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02-14

Its a normal pullback. Market has been running hot for 5 straight weeks with added AI frenzy. This had to stop.

2022-08-16

With the passage of the Inflation Reduction Act by Congress, and its forthcoming signing into law by the president, the federal government is set to provide around $369 billion to speed up the adoption of fossil fuel alternatives. Yet while shares have moved higher in response to this development, further long-term upside may remain.

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2022-11-09

Nice

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2022-11-28

Thanks

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2022-11-18

Good news... at last!

Sorry, the original content has been removed

2021-09-14

Very well!!

S&P 500 snaps losing streak with tax hikes, inflation data on horizon

2022-10-11

Amen!

Sorry, the original content has been removed

2022-11-29

Awesome!!

Stock Market Could See "Fireworks" Through the End of the Year As Headwinds Have "Flipped"

2021-09-22

$Helbiz, Inc.(HLBZ)$tigerrrrr!!

2021-09-17

Go go go!!!

PLTR Stock Pushes Higher on Connected Vehicle Partnership

2021-09-16

Good move!

U.S. officials to hold semiconductor supply chain meeting

2022-11-25

Too bad!!

Tesla: The Bubble Is Popping

2021-09-13

$Allied Healthcare(AHPI)$going up anytime now!!

02-14

Its a normal pullback. Market has been running hot for 5 straight weeks with added AI frenzy. This had to stop.

2022-11-09

I see

Amazon: Buying Opportunity In The Making

2021-09-20

Nice

Sorry, the original content has been removed

2021-09-17

$F45 Training Holdings Inc.(FXLV)$go go go!

2021-09-15

Missed the Ipo!

Siemens-backed Thoughtworks spikes 24% on its first day of trading

Go to Tiger App to see more news

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This had to stop.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/273874901266720","isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967918079,"gmtCreate":1670247722991,"gmtModify":1676538328652,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Awesome!","listText":"Awesome!","text":"Awesome!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9967918079","repostId":"2289139773","repostType":2,"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967911873,"gmtCreate":1670247603593,"gmtModify":1676538328622,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Vgood!","listText":"Vgood!","text":"Vgood!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9967911873","repostId":"2288602852","repostType":2,"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962076409,"gmtCreate":1669685588701,"gmtModify":1676538222898,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Awesome!!","listText":"Awesome!!","text":"Awesome!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9962076409","repostId":"1111834536","repostType":4,"repost":{"id":"1111834536","pubTimestamp":1669679651,"share":"https://www.laohu8.com/m/news/1111834536?lang=&edition=full","pubTime":"2022-11-29 07:54","market":"us","language":"en","title":"Stock Market Could See \"Fireworks\" Through the End of the Year As Headwinds Have \"Flipped\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1111834536","media":"MarketWatch","summary":"Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the sta","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/fcc42907fa20f90911cf6550a03be011\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee, head of research at Fundstrat Global Advisors.</p><p>“The Thanksgiving holiday has ended and now markets are entering the final key weeks of 2022,” said Lee, head of research at Fundstrat, in a note Monday. “While many may be tempted to ‘close the books’ for the year, we think the final 5 weeks will be ‘fireworks.’”</p><p>In Lee’s view, 11 headwinds that this year helped drive the S&amp;P 500 index to a 2022 low in October, including surging oil prices and the Federal Reserve’s hurry to lift interest rates higher to battle soaring inflation, “have all flipped.” On Monday morning, U.S. oil was trading at the lowest price of 2022 amid protests in China over the country’s strict rules aimed at curbing the spread of COVID-19, restrictions that investors fear will hurt consumption and economic growth.</p><p>Lee said he saw the easing of inflation in October, as measured by the consumer price index, as a “game changer” for markets, with the case for “a sustainable rally in equities” being the strongest that it’s been so far this year. Here are the 2022 headwinds that Lee sees becoming tailwinds.</p><p><img src=\"https://static.tigerbbs.com/c29b9d2a4ebedf7f9405f7f2b75e4b25\" tg-width=\"700\" tg-height=\"354\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Lee said that softer inflation seen in October appears “repeatable” and that the easing of price pressures should be “sufficient” for the Fed to slow its rapid pace of rate hikes, with December potentially being the last increase. Also, “if inflation is ‘as bad as 1980s’ I would have thought midterms would have been an incumbent massacre,” Lee said of the recent U.S. elections.</p><p>He said that other recent signals point to “a far different path forward for markets,” including “collapsing” volatility in the bond market and a relatively large decline in the U.S. dollar.  Lee pointed to the plunge in the CBOE 20+ Year Treasury Bond ETF Volatility Index, saying he anticipated that a further decline would support the S&amp;P 500 soaring to 4,400 to 4,500 by year-end.</p><p>The S&amp;P 500 ended Friday down 15.5% for the year, but up more than 12% from its 2022 closing low on Oct. 12, according to Dow Jones Market Data.</p><p>U.S. stocks traded lower on Monday, with the S&amp;P 500 SPX, -1.54% down 0.8% at around 3,995, according to FactSet data. In the bond market, 10-year Treasury yields TMUBMUSD10Y, 3.684% were flat at 3.69% around midday Monday, while two-year yields TMUBMUSD02Y, 4.442% fell about five basis points to 4.43%.</p><p>U.S. yields have recently seen a “massive decline ranking in the bottom 1% largest downside moves in the past 50-years,” said Lee. The odds are rising that 10-year and 2-year yields may be past their peaks, potentially supporting an expansion in price-to-earnings multiples in stocks, according to his note.</p><p>“Skeptics will say “growth is the problem now” and point to downside” in the S&amp;P 500’s earnings per share, or EPS, said Lee.  But the index historically has “bottomed 11-12 months before EPS troughs,” he said. “So EPS is lagging.”</p></body></html>","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>Stock Market Could See \"Fireworks\" Through the End of the Year As Headwinds Have \"Flipped\"</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\">\nStock Market Could See \"Fireworks\" Through the End of the Year As Headwinds Have \"Flipped\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-29 07:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-could-see-fireworks-through-the-end-of-the-year-as-headwinds-have-flipped-fundstrats-tom-lee-says-11669656362?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee, head of research at ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-could-see-fireworks-through-the-end-of-the-year-as-headwinds-have-flipped-fundstrats-tom-lee-says-11669656362?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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/stock-market-could-see-fireworks-through-the-end-of-the-year-as-headwinds-have-flipped-fundstrats-tom-lee-says-11669656362?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111834536","content_text":"Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee, head of research at Fundstrat Global Advisors.“The Thanksgiving holiday has ended and now markets are entering the final key weeks of 2022,” said Lee, head of research at Fundstrat, in a note Monday. “While many may be tempted to ‘close the books’ for the year, we think the final 5 weeks will be ‘fireworks.’”In Lee’s view, 11 headwinds that this year helped drive the S&P 500 index to a 2022 low in October, including surging oil prices and the Federal Reserve’s hurry to lift interest rates higher to battle soaring inflation, “have all flipped.” On Monday morning, U.S. oil was trading at the lowest price of 2022 amid protests in China over the country’s strict rules aimed at curbing the spread of COVID-19, restrictions that investors fear will hurt consumption and economic growth.Lee said he saw the easing of inflation in October, as measured by the consumer price index, as a “game changer” for markets, with the case for “a sustainable rally in equities” being the strongest that it’s been so far this year. Here are the 2022 headwinds that Lee sees becoming tailwinds.Lee said that softer inflation seen in October appears “repeatable” and that the easing of price pressures should be “sufficient” for the Fed to slow its rapid pace of rate hikes, with December potentially being the last increase. Also, “if inflation is ‘as bad as 1980s’ I would have thought midterms would have been an incumbent massacre,” Lee said of the recent U.S. elections.He said that other recent signals point to “a far different path forward for markets,” including “collapsing” volatility in the bond market and a relatively large decline in the U.S. dollar.  Lee pointed to the plunge in the CBOE 20+ Year Treasury Bond ETF Volatility Index, saying he anticipated that a further decline would support the S&P 500 soaring to 4,400 to 4,500 by year-end.The S&P 500 ended Friday down 15.5% for the year, but up more than 12% from its 2022 closing low on Oct. 12, according to Dow Jones Market Data.U.S. stocks traded lower on Monday, with the S&P 500 SPX, -1.54% down 0.8% at around 3,995, according to FactSet data. In the bond market, 10-year Treasury yields TMUBMUSD10Y, 3.684% were flat at 3.69% around midday Monday, while two-year yields TMUBMUSD02Y, 4.442% fell about five basis points to 4.43%.U.S. yields have recently seen a “massive decline ranking in the bottom 1% largest downside moves in the past 50-years,” said Lee. The odds are rising that 10-year and 2-year yields may be past their peaks, potentially supporting an expansion in price-to-earnings multiples in stocks, according to his note.“Skeptics will say “growth is the problem now” and point to downside” in the S&P 500’s earnings per share, or EPS, said Lee.  But the index historically has “bottomed 11-12 months before EPS troughs,” he said. “So EPS is lagging.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966705625,"gmtCreate":1669635238367,"gmtModify":1676538216490,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966705625","repostId":"1137126678","repostType":4,"repost":{"id":"1137126678","pubTimestamp":1669650249,"share":"https://www.laohu8.com/m/news/1137126678?lang=&edition=full","pubTime":"2022-11-28 23:44","market":"us","language":"en","title":"The Road To 4300+ For S&P Has Some Bumps Ahead, Get Ready","url":"https://stock-news.laohu8.com/highlight/detail?id=1137126678","media":"Seeking Alpha","summary":"SummaryIf we can navigate these obstacles, we should end the year strongly positive. It all comes do","content":"<html><head></head><body><p>Summary</p><ul><li>If we can navigate these obstacles, we should end the year strongly positive. It all comes down once again to inflation receding. The big unknown is the potential Railroad strike.</li><li>December 1 PCE, Market Participants are going to lower inflation news.</li><li>December 2 Employment numbers for the month of November.</li><li>December 9 Railroad strike looming and chances are decent it could happen.</li><li>December 13 CPI, Depending on how the PCE performs, the expectation is that the data will be favorable. December 14 FOMC rate rise of .50% is expected. If all goes well, we should have a strong year-end rally.</li></ul><h3>First hurdle; The PCE - has to show lower inflation</h3><p>As I write my weekly analysis, the futures late Sunday night down with the SPX down .62% and the NDX down .81%. The 10-year treasury has fallen the steepest since 2020. One can interpret this data as somewhat alarming, however with the unrest in China, one can discount at least some of the negativity influenced by Asian traders. WTI has also fallen to a yearly low at about $74 per barrel. I would note that last week started similarly and the indexes ended up to positive later in the week. I suspect a similar start to this week, but that doesn&#39;t mean I expect smooth sailing for the first half of December.</p><p>There are a number of hurdles for stock market participants to navigate. The first hurdle is Thursday’s economic data reveal PCE - Personal Consumption Expenditure for October. This is reputed to be the favorite measure of inflation for the Fed; however, the data is nearly 2 months old. Odds are, or at least I would assume that market participants expect the numbers would follow the previous CPI reveal and show inflation growth slowing.</p><p>Another reason I expect the week to start out positively in spite of the negative futures right now. Probably Wednesday could see some selling going into Thursday’s reveal. What if the PCE does not show improvement or even acceleration in inflation, I suspect that the selling would be muted specifically because the number is old. If pressed I would say the likelihood of the PCE coming in and showing improvement is about 65/35. I have no quantitative formula to back up that assertion just that with so much higher frequency data pointing to lower inflation that the PCE should be reflecting that even back to October.</p><h3>Second Hurdle; November employment and the unemployment rate</h3><p>The November employment number and percentage of unemployment could disappoint the orthodoxy of the Fed. The Fed believes higher employment means higher inflation. We know that inflation is a monetary phenomenon, with too much money chasing fewer goods and services. Higher employment means that more goods and services are being produced. Raising interest rates is in fact lowering consumption, and causing layoffs, though not because business is bad but because of fear that business will be bad. Right now most of the layoffs are centered in the tech sector. Strangely this will actually release more productivity not less.</p><p>We have seen that these successful tech companies where the market only cared about revenue growth now want to see profits. Against that background is the notion that companies like <a href=\"https://laohu8.com/S/META\">Meta Platforms </a>, and <a href=\"https://laohu8.com/S/AMZN\">Amazon </a> were hoarding technology talent. So what is going to happen is that these companies will produce the same services with fewer people. The excess technology workers are going to go to other smaller firms that are desperate for tech talent. This will perturb the Fed, thinking that only having workers become idle will lower consumption and inflation. I think that perhaps the unemployment rate might tick up to 3.8% or may not move at all.</p><p>Raising rates in my view to perhaps 4.50% makes for a more rational distribution of investment. So I don’t object to raising rates at all. I just think that pushing rates higher to destroy jobs will not suppress inflation directly. I am optimistic that the Fed is going to level off on rate rises, and wait for the economy to adjust to what really is the level it should have been at all along somewhere at the 4.5% level or thereabouts. I know that this is below the current expected FFR of +5%, but I don’t think it will need to get there. In any case, a high employment number and perhaps an unemployment percentage that may hold 3.7%, could cause tongues wagging about the Fed needing to raise another .75% and not the .50% that is expected.</p><p>Once again, I think market participants will get over this scenario. Why? I believe the seasonal pattern will assert itself, we are in fact coming to the Santa Claus Rally. I believe corporate stock buybacks are being doled out before year-end. Also interestingly “Insider Selling” is falling, meaning that the people who know their companies best have determined that their stocks are too cheap to sell right now. That’s good enough for me.</p><h3>Hurdle three; An impending railroad strike</h3><p>This hurdle is one that I can’t blithely brush off. Most market participants are only just now learning about the possibility of the first national strike in decades. This is going to cost the economy $2B per day, I believe freight trains account for 40% of products being moved each day. Nearly every manufacturing process needs what railway freight provides. We are also talking about supplies as well as consumables that we need every day. There aren’t enough trucks to take up the slack either.</p><p>The following Monday, December 5th will open up more discussion about the downside of what a railroad strike could do. This is a long-simmering dispute between the railroad companies and the unions. As it stands right now 4 unions have rejected the deal that was being negotiated, the other 8 unions will not cross the picket line. The only recourse is an act of congress to force them back to work. I am not totally assured that will happen as quickly as we need it to. I am hoping that someone blinks and the strike will be avoided. As we all know hope is not a strategy. Our subscription service Dual Mind Research has prepared our community by building up cash and putting on hedges in order to prepare. We are also moving back into the Oil and Gas names, that is because if there is a strike, that means coal will not be delivered to coal power plants, pushing up the price of natural gas.</p><p>I hope that cooler heads prevail and the strike will be averted. Just in case, we prepared for the worst and celebrate the best if we can avoid this disruptive strike.</p><h3>Hurdles four and five, then we have a clean shot to 4300</h3><p>If the strike can be averted or it ends up being shortened due to legislative action, we have a clear shot at a powerful year-end rally. My assumption is that the CPI reveal on December 13 will once again show a deceleration of inflation growth. Then December 14 is the Fed Open Market Committee announced a rate rise of .50%. This will give great relief to market participants. A strong rally is possible as evidence of inflation rolling over mounts. I suspect that by year-end there will be less talk about a terminal rate of 5%.</p><h3>So how are we going to confront these hurdles?</h3><p>We use Oil and Gas frackers as a form of hedging. I expect as I said that losing coal as a fuel source both for export and domestic power production will boost the prices of Natural Gas, and Fuel Oil to take up the slack. We also set up some options that benefit as the VIX rises. It has been my observation that whenever the VIX falls below 21, it tends to reverse direction and starts to rise. I also have some puts on AAPL. I know that WTI is falling to the lowest level since 2021. I am clearly favoring the opposite result.</p><p>China is the biggest consumer of oil in the world. However on the other hand Europe is banning Russian oil next week. I think it will all balance out. In fact, oil-related equities are outperforming the price of WTI by a large margin. I will try my best to trade around the various hurdles. If the futures do end up pressuring stocks, I will look to close out at least some of my hedging. I won’t be averse to doing some fast money trades if the situation presents itself. I will look to put hedges back on going into the week of the 5th as the Railroad strike looms. I hope that for all our sakes the strike can be averted. If not, I will be hedged up as much as I can without overleveraging against the downside. If we can navigate around the strike, I think reaching above 4300 on the S&amp;P 500 is quite possible. Not only do I have put options, I also have triple inverse ETFs that I can close out in premarket trading giving me further flexibility in managing my risk. Also having a nice slug of cash to pick up shares on the cheap as the situation presents itself.</p><p>Perhaps I am sounding more bearish than usual. It is only because there is a huge unknown here. Perhaps, I am misreading the situation and there is an easy solution that I am not aware of, but a nationwide strike, the first one in decades just has too many unknowns. If we can get beyond that then we can start thinking of a bull market rally. The more inflation recedes the more valuable stock becomes, they can gain back higher PE levels in anticipation of the higher future value of future profits. If you haven’t hedged, or put aside cash, I still believe the indexes will turn around tomorrow giving you the opportunity to put on hedges and add that cash. Just please don’t go to extremes. I am not 50% cash right now or anything close to that. Use your best judgment, look at each of your positions and ask yourself if the stocks you have are going to be higher in 6 months. They likely will just remember that insiders are selling less of their company’s stocks. They are telling us that stocks are well-priced.</p><p>Good luck everyone!</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>The Road To 4300+ For S&P Has Some Bumps Ahead, Get Ready</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 Road To 4300+ For S&P Has Some Bumps Ahead, Get Ready\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 23:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560759-road-to-4300-plus-s-p-some-bumps-ahead-get-ready><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIf we can navigate these obstacles, we should end the year strongly positive. It all comes down once again to inflation receding. The big unknown is the potential Railroad strike.December 1 PCE...</p>\n\n<a href=\"https://seekingalpha.com/article/4560759-road-to-4300-plus-s-p-some-bumps-ahead-get-ready\">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"},"source_url":"https://seekingalpha.com/article/4560759-road-to-4300-plus-s-p-some-bumps-ahead-get-ready","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137126678","content_text":"SummaryIf we can navigate these obstacles, we should end the year strongly positive. It all comes down once again to inflation receding. The big unknown is the potential Railroad strike.December 1 PCE, Market Participants are going to lower inflation news.December 2 Employment numbers for the month of November.December 9 Railroad strike looming and chances are decent it could happen.December 13 CPI, Depending on how the PCE performs, the expectation is that the data will be favorable. December 14 FOMC rate rise of .50% is expected. If all goes well, we should have a strong year-end rally.First hurdle; The PCE - has to show lower inflationAs I write my weekly analysis, the futures late Sunday night down with the SPX down .62% and the NDX down .81%. The 10-year treasury has fallen the steepest since 2020. One can interpret this data as somewhat alarming, however with the unrest in China, one can discount at least some of the negativity influenced by Asian traders. WTI has also fallen to a yearly low at about $74 per barrel. I would note that last week started similarly and the indexes ended up to positive later in the week. I suspect a similar start to this week, but that doesn't mean I expect smooth sailing for the first half of December.There are a number of hurdles for stock market participants to navigate. The first hurdle is Thursday’s economic data reveal PCE - Personal Consumption Expenditure for October. This is reputed to be the favorite measure of inflation for the Fed; however, the data is nearly 2 months old. Odds are, or at least I would assume that market participants expect the numbers would follow the previous CPI reveal and show inflation growth slowing.Another reason I expect the week to start out positively in spite of the negative futures right now. Probably Wednesday could see some selling going into Thursday’s reveal. What if the PCE does not show improvement or even acceleration in inflation, I suspect that the selling would be muted specifically because the number is old. If pressed I would say the likelihood of the PCE coming in and showing improvement is about 65/35. I have no quantitative formula to back up that assertion just that with so much higher frequency data pointing to lower inflation that the PCE should be reflecting that even back to October.Second Hurdle; November employment and the unemployment rateThe November employment number and percentage of unemployment could disappoint the orthodoxy of the Fed. The Fed believes higher employment means higher inflation. We know that inflation is a monetary phenomenon, with too much money chasing fewer goods and services. Higher employment means that more goods and services are being produced. Raising interest rates is in fact lowering consumption, and causing layoffs, though not because business is bad but because of fear that business will be bad. Right now most of the layoffs are centered in the tech sector. Strangely this will actually release more productivity not less.We have seen that these successful tech companies where the market only cared about revenue growth now want to see profits. Against that background is the notion that companies like Meta Platforms , and Amazon  were hoarding technology talent. So what is going to happen is that these companies will produce the same services with fewer people. The excess technology workers are going to go to other smaller firms that are desperate for tech talent. This will perturb the Fed, thinking that only having workers become idle will lower consumption and inflation. I think that perhaps the unemployment rate might tick up to 3.8% or may not move at all.Raising rates in my view to perhaps 4.50% makes for a more rational distribution of investment. So I don’t object to raising rates at all. I just think that pushing rates higher to destroy jobs will not suppress inflation directly. I am optimistic that the Fed is going to level off on rate rises, and wait for the economy to adjust to what really is the level it should have been at all along somewhere at the 4.5% level or thereabouts. I know that this is below the current expected FFR of +5%, but I don’t think it will need to get there. In any case, a high employment number and perhaps an unemployment percentage that may hold 3.7%, could cause tongues wagging about the Fed needing to raise another .75% and not the .50% that is expected.Once again, I think market participants will get over this scenario. Why? I believe the seasonal pattern will assert itself, we are in fact coming to the Santa Claus Rally. I believe corporate stock buybacks are being doled out before year-end. Also interestingly “Insider Selling” is falling, meaning that the people who know their companies best have determined that their stocks are too cheap to sell right now. That’s good enough for me.Hurdle three; An impending railroad strikeThis hurdle is one that I can’t blithely brush off. Most market participants are only just now learning about the possibility of the first national strike in decades. This is going to cost the economy $2B per day, I believe freight trains account for 40% of products being moved each day. Nearly every manufacturing process needs what railway freight provides. We are also talking about supplies as well as consumables that we need every day. There aren’t enough trucks to take up the slack either.The following Monday, December 5th will open up more discussion about the downside of what a railroad strike could do. This is a long-simmering dispute between the railroad companies and the unions. As it stands right now 4 unions have rejected the deal that was being negotiated, the other 8 unions will not cross the picket line. The only recourse is an act of congress to force them back to work. I am not totally assured that will happen as quickly as we need it to. I am hoping that someone blinks and the strike will be avoided. As we all know hope is not a strategy. Our subscription service Dual Mind Research has prepared our community by building up cash and putting on hedges in order to prepare. We are also moving back into the Oil and Gas names, that is because if there is a strike, that means coal will not be delivered to coal power plants, pushing up the price of natural gas.I hope that cooler heads prevail and the strike will be averted. Just in case, we prepared for the worst and celebrate the best if we can avoid this disruptive strike.Hurdles four and five, then we have a clean shot to 4300If the strike can be averted or it ends up being shortened due to legislative action, we have a clear shot at a powerful year-end rally. My assumption is that the CPI reveal on December 13 will once again show a deceleration of inflation growth. Then December 14 is the Fed Open Market Committee announced a rate rise of .50%. This will give great relief to market participants. A strong rally is possible as evidence of inflation rolling over mounts. I suspect that by year-end there will be less talk about a terminal rate of 5%.So how are we going to confront these hurdles?We use Oil and Gas frackers as a form of hedging. I expect as I said that losing coal as a fuel source both for export and domestic power production will boost the prices of Natural Gas, and Fuel Oil to take up the slack. We also set up some options that benefit as the VIX rises. It has been my observation that whenever the VIX falls below 21, it tends to reverse direction and starts to rise. I also have some puts on AAPL. I know that WTI is falling to the lowest level since 2021. I am clearly favoring the opposite result.China is the biggest consumer of oil in the world. However on the other hand Europe is banning Russian oil next week. I think it will all balance out. In fact, oil-related equities are outperforming the price of WTI by a large margin. I will try my best to trade around the various hurdles. If the futures do end up pressuring stocks, I will look to close out at least some of my hedging. I won’t be averse to doing some fast money trades if the situation presents itself. I will look to put hedges back on going into the week of the 5th as the Railroad strike looms. I hope that for all our sakes the strike can be averted. If not, I will be hedged up as much as I can without overleveraging against the downside. If we can navigate around the strike, I think reaching above 4300 on the S&P 500 is quite possible. Not only do I have put options, I also have triple inverse ETFs that I can close out in premarket trading giving me further flexibility in managing my risk. Also having a nice slug of cash to pick up shares on the cheap as the situation presents itself.Perhaps I am sounding more bearish than usual. It is only because there is a huge unknown here. Perhaps, I am misreading the situation and there is an easy solution that I am not aware of, but a nationwide strike, the first one in decades just has too many unknowns. If we can get beyond that then we can start thinking of a bull market rally. The more inflation recedes the more valuable stock becomes, they can gain back higher PE levels in anticipation of the higher future value of future profits. If you haven’t hedged, or put aside cash, I still believe the indexes will turn around tomorrow giving you the opportunity to put on hedges and add that cash. Just please don’t go to extremes. I am not 50% cash right now or anything close to that. Use your best judgment, look at each of your positions and ask yourself if the stocks you have are going to be higher in 6 months. They likely will just remember that insiders are selling less of their company’s stocks. They are telling us that stocks are well-priced.Good luck everyone!","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966041975,"gmtCreate":1669357788298,"gmtModify":1676538188521,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Too bad!!","listText":"Too bad!!","text":"Too bad!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966041975","repostId":"1102414813","repostType":4,"repost":{"id":"1102414813","pubTimestamp":1669338003,"share":"https://www.laohu8.com/m/news/1102414813?lang=&edition=full","pubTime":"2022-11-25 09:00","market":"us","language":"en","title":"Tesla: The Bubble Is Popping","url":"https://stock-news.laohu8.com/highlight/detail?id=1102414813","media":"Seeking Alpha","summary":"SummaryTesla has seen its shares underperform widely in 2022 so far.The company faces a wide range of issues, including declining prices, slowing demand, and so on.Tesla is still not cheap despite the","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla has seen its shares underperform widely in 2022 so far.</li><li>The company faces a wide range of issues, including declining prices, slowing demand, and so on.</li><li>Tesla is still not cheap despite the hefty pullback in 2022. Shares could fall further.</li></ul><p><b>Article Thesis</b></p><p>Tesla (NASDAQ: TSLA) is one of the companies that benefitted the most from ultra-low interest rates and that saw its market capitalization expand massively during the pandemic-impacted years 2020 and 2021. Things are changing, however, and Tesla has vastly underperformed the market so far this year. A multitude of issues hurts Tesla&#39;s near-term and longer-term outlook, and since shares are not cheap despite the share price drop this year, there is further downside potential.</p><p><b>Tesla Is Facing Many Issues</b></p><p>Let&#39;s start with something positive: Tesla is a leading EV player that will generate compelling business growth this year and that operates with above-average margins. That&#39;s a pretty strong result for a company that has not been around for many decades.</p><p>That being said, Tesla is facing a range of headwinds in the coming quarters and years, some of them company-specific, while others are driven by an adverse macro environment. Let&#39;s take a look at some of the key issues that could be a problem for Tesla going forward:</p><p><b>Pricing And Demand Problems In China</b></p><p>China is, by far, the most important country for Tesla, both when it comes to production and when it comes to sales. Tesla&#39;s factory in China is its most profitable one, making Tesla&#39;s China business integral to the company as a whole. In China, Tesla is seemingly facing considerable headwinds.</p><p>The company has been lowering prices repeatedly over the last couple of months, and yet, demand has not been as strong as Tesla hoped it would be, some reports suggest. See, for example, the following excerpt from a report from Seeking Alpha:</p><p><img src=\"https://static.tigerbbs.com/6b28c18f93d3e288dcab7d0fb0d75c67\" tg-width=\"598\" tg-height=\"130\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Ideally, investors want to invest in companies with pricing power, where customers are buying up products even as prices increase. Think, for example, Apple&#39;s (AAPL) ability to sell more and more iPhones despite rising prices. Tesla has lowered the price of its vehicles in China repeatedly, and yet it looks like demand is waning. After all, there&#39;s a wide range of reports that show that delivery times of Tesla&#39;s vehicles are declining. This, in turn, suggests that Tesla&#39;s backlog is shrinking, i.e. fewer new orders are coming in relative to the vehicles Tesla produces.</p><p>The combination of declining delivery times and declining prices suggests trouble for Tesla in its most important market. Either, the company will have to lower prices further in order to revive demand, which would put even more pressure on margins, or Tesla could face a situation where it cannot fill capacity, as there aren&#39;t enough orders once Tesla has worked through its backlog. Both situations suggest that profitability in Tesla&#39;s most important market could come under pressure in the coming quarters.</p><p><b>Reliance On China</b></p><p>There&#39;s also another China-specific risk. Apart from China-based equities, which are oftentimes priced for disaster today, Tesla could be one of the most exposed companies to this macro risk. It relies heavily on China for manufacturing, it relies heavily on China for sales, as China is the largest EV market in the world, and due to China&#39;s dominance when it comes to battery production and all kinds of materials, Tesla also relies heavily on China for supplies. It seems possible that investors will increasingly factor this into their investment decisions, which could result in share price headwinds for Tesla.</p><p><b>Growing Competition</b></p><p>Another risk factor for Tesla is rising competition. It&#39;s true that competition has been a bear argument for years, but it increasingly looks like this is now, in fact, becoming a problem. Not only has Tesla lost the advantage in the highly important electric truck business, as its Cybertruck is still not available while competitors Ford (F) and Rivian (RIVN) are successfully selling their electric pickups, but Tesla is also at risk of losing its leadership position in the EV space, overall. BYD (OTCPK: BYDDY)(OTCPK: BYDDF) has emerged as an extremely capable, fast-growing EV player that could sell more EVs next year, even when we do not count plug-in hybrids. In October, BYDsold103,000 pure EVs (220,000 including PHEVs), with a growth rate of 150% year over year. That annualizes at more than 1.2 million, with a growth rate that is way higher than the growth rate Tesla has achieved in the recent past. If these trends continue, BYD will easily become the leader in the global EV space by volume, which could put pressure on Tesla&#39;s margins (as BYD could lower market-wide prices thanks to better scale), and which could also result in less interest in Tesla by investors.</p><p>Add other emerging competitors both on the high end, such as Lucid (LCID), and in the value segment (e.g. XPeng (XPEV)), and the picture could be getting worse for Tesla.</p><p><b>Musk&#39;s Behavior</b></p><p>Elon Musk, Tesla&#39;s CEO, is a controversial person. He has many fans, but he also has many critics. And recent things he did could have a negative impact on Tesla&#39;s future performance, I believe.</p><p>First, his actions as the new owner of Twitter did not make everyone happy. Some reacted very negatively to the changes he brought -- it&#39;s possible that this will make some people reconsider buying another EV from Tesla. His suggestions for a peace plan in Ukraine also resulted in some negative PR, which could further reduce the number of people willing to buy from his companies. These controversial actions also could result in more scrutiny by regulators.</p><p>Second, he is now very occupied with Twitter, which will arguably mean that he has less time guiding Tesla. When his time is diverted across many different projects, that could negatively influence the decisions he makes, which could hurt Tesla in the long run.</p><p>Last but not least, Musk continues to sell parts of his stake in Tesla -- despite the fact that hestated that he was &#34;almost done selling&#34; one year ago. Ongoing selling by the most important insider could hurt sentiment further -- that has already been visible in some statements, comments, etc. from investors, and if Musk continues to sell shares, that will likely accelerate.</p><p>So while Elon Musk surely had a large positive impact on Tesla&#39;s performance in the past, Elon Musk&#39;s importance as a Tesla insider also poses a risk for investors that shouldn&#39;t be neglected.</p><p><b>The Macro Environment Is Far From Great</b></p><p>Another problem for Tesla is that the macro environment in many parts of the world isn&#39;t great. Lockdowns in China hurt demand and consumer sentiment, while an energy crisis in Europe and record-high inflation will hurt consumers&#39; ability to buy high-priced vehicles. In the US, inflation remains well above the norm as well, pressuring real disposable income:</p><p><img src=\"https://static.tigerbbs.com/788b74c5822453891b0d2ebda7d1387e\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>With consumers being under pressure, their ability and willingness to buy high-end vehicles will likely shrink. Add rising interest rates, and financing a new vehicle becomes even less attractive. With many people expecting a recession in the US in 2023, it is likely that Tesla and other automobile companies will feel headwinds from an adverse macro environment.</p><p><b>Tesla: A Cheap Money Bubble Stock</b></p><p>Over the last couple of years, and especially in 2020 and 2021, money was ultra-cheap. With interest rates at a very low level, and with investors being interested in ESG themes, higher-growth story stocks such as Tesla saw their valuations expand massively:</p><p><img src=\"https://static.tigerbbs.com/e921162860df808f7e3ecd1edbc10886\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Between early 2017 and early 2022, Tesla saw its revenue grow by an attractive 670%. Its market capitalization, however, expanded by more than 3,000% -- there clearly was a big disconnect between Tesla&#39;s underlying performance and the way the market valued the company. As we can see in the above chart, that was mainly due to the massive share price gains in 2020 and 2021 -- before that, Tesla&#39;s revenue had outperformed its market capitalization gains.</p><p>When seemingly endless sums of money are flowing into a stock despite the fact that the underlying performance is lagging far behind, that poses the risk of creating a bubble. Similar issues were visible in other EV stocks at the time, but Tesla has, by far, been the EV stock with the highest market cap, thus the problem was especially noteworthy here. At the peak, Tesla was trading with a market capitalization north of $1.2 trillion, which was an outrageously high company value not too long ago. Even today, only a small number of companies are trading with a market capitalization this high.</p><p>So far this year, Tesla has declined by close to 60%, destroying hundreds of billions of dollars in value. Those that bought Tesla early on are still easily in positive territory, but for those that bought over the last two years or so, Tesla has been far from a success story -- despite the fact that the company continued to grow its revenue and profit. This reminds me of the performance of Cisco (CSCO) and Microsoft (MSFT) following the bursting of the dot.com bubble -- these companies continued to execute well and grew for many years, but the fact that prices were inflated too much during the bubble still resulted in negative price returns for many years.</p><p><b>Shares Have Gotten Cheaper But Aren&#39;t Cheap</b></p><p>With Tesla trading down almost 60% relative to where shares traded at the beginning of the year, TSLA stock has become a lot cheaper. But that doesn&#39;t mean that Tesla is cheap. Tesla still trades at more than 40x forward net profits, and those estimates could see further downward revisions going forward -- estimates were reduced slightly over the last three months, and more of that could be coming, e.g. due to the negative news from China.</p><p>Many other EV companies are trading at way lower price to sales multiples, which are generally around 2 for NIO (NIO), XPeng, Li Auto (LI), versus a sales multiple of more than 6 for Tesla. BYD, Tesla&#39;s biggest and fastest-growing peer, is trading at just 2x this year&#39;s revenue, too, while growing much faster than Tesla.</p><p>So while Tesla&#39;s downside potential is now more limited than one year ago, it is far from guaranteed that Tesla&#39;s shares will bottom soon. Shares could easily fall further, I believe, especially if earnings estimates start to decline more meaningfully or if other additional negative news emerges.</p><p><b>Takeaway</b></p><p>Buying into stocks that are rising can feel good, but it can also be dangerous. Those that chased Tesla during the COVID bubble have paid a steep price already, as Tesla is down almost 60% so far this year.</p><p>With a wide range of problems, headwinds, and risk factors, Tesla could see its shares decline further, however. Once the bubble has popped, there is no guarantee that a bottom will be reached in a short period of time.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The Bubble Is Popping</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: The Bubble Is Popping\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-25 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560023-tesla-the-bubble-is-popping><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla has seen its shares underperform widely in 2022 so far.The company faces a wide range of issues, including declining prices, slowing demand, and so on.Tesla is still not cheap despite the...</p>\n\n<a href=\"https://seekingalpha.com/article/4560023-tesla-the-bubble-is-popping\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4560023-tesla-the-bubble-is-popping","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102414813","content_text":"SummaryTesla has seen its shares underperform widely in 2022 so far.The company faces a wide range of issues, including declining prices, slowing demand, and so on.Tesla is still not cheap despite the hefty pullback in 2022. Shares could fall further.Article ThesisTesla (NASDAQ: TSLA) is one of the companies that benefitted the most from ultra-low interest rates and that saw its market capitalization expand massively during the pandemic-impacted years 2020 and 2021. Things are changing, however, and Tesla has vastly underperformed the market so far this year. A multitude of issues hurts Tesla's near-term and longer-term outlook, and since shares are not cheap despite the share price drop this year, there is further downside potential.Tesla Is Facing Many IssuesLet's start with something positive: Tesla is a leading EV player that will generate compelling business growth this year and that operates with above-average margins. That's a pretty strong result for a company that has not been around for many decades.That being said, Tesla is facing a range of headwinds in the coming quarters and years, some of them company-specific, while others are driven by an adverse macro environment. Let's take a look at some of the key issues that could be a problem for Tesla going forward:Pricing And Demand Problems In ChinaChina is, by far, the most important country for Tesla, both when it comes to production and when it comes to sales. Tesla's factory in China is its most profitable one, making Tesla's China business integral to the company as a whole. In China, Tesla is seemingly facing considerable headwinds.The company has been lowering prices repeatedly over the last couple of months, and yet, demand has not been as strong as Tesla hoped it would be, some reports suggest. See, for example, the following excerpt from a report from Seeking Alpha:Seeking AlphaIdeally, investors want to invest in companies with pricing power, where customers are buying up products even as prices increase. Think, for example, Apple's (AAPL) ability to sell more and more iPhones despite rising prices. Tesla has lowered the price of its vehicles in China repeatedly, and yet it looks like demand is waning. After all, there's a wide range of reports that show that delivery times of Tesla's vehicles are declining. This, in turn, suggests that Tesla's backlog is shrinking, i.e. fewer new orders are coming in relative to the vehicles Tesla produces.The combination of declining delivery times and declining prices suggests trouble for Tesla in its most important market. Either, the company will have to lower prices further in order to revive demand, which would put even more pressure on margins, or Tesla could face a situation where it cannot fill capacity, as there aren't enough orders once Tesla has worked through its backlog. Both situations suggest that profitability in Tesla's most important market could come under pressure in the coming quarters.Reliance On ChinaThere's also another China-specific risk. Apart from China-based equities, which are oftentimes priced for disaster today, Tesla could be one of the most exposed companies to this macro risk. It relies heavily on China for manufacturing, it relies heavily on China for sales, as China is the largest EV market in the world, and due to China's dominance when it comes to battery production and all kinds of materials, Tesla also relies heavily on China for supplies. It seems possible that investors will increasingly factor this into their investment decisions, which could result in share price headwinds for Tesla.Growing CompetitionAnother risk factor for Tesla is rising competition. It's true that competition has been a bear argument for years, but it increasingly looks like this is now, in fact, becoming a problem. Not only has Tesla lost the advantage in the highly important electric truck business, as its Cybertruck is still not available while competitors Ford (F) and Rivian (RIVN) are successfully selling their electric pickups, but Tesla is also at risk of losing its leadership position in the EV space, overall. BYD (OTCPK: BYDDY)(OTCPK: BYDDF) has emerged as an extremely capable, fast-growing EV player that could sell more EVs next year, even when we do not count plug-in hybrids. In October, BYDsold103,000 pure EVs (220,000 including PHEVs), with a growth rate of 150% year over year. That annualizes at more than 1.2 million, with a growth rate that is way higher than the growth rate Tesla has achieved in the recent past. If these trends continue, BYD will easily become the leader in the global EV space by volume, which could put pressure on Tesla's margins (as BYD could lower market-wide prices thanks to better scale), and which could also result in less interest in Tesla by investors.Add other emerging competitors both on the high end, such as Lucid (LCID), and in the value segment (e.g. XPeng (XPEV)), and the picture could be getting worse for Tesla.Musk's BehaviorElon Musk, Tesla's CEO, is a controversial person. He has many fans, but he also has many critics. And recent things he did could have a negative impact on Tesla's future performance, I believe.First, his actions as the new owner of Twitter did not make everyone happy. Some reacted very negatively to the changes he brought -- it's possible that this will make some people reconsider buying another EV from Tesla. His suggestions for a peace plan in Ukraine also resulted in some negative PR, which could further reduce the number of people willing to buy from his companies. These controversial actions also could result in more scrutiny by regulators.Second, he is now very occupied with Twitter, which will arguably mean that he has less time guiding Tesla. When his time is diverted across many different projects, that could negatively influence the decisions he makes, which could hurt Tesla in the long run.Last but not least, Musk continues to sell parts of his stake in Tesla -- despite the fact that hestated that he was \"almost done selling\" one year ago. Ongoing selling by the most important insider could hurt sentiment further -- that has already been visible in some statements, comments, etc. from investors, and if Musk continues to sell shares, that will likely accelerate.So while Elon Musk surely had a large positive impact on Tesla's performance in the past, Elon Musk's importance as a Tesla insider also poses a risk for investors that shouldn't be neglected.The Macro Environment Is Far From GreatAnother problem for Tesla is that the macro environment in many parts of the world isn't great. Lockdowns in China hurt demand and consumer sentiment, while an energy crisis in Europe and record-high inflation will hurt consumers' ability to buy high-priced vehicles. In the US, inflation remains well above the norm as well, pressuring real disposable income:Data by YChartsWith consumers being under pressure, their ability and willingness to buy high-end vehicles will likely shrink. Add rising interest rates, and financing a new vehicle becomes even less attractive. With many people expecting a recession in the US in 2023, it is likely that Tesla and other automobile companies will feel headwinds from an adverse macro environment.Tesla: A Cheap Money Bubble StockOver the last couple of years, and especially in 2020 and 2021, money was ultra-cheap. With interest rates at a very low level, and with investors being interested in ESG themes, higher-growth story stocks such as Tesla saw their valuations expand massively:Data by YChartsBetween early 2017 and early 2022, Tesla saw its revenue grow by an attractive 670%. Its market capitalization, however, expanded by more than 3,000% -- there clearly was a big disconnect between Tesla's underlying performance and the way the market valued the company. As we can see in the above chart, that was mainly due to the massive share price gains in 2020 and 2021 -- before that, Tesla's revenue had outperformed its market capitalization gains.When seemingly endless sums of money are flowing into a stock despite the fact that the underlying performance is lagging far behind, that poses the risk of creating a bubble. Similar issues were visible in other EV stocks at the time, but Tesla has, by far, been the EV stock with the highest market cap, thus the problem was especially noteworthy here. At the peak, Tesla was trading with a market capitalization north of $1.2 trillion, which was an outrageously high company value not too long ago. Even today, only a small number of companies are trading with a market capitalization this high.So far this year, Tesla has declined by close to 60%, destroying hundreds of billions of dollars in value. Those that bought Tesla early on are still easily in positive territory, but for those that bought over the last two years or so, Tesla has been far from a success story -- despite the fact that the company continued to grow its revenue and profit. This reminds me of the performance of Cisco (CSCO) and Microsoft (MSFT) following the bursting of the dot.com bubble -- these companies continued to execute well and grew for many years, but the fact that prices were inflated too much during the bubble still resulted in negative price returns for many years.Shares Have Gotten Cheaper But Aren't CheapWith Tesla trading down almost 60% relative to where shares traded at the beginning of the year, TSLA stock has become a lot cheaper. But that doesn't mean that Tesla is cheap. Tesla still trades at more than 40x forward net profits, and those estimates could see further downward revisions going forward -- estimates were reduced slightly over the last three months, and more of that could be coming, e.g. due to the negative news from China.Many other EV companies are trading at way lower price to sales multiples, which are generally around 2 for NIO (NIO), XPeng, Li Auto (LI), versus a sales multiple of more than 6 for Tesla. BYD, Tesla's biggest and fastest-growing peer, is trading at just 2x this year's revenue, too, while growing much faster than Tesla.So while Tesla's downside potential is now more limited than one year ago, it is far from guaranteed that Tesla's shares will bottom soon. Shares could easily fall further, I believe, especially if earnings estimates start to decline more meaningfully or if other additional negative news emerges.TakeawayBuying into stocks that are rising can feel good, but it can also be dangerous. Those that chased Tesla during the COVID bubble have paid a steep price already, as Tesla is down almost 60% so far this year.With a wide range of problems, headwinds, and risk factors, Tesla could see its shares decline further, however. Once the bubble has popped, there is no guarantee that a bottom will be reached in a short period of time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963754015,"gmtCreate":1668770708437,"gmtModify":1676538111078,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Good news... at last!","listText":"Good news... at last!","text":"Good news... at last!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9963754015","repostId":"1191206867","repostType":4,"repost":{"id":"1191206867","pubTimestamp":1668768553,"share":"https://www.laohu8.com/m/news/1191206867?lang=&edition=full","pubTime":"2022-11-18 18:49","market":"us","language":"en","title":"U.S. Stock Futures Rise With Yields as Fed Messages Digested","url":"https://stock-news.laohu8.com/highlight/detail?id=1191206867","media":"Bloomberg","summary":"European stocks rose and US index futures pointed to a stronger open on Wall Street after two days o","content":"<html><head></head><body><p>European stocks rose and US index futures pointed to a stronger open on Wall Street after two days of losses triggered by Federal Reserve signals that interest rates would continue to rise for a while yet.</p><p>Europe’s Stoxx index rose 0.8%, led by energy, banking and utilities, though shares stayed on track to snap a four-week rising streak. While the US S&amp;P 500 index is down 1% so far this week, index futures on the benchmark gained 0.3%. Nasdaq contracts also advanced, while in New York premarket trading, chip equipment maker Applied Materialsrose4.1% after issuing a forecast-topping sales forecast. A host of tech names, including Nvidia Corp., Meta Platforms Inc. and Amazon.com Inc., also gained.</p><p>The moves come a day after shares were knocked sharply lower by hawkish comments from St. Louis Fed President James Bullard, who said interest rates needed to rise at least to 5%-5.25% to curb inflation. His comments prompted markets to dial up their expectations for how high US rates might go.</p><p>The dollar retreated while Treasury yields extended their surge in the wake of Bullard’s comments. But Bullard is only the latest policymaker to warn markets that while inflation appears to be easing off multi-decade highs, policy needs to be tightened further to tame price pressures.</p><p>However, some investors said hawkish commentary did not necessarily mean rates would peak at higher levels than previously thought.</p><p>“The Fed wants to ensure their job is not getting undone, the language is still robust and that there’s still a coordinated effort from board members to push on the hawkish button,” James Athey, investment director at Abrdn Investment Management Ltd. told Bloomberg Television. “That doesn’t mean the destination is necessarily a higher rate than where markets thought a week or two ago. I think they’re just trying to downplay investor’s spirits a bit.”</p><p>Fears are mounting though, that relentlessly rising rates will hit economic growth, with a critical segment of the Treasury yield curve at the most steeply inverted in four decades -- historically such an inversion has flagged recession in the world’s largest economy. Growth-sensitive copper and oil prices were poised for weekly losses, pressured by concerns over a worsening demand outlook.</p><p>Ellen Hazen, chief market strategist at F.L.Putnam Investment Management, said that if the Fed kept increasing rates at the current pace, “by the time they get the information that they’ve been successful in slowing the economy and slowing inflation, it might be too late.”</p><p>“It’s just too soon to know exactly how this is going to play through the economy and that’s the biggest risk,” she told Bloomberg Television.</p><p>Still, the dollar’s retreat allowed other major currencies to strengthen, with the Japanese yen getting some additional impetus from data showing inflation at 40-year highs. The pound attempted to recoup Thursday’s losses as investors assessed the fallout from the government budget on an economy that’s already in recession.</p><p>Earlier, Hong Kong’s benchmark Hang Seng Index enjoyed a third straight week of gains, thanks to China’s steps to support the property sector and ease Covid restrictions. On Friday, the benchmark’s tech gauge touched a two-month high, led by Alibaba, which missed second-quarter revenues but upsized share buybacks.</p><p>Bitcoin was on course for a weekly gain even as the collapse of Sam Bankman-Fried’s FTX empire continues to rattle the crypto market.</p><p>Key events this week:</p><ul><li>US Conference Board leading index, existing home sales, Friday</li></ul><p>Some of the main moves in markets:</p><p>Stocks</p><ul><li>The Stoxx Europe 600 rose 0.8% as of 10:08 a.m. London time</li><li>Futures on the S&amp;P 500 rose 0.3%</li><li>Futures on the Nasdaq 100 rose 0.4%</li><li>Futures on the Dow Jones Industrial Average rose 0.2%</li><li>The MSCI Asia Pacific Index rose 0.3%</li><li>The MSCI Emerging Markets Index was little changed</li></ul><p>Currencies</p><ul><li>The Bloomberg Dollar Spot Index fell 0.1%</li><li>The euro was little changed at $1.0372</li><li>The Japanese yen rose 0.2% to 139.93 per dollar</li><li>The offshore yuan rose 0.3% to 7.1268 per dollar</li><li>The British pound rose 0.5% to $1.1922</li></ul><p>Cryptocurrencies</p><ul><li>Bitcoin rose 0.5% to $16,764.29</li><li>Ether rose 1% to $1,217.45</li></ul><p>Bonds</p><ul><li>The yield on 10-year Treasuries advanced three basis points to 3.80%</li><li>Germany’s 10-year yield advanced five basis points to 2.07%</li><li>Britain’s 10-year yield advanced six basis points to 3.26%</li></ul><p>Commodities</p><ul><li>Brent crude rose 0.1% to $89.87 a barrel</li><li>Spot gold rose 0.2% to $1,764.83 an ounce</li></ul><p>Volatility</p><ul><li>VIX slid 0.59% to 23.79</li></ul><ul><li>VIXmain slid 0.24% to 24.70</li></ul></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Rise With Yields as Fed Messages Digested</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\">\nU.S. Stock Futures Rise With Yields as Fed Messages Digested\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-18 18:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-17/asian-stocks-set-for-cautious-open-on-hawkish-fed-markets-wrap?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European stocks rose and US index futures pointed to a stronger open on Wall Street after two days of losses triggered by Federal Reserve signals that interest rates would continue to rise for a while...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-17/asian-stocks-set-for-cautious-open-on-hawkish-fed-markets-wrap?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIX":"标普500波动率指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-17/asian-stocks-set-for-cautious-open-on-hawkish-fed-markets-wrap?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191206867","content_text":"European stocks rose and US index futures pointed to a stronger open on Wall Street after two days of losses triggered by Federal Reserve signals that interest rates would continue to rise for a while yet.Europe’s Stoxx index rose 0.8%, led by energy, banking and utilities, though shares stayed on track to snap a four-week rising streak. While the US S&P 500 index is down 1% so far this week, index futures on the benchmark gained 0.3%. Nasdaq contracts also advanced, while in New York premarket trading, chip equipment maker Applied Materialsrose4.1% after issuing a forecast-topping sales forecast. A host of tech names, including Nvidia Corp., Meta Platforms Inc. and Amazon.com Inc., also gained.The moves come a day after shares were knocked sharply lower by hawkish comments from St. Louis Fed President James Bullard, who said interest rates needed to rise at least to 5%-5.25% to curb inflation. His comments prompted markets to dial up their expectations for how high US rates might go.The dollar retreated while Treasury yields extended their surge in the wake of Bullard’s comments. But Bullard is only the latest policymaker to warn markets that while inflation appears to be easing off multi-decade highs, policy needs to be tightened further to tame price pressures.However, some investors said hawkish commentary did not necessarily mean rates would peak at higher levels than previously thought.“The Fed wants to ensure their job is not getting undone, the language is still robust and that there’s still a coordinated effort from board members to push on the hawkish button,” James Athey, investment director at Abrdn Investment Management Ltd. told Bloomberg Television. “That doesn’t mean the destination is necessarily a higher rate than where markets thought a week or two ago. I think they’re just trying to downplay investor’s spirits a bit.”Fears are mounting though, that relentlessly rising rates will hit economic growth, with a critical segment of the Treasury yield curve at the most steeply inverted in four decades -- historically such an inversion has flagged recession in the world’s largest economy. Growth-sensitive copper and oil prices were poised for weekly losses, pressured by concerns over a worsening demand outlook.Ellen Hazen, chief market strategist at F.L.Putnam Investment Management, said that if the Fed kept increasing rates at the current pace, “by the time they get the information that they’ve been successful in slowing the economy and slowing inflation, it might be too late.”“It’s just too soon to know exactly how this is going to play through the economy and that’s the biggest risk,” she told Bloomberg Television.Still, the dollar’s retreat allowed other major currencies to strengthen, with the Japanese yen getting some additional impetus from data showing inflation at 40-year highs. The pound attempted to recoup Thursday’s losses as investors assessed the fallout from the government budget on an economy that’s already in recession.Earlier, Hong Kong’s benchmark Hang Seng Index enjoyed a third straight week of gains, thanks to China’s steps to support the property sector and ease Covid restrictions. On Friday, the benchmark’s tech gauge touched a two-month high, led by Alibaba, which missed second-quarter revenues but upsized share buybacks.Bitcoin was on course for a weekly gain even as the collapse of Sam Bankman-Fried’s FTX empire continues to rattle the crypto market.Key events this week:US Conference Board leading index, existing home sales, FridaySome of the main moves in markets:StocksThe Stoxx Europe 600 rose 0.8% as of 10:08 a.m. London timeFutures on the S&P 500 rose 0.3%Futures on the Nasdaq 100 rose 0.4%Futures on the Dow Jones Industrial Average rose 0.2%The MSCI Asia Pacific Index rose 0.3%The MSCI Emerging Markets Index was little changedCurrenciesThe Bloomberg Dollar Spot Index fell 0.1%The euro was little changed at $1.0372The Japanese yen rose 0.2% to 139.93 per dollarThe offshore yuan rose 0.3% to 7.1268 per dollarThe British pound rose 0.5% to $1.1922CryptocurrenciesBitcoin rose 0.5% to $16,764.29Ether rose 1% to $1,217.45BondsThe yield on 10-year Treasuries advanced three basis points to 3.80%Germany’s 10-year yield advanced five basis points to 2.07%Britain’s 10-year yield advanced six basis points to 3.26%CommoditiesBrent crude rose 0.1% to $89.87 a barrelSpot gold rose 0.2% to $1,764.83 an ounceVolatilityVIX slid 0.59% to 23.79VIXmain slid 0.24% to 24.70","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987761821,"gmtCreate":1667998598164,"gmtModify":1676537996316,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987761821","repostId":"1147357388","repostType":2,"repost":{"id":"1147357388","pubTimestamp":1667996790,"share":"https://www.laohu8.com/m/news/1147357388?lang=&edition=full","pubTime":"2022-11-09 20:26","market":"us","language":"en","title":"Amazon: Buying Opportunity In The Making","url":"https://stock-news.laohu8.com/highlight/detail?id=1147357388","media":"Seeking Alpha","summary":"SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Amazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.</li><li>While AWS will continue to perform quite well, the other two segments will probably suffer in an upcoming recession.</li><li>Amazon is investing heavily again, which has had a negative effect on the bottom line and, with decreased spending in the future, higher operating income is possible.</li><li>In my opinion, Amazon stock will go lower in the coming months and quarters, and $65 seems like a first good entry point, with a high risk of Amazon stock declining even lower.</li></ul><p>In my last article about Amazon.com, Inc. (NASDAQ: AMZN) in March 2022, I asked the question if Amazon is finally a buy (at that point, the stock was trading for $142). In my conclusion I wrote:</p><blockquote>I am rather neutral on Amazon right now and I think it is possible that the support level will hold, and the stock might move higher again. However, I don&#39;t know if Amazon can set new all-time highs in the foreseeable future. And I also don&#39;t think that Amazon is a bargain right now or a great investment. The company is without any doubt a great business and will be able to grow with a high pace for several years to come - but at current valuation multiples, it has to be.</blockquote><p>We now know the support level did not hold and the stock declined to the next support level around $100 (back then it was about $2,000 in the not split-adjusted chart). In the meantime, Amazon stock already bounced back to the previous support level around $145 and then declined again – and the last quarterly earnings really accelerated that decline and pushed the stock down to only $90.</p><p><b>Quarterly Results</b></p><p>At a first glance, the result doesn’t seem so bad, and one won’t necessary expect a 20% decline that followed in the days since earnings were reported on October 27, 2022. While the company beat on earnings per share expectations, it missed revenue expectations, but only by $370 million. This seems neglectable when considering total net sales of $127,101 million in Q3/22. Compared to the same quarter last year ($110,812 million in net sales), the top line increased 14.7% year-over-year. While net product sales increased from $54,876 million to $59,340 million (resulting in 8.1% year-over-year growth), net service sales increased from $55,936 million to $67,761 million (resulting in 21.1% growth).</p><p>But while the top line increased, operating income declined 48.0% YoY from $4,852 million in Q3/21 to $2,525 million in Q3/22. And diluted earnings per share also declined from $0.31 in the same quarter last year to $0.28 this quarter.</p><p>The biggest disappointment for investors was probably the company’s guidance for the fourth quarter. Amazon is expecting net sales to be between $140.0 billion and $148.0 billion, reflecting only between 2% and 8% growth compared to Q4/22 (the guidance anticipates an unfavorable impact from foreign exchange rates of 460 basis point). Operating income is expected to be between $0 and $4.0 billion, compared to $3.5 billion in the same quarter last year. And any growth rate below 7% would be the lowest quarterly growth rate for a long time (probably the lowest growth rate ever).</p><p><b>AWS: Cash Cow</b></p><p>When looking at the different segments, the picture is quite similar as in the last few quarters and years. Amazon Web Services, which was already launched in 2002, continues to be the cash cow for Amazon, and it is the segment which is generating almost all the operating income. In the third quarter of fiscal 2022, AWS generated $20,538 million in net sales. Compared to the same quarter last year, this resulted in 27% year-over-year growth (28% in FX adjusted numbers). Operating income in Q3/22 was $5,403 million, resulting in 11% year-over-year growth.</p><p><img src=\"https://static.tigerbbs.com/c08a86cc28fd43259538ed285bfeedab\" tg-width=\"640\" tg-height=\"488\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>And as we can see in the chart below, Amazon is the clear market leader in a fast-growing market. In Q4/21, Amazon AWS had a market share of 33% and was clearly ahead of its two main competitors – Microsoft (MSFT) with Microsoft Azure and Alphabet (GOOG,GOOGL) with Google Cloud.</p><p><img src=\"https://static.tigerbbs.com/c532163ed8f8adfb54d4dde7cbc7b9b6\" tg-width=\"640\" tg-height=\"551\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>VisualCapitalist</p><p>In my previous article about Alphabet, I already mentioned the fast-growing cloud market. Alphabet stated in a recent presentation that the cloud market is still in its early stage. According to this presentation, the public cloud services spendings are expected to double between 2022 and 2026, and not only Alphabet will profit from this trend but Amazon as well.</p><p><img src=\"https://static.tigerbbs.com/fc96088bc988e019855031a01a7b5890\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Alphabet Q3/22 Presentation</p><p>And this is backed up by several different studies (seehereandhere) andforecaststhat also expect high growth rates for the cloud business in the years to come.</p><p><b>Retail: Struggling</b></p><p>While AWS is continuing to grow at a high pace and is very profitable for Amazon, the retail business of Amazon – which is responsible for the biggest part of revenue – seems to struggle once again. The North America segment could still grow the top line at a solid pace, with increased revenue 20% year-over-year, from $65,557 million in the same quarter last year to $78,743 million this quarter. But while the segment could generate an operating profit of $880 million in the same quarter last year, it is now reporting an operating loss of $142 million.</p><p><img src=\"https://static.tigerbbs.com/5885e588ec6a05ae5e5a931755fa4637\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>And not only its North America segment was unprofitable this quarter. Its international segment was also unprofitable once again and reported an operating loss of $2,466 million (compared to an operating loss of $911 million in the same quarter last year). Additionally, the segment also had to report declining sales. Compared to $29,145 million in Q3/21, sales in Q3/22 were only $27,720 resulting in 5% year-over-year decline. However, this was in large parts due to currency effects – FX adjusted, sales increased 12% year-over-year.</p><p><img src=\"https://static.tigerbbs.com/08bc6732afc9fa31f5c46aafc37a26a3\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>So, to be honest, results are not so bad. Both segments are not profitable (we will get to this later) but the mediocre top line results are also due to the strong dollar which affected Amazon’s business – like it affected many other U.S. businesses.</p><p>And when looking at the expectations for the holiday sales, analysts and the NRF, the National Retail Federation, are quite optimistic. For the months of November and December 2022,holiday sales are expectedto be between $942.6 million and $960.4 million– resulting in 6% to 8% year-over-year growth, which is quite an optimistic forecast. Compared to the last two years (with growth rates of 9.3% in 2020 and 13.5% in 2021), this seems moderate.</p><p><img src=\"https://static.tigerbbs.com/8d45157a1039b7db14e9525fd87245fe\" tg-width=\"640\" tg-height=\"482\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NRF</p><p>And when looking at longer timeframes, growth expectations are also high – not only for the holiday sales. While retail sales are expected to grow only with a CAGR of 3.70% between 2021 and 2026 (according to Statista), ecommerce sales are expected to grow with a much higher pace (and Amazon is generating most of its sales online). For the years from 2023 till 2026, analysts are expecting ecommerce sales to growabout 12% annually.</p><p><img src=\"https://static.tigerbbs.com/381ce5c4ddb35163699973ad633b2892\" tg-width=\"922\" tg-height=\"897\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>eMarketer // InsiderIntelligence</p><p>Now we must question if these growth expectations are realistic – especially as we are seeing strong signs for the economy crumbling and not only in the United States of America. Aside from the stock market declining about 20% (which is an early warning indicator), theyield curve inverted recently(one of the best warning signs for a recession) anddisposable income per capitais also declining for several months in a row now.</p><p>In a recession, we usually see spendings decline and here we must take a closer look at Amazon’s revenue streams. About 16% stem from AWS (see section above), and companies might cut back on spendings here – although these are fundamental services for a business. An additional 7% of revenue is stemming from subscription services, and due to switching costs we can be confident to see numbers be at least stable (many people rely on Amazon Prime for free shipping as well as the video and music content).</p><p>But about 42% of revenue stems from online stores, and about 23% stems from third-party sellers. And in both cases, we must assume consumers spending is less, which could lead to declining revenue for Amazon (or at least lower growth rates). An additional 8% of revenue is stemming from advertising and these are classical examples for businesses to cut spendings.</p><p>All in all, we should be rather cautious about Amazon’s top line growth in the next few quarters. And we should even think about the possibility of declining revenue in some quarters – depending on how extreme the recession gets.</p><p><b>Investing in the future</b></p><p>And while declining revenue (or slower growth rates) could be an issue in the coming quarters, the bottom-line results already are a reason for concern right now. Since the fourth quarter of fiscal 2021, free cash flow is negative again (when looking at the TTM numbers). And while Amazon has done a pretty good job of convincing investors to focus on top line growth and ignore profitability (something Meta Platforms (META) is failing horrible right now), investors also seem to be concerned about Amazon as well.</p><p>And I must be honest: I am also a bit irritated that Amazon, a business which is almost 30 years old and one of the major corporations in the world, is failing once again to be profitable. On the other hand, it is good to invest in the future, and we should be confident these investments will pay off.</p><p>We will especially focus on the operating expenses, as these amounts will mostly driver future growth – they include sales, marketing, research, and development. And while Amazon spent about 35% of its revenue on operating expenses in the years 2019 till 2021, it spent over 40% in the last four quarters. And when comparing Amazon to other retail companies, the difference is huge. Walmart (WMT), Target (TGT), and Kroger (KR), for example, are spending about 20% of revenue on operating expenses (Target is spending a little more than the other two). Amazon is spending twice as much of its revenue, and when this spending pays off, Amazon will probably profit in the future by higher growth rates and higher sales.</p><table><tbody><tr><th><p>Total Operating Expenses % of revenue</p></th><th><p>2019</p></th><th><p>2021</p></th><th><p>2021</p></th><th><p>TTM</p></th></tr><tr><td><p>Amazon</p></td><td><p>35.81%</p></td><td><p>33.64%</p></td><td><p>36.74%</p></td><td><p>40.46%</p></td></tr><tr><td><p>Walmart</p></td><td><p>20.59%</p></td><td><p>20.01%</p></td><td><p>20.57%</p></td><td><p>20.54%</p></td></tr><tr><td><p>Target</p></td><td><p>23.71%</p></td><td><p>22.21%</p></td><td><p>20.73%</p></td><td><p>20.79%</p></td></tr><tr><td><p>Kroger</p></td><td><p>20.59%</p></td><td><p>21.59%</p></td><td><p>20.03%</p></td><td><p>19.24%</p></td></tr></tbody></table><p>Of course, the long-term goal should be to spend only as much as necessary and cut cost of revenue as well as operating expenses as this will increase profitability. In case of Amazon, we can see that the company was able to lower its costs of revenue (as percentage of revenue) constantly during the last decade, while operating expenses increased over time.</p><p>But if Amazon can lower its operating expenses over time – and therefore increase operating margin it can be extremely profitable. And it doesn’t even have to lower its operating expenses to 20% of revenue like Walmart or Target – 30% to 35% is enough to multiply its operating income.</p><p><b>Intrinsic Value Calculation</b></p><p>And these increased spendings led to Amazon trading for extremely high valuation multiples once again. As free cash flow is negative, we can’t calculate a reasonable P/FCF ratio at this point. The P/E ratio however is 83 right now and although this is below the 5-year average (which is 105), we can’t really argue that a P/E ratio of almost 100 is cheap in any way. Such a high P/E ratio is even difficult to justify with high growth rates.</p><p><img src=\"https://static.tigerbbs.com/b80c5c9861c0f88a7c05281785e27a38\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>However, it can be justified – at least in parts – by extraordinary high operating expenses, which might not only result in higher revenue growth but also in higher operating income once the high expenditures are reduced again. If we assume only about 35% of revenue spent as operating expenses in addition to 57% of revenue for costs of revenue, we will get an operating margin around 8% and an operating income of $40,000 right now. This would result in earnings per share around $3.50 in my opinion (considering taxes and interest expenses) and Amazon would therefore trade for a P/E ratio of 26.</p><p>This is a much more reasonable P/E ratio, but still a bit high in current market conditions – and we are calculating with hypothetical assumptions. I have mentioned several times that we must probably adapt to a new reality of lower P/E ratios and lower CAPE ratios. We got so used to these extremely high valuation multiples for several years now that we assume they are the norm. But the last few years have been an extreme outlier – stocks are not trading for a CAPE ratio of 30.</p><p><img src=\"https://static.tigerbbs.com/36fea4051eb380f769451c28a6ec244f\" tg-width=\"1280\" tg-height=\"930\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Advisor Perspectives</p><p>Usually, I offer an intrinsic value by using a discount cash flow calculation. For such a calculation we must make several assumptions and in case of Amazon it is extremely difficult to make these assumptions as the company is lacking consistency. We could assume operating margin to improve again in the coming quarters and Amazon still growing its top line in the mid-to-high teens and we get an extremely undervalued stock. But we could also argue that growth rates will slow down, the recession will hit Amazon hard, and profitability will decline even further in a challenging macroeconomic environment and the stock remains overvalued.</p><p><b>Technical Picture</b></p><p>Instead of trying to calculate an intrinsic value for the stock I will rather focus on the chart and the sentiment surrounding stocks – especially high-growth companies (which are close to being unprofitable).</p><p>I already started writing parts of this article about two weeks ago before earnings were reported. At that point I theorized that the stock could go up to $145 again. But I didn’t consider that scenario to be very realistic. Instead, I rather assumed the stock to decline to $100 again. And while I expected the stock to break below $100 at some point in the next few months, I didn’t think it would happen so quickly.</p><p><img src=\"https://static.tigerbbs.com/04f71c53acbba04e624687d34078dd49\" tg-width=\"640\" tg-height=\"453\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TradingView</p><p>When looking at the chart, we can identify two strong support levels for Amazon. And a first reasonable mid-term target for the stock over the next few months is between $65 and $72. At that level we find not only the 38% Fibonacci retracement level of the last upward wave, but also the lows of the late 2018 correction. Additionally, we have a long-term trendline connecting the lows of the Dotcom bubble crash and the Great Financial Crisis. At $65, we are already looking at a 65% decline, but I don’t want to bet on Amazon already finding its cyclical bottom there.</p><p>A next potential support level would be around $45 where we find the 23% Fibonacci retracement as well as the 200-months moving average. And especially the latter is often the target for stocks in steep corrections. At that point we are looking at a 76% decline, which might seem extreme right now but is possible. And I would also not be surprised if Amazon goes even lower – depending on how the next recession and bear market play out.</p><p><b>Conclusion</b></p><p>Amazon is not extremely expensive anymore. However, I don’t see Amazon as the extreme bargain many other contributors are seeing (when scrolling through the articles, I only see bullish and extremely bullish views about Amazon).</p><p>I avoided Amazon as an investment for a long time, as I considered the stock as being just too expensive. Now, Amazon is certainly getting to price regions where the stock is starting to get interesting, but I won’t pull the trigger yet, as Amazon is still above the cycle bottom in my opinion. Investors have not priced in what is about to come for the economy as well as the stock market. And when comparing Amazon to other big tech companies – like Alphabet or Meta Platforms – the stock is still trading for rather high valuation multiples making it vulnerable to downside risk. I personally will get interested in Amazon when it is trading for $65 to $70.</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>Amazon: Buying Opportunity In The Making</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: Buying Opportunity In The Making\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 20:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.While AWS will continue to perform ...</p>\n\n<a href=\"https://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making\">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://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147357388","content_text":"SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.While AWS will continue to perform quite well, the other two segments will probably suffer in an upcoming recession.Amazon is investing heavily again, which has had a negative effect on the bottom line and, with decreased spending in the future, higher operating income is possible.In my opinion, Amazon stock will go lower in the coming months and quarters, and $65 seems like a first good entry point, with a high risk of Amazon stock declining even lower.In my last article about Amazon.com, Inc. (NASDAQ: AMZN) in March 2022, I asked the question if Amazon is finally a buy (at that point, the stock was trading for $142). In my conclusion I wrote:I am rather neutral on Amazon right now and I think it is possible that the support level will hold, and the stock might move higher again. However, I don't know if Amazon can set new all-time highs in the foreseeable future. And I also don't think that Amazon is a bargain right now or a great investment. The company is without any doubt a great business and will be able to grow with a high pace for several years to come - but at current valuation multiples, it has to be.We now know the support level did not hold and the stock declined to the next support level around $100 (back then it was about $2,000 in the not split-adjusted chart). In the meantime, Amazon stock already bounced back to the previous support level around $145 and then declined again – and the last quarterly earnings really accelerated that decline and pushed the stock down to only $90.Quarterly ResultsAt a first glance, the result doesn’t seem so bad, and one won’t necessary expect a 20% decline that followed in the days since earnings were reported on October 27, 2022. While the company beat on earnings per share expectations, it missed revenue expectations, but only by $370 million. This seems neglectable when considering total net sales of $127,101 million in Q3/22. Compared to the same quarter last year ($110,812 million in net sales), the top line increased 14.7% year-over-year. While net product sales increased from $54,876 million to $59,340 million (resulting in 8.1% year-over-year growth), net service sales increased from $55,936 million to $67,761 million (resulting in 21.1% growth).But while the top line increased, operating income declined 48.0% YoY from $4,852 million in Q3/21 to $2,525 million in Q3/22. And diluted earnings per share also declined from $0.31 in the same quarter last year to $0.28 this quarter.The biggest disappointment for investors was probably the company’s guidance for the fourth quarter. Amazon is expecting net sales to be between $140.0 billion and $148.0 billion, reflecting only between 2% and 8% growth compared to Q4/22 (the guidance anticipates an unfavorable impact from foreign exchange rates of 460 basis point). Operating income is expected to be between $0 and $4.0 billion, compared to $3.5 billion in the same quarter last year. And any growth rate below 7% would be the lowest quarterly growth rate for a long time (probably the lowest growth rate ever).AWS: Cash CowWhen looking at the different segments, the picture is quite similar as in the last few quarters and years. Amazon Web Services, which was already launched in 2002, continues to be the cash cow for Amazon, and it is the segment which is generating almost all the operating income. In the third quarter of fiscal 2022, AWS generated $20,538 million in net sales. Compared to the same quarter last year, this resulted in 27% year-over-year growth (28% in FX adjusted numbers). Operating income in Q3/22 was $5,403 million, resulting in 11% year-over-year growth.Amazon Q3/22 PresentationAnd as we can see in the chart below, Amazon is the clear market leader in a fast-growing market. In Q4/21, Amazon AWS had a market share of 33% and was clearly ahead of its two main competitors – Microsoft (MSFT) with Microsoft Azure and Alphabet (GOOG,GOOGL) with Google Cloud.VisualCapitalistIn my previous article about Alphabet, I already mentioned the fast-growing cloud market. Alphabet stated in a recent presentation that the cloud market is still in its early stage. According to this presentation, the public cloud services spendings are expected to double between 2022 and 2026, and not only Alphabet will profit from this trend but Amazon as well.Alphabet Q3/22 PresentationAnd this is backed up by several different studies (seehereandhere) andforecaststhat also expect high growth rates for the cloud business in the years to come.Retail: StrugglingWhile AWS is continuing to grow at a high pace and is very profitable for Amazon, the retail business of Amazon – which is responsible for the biggest part of revenue – seems to struggle once again. The North America segment could still grow the top line at a solid pace, with increased revenue 20% year-over-year, from $65,557 million in the same quarter last year to $78,743 million this quarter. But while the segment could generate an operating profit of $880 million in the same quarter last year, it is now reporting an operating loss of $142 million.Amazon Q3/22 PresentationAnd not only its North America segment was unprofitable this quarter. Its international segment was also unprofitable once again and reported an operating loss of $2,466 million (compared to an operating loss of $911 million in the same quarter last year). Additionally, the segment also had to report declining sales. Compared to $29,145 million in Q3/21, sales in Q3/22 were only $27,720 resulting in 5% year-over-year decline. However, this was in large parts due to currency effects – FX adjusted, sales increased 12% year-over-year.Amazon Q3/22 PresentationSo, to be honest, results are not so bad. Both segments are not profitable (we will get to this later) but the mediocre top line results are also due to the strong dollar which affected Amazon’s business – like it affected many other U.S. businesses.And when looking at the expectations for the holiday sales, analysts and the NRF, the National Retail Federation, are quite optimistic. For the months of November and December 2022,holiday sales are expectedto be between $942.6 million and $960.4 million– resulting in 6% to 8% year-over-year growth, which is quite an optimistic forecast. Compared to the last two years (with growth rates of 9.3% in 2020 and 13.5% in 2021), this seems moderate.NRFAnd when looking at longer timeframes, growth expectations are also high – not only for the holiday sales. While retail sales are expected to grow only with a CAGR of 3.70% between 2021 and 2026 (according to Statista), ecommerce sales are expected to grow with a much higher pace (and Amazon is generating most of its sales online). For the years from 2023 till 2026, analysts are expecting ecommerce sales to growabout 12% annually.eMarketer // InsiderIntelligenceNow we must question if these growth expectations are realistic – especially as we are seeing strong signs for the economy crumbling and not only in the United States of America. Aside from the stock market declining about 20% (which is an early warning indicator), theyield curve inverted recently(one of the best warning signs for a recession) anddisposable income per capitais also declining for several months in a row now.In a recession, we usually see spendings decline and here we must take a closer look at Amazon’s revenue streams. About 16% stem from AWS (see section above), and companies might cut back on spendings here – although these are fundamental services for a business. An additional 7% of revenue is stemming from subscription services, and due to switching costs we can be confident to see numbers be at least stable (many people rely on Amazon Prime for free shipping as well as the video and music content).But about 42% of revenue stems from online stores, and about 23% stems from third-party sellers. And in both cases, we must assume consumers spending is less, which could lead to declining revenue for Amazon (or at least lower growth rates). An additional 8% of revenue is stemming from advertising and these are classical examples for businesses to cut spendings.All in all, we should be rather cautious about Amazon’s top line growth in the next few quarters. And we should even think about the possibility of declining revenue in some quarters – depending on how extreme the recession gets.Investing in the futureAnd while declining revenue (or slower growth rates) could be an issue in the coming quarters, the bottom-line results already are a reason for concern right now. Since the fourth quarter of fiscal 2021, free cash flow is negative again (when looking at the TTM numbers). And while Amazon has done a pretty good job of convincing investors to focus on top line growth and ignore profitability (something Meta Platforms (META) is failing horrible right now), investors also seem to be concerned about Amazon as well.And I must be honest: I am also a bit irritated that Amazon, a business which is almost 30 years old and one of the major corporations in the world, is failing once again to be profitable. On the other hand, it is good to invest in the future, and we should be confident these investments will pay off.We will especially focus on the operating expenses, as these amounts will mostly driver future growth – they include sales, marketing, research, and development. And while Amazon spent about 35% of its revenue on operating expenses in the years 2019 till 2021, it spent over 40% in the last four quarters. And when comparing Amazon to other retail companies, the difference is huge. Walmart (WMT), Target (TGT), and Kroger (KR), for example, are spending about 20% of revenue on operating expenses (Target is spending a little more than the other two). Amazon is spending twice as much of its revenue, and when this spending pays off, Amazon will probably profit in the future by higher growth rates and higher sales.Total Operating Expenses % of revenue201920212021TTMAmazon35.81%33.64%36.74%40.46%Walmart20.59%20.01%20.57%20.54%Target23.71%22.21%20.73%20.79%Kroger20.59%21.59%20.03%19.24%Of course, the long-term goal should be to spend only as much as necessary and cut cost of revenue as well as operating expenses as this will increase profitability. In case of Amazon, we can see that the company was able to lower its costs of revenue (as percentage of revenue) constantly during the last decade, while operating expenses increased over time.But if Amazon can lower its operating expenses over time – and therefore increase operating margin it can be extremely profitable. And it doesn’t even have to lower its operating expenses to 20% of revenue like Walmart or Target – 30% to 35% is enough to multiply its operating income.Intrinsic Value CalculationAnd these increased spendings led to Amazon trading for extremely high valuation multiples once again. As free cash flow is negative, we can’t calculate a reasonable P/FCF ratio at this point. The P/E ratio however is 83 right now and although this is below the 5-year average (which is 105), we can’t really argue that a P/E ratio of almost 100 is cheap in any way. Such a high P/E ratio is even difficult to justify with high growth rates.Data by YChartsHowever, it can be justified – at least in parts – by extraordinary high operating expenses, which might not only result in higher revenue growth but also in higher operating income once the high expenditures are reduced again. If we assume only about 35% of revenue spent as operating expenses in addition to 57% of revenue for costs of revenue, we will get an operating margin around 8% and an operating income of $40,000 right now. This would result in earnings per share around $3.50 in my opinion (considering taxes and interest expenses) and Amazon would therefore trade for a P/E ratio of 26.This is a much more reasonable P/E ratio, but still a bit high in current market conditions – and we are calculating with hypothetical assumptions. I have mentioned several times that we must probably adapt to a new reality of lower P/E ratios and lower CAPE ratios. We got so used to these extremely high valuation multiples for several years now that we assume they are the norm. But the last few years have been an extreme outlier – stocks are not trading for a CAPE ratio of 30.Advisor PerspectivesUsually, I offer an intrinsic value by using a discount cash flow calculation. For such a calculation we must make several assumptions and in case of Amazon it is extremely difficult to make these assumptions as the company is lacking consistency. We could assume operating margin to improve again in the coming quarters and Amazon still growing its top line in the mid-to-high teens and we get an extremely undervalued stock. But we could also argue that growth rates will slow down, the recession will hit Amazon hard, and profitability will decline even further in a challenging macroeconomic environment and the stock remains overvalued.Technical PictureInstead of trying to calculate an intrinsic value for the stock I will rather focus on the chart and the sentiment surrounding stocks – especially high-growth companies (which are close to being unprofitable).I already started writing parts of this article about two weeks ago before earnings were reported. At that point I theorized that the stock could go up to $145 again. But I didn’t consider that scenario to be very realistic. Instead, I rather assumed the stock to decline to $100 again. And while I expected the stock to break below $100 at some point in the next few months, I didn’t think it would happen so quickly.TradingViewWhen looking at the chart, we can identify two strong support levels for Amazon. And a first reasonable mid-term target for the stock over the next few months is between $65 and $72. At that level we find not only the 38% Fibonacci retracement level of the last upward wave, but also the lows of the late 2018 correction. Additionally, we have a long-term trendline connecting the lows of the Dotcom bubble crash and the Great Financial Crisis. At $65, we are already looking at a 65% decline, but I don’t want to bet on Amazon already finding its cyclical bottom there.A next potential support level would be around $45 where we find the 23% Fibonacci retracement as well as the 200-months moving average. And especially the latter is often the target for stocks in steep corrections. At that point we are looking at a 76% decline, which might seem extreme right now but is possible. And I would also not be surprised if Amazon goes even lower – depending on how the next recession and bear market play out.ConclusionAmazon is not extremely expensive anymore. However, I don’t see Amazon as the extreme bargain many other contributors are seeing (when scrolling through the articles, I only see bullish and extremely bullish views about Amazon).I avoided Amazon as an investment for a long time, as I considered the stock as being just too expensive. Now, Amazon is certainly getting to price regions where the stock is starting to get interesting, but I won’t pull the trigger yet, as Amazon is still above the cycle bottom in my opinion. Investors have not priced in what is about to come for the economy as well as the stock market. And when comparing Amazon to other big tech companies – like Alphabet or Meta Platforms – the stock is still trading for rather high valuation multiples making it vulnerable to downside risk. I personally will get interested in Amazon when it is trading for $65 to $70.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987738638,"gmtCreate":1667988609424,"gmtModify":1676537995182,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9987738638","repostId":"1174844507","repostType":4,"repost":{"id":"1174844507","pubTimestamp":1668008304,"share":"https://www.laohu8.com/m/news/1174844507?lang=&edition=full","pubTime":"2022-11-09 23:38","market":"us","language":"en","title":"History Points to a Post-Midterm Rally: Oppenheimer Suggests 3 Stocks to Ride the Momentum","url":"https://stock-news.laohu8.com/highlight/detail?id=1174844507","media":"TipRanks","summary":"America goes to the only poll that counts, and tomorrow morning we’ll have a better picture of the n","content":"<div>\n<p>America goes to the only poll that counts, and tomorrow morning we’ll have a better picture of the next Congress. All indications point toward a hefty GOP win, and a consequent legislative check on ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/history-points-to-a-post-midterm-rally-oppenheimer-suggests-3-stocks-to-ride-the-momentum\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>History Points to a Post-Midterm Rally: Oppenheimer Suggests 3 Stocks to Ride the Momentum</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\">\nHistory Points to a Post-Midterm Rally: Oppenheimer Suggests 3 Stocks to Ride the Momentum\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 23:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/history-points-to-a-post-midterm-rally-oppenheimer-suggests-3-stocks-to-ride-the-momentum><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>America goes to the only poll that counts, and tomorrow morning we’ll have a better picture of the next Congress. All indications point toward a hefty GOP win, and a consequent legislative check on ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/history-points-to-a-post-midterm-rally-oppenheimer-suggests-3-stocks-to-ride-the-momentum\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DASH":"DoorDash, Inc.","PLYA":"Playa Hotels & Resorts NV","BMRN":"拜玛林制药"},"source_url":"https://www.tipranks.com/news/article/history-points-to-a-post-midterm-rally-oppenheimer-suggests-3-stocks-to-ride-the-momentum","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174844507","content_text":"America goes to the only poll that counts, and tomorrow morning we’ll have a better picture of the next Congress. All indications point toward a hefty GOP win, and a consequent legislative check on the Democratic Administration.As for the stock market, if we look back at the past 70 years or so, we find reason for hope no matter the results of the vote. That’s because stocks have rallied after every single mid-term election since the Second World War. It’s no flash-in-the-pan effect either. According to the data, the S&P 500 shows gains for up to a year after a mid-term vote. And with the markets going into election day after 10 months of losses, there’s plenty of room for them to climb back up.In the words of Oppenheimer’s chief investment strategist John Stoltzfus, “Market history suggests to us that regardless of which party is considered the victor in the mid-term elections a rally of some kind is likely in the equity markets near term.”While Stoltzfus acknowledges that there are multiple issues which will drive markets into next year, the immediate post-election period should see a rally in stocks. Chalk it up to clarity; investors never like uncertain situations, and putting the elections behind us will add a degree of predictability to the next few months.So let’s assume that we’re in for a short-term rally in stocks. The question then become, which stocks to pick? And that’s where the stock analysts at Oppenheimer can help us. They’ve followed Stoltzfus’ lead, and picked out three equities that are likely to gain as the markets pick up some upward momentum. We’ve used the TipRanks platform to find out what makes them tick. Let’s take a closer look.DoorDash, Inc.(DASH)The first Oppenheimer pick is DoorDash, a Silicon Valley company in the world of online food ordering and food delivery services. The company boasts a market share of approximately 56%, making it the undisputed leader in the on-demand delivery niche. The service is accessed through a mobile app, and operates in 27 countries around the world, and from the beginning of 2020 through to 3Q22, the company has generated over $70 billion in sales for affiliated merchants along with more than $25 billion in cumulative earnings for its drivers.Taking a look at the 3Q numbers, we find that DoorDash has reported rising revenue in each of the last five quarters. The current top line is $1.7 billion, up 33% year-over-year. This was supported by 27% y/y growth in total orders, to 439 million for the quarter, and a 30% gain in marketplace gross order volume, which hit $13.5 billion.The total order number was the key for the company, as it exceeded Wall Street’s forecast of 433 million. Investors and analysts were also pleased by the revenue number, which came in above the $1.63 billion expectation.These beats compensated for a deeper-than-expected earnings loss. The net EPS loss of 77 cents was significantly higher than the 60-cent forecast.Oppenheimer’s 5-star analystJason Helfsteinlooks at the half-full glass and upgrades DoorDash shares from Neutral to Outperform (i.e. Buy). Helfstein also sets a $70 price target to indicate room for ~35% upside in the coming year.Backing his stance, Helfstein wrote, “Increased disclosure shows improving US restaurant margins… As such, we forecast ’25 EBITDA of $1.5B, with GOV margins of 1.8%, up from 0.7% in ’22E. We forecast US restaurant contribution margins improving from 5.7% in ’22E to 6.1% in ’25E, with Int’l. & US non-restaurant contribution margins improving from -13.4% in ’22E to -2.4% in ’25E—based on 4–5% incremental margins. 3Q showed continued strength, despite uncertain macro.”“We believe DoorDash can leverage its early focus on suburban markets to gain traction in Tier-1 markets and continue expanding its current market leader position,” the analyst summed up.Overall, there are 14 recent analyst reviews on file for DoorDash and they break down to 8 Buys against 6 Holds, for a Moderate Buy consensus rating. The stock is currently trading for $52.27 and has an $84.07 average price target; this implies ~61% potential gain in the next 12 months.Playa Hotels & Resorts(PLYA)The leisure industry was hit hard by the COVID lockdowns, but it has been enjoying a renaissance since last year, when economies began opening up and travel restrictions were loosened. The second stock our list, Playa Hotels, is owner, operator, and developer of hotel and resort locations in Mexico and the Caribbean. The company has 25 locations, at prime beachfronts, in Mexico, Jamaica, and the Dominican Republic, with a total of 9,352 rooms.The company reported its 3Q22 numbers earlier this week, and key figure to focus on was the occupancy rate. Playa reported that 73.8% of its rooms were occupied during the third quarter, a huge increase from the 59.3% reported in the year-ago period. The company’s total revenue, of $204.6 million, was up 35% year-over-year, and the adjusted net income came to $5.9 million – which compared favorably to the $13.7 million adjusted net loss in 3Q21. The company has been benefiting from high consumer demand for leisure travel and activities, post-COVID.Covering PLYA for Oppenheimer, analyst Tyler Batory takes an upbeat view of the company, noting: “We continue to think PLYA is well positioned to take advantage of leisure travel demand and should benefit from increased recognition of the all-inclusive business model by consumers. We also think it’s a positive that the company has not seen an increase in cancellation activity or a slowdown in booking demand outside of hurricane-related activity.”Following from this optimistic outlook, Batory gives the stock an Outperform (i.e. Buy) rating, and his $13 price target suggests it has a robust one-year gain of 121% ahead of it.This international resort operator has picked up 3 recent reviews on Wall Street – and those reviews are all positive, making for a unanimous Strong Buy consensus rating on the stock. Shares in PLYA are trading for $5.88 and the $12.33 average price target implies a 110% gain in the year ahead.BioMarin Pharmaceutical (BMRN)We’ll now shift to the biotech sector, where BioMarin Pharmaceutical is a pioneer in the treatment of rare genetic diseases. The company is working on the development and commercialization of new therapeutic agents for genetic-based diseases that cause debilitating or life-threatening conditions, and that currently lack any effective treatments.In addition to an active research pipeline, BioMarin also has a line-up of seven approved drugs currently on the market. These products generated over $464 million in revenues in 3Q22, out of $505 million total at the top line. The product revenues were up 26% year-over-year, and drove a total y/y revenue gain of 24%.The company’s lead revenue generator is Vimizim, a treatment for the genetic enzyme disorder Morquio A, which causes severe damage to bone, cartilage, and ligament tissues. BioMarin realized $155.5 million in Q3 revenue from Vimizim, up 14% from the year-ago period. The company’s drug Naglazyme showed the largest y/y revenue gain among the product line. This medication, a treatment for the progressive wasting condition Maroteaux-Lamy syndrome, saw revenues grow 40% y/y to reach $99.5 million.Turning to the company’s pipeline, the leading drug candidate is valoctocogene roxaparvovec, branded as roctavian. This is a new AAV gene therapy treatment for adult sufferers of hemophilia A. The drug has completed clinical trials and received approval for use in the European Union, and the approval process with the FDA, following the Biologics License Application, is progressing. The current PDUFA is March 31, 2023 – although there is a possibility of extending that by 3 months should the FDA require additional information.This is another stock that got a recent upgrade from Oppenheimer. AnalystLeland Gershellbumped the shares up from Neutral to Outperform (i.e. Buy), while setting a $110 price target that implies an upside of ~35% by the end of next year.Gershell believes BMRN is set for outperformance, noting: “Roctavian is in review for potential late March FDA approval for severe hemophilia A, tangible signs of reimbursement progress are being made as it enters European markets, Voxzogo is enjoying a strong global launch in achondroplasia, and BMRN is turning toward consistent profitability and positive cash flow generation—yet share shave only modestly risen above indices in 2022 (-8% vs. NBI -12% YTD). As we enter 2023, we believe the market’s increasing recognition of improving fundamentals and greater comfort around near- (and potentially longer) term revenue opportunities will translate into more pronounced outperformance.”Overall, it’s clear from the 13 recent analyst reviews that Wall Street likes this stock. The reviews include 11 Buys to 2 Holds for a Strong Buy consensus rating, and the $103.77 average price target suggests a 27% one-year upside from the trading price of $81.33.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917949379,"gmtCreate":1665418970291,"gmtModify":1676537603248,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Amen!","listText":"Amen!","text":"Amen!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9917949379","repostId":"1104423113","repostType":4,"repost":{"id":"1104423113","pubTimestamp":1665415201,"share":"https://www.laohu8.com/m/news/1104423113?lang=&edition=full","pubTime":"2022-10-10 23:20","market":"us","language":"en","title":"SPY: 2008 Vs. 2022, Does History Repeat Itself?","url":"https://stock-news.laohu8.com/highlight/detail?id=1104423113","media":"Seeking Alpha","summary":"SummaryAs the S&P 500 is testing its EMA200, memories of the crash in 2008 are coming back.The S&P 5","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>As the S&amp;P 500 is testing its EMA200, memories of the crash in 2008 are coming back.</li><li>The S&amp;P 500 reported a three-week losing streak and the worst September since 2002, pushing the SPY under its EMA200 but the last week could be the beginning of a reversal.</li><li>In this analysis, I will compare the situation of the SPY between 2008 and today, based on the underlying conditions of the stock market.</li></ul><p>As I wrote about more extensively in my latest market analysis SPY And QQQ Are Likely Set For A Reversal, since the Second World War, bear markets have been less frequent, with only two since the market crash during the financial crisis, while there have been multiple strong and lasting bull markets. Stock market corrections are instead quite common, with pullbacks of 10% or more in 10 of the past 20 years, but none of them has been disastrous as the market crash in 2008. With the actual market turmoil, memories of the crash in 2008 tend to come back, and we now often read about comparisons of the two situations, with some investors thinking that history will repeat itself, while others believe we are in a different market situation.</p><p>My approach is strictly pondering indicators that I consider the most important when assessing the situation of the major indexes in the US financial markets, as this is not a macroeconomic analysis and instead focuses on the SP500, it is consciously ignoring other economic indicators that may be relevant under another perspective.</p><p><b>The crash in 2008</b></p><p>Looking at the weekly chart of the SP500 tracked by the SPDR S&amp;P 500 Trust ETF (NYSEARCA: SPY), we can indeed ascertain some similarities between the actual chart of the SP500 and the situation that led to the crash in 2008. The index has recently seemingly formed a double bottom while testing its EMA200, strong support, that the index hasn’t broken since the crash in 2020, while its relative strength, measured towards the broader small-cap market tracked by the iShares Russell 2000 ETF (IWM), is declining with increasingly negative momentum.</p><p><img src=\"https://static.tigerbbs.com/dbbd9d1a9cc3dae8b5ac78f5ae508fab\" tg-width=\"640\" tg-height=\"429\" referrerpolicy=\"no-referrer\"/></p><p>Author, using TradingView</p><p>Let’s have a look at what was going on in 2008. The S&amp;P 500 was testing its EMA200 in its third attempt, hinting at a triple bottom, a situation that is notoriously likely a recipe for a disaster. The index was suffering major distribution weeks on increasingly high selling pressure while crossing its EMA200. The relative strength was also sharply declining and the momentum was increasingly negative.</p><p><img src=\"https://static.tigerbbs.com/b1567becf18064b76d0bf59190834d9f\" tg-width=\"640\" tg-height=\"451\" referrerpolicy=\"no-referrer\"/></p><p>Author, using TradingView</p><p>Based on the chart of the SPY, it was indeed in a similar situation as it is now, but let’s see how it played out for the index in the next few weeks.</p><p><img src=\"https://static.tigerbbs.com/394d9394c604cbe27c3f48fd67574d19\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/></p><p>Author, using TradingView</p><p>The SP500 dropped under its EMA200 and crashed by almost 50%. It took the index 574 days to test the EMA200 again, and 840 days to consistently keep the price level over it, as the index recovered and broke even only 32 months later.</p><p><b>Key factors to watch</b></p><p>The Market Breadth is one of my favorite indicators to track the general market’s sentiment and momentum, as it refers to how many stocks are participating in a given move in an index or on a stock exchange. For this purpose, I consider two indicators. The MMFI index shows the percentage of stocks over their 50-day moving average (MAV), while the MMTH reports those over their 200-day MAV at the NYSE.</p><p><img src=\"https://static.tigerbbs.com/981501794e53b031b96d4b599d6436c7\" tg-width=\"640\" tg-height=\"196\" referrerpolicy=\"no-referrer\"/></p><p>Author, using TradingView</p><p>At the time the SP500 was testing its EMA200 in 2008, the situation was quite different when considering the market breadth both the MMFI and the MMTH were rapidly declining from higher levels, as the stocks in the SP500 were still priced relatively higher than they are today, compared to their moving averages, while recently the stocks have been heavily sold off and are now giving signs of a possible reversal.</p><p><img src=\"https://static.tigerbbs.com/7ef7869bbc8f4df286a6c1e3ab5d6aca\" tg-width=\"640\" tg-height=\"205\" referrerpolicy=\"no-referrer\"/></p><p>Author, using TradingView</p><p>The CBOE Volatility Index (VIX) tends to be lower in bull markets and higher in bear markets, often dropping when the broader market rallies and soaring when stocks plunge. In 2008 the VIX was increasing but still significantly lower than in the actual situation, as in the past months the index was hovering between levels of 20 and 30, with sporadic spikes above as nervousness on the markets increased.</p><p><img src=\"https://static.tigerbbs.com/c5bd28c155c8c083b94a1025fc04796c\" tg-width=\"640\" tg-height=\"194\" referrerpolicy=\"no-referrer\"/></p><p>Author, using TradingView</p><p>The SPDR Bloomberg Barclays High Yield Bond ETF (JNK), which tracks highly liquid, high-yield, US dollar-denominated corporate bonds, is normally dropping with increasing risk-aversion on the markets, as investors tend to sell high-risk corporate debt, causing the price of the bonds to drop as their yield increase. The recent levels are showing a high-risk aversion and are close to the bottom levels recorded during the pandemic market crash. In 2008 instead, the risk appetite was seemingly still very high, as high-yield bonds were still in demand and their price significantly higher.</p><p><img src=\"https://static.tigerbbs.com/3057201f65504da5e514ffd43daf4465\" tg-width=\"640\" tg-height=\"195\" referrerpolicy=\"no-referrer\"/></p><p>Source: Author, using TradingView</p><p>In 2008 the JNK crashed in the months after the SP500 crossed its EMA200 to the levels we already saw in the pandemic crash and we see again today, underscoring the magnitude of the crash in 2008, but the actual price of the index is also hinting at the extremely high risk aversion we are already experiencing in the last few months.</p><p><b>The bottom line</b></p><p>The S&amp;P 500 has recently suffered its worst week since March 2020, with the index reporting a three-week losing streak and the worst September since 2022, pushing the SPY under its EMA200 which is now being tested as possible resistance. Although the chart of the S&amp;P 500 is hinting at some similarities in the price action, the underlying situation in the markets cannot be considered similar when comparing the pre-crash in 2008 with the situation we have today. Not only are there huge differences in the risk aversion of the market participants, but the components of the S&amp;P 500 were also priced differently at the moment when the index was testing its major support level given by its EMA200.</p><p>The average bear market extends over 288 days and despite more indicators needing to be observed to conclude in this sense, the likelihood of being already over the worst part of it is increasingly high, as the S&amp;P 500 has been in a bear market for 275 days. Can it become worse? We are definitely in a high-risk environment where multiple exogenous factors such as the international crisis caused by the war in Ukraine which seems to escalate to unprecedented levels of tension, or the high inflation rates recorded in many economies around the world could still negatively affect the markets in the coming months, but the situation cannot be compared to 2008 as the underlying conditions are not the same.</p><p>Based on those indicators, I am considering a position in the SPY, especially as I already wrote in my former analysis, it seems to be oversold at the moment and the risk aversion may have peaked, but I would keep tight stop-losses to limit the downside, as the risks are still considerably high in this market environment.</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>SPY: 2008 Vs. 2022, Does History Repeat Itself?</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\">\nSPY: 2008 Vs. 2022, Does History Repeat Itself?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-10 23:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4545329-spy-2008-vs-2022-does-history-repeat-itself><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAs the S&P 500 is testing its EMA200, memories of the crash in 2008 are coming back.The S&P 500 reported a three-week losing streak and the worst September since 2002, pushing the SPY under its...</p>\n\n<a href=\"https://seekingalpha.com/article/4545329-spy-2008-vs-2022-does-history-repeat-itself\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4545329-spy-2008-vs-2022-does-history-repeat-itself","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104423113","content_text":"SummaryAs the S&P 500 is testing its EMA200, memories of the crash in 2008 are coming back.The S&P 500 reported a three-week losing streak and the worst September since 2002, pushing the SPY under its EMA200 but the last week could be the beginning of a reversal.In this analysis, I will compare the situation of the SPY between 2008 and today, based on the underlying conditions of the stock market.As I wrote about more extensively in my latest market analysis SPY And QQQ Are Likely Set For A Reversal, since the Second World War, bear markets have been less frequent, with only two since the market crash during the financial crisis, while there have been multiple strong and lasting bull markets. Stock market corrections are instead quite common, with pullbacks of 10% or more in 10 of the past 20 years, but none of them has been disastrous as the market crash in 2008. With the actual market turmoil, memories of the crash in 2008 tend to come back, and we now often read about comparisons of the two situations, with some investors thinking that history will repeat itself, while others believe we are in a different market situation.My approach is strictly pondering indicators that I consider the most important when assessing the situation of the major indexes in the US financial markets, as this is not a macroeconomic analysis and instead focuses on the SP500, it is consciously ignoring other economic indicators that may be relevant under another perspective.The crash in 2008Looking at the weekly chart of the SP500 tracked by the SPDR S&P 500 Trust ETF (NYSEARCA: SPY), we can indeed ascertain some similarities between the actual chart of the SP500 and the situation that led to the crash in 2008. The index has recently seemingly formed a double bottom while testing its EMA200, strong support, that the index hasn’t broken since the crash in 2020, while its relative strength, measured towards the broader small-cap market tracked by the iShares Russell 2000 ETF (IWM), is declining with increasingly negative momentum.Author, using TradingViewLet’s have a look at what was going on in 2008. The S&P 500 was testing its EMA200 in its third attempt, hinting at a triple bottom, a situation that is notoriously likely a recipe for a disaster. The index was suffering major distribution weeks on increasingly high selling pressure while crossing its EMA200. The relative strength was also sharply declining and the momentum was increasingly negative.Author, using TradingViewBased on the chart of the SPY, it was indeed in a similar situation as it is now, but let’s see how it played out for the index in the next few weeks.Author, using TradingViewThe SP500 dropped under its EMA200 and crashed by almost 50%. It took the index 574 days to test the EMA200 again, and 840 days to consistently keep the price level over it, as the index recovered and broke even only 32 months later.Key factors to watchThe Market Breadth is one of my favorite indicators to track the general market’s sentiment and momentum, as it refers to how many stocks are participating in a given move in an index or on a stock exchange. For this purpose, I consider two indicators. The MMFI index shows the percentage of stocks over their 50-day moving average (MAV), while the MMTH reports those over their 200-day MAV at the NYSE.Author, using TradingViewAt the time the SP500 was testing its EMA200 in 2008, the situation was quite different when considering the market breadth both the MMFI and the MMTH were rapidly declining from higher levels, as the stocks in the SP500 were still priced relatively higher than they are today, compared to their moving averages, while recently the stocks have been heavily sold off and are now giving signs of a possible reversal.Author, using TradingViewThe CBOE Volatility Index (VIX) tends to be lower in bull markets and higher in bear markets, often dropping when the broader market rallies and soaring when stocks plunge. In 2008 the VIX was increasing but still significantly lower than in the actual situation, as in the past months the index was hovering between levels of 20 and 30, with sporadic spikes above as nervousness on the markets increased.Author, using TradingViewThe SPDR Bloomberg Barclays High Yield Bond ETF (JNK), which tracks highly liquid, high-yield, US dollar-denominated corporate bonds, is normally dropping with increasing risk-aversion on the markets, as investors tend to sell high-risk corporate debt, causing the price of the bonds to drop as their yield increase. The recent levels are showing a high-risk aversion and are close to the bottom levels recorded during the pandemic market crash. In 2008 instead, the risk appetite was seemingly still very high, as high-yield bonds were still in demand and their price significantly higher.Source: Author, using TradingViewIn 2008 the JNK crashed in the months after the SP500 crossed its EMA200 to the levels we already saw in the pandemic crash and we see again today, underscoring the magnitude of the crash in 2008, but the actual price of the index is also hinting at the extremely high risk aversion we are already experiencing in the last few months.The bottom lineThe S&P 500 has recently suffered its worst week since March 2020, with the index reporting a three-week losing streak and the worst September since 2022, pushing the SPY under its EMA200 which is now being tested as possible resistance. Although the chart of the S&P 500 is hinting at some similarities in the price action, the underlying situation in the markets cannot be considered similar when comparing the pre-crash in 2008 with the situation we have today. Not only are there huge differences in the risk aversion of the market participants, but the components of the S&P 500 were also priced differently at the moment when the index was testing its major support level given by its EMA200.The average bear market extends over 288 days and despite more indicators needing to be observed to conclude in this sense, the likelihood of being already over the worst part of it is increasingly high, as the S&P 500 has been in a bear market for 275 days. Can it become worse? We are definitely in a high-risk environment where multiple exogenous factors such as the international crisis caused by the war in Ukraine which seems to escalate to unprecedented levels of tension, or the high inflation rates recorded in many economies around the world could still negatively affect the markets in the coming months, but the situation cannot be compared to 2008 as the underlying conditions are not the same.Based on those indicators, I am considering a position in the SPY, especially as I already wrote in my former analysis, it seems to be oversold at the moment and the risk aversion may have peaked, but I would keep tight stop-losses to limit the downside, as the risks are still considerably high in this market environment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993829171,"gmtCreate":1660663567896,"gmtModify":1676536374658,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Buying In ProShares TQQQ And SQQQ ETFs Appears To Confirm A New Bull Market","listText":"Buying In ProShares TQQQ And SQQQ ETFs Appears To Confirm A New Bull Market","text":"Buying In ProShares TQQQ And SQQQ ETFs Appears To Confirm A New Bull Market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993829171","repostId":"1105779322","repostType":4,"repost":{"id":"1105779322","pubTimestamp":1660662275,"share":"https://www.laohu8.com/m/news/1105779322?lang=&edition=full","pubTime":"2022-08-16 23:04","market":"us","language":"en","title":"Buying In ProShares TQQQ And SQQQ ETFs Appears To Confirm A New Bull Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1105779322","media":"seekingalpha","summary":"SummaryPurchase levels of the largest ProShares ETF (TQQQ) and the largest ProShares short ETF stron","content":"<html><head></head><body><h2>Summary</h2><ul><li>Purchase levels of the largest ProShares ETF (TQQQ) and the largest ProShares short ETF strongly indicate a new bull market.</li><li>We’ll show why it’s a positive indicator that outstanding shares of TQQQ are near record levels.</li><li>The Master Sentiment Index (MSI), made from seven classic sentiment indicators, is still bearish and continues to point to further price gains.</li></ul><p><img src=\"https://static.tigerbbs.com/70fadd4ce643884157664aa63f470430\" tg-width=\"750\" tg-height=\"422\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><b>ProShares UltraPro QQQ ETF (</b><b>NASDAQ:TQQQ</b><b>) andProShares UltraPro Short QQQ ETF(</b><b>NASDAQ:SQQQ</b><b>)</b></p><p>These two ETFs, with assets of $16 billion and $4.5 billion respectively, account for almost a third of the value of the 137 funds in the ProShares family. They arehighly leveraged ETF’s, which try to return three times the performance of the NASDAQ QQQ. TQQQ is long theQQQand the SQQQ short, meaning it tries to go up three times the amount of a market decline in QQQ. Following investor buying in these two funds has provided insight in the past into where the stock market was about to go.</p><p>Let’s see what the current numbers are saying.</p><p><b>TQQQ</b></p><p><img src=\"https://static.tigerbbs.com/b93fa6ba1ee979b11a2d8ac20fb6ad1e\" tg-width=\"640\" tg-height=\"394\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TQQQ Shares Outstanding(Michael McDonald)</p><p>This chart plots the number of TQQQ shares outstanding against its price back to 2014. When more investors enter the fund then leave it, the number of shares increase. When more investors leave the fund then buy it, the number declines. In truth it’s more the amount of money going in and out of the ETF that’s important, not so much the number of investors, but these two correlate.</p><p>As the chart clearly shows, important stock market bottoms seem to occur when the greatest number of shares of TQQQ are outstanding. Three major market bottoms occurred since 2014 each accompanied by a surge in shares outstanding. The three include the COVID induced, 2020 March bottom. While this is opposite what one might expect using the theory of contrary opinion, one cannot deny the data.</p><p>June recorded a record number of shares at 450 million and at 430 million as of August 12, it has stayed near this high-level. We believe this fact is important confirmation that this stock market will move higher.</p><p><img src=\"https://static.tigerbbs.com/fbd42b030c1477b963f6ef4bc37709ff\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TQQQ Investors Cash Flow(Michael McDonald)</p><p>This graph plots the cash flow of TQQQ, which is the amount of money moving into or out of the fund. Points above the zero line represent money going into the fund, points below it represent net money going out. It is this cash flow accumulating over time that produces the number of shares outstanding shown in the previous chart. This chart clearly shows the huge amount of money that poured into the ETF on the first and second downward price waves.</p><p>The curve just went to a small net outflow late last week, but this in the past has been a normal occurrence as prices advanced off a major bottom.</p><p>This investor data on TQQQ confirms what investor data in SQQQ has also been saying. We presented this data on SQQQ inan SA articletwo weeks ago, which we’ll summarize and update here.</p><p><b>SQQQ</b></p><p>investor activity in SQQQ does validate and follow the theory of contrary opinion. Heavy buying in this fund, which goes short the QQQ in a highly leveraged fashion, almost always occurs at major stock market bottoms. The chart below shows this.</p><p><img src=\"https://static.tigerbbs.com/12228e795c76d315bc47551428758af4\" tg-width=\"640\" tg-height=\"386\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Buying in SQQQ as % of Assets(Michael McDonald)</p><p>It plots the amount of buying in the fund as a percentage of the fund’s assets back to 2014. It’s graphed against the QQQ for comparison. The black arrows indicate high levels of investor buying in this fund. Each peak in buying occurred at a significant turning point in the market. The highest point of buying in this leveraged short ETF occurred in late May very close to the recent market bottom.</p><p>We believe investor activity in these two ETF’s are confirming what we been saying now for a month and a half - that the May-June Lows represented the start of a new bull market.</p><p><b>MSI</b></p><p>We presented the Master Sentiment Index (MSI) in aJuly 28th SA articlepointing to the belief it was indicating the start of a new bull market. The MSI is a composite sentiment index made from seven classic sentiment indicators including puts to calls ratios, commitment of trader’s data and AAII bull-bear surveys. The index goes from +10 to -10, with +10 representing the greatest amount of bullish sentiment and -10 the greatest amount bearish sentiment.</p><p>The chart below shows this composite back to 2006. The graph below it shows the composite in greater detail from 2018 to present (August 12th).</p><p><img src=\"https://static.tigerbbs.com/05a9b01318021a25e793757bc7e971a0\" tg-width=\"640\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Long Term MSI Index(Michael McDonald)</p><p><img src=\"https://static.tigerbbs.com/dc1fe927edc7a4d0d5340674bd2660c4\" tg-width=\"640\" tg-height=\"436\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>MSI Shorter Term View(Michael McDonald)</p><p>Notice that the MSI went to greater bearish extremes in May and June than any time since 2006, including the great bear market of 2009. Remember, this is a contrary opinion indicator, which holds that major market bottoms occur when you get extreme levels of bearish sentiment. The table below shows the ranking of each one of the components that make up the composite.</p><p><img src=\"https://static.tigerbbs.com/30db4209da219a60fcf28f2fc73766bc\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>MSI Composite Indicator Table(Michael McDonald)</p><p>The latest reading of the MSI as of August 12th is -6.1, which is a very low level considering the size of the market rally that’s occurred since the May-June bottom.</p><p><b>Conclusion</b></p><p>We believe all these statistics continue to point to, and confirm, that we have started into a new bull market. While the possibility exists that extreme global events, both politically and militarily, might occur that would drive prices to new lows; in the absence of this, we think the market has made its lows.</p><p>This would once again confirm the well established fact that markets almost always bottom at the start of, or in the middle of, a recession.</p></body></html>","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>Buying In ProShares TQQQ And SQQQ ETFs Appears To Confirm A New Bull Market</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\">\nBuying In ProShares TQQQ And SQQQ ETFs Appears To Confirm A New Bull Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-16 23:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4534777-buying-in-proshares-tqqq-and-sqqq-etfs-appears-to-confirm-new-bull-market?source=apple_sign_in&source=apple_sign_in><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPurchase levels of the largest ProShares ETF (TQQQ) and the largest ProShares short ETF strongly indicate a new bull market.We’ll show why it’s a positive indicator that outstanding shares of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4534777-buying-in-proshares-tqqq-and-sqqq-etfs-appears-to-confirm-new-bull-market?source=apple_sign_in&source=apple_sign_in\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF"},"source_url":"https://seekingalpha.com/article/4534777-buying-in-proshares-tqqq-and-sqqq-etfs-appears-to-confirm-new-bull-market?source=apple_sign_in&source=apple_sign_in","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1105779322","content_text":"SummaryPurchase levels of the largest ProShares ETF (TQQQ) and the largest ProShares short ETF strongly indicate a new bull market.We’ll show why it’s a positive indicator that outstanding shares of TQQQ are near record levels.The Master Sentiment Index (MSI), made from seven classic sentiment indicators, is still bearish and continues to point to further price gains.ProShares UltraPro QQQ ETF (NASDAQ:TQQQ) andProShares UltraPro Short QQQ ETF(NASDAQ:SQQQ)These two ETFs, with assets of $16 billion and $4.5 billion respectively, account for almost a third of the value of the 137 funds in the ProShares family. They arehighly leveraged ETF’s, which try to return three times the performance of the NASDAQ QQQ. TQQQ is long theQQQand the SQQQ short, meaning it tries to go up three times the amount of a market decline in QQQ. Following investor buying in these two funds has provided insight in the past into where the stock market was about to go.Let’s see what the current numbers are saying.TQQQTQQQ Shares Outstanding(Michael McDonald)This chart plots the number of TQQQ shares outstanding against its price back to 2014. When more investors enter the fund then leave it, the number of shares increase. When more investors leave the fund then buy it, the number declines. In truth it’s more the amount of money going in and out of the ETF that’s important, not so much the number of investors, but these two correlate.As the chart clearly shows, important stock market bottoms seem to occur when the greatest number of shares of TQQQ are outstanding. Three major market bottoms occurred since 2014 each accompanied by a surge in shares outstanding. The three include the COVID induced, 2020 March bottom. While this is opposite what one might expect using the theory of contrary opinion, one cannot deny the data.June recorded a record number of shares at 450 million and at 430 million as of August 12, it has stayed near this high-level. We believe this fact is important confirmation that this stock market will move higher.TQQQ Investors Cash Flow(Michael McDonald)This graph plots the cash flow of TQQQ, which is the amount of money moving into or out of the fund. Points above the zero line represent money going into the fund, points below it represent net money going out. It is this cash flow accumulating over time that produces the number of shares outstanding shown in the previous chart. This chart clearly shows the huge amount of money that poured into the ETF on the first and second downward price waves.The curve just went to a small net outflow late last week, but this in the past has been a normal occurrence as prices advanced off a major bottom.This investor data on TQQQ confirms what investor data in SQQQ has also been saying. We presented this data on SQQQ inan SA articletwo weeks ago, which we’ll summarize and update here.SQQQinvestor activity in SQQQ does validate and follow the theory of contrary opinion. Heavy buying in this fund, which goes short the QQQ in a highly leveraged fashion, almost always occurs at major stock market bottoms. The chart below shows this.Buying in SQQQ as % of Assets(Michael McDonald)It plots the amount of buying in the fund as a percentage of the fund’s assets back to 2014. It’s graphed against the QQQ for comparison. The black arrows indicate high levels of investor buying in this fund. Each peak in buying occurred at a significant turning point in the market. The highest point of buying in this leveraged short ETF occurred in late May very close to the recent market bottom.We believe investor activity in these two ETF’s are confirming what we been saying now for a month and a half - that the May-June Lows represented the start of a new bull market.MSIWe presented the Master Sentiment Index (MSI) in aJuly 28th SA articlepointing to the belief it was indicating the start of a new bull market. The MSI is a composite sentiment index made from seven classic sentiment indicators including puts to calls ratios, commitment of trader’s data and AAII bull-bear surveys. The index goes from +10 to -10, with +10 representing the greatest amount of bullish sentiment and -10 the greatest amount bearish sentiment.The chart below shows this composite back to 2006. The graph below it shows the composite in greater detail from 2018 to present (August 12th).Long Term MSI Index(Michael McDonald)MSI Shorter Term View(Michael McDonald)Notice that the MSI went to greater bearish extremes in May and June than any time since 2006, including the great bear market of 2009. Remember, this is a contrary opinion indicator, which holds that major market bottoms occur when you get extreme levels of bearish sentiment. The table below shows the ranking of each one of the components that make up the composite.MSI Composite Indicator Table(Michael McDonald)The latest reading of the MSI as of August 12th is -6.1, which is a very low level considering the size of the market rally that’s occurred since the May-June bottom.ConclusionWe believe all these statistics continue to point to, and confirm, that we have started into a new bull market. While the possibility exists that extreme global events, both politically and militarily, might occur that would drive prices to new lows; in the absence of this, we think the market has made its lows.This would once again confirm the well established fact that markets almost always bottom at the start of, or in the middle of, a recession.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999731108,"gmtCreate":1660589773609,"gmtModify":1676536359214,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Down almost 40% from its ATH, Disney appears to be quite discounted at the moment, even with the last month's rise. With the company on track to report solid earnings for the next several quarters, it is very likely that the stock will continue to appreciate.","listText":"Down almost 40% from its ATH, Disney appears to be quite discounted at the moment, even with the last month's rise. With the company on track to report solid earnings for the next several quarters, it is very likely that the stock will continue to appreciate.","text":"Down almost 40% from its ATH, Disney appears to be quite discounted at the moment, even with the last month's rise. With the company on track to report solid earnings for the next several quarters, it is very likely that the stock will continue to appreciate.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999731108","repostId":"2259902652","repostType":2,"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999731045,"gmtCreate":1660589264992,"gmtModify":1676536359205,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"With the passage of the Inflation Reduction Act by Congress, and its forthcoming signing into law by the president, the federal government is set to provide around $369 billion to speed up the adoption of fossil fuel alternatives. Yet while shares have moved higher in response to this development, further long-term upside may remain.","listText":"With the passage of the Inflation Reduction Act by Congress, and its forthcoming signing into law by the president, the federal government is set to provide around $369 billion to speed up the adoption of fossil fuel alternatives. Yet while shares have moved higher in response to this development, further long-term upside may remain.","text":"With the passage of the Inflation Reduction Act by Congress, and its forthcoming signing into law by the president, the federal government is set to provide around $369 billion to speed up the adoption of fossil fuel alternatives. Yet while shares have moved higher in response to this development, further long-term upside may remain.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999731045","repostId":"2259402750","repostType":2,"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999733722,"gmtCreate":1660589215470,"gmtModify":1676536359199,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"With a strong chance there's an acceleration in the adoption of hydrogen-based clean energy, Plug Power could climb even higher","listText":"With a strong chance there's an acceleration in the adoption of hydrogen-based clean energy, Plug Power could climb even higher","text":"With a strong chance there's an acceleration in the adoption of hydrogen-based clean energy, Plug Power could climb even higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999733722","repostId":"2259402750","repostType":2,"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999733471,"gmtCreate":1660589159096,"gmtModify":1676536359197,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Oppenheimer's Colin Rusch also kept his rating at outperform and his stock price target at $63, which implies a more than doubling from current levels.","listText":"Oppenheimer's Colin Rusch also kept his rating at outperform and his stock price target at $63, which implies a more than doubling from current levels.","text":"Oppenheimer's Colin Rusch also kept his rating at outperform and his stock price target at $63, which implies a more than doubling from current levels.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999733471","repostId":"2258244387","repostType":2,"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869352035,"gmtCreate":1632262098527,"gmtModify":1676530735089,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HLBZ\">$Helbiz, Inc.(HLBZ)$</a>tigerrrrr!!","listText":"<a href=\"https://laohu8.com/S/HLBZ\">$Helbiz, Inc.(HLBZ)$</a>tigerrrrr!!","text":"$Helbiz, Inc.(HLBZ)$tigerrrrr!!","images":[{"img":"https://static.tigerbbs.com/a29600d623ae1b6ad5a094956e785e53","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869352035","isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860293908,"gmtCreate":1632180812304,"gmtModify":1676530717684,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GSKY\">$Greensky Inc.(GSKY)$</a>wow","listText":"<a href=\"https://laohu8.com/S/GSKY\">$Greensky Inc.(GSKY)$</a>wow","text":"$Greensky Inc.(GSKY)$wow","images":[{"img":"https://static.tigerbbs.com/8d0994fd43375bb6b1e2c754246b9f43","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860293908","isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":887459576,"gmtCreate":1632095470595,"gmtModify":1676530698224,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/887459576","repostId":"1129130141","repostType":4,"repost":{"id":"1129130141","pubTimestamp":1632094245,"share":"https://www.laohu8.com/m/news/1129130141?lang=&edition=full","pubTime":"2021-09-20 07:30","market":"us","language":"en","title":"Europe’s OVHcloud Readies Possible $4.7 Billion IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1129130141","media":"The Wall Street Journal","summary":"France-based cloud services provider aims to take advantage of the surge in demand for digital commu","content":"<p>France-based cloud services provider aims to take advantage of the surge in demand for digital communications accelerated by the pandemic</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/870b7544c9d028e5020bb9a3e3bed6b1\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>OVHcloud rents computing, storage and networking capability to users and operates its own fiber-optic network globally.</span></p>\n<p>European cloud-services provider OVHcloud plans to launch a possible initial public offering as soon as Monday that could value the business at more than $4.7 billion, according to people familiar with the matter.</p>\n<p>Based in Roubaix, France, OVHcloud rents computing, storage and networking capability to users, overseeing&nbsp;a network of dozens of data centers across North America, Europe, Singapore and Australia. It also operates its own fiber-optic network globally that the company claims gives it a competitive edge.</p>\n<p>The potential offering comes amid surging demand for web hosting and other cloud services after the coronavirus pandemic pushed businesses and consumers to accelerate the adoption of digital communication to interact.</p>\n<p>The challenge and opportunity for OVHcloud, which was founded in 1999 and is formally known as OVH Groupe, will be convincing investors it has the ability to compete with industry behemoths such as Amazon.com Inc.,Microsoft&nbsp;Corp.’s&nbsp;Azure and Google Cloud, a unit of&nbsp;Alphabet&nbsp;Inc.</p>\n<p>Largely owned by the family of founder and chairman Octave Klaba, the company has built its own in-house server technology, including systems that run water over its processors to cool them.</p>\n<p>An IPO could value OVHcloud at more than €4 billion, equivalent to $4.7 billion, some of the people said. The company won’t make any final decision on whether to proceed with the offering and targeted price and valuation until it is finished gauging investor interest following a series of meetings. The company is expected to list its shares in Paris, if the offering proceeds.</p>\n<p>A spokeswoman for OVHcloud declined to comment on a potential IPO.</p>\n<p>OVHcloud describes itself as the biggest European cloud-hosting provider. Still, it faces stiff competition in its home region from American cloud-services providers, which lead in market share in Europe. In June, Amazon said that Swisscom AG, the Swiss communications and information-technology services company, selected AWS as its preferred public cloud provider for its enterprise IT.</p>\n<p>Overall,Amazon’s cloud infrastructure&nbsp;revenue totaled $26.2 billion in 2020, giving it a 40.8% share of the global market, according to Gartner Inc., a research firm.&nbsp; Microsoft had the next biggest business, generating $12.7 billion for a 19.7% share of the market.</p>\n<p>OVHcloud has been pushing itself as a safe steward for data for European companies and governments that are concerned about the potential that U.S. authorities could access their information. European countries, in particular France and Germany, have been pushing for what they call a sovereign cloud, to give the bloc independence from the U.S. and China.</p>\n<p>To help gain scale, the company has been adding to its business in the U.S. since expanding its presence there in 2017 through the acquisition of a former cloud offering of VMware Inc. In April, OVHcloud added so-called virtual private servers at its data center in Hillsboro, Ore. The infrastructure technology is targeted at developers, IT professionals and gamers.</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>Europe’s OVHcloud Readies Possible $4.7 Billion IPO</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\">\nEurope’s OVHcloud Readies Possible $4.7 Billion IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 07:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/europes-ovhcloud-readies-possible-4-7-billion-ipo-11632082037?mod=hp_lista_pos2><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>France-based cloud services provider aims to take advantage of the surge in demand for digital communications accelerated by the pandemic\nOVHcloud rents computing, storage and networking capability to...</p>\n\n<a href=\"https://www.wsj.com/articles/europes-ovhcloud-readies-possible-4-7-billion-ipo-11632082037?mod=hp_lista_pos2\">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","MSFT":"微软","GOOGL":"谷歌A"},"source_url":"https://www.wsj.com/articles/europes-ovhcloud-readies-possible-4-7-billion-ipo-11632082037?mod=hp_lista_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129130141","content_text":"France-based cloud services provider aims to take advantage of the surge in demand for digital communications accelerated by the pandemic\nOVHcloud rents computing, storage and networking capability to users and operates its own fiber-optic network globally.\nEuropean cloud-services provider OVHcloud plans to launch a possible initial public offering as soon as Monday that could value the business at more than $4.7 billion, according to people familiar with the matter.\nBased in Roubaix, France, OVHcloud rents computing, storage and networking capability to users, overseeing a network of dozens of data centers across North America, Europe, Singapore and Australia. It also operates its own fiber-optic network globally that the company claims gives it a competitive edge.\nThe potential offering comes amid surging demand for web hosting and other cloud services after the coronavirus pandemic pushed businesses and consumers to accelerate the adoption of digital communication to interact.\nThe challenge and opportunity for OVHcloud, which was founded in 1999 and is formally known as OVH Groupe, will be convincing investors it has the ability to compete with industry behemoths such as Amazon.com Inc.,Microsoft Corp.’s Azure and Google Cloud, a unit of Alphabet Inc.\nLargely owned by the family of founder and chairman Octave Klaba, the company has built its own in-house server technology, including systems that run water over its processors to cool them.\nAn IPO could value OVHcloud at more than €4 billion, equivalent to $4.7 billion, some of the people said. The company won’t make any final decision on whether to proceed with the offering and targeted price and valuation until it is finished gauging investor interest following a series of meetings. The company is expected to list its shares in Paris, if the offering proceeds.\nA spokeswoman for OVHcloud declined to comment on a potential IPO.\nOVHcloud describes itself as the biggest European cloud-hosting provider. Still, it faces stiff competition in its home region from American cloud-services providers, which lead in market share in Europe. In June, Amazon said that Swisscom AG, the Swiss communications and information-technology services company, selected AWS as its preferred public cloud provider for its enterprise IT.\nOverall,Amazon’s cloud infrastructure revenue totaled $26.2 billion in 2020, giving it a 40.8% share of the global market, according to Gartner Inc., a research firm.  Microsoft had the next biggest business, generating $12.7 billion for a 19.7% share of the market.\nOVHcloud has been pushing itself as a safe steward for data for European companies and governments that are concerned about the potential that U.S. authorities could access their information. European countries, in particular France and Germany, have been pushing for what they call a sovereign cloud, to give the bloc independence from the U.S. and China.\nTo help gain scale, the company has been adding to its business in the U.S. since expanding its presence there in 2017 through the acquisition of a former cloud offering of VMware Inc. In April, OVHcloud added so-called virtual private servers at its data center in Hillsboro, Ore. The infrastructure technology is targeted at developers, IT professionals and gamers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887459666,"gmtCreate":1632095435655,"gmtModify":1676530698215,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/IRNT\">$LGL Systems Acquisition Corp(IRNT)$</a>super!","listText":"<a href=\"https://laohu8.com/S/IRNT\">$LGL Systems Acquisition Corp(IRNT)$</a>super!","text":"$LGL Systems Acquisition Corp(IRNT)$super!","images":[{"img":"https://static.tigerbbs.com/b7584a5cb5754244ae56a75dd2d27162","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/887459666","isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":273875125481752,"gmtCreate":1707901839812,"gmtModify":1707901843249,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Its a normal pullback. Market has been running hot for 5 straight weeks with added AI frenzy. This had to stop.","listText":"Its a normal pullback. Market has been running hot for 5 straight weeks with added AI frenzy. This had to stop.","text":"Its a normal pullback. Market has been running hot for 5 straight weeks with added AI frenzy. This had to stop.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/273875125481752","isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999731045,"gmtCreate":1660589264992,"gmtModify":1676536359205,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"With the passage of the Inflation Reduction Act by Congress, and its forthcoming signing into law by the president, the federal government is set to provide around $369 billion to speed up the adoption of fossil fuel alternatives. Yet while shares have moved higher in response to this development, further long-term upside may remain.","listText":"With the passage of the Inflation Reduction Act by Congress, and its forthcoming signing into law by the president, the federal government is set to provide around $369 billion to speed up the adoption of fossil fuel alternatives. Yet while shares have moved higher in response to this development, further long-term upside may remain.","text":"With the passage of the Inflation Reduction Act by Congress, and its forthcoming signing into law by the president, the federal government is set to provide around $369 billion to speed up the adoption of fossil fuel alternatives. Yet while shares have moved higher in response to this development, further long-term upside may remain.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999731045","repostId":"2259402750","repostType":2,"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987738638,"gmtCreate":1667988609424,"gmtModify":1676537995182,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9987738638","repostId":"1174844507","repostType":4,"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966705625,"gmtCreate":1669635238367,"gmtModify":1676538216490,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966705625","repostId":"1137126678","repostType":4,"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963754015,"gmtCreate":1668770708437,"gmtModify":1676538111078,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Good news... at last!","listText":"Good news... at last!","text":"Good news... at last!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9963754015","repostId":"1191206867","repostType":4,"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886855142,"gmtCreate":1631581833486,"gmtModify":1676530580859,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Very well!!","listText":"Very well!!","text":"Very well!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886855142","repostId":"1178276551","repostType":4,"repost":{"id":"1178276551","pubTimestamp":1631574947,"share":"https://www.laohu8.com/m/news/1178276551?lang=&edition=full","pubTime":"2021-09-14 07:15","market":"us","language":"en","title":"S&P 500 snaps losing streak with tax hikes, inflation data on horizon","url":"https://stock-news.laohu8.com/highlight/detail?id=1178276551","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p>\n<p>The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p>\n<p>Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p>\n<p>“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p>\n<p>Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p>\n<p>Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&amp;P 500 earnings by 5% in 2022.</p>\n<p>The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p>\n<p>“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p>\n<p>Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p>\n<p>The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&amp;P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p>\n<p>Of the 11 major sectors in the S&amp;P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p>\n<p>Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p>\n<p>Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p>\n<p>Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p>\n<p>Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</p>","source":"lsy1601381805984","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>S&P 500 snaps losing streak with tax hikes, inflation data on horizon</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\">\nS&P 500 snaps losing streak with tax hikes, inflation data on horizon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178276551","content_text":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.\nInvestors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.\n“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”\nMarket participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.\nGoldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.\nThe Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.\n“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”\nOther key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.\nThe Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.\nOf the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.\nShares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.\nCoinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.\nSalesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.\nVolume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917949379,"gmtCreate":1665418970291,"gmtModify":1676537603248,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Amen!","listText":"Amen!","text":"Amen!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9917949379","repostId":"1104423113","repostType":4,"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962076409,"gmtCreate":1669685588701,"gmtModify":1676538222898,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Awesome!!","listText":"Awesome!!","text":"Awesome!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9962076409","repostId":"1111834536","repostType":4,"repost":{"id":"1111834536","pubTimestamp":1669679651,"share":"https://www.laohu8.com/m/news/1111834536?lang=&edition=full","pubTime":"2022-11-29 07:54","market":"us","language":"en","title":"Stock Market Could See \"Fireworks\" Through the End of the Year As Headwinds Have \"Flipped\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1111834536","media":"MarketWatch","summary":"Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the sta","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/fcc42907fa20f90911cf6550a03be011\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee, head of research at Fundstrat Global Advisors.</p><p>“The Thanksgiving holiday has ended and now markets are entering the final key weeks of 2022,” said Lee, head of research at Fundstrat, in a note Monday. “While many may be tempted to ‘close the books’ for the year, we think the final 5 weeks will be ‘fireworks.’”</p><p>In Lee’s view, 11 headwinds that this year helped drive the S&amp;P 500 index to a 2022 low in October, including surging oil prices and the Federal Reserve’s hurry to lift interest rates higher to battle soaring inflation, “have all flipped.” On Monday morning, U.S. oil was trading at the lowest price of 2022 amid protests in China over the country’s strict rules aimed at curbing the spread of COVID-19, restrictions that investors fear will hurt consumption and economic growth.</p><p>Lee said he saw the easing of inflation in October, as measured by the consumer price index, as a “game changer” for markets, with the case for “a sustainable rally in equities” being the strongest that it’s been so far this year. Here are the 2022 headwinds that Lee sees becoming tailwinds.</p><p><img src=\"https://static.tigerbbs.com/c29b9d2a4ebedf7f9405f7f2b75e4b25\" tg-width=\"700\" tg-height=\"354\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Lee said that softer inflation seen in October appears “repeatable” and that the easing of price pressures should be “sufficient” for the Fed to slow its rapid pace of rate hikes, with December potentially being the last increase. Also, “if inflation is ‘as bad as 1980s’ I would have thought midterms would have been an incumbent massacre,” Lee said of the recent U.S. elections.</p><p>He said that other recent signals point to “a far different path forward for markets,” including “collapsing” volatility in the bond market and a relatively large decline in the U.S. dollar.  Lee pointed to the plunge in the CBOE 20+ Year Treasury Bond ETF Volatility Index, saying he anticipated that a further decline would support the S&amp;P 500 soaring to 4,400 to 4,500 by year-end.</p><p>The S&amp;P 500 ended Friday down 15.5% for the year, but up more than 12% from its 2022 closing low on Oct. 12, according to Dow Jones Market Data.</p><p>U.S. stocks traded lower on Monday, with the S&amp;P 500 SPX, -1.54% down 0.8% at around 3,995, according to FactSet data. In the bond market, 10-year Treasury yields TMUBMUSD10Y, 3.684% were flat at 3.69% around midday Monday, while two-year yields TMUBMUSD02Y, 4.442% fell about five basis points to 4.43%.</p><p>U.S. yields have recently seen a “massive decline ranking in the bottom 1% largest downside moves in the past 50-years,” said Lee. The odds are rising that 10-year and 2-year yields may be past their peaks, potentially supporting an expansion in price-to-earnings multiples in stocks, according to his note.</p><p>“Skeptics will say “growth is the problem now” and point to downside” in the S&amp;P 500’s earnings per share, or EPS, said Lee.  But the index historically has “bottomed 11-12 months before EPS troughs,” he said. “So EPS is lagging.”</p></body></html>","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>Stock Market Could See \"Fireworks\" Through the End of the Year As Headwinds Have \"Flipped\"</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\">\nStock Market Could See \"Fireworks\" Through the End of the Year As Headwinds Have \"Flipped\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-29 07:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-could-see-fireworks-through-the-end-of-the-year-as-headwinds-have-flipped-fundstrats-tom-lee-says-11669656362?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee, head of research at ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-could-see-fireworks-through-the-end-of-the-year-as-headwinds-have-flipped-fundstrats-tom-lee-says-11669656362?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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/stock-market-could-see-fireworks-through-the-end-of-the-year-as-headwinds-have-flipped-fundstrats-tom-lee-says-11669656362?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111834536","content_text":"Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee, head of research at Fundstrat Global Advisors.“The Thanksgiving holiday has ended and now markets are entering the final key weeks of 2022,” said Lee, head of research at Fundstrat, in a note Monday. “While many may be tempted to ‘close the books’ for the year, we think the final 5 weeks will be ‘fireworks.’”In Lee’s view, 11 headwinds that this year helped drive the S&P 500 index to a 2022 low in October, including surging oil prices and the Federal Reserve’s hurry to lift interest rates higher to battle soaring inflation, “have all flipped.” On Monday morning, U.S. oil was trading at the lowest price of 2022 amid protests in China over the country’s strict rules aimed at curbing the spread of COVID-19, restrictions that investors fear will hurt consumption and economic growth.Lee said he saw the easing of inflation in October, as measured by the consumer price index, as a “game changer” for markets, with the case for “a sustainable rally in equities” being the strongest that it’s been so far this year. Here are the 2022 headwinds that Lee sees becoming tailwinds.Lee said that softer inflation seen in October appears “repeatable” and that the easing of price pressures should be “sufficient” for the Fed to slow its rapid pace of rate hikes, with December potentially being the last increase. Also, “if inflation is ‘as bad as 1980s’ I would have thought midterms would have been an incumbent massacre,” Lee said of the recent U.S. elections.He said that other recent signals point to “a far different path forward for markets,” including “collapsing” volatility in the bond market and a relatively large decline in the U.S. dollar.  Lee pointed to the plunge in the CBOE 20+ Year Treasury Bond ETF Volatility Index, saying he anticipated that a further decline would support the S&P 500 soaring to 4,400 to 4,500 by year-end.The S&P 500 ended Friday down 15.5% for the year, but up more than 12% from its 2022 closing low on Oct. 12, according to Dow Jones Market Data.U.S. stocks traded lower on Monday, with the S&P 500 SPX, -1.54% down 0.8% at around 3,995, according to FactSet data. In the bond market, 10-year Treasury yields TMUBMUSD10Y, 3.684% were flat at 3.69% around midday Monday, while two-year yields TMUBMUSD02Y, 4.442% fell about five basis points to 4.43%.U.S. yields have recently seen a “massive decline ranking in the bottom 1% largest downside moves in the past 50-years,” said Lee. The odds are rising that 10-year and 2-year yields may be past their peaks, potentially supporting an expansion in price-to-earnings multiples in stocks, according to his note.“Skeptics will say “growth is the problem now” and point to downside” in the S&P 500’s earnings per share, or EPS, said Lee.  But the index historically has “bottomed 11-12 months before EPS troughs,” he said. “So EPS is lagging.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869352035,"gmtCreate":1632262098527,"gmtModify":1676530735089,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HLBZ\">$Helbiz, Inc.(HLBZ)$</a>tigerrrrr!!","listText":"<a href=\"https://laohu8.com/S/HLBZ\">$Helbiz, Inc.(HLBZ)$</a>tigerrrrr!!","text":"$Helbiz, Inc.(HLBZ)$tigerrrrr!!","images":[{"img":"https://static.tigerbbs.com/a29600d623ae1b6ad5a094956e785e53","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869352035","isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":884925217,"gmtCreate":1631848706139,"gmtModify":1676530652081,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Go go go!!!","listText":"Go go go!!!","text":"Go go go!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884925217","repostId":"1188059484","repostType":4,"repost":{"id":"1188059484","pubTimestamp":1631846138,"share":"https://www.laohu8.com/m/news/1188059484?lang=&edition=full","pubTime":"2021-09-17 10:35","market":"us","language":"en","title":"PLTR Stock Pushes Higher on Connected Vehicle Partnership","url":"https://stock-news.laohu8.com/highlight/detail?id=1188059484","media":"investorplace","summary":"Palantir Technologies(NYSE:PLTR) stock is on the move Thursday following news of a deal with Wejo to","content":"<p><b>Palantir Technologies</b>(NYSE:<b><u>PLTR</u></b>) stock is on the move Thursday following news of a deal with Wejo to create an integrated data ecosystem for the automotive industry.</p>\n<p><b>Wejo</b>is a global leader in connected vehicle data that is on its way to a public listing. The company has signed a merger agreement with special purpose acquisition company (SPAC)&nbsp;<b>Virtuoso Acquisition</b>(NASDAQ:<b><u>VOSO</u></b>).</p>\n<p>The deal between Wejo and Palantir Technologies will&nbsp;combine the former’s data asset with the latter’s Foundry platform. This should allow the two to illuminate use cases from the 16 billion data points per day that Wejo collects.</p>\n<p>Sarah Larner, executive vice president of Strategy &amp; Innovation at Wejo, said the following about the deal boosting PLTR stock higher today.</p>\n<blockquote>\n “The partnership between Wejo and Palantir is ultimately about delivering on the promise of connected vehicle data to improve the way we live, work, and travel for the better. It’s about putting our DataForGoodTM products and services to work, and making a safer and better transportation experience. The partnership is accelerating the invaluable connected vehicle data insights we can give.”\n</blockquote>\n<p>PLTR stock is seeing heavy trading today following news of its deal with Wejo. As of this writing, more than 41 million shares of the stock have changed hands. This is quickly approaching the company’s daily average trading volume of 42.2 million shares.</p>\n<p>PLTR stock was up 4.8% as of Thursday morning and is up 21.4% since the start of the year.</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>PLTR Stock Pushes Higher on Connected Vehicle Partnership</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\">\nPLTR Stock Pushes Higher on Connected Vehicle Partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 10:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/pltr-stock-pushes-higher-on-connected-vehicle-partnership/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies(NYSE:PLTR) stock is on the move Thursday following news of a deal with Wejo to create an integrated data ecosystem for the automotive industry.\nWejois a global leader in ...</p>\n\n<a href=\"https://investorplace.com/2021/09/pltr-stock-pushes-higher-on-connected-vehicle-partnership/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://investorplace.com/2021/09/pltr-stock-pushes-higher-on-connected-vehicle-partnership/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188059484","content_text":"Palantir Technologies(NYSE:PLTR) stock is on the move Thursday following news of a deal with Wejo to create an integrated data ecosystem for the automotive industry.\nWejois a global leader in connected vehicle data that is on its way to a public listing. The company has signed a merger agreement with special purpose acquisition company (SPAC) Virtuoso Acquisition(NASDAQ:VOSO).\nThe deal between Wejo and Palantir Technologies will combine the former’s data asset with the latter’s Foundry platform. This should allow the two to illuminate use cases from the 16 billion data points per day that Wejo collects.\nSarah Larner, executive vice president of Strategy & Innovation at Wejo, said the following about the deal boosting PLTR stock higher today.\n\n “The partnership between Wejo and Palantir is ultimately about delivering on the promise of connected vehicle data to improve the way we live, work, and travel for the better. It’s about putting our DataForGoodTM products and services to work, and making a safer and better transportation experience. The partnership is accelerating the invaluable connected vehicle data insights we can give.”\n\nPLTR stock is seeing heavy trading today following news of its deal with Wejo. As of this writing, more than 41 million shares of the stock have changed hands. This is quickly approaching the company’s daily average trading volume of 42.2 million shares.\nPLTR stock was up 4.8% as of Thursday morning and is up 21.4% since the start of the year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885997168,"gmtCreate":1631750225554,"gmtModify":1676530623468,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Good move!","listText":"Good move!","text":"Good move!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885997168","repostId":"2167403590","repostType":4,"repost":{"id":"2167403590","pubTimestamp":1631748660,"share":"https://www.laohu8.com/m/news/2167403590?lang=&edition=full","pubTime":"2021-09-16 07:31","market":"us","language":"en","title":"U.S. officials to hold semiconductor supply chain meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2167403590","media":"StreetInsider","summary":"WASHINGTON  - U.S. Commerce Secretary Gina Raimondo and White House economic adviser Brian Deese will host a semiconductor supply chain meeting convening at the White House on Sept. 23, the Commerce Department said.The department said in a statement that officials would discuss the ongoing global chip shortage and the impact the Delta variant has had on global semiconductor supply chains.Invitees will include producers, consumers and industry groups.","content":"<p>WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo and White House economic adviser Brian Deese will host a semiconductor supply chain meeting convening at the White House on Sept. 23, the Commerce Department said.</p>\n<p>The department said in a statement that officials would discuss the ongoing global chip shortage and the impact the Delta variant has had on global semiconductor supply chains.</p>\n<p>Invitees will include producers, consumers and industry groups.</p>","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>U.S. officials to hold semiconductor supply chain meeting</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\">\nU.S. officials to hold semiconductor supply chain meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 07:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18946271><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo and White House economic adviser Brian Deese will host a semiconductor supply chain meeting convening at the White House on Sept. 23, the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18946271\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRCM":"博通","INTC":"英特尔","NVDA":"英伟达"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18946271","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167403590","content_text":"WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo and White House economic adviser Brian Deese will host a semiconductor supply chain meeting convening at the White House on Sept. 23, the Commerce Department said.\nThe department said in a statement that officials would discuss the ongoing global chip shortage and the impact the Delta variant has had on global semiconductor supply chains.\nInvitees will include producers, consumers and industry groups.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966041975,"gmtCreate":1669357788298,"gmtModify":1676538188521,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Too bad!!","listText":"Too bad!!","text":"Too bad!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966041975","repostId":"1102414813","repostType":4,"repost":{"id":"1102414813","pubTimestamp":1669338003,"share":"https://www.laohu8.com/m/news/1102414813?lang=&edition=full","pubTime":"2022-11-25 09:00","market":"us","language":"en","title":"Tesla: The Bubble Is Popping","url":"https://stock-news.laohu8.com/highlight/detail?id=1102414813","media":"Seeking Alpha","summary":"SummaryTesla has seen its shares underperform widely in 2022 so far.The company faces a wide range of issues, including declining prices, slowing demand, and so on.Tesla is still not cheap despite the","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla has seen its shares underperform widely in 2022 so far.</li><li>The company faces a wide range of issues, including declining prices, slowing demand, and so on.</li><li>Tesla is still not cheap despite the hefty pullback in 2022. Shares could fall further.</li></ul><p><b>Article Thesis</b></p><p>Tesla (NASDAQ: TSLA) is one of the companies that benefitted the most from ultra-low interest rates and that saw its market capitalization expand massively during the pandemic-impacted years 2020 and 2021. Things are changing, however, and Tesla has vastly underperformed the market so far this year. A multitude of issues hurts Tesla&#39;s near-term and longer-term outlook, and since shares are not cheap despite the share price drop this year, there is further downside potential.</p><p><b>Tesla Is Facing Many Issues</b></p><p>Let&#39;s start with something positive: Tesla is a leading EV player that will generate compelling business growth this year and that operates with above-average margins. That&#39;s a pretty strong result for a company that has not been around for many decades.</p><p>That being said, Tesla is facing a range of headwinds in the coming quarters and years, some of them company-specific, while others are driven by an adverse macro environment. Let&#39;s take a look at some of the key issues that could be a problem for Tesla going forward:</p><p><b>Pricing And Demand Problems In China</b></p><p>China is, by far, the most important country for Tesla, both when it comes to production and when it comes to sales. Tesla&#39;s factory in China is its most profitable one, making Tesla&#39;s China business integral to the company as a whole. In China, Tesla is seemingly facing considerable headwinds.</p><p>The company has been lowering prices repeatedly over the last couple of months, and yet, demand has not been as strong as Tesla hoped it would be, some reports suggest. See, for example, the following excerpt from a report from Seeking Alpha:</p><p><img src=\"https://static.tigerbbs.com/6b28c18f93d3e288dcab7d0fb0d75c67\" tg-width=\"598\" tg-height=\"130\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Ideally, investors want to invest in companies with pricing power, where customers are buying up products even as prices increase. Think, for example, Apple&#39;s (AAPL) ability to sell more and more iPhones despite rising prices. Tesla has lowered the price of its vehicles in China repeatedly, and yet it looks like demand is waning. After all, there&#39;s a wide range of reports that show that delivery times of Tesla&#39;s vehicles are declining. This, in turn, suggests that Tesla&#39;s backlog is shrinking, i.e. fewer new orders are coming in relative to the vehicles Tesla produces.</p><p>The combination of declining delivery times and declining prices suggests trouble for Tesla in its most important market. Either, the company will have to lower prices further in order to revive demand, which would put even more pressure on margins, or Tesla could face a situation where it cannot fill capacity, as there aren&#39;t enough orders once Tesla has worked through its backlog. Both situations suggest that profitability in Tesla&#39;s most important market could come under pressure in the coming quarters.</p><p><b>Reliance On China</b></p><p>There&#39;s also another China-specific risk. Apart from China-based equities, which are oftentimes priced for disaster today, Tesla could be one of the most exposed companies to this macro risk. It relies heavily on China for manufacturing, it relies heavily on China for sales, as China is the largest EV market in the world, and due to China&#39;s dominance when it comes to battery production and all kinds of materials, Tesla also relies heavily on China for supplies. It seems possible that investors will increasingly factor this into their investment decisions, which could result in share price headwinds for Tesla.</p><p><b>Growing Competition</b></p><p>Another risk factor for Tesla is rising competition. It&#39;s true that competition has been a bear argument for years, but it increasingly looks like this is now, in fact, becoming a problem. Not only has Tesla lost the advantage in the highly important electric truck business, as its Cybertruck is still not available while competitors Ford (F) and Rivian (RIVN) are successfully selling their electric pickups, but Tesla is also at risk of losing its leadership position in the EV space, overall. BYD (OTCPK: BYDDY)(OTCPK: BYDDF) has emerged as an extremely capable, fast-growing EV player that could sell more EVs next year, even when we do not count plug-in hybrids. In October, BYDsold103,000 pure EVs (220,000 including PHEVs), with a growth rate of 150% year over year. That annualizes at more than 1.2 million, with a growth rate that is way higher than the growth rate Tesla has achieved in the recent past. If these trends continue, BYD will easily become the leader in the global EV space by volume, which could put pressure on Tesla&#39;s margins (as BYD could lower market-wide prices thanks to better scale), and which could also result in less interest in Tesla by investors.</p><p>Add other emerging competitors both on the high end, such as Lucid (LCID), and in the value segment (e.g. XPeng (XPEV)), and the picture could be getting worse for Tesla.</p><p><b>Musk&#39;s Behavior</b></p><p>Elon Musk, Tesla&#39;s CEO, is a controversial person. He has many fans, but he also has many critics. And recent things he did could have a negative impact on Tesla&#39;s future performance, I believe.</p><p>First, his actions as the new owner of Twitter did not make everyone happy. Some reacted very negatively to the changes he brought -- it&#39;s possible that this will make some people reconsider buying another EV from Tesla. His suggestions for a peace plan in Ukraine also resulted in some negative PR, which could further reduce the number of people willing to buy from his companies. These controversial actions also could result in more scrutiny by regulators.</p><p>Second, he is now very occupied with Twitter, which will arguably mean that he has less time guiding Tesla. When his time is diverted across many different projects, that could negatively influence the decisions he makes, which could hurt Tesla in the long run.</p><p>Last but not least, Musk continues to sell parts of his stake in Tesla -- despite the fact that hestated that he was &#34;almost done selling&#34; one year ago. Ongoing selling by the most important insider could hurt sentiment further -- that has already been visible in some statements, comments, etc. from investors, and if Musk continues to sell shares, that will likely accelerate.</p><p>So while Elon Musk surely had a large positive impact on Tesla&#39;s performance in the past, Elon Musk&#39;s importance as a Tesla insider also poses a risk for investors that shouldn&#39;t be neglected.</p><p><b>The Macro Environment Is Far From Great</b></p><p>Another problem for Tesla is that the macro environment in many parts of the world isn&#39;t great. Lockdowns in China hurt demand and consumer sentiment, while an energy crisis in Europe and record-high inflation will hurt consumers&#39; ability to buy high-priced vehicles. In the US, inflation remains well above the norm as well, pressuring real disposable income:</p><p><img src=\"https://static.tigerbbs.com/788b74c5822453891b0d2ebda7d1387e\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>With consumers being under pressure, their ability and willingness to buy high-end vehicles will likely shrink. Add rising interest rates, and financing a new vehicle becomes even less attractive. With many people expecting a recession in the US in 2023, it is likely that Tesla and other automobile companies will feel headwinds from an adverse macro environment.</p><p><b>Tesla: A Cheap Money Bubble Stock</b></p><p>Over the last couple of years, and especially in 2020 and 2021, money was ultra-cheap. With interest rates at a very low level, and with investors being interested in ESG themes, higher-growth story stocks such as Tesla saw their valuations expand massively:</p><p><img src=\"https://static.tigerbbs.com/e921162860df808f7e3ecd1edbc10886\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Between early 2017 and early 2022, Tesla saw its revenue grow by an attractive 670%. Its market capitalization, however, expanded by more than 3,000% -- there clearly was a big disconnect between Tesla&#39;s underlying performance and the way the market valued the company. As we can see in the above chart, that was mainly due to the massive share price gains in 2020 and 2021 -- before that, Tesla&#39;s revenue had outperformed its market capitalization gains.</p><p>When seemingly endless sums of money are flowing into a stock despite the fact that the underlying performance is lagging far behind, that poses the risk of creating a bubble. Similar issues were visible in other EV stocks at the time, but Tesla has, by far, been the EV stock with the highest market cap, thus the problem was especially noteworthy here. At the peak, Tesla was trading with a market capitalization north of $1.2 trillion, which was an outrageously high company value not too long ago. Even today, only a small number of companies are trading with a market capitalization this high.</p><p>So far this year, Tesla has declined by close to 60%, destroying hundreds of billions of dollars in value. Those that bought Tesla early on are still easily in positive territory, but for those that bought over the last two years or so, Tesla has been far from a success story -- despite the fact that the company continued to grow its revenue and profit. This reminds me of the performance of Cisco (CSCO) and Microsoft (MSFT) following the bursting of the dot.com bubble -- these companies continued to execute well and grew for many years, but the fact that prices were inflated too much during the bubble still resulted in negative price returns for many years.</p><p><b>Shares Have Gotten Cheaper But Aren&#39;t Cheap</b></p><p>With Tesla trading down almost 60% relative to where shares traded at the beginning of the year, TSLA stock has become a lot cheaper. But that doesn&#39;t mean that Tesla is cheap. Tesla still trades at more than 40x forward net profits, and those estimates could see further downward revisions going forward -- estimates were reduced slightly over the last three months, and more of that could be coming, e.g. due to the negative news from China.</p><p>Many other EV companies are trading at way lower price to sales multiples, which are generally around 2 for NIO (NIO), XPeng, Li Auto (LI), versus a sales multiple of more than 6 for Tesla. BYD, Tesla&#39;s biggest and fastest-growing peer, is trading at just 2x this year&#39;s revenue, too, while growing much faster than Tesla.</p><p>So while Tesla&#39;s downside potential is now more limited than one year ago, it is far from guaranteed that Tesla&#39;s shares will bottom soon. Shares could easily fall further, I believe, especially if earnings estimates start to decline more meaningfully or if other additional negative news emerges.</p><p><b>Takeaway</b></p><p>Buying into stocks that are rising can feel good, but it can also be dangerous. Those that chased Tesla during the COVID bubble have paid a steep price already, as Tesla is down almost 60% so far this year.</p><p>With a wide range of problems, headwinds, and risk factors, Tesla could see its shares decline further, however. Once the bubble has popped, there is no guarantee that a bottom will be reached in a short period of time.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The Bubble Is Popping</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: The Bubble Is Popping\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-25 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560023-tesla-the-bubble-is-popping><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla has seen its shares underperform widely in 2022 so far.The company faces a wide range of issues, including declining prices, slowing demand, and so on.Tesla is still not cheap despite the...</p>\n\n<a href=\"https://seekingalpha.com/article/4560023-tesla-the-bubble-is-popping\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4560023-tesla-the-bubble-is-popping","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102414813","content_text":"SummaryTesla has seen its shares underperform widely in 2022 so far.The company faces a wide range of issues, including declining prices, slowing demand, and so on.Tesla is still not cheap despite the hefty pullback in 2022. Shares could fall further.Article ThesisTesla (NASDAQ: TSLA) is one of the companies that benefitted the most from ultra-low interest rates and that saw its market capitalization expand massively during the pandemic-impacted years 2020 and 2021. Things are changing, however, and Tesla has vastly underperformed the market so far this year. A multitude of issues hurts Tesla's near-term and longer-term outlook, and since shares are not cheap despite the share price drop this year, there is further downside potential.Tesla Is Facing Many IssuesLet's start with something positive: Tesla is a leading EV player that will generate compelling business growth this year and that operates with above-average margins. That's a pretty strong result for a company that has not been around for many decades.That being said, Tesla is facing a range of headwinds in the coming quarters and years, some of them company-specific, while others are driven by an adverse macro environment. Let's take a look at some of the key issues that could be a problem for Tesla going forward:Pricing And Demand Problems In ChinaChina is, by far, the most important country for Tesla, both when it comes to production and when it comes to sales. Tesla's factory in China is its most profitable one, making Tesla's China business integral to the company as a whole. In China, Tesla is seemingly facing considerable headwinds.The company has been lowering prices repeatedly over the last couple of months, and yet, demand has not been as strong as Tesla hoped it would be, some reports suggest. See, for example, the following excerpt from a report from Seeking Alpha:Seeking AlphaIdeally, investors want to invest in companies with pricing power, where customers are buying up products even as prices increase. Think, for example, Apple's (AAPL) ability to sell more and more iPhones despite rising prices. Tesla has lowered the price of its vehicles in China repeatedly, and yet it looks like demand is waning. After all, there's a wide range of reports that show that delivery times of Tesla's vehicles are declining. This, in turn, suggests that Tesla's backlog is shrinking, i.e. fewer new orders are coming in relative to the vehicles Tesla produces.The combination of declining delivery times and declining prices suggests trouble for Tesla in its most important market. Either, the company will have to lower prices further in order to revive demand, which would put even more pressure on margins, or Tesla could face a situation where it cannot fill capacity, as there aren't enough orders once Tesla has worked through its backlog. Both situations suggest that profitability in Tesla's most important market could come under pressure in the coming quarters.Reliance On ChinaThere's also another China-specific risk. Apart from China-based equities, which are oftentimes priced for disaster today, Tesla could be one of the most exposed companies to this macro risk. It relies heavily on China for manufacturing, it relies heavily on China for sales, as China is the largest EV market in the world, and due to China's dominance when it comes to battery production and all kinds of materials, Tesla also relies heavily on China for supplies. It seems possible that investors will increasingly factor this into their investment decisions, which could result in share price headwinds for Tesla.Growing CompetitionAnother risk factor for Tesla is rising competition. It's true that competition has been a bear argument for years, but it increasingly looks like this is now, in fact, becoming a problem. Not only has Tesla lost the advantage in the highly important electric truck business, as its Cybertruck is still not available while competitors Ford (F) and Rivian (RIVN) are successfully selling their electric pickups, but Tesla is also at risk of losing its leadership position in the EV space, overall. BYD (OTCPK: BYDDY)(OTCPK: BYDDF) has emerged as an extremely capable, fast-growing EV player that could sell more EVs next year, even when we do not count plug-in hybrids. In October, BYDsold103,000 pure EVs (220,000 including PHEVs), with a growth rate of 150% year over year. That annualizes at more than 1.2 million, with a growth rate that is way higher than the growth rate Tesla has achieved in the recent past. If these trends continue, BYD will easily become the leader in the global EV space by volume, which could put pressure on Tesla's margins (as BYD could lower market-wide prices thanks to better scale), and which could also result in less interest in Tesla by investors.Add other emerging competitors both on the high end, such as Lucid (LCID), and in the value segment (e.g. XPeng (XPEV)), and the picture could be getting worse for Tesla.Musk's BehaviorElon Musk, Tesla's CEO, is a controversial person. He has many fans, but he also has many critics. And recent things he did could have a negative impact on Tesla's future performance, I believe.First, his actions as the new owner of Twitter did not make everyone happy. Some reacted very negatively to the changes he brought -- it's possible that this will make some people reconsider buying another EV from Tesla. His suggestions for a peace plan in Ukraine also resulted in some negative PR, which could further reduce the number of people willing to buy from his companies. These controversial actions also could result in more scrutiny by regulators.Second, he is now very occupied with Twitter, which will arguably mean that he has less time guiding Tesla. When his time is diverted across many different projects, that could negatively influence the decisions he makes, which could hurt Tesla in the long run.Last but not least, Musk continues to sell parts of his stake in Tesla -- despite the fact that hestated that he was \"almost done selling\" one year ago. Ongoing selling by the most important insider could hurt sentiment further -- that has already been visible in some statements, comments, etc. from investors, and if Musk continues to sell shares, that will likely accelerate.So while Elon Musk surely had a large positive impact on Tesla's performance in the past, Elon Musk's importance as a Tesla insider also poses a risk for investors that shouldn't be neglected.The Macro Environment Is Far From GreatAnother problem for Tesla is that the macro environment in many parts of the world isn't great. Lockdowns in China hurt demand and consumer sentiment, while an energy crisis in Europe and record-high inflation will hurt consumers' ability to buy high-priced vehicles. In the US, inflation remains well above the norm as well, pressuring real disposable income:Data by YChartsWith consumers being under pressure, their ability and willingness to buy high-end vehicles will likely shrink. Add rising interest rates, and financing a new vehicle becomes even less attractive. With many people expecting a recession in the US in 2023, it is likely that Tesla and other automobile companies will feel headwinds from an adverse macro environment.Tesla: A Cheap Money Bubble StockOver the last couple of years, and especially in 2020 and 2021, money was ultra-cheap. With interest rates at a very low level, and with investors being interested in ESG themes, higher-growth story stocks such as Tesla saw their valuations expand massively:Data by YChartsBetween early 2017 and early 2022, Tesla saw its revenue grow by an attractive 670%. Its market capitalization, however, expanded by more than 3,000% -- there clearly was a big disconnect between Tesla's underlying performance and the way the market valued the company. As we can see in the above chart, that was mainly due to the massive share price gains in 2020 and 2021 -- before that, Tesla's revenue had outperformed its market capitalization gains.When seemingly endless sums of money are flowing into a stock despite the fact that the underlying performance is lagging far behind, that poses the risk of creating a bubble. Similar issues were visible in other EV stocks at the time, but Tesla has, by far, been the EV stock with the highest market cap, thus the problem was especially noteworthy here. At the peak, Tesla was trading with a market capitalization north of $1.2 trillion, which was an outrageously high company value not too long ago. Even today, only a small number of companies are trading with a market capitalization this high.So far this year, Tesla has declined by close to 60%, destroying hundreds of billions of dollars in value. Those that bought Tesla early on are still easily in positive territory, but for those that bought over the last two years or so, Tesla has been far from a success story -- despite the fact that the company continued to grow its revenue and profit. This reminds me of the performance of Cisco (CSCO) and Microsoft (MSFT) following the bursting of the dot.com bubble -- these companies continued to execute well and grew for many years, but the fact that prices were inflated too much during the bubble still resulted in negative price returns for many years.Shares Have Gotten Cheaper But Aren't CheapWith Tesla trading down almost 60% relative to where shares traded at the beginning of the year, TSLA stock has become a lot cheaper. But that doesn't mean that Tesla is cheap. Tesla still trades at more than 40x forward net profits, and those estimates could see further downward revisions going forward -- estimates were reduced slightly over the last three months, and more of that could be coming, e.g. due to the negative news from China.Many other EV companies are trading at way lower price to sales multiples, which are generally around 2 for NIO (NIO), XPeng, Li Auto (LI), versus a sales multiple of more than 6 for Tesla. BYD, Tesla's biggest and fastest-growing peer, is trading at just 2x this year's revenue, too, while growing much faster than Tesla.So while Tesla's downside potential is now more limited than one year ago, it is far from guaranteed that Tesla's shares will bottom soon. Shares could easily fall further, I believe, especially if earnings estimates start to decline more meaningfully or if other additional negative news emerges.TakeawayBuying into stocks that are rising can feel good, but it can also be dangerous. Those that chased Tesla during the COVID bubble have paid a steep price already, as Tesla is down almost 60% so far this year.With a wide range of problems, headwinds, and risk factors, Tesla could see its shares decline further, however. Once the bubble has popped, there is no guarantee that a bottom will be reached in a short period of time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888574872,"gmtCreate":1631513535596,"gmtModify":1676530562591,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AHPI\">$Allied Healthcare(AHPI)$</a>going up anytime now!!","listText":"<a href=\"https://laohu8.com/S/AHPI\">$Allied Healthcare(AHPI)$</a>going up anytime now!!","text":"$Allied Healthcare(AHPI)$going up anytime now!!","images":[{"img":"https://static.tigerbbs.com/607efc1a511e03855ac777505829705a","width":"1080","height":"2259"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/888574872","isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":273874901266720,"gmtCreate":1707901785986,"gmtModify":1707901790261,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Its a normal pullback. Market has been running hot for 5 straight weeks with added AI frenzy. This had to stop.","listText":"Its a normal pullback. Market has been running hot for 5 straight weeks with added AI frenzy. This had to stop.","text":"Its a normal pullback. Market has been running hot for 5 straight weeks with added AI frenzy. This had to stop.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/273874901266720","isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987761821,"gmtCreate":1667998598164,"gmtModify":1676537996316,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987761821","repostId":"1147357388","repostType":2,"repost":{"id":"1147357388","pubTimestamp":1667996790,"share":"https://www.laohu8.com/m/news/1147357388?lang=&edition=full","pubTime":"2022-11-09 20:26","market":"us","language":"en","title":"Amazon: Buying Opportunity In The Making","url":"https://stock-news.laohu8.com/highlight/detail?id=1147357388","media":"Seeking Alpha","summary":"SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Amazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.</li><li>While AWS will continue to perform quite well, the other two segments will probably suffer in an upcoming recession.</li><li>Amazon is investing heavily again, which has had a negative effect on the bottom line and, with decreased spending in the future, higher operating income is possible.</li><li>In my opinion, Amazon stock will go lower in the coming months and quarters, and $65 seems like a first good entry point, with a high risk of Amazon stock declining even lower.</li></ul><p>In my last article about Amazon.com, Inc. (NASDAQ: AMZN) in March 2022, I asked the question if Amazon is finally a buy (at that point, the stock was trading for $142). In my conclusion I wrote:</p><blockquote>I am rather neutral on Amazon right now and I think it is possible that the support level will hold, and the stock might move higher again. However, I don&#39;t know if Amazon can set new all-time highs in the foreseeable future. And I also don&#39;t think that Amazon is a bargain right now or a great investment. The company is without any doubt a great business and will be able to grow with a high pace for several years to come - but at current valuation multiples, it has to be.</blockquote><p>We now know the support level did not hold and the stock declined to the next support level around $100 (back then it was about $2,000 in the not split-adjusted chart). In the meantime, Amazon stock already bounced back to the previous support level around $145 and then declined again – and the last quarterly earnings really accelerated that decline and pushed the stock down to only $90.</p><p><b>Quarterly Results</b></p><p>At a first glance, the result doesn’t seem so bad, and one won’t necessary expect a 20% decline that followed in the days since earnings were reported on October 27, 2022. While the company beat on earnings per share expectations, it missed revenue expectations, but only by $370 million. This seems neglectable when considering total net sales of $127,101 million in Q3/22. Compared to the same quarter last year ($110,812 million in net sales), the top line increased 14.7% year-over-year. While net product sales increased from $54,876 million to $59,340 million (resulting in 8.1% year-over-year growth), net service sales increased from $55,936 million to $67,761 million (resulting in 21.1% growth).</p><p>But while the top line increased, operating income declined 48.0% YoY from $4,852 million in Q3/21 to $2,525 million in Q3/22. And diluted earnings per share also declined from $0.31 in the same quarter last year to $0.28 this quarter.</p><p>The biggest disappointment for investors was probably the company’s guidance for the fourth quarter. Amazon is expecting net sales to be between $140.0 billion and $148.0 billion, reflecting only between 2% and 8% growth compared to Q4/22 (the guidance anticipates an unfavorable impact from foreign exchange rates of 460 basis point). Operating income is expected to be between $0 and $4.0 billion, compared to $3.5 billion in the same quarter last year. And any growth rate below 7% would be the lowest quarterly growth rate for a long time (probably the lowest growth rate ever).</p><p><b>AWS: Cash Cow</b></p><p>When looking at the different segments, the picture is quite similar as in the last few quarters and years. Amazon Web Services, which was already launched in 2002, continues to be the cash cow for Amazon, and it is the segment which is generating almost all the operating income. In the third quarter of fiscal 2022, AWS generated $20,538 million in net sales. Compared to the same quarter last year, this resulted in 27% year-over-year growth (28% in FX adjusted numbers). Operating income in Q3/22 was $5,403 million, resulting in 11% year-over-year growth.</p><p><img src=\"https://static.tigerbbs.com/c08a86cc28fd43259538ed285bfeedab\" tg-width=\"640\" tg-height=\"488\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>And as we can see in the chart below, Amazon is the clear market leader in a fast-growing market. In Q4/21, Amazon AWS had a market share of 33% and was clearly ahead of its two main competitors – Microsoft (MSFT) with Microsoft Azure and Alphabet (GOOG,GOOGL) with Google Cloud.</p><p><img src=\"https://static.tigerbbs.com/c532163ed8f8adfb54d4dde7cbc7b9b6\" tg-width=\"640\" tg-height=\"551\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>VisualCapitalist</p><p>In my previous article about Alphabet, I already mentioned the fast-growing cloud market. Alphabet stated in a recent presentation that the cloud market is still in its early stage. According to this presentation, the public cloud services spendings are expected to double between 2022 and 2026, and not only Alphabet will profit from this trend but Amazon as well.</p><p><img src=\"https://static.tigerbbs.com/fc96088bc988e019855031a01a7b5890\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Alphabet Q3/22 Presentation</p><p>And this is backed up by several different studies (seehereandhere) andforecaststhat also expect high growth rates for the cloud business in the years to come.</p><p><b>Retail: Struggling</b></p><p>While AWS is continuing to grow at a high pace and is very profitable for Amazon, the retail business of Amazon – which is responsible for the biggest part of revenue – seems to struggle once again. The North America segment could still grow the top line at a solid pace, with increased revenue 20% year-over-year, from $65,557 million in the same quarter last year to $78,743 million this quarter. But while the segment could generate an operating profit of $880 million in the same quarter last year, it is now reporting an operating loss of $142 million.</p><p><img src=\"https://static.tigerbbs.com/5885e588ec6a05ae5e5a931755fa4637\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>And not only its North America segment was unprofitable this quarter. Its international segment was also unprofitable once again and reported an operating loss of $2,466 million (compared to an operating loss of $911 million in the same quarter last year). Additionally, the segment also had to report declining sales. Compared to $29,145 million in Q3/21, sales in Q3/22 were only $27,720 resulting in 5% year-over-year decline. However, this was in large parts due to currency effects – FX adjusted, sales increased 12% year-over-year.</p><p><img src=\"https://static.tigerbbs.com/08bc6732afc9fa31f5c46aafc37a26a3\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>So, to be honest, results are not so bad. Both segments are not profitable (we will get to this later) but the mediocre top line results are also due to the strong dollar which affected Amazon’s business – like it affected many other U.S. businesses.</p><p>And when looking at the expectations for the holiday sales, analysts and the NRF, the National Retail Federation, are quite optimistic. For the months of November and December 2022,holiday sales are expectedto be between $942.6 million and $960.4 million– resulting in 6% to 8% year-over-year growth, which is quite an optimistic forecast. Compared to the last two years (with growth rates of 9.3% in 2020 and 13.5% in 2021), this seems moderate.</p><p><img src=\"https://static.tigerbbs.com/8d45157a1039b7db14e9525fd87245fe\" tg-width=\"640\" tg-height=\"482\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NRF</p><p>And when looking at longer timeframes, growth expectations are also high – not only for the holiday sales. While retail sales are expected to grow only with a CAGR of 3.70% between 2021 and 2026 (according to Statista), ecommerce sales are expected to grow with a much higher pace (and Amazon is generating most of its sales online). For the years from 2023 till 2026, analysts are expecting ecommerce sales to growabout 12% annually.</p><p><img src=\"https://static.tigerbbs.com/381ce5c4ddb35163699973ad633b2892\" tg-width=\"922\" tg-height=\"897\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>eMarketer // InsiderIntelligence</p><p>Now we must question if these growth expectations are realistic – especially as we are seeing strong signs for the economy crumbling and not only in the United States of America. Aside from the stock market declining about 20% (which is an early warning indicator), theyield curve inverted recently(one of the best warning signs for a recession) anddisposable income per capitais also declining for several months in a row now.</p><p>In a recession, we usually see spendings decline and here we must take a closer look at Amazon’s revenue streams. About 16% stem from AWS (see section above), and companies might cut back on spendings here – although these are fundamental services for a business. An additional 7% of revenue is stemming from subscription services, and due to switching costs we can be confident to see numbers be at least stable (many people rely on Amazon Prime for free shipping as well as the video and music content).</p><p>But about 42% of revenue stems from online stores, and about 23% stems from third-party sellers. And in both cases, we must assume consumers spending is less, which could lead to declining revenue for Amazon (or at least lower growth rates). An additional 8% of revenue is stemming from advertising and these are classical examples for businesses to cut spendings.</p><p>All in all, we should be rather cautious about Amazon’s top line growth in the next few quarters. And we should even think about the possibility of declining revenue in some quarters – depending on how extreme the recession gets.</p><p><b>Investing in the future</b></p><p>And while declining revenue (or slower growth rates) could be an issue in the coming quarters, the bottom-line results already are a reason for concern right now. Since the fourth quarter of fiscal 2021, free cash flow is negative again (when looking at the TTM numbers). And while Amazon has done a pretty good job of convincing investors to focus on top line growth and ignore profitability (something Meta Platforms (META) is failing horrible right now), investors also seem to be concerned about Amazon as well.</p><p>And I must be honest: I am also a bit irritated that Amazon, a business which is almost 30 years old and one of the major corporations in the world, is failing once again to be profitable. On the other hand, it is good to invest in the future, and we should be confident these investments will pay off.</p><p>We will especially focus on the operating expenses, as these amounts will mostly driver future growth – they include sales, marketing, research, and development. And while Amazon spent about 35% of its revenue on operating expenses in the years 2019 till 2021, it spent over 40% in the last four quarters. And when comparing Amazon to other retail companies, the difference is huge. Walmart (WMT), Target (TGT), and Kroger (KR), for example, are spending about 20% of revenue on operating expenses (Target is spending a little more than the other two). Amazon is spending twice as much of its revenue, and when this spending pays off, Amazon will probably profit in the future by higher growth rates and higher sales.</p><table><tbody><tr><th><p>Total Operating Expenses % of revenue</p></th><th><p>2019</p></th><th><p>2021</p></th><th><p>2021</p></th><th><p>TTM</p></th></tr><tr><td><p>Amazon</p></td><td><p>35.81%</p></td><td><p>33.64%</p></td><td><p>36.74%</p></td><td><p>40.46%</p></td></tr><tr><td><p>Walmart</p></td><td><p>20.59%</p></td><td><p>20.01%</p></td><td><p>20.57%</p></td><td><p>20.54%</p></td></tr><tr><td><p>Target</p></td><td><p>23.71%</p></td><td><p>22.21%</p></td><td><p>20.73%</p></td><td><p>20.79%</p></td></tr><tr><td><p>Kroger</p></td><td><p>20.59%</p></td><td><p>21.59%</p></td><td><p>20.03%</p></td><td><p>19.24%</p></td></tr></tbody></table><p>Of course, the long-term goal should be to spend only as much as necessary and cut cost of revenue as well as operating expenses as this will increase profitability. In case of Amazon, we can see that the company was able to lower its costs of revenue (as percentage of revenue) constantly during the last decade, while operating expenses increased over time.</p><p>But if Amazon can lower its operating expenses over time – and therefore increase operating margin it can be extremely profitable. And it doesn’t even have to lower its operating expenses to 20% of revenue like Walmart or Target – 30% to 35% is enough to multiply its operating income.</p><p><b>Intrinsic Value Calculation</b></p><p>And these increased spendings led to Amazon trading for extremely high valuation multiples once again. As free cash flow is negative, we can’t calculate a reasonable P/FCF ratio at this point. The P/E ratio however is 83 right now and although this is below the 5-year average (which is 105), we can’t really argue that a P/E ratio of almost 100 is cheap in any way. Such a high P/E ratio is even difficult to justify with high growth rates.</p><p><img src=\"https://static.tigerbbs.com/b80c5c9861c0f88a7c05281785e27a38\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>However, it can be justified – at least in parts – by extraordinary high operating expenses, which might not only result in higher revenue growth but also in higher operating income once the high expenditures are reduced again. If we assume only about 35% of revenue spent as operating expenses in addition to 57% of revenue for costs of revenue, we will get an operating margin around 8% and an operating income of $40,000 right now. This would result in earnings per share around $3.50 in my opinion (considering taxes and interest expenses) and Amazon would therefore trade for a P/E ratio of 26.</p><p>This is a much more reasonable P/E ratio, but still a bit high in current market conditions – and we are calculating with hypothetical assumptions. I have mentioned several times that we must probably adapt to a new reality of lower P/E ratios and lower CAPE ratios. We got so used to these extremely high valuation multiples for several years now that we assume they are the norm. But the last few years have been an extreme outlier – stocks are not trading for a CAPE ratio of 30.</p><p><img src=\"https://static.tigerbbs.com/36fea4051eb380f769451c28a6ec244f\" tg-width=\"1280\" tg-height=\"930\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Advisor Perspectives</p><p>Usually, I offer an intrinsic value by using a discount cash flow calculation. For such a calculation we must make several assumptions and in case of Amazon it is extremely difficult to make these assumptions as the company is lacking consistency. We could assume operating margin to improve again in the coming quarters and Amazon still growing its top line in the mid-to-high teens and we get an extremely undervalued stock. But we could also argue that growth rates will slow down, the recession will hit Amazon hard, and profitability will decline even further in a challenging macroeconomic environment and the stock remains overvalued.</p><p><b>Technical Picture</b></p><p>Instead of trying to calculate an intrinsic value for the stock I will rather focus on the chart and the sentiment surrounding stocks – especially high-growth companies (which are close to being unprofitable).</p><p>I already started writing parts of this article about two weeks ago before earnings were reported. At that point I theorized that the stock could go up to $145 again. But I didn’t consider that scenario to be very realistic. Instead, I rather assumed the stock to decline to $100 again. And while I expected the stock to break below $100 at some point in the next few months, I didn’t think it would happen so quickly.</p><p><img src=\"https://static.tigerbbs.com/04f71c53acbba04e624687d34078dd49\" tg-width=\"640\" tg-height=\"453\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TradingView</p><p>When looking at the chart, we can identify two strong support levels for Amazon. And a first reasonable mid-term target for the stock over the next few months is between $65 and $72. At that level we find not only the 38% Fibonacci retracement level of the last upward wave, but also the lows of the late 2018 correction. Additionally, we have a long-term trendline connecting the lows of the Dotcom bubble crash and the Great Financial Crisis. At $65, we are already looking at a 65% decline, but I don’t want to bet on Amazon already finding its cyclical bottom there.</p><p>A next potential support level would be around $45 where we find the 23% Fibonacci retracement as well as the 200-months moving average. And especially the latter is often the target for stocks in steep corrections. At that point we are looking at a 76% decline, which might seem extreme right now but is possible. And I would also not be surprised if Amazon goes even lower – depending on how the next recession and bear market play out.</p><p><b>Conclusion</b></p><p>Amazon is not extremely expensive anymore. However, I don’t see Amazon as the extreme bargain many other contributors are seeing (when scrolling through the articles, I only see bullish and extremely bullish views about Amazon).</p><p>I avoided Amazon as an investment for a long time, as I considered the stock as being just too expensive. Now, Amazon is certainly getting to price regions where the stock is starting to get interesting, but I won’t pull the trigger yet, as Amazon is still above the cycle bottom in my opinion. Investors have not priced in what is about to come for the economy as well as the stock market. And when comparing Amazon to other big tech companies – like Alphabet or Meta Platforms – the stock is still trading for rather high valuation multiples making it vulnerable to downside risk. I personally will get interested in Amazon when it is trading for $65 to $70.</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>Amazon: Buying Opportunity In The Making</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: Buying Opportunity In The Making\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 20:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.While AWS will continue to perform ...</p>\n\n<a href=\"https://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making\">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://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147357388","content_text":"SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.While AWS will continue to perform quite well, the other two segments will probably suffer in an upcoming recession.Amazon is investing heavily again, which has had a negative effect on the bottom line and, with decreased spending in the future, higher operating income is possible.In my opinion, Amazon stock will go lower in the coming months and quarters, and $65 seems like a first good entry point, with a high risk of Amazon stock declining even lower.In my last article about Amazon.com, Inc. (NASDAQ: AMZN) in March 2022, I asked the question if Amazon is finally a buy (at that point, the stock was trading for $142). In my conclusion I wrote:I am rather neutral on Amazon right now and I think it is possible that the support level will hold, and the stock might move higher again. However, I don't know if Amazon can set new all-time highs in the foreseeable future. And I also don't think that Amazon is a bargain right now or a great investment. The company is without any doubt a great business and will be able to grow with a high pace for several years to come - but at current valuation multiples, it has to be.We now know the support level did not hold and the stock declined to the next support level around $100 (back then it was about $2,000 in the not split-adjusted chart). In the meantime, Amazon stock already bounced back to the previous support level around $145 and then declined again – and the last quarterly earnings really accelerated that decline and pushed the stock down to only $90.Quarterly ResultsAt a first glance, the result doesn’t seem so bad, and one won’t necessary expect a 20% decline that followed in the days since earnings were reported on October 27, 2022. While the company beat on earnings per share expectations, it missed revenue expectations, but only by $370 million. This seems neglectable when considering total net sales of $127,101 million in Q3/22. Compared to the same quarter last year ($110,812 million in net sales), the top line increased 14.7% year-over-year. While net product sales increased from $54,876 million to $59,340 million (resulting in 8.1% year-over-year growth), net service sales increased from $55,936 million to $67,761 million (resulting in 21.1% growth).But while the top line increased, operating income declined 48.0% YoY from $4,852 million in Q3/21 to $2,525 million in Q3/22. And diluted earnings per share also declined from $0.31 in the same quarter last year to $0.28 this quarter.The biggest disappointment for investors was probably the company’s guidance for the fourth quarter. Amazon is expecting net sales to be between $140.0 billion and $148.0 billion, reflecting only between 2% and 8% growth compared to Q4/22 (the guidance anticipates an unfavorable impact from foreign exchange rates of 460 basis point). Operating income is expected to be between $0 and $4.0 billion, compared to $3.5 billion in the same quarter last year. And any growth rate below 7% would be the lowest quarterly growth rate for a long time (probably the lowest growth rate ever).AWS: Cash CowWhen looking at the different segments, the picture is quite similar as in the last few quarters and years. Amazon Web Services, which was already launched in 2002, continues to be the cash cow for Amazon, and it is the segment which is generating almost all the operating income. In the third quarter of fiscal 2022, AWS generated $20,538 million in net sales. Compared to the same quarter last year, this resulted in 27% year-over-year growth (28% in FX adjusted numbers). Operating income in Q3/22 was $5,403 million, resulting in 11% year-over-year growth.Amazon Q3/22 PresentationAnd as we can see in the chart below, Amazon is the clear market leader in a fast-growing market. In Q4/21, Amazon AWS had a market share of 33% and was clearly ahead of its two main competitors – Microsoft (MSFT) with Microsoft Azure and Alphabet (GOOG,GOOGL) with Google Cloud.VisualCapitalistIn my previous article about Alphabet, I already mentioned the fast-growing cloud market. Alphabet stated in a recent presentation that the cloud market is still in its early stage. According to this presentation, the public cloud services spendings are expected to double between 2022 and 2026, and not only Alphabet will profit from this trend but Amazon as well.Alphabet Q3/22 PresentationAnd this is backed up by several different studies (seehereandhere) andforecaststhat also expect high growth rates for the cloud business in the years to come.Retail: StrugglingWhile AWS is continuing to grow at a high pace and is very profitable for Amazon, the retail business of Amazon – which is responsible for the biggest part of revenue – seems to struggle once again. The North America segment could still grow the top line at a solid pace, with increased revenue 20% year-over-year, from $65,557 million in the same quarter last year to $78,743 million this quarter. But while the segment could generate an operating profit of $880 million in the same quarter last year, it is now reporting an operating loss of $142 million.Amazon Q3/22 PresentationAnd not only its North America segment was unprofitable this quarter. Its international segment was also unprofitable once again and reported an operating loss of $2,466 million (compared to an operating loss of $911 million in the same quarter last year). Additionally, the segment also had to report declining sales. Compared to $29,145 million in Q3/21, sales in Q3/22 were only $27,720 resulting in 5% year-over-year decline. However, this was in large parts due to currency effects – FX adjusted, sales increased 12% year-over-year.Amazon Q3/22 PresentationSo, to be honest, results are not so bad. Both segments are not profitable (we will get to this later) but the mediocre top line results are also due to the strong dollar which affected Amazon’s business – like it affected many other U.S. businesses.And when looking at the expectations for the holiday sales, analysts and the NRF, the National Retail Federation, are quite optimistic. For the months of November and December 2022,holiday sales are expectedto be between $942.6 million and $960.4 million– resulting in 6% to 8% year-over-year growth, which is quite an optimistic forecast. Compared to the last two years (with growth rates of 9.3% in 2020 and 13.5% in 2021), this seems moderate.NRFAnd when looking at longer timeframes, growth expectations are also high – not only for the holiday sales. While retail sales are expected to grow only with a CAGR of 3.70% between 2021 and 2026 (according to Statista), ecommerce sales are expected to grow with a much higher pace (and Amazon is generating most of its sales online). For the years from 2023 till 2026, analysts are expecting ecommerce sales to growabout 12% annually.eMarketer // InsiderIntelligenceNow we must question if these growth expectations are realistic – especially as we are seeing strong signs for the economy crumbling and not only in the United States of America. Aside from the stock market declining about 20% (which is an early warning indicator), theyield curve inverted recently(one of the best warning signs for a recession) anddisposable income per capitais also declining for several months in a row now.In a recession, we usually see spendings decline and here we must take a closer look at Amazon’s revenue streams. About 16% stem from AWS (see section above), and companies might cut back on spendings here – although these are fundamental services for a business. An additional 7% of revenue is stemming from subscription services, and due to switching costs we can be confident to see numbers be at least stable (many people rely on Amazon Prime for free shipping as well as the video and music content).But about 42% of revenue stems from online stores, and about 23% stems from third-party sellers. And in both cases, we must assume consumers spending is less, which could lead to declining revenue for Amazon (or at least lower growth rates). An additional 8% of revenue is stemming from advertising and these are classical examples for businesses to cut spendings.All in all, we should be rather cautious about Amazon’s top line growth in the next few quarters. And we should even think about the possibility of declining revenue in some quarters – depending on how extreme the recession gets.Investing in the futureAnd while declining revenue (or slower growth rates) could be an issue in the coming quarters, the bottom-line results already are a reason for concern right now. Since the fourth quarter of fiscal 2021, free cash flow is negative again (when looking at the TTM numbers). And while Amazon has done a pretty good job of convincing investors to focus on top line growth and ignore profitability (something Meta Platforms (META) is failing horrible right now), investors also seem to be concerned about Amazon as well.And I must be honest: I am also a bit irritated that Amazon, a business which is almost 30 years old and one of the major corporations in the world, is failing once again to be profitable. On the other hand, it is good to invest in the future, and we should be confident these investments will pay off.We will especially focus on the operating expenses, as these amounts will mostly driver future growth – they include sales, marketing, research, and development. And while Amazon spent about 35% of its revenue on operating expenses in the years 2019 till 2021, it spent over 40% in the last four quarters. And when comparing Amazon to other retail companies, the difference is huge. Walmart (WMT), Target (TGT), and Kroger (KR), for example, are spending about 20% of revenue on operating expenses (Target is spending a little more than the other two). Amazon is spending twice as much of its revenue, and when this spending pays off, Amazon will probably profit in the future by higher growth rates and higher sales.Total Operating Expenses % of revenue201920212021TTMAmazon35.81%33.64%36.74%40.46%Walmart20.59%20.01%20.57%20.54%Target23.71%22.21%20.73%20.79%Kroger20.59%21.59%20.03%19.24%Of course, the long-term goal should be to spend only as much as necessary and cut cost of revenue as well as operating expenses as this will increase profitability. In case of Amazon, we can see that the company was able to lower its costs of revenue (as percentage of revenue) constantly during the last decade, while operating expenses increased over time.But if Amazon can lower its operating expenses over time – and therefore increase operating margin it can be extremely profitable. And it doesn’t even have to lower its operating expenses to 20% of revenue like Walmart or Target – 30% to 35% is enough to multiply its operating income.Intrinsic Value CalculationAnd these increased spendings led to Amazon trading for extremely high valuation multiples once again. As free cash flow is negative, we can’t calculate a reasonable P/FCF ratio at this point. The P/E ratio however is 83 right now and although this is below the 5-year average (which is 105), we can’t really argue that a P/E ratio of almost 100 is cheap in any way. Such a high P/E ratio is even difficult to justify with high growth rates.Data by YChartsHowever, it can be justified – at least in parts – by extraordinary high operating expenses, which might not only result in higher revenue growth but also in higher operating income once the high expenditures are reduced again. If we assume only about 35% of revenue spent as operating expenses in addition to 57% of revenue for costs of revenue, we will get an operating margin around 8% and an operating income of $40,000 right now. This would result in earnings per share around $3.50 in my opinion (considering taxes and interest expenses) and Amazon would therefore trade for a P/E ratio of 26.This is a much more reasonable P/E ratio, but still a bit high in current market conditions – and we are calculating with hypothetical assumptions. I have mentioned several times that we must probably adapt to a new reality of lower P/E ratios and lower CAPE ratios. We got so used to these extremely high valuation multiples for several years now that we assume they are the norm. But the last few years have been an extreme outlier – stocks are not trading for a CAPE ratio of 30.Advisor PerspectivesUsually, I offer an intrinsic value by using a discount cash flow calculation. For such a calculation we must make several assumptions and in case of Amazon it is extremely difficult to make these assumptions as the company is lacking consistency. We could assume operating margin to improve again in the coming quarters and Amazon still growing its top line in the mid-to-high teens and we get an extremely undervalued stock. But we could also argue that growth rates will slow down, the recession will hit Amazon hard, and profitability will decline even further in a challenging macroeconomic environment and the stock remains overvalued.Technical PictureInstead of trying to calculate an intrinsic value for the stock I will rather focus on the chart and the sentiment surrounding stocks – especially high-growth companies (which are close to being unprofitable).I already started writing parts of this article about two weeks ago before earnings were reported. At that point I theorized that the stock could go up to $145 again. But I didn’t consider that scenario to be very realistic. Instead, I rather assumed the stock to decline to $100 again. And while I expected the stock to break below $100 at some point in the next few months, I didn’t think it would happen so quickly.TradingViewWhen looking at the chart, we can identify two strong support levels for Amazon. And a first reasonable mid-term target for the stock over the next few months is between $65 and $72. At that level we find not only the 38% Fibonacci retracement level of the last upward wave, but also the lows of the late 2018 correction. Additionally, we have a long-term trendline connecting the lows of the Dotcom bubble crash and the Great Financial Crisis. At $65, we are already looking at a 65% decline, but I don’t want to bet on Amazon already finding its cyclical bottom there.A next potential support level would be around $45 where we find the 23% Fibonacci retracement as well as the 200-months moving average. And especially the latter is often the target for stocks in steep corrections. At that point we are looking at a 76% decline, which might seem extreme right now but is possible. And I would also not be surprised if Amazon goes even lower – depending on how the next recession and bear market play out.ConclusionAmazon is not extremely expensive anymore. However, I don’t see Amazon as the extreme bargain many other contributors are seeing (when scrolling through the articles, I only see bullish and extremely bullish views about Amazon).I avoided Amazon as an investment for a long time, as I considered the stock as being just too expensive. Now, Amazon is certainly getting to price regions where the stock is starting to get interesting, but I won’t pull the trigger yet, as Amazon is still above the cycle bottom in my opinion. Investors have not priced in what is about to come for the economy as well as the stock market. And when comparing Amazon to other big tech companies – like Alphabet or Meta Platforms – the stock is still trading for rather high valuation multiples making it vulnerable to downside risk. I personally will get interested in Amazon when it is trading for $65 to $70.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887459576,"gmtCreate":1632095470595,"gmtModify":1676530698224,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/887459576","repostId":"1129130141","repostType":4,"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884010009,"gmtCreate":1631839135601,"gmtModify":1676530648389,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FXLV\">$F45 Training Holdings Inc.(FXLV)$</a>go go go!","listText":"<a href=\"https://laohu8.com/S/FXLV\">$F45 Training Holdings Inc.(FXLV)$</a>go go go!","text":"$F45 Training Holdings Inc.(FXLV)$go go go!","images":[{"img":"https://static.tigerbbs.com/d6b67c42d80b58f121c47282b9130435","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884010009","isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":882143518,"gmtCreate":1631669407734,"gmtModify":1676530604405,"author":{"id":"3586741802190308","authorId":"3586741802190308","name":"in_deep_red","avatar":"https://static.tigerbbs.com/b428b6bee1937061822da4d8a206e8cb","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Missed the Ipo!","listText":"Missed the Ipo!","text":"Missed the Ipo!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882143518","repostId":"1173721822","repostType":4,"repost":{"id":"1173721822","pubTimestamp":1631722380,"share":"https://www.laohu8.com/m/news/1173721822?lang=&edition=full","pubTime":"2021-09-16 00:13","market":"us","language":"en","title":"Siemens-backed Thoughtworks spikes 24% on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1173721822","media":"Reuters","summary":"Siemens-backed Thoughtworks spikes 24% on its first day of trading.\n\nThoughtworks Holding Inc, a sof","content":"<p>Siemens-backed Thoughtworks spikes 24% on its first day of trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ed82eae0621909905b277df4492821f1\" tg-width=\"858\" tg-height=\"818\" width=\"100%\" height=\"auto\"></p>\n<p>Thoughtworks Holding Inc, a software consultancy company backed by Germany’s Siemens AG, said on Tuesday it priced its initial public offering (IPO) above its target range, valuing the firm at about $6.4 billion.</p>\n<p>The company said it sold 16.4 million shares at $21 per share. Other investors, including funds advised by Apax Partners, sold about 20.4 million shares.</p>\n<p>Thoughtworks had previously targeted a price range between $18 and $20 per share, aiming for a valuation of about $6.10 billion</p>\n<p>The 28-year-old firm has clients such as Canadian wireless carrier Telus Corp, U.S. supermarket chain Kroger Co and payments company PayPal Holdings Inc.</p>\n<p>While it had filed the paperwork with regulators under the name Turing Holding Corp, the company will be changing its name to Thoughtworks Holding Inc.</p>\n<p>Shares of the firm are expected to begin trading on Nasdaq under the ticker symbol “TWKS” on Wednesday.</p>\n<p>Goldman Sachs, J.P. Morgan and Credit Suisse are the lead underwriters.</p>","source":"lsy1601381805984","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>Siemens-backed Thoughtworks spikes 24% on its first day of 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\">\nSiemens-backed Thoughtworks spikes 24% on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 00:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/thoughtworks-ipo/update-1-siemens-backed-thoughtworks-valued-at-6-4-bln-in-u-s-ipo-idUSL4N2QG42M><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Siemens-backed Thoughtworks spikes 24% on its first day of trading.\n\nThoughtworks Holding Inc, a software consultancy company backed by Germany’s Siemens AG, said on Tuesday it priced its initial ...</p>\n\n<a href=\"https://www.reuters.com/article/thoughtworks-ipo/update-1-siemens-backed-thoughtworks-valued-at-6-4-bln-in-u-s-ipo-idUSL4N2QG42M\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWKS":"Thoughtworks Holding Inc."},"source_url":"https://www.reuters.com/article/thoughtworks-ipo/update-1-siemens-backed-thoughtworks-valued-at-6-4-bln-in-u-s-ipo-idUSL4N2QG42M","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173721822","content_text":"Siemens-backed Thoughtworks spikes 24% on its first day of trading.\n\nThoughtworks Holding Inc, a software consultancy company backed by Germany’s Siemens AG, said on Tuesday it priced its initial public offering (IPO) above its target range, valuing the firm at about $6.4 billion.\nThe company said it sold 16.4 million shares at $21 per share. Other investors, including funds advised by Apax Partners, sold about 20.4 million shares.\nThoughtworks had previously targeted a price range between $18 and $20 per share, aiming for a valuation of about $6.10 billion\nThe 28-year-old firm has clients such as Canadian wireless carrier Telus Corp, U.S. supermarket chain Kroger Co and payments company PayPal Holdings Inc.\nWhile it had filed the paperwork with regulators under the name Turing Holding Corp, the company will be changing its name to Thoughtworks Holding Inc.\nShares of the firm are expected to begin trading on Nasdaq under the ticker symbol “TWKS” on Wednesday.\nGoldman Sachs, J.P. Morgan and Credit Suisse are the lead underwriters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}