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09-15

$Seatrium Ltd(5E2.SI)$ bought at $0.12 before 20 to 1 merge, still loss unless price can go up to $2.40

2022-12-19

$COMFORTDELGRO CORPORATION LTD(C52.SI)$ buying with cpf, not much room for upward movement but have always gave good dividend. Now looks like historically ground floor to enter with lowest at 1.21 many years back. Hope increase in bus prices help with profit in next quarter.

2022-10-31

0.75% hike already priced in few weeks ago, will not have effect this time when announced. Think will rally if announce 0.5%

Another Jumbo Fed Rate Hike Is Expected This Week — and Then Life Gets Difficult for Powell

2022-04-28

Where to find this article?

Sembcorp Marine's Shares Face Dilutive Effect From Proposed Merger -- Market Talk

2022-04-14

$SEMBCORP MARINE LTD(S51.SI)$I suppose the rise in price these past week is due to the merger news in April 30th, and book value of share according to Google is $0.13? Any comments?

2021-07-14

Comment

Broadcom No Longer in Talks to Buy SAS Institute, Sources Say

2021-07-12

Comment and like

3 Red-Hot Stocks That Could Continue to Crush the Market

2021-06-24

Like and comment

Sorry, the original content has been removed

2021-06-24

Because printing more money...

Why U.S. stocks face a tough decade ahead even if corporate revenues are strong

2021-06-23

time to buy?

MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens

2021-06-22

Like and comment please

Where Will Amazon Stock Be In 10 Years? Probably Lower Than You Think

Go to Tiger App to see more news

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Need to be patient, holding strong","text":"I think this stock price can go around 2.5 to 3.0 by year end. Need to be patient, holding strong","html":"I think this stock price can go around 2.5 to 3.0 by year end. Need to be patient, holding strong"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926990334,"gmtCreate":1671436548929,"gmtModify":1676538536094,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C52.SI\">$COMFORTDELGRO CORPORATION LTD(C52.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>buying with cpf, not much room for upward movement but have always gave&nbsp;good dividend. Now looks like historically&nbsp;ground floor to enter with lowest at 1.21 many years back. Hope increase in bus prices help with profit in next quarter.&nbsp;","listText":"<a href=\"https://ttm.financial/S/C52.SI\">$COMFORTDELGRO CORPORATION LTD(C52.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>buying with cpf, not much room for upward movement but have always gave&nbsp;good dividend. Now looks like historically&nbsp;ground floor to enter with lowest at 1.21 many years back. Hope increase in bus prices help with profit in next quarter.&nbsp;","text":"$COMFORTDELGRO CORPORATION LTD(C52.SI)$ buying with cpf, not much room for upward movement but have always gave good dividend. Now looks like historically ground floor to enter with lowest at 1.21 many years back. Hope increase in bus prices help with profit in next quarter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":19,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9926990334","isVote":1,"tweetType":1,"viewCount":897,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4097288159100340","authorId":"4097288159100340","name":"Ahqing","avatar":"https://community-static.tradeup.com/news/10c2543b053298a7d1a95c9a5007cc65","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4097288159100340","idStr":"4097288159100340"},"content":"So long and not moving","text":"So long and not moving","html":"So long and not moving"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982537605,"gmtCreate":1667207313907,"gmtModify":1676537877173,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"0.75% hike already priced in few weeks ago, will not have effect this time when announced. Think will rally if announce 0.5%","listText":"0.75% hike already priced in few weeks ago, will not have effect this time when announced. Think will rally if announce 0.5%","text":"0.75% hike already priced in few weeks ago, will not have effect this time when announced. Think will rally if announce 0.5%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982537605","repostId":"1182142847","repostType":4,"repost":{"id":"1182142847","pubTimestamp":1667195282,"share":"https://ttm.financial/m/news/1182142847?lang=&edition=fundamental","pubTime":"2022-10-31 13:48","market":"us","language":"en","title":"Another Jumbo Fed Rate Hike Is Expected This Week — and Then Life Gets Difficult for Powell","url":"https://stock-news.laohu8.com/highlight/detail?id=1182142847","media":"MarketWatch","summary":"First the easy part.Economists widely expect Federal Reserve monetary-policy makers to approve a fou","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/fb2d2ebd0cc0e252f0ed3f9a0d7fb2ea\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/>First the easy part.</p><p>Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting this week. A hike of three-quarters of a percentage point would bring the central bank’s benchmark rate to a level of 3.75%- 4%.</p><p>“The November decision is a lock. Well, I would be floored if they didn’t go 75 basis points,” said Jonathan Pingle, chief U.S. economist at UBS.</p><p>The Fed decision will come at 2 p.m. on Wednesday after two days of talks among members of the Federal Open Market Committee.</p><p>What happens at Fed Chairman Jerome Powell’s press conference a half-hour later will be more fraught.</p><p>The focus will be on whether Powell gives a signal to the market about plans for a smaller rise in its benchmark interest rate in December.</p><p>The Fed’s “dot plot” projection of interest rates, released in September, already penciled in a slowdown to a half-point rate hike in December, followed by a quarter-point hike early in 2023.</p><p>The market is expecting signals about a change in policy, and many think Powell will use his press conference to hint that a slower pace of interest-rate rises is indeed coming.</p><p>A Wall Street Journal story last week reported that some Fed officials are not keen to keep hiking rates by 75 basis  points per meeting. That, alongside San Francisco Fed President Mary Daly’s comment that the Fed needs to start talking about slowing down the pace of hikes, were taken as a sign of a slowdown to come by the stock and bond markets.</p><p>“No one wants to be late for the pivot party, so the hint was enough,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.</p><p>Luke Tilley, chief economist at Wilmington Trust, said he thinks Powell will signal a smaller rate hike in December by focusing on some of the good wage-inflation news that was published earlier Friday.</p><p>There was a clear slowdown in private-sector wage growth, Tilley said.</p><p>But the problem with Powell signaling he has found an exit ramp from the jumbo rate hikes this year is that his committee members might not be ready to signal a downshift, Pingle of UBS said. He argued that the inflation data writ large in September won’t give Fed officials any confidence that a cooling in price pressures is in the offing.</p><p>Another worry for Powell is that future data might not cooperate.</p><p>There are two employment reports and two consumer-price-inflation reports before the next Fed policy meeting on Dec. 13–14.</p><p>So Powell might have to reverse course.</p><p>“If you pre-commit and the data slaps you in the head — then you can’t follow through,” said Stephen Stanley, chief economist at Amherst Pierpont Securities.</p><p>This has been the Fed’s pattern all year, Stanley noted. It was only in March that the Fed thought its terminal rate, or the peak benchmark rate, wouldn’t rise above 3%.</p><p>While the Fed may want to slow down the pace of rate hikes, it doesn’t want the market to take a downshift in the size of rate rises as a signal that a rate cut is in the offing. But some analysts believe that the first cut in fact will come soon after the Fed reduces the size of its rate rises.</p><p>In general terms, the Fed wants financial conditions to stay restrictive in order to squeeze the life out of inflation.</p><p>Pingle said he expects Kansas City Fed President Esther George to formally dissent in favor of a slower pace of rate hikes.</p><p>There is growing disagreement among economists about the “peak” or “terminal rate” of this hiking cycle. The Fed has penciled in a terminal rate in the range of 4.5%–4.75%. Some economists think the terminal rate could be lower than that. Others think that rates will go above 5%.</p><p>Those who think the Fed will stop short of 5% tend to talk about a recession, with the fast pace of Fed hikes “breaking something.” Those who see rates above 5% think that inflation will be much more persistent.</p><p>Ultimately, Amherst Pierpont’s Stanley is of the view that the data aren’t going to be the deciding factor. “The answer to the question of what either forces or allows the Fed to stop is probably not going to come from the data. The answer is going to be that the Fed has a number in mind to pause,” he said.</p><p>The Fed “is careening toward this moment of truth where it has very tight labor markets and very high inflation, and the Fed is going to come out and say, ‘OK, we’re ready to pause here.’ “</p><p>“That strikes me that is going to be a very volatile period for the market,” he added.</p><p>Fed fund futures markets are already volatile, with traders penciling in a terminal rate above 5% two weeks ago and now seeing a 4.85% terminal rate.</p><p>Over the month of October, the yield on the 10-year Treasury note rose steadily above 4.2% before softening to 4% in recent days.</p><p>“When you get close to the end, every move really counts,” Stanley said.</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>Another Jumbo Fed Rate Hike Is Expected This Week — and Then Life Gets Difficult for Powell</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\">\nAnother Jumbo Fed Rate Hike Is Expected This Week — and Then Life Gets Difficult for Powell\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-31 13:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/another-fed-jumbo-rate-hike-is-expected-next-week-and-then-life-gets-difficult-for-powell-11666982034?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First the easy part.Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting this week. A hike of three-quarters of a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/another-fed-jumbo-rate-hike-is-expected-next-week-and-then-life-gets-difficult-for-powell-11666982034?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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/another-fed-jumbo-rate-hike-is-expected-next-week-and-then-life-gets-difficult-for-powell-11666982034?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182142847","content_text":"First the easy part.Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting this week. A hike of three-quarters of a percentage point would bring the central bank’s benchmark rate to a level of 3.75%- 4%.“The November decision is a lock. Well, I would be floored if they didn’t go 75 basis points,” said Jonathan Pingle, chief U.S. economist at UBS.The Fed decision will come at 2 p.m. on Wednesday after two days of talks among members of the Federal Open Market Committee.What happens at Fed Chairman Jerome Powell’s press conference a half-hour later will be more fraught.The focus will be on whether Powell gives a signal to the market about plans for a smaller rise in its benchmark interest rate in December.The Fed’s “dot plot” projection of interest rates, released in September, already penciled in a slowdown to a half-point rate hike in December, followed by a quarter-point hike early in 2023.The market is expecting signals about a change in policy, and many think Powell will use his press conference to hint that a slower pace of interest-rate rises is indeed coming.A Wall Street Journal story last week reported that some Fed officials are not keen to keep hiking rates by 75 basis  points per meeting. That, alongside San Francisco Fed President Mary Daly’s comment that the Fed needs to start talking about slowing down the pace of hikes, were taken as a sign of a slowdown to come by the stock and bond markets.“No one wants to be late for the pivot party, so the hint was enough,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.Luke Tilley, chief economist at Wilmington Trust, said he thinks Powell will signal a smaller rate hike in December by focusing on some of the good wage-inflation news that was published earlier Friday.There was a clear slowdown in private-sector wage growth, Tilley said.But the problem with Powell signaling he has found an exit ramp from the jumbo rate hikes this year is that his committee members might not be ready to signal a downshift, Pingle of UBS said. He argued that the inflation data writ large in September won’t give Fed officials any confidence that a cooling in price pressures is in the offing.Another worry for Powell is that future data might not cooperate.There are two employment reports and two consumer-price-inflation reports before the next Fed policy meeting on Dec. 13–14.So Powell might have to reverse course.“If you pre-commit and the data slaps you in the head — then you can’t follow through,” said Stephen Stanley, chief economist at Amherst Pierpont Securities.This has been the Fed’s pattern all year, Stanley noted. It was only in March that the Fed thought its terminal rate, or the peak benchmark rate, wouldn’t rise above 3%.While the Fed may want to slow down the pace of rate hikes, it doesn’t want the market to take a downshift in the size of rate rises as a signal that a rate cut is in the offing. But some analysts believe that the first cut in fact will come soon after the Fed reduces the size of its rate rises.In general terms, the Fed wants financial conditions to stay restrictive in order to squeeze the life out of inflation.Pingle said he expects Kansas City Fed President Esther George to formally dissent in favor of a slower pace of rate hikes.There is growing disagreement among economists about the “peak” or “terminal rate” of this hiking cycle. The Fed has penciled in a terminal rate in the range of 4.5%–4.75%. Some economists think the terminal rate could be lower than that. Others think that rates will go above 5%.Those who think the Fed will stop short of 5% tend to talk about a recession, with the fast pace of Fed hikes “breaking something.” Those who see rates above 5% think that inflation will be much more persistent.Ultimately, Amherst Pierpont’s Stanley is of the view that the data aren’t going to be the deciding factor. “The answer to the question of what either forces or allows the Fed to stop is probably not going to come from the data. The answer is going to be that the Fed has a number in mind to pause,” he said.The Fed “is careening toward this moment of truth where it has very tight labor markets and very high inflation, and the Fed is going to come out and say, ‘OK, we’re ready to pause here.’ ““That strikes me that is going to be a very volatile period for the market,” he added.Fed fund futures markets are already volatile, with traders penciling in a terminal rate above 5% two weeks ago and now seeing a 4.85% terminal rate.Over the month of October, the yield on the 10-year Treasury note rose steadily above 4.2% before softening to 4% in recent days.“When you get close to the end, every move really counts,” Stanley said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060876796,"gmtCreate":1651130339146,"gmtModify":1676534856050,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"Where to find this article?&nbsp;","listText":"Where to find this article?&nbsp;","text":"Where to find this article?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9060876796","repostId":"2230639418","repostType":2,"repost":{"id":"2230639418","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1651121640,"share":"https://ttm.financial/m/news/2230639418?lang=&edition=fundamental","pubTime":"2022-04-28 12:54","market":"hk","language":"en","title":"Sembcorp Marine's Shares Face Dilutive Effect From Proposed Merger -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2230639418","media":"Dow Jones","summary":"0454 GMT - Sembcorp Marine's shares face a dilutive effect from the company's proposed merger with K","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0454 GMT - Sembcorp Marine's shares face a dilutive effect from the company's proposed merger with Keppel's offshore-and-marine unit, Citi analysts say in a note. Sembcorp Marine's shareholders should brace for a net-tangible-asset dilution to S$0.07/share from S$0.12/share for the combined entity, given its assessed S$8.7 billion fair value estimate, they say. This is because Keppel will hold 56% of the new entity while Sembcorp will have the remaining 44%, the analysts say. Though the new entity's larger platform may provide scale benefits, it also means navigating a larger cost base that will require a steady flow of order wins. Citi has a buy rating on Keppel and a sell rating on Sembcorp Marine. (yongchang.chin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 28, 2022 00:54 ET (04:54 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Sembcorp Marine's Shares Face Dilutive Effect From Proposed Merger -- Market Talk</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\">\nSembcorp Marine's Shares Face Dilutive Effect From Proposed Merger -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-04-28 12:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0454 GMT - Sembcorp Marine's shares face a dilutive effect from the company's proposed merger with Keppel's offshore-and-marine unit, Citi analysts say in a note. Sembcorp Marine's shareholders should brace for a net-tangible-asset dilution to S$0.07/share from S$0.12/share for the combined entity, given its assessed S$8.7 billion fair value estimate, they say. This is because Keppel will hold 56% of the new entity while Sembcorp will have the remaining 44%, the analysts say. Though the new entity's larger platform may provide scale benefits, it also means navigating a larger cost base that will require a steady flow of order wins. Citi has a buy rating on Keppel and a sell rating on Sembcorp Marine. (yongchang.chin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 28, 2022 00:54 ET (04:54 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK6523":"ESG概念","BK6505":"周期性消费品与消费者服务","BK6111":"工业集团企业","BK4206":"工业集团企业","BK6504":"工业制品概念","BN4.SI":"吉宝有限公司","BK6065":"建筑机械与重型卡车","KPELY":"Keppel Corporation Limited"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2230639418","content_text":"0454 GMT - Sembcorp Marine's shares face a dilutive effect from the company's proposed merger with Keppel's offshore-and-marine unit, Citi analysts say in a note. Sembcorp Marine's shareholders should brace for a net-tangible-asset dilution to S$0.07/share from S$0.12/share for the combined entity, given its assessed S$8.7 billion fair value estimate, they say. This is because Keppel will hold 56% of the new entity while Sembcorp will have the remaining 44%, the analysts say. Though the new entity's larger platform may provide scale benefits, it also means navigating a larger cost base that will require a steady flow of order wins. Citi has a buy rating on Keppel and a sell rating on Sembcorp Marine. (yongchang.chin@wsj.com) \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  April 28, 2022 00:54 ET (04:54 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080444572,"gmtCreate":1649910409840,"gmtModify":1676534605421,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>I suppose the rise in price these past week is due to the merger news in April 30th, and book value of share according to&nbsp;Google&nbsp;is $0.13? Any comments?","listText":"<a href=\"https://ttm.financial/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>I suppose the rise in price these past week is due to the merger news in April 30th, and book value of share according to&nbsp;Google&nbsp;is $0.13? Any comments?","text":"$SEMBCORP MARINE LTD(S51.SI)$I suppose the rise in price these past week is due to the merger news in April 30th, and book value of share according to Google is $0.13? Any comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080444572","isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145679737,"gmtCreate":1626223338129,"gmtModify":1703755759132,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/145679737","repostId":"1118898141","repostType":4,"repost":{"id":"1118898141","pubTimestamp":1626223194,"share":"https://ttm.financial/m/news/1118898141?lang=&edition=fundamental","pubTime":"2021-07-14 08:39","market":"us","language":"en","title":"Broadcom No Longer in Talks to Buy SAS Institute, Sources Say","url":"https://stock-news.laohu8.com/highlight/detail?id=1118898141","media":"The Wall Street Journal","summary":"A deal by the chip maker would have valued closely held SAS in the range of $15 billion to $20 billi","content":"<blockquote>\n A deal by the chip maker would have valued closely held SAS in the range of $15 billion to $20 billion.\n</blockquote>\n<p>Talks forBroadcomInc.&nbsp;AVGO&nbsp;-0.36%to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their minds about a sale, people familiar with the matter said.</p>\n<p>The Wall Street Journal reported Monday that thecompanies were discussing a dealthat would value SAS in the range of $15 billion to $20 billion, including any debt. Following the report, Jim Goodnight and John Sall, who co-founded SAS decades ago and still run the company, had a change of heart and decided not to sell to Broadcom, the people said. Whether another suitor for SAS could emerge isn’t clear.</p>\n<p>Some SAS employees saw the company as a strange fit for efficiency-focused Broadcom, some of the people familiar with the matter said. SAS is known for a tightknit culture and has a sprawling North Carolina campus with amenities including a yoga studio and a disc golf course.</p>\n<p>Cary, N.C.-based SAS sells analytics-, business-intelligence and data-management software to enterprises. The company traces its roots back to the 1960s, when universities teamed up to analyze troves of agricultural data through a program called the Statistical Analysis System.</p>\n<p>Broadcom, a semiconductor powerhouse built largely through acquisitions, has been on the hunt for a deal to beef up its presence in the corporate-software market. Its chief executive, Hock Tan, said earlier this year the company would look at buybacks and possibly debt repayment, if it didn’t make an acquisition by the end of the fiscal year. That typically ends in late October or early November.</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>Broadcom No Longer in Talks to Buy SAS Institute, Sources Say</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\">\nBroadcom No Longer in Talks to Buy SAS Institute, Sources Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 08:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/broadcom-no-longer-in-talks-to-buy-sas-institute-sources-say-11626212065?mod=hp_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A deal by the chip maker would have valued closely held SAS in the range of $15 billion to $20 billion.\n\nTalks forBroadcomInc. AVGO -0.36%to buy SAS Institute Inc. have ended after the founders of the...</p>\n\n<a href=\"https://www.wsj.com/articles/broadcom-no-longer-in-talks-to-buy-sas-institute-sources-say-11626212065?mod=hp_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AVGO":"博通"},"source_url":"https://www.wsj.com/articles/broadcom-no-longer-in-talks-to-buy-sas-institute-sources-say-11626212065?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118898141","content_text":"A deal by the chip maker would have valued closely held SAS in the range of $15 billion to $20 billion.\n\nTalks forBroadcomInc. AVGO -0.36%to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their minds about a sale, people familiar with the matter said.\nThe Wall Street Journal reported Monday that thecompanies were discussing a dealthat would value SAS in the range of $15 billion to $20 billion, including any debt. Following the report, Jim Goodnight and John Sall, who co-founded SAS decades ago and still run the company, had a change of heart and decided not to sell to Broadcom, the people said. Whether another suitor for SAS could emerge isn’t clear.\nSome SAS employees saw the company as a strange fit for efficiency-focused Broadcom, some of the people familiar with the matter said. SAS is known for a tightknit culture and has a sprawling North Carolina campus with amenities including a yoga studio and a disc golf course.\nCary, N.C.-based SAS sells analytics-, business-intelligence and data-management software to enterprises. The company traces its roots back to the 1960s, when universities teamed up to analyze troves of agricultural data through a program called the Statistical Analysis System.\nBroadcom, a semiconductor powerhouse built largely through acquisitions, has been on the hunt for a deal to beef up its presence in the corporate-software market. Its chief executive, Hock Tan, said earlier this year the company would look at buybacks and possibly debt repayment, if it didn’t make an acquisition by the end of the fiscal year. That typically ends in late October or early November.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583568085402852","authorId":"3583568085402852","name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583568085402852","idStr":"3583568085402852"},"content":"Talks forBroadcomInc. AVGO -0.36%to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their minds about a sale, people familiar with the matter said.","text":"Talks forBroadcomInc. AVGO -0.36%to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their minds about a sale, people familiar with the matter said.","html":"Talks forBroadcomInc. AVGO -0.36%to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their minds about a sale, people familiar with the matter said."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146111232,"gmtCreate":1626058417826,"gmtModify":1703752528447,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146111232","repostId":"1121762629","repostType":4,"repost":{"id":"1121762629","pubTimestamp":1626057041,"share":"https://ttm.financial/m/news/1121762629?lang=&edition=fundamental","pubTime":"2021-07-12 10:30","market":"us","language":"en","title":"3 Red-Hot Stocks That Could Continue to Crush the Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1121762629","media":"Motley Fool","summary":"These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries hav","content":"<blockquote>\n <b>These growth and dividend stocks are thriving.</b>\n</blockquote>\n<p>Economic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. It sports a fair share of up-and-coming growth stocks, as well as large traditional businesses -- many of which are beating the market.</p>\n<p>We asked some of our contributors which stocks they thought could continue to crush the market. They chose&nbsp;<b>Zebra Technologies</b>(NASDAQ:ZBRA),<b>Waste Management</b>(NYSE:WM), and&nbsp;<b>NIO</b>(NYSE:NIO).</p>\n<p>Zebra Technologies stands out from the crowd</p>\n<p><b>Lee Samaha(Zebra Technologies):</b>Zebra's stock is up 111% over the last year and by 39% in 2021. That's a comfortable outperformance, and it comes as the company's technology has come to the fore during the pandemic.</p>\n<p>Zebra is a manufacturer of what management calls \"enterprise asset intelligence\" solutions. In plain English, mobile computers, barcode scanners, specialty printers, RFID printers and readers, and other products are used by workers to gather information. Real-world examples of its technology include e-commerce warehouses using scanners to monitor workflows, retailers managing inventory, and healthcare workers tracking and tracing medical products.</p>\n<p>Global supply chains came under a lot of stress during the pandemic, so, understandably, many companies are making investments in Zebra's technologies a priority. Whether companies are looking to invest in automating production in a warehouse or capturing data to use with advanced analytics in a retail or healthcare environment, Zebra's hardware and software solutions have the answer.</p>\n<p>As such, management expects adjusted net sales growth of 18% to 22% in 2021, having started the year forecasting 10% to 14%. Clearly, momentum is behind the company, and it's likely the expansion of smart automation and digitization in the industrial economy is going to encourage multi-year growth in sales of Zebra's solutions.</p>\n<p>Trading on 31 times estimated 2021 earnings, Zebra wouldn't be seen as avalue stockby most. Still, investors should keep an eye out for its results because it wouldn't be a surprise to see Zebra upgrade guidance again, given the reopening economy.</p>\n<p>Don't trash this dividend stock</p>\n<p><b>Daniel Foelber&nbsp;(Waste Management):</b>You may want to keep your distance when passing one of the hundreds of landfills owned by Waste Management, North America's largest integrated trash and recycling services company. But the company's stock performance has left investors smelling like a rose. Waste Management stock is up over 20% so far this year and just blasted to a new all-time high last week.</p>\n<p>While trash and recycling are a steady business model that tends to perform in good times and bad, Waste Management generates a substantial amount of revenue from its industrial and commercial clients. As business slowed during the pandemic, these businesses naturally produced less waste, which presented a challenge. The company responded by implementing cost-cutting measures, many of whichit expects will be permanent.</p>\n<p>These strategic decisions along with its resilient and diversified customer base across a slew of different industries helped it generate plenty of free cash flow (FCF) and net incometo support its dividend. The company just raised its dividend for the 18th consecutive year andinstituted a new share buyback program. All told, the company plans to distribute nearly $1 billion in dividends and buy back up to $1.35 billion in stock this year.</p>\n<p>Waste Management has the potential to combine its stable andrecession resilientbusiness model with the upside of environmentally conscious consumers who are increasingly interested in limiting waste output. During a recent talk at WasteExpo 2021, CEO Jim Fish highlighted the role Waste Management could play in managing and providing the waste necessary for companies to produce plastics and chemicals from sustainably sourced materials. Converting this proposition to profit remains uncertain. But it's a nice long-term trend that's worth following.</p>\n<p><b>Hitch a ride with this EV superstar</b></p>\n<p><b>Scott Levine(NIO):</b>NIO sputtered along during the first five months of 2021, falling nearly 21%, but the company's stock has taken a U-turn over the past few weeks and is charging higher. In fact, shares of NIO soared nearly 38% inJune&nbsp;while the<b>S&amp;P 500</b>crept more than 2% higher. And there's plenty of reason to believe that this EV manufacturer can continue racing ahead in the days to come.</p>\n<p>Inthe first quarter of 2021, NIO reported strong growth in the number of deliveries. Achieving a company quarterly record, NIO delivered 20,060 vehicles in the first quarter of the new year, representing year-over-year growth of 490%. But the record was short-lived. Last week, NIO announced that it delivered 21,896 vehicles, a year-over-year increase of 112%, in the second quarter, representing a new quarterly high-water mark.</p>\n<p>Looking beyond the second quarter, investors will find that the company is working at expanding its charging infrastructure in China through 2021 -- a move that will help assuage the fears of potential customers who are worried about the convenience of charging their vehicles. As of the end of the first quarter, NIO had 206 battery swap stations, yet management forecasts expanding this to over 700 stations by the end of the year. In addition, the company, which had 146 charging stations in its network at the end of March, plans on growing this out to 600 charging stations by year-end.</p>\n<p>Besides its efforts to grow its presence in China, NIO aspires to gain a foothold in Europe as well. Last month, the company announced it received approval for the production of its SUV, NIO ES8, including approval for the associated license registrations of the vehicle. The company plans to deliver the first vehicles to Norway, which will be NIO's first overseas market, in September.</p>\n<p>Providing customers in China with a variety of solutions for keeping their vehicles charged, NIO is aggressively addressing the range anxiety that plagues potential EV owners. It plans on bringing a similar suite of solutions to Europe when it begins deliveries of the vehicles -- something that is distinguishing it from its peers and which should help the company continue on the road to future growth.</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>3 Red-Hot Stocks That Could Continue to Crush the 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\">\n3 Red-Hot Stocks That Could Continue to Crush the Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZBRA":"斑马技术","WM":"美国废物管理","NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121762629","content_text":"These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. It sports a fair share of up-and-coming growth stocks, as well as large traditional businesses -- many of which are beating the market.\nWe asked some of our contributors which stocks they thought could continue to crush the market. They chose Zebra Technologies(NASDAQ:ZBRA),Waste Management(NYSE:WM), and NIO(NYSE:NIO).\nZebra Technologies stands out from the crowd\nLee Samaha(Zebra Technologies):Zebra's stock is up 111% over the last year and by 39% in 2021. That's a comfortable outperformance, and it comes as the company's technology has come to the fore during the pandemic.\nZebra is a manufacturer of what management calls \"enterprise asset intelligence\" solutions. In plain English, mobile computers, barcode scanners, specialty printers, RFID printers and readers, and other products are used by workers to gather information. Real-world examples of its technology include e-commerce warehouses using scanners to monitor workflows, retailers managing inventory, and healthcare workers tracking and tracing medical products.\nGlobal supply chains came under a lot of stress during the pandemic, so, understandably, many companies are making investments in Zebra's technologies a priority. Whether companies are looking to invest in automating production in a warehouse or capturing data to use with advanced analytics in a retail or healthcare environment, Zebra's hardware and software solutions have the answer.\nAs such, management expects adjusted net sales growth of 18% to 22% in 2021, having started the year forecasting 10% to 14%. Clearly, momentum is behind the company, and it's likely the expansion of smart automation and digitization in the industrial economy is going to encourage multi-year growth in sales of Zebra's solutions.\nTrading on 31 times estimated 2021 earnings, Zebra wouldn't be seen as avalue stockby most. Still, investors should keep an eye out for its results because it wouldn't be a surprise to see Zebra upgrade guidance again, given the reopening economy.\nDon't trash this dividend stock\nDaniel Foelber (Waste Management):You may want to keep your distance when passing one of the hundreds of landfills owned by Waste Management, North America's largest integrated trash and recycling services company. But the company's stock performance has left investors smelling like a rose. Waste Management stock is up over 20% so far this year and just blasted to a new all-time high last week.\nWhile trash and recycling are a steady business model that tends to perform in good times and bad, Waste Management generates a substantial amount of revenue from its industrial and commercial clients. As business slowed during the pandemic, these businesses naturally produced less waste, which presented a challenge. The company responded by implementing cost-cutting measures, many of whichit expects will be permanent.\nThese strategic decisions along with its resilient and diversified customer base across a slew of different industries helped it generate plenty of free cash flow (FCF) and net incometo support its dividend. The company just raised its dividend for the 18th consecutive year andinstituted a new share buyback program. All told, the company plans to distribute nearly $1 billion in dividends and buy back up to $1.35 billion in stock this year.\nWaste Management has the potential to combine its stable andrecession resilientbusiness model with the upside of environmentally conscious consumers who are increasingly interested in limiting waste output. During a recent talk at WasteExpo 2021, CEO Jim Fish highlighted the role Waste Management could play in managing and providing the waste necessary for companies to produce plastics and chemicals from sustainably sourced materials. Converting this proposition to profit remains uncertain. But it's a nice long-term trend that's worth following.\nHitch a ride with this EV superstar\nScott Levine(NIO):NIO sputtered along during the first five months of 2021, falling nearly 21%, but the company's stock has taken a U-turn over the past few weeks and is charging higher. In fact, shares of NIO soared nearly 38% inJune while theS&P 500crept more than 2% higher. And there's plenty of reason to believe that this EV manufacturer can continue racing ahead in the days to come.\nInthe first quarter of 2021, NIO reported strong growth in the number of deliveries. Achieving a company quarterly record, NIO delivered 20,060 vehicles in the first quarter of the new year, representing year-over-year growth of 490%. But the record was short-lived. Last week, NIO announced that it delivered 21,896 vehicles, a year-over-year increase of 112%, in the second quarter, representing a new quarterly high-water mark.\nLooking beyond the second quarter, investors will find that the company is working at expanding its charging infrastructure in China through 2021 -- a move that will help assuage the fears of potential customers who are worried about the convenience of charging their vehicles. As of the end of the first quarter, NIO had 206 battery swap stations, yet management forecasts expanding this to over 700 stations by the end of the year. In addition, the company, which had 146 charging stations in its network at the end of March, plans on growing this out to 600 charging stations by year-end.\nBesides its efforts to grow its presence in China, NIO aspires to gain a foothold in Europe as well. Last month, the company announced it received approval for the production of its SUV, NIO ES8, including approval for the associated license registrations of the vehicle. The company plans to deliver the first vehicles to Norway, which will be NIO's first overseas market, in September.\nProviding customers in China with a variety of solutions for keeping their vehicles charged, NIO is aggressively addressing the range anxiety that plagues potential EV owners. It plans on bringing a similar suite of solutions to Europe when it begins deliveries of the vehicles -- something that is distinguishing it from its peers and which should help the company continue on the road to future growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128038578,"gmtCreate":1624494921194,"gmtModify":1703838230825,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128038578","repostId":"2145531099","repostType":4,"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128033781,"gmtCreate":1624494883143,"gmtModify":1703838228403,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"Because printing more money...","listText":"Because printing more money...","text":"Because printing more money...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128033781","repostId":"1198462718","repostType":4,"repost":{"id":"1198462718","pubTimestamp":1624448358,"share":"https://ttm.financial/m/news/1198462718?lang=&edition=fundamental","pubTime":"2021-06-23 19:39","market":"us","language":"en","title":"Why U.S. stocks face a tough decade ahead even if corporate revenues are strong","url":"https://stock-news.laohu8.com/highlight/detail?id=1198462718","media":"MarketWatch","summary":"Stock market’s return will grow at the same rate as the U.S. economy.\n\nMight there be hope, after al","content":"<blockquote>\n <b>Stock market’s return will grow at the same rate as the U.S. economy.</b>\n</blockquote>\n<p>Might there be hope, after all, for the U.S. stock market’s return over the next decade? I ask as a follow up tomy column earlier this monthin which I concluded that even under optimistic assumptions, the S&amp;P 500SPX,+0.51%over the next 10 years is unlikely to produce an annualized total real return greater than the low single-digits.</p>\n<p>My argument was that the stock market will not be able to count on the three pillars that have propped it up over the past decade — increasing valuations, profit margins and more buybacks than new shares issued (net buybacks).</p>\n<p>Some readers responded that I had overlooked an escape hatch which would enable the market to produce decent returns: corporate revenues can grow faster than the overall U.S. economy. To the extent this is so, then the stock market does not need any of those three pillars to do well.</p>\n<p>This escape hatch appears to have solid evidence behind it. Consider a recent note to clients from Jonathan Golub, chief U.S. equity strategist and head of quantitative research at Credit Suisse. He reported that, according to an econometric model he constructed based on S&amp;P 500 sales and GDP since 2000, “every 1% upside in nominal GDP drives 2½–3% improvement in revenues.”</p>\n<p>If so, this certainly would be good for stock investors. It would mean that even without increasing valuations, profit margins or net buybacks, the stock market could significantly outperform the overall economy.</p>\n<p>Unfortunately, this argument is too good to be true. I analyzed S&amp;P 500 sales back to the early 1970s (courtesy of data from Ned Davis Research), and found almost a 1:1 correlation between sales growth and GDP growth.</p>\n<p>This is entirely what we should expect, according to Robert Arnott, chairman and founder of Research Affiliates. In an email, he said that “aggregate sales should offer a pretty clean 1:1 relationship to GDP. Any other ratio makes no sense on a sustained basis.”</p>\n<p>How then did Golub come up with such a different answer? My hunch is that it traces to how he measured sales. In an email, Golub’s colleague Manish Bangard, an equity strategist at Credit Suisse, explained that they focused on sales per share. But, as Arnott points out, this per-share number reflects the impact of net buybacks. So the high sales-to-GDP ratio that Golub reports is not a pure measure of how sales growth relates to GDP. (I did not receive a response to my requests for additional comment.)</p>\n<p><b>Investment implication</b></p>\n<p>The implication is that we should not expect the U.S. stock market over the next decade to grow faster than the economy. It may in fact grow much more slowly if P/E ratios or profit margins regress even partway to their historical mean, or if net buybacks turn out to be negative (as they’ve been for most of U.S. history).</p>\n<p>But even if P/E ratios and profit margins stay constant between now and 2031 and there are no net buybacks, the lesson of history is that the U.S. market will grow no faster than the economy.</p>\n<p>Consider what that means. TheCongressional Budget Office is projectingthat real GDP from 2022 through 2031 will grow at a 1.8% annualized rate. Even that may be optimistic, because the CBO projects no recession between now and then.</p>\n<p>The bottom line: The stock market has its work cut out to produce even a fraction of the past decade’s fabulous return.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why U.S. stocks face a tough decade ahead even if corporate revenues are strong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy U.S. stocks face a tough decade ahead even if corporate revenues are strong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-u-s-stocks-face-a-tough-decade-ahead-even-if-corporate-revenues-are-strong-11624429824?siteid=yhoof2><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock market’s return will grow at the same rate as the U.S. economy.\n\nMight there be hope, after all, for the U.S. stock market’s return over the next decade? I ask as a follow up tomy column earlier...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-u-s-stocks-face-a-tough-decade-ahead-even-if-corporate-revenues-are-strong-11624429824?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/why-u-s-stocks-face-a-tough-decade-ahead-even-if-corporate-revenues-are-strong-11624429824?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198462718","content_text":"Stock market’s return will grow at the same rate as the U.S. economy.\n\nMight there be hope, after all, for the U.S. stock market’s return over the next decade? I ask as a follow up tomy column earlier this monthin which I concluded that even under optimistic assumptions, the S&P 500SPX,+0.51%over the next 10 years is unlikely to produce an annualized total real return greater than the low single-digits.\nMy argument was that the stock market will not be able to count on the three pillars that have propped it up over the past decade — increasing valuations, profit margins and more buybacks than new shares issued (net buybacks).\nSome readers responded that I had overlooked an escape hatch which would enable the market to produce decent returns: corporate revenues can grow faster than the overall U.S. economy. To the extent this is so, then the stock market does not need any of those three pillars to do well.\nThis escape hatch appears to have solid evidence behind it. Consider a recent note to clients from Jonathan Golub, chief U.S. equity strategist and head of quantitative research at Credit Suisse. He reported that, according to an econometric model he constructed based on S&P 500 sales and GDP since 2000, “every 1% upside in nominal GDP drives 2½–3% improvement in revenues.”\nIf so, this certainly would be good for stock investors. It would mean that even without increasing valuations, profit margins or net buybacks, the stock market could significantly outperform the overall economy.\nUnfortunately, this argument is too good to be true. I analyzed S&P 500 sales back to the early 1970s (courtesy of data from Ned Davis Research), and found almost a 1:1 correlation between sales growth and GDP growth.\nThis is entirely what we should expect, according to Robert Arnott, chairman and founder of Research Affiliates. In an email, he said that “aggregate sales should offer a pretty clean 1:1 relationship to GDP. Any other ratio makes no sense on a sustained basis.”\nHow then did Golub come up with such a different answer? My hunch is that it traces to how he measured sales. In an email, Golub’s colleague Manish Bangard, an equity strategist at Credit Suisse, explained that they focused on sales per share. But, as Arnott points out, this per-share number reflects the impact of net buybacks. So the high sales-to-GDP ratio that Golub reports is not a pure measure of how sales growth relates to GDP. (I did not receive a response to my requests for additional comment.)\nInvestment implication\nThe implication is that we should not expect the U.S. stock market over the next decade to grow faster than the economy. It may in fact grow much more slowly if P/E ratios or profit margins regress even partway to their historical mean, or if net buybacks turn out to be negative (as they’ve been for most of U.S. history).\nBut even if P/E ratios and profit margins stay constant between now and 2031 and there are no net buybacks, the lesson of history is that the U.S. market will grow no faster than the economy.\nConsider what that means. TheCongressional Budget Office is projectingthat real GDP from 2022 through 2031 will grow at a 1.8% annualized rate. Even that may be optimistic, because the CBO projects no recession between now and then.\nThe bottom line: The stock market has its work cut out to produce even a fraction of the past decade’s fabulous return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129737820,"gmtCreate":1624392664460,"gmtModify":1703835277483,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"time to buy?","listText":"time to buy?","text":"time to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129737820","repostId":"1190428306","repostType":4,"repost":{"id":"1190428306","pubTimestamp":1624376180,"share":"https://ttm.financial/m/news/1190428306?lang=&edition=fundamental","pubTime":"2021-06-22 23:36","market":"us","language":"en","title":"MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens","url":"https://stock-news.laohu8.com/highlight/detail?id=1190428306","media":"Bloomberg","summary":"Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, t","content":"<ul>\n <li>Bitcoin sinks below $30,000 for the first time in five months.</li>\n <li>MicroStrategy falls as much as 12%, the most since May.</li>\n</ul>\n<p>MicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000key levelfor the first time in five months.</p>\n<p>The enterprise software company fell as much as 12%, its steepest decline since May 19, leading a selloff in the shares of other crypto-linked firms as Bitcoinplunged, wiping out its entire gain for this year. The company’s shares are down more than 50% from since early February when it reached a 20-year high.</p>\n<p>MicroStrategy plummeted for a second session after revealing it bought $489 million of the virtual currency on Monday. The coin’s plunging value may trigger awritedownfor the tech company, which has become one of the strongest corporate advocates for Bitcoin.</p>\n<p>The company’s $500 million of junk-rated bonds issued earlier this monthdroppedto a new low of 97.75 cents on the dollar on Tuesday, according to Trace bond pricing data. Holders of those bonds have a claim on substantially all of the company’s business assets, in addition to the recently purchased Bitcoin.</p>\n<p>With Bitcoin dropping below $30,000 stocks with ties to the virtual currency industry were also getting pounded.</p>\n<p>Ebang International Holdings Inc. and Marathon Digital Holdings Inc. each fell about 11%. Other crypto-tied names like Galaxy Digital Holdings Ltd., DMG Blockchain Solutions Inc., Riot Blockchain Inc. and Diginex Ltd. also slumped. In Europe, Argo Blockchain Plc dropped 11%.</p>\n<p><img src=\"https://static.tigerbbs.com/be8d5a0859fc0983030b6509fd440adb\" tg-width=\"558\" tg-height=\"313\">Elon Musk’stweets about energy consumptionin crypto mining last week have also whipsawed the market and the cryptocurrency has slid for the past three days over regulatory worries and a China clampdown.</p>\n<p>“Not that long ago, China banned all cryptocurrency transactions, but now they’re cracking down and enforcing the crackdown. This a big deal,” Louis Navellier, a strategist for Navellier &amp; Associates wrote in a note to clients. “However, when one asset class suffers, money just goes elsewhere and obviously, the stock market’s doing very well right now.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, the most since May.\n\nMicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy Incorporated"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190428306","content_text":"Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, the most since May.\n\nMicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000key levelfor the first time in five months.\nThe enterprise software company fell as much as 12%, its steepest decline since May 19, leading a selloff in the shares of other crypto-linked firms as Bitcoinplunged, wiping out its entire gain for this year. The company’s shares are down more than 50% from since early February when it reached a 20-year high.\nMicroStrategy plummeted for a second session after revealing it bought $489 million of the virtual currency on Monday. The coin’s plunging value may trigger awritedownfor the tech company, which has become one of the strongest corporate advocates for Bitcoin.\nThe company’s $500 million of junk-rated bonds issued earlier this monthdroppedto a new low of 97.75 cents on the dollar on Tuesday, according to Trace bond pricing data. Holders of those bonds have a claim on substantially all of the company’s business assets, in addition to the recently purchased Bitcoin.\nWith Bitcoin dropping below $30,000 stocks with ties to the virtual currency industry were also getting pounded.\nEbang International Holdings Inc. and Marathon Digital Holdings Inc. each fell about 11%. Other crypto-tied names like Galaxy Digital Holdings Ltd., DMG Blockchain Solutions Inc., Riot Blockchain Inc. and Diginex Ltd. also slumped. In Europe, Argo Blockchain Plc dropped 11%.\nElon Musk’stweets about energy consumptionin crypto mining last week have also whipsawed the market and the cryptocurrency has slid for the past three days over regulatory worries and a China clampdown.\n“Not that long ago, China banned all cryptocurrency transactions, but now they’re cracking down and enforcing the crackdown. This a big deal,” Louis Navellier, a strategist for Navellier & Associates wrote in a note to clients. “However, when one asset class suffers, money just goes elsewhere and obviously, the stock market’s doing very well right now.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129930008,"gmtCreate":1624350074304,"gmtModify":1703834128302,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087111377660040","idStr":"4087111377660040"},"themes":[],"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129930008","repostId":"1100733883","repostType":4,"repost":{"id":"1100733883","pubTimestamp":1624347185,"share":"https://ttm.financial/m/news/1100733883?lang=&edition=fundamental","pubTime":"2021-06-22 15:33","market":"us","language":"en","title":"Where Will Amazon Stock Be In 10 Years? Probably Lower Than You Think","url":"https://stock-news.laohu8.com/highlight/detail?id=1100733883","media":"seekingalpha","summary":"Summary\n\nDigging into AMZN, I found that after nearly doubling in price since the start of the pande","content":"<p><b>Summary</b></p>\n<ul>\n <li>Digging into AMZN, I found that after nearly doubling in price since the start of the pandemic, there isn't a whole lot of upside at today's prices.</li>\n <li>This is consistent with other work-from-home stocks I've analyzed.</li>\n <li>I'm projecting low-to-mid single-digit returns over the next decade for Amazon stock based on my own earnings modeling.</li>\n <li>There are important risks to Amazon from the competition, antitrust, and its high valuation.</li>\n</ul>\n<p><b>Is It Too Late to Buy Amazon?</b></p>\n<p>My recent series on<i>Seeking Alpha</i>has coveredpopular tech stocksand asked where they would trade in 5 years based on their valuations and earnings growth prospects. The series has been a hit. The general consensus is that while I expect large-cap tech to continue to have success in growing earnings, tech valuations are clearly outrunning earnings growth, meaning that the 20+ percent returns that investors are accustomed to in tech are unsustainable. Most large-cap stocks I've analyzed are offering 5 to 8 percent annual returns at current prices due to the remarkable surge in valuations since the start of the pandemic. Next up is the quintessential 21st-century growth stock, Amazon (AMZN).</p>\n<p>For this article, we're going to take it a step further and ask where Amazon stock will be in 10 years, in a nod to the company's remarkable growth. Since the start of the 21st century, Amazon has moved a substantial portion of commerce in the Western world from brick-and-mortar retailers to the internet, and built a massive cloud computing business from scratch. After splitting its stock several times in the late 1990s, Amazon went from about $80 per share in 2000 down to a low of less than $6 in the dot-com bust, to today's price of nearly $3500 per share. To understand where Amazon is going, first, you have to understand how it got to where it is.</p>\n<p><img src=\"https://static.tigerbbs.com/e7a341c7377e4554805faee634850885\" tg-width=\"635\" tg-height=\"435\" referrerpolicy=\"no-referrer\">Data by YCharts</p>\n<p>I would argue that there have been 3 phases in Amazon's history.</p>\n<ul>\n <li>The first phase was the dot-com boom and bust. At the time, Amazon was a small company that mostly sold books, music, and videos online. Wall Street got behind the stock, and money started pouring in. Media entrepreneur Henry Blodget, then an analyst for Oppenheimer,famously put a price target that was nearly double what the stock was trading for, only to see the stock surge through his price target in weeks. 2000 rolled around, the Fed pulled the punch bowl, and Amazon stock soon fell over 90 percent. In the first phase, investors clearly got overexcited about the prospects of Amazon and many other internet stocks. Amazon wouldn't take out the old high for nearly a decade, while many other dot-com companies simply disappeared.</li>\n <li>The second phase started in 2006 with the introduction of cloud computing. AWS had existed in limited formsince the early 2000s, but the launch of the cloud storage business by Andy Jassy, then a young executive at Amazon, would become a slow-motion home run as data needs for businesses grew exponentially over the next 15 years. By 2012, AWS revenue was over $1.5 billion. In a watershed moment that year, Netflix (NFLX) CEO Reed Hastings announced plans to move 100 percent of Netflix's infrastructure to AWS. By 2015, revenue hit $5 billion, by 2017, it was nearly $18 billion, and last year's revenue was nearly $50 billion and operating profit from AWS accounted fornearly two-thirds of Amazon's total operating profit. AWS drove Amazon's stock price and will continue to be the key driver in the future. As goes AWS, so goes Amazon.</li>\n <li>The third phase of Amazon's history is the coronavirus pandemic, which has seen a surge in AMZN's share price. With retailers shut down all over the world, Amazon became a lifeline to consumers battling shortages of goods and stay-at-home restrictions, and during the pandemic, Amazon asserted its position as the world's largest retailer. AWS's profits soared during the pandemic over big prior year comparables as companies increasingly turned to the internet to replace the work they used to do at offices. Since the start of the pandemic, Amazon's stock has nearly doubled.</li>\n</ul>\n<p>The question of whether it's too late to buy Amazon can only be answered by evaluating the company's valuation and growth prospects. Amazon is a hard stock to value because it operated at breakeven for many years in its growth phase, but as the company has matured I'm better able to make educated guesses at long-range forecasts for Amazon's prospects. And for Amazon shareholders, the main question now is whether the company can continue to grow earnings at rates close to what it has in the past.</p>\n<p><b>Does Amazon Stock Still Have Room to Grow?</b></p>\n<p>Amazon's share price has risen sharply during the pandemic. There are two schools of thought here.</p>\n<ol>\n <li>The first school of thought is that the pandemic has fundamentally reordered the world, giving an advantage to Amazon that it can continue to press. Under this view, Amazon stock is undervalued.</li>\n <li>The second school of thought is that the coronavirus pandemic priced in future growth for Amazon and other big companies and that this growth will slow. If this is the case and growth slows sufficiently, the previous advances in Amazon's share price are overdone and future returns will be low.</li>\n</ol>\n<p>Amazon trades for63x 2021 earnings and 48x consensus 2022 earnings.This makes the stock very risky if growth comes in below expectations in the future. As you go further out in the future, fewer analysts are willing to publish revenue and profit estimates, but we can get at least 5 sell-side analysts out to 2026, and the numbers until then are impressive. The analyst consensus is for earnings to grow byaround 30 percent annually for the next 5 years!I'm not so sure that growth can be achieved on this scale going forward, although no one knows for sure. The thinking here is that AWS will drive earnings growth, which is very likely to be true. How fast the earnings grow is what will make or break Amazon over the next 5-10 years.</p>\n<p>Interestingly, revenue growth is expected to be slower than earnings growth, averaging in the mid-teens. This is a contradiction that is apparently explained by the fact that analysts expect Amazon's profit margins to sequentially improve, which is not a given when your competitors include Google(NASDAQ:GOOG)(GOOGL) and Microsoft (MSFT).</p>\n<p>With this in mind, this is how fast AWS revenue has grown over the last decade.</p>\n<p><b>Yearly revenue growth rate, AWS</b></p>\n<p><img src=\"https://static.tigerbbs.com/454a1a6260ac83154c489246ddf9100b\" tg-width=\"640\" tg-height=\"429\"></p>\n<p><i>Source:Statista</i></p>\n<p>As you can see here, AWS revenue growth has slowed over time, but recently ticked up. In addition to revenue, Amazon reports operating profit for AWS but not figures for net income. However, as a whole, Amazon doesn't convert all of its operating income into net income, with the difference going to expenses like depreciation, amortization, and the ~$10 billion in stock options Amazon paid out last year to retain talent. Still, AWS is close to or above thewell-known rule of 40, and every year it stays at or above the rule of 40 Amazon's fundamental value increases. When growth eventually does slow for AWS, Amazon shareholders will be forced to reevaluate how much the stock is worth.</p>\n<p><b>Where Will Amazon Stock Be in 10 Years?</b></p>\n<p>We already know that AWS represents about 2/3rds of Amazon's profit (Amazon is expected to earn $55 EPS in 2021, so I'll assign $36 of that to AWS and $19 to everything else. Amazon doesn't disclose this in their financials so I'm making an educated guess). Let's do some handicapping. Let's say AWS income grows by 25 percent for the next 5 years (i.e. triples in 5 years) and grows 5 percent after, at which point the business is mature. For the rest of Amazon's business, we'll assume it grows at 10 percent for 5 years and 5 percent after.</p>\n<p>Under my forecast, AWS income would grow from $36/share to $110/share in 5 years, while other income would grow to $31/share. In sum, I calculate that Amazon would earn $141/share in 2026, which puts my best-guess estimate above the lowest sell-side earnings estimate but below the median estimate (I previously had estimatedEPS of $150 by 2025 the last time I covered Amazon, this update reflects my new modeling - I'm less sunny on AMZN's prospects the more I dig into its financials).</p>\n<p>In 2031, assuming 5 percent growth from maturity in 2026, my ballpark estimate for Amazon's earnings is $180 per share. As Amazon's growth slows to earth, I would expect the multiple to shrink a bit, to 28x by 2026, and to 25x by 2031. This gets me a new price target for Amazon of roughly $4000 by 2026 and $4500 by 2031. If you think the multiples will be higher on AMZN stock then add a few hundred dollars to both estimates.</p>\n<p>This is indicative of low-to-mid single-digit expected annual returns for Amazon stock. I do indeed think that the law of large numbers will eventually apply to Amazon and that their revenue growth won't continue like this forever. After all, we just came out of a pandemic, which was one of the best possible macro events that could happen to Amazon. Extrapolating future growth for work-from-home stocks when their products were influenced by pandemic demand and government restrictions is not going to match future reality in many cases.</p>\n<p>When you model Amazon's earnings, the future price estimates are very sensitive to the growth rate, which cuts both ways. If Amazon grows earnings faster for several years, the stock will appreciate correspondingly, maybe to $5000 or higher, but if growth slows, the 48x multiple will slowly bleed away, as has happened to thousands of tech companies in the past, and as happened to Amazon itself from 2000 to 2008. Obviously, the stock returns are very sensitive to the growth rate, if Amazon grows earnings to $300 per share like the high analyst estimate suggests by 2026 and then grows from there, then AMZN is easily a $7000+ stock. However, in my view, this would require implausibly high growth rates.</p>\n<p>I believe that when analysts hang these very high earnings numbers far out in the future that they're biased by what has happened in the past. Analysts underestimated AWS before, but now everyone is talking about AWS, which makes me think that they might be too excited about WFH plays just the same way people were overexcited about sections of tech in 2000. I would not, under any circumstances expect that companies that grew 30+ percent during COVID should continue to do so in the future unless proven otherwise.</p>\n<p>Amazon's valuation is high in part because it's one of the biggest holdings of the NASDAQ, which gets index money irrespective of whether the companies can continue to grow. Based on fundamentals, I expect several of the top NASDAQ holdings to see negative returns going forward, while others are likely to see low but positive returns. That is how tech investing works, by the way, your winners cover your losers. In Amazon's case, I see a lot of plausible ways it can go down and fewer ways it can go up. This is almost entirely due to the price change between the start of the pandemic and now.</p>\n<p><b>Risks to Amazon Stock</b></p>\n<ol>\n <li>Amazon is somewhat unusual forcapping salaries at $160kand paying the rest in restricted stock, which made some of its employees very rich, but partially at the expense of others who quit or were fired before their stock vests. The salary figures are significantly lower than other tech companies, while the stock component is higher. The turnover at Amazon appears to be dramatically higher than competitors like Google, which is known for having a gentler culture than Amazon. The business risk here is that since so much compensation is in stock and Amazon's corporate culture is so cutthroat, a falling share price could create a vicious cycle where talent leaves, leading to worse business performance, which then reinforces the cycle. The rising stock price led many employees and executives to tolerate the brutal culture at Amazon in the past, but if the stock does not continue to rise then Amazon could quickly have problems attracting and retaining talent. I've seen this happen before to companies in tech and finance, and it's not pretty when the negative feedback loop gets rolling. It's not something that is guaranteed to happen, but it is a risk I would consider.</li>\n <li>Antitrust could very possibly be an issue for Amazon. Amazon is facing anantitrust lawsuit in DCover the so-called most favored nation clause in its contract with third-party sellers. The Democratic House of Representatives antitrust subcommittee has Amazon inits crosshairs as well. Amazon is likely to argue that their business dominance is because they've reduced prices for consumers, but the real antitrust threat, in the long run, is that AWS will be broken up. When Amazon decided to block Parler from using AWS hosting, it made a decision that is likely to cause Republicans to take legal action against them in the future if they regain control of the White House. This is within the 10-year period that this article covers, and memories can be quite long in politics. Even without the Parler issue, Amazon's leadership is excessively involved in politics compared to competitors, which creates downside risk for shareholders. Politicians don't have to cause Amazon losses to cause pain for shareholders, because the valuation is so high, all they have to do is slow down the growth rate. The Federal government did not succeed inits bid to break up Microsoft in 2001, but Microsoft's share performance during the early 2000s was dismal.</li>\n <li>Competition is another risk that comes to mind. Amazon currently has a dominant market position, but as you read this, people at Microsoft and Google are looking for ways to cut into Amazon's market share. Amazon is \"king of the hill,\" but in tech, there are plenty of companies that had high valuations in 2000 and aren't kings anymore. This is Amazon's first time on top of the NASDAQ, and while Amazon's foresight got them to the top, I question whether they will necessarily be able to stay there. There are different skill sets required to get to the top and stay there, and the level of turnover at Amazon may make the next phase of their growth more challenging than it would be otherwise.</li>\n</ol>\n<p><b>Conclusion</b></p>\n<p>High-growth stocks like Amazon are notoriously hard to value. Analysts continually underestimated AWS, which drove Amazon stock to where it is today. Now, based on revenue growth trends and back-of-the-envelope calculations it looks to me like they're overestimating it, given increased competition and industry maturity. This is classic Wall Street, for analysts to initially underestimate a trend and then hop on the train only to overestimate it.</p>\n<p>There's an old joke that if you add up all of the management market share projections in any industry they'll add up to well over 100 percent, and I think the same is true for cloud computing stocks at the moment. While I expect Amazon will grow into its valuation and at least have some positive return for shareholders, I don't expect much upside from the stock, and there are risks to the downside related to competition, antitrust, and valuation.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will Amazon Stock Be In 10 Years? Probably Lower Than You Think</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\">\nWhere Will Amazon Stock Be In 10 Years? Probably Lower Than You Think\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435898-amazon-stock-10-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDigging into AMZN, I found that after nearly doubling in price since the start of the pandemic, there isn't a whole lot of upside at today's prices.\nThis is consistent with other work-from-...</p>\n\n<a href=\"https://seekingalpha.com/article/4435898-amazon-stock-10-years\">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/4435898-amazon-stock-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1100733883","content_text":"Summary\n\nDigging into AMZN, I found that after nearly doubling in price since the start of the pandemic, there isn't a whole lot of upside at today's prices.\nThis is consistent with other work-from-home stocks I've analyzed.\nI'm projecting low-to-mid single-digit returns over the next decade for Amazon stock based on my own earnings modeling.\nThere are important risks to Amazon from the competition, antitrust, and its high valuation.\n\nIs It Too Late to Buy Amazon?\nMy recent series onSeeking Alphahas coveredpopular tech stocksand asked where they would trade in 5 years based on their valuations and earnings growth prospects. The series has been a hit. The general consensus is that while I expect large-cap tech to continue to have success in growing earnings, tech valuations are clearly outrunning earnings growth, meaning that the 20+ percent returns that investors are accustomed to in tech are unsustainable. Most large-cap stocks I've analyzed are offering 5 to 8 percent annual returns at current prices due to the remarkable surge in valuations since the start of the pandemic. Next up is the quintessential 21st-century growth stock, Amazon (AMZN).\nFor this article, we're going to take it a step further and ask where Amazon stock will be in 10 years, in a nod to the company's remarkable growth. Since the start of the 21st century, Amazon has moved a substantial portion of commerce in the Western world from brick-and-mortar retailers to the internet, and built a massive cloud computing business from scratch. After splitting its stock several times in the late 1990s, Amazon went from about $80 per share in 2000 down to a low of less than $6 in the dot-com bust, to today's price of nearly $3500 per share. To understand where Amazon is going, first, you have to understand how it got to where it is.\nData by YCharts\nI would argue that there have been 3 phases in Amazon's history.\n\nThe first phase was the dot-com boom and bust. At the time, Amazon was a small company that mostly sold books, music, and videos online. Wall Street got behind the stock, and money started pouring in. Media entrepreneur Henry Blodget, then an analyst for Oppenheimer,famously put a price target that was nearly double what the stock was trading for, only to see the stock surge through his price target in weeks. 2000 rolled around, the Fed pulled the punch bowl, and Amazon stock soon fell over 90 percent. In the first phase, investors clearly got overexcited about the prospects of Amazon and many other internet stocks. Amazon wouldn't take out the old high for nearly a decade, while many other dot-com companies simply disappeared.\nThe second phase started in 2006 with the introduction of cloud computing. AWS had existed in limited formsince the early 2000s, but the launch of the cloud storage business by Andy Jassy, then a young executive at Amazon, would become a slow-motion home run as data needs for businesses grew exponentially over the next 15 years. By 2012, AWS revenue was over $1.5 billion. In a watershed moment that year, Netflix (NFLX) CEO Reed Hastings announced plans to move 100 percent of Netflix's infrastructure to AWS. By 2015, revenue hit $5 billion, by 2017, it was nearly $18 billion, and last year's revenue was nearly $50 billion and operating profit from AWS accounted fornearly two-thirds of Amazon's total operating profit. AWS drove Amazon's stock price and will continue to be the key driver in the future. As goes AWS, so goes Amazon.\nThe third phase of Amazon's history is the coronavirus pandemic, which has seen a surge in AMZN's share price. With retailers shut down all over the world, Amazon became a lifeline to consumers battling shortages of goods and stay-at-home restrictions, and during the pandemic, Amazon asserted its position as the world's largest retailer. AWS's profits soared during the pandemic over big prior year comparables as companies increasingly turned to the internet to replace the work they used to do at offices. Since the start of the pandemic, Amazon's stock has nearly doubled.\n\nThe question of whether it's too late to buy Amazon can only be answered by evaluating the company's valuation and growth prospects. Amazon is a hard stock to value because it operated at breakeven for many years in its growth phase, but as the company has matured I'm better able to make educated guesses at long-range forecasts for Amazon's prospects. And for Amazon shareholders, the main question now is whether the company can continue to grow earnings at rates close to what it has in the past.\nDoes Amazon Stock Still Have Room to Grow?\nAmazon's share price has risen sharply during the pandemic. There are two schools of thought here.\n\nThe first school of thought is that the pandemic has fundamentally reordered the world, giving an advantage to Amazon that it can continue to press. Under this view, Amazon stock is undervalued.\nThe second school of thought is that the coronavirus pandemic priced in future growth for Amazon and other big companies and that this growth will slow. If this is the case and growth slows sufficiently, the previous advances in Amazon's share price are overdone and future returns will be low.\n\nAmazon trades for63x 2021 earnings and 48x consensus 2022 earnings.This makes the stock very risky if growth comes in below expectations in the future. As you go further out in the future, fewer analysts are willing to publish revenue and profit estimates, but we can get at least 5 sell-side analysts out to 2026, and the numbers until then are impressive. The analyst consensus is for earnings to grow byaround 30 percent annually for the next 5 years!I'm not so sure that growth can be achieved on this scale going forward, although no one knows for sure. The thinking here is that AWS will drive earnings growth, which is very likely to be true. How fast the earnings grow is what will make or break Amazon over the next 5-10 years.\nInterestingly, revenue growth is expected to be slower than earnings growth, averaging in the mid-teens. This is a contradiction that is apparently explained by the fact that analysts expect Amazon's profit margins to sequentially improve, which is not a given when your competitors include Google(NASDAQ:GOOG)(GOOGL) and Microsoft (MSFT).\nWith this in mind, this is how fast AWS revenue has grown over the last decade.\nYearly revenue growth rate, AWS\n\nSource:Statista\nAs you can see here, AWS revenue growth has slowed over time, but recently ticked up. In addition to revenue, Amazon reports operating profit for AWS but not figures for net income. However, as a whole, Amazon doesn't convert all of its operating income into net income, with the difference going to expenses like depreciation, amortization, and the ~$10 billion in stock options Amazon paid out last year to retain talent. Still, AWS is close to or above thewell-known rule of 40, and every year it stays at or above the rule of 40 Amazon's fundamental value increases. When growth eventually does slow for AWS, Amazon shareholders will be forced to reevaluate how much the stock is worth.\nWhere Will Amazon Stock Be in 10 Years?\nWe already know that AWS represents about 2/3rds of Amazon's profit (Amazon is expected to earn $55 EPS in 2021, so I'll assign $36 of that to AWS and $19 to everything else. Amazon doesn't disclose this in their financials so I'm making an educated guess). Let's do some handicapping. Let's say AWS income grows by 25 percent for the next 5 years (i.e. triples in 5 years) and grows 5 percent after, at which point the business is mature. For the rest of Amazon's business, we'll assume it grows at 10 percent for 5 years and 5 percent after.\nUnder my forecast, AWS income would grow from $36/share to $110/share in 5 years, while other income would grow to $31/share. In sum, I calculate that Amazon would earn $141/share in 2026, which puts my best-guess estimate above the lowest sell-side earnings estimate but below the median estimate (I previously had estimatedEPS of $150 by 2025 the last time I covered Amazon, this update reflects my new modeling - I'm less sunny on AMZN's prospects the more I dig into its financials).\nIn 2031, assuming 5 percent growth from maturity in 2026, my ballpark estimate for Amazon's earnings is $180 per share. As Amazon's growth slows to earth, I would expect the multiple to shrink a bit, to 28x by 2026, and to 25x by 2031. This gets me a new price target for Amazon of roughly $4000 by 2026 and $4500 by 2031. If you think the multiples will be higher on AMZN stock then add a few hundred dollars to both estimates.\nThis is indicative of low-to-mid single-digit expected annual returns for Amazon stock. I do indeed think that the law of large numbers will eventually apply to Amazon and that their revenue growth won't continue like this forever. After all, we just came out of a pandemic, which was one of the best possible macro events that could happen to Amazon. Extrapolating future growth for work-from-home stocks when their products were influenced by pandemic demand and government restrictions is not going to match future reality in many cases.\nWhen you model Amazon's earnings, the future price estimates are very sensitive to the growth rate, which cuts both ways. If Amazon grows earnings faster for several years, the stock will appreciate correspondingly, maybe to $5000 or higher, but if growth slows, the 48x multiple will slowly bleed away, as has happened to thousands of tech companies in the past, and as happened to Amazon itself from 2000 to 2008. Obviously, the stock returns are very sensitive to the growth rate, if Amazon grows earnings to $300 per share like the high analyst estimate suggests by 2026 and then grows from there, then AMZN is easily a $7000+ stock. However, in my view, this would require implausibly high growth rates.\nI believe that when analysts hang these very high earnings numbers far out in the future that they're biased by what has happened in the past. Analysts underestimated AWS before, but now everyone is talking about AWS, which makes me think that they might be too excited about WFH plays just the same way people were overexcited about sections of tech in 2000. I would not, under any circumstances expect that companies that grew 30+ percent during COVID should continue to do so in the future unless proven otherwise.\nAmazon's valuation is high in part because it's one of the biggest holdings of the NASDAQ, which gets index money irrespective of whether the companies can continue to grow. Based on fundamentals, I expect several of the top NASDAQ holdings to see negative returns going forward, while others are likely to see low but positive returns. That is how tech investing works, by the way, your winners cover your losers. In Amazon's case, I see a lot of plausible ways it can go down and fewer ways it can go up. This is almost entirely due to the price change between the start of the pandemic and now.\nRisks to Amazon Stock\n\nAmazon is somewhat unusual forcapping salaries at $160kand paying the rest in restricted stock, which made some of its employees very rich, but partially at the expense of others who quit or were fired before their stock vests. The salary figures are significantly lower than other tech companies, while the stock component is higher. The turnover at Amazon appears to be dramatically higher than competitors like Google, which is known for having a gentler culture than Amazon. The business risk here is that since so much compensation is in stock and Amazon's corporate culture is so cutthroat, a falling share price could create a vicious cycle where talent leaves, leading to worse business performance, which then reinforces the cycle. The rising stock price led many employees and executives to tolerate the brutal culture at Amazon in the past, but if the stock does not continue to rise then Amazon could quickly have problems attracting and retaining talent. I've seen this happen before to companies in tech and finance, and it's not pretty when the negative feedback loop gets rolling. It's not something that is guaranteed to happen, but it is a risk I would consider.\nAntitrust could very possibly be an issue for Amazon. Amazon is facing anantitrust lawsuit in DCover the so-called most favored nation clause in its contract with third-party sellers. The Democratic House of Representatives antitrust subcommittee has Amazon inits crosshairs as well. Amazon is likely to argue that their business dominance is because they've reduced prices for consumers, but the real antitrust threat, in the long run, is that AWS will be broken up. When Amazon decided to block Parler from using AWS hosting, it made a decision that is likely to cause Republicans to take legal action against them in the future if they regain control of the White House. This is within the 10-year period that this article covers, and memories can be quite long in politics. Even without the Parler issue, Amazon's leadership is excessively involved in politics compared to competitors, which creates downside risk for shareholders. Politicians don't have to cause Amazon losses to cause pain for shareholders, because the valuation is so high, all they have to do is slow down the growth rate. The Federal government did not succeed inits bid to break up Microsoft in 2001, but Microsoft's share performance during the early 2000s was dismal.\nCompetition is another risk that comes to mind. Amazon currently has a dominant market position, but as you read this, people at Microsoft and Google are looking for ways to cut into Amazon's market share. Amazon is \"king of the hill,\" but in tech, there are plenty of companies that had high valuations in 2000 and aren't kings anymore. This is Amazon's first time on top of the NASDAQ, and while Amazon's foresight got them to the top, I question whether they will necessarily be able to stay there. There are different skill sets required to get to the top and stay there, and the level of turnover at Amazon may make the next phase of their growth more challenging than it would be otherwise.\n\nConclusion\nHigh-growth stocks like Amazon are notoriously hard to value. Analysts continually underestimated AWS, which drove Amazon stock to where it is today. Now, based on revenue growth trends and back-of-the-envelope calculations it looks to me like they're overestimating it, given increased competition and industry maturity. This is classic Wall Street, for analysts to initially underestimate a trend and then hop on the train only to overestimate it.\nThere's an old joke that if you add up all of the management market share projections in any industry they'll add up to well over 100 percent, and I think the same is true for cloud computing stocks at the moment. While I expect Amazon will grow into its valuation and at least have some positive return for shareholders, I don't expect much upside from the stock, and there are risks to the downside related to competition, antitrust, and valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9926990334,"gmtCreate":1671436548929,"gmtModify":1676538536094,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C52.SI\">$COMFORTDELGRO CORPORATION LTD(C52.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>buying with cpf, not much room for upward movement but have always gave&nbsp;good dividend. Now looks like historically&nbsp;ground floor to enter with lowest at 1.21 many years back. Hope increase in bus prices help with profit in next quarter.&nbsp;","listText":"<a href=\"https://ttm.financial/S/C52.SI\">$COMFORTDELGRO CORPORATION LTD(C52.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>buying with cpf, not much room for upward movement but have always gave&nbsp;good dividend. Now looks like historically&nbsp;ground floor to enter with lowest at 1.21 many years back. Hope increase in bus prices help with profit in next quarter.&nbsp;","text":"$COMFORTDELGRO CORPORATION LTD(C52.SI)$ buying with cpf, not much room for upward movement but have always gave good dividend. Now looks like historically ground floor to enter with lowest at 1.21 many years back. Hope increase in bus prices help with profit in next quarter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":19,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9926990334","isVote":1,"tweetType":1,"viewCount":897,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4097288159100340","authorId":"4097288159100340","name":"Ahqing","avatar":"https://community-static.tradeup.com/news/10c2543b053298a7d1a95c9a5007cc65","crmLevel":4,"crmLevelSwitch":0,"idStr":"4097288159100340","authorIdStr":"4097288159100340"},"content":"So long and not moving","text":"So long and not moving","html":"So long and not moving"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349548693422392,"gmtCreate":1726374742485,"gmtModify":1726374746527,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/5E2.SI\">$Seatrium Ltd(5E2.SI)$&nbsp;</a> bought at $0.12 before 20 to 1 merge, still loss unless price can go up to $2.40","listText":"<a href=\"https://ttm.financial/S/5E2.SI\">$Seatrium Ltd(5E2.SI)$&nbsp;</a> bought at $0.12 before 20 to 1 merge, still loss unless price can go up to $2.40","text":"$Seatrium Ltd(5E2.SI)$ bought at $0.12 before 20 to 1 merge, still loss unless price can go up to $2.40","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/349548693422392","isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4178332581629092","authorId":"4178332581629092","name":"Boybabyrage","avatar":"https://community-static.tradeup.com/news/5b59a07cca9804884b312ca8a7ac871d","crmLevel":8,"crmLevelSwitch":1,"idStr":"4178332581629092","authorIdStr":"4178332581629092"},"content":"I think this stock price can go around 2.5 to 3.0 by year end. Need to be patient, holding strong","text":"I think this stock price can go around 2.5 to 3.0 by year end. Need to be patient, holding strong","html":"I think this stock price can go around 2.5 to 3.0 by year end. Need to be patient, holding strong"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146111232,"gmtCreate":1626058417826,"gmtModify":1703752528447,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146111232","repostId":"1121762629","repostType":4,"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060876796,"gmtCreate":1651130339146,"gmtModify":1676534856050,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"Where to find this article?&nbsp;","listText":"Where to find this article?&nbsp;","text":"Where to find this article?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9060876796","repostId":"2230639418","repostType":2,"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145679737,"gmtCreate":1626223338129,"gmtModify":1703755759132,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/145679737","repostId":"1118898141","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583568085402852","authorId":"3583568085402852","name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","crmLevel":2,"crmLevelSwitch":0,"idStr":"3583568085402852","authorIdStr":"3583568085402852"},"content":"Talks forBroadcomInc. AVGO -0.36%to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their minds about a sale, people familiar with the matter said.","text":"Talks forBroadcomInc. AVGO -0.36%to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their minds about a sale, people familiar with the matter said.","html":"Talks forBroadcomInc. AVGO -0.36%to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their minds about a sale, people familiar with the matter said."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128033781,"gmtCreate":1624494883143,"gmtModify":1703838228403,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"Because printing more money...","listText":"Because printing more money...","text":"Because printing more money...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128033781","repostId":"1198462718","repostType":4,"repost":{"id":"1198462718","pubTimestamp":1624448358,"share":"https://ttm.financial/m/news/1198462718?lang=&edition=fundamental","pubTime":"2021-06-23 19:39","market":"us","language":"en","title":"Why U.S. stocks face a tough decade ahead even if corporate revenues are strong","url":"https://stock-news.laohu8.com/highlight/detail?id=1198462718","media":"MarketWatch","summary":"Stock market’s return will grow at the same rate as the U.S. economy.\n\nMight there be hope, after al","content":"<blockquote>\n <b>Stock market’s return will grow at the same rate as the U.S. economy.</b>\n</blockquote>\n<p>Might there be hope, after all, for the U.S. stock market’s return over the next decade? I ask as a follow up tomy column earlier this monthin which I concluded that even under optimistic assumptions, the S&amp;P 500SPX,+0.51%over the next 10 years is unlikely to produce an annualized total real return greater than the low single-digits.</p>\n<p>My argument was that the stock market will not be able to count on the three pillars that have propped it up over the past decade — increasing valuations, profit margins and more buybacks than new shares issued (net buybacks).</p>\n<p>Some readers responded that I had overlooked an escape hatch which would enable the market to produce decent returns: corporate revenues can grow faster than the overall U.S. economy. To the extent this is so, then the stock market does not need any of those three pillars to do well.</p>\n<p>This escape hatch appears to have solid evidence behind it. Consider a recent note to clients from Jonathan Golub, chief U.S. equity strategist and head of quantitative research at Credit Suisse. He reported that, according to an econometric model he constructed based on S&amp;P 500 sales and GDP since 2000, “every 1% upside in nominal GDP drives 2½–3% improvement in revenues.”</p>\n<p>If so, this certainly would be good for stock investors. It would mean that even without increasing valuations, profit margins or net buybacks, the stock market could significantly outperform the overall economy.</p>\n<p>Unfortunately, this argument is too good to be true. I analyzed S&amp;P 500 sales back to the early 1970s (courtesy of data from Ned Davis Research), and found almost a 1:1 correlation between sales growth and GDP growth.</p>\n<p>This is entirely what we should expect, according to Robert Arnott, chairman and founder of Research Affiliates. In an email, he said that “aggregate sales should offer a pretty clean 1:1 relationship to GDP. Any other ratio makes no sense on a sustained basis.”</p>\n<p>How then did Golub come up with such a different answer? My hunch is that it traces to how he measured sales. In an email, Golub’s colleague Manish Bangard, an equity strategist at Credit Suisse, explained that they focused on sales per share. But, as Arnott points out, this per-share number reflects the impact of net buybacks. So the high sales-to-GDP ratio that Golub reports is not a pure measure of how sales growth relates to GDP. (I did not receive a response to my requests for additional comment.)</p>\n<p><b>Investment implication</b></p>\n<p>The implication is that we should not expect the U.S. stock market over the next decade to grow faster than the economy. It may in fact grow much more slowly if P/E ratios or profit margins regress even partway to their historical mean, or if net buybacks turn out to be negative (as they’ve been for most of U.S. history).</p>\n<p>But even if P/E ratios and profit margins stay constant between now and 2031 and there are no net buybacks, the lesson of history is that the U.S. market will grow no faster than the economy.</p>\n<p>Consider what that means. TheCongressional Budget Office is projectingthat real GDP from 2022 through 2031 will grow at a 1.8% annualized rate. Even that may be optimistic, because the CBO projects no recession between now and then.</p>\n<p>The bottom line: The stock market has its work cut out to produce even a fraction of the past decade’s fabulous return.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why U.S. stocks face a tough decade ahead even if corporate revenues are strong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy U.S. stocks face a tough decade ahead even if corporate revenues are strong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-u-s-stocks-face-a-tough-decade-ahead-even-if-corporate-revenues-are-strong-11624429824?siteid=yhoof2><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock market’s return will grow at the same rate as the U.S. economy.\n\nMight there be hope, after all, for the U.S. stock market’s return over the next decade? I ask as a follow up tomy column earlier...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-u-s-stocks-face-a-tough-decade-ahead-even-if-corporate-revenues-are-strong-11624429824?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/why-u-s-stocks-face-a-tough-decade-ahead-even-if-corporate-revenues-are-strong-11624429824?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198462718","content_text":"Stock market’s return will grow at the same rate as the U.S. economy.\n\nMight there be hope, after all, for the U.S. stock market’s return over the next decade? I ask as a follow up tomy column earlier this monthin which I concluded that even under optimistic assumptions, the S&P 500SPX,+0.51%over the next 10 years is unlikely to produce an annualized total real return greater than the low single-digits.\nMy argument was that the stock market will not be able to count on the three pillars that have propped it up over the past decade — increasing valuations, profit margins and more buybacks than new shares issued (net buybacks).\nSome readers responded that I had overlooked an escape hatch which would enable the market to produce decent returns: corporate revenues can grow faster than the overall U.S. economy. To the extent this is so, then the stock market does not need any of those three pillars to do well.\nThis escape hatch appears to have solid evidence behind it. Consider a recent note to clients from Jonathan Golub, chief U.S. equity strategist and head of quantitative research at Credit Suisse. He reported that, according to an econometric model he constructed based on S&P 500 sales and GDP since 2000, “every 1% upside in nominal GDP drives 2½–3% improvement in revenues.”\nIf so, this certainly would be good for stock investors. It would mean that even without increasing valuations, profit margins or net buybacks, the stock market could significantly outperform the overall economy.\nUnfortunately, this argument is too good to be true. I analyzed S&P 500 sales back to the early 1970s (courtesy of data from Ned Davis Research), and found almost a 1:1 correlation between sales growth and GDP growth.\nThis is entirely what we should expect, according to Robert Arnott, chairman and founder of Research Affiliates. In an email, he said that “aggregate sales should offer a pretty clean 1:1 relationship to GDP. Any other ratio makes no sense on a sustained basis.”\nHow then did Golub come up with such a different answer? My hunch is that it traces to how he measured sales. In an email, Golub’s colleague Manish Bangard, an equity strategist at Credit Suisse, explained that they focused on sales per share. But, as Arnott points out, this per-share number reflects the impact of net buybacks. So the high sales-to-GDP ratio that Golub reports is not a pure measure of how sales growth relates to GDP. (I did not receive a response to my requests for additional comment.)\nInvestment implication\nThe implication is that we should not expect the U.S. stock market over the next decade to grow faster than the economy. It may in fact grow much more slowly if P/E ratios or profit margins regress even partway to their historical mean, or if net buybacks turn out to be negative (as they’ve been for most of U.S. history).\nBut even if P/E ratios and profit margins stay constant between now and 2031 and there are no net buybacks, the lesson of history is that the U.S. market will grow no faster than the economy.\nConsider what that means. TheCongressional Budget Office is projectingthat real GDP from 2022 through 2031 will grow at a 1.8% annualized rate. Even that may be optimistic, because the CBO projects no recession between now and then.\nThe bottom line: The stock market has its work cut out to produce even a fraction of the past decade’s fabulous return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982537605,"gmtCreate":1667207313907,"gmtModify":1676537877173,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"0.75% hike already priced in few weeks ago, will not have effect this time when announced. Think will rally if announce 0.5%","listText":"0.75% hike already priced in few weeks ago, will not have effect this time when announced. Think will rally if announce 0.5%","text":"0.75% hike already priced in few weeks ago, will not have effect this time when announced. Think will rally if announce 0.5%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982537605","repostId":"1182142847","repostType":4,"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080444572,"gmtCreate":1649910409840,"gmtModify":1676534605421,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>I suppose the rise in price these past week is due to the merger news in April 30th, and book value of share according to&nbsp;Google&nbsp;is $0.13? Any comments?","listText":"<a href=\"https://ttm.financial/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>I suppose the rise in price these past week is due to the merger news in April 30th, and book value of share according to&nbsp;Google&nbsp;is $0.13? Any comments?","text":"$SEMBCORP MARINE LTD(S51.SI)$I suppose the rise in price these past week is due to the merger news in April 30th, and book value of share according to Google is $0.13? Any comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080444572","isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128038578,"gmtCreate":1624494921194,"gmtModify":1703838230825,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128038578","repostId":"2145531099","repostType":4,"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129737820,"gmtCreate":1624392664460,"gmtModify":1703835277483,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"time to buy?","listText":"time to buy?","text":"time to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129737820","repostId":"1190428306","repostType":4,"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129930008,"gmtCreate":1624350074304,"gmtModify":1703834128302,"author":{"id":"4087111377660040","authorId":"4087111377660040","name":"LIMCHENGZU","avatar":"https://static.tigerbbs.com/43e678aa792b38b031003fe4d65fb7d9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087111377660040","authorIdStr":"4087111377660040"},"themes":[],"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129930008","repostId":"1100733883","repostType":4,"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}