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SanWangtikup

SanWangtikup

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10-31

$Trump Media & Technology(DJT)$ What happened today

02-08

$NVIDIA Corp(NVDA)$ [Miser]

02-05

[Speechless] [Speechless] [Sad]

@ZEROHERO:META Adds $200 Billion In Market Cap! What’s Next? 🤩

01-25

$Tesla Motors(TSLA)$

01-23

$Tesla Motors(TSLA)$ [Miser] [Miser] [Cool] [Cool]

01-04

[Cool] [Cool] [Miser] [Miser]

2023-12-23

$Tiger Brokers(TIGR)$ Merry Xmas 🤶

2023-12-20

[USD] [USD] [Cool] [Cool]

2023-12-05

Buy 🚀🚀🚀🚀🚀

2023-04-25

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2023-04-25

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The Top 3 Tech Stocks to Invest in for the Long-Term

2023-04-20

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Tesla, IBM, Las Vegas Sands, F5, AT&T, and More: U.S. Stocks To Watch

2023-04-18

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3 EV Stocks That Are Facing Serious Headwinds

2023-04-12

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Top Calls on Wall Street: Shopify, Goldman Sachs, Lockheed Martin and More

2023-04-12

Orbee

Elon Musk Complains about Selling Tesla Stock to Buy Twitter

2023-04-12

👍

It's Almost Time To Load Up On Tesla

2023-04-10

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Tesla, First Republic, TSMC, Micron And More: U.S. Stocks To Watch

2023-04-04

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Tesla Record Lifts Norway’s EV Sales Share to All-Time High

2023-04-03

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2023-04-03

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NIO Delivers 10,378 Vehicles in March 2023

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Technology(DJT)$&nbsp;</a> What happened today","listText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$&nbsp;</a> What happened today","text":"$Trump Media & Technology(DJT)$ What happened today","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365794142867584","isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":271509924602080,"gmtCreate":1707324396384,"gmtModify":1707324398971,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>[Miser]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>[Miser]&nbsp;&nbsp;","text":"$NVIDIA Corp(NVDA)$ [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/271509924602080","isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":270444156596448,"gmtCreate":1707064199118,"gmtModify":1707064232151,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"[Speechless]&nbsp;[Speechless]&nbsp;[Sad]&nbsp;&nbsp;","listText":"[Speechless]&nbsp;[Speechless]&nbsp;[Sad]&nbsp;&nbsp;","text":"[Speechless] [Speechless] [Sad]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/270444156596448","repostId":"269991833989240","repostType":1,"repost":{"id":269991833989240,"gmtCreate":1706925106198,"gmtModify":1707007802722,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3566532164444643","idStr":"3566532164444643"},"themes":[],"title":"META Adds $200 Billion In Market Cap! What’s Next? 🤩","htmlText":"Meta Platforms Inc. shares exploded 20% higher in Friday's trading - an eye-popping surge for a company of its size, and one that established numerous milestones in the process. Facebook parent company scores largest one-day market-cap gain in Wall Street history! Meta shares (META) easily set a new record. The stock ended the session at $474.99, whereas its current record finish was a $401.02 level set earlier this week. Meta's market-capitalization gains are even more notable, as the company added $204.5 billion to its valuation on the day. That made for the largest one-day market-cap haul in Wall Street history, according to Dow Jones Market Data- surpassing the $191.3 billion one-day gain that Amazon.com Inc. (AMZN) raked in back in February 2022. Meta's strong stock surge came after t","listText":"Meta Platforms Inc. shares exploded 20% higher in Friday's trading - an eye-popping surge for a company of its size, and one that established numerous milestones in the process. Facebook parent company scores largest one-day market-cap gain in Wall Street history! Meta shares (META) easily set a new record. The stock ended the session at $474.99, whereas its current record finish was a $401.02 level set earlier this week. Meta's market-capitalization gains are even more notable, as the company added $204.5 billion to its valuation on the day. That made for the largest one-day market-cap haul in Wall Street history, according to Dow Jones Market Data- surpassing the $191.3 billion one-day gain that Amazon.com Inc. (AMZN) raked in back in February 2022. Meta's strong stock surge came after t","text":"Meta Platforms Inc. shares exploded 20% higher in Friday's trading - an eye-popping surge for a company of its size, and one that established numerous milestones in the process. Facebook parent company scores largest one-day market-cap gain in Wall Street history! Meta shares (META) easily set a new record. The stock ended the session at $474.99, whereas its current record finish was a $401.02 level set earlier this week. Meta's market-capitalization gains are even more notable, as the company added $204.5 billion to its valuation on the day. That made for the largest one-day market-cap haul in Wall Street history, according to Dow Jones Market Data- surpassing the $191.3 billion one-day gain that Amazon.com Inc. (AMZN) raked in back in February 2022. Meta's strong stock surge came after t","images":[{"img":"https://community-static.tradeup.com/news/5271a45c4dffad86f9f7c2f8f8752851","width":"1105","height":"1735"},{"img":"https://community-static.tradeup.com/news/09d0d1497cb0666c5cf5afc1de1b4ae2","width":"1103","height":"1736"},{"img":"https://community-static.tradeup.com/news/3a228810e20bab3da7ed7808cb2278c0","width":"1102","height":"1729"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/269991833989240","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":266573660438776,"gmtCreate":1706116996817,"gmtModify":1706182439630,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/266573660438776","isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":265912593342616,"gmtCreate":1705940500650,"gmtModify":1705940503722,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp;[Miser]&nbsp;[Miser]&nbsp;[Cool]&nbsp;[Cool]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp;[Miser]&nbsp;[Miser]&nbsp;[Cool]&nbsp;[Cool]&nbsp;&nbsp;","text":"$Tesla Motors(TSLA)$ [Miser] [Miser] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/265912593342616","isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259509576515880,"gmtCreate":1704367194634,"gmtModify":1704367198721,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"[Cool]&nbsp;[Cool]&nbsp;[Miser]&nbsp;[Miser]&nbsp;&nbsp;","listText":"[Cool]&nbsp;[Cool]&nbsp;[Miser]&nbsp;[Miser]&nbsp;&nbsp;","text":"[Cool] [Cool] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259509576515880","isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254988757299440,"gmtCreate":1703266774534,"gmtModify":1703266777456,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Xmas 🤶&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Xmas 🤶&nbsp;","text":"$Tiger Brokers(TIGR)$ Merry Xmas 🤶","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254988757299440","isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254149183144168,"gmtCreate":1703084939678,"gmtModify":1703084944249,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"[USD]&nbsp;[USD]&nbsp;&nbsp;[Cool]&nbsp;[Cool]&nbsp;&nbsp;","listText":"[USD]&nbsp;[USD]&nbsp;&nbsp;[Cool]&nbsp;[Cool]&nbsp;&nbsp;","text":"[USD] [USD] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254149183144168","isVote":1,"tweetType":1,"viewCount":483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":248504820826128,"gmtCreate":1701708149735,"gmtModify":1701711519751,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Buy 🚀🚀🚀🚀🚀","listText":"Buy 🚀🚀🚀🚀🚀","text":"Buy 🚀🚀🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248504820826128","isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947934156,"gmtCreate":1682438295675,"gmtModify":1682438299451,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947934156","repostId":"1116137930","repostType":4,"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947934356,"gmtCreate":1682438283575,"gmtModify":1682438287070,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947934356","repostId":"1138751233","repostType":4,"repost":{"id":"1138751233","kind":"news","pubTimestamp":1682435246,"share":"https://ttm.financial/m/news/1138751233?lang=&edition=fundamental","pubTime":"2023-04-25 23:07","market":"us","language":"en","title":"The Top 3 Tech Stocks to Invest in for the Long-Term","url":"https://stock-news.laohu8.com/highlight/detail?id=1138751233","media":"InvestorPlace","summary":"Now may be the time to consider adding to these top long-term tech stocks.Microsoft : Microsoft is a","content":"<html><head></head><body><p>Now may be the time to consider adding to these top long-term tech stocks.</p><ul><li><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft </a>: Microsoft is a sleeping giant in the tech space that’s worth a look for investors seeking security and growth.</p></li><li><p><a href=\"https://laohu8.com/S/ASML\">ASML Holding </a>: ASML’s positioning in the semiconductor space together make it a solid choice, even as uncertainty looms.</p></li><li><p><a href=\"https://laohu8.com/S/CRM\">Salesforce </a>: Salesforce’s business is solid, but tough times have seen sentiment shift, offering an appealing entry point.</p></li></ul><p>The tech space is littered with casualties of the post-pandemic consolidation, but careful investors can pick through the rubble to get some of the best long-term tech stocks at reasonable prices. The industry tends to come with higher-than-normal valuations, because investors expect exponential growth. It’s a rapidly changing landscape, and companies that ride the wave of the next big thing can deliver explosive growth.</p><p>However, rising inflation also mean a dollar in 10 years isn’t worth as much today as it was just a year ago. That simple mathematical fact means tech valuations have come down, but in some cases, arguably a little too far.</p><p>An excellent place to start your search for tech stocks to invest in for the long haul is hot industries. Artificial Intelligence is an obvious candidate, given all of the attention it’s been getting recently. It’s a market expected to grow at a compound annual rate of almost 40% through 2030. That kind of growth offers many possibilities, and investors would be silly to leave that sector out of the discussion. </p><p>Another critical area to explore is essential services. We’re not talking about healthcare here (though there are plenty of options in this arena as well). Rather, we’re talking about the businesses that support businesses.</p><p>Belt-tightening is a reality when times are lean, and it’s something we’re seeing across the board in the corporate world. But there are certain things a business can’t do without. Accordingly, the tech firms that provide those products and services will be well-positioned to thrive even in an uncertain environment.</p><h2><a href=\"https://laohu8.com/S/MSFT\">Microsoft </a></h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23700901ba8a46843e963fe38ea62db6\" alt=\"Source: NYCStock / Shutterstock.com\" title=\"Source: NYCStock / Shutterstock.com\" tg-width=\"300\" tg-height=\"169\"/><span>Source: NYCStock / Shutterstock.com</span></p><p></p><p><strong>Microsoft</strong> boasts an impressive portfolio of solid businesses that offer a layer of security in an otherwise unstable environment, making the firm one of the best long-term stocks to consider. Its offerings include some things businesses and consumers can’t live without. From LinkedIn to Office 365, there are plenty of must-haves that will never be struck off a company’s list of essentials. </p><p>These products offer a bedrock to build on, and Microsoft’s doing just that with its cloud arm, Azure. The pay-as-you-go cloud computing service provides an alternative to coping with the high up-front costs that come with building out your arsenal of servers. This means businesses using Azure can do more with less. These customers can scale up their tech offerings without much friction.</p><p>Microsoft’s also sitting on solid financials, allowing for strategic acquisitions and underpinning a modest dividend. This comes at a premium, with MSFT stock trading at a price-earnings ratio of 32-times. Although this suggests investors expect big things, it’s not as high as it has been in the past. Accordingly, now could be an excellent time to snap up shares before they take off. </p><h2><a href=\"https://laohu8.com/S/ASML\">ASML Holdings </a></h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f280baf00c6c2951037dcd8aaf847bd4\" alt=\"Source: Ralf Liebhold / Shutterstock\" title=\"Source: Ralf Liebhold / Shutterstock\" tg-width=\"300\" tg-height=\"169\"/><span>Source: Ralf Liebhold / Shutterstock</span></p><p>It’s often said that the miners weren’t the ones that made the big bucks during the gold rush. Instead, it was the sellers of shovels and pick-axes. <strong>ASML</strong> (NASDAQ:<strong><u>ASML</u></strong>) is the proverbial pick-axe seller in the semiconductor space, and Artificial Intelligence, self-driving cars, and cloud computing are all akin to the gold rush.</p><p>ASML makes the lithography machines used to make the chips themselves. They’re an essential part of the process, making ASML one of the best long-term tech stocks. The company’s main obstacle is shoring up its operations to grow and meet the ballooning demand for semiconductors. This is no easy feat, and will cost hundreds of millions of euros over the next five years. However, thanks to rock-solid financials, this growth looks doable.</p><p>Plus, the company’s valuation has decreased somewhat since its highs during the pandemic. That offers investors an attractive entry point as the boom in chipmaking continues to swell.</p><h2><a href=\"https://laohu8.com/S/CRM\">Salesforce </a></h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8e2b3e6fd250c959357fefd2478b00c1\" alt=\"Source: Sundry Photography / Shutterstock.com\" title=\"Source: Sundry Photography / Shutterstock.com\" tg-width=\"300\" tg-height=\"169\"/><span>Source: Sundry Photography / Shutterstock.com</span></p><p><strong>Salesforce</strong> (NYSE:<strong><u>CRM</u></strong>) offers customer relationship management software, a necessity for almost every business, making it one of the best long-term tech stocks to buy. The group’s been growing its portfolio to include a range of complimentary services allowing cross-selling. Their services give businesses the tools to enhance their customer relationships, offering meaningful value in a challenging environment. Acquiring new customers is much more complex and expensive than holding on to, and up-selling to, existing customers. </p><p>Over the past two years, CRM’s share price has decreased somewhat, bringing its valuation to more reasonable levels. The company has been hit by the same challenges everyone else has, leading to staff cuts and efficiency programs to protect margins. While this isn’t ideal, it’s not the end of the world, and won’t last forever. For patient investors willing to wait through this period of instability, Salesforce is a strong pick among tech stocks to buy for the long haul. </p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Top 3 Tech Stocks to Invest in for the Long-Term</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Top 3 Tech Stocks to Invest in for the Long-Term\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-25 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/04/the-top-3-tech-stocks-to-invest-in-for-the-long-term/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Now may be the time to consider adding to these top long-term tech stocks.Microsoft : Microsoft is a sleeping giant in the tech space that’s worth a look for investors seeking security and growth.ASML...</p>\n\n<a href=\"https://investorplace.com/2023/04/the-top-3-tech-stocks-to-invest-in-for-the-long-term/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","CRM":"赛富时","MSFT":"微软"},"source_url":"https://investorplace.com/2023/04/the-top-3-tech-stocks-to-invest-in-for-the-long-term/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138751233","content_text":"Now may be the time to consider adding to these top long-term tech stocks.Microsoft : Microsoft is a sleeping giant in the tech space that’s worth a look for investors seeking security and growth.ASML Holding : ASML’s positioning in the semiconductor space together make it a solid choice, even as uncertainty looms.Salesforce : Salesforce’s business is solid, but tough times have seen sentiment shift, offering an appealing entry point.The tech space is littered with casualties of the post-pandemic consolidation, but careful investors can pick through the rubble to get some of the best long-term tech stocks at reasonable prices. The industry tends to come with higher-than-normal valuations, because investors expect exponential growth. It’s a rapidly changing landscape, and companies that ride the wave of the next big thing can deliver explosive growth.However, rising inflation also mean a dollar in 10 years isn’t worth as much today as it was just a year ago. That simple mathematical fact means tech valuations have come down, but in some cases, arguably a little too far.An excellent place to start your search for tech stocks to invest in for the long haul is hot industries. Artificial Intelligence is an obvious candidate, given all of the attention it’s been getting recently. It’s a market expected to grow at a compound annual rate of almost 40% through 2030. That kind of growth offers many possibilities, and investors would be silly to leave that sector out of the discussion. Another critical area to explore is essential services. We’re not talking about healthcare here (though there are plenty of options in this arena as well). Rather, we’re talking about the businesses that support businesses.Belt-tightening is a reality when times are lean, and it’s something we’re seeing across the board in the corporate world. But there are certain things a business can’t do without. Accordingly, the tech firms that provide those products and services will be well-positioned to thrive even in an uncertain environment.Microsoft Source: NYCStock / Shutterstock.comMicrosoft boasts an impressive portfolio of solid businesses that offer a layer of security in an otherwise unstable environment, making the firm one of the best long-term stocks to consider. Its offerings include some things businesses and consumers can’t live without. From LinkedIn to Office 365, there are plenty of must-haves that will never be struck off a company’s list of essentials. These products offer a bedrock to build on, and Microsoft’s doing just that with its cloud arm, Azure. The pay-as-you-go cloud computing service provides an alternative to coping with the high up-front costs that come with building out your arsenal of servers. This means businesses using Azure can do more with less. These customers can scale up their tech offerings without much friction.Microsoft’s also sitting on solid financials, allowing for strategic acquisitions and underpinning a modest dividend. This comes at a premium, with MSFT stock trading at a price-earnings ratio of 32-times. Although this suggests investors expect big things, it’s not as high as it has been in the past. Accordingly, now could be an excellent time to snap up shares before they take off. ASML Holdings Source: Ralf Liebhold / ShutterstockIt’s often said that the miners weren’t the ones that made the big bucks during the gold rush. Instead, it was the sellers of shovels and pick-axes. ASML (NASDAQ:ASML) is the proverbial pick-axe seller in the semiconductor space, and Artificial Intelligence, self-driving cars, and cloud computing are all akin to the gold rush.ASML makes the lithography machines used to make the chips themselves. They’re an essential part of the process, making ASML one of the best long-term tech stocks. The company’s main obstacle is shoring up its operations to grow and meet the ballooning demand for semiconductors. This is no easy feat, and will cost hundreds of millions of euros over the next five years. However, thanks to rock-solid financials, this growth looks doable.Plus, the company’s valuation has decreased somewhat since its highs during the pandemic. That offers investors an attractive entry point as the boom in chipmaking continues to swell.Salesforce Source: Sundry Photography / Shutterstock.comSalesforce (NYSE:CRM) offers customer relationship management software, a necessity for almost every business, making it one of the best long-term tech stocks to buy. The group’s been growing its portfolio to include a range of complimentary services allowing cross-selling. Their services give businesses the tools to enhance their customer relationships, offering meaningful value in a challenging environment. Acquiring new customers is much more complex and expensive than holding on to, and up-selling to, existing customers. Over the past two years, CRM’s share price has decreased somewhat, bringing its valuation to more reasonable levels. The company has been hit by the same challenges everyone else has, leading to staff cuts and efficiency programs to protect margins. While this isn’t ideal, it’s not the end of the world, and won’t last forever. For patient investors willing to wait through this period of instability, Salesforce is a strong pick among tech stocks to buy for the long haul.","news_type":1},"isVote":1,"tweetType":1,"viewCount":695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944402574,"gmtCreate":1681983556699,"gmtModify":1681983559786,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944402574","repostId":"1144607287","repostType":4,"repost":{"id":"1144607287","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1681980921,"share":"https://ttm.financial/m/news/1144607287?lang=&edition=fundamental","pubTime":"2023-04-20 16:55","market":"us","language":"en","title":"Tesla, IBM, Las Vegas Sands, F5, AT&T, and More: U.S. Stocks To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1144607287","media":"Dow Jones","summary":"Stock futures declined Thursday as investors waded through mixed earnings reports and comments from ","content":"<html><head></head><body><p>Stock futures declined Thursday as investors waded through mixed earnings reports and comments from central bank officials that inflation worldwide remains too high.</p><p style=\"text-align: start;\">These stocks were poised to make moves Thursday: </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/TSLA\">Tesla </a>, the electric-vehicle leader, reported first-quarter earnings that met Wall Street expectations, but automotive gross profit margin, excluding regulatory credits, was below 16%, down from about 21% in the fourth quarter of 2022. Including leases, the auto business generated gross profit margins of about 19%, below Wall Street expectations of 21%. The stock was falling 7.5% in premarket trading.</p><p><a href=\"https://laohu8.com/S/IBM\">International Business Machines </a>, the information technology company, posted first-quarter revenue about in line with estimates, while profit slightly topped expectations. IBM also issued a solid full-year outlook, while acknowledging some softness in its consulting business due to a weaker economy. The stock was rising 1.7%.</p><p><a href=\"https://laohu8.com/S/LVS\">Las Vegas Sands </a>, the casino operator, reported first-quarter gambling revenue of $1.54 billion, up from $627 million a year earlier. Sands said a “robust” recovery in travel and tourism spending was underway in both Macau and Singapore. Shares of Las Vegas Sands jumped 4.3%.</p><p><a href=\"https://laohu8.com/S/FFIV\">F5 </a> said it was cutting its global headcount by 9%, or 620 employees, citing the “current demand environment.” The stock tumbled 7.3%.</p><p>U.S.-listed shares of <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing </a> rose 0.5% after the chip-manufacturing giant’s first-quarter profit beat expectations but the company forecast a revenue slowdown in the second quarter. </p><p>Telecommunications company <a href=\"https://laohu8.com/S/T\">AT&amp;T </a> is scheduled to report first-quarter earnings before the stock market opens on Thursday. The focus will be on subscribers growth. AT&amp;T was down 0.5%.</p><p><a href=\"https://laohu8.com/S/PM\">Philip Morris</a>, the tobacco company, railroad company <a href=\"https://laohu8.com/S/UNP\">Union Pacific </a>, and <a href=\"https://laohu8.com/S/AN\">AutoNation </a>, the car dealer, also are scheduled to post quarterly earnings before the trading day begins.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla, IBM, Las Vegas Sands, F5, AT&T, and More: U.S. Stocks To Watch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla, IBM, Las Vegas Sands, F5, AT&T, and More: U.S. Stocks To Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-04-20 16:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stock futures declined Thursday as investors waded through mixed earnings reports and comments from central bank officials that inflation worldwide remains too high.</p><p style=\"text-align: start;\">These stocks were poised to make moves Thursday: </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/TSLA\">Tesla </a>, the electric-vehicle leader, reported first-quarter earnings that met Wall Street expectations, but automotive gross profit margin, excluding regulatory credits, was below 16%, down from about 21% in the fourth quarter of 2022. Including leases, the auto business generated gross profit margins of about 19%, below Wall Street expectations of 21%. The stock was falling 7.5% in premarket trading.</p><p><a href=\"https://laohu8.com/S/IBM\">International Business Machines </a>, the information technology company, posted first-quarter revenue about in line with estimates, while profit slightly topped expectations. IBM also issued a solid full-year outlook, while acknowledging some softness in its consulting business due to a weaker economy. The stock was rising 1.7%.</p><p><a href=\"https://laohu8.com/S/LVS\">Las Vegas Sands </a>, the casino operator, reported first-quarter gambling revenue of $1.54 billion, up from $627 million a year earlier. Sands said a “robust” recovery in travel and tourism spending was underway in both Macau and Singapore. Shares of Las Vegas Sands jumped 4.3%.</p><p><a href=\"https://laohu8.com/S/FFIV\">F5 </a> said it was cutting its global headcount by 9%, or 620 employees, citing the “current demand environment.” The stock tumbled 7.3%.</p><p>U.S.-listed shares of <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing </a> rose 0.5% after the chip-manufacturing giant’s first-quarter profit beat expectations but the company forecast a revenue slowdown in the second quarter. </p><p>Telecommunications company <a href=\"https://laohu8.com/S/T\">AT&amp;T </a> is scheduled to report first-quarter earnings before the stock market opens on Thursday. The focus will be on subscribers growth. AT&amp;T was down 0.5%.</p><p><a href=\"https://laohu8.com/S/PM\">Philip Morris</a>, the tobacco company, railroad company <a href=\"https://laohu8.com/S/UNP\">Union Pacific </a>, and <a href=\"https://laohu8.com/S/AN\">AutoNation </a>, the car dealer, also are scheduled to post quarterly earnings before the trading day begins.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LVS":"金沙集团","FFIV":"F5 Inc","T":"美国电话电报","IBM":"IBM","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144607287","content_text":"Stock futures declined Thursday as investors waded through mixed earnings reports and comments from central bank officials that inflation worldwide remains too high.These stocks were poised to make moves Thursday: Tesla , the electric-vehicle leader, reported first-quarter earnings that met Wall Street expectations, but automotive gross profit margin, excluding regulatory credits, was below 16%, down from about 21% in the fourth quarter of 2022. Including leases, the auto business generated gross profit margins of about 19%, below Wall Street expectations of 21%. The stock was falling 7.5% in premarket trading.International Business Machines , the information technology company, posted first-quarter revenue about in line with estimates, while profit slightly topped expectations. IBM also issued a solid full-year outlook, while acknowledging some softness in its consulting business due to a weaker economy. The stock was rising 1.7%.Las Vegas Sands , the casino operator, reported first-quarter gambling revenue of $1.54 billion, up from $627 million a year earlier. Sands said a “robust” recovery in travel and tourism spending was underway in both Macau and Singapore. Shares of Las Vegas Sands jumped 4.3%.F5  said it was cutting its global headcount by 9%, or 620 employees, citing the “current demand environment.” The stock tumbled 7.3%.U.S.-listed shares of Taiwan Semiconductor Manufacturing  rose 0.5% after the chip-manufacturing giant’s first-quarter profit beat expectations but the company forecast a revenue slowdown in the second quarter. Telecommunications company AT&T  is scheduled to report first-quarter earnings before the stock market opens on Thursday. The focus will be on subscribers growth. AT&T was down 0.5%.Philip Morris, the tobacco company, railroad company Union Pacific , and AutoNation , the car dealer, also are scheduled to post quarterly earnings before the trading day begins.","news_type":1},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944874108,"gmtCreate":1681809797505,"gmtModify":1681809800559,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944874108","repostId":"1177436345","repostType":4,"repost":{"id":"1177436345","kind":"news","pubTimestamp":1681779603,"share":"https://ttm.financial/m/news/1177436345?lang=&edition=fundamental","pubTime":"2023-04-18 09:00","market":"us","language":"en","title":"3 EV Stocks That Are Facing Serious Headwinds","url":"https://stock-news.laohu8.com/highlight/detail?id=1177436345","media":"InvestorPlace","summary":"The Electric Vehicle revolution is upon us, but that doesn’t make all EV stocks winners.Nio (NIO): J","content":"<html><head></head><body><ul><li><p>The Electric Vehicle revolution is upon us, but that doesn’t make all EV stocks winners.</p></li><li><p><strong>Nio </strong>(<strong><u>NIO</u></strong>): Just about everything that can go wrong has at Nio. That’s put the group in a precarious position just as competition is heating up and reason enough to strike this one off your watch list.</p></li><li><p><strong>Lucid </strong>(<strong><u>LCID</u></strong>): This Tesla-wannabe is finding it difficult to make inroads with luxury hutobuyers. The group’s positioned itself to sell in an arguably small market, and so far it seems Lucid isn’t appealing to the upper crust.  </p></li><li><p><strong>Rivian Automotive </strong>(<strong><u>RIVN</u></strong>): An equity raise and subsequent share dilution looks likely for this EV truck maker, whose cash flow has been in the red for some time.</p></li></ul><p>EV stocks have been the subject of investment-related conversation for years. With <strong>Tesla</strong> (NASDAQ: <strong>TSLA</strong>) constantly commanding headlines over the past five years, you’d have to live under a rock to have missed the growing EV trend. The push toward net zero is intensifying, and most agree that electric cars will be part of that transition. Governments worldwide have already pledged to phase out gas-powered vehicles, suggesting that the demand for EVs will skyrocket.</p><p style=\"text-align: start;\">Although that’s true, this rising tide won’t necessarily lift all boats. The EV market is no longer in its infancy, meaning companies that have not yet figured out how to become profitable at scale are at a severe disadvantage. Given the current economic conditions, the pain of being stuck at the bottom rung of the ladder will be even more acute.</p><p style=\"text-align: start;\">A global economic slowdown is already upon us, and it brings new consumer behaviors. Most notable in this case is an unwillingness to splash out on big purchases— like a new car. That’s bad news for all EV stocks, but especially for those that are already struggling to grab market share. While many new cars will be electric thanks to changing regulations, the number of purchases is likely to drop as people hoard their cash.</p><p style=\"text-align: start;\">The EV space is also getting very crowded. A few years ago, the debate about whether EVs were the future meant plenty of big names were dragging their feet about electrifying their fleet. That’s no longer the case, with every big-name carmaker throwing their hat in the EV ring. That’s a lot to compete with if you’re a smaller EV maker.</p><p style=\"text-align: start;\">Stiff competition, shaky financials, and a reluctant consumer offer some pretty strong headwinds that look likely to put the breaks on these three stocks.</p><h2 style=\"text-align: start;\">EV Stocks: Nio (Nio)</h2><p><strong>Nio</strong> (NYSE: <strong>NIO</strong>) has seen its share price nosedive in recent months thanks to the problem after problem, which landed it on our list of EV stocks to sell. Some of the issues were beyond Nio’s control— continuous Covid-19 lockdowns in China hurt both production and sales. This headwind impacted Chinese firms across the board, and it made a dent in some American companies’ supply chains as well. But ultimately, the issues were more concentrated for Chinese companies like Nio, and it offered an opportunity for American rivals like Tesla to overtake.</p><p style=\"text-align: start;\">There are some Nit-specific problems as well. One big one that should raise some eyebrows is the group’s accounting problems. Currently, under investigation for its accounting practices, Nio isn’t winning any gold stars for transparency and business ethics. These legal setbacks could prove to be costly to the bottom line, but importantly they’re likely to erode investor confidence and make Nio stock less desirable.</p><h2 style=\"text-align: start;\">Lucid (LCID)</h2><p><strong>Lucid</strong> (NASDAQ: <strong>LCID</strong>) was on everyone’s EV stocks to buy list not so long ago. The group was touted as a rival to Tesla, catering to an upscale market with luxury EVs. However, just over two years after it went public via a Special Purpose Acquisition Company (SPAC), Lucid’s looking deflated.</p><p style=\"text-align: start;\">The group’s been plagued with production delays, and that led to worse-than-expected forecasts for the number of cars it would make this year. The group’s factories are operating well below capacity, so it’s no surprise to hear that the group’s trimming down its workforce to cope with rising demands on cash. The group also warned that further losses could be ahead.</p><p style=\"text-align: start;\">It’s hard to imagine a scenario in which Lucid comes back from this. Part of being in the luxury market is commanding a premium with a strong brand name. Lucid is quickly dropping from everyone’s radar as its car sales move in the wrong direction. Even if the group can fix its production issues, it will struggle to claw back lost market share.</p><h2 style=\"text-align: start;\">Rivian Automotive (RVIN)</h2><p><strong>Rivian</strong> (NASDAQ: <strong>RIVN</strong>) had a lot of potential some years ago, but now it’s been relegated to the basket of EV stocks to avoid. The company specializes in electric trucks, putting it in direct competition with some heavy hitters. Rivian vehicles have to outshine big names like Ford, a former investor in the EV company. The most recent knock to the group’s confidence was news that Chrysler parent <strong>Stellantis</strong> (NYSE: <strong>STLA</strong>) is putting out a new truck that will directly compete with one of Rivian’s models.</p><p style=\"text-align: start;\">The group will struggle to face up to the competition, though. Cash flow has been firmly in the red, an indication that an equity raise could be on the horizon. Rivian will need an injection of cash to compete with the big names it’s up against. Both Ford and Chrysler have enough in the tank from their sprawling business to compete on price— Rivian will struggle to win any sort of price war.</p><p style=\"text-align: start;\">The bottom line for Rivian is that it’s been outdone by bigger, more established rivals. The group looks unlikely to recover anytime soon, making this one of the EV stocks to sell.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 EV Stocks That Are Facing Serious Headwinds</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 EV Stocks That Are Facing Serious Headwinds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-18 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/04/3-ev-stocks-that-are-facing-serious-headwinds/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Electric Vehicle revolution is upon us, but that doesn’t make all EV stocks winners.Nio (NIO): Just about everything that can go wrong has at Nio. That’s put the group in a precarious position ...</p>\n\n<a href=\"https://investorplace.com/2023/04/3-ev-stocks-that-are-facing-serious-headwinds/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","NIO":"蔚来","RIVN":"Rivian Automotive, Inc."},"source_url":"https://investorplace.com/2023/04/3-ev-stocks-that-are-facing-serious-headwinds/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177436345","content_text":"The Electric Vehicle revolution is upon us, but that doesn’t make all EV stocks winners.Nio (NIO): Just about everything that can go wrong has at Nio. That’s put the group in a precarious position just as competition is heating up and reason enough to strike this one off your watch list.Lucid (LCID): This Tesla-wannabe is finding it difficult to make inroads with luxury hutobuyers. The group’s positioned itself to sell in an arguably small market, and so far it seems Lucid isn’t appealing to the upper crust.  Rivian Automotive (RIVN): An equity raise and subsequent share dilution looks likely for this EV truck maker, whose cash flow has been in the red for some time.EV stocks have been the subject of investment-related conversation for years. With Tesla (NASDAQ: TSLA) constantly commanding headlines over the past five years, you’d have to live under a rock to have missed the growing EV trend. The push toward net zero is intensifying, and most agree that electric cars will be part of that transition. Governments worldwide have already pledged to phase out gas-powered vehicles, suggesting that the demand for EVs will skyrocket.Although that’s true, this rising tide won’t necessarily lift all boats. The EV market is no longer in its infancy, meaning companies that have not yet figured out how to become profitable at scale are at a severe disadvantage. Given the current economic conditions, the pain of being stuck at the bottom rung of the ladder will be even more acute.A global economic slowdown is already upon us, and it brings new consumer behaviors. Most notable in this case is an unwillingness to splash out on big purchases— like a new car. That’s bad news for all EV stocks, but especially for those that are already struggling to grab market share. While many new cars will be electric thanks to changing regulations, the number of purchases is likely to drop as people hoard their cash.The EV space is also getting very crowded. A few years ago, the debate about whether EVs were the future meant plenty of big names were dragging their feet about electrifying their fleet. That’s no longer the case, with every big-name carmaker throwing their hat in the EV ring. That’s a lot to compete with if you’re a smaller EV maker.Stiff competition, shaky financials, and a reluctant consumer offer some pretty strong headwinds that look likely to put the breaks on these three stocks.EV Stocks: Nio (Nio)Nio (NYSE: NIO) has seen its share price nosedive in recent months thanks to the problem after problem, which landed it on our list of EV stocks to sell. Some of the issues were beyond Nio’s control— continuous Covid-19 lockdowns in China hurt both production and sales. This headwind impacted Chinese firms across the board, and it made a dent in some American companies’ supply chains as well. But ultimately, the issues were more concentrated for Chinese companies like Nio, and it offered an opportunity for American rivals like Tesla to overtake.There are some Nit-specific problems as well. One big one that should raise some eyebrows is the group’s accounting problems. Currently, under investigation for its accounting practices, Nio isn’t winning any gold stars for transparency and business ethics. These legal setbacks could prove to be costly to the bottom line, but importantly they’re likely to erode investor confidence and make Nio stock less desirable.Lucid (LCID)Lucid (NASDAQ: LCID) was on everyone’s EV stocks to buy list not so long ago. The group was touted as a rival to Tesla, catering to an upscale market with luxury EVs. However, just over two years after it went public via a Special Purpose Acquisition Company (SPAC), Lucid’s looking deflated.The group’s been plagued with production delays, and that led to worse-than-expected forecasts for the number of cars it would make this year. The group’s factories are operating well below capacity, so it’s no surprise to hear that the group’s trimming down its workforce to cope with rising demands on cash. The group also warned that further losses could be ahead.It’s hard to imagine a scenario in which Lucid comes back from this. Part of being in the luxury market is commanding a premium with a strong brand name. Lucid is quickly dropping from everyone’s radar as its car sales move in the wrong direction. Even if the group can fix its production issues, it will struggle to claw back lost market share.Rivian Automotive (RVIN)Rivian (NASDAQ: RIVN) had a lot of potential some years ago, but now it’s been relegated to the basket of EV stocks to avoid. The company specializes in electric trucks, putting it in direct competition with some heavy hitters. Rivian vehicles have to outshine big names like Ford, a former investor in the EV company. The most recent knock to the group’s confidence was news that Chrysler parent Stellantis (NYSE: STLA) is putting out a new truck that will directly compete with one of Rivian’s models.The group will struggle to face up to the competition, though. Cash flow has been firmly in the red, an indication that an equity raise could be on the horizon. Rivian will need an injection of cash to compete with the big names it’s up against. Both Ford and Chrysler have enough in the tank from their sprawling business to compete on price— Rivian will struggle to win any sort of price war.The bottom line for Rivian is that it’s been outdone by bigger, more established rivals. The group looks unlikely to recover anytime soon, making this one of the EV stocks to sell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942745563,"gmtCreate":1681314603652,"gmtModify":1681314607488,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942745563","repostId":"1134370149","repostType":4,"repost":{"id":"1134370149","kind":"news","pubTimestamp":1681309483,"share":"https://ttm.financial/m/news/1134370149?lang=&edition=fundamental","pubTime":"2023-04-12 22:24","market":"us","language":"en","title":"Top Calls on Wall Street: Shopify, Goldman Sachs, Lockheed Martin and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1134370149","media":"TheFly","summary":"Top 5 Upgrades:JMP Securities upgraded Shopify (SHOP) to Outperform from Market Perform with a $65 p","content":"<html><head></head><body><p><strong>Top 5 Upgrades:</strong></p><ul><li><p>JMP Securities upgraded <strong>Shopify </strong>(SHOP) to Outperform from Market Perform with a $65 price target. Shopify&#39;s gross merchandise volume estimates have upside, while there is &#34;room for greater expense discipline,&#34; the analyst tells investors in a research note.</p></li><li><p>Morgan Stanley upgraded <strong>MongoDB</strong> (MDB) to Overweight from Equal Weight with a price target of $270, up from $230. The firm&#39;s &#34;AlphaWise Cloud Optimization Survey&#34; indicates that 73% of respondents are actively engaged in cloud optimization initiatives.</p></li><li><p>KeyBanc upgraded <strong>Becton Dickinson</strong> (BDX) to Overweight from Sector Weight with a $304 price target. After five years of being &#34;fully range-bound,&#34; Becton Dickinson shares are &#34;finally capable of sustaining a breakout&#34; given more consistent execution toward its long-term financial targets and a &#34;reasonable&#34; valuation.</p></li><li><p>UBS upgraded <strong>Goldman Sachs</strong> (GS) to Buy from Neutral. The shares are attractively priced as the company&#39;s outlook is &#34;de-risked,&#34; the analyst tells investors in a research note.</p></li><li><p>Piper Sandler upgraded six names in the chemicals sector citing &#34;significant and durable&#34; shifts in global feedstock costs favoring U.S producers. Piper upgraded <strong>Eastman Chemical</strong> (EMN), <strong>Dow Inc.</strong> (DOW), <strong>Westlake </strong>(WLK) and <strong>LyondellBasell </strong>(LYB) to Overweight from Neutral. The firm also upgraded <strong>Celanese </strong>(CE) and <strong>Methanex </strong>(MEOH) to Neutral from Underweight.</p></li></ul><p><strong>Top 5 Downgrades:</strong></p><ul><li><p>Baird downgraded<strong> Lockheed Martin</strong> (LMT) to Neutral from Outperform with an unchanged price target of $513. While previewing 17 companies in aerospace and defense with upcoming reports through mid-May, the firm said it expects some &#34;mixed&#34; Q1 reports, reflecting noise in defense outlooks on supply chain, margin pressure, and R&amp;D amortization, balanced by aerospace&#39;s sequential gains on &#34;buoyant aftermarket activity.&#34;</p></li><li><p>Morgan Stanley downgraded <strong>Jefferies Financial Group</strong> (JEF) to Underweight from Equal Weight with a price target of $27, down from $28, after assuming coverage of the name. As Jefferies exits merchant banking, its mix shift toward investment banking and markets, driving up its comp ratio to a 52%-54% range, the analyst tells investors in a research note.</p></li><li><p>Argus downgraded <strong>Abercrombie</strong> <strong>&amp; Fitch</strong> (ANF) to Hold from Buy. The company has struggled to expand margins amid inflation and currency headwinds, while a cautious consumer spending environment has weighed on its sales growth, the analyst said.</p></li><li><p>Evercore ISI downgraded <strong>Empire State Realty</strong> (ESRT) to In Line from Outperform with a price target of $7, down from $8. Though the firm remains &#34;cautiously optimistic&#34; that Empire State can continue to garner demand, the pace of lease up is &#34;clearly set back&#34; by tenant Signature Bank&#39;s (SBNY) collapse,</p></li><li><p>Northland downgraded <strong>Adtran</strong> (ADTN) to Market Perform from Outperform with a price target of $13, down from $25, after the company&#39;s &#34;significant downside&#34; pre-announcement.</p></li></ul><p><strong>Top 5 Initiations:</strong></p><ul><li><p>Roth MKM initiated coverage of <strong>Las Vegas Sands</strong> (LVS) with a Buy rating and $74 price target, citing a &#34;bullish outlook on Macau.&#34; Investors are &#34;merely focused&#34; on a full EBITDA recovery by 2024, but the firm believes Macau is &#34;in the early innings of a multi-year growth cycle,&#34; the analyst tells investors.</p></li><li><p>Morgan Stanley assumed coverage of <strong>Archer Daniels</strong> (ADM) with an Equal Weight rating with a price target of $85, down from $94. The firm&#39;s mid-cycle framework leads it to have a wider baseline EPS range versus company issued targets, balancing the risk of normalized supply and the upside from structural demand improvements, says the analyst.</p></li><li><p>Piper Sandler initiated coverage of <strong>DoubleVerify </strong>(DV) with an Overweight rating and $35 price target. DoubleVerify is a leading player in the verification of safety, security, and transparency of an advertising transaction, as the company looks to deliver independent media quality and performance solutions to drive better outcomes for advertisers, the analyst tells investors in a research note.</p></li><li><p>Stephens initiated coverage of <strong>Teladoc</strong> (TDOC) with an Equal Weight rating and $25 price target. The analyst says that the stock has fallen about 90% from early 2021 highs as COVID-catalysts and sector-wide valuation multiple expansion dissipated, growth from the mid-FY20 Livongo acquisition disappointed, and margins compressed rather than expanded in FY22.</p></li><li><p>KeyBanc initiated coverage of <strong>ZipRecruiter</strong> (ZIP) with a Sector Weight rating and no price target. While encouraged by the company&#39;s expense controls and seeing ZipRecruiter as a long-term share gainer, the analyst believes current macro conditions elevate risk to estimates in the near term.</p></li></ul></body></html>","source":"lsy1666364704704","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>Top Calls on Wall Street: Shopify, Goldman Sachs, Lockheed Martin and More</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\">\nTop Calls on Wall Street: Shopify, Goldman Sachs, Lockheed Martin and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-12 22:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3693409&headline=SHOP;BDX;MDB;JEF;GS;LMT;ANF;LVS;ADM;ESRT;DV;EMN;DOW;WLK;LYB;CE;MEOH;ADTN;TDOC;ZIP-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic><strong>TheFly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:JMP Securities upgraded Shopify (SHOP) to Outperform from Market Perform with a $65 price target. Shopify's gross merchandise volume estimates have upside, while there is \"room for ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3693409&headline=SHOP;BDX;MDB;JEF;GS;LMT;ANF;LVS;ADM;ESRT;DV;EMN;DOW;WLK;LYB;CE;MEOH;ADTN;TDOC;ZIP-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc","HSI":"恒生指数","LMT":"洛克希德马丁","GS":"高盛"},"source_url":"https://thefly.com/landingPageNews.php?id=3693409&headline=SHOP;BDX;MDB;JEF;GS;LMT;ANF;LVS;ADM;ESRT;DV;EMN;DOW;WLK;LYB;CE;MEOH;ADTN;TDOC;ZIP-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134370149","content_text":"Top 5 Upgrades:JMP Securities upgraded Shopify (SHOP) to Outperform from Market Perform with a $65 price target. Shopify's gross merchandise volume estimates have upside, while there is \"room for greater expense discipline,\" the analyst tells investors in a research note.Morgan Stanley upgraded MongoDB (MDB) to Overweight from Equal Weight with a price target of $270, up from $230. The firm's \"AlphaWise Cloud Optimization Survey\" indicates that 73% of respondents are actively engaged in cloud optimization initiatives.KeyBanc upgraded Becton Dickinson (BDX) to Overweight from Sector Weight with a $304 price target. After five years of being \"fully range-bound,\" Becton Dickinson shares are \"finally capable of sustaining a breakout\" given more consistent execution toward its long-term financial targets and a \"reasonable\" valuation.UBS upgraded Goldman Sachs (GS) to Buy from Neutral. The shares are attractively priced as the company's outlook is \"de-risked,\" the analyst tells investors in a research note.Piper Sandler upgraded six names in the chemicals sector citing \"significant and durable\" shifts in global feedstock costs favoring U.S producers. Piper upgraded Eastman Chemical (EMN), Dow Inc. (DOW), Westlake (WLK) and LyondellBasell (LYB) to Overweight from Neutral. The firm also upgraded Celanese (CE) and Methanex (MEOH) to Neutral from Underweight.Top 5 Downgrades:Baird downgraded Lockheed Martin (LMT) to Neutral from Outperform with an unchanged price target of $513. While previewing 17 companies in aerospace and defense with upcoming reports through mid-May, the firm said it expects some \"mixed\" Q1 reports, reflecting noise in defense outlooks on supply chain, margin pressure, and R&D amortization, balanced by aerospace's sequential gains on \"buoyant aftermarket activity.\"Morgan Stanley downgraded Jefferies Financial Group (JEF) to Underweight from Equal Weight with a price target of $27, down from $28, after assuming coverage of the name. As Jefferies exits merchant banking, its mix shift toward investment banking and markets, driving up its comp ratio to a 52%-54% range, the analyst tells investors in a research note.Argus downgraded Abercrombie & Fitch (ANF) to Hold from Buy. The company has struggled to expand margins amid inflation and currency headwinds, while a cautious consumer spending environment has weighed on its sales growth, the analyst said.Evercore ISI downgraded Empire State Realty (ESRT) to In Line from Outperform with a price target of $7, down from $8. Though the firm remains \"cautiously optimistic\" that Empire State can continue to garner demand, the pace of lease up is \"clearly set back\" by tenant Signature Bank's (SBNY) collapse,Northland downgraded Adtran (ADTN) to Market Perform from Outperform with a price target of $13, down from $25, after the company's \"significant downside\" pre-announcement.Top 5 Initiations:Roth MKM initiated coverage of Las Vegas Sands (LVS) with a Buy rating and $74 price target, citing a \"bullish outlook on Macau.\" Investors are \"merely focused\" on a full EBITDA recovery by 2024, but the firm believes Macau is \"in the early innings of a multi-year growth cycle,\" the analyst tells investors.Morgan Stanley assumed coverage of Archer Daniels (ADM) with an Equal Weight rating with a price target of $85, down from $94. The firm's mid-cycle framework leads it to have a wider baseline EPS range versus company issued targets, balancing the risk of normalized supply and the upside from structural demand improvements, says the analyst.Piper Sandler initiated coverage of DoubleVerify (DV) with an Overweight rating and $35 price target. DoubleVerify is a leading player in the verification of safety, security, and transparency of an advertising transaction, as the company looks to deliver independent media quality and performance solutions to drive better outcomes for advertisers, the analyst tells investors in a research note.Stephens initiated coverage of Teladoc (TDOC) with an Equal Weight rating and $25 price target. The analyst says that the stock has fallen about 90% from early 2021 highs as COVID-catalysts and sector-wide valuation multiple expansion dissipated, growth from the mid-FY20 Livongo acquisition disappointed, and margins compressed rather than expanded in FY22.KeyBanc initiated coverage of ZipRecruiter (ZIP) with a Sector Weight rating and no price target. While encouraged by the company's expense controls and seeing ZipRecruiter as a long-term share gainer, the analyst believes current macro conditions elevate risk to estimates in the near term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942745224,"gmtCreate":1681314580269,"gmtModify":1681314583963,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Orbee&nbsp;","listText":"Orbee&nbsp;","text":"Orbee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942745224","repostId":"2326492479","repostType":4,"repost":{"id":"2326492479","kind":"highlight","pubTimestamp":1681312358,"share":"https://ttm.financial/m/news/2326492479?lang=&edition=fundamental","pubTime":"2023-04-12 23:12","market":"us","language":"en","title":"Elon Musk Complains about Selling Tesla Stock to Buy Twitter","url":"https://stock-news.laohu8.com/highlight/detail?id=2326492479","media":"Markets Insider","summary":"Elon Musk said he only sold Tesla stock because it was \"desperately needed\" for the Twitter deal. Th","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b42a31eb7dcd40e25b0d2f2353becacb\" tg-width=\"700\" tg-height=\"525\"/></p><ul><li><p>Elon Musk said he only sold Tesla stock because it was &#34;desperately needed&#34; for the Twitter deal. </p></li><li><p>The billionaire owner told the BBC that he sold Tesla stock even though he didn&#39;t want to.</p></li><li><p>When directly asked how much he is worth, Musk replied: &#34;I don&#39;t know.&#34; </p></li></ul><p>Elon Musk said he sold Tesla stock only because it was &#34;desperately needed&#34; to complete his Twitter deal - and claimed that he doesn&#39;t know his net worth, in an impromptu interview with the BBC late Tuesday night.</p><p>&#34;I sold a lot of Tesla stock to close this deal. I did not want to sell the Tesla stock,&#34; Musk told BBC correspondent James Clayton at Twitter&#39;s headquarters. </p><p>&#34;People couldn&#39;t parse the difference between &#39;I&#39;m selling Tesla stock because I&#39;ve lost faith in Tesla,&#39; which I haven&#39;t, or that it&#39;s desperately needed for Twitter,&#34; he said. </p><p>Musk sold about $23 billion worth of Tesla stock last year, largely to finance his $44 billion Twitter purchase. </p><p>He said that there are only &#34;brief windows&#34; where he can sell his Tesla stock, adding that such sales are often wrongly perceived as him lacking confidence in his electric-vehicle company. </p><p>&#34;The Tesla stock sales caused the Tesla stock to plummet, which is not good,&#34; he said. </p><p>Tesla shares sank 65% in 2022, but have rallied 52% to $187 this year. They still trade well below their peak price of over $400 in November 2021.</p><p>The stock represents a significant chunk of Musk&#39;s estimated $181 billion fortune as of Wednesday.</p><p>When he was directly asked how much he is worth, the Tesla, Twitter, and SpaceX CEO replied: &#34;I don&#39;t know.&#34; </p></body></html>","source":"marketsinsider","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>Elon Musk Complains about Selling Tesla Stock to Buy Twitter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Complains about Selling Tesla Stock to Buy Twitter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-12 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/elon-musk-sell-tesla-stock-buy-twitter-deal-net-worth-2023-4><strong>Markets Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk said he only sold Tesla stock because it was \"desperately needed\" for the Twitter deal. The billionaire owner told the BBC that he sold Tesla stock even though he didn't want to.When ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/elon-musk-sell-tesla-stock-buy-twitter-deal-net-worth-2023-4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4548":"巴美列捷福持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4516":"特朗普概念","TWTR":"Twitter","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4508":"社交媒体","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","BK4077":"互动媒体与服务","BK4527":"明星科技股","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4579":"人工智能","BK4550":"红杉资本持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4574":"无人驾驶","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4551":"寇图资本持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2063271972.USD":"富兰克林创新领域基金","BK4581":"高盛持仓"},"source_url":"https://markets.businessinsider.com/news/stocks/elon-musk-sell-tesla-stock-buy-twitter-deal-net-worth-2023-4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2326492479","content_text":"Elon Musk said he only sold Tesla stock because it was \"desperately needed\" for the Twitter deal. The billionaire owner told the BBC that he sold Tesla stock even though he didn't want to.When directly asked how much he is worth, Musk replied: \"I don't know.\" Elon Musk said he sold Tesla stock only because it was \"desperately needed\" to complete his Twitter deal - and claimed that he doesn't know his net worth, in an impromptu interview with the BBC late Tuesday night.\"I sold a lot of Tesla stock to close this deal. I did not want to sell the Tesla stock,\" Musk told BBC correspondent James Clayton at Twitter's headquarters. \"People couldn't parse the difference between 'I'm selling Tesla stock because I've lost faith in Tesla,' which I haven't, or that it's desperately needed for Twitter,\" he said. Musk sold about $23 billion worth of Tesla stock last year, largely to finance his $44 billion Twitter purchase. He said that there are only \"brief windows\" where he can sell his Tesla stock, adding that such sales are often wrongly perceived as him lacking confidence in his electric-vehicle company. \"The Tesla stock sales caused the Tesla stock to plummet, which is not good,\" he said. Tesla shares sank 65% in 2022, but have rallied 52% to $187 this year. They still trade well below their peak price of over $400 in November 2021.The stock represents a significant chunk of Musk's estimated $181 billion fortune as of Wednesday.When he was directly asked how much he is worth, the Tesla, Twitter, and SpaceX CEO replied: \"I don't know.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942258373,"gmtCreate":1681232886993,"gmtModify":1681232890479,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"👍&nbsp;","listText":"👍&nbsp;","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942258373","repostId":"1116529806","repostType":2,"repost":{"id":"1116529806","kind":"news","pubTimestamp":1681216371,"share":"https://ttm.financial/m/news/1116529806?lang=&edition=fundamental","pubTime":"2023-04-11 20:32","market":"us","language":"en","title":"It's Almost Time To Load Up On Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1116529806","media":"Seeking Alpha","summary":"SummaryTesla, Inc.'s massive rally has consolidated for months now.I see some reasons for caution at","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Tesla, Inc.&#39;s massive rally has consolidated for months now.</p></li><li><p>I see some reasons for caution at the moment, but remain longer-term bullish.</p></li><li><p>Risk/reward here is terrific if you use stops prudently.</p></li></ul><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e94c2a45c7301b8ea00c807d826e5dd\" alt=\"\" title=\"\" tg-width=\"750\" tg-height=\"563\"/></p>Growth stocks have been absolutely outstanding so far this year, after being truly awful for most of 2022. My viewpoint on the U.S. market for 2023 is quite bullish, and that’s predicated on growth and tech continuing to outperform. We’ll see consolidation periods and selloffs, of course, but I maintain that we’ll see much higher prices in the U.S. equity markets at the end of this year than where we started.<p></p><p>Perhaps the most followed growth stock is <strong>Tesla, Inc.</strong> (NASDAQ:TSLA), and the last time I covered the stock was about seven months ago. Much has occurred since then, to say the least. TSLA stock went to a well-publicized low of $101, but quite swiftly <em>doubled</em> off of that low. It’s one of the best performing stocks in the U.S. market so far this year, which is incredible given its size.</p><p>The stock has been consolidating since the high, and we’ll touch on that below. However, so long as we hold the zone of support below, I’m maintaining my buy rating on Tesla. I’m not uber-bullish right now, but I still believe the medium and long-term trajectory is higher.</p><h2>Charting the course</h2><p>We’ll begin as we always do, with the chart. Tesla is in a consolidatory phase right now, having lost key moving average support in recent days.</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bd969b308166473c523851a9fe245ed\" alt=\"Chart\" title=\"Chart\" tg-width=\"640\" tg-height=\"714\"/><span>Chart</span></p><p></p><p style=\"text-align: left;\"><strong>StockCharts</strong></p><p></p><p>We have three local tops, which I’ve connected with the blue line above. There are lower highs being made, and there’s very strong support in the area of ~$165, which <em>has </em>to hold for the bulls; if that level is lost, look out below for a potential test of $100. I don’t think that’s going to happen, but I would not recommend Tesla should it lose that support level.</p><p>I mentioned the moving average support that was lost, and you can see where the rising 50-day simple moving average in blue above was used as support in early March. That line was lost a few days ago, and the stock fell further after losing it. This is not a bullish development and it’s giving me pause in terms of wanting to run out and buy the stock.</p><p>The accumulation/distribution line still looks outstanding, and very bullish. It measures whether big institutional money is buying dips or selling rips, and we are firmly in the former category for Tesla. That’s a bullish sign that the stock is being accumulated, which tends to indicate longer-term bullishness.</p><p>The 14-day RSI looks good as it continues to hold the 40 level, which is bull market behavior. The PPO is also testing the centerline, and we’ll need to see a bounce fairly soon to keep that bullishness alive.</p><p>To sum this up, given the loss of the moving average support, and lower highs being made, I would not be surprised to see a test of the $165 area. Should that occur, Tesla would be a great buy as the risk/reward would be outstanding. For now, it’s in no-man’s land.</p><p>The bottom panel has the stock’s correlation to the 10-year Treasury yield, which is key given the rate environment we’re in today. We can see Tesla’s long-term correlation to the 10-year Treasury is highly negative, which means 10-year Treasury yields and Tesla stock move in different directions. This makes perfect sense as higher rates mean lower valuations for growth stocks, and vice versa. Given that, it makes sense to look at yields, and we’ll do that now.</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df23caaa9d1b39024f979a6cda4535bb\" alt=\"Chart\" title=\"Chart\" tg-width=\"640\" tg-height=\"517\"/><span>Chart</span></p><p></p><p style=\"text-align: left;\"><strong>StockCharts</strong></p><p></p><p>The 10-year is testing absolutely critical support in the area of 3.3%, and given the look of momentum, I would be absolutely shocked if we don’t get a breakdown of yield, which is the same thing as a breakout of price, given price and yield move inversely. Point being, if I’m right about the direction of rates, Tesla and other growth stocks should do very well indeed.</p><h2>Fundamentals a mixed bag</h2><p>We all know the automakers are struggling with supply chain issues, and have been for some time. Of course, there are plenty of industries still grappling with the challenges that COVID presented across the globe. That means there are still wait times across the industry for various types of vehicles, dealer lots remain under-inventoried compared to pre-COVID norms, and rising loan interest rates that are crimping consumers’ ability to pay.</p><p>It is, perhaps, no wonder that estimates have come down for Tesla from a revenue perspective in recent months.</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e6db56943296955b720ccc22605349e2\" alt=\"vehicle deliveries\" title=\"vehicle deliveries\" tg-width=\"488\" tg-height=\"663\"/><span>vehicle deliveries</span></p><p></p><p style=\"text-align: left;\"><strong>Investor presentation</strong></p><p></p><p>Tesla has seen dips and pauses in vehicle delivery numbers in the past, but it appears to my eye that another one is a low probability. The company is seeing massive growth in China, as well as continuing to play around with U.S. pricing of its models. Much digital ink has been spilled about pricing actions from Tesla, but it seems pretty clear to me that these actions are being done out of a position of strength, not weakness.</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3aa5e5e33f385e932756392920212de\" alt=\"market share\" title=\"market share\" tg-width=\"640\" tg-height=\"303\"/><span>market share</span></p><p></p><p style=\"text-align: left;\"><strong>Investor presentation</strong></p><p></p><p>So long as these lines move up and to the right, I’m not bothered with pricing actions. Every firm in every industry wants market share gains, and Tesla has them.</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd8229ac2f452d6c4265fab68ea84bb9\" alt=\"revenue revisions\" title=\"revenue revisions\" tg-width=\"640\" tg-height=\"220\"/><span>revenue revisions</span></p><p></p><p style=\"text-align: left;\"><strong>Seeking Alpha</strong></p><p></p><p>That being said, revenue estimates are headed lower in the past several months, which is less than ideal. So long as revenue estimates are falling, the stock may struggle to make a significant move higher. However, if/when they do turn higher again, look out above in terms of the stock price.</p><p>I normally would place more weight on revenue estimates, except that Tesla’s margin profile has continued to get better and better over time. What that means is that it is in a position to generate higher profitability on each dollar of revenue, and gives it the freedom to do things like cut prices. As I said, strength, not weakness.</p><p>Below, we have gross and operating margins on a trailing-twelve-months basis for the past few years for some context.</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/16a5716422a4230b2d626cd03ab40b35\" alt=\"\" title=\"\" tg-width=\"640\" tg-height=\"185\"/></p>Both have moved sharply higher over time, but what’s interesting is that operating margins have continued to grow while gross margins have actually declined in recent quarters. In the first quarter of 2022, gross margins were 27.1% of revenue, while operating margins were 15.5%. That’s a difference of 11.6%. The most recent quarter (with fresh earnings due out in a couple of weeks) was 25.6% and 16.8%, respectively. That’s a difference of 8.8%, which means the gap between operating margin and gross margin is contracting fairly rapidly. That’s an excellent development as it means that each dollar of revenue is becoming more profitable, <em>despite declining gross margins</em>. Imagine what would happen should the company focus on building gross margins again.<p></p><p>Regardless of whether the company continues to focus on market share, or decides to go after more margin, the future is bright and be in no doubt; pricing actions are being done from a position of strength.</p><h2>Cash is king</h2><p>One problem Tesla used to have – and one that I was very concerned about a few years ago – is cash burn. We all know Tesla expanded extremely rapidly over the past few years, which takes cash. However, not only does the company not burn cash any longer, but its balance sheet is absolutely outstanding.</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c719393fec512ae018e4c836fbc4def\" alt=\"\" title=\"\" tg-width=\"640\" tg-height=\"184\"/></p>Net debt is now down to a net cash position of more than $16 billion, which has numerous benefits. Tesla no longer needs to borrow money or issue stock to fund development. It can make acquisitions, it can invest that cash for additional income, or it can expand at whatever pace it deems necessary. That includes things like rapid expansion of gigafactories, development and refinement of new and existing models, etc. Cash used to be the single biggest issue for Tesla, but now is a massive source of strength.<p></p><p>How has Tesla built a fortress balance sheet? Free cash flow (&#34;FCF&#34;).</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d1a3f6a321d63b4d9ce1cf8d2a4cce6\" alt=\"\" title=\"\" tg-width=\"640\" tg-height=\"360\"/></p>TTM FCF is up to $7+ billion, and FCF margin is consistently in the area of 9% to 11% of revenue. These are terrific numbers, and judging by the build in cash on the balance sheet – which is happening simultaneously with factory expansion globally – it’s more than sufficient. Should these numbers decline over time, concern will reign again. But I see no cause for concern here.<p></p><p>Finally, let’s take a look at EPS estimates, which, like revenue, don’t exactly look that great.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/996a5c22b8f9ff33f0550deb49ce1a5b\" alt=\"\" title=\"\" tg-width=\"640\" tg-height=\"221\"/></p>EPS estimates have come way down since late last year, but have plateaued. Is that it in terms of downward revisions? Time will tell, but anyone that’s familiar with my work knows I very much prefer rising EPS and revenue estimates. We don’t have that here, and that’s why I’m more cautious than I normally would be.<p></p><h2>A look at valuations</h2><p>Let’s start the valuation conversation with price to sales, which we have below for the past three years on a forward basis.</p><p></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769ab0ae3f0e5ce9168c55cbb27da5e1\" alt=\"\" title=\"\" tg-width=\"640\" tg-height=\"215\"/></p>Today’s forward P/S ratio is 5.7X, which is very near the bottom of the range. We could argue the days of 19X forward sales were frothy, and they almost certainly were. But the point stands that – from my perspective – Tesla is stronger than ever in many ways, while sporting what can only be considered a low forward P/S ratio.<p></p><p>Similarly, the forward P/E ratio just continues to fall, as the stock is seeing 46X forward earnings today, compared to an average of 110X in the past three years.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfed176bb7172af777a5dd39de6d86b9\" alt=\"\" title=\"\" tg-width=\"640\" tg-height=\"214\"/></p>I’m not going to try to convince anyone that 48X forward earnings is cheap, because we all have our own feelings on relative value. I’m also not going to value Tesla like a traditional automaker, because it isn’t one, and that’s a pointless exercise. I will, however, value the stock against its own historical tendencies, and just like revenue, I cannot see how Tesla, Inc. stock shouldn’t be considered reasonably valued at worst here.<p></p><p>Do I think we’ll see 110X forward earnings again? No. Is there upside potential to 60X or 70X? If I’m right about lower interest rates and a tech/growth bull market, then absolutely there is. For me, that’s the consideration. If we get a bull market in tech and growth this year, more so than what we’ve already seen, stocks like Tesla have enormous upside potential. If I’m wrong, you have the $165 area where you can stop out and take your loss. From a risk/reward perspective, we’re looking at Tesla, Inc. perhaps $20 on the downside, but ~$60 to the upside given $4 in EPS estimates times a 60 forward P/E.</p><p>I can already hear the laughing of value investors scoffing at the idea, but I follow the money, and it looks to me like Tesla, Inc. is attracting it in a big way. I’m maintaining my buy rating on Tesla stock, but am refraining from a strong buy given some of the concerns listed above. The closer we get to $165, the better the buy.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It's Almost Time To Load Up On Tesla</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\">\nIt's Almost Time To Load Up On Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-11 20:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4593228-its-almost-time-to-load-up-on-tesla><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla, Inc.'s massive rally has consolidated for months now.I see some reasons for caution at the moment, but remain longer-term bullish.Risk/reward here is terrific if you use stops prudently....</p>\n\n<a href=\"https://seekingalpha.com/article/4593228-its-almost-time-to-load-up-on-tesla\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4593228-its-almost-time-to-load-up-on-tesla","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1116529806","content_text":"SummaryTesla, Inc.'s massive rally has consolidated for months now.I see some reasons for caution at the moment, but remain longer-term bullish.Risk/reward here is terrific if you use stops prudently.Growth stocks have been absolutely outstanding so far this year, after being truly awful for most of 2022. My viewpoint on the U.S. market for 2023 is quite bullish, and that’s predicated on growth and tech continuing to outperform. We’ll see consolidation periods and selloffs, of course, but I maintain that we’ll see much higher prices in the U.S. equity markets at the end of this year than where we started.Perhaps the most followed growth stock is Tesla, Inc. (NASDAQ:TSLA), and the last time I covered the stock was about seven months ago. Much has occurred since then, to say the least. TSLA stock went to a well-publicized low of $101, but quite swiftly doubled off of that low. It’s one of the best performing stocks in the U.S. market so far this year, which is incredible given its size.The stock has been consolidating since the high, and we’ll touch on that below. However, so long as we hold the zone of support below, I’m maintaining my buy rating on Tesla. I’m not uber-bullish right now, but I still believe the medium and long-term trajectory is higher.Charting the courseWe’ll begin as we always do, with the chart. Tesla is in a consolidatory phase right now, having lost key moving average support in recent days.ChartStockChartsWe have three local tops, which I’ve connected with the blue line above. There are lower highs being made, and there’s very strong support in the area of ~$165, which has to hold for the bulls; if that level is lost, look out below for a potential test of $100. I don’t think that’s going to happen, but I would not recommend Tesla should it lose that support level.I mentioned the moving average support that was lost, and you can see where the rising 50-day simple moving average in blue above was used as support in early March. That line was lost a few days ago, and the stock fell further after losing it. This is not a bullish development and it’s giving me pause in terms of wanting to run out and buy the stock.The accumulation/distribution line still looks outstanding, and very bullish. It measures whether big institutional money is buying dips or selling rips, and we are firmly in the former category for Tesla. That’s a bullish sign that the stock is being accumulated, which tends to indicate longer-term bullishness.The 14-day RSI looks good as it continues to hold the 40 level, which is bull market behavior. The PPO is also testing the centerline, and we’ll need to see a bounce fairly soon to keep that bullishness alive.To sum this up, given the loss of the moving average support, and lower highs being made, I would not be surprised to see a test of the $165 area. Should that occur, Tesla would be a great buy as the risk/reward would be outstanding. For now, it’s in no-man’s land.The bottom panel has the stock’s correlation to the 10-year Treasury yield, which is key given the rate environment we’re in today. We can see Tesla’s long-term correlation to the 10-year Treasury is highly negative, which means 10-year Treasury yields and Tesla stock move in different directions. This makes perfect sense as higher rates mean lower valuations for growth stocks, and vice versa. Given that, it makes sense to look at yields, and we’ll do that now.ChartStockChartsThe 10-year is testing absolutely critical support in the area of 3.3%, and given the look of momentum, I would be absolutely shocked if we don’t get a breakdown of yield, which is the same thing as a breakout of price, given price and yield move inversely. Point being, if I’m right about the direction of rates, Tesla and other growth stocks should do very well indeed.Fundamentals a mixed bagWe all know the automakers are struggling with supply chain issues, and have been for some time. Of course, there are plenty of industries still grappling with the challenges that COVID presented across the globe. That means there are still wait times across the industry for various types of vehicles, dealer lots remain under-inventoried compared to pre-COVID norms, and rising loan interest rates that are crimping consumers’ ability to pay.It is, perhaps, no wonder that estimates have come down for Tesla from a revenue perspective in recent months.vehicle deliveriesInvestor presentationTesla has seen dips and pauses in vehicle delivery numbers in the past, but it appears to my eye that another one is a low probability. The company is seeing massive growth in China, as well as continuing to play around with U.S. pricing of its models. Much digital ink has been spilled about pricing actions from Tesla, but it seems pretty clear to me that these actions are being done out of a position of strength, not weakness.market shareInvestor presentationSo long as these lines move up and to the right, I’m not bothered with pricing actions. Every firm in every industry wants market share gains, and Tesla has them.revenue revisionsSeeking AlphaThat being said, revenue estimates are headed lower in the past several months, which is less than ideal. So long as revenue estimates are falling, the stock may struggle to make a significant move higher. However, if/when they do turn higher again, look out above in terms of the stock price.I normally would place more weight on revenue estimates, except that Tesla’s margin profile has continued to get better and better over time. What that means is that it is in a position to generate higher profitability on each dollar of revenue, and gives it the freedom to do things like cut prices. As I said, strength, not weakness.Below, we have gross and operating margins on a trailing-twelve-months basis for the past few years for some context.Both have moved sharply higher over time, but what’s interesting is that operating margins have continued to grow while gross margins have actually declined in recent quarters. In the first quarter of 2022, gross margins were 27.1% of revenue, while operating margins were 15.5%. That’s a difference of 11.6%. The most recent quarter (with fresh earnings due out in a couple of weeks) was 25.6% and 16.8%, respectively. That’s a difference of 8.8%, which means the gap between operating margin and gross margin is contracting fairly rapidly. That’s an excellent development as it means that each dollar of revenue is becoming more profitable, despite declining gross margins. Imagine what would happen should the company focus on building gross margins again.Regardless of whether the company continues to focus on market share, or decides to go after more margin, the future is bright and be in no doubt; pricing actions are being done from a position of strength.Cash is kingOne problem Tesla used to have – and one that I was very concerned about a few years ago – is cash burn. We all know Tesla expanded extremely rapidly over the past few years, which takes cash. However, not only does the company not burn cash any longer, but its balance sheet is absolutely outstanding.Net debt is now down to a net cash position of more than $16 billion, which has numerous benefits. Tesla no longer needs to borrow money or issue stock to fund development. It can make acquisitions, it can invest that cash for additional income, or it can expand at whatever pace it deems necessary. That includes things like rapid expansion of gigafactories, development and refinement of new and existing models, etc. Cash used to be the single biggest issue for Tesla, but now is a massive source of strength.How has Tesla built a fortress balance sheet? Free cash flow (\"FCF\").TTM FCF is up to $7+ billion, and FCF margin is consistently in the area of 9% to 11% of revenue. These are terrific numbers, and judging by the build in cash on the balance sheet – which is happening simultaneously with factory expansion globally – it’s more than sufficient. Should these numbers decline over time, concern will reign again. But I see no cause for concern here.Finally, let’s take a look at EPS estimates, which, like revenue, don’t exactly look that great.EPS estimates have come way down since late last year, but have plateaued. Is that it in terms of downward revisions? Time will tell, but anyone that’s familiar with my work knows I very much prefer rising EPS and revenue estimates. We don’t have that here, and that’s why I’m more cautious than I normally would be.A look at valuationsLet’s start the valuation conversation with price to sales, which we have below for the past three years on a forward basis.Today’s forward P/S ratio is 5.7X, which is very near the bottom of the range. We could argue the days of 19X forward sales were frothy, and they almost certainly were. But the point stands that – from my perspective – Tesla is stronger than ever in many ways, while sporting what can only be considered a low forward P/S ratio.Similarly, the forward P/E ratio just continues to fall, as the stock is seeing 46X forward earnings today, compared to an average of 110X in the past three years.I’m not going to try to convince anyone that 48X forward earnings is cheap, because we all have our own feelings on relative value. I’m also not going to value Tesla like a traditional automaker, because it isn’t one, and that’s a pointless exercise. I will, however, value the stock against its own historical tendencies, and just like revenue, I cannot see how Tesla, Inc. stock shouldn’t be considered reasonably valued at worst here.Do I think we’ll see 110X forward earnings again? No. Is there upside potential to 60X or 70X? If I’m right about lower interest rates and a tech/growth bull market, then absolutely there is. For me, that’s the consideration. If we get a bull market in tech and growth this year, more so than what we’ve already seen, stocks like Tesla have enormous upside potential. If I’m wrong, you have the $165 area where you can stop out and take your loss. From a risk/reward perspective, we’re looking at Tesla, Inc. perhaps $20 on the downside, but ~$60 to the upside given $4 in EPS estimates times a 60 forward P/E.I can already hear the laughing of value investors scoffing at the idea, but I follow the money, and it looks to me like Tesla, Inc. is attracting it in a big way. I’m maintaining my buy rating on Tesla stock, but am refraining from a strong buy given some of the concerns listed above. The closer we get to $165, the better the buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942954256,"gmtCreate":1681118824576,"gmtModify":1681118828429,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942954256","repostId":"2326667936","repostType":4,"repost":{"id":"2326667936","kind":"highlight","pubTimestamp":1681117501,"share":"https://ttm.financial/m/news/2326667936?lang=&edition=fundamental","pubTime":"2023-04-10 17:05","market":"us","language":"en","title":"Tesla, First Republic, TSMC, Micron And More: U.S. Stocks To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2326667936","media":"marketwatch","summary":"Stock futures traded steady Monday as investors assessed the monthly U.S. jobs report that showed a ","content":"<html><head></head><body><p>Stock futures traded steady Monday as investors assessed the monthly U.S. jobs report that showed a slowdown in hiring, and looked ahead to inflation data and the beginning of corporate earnings season later this week.</p><p>These stocks were poised to make moves Monday: </p><p>Pioneer Natural Resources (ticker: PXD) was rising 5.3% following a report from The Wall Street Journal that said Exxon Mobil (XOM) had held preliminary talks with the shale driller about a possible acquisition. Discussions between the two companies about a potential deal have been informal, people familiar with the matter told the Journal. Exxon dipped 0.5%.</p><p>$First Republic Bank(FRC-N)$ (FRC) was down 1.9% in premarket trading after the struggling regional lender said it would suspend paying quarterly cash dividends on its preferred stock. The bank, in a regulatory filing, said the move was “as a measure of prudent oversight.” First Republic suspended its common stock dividend in mid-March.</p><p>Tesla (TSLA) said it plans to build a new factory in Shanghai to boost production of its Megapack batteries. Elon Musk, chief executive of the electric-vehicle maker, said the company’s next “Megafactory” would be capable of producing 10,000 Megapacks per year. The new Shanghai plant would supplement the output of its Megapack factory in California. Tesla shares were down 0.4% in premarket trading.</p><p>Walmart (WMT) has sued Capital One Financial (COF) in effort to end a credit-card partnership between the two companies. Capital One shares fell 2.9% in premarket trading. Walmart’s lawsuit alleged that Capital One didn’t meet certain service obligations. A spokesman for the bank told the Journal it would “vigorously protect our contractual rights in court.”</p><p>American depositary receipts of Taiwan Semiconductor Manufacturing (TSM) fell 0.6% after the chip maker posted a 3.6% jump in first-quarter revenue but said revenue in March fell 15% from a year earlier.</p><p>Micron rallied nearly 5% in premarket trading. Citi analyst Christopher Danely said it&#39;s unlikely to actually have any impact on the memory chip maker. Danely pointed out that while China represents 15% of the company&#39;s sales, the company&#39;s fundamentals are largely driven by the dynamic random access memory cycle.</p><p>Earnings reports are expected Monday after the stock market closes from Tilray Brands (TLRY) and PriceSmart (PSMT).</p><p>Some of the biggest U.S. banks including JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), and BlackRock (BLK), will release quarterly earnings reports on Friday. Delta Air Lines (DAL) is scheduled to report quarterly earnings on Thursday.</p></body></html>","source":"mwatch_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla, First Republic, TSMC, Micron And More: U.S. Stocks To Watch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla, First Republic, TSMC, Micron And More: U.S. Stocks To Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-10 17:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/stock-market-movers-240ea0a8?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures traded steady Monday as investors assessed the monthly U.S. jobs report that showed a slowdown in hiring, and looked ahead to inflation data and the beginning of corporate earnings ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/stock-market-movers-240ea0a8?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","PXD":"先锋自然资源","TSLA":"特斯拉","MU":"美光科技"},"source_url":"https://www.marketwatch.com/articles/stock-market-movers-240ea0a8?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2326667936","content_text":"Stock futures traded steady Monday as investors assessed the monthly U.S. jobs report that showed a slowdown in hiring, and looked ahead to inflation data and the beginning of corporate earnings season later this week.These stocks were poised to make moves Monday: Pioneer Natural Resources (ticker: PXD) was rising 5.3% following a report from The Wall Street Journal that said Exxon Mobil (XOM) had held preliminary talks with the shale driller about a possible acquisition. Discussions between the two companies about a potential deal have been informal, people familiar with the matter told the Journal. Exxon dipped 0.5%.$First Republic Bank(FRC-N)$ (FRC) was down 1.9% in premarket trading after the struggling regional lender said it would suspend paying quarterly cash dividends on its preferred stock. The bank, in a regulatory filing, said the move was “as a measure of prudent oversight.” First Republic suspended its common stock dividend in mid-March.Tesla (TSLA) said it plans to build a new factory in Shanghai to boost production of its Megapack batteries. Elon Musk, chief executive of the electric-vehicle maker, said the company’s next “Megafactory” would be capable of producing 10,000 Megapacks per year. The new Shanghai plant would supplement the output of its Megapack factory in California. Tesla shares were down 0.4% in premarket trading.Walmart (WMT) has sued Capital One Financial (COF) in effort to end a credit-card partnership between the two companies. Capital One shares fell 2.9% in premarket trading. Walmart’s lawsuit alleged that Capital One didn’t meet certain service obligations. A spokesman for the bank told the Journal it would “vigorously protect our contractual rights in court.”American depositary receipts of Taiwan Semiconductor Manufacturing (TSM) fell 0.6% after the chip maker posted a 3.6% jump in first-quarter revenue but said revenue in March fell 15% from a year earlier.Micron rallied nearly 5% in premarket trading. Citi analyst Christopher Danely said it's unlikely to actually have any impact on the memory chip maker. Danely pointed out that while China represents 15% of the company's sales, the company's fundamentals are largely driven by the dynamic random access memory cycle.Earnings reports are expected Monday after the stock market closes from Tilray Brands (TLRY) and PriceSmart (PSMT).Some of the biggest U.S. banks including JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), and BlackRock (BLK), will release quarterly earnings reports on Friday. Delta Air Lines (DAL) is scheduled to report quarterly earnings on Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941719618,"gmtCreate":1680595809735,"gmtModify":1680595813049,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"👍&nbsp;","listText":"👍&nbsp;","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941719618","repostId":"1120115964","repostType":4,"repost":{"id":"1120115964","kind":"news","pubTimestamp":1680590743,"share":"https://ttm.financial/m/news/1120115964?lang=&edition=fundamental","pubTime":"2023-04-04 14:45","market":"us","language":"en","title":"Tesla Record Lifts Norway’s EV Sales Share to All-Time High","url":"https://stock-news.laohu8.com/highlight/detail?id=1120115964","media":"Bloomberg","summary":"Norwegians registered a higher share of electric cars in March than ever before, helped by a new mon","content":"<html><head></head><body><p>Norwegians registered a higher share of electric cars in March than ever before, helped by a new monthly record in the Nordic country for Tesla Inc.’s Model Y.</p><p style=\"text-align: start;\">Almost 87% of the 19,366 cars sold in March were electric, the Norwegian Road Federation OFV said Monday. Diesel and gasoline cars accounted for 2.7% of sales during the month, OFV said, adding the nation was on track for a 90% share of EVs in new car sales by the year-end.</p><p style=\"text-align: start;\">Norway is chasing a target to have zero-emission cars account for all new vehicle sales by 2025. The oil-rich nation was the first country to see new electric cars overtake showroom-fresh fossil models in 2020, bolstered by generous incentives such as reduced tolls, use of bus lanes and parking benefits.</p><p>“Sales of new diesel and gasoline cars are poised to become history in Norway,” OFV Director Oyvind Solberg Thorsen said. Though hybrid sales of around 10% also show that “not everyone is ready for an electric car quite yet.”</p><p style=\"text-align: start;\">Some 7,445 Tesla Model Ys were sold in Norway last month, for a 44% share of total — a new all-time high for any car model or brand in that country, according to OFV. This was followed by 1,076 Toyota’s bZ4X and 933 Volvo XZ40s.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Record Lifts Norway’s EV Sales Share to All-Time High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Record Lifts Norway’s EV Sales Share to All-Time High\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-04 14:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-04-04/tesla-record-lifts-norway-s-ev-sales-share-to-all-time-high?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Norwegians registered a higher share of electric cars in March than ever before, helped by a new monthly record in the Nordic country for Tesla Inc.’s Model Y.Almost 87% of the 19,366 cars sold in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-04-04/tesla-record-lifts-norway-s-ev-sales-share-to-all-time-high?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2023-04-04/tesla-record-lifts-norway-s-ev-sales-share-to-all-time-high?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120115964","content_text":"Norwegians registered a higher share of electric cars in March than ever before, helped by a new monthly record in the Nordic country for Tesla Inc.’s Model Y.Almost 87% of the 19,366 cars sold in March were electric, the Norwegian Road Federation OFV said Monday. Diesel and gasoline cars accounted for 2.7% of sales during the month, OFV said, adding the nation was on track for a 90% share of EVs in new car sales by the year-end.Norway is chasing a target to have zero-emission cars account for all new vehicle sales by 2025. The oil-rich nation was the first country to see new electric cars overtake showroom-fresh fossil models in 2020, bolstered by generous incentives such as reduced tolls, use of bus lanes and parking benefits.“Sales of new diesel and gasoline cars are poised to become history in Norway,” OFV Director Oyvind Solberg Thorsen said. Though hybrid sales of around 10% also show that “not everyone is ready for an electric car quite yet.”Some 7,445 Tesla Model Ys were sold in Norway last month, for a 44% share of total — a new all-time high for any car model or brand in that country, according to OFV. This was followed by 1,076 Toyota’s bZ4X and 933 Volvo XZ40s.","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941431010,"gmtCreate":1680516981830,"gmtModify":1680516985160,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941431010","repostId":"1127602835","repostType":4,"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941521882,"gmtCreate":1680462869347,"gmtModify":1680462872831,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087452914358580","idStr":"4087452914358580"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941521882","repostId":"1108517622","repostType":4,"repost":{"id":"1108517622","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1680342165,"share":"https://ttm.financial/m/news/1108517622?lang=&edition=fundamental","pubTime":"2023-04-01 17:42","market":"us","language":"en","title":"NIO Delivers 10,378 Vehicles in March 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1108517622","media":"Tiger Newspress","summary":"NIO delivered 10,378 vehicles in March 2023NIO delivered 31,041 vehicles in the three months ended M","content":"<html><head></head><body><ul><li><p><em>NIO delivered 10,378 vehicles in March 2023</em></p></li><li><p><em>NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-year</em></p></li><li><p><em>Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023</em></p></li></ul><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today announced its March and first quarter 2023 delivery results.</p><p>NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023.</p><p>Starting from March 28, 2023, NIO has rolled out the deployment of the third-generation Power Swap station in China, with each station having a service capacity of up to 408 swaps per day. As of March 31, 2023, NIO had deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467 chargers, and 1,154 destination charging stations with 7,993 chargers worldwide. NIO will speed up the expansion of the battery swapping network, and plans to install 1,000 Power Swap stations in 2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d86375244fb92102109e0063b6f11ea\" alt=\"News Release image\" title=\"News Release image\" tg-width=\"7679\" tg-height=\"3670\"/><span>News Release image</span></p><p>NIO has been gradually releasing NOP+ Beta to vehicles based on NIO Technology 2.0 (NT2.0). Since its debut on December 27, 2022, more than 30,000 users have activated and engaged NOP+ Beta, and the cumulative mileage has exceeded 15 million kilometers. Powered by our full-stack inhouse-developed intelligent driving technologies and closed-loop data management, NOP+ Beta has realized significant improvements in aspects of sense of reassurance, comfort and efficiency. Going forward, NIO will gradually deliver more features through over-the-air update to continuously improve users’ intelligent driving experience.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Delivers 10,378 Vehicles in March 2023</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\">\nNIO Delivers 10,378 Vehicles in March 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-04-01 17:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><p><em>NIO delivered 10,378 vehicles in March 2023</em></p></li><li><p><em>NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-year</em></p></li><li><p><em>Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023</em></p></li></ul><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today announced its March and first quarter 2023 delivery results.</p><p>NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023.</p><p>Starting from March 28, 2023, NIO has rolled out the deployment of the third-generation Power Swap station in China, with each station having a service capacity of up to 408 swaps per day. As of March 31, 2023, NIO had deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467 chargers, and 1,154 destination charging stations with 7,993 chargers worldwide. NIO will speed up the expansion of the battery swapping network, and plans to install 1,000 Power Swap stations in 2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d86375244fb92102109e0063b6f11ea\" alt=\"News Release image\" title=\"News Release image\" tg-width=\"7679\" tg-height=\"3670\"/><span>News Release image</span></p><p>NIO has been gradually releasing NOP+ Beta to vehicles based on NIO Technology 2.0 (NT2.0). Since its debut on December 27, 2022, more than 30,000 users have activated and engaged NOP+ Beta, and the cumulative mileage has exceeded 15 million kilometers. Powered by our full-stack inhouse-developed intelligent driving technologies and closed-loop data management, NOP+ Beta has realized significant improvements in aspects of sense of reassurance, comfort and efficiency. Going forward, NIO will gradually deliver more features through over-the-air update to continuously improve users’ intelligent driving experience.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO.SI":"蔚来","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108517622","content_text":"NIO delivered 10,378 vehicles in March 2023NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-yearCumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today announced its March and first quarter 2023 delivery results.NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023.Starting from March 28, 2023, NIO has rolled out the deployment of the third-generation Power Swap station in China, with each station having a service capacity of up to 408 swaps per day. As of March 31, 2023, NIO had deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467 chargers, and 1,154 destination charging stations with 7,993 chargers worldwide. NIO will speed up the expansion of the battery swapping network, and plans to install 1,000 Power Swap stations in 2023.News Release imageNIO has been gradually releasing NOP+ Beta to vehicles based on NIO Technology 2.0 (NT2.0). Since its debut on December 27, 2022, more than 30,000 users have activated and engaged NOP+ Beta, and the cumulative mileage has exceeded 15 million kilometers. Powered by our full-stack inhouse-developed intelligent driving technologies and closed-loop data management, NOP+ Beta has realized significant improvements in aspects of sense of reassurance, comfort and efficiency. Going forward, NIO will gradually deliver more features through over-the-air update to continuously improve users’ intelligent driving experience.","news_type":1},"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9943545072,"gmtCreate":1679583096896,"gmtModify":1679583100301,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":40,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943545072","repostId":"2321903119","repostType":4,"repost":{"id":"2321903119","kind":"news","pubTimestamp":1679576400,"share":"https://ttm.financial/m/news/2321903119?lang=&edition=fundamental","pubTime":"2023-03-23 21:00","market":"hk","language":"en","title":"Alibaba: Valuation Unjustifiably Low","url":"https://stock-news.laohu8.com/highlight/detail?id=2321903119","media":"Seeking Alpha","summary":"SummaryAlibaba undoubtedly suffered severe profit speed bumps in recent past years.However, it coped","content":"<html><head></head><body><h2>Summary</h2><ul><li>Alibaba undoubtedly suffered severe profit speed bumps in recent past years.</li><li>However, it coped with these challenges successfully in my view, and I see even better days lie ahead now due to several immediate catalysts.</li><li>Regulatory pressure and COVID restrictions are abating.</li><li>Thanks to a humongous cash position and strong cash flow, I see the company well-positioned to resume growth once the macroeconomic parameters improve.</li><li>Yet, its P/E is only in the single-digit range once the cash position is adjusted, simply unjustifiable in my view.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa9a505eccc9afba5e1add5b58cd582a\" tg-width=\"1080\" tg-height=\"606\" width=\"100%\" height=\"auto\"/><span>David Becker</span></p><h2>Investment thesis</h2><p>Alibaba (NYSE:BABA) recently released its 2022 December quarter earnings. In my view, the December quarter and also TTM 2022 earnings are quite solid, especially when the challenges were considered. As commented by Daniel Zhang, Chairman and CEO of BABA, &#34;We delivereda solid quarter despite softer demand, supply chain and logistics disruptions due to the impact of changes in COVID-19 measures.&#34;</p><p>Against this backdrop, the main thesis of this article is to argue that even better days lie ahead for BABA. And yet, it&#39;s currently trading at a valuation that is unjustifiable low, thus creating an attractive entry opportunity. Some of the key catalysts in the next 1 year or so include:</p><ol><li>I now see a potential thawing of relations between Chinese regulatory authorities and big technology firms. In recent years, regulators have taken a hard stance onChinese tech companies but, given the struggling domestic economy and the impacts created by the COVID pandemic, I see signs that the authorities are now more focused on returning the country to growth mode. For example, Ant Group recently received a regulatory greenlight for raising $1.5 billion in capital to further expand its consumer business.</li><li>Moreover, COVID-19-related headwinds should start to abate, thereby supporting a healthier economic backdrop and improved consumer spending. Even amid the COVID challenges, according to Toby Xu, the CFO of BABA, the company&#39;s profit growth has been strong due to its efforts to improve operating efficiency and cost optimization in the past. In the meantime, BABA&#39;s net cash position remains healthy (more on this later) and I see the company well-poised to resume strong cash flow growth once the macroeconomic environment improves.</li></ol><p>In the remainder of this article, I will examine its profitability, capital allocation flexibility, and also valuation to better support the above thesis.</p><h2>Profitability remains strong even amid the COVID</h2><p>Alibaba undoubtedly suffered severe profit headwinds in the past few years due to a range of factors including the aforementioned regulatory tightening, elevated operating costs, and softened consumer demand due to COVID, as you can see clearly from the following two charts.</p><p>The first chart shows its return on capital employed (&#34;ROCE&#34;) in recent years, highlighting the year 2022. As seen, the company&#39;s profitability has suffered significantly, and its ROCE retreated from almost 97% in Q1 of 2022 to about 64% based on TTM 2022 financial results. The second chart, taken from its December earnings report (&#34;ER&#34;), shows its operating margin falling to a meager 3% by the end of 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/775962b980f1a52e82eefa6f686e7f31\" tg-width=\"640\" tg-height=\"273\" width=\"100%\" height=\"auto\"/><span>Source: author based on SA data</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6bf1ca45d0e17dd2a07e50964b47ec46\" tg-width=\"640\" tg-height=\"398\" width=\"100%\" height=\"auto\"/><span>BABA 2022 Dec Quarter ER</span></p><p>Nonetheless, BABA&#39;s profitability remained robust enough amid these strong headwinds, and now I see signs that the trend is turning. As shown in the next chart below, its current ROCE of 64% is on par with the FAAMG group. Furthermore, its profit margins have drastically improved in the past year. As shown in the chart above, its operating margin has improved from 3% as reported in its December 2021 quarter year to 14% during the most recent reporting period. In the meantime, the adjusted EBITDA margin also expanded from 21% in December 2021 to 24% in the most recent reporting period.</p><p>Next, I will argue that thanks to its strong net cash position, the company is well-poised to resume full speed growth once the macroeconomic environment improves.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5cd3d966b42ec845e591c777f39fecc\" tg-width=\"640\" tg-height=\"297\" width=\"100%\" height=\"auto\"/><span>Source: author and Seeking Alpha.</span></p><h2>Capital allocation remains highly flexible</h2><p>BABA has historically always maintained a strong financial position. However, its financial position has been weakened to some degree due to its commitment to the Chinese common prosperity funds, high tax rates, fines, and regulatory changes. To wit, its $15.5B pledge to the common prosperity fund over the next five years translates to a commitment of $3.1B per year. Despite all these, for the nine months ended December 31, 2022 (see the next chart below), it reported an operating cash flow totaling $24.4B, putting a better context for the above commitment (and also its cash obligations for investing and financing obligations).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24ce0c7eda03d424d4d459006356452a\" tg-width=\"640\" tg-height=\"184\" width=\"100%\" height=\"auto\"/><span>BABA 2022 Dec Quarter ER</span></p><p>In the meantime, the company maintains a large cash position on its ledger. Total Cash and cash equivalents currently hover around $75.3B as shown below. It has a relatively low debt level (totaling $27.7B), resulting in a sizable net positive cash position. All told, these numbers translate into a cash position of around $10.9 per ADS, which is about 13.1% of its current shares.</p><p>And as to be discussed next, it&#39;s significantly higher than other comparable peers and makes its valuation even lower than on the surface.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58a82bcf990b6168407941953b59ca39\" tg-width=\"640\" tg-height=\"202\" width=\"100%\" height=\"auto\"/><span>Seeking alpha data</span></p><h2>Valuation unjustifiable</h2><p>According to SA data, the FY1 P/E of Alibaba is about 10.8x only, only a fraction of the valuation multiple of peers like AAPL, GOOG, and AMZN. And bear in mind that, as just mentioned, there is roughly $10.9 worth of cash per ADS (about 13.1% of the current share price), dramatically higher than the other stocks listed here. AMZN has the second-highest cash per share as a percentage of its share price at 5.2%.</p><p>When the cash position is adjusted, BABA&#39;s FY1 P/E is in the single-digit: only 9.4x.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc638563d89e75957acb65b284cd74c7\" tg-width=\"640\" tg-height=\"229\" width=\"100%\" height=\"auto\"/><span>Source: author and Seeking Alpha data.</span></p><h2>Risks and final thoughts</h2><p>BABA is subject to various risks, and prospective investors should definitely exercise caution due to the significant uncertainties involved here. To start, as detailed in our earlier articles, some of these risks could result in a complete loss (such as with the VIE risk) or substantial losses (such as with the delisting risks).</p><p>Here I will focus on risks that are more relevant to the specific catalysts I mentioned earlier. These risks include competitive risks, operational risks, and geopolitical risks. BABA operates in highly competitive markets, including e-commerce, cloud computing, and digital payments. Existing and potential competitors can disrupt its business model or compete on price and pressure its margin. Operationally, even though China has recently lifted its Zero COVID policy, it remains uncertain how quickly customer demand can recover. And there is always the possibility for another resurgence. Finally, BABA operates in multiple countries and may face risks related to geopolitical tensions, especially with the trade tensions between the U.S. and China and also the political instability in the Russian/Ukraine region.</p><p>To conclude, BABA delivered solid results amid all the challenges in recent years the way I see things. And I see even better days lie ahead for BABA. I see a few key catalysts in the next 12 months or so, including the thawing of tension with regulatory authorities, the lift of COVID restrictions, and the recovery of consumer spending. With its strong balance sheet and strong cash flow, I see the company as well-poised to resume robust growth once the macroeconomic parameters improve. Yet, it&#39;s trading at a single-digit P/E, simply too low to be justifiable in my view.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p><p><i>This article is written by Sensor Unlimited for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: Valuation Unjustifiably Low</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Valuation Unjustifiably Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-23 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4589544-alibaba-valuation-unjustifiably-low><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba undoubtedly suffered severe profit speed bumps in recent past years.However, it coped with these challenges successfully in my view, and I see even better days lie ahead now due to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4589544-alibaba-valuation-unjustifiably-low\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4502":"阿里概念","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4505":"高瓴资本持仓","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念","BABA":"阿里巴巴","BK4554":"元宇宙及AR概念","LU1688375341.USD":"贝莱德中国灵活股票基金","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","BK4531":"中概回港概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4558":"双十一","BK4587":"ChatGPT概念","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4538":"云计算","BK4527":"明星科技股","BK4579":"人工智能","09988":"阿里巴巴-W","BK4526":"热门中概股","BK4588":"碎股","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4503":"景林资产持仓","BK4122":"互联网与直销零售"},"source_url":"https://seekingalpha.com/article/4589544-alibaba-valuation-unjustifiably-low","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2321903119","content_text":"SummaryAlibaba undoubtedly suffered severe profit speed bumps in recent past years.However, it coped with these challenges successfully in my view, and I see even better days lie ahead now due to several immediate catalysts.Regulatory pressure and COVID restrictions are abating.Thanks to a humongous cash position and strong cash flow, I see the company well-positioned to resume growth once the macroeconomic parameters improve.Yet, its P/E is only in the single-digit range once the cash position is adjusted, simply unjustifiable in my view.David BeckerInvestment thesisAlibaba (NYSE:BABA) recently released its 2022 December quarter earnings. In my view, the December quarter and also TTM 2022 earnings are quite solid, especially when the challenges were considered. As commented by Daniel Zhang, Chairman and CEO of BABA, \"We delivereda solid quarter despite softer demand, supply chain and logistics disruptions due to the impact of changes in COVID-19 measures.\"Against this backdrop, the main thesis of this article is to argue that even better days lie ahead for BABA. And yet, it's currently trading at a valuation that is unjustifiable low, thus creating an attractive entry opportunity. Some of the key catalysts in the next 1 year or so include:I now see a potential thawing of relations between Chinese regulatory authorities and big technology firms. In recent years, regulators have taken a hard stance onChinese tech companies but, given the struggling domestic economy and the impacts created by the COVID pandemic, I see signs that the authorities are now more focused on returning the country to growth mode. For example, Ant Group recently received a regulatory greenlight for raising $1.5 billion in capital to further expand its consumer business.Moreover, COVID-19-related headwinds should start to abate, thereby supporting a healthier economic backdrop and improved consumer spending. Even amid the COVID challenges, according to Toby Xu, the CFO of BABA, the company's profit growth has been strong due to its efforts to improve operating efficiency and cost optimization in the past. In the meantime, BABA's net cash position remains healthy (more on this later) and I see the company well-poised to resume strong cash flow growth once the macroeconomic environment improves.In the remainder of this article, I will examine its profitability, capital allocation flexibility, and also valuation to better support the above thesis.Profitability remains strong even amid the COVIDAlibaba undoubtedly suffered severe profit headwinds in the past few years due to a range of factors including the aforementioned regulatory tightening, elevated operating costs, and softened consumer demand due to COVID, as you can see clearly from the following two charts.The first chart shows its return on capital employed (\"ROCE\") in recent years, highlighting the year 2022. As seen, the company's profitability has suffered significantly, and its ROCE retreated from almost 97% in Q1 of 2022 to about 64% based on TTM 2022 financial results. The second chart, taken from its December earnings report (\"ER\"), shows its operating margin falling to a meager 3% by the end of 2021.Source: author based on SA dataBABA 2022 Dec Quarter ERNonetheless, BABA's profitability remained robust enough amid these strong headwinds, and now I see signs that the trend is turning. As shown in the next chart below, its current ROCE of 64% is on par with the FAAMG group. Furthermore, its profit margins have drastically improved in the past year. As shown in the chart above, its operating margin has improved from 3% as reported in its December 2021 quarter year to 14% during the most recent reporting period. In the meantime, the adjusted EBITDA margin also expanded from 21% in December 2021 to 24% in the most recent reporting period.Next, I will argue that thanks to its strong net cash position, the company is well-poised to resume full speed growth once the macroeconomic environment improves.Source: author and Seeking Alpha.Capital allocation remains highly flexibleBABA has historically always maintained a strong financial position. However, its financial position has been weakened to some degree due to its commitment to the Chinese common prosperity funds, high tax rates, fines, and regulatory changes. To wit, its $15.5B pledge to the common prosperity fund over the next five years translates to a commitment of $3.1B per year. Despite all these, for the nine months ended December 31, 2022 (see the next chart below), it reported an operating cash flow totaling $24.4B, putting a better context for the above commitment (and also its cash obligations for investing and financing obligations).BABA 2022 Dec Quarter ERIn the meantime, the company maintains a large cash position on its ledger. Total Cash and cash equivalents currently hover around $75.3B as shown below. It has a relatively low debt level (totaling $27.7B), resulting in a sizable net positive cash position. All told, these numbers translate into a cash position of around $10.9 per ADS, which is about 13.1% of its current shares.And as to be discussed next, it's significantly higher than other comparable peers and makes its valuation even lower than on the surface.Seeking alpha dataValuation unjustifiableAccording to SA data, the FY1 P/E of Alibaba is about 10.8x only, only a fraction of the valuation multiple of peers like AAPL, GOOG, and AMZN. And bear in mind that, as just mentioned, there is roughly $10.9 worth of cash per ADS (about 13.1% of the current share price), dramatically higher than the other stocks listed here. AMZN has the second-highest cash per share as a percentage of its share price at 5.2%.When the cash position is adjusted, BABA's FY1 P/E is in the single-digit: only 9.4x.Source: author and Seeking Alpha data.Risks and final thoughtsBABA is subject to various risks, and prospective investors should definitely exercise caution due to the significant uncertainties involved here. To start, as detailed in our earlier articles, some of these risks could result in a complete loss (such as with the VIE risk) or substantial losses (such as with the delisting risks).Here I will focus on risks that are more relevant to the specific catalysts I mentioned earlier. These risks include competitive risks, operational risks, and geopolitical risks. BABA operates in highly competitive markets, including e-commerce, cloud computing, and digital payments. Existing and potential competitors can disrupt its business model or compete on price and pressure its margin. Operationally, even though China has recently lifted its Zero COVID policy, it remains uncertain how quickly customer demand can recover. And there is always the possibility for another resurgence. Finally, BABA operates in multiple countries and may face risks related to geopolitical tensions, especially with the trade tensions between the U.S. and China and also the political instability in the Russian/Ukraine region.To conclude, BABA delivered solid results amid all the challenges in recent years the way I see things. And I see even better days lie ahead for BABA. I see a few key catalysts in the next 12 months or so, including the thawing of tension with regulatory authorities, the lift of COVID restrictions, and the recovery of consumer spending. With its strong balance sheet and strong cash flow, I see the company as well-poised to resume robust growth once the macroeconomic parameters improve. Yet, it's trading at a single-digit P/E, simply too low to be justifiable in my view.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.This article is written by Sensor Unlimited for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947934156,"gmtCreate":1682438295675,"gmtModify":1682438299451,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947934156","repostId":"1116137930","repostType":4,"repost":{"id":"1116137930","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1682433288,"share":"https://ttm.financial/m/news/1116137930?lang=&edition=fundamental","pubTime":"2023-04-25 22:34","market":"us","language":"en","title":"Top Calls on Wall Street: Meta, Tesla, Amazon, Nike, Hasbro, First Republic & More","url":"https://stock-news.laohu8.com/highlight/detail?id=1116137930","media":"Tiger Newspress","summary":"Here are Tuesday’s biggest calls on Wall Street:Morgan Stanley reiterates Dick’s as overweightMorgan","content":"<html><head></head><body><p>Here are Tuesday’s biggest calls on Wall Street:</p><h3 style=\"text-align: start;\">Morgan Stanley reiterates Dick’s as overweight</h3><p>Morgan Stanley said the stock is “undervalued.”</p><p>“<a href=\"https://laohu8.com/S/DKS\">DKS</a> trades in-line with history on P/E but at a ~20% premium on EV/EBITDA – the largest divergence in our coverage. ... Our conclusion: DKS is still structurally undervalued &amp; could rerate further.”</p><h3 style=\"text-align: start;\">Citi upgrades Squarespace to buy from neutral</h3><p>Citi said it sees an “improved growth outlook” for the website hosing company.</p><p>“We upgrade <a href=\"https://laohu8.com/S/SQSP\">SQSP</a> shares to Buy from Neutral and raise our TP to $40 from $30, reflecting an improved growth outlook resulting in upside tension to our near-term and long-term estimates.”</p><h3 style=\"text-align: start;\">Stifel downgrading ASML to hold from buy</h3><p>Stifel said in its downgrade of the semis supplier that it expects “industry outperformance to pause” in 2024.</p><p>“We are downgrading our rating to Hold from Buy as we expect <a href=\"https://laohu8.com/S/ASML\">ASML</a>’s industry outperformance in 2023 (+25% sales growth) to pause in 2024 (we forecast 5.5% growth).”</p><h3 style=\"text-align: start;\">Bernstein reiterates Tesla as underperform</h3><p>Bernstein said the “specter of further price cuts and downward revisions may make it difficult for the stock in the near to medium term.”</p><p>“At its core, we believe that <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>’s planned Model 3 and Y volume ambitions were unrealistically aggressive - somewhere around 3 to 4M units per year - or nearly ~50% global market share of their highly fragmented market segments.”</p><h3 style=\"text-align: start;\">Piper Sandler initiates VF Corp as overweight</h3><p>Piper said in its initiation of the Vans parent that it sees margin expansion “opportunities.”</p><p>“We are more bullish on <a href=\"https://laohu8.com/S/VFC\">VFC</a> on the opportunity for a turnaround at Vans, clear margin expansion opportunities, and compelling valuation at 8.2x our CY24 EPS estimate.”</p><h3 style=\"text-align: start;\">Goldman Sachs upgrades ZTO to buy from neutral</h3><p>Goldman upgraded the China express delivery company and said it sees a “re-acceleration in share gains .”</p><p>“We are turning incrementally constructive on express delivery within eCommerce/logistics, and upgrade <a href=\"https://laohu8.com/S/ZTO\">ZTO</a> to Buy on relatively stable pricing, re-acceleration in share gains and potential Southbound inclusion.”</p><h3 style=\"text-align: start;\">Janney downgrades First Republic to sell from neutral</h3><p>Janney said in its downgrade of the regional bank that it needs the “mother of all pivots” to survive.</p><p>“Lowering to SELL. After Worse-Than-Expected Results, <a href=\"https://laohu8.com/S/FRC\">FRC</a> Needs to Pull Off the Mother of All Pivots to Survive.”</p><p>Read more about this call here.</p><h3 style=\"text-align: start;\">MoffettNathanson reiterates Netflix as market perform</h3><p>Moffett said it was impressed by <a href=\"https://laohu8.com/S/NELX\">Netflix</a>’s free-cash flow i earnings last week.</p><p>“For the first quarter, Netflix’s free cash flow from operations improved from $920 million in 1Q22 to $2.2 billion in 1Q23 – over +$1.2 billion better.”</p><h3 style=\"text-align: start;\">Baird reiterates Crocs, Deckers, Nike and Planet Fitness as outperform</h3><p>Baird said there are still several apparel and footwear companies that are well positioned for a “challenging environment.”</p><p>“We believe <a href=\"https://laohu8.com/S/CROX\">CROX</a>, <a href=\"https://laohu8.com/S/DECK\">DECK</a>, <a href=\"https://laohu8.com/S/PLNT\">PLNT</a>, and <a href=\"https://laohu8.com/S/NKE\">NKE</a> remain attractive given strong brand-level drivers, low earnings sensitivity, and healthy balance sheet positioning.”</p><h3 style=\"text-align: start;\">Citi reiterates Netflix as buy</h3><p>Citi said it sees more upside in shares of Netflix.</p><p>“We continue to like <a href=\"https://laohu8.com/S/NFLX\">NFLX</a> on the prospects of its ad tier and opportunity to close this CPM (cost per thousand) gap relative to its peers.”</p><h3>Credit Suisse upgrades Zebra Technologies to outperform from neutral</h3><p>Credit Suisse upgraded the computer technology company due to <a href=\"https://laohu8.com/S/ZBRA\">Zebra</a>’s strength in Europe.</p><p>“Upgrading to Outperform, The Tail Wags the Dog, Europe to Drive Upside EPS and Solid Q2 Guide.”</p><h3 style=\"text-align: start;\">Stephens downgrades Cal-Maine Foods to equal weight from overweight</h3><p>Stephens downgraded the egg production manufacturer due to pricing concerns.</p><p>“When considering what’s currently playing out for eggs, we think it is best for us move to the sidelines on <a href=\"https://laohu8.com/S/CALM\">Cal-Maine</a> as we think risk/reward is now more balanced.”</p><h3 style=\"text-align: start;\">Bank of America upgrades Soho House to buy from underperform</h3><p>Bank of America said in its double upgrade of the private member social club that it has a “multi-year secular compounding story.”</p><p>“we view <a href=\"https://laohu8.com/S/SHCO\">Soho House</a> as a unique, membership driven, multi-year secular compounding story with little/no competition.”</p><h3 style=\"text-align: start;\">KeyBanc reiterates Walmart as overweight</h3><p>KeyBanc said Walmart has one of the most compelling growth opportunities of the last 20 years.</p><p>“We believe <a href=\"https://laohu8.com/S/WMT\">WMT</a> has the most compelling growth outlook of the past 20 years, supported by share gains in key categories.”</p><h3 style=\"text-align: start;\">Credit Suisse reiterates Amazon as outperform</h3><p>Credit Suisse said it’s standing by shares of <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> heading into earnings later this week.</p><p>“We maintain our Outperform rating, with the thesis based on the following: 1) e-commerce segment operating margin expansion as it grows into its larger infrastructure, 2) optionality for faster than- expected FCF growth vis-à-vis its advertising segment, and 3) upward bias to AWS revenue forecasts and likely more moderate deceleration path.”</p><h3 style=\"text-align: start;\">Jefferies reiterates Hasbro as buy</h3><p>Jefferies said it sees more upside for the toy company mainly due to Magic: The Gathering card game.</p><p>“Magic: The Gathering has been a key growth driver and source of margin expansion at <a href=\"https://laohu8.com/S/HAS\">HAS</a>.”</p><h3 style=\"text-align: start;\">Citi reiterates Meta as buy</h3><p>Citi said it’s staying bullish heading into Meta earnings on Wednesday.</p><p>“<a href=\"https://laohu8.com/S/META\">Meta</a> remains our top online advertising pick as our checks suggest the digital advertising market has stabilized, Meta’s newer ad units and tools like Click-to-Message, Sponsored Reels, and Adv+ are gaining traction, engagement continues to grow, and profitability is improving following headcount reductions and a more streamlined organization.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Calls on Wall Street: Meta, Tesla, Amazon, Nike, Hasbro, First Republic & More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Calls on Wall Street: Meta, Tesla, Amazon, Nike, Hasbro, First Republic & More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-04-25 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Here are Tuesday’s biggest calls on Wall Street:</p><h3 style=\"text-align: start;\">Morgan Stanley reiterates Dick’s as overweight</h3><p>Morgan Stanley said the stock is “undervalued.”</p><p>“<a href=\"https://laohu8.com/S/DKS\">DKS</a> trades in-line with history on P/E but at a ~20% premium on EV/EBITDA – the largest divergence in our coverage. ... Our conclusion: DKS is still structurally undervalued &amp; could rerate further.”</p><h3 style=\"text-align: start;\">Citi upgrades Squarespace to buy from neutral</h3><p>Citi said it sees an “improved growth outlook” for the website hosing company.</p><p>“We upgrade <a href=\"https://laohu8.com/S/SQSP\">SQSP</a> shares to Buy from Neutral and raise our TP to $40 from $30, reflecting an improved growth outlook resulting in upside tension to our near-term and long-term estimates.”</p><h3 style=\"text-align: start;\">Stifel downgrading ASML to hold from buy</h3><p>Stifel said in its downgrade of the semis supplier that it expects “industry outperformance to pause” in 2024.</p><p>“We are downgrading our rating to Hold from Buy as we expect <a href=\"https://laohu8.com/S/ASML\">ASML</a>’s industry outperformance in 2023 (+25% sales growth) to pause in 2024 (we forecast 5.5% growth).”</p><h3 style=\"text-align: start;\">Bernstein reiterates Tesla as underperform</h3><p>Bernstein said the “specter of further price cuts and downward revisions may make it difficult for the stock in the near to medium term.”</p><p>“At its core, we believe that <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>’s planned Model 3 and Y volume ambitions were unrealistically aggressive - somewhere around 3 to 4M units per year - or nearly ~50% global market share of their highly fragmented market segments.”</p><h3 style=\"text-align: start;\">Piper Sandler initiates VF Corp as overweight</h3><p>Piper said in its initiation of the Vans parent that it sees margin expansion “opportunities.”</p><p>“We are more bullish on <a href=\"https://laohu8.com/S/VFC\">VFC</a> on the opportunity for a turnaround at Vans, clear margin expansion opportunities, and compelling valuation at 8.2x our CY24 EPS estimate.”</p><h3 style=\"text-align: start;\">Goldman Sachs upgrades ZTO to buy from neutral</h3><p>Goldman upgraded the China express delivery company and said it sees a “re-acceleration in share gains .”</p><p>“We are turning incrementally constructive on express delivery within eCommerce/logistics, and upgrade <a href=\"https://laohu8.com/S/ZTO\">ZTO</a> to Buy on relatively stable pricing, re-acceleration in share gains and potential Southbound inclusion.”</p><h3 style=\"text-align: start;\">Janney downgrades First Republic to sell from neutral</h3><p>Janney said in its downgrade of the regional bank that it needs the “mother of all pivots” to survive.</p><p>“Lowering to SELL. After Worse-Than-Expected Results, <a href=\"https://laohu8.com/S/FRC\">FRC</a> Needs to Pull Off the Mother of All Pivots to Survive.”</p><p>Read more about this call here.</p><h3 style=\"text-align: start;\">MoffettNathanson reiterates Netflix as market perform</h3><p>Moffett said it was impressed by <a href=\"https://laohu8.com/S/NELX\">Netflix</a>’s free-cash flow i earnings last week.</p><p>“For the first quarter, Netflix’s free cash flow from operations improved from $920 million in 1Q22 to $2.2 billion in 1Q23 – over +$1.2 billion better.”</p><h3 style=\"text-align: start;\">Baird reiterates Crocs, Deckers, Nike and Planet Fitness as outperform</h3><p>Baird said there are still several apparel and footwear companies that are well positioned for a “challenging environment.”</p><p>“We believe <a href=\"https://laohu8.com/S/CROX\">CROX</a>, <a href=\"https://laohu8.com/S/DECK\">DECK</a>, <a href=\"https://laohu8.com/S/PLNT\">PLNT</a>, and <a href=\"https://laohu8.com/S/NKE\">NKE</a> remain attractive given strong brand-level drivers, low earnings sensitivity, and healthy balance sheet positioning.”</p><h3 style=\"text-align: start;\">Citi reiterates Netflix as buy</h3><p>Citi said it sees more upside in shares of Netflix.</p><p>“We continue to like <a href=\"https://laohu8.com/S/NFLX\">NFLX</a> on the prospects of its ad tier and opportunity to close this CPM (cost per thousand) gap relative to its peers.”</p><h3>Credit Suisse upgrades Zebra Technologies to outperform from neutral</h3><p>Credit Suisse upgraded the computer technology company due to <a href=\"https://laohu8.com/S/ZBRA\">Zebra</a>’s strength in Europe.</p><p>“Upgrading to Outperform, The Tail Wags the Dog, Europe to Drive Upside EPS and Solid Q2 Guide.”</p><h3 style=\"text-align: start;\">Stephens downgrades Cal-Maine Foods to equal weight from overweight</h3><p>Stephens downgraded the egg production manufacturer due to pricing concerns.</p><p>“When considering what’s currently playing out for eggs, we think it is best for us move to the sidelines on <a href=\"https://laohu8.com/S/CALM\">Cal-Maine</a> as we think risk/reward is now more balanced.”</p><h3 style=\"text-align: start;\">Bank of America upgrades Soho House to buy from underperform</h3><p>Bank of America said in its double upgrade of the private member social club that it has a “multi-year secular compounding story.”</p><p>“we view <a href=\"https://laohu8.com/S/SHCO\">Soho House</a> as a unique, membership driven, multi-year secular compounding story with little/no competition.”</p><h3 style=\"text-align: start;\">KeyBanc reiterates Walmart as overweight</h3><p>KeyBanc said Walmart has one of the most compelling growth opportunities of the last 20 years.</p><p>“We believe <a href=\"https://laohu8.com/S/WMT\">WMT</a> has the most compelling growth outlook of the past 20 years, supported by share gains in key categories.”</p><h3 style=\"text-align: start;\">Credit Suisse reiterates Amazon as outperform</h3><p>Credit Suisse said it’s standing by shares of <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> heading into earnings later this week.</p><p>“We maintain our Outperform rating, with the thesis based on the following: 1) e-commerce segment operating margin expansion as it grows into its larger infrastructure, 2) optionality for faster than- expected FCF growth vis-à-vis its advertising segment, and 3) upward bias to AWS revenue forecasts and likely more moderate deceleration path.”</p><h3 style=\"text-align: start;\">Jefferies reiterates Hasbro as buy</h3><p>Jefferies said it sees more upside for the toy company mainly due to Magic: The Gathering card game.</p><p>“Magic: The Gathering has been a key growth driver and source of margin expansion at <a href=\"https://laohu8.com/S/HAS\">HAS</a>.”</p><h3 style=\"text-align: start;\">Citi reiterates Meta as buy</h3><p>Citi said it’s staying bullish heading into Meta earnings on Wednesday.</p><p>“<a href=\"https://laohu8.com/S/META\">Meta</a> remains our top online advertising pick as our checks suggest the digital advertising market has stabilized, Meta’s newer ad units and tools like Click-to-Message, Sponsored Reels, and Adv+ are gaining traction, engagement continues to grow, and profitability is improving following headcount reductions and a more streamlined organization.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","NKE":"耐克","HAS":"孩之宝","META":"Meta Platforms, Inc.","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116137930","content_text":"Here are Tuesday’s biggest calls on Wall Street:Morgan Stanley reiterates Dick’s as overweightMorgan Stanley said the stock is “undervalued.”“DKS trades in-line with history on P/E but at a ~20% premium on EV/EBITDA – the largest divergence in our coverage. ... Our conclusion: DKS is still structurally undervalued & could rerate further.”Citi upgrades Squarespace to buy from neutralCiti said it sees an “improved growth outlook” for the website hosing company.“We upgrade SQSP shares to Buy from Neutral and raise our TP to $40 from $30, reflecting an improved growth outlook resulting in upside tension to our near-term and long-term estimates.”Stifel downgrading ASML to hold from buyStifel said in its downgrade of the semis supplier that it expects “industry outperformance to pause” in 2024.“We are downgrading our rating to Hold from Buy as we expect ASML’s industry outperformance in 2023 (+25% sales growth) to pause in 2024 (we forecast 5.5% growth).”Bernstein reiterates Tesla as underperformBernstein said the “specter of further price cuts and downward revisions may make it difficult for the stock in the near to medium term.”“At its core, we believe that Tesla’s planned Model 3 and Y volume ambitions were unrealistically aggressive - somewhere around 3 to 4M units per year - or nearly ~50% global market share of their highly fragmented market segments.”Piper Sandler initiates VF Corp as overweightPiper said in its initiation of the Vans parent that it sees margin expansion “opportunities.”“We are more bullish on VFC on the opportunity for a turnaround at Vans, clear margin expansion opportunities, and compelling valuation at 8.2x our CY24 EPS estimate.”Goldman Sachs upgrades ZTO to buy from neutralGoldman upgraded the China express delivery company and said it sees a “re-acceleration in share gains .”“We are turning incrementally constructive on express delivery within eCommerce/logistics, and upgrade ZTO to Buy on relatively stable pricing, re-acceleration in share gains and potential Southbound inclusion.”Janney downgrades First Republic to sell from neutralJanney said in its downgrade of the regional bank that it needs the “mother of all pivots” to survive.“Lowering to SELL. After Worse-Than-Expected Results, FRC Needs to Pull Off the Mother of All Pivots to Survive.”Read more about this call here.MoffettNathanson reiterates Netflix as market performMoffett said it was impressed by Netflix’s free-cash flow i earnings last week.“For the first quarter, Netflix’s free cash flow from operations improved from $920 million in 1Q22 to $2.2 billion in 1Q23 – over +$1.2 billion better.”Baird reiterates Crocs, Deckers, Nike and Planet Fitness as outperformBaird said there are still several apparel and footwear companies that are well positioned for a “challenging environment.”“We believe CROX, DECK, PLNT, and NKE remain attractive given strong brand-level drivers, low earnings sensitivity, and healthy balance sheet positioning.”Citi reiterates Netflix as buyCiti said it sees more upside in shares of Netflix.“We continue to like NFLX on the prospects of its ad tier and opportunity to close this CPM (cost per thousand) gap relative to its peers.”Credit Suisse upgrades Zebra Technologies to outperform from neutralCredit Suisse upgraded the computer technology company due to Zebra’s strength in Europe.“Upgrading to Outperform, The Tail Wags the Dog, Europe to Drive Upside EPS and Solid Q2 Guide.”Stephens downgrades Cal-Maine Foods to equal weight from overweightStephens downgraded the egg production manufacturer due to pricing concerns.“When considering what’s currently playing out for eggs, we think it is best for us move to the sidelines on Cal-Maine as we think risk/reward is now more balanced.”Bank of America upgrades Soho House to buy from underperformBank of America said in its double upgrade of the private member social club that it has a “multi-year secular compounding story.”“we view Soho House as a unique, membership driven, multi-year secular compounding story with little/no competition.”KeyBanc reiterates Walmart as overweightKeyBanc said Walmart has one of the most compelling growth opportunities of the last 20 years.“We believe WMT has the most compelling growth outlook of the past 20 years, supported by share gains in key categories.”Credit Suisse reiterates Amazon as outperformCredit Suisse said it’s standing by shares of Amazon heading into earnings later this week.“We maintain our Outperform rating, with the thesis based on the following: 1) e-commerce segment operating margin expansion as it grows into its larger infrastructure, 2) optionality for faster than- expected FCF growth vis-à-vis its advertising segment, and 3) upward bias to AWS revenue forecasts and likely more moderate deceleration path.”Jefferies reiterates Hasbro as buyJefferies said it sees more upside for the toy company mainly due to Magic: The Gathering card game.“Magic: The Gathering has been a key growth driver and source of margin expansion at HAS.”Citi reiterates Meta as buyCiti said it’s staying bullish heading into Meta earnings on Wednesday.“Meta remains our top online advertising pick as our checks suggest the digital advertising market has stabilized, Meta’s newer ad units and tools like Click-to-Message, Sponsored Reels, and Adv+ are gaining traction, engagement continues to grow, and profitability is improving following headcount reductions and a more streamlined organization.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943195325,"gmtCreate":1679241049767,"gmtModify":1679241052303,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":20,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943195325","repostId":"2320959642","repostType":2,"repost":{"id":"2320959642","kind":"highlight","pubTimestamp":1679190744,"share":"https://ttm.financial/m/news/2320959642?lang=&edition=fundamental","pubTime":"2023-03-19 09:52","market":"us","language":"en","title":"Fed to Consider a Pause as Fallout From SVB Roils Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=2320959642","media":"Bloomberg","summary":"UK, Switzerland, Norway, Nigeria, Philippines may hikeBrazil and Turkey will probably hold rates thi","content":"<html><head></head><body><ul><li>UK, Switzerland, Norway, Nigeria, Philippines may hike</li><li>Brazil and Turkey will probably hold rates this week</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ce3ee6825cfe7c9048ec5d9569ab627\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"/><span>Jerome Powell, chairman of the US Federal Reserve.Source: Bloomberg</span></p><p>Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.</p><p>Before the collapse of Silicon Valley Bank and the resulting fallout, Fed policy makers were poised to raise rates by as much as 50 basis points after a string of data suggested the economy was much stronger than officials thought at the beginning of the year.</p><p>Now, given the financial market volatility, many Fed watchers expect a smaller, quarter-point increase, and some say the US central bank will pause altogether after a two-day meeting that starts on Tuesday.</p><p>The decision follows a 50-basis-point rate hike from the European Central Bank on Thursday. President Christine Lagarde said the ECB remains committed to fighting inflation, while monitoring bank tensions closely.</p><p><img src=\"https://static.tigerbbs.com/ada28712e5122d8a9078a50d9eb73410\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>Also highly anticipated from the Fed meeting with be an update to the Summary of Economic Projections — a quarterly report laying out participants’ forecasts for everything from inflation to interest rates — and Chair Jerome Powell’s post-meeting press conference.</p><p>Amid the banking sector turmoil, Powell will likely face questions around the central bank’s supervision of SVB and other struggling entities.</p><p>He’ll also need to tread carefully when talking about the likely future path of interest rates. Before the banking issues emerged, Fed officials had indicated that rates would need to move above 5% this year and remain there until inflation was on pace to fall back to their 2% target.</p><p>Yet heightened uncertainty over to what extent bank capitalization issues — exacerbated by the Fed’s rapid interest rate increases and the impact on Treasury yields — will impact the broader economy may limit Powell’s ability to tighten much more going forward.</p><blockquote><b>What Bloomberg Economics Says...</b></blockquote><blockquote>“The FOMC faces its most challenging policy decision in recent memory on March 22. Market expectations have shifted sharply — from a 50-basis-point hike to a pause — as fears of bank contagion displace inflation concerns. We expect the Fed to hike 25 basis points, taking the upper bound from 4.75% to 5%. Reaccelerating inflation maintains pressure to keep hiking.”</blockquote><blockquote>— Anna Wong, chief US economist. For full analysis</blockquote><p>Elsewhere, 12 other central banks set policy in the coming week. Economists predict rate hikes in the UK, Switzerland, Norway, Nigeria and the Philippines, while Brazil and Turkey will probably hold. Meanwhile, traders betting on the Bank of Canada’s rate path will get a fresh inflation reading.</p><p><img src=\"https://static.tigerbbs.com/79cc947dfbf75d14dfbb8d227ff61642\" tg-width=\"961\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/></p><h2>Asia</h2><p>On Monday, the People’s Bank of China will likely report that banks left their loan prime rates unchanged as the economy gradually recovers.</p><p>In Tokyo, a summary of opinions from the Bank of Japan’s meeting earlier this month will shed more light on the rationale for keeping monetary policy steady ahead of Kazuo Ueda’s arrival at the helm in April.</p><p>Reserve Bank of Australia official Chris Kent on Monday may offer an up-to-date take on the policy stance and any concerns over financial market contagion. Those remarks will likely prove more timely than minutes due Tuesday from the RBA’s March meeting.</p><p><img src=\"https://static.tigerbbs.com/8fae5e782108c30c09e42d5192614e25\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>Early trade numbers from South Korea will offer a pulse check on global conditions.</p><p>Japan’s inflation figures on Friday are set to mirror earlier data that pointed to a cooling of prices, helped largely by newly subsidized electricity bills.</p><p>Hong Kong and Taiwan central banks will announce their interest rates on Thursday.</p><h2>Europe, Middle East, Africa</h2><p>The Fed may be the dominant central-bank decision this week, but several others will also draw investors’ attention.</p><p>The Bank of England takes center stage in Europe. Officials await the latest UK inflation reading on Wednesday, possibly showing price growth is still close to double digits. Most economists predict rates will be raised by a quarter-point the next day, though with financial tensions still simmering, a minority sees no change.</p><p><img src=\"https://static.tigerbbs.com/b127e6c21b263dfe8d35439c08f586ff\" tg-width=\"963\" tg-height=\"545\" referrerpolicy=\"no-referrer\"/></p><p>Here’s a quick rundown of the other decisions due:</p><ul><li>The Swiss National Bank meeting on Thursday is a quarterly one and there’s catch-up to do, so a hike of as much as 50 basis points is widely anticipated. Overshadowing the outcome is Credit Suisse Group AG, the stricken bank offered a lifeline to help contain global turmoil.</li><li>The same day in Norway, where officials are forecast to raise rates by another quarter point to extend the monetary tightening cycle in the oil-rich economy.</li><li>An Icelandic decision is due on Wednesday, with another big rate hike possible.</li></ul><p><img src=\"https://static.tigerbbs.com/31fb0b6e2340d3e360b087ec08e80c67\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>Looking south, central banks will be very active too. Here’s a quick summary:</p><ul><li>Nigeria may raise rates on Tuesday to contain inflation that’s near an 18-year high, and to encourage investment.</li><li>In Angola the same day, officials may cut benchmark borrowing costs for a second time this year as the kwanza remains stable, commodity prices are seen moderating, and a downward swing in price growth looks likely to continue.</li><li>In Morocco that day, the central bank will most likely pause monetary tightening as food prices start to ease.</li><li>And in Turkey on Thursday, officials are expected to hold rates steady. Any signs of future policy will be key as the country heads toward elections in May, where President Recep Tayyip Erdogan faces the strongest challenge yet to his two decades in power.</li></ul><p>After the ECB’s meeting on Thursday, which ended with a half-pint hike but no future guidance, more than a dozen of its policy makers will speak in the coming days. President Lagarde is likely to draw the most attention with testimony to the European Parliament on Monday.</p><p>Further clues on the backdrop for the banking system may be available when her ECB colleague Andrea Enria, the euro region’s top regulator, talks to the same panel of lawmakers the following day.</p><p>Lagarde is also among officials who’ll take the stage at the ECB and Its Watchers conference in Frankfurt on Wednesday, and several others are scheduled to make appearances elsewhere during the week.</p><p>Meanwhile, purchasing managers’ indexes in the euro zone and UK will give an indication of the strength of industry as China reopens, and the German Council of Economic Experts will publish an updated growth outlook.</p><h2>Latin America</h2><p>A busy week in Brazil begins with the central bank’s survey of market expectations on inflation, which continue to edge further above target through 2025.</p><p>Banco Central do Brasil is all but certain to hold its key rate at 13.75% for a fifth straight meeting, though policy makers may strike a dovish tone in the post-decision statement.</p><p><img src=\"https://static.tigerbbs.com/bb439ff09b87c93bdf371ccf16b18b47\" tg-width=\"934\" tg-height=\"950\" referrerpolicy=\"no-referrer\"/></p><p>After minimal disinflation over the past three mid-month consumer price readings, analysts see steeper deceleration for the mid-February print and into the second quarter due to base-effects, before a second-half uptick.</p><p>Chile’s fourth-quarter output report may show that the Andean country narrowly avoided falling into a technical recession, due in part to untapped household liquidity and the impact of China’s reopening.</p><p>In Argentina, four straight negative readings on its monthly economic activity indicator point to a quarterly contraction in output heading into a challenging 2023.</p><p><img src=\"https://static.tigerbbs.com/7f39a7f6e29e3952614e9b3a783a419d\" tg-width=\"955\" tg-height=\"578\" referrerpolicy=\"no-referrer\"/></p><p>In Mexico, the weakness seen in retail sales since May likely extended into January, while slumping demand from the US, the country’s biggest export market, can be expected to weigh on January GDP-proxy data.</p><p>The early consensus has mid-month inflation coming in near a one-year low — though still more than twice the 3% target — while the somewhat more sticky core reading extends a drop from November’s two-decade high of 8.66%, in line with Banxico forecasts.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed to Consider a Pause as Fallout From SVB Roils Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed to Consider a Pause as Fallout From SVB Roils Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-19 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-18/federal-reserve-interest-rates-latest-fed-pause-likely-on-svb-fallout?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UK, Switzerland, Norway, Nigeria, Philippines may hikeBrazil and Turkey will probably hold rates this weekJerome Powell, chairman of the US Federal Reserve.Source: BloombergFederal Reserve officials ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-18/federal-reserve-interest-rates-latest-fed-pause-likely-on-svb-fallout?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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-18/federal-reserve-interest-rates-latest-fed-pause-likely-on-svb-fallout?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320959642","content_text":"UK, Switzerland, Norway, Nigeria, Philippines may hikeBrazil and Turkey will probably hold rates this weekJerome Powell, chairman of the US Federal Reserve.Source: BloombergFederal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.Before the collapse of Silicon Valley Bank and the resulting fallout, Fed policy makers were poised to raise rates by as much as 50 basis points after a string of data suggested the economy was much stronger than officials thought at the beginning of the year.Now, given the financial market volatility, many Fed watchers expect a smaller, quarter-point increase, and some say the US central bank will pause altogether after a two-day meeting that starts on Tuesday.The decision follows a 50-basis-point rate hike from the European Central Bank on Thursday. President Christine Lagarde said the ECB remains committed to fighting inflation, while monitoring bank tensions closely.Also highly anticipated from the Fed meeting with be an update to the Summary of Economic Projections — a quarterly report laying out participants’ forecasts for everything from inflation to interest rates — and Chair Jerome Powell’s post-meeting press conference.Amid the banking sector turmoil, Powell will likely face questions around the central bank’s supervision of SVB and other struggling entities.He’ll also need to tread carefully when talking about the likely future path of interest rates. Before the banking issues emerged, Fed officials had indicated that rates would need to move above 5% this year and remain there until inflation was on pace to fall back to their 2% target.Yet heightened uncertainty over to what extent bank capitalization issues — exacerbated by the Fed’s rapid interest rate increases and the impact on Treasury yields — will impact the broader economy may limit Powell’s ability to tighten much more going forward.What Bloomberg Economics Says...“The FOMC faces its most challenging policy decision in recent memory on March 22. Market expectations have shifted sharply — from a 50-basis-point hike to a pause — as fears of bank contagion displace inflation concerns. We expect the Fed to hike 25 basis points, taking the upper bound from 4.75% to 5%. Reaccelerating inflation maintains pressure to keep hiking.”— Anna Wong, chief US economist. For full analysisElsewhere, 12 other central banks set policy in the coming week. Economists predict rate hikes in the UK, Switzerland, Norway, Nigeria and the Philippines, while Brazil and Turkey will probably hold. Meanwhile, traders betting on the Bank of Canada’s rate path will get a fresh inflation reading.AsiaOn Monday, the People’s Bank of China will likely report that banks left their loan prime rates unchanged as the economy gradually recovers.In Tokyo, a summary of opinions from the Bank of Japan’s meeting earlier this month will shed more light on the rationale for keeping monetary policy steady ahead of Kazuo Ueda’s arrival at the helm in April.Reserve Bank of Australia official Chris Kent on Monday may offer an up-to-date take on the policy stance and any concerns over financial market contagion. Those remarks will likely prove more timely than minutes due Tuesday from the RBA’s March meeting.Early trade numbers from South Korea will offer a pulse check on global conditions.Japan’s inflation figures on Friday are set to mirror earlier data that pointed to a cooling of prices, helped largely by newly subsidized electricity bills.Hong Kong and Taiwan central banks will announce their interest rates on Thursday.Europe, Middle East, AfricaThe Fed may be the dominant central-bank decision this week, but several others will also draw investors’ attention.The Bank of England takes center stage in Europe. Officials await the latest UK inflation reading on Wednesday, possibly showing price growth is still close to double digits. Most economists predict rates will be raised by a quarter-point the next day, though with financial tensions still simmering, a minority sees no change.Here’s a quick rundown of the other decisions due:The Swiss National Bank meeting on Thursday is a quarterly one and there’s catch-up to do, so a hike of as much as 50 basis points is widely anticipated. Overshadowing the outcome is Credit Suisse Group AG, the stricken bank offered a lifeline to help contain global turmoil.The same day in Norway, where officials are forecast to raise rates by another quarter point to extend the monetary tightening cycle in the oil-rich economy.An Icelandic decision is due on Wednesday, with another big rate hike possible.Looking south, central banks will be very active too. Here’s a quick summary:Nigeria may raise rates on Tuesday to contain inflation that’s near an 18-year high, and to encourage investment.In Angola the same day, officials may cut benchmark borrowing costs for a second time this year as the kwanza remains stable, commodity prices are seen moderating, and a downward swing in price growth looks likely to continue.In Morocco that day, the central bank will most likely pause monetary tightening as food prices start to ease.And in Turkey on Thursday, officials are expected to hold rates steady. Any signs of future policy will be key as the country heads toward elections in May, where President Recep Tayyip Erdogan faces the strongest challenge yet to his two decades in power.After the ECB’s meeting on Thursday, which ended with a half-pint hike but no future guidance, more than a dozen of its policy makers will speak in the coming days. President Lagarde is likely to draw the most attention with testimony to the European Parliament on Monday.Further clues on the backdrop for the banking system may be available when her ECB colleague Andrea Enria, the euro region’s top regulator, talks to the same panel of lawmakers the following day.Lagarde is also among officials who’ll take the stage at the ECB and Its Watchers conference in Frankfurt on Wednesday, and several others are scheduled to make appearances elsewhere during the week.Meanwhile, purchasing managers’ indexes in the euro zone and UK will give an indication of the strength of industry as China reopens, and the German Council of Economic Experts will publish an updated growth outlook.Latin AmericaA busy week in Brazil begins with the central bank’s survey of market expectations on inflation, which continue to edge further above target through 2025.Banco Central do Brasil is all but certain to hold its key rate at 13.75% for a fifth straight meeting, though policy makers may strike a dovish tone in the post-decision statement.After minimal disinflation over the past three mid-month consumer price readings, analysts see steeper deceleration for the mid-February print and into the second quarter due to base-effects, before a second-half uptick.Chile’s fourth-quarter output report may show that the Andean country narrowly avoided falling into a technical recession, due in part to untapped household liquidity and the impact of China’s reopening.In Argentina, four straight negative readings on its monthly economic activity indicator point to a quarterly contraction in output heading into a challenging 2023.In Mexico, the weakness seen in retail sales since May likely extended into January, while slumping demand from the US, the country’s biggest export market, can be expected to weigh on January GDP-proxy data.The early consensus has mid-month inflation coming in near a one-year low — though still more than twice the 3% target — while the somewhat more sticky core reading extends a drop from November’s two-decade high of 8.66%, in line with Banxico forecasts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940709586,"gmtCreate":1678151914745,"gmtModify":1678151917491,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":20,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940709586","repostId":"2317100121","repostType":4,"repost":{"id":"2317100121","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1678147594,"share":"https://ttm.financial/m/news/2317100121?lang=&edition=fundamental","pubTime":"2023-03-07 08:06","market":"us","language":"en","title":"What Stock-Market Investors Want to Hear When Fed's Powell Testifies Before Congress This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2317100121","media":"Dow Jones","summary":"'Trading any speech is tough, so I'd be reacting and not anticipating,' analyst saysJerome Powell JU","content":"<html><head></head><body><p>&#39;Trading any speech is tough, so I&#39;d be reacting and not anticipating,&#39; analyst says</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/241c669cb2050f4ed24ab220f827ac92\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Jerome Powell JULIA NIKHINSON/GETTY IMAGES</span></p><p>The stock market&#39;s bounce back from last year&#39;s carnage will be again put to the test as investors closely listen to Federal Reserve Chairman Jerome Powell&#39;s testimony before Congress this week for clues to just how high interest rates need to go to win the fight against inflation.</p><p>Powell will deliver the latest semiannual report on monetary policy and the economy on Tuesday to the Senate Banking Committee and on Wednesday to the House Financial Services panel. Both hearings begin at 10 a.m. Eastern. Powell&#39;s testimony will probably be his last public remarks before the next policy meeting of the Federal Open Market Committee, or FOMC, on March 21-22.</p><p>Fundstrat&#39;s head of research, Tom Lee, expects Powell to reiterate the &#34;data dependence&#34; message in his speech, affirming market expectations for another 25 basis point increase in the fed-funds rate at the March meeting.</p><p>&#34;Many &#39;inflationistas&#39; are saying a 50-basis-point hike is needed because the January data was so &#39;hot&#39; -- that is the data reactivity of the bond and stock market, but we expect Powell to emphasize that rates are near neutral now, so there is less of a need to be higher in a hurry and now Fed can be data dependent by the way,&#34; wrote Lee, in a Monday note.</p><p>Fed-funds futures traders have priced in a 69.4% chance of a 25 basis point rise, and a 30.6% chance of a 50 basis point increase, according to the CME FedWatch tool. Traders had seen only a 3.3% chance of a 50 basis point rise a month ago.</p><p>A run of stronger-than-expected economic data that began in early January, including the January inflation report which showed prices were not moderating as fast as the Fed would like, and robust employment data, has forced financial-market investors to rethink the Fed&#39;s path and bet on bigger rate hikes in its next policy meeting.</p><p>Fed policy makers stepped down to a 25 basis-point increase last month after a half-point move in December and four jumbo 75 basis-point rate increases last year.</p><p>St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester both said last month that they had supported a 50-basis-point hike at the Jan. 31-Feb. 1 meeting. Minutes of the meeting showed that a &#34;few&#34; policy makers had backed the bigger move. Neither Bullard nor Mester are voting members of the FOMC in 2023.</p><p>Fed policy makers may be particularly reluctant to boost the size of rate increases after downshifting at the last meeting, analysts said.</p><p>&#34;Moving to 50-basis-point would be a sizable change in policy and reversal of the slowing and frankly, would be viewed as undermining Fed credibility,&#34; wrote Lee.</p><p>Chris Weston, head of research at Australia-based brokerage Pepperstone, said in a note on Sunday that Powell will &#34;likely defend the Fed&#39;s actions&#34; and &#34;likely make out they are going to do everything they can to bring down inflation to target.&#34;</p><p>However, given the fact that both the market and Fed are living data point to data point, Weston said they are still &#34;flying blind&#34; until they get February nonfarm payroll data on Friday and the February consumer-price index on Feb. 13, which, in theory, could result in them targeting a terminal rate &#34;north of 6% and require 50-basis-point increments&#34; to get them there in a quicker fashion, said Weston.</p><p>&#34;The market is expecting some movement from his words, but trading any speech is tough, so I would be reacting and not anticipating,&#34; Weston added.</p><p>Economists surveyed by The Wall Street Journal expect February payrolls to have grown by 225,000. However, economists at Wall Street banks such as Deutsche Bank and Jefferies, see the figure coming in way above consensus estimates.</p><p>U.S. stocks finished mostly higher on Monday, with the S&amp;P 500  and the Dow Jones Industrial Average  each rising around 0.1%. The Nasdaq Composite   shed 0.1%. Last week, the Dow Industrials rose 1.7% for the week and snapped a four-week losing streak. The S&amp;P 500 gained 1.9%, while the technology-heavy Nasdaq advanced 2.6%, according to Dow Jones Market Data.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Stock-Market Investors Want to Hear When Fed's Powell Testifies Before Congress This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Stock-Market Investors Want to Hear When Fed's Powell Testifies Before Congress This Week\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\">2023-03-07 08:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>&#39;Trading any speech is tough, so I&#39;d be reacting and not anticipating,&#39; analyst says</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/241c669cb2050f4ed24ab220f827ac92\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Jerome Powell JULIA NIKHINSON/GETTY IMAGES</span></p><p>The stock market&#39;s bounce back from last year&#39;s carnage will be again put to the test as investors closely listen to Federal Reserve Chairman Jerome Powell&#39;s testimony before Congress this week for clues to just how high interest rates need to go to win the fight against inflation.</p><p>Powell will deliver the latest semiannual report on monetary policy and the economy on Tuesday to the Senate Banking Committee and on Wednesday to the House Financial Services panel. Both hearings begin at 10 a.m. Eastern. Powell&#39;s testimony will probably be his last public remarks before the next policy meeting of the Federal Open Market Committee, or FOMC, on March 21-22.</p><p>Fundstrat&#39;s head of research, Tom Lee, expects Powell to reiterate the &#34;data dependence&#34; message in his speech, affirming market expectations for another 25 basis point increase in the fed-funds rate at the March meeting.</p><p>&#34;Many &#39;inflationistas&#39; are saying a 50-basis-point hike is needed because the January data was so &#39;hot&#39; -- that is the data reactivity of the bond and stock market, but we expect Powell to emphasize that rates are near neutral now, so there is less of a need to be higher in a hurry and now Fed can be data dependent by the way,&#34; wrote Lee, in a Monday note.</p><p>Fed-funds futures traders have priced in a 69.4% chance of a 25 basis point rise, and a 30.6% chance of a 50 basis point increase, according to the CME FedWatch tool. Traders had seen only a 3.3% chance of a 50 basis point rise a month ago.</p><p>A run of stronger-than-expected economic data that began in early January, including the January inflation report which showed prices were not moderating as fast as the Fed would like, and robust employment data, has forced financial-market investors to rethink the Fed&#39;s path and bet on bigger rate hikes in its next policy meeting.</p><p>Fed policy makers stepped down to a 25 basis-point increase last month after a half-point move in December and four jumbo 75 basis-point rate increases last year.</p><p>St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester both said last month that they had supported a 50-basis-point hike at the Jan. 31-Feb. 1 meeting. Minutes of the meeting showed that a &#34;few&#34; policy makers had backed the bigger move. Neither Bullard nor Mester are voting members of the FOMC in 2023.</p><p>Fed policy makers may be particularly reluctant to boost the size of rate increases after downshifting at the last meeting, analysts said.</p><p>&#34;Moving to 50-basis-point would be a sizable change in policy and reversal of the slowing and frankly, would be viewed as undermining Fed credibility,&#34; wrote Lee.</p><p>Chris Weston, head of research at Australia-based brokerage Pepperstone, said in a note on Sunday that Powell will &#34;likely defend the Fed&#39;s actions&#34; and &#34;likely make out they are going to do everything they can to bring down inflation to target.&#34;</p><p>However, given the fact that both the market and Fed are living data point to data point, Weston said they are still &#34;flying blind&#34; until they get February nonfarm payroll data on Friday and the February consumer-price index on Feb. 13, which, in theory, could result in them targeting a terminal rate &#34;north of 6% and require 50-basis-point increments&#34; to get them there in a quicker fashion, said Weston.</p><p>&#34;The market is expecting some movement from his words, but trading any speech is tough, so I would be reacting and not anticipating,&#34; Weston added.</p><p>Economists surveyed by The Wall Street Journal expect February payrolls to have grown by 225,000. However, economists at Wall Street banks such as Deutsche Bank and Jefferies, see the figure coming in way above consensus estimates.</p><p>U.S. stocks finished mostly higher on Monday, with the S&amp;P 500  and the Dow Jones Industrial Average  each rising around 0.1%. The Nasdaq Composite   shed 0.1%. Last week, the Dow Industrials rose 1.7% for the week and snapped a four-week losing streak. The S&amp;P 500 gained 1.9%, while the technology-heavy Nasdaq advanced 2.6%, according to Dow Jones Market Data.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","BK4096":"电气部件与设备",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317100121","content_text":"'Trading any speech is tough, so I'd be reacting and not anticipating,' analyst saysJerome Powell JULIA NIKHINSON/GETTY IMAGESThe stock market's bounce back from last year's carnage will be again put to the test as investors closely listen to Federal Reserve Chairman Jerome Powell's testimony before Congress this week for clues to just how high interest rates need to go to win the fight against inflation.Powell will deliver the latest semiannual report on monetary policy and the economy on Tuesday to the Senate Banking Committee and on Wednesday to the House Financial Services panel. Both hearings begin at 10 a.m. Eastern. Powell's testimony will probably be his last public remarks before the next policy meeting of the Federal Open Market Committee, or FOMC, on March 21-22.Fundstrat's head of research, Tom Lee, expects Powell to reiterate the \"data dependence\" message in his speech, affirming market expectations for another 25 basis point increase in the fed-funds rate at the March meeting.\"Many 'inflationistas' are saying a 50-basis-point hike is needed because the January data was so 'hot' -- that is the data reactivity of the bond and stock market, but we expect Powell to emphasize that rates are near neutral now, so there is less of a need to be higher in a hurry and now Fed can be data dependent by the way,\" wrote Lee, in a Monday note.Fed-funds futures traders have priced in a 69.4% chance of a 25 basis point rise, and a 30.6% chance of a 50 basis point increase, according to the CME FedWatch tool. Traders had seen only a 3.3% chance of a 50 basis point rise a month ago.A run of stronger-than-expected economic data that began in early January, including the January inflation report which showed prices were not moderating as fast as the Fed would like, and robust employment data, has forced financial-market investors to rethink the Fed's path and bet on bigger rate hikes in its next policy meeting.Fed policy makers stepped down to a 25 basis-point increase last month after a half-point move in December and four jumbo 75 basis-point rate increases last year.St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester both said last month that they had supported a 50-basis-point hike at the Jan. 31-Feb. 1 meeting. Minutes of the meeting showed that a \"few\" policy makers had backed the bigger move. Neither Bullard nor Mester are voting members of the FOMC in 2023.Fed policy makers may be particularly reluctant to boost the size of rate increases after downshifting at the last meeting, analysts said.\"Moving to 50-basis-point would be a sizable change in policy and reversal of the slowing and frankly, would be viewed as undermining Fed credibility,\" wrote Lee.Chris Weston, head of research at Australia-based brokerage Pepperstone, said in a note on Sunday that Powell will \"likely defend the Fed's actions\" and \"likely make out they are going to do everything they can to bring down inflation to target.\"However, given the fact that both the market and Fed are living data point to data point, Weston said they are still \"flying blind\" until they get February nonfarm payroll data on Friday and the February consumer-price index on Feb. 13, which, in theory, could result in them targeting a terminal rate \"north of 6% and require 50-basis-point increments\" to get them there in a quicker fashion, said Weston.\"The market is expecting some movement from his words, but trading any speech is tough, so I would be reacting and not anticipating,\" Weston added.Economists surveyed by The Wall Street Journal expect February payrolls to have grown by 225,000. However, economists at Wall Street banks such as Deutsche Bank and Jefferies, see the figure coming in way above consensus estimates.U.S. stocks finished mostly higher on Monday, with the S&P 500  and the Dow Jones Industrial Average  each rising around 0.1%. The Nasdaq Composite   shed 0.1%. Last week, the Dow Industrials rose 1.7% for the week and snapped a four-week losing streak. The S&P 500 gained 1.9%, while the technology-heavy Nasdaq advanced 2.6%, according to Dow Jones Market Data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957530649,"gmtCreate":1677375844281,"gmtModify":1677375847713,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":19,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957530649","repostId":"1117520516","repostType":4,"repost":{"id":"1117520516","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1677334099,"share":"https://ttm.financial/m/news/1117520516?lang=&edition=fundamental","pubTime":"2023-02-25 22:08","market":"us","language":"en","title":"Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills","url":"https://stock-news.laohu8.com/highlight/detail?id=1117520516","media":"Tiger Newspress","summary":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks rais","content":"<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-02-25 22:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117520516","content_text":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.Berkshire also released its results for 2022 on Saturday.The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.Total revenue rose 9.4% to $302.1 billion.Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.Read the full letter here:To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.Who wouldn’t enjoy working for shareholders like ours?What We DoCharlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.* * * * * * * * * * * *At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.The Secret SauceIn August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.The Past Year in BriefBerkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.* * * * * * * * * * * *A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.And that is a promise we can make.* * * * * * * * * * * *Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.58 Years – and a Few FiguresIn 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&P 500 Index, an elite collection of large and well-known American companies.In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.At Berkshire, there will be no finish line.Some Surprising Facts About Federal TaxesDuring the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.* * * * * * * * * * * *Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”* * * * * * * * * * * *At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.Nothing Beats Having a Great PartnerCharlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.Here are a few of his thoughts, many lifted from a very recent podcast:- The world is full of foolish gamblers, and they will not do as well as the patient investor.- If you don’t see the world the way it is, it’s like judging something through a distorted lens.- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.- You can learn a lot from dead people. Read of the deceased you admire and detest.- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.- A great company keeps working after you are not; a mediocre company won’t do that.- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.- You don’t, however, need to own a lot of things in order to get rich.- You have to keep learning if you want to become a great investor. When the world changes, you must change.- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.* * * * * * * * * * * *I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.A Family Gathering in OmahaCharlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?I know you can’t wait to hear the specifics of last year’s hustle.On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.* * * * * * * * * * * *Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.February 25, 2023 Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940020450,"gmtCreate":1677603870870,"gmtModify":1677603874398,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9940020450","repostId":"2314924625","repostType":4,"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030715967,"gmtCreate":1645811385398,"gmtModify":1676534066555,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030715967","repostId":"1162090372","repostType":4,"repost":{"id":"1162090372","kind":"news","pubTimestamp":1645773448,"share":"https://ttm.financial/m/news/1162090372?lang=&edition=fundamental","pubTime":"2022-02-25 15:17","market":"us","language":"en","title":"7 Low Volatility Stocks to Buy Right Now for Steady Returns","url":"https://stock-news.laohu8.com/highlight/detail?id=1162090372","media":"InvestorPlace","summary":"History has shown us that it’s best to remain invested in the stock market for the long term. The ma","content":"<html><head></head><body><p>History has shown us that it’s best to remain invested in the stock market for the long term. The market has recovered from temporary dips to print new all-time highs with 100% precision over the past century. Investors could buy low-volatility stocks to manage the tension triggered by bouts of market turbulence.</p><p>Once again, turbulence has returned to the stock market in 2022. High inflation, threats of rising interest rates, rising employment costs and rising geopolitical risks trigger market corrections as investors flee to safety.</p><p>It’s beneficial to focus on adding low volatility stocks to your core portfolio. Stable investment positions may dampen risk while maintaining respectable growth potential to improve your chances of meeting long-term investment objectives.</p><p>Shares in profitable mature businesses with notable competitive advantages, steady growth rates and positive cash flows are valuable in mitigating portfolio risks.</p><p>Such stocks should historically have been less volatile than the broad equities market. One mathematical measure called the beta can help screen for low volatility stocks.</p><p>A beta of 1.0 indicates a stock that rises and falls perfectly with the market index. A beta reading above 1.0 indicates higher volatility. A stock beta of less than 1.0 indicates shares have been relatively been more stable than the market.</p><p>Thus, stocks with low volatility and low beta readings could do well as market turbulence heightens in 2022. They reduce the risk of missing investing targets over the long term. They retain growth potential if the underlying businesses retain growth prospects, profitability and keep generating positive cash flow.</p><p>Here are seven potential low volatility stocks to buy for steady returns in 2022:</p><ul><li><a href=\"https://laohu8.com/S/KO\">Coca-Cola </a></li><li><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals </a></li><li><a href=\"https://laohu8.com/S/TXN\">Texas Instruments </a></li><li><a href=\"https://laohu8.com/S/INFY\">Infosys </a></li><li><a href=\"https://laohu8.com/S/GRMN\">Garmin </a></li><li><a href=\"https://laohu8.com/S/NOC\">Northrop Grumman </a></li></ul><ul><li><a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> (BRK.A)、<a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> (BRK.B)</li></ul><p>Low Volatility Stocks to Buy: <a href=\"https://laohu8.com/S/KO\">Coca-Cola </a></p><p><img src=\"https://static.tigerbbs.com/8b999b6331c97bce23b08a9742ea1230\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: MAHATHIR MOHD YASIN / Shutterstock.com</p><p>A global leader in beverages manufacturing, the Coca-Cola Company retains strong moats and cash flow generation power across its business portfolios spread around the world.</p><p>The company faces relatively low labor costs across its global workforce. Its low labor-cost ratio could provide a layer of earnings protection if employment costs rise in the near term. Interestingly, the ages-old company remains innovative. However, that’s not KO stock’s best attribute right now.</p><p>Coca-Cola stock retains high popularity within the investing community. KO stock printed new 52-week highs going into the weekend before President’s Day. The company continues to generate profits and huge positive cash flows while making new investments that fortify its business from rising competition. No wonder KO retains high institutional ownership and remains attractive to investing legend Warren Buffett.</p><p>Historically, $10,000 invested in KO stock 10 years ago would be worth $71,916 today. This total return includes quarterly dividends the company religiously pays out. The current Coca-Cola dividend yields 2.9% annually.</p><p>Coca-Cola’s five-year monthly beta of 0.67 implies that KO stock has not been as volatile as the entire stock market during the period.</p><ul><li><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals </a></li></ul><p><img src=\"https://static.tigerbbs.com/852090c96fd9d8931f07d4d3052ab283\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: madamF / Shutterstock.com</p><p>Global pharmaceuticals development giant Regeneron Pharmaceuticals doesn’t pay a regular dividend, but the company retains a market-leading profitability profile that makes it a defensive investment to make during crisis times.</p><p>Gross margins of over 80% make tech stocks look like practical jokes, and operating margins above 50% leave ample room for net profit margins to tower above 50% in an unbelievable show of profitability most publicly traded companies can only dream of. Regeneron is incredibly profitable and generates huge amounts of free cash flow for the business to reinvest in drug development programs.</p><p>A $10,000 investment in Regeneron stock 10 years ago would have grown to over $59,300 today.</p><p>Regeneron stock’s five-year monthly beta of 0.19 indicates share prices have largely been decoupled from the broader stock market.</p><ul><li><a href=\"https://laohu8.com/S/TXN\">Texas Instruments </a></li></ul><p><img src=\"https://static.tigerbbs.com/07fbddee75f70311148ab2158b8ac510\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: Katherine Welles / Shutterstock.com</p><p>Dallas-based Texas Instruments is a global semiconductor business that retains a high-profit badge in 2022. The company is ranked among the world’s largest makers of analog chips used to process real-world signals such as sound and power and it retains leading market share in microprocessor and micro-controller supply.</p><p>Texas Instruments’ stock price is up 113% over the past five years. Common stockholders receive a regular dividend, which yields 2.8% annually. The company increased its well-covered dividend by an average of 18% over the past five years and could keep doing so given a 10% five-year earnings growth rate outlook that analysts currently attach to the stock.</p><p>Most noteworthy, TXN stock’s five-year monthly beta of 0.92 indicates its share price has been relatively more stable than the broader equity market.</p><ul><li><a href=\"https://laohu8.com/S/INFY\">Infosys </a></li></ul><p><img src=\"https://static.tigerbbs.com/7e2a946c057d99dd652df3b18fcc79f5\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: AjayTvm / Shutterstock.com</p><p>Infosys is a global information technology services provider with more than 1,700 active customers in over 50 countries at the end of 2021. Headquartered in India, the company generates more than 60% of its revenue from North America.</p><p>The company has been steadily growing its customer base with consistency to invoice more than $15.6 billion in revenue over the past twelve months. Interestingly, the company clinchedexpanding large dealswhich increased from $3 billion in fiscal year 2018 to $14 billion in fiscal year 2021.</p><p>Steady revenue growth, slow operating costs growth and strong operating profit margins of around 24% have characterized Infosys’s annual financial results over the past three years.</p><p>Most noteworthy is Infosys’s strong free cash flow generating business and its high dividend growth rates, which can help investors steadily build a wealth position over time. INFY stock has a 1.8% yielding dividend.</p><p>Infosys stock has returned 188% over the past five years. Wall Street analysts project a 20% revenue growth for 2022 and a good 14% annual earnings growth rate for the next five years. The return to investors could thus be substantial over the next five years.</p><p>INFY five-year monthly beta of 0.66 shows shares have been less volatile as compared to the broader stock market.</p><ul><li><a href=\"https://laohu8.com/S/GRMN\">Garmin </a></li></ul><p><img src=\"https://static.tigerbbs.com/5e8643a9a98dcf393487149730cd47dc\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: Karolis Kavolelis / Shutterstock.com</p><p>Garmin produces GPS-enabled hardware and software for the fitness industry, outdoors, auto industry, aviation and marine systems. The company licenses mapping data and operates in more than 100 countries. Revenue for 2021 showed a sixth consecutive year of growth to a record $4.98 billion (up 19% year-over-year) while  earnings per share increased 8% annually to $5.63.</p><p>Earnings were negatively impacted by the supply chain crisis and associated rising freight costs in 2021. The result has been a short-term plunge in Garmin stock since August last year to provide interesting entry points into a strong business before the logistics crisis abates.</p><p>Garmin’s gross margins remain high at 58% and its operating profit margin for 2021 was a staggering 22%. Supply chain pressures could begin to ease in 2022 and that could mean a return to higher margins and steady stock price growth.</p><p>Analysts closely following the business forecast an 9.8% revenue growth for 2022 to be followed by a 7.7% sales growth in 2023. GRMN stock is up 107% over the past five years. The company could keep increasing its dividends. Garmin has increased its quarterly dividend consistently for years, and it stands now at 2.4%. This could augment annual returns over time.</p><p>Garmin stock’s five-year monthly beta of 1.0 matches that of the broader market.</p><ul><li><a href=\"https://laohu8.com/S/NOC\">Northrop Grumman </a></li></ul><p><img src=\"https://static.tigerbbs.com/a432ad5c6d6a70e04ff3f35ca46278a7\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: Philip Pilosian / Shutterstock.com</p><p>Multinational aerospace and defense technology company Northrop Grumman is a low-volatility stock to buy for steady long-term returns. Talks of a potential European war are all over the place. A Russian aggression over Ukraine has taken center stage in many war rooms. There could be long-term consequences.</p><p>No country would sit idle and wish its potential national security troubles away as news of potential wars bombard television screens, theatrics happen in the South China Sea and as North Korea keeps testing advanced intercontinental weapons. Defense spending could soar this decade, and Northrop Grumman could enjoy more business and increased cash flows.</p><p>Most noteworthy, Northrop Grumman recently developed a bigger and better defense system. Its latest Surface Electronic Warfare Improvement Program (SEWIP) for Navy systems could rack in billions in revenue and earnings for the defense contractor. SEWIP Block 3 promises early detection of missile threats to U.S. warships and could target a larger addressable market than its predecessor, <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin’s</a> SEWIP Block 2.</p><p>The company services and upgrades sold equipment for customers. Such contracts earn it more revenue and profits on top of initial production and installation invoices.</p><p>That’s not all. Northrop Grumman also has $76 billion revenue backlog, growing annual sales run rates and more than $3.6 billion in 2021 operating cash flow. Stable revenue and strong cash flows offer investors a low-volatility stock with steady returns potential during periods of market turmoil.</p><p>Dividend increases and share repurchases are working well to boost shareholder returns. NOC stock has a five-year monthly beta of 0.84.</p><ul><li><a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a>(BRK.A)、<a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a>(BRK.B)</li></ul><p><img src=\"https://static.tigerbbs.com/44051cbb15ec4b6069ab09e8bdd4f1b8\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: Jonathan Weiss / Shutterstock.com</p><p>Led by investing legend Warren Buffett, Berkshire Hathaway owns an impressive portfolio of well-run businesses that mostly generate positive earnings and positive free cash flows.</p><p>Berkshire’s core businesses (including the railroad and insurance segments) generate stable growth and huge cash flows annually. Management uses such free cash flows to invest in other companies. Moreover, the company’s investments portfolio is an interesting return generator with more than $331 billion in invested capital.</p><p>The portfolio’s <a href=\"https://laohu8.com/S/AAPL\">Apple</a> position (44.3% of portfolio assets) and <a href=\"https://laohu8.com/S/BAC\">Bank Of America</a> (13.5% of the portfolio) dominate holdings and have earned the portfolio stable dividend income.</p><p>Under two younger portfolio managers Ted Weschler and Todd Combs — who remain under Warren and Charlie Munger’s mentorship — Berkshire Hathaway made headway into Web 3.0 (the internet’s largely decentralized future) as it scooped shares in gaming giant <a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a> before <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> decided to snatch the whole business for itselfin an acquisition.</p><p>There are times when Berkshire stock may underperform the broader market as fads come and go. However, investors seeking stable, high probability returns shouldn’t think twice about adding shares to their main portfolios.</p><p>Past returns may not be indicative of future performance. That said, $10,000 invested in Berkshire Hathaway stock 10 years ago would be worth $39,530 today. BKB-B’s five-year stock beta of 0.86 implies that shares have been less volatile as compared to the broader market.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Low Volatility Stocks to Buy Right Now for Steady Returns</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\">\n7 Low Volatility Stocks to Buy Right Now for Steady Returns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-25 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/7-low-volatility-stocks-to-buy-right-now-for-steady-returns/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>History has shown us that it’s best to remain invested in the stock market for the long term. The market has recovered from temporary dips to print new all-time highs with 100% precision over the past...</p>\n\n<a href=\"https://investorplace.com/2022/02/7-low-volatility-stocks-to-buy-right-now-for-steady-returns/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INFY":"印孚瑟斯","TXN":"德州仪器","BRK.B":"伯克希尔B","REGN":"再生元制药公司","GRMN":"佳明","KO":"可口可乐","BRK.A":"伯克希尔"},"source_url":"https://investorplace.com/2022/02/7-low-volatility-stocks-to-buy-right-now-for-steady-returns/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162090372","content_text":"History has shown us that it’s best to remain invested in the stock market for the long term. The market has recovered from temporary dips to print new all-time highs with 100% precision over the past century. Investors could buy low-volatility stocks to manage the tension triggered by bouts of market turbulence.Once again, turbulence has returned to the stock market in 2022. High inflation, threats of rising interest rates, rising employment costs and rising geopolitical risks trigger market corrections as investors flee to safety.It’s beneficial to focus on adding low volatility stocks to your core portfolio. Stable investment positions may dampen risk while maintaining respectable growth potential to improve your chances of meeting long-term investment objectives.Shares in profitable mature businesses with notable competitive advantages, steady growth rates and positive cash flows are valuable in mitigating portfolio risks.Such stocks should historically have been less volatile than the broad equities market. One mathematical measure called the beta can help screen for low volatility stocks.A beta of 1.0 indicates a stock that rises and falls perfectly with the market index. A beta reading above 1.0 indicates higher volatility. A stock beta of less than 1.0 indicates shares have been relatively been more stable than the market.Thus, stocks with low volatility and low beta readings could do well as market turbulence heightens in 2022. They reduce the risk of missing investing targets over the long term. They retain growth potential if the underlying businesses retain growth prospects, profitability and keep generating positive cash flow.Here are seven potential low volatility stocks to buy for steady returns in 2022:Coca-Cola Regeneron Pharmaceuticals Texas Instruments Infosys Garmin Northrop Grumman Berkshire Hathaway (BRK.A)、Berkshire Hathaway (BRK.B)Low Volatility Stocks to Buy: Coca-Cola Source: MAHATHIR MOHD YASIN / Shutterstock.comA global leader in beverages manufacturing, the Coca-Cola Company retains strong moats and cash flow generation power across its business portfolios spread around the world.The company faces relatively low labor costs across its global workforce. Its low labor-cost ratio could provide a layer of earnings protection if employment costs rise in the near term. Interestingly, the ages-old company remains innovative. However, that’s not KO stock’s best attribute right now.Coca-Cola stock retains high popularity within the investing community. KO stock printed new 52-week highs going into the weekend before President’s Day. The company continues to generate profits and huge positive cash flows while making new investments that fortify its business from rising competition. No wonder KO retains high institutional ownership and remains attractive to investing legend Warren Buffett.Historically, $10,000 invested in KO stock 10 years ago would be worth $71,916 today. This total return includes quarterly dividends the company religiously pays out. The current Coca-Cola dividend yields 2.9% annually.Coca-Cola’s five-year monthly beta of 0.67 implies that KO stock has not been as volatile as the entire stock market during the period.Regeneron Pharmaceuticals Source: madamF / Shutterstock.comGlobal pharmaceuticals development giant Regeneron Pharmaceuticals doesn’t pay a regular dividend, but the company retains a market-leading profitability profile that makes it a defensive investment to make during crisis times.Gross margins of over 80% make tech stocks look like practical jokes, and operating margins above 50% leave ample room for net profit margins to tower above 50% in an unbelievable show of profitability most publicly traded companies can only dream of. Regeneron is incredibly profitable and generates huge amounts of free cash flow for the business to reinvest in drug development programs.A $10,000 investment in Regeneron stock 10 years ago would have grown to over $59,300 today.Regeneron stock’s five-year monthly beta of 0.19 indicates share prices have largely been decoupled from the broader stock market.Texas Instruments Source: Katherine Welles / Shutterstock.comDallas-based Texas Instruments is a global semiconductor business that retains a high-profit badge in 2022. The company is ranked among the world’s largest makers of analog chips used to process real-world signals such as sound and power and it retains leading market share in microprocessor and micro-controller supply.Texas Instruments’ stock price is up 113% over the past five years. Common stockholders receive a regular dividend, which yields 2.8% annually. The company increased its well-covered dividend by an average of 18% over the past five years and could keep doing so given a 10% five-year earnings growth rate outlook that analysts currently attach to the stock.Most noteworthy, TXN stock’s five-year monthly beta of 0.92 indicates its share price has been relatively more stable than the broader equity market.Infosys Source: AjayTvm / Shutterstock.comInfosys is a global information technology services provider with more than 1,700 active customers in over 50 countries at the end of 2021. Headquartered in India, the company generates more than 60% of its revenue from North America.The company has been steadily growing its customer base with consistency to invoice more than $15.6 billion in revenue over the past twelve months. Interestingly, the company clinchedexpanding large dealswhich increased from $3 billion in fiscal year 2018 to $14 billion in fiscal year 2021.Steady revenue growth, slow operating costs growth and strong operating profit margins of around 24% have characterized Infosys’s annual financial results over the past three years.Most noteworthy is Infosys’s strong free cash flow generating business and its high dividend growth rates, which can help investors steadily build a wealth position over time. INFY stock has a 1.8% yielding dividend.Infosys stock has returned 188% over the past five years. Wall Street analysts project a 20% revenue growth for 2022 and a good 14% annual earnings growth rate for the next five years. The return to investors could thus be substantial over the next five years.INFY five-year monthly beta of 0.66 shows shares have been less volatile as compared to the broader stock market.Garmin Source: Karolis Kavolelis / Shutterstock.comGarmin produces GPS-enabled hardware and software for the fitness industry, outdoors, auto industry, aviation and marine systems. The company licenses mapping data and operates in more than 100 countries. Revenue for 2021 showed a sixth consecutive year of growth to a record $4.98 billion (up 19% year-over-year) while  earnings per share increased 8% annually to $5.63.Earnings were negatively impacted by the supply chain crisis and associated rising freight costs in 2021. The result has been a short-term plunge in Garmin stock since August last year to provide interesting entry points into a strong business before the logistics crisis abates.Garmin’s gross margins remain high at 58% and its operating profit margin for 2021 was a staggering 22%. Supply chain pressures could begin to ease in 2022 and that could mean a return to higher margins and steady stock price growth.Analysts closely following the business forecast an 9.8% revenue growth for 2022 to be followed by a 7.7% sales growth in 2023. GRMN stock is up 107% over the past five years. The company could keep increasing its dividends. Garmin has increased its quarterly dividend consistently for years, and it stands now at 2.4%. This could augment annual returns over time.Garmin stock’s five-year monthly beta of 1.0 matches that of the broader market.Northrop Grumman Source: Philip Pilosian / Shutterstock.comMultinational aerospace and defense technology company Northrop Grumman is a low-volatility stock to buy for steady long-term returns. Talks of a potential European war are all over the place. A Russian aggression over Ukraine has taken center stage in many war rooms. There could be long-term consequences.No country would sit idle and wish its potential national security troubles away as news of potential wars bombard television screens, theatrics happen in the South China Sea and as North Korea keeps testing advanced intercontinental weapons. Defense spending could soar this decade, and Northrop Grumman could enjoy more business and increased cash flows.Most noteworthy, Northrop Grumman recently developed a bigger and better defense system. Its latest Surface Electronic Warfare Improvement Program (SEWIP) for Navy systems could rack in billions in revenue and earnings for the defense contractor. SEWIP Block 3 promises early detection of missile threats to U.S. warships and could target a larger addressable market than its predecessor, Lockheed Martin’s SEWIP Block 2.The company services and upgrades sold equipment for customers. Such contracts earn it more revenue and profits on top of initial production and installation invoices.That’s not all. Northrop Grumman also has $76 billion revenue backlog, growing annual sales run rates and more than $3.6 billion in 2021 operating cash flow. Stable revenue and strong cash flows offer investors a low-volatility stock with steady returns potential during periods of market turmoil.Dividend increases and share repurchases are working well to boost shareholder returns. NOC stock has a five-year monthly beta of 0.84.Berkshire Hathaway(BRK.A)、Berkshire Hathaway(BRK.B)Source: Jonathan Weiss / Shutterstock.comLed by investing legend Warren Buffett, Berkshire Hathaway owns an impressive portfolio of well-run businesses that mostly generate positive earnings and positive free cash flows.Berkshire’s core businesses (including the railroad and insurance segments) generate stable growth and huge cash flows annually. Management uses such free cash flows to invest in other companies. Moreover, the company’s investments portfolio is an interesting return generator with more than $331 billion in invested capital.The portfolio’s Apple position (44.3% of portfolio assets) and Bank Of America (13.5% of the portfolio) dominate holdings and have earned the portfolio stable dividend income.Under two younger portfolio managers Ted Weschler and Todd Combs — who remain under Warren and Charlie Munger’s mentorship — Berkshire Hathaway made headway into Web 3.0 (the internet’s largely decentralized future) as it scooped shares in gaming giant Activision Blizzard before Microsoft decided to snatch the whole business for itselfin an acquisition.There are times when Berkshire stock may underperform the broader market as fads come and go. However, investors seeking stable, high probability returns shouldn’t think twice about adding shares to their main portfolios.Past returns may not be indicative of future performance. That said, $10,000 invested in Berkshire Hathaway stock 10 years ago would be worth $39,530 today. BKB-B’s five-year stock beta of 0.86 implies that shares have been less volatile as compared to the broader market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949495527,"gmtCreate":1678805128769,"gmtModify":1678805132414,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949495527","repostId":"1104135804","repostType":2,"repost":{"id":"1104135804","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1678797046,"share":"https://ttm.financial/m/news/1104135804?lang=&edition=fundamental","pubTime":"2023-03-14 20:30","market":"us","language":"en","title":"Inflation: Consumer Prices Rise 6% over Last Year in February, Slowest since Sept. 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1104135804","media":"Tiger Newspress","summary":"Inflation rose in February but was in line with expectations, providing a key input into whether the","content":"<html><head></head><body><p>Inflation rose in February but was in line with expectations, providing a key input into whether the Federal Reserve continues to raise interest rates.</p><p>The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates. The 6% jump in inflation marks the slowest annual increase in consumer prices since September 2021.</p><p>Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis. The monthly reading was slightly ahead of the 0.4% estimate, but the annual level was in line.</p><p><img src=\"https://static.tigerbbs.com/3364ebc77888be5903f76a25ec47c2e1\" tg-width=\"1172\" tg-height=\"264\" referrerpolicy=\"no-referrer\"/>CPI measures a broad basket of goods and services and is one of several key measures the Fed uses when formulating monetary policy. The report along with Wednesday’s producer price index will be the last inflation-related data points policymakers will see before they meet March 21-22.</p><p>Heading into the release, markets had widely expected the Fed to approve another 0.25 percentage point increase to its benchmark federal funds rate.</p><p>However, banking sector turmoil in recent days has kindled speculation that the central bank could signal that it soon will halt the rate hikes as officials observe the impact that a series of tightening measures have had over the past year.</p><p>Markets Tuesday morning were pricing a peak, or terminal, rate of about 4.92%, which would mean the upcoming increase would be the last. Futures pricing is volatile, though, and unexpectedly strong inflation reports this week likely would cause a repricing.</p><p>Either way, market sentiment has shifted dramatically.</p><p>Fed Chairman Jerome Powell last week told two congressional committees that the central bank is prepared to push rates higher than expected if inflation does not come down. That set off a wave of speculation that the Fed could be teeing up a 0.5 percentage point hike next week.</p><p>However, the collapse of Silicon Valley Bank and Signature Bank over the past several days paved the way for a more restrained view for monetary policy.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inflation: Consumer Prices Rise 6% over Last Year in February, Slowest since Sept. 2021</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\">\nInflation: Consumer Prices Rise 6% over Last Year in February, Slowest since Sept. 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-14 20:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Inflation rose in February but was in line with expectations, providing a key input into whether the Federal Reserve continues to raise interest rates.</p><p>The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates. The 6% jump in inflation marks the slowest annual increase in consumer prices since September 2021.</p><p>Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis. The monthly reading was slightly ahead of the 0.4% estimate, but the annual level was in line.</p><p><img src=\"https://static.tigerbbs.com/3364ebc77888be5903f76a25ec47c2e1\" tg-width=\"1172\" tg-height=\"264\" referrerpolicy=\"no-referrer\"/>CPI measures a broad basket of goods and services and is one of several key measures the Fed uses when formulating monetary policy. The report along with Wednesday’s producer price index will be the last inflation-related data points policymakers will see before they meet March 21-22.</p><p>Heading into the release, markets had widely expected the Fed to approve another 0.25 percentage point increase to its benchmark federal funds rate.</p><p>However, banking sector turmoil in recent days has kindled speculation that the central bank could signal that it soon will halt the rate hikes as officials observe the impact that a series of tightening measures have had over the past year.</p><p>Markets Tuesday morning were pricing a peak, or terminal, rate of about 4.92%, which would mean the upcoming increase would be the last. Futures pricing is volatile, though, and unexpectedly strong inflation reports this week likely would cause a repricing.</p><p>Either way, market sentiment has shifted dramatically.</p><p>Fed Chairman Jerome Powell last week told two congressional committees that the central bank is prepared to push rates higher than expected if inflation does not come down. That set off a wave of speculation that the Fed could be teeing up a 0.5 percentage point hike next week.</p><p>However, the collapse of Silicon Valley Bank and Signature Bank over the past several days paved the way for a more restrained view for monetary policy.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104135804","content_text":"Inflation rose in February but was in line with expectations, providing a key input into whether the Federal Reserve continues to raise interest rates.The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates. The 6% jump in inflation marks the slowest annual increase in consumer prices since September 2021.Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis. The monthly reading was slightly ahead of the 0.4% estimate, but the annual level was in line.CPI measures a broad basket of goods and services and is one of several key measures the Fed uses when formulating monetary policy. The report along with Wednesday’s producer price index will be the last inflation-related data points policymakers will see before they meet March 21-22.Heading into the release, markets had widely expected the Fed to approve another 0.25 percentage point increase to its benchmark federal funds rate.However, banking sector turmoil in recent days has kindled speculation that the central bank could signal that it soon will halt the rate hikes as officials observe the impact that a series of tightening measures have had over the past year.Markets Tuesday morning were pricing a peak, or terminal, rate of about 4.92%, which would mean the upcoming increase would be the last. Futures pricing is volatile, though, and unexpectedly strong inflation reports this week likely would cause a repricing.Either way, market sentiment has shifted dramatically.Fed Chairman Jerome Powell last week told two congressional committees that the central bank is prepared to push rates higher than expected if inflation does not come down. That set off a wave of speculation that the Fed could be teeing up a 0.5 percentage point hike next week.However, the collapse of Silicon Valley Bank and Signature Bank over the past several days paved the way for a more restrained view for monetary policy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894983768,"gmtCreate":1628782384854,"gmtModify":1676529854931,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/894983768","repostId":"1162909242","repostType":4,"repost":{"id":"1162909242","kind":"news","pubTimestamp":1628779877,"share":"https://ttm.financial/m/news/1162909242?lang=&edition=fundamental","pubTime":"2021-08-12 22:51","market":"us","language":"en","title":"Liquidity Is Evaporating Even Before Fed Taper Hits Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909242","media":"Bloomberg","summary":"A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity r","content":"<p>A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset purchases.</p>\n<p>The signal is obscure, but has sent meaningful signs in the past. Roughly speaking, it’s the gap between the rates of growth in money supply and gross domestic product, an indicator known to eco-geeks as Marshallian K. It just turned negative for the first time since 2018, meaning GDP is rising faster than the government’s M2 account.</p>\n<p>The shortfall comes from an expanding economy that’s quickly depleting the nation’s available money. The deficit could become a problem for markets at a time when excess liquidity is seen as underpinning rallies in everything from Bitcoin to meme stocks.</p>\n<p>“Put another way, the recovering economy is now drinking from a punch bowl that the stock market once had all to itself,” Doug Ramsey, Leuthold Group’s chief investment officer, wrote in a note last week.</p>\n<p>How big a threat is this? While stocks kept rising during frequent negative Marshallian K readings in the 1990s, the pattern since the 2008 global financial crisis -- a period when the central bank was in what Ramsey calls a “perpetual crisis mode” -- begs for caution.</p>\n<p><img src=\"https://static.tigerbbs.com/29bd13488ad9f3e748da28092473f23e\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The Marshallian K fell below zero in 2010, a year when the S&amp;P 500 Index suffered a 16% correction. A similar dip in 2018 portended a selloff that almost killed that bull market.</p>\n<p>The Leuthold study is the latest attempt to handicap the market’s outlook from the perspective of liquidity. But not everyone is worried. Ed Yardeni, the president and founder of Yardeni Research Inc., says he prefers to plot not the growth rates but the absolute level of M2 against GDP to measure liquidity. Based on that, liquidity stood near a record high.</p>\n<p>“Some people start to freak out about the M2 growth rate,” he said in an interview on Bloomberg TV and Radio. “What they don’t really appreciate is M2 today is $5 trillion higher than it was before the pandemic. There is just a tremendous liquidity sitting there.”</p>\n<p>Others see limited impact from Fed tapering on the equity market. In June,researchfrom UBS Group AG showed that should the Fed turn off the spigot on its annual $1.4 trillion in quantitative-easing spending, the hit to the S&amp;P 500 would be a paltry 3% decline in prices.</p>\n<p>In 2013, when the Fed’s announcement on a reduction in stimulus sparked ataper tantrumthat sent 10-year Treasury yields skyward, the S&amp;P 500 pulled back almost 6% from its May peak that year. But stocks staged a full recovery within weeks and went on with a rally that eventually lifted the index 30% for the whole year.</p>\n<p>Skeptics, however, are quick to point out one big difference: equity valuations.</p>\n<p>“Back then, the stock market was trading at 15 times earnings. Now it’s 22 times earnings,” Matt Maley, chief market strategist for Miller Tabak + Co., said in an interview on Bloomberg TV with Caroline Hyde. “It will be hard for the market to ignore it this time around.”</p>\n<p><img src=\"https://static.tigerbbs.com/37c0e312361e509a3fc0e8bfb3d9c649\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>For now, a liquidity drain suggested by the Marshallian K data has done little damage to the market, at least on the index level. The S&amp;P 500 is poised for a seventh straight monthly gain, reaching all-time highs almost every week.</p>\n<p>But Ramsey warns investors shouldn’t let their guard down. While the broad market has been strong -- the S&amp;P 500 closed Wednesday at a record for the 46th time this year -- fewer stocks are participating in the latest leg up. This could be blamed on falling liquidity, he says, and the days of abundant cash floating all stocks are likely gone.</p>\n<p>The Marshallian K indicator just slumped intonegative territoryfaster than ever. During the second quarter, M2 money expanded 12.7% from a year ago, trailing the nominal GDP growth rate of 16.7%. That came after four quarters of excessive liquidity where the spread stayed above 20 percentage points.</p>\n<p>“The Marshallian K now shows liquidity not only deteriorating but actually contracting -- and at a time when hopes (as embedded in valuations) have never been higher,” Ramsey said. “If the Fed can drawdown QE in the next year without triggering a decline of those levels, it will truly have achieved something remarkable. But we’d rather invest based on the probable.”</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>Liquidity Is Evaporating Even Before Fed Taper Hits Markets</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\">\nLiquidity Is Evaporating Even Before Fed Taper Hits Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909242","content_text":"A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset purchases.\nThe signal is obscure, but has sent meaningful signs in the past. Roughly speaking, it’s the gap between the rates of growth in money supply and gross domestic product, an indicator known to eco-geeks as Marshallian K. It just turned negative for the first time since 2018, meaning GDP is rising faster than the government’s M2 account.\nThe shortfall comes from an expanding economy that’s quickly depleting the nation’s available money. The deficit could become a problem for markets at a time when excess liquidity is seen as underpinning rallies in everything from Bitcoin to meme stocks.\n“Put another way, the recovering economy is now drinking from a punch bowl that the stock market once had all to itself,” Doug Ramsey, Leuthold Group’s chief investment officer, wrote in a note last week.\nHow big a threat is this? While stocks kept rising during frequent negative Marshallian K readings in the 1990s, the pattern since the 2008 global financial crisis -- a period when the central bank was in what Ramsey calls a “perpetual crisis mode” -- begs for caution.\n\nThe Marshallian K fell below zero in 2010, a year when the S&P 500 Index suffered a 16% correction. A similar dip in 2018 portended a selloff that almost killed that bull market.\nThe Leuthold study is the latest attempt to handicap the market’s outlook from the perspective of liquidity. But not everyone is worried. Ed Yardeni, the president and founder of Yardeni Research Inc., says he prefers to plot not the growth rates but the absolute level of M2 against GDP to measure liquidity. Based on that, liquidity stood near a record high.\n“Some people start to freak out about the M2 growth rate,” he said in an interview on Bloomberg TV and Radio. “What they don’t really appreciate is M2 today is $5 trillion higher than it was before the pandemic. There is just a tremendous liquidity sitting there.”\nOthers see limited impact from Fed tapering on the equity market. In June,researchfrom UBS Group AG showed that should the Fed turn off the spigot on its annual $1.4 trillion in quantitative-easing spending, the hit to the S&P 500 would be a paltry 3% decline in prices.\nIn 2013, when the Fed’s announcement on a reduction in stimulus sparked ataper tantrumthat sent 10-year Treasury yields skyward, the S&P 500 pulled back almost 6% from its May peak that year. But stocks staged a full recovery within weeks and went on with a rally that eventually lifted the index 30% for the whole year.\nSkeptics, however, are quick to point out one big difference: equity valuations.\n“Back then, the stock market was trading at 15 times earnings. Now it’s 22 times earnings,” Matt Maley, chief market strategist for Miller Tabak + Co., said in an interview on Bloomberg TV with Caroline Hyde. “It will be hard for the market to ignore it this time around.”\n\nFor now, a liquidity drain suggested by the Marshallian K data has done little damage to the market, at least on the index level. The S&P 500 is poised for a seventh straight monthly gain, reaching all-time highs almost every week.\nBut Ramsey warns investors shouldn’t let their guard down. While the broad market has been strong -- the S&P 500 closed Wednesday at a record for the 46th time this year -- fewer stocks are participating in the latest leg up. This could be blamed on falling liquidity, he says, and the days of abundant cash floating all stocks are likely gone.\nThe Marshallian K indicator just slumped intonegative territoryfaster than ever. During the second quarter, M2 money expanded 12.7% from a year ago, trailing the nominal GDP growth rate of 16.7%. That came after four quarters of excessive liquidity where the spread stayed above 20 percentage points.\n“The Marshallian K now shows liquidity not only deteriorating but actually contracting -- and at a time when hopes (as embedded in valuations) have never been higher,” Ramsey said. “If the Fed can drawdown QE in the next year without triggering a decline of those levels, it will truly have achieved something remarkable. But we’d rather invest based on the probable.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943450275,"gmtCreate":1679649142097,"gmtModify":1679649145398,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943450275","repostId":"1194295153","repostType":4,"repost":{"id":"1194295153","kind":"news","pubTimestamp":1679645134,"share":"https://ttm.financial/m/news/1194295153?lang=&edition=fundamental","pubTime":"2023-03-24 16:05","market":"us","language":"en","title":"Banking Crisis: Who's Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1194295153","media":"Seeking Alpha","summary":"SummaryIt's been a busy two weeks for the global banking system and the central banks that oversee t","content":"<html><head></head><body><h2>Summary</h2><ul><li>It&#39;s been a busy two weeks for the global banking system and the central banks that oversee them.</li><li>What are the key takeaways thus far.</li><li>Who&#39;s next and who&#39;s last.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7d31a433776e18078bbae63346dfe9f\" tg-width=\"1080\" tg-height=\"540\" width=\"100%\" height=\"auto\"/><span>Imagesrouges/iStock via Getty Images</span></p><h2>Meet the new bank crisis</h2><p>NOT the same as the old bank crisis. This is not the Great Financial Crisis II. It’s not the collapse of Long-Term Capital Management in 1998. It’s not the Great Depression either. A lot of what is taking placetoday has some rhymes with various past episodes, but we are charting new territory with new lessons to be learned to add to the future policy maker playbook. We are likely in the very early stages of this latest banking crisis that could take months if not years to play out. SVB Financial (SIVB), Signature Bank (SBNY), Silvergate Bank (SI), and Credit Suisse (CS) are already gone. Who’s next?</p><h2>The song is over</h2><p>Over the last fourteen years since the Great Financial Crisis (GFC), we were reassured that problems with the banks were behind us. In 2017, then Fed ChairJanet Yellen declared that we will not see another financial crisis in our lifetime. The next year, legislation was passed that eased regulations on all but the largest banking institutions. It was music to the ears of capital markets awash in liquidity, low volatility, and high-risk tolerance. But in the midst of a sustained bout of blistering hot inflation that induced the U.S. Federal Reserve to whipsaw from effectively promising to keep interest rates pinned at 0% until at least 2024 this time two years ago to launching into its most aggressive rate hiking campaign since the 1970s this time a year ago, the consequences of such abrupt and dramatic monetary policy swings are now coming into view. The song is over, and what we have seen so far is likely only the beginning of what is ahead now.</p><h2>Getting in tune</h2><p>Much has been written and pontificated about what has taken place in the banking system over the last two week since March 8 when Fed Chair Jay Powell flexed before Congress that the Fed was poised to raise interest rates by a half point at its March 22 FOMC meeting (what a difference a fortnight makes). It’s not that nothing more needs to be said on these topics, but it is also worthwhile to step back and reflect on selected perspectives that may be getting overlooked as the narrative rapidly unfolds.</p><h2>March madness</h2><p>I don’t know about you, but debating whether the global financial system might implode is not the best way to relax over weekend. Yet for the past two weekends, that’s exactly what we’ve had to game out. During the weekend of March 11-12, we held our breath wondering whether the U.S. financial trinity – the Treasury, the Federal Reserve, and the FDIC – would come up with an emergency solution to save the financial system from rampant bank runs before the markets in Asia opened on Sunday night. The next weekend of March 18-19, we waited and wondered whether the Swiss would be able to arrange a shotgun merger between its two banking behemoths and prevent the meltdown of a Systemically Important Financial Institution (SIFI). What new crisis threatening the global financial system will we have to look forward to in the coming weekends? Only time will tell.</p><h2>Revising my teaching notes</h2><p>So as I prepare my Intro to Finance lecture discussing how creditors are paid in the event of a liquidation, the events of the past weekend have provided a whole new twist to the discussion. For when it comes to the order in which people traditionally get paid in liquidation, its secured debt holders first, then senior unsecured lenders, followed by junior subordinated debt holders, then preferred stockholders, and both last and least (and typically nothing at all) common stock holders. Needless to say it was eyebrow raising when in the case of Credit Suisse the subordinated debt holders got wiped out yet the common stock holders received $1 billion $2 billion $3 billion in a merger withUBSthat was completed without the customary shareholder approval vote.</p><p>Listen, I get it that there simply was not the time to get shareholders to vote on a deal that absolutely had to be done over a weekend, but not only exempting the rule of law but also having the deal structured in a way that leaves head scratching questions in terms of the way that it was structured is not the best for engendering investor confidence going forward. Something tells me that this may not be the last we hear AT1 debt and banking system instability uttered in the same sentence.</p><h2>Tightening lending standards</h2><p>If you are running a small or mid-sized regional bank, it has been a traumatic past two weeks. It has been particularly traumatic if you are among the small or mid-sized regional banks that exercised poor credit management by doing things like using your depositors&#39; money to load up on long-term Treasuries and MBS in 2021 just before they were set to lose as much as 30% of their value.</p><p>With this potential fight for survival in mind, you may be far less inclined today than you were two weeks ago as a small or mid-sized bank to lend money out to your institutional and retail customers. And if the regional banks that serve so many local communities across the country share this more cautious inclination, this means less home buying, less car buying, less consumer spending, less capital expenditures, and less hiring of new employees. Add all of these “less”es together, and you have an economic recession, just as we have seen several times in the recent past as evidenced in the chart below.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73611566280cece7f6e202ae8736df42\" tg-width=\"640\" tg-height=\"480\" width=\"100%\" height=\"auto\"/><span>Federal Reserve Bank of St. Louis, Board of Governors</span></p><p>The deeply inverted yield curve has been screaming recession for quite a while now, and recent developments across the banking landscape have not only meaningfully improved the probability of recession, but also that any such recession is likely to be a bit deeper and longer than previously anticipated.</p><p>The fact that stocks continue to trade at a premium coupled with the fact that corporate earnings are still toward the high end of their historical range with considerable room to come back down suggests that the road ahead for stocks over the next few months could get a bit bumpy before it’s all said and done.</p><h2>The banking crisis may do the Fed’s work</h2><p>If one wants to try to put a silver lining on idiosyncratic bank failures and stressful weekends waiting for emergency policy rescues, a positive that is likely to come from the recent banking crises and the probable tightening of lending standards is that it is likely to bring down inflation both further and faster than we would have seen otherwise. As I often like to say to my Principles of Macro students, if you have too much money chasing too few goods, a great way to solve it is by simply taking money away from people. And since politicians on all sides of the political aisle no longer have the resolve to actually raise taxes on anyone other than the ultra-wealthy, raising interest rates and tightening lending standards are ways to do it. If people don’t have money, they can’t spend it, and inflation comes back down.</p><p>A sooner and deeper recession may actually help at risk banks. What has put so many small and mid-sized banks at risk has been the precipitous decline in long-term Treasury and MBS prices. But if inflation comes down and the economy falls into recession, both of these forces are typically meaningful tailwinds for these same securities as interest rates eventually come back down and investors take flight to safety. It’s an interesting thought pretzel to think that an economic recession could help fix the banking crisis while an ongoing economic expansion could send more banks over the edge.</p><h2>Who’s next</h2><p>Bringing this all back together, it is very likely that we are still in the very early stages of a banking crisis that may take many months to play out. It is important to remember that when the U.S. Federal Reserve raises interest rates, it historically takes upwards of twelve months before the tightening effects of the rate hike have fully worked their way through the economy. And given that the Fed only started hiking rates at this time last year, this means that only the first 25 bps rate hike from last year has fully come out the other side and we have 450 bps of interest rate hikes still making their way through the proverbial snake. This includes four consecutive 75 bps bombs from the middle to latter part of last year as well as the latest 25 bps cherry on top of the rate hiking cycle cake that the Fed delivered coming out of their latest FOMC meeting this Wednesday. Somehow, I have a sneaking suspicion we may someday look back with derision on this last rate hike. It will be interesting to see.</p><p>With all of this in mind, we should remain mindful that the stream of banks under stress may not be continuous as we continue through 2023. We may go through prolonged stretches where it looks like the problem is behind us (May 2008, anyone?) only to find a new set of problems emerge in a different segment of the financial sector. Thus, keeping a close eye on further rumbles across the financial sector is a prudent strategy as we move forward from here.</p><p>As for who’s next in the meantime, I am not breaking any news by saying that First Republic Bank (FRC) remains the institution to watch. The situation remains highly tenuous despite the repeated efforts of both public and private institutions to resuscitate the ailing bank. If First Republic ultimately succumbs, pressure on other at risk regional banking institutions is not only likely to persist but amplify. On the other hand, if First Republic perseveres, such a period of relief from immediate banking stress may follow.</p><h2>Who’s last</h2><p>If we go through a worst case scenario thought exercise, it’s reasonable to consider where the road might end in the current banking crisis. A name that is worth monitoring in this regard is Bank of America (BAC), which of course is one of the largest financial institutions in the world and among the top of the SIFI category. Of course, nothing at all is imminently at issue with Bank of America, but it does have a notably larger long-term bond portfolio relative to its major banking institution peers. As a result, it is worth monitoring as a back-end measure of underlying financial sector stress.</p><h2>We won’t get fooled again</h2><p>Oh no, we so will. A defining characteristic of financial markets and the policy makers that oversee them is a memory that seemingly lasts about 18 months to two years at most. Unfortunately, this leads markets and policy makers to unwittingly and repeatedly fall into the same traps, only through different means. Fortunately for investors, such dislocations lead to attractive opportunities for those that are prepared and positioned to capitalize. Thus, maintaining a sharp focus on potential downside risks such as ongoing banking industry volatility is a productive way to navigate short-term turbulence while seeking to capitalize on long-term upside.</p><p><i>This article is written by Eric Parnell, CFA for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Banking Crisis: Who's Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBanking Crisis: Who's Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-24 16:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4589757-banking-crisis-who-is-next><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIt's been a busy two weeks for the global banking system and the central banks that oversee them.What are the key takeaways thus far.Who's next and who's last.Imagesrouges/iStock via Getty ...</p>\n\n<a href=\"https://seekingalpha.com/article/4589757-banking-crisis-who-is-next\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行","BAC":"美国银行","SIVBQ":"硅谷银行","KRE":"区域银行指数ETF-SPDR KBW","KBE":"银行指数ETF-SPDR KBW","USB":"美国合众银行","WAL":"阿莱恩斯西部银行"},"source_url":"https://seekingalpha.com/article/4589757-banking-crisis-who-is-next","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1194295153","content_text":"SummaryIt's been a busy two weeks for the global banking system and the central banks that oversee them.What are the key takeaways thus far.Who's next and who's last.Imagesrouges/iStock via Getty ImagesMeet the new bank crisisNOT the same as the old bank crisis. This is not the Great Financial Crisis II. It’s not the collapse of Long-Term Capital Management in 1998. It’s not the Great Depression either. A lot of what is taking placetoday has some rhymes with various past episodes, but we are charting new territory with new lessons to be learned to add to the future policy maker playbook. We are likely in the very early stages of this latest banking crisis that could take months if not years to play out. SVB Financial (SIVB), Signature Bank (SBNY), Silvergate Bank (SI), and Credit Suisse (CS) are already gone. Who’s next?The song is overOver the last fourteen years since the Great Financial Crisis (GFC), we were reassured that problems with the banks were behind us. In 2017, then Fed ChairJanet Yellen declared that we will not see another financial crisis in our lifetime. The next year, legislation was passed that eased regulations on all but the largest banking institutions. It was music to the ears of capital markets awash in liquidity, low volatility, and high-risk tolerance. But in the midst of a sustained bout of blistering hot inflation that induced the U.S. Federal Reserve to whipsaw from effectively promising to keep interest rates pinned at 0% until at least 2024 this time two years ago to launching into its most aggressive rate hiking campaign since the 1970s this time a year ago, the consequences of such abrupt and dramatic monetary policy swings are now coming into view. The song is over, and what we have seen so far is likely only the beginning of what is ahead now.Getting in tuneMuch has been written and pontificated about what has taken place in the banking system over the last two week since March 8 when Fed Chair Jay Powell flexed before Congress that the Fed was poised to raise interest rates by a half point at its March 22 FOMC meeting (what a difference a fortnight makes). It’s not that nothing more needs to be said on these topics, but it is also worthwhile to step back and reflect on selected perspectives that may be getting overlooked as the narrative rapidly unfolds.March madnessI don’t know about you, but debating whether the global financial system might implode is not the best way to relax over weekend. Yet for the past two weekends, that’s exactly what we’ve had to game out. During the weekend of March 11-12, we held our breath wondering whether the U.S. financial trinity – the Treasury, the Federal Reserve, and the FDIC – would come up with an emergency solution to save the financial system from rampant bank runs before the markets in Asia opened on Sunday night. The next weekend of March 18-19, we waited and wondered whether the Swiss would be able to arrange a shotgun merger between its two banking behemoths and prevent the meltdown of a Systemically Important Financial Institution (SIFI). What new crisis threatening the global financial system will we have to look forward to in the coming weekends? Only time will tell.Revising my teaching notesSo as I prepare my Intro to Finance lecture discussing how creditors are paid in the event of a liquidation, the events of the past weekend have provided a whole new twist to the discussion. For when it comes to the order in which people traditionally get paid in liquidation, its secured debt holders first, then senior unsecured lenders, followed by junior subordinated debt holders, then preferred stockholders, and both last and least (and typically nothing at all) common stock holders. Needless to say it was eyebrow raising when in the case of Credit Suisse the subordinated debt holders got wiped out yet the common stock holders received $1 billion $2 billion $3 billion in a merger withUBSthat was completed without the customary shareholder approval vote.Listen, I get it that there simply was not the time to get shareholders to vote on a deal that absolutely had to be done over a weekend, but not only exempting the rule of law but also having the deal structured in a way that leaves head scratching questions in terms of the way that it was structured is not the best for engendering investor confidence going forward. Something tells me that this may not be the last we hear AT1 debt and banking system instability uttered in the same sentence.Tightening lending standardsIf you are running a small or mid-sized regional bank, it has been a traumatic past two weeks. It has been particularly traumatic if you are among the small or mid-sized regional banks that exercised poor credit management by doing things like using your depositors' money to load up on long-term Treasuries and MBS in 2021 just before they were set to lose as much as 30% of their value.With this potential fight for survival in mind, you may be far less inclined today than you were two weeks ago as a small or mid-sized bank to lend money out to your institutional and retail customers. And if the regional banks that serve so many local communities across the country share this more cautious inclination, this means less home buying, less car buying, less consumer spending, less capital expenditures, and less hiring of new employees. Add all of these “less”es together, and you have an economic recession, just as we have seen several times in the recent past as evidenced in the chart below.Federal Reserve Bank of St. Louis, Board of GovernorsThe deeply inverted yield curve has been screaming recession for quite a while now, and recent developments across the banking landscape have not only meaningfully improved the probability of recession, but also that any such recession is likely to be a bit deeper and longer than previously anticipated.The fact that stocks continue to trade at a premium coupled with the fact that corporate earnings are still toward the high end of their historical range with considerable room to come back down suggests that the road ahead for stocks over the next few months could get a bit bumpy before it’s all said and done.The banking crisis may do the Fed’s workIf one wants to try to put a silver lining on idiosyncratic bank failures and stressful weekends waiting for emergency policy rescues, a positive that is likely to come from the recent banking crises and the probable tightening of lending standards is that it is likely to bring down inflation both further and faster than we would have seen otherwise. As I often like to say to my Principles of Macro students, if you have too much money chasing too few goods, a great way to solve it is by simply taking money away from people. And since politicians on all sides of the political aisle no longer have the resolve to actually raise taxes on anyone other than the ultra-wealthy, raising interest rates and tightening lending standards are ways to do it. If people don’t have money, they can’t spend it, and inflation comes back down.A sooner and deeper recession may actually help at risk banks. What has put so many small and mid-sized banks at risk has been the precipitous decline in long-term Treasury and MBS prices. But if inflation comes down and the economy falls into recession, both of these forces are typically meaningful tailwinds for these same securities as interest rates eventually come back down and investors take flight to safety. It’s an interesting thought pretzel to think that an economic recession could help fix the banking crisis while an ongoing economic expansion could send more banks over the edge.Who’s nextBringing this all back together, it is very likely that we are still in the very early stages of a banking crisis that may take many months to play out. It is important to remember that when the U.S. Federal Reserve raises interest rates, it historically takes upwards of twelve months before the tightening effects of the rate hike have fully worked their way through the economy. And given that the Fed only started hiking rates at this time last year, this means that only the first 25 bps rate hike from last year has fully come out the other side and we have 450 bps of interest rate hikes still making their way through the proverbial snake. This includes four consecutive 75 bps bombs from the middle to latter part of last year as well as the latest 25 bps cherry on top of the rate hiking cycle cake that the Fed delivered coming out of their latest FOMC meeting this Wednesday. Somehow, I have a sneaking suspicion we may someday look back with derision on this last rate hike. It will be interesting to see.With all of this in mind, we should remain mindful that the stream of banks under stress may not be continuous as we continue through 2023. We may go through prolonged stretches where it looks like the problem is behind us (May 2008, anyone?) only to find a new set of problems emerge in a different segment of the financial sector. Thus, keeping a close eye on further rumbles across the financial sector is a prudent strategy as we move forward from here.As for who’s next in the meantime, I am not breaking any news by saying that First Republic Bank (FRC) remains the institution to watch. The situation remains highly tenuous despite the repeated efforts of both public and private institutions to resuscitate the ailing bank. If First Republic ultimately succumbs, pressure on other at risk regional banking institutions is not only likely to persist but amplify. On the other hand, if First Republic perseveres, such a period of relief from immediate banking stress may follow.Who’s lastIf we go through a worst case scenario thought exercise, it’s reasonable to consider where the road might end in the current banking crisis. A name that is worth monitoring in this regard is Bank of America (BAC), which of course is one of the largest financial institutions in the world and among the top of the SIFI category. Of course, nothing at all is imminently at issue with Bank of America, but it does have a notably larger long-term bond portfolio relative to its major banking institution peers. As a result, it is worth monitoring as a back-end measure of underlying financial sector stress.We won’t get fooled againOh no, we so will. A defining characteristic of financial markets and the policy makers that oversee them is a memory that seemingly lasts about 18 months to two years at most. Unfortunately, this leads markets and policy makers to unwittingly and repeatedly fall into the same traps, only through different means. Fortunately for investors, such dislocations lead to attractive opportunities for those that are prepared and positioned to capitalize. Thus, maintaining a sharp focus on potential downside risks such as ongoing banking industry volatility is a productive way to navigate short-term turbulence while seeking to capitalize on long-term upside.This article is written by Eric Parnell, CFA for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957166035,"gmtCreate":1677109267927,"gmtModify":1677109269674,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9957166035","repostId":"2313072804","repostType":4,"repost":{"id":"2313072804","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1677107510,"share":"https://ttm.financial/m/news/2313072804?lang=&edition=fundamental","pubTime":"2023-02-23 07:11","market":"us","language":"en","title":"US STOCKS-S&P 500 Ends Down As Fed Minutes Fail to Halt Losing Run","url":"https://stock-news.laohu8.com/highlight/detail?id=2313072804","media":"Reuters","summary":"The S&P 500 extended its losing streak to four sessions as Wall Street ended broadly lower on Wednes","content":"<html><head></head><body><p>The S&amp;P 500 extended its losing streak to four sessions as Wall Street ended broadly lower on Wednesday, with investors cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises.</p><p>Minutes from the Federal Reserve&#39;s Jan. 31-Feb. 1 meeting said that &#34;almost all&#34; Fed officials agreed to slow the pace of increases in interest rates to a quarter of a percentage point.</p><p>There was also solid backing though for the belief that the risks of high inflation remained a &#34;key factor&#34; that would shape monetary policy and further rate hikes would be necessary until it was controlled.</p><p>Such messaging carried few surprises versus what the Fed and its governors have been communicating in recent weeks, and stocks were broadly steady in the wake of the minutes&#39; release, after choppy trading prior to their publication.</p><p>However, a general weakening in the final hour of trading pushed both the S&amp;P 500 and the Dow Jones Industrial back into the red. The Nasdaq Composite managed to scrape back into positive territory though in the final moments, ensuring its own losing streak was snapped at three.</p><p>&#34;It&#39;s clear that the Fed is determined to keep on with its rate-hiking campaign, and they are going to do it even as recession risks grow,&#34; said Ed Moya, senior market analyst at OANDA.</p><p>&#34;And that&#39;s why, after digesting the minutes, you saw markets softening a little bit.&#34;</p><p>For the S&amp;P, it is now on its longest negative run since mid-December, and finished below 4,000 points for the second straight day: a level not recorded since Jan. 20.</p><p>The Dow fell 84.5 points, or 0.26%, to 33,045.09, the S&amp;P lost 6.29 points, or 0.16%, to 3,991.05 and the Nasdaq added 14.77 points, or 0.13%, to 11,507.07.</p><p>Despite the declines experienced by the S&amp;P and the Dow, the falls were not as sharp as Tuesday&#39;s, which was the worst daily performance posted by markets in 2023.</p><p>Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps pivot around year-end.</p><p>However, stocks have had a volatile run in February, as traders priced in higher interest rates for longer, assuming that inflation remains higher in a sturdy economy.</p><p>Money market participants expect rates to peak at 5.35% by July and stay around those levels till the end of 2023.</p><p>&#34;We&#39;ll see what happens with equities, but I think downward momentum should lead over the next couple of weeks,&#34; said OANDA&#39;s Moya.</p><p>Most of the 11 major S&amp;P 500 sectors fell, with energy and real estate the poorest performers. The duo declined 0.8% and 1%, respectively.</p><p>The energy index has finished lower for seven straight sessions, as commodity prices have come under pressure from investor concerns over future economic growth and fuel demand.</p><p>Meanwhile, CoStar Group Inc fell 5.1% after the online real estate marketplaces provider said it was no longer in talks to buy Realtor.com owner Move Inc from News Corp - which, itself, closed 3.2% lower.</p><p>Volume on U.S. exchanges was 10.58 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted four new 52-week highs and one new low; the Nasdaq Composite recorded 36 new highs and 110 new lows. </p><p><img src=\"https://static.tigerbbs.com/ad6117da58396690d10352e8d2dbe2d1\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500 Ends Down As Fed Minutes Fail to Halt Losing Run</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500 Ends Down As Fed Minutes Fail to Halt Losing Run\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-02-23 07:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The S&amp;P 500 extended its losing streak to four sessions as Wall Street ended broadly lower on Wednesday, with investors cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises.</p><p>Minutes from the Federal Reserve&#39;s Jan. 31-Feb. 1 meeting said that &#34;almost all&#34; Fed officials agreed to slow the pace of increases in interest rates to a quarter of a percentage point.</p><p>There was also solid backing though for the belief that the risks of high inflation remained a &#34;key factor&#34; that would shape monetary policy and further rate hikes would be necessary until it was controlled.</p><p>Such messaging carried few surprises versus what the Fed and its governors have been communicating in recent weeks, and stocks were broadly steady in the wake of the minutes&#39; release, after choppy trading prior to their publication.</p><p>However, a general weakening in the final hour of trading pushed both the S&amp;P 500 and the Dow Jones Industrial back into the red. The Nasdaq Composite managed to scrape back into positive territory though in the final moments, ensuring its own losing streak was snapped at three.</p><p>&#34;It&#39;s clear that the Fed is determined to keep on with its rate-hiking campaign, and they are going to do it even as recession risks grow,&#34; said Ed Moya, senior market analyst at OANDA.</p><p>&#34;And that&#39;s why, after digesting the minutes, you saw markets softening a little bit.&#34;</p><p>For the S&amp;P, it is now on its longest negative run since mid-December, and finished below 4,000 points for the second straight day: a level not recorded since Jan. 20.</p><p>The Dow fell 84.5 points, or 0.26%, to 33,045.09, the S&amp;P lost 6.29 points, or 0.16%, to 3,991.05 and the Nasdaq added 14.77 points, or 0.13%, to 11,507.07.</p><p>Despite the declines experienced by the S&amp;P and the Dow, the falls were not as sharp as Tuesday&#39;s, which was the worst daily performance posted by markets in 2023.</p><p>Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps pivot around year-end.</p><p>However, stocks have had a volatile run in February, as traders priced in higher interest rates for longer, assuming that inflation remains higher in a sturdy economy.</p><p>Money market participants expect rates to peak at 5.35% by July and stay around those levels till the end of 2023.</p><p>&#34;We&#39;ll see what happens with equities, but I think downward momentum should lead over the next couple of weeks,&#34; said OANDA&#39;s Moya.</p><p>Most of the 11 major S&amp;P 500 sectors fell, with energy and real estate the poorest performers. The duo declined 0.8% and 1%, respectively.</p><p>The energy index has finished lower for seven straight sessions, as commodity prices have come under pressure from investor concerns over future economic growth and fuel demand.</p><p>Meanwhile, CoStar Group Inc fell 5.1% after the online real estate marketplaces provider said it was no longer in talks to buy Realtor.com owner Move Inc from News Corp - which, itself, closed 3.2% lower.</p><p>Volume on U.S. exchanges was 10.58 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted four new 52-week highs and one new low; the Nasdaq Composite recorded 36 new highs and 110 new lows. </p><p><img src=\"https://static.tigerbbs.com/ad6117da58396690d10352e8d2dbe2d1\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2313072804","content_text":"The S&P 500 extended its losing streak to four sessions as Wall Street ended broadly lower on Wednesday, with investors cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises.Minutes from the Federal Reserve's Jan. 31-Feb. 1 meeting said that \"almost all\" Fed officials agreed to slow the pace of increases in interest rates to a quarter of a percentage point.There was also solid backing though for the belief that the risks of high inflation remained a \"key factor\" that would shape monetary policy and further rate hikes would be necessary until it was controlled.Such messaging carried few surprises versus what the Fed and its governors have been communicating in recent weeks, and stocks were broadly steady in the wake of the minutes' release, after choppy trading prior to their publication.However, a general weakening in the final hour of trading pushed both the S&P 500 and the Dow Jones Industrial back into the red. The Nasdaq Composite managed to scrape back into positive territory though in the final moments, ensuring its own losing streak was snapped at three.\"It's clear that the Fed is determined to keep on with its rate-hiking campaign, and they are going to do it even as recession risks grow,\" said Ed Moya, senior market analyst at OANDA.\"And that's why, after digesting the minutes, you saw markets softening a little bit.\"For the S&P, it is now on its longest negative run since mid-December, and finished below 4,000 points for the second straight day: a level not recorded since Jan. 20.The Dow fell 84.5 points, or 0.26%, to 33,045.09, the S&P lost 6.29 points, or 0.16%, to 3,991.05 and the Nasdaq added 14.77 points, or 0.13%, to 11,507.07.Despite the declines experienced by the S&P and the Dow, the falls were not as sharp as Tuesday's, which was the worst daily performance posted by markets in 2023.Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps pivot around year-end.However, stocks have had a volatile run in February, as traders priced in higher interest rates for longer, assuming that inflation remains higher in a sturdy economy.Money market participants expect rates to peak at 5.35% by July and stay around those levels till the end of 2023.\"We'll see what happens with equities, but I think downward momentum should lead over the next couple of weeks,\" said OANDA's Moya.Most of the 11 major S&P 500 sectors fell, with energy and real estate the poorest performers. The duo declined 0.8% and 1%, respectively.The energy index has finished lower for seven straight sessions, as commodity prices have come under pressure from investor concerns over future economic growth and fuel demand.Meanwhile, CoStar Group Inc fell 5.1% after the online real estate marketplaces provider said it was no longer in talks to buy Realtor.com owner Move Inc from News Corp - which, itself, closed 3.2% lower.Volume on U.S. exchanges was 10.58 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.The S&P 500 posted four new 52-week highs and one new low; the Nasdaq Composite recorded 36 new highs and 110 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095878058,"gmtCreate":1644887275378,"gmtModify":1676533972070,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095878058","repostId":"2211507773","repostType":4,"repost":{"id":"2211507773","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1644879690,"share":"https://ttm.financial/m/news/2211507773?lang=&edition=fundamental","pubTime":"2022-02-15 07:01","market":"us","language":"en","title":"US Stocks-The S&P 500 Ends down as Russia-Ukraine Tensions Heat Up","url":"https://stock-news.laohu8.com/highlight/detail?id=2211507773","media":"Reuters","summary":"The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S.","content":"<html><head></head><body><p>The S&amp;P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil.</p><p>All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced the relocation of U.S. diplomatic operations to western Ukraine, in a possible sign of an imminent Russian invasion.</p><p>Adding to uncertainty, Ukraine President Volodymyr Zelenskiy said Wednesday would be the day of the attack. Ukrainian officials later said Zelenskiy was not predicting an attack on that day but responding with skepticism to foreign media reports.</p><p>By the closing bell, the Dow Jones Industrial Average joined the S&amp;P 500 in negative territory, while the Nasdaq Composite Index    ended essentially unchanged.</p><p>Ongoing concerns over aggressive policy from the Federal Reserve also have contributed to recent market volatility.</p><p>&#34;There&#39;s a lot of cross currents, a lot of potential negatives in the markets,&#34; said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.</p><p>France&#39;s foreign minister said everything was in place for a Russian attack and that Europe was ready to impose massive sanctions if it happened.</p><p>Geopolitical anxieties have been simmering in recent weeks as negotiators scrambled to find a diplomatic path forward as Russia amassed troops along the Ukrainian border.</p><p>Still, market fallout due to geopolitical turmoil tends to be fleeting, according to historical data.</p><p>&#34;History actually tells investors that military and terrorist strikes tend to have short-lived shocks because they do not result in global recession,&#34; said Sam Stovall, chief investment strategist of CFRA Research in New York.</p><p>Adding to the uncertainty were increasingly hawkish comments from St. Louis Federal Reserve President James Bullard. He reiterated his call for a faster rake hike timeline and said the central bank&#39;s &#34;credibility is on the line&#34; in its battle against rising prices.</p><p>Recent data showed U.S. inflation at its hottest level in decades, ratcheting up concerns that the Fed could begin hiking key interest rates more aggressively than many had anticipated.</p><p>&#34;The market is being felled by a combination punch, with Bullard&#39;s comments as well as increased rhetoric about the imminent invasion by Russia,&#34; Stovall added.</p><p>The Dow Jones Industrial Average    fell 171.89 points, or 0.49%, to 34,566.17; the S&amp;P 500    lost 16.97 points, or 0.38%, at 4,401.67; and the Nasdaq Composite    dropped 0.24 points, or 0%, to 13,790.92.</p><p>Ten of the 11 major sectors in the S&amp;P 500 closed in negative territory, with energy stocks suffering the largest percentage drop. Consumer discretionary and communications services were the only gainers.</p><p>Fourth-quarter earnings season is approaching the home stretch, with 358 of the companies in the S&amp;P 500 having reported. Of those, 78% have beat consensus estimates, according to Refinitiv data.</p><p>Nvidia Corp and Walmart Inc are among the high profile companies posting results this week.</p><p>Tesla Inc advanced 1.8% after Chinese auto industry authorities announced the electric car maker sold nearly 60,000 China-made vehicles in January.</p><p>Drugmaker Biohaven shares rose 2.2% following positive topline trial results in the migraine treatment rimegepant. Pfizer Inc acquired the overseas marketing rights to the drug in November.</p><p>But Pfizer dropped 1.9%, joining other COVID vaccine makers in the red.</p><p>Moderna Inc tumbled 11.7% and Johnson &amp; Johnson dipped 1.3%. Novavax Inc, which on Monday submitted an application to Switzerland&#39;s drugs regulator for approval of its COVID vaccine, dropped 11.4%.</p><p>Declining issues outnumbered advancers on the NYSE by a 2.80-to-1 ratio; on Nasdaq, a 2.17-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and 18 new lows; the Nasdaq Composite recorded 24 new highs and 246 new lows.</p><p>Volume on U.S. exchanges was 11.32 billion shares, compared with the 12.67 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Stocks-The S&P 500 Ends down as Russia-Ukraine Tensions Heat Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Stocks-The S&P 500 Ends down as Russia-Ukraine Tensions Heat Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-02-15 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The S&amp;P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil.</p><p>All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced the relocation of U.S. diplomatic operations to western Ukraine, in a possible sign of an imminent Russian invasion.</p><p>Adding to uncertainty, Ukraine President Volodymyr Zelenskiy said Wednesday would be the day of the attack. Ukrainian officials later said Zelenskiy was not predicting an attack on that day but responding with skepticism to foreign media reports.</p><p>By the closing bell, the Dow Jones Industrial Average joined the S&amp;P 500 in negative territory, while the Nasdaq Composite Index    ended essentially unchanged.</p><p>Ongoing concerns over aggressive policy from the Federal Reserve also have contributed to recent market volatility.</p><p>&#34;There&#39;s a lot of cross currents, a lot of potential negatives in the markets,&#34; said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.</p><p>France&#39;s foreign minister said everything was in place for a Russian attack and that Europe was ready to impose massive sanctions if it happened.</p><p>Geopolitical anxieties have been simmering in recent weeks as negotiators scrambled to find a diplomatic path forward as Russia amassed troops along the Ukrainian border.</p><p>Still, market fallout due to geopolitical turmoil tends to be fleeting, according to historical data.</p><p>&#34;History actually tells investors that military and terrorist strikes tend to have short-lived shocks because they do not result in global recession,&#34; said Sam Stovall, chief investment strategist of CFRA Research in New York.</p><p>Adding to the uncertainty were increasingly hawkish comments from St. Louis Federal Reserve President James Bullard. He reiterated his call for a faster rake hike timeline and said the central bank&#39;s &#34;credibility is on the line&#34; in its battle against rising prices.</p><p>Recent data showed U.S. inflation at its hottest level in decades, ratcheting up concerns that the Fed could begin hiking key interest rates more aggressively than many had anticipated.</p><p>&#34;The market is being felled by a combination punch, with Bullard&#39;s comments as well as increased rhetoric about the imminent invasion by Russia,&#34; Stovall added.</p><p>The Dow Jones Industrial Average    fell 171.89 points, or 0.49%, to 34,566.17; the S&amp;P 500    lost 16.97 points, or 0.38%, at 4,401.67; and the Nasdaq Composite    dropped 0.24 points, or 0%, to 13,790.92.</p><p>Ten of the 11 major sectors in the S&amp;P 500 closed in negative territory, with energy stocks suffering the largest percentage drop. Consumer discretionary and communications services were the only gainers.</p><p>Fourth-quarter earnings season is approaching the home stretch, with 358 of the companies in the S&amp;P 500 having reported. Of those, 78% have beat consensus estimates, according to Refinitiv data.</p><p>Nvidia Corp and Walmart Inc are among the high profile companies posting results this week.</p><p>Tesla Inc advanced 1.8% after Chinese auto industry authorities announced the electric car maker sold nearly 60,000 China-made vehicles in January.</p><p>Drugmaker Biohaven shares rose 2.2% following positive topline trial results in the migraine treatment rimegepant. Pfizer Inc acquired the overseas marketing rights to the drug in November.</p><p>But Pfizer dropped 1.9%, joining other COVID vaccine makers in the red.</p><p>Moderna Inc tumbled 11.7% and Johnson &amp; Johnson dipped 1.3%. Novavax Inc, which on Monday submitted an application to Switzerland&#39;s drugs regulator for approval of its COVID vaccine, dropped 11.4%.</p><p>Declining issues outnumbered advancers on the NYSE by a 2.80-to-1 ratio; on Nasdaq, a 2.17-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and 18 new lows; the Nasdaq Composite recorded 24 new highs and 246 new lows.</p><p>Volume on U.S. exchanges was 11.32 billion shares, compared with the 12.67 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4504":"桥水持仓","BK4550":"红杉资本持仓","SPY":"标普500ETF",".DJI":"道琼斯","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","BK4559":"巴菲特持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2211507773","content_text":"The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil.All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced the relocation of U.S. diplomatic operations to western Ukraine, in a possible sign of an imminent Russian invasion.Adding to uncertainty, Ukraine President Volodymyr Zelenskiy said Wednesday would be the day of the attack. Ukrainian officials later said Zelenskiy was not predicting an attack on that day but responding with skepticism to foreign media reports.By the closing bell, the Dow Jones Industrial Average joined the S&P 500 in negative territory, while the Nasdaq Composite Index    ended essentially unchanged.Ongoing concerns over aggressive policy from the Federal Reserve also have contributed to recent market volatility.\"There's a lot of cross currents, a lot of potential negatives in the markets,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.France's foreign minister said everything was in place for a Russian attack and that Europe was ready to impose massive sanctions if it happened.Geopolitical anxieties have been simmering in recent weeks as negotiators scrambled to find a diplomatic path forward as Russia amassed troops along the Ukrainian border.Still, market fallout due to geopolitical turmoil tends to be fleeting, according to historical data.\"History actually tells investors that military and terrorist strikes tend to have short-lived shocks because they do not result in global recession,\" said Sam Stovall, chief investment strategist of CFRA Research in New York.Adding to the uncertainty were increasingly hawkish comments from St. Louis Federal Reserve President James Bullard. He reiterated his call for a faster rake hike timeline and said the central bank's \"credibility is on the line\" in its battle against rising prices.Recent data showed U.S. inflation at its hottest level in decades, ratcheting up concerns that the Fed could begin hiking key interest rates more aggressively than many had anticipated.\"The market is being felled by a combination punch, with Bullard's comments as well as increased rhetoric about the imminent invasion by Russia,\" Stovall added.The Dow Jones Industrial Average    fell 171.89 points, or 0.49%, to 34,566.17; the S&P 500    lost 16.97 points, or 0.38%, at 4,401.67; and the Nasdaq Composite    dropped 0.24 points, or 0%, to 13,790.92.Ten of the 11 major sectors in the S&P 500 closed in negative territory, with energy stocks suffering the largest percentage drop. Consumer discretionary and communications services were the only gainers.Fourth-quarter earnings season is approaching the home stretch, with 358 of the companies in the S&P 500 having reported. Of those, 78% have beat consensus estimates, according to Refinitiv data.Nvidia Corp and Walmart Inc are among the high profile companies posting results this week.Tesla Inc advanced 1.8% after Chinese auto industry authorities announced the electric car maker sold nearly 60,000 China-made vehicles in January.Drugmaker Biohaven shares rose 2.2% following positive topline trial results in the migraine treatment rimegepant. Pfizer Inc acquired the overseas marketing rights to the drug in November.But Pfizer dropped 1.9%, joining other COVID vaccine makers in the red.Moderna Inc tumbled 11.7% and Johnson & Johnson dipped 1.3%. Novavax Inc, which on Monday submitted an application to Switzerland's drugs regulator for approval of its COVID vaccine, dropped 11.4%.Declining issues outnumbered advancers on the NYSE by a 2.80-to-1 ratio; on Nasdaq, a 2.17-to-1 ratio favored decliners.The S&P 500 posted one new 52-week high and 18 new lows; the Nasdaq Composite recorded 24 new highs and 246 new lows.Volume on U.S. exchanges was 11.32 billion shares, compared with the 12.67 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940384408,"gmtCreate":1677701785205,"gmtModify":1677701788589,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9940384408","repostId":"2316069863","repostType":4,"repost":{"id":"2316069863","kind":"highlight","pubTimestamp":1677684085,"share":"https://ttm.financial/m/news/2316069863?lang=&edition=fundamental","pubTime":"2023-03-01 23:21","market":"us","language":"en","title":"What Is the Best Tech Stock to Buy Now? Our 7 Top Picks","url":"https://stock-news.laohu8.com/highlight/detail?id=2316069863","media":"InvestorPlace","summary":"These seven tech stocks offer excellent entry points.Microsoft: The company’s focus on contesting hi","content":"<html><head></head><body><ul><li>These seven tech stocks offer excellent entry points.</li><li><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>: The company’s focus on contesting high-growth segments has the Street excited.</li><li><a href=\"https://laohu8.com/S/INTC\">Intel</a>: Intel seeks to catch up with its competitors by 2025 through domestic sources.</li><li><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>: Amazon dominates the cloud and e-commerce industry with a 34% and 38% market share.</li><li><a href=\"https://laohu8.com/S/OKTA\">Okta</a>: High top-line growth will bring back the growth premium for OKTA.</li><li><a href=\"https://laohu8.com/S/YEXT\">Yext</a>: Narrowing losses and a large addressable market means there is much more room for recovery.</li><li><a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a>: Bitcoin’s (BTC-USD) halving can make its 7000 BTC stash much more valuable.</li><li><a href=\"https://laohu8.com/S/NET\">Cloudflare</a>: Cloudflare’s financials are consistently growing near 50% year-on-year.</li></ul><p>With inflation, low earnings, and expectations of higher interest rates, tech stocks have cooled off. However, this is the prime time to look for the best tech stock to buy on the pullbacks. While losses have been considerable this year, it’s not permanent. In fact, I still believe most of these companies will start reporting much better year-on-year figures once the post-covid turbulence is behind us. Therefore, buying the best tech stocks now will give investors an excellent entry point for long-term gains. Here are the top seven picks to look into:</p><table border=\"1\"><tbody><tr><td><b>MSFT</b></td><td>Microsoft</td><td>$249.16</td></tr><tr><td><b>INTC</b></td><td>Intel</td><td>$24.84</td></tr><tr><td><b>AMZN</b></td><td>Amazon</td><td>$93.98</td></tr><tr><td><b>OKTA</b></td><td>Okta</td><td>$71.15</td></tr><tr><td><b>YEXT</b></td><td>Yext</td><td>$7.36</td></tr><tr><td><b>RIOT</b></td><td>Riot Platforms</td><td>$6.22</td></tr><tr><td><b>NET</b></td><td>Cloudflare</td><td>$59.64</td></tr></tbody></table><h2></h2><h2><a href=\"https://laohu8.com/S/MSFT\">Microsoft </a></h2><p><img src=\"https://static.tigerbbs.com/47f6b1c8715f6779c55164dde59413d6\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></p><p>Source: Asif Islam / Shutterstock.com</p><p><b>Microsoft’s</b> rollout of ChatGPT integration with Bing and high growth in its cloud segment makes it among the hottest stocks this year. Of course, Bing could still be a “nothing burger” as not many people are interested in permanently switching to Bing except for niche purposes. But the Street is certainly excited.</p><p>The company reported its fiscal Q2 2023 earnings, where its overall revenue grew 2%, but Azure and other cloud services revenue grew 31%, with Office 365 Commercial sales growing 11%. Conversely, Windows OEM and devices sales each decreased by 39%, which substantially negatively impacted top-line growth. The point is that Microsoft is slowly shaping its business away from slow-growth segments and into up-and-coming ones like Azure and Office 365. This will hurt the company’s top-line growth in the short term, but I see healthy growth metrics in the long run.</p><p>Furthermore, the cloud isn’t the only thing in which Microsoft has an edge. The company’s aggressively investing in artificial intelligence, such as its $10 billion OpenAI investment. As AI becomes more important, these investments will pay off greatly.</p><h2><a href=\"https://laohu8.com/S/INTC\">Intel </a></h2><p><img src=\"https://static.tigerbbs.com/35428f0e9fb4a3ba4685923398cf5024\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></p><p>Source: shutterstock.com/everything possible</p><p>Tough competition with <a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a> and sluggish year-over-year growth have caused <a href=\"https://laohu8.com/S/INTC\">Intel</a>’s stock to plummet to decade-low valuations. However, it should be noted that the company is transforming and adapting its business for long-term success.</p><p>Intel is particularly focusing on chips for AI, announcing a $20 billion investment into domestic chip production in the U.S., unlike other semiconductor companies that are sourcing their chips from foreign sources such as <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor</a>. The CHIPS act subsidy will come in handy for the company in this regard, as Intel already reported 30% YoY growth in its foundry segment. Its Mobileye ownership is also paying dividends, with sales up 59% YoY.</p><p>Another important highlight mentioned in a recent company press release,</p><blockquote>“Intel continues to progress with its goal of achieving five nodes in four years and is on track to regain transistor performance and power performance leadership by 2025. Intel 7 is now in high-volume manufacturing for both client and server. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023.”</blockquote><p>Simply put, Intel is expanding its own chip production for a more addressable market. It is also moving away from foreign sources with its own chip branding instead of using nanometers to describe its semiconductors and seeks to catch up with TSMC and AMD by 2025. If things go smoothly, Intel can become a significant chip provider for various industries in the U.S.</p><h2><a href=\"https://laohu8.com/S/AMZN\">Amazon </a></h2><p><img src=\"https://static.tigerbbs.com/5d8c777beef9fcbe72151403c6646024\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></p><p>Source: Tada Images / Shutterstock.com</p><p><b>Amazon</b> leads the burgeoning cloud industry with Amazon Web Services. Although other companies are certainly upping their competition here, AWS remains the dominant platform with 34% of the market share. AWS has its hands in almost every industry; even <b>Ethereum</b> (<b>ETH-USD</b>) has a substantial amount of nodes that use AWS to run, while 7,500 government agencies rely on the platform. This reliance is likely to continue, even if other alternatives become more cost-effective. Accordingly, AWS segment sales increased 29% year-over-year to $80.1 billion for all of 2022.</p><p>Nevertheless, Amazon is a highly diversified company with many other promising segments to bank on. Most importantly, it is the biggest U.S. e-commerce business. It had some hiccups after the post-covid boom ended, but e-commerce is among the most promising industries in the long run. If Amazon retains its 38% market share in the industry, it could lead to sales as high as $600 billion annually from the U.S. alone by 2027.</p><h2><a href=\"https://laohu8.com/S/OKTA\">Okta </a></h2><p><img src=\"https://static.tigerbbs.com/85eeaa891ca15d8a5082c7ce82b75e95\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></p><p>Source: Sundry Photography / Shutterstock.com</p><p><b>Okta</b> has been one of the standout performers in the technology sector post-covid, with its stock price skyrocketing by more than 130% in 2020. However, widening losses and falling growth caused worries among investors, and OKTA stock is down 75%-plus from its peak in 2021.</p><p>Regardless, the company’s top line remains stable, and I believe Okta can make a comeback as its losses are narrowing. With more and more businesses moving their operations online, Okta’s solutions are becoming increasingly essential, which has helped the company to attract a growing number of high-profile customers. Its high 37% sales growth should accelerate over the long run and bring a higher growth premium.</p><p>Indeed, the losses are unconvincing, but Okta is well-positioned to continue its impressive growth trajectory. The company is expected to benefit from the ongoing shift towards cloud-based applications and the increasing need for robust cybersecurity solutions, which should drive demand for its IAM platform. Most of the company’s cons are also already priced in, and I see little downside left.</p><h2><a href=\"https://laohu8.com/S/YEXT\">Yext </a></h2><p><img src=\"https://static.tigerbbs.com/ef123c0f44cb8643c125a3ef73012291\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></p><p>Source: rblfmr / Shutterstock.com</p><p><b>Yext</b> is a leading provider of digital knowledge management software that helps businesses manage their online presence across multiple platforms. The stock was on a roller coaster ride over the pandemic era but began to bottom out last year and is now steadily recovering. However, I still think that its 50% recovery trough to the current year-to-date peak is not enough of a recovery, and there’s more to go.</p><p>The COVID-19 pandemic initially harmed Yext’s business, as many of its customers had to shut down their physical locations. However, the company has adapted well to the changing market conditions, focusing on expanding its digital knowledge management platform to meet the needs of businesses that have shifted their operations online. Now, online businesses are a growth catalyst for Yext.</p><p>Stock analyst Gurufocus.com does believe it could be a value trap due to its high losses. However, its most recent 10-Q filing shows that the company only spent $60.6 million on general and administrative expenses last year, with $221.5 million of gross profit. Most of its losses stem from high marketing and development spending, which can be easily cut down if needed. Therefore, I believe the company’s management sees its losses (that are narrowing) as sustainable.</p><p>Overall, it’s a high-risk, high-reward bet that might not suit all investors as the best tech stock to buy.</p><h2><a href=\"https://laohu8.com/S/RIOT\">Riot Platforms </a></h2><p><img src=\"https://static.tigerbbs.com/783635b327e5ba7814bc70de48c780ad\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></p><p>Source: Shutterstock</p><p><b>Riot Platforms</b> is a cryptocurrency mining company that has been on a wild ride over the past year. Due to a significant drop in <b>Bitcoin</b> (<b>BTC-USD</b>) prices earlier this year, the company’s stock price has lost more than 91.5% of its value from its peak. However, this high-risk stock can deliver a long-term comeback, driven by strong demand for its mining services and the increasing adoption of cryptocurrencies by mainstream investors.</p><p>Riot’s impressive financial performance has been driven by its aggressive expansion into the cryptocurrency mining market. The company has zero debt, and buying it at this current range will likely generate oversized returns when Bitcoin increases in value. The most important catalyst for RIOT is Bitcoin’s halving in 2024.</p><p>It’ll cut mining rewards by half and likely increase its value substantially. The company could make a sharp recovery with RIOT’s 65.4% gross margin and its stash of around 7000 BTC. Naturally, a lot of speculation is involved here, and I wouldn’t recommend buying it if you only wish to invest in well-established names.</p><h2><a href=\"https://laohu8.com/S/NET\">Cloudflare </a></h2><p><img src=\"https://static.tigerbbs.com/dc4e1c6480937d07de0a6078b1b53a4a\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></p><p>Source: IgorGolovniov / Shutterstock.com</p><p><b>Cloudflare’s</b> success can be attributed to its innovative approach to cybersecurity. The company offers a range of solutions that leverage the power of the cloud to protect against cyber attacks. The cybersecurity industry is rapidly growing despite short-term headwinds, and Cloudflare has a market share above 95% in network security. This gives the company enormous leverage over many online websites and businesses.</p><p>Moreover, as web development becomes more streamlined, Cloudflare’s dominance is only increasing due to cost-effectiveness. The company is consistently growing its top line near a 50% clip, and losses are steadily narrowing.</p><p>Gurufocus.com considers the stock “Significantly Undervalued,” with its future 3-5 year total revenue growth rate ranked better than 96.97% of its peers. Thus, consistency puts NET in the “best tech stock to buy” criteria.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is the Best Tech Stock to Buy Now? Our 7 Top Picks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Is the Best Tech Stock to Buy Now? Our 7 Top Picks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-01 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/02/what-is-the-best-tech-stock-to-buy-now-our-7-top-picks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These seven tech stocks offer excellent entry points.Microsoft: The company’s focus on contesting high-growth segments has the Street excited.Intel: Intel seeks to catch up with its competitors by ...</p>\n\n<a href=\"https://investorplace.com/2023/02/what-is-the-best-tech-stock-to-buy-now-our-7-top-picks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","OKTA":"Okta Inc.","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4567":"ESG概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","BK4587":"ChatGPT概念","BK4566":"资本集团","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4559":"巴菲特持仓","INTC":"英特尔","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4538":"云计算","MSFT":"微软","BK4588":"碎股","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4116":"互联网服务与基础架构","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","BK4526":"热门中概股","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4097":"系统软件","BK4512":"苹果概念","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","YEXT":"Yext Inc.","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","RIOT":"Riot Platforms","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC"},"source_url":"https://investorplace.com/2023/02/what-is-the-best-tech-stock-to-buy-now-our-7-top-picks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316069863","content_text":"These seven tech stocks offer excellent entry points.Microsoft: The company’s focus on contesting high-growth segments has the Street excited.Intel: Intel seeks to catch up with its competitors by 2025 through domestic sources.Amazon: Amazon dominates the cloud and e-commerce industry with a 34% and 38% market share.Okta: High top-line growth will bring back the growth premium for OKTA.Yext: Narrowing losses and a large addressable market means there is much more room for recovery.Riot Platforms: Bitcoin’s (BTC-USD) halving can make its 7000 BTC stash much more valuable.Cloudflare: Cloudflare’s financials are consistently growing near 50% year-on-year.With inflation, low earnings, and expectations of higher interest rates, tech stocks have cooled off. However, this is the prime time to look for the best tech stock to buy on the pullbacks. While losses have been considerable this year, it’s not permanent. In fact, I still believe most of these companies will start reporting much better year-on-year figures once the post-covid turbulence is behind us. Therefore, buying the best tech stocks now will give investors an excellent entry point for long-term gains. Here are the top seven picks to look into:MSFTMicrosoft$249.16INTCIntel$24.84AMZNAmazon$93.98OKTAOkta$71.15YEXTYext$7.36RIOTRiot Platforms$6.22NETCloudflare$59.64Microsoft Source: Asif Islam / Shutterstock.comMicrosoft’s rollout of ChatGPT integration with Bing and high growth in its cloud segment makes it among the hottest stocks this year. Of course, Bing could still be a “nothing burger” as not many people are interested in permanently switching to Bing except for niche purposes. But the Street is certainly excited.The company reported its fiscal Q2 2023 earnings, where its overall revenue grew 2%, but Azure and other cloud services revenue grew 31%, with Office 365 Commercial sales growing 11%. Conversely, Windows OEM and devices sales each decreased by 39%, which substantially negatively impacted top-line growth. The point is that Microsoft is slowly shaping its business away from slow-growth segments and into up-and-coming ones like Azure and Office 365. This will hurt the company’s top-line growth in the short term, but I see healthy growth metrics in the long run.Furthermore, the cloud isn’t the only thing in which Microsoft has an edge. The company’s aggressively investing in artificial intelligence, such as its $10 billion OpenAI investment. As AI becomes more important, these investments will pay off greatly.Intel Source: shutterstock.com/everything possibleTough competition with Advanced Micro Devices and sluggish year-over-year growth have caused Intel’s stock to plummet to decade-low valuations. However, it should be noted that the company is transforming and adapting its business for long-term success.Intel is particularly focusing on chips for AI, announcing a $20 billion investment into domestic chip production in the U.S., unlike other semiconductor companies that are sourcing their chips from foreign sources such as Taiwan Semiconductor. The CHIPS act subsidy will come in handy for the company in this regard, as Intel already reported 30% YoY growth in its foundry segment. Its Mobileye ownership is also paying dividends, with sales up 59% YoY.Another important highlight mentioned in a recent company press release,“Intel continues to progress with its goal of achieving five nodes in four years and is on track to regain transistor performance and power performance leadership by 2025. Intel 7 is now in high-volume manufacturing for both client and server. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023.”Simply put, Intel is expanding its own chip production for a more addressable market. It is also moving away from foreign sources with its own chip branding instead of using nanometers to describe its semiconductors and seeks to catch up with TSMC and AMD by 2025. If things go smoothly, Intel can become a significant chip provider for various industries in the U.S.Amazon Source: Tada Images / Shutterstock.comAmazon leads the burgeoning cloud industry with Amazon Web Services. Although other companies are certainly upping their competition here, AWS remains the dominant platform with 34% of the market share. AWS has its hands in almost every industry; even Ethereum (ETH-USD) has a substantial amount of nodes that use AWS to run, while 7,500 government agencies rely on the platform. This reliance is likely to continue, even if other alternatives become more cost-effective. Accordingly, AWS segment sales increased 29% year-over-year to $80.1 billion for all of 2022.Nevertheless, Amazon is a highly diversified company with many other promising segments to bank on. Most importantly, it is the biggest U.S. e-commerce business. It had some hiccups after the post-covid boom ended, but e-commerce is among the most promising industries in the long run. If Amazon retains its 38% market share in the industry, it could lead to sales as high as $600 billion annually from the U.S. alone by 2027.Okta Source: Sundry Photography / Shutterstock.comOkta has been one of the standout performers in the technology sector post-covid, with its stock price skyrocketing by more than 130% in 2020. However, widening losses and falling growth caused worries among investors, and OKTA stock is down 75%-plus from its peak in 2021.Regardless, the company’s top line remains stable, and I believe Okta can make a comeback as its losses are narrowing. With more and more businesses moving their operations online, Okta’s solutions are becoming increasingly essential, which has helped the company to attract a growing number of high-profile customers. Its high 37% sales growth should accelerate over the long run and bring a higher growth premium.Indeed, the losses are unconvincing, but Okta is well-positioned to continue its impressive growth trajectory. The company is expected to benefit from the ongoing shift towards cloud-based applications and the increasing need for robust cybersecurity solutions, which should drive demand for its IAM platform. Most of the company’s cons are also already priced in, and I see little downside left.Yext Source: rblfmr / Shutterstock.comYext is a leading provider of digital knowledge management software that helps businesses manage their online presence across multiple platforms. The stock was on a roller coaster ride over the pandemic era but began to bottom out last year and is now steadily recovering. However, I still think that its 50% recovery trough to the current year-to-date peak is not enough of a recovery, and there’s more to go.The COVID-19 pandemic initially harmed Yext’s business, as many of its customers had to shut down their physical locations. However, the company has adapted well to the changing market conditions, focusing on expanding its digital knowledge management platform to meet the needs of businesses that have shifted their operations online. Now, online businesses are a growth catalyst for Yext.Stock analyst Gurufocus.com does believe it could be a value trap due to its high losses. However, its most recent 10-Q filing shows that the company only spent $60.6 million on general and administrative expenses last year, with $221.5 million of gross profit. Most of its losses stem from high marketing and development spending, which can be easily cut down if needed. Therefore, I believe the company’s management sees its losses (that are narrowing) as sustainable.Overall, it’s a high-risk, high-reward bet that might not suit all investors as the best tech stock to buy.Riot Platforms Source: ShutterstockRiot Platforms is a cryptocurrency mining company that has been on a wild ride over the past year. Due to a significant drop in Bitcoin (BTC-USD) prices earlier this year, the company’s stock price has lost more than 91.5% of its value from its peak. However, this high-risk stock can deliver a long-term comeback, driven by strong demand for its mining services and the increasing adoption of cryptocurrencies by mainstream investors.Riot’s impressive financial performance has been driven by its aggressive expansion into the cryptocurrency mining market. The company has zero debt, and buying it at this current range will likely generate oversized returns when Bitcoin increases in value. The most important catalyst for RIOT is Bitcoin’s halving in 2024.It’ll cut mining rewards by half and likely increase its value substantially. The company could make a sharp recovery with RIOT’s 65.4% gross margin and its stash of around 7000 BTC. Naturally, a lot of speculation is involved here, and I wouldn’t recommend buying it if you only wish to invest in well-established names.Cloudflare Source: IgorGolovniov / Shutterstock.comCloudflare’s success can be attributed to its innovative approach to cybersecurity. The company offers a range of solutions that leverage the power of the cloud to protect against cyber attacks. The cybersecurity industry is rapidly growing despite short-term headwinds, and Cloudflare has a market share above 95% in network security. This gives the company enormous leverage over many online websites and businesses.Moreover, as web development becomes more streamlined, Cloudflare’s dominance is only increasing due to cost-effectiveness. The company is consistently growing its top line near a 50% clip, and losses are steadily narrowing.Gurufocus.com considers the stock “Significantly Undervalued,” with its future 3-5 year total revenue growth rate ranked better than 96.97% of its peers. Thus, consistency puts NET in the “best tech stock to buy” criteria.","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025632360,"gmtCreate":1653669950551,"gmtModify":1676535324545,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Like ah","listText":"Like ah","text":"Like ah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025632360","repostId":"2238387186","repostType":4,"repost":{"id":"2238387186","kind":"news","pubTimestamp":1653660205,"share":"https://ttm.financial/m/news/2238387186?lang=&edition=fundamental","pubTime":"2022-05-27 22:03","market":"hk","language":"en","title":"Alibaba Earnings: Back Up The Truck","url":"https://stock-news.laohu8.com/highlight/detail?id=2238387186","media":"seekingalpha","summary":"SummaryAlibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS.Expectatio","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Alibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS.</li><li>Expectations were low heading into the release.</li><li>At this point, BABA has gotten beaten down to the point of absurdity.</li><li>In this article I dissect Alibaba&#39;s Q4 earnings release and explain why I&#39;m still long despite all the challenges.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fb3d9594de3e32459d994aa3977dc753\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/><span>Michael Loccisano/Getty Images Entertainment</span></p><p><b>Alibaba Group Holding Limited</b> (NYSE:BABA) just released its fourth quarter earnings. The release beat expectations on revenue as well as on EPS. The $3 billion year-over-year increase in revenue showed that BABA was able to crankout strong sales growth even amid China’s lockdowns and other macroeconomic headwinds.</p><p>Alibaba had a lot of things working in its favor going into its Q2 release. The company had negative earnings in the prior year quarter, which meant that the comparisons were soft this time around. The company was caught off guard by some lockdowns in major Chinese cities, but it wasn’t until Q2 (Alibaba’s fiscal Q1) that they became truly widespread. Additionally, BABA enjoyed a significant increase in web traffic in Q4 across virtually all of its online channels. Despite these two factors working in BABA’s favor, analysts still cut estimates repeatedly throughout the quarter, leading to weak expectations.</p><p>So, Alibaba had many advantages heading into this release. Which is why it was not surprising that earnings beat expectations. In Q4, Alibaba put most of its 2021 tech crackdown damage behind it. We’re beginning to see the effects of that today.</p><p>With a solid fourth quarter under its belt, Alibaba has a good foundation to build from. While the upcoming quarterly release is likely to be weak due to China’s heavy Q2 lockdowns, BABA will once again have soft comparisons in the September quarter. This lends credence to the idea that 2022 will be the year when Alibaba recovers–although the process may take longer than we initially thought.</p><p><b>Earnings Recap</b></p><p>For the fourth quarter, Alibaba delivered strong earnings, beating on both the top and bottom lines. Some highlights include:</p><ul><li><p>Revenue: $32.1 billion, up 9% (beat by $3 billion);</p></li><li><p>Operating income: $2.6 billion;</p></li><li><p>GAAP earnings: $-2.5 billion;</p></li><li><p>Adjusted earnings: $3.1 billion;</p></li><li><p>Diluted EPS: $1.25, down 23% (beat by $0.16);</p></li><li><p>Operating cash flow: $-1.1 billion.</p></li></ul><p>Pretty strong results, all things considered. Even with lockdowns taking place in the fourth quarter, Alibaba managed to grow its revenue by billions of dollars.</p><p>A few metrics in the release were particularly surprising, such as the 8% growth in core commerce. Going into the release, many investors expected the core eCommerce segment to weigh on results, as China was going through lockdowns in Q4. In past quarters, that segment underperformed relative to the cloud segment. This time around, that trend reversed. In Q4, Alibaba Cloud lost its biggest customer, which resulted in the segment growing by only 21%. Alibaba Cloud has long been considered a major potential growth driver for BABA, so its comparative under-performance in Q4 was a disappointment.</p><p>The cloud segment is worth exploring in detail. In the earnings release, BABA said that “a top customer” cut out its use of Alibaba cloud due to slowing demand in China. It did not specify the identity of the customer. The customer also apparently ceased using Alibaba Cloud in its international business, though it declined to say why. According to Alibaba, cloud growth would have been 29% had this customer not stopped using the service.</p><p>So, although Alibaba Cloud growth decelerated significantly in Q4, there is reason to think that it will pick up again. The 29% growth that Alibaba Cloud would have delivered had this customer still been in the picture would have been commensurate with past quarters, meaning that BABA would not have experienced deceleration. If Alibaba can get that customer back, then its growth could accelerate in the near future.</p><p><b>Competitors’ Results</b></p><p>To truly understand Alibaba’s Q4 results, we need to check in on how the company’s competitors have been doing. It’s well known that China’s government wants to increase competition in the tech sector, and this has been cited as a headwind for Alibaba. Given this, it makes sense to look at some of BABA’s competitors’ recent releases. Armed with this information, we can gauge how much of an advantage or disadvantage BABA has going forward.</p><p>First, let’s look at <b>JD.com, Inc.</b> (JD). JD’s earnings release was mixed. Revenue beat expectations, growing 18%, as did adjusted earnings. GAAP earnings, on the other hand, missed by a pretty wide margin, coming in at $-0.29, compared to $-0.02 expected. It wasn’t a great release, but the growth in revenue shows that one of BABA’s competitors is increasing its presence in the market. That could be thought of as a negative for BABA.</p><p>Next up we have <b>Pinduoduo Inc.</b> (PDD). PDD’s most recent release showed its slowest revenue growth in years. Coming in at 3%, the company’s revenue decelerated dramatically. That was definitely a positive for Alibaba. Pinduoduo’s popular group purchase model in agricultural goods could have made it a real competitor to BABA had it branched out into more product categories. Now that PDD’s growth is slowing down, it looks like the possible competitive threat has eased off. (<a href=\"https://ttm.financial/NW/1123192288\" target=\"_blank\">Pinduoduo has announced its quarterly results</a>)</p><p><b>Valuation</b></p><p>Alibaba’s Q4 results are particularly encouraging when we consider them along with the company’s valuation. Alibaba’s recent earnings beat expectations, yet the company’s stock is still very cheap, boasting valuation multiples like:</p><ul><li><p>Adjusted P/E: 9.5;</p></li><li><p>GAAP P/E: 21.9;</p></li><li><p>Price/sales: 1.69;</p></li><li><p>Price/book: 1.44;</p></li><li><p>Price/operating cash flow: 8.</p></li></ul><p>The above metrics strongly hint at a company that may be undervalued. BABA is, quite frankly, priced like it’s going out of business. Its price/book multiple is approaching a level where the company would be trading below the value of assets, net of debt, if its stock went much lower. In fact, Alibaba could reach the point where it’s trading below book value this quarter if its stock portfolio increases in value.</p><p>Alibaba is known to hold a lot of stocks and other marketable securities on its balance sheet. In recent quarters, this factor has been reducing the company’s GAAP earnings, as GAAP accounting rules state that you have to subtract mark-to-market losses on securities from net income, even if the losses weren’t realized. It’s a peculiar accounting rule that Warren Buffett has criticized due to it producing “earnings” that don’t reflect operating performance. It is true that mark-to-market accounting produces earnings that have nothing to do with business performance. However, this exact same factor could push BABA’s assets and earnings higher in the future, leading to an even lower price/book multiple and even greater perceived undervaluation.</p><p><b>Risks and Challenges</b></p><p>As we’ve seen, Alibaba is a strong player in China’s eCommerce industry that just put out a better-than-expected earnings release. Its stock is also very cheap. Taking all of this together, one gets the sense of a great value.</p><p>However, there are several risks and challenges to keep in mind, including:</p><ul><li><p><b>June quarter earnings.</b>It’s quite likely that Alibaba’s June quarter earnings will be weak. There were at least two full months of severe lockdowns in several Chinese cities in Q1. At the peak, more than 400 million Chinese citizens were locked down. There were some lockdowns in the just-reported quarter, but they weren’t as strict, and they didn’t affect as many people. There are already early signs that the Q2 lockdowns hit BABA pretty hard. BABA’s web traffic severely declined in April after rising in March. This suggests that, possibly, Chinese citizens were spending less money due to lockdown-induced supply constraints, or income loss.</p></li><li><p><b>Lockdowns.</b>Related to the June quarter earnings release is the prospect of Chinese lockdowns in general. China still officially maintains a “Zero COVID policy” which means that it is willing to use lockdowns to combat even small numbers of cases. This can lead to less retail spending when it occurs, which is a bad thing for online retail platforms like the ones BABA operates.</p></li><li><p><b>A renewed tech regulation.</b>China’s tech regulation was the biggest single factor behind Alibaba’s crash in 2021. The regulation resulted in BABA taking a $2.8 billion fine, a tax hike, and a host of other challenges. At the start of this year, it was looking like the regulation was still ongoing. The government was just about to launch a new inquiry into Ant Group when the COVID outbreak hit and the anti-trust inquiries were put on hold. Since then, China’s policy has been to support the markets rather than pressure them. However, there is always the possibility that the regulation will flare up again. If it does, it could cost BABA some money.</p></li><li><p><b>The macro climate.</b>China’s macroeconomic environment could be considered a short term risk factor for Alibaba. China’s retail spending growth was -11% in April. It could continue to be negative if China continues to pursue its aggressive stance on COVID. Additionally, China will face softer export growth should the U.S. enter the recession that many expect, and is still dealing with the economic fallout from the collapse of Evergrande. Taking all of these factors together, we get a picture of a decidedly challenging macroeconomic environment.</p></li></ul><p>If you’re considering taking a position in Alibaba, you’ll want to give the risk factors above a good hard mulling over. To my mind, BABA stock is a good value, because the stock is cheap and the company has a good competitive position. But a stock facing this many risk factors isn’t for everyone. It has been a volatile ride so far, and probably will be for the foreseeable future.</p><p>As for me, I plan to continue holding BABA. For an investor with a long time horizon, there are few better deals in the market today. A lot of people in this market speak of <b>Meta Platforms, Inc.</b> (FB) as a value stock, yet its multiples areall higher than BABA’sdespite it having slower revenue growth. Alibaba is the kind of rock bottom bargain you rarely see anywhere other than China, which is why I remain long this stock despite all of the risk factors it faces.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Earnings: Back Up The Truck</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Earnings: Back Up The Truck\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-27 22:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4514639-alibaba-earnings-back-up-the-truck><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS.Expectations were low heading into the release.At this point, BABA has gotten beaten down to the point of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4514639-alibaba-earnings-back-up-the-truck\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4514639-alibaba-earnings-back-up-the-truck","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2238387186","content_text":"SummaryAlibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS.Expectations were low heading into the release.At this point, BABA has gotten beaten down to the point of absurdity.In this article I dissect Alibaba's Q4 earnings release and explain why I'm still long despite all the challenges.Michael Loccisano/Getty Images EntertainmentAlibaba Group Holding Limited (NYSE:BABA) just released its fourth quarter earnings. The release beat expectations on revenue as well as on EPS. The $3 billion year-over-year increase in revenue showed that BABA was able to crankout strong sales growth even amid China’s lockdowns and other macroeconomic headwinds.Alibaba had a lot of things working in its favor going into its Q2 release. The company had negative earnings in the prior year quarter, which meant that the comparisons were soft this time around. The company was caught off guard by some lockdowns in major Chinese cities, but it wasn’t until Q2 (Alibaba’s fiscal Q1) that they became truly widespread. Additionally, BABA enjoyed a significant increase in web traffic in Q4 across virtually all of its online channels. Despite these two factors working in BABA’s favor, analysts still cut estimates repeatedly throughout the quarter, leading to weak expectations.So, Alibaba had many advantages heading into this release. Which is why it was not surprising that earnings beat expectations. In Q4, Alibaba put most of its 2021 tech crackdown damage behind it. We’re beginning to see the effects of that today.With a solid fourth quarter under its belt, Alibaba has a good foundation to build from. While the upcoming quarterly release is likely to be weak due to China’s heavy Q2 lockdowns, BABA will once again have soft comparisons in the September quarter. This lends credence to the idea that 2022 will be the year when Alibaba recovers–although the process may take longer than we initially thought.Earnings RecapFor the fourth quarter, Alibaba delivered strong earnings, beating on both the top and bottom lines. Some highlights include:Revenue: $32.1 billion, up 9% (beat by $3 billion);Operating income: $2.6 billion;GAAP earnings: $-2.5 billion;Adjusted earnings: $3.1 billion;Diluted EPS: $1.25, down 23% (beat by $0.16);Operating cash flow: $-1.1 billion.Pretty strong results, all things considered. Even with lockdowns taking place in the fourth quarter, Alibaba managed to grow its revenue by billions of dollars.A few metrics in the release were particularly surprising, such as the 8% growth in core commerce. Going into the release, many investors expected the core eCommerce segment to weigh on results, as China was going through lockdowns in Q4. In past quarters, that segment underperformed relative to the cloud segment. This time around, that trend reversed. In Q4, Alibaba Cloud lost its biggest customer, which resulted in the segment growing by only 21%. Alibaba Cloud has long been considered a major potential growth driver for BABA, so its comparative under-performance in Q4 was a disappointment.The cloud segment is worth exploring in detail. In the earnings release, BABA said that “a top customer” cut out its use of Alibaba cloud due to slowing demand in China. It did not specify the identity of the customer. The customer also apparently ceased using Alibaba Cloud in its international business, though it declined to say why. According to Alibaba, cloud growth would have been 29% had this customer not stopped using the service.So, although Alibaba Cloud growth decelerated significantly in Q4, there is reason to think that it will pick up again. The 29% growth that Alibaba Cloud would have delivered had this customer still been in the picture would have been commensurate with past quarters, meaning that BABA would not have experienced deceleration. If Alibaba can get that customer back, then its growth could accelerate in the near future.Competitors’ ResultsTo truly understand Alibaba’s Q4 results, we need to check in on how the company’s competitors have been doing. It’s well known that China’s government wants to increase competition in the tech sector, and this has been cited as a headwind for Alibaba. Given this, it makes sense to look at some of BABA’s competitors’ recent releases. Armed with this information, we can gauge how much of an advantage or disadvantage BABA has going forward.First, let’s look at JD.com, Inc. (JD). JD’s earnings release was mixed. Revenue beat expectations, growing 18%, as did adjusted earnings. GAAP earnings, on the other hand, missed by a pretty wide margin, coming in at $-0.29, compared to $-0.02 expected. It wasn’t a great release, but the growth in revenue shows that one of BABA’s competitors is increasing its presence in the market. That could be thought of as a negative for BABA.Next up we have Pinduoduo Inc. (PDD). PDD’s most recent release showed its slowest revenue growth in years. Coming in at 3%, the company’s revenue decelerated dramatically. That was definitely a positive for Alibaba. Pinduoduo’s popular group purchase model in agricultural goods could have made it a real competitor to BABA had it branched out into more product categories. Now that PDD’s growth is slowing down, it looks like the possible competitive threat has eased off. (Pinduoduo has announced its quarterly results)ValuationAlibaba’s Q4 results are particularly encouraging when we consider them along with the company’s valuation. Alibaba’s recent earnings beat expectations, yet the company’s stock is still very cheap, boasting valuation multiples like:Adjusted P/E: 9.5;GAAP P/E: 21.9;Price/sales: 1.69;Price/book: 1.44;Price/operating cash flow: 8.The above metrics strongly hint at a company that may be undervalued. BABA is, quite frankly, priced like it’s going out of business. Its price/book multiple is approaching a level where the company would be trading below the value of assets, net of debt, if its stock went much lower. In fact, Alibaba could reach the point where it’s trading below book value this quarter if its stock portfolio increases in value.Alibaba is known to hold a lot of stocks and other marketable securities on its balance sheet. In recent quarters, this factor has been reducing the company’s GAAP earnings, as GAAP accounting rules state that you have to subtract mark-to-market losses on securities from net income, even if the losses weren’t realized. It’s a peculiar accounting rule that Warren Buffett has criticized due to it producing “earnings” that don’t reflect operating performance. It is true that mark-to-market accounting produces earnings that have nothing to do with business performance. However, this exact same factor could push BABA’s assets and earnings higher in the future, leading to an even lower price/book multiple and even greater perceived undervaluation.Risks and ChallengesAs we’ve seen, Alibaba is a strong player in China’s eCommerce industry that just put out a better-than-expected earnings release. Its stock is also very cheap. Taking all of this together, one gets the sense of a great value.However, there are several risks and challenges to keep in mind, including:June quarter earnings.It’s quite likely that Alibaba’s June quarter earnings will be weak. There were at least two full months of severe lockdowns in several Chinese cities in Q1. At the peak, more than 400 million Chinese citizens were locked down. There were some lockdowns in the just-reported quarter, but they weren’t as strict, and they didn’t affect as many people. There are already early signs that the Q2 lockdowns hit BABA pretty hard. BABA’s web traffic severely declined in April after rising in March. This suggests that, possibly, Chinese citizens were spending less money due to lockdown-induced supply constraints, or income loss.Lockdowns.Related to the June quarter earnings release is the prospect of Chinese lockdowns in general. China still officially maintains a “Zero COVID policy” which means that it is willing to use lockdowns to combat even small numbers of cases. This can lead to less retail spending when it occurs, which is a bad thing for online retail platforms like the ones BABA operates.A renewed tech regulation.China’s tech regulation was the biggest single factor behind Alibaba’s crash in 2021. The regulation resulted in BABA taking a $2.8 billion fine, a tax hike, and a host of other challenges. At the start of this year, it was looking like the regulation was still ongoing. The government was just about to launch a new inquiry into Ant Group when the COVID outbreak hit and the anti-trust inquiries were put on hold. Since then, China’s policy has been to support the markets rather than pressure them. However, there is always the possibility that the regulation will flare up again. If it does, it could cost BABA some money.The macro climate.China’s macroeconomic environment could be considered a short term risk factor for Alibaba. China’s retail spending growth was -11% in April. It could continue to be negative if China continues to pursue its aggressive stance on COVID. Additionally, China will face softer export growth should the U.S. enter the recession that many expect, and is still dealing with the economic fallout from the collapse of Evergrande. Taking all of these factors together, we get a picture of a decidedly challenging macroeconomic environment.If you’re considering taking a position in Alibaba, you’ll want to give the risk factors above a good hard mulling over. To my mind, BABA stock is a good value, because the stock is cheap and the company has a good competitive position. But a stock facing this many risk factors isn’t for everyone. It has been a volatile ride so far, and probably will be for the foreseeable future.As for me, I plan to continue holding BABA. For an investor with a long time horizon, there are few better deals in the market today. A lot of people in this market speak of Meta Platforms, Inc. (FB) as a value stock, yet its multiples areall higher than BABA’sdespite it having slower revenue growth. Alibaba is the kind of rock bottom bargain you rarely see anywhere other than China, which is why I remain long this stock despite all of the risk factors it faces.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949103627,"gmtCreate":1678408957969,"gmtModify":1678408963052,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949103627","repostId":"2318144672","repostType":4,"repost":{"id":"2318144672","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1678405175,"share":"https://ttm.financial/m/news/2318144672?lang=&edition=fundamental","pubTime":"2023-03-10 07:39","market":"us","language":"en","title":"10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle","url":"https://stock-news.laohu8.com/highlight/detail?id=2318144672","media":"Dow Jones","summary":"Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a diluti","content":"<html><head></head><body><p>Silicon Valley Bank wasn&#39;t well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f5e8ba412e8cbf1ba4fa5109b40f669\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"/><span>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.</span></p><p>As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.</p><p>Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.</p><p>On March 8, <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.</p><p>The bank said it was repositioning to &#34;increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin <a href=\"https://laohu8.com/S/NIM\">$(NIM)$</a>, and enhance profitability.&#34;</p><p>In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders&#39; ownership positions resulted in the company&#39;s shares sliding as much as 62% on March 9.</p><p>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.</p><p>See Tomi Kilgore&#39;s coverage for more details on SVB&#39;s offerings, the securities sale and reaction.</p><h2>Red margin flags</h2><p>Before SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn&#39;t well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.</p><p>A bank&#39;s net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here&#39;s how the NIM moved for SVB Financial over the past year:</p><p><img src=\"https://static.tigerbbs.com/d98943297b9bd5d67486342b1fd3756e\" tg-width=\"934\" tg-height=\"206\" width=\"100%\" height=\"auto\"/></p><p>SVB&#39;s net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.</p><p>So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?</p><p>Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.</p><p>A uniform set of net interest margins for the past five quarters isn&#39;t available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.</p><p>By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.</p><p>Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:</p><p><img src=\"https://static.tigerbbs.com/3100df6ee948e46a01606312ff8c7fcd\" tg-width=\"998\" tg-height=\"817\" width=\"100%\" height=\"auto\"/></p><p>SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.</p><h2>Most margin improvement</h2><p>To end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:</p><p><img src=\"https://static.tigerbbs.com/ca6f326e40edb3a68736ec79fd442099\" tg-width=\"999\" tg-height=\"819\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle\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\">2023-03-10 07:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Silicon Valley Bank wasn&#39;t well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f5e8ba412e8cbf1ba4fa5109b40f669\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"/><span>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.</span></p><p>As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.</p><p>Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.</p><p>On March 8, <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.</p><p>The bank said it was repositioning to &#34;increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin <a href=\"https://laohu8.com/S/NIM\">$(NIM)$</a>, and enhance profitability.&#34;</p><p>In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders&#39; ownership positions resulted in the company&#39;s shares sliding as much as 62% on March 9.</p><p>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.</p><p>See Tomi Kilgore&#39;s coverage for more details on SVB&#39;s offerings, the securities sale and reaction.</p><h2>Red margin flags</h2><p>Before SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn&#39;t well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.</p><p>A bank&#39;s net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here&#39;s how the NIM moved for SVB Financial over the past year:</p><p><img src=\"https://static.tigerbbs.com/d98943297b9bd5d67486342b1fd3756e\" tg-width=\"934\" tg-height=\"206\" width=\"100%\" height=\"auto\"/></p><p>SVB&#39;s net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.</p><p>So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?</p><p>Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.</p><p>A uniform set of net interest margins for the past five quarters isn&#39;t available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.</p><p>By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.</p><p>Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:</p><p><img src=\"https://static.tigerbbs.com/3100df6ee948e46a01606312ff8c7fcd\" tg-width=\"998\" tg-height=\"817\" width=\"100%\" height=\"auto\"/></p><p>SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.</p><h2>Most margin improvement</h2><p>To end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:</p><p><img src=\"https://static.tigerbbs.com/ca6f326e40edb3a68736ec79fd442099\" tg-width=\"999\" tg-height=\"819\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ALLY":"Ally Financial Inc.","BK4588":"碎股","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4211":"区域性银行","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","GS":"高盛","CMA":"联信银行","BK4195":"互助储蓄与抵押信贷金融服务","BK4548":"巴美列捷福持仓","LU1861217088.USD":"贝莱德金融科技A2","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4561":"索罗斯持仓","CUBI":"Customers Bancorp Inc.","BK4166":"消费信贷","BK4585":"ETF&股票定投概念","JPM":"摩根大通"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318144672","content_text":"Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.On March 8, SVB Financial Group (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.The bank said it was repositioning to \"increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin $(NIM)$, and enhance profitability.\"In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders' ownership positions resulted in the company's shares sliding as much as 62% on March 9.The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.See Tomi Kilgore's coverage for more details on SVB's offerings, the securities sale and reaction.Red margin flagsBefore SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn't well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.A bank's net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here's how the NIM moved for SVB Financial over the past year:SVB's net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.A uniform set of net interest margins for the past five quarters isn't available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.Most margin improvementTo end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940304860,"gmtCreate":1677678676450,"gmtModify":1677678680243,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"[Cool]&nbsp;[Cool]&nbsp;","listText":"[Cool]&nbsp;[Cool]&nbsp;","text":"[Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940304860","repostId":"1188469018","repostType":4,"repost":{"id":"1188469018","kind":"news","pubTimestamp":1677684099,"share":"https://ttm.financial/m/news/1188469018?lang=&edition=fundamental","pubTime":"2023-03-01 23:21","market":"us","language":"en","title":"Tesla’s $310 Billion Surge Sets High Bar for Elon Musk’s Master Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1188469018","media":"Bloomberg","summary":"Tesla’s stock tends to do well when the electric-car maker is growing like gangbusters and Elon Musk","content":"<html><head></head><body><p>Tesla’s stock tends to do well when the electric-car maker is growing like gangbusters and Elon Musk is thrilling fans about a brighter future.</p><p>The chief executive officer has shaken off a forgettable 2022 of slower expansion and Twitter diversion by slashing prices and scheduling another showcase of Tesla’s outlook for the next few years. The moves have worked, at least for the time being. Demand picked back up after Tesla discounted models across its lineup by as much as 20%, and the Musk faithful are frenzied about the master plan he’ll deliver Wednesday at the company’s factory in Austin, Texas.</p><p>Tesla shares have soared from the two-year low they plumbed in early January, adding roughly $310 billion of market value and returning Musk to the top of the Bloomberg Billionaires Index. Never mind that the CEO has warned he may sacrifice profits for volume, or that the company hasn’t accomplished most of what was in his last blueprint of Tesla’s prospects.</p><p>Prophesizing the next move of a man who, in the last day and a half, has posted about fentanyl crossing the US border, ending the war in Ukraine, Berkshire Hathaway being “high on Coke” and humans occupying the moon, is a fool’s errand. Nevertheless, here’s a preview of what’s to come:</p><h3>Master Plan Part Trois</h3><p>Musk has spent at least 11 months crafting his third Tesla manifesto. The first effectively introduced the company to the world way back in 2006, and part deux was the CEO’s best attempt at justifying an acquisition he later regretted. In the latter plan, he teased a solar roof product that’s been a disappointment, and self-driving capability and robotaxis that remain elusive.</p><p>For his next promulgation, Musk will detail “the path to a fully sustainable energy future for Earth.” While he predicted back in 2019 that Tesla’s energy business will match or exceed the size of its car business eventually, the company has derived 88% of its revenue from automotive operations each of the last two years.</p><h3><img src=\"https://static.tigerbbs.com/e5034e856a8b9899f55bce5019af702f\" tg-width=\"730\" tg-height=\"415\" referrerpolicy=\"no-referrer\"/>A Cheaper Tesla</h3><p>Musk said more than two years ago that battery innovations Tesla was working on would enable the company to make a $25,000 electric vehicle.</p><p>This seems to have been somewhat of an on-again, off-again pursuit. The CEO told investors in January 2022 that the company wasn’t working on the car, then said nine months later that a next-generation platform that will cost roughly half what the Model 3 does to build was “the primary focus of our new-vehicle development team.”</p><p>The earliest Tesla may be able to produce a model off this platform in volume is 2025, Toni Sacconaghi, a Bernstein analyst with the equivalent of a sell rating on the stock, wrote in a Feb. 22 report. The company launched the Roadster, Model S, Model X and Semi behind schedule, and it has yet to deliver the Cybertruck unveiled more than three years ago.</p><p>Musk joked last week that Tesla specializes in “making the impossible merely late.”</p><h3>Batteries</h3><p>Another ambition Musk has had trouble following through with is producing batteries in-house.</p><p>Tesla has long wanted to supplement supply from the likes of Japan’s Panasonic and China’s CATL with its own cells that are 46 millimeters in diameter and 80 millimeters long — hence, they’re often referred to as 4680s.</p><p>Ramping up output of its own thicker, more voluminous cells will be key to supporting higher production of both EVs and energy products. The latter include Powerwall battery systems for home energy storage and the Megapack for commercial customers.</p><p>Laying out plans to scale the battery business also could mean Musk fleshes out more of his strategy for sourcing raw materials. The CEO has already confirmed plans to refine lithium in Texas, and Tesla has been mulling a takeover of miner Sigma Lithium, Bloomberg reported last month.</p><h3>Autonomy</h3><p>Musk wrote in 2016 that all Teslas were about to have the hardware necessary to navigate streets on their own. The company has since changed the equipment in its cars multiple times, requiring retrofits that Musk said would be free, then charged $1,000 to carry out. Tesla pivoted from using radar years after the CEO said such sensors may have prevented a fatal crash, and now may use them again.</p><p>Recently, Musk has been teasing a dedicated robotaxi, casting doubt on whether models already on the road will ever be able to autonomously pick up passengers and earn their owners $30,000 a year, as he claimed back in 2019.</p><p><img src=\"https://static.tigerbbs.com/7f6db6e838045b0a95b3cc297ad1684b\" tg-width=\"800\" tg-height=\"458\" referrerpolicy=\"no-referrer\"/>In January, Musk said Tesla is planning several more hardware iterations and will cease retrofits, risking the wrath of customers who’ve paid as much as $15,000 for what the company calls Full Self-Driving, or FSD. Tesla’s rollout of that feature — which supports drivers who are responsible for operating their car at all times — is on pause due to a recall of almost 363,000 vehicles.</p><p>Musk will want to choose his words carefully if he decides to broach this subject at another investor day. The US Justice Department has asked Tesla for documents related to Tesla’s Autopilot and FSD features, and Bloomberg has reported the Securities and Exchange Commission is investigating his role in shaping the company’s self-driving car claims.</p><h3>Factories</h3><p>Tesla has four car factories — in California, Texas, China and Germany — that it’s said have the capacity to make more than 1.9 million vehicles a year. Musk set a moonshot goal to sell 20 million EVs a year by the end of the decade, which would require a whole lot more plants.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/256e074da91540434f37b966dedb19be\" tg-width=\"800\" tg-height=\"615\" referrerpolicy=\"no-referrer\"/><span>Tesla Model Ys at the automaker&#39;s factory outside Berlin.</span></p><p>Tesla has started pilot production of Semi trucks in Nevada at the battery factory it’s expanding as part of a $3.6 billion investment announced in January. On Tuesday, Mexico President President Andres Manuel Lopez Obrador said the company will build a new plant in Monterrey.</p><p>Indonesia President Joko Widodo and members of his administration also have said they’ve been in talks with Tesla about the carmaker constructing a factory in the Southeast Asian nation home to key battery metals.</p><h3>All in the Family</h3><p>Musk tweeted a year ago that his third master plan would include some details about two of his other companies, SpaceX and The Boring Company.</p><p>Though there’s not a whole lot of overlap between making electric cars and launching rockets, there could be opportunities for Tesla’s cars and charging stations to leverage SpaceX’s satellite internet service Starlink. The Boring Company uses Teslas in its Las Vegas tunnels.</p><p>While Musk has mused about creating a parent corporation for Tesla and SpaceX going back at least a decade, he cautioned last year that creating one would be tricky because of the differences in the investor bases of his various businesses. A week later, he set up a trio of holding companies as part of his bid to acquire Twitter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla’s $310 Billion Surge Sets High Bar for Elon Musk’s Master Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s $310 Billion Surge Sets High Bar for Elon Musk’s Master Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-01 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-01/tesla-stock-raises-bar-for-elon-musk-s-master-plan-investor-day?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla’s stock tends to do well when the electric-car maker is growing like gangbusters and Elon Musk is thrilling fans about a brighter future.The chief executive officer has shaken off a forgettable ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-01/tesla-stock-raises-bar-for-elon-musk-s-master-plan-investor-day?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-01/tesla-stock-raises-bar-for-elon-musk-s-master-plan-investor-day?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188469018","content_text":"Tesla’s stock tends to do well when the electric-car maker is growing like gangbusters and Elon Musk is thrilling fans about a brighter future.The chief executive officer has shaken off a forgettable 2022 of slower expansion and Twitter diversion by slashing prices and scheduling another showcase of Tesla’s outlook for the next few years. The moves have worked, at least for the time being. Demand picked back up after Tesla discounted models across its lineup by as much as 20%, and the Musk faithful are frenzied about the master plan he’ll deliver Wednesday at the company’s factory in Austin, Texas.Tesla shares have soared from the two-year low they plumbed in early January, adding roughly $310 billion of market value and returning Musk to the top of the Bloomberg Billionaires Index. Never mind that the CEO has warned he may sacrifice profits for volume, or that the company hasn’t accomplished most of what was in his last blueprint of Tesla’s prospects.Prophesizing the next move of a man who, in the last day and a half, has posted about fentanyl crossing the US border, ending the war in Ukraine, Berkshire Hathaway being “high on Coke” and humans occupying the moon, is a fool’s errand. Nevertheless, here’s a preview of what’s to come:Master Plan Part TroisMusk has spent at least 11 months crafting his third Tesla manifesto. The first effectively introduced the company to the world way back in 2006, and part deux was the CEO’s best attempt at justifying an acquisition he later regretted. In the latter plan, he teased a solar roof product that’s been a disappointment, and self-driving capability and robotaxis that remain elusive.For his next promulgation, Musk will detail “the path to a fully sustainable energy future for Earth.” While he predicted back in 2019 that Tesla’s energy business will match or exceed the size of its car business eventually, the company has derived 88% of its revenue from automotive operations each of the last two years.A Cheaper TeslaMusk said more than two years ago that battery innovations Tesla was working on would enable the company to make a $25,000 electric vehicle.This seems to have been somewhat of an on-again, off-again pursuit. The CEO told investors in January 2022 that the company wasn’t working on the car, then said nine months later that a next-generation platform that will cost roughly half what the Model 3 does to build was “the primary focus of our new-vehicle development team.”The earliest Tesla may be able to produce a model off this platform in volume is 2025, Toni Sacconaghi, a Bernstein analyst with the equivalent of a sell rating on the stock, wrote in a Feb. 22 report. The company launched the Roadster, Model S, Model X and Semi behind schedule, and it has yet to deliver the Cybertruck unveiled more than three years ago.Musk joked last week that Tesla specializes in “making the impossible merely late.”BatteriesAnother ambition Musk has had trouble following through with is producing batteries in-house.Tesla has long wanted to supplement supply from the likes of Japan’s Panasonic and China’s CATL with its own cells that are 46 millimeters in diameter and 80 millimeters long — hence, they’re often referred to as 4680s.Ramping up output of its own thicker, more voluminous cells will be key to supporting higher production of both EVs and energy products. The latter include Powerwall battery systems for home energy storage and the Megapack for commercial customers.Laying out plans to scale the battery business also could mean Musk fleshes out more of his strategy for sourcing raw materials. The CEO has already confirmed plans to refine lithium in Texas, and Tesla has been mulling a takeover of miner Sigma Lithium, Bloomberg reported last month.AutonomyMusk wrote in 2016 that all Teslas were about to have the hardware necessary to navigate streets on their own. The company has since changed the equipment in its cars multiple times, requiring retrofits that Musk said would be free, then charged $1,000 to carry out. Tesla pivoted from using radar years after the CEO said such sensors may have prevented a fatal crash, and now may use them again.Recently, Musk has been teasing a dedicated robotaxi, casting doubt on whether models already on the road will ever be able to autonomously pick up passengers and earn their owners $30,000 a year, as he claimed back in 2019.In January, Musk said Tesla is planning several more hardware iterations and will cease retrofits, risking the wrath of customers who’ve paid as much as $15,000 for what the company calls Full Self-Driving, or FSD. Tesla’s rollout of that feature — which supports drivers who are responsible for operating their car at all times — is on pause due to a recall of almost 363,000 vehicles.Musk will want to choose his words carefully if he decides to broach this subject at another investor day. The US Justice Department has asked Tesla for documents related to Tesla’s Autopilot and FSD features, and Bloomberg has reported the Securities and Exchange Commission is investigating his role in shaping the company’s self-driving car claims.FactoriesTesla has four car factories — in California, Texas, China and Germany — that it’s said have the capacity to make more than 1.9 million vehicles a year. Musk set a moonshot goal to sell 20 million EVs a year by the end of the decade, which would require a whole lot more plants.Tesla Model Ys at the automaker's factory outside Berlin.Tesla has started pilot production of Semi trucks in Nevada at the battery factory it’s expanding as part of a $3.6 billion investment announced in January. On Tuesday, Mexico President President Andres Manuel Lopez Obrador said the company will build a new plant in Monterrey.Indonesia President Joko Widodo and members of his administration also have said they’ve been in talks with Tesla about the carmaker constructing a factory in the Southeast Asian nation home to key battery metals.All in the FamilyMusk tweeted a year ago that his third master plan would include some details about two of his other companies, SpaceX and The Boring Company.Though there’s not a whole lot of overlap between making electric cars and launching rockets, there could be opportunities for Tesla’s cars and charging stations to leverage SpaceX’s satellite internet service Starlink. The Boring Company uses Teslas in its Las Vegas tunnels.While Musk has mused about creating a parent corporation for Tesla and SpaceX going back at least a decade, he cautioned last year that creating one would be tricky because of the differences in the investor bases of his various businesses. A week later, he set up a trio of holding companies as part of his bid to acquire Twitter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957470720,"gmtCreate":1677515581461,"gmtModify":1677515585538,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Thanks 🙏&nbsp;","listText":"Thanks 🙏&nbsp;","text":"Thanks 🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957470720","repostId":"2314537144","repostType":4,"repost":{"id":"2314537144","kind":"highlight","pubTimestamp":1677511636,"share":"https://ttm.financial/m/news/2314537144?lang=&edition=fundamental","pubTime":"2023-02-27 23:27","market":"us","language":"en","title":"A New Bull Market Is in Sight: 3 Stocks to Buy Sooner Rather Than Later","url":"https://stock-news.laohu8.com/highlight/detail?id=2314537144","media":"Motley Fool","summary":"All three of these stocks have impressive growth prospects.","content":"<html><head></head><body><p>There&#39;s something special about two percentages -- 8% and 9%. They&#39;re how much the <b>Nasdaq Composite Index</b> and <b>S&amp;P 500</b>, respectively, need to climb to reach bull market territory. The <b>Dow Jones Industrial Average</b> only needs to rise another 5% or so.</p><p>The gaps might not be easy to close, but a new bull market is in sight. Smart investors will prepare accordingly. Here are three stocks to buy sooner rather than later.</p><h2>1. <a href=\"https://laohu8.com/S/AMZN\">Amazon</a></h2><p><b>Amazon</b>&#39;s share price is still nearly 50% below the previous high despite rising by a double-digit percentage year to date. The last time the stock was beaten down so much (back in 2008), it delivered a gain of more than 40x over the next 10 years.</p><p>With the company&#39;s market cap now close to $1 trillion, don&#39;t bet on a repeat performance. However, Amazon appears to be a bargain at its current price. Noted value investor Bill Miller said last month that he thinks the stock should rebound strongly. He added that he views Amazon as &#34;one of the easiest names in the market right now.&#34; The consensus Wall Street price target for the stock reflects an upside potential of more than 40%.</p><p>One key reason to be bullish about Amazon over the near term is that its profits and free cash flow should increase. That&#39;s because the company has cut costs and continues to streamline operations. This should especially help when inflation moderates, which should lead to more robust revenue growth.</p><p>But there&#39;s even more reason for enthusiasm about Amazon&#39;s long-term prospects. In particular, the company&#39;s Amazon Web Services unit has a massive growth opportunity as organizations shift their IT spending to the cloud. A surge in AI-powered apps should also fuel this growth.</p><h2>2. <a href=\"https://laohu8.com/S/AXSM\">Axsome Therapeutics</a></h2><p><b>Axsome Therapeutics</b> is off to a poor start in 2023 after the biotech stock more than doubled last year. However, the current pullback presents a great buying opportunity.</p><p>The company&#39;s prospects haven&#39;t diminished one bit. Auvelity, which won U.S. Food and Drug Administration (FDA) approval in August 2022 for treating major depressive disorder, continues to gain momentum. Axsome acquired worldwide commercialization rights to sleep-disorder drug Sunosi from <b>Jazz Pharmaceuticals</b>. It&#39;s marketing the drug in the U.S. and licensed European marketing rights to Pharmanovia.</p><p>Axsome also has several potential catalysts on the way. It expects to submit for FDA approvals of AXS-07 in treating migraine and AXS-14 in treating fibromyalgia later this year. The company should report results from a late-stage clinical study evaluating experimental drug AXS-12 in treating narcolepsy in 2023 as well.</p><p>Analysts think that Auvelity could achieve peak annual sales of in the ballpark of $1.8 billion. AXS-07 also has the potential to be a blockbuster. These two drugs alone make Axsome&#39;s valuation look attractive with the company&#39;s current market cap of $2.7 billion.</p><h2>3. <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></h2><p><b>MercadoLibre</b> (MELI 1.81%) is the biggest winner of these three stocks so far this year. The Latin American e-commerce and fintech stock is up more than 35%. I think it has plenty of room to run and just might hit its all-time high in 2023.</p><p>E-commerce is MercadoLibre&#39;s biggest moneymaker. Since 2019, the company has increased its gross merchandise volume by 2.5x. It continues to perform especially well in Brazil and Mexico. MercadoLibre&#39;s e-commerce platform also helps it gain business in other areas, notably including logistics and advertising.</p><p>I&#39;m even more bullish about the company&#39;s Mercado Pago fintech business. Fintech revenue has increased by nearly 5x over the last three years. Mercado Pago now has nearly 44 million unique active users. It still has huge growth potential in Mexico and Chile as well as in serving larger merchants in Brazil.</p><h2>What if the bear market continues?</h2><p>My view is that Amazon, Axsome, and MercadoLibre will soar if a new bull market begins. But what if the bear market continues? I think that Axsome stock should perform well either way. Amazon and MercadoLibre could have a harder time if an economic downturn causes the overall stock market to fall. However, all three of these stocks should deliver market-beating returns over the long run.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A New Bull Market Is in Sight: 3 Stocks to Buy Sooner Rather Than Later</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\">\nA New Bull Market Is in Sight: 3 Stocks to Buy Sooner Rather Than Later\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-27 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/02/27/a-new-bull-market-is-in-sight-3-stocks-to-buy-soon/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's something special about two percentages -- 8% and 9%. They're how much the Nasdaq Composite Index and S&P 500, respectively, need to climb to reach bull market territory. The Dow Jones ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/02/27/a-new-bull-market-is-in-sight-3-stocks-to-buy-soon/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AXSM":"Axsome Therapeutics, Inc.","BK4570":"地缘局势概念股","AMZN":"亚马逊","BK4017":"黄金","MELI":"MercadoLibre"},"source_url":"https://www.fool.com/investing/2023/02/27/a-new-bull-market-is-in-sight-3-stocks-to-buy-soon/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314537144","content_text":"There's something special about two percentages -- 8% and 9%. They're how much the Nasdaq Composite Index and S&P 500, respectively, need to climb to reach bull market territory. The Dow Jones Industrial Average only needs to rise another 5% or so.The gaps might not be easy to close, but a new bull market is in sight. Smart investors will prepare accordingly. Here are three stocks to buy sooner rather than later.1. AmazonAmazon's share price is still nearly 50% below the previous high despite rising by a double-digit percentage year to date. The last time the stock was beaten down so much (back in 2008), it delivered a gain of more than 40x over the next 10 years.With the company's market cap now close to $1 trillion, don't bet on a repeat performance. However, Amazon appears to be a bargain at its current price. Noted value investor Bill Miller said last month that he thinks the stock should rebound strongly. He added that he views Amazon as \"one of the easiest names in the market right now.\" The consensus Wall Street price target for the stock reflects an upside potential of more than 40%.One key reason to be bullish about Amazon over the near term is that its profits and free cash flow should increase. That's because the company has cut costs and continues to streamline operations. This should especially help when inflation moderates, which should lead to more robust revenue growth.But there's even more reason for enthusiasm about Amazon's long-term prospects. In particular, the company's Amazon Web Services unit has a massive growth opportunity as organizations shift their IT spending to the cloud. A surge in AI-powered apps should also fuel this growth.2. Axsome TherapeuticsAxsome Therapeutics is off to a poor start in 2023 after the biotech stock more than doubled last year. However, the current pullback presents a great buying opportunity.The company's prospects haven't diminished one bit. Auvelity, which won U.S. Food and Drug Administration (FDA) approval in August 2022 for treating major depressive disorder, continues to gain momentum. Axsome acquired worldwide commercialization rights to sleep-disorder drug Sunosi from Jazz Pharmaceuticals. It's marketing the drug in the U.S. and licensed European marketing rights to Pharmanovia.Axsome also has several potential catalysts on the way. It expects to submit for FDA approvals of AXS-07 in treating migraine and AXS-14 in treating fibromyalgia later this year. The company should report results from a late-stage clinical study evaluating experimental drug AXS-12 in treating narcolepsy in 2023 as well.Analysts think that Auvelity could achieve peak annual sales of in the ballpark of $1.8 billion. AXS-07 also has the potential to be a blockbuster. These two drugs alone make Axsome's valuation look attractive with the company's current market cap of $2.7 billion.3. MercadoLibreMercadoLibre (MELI 1.81%) is the biggest winner of these three stocks so far this year. The Latin American e-commerce and fintech stock is up more than 35%. I think it has plenty of room to run and just might hit its all-time high in 2023.E-commerce is MercadoLibre's biggest moneymaker. Since 2019, the company has increased its gross merchandise volume by 2.5x. It continues to perform especially well in Brazil and Mexico. MercadoLibre's e-commerce platform also helps it gain business in other areas, notably including logistics and advertising.I'm even more bullish about the company's Mercado Pago fintech business. Fintech revenue has increased by nearly 5x over the last three years. Mercado Pago now has nearly 44 million unique active users. It still has huge growth potential in Mexico and Chile as well as in serving larger merchants in Brazil.What if the bear market continues?My view is that Amazon, Axsome, and MercadoLibre will soar if a new bull market begins. But what if the bear market continues? I think that Axsome stock should perform well either way. Amazon and MercadoLibre could have a harder time if an economic downturn causes the overall stock market to fall. However, all three of these stocks should deliver market-beating returns over the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966449237,"gmtCreate":1669625995530,"gmtModify":1676538215346,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966449237","repostId":"2286817995","repostType":4,"repost":{"id":"2286817995","kind":"highlight","pubTimestamp":1669650309,"share":"https://ttm.financial/m/news/2286817995?lang=&edition=fundamental","pubTime":"2022-11-28 23:45","market":"us","language":"en","title":"Is Sea Limited Stock Still a Buy After Jumping 36%?","url":"https://stock-news.laohu8.com/highlight/detail?id=2286817995","media":"Motley Fool","summary":"Investors should look beyond a few days of market reaction when making investing decisions.","content":"<html><head></head><body><p>KEY POINTS</p><ul><li>Sea&#39;s third-quarter earnings report was similar to recent results.</li><li>But management is making a pivot toward achieving profitability.</li><li>The stock is attractive for patient believers in Sea&#39;s long-term potential.</li></ul><p><a href=\"https://laohu8.com/S/SE\">Sea Limited</a> has been a winning investment since its debut on the public markets in 2017, returning 229% compared to the S&amp;P 500&#39;s 57%. It has also been a volatile stock, and large price swings have not been uncommon.</p><p>In a recent example, Sea&#39;s Q3 of 2022 delighted Wall Street and shares popped 36% the day after the report. Even with some backsliding in the days since, the stock is still up 17% post-earnings.</p><p>For investors who have been considering buying shares, this sudden share price appreciation may make it seem like the opportunity has been missed. I don&#39;t believe that&#39;s the case at all. Let&#39;s dig in and see why.</p><h3>Taking the long view</h3><p>The recent price pop may be intimidating to investors considering buying shares, but a step back shows that even with the post-earnings jump, Sea Limited has had a rough go of it recently.</p><p><img src=\"https://static.tigerbbs.com/0ea7ff33fc27282c38918da1feea628f\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>SE data by YCharts</p><p>As this chart shows, while Sea has beaten the market over the long term, it&#39;s been a wild ride and shares are down drastically since late 2021. In fact, as of this writing, Sea&#39;s stock is down 85% off its high. It&#39;s important to understand that this drop includes the recent stock pop.</p><h3>But how has the business done?</h3><p>Sea Limited operates in three segments, and put simply the company is the preeminent gaming, e-commerce, and fintech company in Southeast Asia. During the market bull run that followed the COVID-19 crash of early 2020, Sea caught investors&#39; attention with its regular triple-digit revenue growth, which helped drive the parabolic share appreciation.</p><p>However, at the same time, Sea was unprofitable and mostly free-cash-flow negative. While this is not uncommon for businesses that are in growth mode, the market began to sour on Sea once the revenue growth slowed.</p><p>What&#39;s interesting about the recently reported Q3 is that the results weren&#39;t overly impressive. Revenue increased 17% year over year and the net loss was $569 million, a slight improvement from a loss of $573 million in Q3 of 2021.</p><p>In fact, while revenue has grown, Sea has seen increasing net losses and continued cash burn over the past three years. The fact that this quarter caused such a share jump is curious considering the report was essentially more of the same.</p><p><img src=\"https://static.tigerbbs.com/ef69d4e555394ff727b39835f70afa9d\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>SE Revenue (TTM) data by YCharts</p><h3>Is the earning jump a signal or noise?</h3><p>So what caused the pop after earnings? Part of the reaction was likely that the company beat analyst guidance on the top and bottom lines, but more likely it was due to management&#39;s commentary on the earnings call.</p><p>As mentioned above, Sea hasn&#39;t made any meaningful progress toward profitability despite impressive revenue growth over several years. According to Sea&#39;s CEO Forrest Li, that could change in the coming quarters.</p><p>Citing the changing macroeconomic environment and his company&#39;s need to adapt in order to survive, Li said, &#34;We have entirely shifted our mindset and focus from growth, to achieving self-sufficiency and profitability as soon as possible without relying on any external funding.&#34;</p><p>While no definite timelines were provided by management, there have been reports of layoffs over the past six months, and the management team will be forgoing salaries until the company reaches self-sufficiency.</p><h3>Is Sea a buy right now?</h3><p>For investors who believe in the long-term potential of Sea&#39;s business segments, a focus on profitability could be good news for long-term shareholder returns. Additionally, from a valuation standpoint, now could be a great time to buy shares and see if that thesis plays out. Sea&#39;s current price-to-sales ratio is 2.5, only slightly above its all-time low of 1.9. That said, the path to profitability could take some time, so it may be worth giving Sea several quarters to prove it can walk the walk.</p><p>Bottom line, the recent 36% stock jump should not play into any investor&#39;s decision about buying shares. Any investing decision should be made based on Sea&#39; future potential and the price paid relative to that potential.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Sea Limited Stock Still a Buy After Jumping 36%?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Sea Limited Stock Still a Buy After Jumping 36%?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 23:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/27/is-sea-limited-stock-still-a-buy-after-jumping-36/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSea's third-quarter earnings report was similar to recent results.But management is making a pivot toward achieving profitability.The stock is attractive for patient believers in Sea's long-...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/27/is-sea-limited-stock-still-a-buy-after-jumping-36/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.fool.com/investing/2022/11/27/is-sea-limited-stock-still-a-buy-after-jumping-36/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2286817995","content_text":"KEY POINTSSea's third-quarter earnings report was similar to recent results.But management is making a pivot toward achieving profitability.The stock is attractive for patient believers in Sea's long-term potential.Sea Limited has been a winning investment since its debut on the public markets in 2017, returning 229% compared to the S&P 500's 57%. It has also been a volatile stock, and large price swings have not been uncommon.In a recent example, Sea's Q3 of 2022 delighted Wall Street and shares popped 36% the day after the report. Even with some backsliding in the days since, the stock is still up 17% post-earnings.For investors who have been considering buying shares, this sudden share price appreciation may make it seem like the opportunity has been missed. I don't believe that's the case at all. Let's dig in and see why.Taking the long viewThe recent price pop may be intimidating to investors considering buying shares, but a step back shows that even with the post-earnings jump, Sea Limited has had a rough go of it recently.SE data by YChartsAs this chart shows, while Sea has beaten the market over the long term, it's been a wild ride and shares are down drastically since late 2021. In fact, as of this writing, Sea's stock is down 85% off its high. It's important to understand that this drop includes the recent stock pop.But how has the business done?Sea Limited operates in three segments, and put simply the company is the preeminent gaming, e-commerce, and fintech company in Southeast Asia. During the market bull run that followed the COVID-19 crash of early 2020, Sea caught investors' attention with its regular triple-digit revenue growth, which helped drive the parabolic share appreciation.However, at the same time, Sea was unprofitable and mostly free-cash-flow negative. While this is not uncommon for businesses that are in growth mode, the market began to sour on Sea once the revenue growth slowed.What's interesting about the recently reported Q3 is that the results weren't overly impressive. Revenue increased 17% year over year and the net loss was $569 million, a slight improvement from a loss of $573 million in Q3 of 2021.In fact, while revenue has grown, Sea has seen increasing net losses and continued cash burn over the past three years. The fact that this quarter caused such a share jump is curious considering the report was essentially more of the same.SE Revenue (TTM) data by YChartsIs the earning jump a signal or noise?So what caused the pop after earnings? Part of the reaction was likely that the company beat analyst guidance on the top and bottom lines, but more likely it was due to management's commentary on the earnings call.As mentioned above, Sea hasn't made any meaningful progress toward profitability despite impressive revenue growth over several years. According to Sea's CEO Forrest Li, that could change in the coming quarters.Citing the changing macroeconomic environment and his company's need to adapt in order to survive, Li said, \"We have entirely shifted our mindset and focus from growth, to achieving self-sufficiency and profitability as soon as possible without relying on any external funding.\"While no definite timelines were provided by management, there have been reports of layoffs over the past six months, and the management team will be forgoing salaries until the company reaches self-sufficiency.Is Sea a buy right now?For investors who believe in the long-term potential of Sea's business segments, a focus on profitability could be good news for long-term shareholder returns. Additionally, from a valuation standpoint, now could be a great time to buy shares and see if that thesis plays out. Sea's current price-to-sales ratio is 2.5, only slightly above its all-time low of 1.9. That said, the path to profitability could take some time, so it may be worth giving Sea several quarters to prove it can walk the walk.Bottom line, the recent 36% stock jump should not play into any investor's decision about buying shares. Any investing decision should be made based on Sea' future potential and the price paid relative to that potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}