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2022-02-27

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Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value

2022-02-25

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Pre-Bell｜U.S. Stock Futures Turned Positive and Russian Shares Jumped; Block Soared Over 15%

2022-02-22

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Moderna, Alibaba, Coinbase, Home Depot, Etsy, and Other Stocks to Watch This Week

2022-02-17

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5 Stocks To Watch For February 17, 2022

2022-02-14

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Vaccine Stocks Tumbled in Morning Trading, with Novavax and Moderna Falling More Than 8%

2022-02-11

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This Growth Stock Could 10X in 10 Years

2022-02-10

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Tesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds

2022-02-10

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10 Fintech Stocks To Own Until 2032 and Beyond

2022-02-08

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2022-02-03

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If You Invested $1,000 In Google Stock After Last Stock Split, Here's How Much You'd Have Now

2022-02-01

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Pre-Bell｜U.S. stock index futures eased on Tuesday; AMC preliminary Q4 revenue tops consensus

2022-01-29

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2022-01-28

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2022-01-27

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Pre-Bell｜Futures Rebound; AMD's $35 bln Deal for Xilinx Approved

2022-01-26

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FOMC Preview：Fed Not Expected to Raise Interest Rates This Week

2022-01-25

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Wall Street Reverses, Ends Higher in Late Session Rally

2022-01-22

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US STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide

2022-01-21

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2022-01-20

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US STOCKS-Wall Street Sell-Off Deepens, Nasdaq Confirms Correction

2022-01-19

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Microsoft Takes Out Activision: Everything You Need To Know

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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":1645926503,"share":"https://ttm.financial/m/news/1125580913?lang=&edition=fundamental","pubTime":"2022-02-27 09:48","market":"us","language":"en","title":"Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1125580913","media":"Tiger Newspress","summary":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-yea","content":"<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</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>Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value</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\">\nBuffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-27 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125580913","content_text":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”Read the full letter here：To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.What You OwnBerkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.Surprise, SurpriseHere are a few items about your company that often surprise even seasoned investors:• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.Our Four GiantsThrough Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.InvestmentsNow let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.* This is our actual purchase price and also our tax basis.** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.U.S. Treasury BillsBerkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.But $144 billion?That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.Share RepurchasesThere are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.A Wonderful Man and a Wonderful BusinessLast year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.In all ways, Paul was a class act.* * * * * * * * * * * *Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.ThanksI taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction workingfor you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”The Annual MeetingClear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.February 26, 2022Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030443309,"gmtCreate":1645797151636,"gmtModify":1676534065119,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030443309","repostId":"1169555093","repostType":4,"repost":{"id":"1169555093","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645793774,"share":"https://ttm.financial/m/news/1169555093?lang=&edition=fundamental","pubTime":"2022-02-25 20:56","market":"us","language":"en","title":"Pre-Bell｜U.S. Stock Futures Turned Positive and Russian Shares Jumped; Block Soared Over 15%","url":"https://stock-news.laohu8.com/highlight/detail?id=1169555093","media":"Tiger Newspress","summary":"U.S. Stock futures turned positive on Friday morning following a sharp reversal on Wall Street as in","content":"<html><head></head><body><p>U.S. Stock futures turned positive on Friday morning following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine. While Russia’s Moex stock-market gauged, which endured a historic blow Thursday, rose around 11%. Russia’s ruble edged up 0.3% to 84.20 a dollar, having shed almost 8% Thursday.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 4 points, or 0.01%, S&amp;P 500 e-minis were up 0.75 points, or 0.02%, and Nasdaq 100 e-minis were up 7.25 points, or 0.05%.</p><p><img src=\"https://static.tigerbbs.com/811c2121a641d39352aca257f8d0cbc9\" tg-width=\"317\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-Market Movers</b></p><p><a href=\"https://laohu8.com/S/KAR\">KAR Auction Services, Inc.</a> rose 47.9% to $20.25 in pre-market trading after the company agreed to sell its ADESA U.S. physical auction business to Carvana for $2.2 billion.</p><p><a href=\"https://laohu8.com/S/FTCH\">Farfetch Limited</a> rose 31.2% to $19.69 in pre-market trading after the company reported better-than-expected Q4 EPS results.</p><p><a href=\"https://laohu8.com/S/ETSY\">Etsy, Inc.</a> rose 16% to $148.60 in pre-market trading after the company reported better-than-expected Q4 EPS and sales results.</p><p><a href=\"https://laohu8.com/S/SQ\">Block, Inc.</a> shares rose 15.2% to $109.50 in pre-market trading after the company reported better-than-expected Q4 EPS and sales results.</p><p><a href=\"https://laohu8.com/S/ZS\">Zscaler, Inc.</a> fell 13.7% to $227.50 in pre-market trading after the company reported Q2 earnings results and issued FY22 guidance.</p><p><a href=\"https://laohu8.com/S/OPEN\">Opendoor Technologies Inc.</a> fell 10.5% to $9.83 in pre-market trading after the company reported Q4 earnings results.</p><p><a href=\"https://laohu8.com/S/BYND\">Beyond Meat, Inc.</a> fell 10% to $44.11 in pre-market trading after the company reported worse-than-expected Q4 sales results and issued FY22 sales guidance below estimates.</p><p><a href=\"https://laohu8.com/S/DELL\">Dell Technologies Inc.</a> fell 8.9% to $50.85 in pre-market trading after the company reported worse-than-expected Q4 adjusted EPS results.</p><p><b>Market News</b></p><p>The rouble firmed on Friday, pulling up from all-time lows hit in the previous session when Russia invaded Ukraine, while stock indexes rose sharply after their biggest one-day fall on record.</p><p>Russian exchange-traded funds and index-tracking funds are rallying before the bell Friday. <b><a href=\"https://laohu8.com/S/RSX\">VanEck Russia ETF</a></b> and <b><a href=\"https://laohu8.com/S/ERUS\">iShares MSCI Russia ETF</a></b> are up ahead of trading.</p><p><b><a href=\"https://laohu8.com/S/LI\">Li Auto</a></b> posted its Q4 financial result. Deliveries of Li ONE were 35,221 vehicles in the fourth quarter of 2021, representing a 40.2% quarter-over-quarter increase and a 143.5% year-over-year increase.</p><p><b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b> announces $8 billion stock buyback program. The new repurchase authorization is in addition to a prior $4 billion program announced in May. AMD has bought back about $3 billion in stock through that earlier program.</p><p>Nigeria&#39;s Seplat Energy said on Friday its offshore unit had entered a sale and purchase agreement to buy the entire share capital of <b><a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a></b>&#39;s Nigerian offshore shallow water business for $1.28 billion.</p><p><b><a href=\"https://laohu8.com/S/VLKAF\">Volkswagen AG</a></b> and its majority shareholder Porsche Automobil Holding SE said they&#39;ll continue to explore an initial public offering of the German manufacturer&#39;s Porsche sportscar brand.</p><p>Online used-car seller <b><a href=\"https://laohu8.com/S/CVNA\">Carvana Co.</a></b> has agreed to buy <b><a href=\"https://laohu8.com/S/KAR\">KAR Auction</a></b>&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p><b><a href=\"https://laohu8.com/S/FTCH\">Farfetch Ltd</a></b> posted a smaller-than-anticipated Q4 loss. The online luxury player&#39;s guidance for FY22 gross merchandise value and profitability also came in higher than expected.</p><p></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>Pre-Bell｜U.S. Stock Futures Turned Positive and Russian Shares Jumped; Block Soared Over 15%</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\">\nPre-Bell｜U.S. Stock Futures Turned Positive and Russian Shares Jumped; Block Soared Over 15%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-25 20:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. Stock futures turned positive on Friday morning following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine. While Russia’s Moex stock-market gauged, which endured a historic blow Thursday, rose around 11%. Russia’s ruble edged up 0.3% to 84.20 a dollar, having shed almost 8% Thursday.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 4 points, or 0.01%, S&amp;P 500 e-minis were up 0.75 points, or 0.02%, and Nasdaq 100 e-minis were up 7.25 points, or 0.05%.</p><p><img src=\"https://static.tigerbbs.com/811c2121a641d39352aca257f8d0cbc9\" tg-width=\"317\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-Market Movers</b></p><p><a href=\"https://laohu8.com/S/KAR\">KAR Auction Services, Inc.</a> rose 47.9% to $20.25 in pre-market trading after the company agreed to sell its ADESA U.S. physical auction business to Carvana for $2.2 billion.</p><p><a href=\"https://laohu8.com/S/FTCH\">Farfetch Limited</a> rose 31.2% to $19.69 in pre-market trading after the company reported better-than-expected Q4 EPS results.</p><p><a href=\"https://laohu8.com/S/ETSY\">Etsy, Inc.</a> rose 16% to $148.60 in pre-market trading after the company reported better-than-expected Q4 EPS and sales results.</p><p><a href=\"https://laohu8.com/S/SQ\">Block, Inc.</a> shares rose 15.2% to $109.50 in pre-market trading after the company reported better-than-expected Q4 EPS and sales results.</p><p><a href=\"https://laohu8.com/S/ZS\">Zscaler, Inc.</a> fell 13.7% to $227.50 in pre-market trading after the company reported Q2 earnings results and issued FY22 guidance.</p><p><a href=\"https://laohu8.com/S/OPEN\">Opendoor Technologies Inc.</a> fell 10.5% to $9.83 in pre-market trading after the company reported Q4 earnings results.</p><p><a href=\"https://laohu8.com/S/BYND\">Beyond Meat, Inc.</a> fell 10% to $44.11 in pre-market trading after the company reported worse-than-expected Q4 sales results and issued FY22 sales guidance below estimates.</p><p><a href=\"https://laohu8.com/S/DELL\">Dell Technologies Inc.</a> fell 8.9% to $50.85 in pre-market trading after the company reported worse-than-expected Q4 adjusted EPS results.</p><p><b>Market News</b></p><p>The rouble firmed on Friday, pulling up from all-time lows hit in the previous session when Russia invaded Ukraine, while stock indexes rose sharply after their biggest one-day fall on record.</p><p>Russian exchange-traded funds and index-tracking funds are rallying before the bell Friday. <b><a href=\"https://laohu8.com/S/RSX\">VanEck Russia ETF</a></b> and <b><a href=\"https://laohu8.com/S/ERUS\">iShares MSCI Russia ETF</a></b> are up ahead of trading.</p><p><b><a href=\"https://laohu8.com/S/LI\">Li Auto</a></b> posted its Q4 financial result. Deliveries of Li ONE were 35,221 vehicles in the fourth quarter of 2021, representing a 40.2% quarter-over-quarter increase and a 143.5% year-over-year increase.</p><p><b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b> announces $8 billion stock buyback program. The new repurchase authorization is in addition to a prior $4 billion program announced in May. AMD has bought back about $3 billion in stock through that earlier program.</p><p>Nigeria&#39;s Seplat Energy said on Friday its offshore unit had entered a sale and purchase agreement to buy the entire share capital of <b><a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a></b>&#39;s Nigerian offshore shallow water business for $1.28 billion.</p><p><b><a href=\"https://laohu8.com/S/VLKAF\">Volkswagen AG</a></b> and its majority shareholder Porsche Automobil Holding SE said they&#39;ll continue to explore an initial public offering of the German manufacturer&#39;s Porsche sportscar brand.</p><p>Online used-car seller <b><a href=\"https://laohu8.com/S/CVNA\">Carvana Co.</a></b> has agreed to buy <b><a href=\"https://laohu8.com/S/KAR\">KAR Auction</a></b>&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p><b><a href=\"https://laohu8.com/S/FTCH\">Farfetch Ltd</a></b> posted a smaller-than-anticipated Q4 loss. The online luxury player&#39;s guidance for FY22 gross merchandise value and profitability also came in higher than expected.</p><p></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":"1169555093","content_text":"U.S. Stock futures turned positive on Friday morning following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine. While Russia’s Moex stock-market gauged, which endured a historic blow Thursday, rose around 11%. Russia’s ruble edged up 0.3% to 84.20 a dollar, having shed almost 8% Thursday.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were up 4 points, or 0.01%, S&P 500 e-minis were up 0.75 points, or 0.02%, and Nasdaq 100 e-minis were up 7.25 points, or 0.05%.Pre-Market MoversKAR Auction Services, Inc. rose 47.9% to $20.25 in pre-market trading after the company agreed to sell its ADESA U.S. physical auction business to Carvana for $2.2 billion.Farfetch Limited rose 31.2% to $19.69 in pre-market trading after the company reported better-than-expected Q4 EPS results.Etsy, Inc. rose 16% to $148.60 in pre-market trading after the company reported better-than-expected Q4 EPS and sales results.Block, Inc. shares rose 15.2% to $109.50 in pre-market trading after the company reported better-than-expected Q4 EPS and sales results.Zscaler, Inc. fell 13.7% to $227.50 in pre-market trading after the company reported Q2 earnings results and issued FY22 guidance.Opendoor Technologies Inc. fell 10.5% to $9.83 in pre-market trading after the company reported Q4 earnings results.Beyond Meat, Inc. fell 10% to $44.11 in pre-market trading after the company reported worse-than-expected Q4 sales results and issued FY22 sales guidance below estimates.Dell Technologies Inc. fell 8.9% to $50.85 in pre-market trading after the company reported worse-than-expected Q4 adjusted EPS results.Market NewsThe rouble firmed on Friday, pulling up from all-time lows hit in the previous session when Russia invaded Ukraine, while stock indexes rose sharply after their biggest one-day fall on record.Russian exchange-traded funds and index-tracking funds are rallying before the bell Friday. VanEck Russia ETF and iShares MSCI Russia ETF are up ahead of trading.Li Auto posted its Q4 financial result. Deliveries of Li ONE were 35,221 vehicles in the fourth quarter of 2021, representing a 40.2% quarter-over-quarter increase and a 143.5% year-over-year increase.AMD announces $8 billion stock buyback program. The new repurchase authorization is in addition to a prior $4 billion program announced in May. AMD has bought back about $3 billion in stock through that earlier program.Nigeria's Seplat Energy said on Friday its offshore unit had entered a sale and purchase agreement to buy the entire share capital of Exxon Mobil's Nigerian offshore shallow water business for $1.28 billion.Volkswagen AG and its majority shareholder Porsche Automobil Holding SE said they'll continue to explore an initial public offering of the German manufacturer's Porsche sportscar brand.Online used-car seller Carvana Co. has agreed to buy KAR Auction's vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.Farfetch Ltd posted a smaller-than-anticipated Q4 loss. The online luxury player's guidance for FY22 gross merchandise value and profitability also came in higher than expected.","news_type":1},"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097223703,"gmtCreate":1645487244156,"gmtModify":1676534031414,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097223703","repostId":"1132983285","repostType":4,"repost":{"id":"1132983285","kind":"news","pubTimestamp":1645484848,"share":"https://ttm.financial/m/news/1132983285?lang=&edition=fundamental","pubTime":"2022-02-22 07:07","market":"us","language":"en","title":"Moderna, Alibaba, Coinbase, Home Depot, Etsy, and Other Stocks to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1132983285","media":"Barron's","summary":"U.S. stock and bond markets will be closed for Presidents Day on Monday. Fourth-quarter earning seas","content":"<html><head></head><body><p>U.S. stock and bond markets will be closed for Presidents Day on Monday. Fourth-quarter earning season resumes when Wall Street returns, with results from Agilent Technologies, Home Depot, and Medtronic on Tuesday. On Wednesday, Booking Holdings, eBay, Lowe’s, Stellantis, and TJX report.</p><p>Thursday will be particularly busy: Alibaba Group Holding, Anheuser-Busch InBev, Coinbase Global, Dell Technologies, Etsy, Moderna, Newmont, Norwegian Cruise Line Holdings, and Occidental Petroleum will be among the highlights. Finally, EOG Resources and Liberty Media close the week on Friday.</p><p>The economic data highlights of the week will include IHS Markit’s Manufacturing and Services Purchasing Managers’ Indexes for February and the Conference Board’s Consumer Confidence Index for February––all on Tuesday. The surveys are each expected to come in flat to down versus January.</p><p>The Census Bureau will also report January durable-goods orders on Friday, which are often seen as a proxy for business investment. Finally, the Bureau of Economic Analysis will report personal income and spending for January on Friday. American consumers are expected to have spent more and earned slightly less compared with the prior month.</p><h2>Monday 2/21</h2><p>Stock and fixed-income markets are closed in observance of Presidents Day.</p><h2>Tuesday 2/22</h2><p>Agilent Technologies, Cadence Design Systems, CenterPoint Energy, Home Depot, Medtronic, Palo Alto Networks, Public Storage, and Realty Income release earnings.</p><p>IHS Markit releases its Manufacturing and Services Purchasing Managers’ Indexes for February. Consensus estimates are for a 56 reading for the Manufacturing PMI and a 52.2 for the Services PMI. This compares with 55.5 and 51.2, respectively, in January. The January Services PMI was the lowest reading since July 2020.</p><p>The Conference Board releases its Consumer Confidence Index for February. Economists forecast a 110.8 reading, roughly three points less than the January data.</p><h2>Wednesday 2/23</h2><p>Booking Holdings, Coterra Energy, eBay, Lowe’s, Molson Coors Beverage, Stellantis, and TJX Cos. report quarterly results.</p><p>The General Assembly of the United Nations holds a meeting to debate the ongoing tensions in Ukraine.</p><p>Cummins holds its 2022 analyst day.</p><h2>Thursday 2/24</h2><p>The BEA reports its second estimate of fourth-quarter 2021 gross domestic product. Economists forecast a 5.9% seasonally adjusted annual growth rate, one percentage less than the advance estimate of 6.9%.</p><p>Alibaba Group Holding, Anheuser-Busch InBev, American Electric Power, Autodesk, Block, CBRE Group, Coinbase Global, Dell Technologies, Etsy, Intuit, Moderna, Newmont, Norwegian Cruise Line Holdings, NRG Energy, Occidental Petroleum, Public Service Enterprise Group, Royal Bank of Canada, and VMware release earnings.</p><p>The Census Bureau reports new-home sales for January. Expectations are for a seasonally adjusted annual rate of 792,000 new single-family houses sold, 19,000 fewer than in December.</p><h2>Friday 2/25</h2><p>Canadian Imperial Bank of Commerce, EOG Resources, Liberty Media, and Sempra Energy hold conference calls to discuss quarterly results.</p><p>The Census Bureau releases the January durable-goods report. Consensus estimate is for new orders for manufactured durable goods to rise 1% month over month to $270.3 billion.</p><p>The National Association of Realtors releases its Pending Home Sales index for January. In December, pending home sales fell 3.8%, the second consecutive month of declines. Rising mortgage rates and record-high home prices have taken some of the wind out of the housing market.</p><p>The BEA reports personal income and spending for January. Income is expected to decline 0.3% month over month, while expenditures are seen rising 1.4%.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Moderna, Alibaba, Coinbase, Home Depot, Etsy, and Other Stocks to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nModerna, Alibaba, Coinbase, Home Depot, Etsy, and Other Stocks to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-22 07:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stocks-to-watch-this-week-moderna-alibaba-coinbase-51645240255><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock and bond markets will be closed for Presidents Day on Monday. Fourth-quarter earning season resumes when Wall Street returns, with results from Agilent Technologies, Home Depot, and ...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-to-watch-this-week-moderna-alibaba-coinbase-51645240255\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETSY":"Etsy, Inc.","MRNA":"Moderna, Inc.","HD":"家得宝","BABA":"阿里巴巴","COIN":"Coinbase Global, Inc."},"source_url":"https://www.barrons.com/articles/stocks-to-watch-this-week-moderna-alibaba-coinbase-51645240255","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132983285","content_text":"U.S. stock and bond markets will be closed for Presidents Day on Monday. Fourth-quarter earning season resumes when Wall Street returns, with results from Agilent Technologies, Home Depot, and Medtronic on Tuesday. On Wednesday, Booking Holdings, eBay, Lowe’s, Stellantis, and TJX report.Thursday will be particularly busy: Alibaba Group Holding, Anheuser-Busch InBev, Coinbase Global, Dell Technologies, Etsy, Moderna, Newmont, Norwegian Cruise Line Holdings, and Occidental Petroleum will be among the highlights. Finally, EOG Resources and Liberty Media close the week on Friday.The economic data highlights of the week will include IHS Markit’s Manufacturing and Services Purchasing Managers’ Indexes for February and the Conference Board’s Consumer Confidence Index for February––all on Tuesday. The surveys are each expected to come in flat to down versus January.The Census Bureau will also report January durable-goods orders on Friday, which are often seen as a proxy for business investment. Finally, the Bureau of Economic Analysis will report personal income and spending for January on Friday. American consumers are expected to have spent more and earned slightly less compared with the prior month.Monday 2/21Stock and fixed-income markets are closed in observance of Presidents Day.Tuesday 2/22Agilent Technologies, Cadence Design Systems, CenterPoint Energy, Home Depot, Medtronic, Palo Alto Networks, Public Storage, and Realty Income release earnings.IHS Markit releases its Manufacturing and Services Purchasing Managers’ Indexes for February. Consensus estimates are for a 56 reading for the Manufacturing PMI and a 52.2 for the Services PMI. This compares with 55.5 and 51.2, respectively, in January. The January Services PMI was the lowest reading since July 2020.The Conference Board releases its Consumer Confidence Index for February. Economists forecast a 110.8 reading, roughly three points less than the January data.Wednesday 2/23Booking Holdings, Coterra Energy, eBay, Lowe’s, Molson Coors Beverage, Stellantis, and TJX Cos. report quarterly results.The General Assembly of the United Nations holds a meeting to debate the ongoing tensions in Ukraine.Cummins holds its 2022 analyst day.Thursday 2/24The BEA reports its second estimate of fourth-quarter 2021 gross domestic product. Economists forecast a 5.9% seasonally adjusted annual growth rate, one percentage less than the advance estimate of 6.9%.Alibaba Group Holding, Anheuser-Busch InBev, American Electric Power, Autodesk, Block, CBRE Group, Coinbase Global, Dell Technologies, Etsy, Intuit, Moderna, Newmont, Norwegian Cruise Line Holdings, NRG Energy, Occidental Petroleum, Public Service Enterprise Group, Royal Bank of Canada, and VMware release earnings.The Census Bureau reports new-home sales for January. Expectations are for a seasonally adjusted annual rate of 792,000 new single-family houses sold, 19,000 fewer than in December.Friday 2/25Canadian Imperial Bank of Commerce, EOG Resources, Liberty Media, and Sempra Energy hold conference calls to discuss quarterly results.The Census Bureau releases the January durable-goods report. Consensus estimate is for new orders for manufactured durable goods to rise 1% month over month to $270.3 billion.The National Association of Realtors releases its Pending Home Sales index for January. In December, pending home sales fell 3.8%, the second consecutive month of declines. Rising mortgage rates and record-high home prices have taken some of the wind out of the housing market.The BEA reports personal income and spending for January. Income is expected to decline 0.3% month over month, while expenditures are seen rising 1.4%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094155752,"gmtCreate":1645095339050,"gmtModify":1676533996258,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094155752","repostId":"2212139206","repostType":4,"repost":{"id":"2212139206","kind":"highlight","pubTimestamp":1645093528,"share":"https://ttm.financial/m/news/2212139206?lang=&edition=fundamental","pubTime":"2022-02-17 18:25","market":"us","language":"en","title":"5 Stocks To Watch For February 17, 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2212139206","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:","content":"<html><head></head><body><p>Some of the stocks that may grab investor focus today are:</p><ul><li>Wall Street expects<b> </b><a href=\"https://laohu8.com/S/USFD\">US Foods Holding Corp.</a>  to report quarterly earnings at $0.39 per share on revenue of $7.65 billion before the opening bell. US Foods shares rose 0.7% to $39.55 in after-hours trading.</li><li><a href=\"https://laohu8.com/S/CSCO\">Cisco Systems, Inc. </a> reported better-than-expected earnings and sale results for its fourth quarter. The board of directors approved a $15 billion increase to stock repurchases, increasing the remaining authorized amount for stock repurchases to now be $18 billion. Management also declared a 3% quarterly dividend increase. Cisco shares gained 3.5% to $56.15 in the after-hours trading session.</li><li>Analysts are expecting <a href=\"https://laohu8.com/S/WMT\">Walmart Inc. </a> to have earned $1.50 per share on revenue of $151.54 billion for the latest quarter. The company will release earnings before the markets open. Walmart shares gained 0.6% to $134.30 in after-hours trading.</li></ul><ul><li><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corporation </a> posted upbeat earnings for its fourth quarter. NVIDIA shares fell 2.7% to $258.01 in the after-hours trading session.</li><li>Analysts expect <a href=\"https://laohu8.com/S/AN\">AutoNation Inc.</a> to report quarterly earnings at $4.96 per share on revenue of $6.37 billion before the opening bell. AutoNation shares rose 0.8% to $112.00 in after-hours trading.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Stocks To Watch For February 17, 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Stocks To Watch For February 17, 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-17 18:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/22/02/25682149/5-stocks-to-watch-for-february-17-2022><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some of the stocks that may grab investor focus today are:Wall Street expects US Foods Holding Corp.  to report quarterly earnings at $0.39 per share on revenue of $7.65 billion before the opening ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/22/02/25682149/5-stocks-to-watch-for-february-17-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AN":"车之国公司","BK4525":"远程办公概念","WMT":"沃尔玛","BK4543":"AI","BK4527":"明星科技股","CSCO":"思科","BK4020":"通信设备","BK4550":"红杉资本持仓","BK4141":"半导体产品","BK4503":"景林资产持仓","BK4155":"大卖场与超市","BK4560":"网络安全概念","BK4504":"桥水持仓","BK4102":"食品分销商","BK4549":"软银资本持仓","BK4529":"IDC概念","BK4515":"5G概念","BK4554":"元宇宙及AR概念","USFD":"美国食品控股","NVDA":"英伟达","BK4214":"汽车零售","BK4567":"ESG概念","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://www.benzinga.com/news/earnings/22/02/25682149/5-stocks-to-watch-for-february-17-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2212139206","content_text":"Some of the stocks that may grab investor focus today are:Wall Street expects US Foods Holding Corp.  to report quarterly earnings at $0.39 per share on revenue of $7.65 billion before the opening bell. US Foods shares rose 0.7% to $39.55 in after-hours trading.Cisco Systems, Inc.  reported better-than-expected earnings and sale results for its fourth quarter. The board of directors approved a $15 billion increase to stock repurchases, increasing the remaining authorized amount for stock repurchases to now be $18 billion. Management also declared a 3% quarterly dividend increase. Cisco shares gained 3.5% to $56.15 in the after-hours trading session.Analysts are expecting Walmart Inc.  to have earned $1.50 per share on revenue of $151.54 billion for the latest quarter. The company will release earnings before the markets open. Walmart shares gained 0.6% to $134.30 in after-hours trading.NVIDIA Corporation  posted upbeat earnings for its fourth quarter. NVIDIA shares fell 2.7% to $258.01 in the after-hours trading session.Analysts expect AutoNation Inc. to report quarterly earnings at $4.96 per share on revenue of $6.37 billion before the opening bell. AutoNation shares rose 0.8% to $112.00 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095162065,"gmtCreate":1644852726679,"gmtModify":1676533968319,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"🤔","listText":"🤔","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095162065","repostId":"1144307682","repostType":4,"repost":{"id":"1144307682","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644851348,"share":"https://ttm.financial/m/news/1144307682?lang=&edition=fundamental","pubTime":"2022-02-14 23:09","market":"us","language":"en","title":"Vaccine Stocks Tumbled in Morning Trading, with Novavax and Moderna Falling More Than 8%","url":"https://stock-news.laohu8.com/highlight/detail?id=1144307682","media":"Tiger Newspress","summary":"Vaccine stocks tumbled in morning trading, with Novavax and Moderna falling more than 8%.","content":"<html><head></head><body><p>Vaccine stocks tumbled in morning trading, with Novavax and Moderna falling more than 8%.</p><p><img src=\"https://static.tigerbbs.com/cfe7d75385e1ede81ab9b3c511ada60e\" tg-width=\"704\" tg-height=\"610\" 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>Vaccine Stocks Tumbled in Morning Trading, with Novavax and Moderna Falling More Than 8%</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\">\nVaccine Stocks Tumbled in Morning Trading, with Novavax and Moderna Falling More Than 8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-14 23:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Vaccine stocks tumbled in morning trading, with Novavax and Moderna falling more than 8%.</p><p><img src=\"https://static.tigerbbs.com/cfe7d75385e1ede81ab9b3c511ada60e\" tg-width=\"704\" tg-height=\"610\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","BNTX":"BioNTech SE","NVAX":"诺瓦瓦克斯医药"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144307682","content_text":"Vaccine stocks tumbled in morning trading, with Novavax and Moderna falling more than 8%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":676,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092129649,"gmtCreate":1644557736939,"gmtModify":1676533941123,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092129649","repostId":"1158145314","repostType":4,"repost":{"id":"1158145314","kind":"news","pubTimestamp":1644547624,"share":"https://ttm.financial/m/news/1158145314?lang=&edition=fundamental","pubTime":"2022-02-11 10:47","market":"us","language":"en","title":"This Growth Stock Could 10X in 10 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1158145314","media":"Motley Fool","summary":"The market is volatile right now, but in 10 years, it will look different. Focus on the long term.","content":"<html><head></head><body><p><b>Key Points</b></p><ul><li>The market has dipped plenty of times over the years, but it has continued to move forward over time.</li><li>Airbnb has a tremendous market opportunity.</li></ul><p>The market is going through a bit of a rough patch, with many stocks that were leading last year having fallen off a cliff. These are times that can really try investors&#39; patience. But it&#39;s important to remember that this is how the market works, and corrections or dips are part of the process. Over the past 20 years, there have been two real crashes, and many more dips along the way. But the <b>Dow Jones Industrial Average</b>, which you can see in this chart, is 264% higher than it was 20 years ago.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5f1aa58f3ddd8b480355a7bd5817785\" tg-width=\"720\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>^DJI DATA BY YCHARTS</span></p><p>In other words, if you stay calm and hold on, you&#39;re likely to be rewarded in the long term. In fact, there are many stocks that have grown 10 times, or 1,000%, over the past 20 years, and some even in 10 years or less. One stock I think can grow 10 times over the next 10 years is <b>Airbnb</b> (NASDAQ:ABNB).</p><p><b>Why Airbnb is different</b></p><p>The reason Airbnb has caused such a stir is because it shakes up a traditional way to travel. Previously, trying to find a vacation rental required long searches, and there were limited reviews and no industry standards to go off of. Airbnb changed all that with its platform, standards, and reviews. It&#39;s not the only game in its industry, but it&#39;s the biggest. It has more than 400,000 hosts signed into its platform, and every new host or property offers more for customers. Because it&#39;s so simple for the company to add properties, it has enormous potential for growth, in both the short and long term.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d45981b396fa286ab0b6cd47b98c881b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"/><span>IMAGE SOURCE: AIRBNB.</span></p><p><b>Some catalysts for growth</b></p><p>Airbnb&#39;s model is conducive to growth, but there are many catalysts beyond that. One of them is the shift toward more local stays generated by the pandemic. When people couldn&#39;t travel far, they traveled close. Does that mean it will change when travel completely resumes? I don&#39;t think so. Certainly, international travel will pick up when global restrictions end. But now that more people have been exposed to trip ideas they may not have thought about previously, I think these will remain viable options going forward. However, Airbnb will benefit either way. As travel resumes, more people now have Airbnb on their radar, wherever they choose to stay.</p><p>Another catalyst is the trend toward longer stays. Stays of 28 days or more exploded during the pandemic, and the work-from-home trend will continue to drive this segment. In the company&#39;s third-quarter shareholder letter, the company said, &#34;This newfound flexibility is blurring the lines between traveling and living.&#34; Of any travel company, Airbnb is qualified to run with this. This was Airbnb&#39;s fastest-growing category in the second and third quarters in 2021, and will probably be when it reports fourth-quarter earnings as well. It accounted for 20% of nights booked in the third quarter, and it demonstrates that Airbnb has become more than a travel company -- it&#39;s a hybrid travel and living company, and management is vigorously tapping into this model as a way to move forward. It recently announced that CEO Brian Chesky will be living in Airbnb rentals for a year to gain knowledge about the experience, and I wouldn&#39;t be surprised if the company completely shifts gears to market itself in this way; I&#39;d be more surprised if it doesn&#39;t. This represents a whole new world of opportunities on top of its already ripe ones from its current model.</p><p><b>More reasons to be believe in the stock</b></p><p>Another detail in airbnb&#39;s favor is that it became profitable last year. That&#39;s always a worry for growth companies, which invest in growth and often don&#39;t demonstrate profits until they&#39;re highly scaled. Airbnb has passed that point, posting $834 million in net income in the third quarter, and management said it expects greater margin expansion in the fourth quarter than the third.</p><p>Airbnb stock hasn&#39;t performed well over the past year, falling almost 20%. However, investors can look at it as an opportunity to buy shares on the dip. Even at this price, shares trade at a steep 103 times forward one-year earnings. But the premise looks compelling, and in 10 years&#39; time, this stock could grow 10 times or more.</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>This Growth Stock Could 10X in 10 Years</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\">\nThis Growth Stock Could 10X in 10 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/10/this-growth-stock-could-10x-in-10-years/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key PointsThe market has dipped plenty of times over the years, but it has continued to move forward over time.Airbnb has a tremendous market opportunity.The market is going through a bit of a rough ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/10/this-growth-stock-could-10x-in-10-years/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABNB":"爱彼迎"},"source_url":"https://www.fool.com/investing/2022/02/10/this-growth-stock-could-10x-in-10-years/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158145314","content_text":"Key PointsThe market has dipped plenty of times over the years, but it has continued to move forward over time.Airbnb has a tremendous market opportunity.The market is going through a bit of a rough patch, with many stocks that were leading last year having fallen off a cliff. These are times that can really try investors' patience. But it's important to remember that this is how the market works, and corrections or dips are part of the process. Over the past 20 years, there have been two real crashes, and many more dips along the way. But the Dow Jones Industrial Average, which you can see in this chart, is 264% higher than it was 20 years ago.^DJI DATA BY YCHARTSIn other words, if you stay calm and hold on, you're likely to be rewarded in the long term. In fact, there are many stocks that have grown 10 times, or 1,000%, over the past 20 years, and some even in 10 years or less. One stock I think can grow 10 times over the next 10 years is Airbnb (NASDAQ:ABNB).Why Airbnb is differentThe reason Airbnb has caused such a stir is because it shakes up a traditional way to travel. Previously, trying to find a vacation rental required long searches, and there were limited reviews and no industry standards to go off of. Airbnb changed all that with its platform, standards, and reviews. It's not the only game in its industry, but it's the biggest. It has more than 400,000 hosts signed into its platform, and every new host or property offers more for customers. Because it's so simple for the company to add properties, it has enormous potential for growth, in both the short and long term.IMAGE SOURCE: AIRBNB.Some catalysts for growthAirbnb's model is conducive to growth, but there are many catalysts beyond that. One of them is the shift toward more local stays generated by the pandemic. When people couldn't travel far, they traveled close. Does that mean it will change when travel completely resumes? I don't think so. Certainly, international travel will pick up when global restrictions end. But now that more people have been exposed to trip ideas they may not have thought about previously, I think these will remain viable options going forward. However, Airbnb will benefit either way. As travel resumes, more people now have Airbnb on their radar, wherever they choose to stay.Another catalyst is the trend toward longer stays. Stays of 28 days or more exploded during the pandemic, and the work-from-home trend will continue to drive this segment. In the company's third-quarter shareholder letter, the company said, \"This newfound flexibility is blurring the lines between traveling and living.\" Of any travel company, Airbnb is qualified to run with this. This was Airbnb's fastest-growing category in the second and third quarters in 2021, and will probably be when it reports fourth-quarter earnings as well. It accounted for 20% of nights booked in the third quarter, and it demonstrates that Airbnb has become more than a travel company -- it's a hybrid travel and living company, and management is vigorously tapping into this model as a way to move forward. It recently announced that CEO Brian Chesky will be living in Airbnb rentals for a year to gain knowledge about the experience, and I wouldn't be surprised if the company completely shifts gears to market itself in this way; I'd be more surprised if it doesn't. This represents a whole new world of opportunities on top of its already ripe ones from its current model.More reasons to be believe in the stockAnother detail in airbnb's favor is that it became profitable last year. That's always a worry for growth companies, which invest in growth and often don't demonstrate profits until they're highly scaled. Airbnb has passed that point, posting $834 million in net income in the third quarter, and management said it expects greater margin expansion in the fourth quarter than the third.Airbnb stock hasn't performed well over the past year, falling almost 20%. However, investors can look at it as an opportunity to buy shares on the dip. Even at this price, shares trade at a steep 103 times forward one-year earnings. But the premise looks compelling, and in 10 years' time, this stock could grow 10 times or more.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092050341,"gmtCreate":1644496780239,"gmtModify":1676533933368,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092050341","repostId":"2210596520","repostType":4,"repost":{"id":"2210596520","kind":"news","pubTimestamp":1644496100,"share":"https://ttm.financial/m/news/2210596520?lang=&edition=fundamental","pubTime":"2022-02-10 20:28","market":"us","language":"en","title":"Tesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds","url":"https://stock-news.laohu8.com/highlight/detail?id=2210596520","media":"Reuters","summary":"(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be ","content":"<html><head></head><body><p> (Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday.</p><p>Under increasing scrutiny from the National Highway Traffic Safety Administration (NHTSA), Tesla has issued 10 U.S. recalls over the last four months.</p><p>The electric vehicle manufacturer is recalling some 2020-2022 Model S, Model X, Model Y, and 2017-2022 Model 3 vehicles because the &#34;Boombox function&#34; allows sounds to be played through an external speaker while the vehicle is in motion.</p><p>NHTSA said the vehicles fail to comply with a federal motor vehicle safety standard on minimum sound requirements for electric vehicles.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-10 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19588901><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19588901\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4099":"汽车制造商","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4555":"新能源车","BK4550":"红杉资本持仓","TSLA":"特斯拉"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19588901","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210596520","content_text":"(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday.Under increasing scrutiny from the National Highway Traffic Safety Administration (NHTSA), Tesla has issued 10 U.S. recalls over the last four months.The electric vehicle manufacturer is recalling some 2020-2022 Model S, Model X, Model Y, and 2017-2022 Model 3 vehicles because the \"Boombox function\" allows sounds to be played through an external speaker while the vehicle is in motion.NHTSA said the vehicles fail to comply with a federal motor vehicle safety standard on minimum sound requirements for electric vehicles.","news_type":1},"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096551956,"gmtCreate":1644426360588,"gmtModify":1676533924902,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"gd","listText":"gd","text":"gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096551956","repostId":"1173285439","repostType":4,"repost":{"id":"1173285439","kind":"news","pubTimestamp":1644420204,"share":"https://ttm.financial/m/news/1173285439?lang=&edition=fundamental","pubTime":"2022-02-09 23:23","market":"us","language":"en","title":"10 Fintech Stocks To Own Until 2032 and Beyond","url":"https://stock-news.laohu8.com/highlight/detail?id=1173285439","media":"InvestorPlace","summary":"It was one of the hottest sectors early last year. But since late 2021, financial technology (fintec","content":"<html><head></head><body><p>It was one of the hottest sectors early last year. But since late 2021, financial technology (fintech) stocks have fallen out of favor. Although much of this can be chalked up to the market’s overall shunning of growth stocks, ahead of higher interest rates, a shift in sentiment for the sector has played a big role as well.</p><p>That is, after the pandemic helped to boost excitement about the “digitization of money” trend, enthusiasm has cooled off. Investors are dialing back their expectations about how quickly these dynamic, tech-focused companies will disrupt “old school” banks and other traditional financial institutions.</p><p>Regarding the near-term, this makes sense. In hindsight, it’s clear the market put the cart before the horse, sending many of these names to unsustainable valuations. Yet now, with the big sell-off experienced in the sector across-the-board, many are now priced at rates that underestimate their long-term prospects.</p><p>Namely, that thegenerational shiftplaying out now bodes well for the industry. Millennials are reaching middle age. Generation Z has come of age. Desiring greater access, convenience, and flexibility from financial services, their needs/wants will dictate which companies will thrive, and which will struggle.</p><p>As things are just getting warmed up for the industry, now may be the time to place long-term bets. Ten years from now, taking a “set it and forget” (buy and hold) approach with these ten fintech stocks could prove to be a highly profitable move in hindsight:</p><ul><li><a href=\"https://laohu8.com/S/BKKT\">Bakkt Holdings</a></li><li><a href=\"https://laohu8.com/S/FISV\">Fiserv</a></li><li><a href=\"https://laohu8.com/S/INTU\">Intuit </a></li><li><a href=\"https://laohu8.com/S/MA\">Mastercard </a></li><li><a href=\"https://laohu8.com/S/PSFE\">Paysafe </a></li><li><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></li><li><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies </a></li><li><a href=\"https://laohu8.com/S/SQ\">Block</a></li><li><a href=\"https://laohu8.com/S/UPST\">Upstart </a></li><li><a href=\"https://laohu8.com/S/WU\">Western Union</a></li></ul><ul><li><a href=\"https://laohu8.com/S/BKKT\">Bakkt Holdings</a></li></ul><p><img src=\"https://static.tigerbbs.com/4254e8608531e68bc9f8c623593c4bdc\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: 24K-Production / Shutterstock.com</p><p>Today, BKKT stock may seem like a meme play that’s had its day. In October, this former special purpose acquisition company (SPAC) skyrocketed in price. Yet since that “to the moon” move, it’s collapsed in price. BKKT went from over $50 per share, down to around $5.50 per share.</p><p>To many, this may make thiscrypto-focused fintech firmlook like just another busted SPAC stock. Doomed to languish at single-digit prices, much like what’s happened to names like <b>Clover Health</b>(NASDAQ:<b>CLOV</b>).</p><p>However, while Bakkt is struggling at present, you may not want to jump to the conclusion that it’s a flash-in-the-pan name that’s never coming back.</p><p>Admittedly, crypto is in a tough spot right now. Upcoming rate hikes have dampened its appeal as a U.S. dollar alternative. Governmental control/regulation of this for-now decentralized market isalso on the horizon. Still, this may not necessarily mean the “end of crypto.” In fact, its integration into the traditional financial system could be a boon for Bakkt.</p><p>As its platform helps to facilitate crypto-related transactions, it may actually see a benefit from this market losing its current “wild west” status. In the months ahead, it may continue to flounder. It may also have to raise cash (on dilutive terms) in order to ride things out. Nevertheless, while you may want to take a closer look before taking it as a long-term holding, consider it one of the fintech stocks to keep an eye on, as a way to play the trend.</p><ul><li><a href=\"https://laohu8.com/S/FISV\">Fiserv</a></li></ul><p><img src=\"https://static.tigerbbs.com/44708bf1912ddfe3d8b10908fec9b493\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Tada Images / Shutterstock.com</p><p>Fiserv is a legacy payment processing company. Although hardly a household name, it has more in common with Mastercard and<b>Visa</b>(NYSE:<b><u>V</u></b>) than it does with, say, PayPal. Even so, much like how you shouldn’t write off Mastercard and Visa as dinosaurs in light of fintech trends, the same thing applies here with this company.</p><p>Via services like itsCarat ecommerce ecosystem, and its Clover point-of-sale transaction platform, the company is keeping up with the digitalization of finance. It’s also bolstering its fintech bona fides,through its purchase of BentoBox, which is to restaurants what its Carat ecosystem is to online retail.</p><p>That’s not all. Not only is this company a fintech stock masquerading as an old-school payments stock, it’s a relatively cheap one to boot. FISV stock today trades for around 18.9x projected 2021 earnings, and 16.4x projected 2022 earnings. Yes, this established company isn’t growing at the same clip as more early-stage names.</p><p>However, with earnings expected to jump around 15.5% this year, it may be deserving a slightly higher valuation. At just over $100 per share today, and if you add in the potential for it to see continued strong growth and adaptation, then Fiserv could be trading for substantially higher prices ten years out.</p><ul><li><a href=\"https://laohu8.com/S/INTU\">Intuit </a></li></ul><p><img src=\"https://static.tigerbbs.com/1ea5d33afe04711661ec74063845e9e8\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: dennizn / Shutterstock.com</p><p>When you think of Intuit, this software company’s QuickBooks and TurboTax services may first come to mind. Both nice business to have under one’s belt for sure. High margin, with deep economic moats. But do they make them a fintech company? At first, you may think instead this is more like a finance-focused software as a service (SaaS) company.</p><p>However, don’t forget that Credit Karma and Mint are its other major products. All together, they’ve helped it capitalize on the integration of finance and technology. They’ve also enabled this more mature company to grow itsannual revenuefrom $6.78 billion in Fiscal 2019 (ending July 2019), to $10.3 billion over the trailing twelve months.</p><p>Chances are, they’ll continue to do so in the years ahead. With its aforementioned platforms, it is well-positioned to remain a one stop shop for Millennials and Gen Z to do their taxes, access credit, and manage their wealth. Intuit’s enterprise offerings also put it in a great spot to benefit from thedigitalization of corporate accounting/finance.</p><p>After dropping 15% so far this year, due to the tech-selloff, INTU appears to be a fintech stock on sale. You may want to grab it, either now, or any additional weakness that may arise over the next few months.</p><p><a href=\"https://laohu8.com/S/MA\">Mastercard </a><img src=\"https://static.tigerbbs.com/761790ce672a3f19aca9e325ff53218c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: David Cardinez / Shutterstock.com</p><p>Mastercard is a high-quality business. The credit card processor continues to operate in an oligopoly with its longtime rival Visa. This brings with it high profit margins, and consistent profitability.</p><p>Unfortunately, it also brings with it a premium valuation for MA stock. Trading for 36.7x, it may seem pricey. Especially as it seems that, in time, fintech rivals will drain its economic moat, taking away its edge, and possibly its status as a “wonderful company.”</p><p>Then again, concerns about it getting its lunch eaten by newer fintechs may be overblown. At least, that’s the view of<b>Weitz Investment Management</b>. The asset management firm’s portfolio managers recently argued that both Mastercard and Visa operate“the rails over which electronic payments travel.”This leaves upstarts dependent on them in order to operate.</p><p>It also gives the old school processors like this one an edge in terms of competing with them. The company is doing just that,via recent acquisitions. This may explain why MA stock has held up a lot better lately, as the market appreciates its incumbent status. It may also pave the way for the stock, which at around $374 per share is just under its all-time high, to continue climbing higher, its premium valuation notwithstanding.</p><p><a href=\"https://laohu8.com/S/PSFE\">Paysafe </a><img src=\"https://static.tigerbbs.com/05bc206367e566c4cf2bf127eb79afd2\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Sulastri Sulastri / Shutterstock.com</p><p>A year ago, PSFE stock was in the catbird’s set, in a way. A payment processor for the online gambling industry, it appeared well-positioned to benefit from the explosion of legalized sportsbooks and online casinos in the U.S.</p><p>It was also a SPAC stock. This resulted in a lot of attention from speculators, looking to “get rich” from the bubble that emerged last year in this once-arcane area of the market. Unfortunately, throughout 2021, its connection to both trends went from being a positive, to being a negative.</p><p>First, the SPAC wipeout, which put shares on a downwards trajectory right from the start after its “deSPACing.” Then, the deflating of the sports betting bubble,plus downward revisions to its guidance, put it into freefall in November.</p><p>The end result? Changing hands today for about $3.5 per share, it’s fallen more than 80% over the past year. The past twelve months have been tough for PSFE stock. Still, you may want to take a second look, following its beatdown. As<i>InvestorPlace’s</i>Dana Blankenhorn recently argued, the situation with the companycould change in the years ahead. It may get worse before it gets better, yet getting in today, and riding out volatility, shares could ultimately re-hit higher prices.</p><p><a href=\"https://laohu8.com/S/PYPL\">PayPal </a><img src=\"https://static.tigerbbs.com/5ea6870df0834f18dbf86a1cf8e754be\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: JHVEPhoto / Shutterstock.com</p><p>You can’t talk about fintech stocks without talking about PayPal. With the launch of its payments platform two decades back, it is a pioneer in this space. With a wide variety of financial service offerings for individuals and merchants, it controls a large piece of the digital segments market.</p><p>The “digitization of money” trade, which kicked off at the start of the pandemic, resulted in PYPL stock going on a stunning run. Between spring of 2020, and last summer, it soared from around $100, to as much as $310.16 per share. Yet since July 2021, it’s taken a big dive.</p><p>At around $120 per share today, it’s all but given back its gains over the past two years. The reasons for this are numerous. First, of course, the upcoming rate hikes have made investors less bullish on growth plays. Second,underwhelming quarterly results and outlookhave made the market more hesitant to give it a premium valuation.</p><p>So, with so much bad news, which include it as a possible buy? There may be a silver lining to its recent troubles. The resultant price declines have pushed it to a much more reasonable valuation (26.9x). If its growth slowdown is not as bad as it looks, its recent big declines could reverse in time.</p><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies </a><img src=\"https://static.tigerbbs.com/6f36bf2ff4a2a456a111d05f4d9bc669\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: rafapress / Shutterstock.com</p><p>As the market has soured on fintech stocks, so too have they grown less enthusiastic about SOFI stock. As you may recall, the former SPAC looked like it was on the verge of making a comeback last fall. But between all the sentiment shifts and volatility experienced since then, it’s no surprise that shares have taken a sharp plunge over the past three months.</p><p>Trading in the low-$20s per share in mid-November, today the digital-first financial supermarket trades for around $12 per share. Put simply, this may have been an overreaction. Not only does the continued rise of fintech bode well for it in the long-term. In the short-term, it may have a shot of making a recovery.</p><p>Last week, I discussed how SOFI stock may be one of the best names to buy followingWall Street’s late January move into panic mode. Why? Now holding a banking charter, the company may be getting into traditional banking at the right time, as interest rates rise. This may give it a quicker path to the point of profitability.</p><p>If SoFi Technologies gets out of the red, and keeps on seeing its platform expand (in terms of both revenue and users), the stock could get out of its recent slump. At the very least, make a partial recovery.</p><p><a href=\"https://laohu8.com/S/SQ\">Block </a><img src=\"https://static.tigerbbs.com/74d0d3568ed5a0dabc0c571d18f99a19\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: IgorGolovniov / Shutterstock.com</p><p>Like with its rival PayPal, Block (formerly Square) has seen the crowd from being extremely in its favor, to extremely out of its favor. It hasn’t given back all of its pandemic era gains. Yet after falling around 60% over the past six months, to $109 per share, it pretty much has done just that.</p><p>The crowd’s no longer on its side, but<b>JPMorgan’s</b>(NYSE:<b>JPM</b>) Tien-Tsin Huang doesn’t see this as a reason to avoid the stock. Instead, the sell-side analyst hasrecently rated shares a “buy,” with a $200 per share price target. Huang’s rationale? With the Afterpay deal now under its belt, integrating it with its existing operations could help boost gross profits.</p><p>In the longer run, with its multitude of platforms (Square merchant services, CashApp and now Afterpay for customers), Block still stands to benefit greatly from the continued rise of fintech. Having said all this, valuation may remain a concern. The stock today trades for around 54x earnings.</p><p>If rate hikes come in worse than expected, this rich valuation could see further compression. You may not want to jump into SQ stock right away. Keep this on your watchlist of fintech stocks, possibly buying it if it takes another major dive.</p><p><a href=\"https://laohu8.com/S/UPST\">Upstart </a><img src=\"https://static.tigerbbs.com/6eb090a090093773dab0e47a96d93ec5\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Postmodern Studio / Shutterstock.com</p><p>Like SOFI, UPST stock is another fintech stock that could become a winner again well before 2032 arrives. Albeit, with a caveat. A rebound will only happen if upcoming rate hikes aren’t as severe as the most doom and gloom forecasts suggest.</p><p>What do I mean? As I recently discussed, the upcoming rise in interest rates has resulted in severe multiple compression for shares in fast-growing tech companies. Yet in the case of Upstart, whose technology enables lenders to assess credit risk using artificial intelligence (AI), the compression may have been overdone.</p><p>Unlike some other fintech/SaaS names, which have seen high revenue growth, but no profits,that’s not the case here with UPST stock. With the rapid adoption of its platform last year, the company’s top-line has skyrocketed, and it currently generates positive earnings.</p><p>Although its rate of growth is slowing down (from 245.6% to 49.5%), it could see a big boost, if three rate hikes of 0.25% each are all we see from the Federal Reserve in 2022. If earnings hit the top end of projections, and rates stay low enough that this stock can sustain a P/E ratio of 101x? A move back to over $200 per share for this stock (currently just under $100 per share) may be achievable.</p><p><a href=\"https://laohu8.com/S/WU\">Western Union </a><img src=\"https://static.tigerbbs.com/46fa8ce4c8109fefb57a0e665086e29a\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: DW labs Incorporated/Shutterstock.com</p><p>To wrap up this gallery, let’s take a look at a name that really doesn’t appear to be a fintech play on the surface. I’ll concede that it’s far easier to make the “dinosaur” argument for Western Union than it is for Fiserv and Mastercard.</p><p>Its name alone, harkening back to its 19th century roots as a telegraph company, suggests its not long for this more digitized financial world. Even so, before declaring that it’s done for in a world where crypto, payment apps, and other solutions make its money transfer business archaic, bear in mind it’staking active steps to stay relevantto changes in global fund remittance.</p><p>That’s not to say it’ll pan out. After all, you can cite scores of old line companies whose attempts to adapt to chance were too little, too late. Yet with WU stock, trading for just 9.22x earnings, its secular decline is already priced-in. Perhaps, too priced-in.</p><p>Even if it has just a limited amount of success with a digital transformation then it may be enough to help spark an outsized rebound for this cheaply priced stock. Yes, it’s more a deep value play than one of the other fintech stocks here. Even so, you may still want to consider buying it, as it stays at a fire sale price.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Fintech Stocks To Own Until 2032 and Beyond</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\">\n10 Fintech Stocks To Own Until 2032 and Beyond\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-09 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/10-fintech-stocks-to-own-until-2032-and-beyond/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It was one of the hottest sectors early last year. But since late 2021, financial technology (fintech) stocks have fallen out of favor. Although much of this can be chalked up to the market’s overall ...</p>\n\n<a href=\"https://investorplace.com/2022/02/10-fintech-stocks-to-own-until-2032-and-beyond/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BKKT":"Bakkt Holdings, Inc.","SOFI":"SoFi Technologies Inc.","WU":"西联汇款","UPST":"Upstart Holdings, Inc.","PYPL":"PayPal","SQ":"Block","MA":"万事达","PSFE":"Paysafe Ltd","INTU":"财捷"},"source_url":"https://investorplace.com/2022/02/10-fintech-stocks-to-own-until-2032-and-beyond/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173285439","content_text":"It was one of the hottest sectors early last year. But since late 2021, financial technology (fintech) stocks have fallen out of favor. Although much of this can be chalked up to the market’s overall shunning of growth stocks, ahead of higher interest rates, a shift in sentiment for the sector has played a big role as well.That is, after the pandemic helped to boost excitement about the “digitization of money” trend, enthusiasm has cooled off. Investors are dialing back their expectations about how quickly these dynamic, tech-focused companies will disrupt “old school” banks and other traditional financial institutions.Regarding the near-term, this makes sense. In hindsight, it’s clear the market put the cart before the horse, sending many of these names to unsustainable valuations. Yet now, with the big sell-off experienced in the sector across-the-board, many are now priced at rates that underestimate their long-term prospects.Namely, that thegenerational shiftplaying out now bodes well for the industry. Millennials are reaching middle age. Generation Z has come of age. Desiring greater access, convenience, and flexibility from financial services, their needs/wants will dictate which companies will thrive, and which will struggle.As things are just getting warmed up for the industry, now may be the time to place long-term bets. Ten years from now, taking a “set it and forget” (buy and hold) approach with these ten fintech stocks could prove to be a highly profitable move in hindsight:Bakkt HoldingsFiservIntuit Mastercard Paysafe PayPalSoFi Technologies BlockUpstart Western UnionBakkt HoldingsSource: 24K-Production / Shutterstock.comToday, BKKT stock may seem like a meme play that’s had its day. In October, this former special purpose acquisition company (SPAC) skyrocketed in price. Yet since that “to the moon” move, it’s collapsed in price. BKKT went from over $50 per share, down to around $5.50 per share.To many, this may make thiscrypto-focused fintech firmlook like just another busted SPAC stock. Doomed to languish at single-digit prices, much like what’s happened to names like Clover Health(NASDAQ:CLOV).However, while Bakkt is struggling at present, you may not want to jump to the conclusion that it’s a flash-in-the-pan name that’s never coming back.Admittedly, crypto is in a tough spot right now. Upcoming rate hikes have dampened its appeal as a U.S. dollar alternative. Governmental control/regulation of this for-now decentralized market isalso on the horizon. Still, this may not necessarily mean the “end of crypto.” In fact, its integration into the traditional financial system could be a boon for Bakkt.As its platform helps to facilitate crypto-related transactions, it may actually see a benefit from this market losing its current “wild west” status. In the months ahead, it may continue to flounder. It may also have to raise cash (on dilutive terms) in order to ride things out. Nevertheless, while you may want to take a closer look before taking it as a long-term holding, consider it one of the fintech stocks to keep an eye on, as a way to play the trend.FiservSource: Tada Images / Shutterstock.comFiserv is a legacy payment processing company. Although hardly a household name, it has more in common with Mastercard andVisa(NYSE:V) than it does with, say, PayPal. Even so, much like how you shouldn’t write off Mastercard and Visa as dinosaurs in light of fintech trends, the same thing applies here with this company.Via services like itsCarat ecommerce ecosystem, and its Clover point-of-sale transaction platform, the company is keeping up with the digitalization of finance. It’s also bolstering its fintech bona fides,through its purchase of BentoBox, which is to restaurants what its Carat ecosystem is to online retail.That’s not all. Not only is this company a fintech stock masquerading as an old-school payments stock, it’s a relatively cheap one to boot. FISV stock today trades for around 18.9x projected 2021 earnings, and 16.4x projected 2022 earnings. Yes, this established company isn’t growing at the same clip as more early-stage names.However, with earnings expected to jump around 15.5% this year, it may be deserving a slightly higher valuation. At just over $100 per share today, and if you add in the potential for it to see continued strong growth and adaptation, then Fiserv could be trading for substantially higher prices ten years out.Intuit Source: dennizn / Shutterstock.comWhen you think of Intuit, this software company’s QuickBooks and TurboTax services may first come to mind. Both nice business to have under one’s belt for sure. High margin, with deep economic moats. But do they make them a fintech company? At first, you may think instead this is more like a finance-focused software as a service (SaaS) company.However, don’t forget that Credit Karma and Mint are its other major products. All together, they’ve helped it capitalize on the integration of finance and technology. They’ve also enabled this more mature company to grow itsannual revenuefrom $6.78 billion in Fiscal 2019 (ending July 2019), to $10.3 billion over the trailing twelve months.Chances are, they’ll continue to do so in the years ahead. With its aforementioned platforms, it is well-positioned to remain a one stop shop for Millennials and Gen Z to do their taxes, access credit, and manage their wealth. Intuit’s enterprise offerings also put it in a great spot to benefit from thedigitalization of corporate accounting/finance.After dropping 15% so far this year, due to the tech-selloff, INTU appears to be a fintech stock on sale. You may want to grab it, either now, or any additional weakness that may arise over the next few months.Mastercard Source: David Cardinez / Shutterstock.comMastercard is a high-quality business. The credit card processor continues to operate in an oligopoly with its longtime rival Visa. This brings with it high profit margins, and consistent profitability.Unfortunately, it also brings with it a premium valuation for MA stock. Trading for 36.7x, it may seem pricey. Especially as it seems that, in time, fintech rivals will drain its economic moat, taking away its edge, and possibly its status as a “wonderful company.”Then again, concerns about it getting its lunch eaten by newer fintechs may be overblown. At least, that’s the view ofWeitz Investment Management. The asset management firm’s portfolio managers recently argued that both Mastercard and Visa operate“the rails over which electronic payments travel.”This leaves upstarts dependent on them in order to operate.It also gives the old school processors like this one an edge in terms of competing with them. The company is doing just that,via recent acquisitions. This may explain why MA stock has held up a lot better lately, as the market appreciates its incumbent status. It may also pave the way for the stock, which at around $374 per share is just under its all-time high, to continue climbing higher, its premium valuation notwithstanding.Paysafe Source: Sulastri Sulastri / Shutterstock.comA year ago, PSFE stock was in the catbird’s set, in a way. A payment processor for the online gambling industry, it appeared well-positioned to benefit from the explosion of legalized sportsbooks and online casinos in the U.S.It was also a SPAC stock. This resulted in a lot of attention from speculators, looking to “get rich” from the bubble that emerged last year in this once-arcane area of the market. Unfortunately, throughout 2021, its connection to both trends went from being a positive, to being a negative.First, the SPAC wipeout, which put shares on a downwards trajectory right from the start after its “deSPACing.” Then, the deflating of the sports betting bubble,plus downward revisions to its guidance, put it into freefall in November.The end result? Changing hands today for about $3.5 per share, it’s fallen more than 80% over the past year. The past twelve months have been tough for PSFE stock. Still, you may want to take a second look, following its beatdown. AsInvestorPlace’sDana Blankenhorn recently argued, the situation with the companycould change in the years ahead. It may get worse before it gets better, yet getting in today, and riding out volatility, shares could ultimately re-hit higher prices.PayPal Source: JHVEPhoto / Shutterstock.comYou can’t talk about fintech stocks without talking about PayPal. With the launch of its payments platform two decades back, it is a pioneer in this space. With a wide variety of financial service offerings for individuals and merchants, it controls a large piece of the digital segments market.The “digitization of money” trade, which kicked off at the start of the pandemic, resulted in PYPL stock going on a stunning run. Between spring of 2020, and last summer, it soared from around $100, to as much as $310.16 per share. Yet since July 2021, it’s taken a big dive.At around $120 per share today, it’s all but given back its gains over the past two years. The reasons for this are numerous. First, of course, the upcoming rate hikes have made investors less bullish on growth plays. Second,underwhelming quarterly results and outlookhave made the market more hesitant to give it a premium valuation.So, with so much bad news, which include it as a possible buy? There may be a silver lining to its recent troubles. The resultant price declines have pushed it to a much more reasonable valuation (26.9x). If its growth slowdown is not as bad as it looks, its recent big declines could reverse in time.SoFi Technologies Source: rafapress / Shutterstock.comAs the market has soured on fintech stocks, so too have they grown less enthusiastic about SOFI stock. As you may recall, the former SPAC looked like it was on the verge of making a comeback last fall. But between all the sentiment shifts and volatility experienced since then, it’s no surprise that shares have taken a sharp plunge over the past three months.Trading in the low-$20s per share in mid-November, today the digital-first financial supermarket trades for around $12 per share. Put simply, this may have been an overreaction. Not only does the continued rise of fintech bode well for it in the long-term. In the short-term, it may have a shot of making a recovery.Last week, I discussed how SOFI stock may be one of the best names to buy followingWall Street’s late January move into panic mode. Why? Now holding a banking charter, the company may be getting into traditional banking at the right time, as interest rates rise. This may give it a quicker path to the point of profitability.If SoFi Technologies gets out of the red, and keeps on seeing its platform expand (in terms of both revenue and users), the stock could get out of its recent slump. At the very least, make a partial recovery.Block Source: IgorGolovniov / Shutterstock.comLike with its rival PayPal, Block (formerly Square) has seen the crowd from being extremely in its favor, to extremely out of its favor. It hasn’t given back all of its pandemic era gains. Yet after falling around 60% over the past six months, to $109 per share, it pretty much has done just that.The crowd’s no longer on its side, butJPMorgan’s(NYSE:JPM) Tien-Tsin Huang doesn’t see this as a reason to avoid the stock. Instead, the sell-side analyst hasrecently rated shares a “buy,” with a $200 per share price target. Huang’s rationale? With the Afterpay deal now under its belt, integrating it with its existing operations could help boost gross profits.In the longer run, with its multitude of platforms (Square merchant services, CashApp and now Afterpay for customers), Block still stands to benefit greatly from the continued rise of fintech. Having said all this, valuation may remain a concern. The stock today trades for around 54x earnings.If rate hikes come in worse than expected, this rich valuation could see further compression. You may not want to jump into SQ stock right away. Keep this on your watchlist of fintech stocks, possibly buying it if it takes another major dive.Upstart Source: Postmodern Studio / Shutterstock.comLike SOFI, UPST stock is another fintech stock that could become a winner again well before 2032 arrives. Albeit, with a caveat. A rebound will only happen if upcoming rate hikes aren’t as severe as the most doom and gloom forecasts suggest.What do I mean? As I recently discussed, the upcoming rise in interest rates has resulted in severe multiple compression for shares in fast-growing tech companies. Yet in the case of Upstart, whose technology enables lenders to assess credit risk using artificial intelligence (AI), the compression may have been overdone.Unlike some other fintech/SaaS names, which have seen high revenue growth, but no profits,that’s not the case here with UPST stock. With the rapid adoption of its platform last year, the company’s top-line has skyrocketed, and it currently generates positive earnings.Although its rate of growth is slowing down (from 245.6% to 49.5%), it could see a big boost, if three rate hikes of 0.25% each are all we see from the Federal Reserve in 2022. If earnings hit the top end of projections, and rates stay low enough that this stock can sustain a P/E ratio of 101x? A move back to over $200 per share for this stock (currently just under $100 per share) may be achievable.Western Union Source: DW labs Incorporated/Shutterstock.comTo wrap up this gallery, let’s take a look at a name that really doesn’t appear to be a fintech play on the surface. I’ll concede that it’s far easier to make the “dinosaur” argument for Western Union than it is for Fiserv and Mastercard.Its name alone, harkening back to its 19th century roots as a telegraph company, suggests its not long for this more digitized financial world. Even so, before declaring that it’s done for in a world where crypto, payment apps, and other solutions make its money transfer business archaic, bear in mind it’staking active steps to stay relevantto changes in global fund remittance.That’s not to say it’ll pan out. After all, you can cite scores of old line companies whose attempts to adapt to chance were too little, too late. Yet with WU stock, trading for just 9.22x earnings, its secular decline is already priced-in. Perhaps, too priced-in.Even if it has just a limited amount of success with a digital transformation then it may be enough to help spark an outsized rebound for this cheaply priced stock. Yes, it’s more a deep value play than one of the other fintech stocks here. Even so, you may still want to consider buying it, as it stays at a fire sale price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096365580,"gmtCreate":1644309695841,"gmtModify":1676533911013,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096365580","repostId":"2209373307","repostType":2,"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9091234085,"gmtCreate":1643868314813,"gmtModify":1676533866008,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091234085","repostId":"1148099483","repostType":4,"repost":{"id":"1148099483","kind":"news","pubTimestamp":1643845161,"share":"https://ttm.financial/m/news/1148099483?lang=&edition=fundamental","pubTime":"2022-02-03 07:39","market":"us","language":"en","title":"If You Invested $1,000 In Google Stock After Last Stock Split, Here's How Much You'd Have Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1148099483","media":"Benzinga","summary":"A leading technology company is making headlines Wednesday after announcing quarterly earnings and a","content":"<html><head></head><body><p>A leading technology company is making headlines Wednesday after announcing quarterly earnings and announcing a stock split. Here’s how its last stock split paid off for investors.</p><p><a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> announced fourth-quarter revenue of $75.3 billion, up 32% year-over-year. The total came in ahead of a consensus estimate of $72.1 billion. The company also beat estimates for quarterly earnings per share with a total of $30.69 EPS. Search revenue hit $43.3 billion in the fourth quarter along with YouTube advertising revenue, which hit $8.6 billion.</p><p>The strong results from Alphabet led to shares to go higher in the after-hours trading session Tuesday.</p><p><b>Another reason for investor excitement was likely the announcement by the company of a stock split.</b></p><p>Alphabet announced it would do a 20-for-1 stock split, paid out as a one-time special stock dividend for Class A, Class B and Class C shares of the company.</p><p>If the stock split is approved, it will be effective with a record date of close of business on July 1, 2022. The dividend will be payable at the close of business on July 15, 2022.</p><p><b>The 2014 Stock Split:</b> The lastsplitdone by Alphabet was back in 2014 and is noted as one of the most controversial stock splits of the time.</p><p><b>Alphabet announced a stock split in 2012, but instead of a traditional stock split that awards additional shares of the same stock, the split was set to create a new class of shares.</b></p><p>The new class of shares (Class C) came with no voting power, something that led to a lawsuit by shareholders. The lawsuit was settled in 2013 with provisions put in place to reward shareholders if the gap between the value of Class A and Class C shares became too large.</p><p>On March 27, 2014, Alphabet split its shares with every shareholder getting a share of Class C for each Class A share they owned.</p><p><b>Share Performance:</b> Shares of GOOG (Class C) traded at a price of $566.44 on March 27, 2014, after the split took place.</p><p><b>A $1,000 investment at the time of the split could have purchased 1.77 shares of GOOG. The $1,000 investment would be worth $5,196.10 today based on a price of $2,935.65 at the time of writing.</b></p><p>Investors who bought shares of GOOG at the time of the last Google stock split have enjoyed a return of 420%, or around 52.5% annually for the past eight years.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If You Invested $1,000 In Google Stock After Last Stock Split, Here's How Much You'd Have Now</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\">\nIf You Invested $1,000 In Google Stock After Last Stock Split, Here's How Much You'd Have Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 07:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/22/02/25372028/if-you-invested-1-000-in-google-stock-after-last-stock-split-heres-how-much-youd-have-now><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A leading technology company is making headlines Wednesday after announcing quarterly earnings and announcing a stock split. Here’s how its last stock split paid off for investors.Alphabet announced ...</p>\n\n<a href=\"https://www.benzinga.com/news/22/02/25372028/if-you-invested-1-000-in-google-stock-after-last-stock-split-heres-how-much-youd-have-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.benzinga.com/news/22/02/25372028/if-you-invested-1-000-in-google-stock-after-last-stock-split-heres-how-much-youd-have-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148099483","content_text":"A leading technology company is making headlines Wednesday after announcing quarterly earnings and announcing a stock split. Here’s how its last stock split paid off for investors.Alphabet announced fourth-quarter revenue of $75.3 billion, up 32% year-over-year. The total came in ahead of a consensus estimate of $72.1 billion. The company also beat estimates for quarterly earnings per share with a total of $30.69 EPS. Search revenue hit $43.3 billion in the fourth quarter along with YouTube advertising revenue, which hit $8.6 billion.The strong results from Alphabet led to shares to go higher in the after-hours trading session Tuesday.Another reason for investor excitement was likely the announcement by the company of a stock split.Alphabet announced it would do a 20-for-1 stock split, paid out as a one-time special stock dividend for Class A, Class B and Class C shares of the company.If the stock split is approved, it will be effective with a record date of close of business on July 1, 2022. The dividend will be payable at the close of business on July 15, 2022.The 2014 Stock Split: The lastsplitdone by Alphabet was back in 2014 and is noted as one of the most controversial stock splits of the time.Alphabet announced a stock split in 2012, but instead of a traditional stock split that awards additional shares of the same stock, the split was set to create a new class of shares.The new class of shares (Class C) came with no voting power, something that led to a lawsuit by shareholders. The lawsuit was settled in 2013 with provisions put in place to reward shareholders if the gap between the value of Class A and Class C shares became too large.On March 27, 2014, Alphabet split its shares with every shareholder getting a share of Class C for each Class A share they owned.Share Performance: Shares of GOOG (Class C) traded at a price of $566.44 on March 27, 2014, after the split took place.A $1,000 investment at the time of the split could have purchased 1.77 shares of GOOG. The $1,000 investment would be worth $5,196.10 today based on a price of $2,935.65 at the time of writing.Investors who bought shares of GOOG at the time of the last Google stock split have enjoyed a return of 420%, or around 52.5% annually for the past eight years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093773040,"gmtCreate":1643722425676,"gmtModify":1676533848379,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093773040","repostId":"1140126482","repostType":4,"repost":{"id":"1140126482","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643720446,"share":"https://ttm.financial/m/news/1140126482?lang=&edition=fundamental","pubTime":"2022-02-01 21:00","market":"us","language":"en","title":"Pre-Bell｜U.S. stock index futures eased on Tuesday;  AMC preliminary Q4 revenue tops consensus","url":"https://stock-news.laohu8.com/highlight/detail?id=1140126482","media":"Tiger Newspress","summary":"U.S. stock index futures eased on Tuesday ahead of data on manufacturing activity and job openings.M","content":"<html><head></head><body><p>U.S. stock index futures eased on Tuesday ahead of data on manufacturing activity and job openings.</p><p><b>Market Snapshot</b></p><p>At 8 a.m. ET, Dow e-minis were down 31 points, or 0.09%, S&amp;P 500 e-minis were down 5.75 points, or 0.13%, and Nasdaq 100 e-minis were up 24.5 points, or 0.16%.</p><p><img src=\"https://static.tigerbbs.com/aeb5882814fcd06929c4b3a29ec0d7a8\" tg-width=\"959\" tg-height=\"314\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-Market Movers</b></p><p><a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a> (T) – AT&amp;T announced plans to spin off its stake in the WarnerMedia/Discovery Communications(DISCA) combination to its shareholders when that merger is completed later this year. Shareholders will receive 0.24 shares of Warner Brothers Discovery for each AT&amp;T share they now own. AT&amp;T also said it would pay an annual dividend of $1.11 per share after the deal is complete, compared to the current $2.08. AT&amp;T fell 3.5% in the premarket.</p><p><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> (AMC) – The movie theater operator’s stock rallied 12% in the premarket after announcing better than expected preliminary results for the fourth quarter. AMC said its results improved as 2021 progressed and that the quarter was its strongest in two years.</p><p><a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a> (UPS) – UPS shares surged 7.4% in the premarket after beating estimates with its quarterly results, issuing upbeat guidance and announcing a 49% dividend increase. UPS earned an adjusted $3.59 per share for the fourth quarter, compared to a consensus estimate of $3.10. Following the upbeat UPS results, rival Fedex (FDX) added 2.5% in the premarket.</p><p><a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a> (XOM) – The energy giant earned $2.05 per share for the fourth quarter, beating the $1.93 consensus estimate, though revenue fell below Wall Street forecasts. Exxon gained 1.3% in the premarket.</p><p><a href=\"https://laohu8.com/S/SIRI\">Sirius XM</a> (SIRI) – The satellite radio and streaming audio service beat estimates by a penny a share, with quarterly earnings of 8 cents per share. Revenue came in above forecasts as well. Sirius XM announced a special dividend of 25 cents per share, and the stock rose 1% in premarket trading.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS Group AG</a> (UBS) – UBS shares jumped 6.2% in premarket trading after the Zurich-based bank reported its best annual profit since 2006 and announced plans to increase its dividend as well its boost its share buyback program.</p><p><a href=\"https://laohu8.com/S/CRUS\">Cirrus Logic</a> (CRUS) – Cirrus Logic reported adjusted quarterly earnings of $2.54 per share, 40 cents above estimates, with the semiconductor company’s revenue above estimates as well. Cirrus also issued stronger than expected current-quarter revenue guidance, but the shares slid 4.1% in the premarket.</p><p><a href=\"https://laohu8.com/S/NYT\">New York Times</a> (NYT) – The newspaper publisher announced a deal to buy the popular daily word game Wordle for an unspecified amount that the paper said is “in the low seven figures.” The Times will eventually move the game to its website and apps. New York Times fell 1.3% in premarket trading.</p><p><a href=\"https://laohu8.com/S/PFE\">Pfizer</a> (PFE),<a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> (BNTX) – The drugmakers may file as soon as today for permission to use their Covid-19 vaccine for children under the age of 5, according to people familiar with the discussions who spoke to The New York Times. Emergency use authorization could come as soon as the end of February. BioNTech added 3.6% in the premarket while Pfizer was little changed.</p><p><a href=\"https://laohu8.com/S/SANM\">Sanmina</a> (SANM) – Sanmina jumped 4.7% in premarket action after the diversified manufacturer reported better-than-expected quarterly earnings and issued an upbeat current-quarter forecast. Sanmina saw growth across a variety of segments, including industrial, medical, defense and automotive.</p><p><b>Market News</b></p><p>India&#39;s finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology.</p><p>The United States anti-trust review of Microsoft&#39;s proposed US$69 billion (S$93.2 billion) acquisition of Activision Blizzard will be handled by the Federal Trade Commission (FTC), according to a person familiar with the matter, putting the deal in the hands of an agency that has vowed more aggressive policing of deals.</p><p>Nomura Holdings Inc, Japan&#39;s biggest brokerage and investment bank, reported on Tuesday a 38.7% drop in third-quarter net profit as the pandemic-era trading boom waned.</p><p>NIO delivered 9,652 vehicles in January 2022, representing an increase of 33.6% year-over-year. The deliveries consisted of 1,531 ES8s, the Company’s six- or seven-seater flagship premium smart electric SUV, 5,247 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 2,874 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of January 31, 2022, cumulative deliveries of the ES8, ES6 and EC6 reached 176,722 vehicles.</p><p>Li Auto delivered 12,268 Li ONEs in January 2022, representing an increase of 128.1% Y/Y, but down 12.9% from December 2021 deliveries of 14,087 units.</p><p>XPeng maintains strong momentum with monthly deliveries in January 2022 of 12,922 Smart EVs, representing an increase of 115% Y/Y, demonstrating the Company’s solid business momentum and execution capability and exceeding the monthly delivery benchmark of 10,000 units for the fifth consecutive month.</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>Pre-Bell｜U.S. stock index futures eased on Tuesday;  AMC preliminary Q4 revenue tops consensus</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\">\nPre-Bell｜U.S. stock index futures eased on Tuesday;  AMC preliminary Q4 revenue tops consensus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-01 21:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures eased on Tuesday ahead of data on manufacturing activity and job openings.</p><p><b>Market Snapshot</b></p><p>At 8 a.m. ET, Dow e-minis were down 31 points, or 0.09%, S&amp;P 500 e-minis were down 5.75 points, or 0.13%, and Nasdaq 100 e-minis were up 24.5 points, or 0.16%.</p><p><img src=\"https://static.tigerbbs.com/aeb5882814fcd06929c4b3a29ec0d7a8\" tg-width=\"959\" tg-height=\"314\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-Market Movers</b></p><p><a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a> (T) – AT&amp;T announced plans to spin off its stake in the WarnerMedia/Discovery Communications(DISCA) combination to its shareholders when that merger is completed later this year. Shareholders will receive 0.24 shares of Warner Brothers Discovery for each AT&amp;T share they now own. AT&amp;T also said it would pay an annual dividend of $1.11 per share after the deal is complete, compared to the current $2.08. AT&amp;T fell 3.5% in the premarket.</p><p><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> (AMC) – The movie theater operator’s stock rallied 12% in the premarket after announcing better than expected preliminary results for the fourth quarter. AMC said its results improved as 2021 progressed and that the quarter was its strongest in two years.</p><p><a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a> (UPS) – UPS shares surged 7.4% in the premarket after beating estimates with its quarterly results, issuing upbeat guidance and announcing a 49% dividend increase. UPS earned an adjusted $3.59 per share for the fourth quarter, compared to a consensus estimate of $3.10. Following the upbeat UPS results, rival Fedex (FDX) added 2.5% in the premarket.</p><p><a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a> (XOM) – The energy giant earned $2.05 per share for the fourth quarter, beating the $1.93 consensus estimate, though revenue fell below Wall Street forecasts. Exxon gained 1.3% in the premarket.</p><p><a href=\"https://laohu8.com/S/SIRI\">Sirius XM</a> (SIRI) – The satellite radio and streaming audio service beat estimates by a penny a share, with quarterly earnings of 8 cents per share. Revenue came in above forecasts as well. Sirius XM announced a special dividend of 25 cents per share, and the stock rose 1% in premarket trading.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS Group AG</a> (UBS) – UBS shares jumped 6.2% in premarket trading after the Zurich-based bank reported its best annual profit since 2006 and announced plans to increase its dividend as well its boost its share buyback program.</p><p><a href=\"https://laohu8.com/S/CRUS\">Cirrus Logic</a> (CRUS) – Cirrus Logic reported adjusted quarterly earnings of $2.54 per share, 40 cents above estimates, with the semiconductor company’s revenue above estimates as well. Cirrus also issued stronger than expected current-quarter revenue guidance, but the shares slid 4.1% in the premarket.</p><p><a href=\"https://laohu8.com/S/NYT\">New York Times</a> (NYT) – The newspaper publisher announced a deal to buy the popular daily word game Wordle for an unspecified amount that the paper said is “in the low seven figures.” The Times will eventually move the game to its website and apps. New York Times fell 1.3% in premarket trading.</p><p><a href=\"https://laohu8.com/S/PFE\">Pfizer</a> (PFE),<a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> (BNTX) – The drugmakers may file as soon as today for permission to use their Covid-19 vaccine for children under the age of 5, according to people familiar with the discussions who spoke to The New York Times. Emergency use authorization could come as soon as the end of February. BioNTech added 3.6% in the premarket while Pfizer was little changed.</p><p><a href=\"https://laohu8.com/S/SANM\">Sanmina</a> (SANM) – Sanmina jumped 4.7% in premarket action after the diversified manufacturer reported better-than-expected quarterly earnings and issued an upbeat current-quarter forecast. Sanmina saw growth across a variety of segments, including industrial, medical, defense and automotive.</p><p><b>Market News</b></p><p>India&#39;s finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology.</p><p>The United States anti-trust review of Microsoft&#39;s proposed US$69 billion (S$93.2 billion) acquisition of Activision Blizzard will be handled by the Federal Trade Commission (FTC), according to a person familiar with the matter, putting the deal in the hands of an agency that has vowed more aggressive policing of deals.</p><p>Nomura Holdings Inc, Japan&#39;s biggest brokerage and investment bank, reported on Tuesday a 38.7% drop in third-quarter net profit as the pandemic-era trading boom waned.</p><p>NIO delivered 9,652 vehicles in January 2022, representing an increase of 33.6% year-over-year. The deliveries consisted of 1,531 ES8s, the Company’s six- or seven-seater flagship premium smart electric SUV, 5,247 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 2,874 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of January 31, 2022, cumulative deliveries of the ES8, ES6 and EC6 reached 176,722 vehicles.</p><p>Li Auto delivered 12,268 Li ONEs in January 2022, representing an increase of 128.1% Y/Y, but down 12.9% from December 2021 deliveries of 14,087 units.</p><p>XPeng maintains strong momentum with monthly deliveries in January 2022 of 12,922 Smart EVs, representing an increase of 115% Y/Y, demonstrating the Company’s solid business momentum and execution capability and exceeding the monthly delivery benchmark of 10,000 units for the fifth consecutive month.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140126482","content_text":"U.S. stock index futures eased on Tuesday ahead of data on manufacturing activity and job openings.Market SnapshotAt 8 a.m. ET, Dow e-minis were down 31 points, or 0.09%, S&P 500 e-minis were down 5.75 points, or 0.13%, and Nasdaq 100 e-minis were up 24.5 points, or 0.16%.Pre-Market MoversAT&T Inc (T) – AT&T announced plans to spin off its stake in the WarnerMedia/Discovery Communications(DISCA) combination to its shareholders when that merger is completed later this year. Shareholders will receive 0.24 shares of Warner Brothers Discovery for each AT&T share they now own. AT&T also said it would pay an annual dividend of $1.11 per share after the deal is complete, compared to the current $2.08. AT&T fell 3.5% in the premarket.AMC Entertainment (AMC) – The movie theater operator’s stock rallied 12% in the premarket after announcing better than expected preliminary results for the fourth quarter. AMC said its results improved as 2021 progressed and that the quarter was its strongest in two years.United Parcel Service Inc (UPS) – UPS shares surged 7.4% in the premarket after beating estimates with its quarterly results, issuing upbeat guidance and announcing a 49% dividend increase. UPS earned an adjusted $3.59 per share for the fourth quarter, compared to a consensus estimate of $3.10. Following the upbeat UPS results, rival Fedex (FDX) added 2.5% in the premarket.Exxon Mobil (XOM) – The energy giant earned $2.05 per share for the fourth quarter, beating the $1.93 consensus estimate, though revenue fell below Wall Street forecasts. Exxon gained 1.3% in the premarket.Sirius XM (SIRI) – The satellite radio and streaming audio service beat estimates by a penny a share, with quarterly earnings of 8 cents per share. Revenue came in above forecasts as well. Sirius XM announced a special dividend of 25 cents per share, and the stock rose 1% in premarket trading.UBS Group AG (UBS) – UBS shares jumped 6.2% in premarket trading after the Zurich-based bank reported its best annual profit since 2006 and announced plans to increase its dividend as well its boost its share buyback program.Cirrus Logic (CRUS) – Cirrus Logic reported adjusted quarterly earnings of $2.54 per share, 40 cents above estimates, with the semiconductor company’s revenue above estimates as well. Cirrus also issued stronger than expected current-quarter revenue guidance, but the shares slid 4.1% in the premarket.New York Times (NYT) – The newspaper publisher announced a deal to buy the popular daily word game Wordle for an unspecified amount that the paper said is “in the low seven figures.” The Times will eventually move the game to its website and apps. New York Times fell 1.3% in premarket trading.Pfizer (PFE),BioNTech SE (BNTX) – The drugmakers may file as soon as today for permission to use their Covid-19 vaccine for children under the age of 5, according to people familiar with the discussions who spoke to The New York Times. Emergency use authorization could come as soon as the end of February. BioNTech added 3.6% in the premarket while Pfizer was little changed.Sanmina (SANM) – Sanmina jumped 4.7% in premarket action after the diversified manufacturer reported better-than-expected quarterly earnings and issued an upbeat current-quarter forecast. Sanmina saw growth across a variety of segments, including industrial, medical, defense and automotive.Market NewsIndia's finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology.The United States anti-trust review of Microsoft's proposed US$69 billion (S$93.2 billion) acquisition of Activision Blizzard will be handled by the Federal Trade Commission (FTC), according to a person familiar with the matter, putting the deal in the hands of an agency that has vowed more aggressive policing of deals.Nomura Holdings Inc, Japan's biggest brokerage and investment bank, reported on Tuesday a 38.7% drop in third-quarter net profit as the pandemic-era trading boom waned.NIO delivered 9,652 vehicles in January 2022, representing an increase of 33.6% year-over-year. The deliveries consisted of 1,531 ES8s, the Company’s six- or seven-seater flagship premium smart electric SUV, 5,247 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 2,874 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of January 31, 2022, cumulative deliveries of the ES8, ES6 and EC6 reached 176,722 vehicles.Li Auto delivered 12,268 Li ONEs in January 2022, representing an increase of 128.1% Y/Y, but down 12.9% from December 2021 deliveries of 14,087 units.XPeng maintains strong momentum with monthly deliveries in January 2022 of 12,922 Smart EVs, representing an increase of 115% Y/Y, demonstrating the Company’s solid business momentum and execution capability and exceeding the monthly delivery benchmark of 10,000 units for the fifth consecutive month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099799518,"gmtCreate":1643421470574,"gmtModify":1676533818960,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099799518","repostId":"2207811808","repostType":4,"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099174840,"gmtCreate":1643327090161,"gmtModify":1676533804209,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"gd","listText":"gd","text":"gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099174840","repostId":"2206412188","repostType":4,"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099937507,"gmtCreate":1643288907186,"gmtModify":1676533797050,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099937507","repostId":"1195638889","repostType":4,"repost":{"id":"1195638889","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643290624,"share":"https://ttm.financial/m/news/1195638889?lang=&edition=fundamental","pubTime":"2022-01-27 21:37","market":"us","language":"en","title":"Pre-Bell｜Futures Rebound; AMD's $35 bln Deal for Xilinx Approved","url":"https://stock-news.laohu8.com/highlight/detail?id=1195638889","media":"Tiger Newspress","summary":"Wall Street futures treaded water on Thursday, following hawkish comments from the Federal Reserve i","content":"<html><head></head><body><p>Wall Street futures treaded water on Thursday, following hawkish comments from the Federal Reserve in the previous session, while attention turned to quarterly results from growth companies and final quarter GDP data.</p><p>The U.S. economy grew at a much better than expected pace to end 2021 though the acceleration likely tailed off as the omicron spread put a damper on hiring and further hindered the global supply chain.</p><p>Gross domestic product, the sum of all goods and services produced during the October-through-December period, increased at a 6.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had been looking for a gain of 5.5%.</p><p><b>Market Snapshot</b></p><p>At 9:00 a.m. ET, Dow e-minis were up 183 points, or 0.54%, S&amp;P 500 e-minis were up 35.25 points, or 0.81%, and Nasdaq 100 e-minis were up 147 points, or 1.04%.</p><p><img src=\"https://static.tigerbbs.com/b9bdbf49a3a732068a209c5e8e22e7ce\" tg-width=\"374\" tg-height=\"159\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-Market Movers</b></p><p>Comcast(CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with revenue also above analyst forecasts. Comcast also announced an 8% dividend hike and increased its share buyback program to $10 billion. Comcast rose 1.1% in premarket trading.</p><p>McDonald’s(MCD) – McDonald’s fell 2% in the premarket after missing top and bottom-line estimates for the fourth quarter. The restaurant operator fell 11 cents shy of consensus with adjusted quarterly earnings of $2.23 per share, hurt by higher expenses.</p><p>Blackstone(BX) – The private equity firm’s stock jumped 4% in premarket trading after reporting a better-than-expected quarterly profit. Blackstone reported distributable earnings per share of $1.71, compared with a consensus estimate of $1.37, thanks to strong investment performance and record cash inflows.</p><p>Netflix(NFLX) – Investor William Ackman’s Pershing Square bought 3.1 million shares of the video streaming service, saying a recent sell-off in Netflix shares presented an attractive buying opportunity. Netflix gained 4.5% in the premarket.</p><p>Tractor Supply(TSCO) – The home improvement and farm supplies retailer reported better-than-expected earnings and revenue for the fourth quarter, raised its quarterly dividend by 77%, and increased its stock buyback program by $2 billion. The stock rallied 3.8% in the premarket.</p><p>Tesla(TSLA) – Tesla reported an adjusted quarterly profit of $2.54 per share, 18 cents above estimates, with revenue also topping Wall Street forecasts. Tesla said it would not introduce any new models this year – including its Cybertruck – as it prioritizes deliveries in the wake of ongoing supply chain issues. Tesla fell 1.2% in premarket action.</p><p>Intel(INTC) – Intel beat estimates by 18 cents with adjusted quarterly earnings of $1.09 per share and revenue above analyst estimates. Overall profit was down from a year earlier, as the chipmaker ramped up spending on new production facilities and products, and the stock fell 3.3% in premarket trading.</p><p>Levi Strauss(LEVI) – Levi Strauss surged 8.3% in the premarket after the apparel company issued an upbeat annual forecast amid strong demand for its jeans and jackets. Levi Strauss beat estimates on the top and bottom lines for the fourth quarter, earning an adjusted 41 cents per share, one cent above estimates.</p><p>LendingClub(LC) – LendingClub shares plunged 15.6% in the premarket despite beating top and bottom-line estimates for its latest quarter, as it issued a weaker-than-expected full-year forecast.</p><p>Lam Research(LRCX) – Lam Research beat estimates by 2 cents with adjusted quarterly earnings of $8.53 per share. However, the chipmaker’s revenue missed estimates and it issued a weaker-than-expected quarterly forecast amid continuing supply chain issues. Lam shares declined 5.3% in premarket trading.</p><p>Seagate Technology(STX) – Seagate Technology jumped 8% in premarket action after the disk drive maker issued an upbeat forecast and raised its long-term profit margin target.</p><p><b>Market News</b></p><p>China&#39;s market regulator said on Thursday it had conditionally approved <b>Advanced Micro Devices</b> Inc&#39;s (AMD.O) $35 billion all-stock deal for peer<b> Xilinx</b> (XLNX.O).</p><p><b>Tesla</b> Inc has delayed production of its much-awaited Cybertruck, aiming to start in 2023, chief executive Elon Musk said on Wednesday, at a time when rivals are doubling down on efforts to capture the lucrative market.</p><p><b>Facebook’</b>s ambitious effort to bring cryptocurrency to the masses has failed. The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a small California bank that serves bitcoin and blockchain companies for about $200 million, a person familiar with the matter said.</p><p><b>Deutsche Bank</b> delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing&#39;s hand as he fine tunes a new strategy and targets for the years ahead in March.</p><p><b>Tencent </b>Holdings Ltd plans to take <b>DouYu</b> International Holdings Ltd private amid disagreements over strategy among executives at the Chinese videogame streaming firm, two people with direct knowledge of the matter said.</p><p>Traders are boosting bets for higher borrowing costs, with money markets now expecting five interest-rate increases from the Federal Reserve this year and another four from the Bank of England.</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>Pre-Bell｜Futures Rebound; AMD's $35 bln Deal for Xilinx Approved</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; 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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\">\nPre-Bell｜Futures Rebound; AMD's $35 bln Deal for Xilinx Approved\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\">2022-01-27 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street futures treaded water on Thursday, following hawkish comments from the Federal Reserve in the previous session, while attention turned to quarterly results from growth companies and final quarter GDP data.</p><p>The U.S. economy grew at a much better than expected pace to end 2021 though the acceleration likely tailed off as the omicron spread put a damper on hiring and further hindered the global supply chain.</p><p>Gross domestic product, the sum of all goods and services produced during the October-through-December period, increased at a 6.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had been looking for a gain of 5.5%.</p><p><b>Market Snapshot</b></p><p>At 9:00 a.m. ET, Dow e-minis were up 183 points, or 0.54%, S&amp;P 500 e-minis were up 35.25 points, or 0.81%, and Nasdaq 100 e-minis were up 147 points, or 1.04%.</p><p><img src=\"https://static.tigerbbs.com/b9bdbf49a3a732068a209c5e8e22e7ce\" tg-width=\"374\" tg-height=\"159\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-Market Movers</b></p><p>Comcast(CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with revenue also above analyst forecasts. Comcast also announced an 8% dividend hike and increased its share buyback program to $10 billion. Comcast rose 1.1% in premarket trading.</p><p>McDonald’s(MCD) – McDonald’s fell 2% in the premarket after missing top and bottom-line estimates for the fourth quarter. The restaurant operator fell 11 cents shy of consensus with adjusted quarterly earnings of $2.23 per share, hurt by higher expenses.</p><p>Blackstone(BX) – The private equity firm’s stock jumped 4% in premarket trading after reporting a better-than-expected quarterly profit. Blackstone reported distributable earnings per share of $1.71, compared with a consensus estimate of $1.37, thanks to strong investment performance and record cash inflows.</p><p>Netflix(NFLX) – Investor William Ackman’s Pershing Square bought 3.1 million shares of the video streaming service, saying a recent sell-off in Netflix shares presented an attractive buying opportunity. Netflix gained 4.5% in the premarket.</p><p>Tractor Supply(TSCO) – The home improvement and farm supplies retailer reported better-than-expected earnings and revenue for the fourth quarter, raised its quarterly dividend by 77%, and increased its stock buyback program by $2 billion. The stock rallied 3.8% in the premarket.</p><p>Tesla(TSLA) – Tesla reported an adjusted quarterly profit of $2.54 per share, 18 cents above estimates, with revenue also topping Wall Street forecasts. Tesla said it would not introduce any new models this year – including its Cybertruck – as it prioritizes deliveries in the wake of ongoing supply chain issues. Tesla fell 1.2% in premarket action.</p><p>Intel(INTC) – Intel beat estimates by 18 cents with adjusted quarterly earnings of $1.09 per share and revenue above analyst estimates. Overall profit was down from a year earlier, as the chipmaker ramped up spending on new production facilities and products, and the stock fell 3.3% in premarket trading.</p><p>Levi Strauss(LEVI) – Levi Strauss surged 8.3% in the premarket after the apparel company issued an upbeat annual forecast amid strong demand for its jeans and jackets. Levi Strauss beat estimates on the top and bottom lines for the fourth quarter, earning an adjusted 41 cents per share, one cent above estimates.</p><p>LendingClub(LC) – LendingClub shares plunged 15.6% in the premarket despite beating top and bottom-line estimates for its latest quarter, as it issued a weaker-than-expected full-year forecast.</p><p>Lam Research(LRCX) – Lam Research beat estimates by 2 cents with adjusted quarterly earnings of $8.53 per share. However, the chipmaker’s revenue missed estimates and it issued a weaker-than-expected quarterly forecast amid continuing supply chain issues. Lam shares declined 5.3% in premarket trading.</p><p>Seagate Technology(STX) – Seagate Technology jumped 8% in premarket action after the disk drive maker issued an upbeat forecast and raised its long-term profit margin target.</p><p><b>Market News</b></p><p>China&#39;s market regulator said on Thursday it had conditionally approved <b>Advanced Micro Devices</b> Inc&#39;s (AMD.O) $35 billion all-stock deal for peer<b> Xilinx</b> (XLNX.O).</p><p><b>Tesla</b> Inc has delayed production of its much-awaited Cybertruck, aiming to start in 2023, chief executive Elon Musk said on Wednesday, at a time when rivals are doubling down on efforts to capture the lucrative market.</p><p><b>Facebook’</b>s ambitious effort to bring cryptocurrency to the masses has failed. The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a small California bank that serves bitcoin and blockchain companies for about $200 million, a person familiar with the matter said.</p><p><b>Deutsche Bank</b> delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing&#39;s hand as he fine tunes a new strategy and targets for the years ahead in March.</p><p><b>Tencent </b>Holdings Ltd plans to take <b>DouYu</b> International Holdings Ltd private amid disagreements over strategy among executives at the Chinese videogame streaming firm, two people with direct knowledge of the matter said.</p><p>Traders are boosting bets for higher borrowing costs, with money markets now expecting five interest-rate increases from the Federal Reserve this year and another four from the Bank of England.</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":"1195638889","content_text":"Wall Street futures treaded water on Thursday, following hawkish comments from the Federal Reserve in the previous session, while attention turned to quarterly results from growth companies and final quarter GDP data.The U.S. economy grew at a much better than expected pace to end 2021 though the acceleration likely tailed off as the omicron spread put a damper on hiring and further hindered the global supply chain.Gross domestic product, the sum of all goods and services produced during the October-through-December period, increased at a 6.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had been looking for a gain of 5.5%.Market SnapshotAt 9:00 a.m. ET, Dow e-minis were up 183 points, or 0.54%, S&P 500 e-minis were up 35.25 points, or 0.81%, and Nasdaq 100 e-minis were up 147 points, or 1.04%.Pre-Market MoversComcast(CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with revenue also above analyst forecasts. Comcast also announced an 8% dividend hike and increased its share buyback program to $10 billion. Comcast rose 1.1% in premarket trading.McDonald’s(MCD) – McDonald’s fell 2% in the premarket after missing top and bottom-line estimates for the fourth quarter. The restaurant operator fell 11 cents shy of consensus with adjusted quarterly earnings of $2.23 per share, hurt by higher expenses.Blackstone(BX) – The private equity firm’s stock jumped 4% in premarket trading after reporting a better-than-expected quarterly profit. Blackstone reported distributable earnings per share of $1.71, compared with a consensus estimate of $1.37, thanks to strong investment performance and record cash inflows.Netflix(NFLX) – Investor William Ackman’s Pershing Square bought 3.1 million shares of the video streaming service, saying a recent sell-off in Netflix shares presented an attractive buying opportunity. Netflix gained 4.5% in the premarket.Tractor Supply(TSCO) – The home improvement and farm supplies retailer reported better-than-expected earnings and revenue for the fourth quarter, raised its quarterly dividend by 77%, and increased its stock buyback program by $2 billion. The stock rallied 3.8% in the premarket.Tesla(TSLA) – Tesla reported an adjusted quarterly profit of $2.54 per share, 18 cents above estimates, with revenue also topping Wall Street forecasts. Tesla said it would not introduce any new models this year – including its Cybertruck – as it prioritizes deliveries in the wake of ongoing supply chain issues. Tesla fell 1.2% in premarket action.Intel(INTC) – Intel beat estimates by 18 cents with adjusted quarterly earnings of $1.09 per share and revenue above analyst estimates. Overall profit was down from a year earlier, as the chipmaker ramped up spending on new production facilities and products, and the stock fell 3.3% in premarket trading.Levi Strauss(LEVI) – Levi Strauss surged 8.3% in the premarket after the apparel company issued an upbeat annual forecast amid strong demand for its jeans and jackets. Levi Strauss beat estimates on the top and bottom lines for the fourth quarter, earning an adjusted 41 cents per share, one cent above estimates.LendingClub(LC) – LendingClub shares plunged 15.6% in the premarket despite beating top and bottom-line estimates for its latest quarter, as it issued a weaker-than-expected full-year forecast.Lam Research(LRCX) – Lam Research beat estimates by 2 cents with adjusted quarterly earnings of $8.53 per share. However, the chipmaker’s revenue missed estimates and it issued a weaker-than-expected quarterly forecast amid continuing supply chain issues. Lam shares declined 5.3% in premarket trading.Seagate Technology(STX) – Seagate Technology jumped 8% in premarket action after the disk drive maker issued an upbeat forecast and raised its long-term profit margin target.Market NewsChina's market regulator said on Thursday it had conditionally approved Advanced Micro Devices Inc's (AMD.O) $35 billion all-stock deal for peer Xilinx (XLNX.O).Tesla Inc has delayed production of its much-awaited Cybertruck, aiming to start in 2023, chief executive Elon Musk said on Wednesday, at a time when rivals are doubling down on efforts to capture the lucrative market.Facebook’s ambitious effort to bring cryptocurrency to the masses has failed. The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a small California bank that serves bitcoin and blockchain companies for about $200 million, a person familiar with the matter said.Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing's hand as he fine tunes a new strategy and targets for the years ahead in March.Tencent Holdings Ltd plans to take DouYu International Holdings Ltd private amid disagreements over strategy among executives at the Chinese videogame streaming firm, two people with direct knowledge of the matter said.Traders are boosting bets for higher borrowing costs, with money markets now expecting five interest-rate increases from the Federal Reserve this year and another four from the Bank of England.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9090216799,"gmtCreate":1643195026069,"gmtModify":1676533783673,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"🤑","listText":"🤑","text":"🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090216799","repostId":"1107872846","repostType":4,"repost":{"id":"1107872846","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643190439,"share":"https://ttm.financial/m/news/1107872846?lang=&edition=fundamental","pubTime":"2022-01-26 17:47","market":"us","language":"en","title":"FOMC Preview：Fed Not Expected to Raise Interest Rates This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1107872846","media":"Tiger Newspress","summary":"All eyes are currently on the Fed, which is releasing its monetary policy decision Wednesday. Market","content":"<html><head></head><body><p>All eyes are currently on the Fed, which is releasing its monetary policy decision Wednesday. Markets are anticipating several interest rate increases this year, but will be hanging on the words of Fed Chair Jerome Powell to see just how many.</p><p>The FOMC decision is due at 2 p.m. ET on Wednesday, followed by Powell’s press conference at 2:30 p.m. ET.</p><p><b>Anticipation:</b></p><p>Anticipation over a pullback in Federal Reserve stimulus has markets rolling, setting the stage for what could be a pivotal central bank policy-setting meeting this week.</p><p>Although the Fed has signaled it will very likely raise rates multiple times this year, the first post-COVID rate increase is not expected this week. Instead, the policy-setting Federal Open Market Committee will likely tease higher rates coming in its March meeting.</p><p>“It really is time for us to begin to move away from those emergency pandemic settings to a more normal level,” Fed Chairman Jerome Powell told Congress two weeks ago, adding that “2022 will be the year in which we take steps toward normalization.”</p><p>Moving away from those settings would involve raising the federal funds rate, the benchmark for short-term borrowing costs that the Federal Open Market Committee sets every six weeks. That rate has been set at near zero since the depths of the pandemic.</p><p>Raising those rates, also referred to as “tightening policy,” could dampen the rapid pace of inflation felt by Americans across the board.</p><p>“March is a live meeting for the first rate hike,” said Fed Governor Christopher Waller in December.</p><p>Directionally, nearly all members of the policy-setting Federal Open Market Committee have suggested they favor using higher rates to bring inflation down (even the more “dovish” officials who have historically pushed back against tighter policy options). But there is considerable uncertainty about how aggressively they would do so.</p><p>For example, betting markets show the largest probability — about 31% — for four interest rate increases (25 basis points each) by the end of this year. But those same markets are pricing in decent odds of the Fed tightening a little bit slower (three rate hikes: 26% chance) as they are for the Fed tightening a little bit faster (five rate hikes: 20% chance).</p><p>Either way, the Fed is making it clear that come the March meeting, FOMC decision days that follow are all fair game for more tightening.</p><p><b>Market Views:</b></p><p>“We see a risk that the FOMC will want to take some tightening action at every meeting until that picture changes,” Goldman Sachs analysts wrote on Friday.</p><p>With prices rising at a pace not seen in nearly 40 years, the Fed may have opted to raise rates this week if it were not for one reason: its $9 trillion balance sheet.</p><p>The Fed is still in the process of bringing its pandemic-era policy of growing its massive balance sheet to a full stop. In December, the FOMC charted a course for ending its purchases of U.S. Treasuries and agency mortgage-backed securities (aimed at messaging to markets its intention to keep borrowing costs low) by mid-March.</p><p>Raising interest rates while the Fed is still buying bonds could send mixed messages to markets, which is why Fed officials have made it clear they would not raise interest rates until that process is done.</p><p>As the Fed raises interest rates, the FOMC will then likely turn its attention to actively shrinking its balance sheet — by allowing maturing securities to roll off of its books.</p><p>“We probably will decide to start reducing the balance sheet sooner rather than later,” Chicago Fed President Charles Evans told reporters on Jan. 13.</p><p>Doing so could allow the Fed to quell inflation with fewer rate hikes, since shrinking its asset holdings should have the effect of tilting higher longer-term interest rates (which it does not directly control as well as short-term rates).</p><p>The conversation over how to handle any balance sheet runoff will likely pick up steam in this week’s meeting.</p><p><b>Market Snapshot</b></p><p>At 04:46 a.m. ET, Dow e-minis were up 364 points, or 1.06%, S&amp;P 500 e-minis were up 60.75 points, or 1.40%, and Nasdaq 100 e-minis were up 294.50 points, or 2.08%.</p><p><img src=\"https://static.tigerbbs.com/6daf636636fcead334fc0cd35746e9a2\" tg-width=\"372\" tg-height=\"159\" 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>FOMC Preview：Fed Not Expected to Raise Interest Rates This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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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\">\nFOMC Preview：Fed Not Expected to Raise Interest Rates This Week\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\">2022-01-26 17:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>All eyes are currently on the Fed, which is releasing its monetary policy decision Wednesday. Markets are anticipating several interest rate increases this year, but will be hanging on the words of Fed Chair Jerome Powell to see just how many.</p><p>The FOMC decision is due at 2 p.m. ET on Wednesday, followed by Powell’s press conference at 2:30 p.m. ET.</p><p><b>Anticipation:</b></p><p>Anticipation over a pullback in Federal Reserve stimulus has markets rolling, setting the stage for what could be a pivotal central bank policy-setting meeting this week.</p><p>Although the Fed has signaled it will very likely raise rates multiple times this year, the first post-COVID rate increase is not expected this week. Instead, the policy-setting Federal Open Market Committee will likely tease higher rates coming in its March meeting.</p><p>“It really is time for us to begin to move away from those emergency pandemic settings to a more normal level,” Fed Chairman Jerome Powell told Congress two weeks ago, adding that “2022 will be the year in which we take steps toward normalization.”</p><p>Moving away from those settings would involve raising the federal funds rate, the benchmark for short-term borrowing costs that the Federal Open Market Committee sets every six weeks. That rate has been set at near zero since the depths of the pandemic.</p><p>Raising those rates, also referred to as “tightening policy,” could dampen the rapid pace of inflation felt by Americans across the board.</p><p>“March is a live meeting for the first rate hike,” said Fed Governor Christopher Waller in December.</p><p>Directionally, nearly all members of the policy-setting Federal Open Market Committee have suggested they favor using higher rates to bring inflation down (even the more “dovish” officials who have historically pushed back against tighter policy options). But there is considerable uncertainty about how aggressively they would do so.</p><p>For example, betting markets show the largest probability — about 31% — for four interest rate increases (25 basis points each) by the end of this year. But those same markets are pricing in decent odds of the Fed tightening a little bit slower (three rate hikes: 26% chance) as they are for the Fed tightening a little bit faster (five rate hikes: 20% chance).</p><p>Either way, the Fed is making it clear that come the March meeting, FOMC decision days that follow are all fair game for more tightening.</p><p><b>Market Views:</b></p><p>“We see a risk that the FOMC will want to take some tightening action at every meeting until that picture changes,” Goldman Sachs analysts wrote on Friday.</p><p>With prices rising at a pace not seen in nearly 40 years, the Fed may have opted to raise rates this week if it were not for one reason: its $9 trillion balance sheet.</p><p>The Fed is still in the process of bringing its pandemic-era policy of growing its massive balance sheet to a full stop. In December, the FOMC charted a course for ending its purchases of U.S. Treasuries and agency mortgage-backed securities (aimed at messaging to markets its intention to keep borrowing costs low) by mid-March.</p><p>Raising interest rates while the Fed is still buying bonds could send mixed messages to markets, which is why Fed officials have made it clear they would not raise interest rates until that process is done.</p><p>As the Fed raises interest rates, the FOMC will then likely turn its attention to actively shrinking its balance sheet — by allowing maturing securities to roll off of its books.</p><p>“We probably will decide to start reducing the balance sheet sooner rather than later,” Chicago Fed President Charles Evans told reporters on Jan. 13.</p><p>Doing so could allow the Fed to quell inflation with fewer rate hikes, since shrinking its asset holdings should have the effect of tilting higher longer-term interest rates (which it does not directly control as well as short-term rates).</p><p>The conversation over how to handle any balance sheet runoff will likely pick up steam in this week’s meeting.</p><p><b>Market Snapshot</b></p><p>At 04:46 a.m. ET, Dow e-minis were up 364 points, or 1.06%, S&amp;P 500 e-minis were up 60.75 points, or 1.40%, and Nasdaq 100 e-minis were up 294.50 points, or 2.08%.</p><p><img src=\"https://static.tigerbbs.com/6daf636636fcead334fc0cd35746e9a2\" tg-width=\"372\" tg-height=\"159\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107872846","content_text":"All eyes are currently on the Fed, which is releasing its monetary policy decision Wednesday. Markets are anticipating several interest rate increases this year, but will be hanging on the words of Fed Chair Jerome Powell to see just how many.The FOMC decision is due at 2 p.m. ET on Wednesday, followed by Powell’s press conference at 2:30 p.m. ET.Anticipation:Anticipation over a pullback in Federal Reserve stimulus has markets rolling, setting the stage for what could be a pivotal central bank policy-setting meeting this week.Although the Fed has signaled it will very likely raise rates multiple times this year, the first post-COVID rate increase is not expected this week. Instead, the policy-setting Federal Open Market Committee will likely tease higher rates coming in its March meeting.“It really is time for us to begin to move away from those emergency pandemic settings to a more normal level,” Fed Chairman Jerome Powell told Congress two weeks ago, adding that “2022 will be the year in which we take steps toward normalization.”Moving away from those settings would involve raising the federal funds rate, the benchmark for short-term borrowing costs that the Federal Open Market Committee sets every six weeks. That rate has been set at near zero since the depths of the pandemic.Raising those rates, also referred to as “tightening policy,” could dampen the rapid pace of inflation felt by Americans across the board.“March is a live meeting for the first rate hike,” said Fed Governor Christopher Waller in December.Directionally, nearly all members of the policy-setting Federal Open Market Committee have suggested they favor using higher rates to bring inflation down (even the more “dovish” officials who have historically pushed back against tighter policy options). But there is considerable uncertainty about how aggressively they would do so.For example, betting markets show the largest probability — about 31% — for four interest rate increases (25 basis points each) by the end of this year. But those same markets are pricing in decent odds of the Fed tightening a little bit slower (three rate hikes: 26% chance) as they are for the Fed tightening a little bit faster (five rate hikes: 20% chance).Either way, the Fed is making it clear that come the March meeting, FOMC decision days that follow are all fair game for more tightening.Market Views:“We see a risk that the FOMC will want to take some tightening action at every meeting until that picture changes,” Goldman Sachs analysts wrote on Friday.With prices rising at a pace not seen in nearly 40 years, the Fed may have opted to raise rates this week if it were not for one reason: its $9 trillion balance sheet.The Fed is still in the process of bringing its pandemic-era policy of growing its massive balance sheet to a full stop. In December, the FOMC charted a course for ending its purchases of U.S. Treasuries and agency mortgage-backed securities (aimed at messaging to markets its intention to keep borrowing costs low) by mid-March.Raising interest rates while the Fed is still buying bonds could send mixed messages to markets, which is why Fed officials have made it clear they would not raise interest rates until that process is done.As the Fed raises interest rates, the FOMC will then likely turn its attention to actively shrinking its balance sheet — by allowing maturing securities to roll off of its books.“We probably will decide to start reducing the balance sheet sooner rather than later,” Chicago Fed President Charles Evans told reporters on Jan. 13.Doing so could allow the Fed to quell inflation with fewer rate hikes, since shrinking its asset holdings should have the effect of tilting higher longer-term interest rates (which it does not directly control as well as short-term rates).The conversation over how to handle any balance sheet runoff will likely pick up steam in this week’s meeting.Market SnapshotAt 04:46 a.m. ET, Dow e-minis were up 364 points, or 1.06%, S&P 500 e-minis were up 60.75 points, or 1.40%, and Nasdaq 100 e-minis were up 294.50 points, or 2.08%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9090988739,"gmtCreate":1643067305104,"gmtModify":1676533770029,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090988739","repostId":"2206888965","repostType":4,"repost":{"id":"2206888965","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1643064873,"share":"https://ttm.financial/m/news/2206888965?lang=&edition=fundamental","pubTime":"2022-01-25 06:54","market":"us","language":"en","title":"Wall Street Reverses, Ends Higher in Late Session Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=2206888965","media":"Reuters","summary":"Kohl's surges as Sycamore, Acacia show takeover interestIBM climbs in after hours trading after post","content":"<html><head></head><body><ul><li>Kohl&#39;s surges as Sycamore, Acacia show takeover interest</li><li>IBM climbs in after hours trading after posting results</li><li>Indexes up: Dow 0.29%, S&amp;P 0.28%, Nasdaq 0.63%</li></ul><p>NEW YORK, Jan 24 (Reuters) - Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell.</p><p>The S&amp;P 500 earlier came close to confirming a correction by appearing on track to close more than 10% down from its most recent all-time high reached on Jan 3 as investors focused on concerns about an increasingly hawkish Federal Reserve and geopolitical tensions.</p><p>The S&amp;P 500 recovered 4.3 percentage points from its session low to it closing level, the largest such swing since March 26, 2020, when Wall Street was bouncing back from the global slump caused by the coronavirus pandemic.</p><p>Earlier in the day, the indexes were all more than 2% lower. The S&amp;P appeared to be on course to confirm a correction, and the Russell 2000 looked as if it would confirm it was in a bear market.</p><p>This abrupt, late-session U-turn came in the wake of S&amp;P 500 and the Nasdaq suffering their largest weekly percentage plunge since March 2020, when shutdowns to contain the pandemic sent the economy spiraling into its steepest and most abrupt recession on record.</p><p>&#34;Correction territory is often a psychological sweet spot for investors. They see the correction, and they see that it&#39;s a healthy part of the markets,&#34; said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.</p><p>&#34;When everything started selling off, that got a lot of people&#39;s attention, so I think we had what I would call intraday capitulation, getting some of this easy money out of the market,&#34; Dollarhide added.</p><p>The U.S. Federal Reserve is due to convene its two-day monetary policy meeting on Tuesday, and market participants will be parsing its concluding statement and Chairman Jerome Powell&#39;s subsequent Q&amp;A session for clues as to the central bank&#39;s timeline for hiking key interest rates to combat inflation.</p><p>&#34;I think investors are over-assuming a very hawkish stance by the Fed,&#34; said Sam Stovall, chief investment strategist of CFRA Research in New York. &#34;Granted, inflation is high and is likely to get higher before it starts to decline. Specifically we see the headline CPI topping at 7.3% for both January and February, but then coming down to 3.5% by year-end.&#34;</p><p>In a sign that geopolitical tensions are heating up, NATO announced it was putting forces on standby to prepare for a potential conflictbetween Russia and Ukraine.</p><p>The threat of potential conflict in that region helped U.S. Treasury yields dip, pausing their recent upward climb, which has pressured stocks in recent months.</p><p>The Dow Jones Industrial Average rose 99.13 points, or 0.29%, to 34,364.5, the S&amp;P 500 gained 12.19 points, or 0.28%, to 4,410.13 and the Nasdaq Composite added 86.21 points, or 0.63%, to 13,855.13.</p><p>All 11 major sectors of the S&amp;P 500 spent most of the trading day deep in red territory, but by market close all but three were green. Consumer discretionary enjoyed the largest percentage gain.</p><p>Fourth-quarter reporting season is in full swing, with 65 of the companies in the S&amp;P 500 having posted results. Of those, 77% have come in above expectations, according to data from Refinitiv.</p><p>On aggregate, analysts now see S&amp;P 500 annual EPS growth of 23.7%, per Refinitiv.</p><p>A series of disappointing earnings from big banks and, notably, lockdown darling Netflix Inc have overshadowed many better-than-expected results.</p><p>Shares of International Business Machines gained about 2% in after-hours trading after the company beat revenue expectations on the strength of its cloud and consulting businesses.</p><p>Kohl&#39;s Corp surged after Reuters reported private equity firm Sycamore Partners is preparing to make a bid for the department store chain days after a consortium backed by activist investment firm Starboard Value proposed a buyout.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 31 new lows; the Nasdaq Composite recorded four new highs and 1,319 new lows.</p><p>Volume on U.S. exchanges was 18.42 billion shares, compared with the 10.95 billion average over the last 20 trading days.</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>Wall Street Reverses, Ends Higher in Late Session Rally</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; 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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\">\nWall Street Reverses, Ends Higher in Late Session Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-25 06:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Kohl&#39;s surges as Sycamore, Acacia show takeover interest</li><li>IBM climbs in after hours trading after posting results</li><li>Indexes up: Dow 0.29%, S&amp;P 0.28%, Nasdaq 0.63%</li></ul><p>NEW YORK, Jan 24 (Reuters) - Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell.</p><p>The S&amp;P 500 earlier came close to confirming a correction by appearing on track to close more than 10% down from its most recent all-time high reached on Jan 3 as investors focused on concerns about an increasingly hawkish Federal Reserve and geopolitical tensions.</p><p>The S&amp;P 500 recovered 4.3 percentage points from its session low to it closing level, the largest such swing since March 26, 2020, when Wall Street was bouncing back from the global slump caused by the coronavirus pandemic.</p><p>Earlier in the day, the indexes were all more than 2% lower. The S&amp;P appeared to be on course to confirm a correction, and the Russell 2000 looked as if it would confirm it was in a bear market.</p><p>This abrupt, late-session U-turn came in the wake of S&amp;P 500 and the Nasdaq suffering their largest weekly percentage plunge since March 2020, when shutdowns to contain the pandemic sent the economy spiraling into its steepest and most abrupt recession on record.</p><p>&#34;Correction territory is often a psychological sweet spot for investors. They see the correction, and they see that it&#39;s a healthy part of the markets,&#34; said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.</p><p>&#34;When everything started selling off, that got a lot of people&#39;s attention, so I think we had what I would call intraday capitulation, getting some of this easy money out of the market,&#34; Dollarhide added.</p><p>The U.S. Federal Reserve is due to convene its two-day monetary policy meeting on Tuesday, and market participants will be parsing its concluding statement and Chairman Jerome Powell&#39;s subsequent Q&amp;A session for clues as to the central bank&#39;s timeline for hiking key interest rates to combat inflation.</p><p>&#34;I think investors are over-assuming a very hawkish stance by the Fed,&#34; said Sam Stovall, chief investment strategist of CFRA Research in New York. &#34;Granted, inflation is high and is likely to get higher before it starts to decline. Specifically we see the headline CPI topping at 7.3% for both January and February, but then coming down to 3.5% by year-end.&#34;</p><p>In a sign that geopolitical tensions are heating up, NATO announced it was putting forces on standby to prepare for a potential conflictbetween Russia and Ukraine.</p><p>The threat of potential conflict in that region helped U.S. Treasury yields dip, pausing their recent upward climb, which has pressured stocks in recent months.</p><p>The Dow Jones Industrial Average rose 99.13 points, or 0.29%, to 34,364.5, the S&amp;P 500 gained 12.19 points, or 0.28%, to 4,410.13 and the Nasdaq Composite added 86.21 points, or 0.63%, to 13,855.13.</p><p>All 11 major sectors of the S&amp;P 500 spent most of the trading day deep in red territory, but by market close all but three were green. Consumer discretionary enjoyed the largest percentage gain.</p><p>Fourth-quarter reporting season is in full swing, with 65 of the companies in the S&amp;P 500 having posted results. Of those, 77% have come in above expectations, according to data from Refinitiv.</p><p>On aggregate, analysts now see S&amp;P 500 annual EPS growth of 23.7%, per Refinitiv.</p><p>A series of disappointing earnings from big banks and, notably, lockdown darling Netflix Inc have overshadowed many better-than-expected results.</p><p>Shares of International Business Machines gained about 2% in after-hours trading after the company beat revenue expectations on the strength of its cloud and consulting businesses.</p><p>Kohl&#39;s Corp surged after Reuters reported private equity firm Sycamore Partners is preparing to make a bid for the department store chain days after a consortium backed by activist investment firm Starboard Value proposed a buyout.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 31 new lows; the Nasdaq Composite recorded four new highs and 1,319 new lows.</p><p>Volume on U.S. exchanges was 18.42 billion shares, compared with the 10.95 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓","SPY":"标普500ETF",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","BK4550":"红杉资本持仓",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2206888965","content_text":"Kohl's surges as Sycamore, Acacia show takeover interestIBM climbs in after hours trading after posting resultsIndexes up: Dow 0.29%, S&P 0.28%, Nasdaq 0.63%NEW YORK, Jan 24 (Reuters) - Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell.The S&P 500 earlier came close to confirming a correction by appearing on track to close more than 10% down from its most recent all-time high reached on Jan 3 as investors focused on concerns about an increasingly hawkish Federal Reserve and geopolitical tensions.The S&P 500 recovered 4.3 percentage points from its session low to it closing level, the largest such swing since March 26, 2020, when Wall Street was bouncing back from the global slump caused by the coronavirus pandemic.Earlier in the day, the indexes were all more than 2% lower. The S&P appeared to be on course to confirm a correction, and the Russell 2000 looked as if it would confirm it was in a bear market.This abrupt, late-session U-turn came in the wake of S&P 500 and the Nasdaq suffering their largest weekly percentage plunge since March 2020, when shutdowns to contain the pandemic sent the economy spiraling into its steepest and most abrupt recession on record.\"Correction territory is often a psychological sweet spot for investors. They see the correction, and they see that it's a healthy part of the markets,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.\"When everything started selling off, that got a lot of people's attention, so I think we had what I would call intraday capitulation, getting some of this easy money out of the market,\" Dollarhide added.The U.S. Federal Reserve is due to convene its two-day monetary policy meeting on Tuesday, and market participants will be parsing its concluding statement and Chairman Jerome Powell's subsequent Q&A session for clues as to the central bank's timeline for hiking key interest rates to combat inflation.\"I think investors are over-assuming a very hawkish stance by the Fed,\" said Sam Stovall, chief investment strategist of CFRA Research in New York. \"Granted, inflation is high and is likely to get higher before it starts to decline. Specifically we see the headline CPI topping at 7.3% for both January and February, but then coming down to 3.5% by year-end.\"In a sign that geopolitical tensions are heating up, NATO announced it was putting forces on standby to prepare for a potential conflictbetween Russia and Ukraine.The threat of potential conflict in that region helped U.S. Treasury yields dip, pausing their recent upward climb, which has pressured stocks in recent months.The Dow Jones Industrial Average rose 99.13 points, or 0.29%, to 34,364.5, the S&P 500 gained 12.19 points, or 0.28%, to 4,410.13 and the Nasdaq Composite added 86.21 points, or 0.63%, to 13,855.13.All 11 major sectors of the S&P 500 spent most of the trading day deep in red territory, but by market close all but three were green. Consumer discretionary enjoyed the largest percentage gain.Fourth-quarter reporting season is in full swing, with 65 of the companies in the S&P 500 having posted results. Of those, 77% have come in above expectations, according to data from Refinitiv.On aggregate, analysts now see S&P 500 annual EPS growth of 23.7%, per Refinitiv.A series of disappointing earnings from big banks and, notably, lockdown darling Netflix Inc have overshadowed many better-than-expected results.Shares of International Business Machines gained about 2% in after-hours trading after the company beat revenue expectations on the strength of its cloud and consulting businesses.Kohl's Corp surged after Reuters reported private equity firm Sycamore Partners is preparing to make a bid for the department store chain days after a consortium backed by activist investment firm Starboard Value proposed a buyout.Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 31 new lows; the Nasdaq Composite recorded four new highs and 1,319 new lows.Volume on U.S. exchanges was 18.42 billion shares, compared with the 10.95 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007868597,"gmtCreate":1642828107638,"gmtModify":1676533751077,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"🤔","listText":"🤔","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007868597","repostId":"2205302378","repostType":4,"repost":{"id":"2205302378","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1642800688,"share":"https://ttm.financial/m/news/2205302378?lang=&edition=fundamental","pubTime":"2022-01-22 05:31","market":"us","language":"en","title":"US STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide","url":"https://stock-news.laohu8.com/highlight/detail?id=2205302378","media":"Reuters","summary":"* Netflix plunges, weighs on Disney, media stocks* S&P 500, Nasdaq have biggest weekly drops since March 2020* Focus turning to Fed meeting for clarity on policy* Indexes down: Dow 1.3%, S&P 1.89%, Na","content":"<html><head></head><body><p>* Netflix plunges, weighs on Disney, media stocks</p><p>* S&amp;P 500, Nasdaq have biggest weekly drops since March 2020</p><p>* Focus turning to Fed meeting for clarity on policy</p><p>* Indexes down: Dow 1.3%, S&amp;P 1.89%, Nasdaq 2.72%</p><p>Jan 21 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&amp;P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.</p><p>The benchmark S&amp;P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.</p><p>Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.</p><p>Netflix    shares tumbled 21.8%, weighing on the S&amp;P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.</p><p>&#34;It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. &#34;It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.&#34;</p><p>The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&amp;P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.</p><p>For the week, the S&amp;P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.</p><p>The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.</p><p>The S&amp;P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.</p><p>&#34;When markets get like they&#39;ve gotten this week, the emotion is what takes over,&#34; said Jim Paulsen, chief investment strategist at The Leuthold Group. &#34;Until it finds support, no <a href=\"https://laohu8.com/S/AONE.U\">one</a>&#39;s going care about anything fundamental.&#34;</p><p>Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.</p><p>Investors are keenly focused on next week&#39;s Fed meeting for more clarity on the central bank&#39;s plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.</p><p>“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.</p><p>Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.</p><p>About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.</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>US STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-22 05:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Netflix plunges, weighs on Disney, media stocks</p><p>* S&amp;P 500, Nasdaq have biggest weekly drops since March 2020</p><p>* Focus turning to Fed meeting for clarity on policy</p><p>* Indexes down: Dow 1.3%, S&amp;P 1.89%, Nasdaq 2.72%</p><p>Jan 21 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&amp;P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.</p><p>The benchmark S&amp;P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.</p><p>Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.</p><p>Netflix    shares tumbled 21.8%, weighing on the S&amp;P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.</p><p>&#34;It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. &#34;It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.&#34;</p><p>The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&amp;P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.</p><p>For the week, the S&amp;P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.</p><p>The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.</p><p>The S&amp;P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.</p><p>&#34;When markets get like they&#39;ve gotten this week, the emotion is what takes over,&#34; said Jim Paulsen, chief investment strategist at The Leuthold Group. &#34;Until it finds support, no <a href=\"https://laohu8.com/S/AONE.U\">one</a>&#39;s going care about anything fundamental.&#34;</p><p>Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.</p><p>Investors are keenly focused on next week&#39;s Fed meeting for more clarity on the central bank&#39;s plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.</p><p>“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.</p><p>Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.</p><p>About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4504":"桥水持仓","BK4548":"巴美列捷福持仓",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","BK4532":"文艺复兴科技持仓","NFLX":"奈飞","BK4108":"电影和娱乐","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4566":"资本集团","SPY":"标普500ETF","BK4524":"宅经济概念","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","HUT":"Hut 8 Mining Corp","BK4551":"寇图资本持仓",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2205302378","content_text":"* Netflix plunges, weighs on Disney, media stocks* S&P 500, Nasdaq have biggest weekly drops since March 2020* Focus turning to Fed meeting for clarity on policy* Indexes down: Dow 1.3%, S&P 1.89%, Nasdaq 2.72%Jan 21 (Reuters) - Wall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.The benchmark S&P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.Netflix    shares tumbled 21.8%, weighing on the S&P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.\"It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. \"It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.\"The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.For the week, the S&P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.The S&P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.\"When markets get like they've gotten this week, the emotion is what takes over,\" said Jim Paulsen, chief investment strategist at The Leuthold Group. \"Until it finds support, no one's going care about anything fundamental.\"Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.Investors are keenly focused on next week's Fed meeting for more clarity on the central bank's plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.The S&P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007012463,"gmtCreate":1642721243441,"gmtModify":1676533738951,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"🤔","listText":"🤔","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007012463","repostId":"2205013143","repostType":4,"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004530096,"gmtCreate":1642636198027,"gmtModify":1676533729822,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004530096","repostId":"2204320050","repostType":4,"repost":{"id":"2204320050","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1642629300,"share":"https://ttm.financial/m/news/2204320050?lang=&edition=fundamental","pubTime":"2022-01-20 05:55","market":"us","language":"en","title":"US STOCKS-Wall Street Sell-Off Deepens, Nasdaq Confirms Correction","url":"https://stock-news.laohu8.com/highlight/detail?id=2204320050","media":"Reuters","summary":"* Nasdaq now down 10.7% from Nov 19 record close* BofA, Morgan Stanley wrap up bank earnings on upbe","content":"<html><head></head><body><p>* Nasdaq now down 10.7% from Nov 19 record close</p><p>* BofA, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> wrap up bank earnings on upbeat note</p><p>* Procter &amp; Gamble gains after raising outlook</p><p>* Indexes down: Dow 0.96%, S&amp;P 0.97%, Nasdaq 1.15%</p><p>Jan 19 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher U.S. Treasury yields and the Federal Reserve tightening monetary policy.</p><p>The Nasdaq ended down 10.7% from its Nov. 19 closing record high, as stocks sold off into the market close. A correction is confirmed when an index closes 10% or more below its record closing level.</p><p>The Nasdaq&#39;s last correction was in early 2021, when the tech-heavy index fell more than 10% from Feb. 12 to March 8. It was the fourth time in the two years</p><p>since the coronavirus pandemic shook global markets that the index has found itself in a correction.</p><p>On Wednesday, Apple    shares fell 2.1%, weighing most on the Nasdaq, while declines in Tesla    and Amazon also dragged on the index.</p><p>Stocks have gotten off to a rocky start in 2022, as a fast rise in Treasury yields amid concerns the Fed will become aggressive in controlling inflation has particularly hit tech and growth shares. The benchmark S&amp;P 500 is down about 5% so far this year.</p><p>“Any beginning of tightening often results in significant volatility and I think there is always that risk that there is a policy error and it ends the economic cycle,&#34; said Kristina Hooper, chief global market strategist at Invesco. &#34;So we just have a lot of apprehension.”</p><p>The Dow Jones Industrial Average    fell 339.82 points, or 0.96%, to 35,028.65, the S&amp;P 500    lost 44.35 points, or 0.97%, to 4,532.76 and the Nasdaq Composite    dropped 166.64 points, or 1.15%, to 14,340.26.</p><p>Consumer discretionary    fell most among S&amp;P 500 sectors, dropping 1.8%, while financials    dropped about 1.7% and technology    slid 1.4%.</p><p>The small-cap Russell 2000    fell 1.6%.</p><p>Stocks had tumbled on Tuesday, with the Nasdaq falling 2.6%, after weak results from Goldman Sachs and a spike in Treasury yields. U.S. Treasury yields eased on Wednesday from two-year highs.</p><p>Investors are looking to next week&#39;s Fed policy meeting for more clarity on central bankers&#39; plans to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.</p><p>&#34;There&#39;s a fair amount of anxiety in terms of how the next three to six months are going to play out with a rate-hike cycle set to start likely in March,&#34; said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.</p><p>In company news, shares of Procter &amp; Gamble    rose 3.4% after the consumer goods company bumped up its annual sales forecast.</p><p>$Bank of America Corp(BAC-N)$    reported a better-than-expected 30% jump in quarterly profit, while Morgan Stanley    also reported fourth-quarter profit which beat market expectations, following uneven results from other banks. Bank of America shares rose 0.4%, while Morgan Stanley shares gained 1.8%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.09-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 13 new 52-week highs and seven new lows; the Nasdaq Composite recorded 23 new highs and 630 new lows.</p><p>About 11.4 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.</p><p>Nasdaq confirms fourth correction since pandemic hit.</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>US STOCKS-Wall Street Sell-Off Deepens, Nasdaq Confirms Correction</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\">\nUS STOCKS-Wall Street Sell-Off Deepens, Nasdaq Confirms Correction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-20 05:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Nasdaq now down 10.7% from Nov 19 record close</p><p>* BofA, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> wrap up bank earnings on upbeat note</p><p>* Procter &amp; Gamble gains after raising outlook</p><p>* Indexes down: Dow 0.96%, S&amp;P 0.97%, Nasdaq 1.15%</p><p>Jan 19 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher U.S. Treasury yields and the Federal Reserve tightening monetary policy.</p><p>The Nasdaq ended down 10.7% from its Nov. 19 closing record high, as stocks sold off into the market close. A correction is confirmed when an index closes 10% or more below its record closing level.</p><p>The Nasdaq&#39;s last correction was in early 2021, when the tech-heavy index fell more than 10% from Feb. 12 to March 8. It was the fourth time in the two years</p><p>since the coronavirus pandemic shook global markets that the index has found itself in a correction.</p><p>On Wednesday, Apple    shares fell 2.1%, weighing most on the Nasdaq, while declines in Tesla    and Amazon also dragged on the index.</p><p>Stocks have gotten off to a rocky start in 2022, as a fast rise in Treasury yields amid concerns the Fed will become aggressive in controlling inflation has particularly hit tech and growth shares. The benchmark S&amp;P 500 is down about 5% so far this year.</p><p>“Any beginning of tightening often results in significant volatility and I think there is always that risk that there is a policy error and it ends the economic cycle,&#34; said Kristina Hooper, chief global market strategist at Invesco. &#34;So we just have a lot of apprehension.”</p><p>The Dow Jones Industrial Average    fell 339.82 points, or 0.96%, to 35,028.65, the S&amp;P 500    lost 44.35 points, or 0.97%, to 4,532.76 and the Nasdaq Composite    dropped 166.64 points, or 1.15%, to 14,340.26.</p><p>Consumer discretionary    fell most among S&amp;P 500 sectors, dropping 1.8%, while financials    dropped about 1.7% and technology    slid 1.4%.</p><p>The small-cap Russell 2000    fell 1.6%.</p><p>Stocks had tumbled on Tuesday, with the Nasdaq falling 2.6%, after weak results from Goldman Sachs and a spike in Treasury yields. U.S. Treasury yields eased on Wednesday from two-year highs.</p><p>Investors are looking to next week&#39;s Fed policy meeting for more clarity on central bankers&#39; plans to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.</p><p>&#34;There&#39;s a fair amount of anxiety in terms of how the next three to six months are going to play out with a rate-hike cycle set to start likely in March,&#34; said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.</p><p>In company news, shares of Procter &amp; Gamble    rose 3.4% after the consumer goods company bumped up its annual sales forecast.</p><p>$Bank of America Corp(BAC-N)$    reported a better-than-expected 30% jump in quarterly profit, while Morgan Stanley    also reported fourth-quarter profit which beat market expectations, following uneven results from other banks. Bank of America shares rose 0.4%, while Morgan Stanley shares gained 1.8%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.09-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 13 new 52-week highs and seven new lows; the Nasdaq Composite recorded 23 new highs and 630 new lows.</p><p>About 11.4 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.</p><p>Nasdaq confirms fourth correction since pandemic hit.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2204320050","content_text":"* Nasdaq now down 10.7% from Nov 19 record close* BofA, Morgan Stanley wrap up bank earnings on upbeat note* Procter & Gamble gains after raising outlook* Indexes down: Dow 0.96%, S&P 0.97%, Nasdaq 1.15%Jan 19 (Reuters) - Wall Street's main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher U.S. Treasury yields and the Federal Reserve tightening monetary policy.The Nasdaq ended down 10.7% from its Nov. 19 closing record high, as stocks sold off into the market close. A correction is confirmed when an index closes 10% or more below its record closing level.The Nasdaq's last correction was in early 2021, when the tech-heavy index fell more than 10% from Feb. 12 to March 8. It was the fourth time in the two yearssince the coronavirus pandemic shook global markets that the index has found itself in a correction.On Wednesday, Apple    shares fell 2.1%, weighing most on the Nasdaq, while declines in Tesla    and Amazon also dragged on the index.Stocks have gotten off to a rocky start in 2022, as a fast rise in Treasury yields amid concerns the Fed will become aggressive in controlling inflation has particularly hit tech and growth shares. The benchmark S&P 500 is down about 5% so far this year.“Any beginning of tightening often results in significant volatility and I think there is always that risk that there is a policy error and it ends the economic cycle,\" said Kristina Hooper, chief global market strategist at Invesco. \"So we just have a lot of apprehension.”The Dow Jones Industrial Average    fell 339.82 points, or 0.96%, to 35,028.65, the S&P 500    lost 44.35 points, or 0.97%, to 4,532.76 and the Nasdaq Composite    dropped 166.64 points, or 1.15%, to 14,340.26.Consumer discretionary    fell most among S&P 500 sectors, dropping 1.8%, while financials    dropped about 1.7% and technology    slid 1.4%.The small-cap Russell 2000    fell 1.6%.Stocks had tumbled on Tuesday, with the Nasdaq falling 2.6%, after weak results from Goldman Sachs and a spike in Treasury yields. U.S. Treasury yields eased on Wednesday from two-year highs.Investors are looking to next week's Fed policy meeting for more clarity on central bankers' plans to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.\"There's a fair amount of anxiety in terms of how the next three to six months are going to play out with a rate-hike cycle set to start likely in March,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.In company news, shares of Procter & Gamble    rose 3.4% after the consumer goods company bumped up its annual sales forecast.$Bank of America Corp(BAC-N)$    reported a better-than-expected 30% jump in quarterly profit, while Morgan Stanley    also reported fourth-quarter profit which beat market expectations, following uneven results from other banks. Bank of America shares rose 0.4%, while Morgan Stanley shares gained 1.8%.Declining issues outnumbered advancing ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.09-to-1 ratio favored decliners.The S&P 500 posted 13 new 52-week highs and seven new lows; the Nasdaq Composite recorded 23 new highs and 630 new lows.About 11.4 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.Nasdaq confirms fourth correction since pandemic hit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004610852,"gmtCreate":1642576670565,"gmtModify":1676533724557,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004610852","repostId":"1145231721","repostType":4,"repost":{"id":"1145231721","kind":"news","pubTimestamp":1642560526,"share":"https://ttm.financial/m/news/1145231721?lang=&edition=fundamental","pubTime":"2022-01-19 10:48","market":"us","language":"en","title":"Microsoft Takes Out Activision: Everything You Need To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1145231721","media":"Seeking Alpha","summary":"SummaryMicrosoft will acquire Activision Blizzard for $95 per share.This makes for a hefty premium c","content":"<html><head></head><body><p>Summary</p><ul><li>Microsoft will acquire Activision Blizzard for $95 per share.</li><li>This makes for a hefty premium compared to where ATVI traded in recent months, but ATVI traded at higher prices one year ago.</li><li>This deal makes a lot of sense for MSFT, as it will be accretive while there is also a strategic rationale to get gaming IP.</li><li>Looking for a helping hand in the market? Members of Cash Flow Kingdom get exclusive ideas and guidance to navigate any climate.</li></ul><p>Activision Blizzard, Inc. (ATVI), a leading gaming company, is getting acquired by Microsoft (MSFT), one of the largest tech companies in the world. The deal allows for compelling share price gains for those that bought into ATVI in the recent past when shares were pretty inexpensive. At the same time, I do believe that the takeover also makes a lot of sense for Microsoft. Not only is the deal immediately accretive thanks to ATVI&#39;s not very demanding valuation, but Microsoft is also able to access strong intellectual properties and will grow its strategic gaming division massively thanks to this takeover.</p><p><b>ATVI Overview</b></p><p>Activision Blizzard is a company that was, in its current form, created in 2007 when Vivendi (which owned Blizzard) and Activision agreed on a merger. Activision Blizzard is one of the largest gaming companies in the world, with annual sales of around $10 billion. Its intellectual property includes many established and sought-after franchises, including the Call of Duty franchise, the Tony Hawk franchise, the Warcraft and StarCraft franchises, the Diablo franchise, and many more. Some of the company&#39;s products utilize a free-to-play approach where in-game upgrades etc. can be purchased, such as Candy Crush. Other titles, such as the CoD franchise, come with a one-time purchase price, while others, such as World of Warcraft, require a monthly subscription fee. Some of the company&#39;s IP can be seen in the following graphic:</p><p><img src=\"https://static.tigerbbs.com/2f0c27788cd938b9ac5d39da69065280\" tg-width=\"640\" tg-height=\"580\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>ATVI IP</p><p><b>ATVI presentation</b></p><p>There is a wide range of products addressing different groups of gamers across age groups, platforms (mobile, PC, gaming consoles), and content. This allows ATVI to address hundreds of millions of gamers with its products, although it should be noted that many of those users are non-paying gamers that play ATVI&#39;s free-to-play mobile games. Still, even the company&#39;s premium products, such as the CoD franchise and the Blizzard products, have monthly users of more than 100 million (in total), per ATVI&#39;s most recent quarterly report.</p><p><img src=\"https://static.tigerbbs.com/11e56e2b4367c7533b790c0167186de6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>Over the last decade, ATVI has grown its revenue by 100%, and its cash flow by 200%. This makes for an annual growth rate of 7% and 12%, respectively, which I deem attractive. Revenue growth is, at least partially, driven by the growth across the global gaming industry. Playing games across a wide range of platforms is a type of entertainment that is becoming more popular over time, and thatgains shareversus other forms of entertainment, such as watching TV. In this growing market, ATVI didn&#39;t have any problems in generating business growth. Thanks to its strong IP and some takeovers, the company was able to grow its business quite meaningfully. Operating leverage, in turn, allowed the company to grow its profits and cash flow significantly faster than its revenue. Producing a title does come with relatively fixed costs, and selling the title to a growing number of consumers leads to outsized gains in profits and cash flow.</p><p>The global gaming market will, according to most forecasts, continue to grow rapidly for the foreseeable future. Some experts forecast that revenues will grow by10%+through the 2020s. Even if that turns out to be a too aggressive estimate, it seems pretty clear that global gaming sales will rise in the future. Current consensus estimates see ATVI grow its revenue from a little more than $9 billion this year to $18 billion in 2027, while its earnings per share are forecasted to grow from $3.80 this year to more than $9 over the same time frame. These analyst estimates may not be 100% precise, but they should be in the ballpark of where ATVI&#39;s actual results will land. Clearly, Activision Blizzard is thus a company with a compelling longer-term growth outlook, thanks primarily to strong macro tailwinds for its industry.</p><p><b>The Deal With Microsoft</b></p><p>Microsoft agreed to acquire Activision Blizzard for$95 per share, which makes for a 45% premium to the price per share before the deal was announced. This will be an all-cash deal, thus Microsoft will not issue any new shares to finance the acquisition - investors thus don&#39;t have to worry about dilution.</p><p>At the time of writing, ATVI trades at $86 per share, there thus is considerable room left versus the takeover price of $95. The takeover process will take some time, however, and management has guided that the deal will likely close in 2023. Investors will thus have to wait quite some time if they want to hold out for $95 per share, which is why I believe that selling in the high $80s or low $90s could make sense, as funds could be deployed elsewhere. Investors should also consider the risk that the acquisition could fall through, although I do not deem this particularly likely. It should be noted that it is also possible that another suitor comes out with a competing bid in the coming months, although I do not deem this especially likely, either.</p><p>Based on a share count of around 780 million, the deal values the company at $74 billion. We should adjust this for ATVI&#39;s net cash position, however, which stands at $6 billion. The actual price that Microsoft will pay for Activision Blizzard, net of cash and debt acquired, is thus $68 billion. For a company with around $3 billion in operating cash flow that isn&#39;t a low amount of money, but it isn&#39;t especially much, either. In fact, ATVI&#39;s cash flow multiple (at the takeover price) of around 23 is lower than Microsoft&#39;s current cash flow multiple of 28.</p><p>Microsoft is thus acquiring a company that is cheaper than Microsoft itself, even factoring in the takeover premium. At the same time, ATVI is forecasted to grow faster than MSFT, thus this deal looks pretty good for Microsoft: Microsoft can use a portion of its (non-productive) cash pile to acquire a company that is growing faster than itself and that trades at a lower valuation.</p><p>At the same time, there is also a strong strategic rationale for Microsoft to do this takeover. Microsoft&#39;s gaming franchise is solid, but lacking scale and strong/attractive intellectual property. By acquiring ATVI, with its established huge franchises, such as CoD or Diablo, Microsoft can strengthen its position in an area where it is currently looking relatively weak. At the same time, with Microsoft&#39;s massive resources, investments in ATVI&#39;s franchises could be increased, which would possibly allow for a better output when it comes to class A titles in the future. Since Microsoft already owns one of the major gaming platforms (Xbox), getting a stronger hold on the software side will make Microsoft a stronger player in the gaming industry overall. I wouldn&#39;t be surprised to see Microsoft develop more exclusive Xbox titles in the future, using ATVI&#39;s IP, which should also drive sales for Microsoft&#39;s gaming hardware side.</p><p><b>What It Means For ATVI And MSFT Shareholders</b></p><p>For Microsoft&#39;s shareholders, this seems like a huge win - which is why I was surprised to see MSFT&#39;s shares decline initially. Microsoft gets to deploy cash in an accretive way (more accretive than buybacks) while strengthening the company&#39;s position in a huge growth market. There is, from Microsoft&#39;s side, nothing to dislike about this deal, I believe. I personally think that it makes more sense than the LinkedIn acquisition, for example.</p><p>For Activision Blizzard&#39;s shareholders, the acquisition looks pretty solid as well - especially for those that bought when shares were pretty inexpensive over the last couple of months. Those that bought in early 2021, when shares traded at as much as $100, might feel that the takeover price is too low. A case could be made that ATVI deserves a higher takeover price based on its future growth outlook, but I believe that ATVI&#39;s shareholders are getting a pretty reasonable payment here.</p><p>I own shares in both companies, with the ATVI position being a relatively new one, bought in late 2021 at around $65 per share (missing the bottom, which was at $56). I am happy to bag a 30%+ return for a couple of months and plan to sell my shares in the near term, even though I won&#39;t receive the full $95 per share by doing so. I might deploy some of the proceeds into MSFT, although not all of them, as I deem Microsoft pretty expensive right now. MSFT is, after all, trading at more than 33x this year&#39;s net profits (ATVI, for reference, was trading at just 17x forward profits when I bought my stake).</p><p>For those ATVI investors that want to have exposure to ATVI&#39;s IP, buying MSFT is a logical choice, although they should be clear about the fact that ATVI will only be a relatively small part of the much bigger MSFT. For those that want to deploy their money into a 100% gaming-focused pick, Take-Two Interactive (TTWO) could be a reasonable choice - its shares have become less expensive following the announcement of the Zynga (ZNGA) deal, and TTWO owns strong IP as well (e.g., GTA).</p><p></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>Microsoft Takes Out Activision: Everything You Need To Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Takes Out Activision: Everything You Need To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-19 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4480128-msft-takes-out-atvi><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMicrosoft will acquire Activision Blizzard for $95 per share.This makes for a hefty premium compared to where ATVI traded in recent months, but ATVI traded at higher prices one year ago.This ...</p>\n\n<a href=\"https://seekingalpha.com/article/4480128-msft-takes-out-atvi\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","ATVI":"动视暴雪"},"source_url":"https://seekingalpha.com/article/4480128-msft-takes-out-atvi","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145231721","content_text":"SummaryMicrosoft will acquire Activision Blizzard for $95 per share.This makes for a hefty premium compared to where ATVI traded in recent months, but ATVI traded at higher prices one year ago.This deal makes a lot of sense for MSFT, as it will be accretive while there is also a strategic rationale to get gaming IP.Looking for a helping hand in the market? Members of Cash Flow Kingdom get exclusive ideas and guidance to navigate any climate.Activision Blizzard, Inc. (ATVI), a leading gaming company, is getting acquired by Microsoft (MSFT), one of the largest tech companies in the world. The deal allows for compelling share price gains for those that bought into ATVI in the recent past when shares were pretty inexpensive. At the same time, I do believe that the takeover also makes a lot of sense for Microsoft. Not only is the deal immediately accretive thanks to ATVI's not very demanding valuation, but Microsoft is also able to access strong intellectual properties and will grow its strategic gaming division massively thanks to this takeover.ATVI OverviewActivision Blizzard is a company that was, in its current form, created in 2007 when Vivendi (which owned Blizzard) and Activision agreed on a merger. Activision Blizzard is one of the largest gaming companies in the world, with annual sales of around $10 billion. Its intellectual property includes many established and sought-after franchises, including the Call of Duty franchise, the Tony Hawk franchise, the Warcraft and StarCraft franchises, the Diablo franchise, and many more. Some of the company's products utilize a free-to-play approach where in-game upgrades etc. can be purchased, such as Candy Crush. Other titles, such as the CoD franchise, come with a one-time purchase price, while others, such as World of Warcraft, require a monthly subscription fee. Some of the company's IP can be seen in the following graphic:ATVI IPATVI presentationThere is a wide range of products addressing different groups of gamers across age groups, platforms (mobile, PC, gaming consoles), and content. This allows ATVI to address hundreds of millions of gamers with its products, although it should be noted that many of those users are non-paying gamers that play ATVI's free-to-play mobile games. Still, even the company's premium products, such as the CoD franchise and the Blizzard products, have monthly users of more than 100 million (in total), per ATVI's most recent quarterly report.Data byYChartsOver the last decade, ATVI has grown its revenue by 100%, and its cash flow by 200%. This makes for an annual growth rate of 7% and 12%, respectively, which I deem attractive. Revenue growth is, at least partially, driven by the growth across the global gaming industry. Playing games across a wide range of platforms is a type of entertainment that is becoming more popular over time, and thatgains shareversus other forms of entertainment, such as watching TV. In this growing market, ATVI didn't have any problems in generating business growth. Thanks to its strong IP and some takeovers, the company was able to grow its business quite meaningfully. Operating leverage, in turn, allowed the company to grow its profits and cash flow significantly faster than its revenue. Producing a title does come with relatively fixed costs, and selling the title to a growing number of consumers leads to outsized gains in profits and cash flow.The global gaming market will, according to most forecasts, continue to grow rapidly for the foreseeable future. Some experts forecast that revenues will grow by10%+through the 2020s. Even if that turns out to be a too aggressive estimate, it seems pretty clear that global gaming sales will rise in the future. Current consensus estimates see ATVI grow its revenue from a little more than $9 billion this year to $18 billion in 2027, while its earnings per share are forecasted to grow from $3.80 this year to more than $9 over the same time frame. These analyst estimates may not be 100% precise, but they should be in the ballpark of where ATVI's actual results will land. Clearly, Activision Blizzard is thus a company with a compelling longer-term growth outlook, thanks primarily to strong macro tailwinds for its industry.The Deal With MicrosoftMicrosoft agreed to acquire Activision Blizzard for$95 per share, which makes for a 45% premium to the price per share before the deal was announced. This will be an all-cash deal, thus Microsoft will not issue any new shares to finance the acquisition - investors thus don't have to worry about dilution.At the time of writing, ATVI trades at $86 per share, there thus is considerable room left versus the takeover price of $95. The takeover process will take some time, however, and management has guided that the deal will likely close in 2023. Investors will thus have to wait quite some time if they want to hold out for $95 per share, which is why I believe that selling in the high $80s or low $90s could make sense, as funds could be deployed elsewhere. Investors should also consider the risk that the acquisition could fall through, although I do not deem this particularly likely. It should be noted that it is also possible that another suitor comes out with a competing bid in the coming months, although I do not deem this especially likely, either.Based on a share count of around 780 million, the deal values the company at $74 billion. We should adjust this for ATVI's net cash position, however, which stands at $6 billion. The actual price that Microsoft will pay for Activision Blizzard, net of cash and debt acquired, is thus $68 billion. For a company with around $3 billion in operating cash flow that isn't a low amount of money, but it isn't especially much, either. In fact, ATVI's cash flow multiple (at the takeover price) of around 23 is lower than Microsoft's current cash flow multiple of 28.Microsoft is thus acquiring a company that is cheaper than Microsoft itself, even factoring in the takeover premium. At the same time, ATVI is forecasted to grow faster than MSFT, thus this deal looks pretty good for Microsoft: Microsoft can use a portion of its (non-productive) cash pile to acquire a company that is growing faster than itself and that trades at a lower valuation.At the same time, there is also a strong strategic rationale for Microsoft to do this takeover. Microsoft's gaming franchise is solid, but lacking scale and strong/attractive intellectual property. By acquiring ATVI, with its established huge franchises, such as CoD or Diablo, Microsoft can strengthen its position in an area where it is currently looking relatively weak. At the same time, with Microsoft's massive resources, investments in ATVI's franchises could be increased, which would possibly allow for a better output when it comes to class A titles in the future. Since Microsoft already owns one of the major gaming platforms (Xbox), getting a stronger hold on the software side will make Microsoft a stronger player in the gaming industry overall. I wouldn't be surprised to see Microsoft develop more exclusive Xbox titles in the future, using ATVI's IP, which should also drive sales for Microsoft's gaming hardware side.What It Means For ATVI And MSFT ShareholdersFor Microsoft's shareholders, this seems like a huge win - which is why I was surprised to see MSFT's shares decline initially. Microsoft gets to deploy cash in an accretive way (more accretive than buybacks) while strengthening the company's position in a huge growth market. There is, from Microsoft's side, nothing to dislike about this deal, I believe. I personally think that it makes more sense than the LinkedIn acquisition, for example.For Activision Blizzard's shareholders, the acquisition looks pretty solid as well - especially for those that bought when shares were pretty inexpensive over the last couple of months. Those that bought in early 2021, when shares traded at as much as $100, might feel that the takeover price is too low. A case could be made that ATVI deserves a higher takeover price based on its future growth outlook, but I believe that ATVI's shareholders are getting a pretty reasonable payment here.I own shares in both companies, with the ATVI position being a relatively new one, bought in late 2021 at around $65 per share (missing the bottom, which was at $56). I am happy to bag a 30%+ return for a couple of months and plan to sell my shares in the near term, even though I won't receive the full $95 per share by doing so. I might deploy some of the proceeds into MSFT, although not all of them, as I deem Microsoft pretty expensive right now. MSFT is, after all, trading at more than 33x this year's net profits (ATVI, for reference, was trading at just 17x forward profits when I bought my stake).For those ATVI investors that want to have exposure to ATVI's IP, buying MSFT is a logical choice, although they should be clear about the fact that ATVI will only be a relatively small part of the much bigger MSFT. For those that want to deploy their money into a 100% gaming-focused pick, Take-Two Interactive (TTWO) could be a reasonable choice - its shares have become less expensive following the announcement of the Zynga (ZNGA) deal, and TTWO owns strong IP as well (e.g., GTA).","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9096551956,"gmtCreate":1644426360588,"gmtModify":1676533924902,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"gd","listText":"gd","text":"gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096551956","repostId":"1173285439","repostType":4,"repost":{"id":"1173285439","kind":"news","pubTimestamp":1644420204,"share":"https://ttm.financial/m/news/1173285439?lang=&edition=fundamental","pubTime":"2022-02-09 23:23","market":"us","language":"en","title":"10 Fintech Stocks To Own Until 2032 and Beyond","url":"https://stock-news.laohu8.com/highlight/detail?id=1173285439","media":"InvestorPlace","summary":"It was one of the hottest sectors early last year. But since late 2021, financial technology (fintec","content":"<html><head></head><body><p>It was one of the hottest sectors early last year. But since late 2021, financial technology (fintech) stocks have fallen out of favor. Although much of this can be chalked up to the market’s overall shunning of growth stocks, ahead of higher interest rates, a shift in sentiment for the sector has played a big role as well.</p><p>That is, after the pandemic helped to boost excitement about the “digitization of money” trend, enthusiasm has cooled off. Investors are dialing back their expectations about how quickly these dynamic, tech-focused companies will disrupt “old school” banks and other traditional financial institutions.</p><p>Regarding the near-term, this makes sense. In hindsight, it’s clear the market put the cart before the horse, sending many of these names to unsustainable valuations. Yet now, with the big sell-off experienced in the sector across-the-board, many are now priced at rates that underestimate their long-term prospects.</p><p>Namely, that thegenerational shiftplaying out now bodes well for the industry. Millennials are reaching middle age. Generation Z has come of age. Desiring greater access, convenience, and flexibility from financial services, their needs/wants will dictate which companies will thrive, and which will struggle.</p><p>As things are just getting warmed up for the industry, now may be the time to place long-term bets. Ten years from now, taking a “set it and forget” (buy and hold) approach with these ten fintech stocks could prove to be a highly profitable move in hindsight:</p><ul><li><a href=\"https://laohu8.com/S/BKKT\">Bakkt Holdings</a></li><li><a href=\"https://laohu8.com/S/FISV\">Fiserv</a></li><li><a href=\"https://laohu8.com/S/INTU\">Intuit </a></li><li><a href=\"https://laohu8.com/S/MA\">Mastercard </a></li><li><a href=\"https://laohu8.com/S/PSFE\">Paysafe </a></li><li><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></li><li><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies </a></li><li><a href=\"https://laohu8.com/S/SQ\">Block</a></li><li><a href=\"https://laohu8.com/S/UPST\">Upstart </a></li><li><a href=\"https://laohu8.com/S/WU\">Western Union</a></li></ul><ul><li><a href=\"https://laohu8.com/S/BKKT\">Bakkt Holdings</a></li></ul><p><img src=\"https://static.tigerbbs.com/4254e8608531e68bc9f8c623593c4bdc\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: 24K-Production / Shutterstock.com</p><p>Today, BKKT stock may seem like a meme play that’s had its day. In October, this former special purpose acquisition company (SPAC) skyrocketed in price. Yet since that “to the moon” move, it’s collapsed in price. BKKT went from over $50 per share, down to around $5.50 per share.</p><p>To many, this may make thiscrypto-focused fintech firmlook like just another busted SPAC stock. Doomed to languish at single-digit prices, much like what’s happened to names like <b>Clover Health</b>(NASDAQ:<b>CLOV</b>).</p><p>However, while Bakkt is struggling at present, you may not want to jump to the conclusion that it’s a flash-in-the-pan name that’s never coming back.</p><p>Admittedly, crypto is in a tough spot right now. Upcoming rate hikes have dampened its appeal as a U.S. dollar alternative. Governmental control/regulation of this for-now decentralized market isalso on the horizon. Still, this may not necessarily mean the “end of crypto.” In fact, its integration into the traditional financial system could be a boon for Bakkt.</p><p>As its platform helps to facilitate crypto-related transactions, it may actually see a benefit from this market losing its current “wild west” status. In the months ahead, it may continue to flounder. It may also have to raise cash (on dilutive terms) in order to ride things out. Nevertheless, while you may want to take a closer look before taking it as a long-term holding, consider it one of the fintech stocks to keep an eye on, as a way to play the trend.</p><ul><li><a href=\"https://laohu8.com/S/FISV\">Fiserv</a></li></ul><p><img src=\"https://static.tigerbbs.com/44708bf1912ddfe3d8b10908fec9b493\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Tada Images / Shutterstock.com</p><p>Fiserv is a legacy payment processing company. Although hardly a household name, it has more in common with Mastercard and<b>Visa</b>(NYSE:<b><u>V</u></b>) than it does with, say, PayPal. Even so, much like how you shouldn’t write off Mastercard and Visa as dinosaurs in light of fintech trends, the same thing applies here with this company.</p><p>Via services like itsCarat ecommerce ecosystem, and its Clover point-of-sale transaction platform, the company is keeping up with the digitalization of finance. It’s also bolstering its fintech bona fides,through its purchase of BentoBox, which is to restaurants what its Carat ecosystem is to online retail.</p><p>That’s not all. Not only is this company a fintech stock masquerading as an old-school payments stock, it’s a relatively cheap one to boot. FISV stock today trades for around 18.9x projected 2021 earnings, and 16.4x projected 2022 earnings. Yes, this established company isn’t growing at the same clip as more early-stage names.</p><p>However, with earnings expected to jump around 15.5% this year, it may be deserving a slightly higher valuation. At just over $100 per share today, and if you add in the potential for it to see continued strong growth and adaptation, then Fiserv could be trading for substantially higher prices ten years out.</p><ul><li><a href=\"https://laohu8.com/S/INTU\">Intuit </a></li></ul><p><img src=\"https://static.tigerbbs.com/1ea5d33afe04711661ec74063845e9e8\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: dennizn / Shutterstock.com</p><p>When you think of Intuit, this software company’s QuickBooks and TurboTax services may first come to mind. Both nice business to have under one’s belt for sure. High margin, with deep economic moats. But do they make them a fintech company? At first, you may think instead this is more like a finance-focused software as a service (SaaS) company.</p><p>However, don’t forget that Credit Karma and Mint are its other major products. All together, they’ve helped it capitalize on the integration of finance and technology. They’ve also enabled this more mature company to grow itsannual revenuefrom $6.78 billion in Fiscal 2019 (ending July 2019), to $10.3 billion over the trailing twelve months.</p><p>Chances are, they’ll continue to do so in the years ahead. With its aforementioned platforms, it is well-positioned to remain a one stop shop for Millennials and Gen Z to do their taxes, access credit, and manage their wealth. Intuit’s enterprise offerings also put it in a great spot to benefit from thedigitalization of corporate accounting/finance.</p><p>After dropping 15% so far this year, due to the tech-selloff, INTU appears to be a fintech stock on sale. You may want to grab it, either now, or any additional weakness that may arise over the next few months.</p><p><a href=\"https://laohu8.com/S/MA\">Mastercard </a><img src=\"https://static.tigerbbs.com/761790ce672a3f19aca9e325ff53218c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: David Cardinez / Shutterstock.com</p><p>Mastercard is a high-quality business. The credit card processor continues to operate in an oligopoly with its longtime rival Visa. This brings with it high profit margins, and consistent profitability.</p><p>Unfortunately, it also brings with it a premium valuation for MA stock. Trading for 36.7x, it may seem pricey. Especially as it seems that, in time, fintech rivals will drain its economic moat, taking away its edge, and possibly its status as a “wonderful company.”</p><p>Then again, concerns about it getting its lunch eaten by newer fintechs may be overblown. At least, that’s the view of<b>Weitz Investment Management</b>. The asset management firm’s portfolio managers recently argued that both Mastercard and Visa operate“the rails over which electronic payments travel.”This leaves upstarts dependent on them in order to operate.</p><p>It also gives the old school processors like this one an edge in terms of competing with them. The company is doing just that,via recent acquisitions. This may explain why MA stock has held up a lot better lately, as the market appreciates its incumbent status. It may also pave the way for the stock, which at around $374 per share is just under its all-time high, to continue climbing higher, its premium valuation notwithstanding.</p><p><a href=\"https://laohu8.com/S/PSFE\">Paysafe </a><img src=\"https://static.tigerbbs.com/05bc206367e566c4cf2bf127eb79afd2\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Sulastri Sulastri / Shutterstock.com</p><p>A year ago, PSFE stock was in the catbird’s set, in a way. A payment processor for the online gambling industry, it appeared well-positioned to benefit from the explosion of legalized sportsbooks and online casinos in the U.S.</p><p>It was also a SPAC stock. This resulted in a lot of attention from speculators, looking to “get rich” from the bubble that emerged last year in this once-arcane area of the market. Unfortunately, throughout 2021, its connection to both trends went from being a positive, to being a negative.</p><p>First, the SPAC wipeout, which put shares on a downwards trajectory right from the start after its “deSPACing.” Then, the deflating of the sports betting bubble,plus downward revisions to its guidance, put it into freefall in November.</p><p>The end result? Changing hands today for about $3.5 per share, it’s fallen more than 80% over the past year. The past twelve months have been tough for PSFE stock. Still, you may want to take a second look, following its beatdown. As<i>InvestorPlace’s</i>Dana Blankenhorn recently argued, the situation with the companycould change in the years ahead. It may get worse before it gets better, yet getting in today, and riding out volatility, shares could ultimately re-hit higher prices.</p><p><a href=\"https://laohu8.com/S/PYPL\">PayPal </a><img src=\"https://static.tigerbbs.com/5ea6870df0834f18dbf86a1cf8e754be\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: JHVEPhoto / Shutterstock.com</p><p>You can’t talk about fintech stocks without talking about PayPal. With the launch of its payments platform two decades back, it is a pioneer in this space. With a wide variety of financial service offerings for individuals and merchants, it controls a large piece of the digital segments market.</p><p>The “digitization of money” trade, which kicked off at the start of the pandemic, resulted in PYPL stock going on a stunning run. Between spring of 2020, and last summer, it soared from around $100, to as much as $310.16 per share. Yet since July 2021, it’s taken a big dive.</p><p>At around $120 per share today, it’s all but given back its gains over the past two years. The reasons for this are numerous. First, of course, the upcoming rate hikes have made investors less bullish on growth plays. Second,underwhelming quarterly results and outlookhave made the market more hesitant to give it a premium valuation.</p><p>So, with so much bad news, which include it as a possible buy? There may be a silver lining to its recent troubles. The resultant price declines have pushed it to a much more reasonable valuation (26.9x). If its growth slowdown is not as bad as it looks, its recent big declines could reverse in time.</p><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies </a><img src=\"https://static.tigerbbs.com/6f36bf2ff4a2a456a111d05f4d9bc669\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: rafapress / Shutterstock.com</p><p>As the market has soured on fintech stocks, so too have they grown less enthusiastic about SOFI stock. As you may recall, the former SPAC looked like it was on the verge of making a comeback last fall. But between all the sentiment shifts and volatility experienced since then, it’s no surprise that shares have taken a sharp plunge over the past three months.</p><p>Trading in the low-$20s per share in mid-November, today the digital-first financial supermarket trades for around $12 per share. Put simply, this may have been an overreaction. Not only does the continued rise of fintech bode well for it in the long-term. In the short-term, it may have a shot of making a recovery.</p><p>Last week, I discussed how SOFI stock may be one of the best names to buy followingWall Street’s late January move into panic mode. Why? Now holding a banking charter, the company may be getting into traditional banking at the right time, as interest rates rise. This may give it a quicker path to the point of profitability.</p><p>If SoFi Technologies gets out of the red, and keeps on seeing its platform expand (in terms of both revenue and users), the stock could get out of its recent slump. At the very least, make a partial recovery.</p><p><a href=\"https://laohu8.com/S/SQ\">Block </a><img src=\"https://static.tigerbbs.com/74d0d3568ed5a0dabc0c571d18f99a19\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: IgorGolovniov / Shutterstock.com</p><p>Like with its rival PayPal, Block (formerly Square) has seen the crowd from being extremely in its favor, to extremely out of its favor. It hasn’t given back all of its pandemic era gains. Yet after falling around 60% over the past six months, to $109 per share, it pretty much has done just that.</p><p>The crowd’s no longer on its side, but<b>JPMorgan’s</b>(NYSE:<b>JPM</b>) Tien-Tsin Huang doesn’t see this as a reason to avoid the stock. Instead, the sell-side analyst hasrecently rated shares a “buy,” with a $200 per share price target. Huang’s rationale? With the Afterpay deal now under its belt, integrating it with its existing operations could help boost gross profits.</p><p>In the longer run, with its multitude of platforms (Square merchant services, CashApp and now Afterpay for customers), Block still stands to benefit greatly from the continued rise of fintech. Having said all this, valuation may remain a concern. The stock today trades for around 54x earnings.</p><p>If rate hikes come in worse than expected, this rich valuation could see further compression. You may not want to jump into SQ stock right away. Keep this on your watchlist of fintech stocks, possibly buying it if it takes another major dive.</p><p><a href=\"https://laohu8.com/S/UPST\">Upstart </a><img src=\"https://static.tigerbbs.com/6eb090a090093773dab0e47a96d93ec5\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Postmodern Studio / Shutterstock.com</p><p>Like SOFI, UPST stock is another fintech stock that could become a winner again well before 2032 arrives. Albeit, with a caveat. A rebound will only happen if upcoming rate hikes aren’t as severe as the most doom and gloom forecasts suggest.</p><p>What do I mean? As I recently discussed, the upcoming rise in interest rates has resulted in severe multiple compression for shares in fast-growing tech companies. Yet in the case of Upstart, whose technology enables lenders to assess credit risk using artificial intelligence (AI), the compression may have been overdone.</p><p>Unlike some other fintech/SaaS names, which have seen high revenue growth, but no profits,that’s not the case here with UPST stock. With the rapid adoption of its platform last year, the company’s top-line has skyrocketed, and it currently generates positive earnings.</p><p>Although its rate of growth is slowing down (from 245.6% to 49.5%), it could see a big boost, if three rate hikes of 0.25% each are all we see from the Federal Reserve in 2022. If earnings hit the top end of projections, and rates stay low enough that this stock can sustain a P/E ratio of 101x? A move back to over $200 per share for this stock (currently just under $100 per share) may be achievable.</p><p><a href=\"https://laohu8.com/S/WU\">Western Union </a><img src=\"https://static.tigerbbs.com/46fa8ce4c8109fefb57a0e665086e29a\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: DW labs Incorporated/Shutterstock.com</p><p>To wrap up this gallery, let’s take a look at a name that really doesn’t appear to be a fintech play on the surface. I’ll concede that it’s far easier to make the “dinosaur” argument for Western Union than it is for Fiserv and Mastercard.</p><p>Its name alone, harkening back to its 19th century roots as a telegraph company, suggests its not long for this more digitized financial world. Even so, before declaring that it’s done for in a world where crypto, payment apps, and other solutions make its money transfer business archaic, bear in mind it’staking active steps to stay relevantto changes in global fund remittance.</p><p>That’s not to say it’ll pan out. After all, you can cite scores of old line companies whose attempts to adapt to chance were too little, too late. Yet with WU stock, trading for just 9.22x earnings, its secular decline is already priced-in. Perhaps, too priced-in.</p><p>Even if it has just a limited amount of success with a digital transformation then it may be enough to help spark an outsized rebound for this cheaply priced stock. Yes, it’s more a deep value play than one of the other fintech stocks here. Even so, you may still want to consider buying it, as it stays at a fire sale price.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Fintech Stocks To Own Until 2032 and Beyond</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\">\n10 Fintech Stocks To Own Until 2032 and Beyond\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-09 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/10-fintech-stocks-to-own-until-2032-and-beyond/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It was one of the hottest sectors early last year. But since late 2021, financial technology (fintech) stocks have fallen out of favor. Although much of this can be chalked up to the market’s overall ...</p>\n\n<a href=\"https://investorplace.com/2022/02/10-fintech-stocks-to-own-until-2032-and-beyond/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BKKT":"Bakkt Holdings, Inc.","SOFI":"SoFi Technologies Inc.","WU":"西联汇款","UPST":"Upstart Holdings, Inc.","PYPL":"PayPal","SQ":"Block","MA":"万事达","PSFE":"Paysafe Ltd","INTU":"财捷"},"source_url":"https://investorplace.com/2022/02/10-fintech-stocks-to-own-until-2032-and-beyond/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173285439","content_text":"It was one of the hottest sectors early last year. But since late 2021, financial technology (fintech) stocks have fallen out of favor. Although much of this can be chalked up to the market’s overall shunning of growth stocks, ahead of higher interest rates, a shift in sentiment for the sector has played a big role as well.That is, after the pandemic helped to boost excitement about the “digitization of money” trend, enthusiasm has cooled off. Investors are dialing back their expectations about how quickly these dynamic, tech-focused companies will disrupt “old school” banks and other traditional financial institutions.Regarding the near-term, this makes sense. In hindsight, it’s clear the market put the cart before the horse, sending many of these names to unsustainable valuations. Yet now, with the big sell-off experienced in the sector across-the-board, many are now priced at rates that underestimate their long-term prospects.Namely, that thegenerational shiftplaying out now bodes well for the industry. Millennials are reaching middle age. Generation Z has come of age. Desiring greater access, convenience, and flexibility from financial services, their needs/wants will dictate which companies will thrive, and which will struggle.As things are just getting warmed up for the industry, now may be the time to place long-term bets. Ten years from now, taking a “set it and forget” (buy and hold) approach with these ten fintech stocks could prove to be a highly profitable move in hindsight:Bakkt HoldingsFiservIntuit Mastercard Paysafe PayPalSoFi Technologies BlockUpstart Western UnionBakkt HoldingsSource: 24K-Production / Shutterstock.comToday, BKKT stock may seem like a meme play that’s had its day. In October, this former special purpose acquisition company (SPAC) skyrocketed in price. Yet since that “to the moon” move, it’s collapsed in price. BKKT went from over $50 per share, down to around $5.50 per share.To many, this may make thiscrypto-focused fintech firmlook like just another busted SPAC stock. Doomed to languish at single-digit prices, much like what’s happened to names like Clover Health(NASDAQ:CLOV).However, while Bakkt is struggling at present, you may not want to jump to the conclusion that it’s a flash-in-the-pan name that’s never coming back.Admittedly, crypto is in a tough spot right now. Upcoming rate hikes have dampened its appeal as a U.S. dollar alternative. Governmental control/regulation of this for-now decentralized market isalso on the horizon. Still, this may not necessarily mean the “end of crypto.” In fact, its integration into the traditional financial system could be a boon for Bakkt.As its platform helps to facilitate crypto-related transactions, it may actually see a benefit from this market losing its current “wild west” status. In the months ahead, it may continue to flounder. It may also have to raise cash (on dilutive terms) in order to ride things out. Nevertheless, while you may want to take a closer look before taking it as a long-term holding, consider it one of the fintech stocks to keep an eye on, as a way to play the trend.FiservSource: Tada Images / Shutterstock.comFiserv is a legacy payment processing company. Although hardly a household name, it has more in common with Mastercard andVisa(NYSE:V) than it does with, say, PayPal. Even so, much like how you shouldn’t write off Mastercard and Visa as dinosaurs in light of fintech trends, the same thing applies here with this company.Via services like itsCarat ecommerce ecosystem, and its Clover point-of-sale transaction platform, the company is keeping up with the digitalization of finance. It’s also bolstering its fintech bona fides,through its purchase of BentoBox, which is to restaurants what its Carat ecosystem is to online retail.That’s not all. Not only is this company a fintech stock masquerading as an old-school payments stock, it’s a relatively cheap one to boot. FISV stock today trades for around 18.9x projected 2021 earnings, and 16.4x projected 2022 earnings. Yes, this established company isn’t growing at the same clip as more early-stage names.However, with earnings expected to jump around 15.5% this year, it may be deserving a slightly higher valuation. At just over $100 per share today, and if you add in the potential for it to see continued strong growth and adaptation, then Fiserv could be trading for substantially higher prices ten years out.Intuit Source: dennizn / Shutterstock.comWhen you think of Intuit, this software company’s QuickBooks and TurboTax services may first come to mind. Both nice business to have under one’s belt for sure. High margin, with deep economic moats. But do they make them a fintech company? At first, you may think instead this is more like a finance-focused software as a service (SaaS) company.However, don’t forget that Credit Karma and Mint are its other major products. All together, they’ve helped it capitalize on the integration of finance and technology. They’ve also enabled this more mature company to grow itsannual revenuefrom $6.78 billion in Fiscal 2019 (ending July 2019), to $10.3 billion over the trailing twelve months.Chances are, they’ll continue to do so in the years ahead. With its aforementioned platforms, it is well-positioned to remain a one stop shop for Millennials and Gen Z to do their taxes, access credit, and manage their wealth. Intuit’s enterprise offerings also put it in a great spot to benefit from thedigitalization of corporate accounting/finance.After dropping 15% so far this year, due to the tech-selloff, INTU appears to be a fintech stock on sale. You may want to grab it, either now, or any additional weakness that may arise over the next few months.Mastercard Source: David Cardinez / Shutterstock.comMastercard is a high-quality business. The credit card processor continues to operate in an oligopoly with its longtime rival Visa. This brings with it high profit margins, and consistent profitability.Unfortunately, it also brings with it a premium valuation for MA stock. Trading for 36.7x, it may seem pricey. Especially as it seems that, in time, fintech rivals will drain its economic moat, taking away its edge, and possibly its status as a “wonderful company.”Then again, concerns about it getting its lunch eaten by newer fintechs may be overblown. At least, that’s the view ofWeitz Investment Management. The asset management firm’s portfolio managers recently argued that both Mastercard and Visa operate“the rails over which electronic payments travel.”This leaves upstarts dependent on them in order to operate.It also gives the old school processors like this one an edge in terms of competing with them. The company is doing just that,via recent acquisitions. This may explain why MA stock has held up a lot better lately, as the market appreciates its incumbent status. It may also pave the way for the stock, which at around $374 per share is just under its all-time high, to continue climbing higher, its premium valuation notwithstanding.Paysafe Source: Sulastri Sulastri / Shutterstock.comA year ago, PSFE stock was in the catbird’s set, in a way. A payment processor for the online gambling industry, it appeared well-positioned to benefit from the explosion of legalized sportsbooks and online casinos in the U.S.It was also a SPAC stock. This resulted in a lot of attention from speculators, looking to “get rich” from the bubble that emerged last year in this once-arcane area of the market. Unfortunately, throughout 2021, its connection to both trends went from being a positive, to being a negative.First, the SPAC wipeout, which put shares on a downwards trajectory right from the start after its “deSPACing.” Then, the deflating of the sports betting bubble,plus downward revisions to its guidance, put it into freefall in November.The end result? Changing hands today for about $3.5 per share, it’s fallen more than 80% over the past year. The past twelve months have been tough for PSFE stock. Still, you may want to take a second look, following its beatdown. AsInvestorPlace’sDana Blankenhorn recently argued, the situation with the companycould change in the years ahead. It may get worse before it gets better, yet getting in today, and riding out volatility, shares could ultimately re-hit higher prices.PayPal Source: JHVEPhoto / Shutterstock.comYou can’t talk about fintech stocks without talking about PayPal. With the launch of its payments platform two decades back, it is a pioneer in this space. With a wide variety of financial service offerings for individuals and merchants, it controls a large piece of the digital segments market.The “digitization of money” trade, which kicked off at the start of the pandemic, resulted in PYPL stock going on a stunning run. Between spring of 2020, and last summer, it soared from around $100, to as much as $310.16 per share. Yet since July 2021, it’s taken a big dive.At around $120 per share today, it’s all but given back its gains over the past two years. The reasons for this are numerous. First, of course, the upcoming rate hikes have made investors less bullish on growth plays. Second,underwhelming quarterly results and outlookhave made the market more hesitant to give it a premium valuation.So, with so much bad news, which include it as a possible buy? There may be a silver lining to its recent troubles. The resultant price declines have pushed it to a much more reasonable valuation (26.9x). If its growth slowdown is not as bad as it looks, its recent big declines could reverse in time.SoFi Technologies Source: rafapress / Shutterstock.comAs the market has soured on fintech stocks, so too have they grown less enthusiastic about SOFI stock. As you may recall, the former SPAC looked like it was on the verge of making a comeback last fall. But between all the sentiment shifts and volatility experienced since then, it’s no surprise that shares have taken a sharp plunge over the past three months.Trading in the low-$20s per share in mid-November, today the digital-first financial supermarket trades for around $12 per share. Put simply, this may have been an overreaction. Not only does the continued rise of fintech bode well for it in the long-term. In the short-term, it may have a shot of making a recovery.Last week, I discussed how SOFI stock may be one of the best names to buy followingWall Street’s late January move into panic mode. Why? Now holding a banking charter, the company may be getting into traditional banking at the right time, as interest rates rise. This may give it a quicker path to the point of profitability.If SoFi Technologies gets out of the red, and keeps on seeing its platform expand (in terms of both revenue and users), the stock could get out of its recent slump. At the very least, make a partial recovery.Block Source: IgorGolovniov / Shutterstock.comLike with its rival PayPal, Block (formerly Square) has seen the crowd from being extremely in its favor, to extremely out of its favor. It hasn’t given back all of its pandemic era gains. Yet after falling around 60% over the past six months, to $109 per share, it pretty much has done just that.The crowd’s no longer on its side, butJPMorgan’s(NYSE:JPM) Tien-Tsin Huang doesn’t see this as a reason to avoid the stock. Instead, the sell-side analyst hasrecently rated shares a “buy,” with a $200 per share price target. Huang’s rationale? With the Afterpay deal now under its belt, integrating it with its existing operations could help boost gross profits.In the longer run, with its multitude of platforms (Square merchant services, CashApp and now Afterpay for customers), Block still stands to benefit greatly from the continued rise of fintech. Having said all this, valuation may remain a concern. The stock today trades for around 54x earnings.If rate hikes come in worse than expected, this rich valuation could see further compression. You may not want to jump into SQ stock right away. Keep this on your watchlist of fintech stocks, possibly buying it if it takes another major dive.Upstart Source: Postmodern Studio / Shutterstock.comLike SOFI, UPST stock is another fintech stock that could become a winner again well before 2032 arrives. Albeit, with a caveat. A rebound will only happen if upcoming rate hikes aren’t as severe as the most doom and gloom forecasts suggest.What do I mean? As I recently discussed, the upcoming rise in interest rates has resulted in severe multiple compression for shares in fast-growing tech companies. Yet in the case of Upstart, whose technology enables lenders to assess credit risk using artificial intelligence (AI), the compression may have been overdone.Unlike some other fintech/SaaS names, which have seen high revenue growth, but no profits,that’s not the case here with UPST stock. With the rapid adoption of its platform last year, the company’s top-line has skyrocketed, and it currently generates positive earnings.Although its rate of growth is slowing down (from 245.6% to 49.5%), it could see a big boost, if three rate hikes of 0.25% each are all we see from the Federal Reserve in 2022. If earnings hit the top end of projections, and rates stay low enough that this stock can sustain a P/E ratio of 101x? A move back to over $200 per share for this stock (currently just under $100 per share) may be achievable.Western Union Source: DW labs Incorporated/Shutterstock.comTo wrap up this gallery, let’s take a look at a name that really doesn’t appear to be a fintech play on the surface. I’ll concede that it’s far easier to make the “dinosaur” argument for Western Union than it is for Fiserv and Mastercard.Its name alone, harkening back to its 19th century roots as a telegraph company, suggests its not long for this more digitized financial world. Even so, before declaring that it’s done for in a world where crypto, payment apps, and other solutions make its money transfer business archaic, bear in mind it’staking active steps to stay relevantto changes in global fund remittance.That’s not to say it’ll pan out. After all, you can cite scores of old line companies whose attempts to adapt to chance were too little, too late. Yet with WU stock, trading for just 9.22x earnings, its secular decline is already priced-in. Perhaps, too priced-in.Even if it has just a limited amount of success with a digital transformation then it may be enough to help spark an outsized rebound for this cheaply priced stock. Yes, it’s more a deep value play than one of the other fintech stocks here. Even so, you may still want to consider buying it, as it stays at a fire sale price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004610852,"gmtCreate":1642576670565,"gmtModify":1676533724557,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004610852","repostId":"1145231721","repostType":4,"repost":{"id":"1145231721","kind":"news","pubTimestamp":1642560526,"share":"https://ttm.financial/m/news/1145231721?lang=&edition=fundamental","pubTime":"2022-01-19 10:48","market":"us","language":"en","title":"Microsoft Takes Out Activision: Everything You Need To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1145231721","media":"Seeking Alpha","summary":"SummaryMicrosoft will acquire Activision Blizzard for $95 per share.This makes for a hefty premium c","content":"<html><head></head><body><p>Summary</p><ul><li>Microsoft will acquire Activision Blizzard for $95 per share.</li><li>This makes for a hefty premium compared to where ATVI traded in recent months, but ATVI traded at higher prices one year ago.</li><li>This deal makes a lot of sense for MSFT, as it will be accretive while there is also a strategic rationale to get gaming IP.</li><li>Looking for a helping hand in the market? Members of Cash Flow Kingdom get exclusive ideas and guidance to navigate any climate.</li></ul><p>Activision Blizzard, Inc. (ATVI), a leading gaming company, is getting acquired by Microsoft (MSFT), one of the largest tech companies in the world. The deal allows for compelling share price gains for those that bought into ATVI in the recent past when shares were pretty inexpensive. At the same time, I do believe that the takeover also makes a lot of sense for Microsoft. Not only is the deal immediately accretive thanks to ATVI&#39;s not very demanding valuation, but Microsoft is also able to access strong intellectual properties and will grow its strategic gaming division massively thanks to this takeover.</p><p><b>ATVI Overview</b></p><p>Activision Blizzard is a company that was, in its current form, created in 2007 when Vivendi (which owned Blizzard) and Activision agreed on a merger. Activision Blizzard is one of the largest gaming companies in the world, with annual sales of around $10 billion. Its intellectual property includes many established and sought-after franchises, including the Call of Duty franchise, the Tony Hawk franchise, the Warcraft and StarCraft franchises, the Diablo franchise, and many more. Some of the company&#39;s products utilize a free-to-play approach where in-game upgrades etc. can be purchased, such as Candy Crush. Other titles, such as the CoD franchise, come with a one-time purchase price, while others, such as World of Warcraft, require a monthly subscription fee. Some of the company&#39;s IP can be seen in the following graphic:</p><p><img src=\"https://static.tigerbbs.com/2f0c27788cd938b9ac5d39da69065280\" tg-width=\"640\" tg-height=\"580\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>ATVI IP</p><p><b>ATVI presentation</b></p><p>There is a wide range of products addressing different groups of gamers across age groups, platforms (mobile, PC, gaming consoles), and content. This allows ATVI to address hundreds of millions of gamers with its products, although it should be noted that many of those users are non-paying gamers that play ATVI&#39;s free-to-play mobile games. Still, even the company&#39;s premium products, such as the CoD franchise and the Blizzard products, have monthly users of more than 100 million (in total), per ATVI&#39;s most recent quarterly report.</p><p><img src=\"https://static.tigerbbs.com/11e56e2b4367c7533b790c0167186de6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>Over the last decade, ATVI has grown its revenue by 100%, and its cash flow by 200%. This makes for an annual growth rate of 7% and 12%, respectively, which I deem attractive. Revenue growth is, at least partially, driven by the growth across the global gaming industry. Playing games across a wide range of platforms is a type of entertainment that is becoming more popular over time, and thatgains shareversus other forms of entertainment, such as watching TV. In this growing market, ATVI didn&#39;t have any problems in generating business growth. Thanks to its strong IP and some takeovers, the company was able to grow its business quite meaningfully. Operating leverage, in turn, allowed the company to grow its profits and cash flow significantly faster than its revenue. Producing a title does come with relatively fixed costs, and selling the title to a growing number of consumers leads to outsized gains in profits and cash flow.</p><p>The global gaming market will, according to most forecasts, continue to grow rapidly for the foreseeable future. Some experts forecast that revenues will grow by10%+through the 2020s. Even if that turns out to be a too aggressive estimate, it seems pretty clear that global gaming sales will rise in the future. Current consensus estimates see ATVI grow its revenue from a little more than $9 billion this year to $18 billion in 2027, while its earnings per share are forecasted to grow from $3.80 this year to more than $9 over the same time frame. These analyst estimates may not be 100% precise, but they should be in the ballpark of where ATVI&#39;s actual results will land. Clearly, Activision Blizzard is thus a company with a compelling longer-term growth outlook, thanks primarily to strong macro tailwinds for its industry.</p><p><b>The Deal With Microsoft</b></p><p>Microsoft agreed to acquire Activision Blizzard for$95 per share, which makes for a 45% premium to the price per share before the deal was announced. This will be an all-cash deal, thus Microsoft will not issue any new shares to finance the acquisition - investors thus don&#39;t have to worry about dilution.</p><p>At the time of writing, ATVI trades at $86 per share, there thus is considerable room left versus the takeover price of $95. The takeover process will take some time, however, and management has guided that the deal will likely close in 2023. Investors will thus have to wait quite some time if they want to hold out for $95 per share, which is why I believe that selling in the high $80s or low $90s could make sense, as funds could be deployed elsewhere. Investors should also consider the risk that the acquisition could fall through, although I do not deem this particularly likely. It should be noted that it is also possible that another suitor comes out with a competing bid in the coming months, although I do not deem this especially likely, either.</p><p>Based on a share count of around 780 million, the deal values the company at $74 billion. We should adjust this for ATVI&#39;s net cash position, however, which stands at $6 billion. The actual price that Microsoft will pay for Activision Blizzard, net of cash and debt acquired, is thus $68 billion. For a company with around $3 billion in operating cash flow that isn&#39;t a low amount of money, but it isn&#39;t especially much, either. In fact, ATVI&#39;s cash flow multiple (at the takeover price) of around 23 is lower than Microsoft&#39;s current cash flow multiple of 28.</p><p>Microsoft is thus acquiring a company that is cheaper than Microsoft itself, even factoring in the takeover premium. At the same time, ATVI is forecasted to grow faster than MSFT, thus this deal looks pretty good for Microsoft: Microsoft can use a portion of its (non-productive) cash pile to acquire a company that is growing faster than itself and that trades at a lower valuation.</p><p>At the same time, there is also a strong strategic rationale for Microsoft to do this takeover. Microsoft&#39;s gaming franchise is solid, but lacking scale and strong/attractive intellectual property. By acquiring ATVI, with its established huge franchises, such as CoD or Diablo, Microsoft can strengthen its position in an area where it is currently looking relatively weak. At the same time, with Microsoft&#39;s massive resources, investments in ATVI&#39;s franchises could be increased, which would possibly allow for a better output when it comes to class A titles in the future. Since Microsoft already owns one of the major gaming platforms (Xbox), getting a stronger hold on the software side will make Microsoft a stronger player in the gaming industry overall. I wouldn&#39;t be surprised to see Microsoft develop more exclusive Xbox titles in the future, using ATVI&#39;s IP, which should also drive sales for Microsoft&#39;s gaming hardware side.</p><p><b>What It Means For ATVI And MSFT Shareholders</b></p><p>For Microsoft&#39;s shareholders, this seems like a huge win - which is why I was surprised to see MSFT&#39;s shares decline initially. Microsoft gets to deploy cash in an accretive way (more accretive than buybacks) while strengthening the company&#39;s position in a huge growth market. There is, from Microsoft&#39;s side, nothing to dislike about this deal, I believe. I personally think that it makes more sense than the LinkedIn acquisition, for example.</p><p>For Activision Blizzard&#39;s shareholders, the acquisition looks pretty solid as well - especially for those that bought when shares were pretty inexpensive over the last couple of months. Those that bought in early 2021, when shares traded at as much as $100, might feel that the takeover price is too low. A case could be made that ATVI deserves a higher takeover price based on its future growth outlook, but I believe that ATVI&#39;s shareholders are getting a pretty reasonable payment here.</p><p>I own shares in both companies, with the ATVI position being a relatively new one, bought in late 2021 at around $65 per share (missing the bottom, which was at $56). I am happy to bag a 30%+ return for a couple of months and plan to sell my shares in the near term, even though I won&#39;t receive the full $95 per share by doing so. I might deploy some of the proceeds into MSFT, although not all of them, as I deem Microsoft pretty expensive right now. MSFT is, after all, trading at more than 33x this year&#39;s net profits (ATVI, for reference, was trading at just 17x forward profits when I bought my stake).</p><p>For those ATVI investors that want to have exposure to ATVI&#39;s IP, buying MSFT is a logical choice, although they should be clear about the fact that ATVI will only be a relatively small part of the much bigger MSFT. For those that want to deploy their money into a 100% gaming-focused pick, Take-Two Interactive (TTWO) could be a reasonable choice - its shares have become less expensive following the announcement of the Zynga (ZNGA) deal, and TTWO owns strong IP as well (e.g., GTA).</p><p></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>Microsoft Takes Out Activision: Everything You Need To Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Takes Out Activision: Everything You Need To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-19 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4480128-msft-takes-out-atvi><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMicrosoft will acquire Activision Blizzard for $95 per share.This makes for a hefty premium compared to where ATVI traded in recent months, but ATVI traded at higher prices one year ago.This ...</p>\n\n<a href=\"https://seekingalpha.com/article/4480128-msft-takes-out-atvi\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","ATVI":"动视暴雪"},"source_url":"https://seekingalpha.com/article/4480128-msft-takes-out-atvi","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145231721","content_text":"SummaryMicrosoft will acquire Activision Blizzard for $95 per share.This makes for a hefty premium compared to where ATVI traded in recent months, but ATVI traded at higher prices one year ago.This deal makes a lot of sense for MSFT, as it will be accretive while there is also a strategic rationale to get gaming IP.Looking for a helping hand in the market? Members of Cash Flow Kingdom get exclusive ideas and guidance to navigate any climate.Activision Blizzard, Inc. (ATVI), a leading gaming company, is getting acquired by Microsoft (MSFT), one of the largest tech companies in the world. The deal allows for compelling share price gains for those that bought into ATVI in the recent past when shares were pretty inexpensive. At the same time, I do believe that the takeover also makes a lot of sense for Microsoft. Not only is the deal immediately accretive thanks to ATVI's not very demanding valuation, but Microsoft is also able to access strong intellectual properties and will grow its strategic gaming division massively thanks to this takeover.ATVI OverviewActivision Blizzard is a company that was, in its current form, created in 2007 when Vivendi (which owned Blizzard) and Activision agreed on a merger. Activision Blizzard is one of the largest gaming companies in the world, with annual sales of around $10 billion. Its intellectual property includes many established and sought-after franchises, including the Call of Duty franchise, the Tony Hawk franchise, the Warcraft and StarCraft franchises, the Diablo franchise, and many more. Some of the company's products utilize a free-to-play approach where in-game upgrades etc. can be purchased, such as Candy Crush. Other titles, such as the CoD franchise, come with a one-time purchase price, while others, such as World of Warcraft, require a monthly subscription fee. Some of the company's IP can be seen in the following graphic:ATVI IPATVI presentationThere is a wide range of products addressing different groups of gamers across age groups, platforms (mobile, PC, gaming consoles), and content. This allows ATVI to address hundreds of millions of gamers with its products, although it should be noted that many of those users are non-paying gamers that play ATVI's free-to-play mobile games. Still, even the company's premium products, such as the CoD franchise and the Blizzard products, have monthly users of more than 100 million (in total), per ATVI's most recent quarterly report.Data byYChartsOver the last decade, ATVI has grown its revenue by 100%, and its cash flow by 200%. This makes for an annual growth rate of 7% and 12%, respectively, which I deem attractive. Revenue growth is, at least partially, driven by the growth across the global gaming industry. Playing games across a wide range of platforms is a type of entertainment that is becoming more popular over time, and thatgains shareversus other forms of entertainment, such as watching TV. In this growing market, ATVI didn't have any problems in generating business growth. Thanks to its strong IP and some takeovers, the company was able to grow its business quite meaningfully. Operating leverage, in turn, allowed the company to grow its profits and cash flow significantly faster than its revenue. Producing a title does come with relatively fixed costs, and selling the title to a growing number of consumers leads to outsized gains in profits and cash flow.The global gaming market will, according to most forecasts, continue to grow rapidly for the foreseeable future. Some experts forecast that revenues will grow by10%+through the 2020s. Even if that turns out to be a too aggressive estimate, it seems pretty clear that global gaming sales will rise in the future. Current consensus estimates see ATVI grow its revenue from a little more than $9 billion this year to $18 billion in 2027, while its earnings per share are forecasted to grow from $3.80 this year to more than $9 over the same time frame. These analyst estimates may not be 100% precise, but they should be in the ballpark of where ATVI's actual results will land. Clearly, Activision Blizzard is thus a company with a compelling longer-term growth outlook, thanks primarily to strong macro tailwinds for its industry.The Deal With MicrosoftMicrosoft agreed to acquire Activision Blizzard for$95 per share, which makes for a 45% premium to the price per share before the deal was announced. This will be an all-cash deal, thus Microsoft will not issue any new shares to finance the acquisition - investors thus don't have to worry about dilution.At the time of writing, ATVI trades at $86 per share, there thus is considerable room left versus the takeover price of $95. The takeover process will take some time, however, and management has guided that the deal will likely close in 2023. Investors will thus have to wait quite some time if they want to hold out for $95 per share, which is why I believe that selling in the high $80s or low $90s could make sense, as funds could be deployed elsewhere. Investors should also consider the risk that the acquisition could fall through, although I do not deem this particularly likely. It should be noted that it is also possible that another suitor comes out with a competing bid in the coming months, although I do not deem this especially likely, either.Based on a share count of around 780 million, the deal values the company at $74 billion. We should adjust this for ATVI's net cash position, however, which stands at $6 billion. The actual price that Microsoft will pay for Activision Blizzard, net of cash and debt acquired, is thus $68 billion. For a company with around $3 billion in operating cash flow that isn't a low amount of money, but it isn't especially much, either. In fact, ATVI's cash flow multiple (at the takeover price) of around 23 is lower than Microsoft's current cash flow multiple of 28.Microsoft is thus acquiring a company that is cheaper than Microsoft itself, even factoring in the takeover premium. At the same time, ATVI is forecasted to grow faster than MSFT, thus this deal looks pretty good for Microsoft: Microsoft can use a portion of its (non-productive) cash pile to acquire a company that is growing faster than itself and that trades at a lower valuation.At the same time, there is also a strong strategic rationale for Microsoft to do this takeover. Microsoft's gaming franchise is solid, but lacking scale and strong/attractive intellectual property. By acquiring ATVI, with its established huge franchises, such as CoD or Diablo, Microsoft can strengthen its position in an area where it is currently looking relatively weak. At the same time, with Microsoft's massive resources, investments in ATVI's franchises could be increased, which would possibly allow for a better output when it comes to class A titles in the future. Since Microsoft already owns one of the major gaming platforms (Xbox), getting a stronger hold on the software side will make Microsoft a stronger player in the gaming industry overall. I wouldn't be surprised to see Microsoft develop more exclusive Xbox titles in the future, using ATVI's IP, which should also drive sales for Microsoft's gaming hardware side.What It Means For ATVI And MSFT ShareholdersFor Microsoft's shareholders, this seems like a huge win - which is why I was surprised to see MSFT's shares decline initially. Microsoft gets to deploy cash in an accretive way (more accretive than buybacks) while strengthening the company's position in a huge growth market. There is, from Microsoft's side, nothing to dislike about this deal, I believe. I personally think that it makes more sense than the LinkedIn acquisition, for example.For Activision Blizzard's shareholders, the acquisition looks pretty solid as well - especially for those that bought when shares were pretty inexpensive over the last couple of months. Those that bought in early 2021, when shares traded at as much as $100, might feel that the takeover price is too low. A case could be made that ATVI deserves a higher takeover price based on its future growth outlook, but I believe that ATVI's shareholders are getting a pretty reasonable payment here.I own shares in both companies, with the ATVI position being a relatively new one, bought in late 2021 at around $65 per share (missing the bottom, which was at $56). I am happy to bag a 30%+ return for a couple of months and plan to sell my shares in the near term, even though I won't receive the full $95 per share by doing so. I might deploy some of the proceeds into MSFT, although not all of them, as I deem Microsoft pretty expensive right now. MSFT is, after all, trading at more than 33x this year's net profits (ATVI, for reference, was trading at just 17x forward profits when I bought my stake).For those ATVI investors that want to have exposure to ATVI's IP, buying MSFT is a logical choice, although they should be clear about the fact that ATVI will only be a relatively small part of the much bigger MSFT. For those that want to deploy their money into a 100% gaming-focused pick, Take-Two Interactive (TTWO) could be a reasonable choice - its shares have become less expensive following the announcement of the Zynga (ZNGA) deal, and TTWO owns strong IP as well (e.g., GTA).","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863068457,"gmtCreate":1632341151779,"gmtModify":1676530755930,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863068457","repostId":"1146187405","repostType":4,"repost":{"id":"1146187405","kind":"news","pubTimestamp":1632303895,"share":"https://ttm.financial/m/news/1146187405?lang=&edition=fundamental","pubTime":"2021-09-22 17:44","market":"us","language":"en","title":"Fed in focus today with taper talk and new dot plot engrossing Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1146187405","media":"seekingalpha","summary":"The Federal Reserve takes center stage, but the decision could well be a dud for a market that's bee","content":"<p>The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.</p>\n<p>This is certainly the most important FOMC meeting since, well, the last FOMC meeting. But if Chairman Jay Powell and company avoid taper talk and keep rate forecasts steady, Wall Street could shrug it off, like recent jobs and inflation reports.</p>\n<p>While nobody expects a rate hike when the statement arrives, there'scertainly a lot for the Fed to consider.</p>\n<p>\"Fed has to navigate desire to taper asset purchases through land mine of uncertainties about the economy and the risks posed by variants, debt ceiling politics, China &amp; inflation,\" Diane Swonk, chief economist at Grant Thornton, tweeted yesterday.</p>\n<p>Stock index futures are higher after dip-buying faded yesterday and the broader market closed lower again. The 10-year Treasury yield is up 1 basis point to 1.33%.</p>\n<p>There is some speculation that the recent market selloff, with the S&amp;P looking at itsworst monthly performance in a year, could make Fed members gun-shy about a hawkish tilt. But Renaissance Macro Research says the current selloff is \"not even close to having the Fed shift course.\"</p>\n<p>The \"S&amp;P 500(SP500)(NYSEARCA:SPY)is basically flat since the Fed’s July 28 confab,\" RenMac tweets. \"When we think about the last few times China was the source of the concern 2015/2016, the US equity decline was far more pronounced.\"</p>\n<p><img src=\"https://static.tigerbbs.com/2738fa67abd11035dbb2f2a638f54918\" tg-width=\"1012\" tg-height=\"506\" width=\"100%\" height=\"auto\"></p>\n<p><b>Asset purchase tapering.</b>Calls for the Fed to trim its $120B per month in asset purchases are growing as inflation heats up. But the consensus is that there will be no official announcement today.</p>\n<p>Two-thirds of 52 economists surveyed by Bloomberg expect a November announcement, with more than half expecting the Fed to start the taper in December.</p>\n<p>Still, Powell has been adamant he will give ample notice for any moves.</p>\n<p>The August jobs report gave \"the doves on the Federal Reserve’s board, essentially where we think the Chair resides today, some fodder for postponing a tapering of the QE asset purchase program, though we think this would be a mistake,\" BlackRock's Rick Rieder writes. \"Yet, we do believe that we will learn more details in September from the FOMC meeting, relative to what the Fed’s schedule for tapering will be.\"</p>\n<p>A change in the wording of the statement may be where the market gets that signal.</p>\n<p>\"Expect the Fed to put off until November any announcement on slowing its $120 billion a month in asset purchases,\" economist Joseph Brusuelas writes in hisReal Economy Blog. \"If the Fed signals any change, expect different language in the third paragraph of its statement, where the committee may update the risk to the outlook as balanced, which may signal tapering before the end of the year.\"</p>\n<p>\"In 2013, before its previous round of tapering, the Fed used its statement to signal coming policy action, so it may choose to take that approach this week.\"</p>\n<p>Mohamed El-Erian saysthe Fed needs to act as the window to tapering is closing.</p>\n<p><b>Dissecting the dot plot:</b>The latest dot plot chart of Fed member interest rate projections, which caused a stir last time, will also be closely watched, much to the chagrin of Powell.</p>\n<p>The \"sole purpose\" of the \"fabled dot plot ... is to increase confusion and misunderstanding in financial markets,\" UBS Chief Economist Paul Donovan writes.</p>\n<p>The dot plot is meant to illustrate where individual members see rates going, but not where they will or necessarily want them to go and the Fed chief has said it is not a great forecaster.</p>\n<p>But if three members raise their 2022 dots, the new median will be for a quarter-point hike that year, and Wall Street banks have been aggressively marketing short-term interest rate derivatives that would pay off with tightening pulled forward, Bloomberg reports. (See chart at the bottom.)</p>\n<p>\"Watch the dots - likely will see initial rate hike pulled into 2022 with more in 2023,\" Kathy Jones, chief fixed income strategist for Schwab, tweets. \"Look out for unemp projections - will indicate what Fed sees as 'full employment.'\"</p>\n<p><b>Ethics questions:</b>&nbsp;Beyond monetary policy, Powell may face some difficult questions about the recent controversy of the asset portfolios of Fed governors.</p>\n<p>Dallas Fed President Robert Kaplan's trading in individual stocks last year, including several megacaps that tend to benefit from lower interest rates, prompted the Fed chairman to&nbsp;open an ethics review.</p>\n<p>And&nbsp;Powell and two other Fed members owned securities that the central bank was buying last year.</p>\n<p><img src=\"https://static.tigerbbs.com/cfe97d77d54cfe99de4de152cdfc4ab7\" tg-width=\"733\" tg-height=\"698\" width=\"100%\" height=\"auto\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed in focus today with taper talk and new dot plot engrossing Wall Street</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; 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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\">\nFed in focus today with taper talk and new dot plot engrossing Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.\nThis is certainly the most important FOMC meeting since, well, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1146187405","content_text":"The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.\nThis is certainly the most important FOMC meeting since, well, the last FOMC meeting. But if Chairman Jay Powell and company avoid taper talk and keep rate forecasts steady, Wall Street could shrug it off, like recent jobs and inflation reports.\nWhile nobody expects a rate hike when the statement arrives, there'scertainly a lot for the Fed to consider.\n\"Fed has to navigate desire to taper asset purchases through land mine of uncertainties about the economy and the risks posed by variants, debt ceiling politics, China & inflation,\" Diane Swonk, chief economist at Grant Thornton, tweeted yesterday.\nStock index futures are higher after dip-buying faded yesterday and the broader market closed lower again. The 10-year Treasury yield is up 1 basis point to 1.33%.\nThere is some speculation that the recent market selloff, with the S&P looking at itsworst monthly performance in a year, could make Fed members gun-shy about a hawkish tilt. But Renaissance Macro Research says the current selloff is \"not even close to having the Fed shift course.\"\nThe \"S&P 500(SP500)(NYSEARCA:SPY)is basically flat since the Fed’s July 28 confab,\" RenMac tweets. \"When we think about the last few times China was the source of the concern 2015/2016, the US equity decline was far more pronounced.\"\n\nAsset purchase tapering.Calls for the Fed to trim its $120B per month in asset purchases are growing as inflation heats up. But the consensus is that there will be no official announcement today.\nTwo-thirds of 52 economists surveyed by Bloomberg expect a November announcement, with more than half expecting the Fed to start the taper in December.\nStill, Powell has been adamant he will give ample notice for any moves.\nThe August jobs report gave \"the doves on the Federal Reserve’s board, essentially where we think the Chair resides today, some fodder for postponing a tapering of the QE asset purchase program, though we think this would be a mistake,\" BlackRock's Rick Rieder writes. \"Yet, we do believe that we will learn more details in September from the FOMC meeting, relative to what the Fed’s schedule for tapering will be.\"\nA change in the wording of the statement may be where the market gets that signal.\n\"Expect the Fed to put off until November any announcement on slowing its $120 billion a month in asset purchases,\" economist Joseph Brusuelas writes in hisReal Economy Blog. \"If the Fed signals any change, expect different language in the third paragraph of its statement, where the committee may update the risk to the outlook as balanced, which may signal tapering before the end of the year.\"\n\"In 2013, before its previous round of tapering, the Fed used its statement to signal coming policy action, so it may choose to take that approach this week.\"\nMohamed El-Erian saysthe Fed needs to act as the window to tapering is closing.\nDissecting the dot plot:The latest dot plot chart of Fed member interest rate projections, which caused a stir last time, will also be closely watched, much to the chagrin of Powell.\nThe \"sole purpose\" of the \"fabled dot plot ... is to increase confusion and misunderstanding in financial markets,\" UBS Chief Economist Paul Donovan writes.\nThe dot plot is meant to illustrate where individual members see rates going, but not where they will or necessarily want them to go and the Fed chief has said it is not a great forecaster.\nBut if three members raise their 2022 dots, the new median will be for a quarter-point hike that year, and Wall Street banks have been aggressively marketing short-term interest rate derivatives that would pay off with tightening pulled forward, Bloomberg reports. (See chart at the bottom.)\n\"Watch the dots - likely will see initial rate hike pulled into 2022 with more in 2023,\" Kathy Jones, chief fixed income strategist for Schwab, tweets. \"Look out for unemp projections - will indicate what Fed sees as 'full employment.'\"\nEthics questions: Beyond monetary policy, Powell may face some difficult questions about the recent controversy of the asset portfolios of Fed governors.\nDallas Fed President Robert Kaplan's trading in individual stocks last year, including several megacaps that tend to benefit from lower interest rates, prompted the Fed chairman to open an ethics review.\nAnd Powell and two other Fed members owned securities that the central bank was buying last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836987518,"gmtCreate":1629447781234,"gmtModify":1676530044221,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"like n comment pls","listText":"like n comment pls","text":"like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/836987518","repostId":"1121592968","repostType":4,"repost":{"id":"1121592968","kind":"news","pubTimestamp":1629446571,"share":"https://ttm.financial/m/news/1121592968?lang=&edition=fundamental","pubTime":"2021-08-20 16:02","market":"us","language":"en","title":"Cathie Wood: 'We couldn't be further away from a bubble'","url":"https://stock-news.laohu8.com/highlight/detail?id=1121592968","media":"Seeking Alpha","summary":"\"We couldn't be further away from a bubble, \" says Cathie Wood, in a CNBC appearance, of the recent ","content":"<ul>\n <li>\"We couldn't be further away from a bubble, \" says Cathie Wood, in a CNBC appearance, of the recent bearish sentiment, and&nbsp;short interest regarding ARK Invests actively managed ETFs.</li>\n <li>When asked what the message should be to the short community around ARK, Wood stated: \"I don't think we are in a bubble, which is what I think many bears think we are.\" The areas which blew up back during the tech and telecom bubble are now beginning to flourish.</li>\n <li>Five of those areas, according to Wood, are DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technologies and they are barely off the ground Wood mentioned.</li>\n <li>Wood also continued to expand on her stance around deflationary pressures and how ARK believes the energy and financial sector along with the auto industry are in harm's way as they are all behind the innovation eight ball with the expansion of electric vehicles and digital wallets.</li>\n <li>Daily price action on ARKs ETFs:</li>\n <li><a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (NYSEARCA:&nbsp;ARKK):&nbsp;-0.32%.</li>\n <li><a href=\"https://laohu8.com/S/ARKQ\">ARK Autonomous Technology &amp; Robotics ETF</a> (BATS:&nbsp;ARKQ):&nbsp;-0.25%.</li>\n <li><a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> (NYSEARCA:&nbsp;ARKW):&nbsp;-0.10%.</li>\n <li><a href=\"https://laohu8.com/S/ARKG\">ARK Genomic Revolution Multi-Sector ETF</a> (BATS:&nbsp;ARKG):&nbsp;-0.48%.</li>\n <li><a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a> (NYSEARCA:&nbsp;ARKF):&nbsp;-0.16%.</li>\n <li><a href=\"https://laohu8.com/S/ARKX\">ARK Space Exploration &amp; Innovation ETF</a> (BATS:&nbsp;ARKX):-0.25%.</li>\n <li>Moreover, see how ARK Invest's six actively managed ETFs fared against each other&nbsp;over a one-year period in the chart below.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/472b8efcd44713aadecd32f6c19ae3a0\" tg-width=\"720\" tg-height=\"251\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></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>Cathie Wood: 'We couldn't be further away from a bubble'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood: 'We couldn't be further away from a bubble'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-20 16:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3732402-cathie-wood-i-dont-think-we-are-in-a-bubble-which-is-what-i-think-many-bears-think-we-are><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"We couldn't be further away from a bubble, \" says Cathie Wood, in a CNBC appearance, of the recent bearish sentiment, and short interest regarding ARK Invests actively managed ETFs.\nWhen asked what ...</p>\n\n<a href=\"https://seekingalpha.com/news/3732402-cathie-wood-i-dont-think-we-are-in-a-bubble-which-is-what-i-think-many-bears-think-we-are\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","ARKF":"ARK Fintech Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKW":"ARK Next Generation Internation ETF"},"source_url":"https://seekingalpha.com/news/3732402-cathie-wood-i-dont-think-we-are-in-a-bubble-which-is-what-i-think-many-bears-think-we-are","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121592968","content_text":"\"We couldn't be further away from a bubble, \" says Cathie Wood, in a CNBC appearance, of the recent bearish sentiment, and short interest regarding ARK Invests actively managed ETFs.\nWhen asked what the message should be to the short community around ARK, Wood stated: \"I don't think we are in a bubble, which is what I think many bears think we are.\" The areas which blew up back during the tech and telecom bubble are now beginning to flourish.\nFive of those areas, according to Wood, are DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technologies and they are barely off the ground Wood mentioned.\nWood also continued to expand on her stance around deflationary pressures and how ARK believes the energy and financial sector along with the auto industry are in harm's way as they are all behind the innovation eight ball with the expansion of electric vehicles and digital wallets.\nDaily price action on ARKs ETFs:\nARK Innovation ETF (NYSEARCA: ARKK): -0.32%.\nARK Autonomous Technology & Robotics ETF (BATS: ARKQ): -0.25%.\nARK Next Generation Internet ETF (NYSEARCA: ARKW): -0.10%.\nARK Genomic Revolution Multi-Sector ETF (BATS: ARKG): -0.48%.\nARK Fintech Innovation ETF (NYSEARCA: ARKF): -0.16%.\nARK Space Exploration & Innovation ETF (BATS: ARKX):-0.25%.\nMoreover, see how ARK Invest's six actively managed ETFs fared against each other over a one-year period in the chart below.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158181657,"gmtCreate":1625136884379,"gmtModify":1703736869452,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"Like n comment thanks","listText":"Like n comment thanks","text":"Like n comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/158181657","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","kind":"news","pubTimestamp":1625122086,"share":"https://ttm.financial/m/news/1106223449?lang=&edition=fundamental","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year.</span></p>\n<p>The S&amp;P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p>\n<p>With June coming to an end, the S&amp;P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p>\n<p>The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p>\n<p>The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and&nbsp;cause stocks to tumble. Others worry that&nbsp;U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p>\n<p>For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p>\n<p>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p>\n<p>Even the losses, when they occurred, weren’t all that bad. The S&amp;P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p>\n<p>The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&amp;P 500 dropped 20% in one day, still a record loss. While selling linked to so-called&nbsp;portfolio insurance&nbsp;was ultimately blamed for the size and speed of the loss, the second half of 1987 was&nbsp;a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p>\n<p>Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&amp;P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank&nbsp;Cappelleri, chief market technician at Instinet.</p>\n<p>That 6.3% average second-half rise would push the S&amp;P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p>\n<p>For now, at least, the path of least resistance is higher.</p>\n<p><img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.</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\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 14:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811783363,"gmtCreate":1630353126652,"gmtModify":1676530277260,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811783363","repostId":"1117774965","repostType":4,"repost":{"id":"1117774965","kind":"news","pubTimestamp":1630336580,"share":"https://ttm.financial/m/news/1117774965?lang=&edition=fundamental","pubTime":"2021-08-30 23:16","market":"us","language":"en","title":"BBIG Stock: 10 Things to Know About Reddit Favorite and Short-Squeeze Target Vinco Ventures","url":"https://stock-news.laohu8.com/highlight/detail?id=1117774965","media":"investorplace","summary":"Vinco Ventures(NASDAQ:BBIG) stock is running higher on Monday as Reddit and retail traders on social","content":"<p><b>Vinco Ventures</b>(NASDAQ:<b><u>BBIG</u></b>) stock is running higher on Monday as Reddit and retail traders on social media pump shares up.</p>\n<p>We’ve been covering BBIG stock quite a bit lately as it continues to be a hot stock with major movement. That includes it ranking high in ourlist of pre-market stock movers for this morning. We also dived into&nbsp;what experts had to say about it last week.</p>\n<p>Now we’re tackling it again with some details that traders will want to know about BBIG stock.</p>\n<ul>\n <li>Vinco Ventures is a company&nbsp;focused on acquiring and growing companies.</li>\n <li>It does so through its B.I.G. Strategy: Buy. Innovate. Grow.</li>\n <li>One of the most recent shifts in its business has it targeting the non-fungible token (NFT) market.</li>\n <li>Emmersive Entertainment, a subsidiary of Vinco Ventures, is already making progress in the NFT space.</li>\n <li>That includes the launch of a music streaming NFT platform and a promotion with Tory Lanez.</li>\n <li>However, there are still concerns about the company’s business.</li>\n <li>That includes issues that some people have with NFTs and their connection to crypto.</li>\n <li>There are also&nbsp;worries about Ted Farnsworth’s involvement&nbsp;in Vinco Ventures’ NFT business.</li>\n <li>Farnsworth is the creator of MoviePass, which blew up in spectacular fashion a few years back.</li>\n <li>While the potential of BBIG in the NFT space is there, investors will want to keep the above in mind before diving into the stock.</li>\n</ul>\n<p>Of course, BBIG is also seeing heavy trading today with the interest from meme stock traders. As of this writing, more than 178 million shares of the stock have changed hands. That’s a massive jump from the company’s daily average trading volume of 18.4 million shares.</p>\n<p>BBIG stock was up 50% as of Monday morning.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BBIG Stock: 10 Things to Know About Reddit Favorite and Short-Squeeze Target Vinco Ventures</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\">\nBBIG Stock: 10 Things to Know About Reddit Favorite and Short-Squeeze Target Vinco Ventures\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/08/bbig-stock-10-things-to-know-about-reddit-favorite-and-short-squeeze-target-vinco-ventures/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vinco Ventures(NASDAQ:BBIG) stock is running higher on Monday as Reddit and retail traders on social media pump shares up.\nWe’ve been covering BBIG stock quite a bit lately as it continues to be a hot...</p>\n\n<a href=\"https://investorplace.com/2021/08/bbig-stock-10-things-to-know-about-reddit-favorite-and-short-squeeze-target-vinco-ventures/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBIG":"Vinco Ventures, Inc."},"source_url":"https://investorplace.com/2021/08/bbig-stock-10-things-to-know-about-reddit-favorite-and-short-squeeze-target-vinco-ventures/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117774965","content_text":"Vinco Ventures(NASDAQ:BBIG) stock is running higher on Monday as Reddit and retail traders on social media pump shares up.\nWe’ve been covering BBIG stock quite a bit lately as it continues to be a hot stock with major movement. That includes it ranking high in ourlist of pre-market stock movers for this morning. We also dived into what experts had to say about it last week.\nNow we’re tackling it again with some details that traders will want to know about BBIG stock.\n\nVinco Ventures is a company focused on acquiring and growing companies.\nIt does so through its B.I.G. Strategy: Buy. Innovate. Grow.\nOne of the most recent shifts in its business has it targeting the non-fungible token (NFT) market.\nEmmersive Entertainment, a subsidiary of Vinco Ventures, is already making progress in the NFT space.\nThat includes the launch of a music streaming NFT platform and a promotion with Tory Lanez.\nHowever, there are still concerns about the company’s business.\nThat includes issues that some people have with NFTs and their connection to crypto.\nThere are also worries about Ted Farnsworth’s involvement in Vinco Ventures’ NFT business.\nFarnsworth is the creator of MoviePass, which blew up in spectacular fashion a few years back.\nWhile the potential of BBIG in the NFT space is there, investors will want to keep the above in mind before diving into the stock.\n\nOf course, BBIG is also seeing heavy trading today with the interest from meme stock traders. As of this writing, more than 178 million shares of the stock have changed hands. That’s a massive jump from the company’s daily average trading volume of 18.4 million shares.\nBBIG stock was up 50% as of Monday morning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004023472,"gmtCreate":1642462004599,"gmtModify":1676533711762,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004023472","repostId":"2204779745","repostType":4,"repost":{"id":"2204779745","kind":"news","pubTimestamp":1642461698,"share":"https://ttm.financial/m/news/2204779745?lang=&edition=fundamental","pubTime":"2022-01-18 07:21","market":"us","language":"en","title":"Canada Approves Pfizer's COVID-19 Oral Antiviral Treatment for Adults","url":"https://stock-news.laohu8.com/highlight/detail?id=2204779745","media":"Reuters","summary":"Canada on Monday approved Pfizer Inc's oral antiviral treatment to treat mild to moderate cases of C","content":"<html><head></head><body><p>Canada on Monday approved Pfizer Inc&#39;s oral antiviral treatment to treat mild to moderate cases of COVID-19 in people aged 18 and older, according to a notice posted on Health Canada&#39;s website.</p><p>Cases and hospitalisations due the Omicron variant has been rising in Canada, forcing provinces to put restrictions and the federal government to support impacted businesses.</p><p>Pfizer&#39;s antiviral regimen, Paxlovid, was nearly 90% effective in preventing hospitalizations and deaths in patients at high risk of severe illness, according to data from the company&#39;s clinical trial. Recent lab data suggests the drug retains its effectiveness against Omicron, Pfizer said.</p><p>Ottawa said last month that it had signed a deal with Pfizer for a million doses of the drug, pending approval by federal health regulators.</p><p>The U.S. authorized the treatment for people ages 12 and older last month. (Reporting by David Ljunggren. Editing by Franklin Paul)</p></body></html>","source":"yahoofinance","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>Canada Approves Pfizer's COVID-19 Oral Antiviral Treatment for Adults</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\">\nCanada Approves Pfizer's COVID-19 Oral Antiviral Treatment for Adults\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-18 07:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-canada-approves-pfizers-covid-153721842.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Canada on Monday approved Pfizer Inc's oral antiviral treatment to treat mild to moderate cases of COVID-19 in people aged 18 and older, according to a notice posted on Health Canada's website.Cases ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-canada-approves-pfizers-covid-153721842.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4007":"制药","BNTX":"BioNTech SE","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4535":"淡马锡持仓","BK4568":"美国抗疫概念","BK4534":"瑞士信贷持仓","PFE":"辉瑞","BK4139":"生物科技","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://finance.yahoo.com/news/1-canada-approves-pfizers-covid-153721842.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2204779745","content_text":"Canada on Monday approved Pfizer Inc's oral antiviral treatment to treat mild to moderate cases of COVID-19 in people aged 18 and older, according to a notice posted on Health Canada's website.Cases and hospitalisations due the Omicron variant has been rising in Canada, forcing provinces to put restrictions and the federal government to support impacted businesses.Pfizer's antiviral regimen, Paxlovid, was nearly 90% effective in preventing hospitalizations and deaths in patients at high risk of severe illness, according to data from the company's clinical trial. Recent lab data suggests the drug retains its effectiveness against Omicron, Pfizer said.Ottawa said last month that it had signed a deal with Pfizer for a million doses of the drug, pending approval by federal health regulators.The U.S. authorized the treatment for people ages 12 and older last month. (Reporting by David Ljunggren. Editing by Franklin Paul)","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002478438,"gmtCreate":1642084532932,"gmtModify":1676533679198,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002478438","repostId":"1146488904","repostType":4,"repost":{"id":"1146488904","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642084239,"share":"https://ttm.financial/m/news/1146488904?lang=&edition=fundamental","pubTime":"2022-01-13 22:30","market":"us","language":"en","title":"TSMC shares rose over 7% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1146488904","media":"Tiger Newspress","summary":"TSMC shares rose over 7% in morning trading.On Thursday, the Taiwanese company reported a better-tha","content":"<html><head></head><body><p>TSMC shares rose over 7% in morning trading.<img src=\"https://static.tigerbbs.com/f738824276eb116eb57d430ed2c9809f\" tg-width=\"1024\" tg-height=\"649\" width=\"100%\" height=\"auto\"/>On Thursday, the Taiwanese company reported a better-than-expected 16% jump in December-quarter net income to a record NT$166.2 billion ($6 billion). It set a long-term target of at least 53% for gross margins. Sales in the quarter reached NT$438.2 billion, also a record, based on previously released monthly revenue numbers.</p><p>The chipmaker is now projecting average sales growth of 15% to 20% annually -- as much as double its previous expectation. It foresees sales of $16.6 billion to $17.2 billion in the first quarter alone, at least 5% ahead of projections.</p><p>Those numbers affirm TSMC’s pole position in the market during an unprecedented chip shortage triggered by the pandemic, a deficit that’s walloped the production of cars, mobile phones and game consoles. Asia’s most valuable corporation intends to continue spending heavily to maintain its technological lead over Intel Corp. to Samsung Electronics Co., safeguarding its market share as the growing number of connected devices like cars drive data centers and high-end computing.</p><p>What Bloomberg Intelligence Says:</p><p>TSMC’s capex plan for 2022 of up to $44 billion looks set to enable it to capture high growth in leading and specialty technology nodes and support its percentage sales-growth target of 15-20% CAGR. Its net cash position of $12 billion, coupled with consistent operating cash flow, appear likely to support its sizable capacity-expansion plan while maintaining its dividend payout. The company has the capacity to take on more debt without hurting its financial metrics significantly.</p><p>- Cecilia Chan and Dan Wang, analysts</p><p>“The semiconductor industry growth will continue to be fueled by the structural mega trends of 5G and high-performance computing,” Chairman Mark Liu told analysts on a conference call Thursday.</p><p></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>TSMC shares rose over 7% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC shares rose over 7% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-13 22:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>TSMC shares rose over 7% in morning trading.<img src=\"https://static.tigerbbs.com/f738824276eb116eb57d430ed2c9809f\" tg-width=\"1024\" tg-height=\"649\" width=\"100%\" height=\"auto\"/>On Thursday, the Taiwanese company reported a better-than-expected 16% jump in December-quarter net income to a record NT$166.2 billion ($6 billion). It set a long-term target of at least 53% for gross margins. Sales in the quarter reached NT$438.2 billion, also a record, based on previously released monthly revenue numbers.</p><p>The chipmaker is now projecting average sales growth of 15% to 20% annually -- as much as double its previous expectation. It foresees sales of $16.6 billion to $17.2 billion in the first quarter alone, at least 5% ahead of projections.</p><p>Those numbers affirm TSMC’s pole position in the market during an unprecedented chip shortage triggered by the pandemic, a deficit that’s walloped the production of cars, mobile phones and game consoles. Asia’s most valuable corporation intends to continue spending heavily to maintain its technological lead over Intel Corp. to Samsung Electronics Co., safeguarding its market share as the growing number of connected devices like cars drive data centers and high-end computing.</p><p>What Bloomberg Intelligence Says:</p><p>TSMC’s capex plan for 2022 of up to $44 billion looks set to enable it to capture high growth in leading and specialty technology nodes and support its percentage sales-growth target of 15-20% CAGR. Its net cash position of $12 billion, coupled with consistent operating cash flow, appear likely to support its sizable capacity-expansion plan while maintaining its dividend payout. The company has the capacity to take on more debt without hurting its financial metrics significantly.</p><p>- Cecilia Chan and Dan Wang, analysts</p><p>“The semiconductor industry growth will continue to be fueled by the structural mega trends of 5G and high-performance computing,” Chairman Mark Liu told analysts on a conference call Thursday.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146488904","content_text":"TSMC shares rose over 7% in morning trading.On Thursday, the Taiwanese company reported a better-than-expected 16% jump in December-quarter net income to a record NT$166.2 billion ($6 billion). It set a long-term target of at least 53% for gross margins. Sales in the quarter reached NT$438.2 billion, also a record, based on previously released monthly revenue numbers.The chipmaker is now projecting average sales growth of 15% to 20% annually -- as much as double its previous expectation. It foresees sales of $16.6 billion to $17.2 billion in the first quarter alone, at least 5% ahead of projections.Those numbers affirm TSMC’s pole position in the market during an unprecedented chip shortage triggered by the pandemic, a deficit that’s walloped the production of cars, mobile phones and game consoles. Asia’s most valuable corporation intends to continue spending heavily to maintain its technological lead over Intel Corp. to Samsung Electronics Co., safeguarding its market share as the growing number of connected devices like cars drive data centers and high-end computing.What Bloomberg Intelligence Says:TSMC’s capex plan for 2022 of up to $44 billion looks set to enable it to capture high growth in leading and specialty technology nodes and support its percentage sales-growth target of 15-20% CAGR. Its net cash position of $12 billion, coupled with consistent operating cash flow, appear likely to support its sizable capacity-expansion plan while maintaining its dividend payout. The company has the capacity to take on more debt without hurting its financial metrics significantly.- Cecilia Chan and Dan Wang, analysts“The semiconductor industry growth will continue to be fueled by the structural mega trends of 5G and high-performance computing,” Chairman Mark Liu told analysts on a conference call Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002856590,"gmtCreate":1641972479473,"gmtModify":1676533667917,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002856590","repostId":"1101014144","repostType":4,"repost":{"id":"1101014144","kind":"news","pubTimestamp":1641970424,"share":"https://ttm.financial/m/news/1101014144?lang=&edition=fundamental","pubTime":"2022-01-12 14:53","market":"us","language":"en","title":"Advanced Micro Devices reiterated overweight at Wells Fargo, sees 40% upside","url":"https://stock-news.laohu8.com/highlight/detail?id=1101014144","media":"Seeking Alpha","summary":"Advanced Micro Devices  is getting more positive commentary from Wall Street, as Wells Fargo reitera","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices </a> is getting more positive commentary from Wall Street, as Wells Fargo reiterated its overweight rating and $180 price target, as the investment firm believes shares are discounting the company&#39;s earnings potential over the next three to five years.</p><p>Analyst Aaron Rakers noted that AMD has consistently posted strong results over the past year and is likely to keep taking market share over the next five years, while growing its total addressable market, which could boost earnings to $6 per share by 2025.</p><p>&#34;With an expectation that the PC CPU market will sustain a structurally higher post-COVID TAM (est. a ~$40B TAM), an estimated mid/high-single digit CAGR in AMD&#39;s data center TAM [CPU + GPU], and with the inclusion of a ~$8.5B incremental TAM via Xilinx, we estimate that AMD now addresses a $100B-110B+ TAM (vs. $79B TAM outlined at March &#39;20 Analyst Day),&#34; Rakers wrote in a note. He added that AMD is likely able to grow revenue at a 15% compound annual growth rate over the next several years and with more tailwind in data centers and Xilinx coming into the fold, helping gross margins, AMD&#39;s (AMD) gross margins can reach into the mid-50s over the next &#34;few years,&#34; Rakers explained.</p><p>In addition to Rakers&#39; positive comments, KeyBanc upgraded Advanced Micro Devices (AMD) on Tuesday due to growth in data centers, with the investment firm saying the segment should be &#34;robust&#34; this year.</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>Advanced Micro Devices reiterated overweight at Wells Fargo, sees 40% upside</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\">\nAdvanced Micro Devices reiterated overweight at Wells Fargo, sees 40% upside\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-12 14:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3787118-advanced-micro-devices-reiterated-overweight-at-wells-fargo-sees-40-upside><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices  is getting more positive commentary from Wall Street, as Wells Fargo reiterated its overweight rating and $180 price target, as the investment firm believes shares are ...</p>\n\n<a href=\"https://seekingalpha.com/news/3787118-advanced-micro-devices-reiterated-overweight-at-wells-fargo-sees-40-upside\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/news/3787118-advanced-micro-devices-reiterated-overweight-at-wells-fargo-sees-40-upside","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101014144","content_text":"Advanced Micro Devices  is getting more positive commentary from Wall Street, as Wells Fargo reiterated its overweight rating and $180 price target, as the investment firm believes shares are discounting the company's earnings potential over the next three to five years.Analyst Aaron Rakers noted that AMD has consistently posted strong results over the past year and is likely to keep taking market share over the next five years, while growing its total addressable market, which could boost earnings to $6 per share by 2025.\"With an expectation that the PC CPU market will sustain a structurally higher post-COVID TAM (est. a ~$40B TAM), an estimated mid/high-single digit CAGR in AMD's data center TAM [CPU + GPU], and with the inclusion of a ~$8.5B incremental TAM via Xilinx, we estimate that AMD now addresses a $100B-110B+ TAM (vs. $79B TAM outlined at March '20 Analyst Day),\" Rakers wrote in a note. He added that AMD is likely able to grow revenue at a 15% compound annual growth rate over the next several years and with more tailwind in data centers and Xilinx coming into the fold, helping gross margins, AMD's (AMD) gross margins can reach into the mid-50s over the next \"few years,\" Rakers explained.In addition to Rakers' positive comments, KeyBanc upgraded Advanced Micro Devices (AMD) on Tuesday due to growth in data centers, with the investment firm saying the segment should be \"robust\" this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001778281,"gmtCreate":1641338507861,"gmtModify":1676533599529,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001778281","repostId":"2201418283","repostType":4,"repost":{"id":"2201418283","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1641336421,"share":"https://ttm.financial/m/news/2201418283?lang=&edition=fundamental","pubTime":"2022-01-05 06:47","market":"us","language":"en","title":"Dow posts closing record high for 2nd day, boosted by banks","url":"https://stock-news.laohu8.com/highlight/detail?id=2201418283","media":"Reuters","summary":"* Financial sector registers all-time closing high* Ford, GM shares rise as electric truck battle heats up* Indexes: Dow up 0.6%, S&P 500 down 0.06%, Nasdaq down 1.3%NEW YORK, Jan 4 (Reuters) - The Do","content":"<html><head></head><body><p>* Financial sector registers all-time closing high</p><p>* Ford, GM shares rise as electric truck battle heats up</p><p>* Indexes: Dow up 0.6%, S&amp;P 500 down 0.06%, Nasdaq down 1.3%</p><p>NEW YORK, Jan 4 (Reuters) - The Dow Jones Industrial Average reached a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell.</p><p>The S&amp;P 500 ended slightly weaker after hitting an intraday all-time high. Declines in shares of big growth names including Tesla Inc weighed on the index and the Nasdaq Composite, which ended down more than 1%.</p><p>Economically sensitive energy, financials and industrials were the leading sectors in the S&amp;P 500, with financials eking out an all-time closing high.</p><p>Helping sentiment, the World Health Organization cited increasing evidence that the coronavirus variant caused milder symptoms than previous variants.</p><p>Earlier, U.S. manufacturing data for December showed some cooling in demand for goods, but investors took solace in signs of supply constraints easing.</p><p>The S&amp;P 500 bank index rose 3.5% in its biggest daily percentage gain in about a year.</p><p>Some strategists said financials and other value-oriented stocks could be near-term market leaders as investors gear up for interest rate hikes from the Federal Reserve by mid-year to curb high inflation. U.S. Treasury yields gained for a second trading day.</p><p>Investors are &#34;going to punish growth stocks with high valuations,&#34; said Robert Phipps, a director at Per Stirling Capital Management in Austin, Texas.</p><p>&#34;This is a time when defensive stocks and value stocks are likely to outperform.&#34;</p><p>The S&amp;P 500 value index jumped 1%, while the S&amp;P 500 growth index fell 1%.</p><p>The Dow Jones Industrial Average rose 214.59 points, or 0.59%, to 36,799.65; the S&amp;P 500 lost 3.02 points, or 0.06%, at 4,793.54; and the Nasdaq Composite dropped 210.08 points, or 1.33%, to 15,622.72.</p><p>The U.S. central bank said last month it would end its pandemic-era bond buying in 2022, signaling at least three interest rate hikes for the year. Minutes from the meeting are expected to be released on Wednesday.</p><p>Daniel Morgan, portfolio manager at Synovus Trust in Atlanta, said he still favored technology and growth shares, and was optimistic that fourth-quarter earnings for tech and the chip sector in particular could be stronger than Wall Street expectations.</p><p>Tesla shares fell 4.2%, a day after jumping more than 13% on stronger-than-expected quarterly deliveries.</p><p>Ford Motor Co jumped 11.7% after the automaker said it would nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles.</p><p>General Motors Co shares rallied 7.5% a day ahead of its public debut of the Chevrolet Silverado electric pickup, which is slated to go on sale in early 2023.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 70 new 52-week highs and one new low; the Nasdaq Composite recorded 104 new highs and 102 new lows.</p><p>Volume on U.S. exchanges was 11.49 billion shares, compared with about 10.4 billion average for the full session over the last 20 trading days.</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>Dow posts closing record high for 2nd day, boosted by banks</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; 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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\">\nDow posts closing record high for 2nd day, boosted by banks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-05 06:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Financial sector registers all-time closing high</p><p>* Ford, GM shares rise as electric truck battle heats up</p><p>* Indexes: Dow up 0.6%, S&amp;P 500 down 0.06%, Nasdaq down 1.3%</p><p>NEW YORK, Jan 4 (Reuters) - The Dow Jones Industrial Average reached a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell.</p><p>The S&amp;P 500 ended slightly weaker after hitting an intraday all-time high. Declines in shares of big growth names including Tesla Inc weighed on the index and the Nasdaq Composite, which ended down more than 1%.</p><p>Economically sensitive energy, financials and industrials were the leading sectors in the S&amp;P 500, with financials eking out an all-time closing high.</p><p>Helping sentiment, the World Health Organization cited increasing evidence that the coronavirus variant caused milder symptoms than previous variants.</p><p>Earlier, U.S. manufacturing data for December showed some cooling in demand for goods, but investors took solace in signs of supply constraints easing.</p><p>The S&amp;P 500 bank index rose 3.5% in its biggest daily percentage gain in about a year.</p><p>Some strategists said financials and other value-oriented stocks could be near-term market leaders as investors gear up for interest rate hikes from the Federal Reserve by mid-year to curb high inflation. U.S. Treasury yields gained for a second trading day.</p><p>Investors are &#34;going to punish growth stocks with high valuations,&#34; said Robert Phipps, a director at Per Stirling Capital Management in Austin, Texas.</p><p>&#34;This is a time when defensive stocks and value stocks are likely to outperform.&#34;</p><p>The S&amp;P 500 value index jumped 1%, while the S&amp;P 500 growth index fell 1%.</p><p>The Dow Jones Industrial Average rose 214.59 points, or 0.59%, to 36,799.65; the S&amp;P 500 lost 3.02 points, or 0.06%, at 4,793.54; and the Nasdaq Composite dropped 210.08 points, or 1.33%, to 15,622.72.</p><p>The U.S. central bank said last month it would end its pandemic-era bond buying in 2022, signaling at least three interest rate hikes for the year. Minutes from the meeting are expected to be released on Wednesday.</p><p>Daniel Morgan, portfolio manager at Synovus Trust in Atlanta, said he still favored technology and growth shares, and was optimistic that fourth-quarter earnings for tech and the chip sector in particular could be stronger than Wall Street expectations.</p><p>Tesla shares fell 4.2%, a day after jumping more than 13% on stronger-than-expected quarterly deliveries.</p><p>Ford Motor Co jumped 11.7% after the automaker said it would nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles.</p><p>General Motors Co shares rallied 7.5% a day ahead of its public debut of the Chevrolet Silverado electric pickup, which is slated to go on sale in early 2023.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 70 new 52-week highs and one new low; the Nasdaq Composite recorded 104 new highs and 102 new lows.</p><p>Volume on U.S. exchanges was 11.49 billion shares, compared with about 10.4 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4527":"明星科技股","TSLA":"特斯拉","BK4555":"新能源车","GM":"通用汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2201418283","content_text":"* Financial sector registers all-time closing high* Ford, GM shares rise as electric truck battle heats up* Indexes: Dow up 0.6%, S&P 500 down 0.06%, Nasdaq down 1.3%NEW YORK, Jan 4 (Reuters) - The Dow Jones Industrial Average reached a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell.The S&P 500 ended slightly weaker after hitting an intraday all-time high. Declines in shares of big growth names including Tesla Inc weighed on the index and the Nasdaq Composite, which ended down more than 1%.Economically sensitive energy, financials and industrials were the leading sectors in the S&P 500, with financials eking out an all-time closing high.Helping sentiment, the World Health Organization cited increasing evidence that the coronavirus variant caused milder symptoms than previous variants.Earlier, U.S. manufacturing data for December showed some cooling in demand for goods, but investors took solace in signs of supply constraints easing.The S&P 500 bank index rose 3.5% in its biggest daily percentage gain in about a year.Some strategists said financials and other value-oriented stocks could be near-term market leaders as investors gear up for interest rate hikes from the Federal Reserve by mid-year to curb high inflation. U.S. Treasury yields gained for a second trading day.Investors are \"going to punish growth stocks with high valuations,\" said Robert Phipps, a director at Per Stirling Capital Management in Austin, Texas.\"This is a time when defensive stocks and value stocks are likely to outperform.\"The S&P 500 value index jumped 1%, while the S&P 500 growth index fell 1%.The Dow Jones Industrial Average rose 214.59 points, or 0.59%, to 36,799.65; the S&P 500 lost 3.02 points, or 0.06%, at 4,793.54; and the Nasdaq Composite dropped 210.08 points, or 1.33%, to 15,622.72.The U.S. central bank said last month it would end its pandemic-era bond buying in 2022, signaling at least three interest rate hikes for the year. Minutes from the meeting are expected to be released on Wednesday.Daniel Morgan, portfolio manager at Synovus Trust in Atlanta, said he still favored technology and growth shares, and was optimistic that fourth-quarter earnings for tech and the chip sector in particular could be stronger than Wall Street expectations.Tesla shares fell 4.2%, a day after jumping more than 13% on stronger-than-expected quarterly deliveries.Ford Motor Co jumped 11.7% after the automaker said it would nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles.General Motors Co shares rallied 7.5% a day ahead of its public debut of the Chevrolet Silverado electric pickup, which is slated to go on sale in early 2023.Advancing issues outnumbered decliners on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.The S&P 500 posted 70 new 52-week highs and one new low; the Nasdaq Composite recorded 104 new highs and 102 new lows.Volume on U.S. exchanges was 11.49 billion shares, compared with about 10.4 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815870221,"gmtCreate":1630670986363,"gmtModify":1676530371678,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"[LOL]&nbsp;","listText":"[LOL]&nbsp;","text":"[LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815870221","repostId":"2164871473","repostType":4,"repost":{"id":"2164871473","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1630669500,"share":"https://ttm.financial/m/news/2164871473?lang=&edition=fundamental","pubTime":"2021-09-03 19:45","market":"us","language":"en","title":"About 10% of 'buy now, pay later' shoppers pursued by debt collectors, U.K. study finds","url":"https://stock-news.laohu8.com/highlight/detail?id=2164871473","media":"Dow Jones","summary":"A study finds that one in 10 who use the increasingly popular \"buy now, pay later\" are being pursued","content":"<p>A study finds that&nbsp;one&nbsp;in 10 who use the increasingly popular \"buy now, pay later\" are being pursued by debt collectors.</p>\n<p>The report from the Citizens Advice was based on a survey of 2,000 adult shoppers, and the proportion rises to one in eight for those between 18 and 24-year-old.</p>\n<p>In the U.K., Klarna and <a href=\"https://laohu8.com/S/LBY.AU\">Laybuy</a> are popular BNPL providers, and in the U.S., Affirm <a href=\"https://laohu8.com/S/AFRM\">$(AFRM)$</a> and Afterpay , which has agreed to be purchased by Square <a href=\"https://laohu8.com/S/SQ\">$(SQ)$</a>, are major providers as well as Klarna.</p>\n<p>Shortly after midday, the FTSE 100 edged up 0.2% to 7,177.30, as traders awaited the U.S.'s monthly jobs report.</p>\n<p>In the FTSE 250, emerging-markets fund manager Ashmore fell more than 5% as its earnings before interest, tax, depreciation and amortization, aka Ebitda, for the June-ending fiscal year came in below consensus estimates, as it experienced margin pressure on fees.</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>About 10% of 'buy now, pay later' shoppers pursued by debt collectors, U.K. study finds</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; 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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\">\nAbout 10% of 'buy now, pay later' shoppers pursued by debt collectors, U.K. study finds\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-03 19:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A study finds that&nbsp;one&nbsp;in 10 who use the increasingly popular \"buy now, pay later\" are being pursued by debt collectors.</p>\n<p>The report from the Citizens Advice was based on a survey of 2,000 adult shoppers, and the proportion rises to one in eight for those between 18 and 24-year-old.</p>\n<p>In the U.K., Klarna and <a href=\"https://laohu8.com/S/LBY.AU\">Laybuy</a> are popular BNPL providers, and in the U.S., Affirm <a href=\"https://laohu8.com/S/AFRM\">$(AFRM)$</a> and Afterpay , which has agreed to be purchased by Square <a href=\"https://laohu8.com/S/SQ\">$(SQ)$</a>, are major providers as well as Klarna.</p>\n<p>Shortly after midday, the FTSE 100 edged up 0.2% to 7,177.30, as traders awaited the U.S.'s monthly jobs report.</p>\n<p>In the FTSE 250, emerging-markets fund manager Ashmore fell more than 5% as its earnings before interest, tax, depreciation and amortization, aka Ebitda, for the June-ending fiscal year came in below consensus estimates, as it experienced margin pressure on fees.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","AFRM":"Affirm Holdings, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164871473","content_text":"A study finds that one in 10 who use the increasingly popular \"buy now, pay later\" are being pursued by debt collectors.\nThe report from the Citizens Advice was based on a survey of 2,000 adult shoppers, and the proportion rises to one in eight for those between 18 and 24-year-old.\nIn the U.K., Klarna and Laybuy are popular BNPL providers, and in the U.S., Affirm $(AFRM)$ and Afterpay , which has agreed to be purchased by Square $(SQ)$, are major providers as well as Klarna.\nShortly after midday, the FTSE 100 edged up 0.2% to 7,177.30, as traders awaited the U.S.'s monthly jobs report.\nIn the FTSE 250, emerging-markets fund manager Ashmore fell more than 5% as its earnings before interest, tax, depreciation and amortization, aka Ebitda, for the June-ending fiscal year came in below consensus estimates, as it experienced margin pressure on fees.","news_type":1},"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039161733,"gmtCreate":1645961674219,"gmtModify":1676534077971,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039161733","repostId":"1125580913","repostType":4,"repost":{"id":"1125580913","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645926503,"share":"https://ttm.financial/m/news/1125580913?lang=&edition=fundamental","pubTime":"2022-02-27 09:48","market":"us","language":"en","title":"Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1125580913","media":"Tiger Newspress","summary":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-yea","content":"<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</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>Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value</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\">\nBuffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-27 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125580913","content_text":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”Read the full letter here：To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.What You OwnBerkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.Surprise, SurpriseHere are a few items about your company that often surprise even seasoned investors:• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.Our Four GiantsThrough Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.InvestmentsNow let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.* This is our actual purchase price and also our tax basis.** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.U.S. Treasury BillsBerkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.But $144 billion?That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.Share RepurchasesThere are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.A Wonderful Man and a Wonderful BusinessLast year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.In all ways, Paul was a class act.* * * * * * * * * * * *Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.ThanksI taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction workingfor you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”The Annual MeetingClear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.February 26, 2022Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030443309,"gmtCreate":1645797151636,"gmtModify":1676534065119,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030443309","repostId":"1169555093","repostType":4,"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099799518,"gmtCreate":1643421470574,"gmtModify":1676533818960,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099799518","repostId":"2207811808","repostType":4,"repost":{"id":"2207811808","kind":"highlight","pubTimestamp":1643406842,"share":"https://ttm.financial/m/news/2207811808?lang=&edition=fundamental","pubTime":"2022-01-29 05:54","market":"us","language":"en","title":"US STOCKS-Wall Street Rallies, Capping Frenetic Week with Best Day of the Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2207811808","media":"Reuters","summary":"(Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag ","content":"<html><head></head><body><p> (Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an increasingly aggressive Federal Reserve.</p><p>All three major U.S. stock indexes began the day in the red, but turned increasingly green as the session progressed, with tech shares doing the heaviest lifting.</p><p>The S&amp;P 500 and the Dow posted gains from last Friday&#39;s close, but the Nasdaq was essentially flat on the week, capping five days of topsy-turvy trading.</p><p>Still, the bar for &#34;best daily gains of the year&#34; was rather low. Even with Friday&#39;s jump, the S&amp;P 500 is down 7% so far in 2022, with the Nasdaq and the Dow suffering respective drops of 12% and 4.4% over the same time period.</p><p>&#34;Investors are trying to adjust to the impact of this higher rate cycle,&#34; said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. &#34;For some of them, stocks still remain more attractive than bonds in a rising rate environment, and they have been fishing around for where a bottom might be.&#34;</p><p>&#34;You&#39;re seeing bargain-hunting in a number of stocks, particularly in the Nasdaq,&#34; Meckler added.</p><p>Economic data released on Friday showed a drop in consumer spending coupled with the lowest consumer sentiment reading in a decade, and year-on-year Core PCE prices - the Federal Reserve&#39;s preferred inflation yardstick - came in at 4.9%, slightly hotter than expected.</p><p>The graphic below shows how far core PCE and other major indicators have risen above the Fed&#39;s average annual 2% target.</p><p>The Fed made it clear at the conclusion of its monetary policy meeting on Wednesday that they intend to take off their gloves and combat stubbornly persistent inflation by hiking key interest rates more aggressively than many market participants expected.</p><p>The Dow Jones Industrial Average rose 564.69 points, or 1.65%, to 34,725.47, the S&amp;P 500 gained 105.34 points, or 2.43%, to 4,431.85 and the Nasdaq Composite added 417.79 points, or 3.13%, to 13,770.57.</p><p>Among the 11 major sectors of the S&amp;P 500, all but energy ended green. Tech stocks were the clear winners, gaining 4.3%, the biggest one-day jump for the sector since April 6, 2020.</p><p>Fourth-quarter reporting season was firing on all cylinders, with 168 of the companies in the S&amp;P 500 having reported. Of those, 77% have delivered consensus-beating results, according to Refinitiv data.</p><p>But investors have been increasingly focused on guidance, and the extent to which companies expect ongoing global supply challenges to affect their bottom line going forward.</p><p>&#34;As we move into 2022, and as Omicron peaks and the weather improves, I expect supply-chain pressures to ease,&#34; Said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. &#34;(They) will probably peak sometime this quarter, and ease throughout the year.&#34;</p><p>Data storage equipment maker <a href=\"https://laohu8.com/S/WDC\">Western Digital</a> cited supply-chain headwinds after it reported lower than expected revenue and provided a disappointing forecast, sending its shares sliding 7.3%.</p><p><a href=\"https://laohu8.com/S/CAT\">Caterpillar Inc</a> fell 5.2% following the equipment maker&#39;s warning that higher production and labor costs will pressure its profit margin.</p><p><a href=\"https://laohu8.com/S/CVX\">Chevron Corp</a> dropped 3.5% on downbeat fourth-quarter profit.</p><p>However, <a href=\"https://laohu8.com/S/AAPL\">Apple</a>&#39;s 7.0% jump gave the S&amp;P 500 and the Nasdaq their biggest boost, the day after the company posted  record iPhone sales in the holiday quarter.</p><p>Visa Inc surged 10.6% following its quarterly earnings beat driven by increased spending on international travel and e-commerce.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.83-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 24 new lows; the Nasdaq Composite recorded 16 new highs and 753 new lows.</p><p>Volume on U.S. exchanges was 12.80 billion shares, compared with the 12.10 billion average for the full session over the last 20 trading days.</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>US STOCKS-Wall Street Rallies, Capping Frenetic Week with Best Day of the Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Rallies, Capping Frenetic Week with Best Day of the Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 05:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-rallies-215402155.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-rallies-215402155.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4550":"红杉资本持仓","BK4554":"元宇宙及AR概念","BK4553":"喜马拉雅资本持仓","BK4170":"电脑硬件、储存设备及电脑周边","SPY":"标普500ETF","BK4566":"资本集团","BK4504":"桥水持仓","BK4507":"流媒体概念","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4505":"高瓴资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-rallies-215402155.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2207811808","content_text":"(Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an increasingly aggressive Federal Reserve.All three major U.S. stock indexes began the day in the red, but turned increasingly green as the session progressed, with tech shares doing the heaviest lifting.The S&P 500 and the Dow posted gains from last Friday's close, but the Nasdaq was essentially flat on the week, capping five days of topsy-turvy trading.Still, the bar for \"best daily gains of the year\" was rather low. Even with Friday's jump, the S&P 500 is down 7% so far in 2022, with the Nasdaq and the Dow suffering respective drops of 12% and 4.4% over the same time period.\"Investors are trying to adjust to the impact of this higher rate cycle,\" said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. \"For some of them, stocks still remain more attractive than bonds in a rising rate environment, and they have been fishing around for where a bottom might be.\"\"You're seeing bargain-hunting in a number of stocks, particularly in the Nasdaq,\" Meckler added.Economic data released on Friday showed a drop in consumer spending coupled with the lowest consumer sentiment reading in a decade, and year-on-year Core PCE prices - the Federal Reserve's preferred inflation yardstick - came in at 4.9%, slightly hotter than expected.The graphic below shows how far core PCE and other major indicators have risen above the Fed's average annual 2% target.The Fed made it clear at the conclusion of its monetary policy meeting on Wednesday that they intend to take off their gloves and combat stubbornly persistent inflation by hiking key interest rates more aggressively than many market participants expected.The Dow Jones Industrial Average rose 564.69 points, or 1.65%, to 34,725.47, the S&P 500 gained 105.34 points, or 2.43%, to 4,431.85 and the Nasdaq Composite added 417.79 points, or 3.13%, to 13,770.57.Among the 11 major sectors of the S&P 500, all but energy ended green. Tech stocks were the clear winners, gaining 4.3%, the biggest one-day jump for the sector since April 6, 2020.Fourth-quarter reporting season was firing on all cylinders, with 168 of the companies in the S&P 500 having reported. Of those, 77% have delivered consensus-beating results, according to Refinitiv data.But investors have been increasingly focused on guidance, and the extent to which companies expect ongoing global supply challenges to affect their bottom line going forward.\"As we move into 2022, and as Omicron peaks and the weather improves, I expect supply-chain pressures to ease,\" Said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. \"(They) will probably peak sometime this quarter, and ease throughout the year.\"Data storage equipment maker Western Digital cited supply-chain headwinds after it reported lower than expected revenue and provided a disappointing forecast, sending its shares sliding 7.3%.Caterpillar Inc fell 5.2% following the equipment maker's warning that higher production and labor costs will pressure its profit margin.Chevron Corp dropped 3.5% on downbeat fourth-quarter profit.However, Apple's 7.0% jump gave the S&P 500 and the Nasdaq their biggest boost, the day after the company posted  record iPhone sales in the holiday quarter.Visa Inc surged 10.6% following its quarterly earnings beat driven by increased spending on international travel and e-commerce.Advancing issues outnumbered declining ones on the NYSE by a 1.83-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers.The S&P 500 posted 5 new 52-week highs and 24 new lows; the Nasdaq Composite recorded 16 new highs and 753 new lows.Volume on U.S. exchanges was 12.80 billion shares, compared with the 12.10 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001073104,"gmtCreate":1641124314949,"gmtModify":1676533574182,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001073104","repostId":"2200444738","repostType":4,"repost":{"id":"2200444738","kind":"highlight","pubTimestamp":1641099600,"share":"https://ttm.financial/m/news/2200444738?lang=&edition=fundamental","pubTime":"2022-01-02 13:00","market":"us","language":"en","title":"If I Could Buy Only 1 Stock in 2022, This Would Be It","url":"https://stock-news.laohu8.com/highlight/detail?id=2200444738","media":"Motley Fool","summary":"Our favorite stock picks for the coming year.","content":"<html><head></head><body><p>We&#39;re firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.</p><p>We asked some of our Fool.com contributors to whittle their favorites down to their top choice to buy in 2022 if they could only pick <a href=\"https://laohu8.com/S/AONE.U\">one</a>. Here&#39;s why <b><a href=\"https://laohu8.com/S/MMM\">3M</a></b> (NYSE:MMM), <b>Brookfield Asset Management </b>(NYSE:BAM), and <b>Brookfield Renewable</b> (NYSE:BEP)(NYSE:BEPC) topped their lists as the one stock they&#39;d buy this year. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a909bb3cfb7abaedc74cfef9296edc0a\" tg-width=\"700\" tg-height=\"423\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>A diversified giant that&#39;s still on sale</h2><p><b>Reuben Gregg Brewer (3M):</b> Benjamin Graham, renowned value investor and mentor to Warren Buffet, explains that investors are partnered with &#34;Mr. Market,&#34; a mercurial fellow prone to fits of despair and jubilation. When he&#39;s overly excited, you should consider selling to him; when he&#39;s pessimistic, you should think about buying. Right now, Mr. Market is very downbeat on diversified international industrial giant 3M. One way to see this is that the company&#39;s dividend yield, at around 3.3%, is near the top end of its historical range.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35404c30dd22bffd6cc4a1450aa485c9\" tg-width=\"720\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>MMM Dividend Yield data by YCharts</span></p><p>Graham had some other advice when it came to actually selecting stocks. Specifically, he argued that most investors would be wise sticking to large, financially strong companies, with strong dividend histories. 3M stacks up well on these measures. It has a market cap of $100 billion, which makes it a mega-cap stock. Its balance sheet is investment-grade rated by the major credit agencies, so it&#39;s financially strong. And it has increased its dividend annually for over 60 years, making it a very elite Dividend King.</p><p>So why is Mr. Market pessimistic? The answer is a mixture of slowing growth and some product and environmental lawsuits. These are notable problems, but they&#39;re not insurmountable. On the business front, the industrial giant&#39;s operations wax and wane over time just like any other company. Given its history and focus on innovation, it should eventually get back on a better track. As for the lawsuits, they could be costly, but it&#39;s likely that 3M will be able to handle the hit. In the end, this is an attractively priced name with a great history that is dealing with issues that seem transitory.</p><h2>A proven value creator</h2><p><b>Matt DiLallo (Brookfield Asset Management):</b> I like to invest. Because of that, I routinely purchase a variety of stocks. However, if I could only buy one in the coming year, Brookfield Asset Management would be my top choice.</p><p>For starters, I love the company&#39;s management. CEO Bruce Flatt is a personal favorite of mine. He&#39;s right up there with Warren Buffett in my book as one of the best value investors around. I enjoy reading his quarterly letter to shareholders, which Flatt fills with investing and economic insight. He&#39;s also a proven value creator. Since becoming CEO in 2002, he&#39;s helped Brookfield deliver a 15.7% total annualized return, pulverizing the <b>S&amp;P 500</b>&#39;s 10.6% total return during that time frame. </p><p>I also like the company&#39;s business model. Brookfield is a leading global alternative asset manager focused on real estate, infrastructure, and renewable energy -- three of my favorite investing themes. An investment in Brookfield provides broad exposure to those three asset classes and many more. Brookfield invests directly across those themes and manages private equity funds focused on those sectors.</p><p>Finally, Brookfield has enormous upside potential. It expects to double its fee-bearing assets under management over the next five years. Combine that with performance-based earnings on its funds and the compounding value of its balance sheet investments, and it has the potential of generating up to 25% annualized total returns over the next five years. That upside, along with all the other positives, is why I&#39;d buy Brookfield if it were the only stock I could purchase this year. </p><h2>Investors are overlooking the growth potential here</h2><p><b>Neha Chamaria</b> <b>(Brookfield Renewable)</b>: 2021 is turning out to be a record-setting year for global renewable electricity addition, but this could just be the beginning. Yet shares of one of the largest pure-play renewables companies that&#39;s growing at a steady pace have languished this year, which is why Brookfield Renewable would be at the top of my shopping list of stocks to buy in 2022.</p><p>Brookfield Renewable, in fact, generated record funds from operations (FFO) in its third quarter and believes it could grow FFO by nearly 20% per year through 2026 through a combination of organic and inorganic growth. 2021 was also a solid year in terms of growth initiatives, with Brookfield Renewable expanding its U.S. distributed-generation business by nearly five times, signing agreements to acquire multiple late-stage solar development projects in the U.S. and even making meaningful headway in the high-potential green hydrogen space.</p><p>Brookfield Renewable&#39;s current development pipeline is larger than ever, and the company is committed to growing dividends annually by 5% to 9%. That shouldn&#39;t be tough given the solid pace of growth in its FFO. That dividend growth, its dividend yield of 3.4%, and the humongous growth potential in renewable energy are the biggest reasons why I consider Brookfield Renewable a top stock for 2022.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If I Could Buy Only 1 Stock in 2022, This Would Be It</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\">\nIf I Could Buy Only 1 Stock in 2022, This Would Be It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-02 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We're firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.We asked some of our Fool.com contributors to whittle their favorites down to ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4135":"资产管理与托管银行","BK4512":"苹果概念","BAM":"布鲁克菲尔德资产管理","MMM":"3M","BK4206":"工业集团企业","BEPC":"Brookfield Renewable Corp.","BK4133":"新能源发电业者","BK4534":"瑞士信贷持仓","BEP":"Brookfield Renewable Partners LP","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200444738","content_text":"We're firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.We asked some of our Fool.com contributors to whittle their favorites down to their top choice to buy in 2022 if they could only pick one. Here's why 3M (NYSE:MMM), Brookfield Asset Management (NYSE:BAM), and Brookfield Renewable (NYSE:BEP)(NYSE:BEPC) topped their lists as the one stock they'd buy this year. Image source: Getty Images.A diversified giant that's still on saleReuben Gregg Brewer (3M): Benjamin Graham, renowned value investor and mentor to Warren Buffet, explains that investors are partnered with \"Mr. Market,\" a mercurial fellow prone to fits of despair and jubilation. When he's overly excited, you should consider selling to him; when he's pessimistic, you should think about buying. Right now, Mr. Market is very downbeat on diversified international industrial giant 3M. One way to see this is that the company's dividend yield, at around 3.3%, is near the top end of its historical range.MMM Dividend Yield data by YChartsGraham had some other advice when it came to actually selecting stocks. Specifically, he argued that most investors would be wise sticking to large, financially strong companies, with strong dividend histories. 3M stacks up well on these measures. It has a market cap of $100 billion, which makes it a mega-cap stock. Its balance sheet is investment-grade rated by the major credit agencies, so it's financially strong. And it has increased its dividend annually for over 60 years, making it a very elite Dividend King.So why is Mr. Market pessimistic? The answer is a mixture of slowing growth and some product and environmental lawsuits. These are notable problems, but they're not insurmountable. On the business front, the industrial giant's operations wax and wane over time just like any other company. Given its history and focus on innovation, it should eventually get back on a better track. As for the lawsuits, they could be costly, but it's likely that 3M will be able to handle the hit. In the end, this is an attractively priced name with a great history that is dealing with issues that seem transitory.A proven value creatorMatt DiLallo (Brookfield Asset Management): I like to invest. Because of that, I routinely purchase a variety of stocks. However, if I could only buy one in the coming year, Brookfield Asset Management would be my top choice.For starters, I love the company's management. CEO Bruce Flatt is a personal favorite of mine. He's right up there with Warren Buffett in my book as one of the best value investors around. I enjoy reading his quarterly letter to shareholders, which Flatt fills with investing and economic insight. He's also a proven value creator. Since becoming CEO in 2002, he's helped Brookfield deliver a 15.7% total annualized return, pulverizing the S&P 500's 10.6% total return during that time frame. I also like the company's business model. Brookfield is a leading global alternative asset manager focused on real estate, infrastructure, and renewable energy -- three of my favorite investing themes. An investment in Brookfield provides broad exposure to those three asset classes and many more. Brookfield invests directly across those themes and manages private equity funds focused on those sectors.Finally, Brookfield has enormous upside potential. It expects to double its fee-bearing assets under management over the next five years. Combine that with performance-based earnings on its funds and the compounding value of its balance sheet investments, and it has the potential of generating up to 25% annualized total returns over the next five years. That upside, along with all the other positives, is why I'd buy Brookfield if it were the only stock I could purchase this year. Investors are overlooking the growth potential hereNeha Chamaria (Brookfield Renewable): 2021 is turning out to be a record-setting year for global renewable electricity addition, but this could just be the beginning. Yet shares of one of the largest pure-play renewables companies that's growing at a steady pace have languished this year, which is why Brookfield Renewable would be at the top of my shopping list of stocks to buy in 2022.Brookfield Renewable, in fact, generated record funds from operations (FFO) in its third quarter and believes it could grow FFO by nearly 20% per year through 2026 through a combination of organic and inorganic growth. 2021 was also a solid year in terms of growth initiatives, with Brookfield Renewable expanding its U.S. distributed-generation business by nearly five times, signing agreements to acquire multiple late-stage solar development projects in the U.S. and even making meaningful headway in the high-potential green hydrogen space.Brookfield Renewable's current development pipeline is larger than ever, and the company is committed to growing dividends annually by 5% to 9%. That shouldn't be tough given the solid pace of growth in its FFO. That dividend growth, its dividend yield of 3.4%, and the humongous growth potential in renewable energy are the biggest reasons why I consider Brookfield Renewable a top stock for 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886390893,"gmtCreate":1631548089312,"gmtModify":1676530573695,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886390893","repostId":"2167630550","repostType":4,"repost":{"id":"2167630550","kind":"highlight","pubTimestamp":1631516701,"share":"https://ttm.financial/m/news/2167630550?lang=&edition=fundamental","pubTime":"2021-09-13 15:05","market":"us","language":"en","title":"Here's what Apple is expected to announce at its iPhone 13 launch event Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=2167630550","media":"MarketWatch","summary":"Apple looks to refocus on the iPhone after App Store legal blow. Apple is set to unveil new devices at a Tuesday event.Fresh off a legal sting in its battle over App Store payment practices, Apple Inc. will be looking to refocus attention back on its technology with its upcoming iPhone reveal.The smartphone giant is expected to unveil its iPhone 13 lineup -- as well as new smartwatches, headphones and possibly more -- during its annual fall event Tuesday. The announcements will come just days af","content":"<p>Apple looks to refocus on the iPhone after App Store legal blow</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1306d1e47e19f9fe4f1d6a24c7e3ba44\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Apple is set to unveil new devices at a Tuesday event.</span></p>\n<p>Fresh off a legal sting in its battle over App Store payment practices, Apple Inc. will be looking to refocus attention back on its technology with its upcoming iPhone reveal.</p>\n<p>The smartphone giant is expected to unveil its iPhone 13 lineup -- as well as new smartwatches, headphones and possibly more -- during its annual fall event Tuesday. The announcements will come just days after a federal judge ruled that Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> could no longer prohibit app developers from offering alternate payment options beyond Apple's own in-app payment service, in a signal of the increasing backlash against the dominance of big technology companies.</p>\n<p>But the average iPhone user is likely unconcerned with the machinations of in-app payments, and they will be Apple's target audience as the company rolls out its new lineup. The phones are expected to feature improvements to camera and video functions but have a similar design to last year's models.</p>\n<p>The rumored upgrades mark perhaps more incremental improvements to the iPhone, unlike a year ago, when Apple brought 5G connectivity to its handsets for the first time and changed the phone's design. The iPhone 12 lineup has been selling well, and analysts seem generally upbeat about potential demand for the iPhone 13 family as well, despite what could be a lack of blockbuster feature upgrades.</p>\n<p>\"Given an improved economy, expanded 5G coverage, and low 5G smartphone ownership, we expect the iPhone 13 family to receive an enthusiastic reception,\" wrote Monness, Crespi, Hardt &amp; Co. analyst Brian White.</p>\n<p>Here's what to watch for at Tuesday's event, which kicks off virtually at 1 p.m. ET.</p>\n<p><b>iPhone</b></p>\n<p>The iPhone has been the centerpiece of Apple's fall events and should be again this year.</p>\n<p>The company is expected to roll out four new phones, just as it did last year, featuring a similar design. One possible change from a visual standpoint is a smaller notch on the top of the phones, but otherwise the devices shouldn't look too different from their predecessors. MacRumors predicts that some rumored changes, like the disappearance of the Lightning charging port or the return of a fingerprint sensor, won't actually manifest in the upcoming models.</p>\n<p>Apple isn't likely to change the sizes of its phones this year, according to MacRumors, which is looking for the company to roll out a 5.4-inch iPhone mini, a 6.1-inch iPhone, a 6.1-inch iPhone Pro and a 6.7-inch iPhone Pro Max.</p>\n<p>The biggest improvements could come to the camera. Apple is reportedly planning to introduce a video version of its Portrait Mode setting, according to Bloomberg News, which would let users capture videos with blurred backgrounds. The company is also looking to add a ProRes recording capability that would allow for high-resolution footage as well as new photo-diting functions that would let people make pictures warmer or cooler, without affecting the white tones, per the report.</p>\n<p>There's also been talk of potential satellite capabilities in the next iPhones. Shares of satellite-communications company Globalstar Inc. surged after a report indicated that Apple was including low-earth orbit <a href=\"https://laohu8.com/S/LEO\">$(LEO)$</a> satellite communications so that users would be able to place calls or send messages without 4G or 5G cellular connections, but a second report suggested that Apple may limit this feature to emergency communications.</p>\n<p><b>Augmented reality</b></p>\n<p>Apple's landing page for the Sept. 14 event contained an Easter egg for iPhone users, allowing them to click on the Apple logo and view it in augmented reality on top of their surroundings. That suggests to <a href=\"https://laohu8.com/S/EFFE\">Global X</a> research analyst Pedro Palandrani that the company could be planning a significant AR announcement.</p>\n<p>The \"easy answer\" is that Apple would introduce a new AR feature for the iPhone, but there's \"not much to do there at this point,\" Palandrani told MarketWatch. \"I wouldn't be surprised if we get to see some Apple glasses,\" he continued, referring to the oft-discussed possibility that Apple would develop a form of AR glasses. <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc. (FB) recently unveiled its own pair of smart glasses.</p>\n<p>Whether Apple would be able to sell the hypothetical smart glasses immediately remains a question for Palandrani, given supply constraints impacting the broader consumer-electronics industry.</p>\n<p>\"Maybe they don't have the ability at this time to mass manufacture that type of device,\" he said, but in the near term, it's \"certainly a possibility.\"</p>\n<p>Evercore ISI analyst Amit Daryanani wrote that he sees \"a LONG SHOT that we finally get an AR/VR product announcement.\"</p>\n<p><b>Apple Watch</b></p>\n<p>Apple could be planning a design change to its next Apple Watch, as rumors indicate the company is looking to slightly increase its screen sizes and make the casing style more similar to what's seen on the iPhone 12 line.</p>\n<p>The Apple Watch 7 could come in 41-millimeter and 45-millimeter screen sizes, according to Bloomberg News, up from 40 millimeters and 44 millimeters currently. Bloomberg isn't anticipating any meaningful health upgrades, noting that a body-temperature scanner may not show up until next year's models come out.</p>\n<p>The devices are expected to have a flat-edged look, according to MacRumors, similar to what the iPhone 12 line sports. There were indications that Apple faced production issues with the Apple Watch 7, mainly due to the new design, but MacRumors cited a recent report from noted Apple analyst Ming-Chi Kuo, who said that Apple has resolved its issues and still looks to be on track with its planned launch.</p>\n<p><b>AirPods</b></p>\n<p>Apple could also be set to launch a refreshed version of its entry-level AirPods headphones. Beyond the base model, Apple offers a Pro version of the earbuds and a set of high-quality, over-the-ear headphones, and Apple may borrow some features from those as it jazzes up its regular AirPods.</p>\n<p>To start, the company is expected to change up the design a bit, putting a shorter stem on the new AirPods, similar to what's seen on the AirPods Pro. A CNet roundup notes that Apple is rumored to be planning for the introduction of spatial-audio technology to the basic AirPods.</p>\n<p>Apple may intend to leave out noise-cancelling functions on this upcoming AirPods model, per a report from Bloomberg News that came out late last year.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's what Apple is expected to announce at its iPhone 13 launch event Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's what Apple is expected to announce at its iPhone 13 launch event Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 15:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/heres-what-apple-is-expected-to-announce-at-its-iphone-13-launch-event-tuesday-11631480093?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple looks to refocus on the iPhone after App Store legal blow\nApple is set to unveil new devices at a Tuesday event.\nFresh off a legal sting in its battle over App Store payment practices, Apple Inc...</p>\n\n<a href=\"https://www.marketwatch.com/story/heres-what-apple-is-expected-to-announce-at-its-iphone-13-launch-event-tuesday-11631480093?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/heres-what-apple-is-expected-to-announce-at-its-iphone-13-launch-event-tuesday-11631480093?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167630550","content_text":"Apple looks to refocus on the iPhone after App Store legal blow\nApple is set to unveil new devices at a Tuesday event.\nFresh off a legal sting in its battle over App Store payment practices, Apple Inc. will be looking to refocus attention back on its technology with its upcoming iPhone reveal.\nThe smartphone giant is expected to unveil its iPhone 13 lineup -- as well as new smartwatches, headphones and possibly more -- during its annual fall event Tuesday. The announcements will come just days after a federal judge ruled that Apple $(AAPL)$ could no longer prohibit app developers from offering alternate payment options beyond Apple's own in-app payment service, in a signal of the increasing backlash against the dominance of big technology companies.\nBut the average iPhone user is likely unconcerned with the machinations of in-app payments, and they will be Apple's target audience as the company rolls out its new lineup. The phones are expected to feature improvements to camera and video functions but have a similar design to last year's models.\nThe rumored upgrades mark perhaps more incremental improvements to the iPhone, unlike a year ago, when Apple brought 5G connectivity to its handsets for the first time and changed the phone's design. The iPhone 12 lineup has been selling well, and analysts seem generally upbeat about potential demand for the iPhone 13 family as well, despite what could be a lack of blockbuster feature upgrades.\n\"Given an improved economy, expanded 5G coverage, and low 5G smartphone ownership, we expect the iPhone 13 family to receive an enthusiastic reception,\" wrote Monness, Crespi, Hardt & Co. analyst Brian White.\nHere's what to watch for at Tuesday's event, which kicks off virtually at 1 p.m. ET.\niPhone\nThe iPhone has been the centerpiece of Apple's fall events and should be again this year.\nThe company is expected to roll out four new phones, just as it did last year, featuring a similar design. One possible change from a visual standpoint is a smaller notch on the top of the phones, but otherwise the devices shouldn't look too different from their predecessors. MacRumors predicts that some rumored changes, like the disappearance of the Lightning charging port or the return of a fingerprint sensor, won't actually manifest in the upcoming models.\nApple isn't likely to change the sizes of its phones this year, according to MacRumors, which is looking for the company to roll out a 5.4-inch iPhone mini, a 6.1-inch iPhone, a 6.1-inch iPhone Pro and a 6.7-inch iPhone Pro Max.\nThe biggest improvements could come to the camera. Apple is reportedly planning to introduce a video version of its Portrait Mode setting, according to Bloomberg News, which would let users capture videos with blurred backgrounds. The company is also looking to add a ProRes recording capability that would allow for high-resolution footage as well as new photo-diting functions that would let people make pictures warmer or cooler, without affecting the white tones, per the report.\nThere's also been talk of potential satellite capabilities in the next iPhones. Shares of satellite-communications company Globalstar Inc. surged after a report indicated that Apple was including low-earth orbit $(LEO)$ satellite communications so that users would be able to place calls or send messages without 4G or 5G cellular connections, but a second report suggested that Apple may limit this feature to emergency communications.\nAugmented reality\nApple's landing page for the Sept. 14 event contained an Easter egg for iPhone users, allowing them to click on the Apple logo and view it in augmented reality on top of their surroundings. That suggests to Global X research analyst Pedro Palandrani that the company could be planning a significant AR announcement.\nThe \"easy answer\" is that Apple would introduce a new AR feature for the iPhone, but there's \"not much to do there at this point,\" Palandrani told MarketWatch. \"I wouldn't be surprised if we get to see some Apple glasses,\" he continued, referring to the oft-discussed possibility that Apple would develop a form of AR glasses. Facebook Inc. (FB) recently unveiled its own pair of smart glasses.\nWhether Apple would be able to sell the hypothetical smart glasses immediately remains a question for Palandrani, given supply constraints impacting the broader consumer-electronics industry.\n\"Maybe they don't have the ability at this time to mass manufacture that type of device,\" he said, but in the near term, it's \"certainly a possibility.\"\nEvercore ISI analyst Amit Daryanani wrote that he sees \"a LONG SHOT that we finally get an AR/VR product announcement.\"\nApple Watch\nApple could be planning a design change to its next Apple Watch, as rumors indicate the company is looking to slightly increase its screen sizes and make the casing style more similar to what's seen on the iPhone 12 line.\nThe Apple Watch 7 could come in 41-millimeter and 45-millimeter screen sizes, according to Bloomberg News, up from 40 millimeters and 44 millimeters currently. Bloomberg isn't anticipating any meaningful health upgrades, noting that a body-temperature scanner may not show up until next year's models come out.\nThe devices are expected to have a flat-edged look, according to MacRumors, similar to what the iPhone 12 line sports. There were indications that Apple faced production issues with the Apple Watch 7, mainly due to the new design, but MacRumors cited a recent report from noted Apple analyst Ming-Chi Kuo, who said that Apple has resolved its issues and still looks to be on track with its planned launch.\nAirPods\nApple could also be set to launch a refreshed version of its entry-level AirPods headphones. Beyond the base model, Apple offers a Pro version of the earbuds and a set of high-quality, over-the-ear headphones, and Apple may borrow some features from those as it jazzes up its regular AirPods.\nTo start, the company is expected to change up the design a bit, putting a shorter stem on the new AirPods, similar to what's seen on the AirPods Pro. A CNet roundup notes that Apple is rumored to be planning for the introduction of spatial-audio technology to the basic AirPods.\nApple may intend to leave out noise-cancelling functions on this upcoming AirPods model, per a report from Bloomberg News that came out late last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812072176,"gmtCreate":1630543953095,"gmtModify":1676530334884,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812072176","repostId":"2164481914","repostType":4,"repost":{"id":"2164481914","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1630529217,"share":"https://ttm.financial/m/news/2164481914?lang=&edition=fundamental","pubTime":"2021-09-02 04:46","market":"us","language":"en","title":"Tech stocks send Nasdaq to fresh record close, boost S&P","url":"https://stock-news.laohu8.com/highlight/detail?id=2164481914","media":"Reuters","summary":"Gains for tech stocks, utilities and real estate.\nAugust private jobs growth misses expectations.\nIn","content":"<ul>\n <li>Gains for tech stocks, utilities and real estate.</li>\n <li>August private jobs growth misses expectations.</li>\n <li>Indexes: Dow falls 0.14%, S&amp;P up 0.03%, Nasdaq rises 0.33%.</li>\n</ul>\n<p>Sept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&amp;P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.</p>\n<p>Technology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.</p>\n<p>Utilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.</p>\n<p>\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.</p>\n<p>Wall Street's main indexes have hit record highs recently, with the benchmark S&amp;P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.</p>\n<p>Each new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.</p>\n<p>A report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.</p>\n<p>Another set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.</p>\n<p>\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.</p>\n<p>The Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&amp;P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.</p>\n<p>Falling 1.5% on the day, and down for the third straight session, was the energy index.</p>\n<p>Crude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established&nbsp;More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.</p>\n<p><a href=\"https://laohu8.com/S/PBF\">PBF Energy</a> Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.</p>\n<p>Volume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stocks send Nasdaq to fresh record close, boost S&P</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech stocks send Nasdaq to fresh record close, boost S&P\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-02 04:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Gains for tech stocks, utilities and real estate.</li>\n <li>August private jobs growth misses expectations.</li>\n <li>Indexes: Dow falls 0.14%, S&amp;P up 0.03%, Nasdaq rises 0.33%.</li>\n</ul>\n<p>Sept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&amp;P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.</p>\n<p>Technology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.</p>\n<p>Utilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.</p>\n<p>\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.</p>\n<p>Wall Street's main indexes have hit record highs recently, with the benchmark S&amp;P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.</p>\n<p>Each new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.</p>\n<p>A report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.</p>\n<p>Another set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.</p>\n<p>\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.</p>\n<p>The Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&amp;P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.</p>\n<p>Falling 1.5% on the day, and down for the third straight session, was the energy index.</p>\n<p>Crude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established&nbsp;More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.</p>\n<p><a href=\"https://laohu8.com/S/PBF\">PBF Energy</a> Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.</p>\n<p>Volume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164481914","content_text":"Gains for tech stocks, utilities and real estate.\nAugust private jobs growth misses expectations.\nIndexes: Dow falls 0.14%, S&P up 0.03%, Nasdaq rises 0.33%.\n\nSept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.\nTechnology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and Facebook Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.\nUtilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.\n\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.\nWall Street's main indexes have hit record highs recently, with the benchmark S&P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.\nEach new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.\nA report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.\nAnother set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.\n\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.\nThe Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.\nFalling 1.5% on the day, and down for the third straight session, was the energy index.\nCrude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.\nPBF Energy Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.\nVolume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.\nThe S&P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.\n(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095162065,"gmtCreate":1644852726679,"gmtModify":1676533968319,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"🤔","listText":"🤔","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095162065","repostId":"1144307682","repostType":4,"isVote":1,"tweetType":1,"viewCount":676,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099174840,"gmtCreate":1643327090161,"gmtModify":1676533804209,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"gd","listText":"gd","text":"gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099174840","repostId":"2206412188","repostType":4,"repost":{"id":"2206412188","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1643325103,"share":"https://ttm.financial/m/news/2206412188?lang=&edition=fundamental","pubTime":"2022-01-28 07:11","market":"us","language":"en","title":"U.S. Stocks Ends Lower after Another Wild Ride","url":"https://stock-news.laohu8.com/highlight/detail?id=2206412188","media":"Reuters","summary":"* Russell 2000 confirms it entered bear market on Nov 8* Apple gains in after-hours trading after results* Netflix jumps after Ackman builds new stake* U.S. economy's 2021 growth best since 1984* Inde","content":"<html><head></head><body><p>* Russell 2000 confirms it entered bear market on Nov 8</p><p>* Apple gains in after-hours trading after results</p><p>* Netflix jumps after Ackman builds new stake</p><p>* U.S. economy&#39;s 2021 growth best since 1984</p><p>* Indexes down: Dow 0.02%, S&amp;P 0.54%, Nasdaq 1.40%</p><p>NEW YORK, Jan 27 (Reuters) - Wall Street gyrated wildly on Thursday, the S&amp;P 500 once again narrowly avoiding correction confirmation at the end of a session marked by a rally, selloff and recovery as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve.</p><p>All three major U.S. stock indexes ended lower, having been whipsawed by uncertainty in recent days, marked by wide fluctuations and heightened volatility.</p><p>Smallcaps have had a rougher go of it, with the Russell 2000 now more than 20% below its Nov. 8 record high, officially confirming the index has been in a bear market since then.</p><p>&#34;This is a market that is schizophrenic,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York. &#34;There are those who believe everything negative has been discounted and there are others who believe that the worst is yet to come.&#34;</p><p>&#34;It’s a period of a lot of uncertainty, it’s been this way all month,&#34; Ghriskey added.</p><p>Among a spate of economic data released on Thursday, the Commerce Department&#39;s advance take on fourth-quarter GDP shows the U.S. economy in 2021 grew at its fastest pace in nearly four decades.</p><p>Markets seesawed following the release on Wednesday of the FOMC statement, which left key interest rates near zero, and Fed Chairman Jerome Powell&#39;s subsequent Q&amp;A session during which he appeared to raise the possibility of more rate hikes this year than previously expected, beginning in March.</p><p>The fed funds futures market now prices in nearly five rate hikes this year in the wake of Powell&#39;s remarks.</p><p>Geopolitical tensions simmered, as Russia continues to build up troops along the Ukrainian border and diplomats scramble to avoid conflict in the region.</p><p>The Dow Jones Industrial Average fell 7.31 points, or 0.02%, to 34,160.78, the S&amp;P 500 lost 23.42 points, or 0.54%, to 4,326.51 and the Nasdaq Composite dropped 189.34 points, or 1.4%, to 13,352.78.</p><p>Of the 11 major sectors in the S&amp;P 500, five ended in the red, with consumer discretionary stocks suffering the largest percentage slide.</p><p>Fourth-quarter reporting season has hit full stride, with 145 of the companies in the S&amp;P 500 having reported. Of those, 79% have delivered consensus-beating results, according to Refinitiv data.</p><p>Analysts now see, on aggregate, year-on-year fourth-quarter earnings growth of 24.2% for the S&amp;P 500, per Refinitiv.</p><p>&#34;The numbers and especially the guidance has not been that inspiring and that’s a factor that’s been limiting the upside so far this week,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.</p><p>Supply-chain challenges, the engine driving inflation through the recovery from the global health crisis, have been a recurring theme this earnings season.</p><p>Intel Corp cited that issue as the reason behind its disappointing first-quarter earnings forecast, which sent its shares tumbling 7.0%.</p><p>Intel&#39;s dismal outlook weighed on the broader sector, sending the Philadelphia SE semiconductor index down 4.8%, its worst one-day decline since March 8, 2021.</p><p>Shares of Tesla Inc dropped 11.6% after the company warned that supply issues will last throughout 2022. Shares of rivals Lucid Group and Rivian Automotive were down 14.1% and 10.5%, respectively.</p><p>Netflix Inc jumped 7.5% following news that billionaire investor William Ackman has amassed a new $1 billion stake in the company.</p><p>Apple Inc shares gained more than 5% in post-market trading after the iPhone maker beat profit estimates.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.65-to-1 ratio; on Nasdaq, a 3.71-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 17 new 52-week highs and 15 new lows; the Nasdaq Composite recorded 19 new highs and 581 new lows.</p><p>Volume on U.S. exchanges was 13.29 billion shares, compared with the 11.86 billion average over the last 20 trading days.</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>U.S. Stocks Ends Lower after Another Wild Ride</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Ends Lower after Another Wild Ride\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-28 07:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Russell 2000 confirms it entered bear market on Nov 8</p><p>* Apple gains in after-hours trading after results</p><p>* Netflix jumps after Ackman builds new stake</p><p>* U.S. economy&#39;s 2021 growth best since 1984</p><p>* Indexes down: Dow 0.02%, S&amp;P 0.54%, Nasdaq 1.40%</p><p>NEW YORK, Jan 27 (Reuters) - Wall Street gyrated wildly on Thursday, the S&amp;P 500 once again narrowly avoiding correction confirmation at the end of a session marked by a rally, selloff and recovery as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve.</p><p>All three major U.S. stock indexes ended lower, having been whipsawed by uncertainty in recent days, marked by wide fluctuations and heightened volatility.</p><p>Smallcaps have had a rougher go of it, with the Russell 2000 now more than 20% below its Nov. 8 record high, officially confirming the index has been in a bear market since then.</p><p>&#34;This is a market that is schizophrenic,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York. &#34;There are those who believe everything negative has been discounted and there are others who believe that the worst is yet to come.&#34;</p><p>&#34;It’s a period of a lot of uncertainty, it’s been this way all month,&#34; Ghriskey added.</p><p>Among a spate of economic data released on Thursday, the Commerce Department&#39;s advance take on fourth-quarter GDP shows the U.S. economy in 2021 grew at its fastest pace in nearly four decades.</p><p>Markets seesawed following the release on Wednesday of the FOMC statement, which left key interest rates near zero, and Fed Chairman Jerome Powell&#39;s subsequent Q&amp;A session during which he appeared to raise the possibility of more rate hikes this year than previously expected, beginning in March.</p><p>The fed funds futures market now prices in nearly five rate hikes this year in the wake of Powell&#39;s remarks.</p><p>Geopolitical tensions simmered, as Russia continues to build up troops along the Ukrainian border and diplomats scramble to avoid conflict in the region.</p><p>The Dow Jones Industrial Average fell 7.31 points, or 0.02%, to 34,160.78, the S&amp;P 500 lost 23.42 points, or 0.54%, to 4,326.51 and the Nasdaq Composite dropped 189.34 points, or 1.4%, to 13,352.78.</p><p>Of the 11 major sectors in the S&amp;P 500, five ended in the red, with consumer discretionary stocks suffering the largest percentage slide.</p><p>Fourth-quarter reporting season has hit full stride, with 145 of the companies in the S&amp;P 500 having reported. Of those, 79% have delivered consensus-beating results, according to Refinitiv data.</p><p>Analysts now see, on aggregate, year-on-year fourth-quarter earnings growth of 24.2% for the S&amp;P 500, per Refinitiv.</p><p>&#34;The numbers and especially the guidance has not been that inspiring and that’s a factor that’s been limiting the upside so far this week,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.</p><p>Supply-chain challenges, the engine driving inflation through the recovery from the global health crisis, have been a recurring theme this earnings season.</p><p>Intel Corp cited that issue as the reason behind its disappointing first-quarter earnings forecast, which sent its shares tumbling 7.0%.</p><p>Intel&#39;s dismal outlook weighed on the broader sector, sending the Philadelphia SE semiconductor index down 4.8%, its worst one-day decline since March 8, 2021.</p><p>Shares of Tesla Inc dropped 11.6% after the company warned that supply issues will last throughout 2022. Shares of rivals Lucid Group and Rivian Automotive were down 14.1% and 10.5%, respectively.</p><p>Netflix Inc jumped 7.5% following news that billionaire investor William Ackman has amassed a new $1 billion stake in the company.</p><p>Apple Inc shares gained more than 5% in post-market trading after the iPhone maker beat profit estimates.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.65-to-1 ratio; on Nasdaq, a 3.71-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 17 new 52-week highs and 15 new lows; the Nasdaq Composite recorded 19 new highs and 581 new lows.</p><p>Volume on U.S. exchanges was 13.29 billion shares, compared with the 11.86 billion average over the last 20 trading days.</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":"2206412188","content_text":"* Russell 2000 confirms it entered bear market on Nov 8* Apple gains in after-hours trading after results* Netflix jumps after Ackman builds new stake* U.S. economy's 2021 growth best since 1984* Indexes down: Dow 0.02%, S&P 0.54%, Nasdaq 1.40%NEW YORK, Jan 27 (Reuters) - Wall Street gyrated wildly on Thursday, the S&P 500 once again narrowly avoiding correction confirmation at the end of a session marked by a rally, selloff and recovery as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve.All three major U.S. stock indexes ended lower, having been whipsawed by uncertainty in recent days, marked by wide fluctuations and heightened volatility.Smallcaps have had a rougher go of it, with the Russell 2000 now more than 20% below its Nov. 8 record high, officially confirming the index has been in a bear market since then.\"This is a market that is schizophrenic,\" said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. \"There are those who believe everything negative has been discounted and there are others who believe that the worst is yet to come.\"\"It’s a period of a lot of uncertainty, it’s been this way all month,\" Ghriskey added.Among a spate of economic data released on Thursday, the Commerce Department's advance take on fourth-quarter GDP shows the U.S. economy in 2021 grew at its fastest pace in nearly four decades.Markets seesawed following the release on Wednesday of the FOMC statement, which left key interest rates near zero, and Fed Chairman Jerome Powell's subsequent Q&A session during which he appeared to raise the possibility of more rate hikes this year than previously expected, beginning in March.The fed funds futures market now prices in nearly five rate hikes this year in the wake of Powell's remarks.Geopolitical tensions simmered, as Russia continues to build up troops along the Ukrainian border and diplomats scramble to avoid conflict in the region.The Dow Jones Industrial Average fell 7.31 points, or 0.02%, to 34,160.78, the S&P 500 lost 23.42 points, or 0.54%, to 4,326.51 and the Nasdaq Composite dropped 189.34 points, or 1.4%, to 13,352.78.Of the 11 major sectors in the S&P 500, five ended in the red, with consumer discretionary stocks suffering the largest percentage slide.Fourth-quarter reporting season has hit full stride, with 145 of the companies in the S&P 500 having reported. Of those, 79% have delivered consensus-beating results, according to Refinitiv data.Analysts now see, on aggregate, year-on-year fourth-quarter earnings growth of 24.2% for the S&P 500, per Refinitiv.\"The numbers and especially the guidance has not been that inspiring and that’s a factor that’s been limiting the upside so far this week,\" said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.Supply-chain challenges, the engine driving inflation through the recovery from the global health crisis, have been a recurring theme this earnings season.Intel Corp cited that issue as the reason behind its disappointing first-quarter earnings forecast, which sent its shares tumbling 7.0%.Intel's dismal outlook weighed on the broader sector, sending the Philadelphia SE semiconductor index down 4.8%, its worst one-day decline since March 8, 2021.Shares of Tesla Inc dropped 11.6% after the company warned that supply issues will last throughout 2022. Shares of rivals Lucid Group and Rivian Automotive were down 14.1% and 10.5%, respectively.Netflix Inc jumped 7.5% following news that billionaire investor William Ackman has amassed a new $1 billion stake in the company.Apple Inc shares gained more than 5% in post-market trading after the iPhone maker beat profit estimates.Declining issues outnumbered advancing ones on the NYSE by a 2.65-to-1 ratio; on Nasdaq, a 3.71-to-1 ratio favored decliners.The S&P 500 posted 17 new 52-week highs and 15 new lows; the Nasdaq Composite recorded 19 new highs and 581 new lows.Volume on U.S. exchanges was 13.29 billion shares, compared with the 11.86 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005547301,"gmtCreate":1642375315194,"gmtModify":1676533704602,"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005547301","repostId":"1102556611","repostType":4,"repost":{"id":"1102556611","kind":"news","pubTimestamp":1642297266,"share":"https://ttm.financial/m/news/1102556611?lang=&edition=fundamental","pubTime":"2022-01-16 09:41","market":"us","language":"en","title":"Amazon Stock Could Return 20% Annually Based on Analyst FCF Forecasts","url":"https://stock-news.laohu8.com/highlight/detail?id=1102556611","media":"InvestorPlace","summary":"Amazon(NASDAQ:AMZN) stock has been in a sort of free fall for the past several months. I suspect tha","content":"<html><head></head><body><p><b>Amazon</b>(NASDAQ:<b><u>AMZN</u></b>) stock has been in a sort of free fall for the past several months. I suspect that it may be at a point where investors can begin accumulating it. One reason is that I foresee that AMZN stock will stage a rebound sometime this quarter or in the spring.</p><p>After peaking at $3,696.06 on Nov. 18, the stock has taken a tumble. At the end of December, AMZN stock closed at $3,334.34. But as of Jan. 13, it was lower at $3,224.28. That represents a drop of about 10% from its peak and a decline of 3.3% since the beginning of 2022.</p><p>However, once the company issues its upcoming earnings, I suspect that AMZN stock could make a rebound. Let’s look at this further.</p><p>Where Things Stand at Amazon.com</p><p>Amazon is likely to release its fourth-quarter (Q4) earnings report sometime before the end of this month. This is because it usually releases its quarterly earnings at the end of the month following the quarter-end.</p><p>More importantly, the release is likely to show a much higher free cash flow (FCF) figure than it did last quarter. In Q3, Amazon reported that its last 12 months (LTM) FCF fell to just$2.6 billion. This was substantially lower than its year-earlier Q3 LTM figure of $29.5 billion.</p><p>By the way, Amazon is one of the only large companies that reports its earnings this way. It likes to use a quarterly comparison of full-year FCF on a look-back basis over the prior 12 months.</p><p>This is most likely because the Christmas quarter (Q4) is such a large portion of its overall free cash flow. In other words, the quarterly changes are irrelevant, unless seen on an LTM basis, because the Christmas quarter is such an important factor.</p><p>One Time Costs and FCF</p><p>As I wrote last month, Amazon experienced a good deal of difficulty in operating costs. This is likely from the travails from Covid-19 and its effect on Amazon’s business. For example, its freight and shipping costs increased 20% on a year-over-year (YOY) basis in Q3.</p><p>Moreover, shipping costs were up 30% in Q2 and 57% in Q1. This goes a long way in explaining why the Q3 trailing-12-month (TTM) free cash flow figures were significantly lower. However, you can see that the YOY cost increases have been declining. This could mean that Amazon is adapting to these changes.</p><p>Therefore, I suspect that the Q4 might not show as great an increase in these costs. As a result, FCF margins might be better than expected, given the poor results in Q3.</p><p>Free Cash Flow Estimates for AMZN Stock</p><p>Historically, Amazon has made TTM FCF margins of 8.5% or higher. Last year, Amazon made $29.5 billion in TTM FCF on sales of $348 billion. That is an LTM FCF margin of 8.5%.</p><p>So, Amazon could be at a low here in terms of its poor LTM FCF margins. Going forward, FCF margins might be at least 4.25%, half of the historical quarterly averages.</p><p>Therefore, assuming sales hit $553 billion in 2022, using Seeking Alpha’s analyst estimates, the FCF forecast for 2022 will be $23.5 billion. This is the result of multiplying 4.25% by $553 billion.</p><p>This is almost 10 times the $2.5 billion that Amazon made in LTM FCF during Q3. So, it represents a huge turnaround in the FCF. And remember, we are only using half of the normal 8.5% FCF margin for Amazon.</p><p>Where This Leaves AMZN Stock</p><p>Using a 1% FCF yield metric, we can forecast that Amazon’s market value will reach $2.35 trillion. This is the result of dividing $23.5 billion by 0.01 (i.e., $23.5b / 1.0% = $2.35 trillion).</p><p>This $2.35 trillion target market value is 43.73% higher than Amazon’s existing market value of $1.635 trillion.</p><p>That implies that AMZN stock is worth 43.73% more than its price today of $3,224.28. That puts its target value at $4,634.26 per share.</p><p>Here is the good thing about this. Even if it takes 2 years for the stock to rise 43.73% to this price, the average annual return will be about 20% annually (19.9%).</p><p>So, investing in AMZN stock should provide at least a 20% average return over the next 2 years, and possibly much more. That is a very good return on investment for most investors, especially over the long-term.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock Could Return 20% Annually Based on Analyst FCF Forecasts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock Could Return 20% Annually Based on Analyst FCF Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-16 09:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/amzn-stock-could-return-20-percent-annually-over-2-years-based-on-its-fcf-estimates/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon(NASDAQ:AMZN) stock has been in a sort of free fall for the past several months. I suspect that it may be at a point where investors can begin accumulating it. One reason is that I foresee that ...</p>\n\n<a href=\"https://investorplace.com/2022/01/amzn-stock-could-return-20-percent-annually-over-2-years-based-on-its-fcf-estimates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://investorplace.com/2022/01/amzn-stock-could-return-20-percent-annually-over-2-years-based-on-its-fcf-estimates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102556611","content_text":"Amazon(NASDAQ:AMZN) stock has been in a sort of free fall for the past several months. I suspect that it may be at a point where investors can begin accumulating it. One reason is that I foresee that AMZN stock will stage a rebound sometime this quarter or in the spring.After peaking at $3,696.06 on Nov. 18, the stock has taken a tumble. At the end of December, AMZN stock closed at $3,334.34. But as of Jan. 13, it was lower at $3,224.28. That represents a drop of about 10% from its peak and a decline of 3.3% since the beginning of 2022.However, once the company issues its upcoming earnings, I suspect that AMZN stock could make a rebound. Let’s look at this further.Where Things Stand at Amazon.comAmazon is likely to release its fourth-quarter (Q4) earnings report sometime before the end of this month. This is because it usually releases its quarterly earnings at the end of the month following the quarter-end.More importantly, the release is likely to show a much higher free cash flow (FCF) figure than it did last quarter. In Q3, Amazon reported that its last 12 months (LTM) FCF fell to just$2.6 billion. This was substantially lower than its year-earlier Q3 LTM figure of $29.5 billion.By the way, Amazon is one of the only large companies that reports its earnings this way. It likes to use a quarterly comparison of full-year FCF on a look-back basis over the prior 12 months.This is most likely because the Christmas quarter (Q4) is such a large portion of its overall free cash flow. In other words, the quarterly changes are irrelevant, unless seen on an LTM basis, because the Christmas quarter is such an important factor.One Time Costs and FCFAs I wrote last month, Amazon experienced a good deal of difficulty in operating costs. This is likely from the travails from Covid-19 and its effect on Amazon’s business. For example, its freight and shipping costs increased 20% on a year-over-year (YOY) basis in Q3.Moreover, shipping costs were up 30% in Q2 and 57% in Q1. This goes a long way in explaining why the Q3 trailing-12-month (TTM) free cash flow figures were significantly lower. However, you can see that the YOY cost increases have been declining. This could mean that Amazon is adapting to these changes.Therefore, I suspect that the Q4 might not show as great an increase in these costs. As a result, FCF margins might be better than expected, given the poor results in Q3.Free Cash Flow Estimates for AMZN StockHistorically, Amazon has made TTM FCF margins of 8.5% or higher. Last year, Amazon made $29.5 billion in TTM FCF on sales of $348 billion. That is an LTM FCF margin of 8.5%.So, Amazon could be at a low here in terms of its poor LTM FCF margins. Going forward, FCF margins might be at least 4.25%, half of the historical quarterly averages.Therefore, assuming sales hit $553 billion in 2022, using Seeking Alpha’s analyst estimates, the FCF forecast for 2022 will be $23.5 billion. This is the result of multiplying 4.25% by $553 billion.This is almost 10 times the $2.5 billion that Amazon made in LTM FCF during Q3. So, it represents a huge turnaround in the FCF. And remember, we are only using half of the normal 8.5% FCF margin for Amazon.Where This Leaves AMZN StockUsing a 1% FCF yield metric, we can forecast that Amazon’s market value will reach $2.35 trillion. This is the result of dividing $23.5 billion by 0.01 (i.e., $23.5b / 1.0% = $2.35 trillion).This $2.35 trillion target market value is 43.73% higher than Amazon’s existing market value of $1.635 trillion.That implies that AMZN stock is worth 43.73% more than its price today of $3,224.28. That puts its target value at $4,634.26 per share.Here is the good thing about this. Even if it takes 2 years for the stock to rise 43.73% to this price, the average annual return will be about 20% annually (19.9%).So, investing in AMZN stock should provide at least a 20% average return over the next 2 years, and possibly much more. That is a very good return on investment for most investors, especially over the long-term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}