+Follow
Killerfool
No personal profile
4
Follow
1
Followers
0
Topic
0
Badge
Posts
Hot
Killerfool
2021-09-03
Ok like pls
Can Tesla Stock Reach $1000 As Momentum Returns?
Killerfool
2022-08-03
$AMTD International(AMTD)$
10k
Killerfool
2021-09-03
?? like
DraftKings, Caesars and Penn National -- here's how sports-betting stocks performed in August
Killerfool
2021-08-31
To the moon???
S&P, Nasdaq end at record highs as dovish Fed taper-talk calms investors
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4087523202190180","uuid":"4087523202190180","gmtCreate":1624420139365,"gmtModify":1624420139365,"name":"Killerfool","pinyin":"killerfool","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":4,"tweetSize":4,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.20","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.73%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.06","exceedPercentage":"93.54%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":9906863445,"gmtCreate":1659516834990,"gmtModify":1705981191065,"author":{"id":"4087523202190180","authorId":"4087523202190180","name":"Killerfool","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523202190180","authorIdStr":"4087523202190180"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMTD\">$AMTD International(AMTD)$</a>10k","listText":"<a href=\"https://ttm.financial/S/AMTD\">$AMTD International(AMTD)$</a>10k","text":"$AMTD International(AMTD)$10k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906863445","isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815802238,"gmtCreate":1630662006324,"gmtModify":1676530369376,"author":{"id":"4087523202190180","authorId":"4087523202190180","name":"Killerfool","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523202190180","authorIdStr":"4087523202190180"},"themes":[],"htmlText":"Ok like pls","listText":"Ok like pls","text":"Ok like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815802238","repostId":"1168724079","repostType":4,"repost":{"id":"1168724079","pubTimestamp":1630658701,"share":"https://ttm.financial/m/news/1168724079?lang=&edition=fundamental","pubTime":"2021-09-03 16:45","market":"us","language":"en","title":"Can Tesla Stock Reach $1000 As Momentum Returns?","url":"https://stock-news.laohu8.com/highlight/detail?id=1168724079","media":"seekingalpha","summary":"Tesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.Investors should move on to using EBIT multiples to value the stock given the company's strong expected EBIT growth momentum moving forward.Some investors often missed out on momentum as one of the key factors driving Tesla's stock price, leading them to adopt a surprisingly bearish stance.Tesla, Inc. receives one of the highest coverage by the Stree","content":"<h3>Summary</h3>\n<ul>\n <li>Tesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.</li>\n <li>Investors should move on to using EBIT multiples to value the stock given the company's strong expected EBIT growth momentum moving forward.</li>\n <li>Some investors often missed out on momentum as one of the key factors driving Tesla's stock price, leading them to adopt a surprisingly bearish stance.</li>\n <li>While no one has a crystal ball, we show investors what they should consider on whether the stock can reach the $1,000 milestone.</li>\n</ul>\n<h3>Investment Thesis</h3>\n<p>Tesla, Inc. (TSLA) receives one of the highest coverage by the Street as 33 analysts pitched in with their thesis on Tesla, which we think is arguably one of the most contentious stocks in the US with a target price that has found little agreement as the Street's best minds derived a wide target price range from $540 to $860, including 14 very bullish/bullish ratings, 12 neutral ratings, and 7 very bearish/bearish ones.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54d68b6642f907ee5d81c7bc996b636d\" tg-width=\"640\" tg-height=\"324\" referrerpolicy=\"no-referrer\"><span>Street's mean target price and ratings. Data source: Seeking Alpha Premium</span></p>\n<p>In case we forgot to mention, Ark Invest's super Tesla bull CEO/CIO Cathie Wood recently defended her thesis on Tesla and even emphasized that she didn't see any bubble forming in Tesla's case as the Street's indecisiveness on the company (which is also reflected in the neutral rating above) reflected the market's uncertain position where she believes is conducive for Tesla to climb the wall of worry and move towards the firm's2025 target price of $3,000.</p>\n<p>In this article, we help our readers understand whether Tesla stock can reach $1,000 (first) and the key underlying factors to consider to reach the key milestone.</p>\n<p>Before discussing further, in case you are new to Tesla, you may consider reading up on our recent articles on Tesla to help you understand Tesla's business model and market opportunity in greater detail (link to the articles are appendedhereandhere).</p>\n<h3>Tesla Stock Recent Performance</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d78527f2a28bd487dfcfb5765ec5138a\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>TSLA Vs. F Vs. GM 3M performance (as of 02 Sep 21).</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe48fa6769132393855a57b1d6bd422\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>Tesla Vs. VLUE Vs. VUG 3M performance (as of 02 Sep 21).</span></p>\n<p>There is no doubt that Tesla stock has significantly underperformed the broad market in 2021 with a 4.83% YTD return as of 02 Sep 21. However, the stock has been performing well lately, as it notched an 18.6% return over the last 3 months, which significantly outperformed Ford (F) stock -11% return, and General Motors (GM) stock -17.1% return, as the growth-to-value rotation's momentum fizzled out spectacularly, with growth investing regaining center stage among dip buyers as readers can easily observe from Vanguard Growth ETF's (VUG) outperformance against iShares Value Factor ETF (VLUE) in the last 3 months.</p>\n<p>Therefore, with momentum having returned to growth investing and Tesla stock, we think it's an opportune time for us to help investors to consider whether Tesla could be on its way to break its previous post-split all-time high (ATH) of $900 and reach the $1,000 milestone.</p>\n<h3>Focus on Tesla's EBIT Growth</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b6e2fd23dafe3a5ebff061d0bbee412\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Quarterly regulatory credits revenue. Data source: Company filings</span></p>\n<p>Tesla's Q2 numbers rebutted a key criticism that detractors often labeled: that the company depends mainly on regulatory credits to generate its profits. In the recent earnings release, Tesla reported a highly impressive quarterly operating income of $1.36B, representing an impressive YoY increase of 308.3%. Moreover, despite Tesla posting its weakest performance for regulatory credits sales of $354M over the last 5 quarters, which clearly demonstrates that the company is making huge strides in its underlying operating performances as it scales.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c95f5b5e59b532167d0cad3569032ea2\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>LTM EBIT. Data source: S&P Capital IQ</span></p>\n<p>Importantly, the company has steadily improved its EBIT profile as it scales its operations and achieved an LTM EBIT margin of 7.8% on an EBIT of $3.25B.</p>\n<p>Therefore, we think investors must consider how Tesla will grow its EBIT profitability moving forward to understand how to value Tesla appropriately and test the thesis on whether Tesla stock has the valuation foundation to reach the $1,000 milestone.</p>\n<h3>How Fast is Tesla Expected to Grow its EBIT Next?</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/de994736c433e76a039925072a652626\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Street's mean consensus estimates. Data source: S&P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89faa434742b5012620921e2a463b67c\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"><span>Estimates CAGR (FY21 to FY25). Data source: S&P Capital IQ</span></p>\n<p>Readers should be able to easily glean from the above where it's clear that even the \"neutral\" Street analysts expect Tesla's operating performance to continue to shine moving forward as revenue is expected to reach $120.4B by FY25 (which is 17.2% of Ark's $700B FY25 forecast), which would represent an impressive CAGR of 24.4%.</p>\n<p>Furthermore, if investors consider the revenue CAGR of General Motors (5.15%), Toyota (3.14%) (TM), and Volkswagen (4.33%) (OTCPK:VWAGY) over the same period, the Street is certainly expecting Tesla to continue marching forward strongly in its quest to expand its budding electric vehicles (EV) leadership in the automotive market which is undergoing an immense transformation as the legacy automakers are busy preparing for their massive pivot to the EV market in the next few years.</p>\n<p>While we think Tesla's expected revenue CAGR certainly looks impressive, what's even more important is that its EBIT and EBITDA are expected to grow even faster than its revenue, as the CAGR for EBIT and EBITDA is expected to reach 43.8% and 26.7%, respectively.</p>\n<p>Investors who have been used to looking at revenue multiples (EV/Rev or Price/Sales) to value Tesla previously are encouraged to consider valuing Tesla using either EBITDA or EBIT multiples to arrive at meaningful valuation conclusions given the company's expected outperformance in EBIT or EBITDA growth.</p>\n<p>To help our readers to understand how they can look at Tesla using either of these two metrics, in the following section, we would present our valuation model that considers a blended comp set, as well as a comp set that considers Tesla as a Tech company with software as a focus for our readers to make sense of the company's valuation.</p>\n<h3>Making Sense of Tesla's EBIT Multiples</h3>\n<p>We have elected to use EBIT multiples for this discussion. We consider it more meaningful for comparison given Tesla's relatively high CapEx margins, which is expected for an automaker.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4913a49c673db29ea52abfe6b10af357\" tg-width=\"640\" tg-height=\"337\" referrerpolicy=\"no-referrer\"><span>Automotive Blended comps set. Data source: S&P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50e34a70e430f0f41134456e7829e122\" tg-width=\"640\" tg-height=\"340\" referrerpolicy=\"no-referrer\"><span>Software comps set. Data source: S&P Capital IQ</span></p>\n<p>Let us first give a quick introduction to the logic behind both comps sets. The first one is a composite set that comprises some of Tesla's automotive peers. Readers should be able to glean that based on the forward multiples (FY+3 or CY24) of Tesla's pure-play electric peers such as Nio Inc. (NIO) and BYD Company Ltd (OTCPK:BYDDF), Tesla's EV/FY24 EBIT multiple of 64.7x didn't seem unreasonable especially as the company is expected to grow its EBIT much faster and have higher margins than the peers listed in the automotive comps set.</p>\n<p>Next, when we positioned Tesla, Inc. against the leading and emerging software peers, we also didn't find Tesla's CY24 EBIT multiple as excessive either. However, we certainly think it aligns with the peers listed in the comps set as Tesla's EBIT growth rate is impressive. Therefore we think it deserves to be rated in line with emerging software leaders like Palantir (PLTR) or Zoom (ZM), even though its EBIT margins are lower than its software counterparts.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80e148fe9d8306e28b7b149aeceee9d5\" tg-width=\"640\" tg-height=\"303\" referrerpolicy=\"no-referrer\"><span>Fair value computation (with reference to automotive blended comps). Data source: S&P Capital IQ</span></p>\n<p>In arriving at Tesla's fair value, we rounded down our selected EBIT multiple to 60x at the midpoint and derived a fair value of about $713. Based on the closing price of $739, there is a slight potential downside of -3.6% for TSLA.</p>\n<p>We think our analysis shows that Tesla's tremendous EBIT growth and progress has been the key pillar underpinning its premium valuation, which didn't look out of line with its pure-play EV peers or the software counterparts.</p>\n<p>So, if we consider Tesla to be fairly valued right now using estimates up to FY24, then what could drive the stock to reach its $1,000 in the next few years?</p>\n<h3>Market Momentum and Growth Optimism</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49acf3a1f6a4f9cb003baddf701d2339\" tg-width=\"640\" tg-height=\"313\" referrerpolicy=\"no-referrer\"><span>Seeking Alpha Quant Rating. Source: Seeking Alpha Premium</span></p>\n<p>Readers can observe clearly that apart from the value factor, Tesla is rated impressively in the other important areas, especially for Growth and Profitability, as it received the best possible A+ rating. On the other hand, we think TSLA received an F grade for Value, mainly because the quant system compared it against the automotive sector, where the legacy automakers' relatively low valuations affected Tesla's rating.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c08c2d3204a494c7d8fa8b72133ebc49\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>Momentum Grade. Source: Seeking Alpha Premium</span></p>\n<p>Importantly, TSLA's 3M momentum grade of A clearly underscores the huge improvement in upward momentum for the stock as the bulls have been gaining traction in their quest to return the stock to its ATH that was achieved in Jan 21. Unfortunately, we think some investors often do not account for the power of momentum in their analysis, leading to a bearish stance at important inflection points of returning upward momentum for Tesla stock.</p>\n<p>Even though we think valuation is an important component driving stock prices (and valuation is a highly subjective matter for Tesla, as readers could easily refer to the wide range in the Street's forecasts to understand this), readers need to understand that investors' optimism for its growth prospects are crucial factors to consider as this drives momentum. In Tesla's case, we believe these bullish investors consider the huge market opportunities not just in the EV market, but also the company's prospects in autonomous driving, in robotaxi, in insurance, in energy, among others that are key driving forces behind their growth optimism that Tesla would be able to outperform the market's expectations, which would lead to further value expansion.</p>\n<p>The key risk here for investors to note is that we think bearish investors correctly point out that Tesla still seems far away from achieving these goals. Without these, bearish investors think there's no way that Tesla would be able to sustain its premium valuation.</p>\n<p>On the other hand, we have also shown that Tesla's current valuation may not seem out of line with its other pure-play EV peers, and so the bulls can certainly justify Tesla's current valuation. What's more challenging for investors is to present a path towards the $1,000 milestone. In this case, we think neither the bulls nor the bears could put forward a convincing fundamental argument right now based on realizing Tesla's market opportunity.</p>\n<h3>TSLA Stock Price Action and Trend Analysis”</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d36971ff9d95d8a510b4851f36f1fd40\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"><span>TSLA weekly chart.</span></p>\n<p>We highlighted previously that despite all the negative press and bearish shoutouts in the market, Tesla stock has never failed to deliver since the COVID-19 market bottom. We are not talking about the fantastic returns that TSLA provided its investors with its monstrous run in 2020, but about the robust long-term momentum that we can clearly observe in Tesla's price action.</p>\n<p>The rotation in Feb 21 (1st bottom) and May 21 (second bottom) created enough negative sentiments in the market for the stock back then, which not only took out the late bullish investors who were chasing the rally but also bearish investors who were lured into the weak sentiments in Feb 21 and May 21 to adopt a bearish against the EV leader as the strong buyers returned to shake out these bearish bets quickly.</p>\n<p>Bear traps are potent methods used by strong and astute market participants to lure and trap bearish investors at the right time to profit off their negative sentiments and turn the stock around for them to go long just when these unsuspecting bearish investors expect the weak sentiments to carry on. Readers need to go back to the coverage of Tesla during Feb and May to find out just how bearish the market was back then. The double bottom price action in May was a bullish signal for Tesla. Unfortunately, many investors who do not have a strong grounding in reading price action often fail to spot these important signals that the market gives away from time to time.</p>\n<h3>So, Can Tesla Reach $1,000?</h3>\n<p>First, we are Tesla shareholders and have a good margin of safety from the current price. Therefore we are very comfortable holding the remainder of our positions as we have taken profit along the way to protect our capital and would leave the rest of it as a speculative bet on Tesla's future, just in case Ark's $3,000 FY25 price target comes true (as they had done so the first time around). We don't think anyone has a crystal ball to be certain that Tesla can reach $1,000 or even $2,000, or when that would happen.</p>\n<p>Despite that, we have presented our arguments for Tesla's current valuation, arguments for its momentum, price action, and long-term uptrend bias that we think is likely to point Tesla on a path towards $1,000 more than going back to $500. We hope you get our gist.</p>\n<p>Lastly, based on the current valuations and price action (it has moved off from our preferred buy point), we<i>maintain our neutral rating on Tesla</i>for now.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Tesla Stock Reach $1000 As Momentum 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\">\nCan Tesla Stock Reach $1000 As Momentum Returns?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 16:45 GMT+8 <a href=https://seekingalpha.com/article/4453330-tesla-stock-reach-1000><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.\nInvestors should move on to using EBIT ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453330-tesla-stock-reach-1000\">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/4453330-tesla-stock-reach-1000","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1168724079","content_text":"Summary\n\nTesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.\nInvestors should move on to using EBIT multiples to value the stock given the company's strong expected EBIT growth momentum moving forward.\nSome investors often missed out on momentum as one of the key factors driving Tesla's stock price, leading them to adopt a surprisingly bearish stance.\nWhile no one has a crystal ball, we show investors what they should consider on whether the stock can reach the $1,000 milestone.\n\nInvestment Thesis\nTesla, Inc. (TSLA) receives one of the highest coverage by the Street as 33 analysts pitched in with their thesis on Tesla, which we think is arguably one of the most contentious stocks in the US with a target price that has found little agreement as the Street's best minds derived a wide target price range from $540 to $860, including 14 very bullish/bullish ratings, 12 neutral ratings, and 7 very bearish/bearish ones.\nStreet's mean target price and ratings. Data source: Seeking Alpha Premium\nIn case we forgot to mention, Ark Invest's super Tesla bull CEO/CIO Cathie Wood recently defended her thesis on Tesla and even emphasized that she didn't see any bubble forming in Tesla's case as the Street's indecisiveness on the company (which is also reflected in the neutral rating above) reflected the market's uncertain position where she believes is conducive for Tesla to climb the wall of worry and move towards the firm's2025 target price of $3,000.\nIn this article, we help our readers understand whether Tesla stock can reach $1,000 (first) and the key underlying factors to consider to reach the key milestone.\nBefore discussing further, in case you are new to Tesla, you may consider reading up on our recent articles on Tesla to help you understand Tesla's business model and market opportunity in greater detail (link to the articles are appendedhereandhere).\nTesla Stock Recent Performance\nTSLA Vs. F Vs. GM 3M performance (as of 02 Sep 21).\nTesla Vs. VLUE Vs. VUG 3M performance (as of 02 Sep 21).\nThere is no doubt that Tesla stock has significantly underperformed the broad market in 2021 with a 4.83% YTD return as of 02 Sep 21. However, the stock has been performing well lately, as it notched an 18.6% return over the last 3 months, which significantly outperformed Ford (F) stock -11% return, and General Motors (GM) stock -17.1% return, as the growth-to-value rotation's momentum fizzled out spectacularly, with growth investing regaining center stage among dip buyers as readers can easily observe from Vanguard Growth ETF's (VUG) outperformance against iShares Value Factor ETF (VLUE) in the last 3 months.\nTherefore, with momentum having returned to growth investing and Tesla stock, we think it's an opportune time for us to help investors to consider whether Tesla could be on its way to break its previous post-split all-time high (ATH) of $900 and reach the $1,000 milestone.\nFocus on Tesla's EBIT Growth\nQuarterly regulatory credits revenue. Data source: Company filings\nTesla's Q2 numbers rebutted a key criticism that detractors often labeled: that the company depends mainly on regulatory credits to generate its profits. In the recent earnings release, Tesla reported a highly impressive quarterly operating income of $1.36B, representing an impressive YoY increase of 308.3%. Moreover, despite Tesla posting its weakest performance for regulatory credits sales of $354M over the last 5 quarters, which clearly demonstrates that the company is making huge strides in its underlying operating performances as it scales.\nLTM EBIT. Data source: S&P Capital IQ\nImportantly, the company has steadily improved its EBIT profile as it scales its operations and achieved an LTM EBIT margin of 7.8% on an EBIT of $3.25B.\nTherefore, we think investors must consider how Tesla will grow its EBIT profitability moving forward to understand how to value Tesla appropriately and test the thesis on whether Tesla stock has the valuation foundation to reach the $1,000 milestone.\nHow Fast is Tesla Expected to Grow its EBIT Next?\nStreet's mean consensus estimates. Data source: S&P Capital IQ\nEstimates CAGR (FY21 to FY25). Data source: S&P Capital IQ\nReaders should be able to easily glean from the above where it's clear that even the \"neutral\" Street analysts expect Tesla's operating performance to continue to shine moving forward as revenue is expected to reach $120.4B by FY25 (which is 17.2% of Ark's $700B FY25 forecast), which would represent an impressive CAGR of 24.4%.\nFurthermore, if investors consider the revenue CAGR of General Motors (5.15%), Toyota (3.14%) (TM), and Volkswagen (4.33%) (OTCPK:VWAGY) over the same period, the Street is certainly expecting Tesla to continue marching forward strongly in its quest to expand its budding electric vehicles (EV) leadership in the automotive market which is undergoing an immense transformation as the legacy automakers are busy preparing for their massive pivot to the EV market in the next few years.\nWhile we think Tesla's expected revenue CAGR certainly looks impressive, what's even more important is that its EBIT and EBITDA are expected to grow even faster than its revenue, as the CAGR for EBIT and EBITDA is expected to reach 43.8% and 26.7%, respectively.\nInvestors who have been used to looking at revenue multiples (EV/Rev or Price/Sales) to value Tesla previously are encouraged to consider valuing Tesla using either EBITDA or EBIT multiples to arrive at meaningful valuation conclusions given the company's expected outperformance in EBIT or EBITDA growth.\nTo help our readers to understand how they can look at Tesla using either of these two metrics, in the following section, we would present our valuation model that considers a blended comp set, as well as a comp set that considers Tesla as a Tech company with software as a focus for our readers to make sense of the company's valuation.\nMaking Sense of Tesla's EBIT Multiples\nWe have elected to use EBIT multiples for this discussion. We consider it more meaningful for comparison given Tesla's relatively high CapEx margins, which is expected for an automaker.\nAutomotive Blended comps set. Data source: S&P Capital IQ\nSoftware comps set. Data source: S&P Capital IQ\nLet us first give a quick introduction to the logic behind both comps sets. The first one is a composite set that comprises some of Tesla's automotive peers. Readers should be able to glean that based on the forward multiples (FY+3 or CY24) of Tesla's pure-play electric peers such as Nio Inc. (NIO) and BYD Company Ltd (OTCPK:BYDDF), Tesla's EV/FY24 EBIT multiple of 64.7x didn't seem unreasonable especially as the company is expected to grow its EBIT much faster and have higher margins than the peers listed in the automotive comps set.\nNext, when we positioned Tesla, Inc. against the leading and emerging software peers, we also didn't find Tesla's CY24 EBIT multiple as excessive either. However, we certainly think it aligns with the peers listed in the comps set as Tesla's EBIT growth rate is impressive. Therefore we think it deserves to be rated in line with emerging software leaders like Palantir (PLTR) or Zoom (ZM), even though its EBIT margins are lower than its software counterparts.\nFair value computation (with reference to automotive blended comps). Data source: S&P Capital IQ\nIn arriving at Tesla's fair value, we rounded down our selected EBIT multiple to 60x at the midpoint and derived a fair value of about $713. Based on the closing price of $739, there is a slight potential downside of -3.6% for TSLA.\nWe think our analysis shows that Tesla's tremendous EBIT growth and progress has been the key pillar underpinning its premium valuation, which didn't look out of line with its pure-play EV peers or the software counterparts.\nSo, if we consider Tesla to be fairly valued right now using estimates up to FY24, then what could drive the stock to reach its $1,000 in the next few years?\nMarket Momentum and Growth Optimism\nSeeking Alpha Quant Rating. Source: Seeking Alpha Premium\nReaders can observe clearly that apart from the value factor, Tesla is rated impressively in the other important areas, especially for Growth and Profitability, as it received the best possible A+ rating. On the other hand, we think TSLA received an F grade for Value, mainly because the quant system compared it against the automotive sector, where the legacy automakers' relatively low valuations affected Tesla's rating.\nMomentum Grade. Source: Seeking Alpha Premium\nImportantly, TSLA's 3M momentum grade of A clearly underscores the huge improvement in upward momentum for the stock as the bulls have been gaining traction in their quest to return the stock to its ATH that was achieved in Jan 21. Unfortunately, we think some investors often do not account for the power of momentum in their analysis, leading to a bearish stance at important inflection points of returning upward momentum for Tesla stock.\nEven though we think valuation is an important component driving stock prices (and valuation is a highly subjective matter for Tesla, as readers could easily refer to the wide range in the Street's forecasts to understand this), readers need to understand that investors' optimism for its growth prospects are crucial factors to consider as this drives momentum. In Tesla's case, we believe these bullish investors consider the huge market opportunities not just in the EV market, but also the company's prospects in autonomous driving, in robotaxi, in insurance, in energy, among others that are key driving forces behind their growth optimism that Tesla would be able to outperform the market's expectations, which would lead to further value expansion.\nThe key risk here for investors to note is that we think bearish investors correctly point out that Tesla still seems far away from achieving these goals. Without these, bearish investors think there's no way that Tesla would be able to sustain its premium valuation.\nOn the other hand, we have also shown that Tesla's current valuation may not seem out of line with its other pure-play EV peers, and so the bulls can certainly justify Tesla's current valuation. What's more challenging for investors is to present a path towards the $1,000 milestone. In this case, we think neither the bulls nor the bears could put forward a convincing fundamental argument right now based on realizing Tesla's market opportunity.\nTSLA Stock Price Action and Trend Analysis”\nTSLA weekly chart.\nWe highlighted previously that despite all the negative press and bearish shoutouts in the market, Tesla stock has never failed to deliver since the COVID-19 market bottom. We are not talking about the fantastic returns that TSLA provided its investors with its monstrous run in 2020, but about the robust long-term momentum that we can clearly observe in Tesla's price action.\nThe rotation in Feb 21 (1st bottom) and May 21 (second bottom) created enough negative sentiments in the market for the stock back then, which not only took out the late bullish investors who were chasing the rally but also bearish investors who were lured into the weak sentiments in Feb 21 and May 21 to adopt a bearish against the EV leader as the strong buyers returned to shake out these bearish bets quickly.\nBear traps are potent methods used by strong and astute market participants to lure and trap bearish investors at the right time to profit off their negative sentiments and turn the stock around for them to go long just when these unsuspecting bearish investors expect the weak sentiments to carry on. Readers need to go back to the coverage of Tesla during Feb and May to find out just how bearish the market was back then. The double bottom price action in May was a bullish signal for Tesla. Unfortunately, many investors who do not have a strong grounding in reading price action often fail to spot these important signals that the market gives away from time to time.\nSo, Can Tesla Reach $1,000?\nFirst, we are Tesla shareholders and have a good margin of safety from the current price. Therefore we are very comfortable holding the remainder of our positions as we have taken profit along the way to protect our capital and would leave the rest of it as a speculative bet on Tesla's future, just in case Ark's $3,000 FY25 price target comes true (as they had done so the first time around). We don't think anyone has a crystal ball to be certain that Tesla can reach $1,000 or even $2,000, or when that would happen.\nDespite that, we have presented our arguments for Tesla's current valuation, arguments for its momentum, price action, and long-term uptrend bias that we think is likely to point Tesla on a path towards $1,000 more than going back to $500. We hope you get our gist.\nLastly, based on the current valuations and price action (it has moved off from our preferred buy point), wemaintain our neutral rating on Teslafor now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812734164,"gmtCreate":1630624258158,"gmtModify":1676530356964,"author":{"id":"4087523202190180","authorId":"4087523202190180","name":"Killerfool","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523202190180","authorIdStr":"4087523202190180"},"themes":[],"htmlText":"?? like","listText":"?? like","text":"?? like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812734164","repostId":"2164296738","repostType":4,"repost":{"id":"2164296738","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":1630618080,"share":"https://ttm.financial/m/news/2164296738?lang=&edition=fundamental","pubTime":"2021-09-03 05:28","market":"hk","language":"en","title":"DraftKings, Caesars and Penn National -- here's how sports-betting stocks performed in August","url":"https://stock-news.laohu8.com/highlight/detail?id=2164296738","media":"Dow Jones","summary":"22 U.S. states, plus Washington D.C., offer some form of legalized sports betting, and many of those","content":"<blockquote>\n 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting, and many of those companies are publicly traded.\n</blockquote>\n<p>Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, sports-betting companies have boomed in popularity.</p>\n<p>As of the end of August, 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting. Companies in those states are constantly competing for customers by offering in-person sportsbook experiences, betting capability for nearly every sport and mobile wagering.</p>\n<p>See also: <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> unveils 'Super Follows,' allowing people to make money off tweets -- see if you qualify</p>\n<p>Many sports-betting operators are also publicly held companies. Some of these companies have non-sports betting aspects of their business, like entertainment and casino operations.</p>\n<p>Here is how sports-betting stocks performed in August:</p>\n<p><b>DraftKings</b></p>\n<p>Shares of DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a> spiked 22.25% in the month of August amid a strong second-quarter earnings report. DraftKings also announced it acquired Golden Nugget Online Gaming in $1.56 billion deal, and held an exclusive Tom Brady NFT release.</p>\n<p>In a recent interview with MarketWatch, DraftKings CEO Jason Robins said a strong 2021 for his company can happen regardless of the dangers of the COVID-19 pandemic.</p>\n<p>\"We couldn't tell how much of that was general momentum with DraftKings and how much of that was people being bored at home,\" Robins told MarketWatch. \"We think it shows we have strong momentum.\"</p>\n<p>Crypto: 'Everything is getting bigger': Naomi Osaka says Dogecoin got her interested in crypto</p>\n<p>During its earnings call in August, DraftKings disclosed an investigation by the Securities and Exchange Commission concerning allegations over \"black-market gaming\" and money laundering made by short seller Hindenburg Research.</p>\n<p><b>Caesars</b></p>\n<p>Shares of Caesars Entertainment Inc. <a href=\"https://laohu8.com/S/CZR\">$(CZR)$</a> jumped 16.33% in August with news it was upgraded to a buy from neutral at BofA Securities.</p>\n<p>Caesars also entered betting partnerships with the NFL's Houston Texans and college football's Fiesta Bowl last month.</p>\n<p>See also: This fake 'Maderna' vaccine card sees woman facing a year in prison and $5,000 fine in Hawaii</p>\n<p>The Wall Street Journal reported that Walt Disney's <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> ESPN was exploring deals to license its brand with sports-betting operators Caesars and DraftKings in a agreement worth at least $3 billion. Both sides are still in negotiations, according to the report.</p>\n<p><b>Penn National Gaming</b></p>\n<p>Shares of Penn National Gaming <a href=\"https://laohu8.com/S/PENN\">$(PENN)$</a> were up 18.6% in August.</p>\n<p>On Aug. 5, Penn National announced it would acquire theScore from Score Media for about $2 billion in cash and stock.</p>\n<p>There have also been recent discussions between Major League Baseball and Penn-owned Barstool Sports to broadcast games. Both sides are still in negotiations, according to The New York Post.</p>\n<p><b>Wynn</b></p>\n<p>Shares of Wynn Resorts Ltd. <a href=\"https://laohu8.com/S/WYNN\">$(WYNN)$</a> increased 3.41% in August after news its online gaming organization WynnBet reached an agreement with the NFL to become an approved sports-betting operator for the league.</p>\n<p>FOX Bet, BetMGM, PointsBet were also made approved sports-betting operators by the NFL.</p>\n<p>\"We are pleased to announce this select group as Approved Sportsbook Operators,\" Nana-Yaw Asamoah, Vice President of Business Development for the NFL, said in a statement \"Along with our three Official Sports Betting Partners, this group of operators will help the league to engage fans in responsible and innovative ways this season as the sports-betting landscape continues to evolve.\"</p>\n<p><b>MGM</b></p>\n<p>Shares of MGM Resorts <a href=\"https://laohu8.com/S/MGM\">$(MGM)$</a> jumped 13.56% in August.</p>\n<p>As previously stated, the MGM-operated BetMGM was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the sports-betting operators that was approved by the NFL for the 2021 season.</p>\n<p>On Aug. 6, it was reported that MGM Resorts is selling $17.2 billion worth of land on the Las Vegas Strip to a New York-based firm VICI Properties Inc. <a href=\"https://laohu8.com/S/VICI\">$(VICI)$</a>.</p>\n<p>The NFL season, which begins in September, is one of the busiest times of the year for U.S. sportsbooks, as no sport has more bets placed on it than football.</p>\n<p>The Roundhill Sports Betting & iGaming ETF <a href=\"https://laohu8.com/S/BETZ\">$(BETZ)$</a>, a tier-weighted index of global sports-betting & iGaming companies, is up 13.87% over the past month, compared to the S&P 500 , which is up 2.98% over that same period.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings, Caesars and Penn National -- here's how sports-betting stocks performed in August</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\">\nDraftKings, Caesars and Penn National -- here's how sports-betting stocks performed in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-03 05:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting, and many of those companies are publicly traded.\n</blockquote>\n<p>Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, sports-betting companies have boomed in popularity.</p>\n<p>As of the end of August, 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting. Companies in those states are constantly competing for customers by offering in-person sportsbook experiences, betting capability for nearly every sport and mobile wagering.</p>\n<p>See also: <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> unveils 'Super Follows,' allowing people to make money off tweets -- see if you qualify</p>\n<p>Many sports-betting operators are also publicly held companies. Some of these companies have non-sports betting aspects of their business, like entertainment and casino operations.</p>\n<p>Here is how sports-betting stocks performed in August:</p>\n<p><b>DraftKings</b></p>\n<p>Shares of DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a> spiked 22.25% in the month of August amid a strong second-quarter earnings report. DraftKings also announced it acquired Golden Nugget Online Gaming in $1.56 billion deal, and held an exclusive Tom Brady NFT release.</p>\n<p>In a recent interview with MarketWatch, DraftKings CEO Jason Robins said a strong 2021 for his company can happen regardless of the dangers of the COVID-19 pandemic.</p>\n<p>\"We couldn't tell how much of that was general momentum with DraftKings and how much of that was people being bored at home,\" Robins told MarketWatch. \"We think it shows we have strong momentum.\"</p>\n<p>Crypto: 'Everything is getting bigger': Naomi Osaka says Dogecoin got her interested in crypto</p>\n<p>During its earnings call in August, DraftKings disclosed an investigation by the Securities and Exchange Commission concerning allegations over \"black-market gaming\" and money laundering made by short seller Hindenburg Research.</p>\n<p><b>Caesars</b></p>\n<p>Shares of Caesars Entertainment Inc. <a href=\"https://laohu8.com/S/CZR\">$(CZR)$</a> jumped 16.33% in August with news it was upgraded to a buy from neutral at BofA Securities.</p>\n<p>Caesars also entered betting partnerships with the NFL's Houston Texans and college football's Fiesta Bowl last month.</p>\n<p>See also: This fake 'Maderna' vaccine card sees woman facing a year in prison and $5,000 fine in Hawaii</p>\n<p>The Wall Street Journal reported that Walt Disney's <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> ESPN was exploring deals to license its brand with sports-betting operators Caesars and DraftKings in a agreement worth at least $3 billion. Both sides are still in negotiations, according to the report.</p>\n<p><b>Penn National Gaming</b></p>\n<p>Shares of Penn National Gaming <a href=\"https://laohu8.com/S/PENN\">$(PENN)$</a> were up 18.6% in August.</p>\n<p>On Aug. 5, Penn National announced it would acquire theScore from Score Media for about $2 billion in cash and stock.</p>\n<p>There have also been recent discussions between Major League Baseball and Penn-owned Barstool Sports to broadcast games. Both sides are still in negotiations, according to The New York Post.</p>\n<p><b>Wynn</b></p>\n<p>Shares of Wynn Resorts Ltd. <a href=\"https://laohu8.com/S/WYNN\">$(WYNN)$</a> increased 3.41% in August after news its online gaming organization WynnBet reached an agreement with the NFL to become an approved sports-betting operator for the league.</p>\n<p>FOX Bet, BetMGM, PointsBet were also made approved sports-betting operators by the NFL.</p>\n<p>\"We are pleased to announce this select group as Approved Sportsbook Operators,\" Nana-Yaw Asamoah, Vice President of Business Development for the NFL, said in a statement \"Along with our three Official Sports Betting Partners, this group of operators will help the league to engage fans in responsible and innovative ways this season as the sports-betting landscape continues to evolve.\"</p>\n<p><b>MGM</b></p>\n<p>Shares of MGM Resorts <a href=\"https://laohu8.com/S/MGM\">$(MGM)$</a> jumped 13.56% in August.</p>\n<p>As previously stated, the MGM-operated BetMGM was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the sports-betting operators that was approved by the NFL for the 2021 season.</p>\n<p>On Aug. 6, it was reported that MGM Resorts is selling $17.2 billion worth of land on the Las Vegas Strip to a New York-based firm VICI Properties Inc. <a href=\"https://laohu8.com/S/VICI\">$(VICI)$</a>.</p>\n<p>The NFL season, which begins in September, is one of the busiest times of the year for U.S. sportsbooks, as no sport has more bets placed on it than football.</p>\n<p>The Roundhill Sports Betting & iGaming ETF <a href=\"https://laohu8.com/S/BETZ\">$(BETZ)$</a>, a tier-weighted index of global sports-betting & iGaming companies, is up 13.87% over the past month, compared to the S&P 500 , which is up 2.98% over that same period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc.","CZR":"凯撒娱乐","MGM":"美高梅","WYNN":"永利度假村","BETZ":"Roundhill Sports Betting & iGaming ETF","PENN":"佩恩国民博彩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164296738","content_text":"22 U.S. states, plus Washington D.C., offer some form of legalized sports betting, and many of those companies are publicly traded.\n\nSince the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, sports-betting companies have boomed in popularity.\nAs of the end of August, 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting. Companies in those states are constantly competing for customers by offering in-person sportsbook experiences, betting capability for nearly every sport and mobile wagering.\nSee also: Twitter unveils 'Super Follows,' allowing people to make money off tweets -- see if you qualify\nMany sports-betting operators are also publicly held companies. Some of these companies have non-sports betting aspects of their business, like entertainment and casino operations.\nHere is how sports-betting stocks performed in August:\nDraftKings\nShares of DraftKings $(DKNG)$ spiked 22.25% in the month of August amid a strong second-quarter earnings report. DraftKings also announced it acquired Golden Nugget Online Gaming in $1.56 billion deal, and held an exclusive Tom Brady NFT release.\nIn a recent interview with MarketWatch, DraftKings CEO Jason Robins said a strong 2021 for his company can happen regardless of the dangers of the COVID-19 pandemic.\n\"We couldn't tell how much of that was general momentum with DraftKings and how much of that was people being bored at home,\" Robins told MarketWatch. \"We think it shows we have strong momentum.\"\nCrypto: 'Everything is getting bigger': Naomi Osaka says Dogecoin got her interested in crypto\nDuring its earnings call in August, DraftKings disclosed an investigation by the Securities and Exchange Commission concerning allegations over \"black-market gaming\" and money laundering made by short seller Hindenburg Research.\nCaesars\nShares of Caesars Entertainment Inc. $(CZR)$ jumped 16.33% in August with news it was upgraded to a buy from neutral at BofA Securities.\nCaesars also entered betting partnerships with the NFL's Houston Texans and college football's Fiesta Bowl last month.\nSee also: This fake 'Maderna' vaccine card sees woman facing a year in prison and $5,000 fine in Hawaii\nThe Wall Street Journal reported that Walt Disney's $(DIS)$ ESPN was exploring deals to license its brand with sports-betting operators Caesars and DraftKings in a agreement worth at least $3 billion. Both sides are still in negotiations, according to the report.\nPenn National Gaming\nShares of Penn National Gaming $(PENN)$ were up 18.6% in August.\nOn Aug. 5, Penn National announced it would acquire theScore from Score Media for about $2 billion in cash and stock.\nThere have also been recent discussions between Major League Baseball and Penn-owned Barstool Sports to broadcast games. Both sides are still in negotiations, according to The New York Post.\nWynn\nShares of Wynn Resorts Ltd. $(WYNN)$ increased 3.41% in August after news its online gaming organization WynnBet reached an agreement with the NFL to become an approved sports-betting operator for the league.\nFOX Bet, BetMGM, PointsBet were also made approved sports-betting operators by the NFL.\n\"We are pleased to announce this select group as Approved Sportsbook Operators,\" Nana-Yaw Asamoah, Vice President of Business Development for the NFL, said in a statement \"Along with our three Official Sports Betting Partners, this group of operators will help the league to engage fans in responsible and innovative ways this season as the sports-betting landscape continues to evolve.\"\nMGM\nShares of MGM Resorts $(MGM)$ jumped 13.56% in August.\nAs previously stated, the MGM-operated BetMGM was one of the sports-betting operators that was approved by the NFL for the 2021 season.\nOn Aug. 6, it was reported that MGM Resorts is selling $17.2 billion worth of land on the Las Vegas Strip to a New York-based firm VICI Properties Inc. $(VICI)$.\nThe NFL season, which begins in September, is one of the busiest times of the year for U.S. sportsbooks, as no sport has more bets placed on it than football.\nThe Roundhill Sports Betting & iGaming ETF $(BETZ)$, a tier-weighted index of global sports-betting & iGaming companies, is up 13.87% over the past month, compared to the S&P 500 , which is up 2.98% over that same period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818958604,"gmtCreate":1630372294608,"gmtModify":1676530283269,"author":{"id":"4087523202190180","authorId":"4087523202190180","name":"Killerfool","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523202190180","authorIdStr":"4087523202190180"},"themes":[],"htmlText":"To the moon???","listText":"To the moon???","text":"To the moon???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818958604","repostId":"2163833181","repostType":4,"repost":{"id":"2163833181","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":1630353642,"share":"https://ttm.financial/m/news/2163833181?lang=&edition=fundamental","pubTime":"2021-08-31 04:00","market":"us","language":"en","title":"S&P, Nasdaq end at record highs as dovish Fed taper-talk calms investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2163833181","media":"Reuters","summary":"S&P 500 tracks longest monthly winning streak since 2018.\nS&P 500, Nasdaq end at fresh record highs\n","content":"<p>S&P 500 tracks longest monthly winning streak since 2018.</p>\n<p>S&P 500, Nasdaq end at fresh record highs</p>\n<p><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> gains on report it is exploring a stock-trading platform</p>\n<p>Aug 30 (Reuters) - The S&P 500 and Nasdaq ended Monday at fresh record highs as investors jumped into technology stocks, taking comfort from the Federal Reserve's dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.</p>\n<p>Apple Inc jumped to an all-time high, while Microsoft Corp , Amazon.com , Google-owner Alphabet Inc all rose, helping the tech-heavy Nasdaq outperform the S&P 500 and the Dow.</p>\n<p>High-growth tech stocks tend to benefit from expectations of lower rates because their value rests heavily on future earnings.</p>\n<p>The benchmark index is tracking its longest monthly winning streak since 2018 on the promise of easy money, with investors shrugging off signs of a slowing economic recovery and surging COVID-19 cases.</p>\n<p>Fed Chair Jerome Powell said on Friday the central bank would continue to be cautious in its approach to tapering its massive pandemic-era stimulus, while reaffirming a steady economic recovery.</p>\n<p>\"It's now clear that there's going to still be an extraordinary amount of support for this economy, probably until November,\" said Ed Moya, senior market analyst for the Americas at OANDA.</p>\n<p>\"Some investors are thinking that tapering might not even start this year, but the <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing that everyone can agree on is that Chair Powell has signaled they are in no rush to raise interest rates and he's disconnected tapering with rate-hike timing.\"</p>\n<p>The S&P 500 has risen more than 3% so far in August - a seasonally weak period for stocks - and Wells Fargo analysts said last week they expect the index to rise another 8% by the end of the year.</p>\n<p>It is also on track to log one of its best year-to-date returns through August of the past six decades, said Chris Larkin, managing director of trading at E*Trade Financial.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 55.96 points, or 0.16%, to 35,399.84, the S&P 500 gained 19.39 points, or 0.43%, to 4,528.76 and the Nasdaq Composite added 136.22 points, or 0.9%, to 15,265.72.</p>\n<p>While U.S. crude prices rose 0.7% on Monday, energy stocks broadly slipped as investors fretted about possible longer-term impacts to offshore oil production and damage to energy infrastructure from Hurricane Ida, which roared ashore on Sunday near Port Fourchon, Louisiana, a major hub for the U.S. offshore oil industry.</p>\n<p>Falling bond yields also pressured bank stocks, with the S&P 500 banking index ending down.</p>\n<p>PayPal Holdings Inc advanced on a CNBC report that the financial services firm was exploring the development of a stocks trading platform for its U.S. customers. The news helped push Robinhood Markets Inc down.</p>\n<p>U.S.-listed shares of Chinese gaming firm NetEase Inc slumped as Chinese regulators slashed the amount of time players under the age of 18 can spend on online games to an hour on Fridays, weekends and holidays.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Arun Koyyur and Lisa Shumaker)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P, Nasdaq end at record highs as dovish Fed taper-talk calms investors</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\">\nS&P, Nasdaq end at record highs as dovish Fed taper-talk calms investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-31 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>S&P 500 tracks longest monthly winning streak since 2018.</p>\n<p>S&P 500, Nasdaq end at fresh record highs</p>\n<p><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> gains on report it is exploring a stock-trading platform</p>\n<p>Aug 30 (Reuters) - The S&P 500 and Nasdaq ended Monday at fresh record highs as investors jumped into technology stocks, taking comfort from the Federal Reserve's dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.</p>\n<p>Apple Inc jumped to an all-time high, while Microsoft Corp , Amazon.com , Google-owner Alphabet Inc all rose, helping the tech-heavy Nasdaq outperform the S&P 500 and the Dow.</p>\n<p>High-growth tech stocks tend to benefit from expectations of lower rates because their value rests heavily on future earnings.</p>\n<p>The benchmark index is tracking its longest monthly winning streak since 2018 on the promise of easy money, with investors shrugging off signs of a slowing economic recovery and surging COVID-19 cases.</p>\n<p>Fed Chair Jerome Powell said on Friday the central bank would continue to be cautious in its approach to tapering its massive pandemic-era stimulus, while reaffirming a steady economic recovery.</p>\n<p>\"It's now clear that there's going to still be an extraordinary amount of support for this economy, probably until November,\" said Ed Moya, senior market analyst for the Americas at OANDA.</p>\n<p>\"Some investors are thinking that tapering might not even start this year, but the <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing that everyone can agree on is that Chair Powell has signaled they are in no rush to raise interest rates and he's disconnected tapering with rate-hike timing.\"</p>\n<p>The S&P 500 has risen more than 3% so far in August - a seasonally weak period for stocks - and Wells Fargo analysts said last week they expect the index to rise another 8% by the end of the year.</p>\n<p>It is also on track to log one of its best year-to-date returns through August of the past six decades, said Chris Larkin, managing director of trading at E*Trade Financial.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 55.96 points, or 0.16%, to 35,399.84, the S&P 500 gained 19.39 points, or 0.43%, to 4,528.76 and the Nasdaq Composite added 136.22 points, or 0.9%, to 15,265.72.</p>\n<p>While U.S. crude prices rose 0.7% on Monday, energy stocks broadly slipped as investors fretted about possible longer-term impacts to offshore oil production and damage to energy infrastructure from Hurricane Ida, which roared ashore on Sunday near Port Fourchon, Louisiana, a major hub for the U.S. offshore oil industry.</p>\n<p>Falling bond yields also pressured bank stocks, with the S&P 500 banking index ending down.</p>\n<p>PayPal Holdings Inc advanced on a CNBC report that the financial services firm was exploring the development of a stocks trading platform for its U.S. customers. The news helped push Robinhood Markets Inc down.</p>\n<p>U.S.-listed shares of Chinese gaming firm NetEase Inc slumped as Chinese regulators slashed the amount of time players under the age of 18 can spend on online games to an hour on Fridays, weekends and holidays.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Arun Koyyur and Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163833181","content_text":"S&P 500 tracks longest monthly winning streak since 2018.\nS&P 500, Nasdaq end at fresh record highs\nPayPal gains on report it is exploring a stock-trading platform\nAug 30 (Reuters) - The S&P 500 and Nasdaq ended Monday at fresh record highs as investors jumped into technology stocks, taking comfort from the Federal Reserve's dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.\nApple Inc jumped to an all-time high, while Microsoft Corp , Amazon.com , Google-owner Alphabet Inc all rose, helping the tech-heavy Nasdaq outperform the S&P 500 and the Dow.\nHigh-growth tech stocks tend to benefit from expectations of lower rates because their value rests heavily on future earnings.\nThe benchmark index is tracking its longest monthly winning streak since 2018 on the promise of easy money, with investors shrugging off signs of a slowing economic recovery and surging COVID-19 cases.\nFed Chair Jerome Powell said on Friday the central bank would continue to be cautious in its approach to tapering its massive pandemic-era stimulus, while reaffirming a steady economic recovery.\n\"It's now clear that there's going to still be an extraordinary amount of support for this economy, probably until November,\" said Ed Moya, senior market analyst for the Americas at OANDA.\n\"Some investors are thinking that tapering might not even start this year, but the one thing that everyone can agree on is that Chair Powell has signaled they are in no rush to raise interest rates and he's disconnected tapering with rate-hike timing.\"\nThe S&P 500 has risen more than 3% so far in August - a seasonally weak period for stocks - and Wells Fargo analysts said last week they expect the index to rise another 8% by the end of the year.\nIt is also on track to log one of its best year-to-date returns through August of the past six decades, said Chris Larkin, managing director of trading at E*Trade Financial.\nUnofficially, the Dow Jones Industrial Average fell 55.96 points, or 0.16%, to 35,399.84, the S&P 500 gained 19.39 points, or 0.43%, to 4,528.76 and the Nasdaq Composite added 136.22 points, or 0.9%, to 15,265.72.\nWhile U.S. crude prices rose 0.7% on Monday, energy stocks broadly slipped as investors fretted about possible longer-term impacts to offshore oil production and damage to energy infrastructure from Hurricane Ida, which roared ashore on Sunday near Port Fourchon, Louisiana, a major hub for the U.S. offshore oil industry.\nFalling bond yields also pressured bank stocks, with the S&P 500 banking index ending down.\nPayPal Holdings Inc advanced on a CNBC report that the financial services firm was exploring the development of a stocks trading platform for its U.S. customers. The news helped push Robinhood Markets Inc down.\nU.S.-listed shares of Chinese gaming firm NetEase Inc slumped as Chinese regulators slashed the amount of time players under the age of 18 can spend on online games to an hour on Fridays, weekends and holidays.\n(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Arun Koyyur and Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":815802238,"gmtCreate":1630662006324,"gmtModify":1676530369376,"author":{"id":"4087523202190180","authorId":"4087523202190180","name":"Killerfool","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087523202190180","idStr":"4087523202190180"},"themes":[],"htmlText":"Ok like pls","listText":"Ok like pls","text":"Ok like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815802238","repostId":"1168724079","repostType":4,"repost":{"id":"1168724079","pubTimestamp":1630658701,"share":"https://ttm.financial/m/news/1168724079?lang=&edition=fundamental","pubTime":"2021-09-03 16:45","market":"us","language":"en","title":"Can Tesla Stock Reach $1000 As Momentum Returns?","url":"https://stock-news.laohu8.com/highlight/detail?id=1168724079","media":"seekingalpha","summary":"Tesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.Investors should move on to using EBIT multiples to value the stock given the company's strong expected EBIT growth momentum moving forward.Some investors often missed out on momentum as one of the key factors driving Tesla's stock price, leading them to adopt a surprisingly bearish stance.Tesla, Inc. receives one of the highest coverage by the Stree","content":"<h3>Summary</h3>\n<ul>\n <li>Tesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.</li>\n <li>Investors should move on to using EBIT multiples to value the stock given the company's strong expected EBIT growth momentum moving forward.</li>\n <li>Some investors often missed out on momentum as one of the key factors driving Tesla's stock price, leading them to adopt a surprisingly bearish stance.</li>\n <li>While no one has a crystal ball, we show investors what they should consider on whether the stock can reach the $1,000 milestone.</li>\n</ul>\n<h3>Investment Thesis</h3>\n<p>Tesla, Inc. (TSLA) receives one of the highest coverage by the Street as 33 analysts pitched in with their thesis on Tesla, which we think is arguably one of the most contentious stocks in the US with a target price that has found little agreement as the Street's best minds derived a wide target price range from $540 to $860, including 14 very bullish/bullish ratings, 12 neutral ratings, and 7 very bearish/bearish ones.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54d68b6642f907ee5d81c7bc996b636d\" tg-width=\"640\" tg-height=\"324\" referrerpolicy=\"no-referrer\"><span>Street's mean target price and ratings. Data source: Seeking Alpha Premium</span></p>\n<p>In case we forgot to mention, Ark Invest's super Tesla bull CEO/CIO Cathie Wood recently defended her thesis on Tesla and even emphasized that she didn't see any bubble forming in Tesla's case as the Street's indecisiveness on the company (which is also reflected in the neutral rating above) reflected the market's uncertain position where she believes is conducive for Tesla to climb the wall of worry and move towards the firm's2025 target price of $3,000.</p>\n<p>In this article, we help our readers understand whether Tesla stock can reach $1,000 (first) and the key underlying factors to consider to reach the key milestone.</p>\n<p>Before discussing further, in case you are new to Tesla, you may consider reading up on our recent articles on Tesla to help you understand Tesla's business model and market opportunity in greater detail (link to the articles are appendedhereandhere).</p>\n<h3>Tesla Stock Recent Performance</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d78527f2a28bd487dfcfb5765ec5138a\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>TSLA Vs. F Vs. GM 3M performance (as of 02 Sep 21).</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe48fa6769132393855a57b1d6bd422\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>Tesla Vs. VLUE Vs. VUG 3M performance (as of 02 Sep 21).</span></p>\n<p>There is no doubt that Tesla stock has significantly underperformed the broad market in 2021 with a 4.83% YTD return as of 02 Sep 21. However, the stock has been performing well lately, as it notched an 18.6% return over the last 3 months, which significantly outperformed Ford (F) stock -11% return, and General Motors (GM) stock -17.1% return, as the growth-to-value rotation's momentum fizzled out spectacularly, with growth investing regaining center stage among dip buyers as readers can easily observe from Vanguard Growth ETF's (VUG) outperformance against iShares Value Factor ETF (VLUE) in the last 3 months.</p>\n<p>Therefore, with momentum having returned to growth investing and Tesla stock, we think it's an opportune time for us to help investors to consider whether Tesla could be on its way to break its previous post-split all-time high (ATH) of $900 and reach the $1,000 milestone.</p>\n<h3>Focus on Tesla's EBIT Growth</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b6e2fd23dafe3a5ebff061d0bbee412\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Quarterly regulatory credits revenue. Data source: Company filings</span></p>\n<p>Tesla's Q2 numbers rebutted a key criticism that detractors often labeled: that the company depends mainly on regulatory credits to generate its profits. In the recent earnings release, Tesla reported a highly impressive quarterly operating income of $1.36B, representing an impressive YoY increase of 308.3%. Moreover, despite Tesla posting its weakest performance for regulatory credits sales of $354M over the last 5 quarters, which clearly demonstrates that the company is making huge strides in its underlying operating performances as it scales.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c95f5b5e59b532167d0cad3569032ea2\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>LTM EBIT. Data source: S&P Capital IQ</span></p>\n<p>Importantly, the company has steadily improved its EBIT profile as it scales its operations and achieved an LTM EBIT margin of 7.8% on an EBIT of $3.25B.</p>\n<p>Therefore, we think investors must consider how Tesla will grow its EBIT profitability moving forward to understand how to value Tesla appropriately and test the thesis on whether Tesla stock has the valuation foundation to reach the $1,000 milestone.</p>\n<h3>How Fast is Tesla Expected to Grow its EBIT Next?</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/de994736c433e76a039925072a652626\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Street's mean consensus estimates. Data source: S&P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89faa434742b5012620921e2a463b67c\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"><span>Estimates CAGR (FY21 to FY25). Data source: S&P Capital IQ</span></p>\n<p>Readers should be able to easily glean from the above where it's clear that even the \"neutral\" Street analysts expect Tesla's operating performance to continue to shine moving forward as revenue is expected to reach $120.4B by FY25 (which is 17.2% of Ark's $700B FY25 forecast), which would represent an impressive CAGR of 24.4%.</p>\n<p>Furthermore, if investors consider the revenue CAGR of General Motors (5.15%), Toyota (3.14%) (TM), and Volkswagen (4.33%) (OTCPK:VWAGY) over the same period, the Street is certainly expecting Tesla to continue marching forward strongly in its quest to expand its budding electric vehicles (EV) leadership in the automotive market which is undergoing an immense transformation as the legacy automakers are busy preparing for their massive pivot to the EV market in the next few years.</p>\n<p>While we think Tesla's expected revenue CAGR certainly looks impressive, what's even more important is that its EBIT and EBITDA are expected to grow even faster than its revenue, as the CAGR for EBIT and EBITDA is expected to reach 43.8% and 26.7%, respectively.</p>\n<p>Investors who have been used to looking at revenue multiples (EV/Rev or Price/Sales) to value Tesla previously are encouraged to consider valuing Tesla using either EBITDA or EBIT multiples to arrive at meaningful valuation conclusions given the company's expected outperformance in EBIT or EBITDA growth.</p>\n<p>To help our readers to understand how they can look at Tesla using either of these two metrics, in the following section, we would present our valuation model that considers a blended comp set, as well as a comp set that considers Tesla as a Tech company with software as a focus for our readers to make sense of the company's valuation.</p>\n<h3>Making Sense of Tesla's EBIT Multiples</h3>\n<p>We have elected to use EBIT multiples for this discussion. We consider it more meaningful for comparison given Tesla's relatively high CapEx margins, which is expected for an automaker.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4913a49c673db29ea52abfe6b10af357\" tg-width=\"640\" tg-height=\"337\" referrerpolicy=\"no-referrer\"><span>Automotive Blended comps set. Data source: S&P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50e34a70e430f0f41134456e7829e122\" tg-width=\"640\" tg-height=\"340\" referrerpolicy=\"no-referrer\"><span>Software comps set. Data source: S&P Capital IQ</span></p>\n<p>Let us first give a quick introduction to the logic behind both comps sets. The first one is a composite set that comprises some of Tesla's automotive peers. Readers should be able to glean that based on the forward multiples (FY+3 or CY24) of Tesla's pure-play electric peers such as Nio Inc. (NIO) and BYD Company Ltd (OTCPK:BYDDF), Tesla's EV/FY24 EBIT multiple of 64.7x didn't seem unreasonable especially as the company is expected to grow its EBIT much faster and have higher margins than the peers listed in the automotive comps set.</p>\n<p>Next, when we positioned Tesla, Inc. against the leading and emerging software peers, we also didn't find Tesla's CY24 EBIT multiple as excessive either. However, we certainly think it aligns with the peers listed in the comps set as Tesla's EBIT growth rate is impressive. Therefore we think it deserves to be rated in line with emerging software leaders like Palantir (PLTR) or Zoom (ZM), even though its EBIT margins are lower than its software counterparts.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80e148fe9d8306e28b7b149aeceee9d5\" tg-width=\"640\" tg-height=\"303\" referrerpolicy=\"no-referrer\"><span>Fair value computation (with reference to automotive blended comps). Data source: S&P Capital IQ</span></p>\n<p>In arriving at Tesla's fair value, we rounded down our selected EBIT multiple to 60x at the midpoint and derived a fair value of about $713. Based on the closing price of $739, there is a slight potential downside of -3.6% for TSLA.</p>\n<p>We think our analysis shows that Tesla's tremendous EBIT growth and progress has been the key pillar underpinning its premium valuation, which didn't look out of line with its pure-play EV peers or the software counterparts.</p>\n<p>So, if we consider Tesla to be fairly valued right now using estimates up to FY24, then what could drive the stock to reach its $1,000 in the next few years?</p>\n<h3>Market Momentum and Growth Optimism</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49acf3a1f6a4f9cb003baddf701d2339\" tg-width=\"640\" tg-height=\"313\" referrerpolicy=\"no-referrer\"><span>Seeking Alpha Quant Rating. Source: Seeking Alpha Premium</span></p>\n<p>Readers can observe clearly that apart from the value factor, Tesla is rated impressively in the other important areas, especially for Growth and Profitability, as it received the best possible A+ rating. On the other hand, we think TSLA received an F grade for Value, mainly because the quant system compared it against the automotive sector, where the legacy automakers' relatively low valuations affected Tesla's rating.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c08c2d3204a494c7d8fa8b72133ebc49\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>Momentum Grade. Source: Seeking Alpha Premium</span></p>\n<p>Importantly, TSLA's 3M momentum grade of A clearly underscores the huge improvement in upward momentum for the stock as the bulls have been gaining traction in their quest to return the stock to its ATH that was achieved in Jan 21. Unfortunately, we think some investors often do not account for the power of momentum in their analysis, leading to a bearish stance at important inflection points of returning upward momentum for Tesla stock.</p>\n<p>Even though we think valuation is an important component driving stock prices (and valuation is a highly subjective matter for Tesla, as readers could easily refer to the wide range in the Street's forecasts to understand this), readers need to understand that investors' optimism for its growth prospects are crucial factors to consider as this drives momentum. In Tesla's case, we believe these bullish investors consider the huge market opportunities not just in the EV market, but also the company's prospects in autonomous driving, in robotaxi, in insurance, in energy, among others that are key driving forces behind their growth optimism that Tesla would be able to outperform the market's expectations, which would lead to further value expansion.</p>\n<p>The key risk here for investors to note is that we think bearish investors correctly point out that Tesla still seems far away from achieving these goals. Without these, bearish investors think there's no way that Tesla would be able to sustain its premium valuation.</p>\n<p>On the other hand, we have also shown that Tesla's current valuation may not seem out of line with its other pure-play EV peers, and so the bulls can certainly justify Tesla's current valuation. What's more challenging for investors is to present a path towards the $1,000 milestone. In this case, we think neither the bulls nor the bears could put forward a convincing fundamental argument right now based on realizing Tesla's market opportunity.</p>\n<h3>TSLA Stock Price Action and Trend Analysis”</h3>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d36971ff9d95d8a510b4851f36f1fd40\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"><span>TSLA weekly chart.</span></p>\n<p>We highlighted previously that despite all the negative press and bearish shoutouts in the market, Tesla stock has never failed to deliver since the COVID-19 market bottom. We are not talking about the fantastic returns that TSLA provided its investors with its monstrous run in 2020, but about the robust long-term momentum that we can clearly observe in Tesla's price action.</p>\n<p>The rotation in Feb 21 (1st bottom) and May 21 (second bottom) created enough negative sentiments in the market for the stock back then, which not only took out the late bullish investors who were chasing the rally but also bearish investors who were lured into the weak sentiments in Feb 21 and May 21 to adopt a bearish against the EV leader as the strong buyers returned to shake out these bearish bets quickly.</p>\n<p>Bear traps are potent methods used by strong and astute market participants to lure and trap bearish investors at the right time to profit off their negative sentiments and turn the stock around for them to go long just when these unsuspecting bearish investors expect the weak sentiments to carry on. Readers need to go back to the coverage of Tesla during Feb and May to find out just how bearish the market was back then. The double bottom price action in May was a bullish signal for Tesla. Unfortunately, many investors who do not have a strong grounding in reading price action often fail to spot these important signals that the market gives away from time to time.</p>\n<h3>So, Can Tesla Reach $1,000?</h3>\n<p>First, we are Tesla shareholders and have a good margin of safety from the current price. Therefore we are very comfortable holding the remainder of our positions as we have taken profit along the way to protect our capital and would leave the rest of it as a speculative bet on Tesla's future, just in case Ark's $3,000 FY25 price target comes true (as they had done so the first time around). We don't think anyone has a crystal ball to be certain that Tesla can reach $1,000 or even $2,000, or when that would happen.</p>\n<p>Despite that, we have presented our arguments for Tesla's current valuation, arguments for its momentum, price action, and long-term uptrend bias that we think is likely to point Tesla on a path towards $1,000 more than going back to $500. We hope you get our gist.</p>\n<p>Lastly, based on the current valuations and price action (it has moved off from our preferred buy point), we<i>maintain our neutral rating on Tesla</i>for now.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Tesla Stock Reach $1000 As Momentum 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\">\nCan Tesla Stock Reach $1000 As Momentum Returns?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 16:45 GMT+8 <a href=https://seekingalpha.com/article/4453330-tesla-stock-reach-1000><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.\nInvestors should move on to using EBIT ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453330-tesla-stock-reach-1000\">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/4453330-tesla-stock-reach-1000","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1168724079","content_text":"Summary\n\nTesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.\nInvestors should move on to using EBIT multiples to value the stock given the company's strong expected EBIT growth momentum moving forward.\nSome investors often missed out on momentum as one of the key factors driving Tesla's stock price, leading them to adopt a surprisingly bearish stance.\nWhile no one has a crystal ball, we show investors what they should consider on whether the stock can reach the $1,000 milestone.\n\nInvestment Thesis\nTesla, Inc. (TSLA) receives one of the highest coverage by the Street as 33 analysts pitched in with their thesis on Tesla, which we think is arguably one of the most contentious stocks in the US with a target price that has found little agreement as the Street's best minds derived a wide target price range from $540 to $860, including 14 very bullish/bullish ratings, 12 neutral ratings, and 7 very bearish/bearish ones.\nStreet's mean target price and ratings. Data source: Seeking Alpha Premium\nIn case we forgot to mention, Ark Invest's super Tesla bull CEO/CIO Cathie Wood recently defended her thesis on Tesla and even emphasized that she didn't see any bubble forming in Tesla's case as the Street's indecisiveness on the company (which is also reflected in the neutral rating above) reflected the market's uncertain position where she believes is conducive for Tesla to climb the wall of worry and move towards the firm's2025 target price of $3,000.\nIn this article, we help our readers understand whether Tesla stock can reach $1,000 (first) and the key underlying factors to consider to reach the key milestone.\nBefore discussing further, in case you are new to Tesla, you may consider reading up on our recent articles on Tesla to help you understand Tesla's business model and market opportunity in greater detail (link to the articles are appendedhereandhere).\nTesla Stock Recent Performance\nTSLA Vs. F Vs. GM 3M performance (as of 02 Sep 21).\nTesla Vs. VLUE Vs. VUG 3M performance (as of 02 Sep 21).\nThere is no doubt that Tesla stock has significantly underperformed the broad market in 2021 with a 4.83% YTD return as of 02 Sep 21. However, the stock has been performing well lately, as it notched an 18.6% return over the last 3 months, which significantly outperformed Ford (F) stock -11% return, and General Motors (GM) stock -17.1% return, as the growth-to-value rotation's momentum fizzled out spectacularly, with growth investing regaining center stage among dip buyers as readers can easily observe from Vanguard Growth ETF's (VUG) outperformance against iShares Value Factor ETF (VLUE) in the last 3 months.\nTherefore, with momentum having returned to growth investing and Tesla stock, we think it's an opportune time for us to help investors to consider whether Tesla could be on its way to break its previous post-split all-time high (ATH) of $900 and reach the $1,000 milestone.\nFocus on Tesla's EBIT Growth\nQuarterly regulatory credits revenue. Data source: Company filings\nTesla's Q2 numbers rebutted a key criticism that detractors often labeled: that the company depends mainly on regulatory credits to generate its profits. In the recent earnings release, Tesla reported a highly impressive quarterly operating income of $1.36B, representing an impressive YoY increase of 308.3%. Moreover, despite Tesla posting its weakest performance for regulatory credits sales of $354M over the last 5 quarters, which clearly demonstrates that the company is making huge strides in its underlying operating performances as it scales.\nLTM EBIT. Data source: S&P Capital IQ\nImportantly, the company has steadily improved its EBIT profile as it scales its operations and achieved an LTM EBIT margin of 7.8% on an EBIT of $3.25B.\nTherefore, we think investors must consider how Tesla will grow its EBIT profitability moving forward to understand how to value Tesla appropriately and test the thesis on whether Tesla stock has the valuation foundation to reach the $1,000 milestone.\nHow Fast is Tesla Expected to Grow its EBIT Next?\nStreet's mean consensus estimates. Data source: S&P Capital IQ\nEstimates CAGR (FY21 to FY25). Data source: S&P Capital IQ\nReaders should be able to easily glean from the above where it's clear that even the \"neutral\" Street analysts expect Tesla's operating performance to continue to shine moving forward as revenue is expected to reach $120.4B by FY25 (which is 17.2% of Ark's $700B FY25 forecast), which would represent an impressive CAGR of 24.4%.\nFurthermore, if investors consider the revenue CAGR of General Motors (5.15%), Toyota (3.14%) (TM), and Volkswagen (4.33%) (OTCPK:VWAGY) over the same period, the Street is certainly expecting Tesla to continue marching forward strongly in its quest to expand its budding electric vehicles (EV) leadership in the automotive market which is undergoing an immense transformation as the legacy automakers are busy preparing for their massive pivot to the EV market in the next few years.\nWhile we think Tesla's expected revenue CAGR certainly looks impressive, what's even more important is that its EBIT and EBITDA are expected to grow even faster than its revenue, as the CAGR for EBIT and EBITDA is expected to reach 43.8% and 26.7%, respectively.\nInvestors who have been used to looking at revenue multiples (EV/Rev or Price/Sales) to value Tesla previously are encouraged to consider valuing Tesla using either EBITDA or EBIT multiples to arrive at meaningful valuation conclusions given the company's expected outperformance in EBIT or EBITDA growth.\nTo help our readers to understand how they can look at Tesla using either of these two metrics, in the following section, we would present our valuation model that considers a blended comp set, as well as a comp set that considers Tesla as a Tech company with software as a focus for our readers to make sense of the company's valuation.\nMaking Sense of Tesla's EBIT Multiples\nWe have elected to use EBIT multiples for this discussion. We consider it more meaningful for comparison given Tesla's relatively high CapEx margins, which is expected for an automaker.\nAutomotive Blended comps set. Data source: S&P Capital IQ\nSoftware comps set. Data source: S&P Capital IQ\nLet us first give a quick introduction to the logic behind both comps sets. The first one is a composite set that comprises some of Tesla's automotive peers. Readers should be able to glean that based on the forward multiples (FY+3 or CY24) of Tesla's pure-play electric peers such as Nio Inc. (NIO) and BYD Company Ltd (OTCPK:BYDDF), Tesla's EV/FY24 EBIT multiple of 64.7x didn't seem unreasonable especially as the company is expected to grow its EBIT much faster and have higher margins than the peers listed in the automotive comps set.\nNext, when we positioned Tesla, Inc. against the leading and emerging software peers, we also didn't find Tesla's CY24 EBIT multiple as excessive either. However, we certainly think it aligns with the peers listed in the comps set as Tesla's EBIT growth rate is impressive. Therefore we think it deserves to be rated in line with emerging software leaders like Palantir (PLTR) or Zoom (ZM), even though its EBIT margins are lower than its software counterparts.\nFair value computation (with reference to automotive blended comps). Data source: S&P Capital IQ\nIn arriving at Tesla's fair value, we rounded down our selected EBIT multiple to 60x at the midpoint and derived a fair value of about $713. Based on the closing price of $739, there is a slight potential downside of -3.6% for TSLA.\nWe think our analysis shows that Tesla's tremendous EBIT growth and progress has been the key pillar underpinning its premium valuation, which didn't look out of line with its pure-play EV peers or the software counterparts.\nSo, if we consider Tesla to be fairly valued right now using estimates up to FY24, then what could drive the stock to reach its $1,000 in the next few years?\nMarket Momentum and Growth Optimism\nSeeking Alpha Quant Rating. Source: Seeking Alpha Premium\nReaders can observe clearly that apart from the value factor, Tesla is rated impressively in the other important areas, especially for Growth and Profitability, as it received the best possible A+ rating. On the other hand, we think TSLA received an F grade for Value, mainly because the quant system compared it against the automotive sector, where the legacy automakers' relatively low valuations affected Tesla's rating.\nMomentum Grade. Source: Seeking Alpha Premium\nImportantly, TSLA's 3M momentum grade of A clearly underscores the huge improvement in upward momentum for the stock as the bulls have been gaining traction in their quest to return the stock to its ATH that was achieved in Jan 21. Unfortunately, we think some investors often do not account for the power of momentum in their analysis, leading to a bearish stance at important inflection points of returning upward momentum for Tesla stock.\nEven though we think valuation is an important component driving stock prices (and valuation is a highly subjective matter for Tesla, as readers could easily refer to the wide range in the Street's forecasts to understand this), readers need to understand that investors' optimism for its growth prospects are crucial factors to consider as this drives momentum. In Tesla's case, we believe these bullish investors consider the huge market opportunities not just in the EV market, but also the company's prospects in autonomous driving, in robotaxi, in insurance, in energy, among others that are key driving forces behind their growth optimism that Tesla would be able to outperform the market's expectations, which would lead to further value expansion.\nThe key risk here for investors to note is that we think bearish investors correctly point out that Tesla still seems far away from achieving these goals. Without these, bearish investors think there's no way that Tesla would be able to sustain its premium valuation.\nOn the other hand, we have also shown that Tesla's current valuation may not seem out of line with its other pure-play EV peers, and so the bulls can certainly justify Tesla's current valuation. What's more challenging for investors is to present a path towards the $1,000 milestone. In this case, we think neither the bulls nor the bears could put forward a convincing fundamental argument right now based on realizing Tesla's market opportunity.\nTSLA Stock Price Action and Trend Analysis”\nTSLA weekly chart.\nWe highlighted previously that despite all the negative press and bearish shoutouts in the market, Tesla stock has never failed to deliver since the COVID-19 market bottom. We are not talking about the fantastic returns that TSLA provided its investors with its monstrous run in 2020, but about the robust long-term momentum that we can clearly observe in Tesla's price action.\nThe rotation in Feb 21 (1st bottom) and May 21 (second bottom) created enough negative sentiments in the market for the stock back then, which not only took out the late bullish investors who were chasing the rally but also bearish investors who were lured into the weak sentiments in Feb 21 and May 21 to adopt a bearish against the EV leader as the strong buyers returned to shake out these bearish bets quickly.\nBear traps are potent methods used by strong and astute market participants to lure and trap bearish investors at the right time to profit off their negative sentiments and turn the stock around for them to go long just when these unsuspecting bearish investors expect the weak sentiments to carry on. Readers need to go back to the coverage of Tesla during Feb and May to find out just how bearish the market was back then. The double bottom price action in May was a bullish signal for Tesla. Unfortunately, many investors who do not have a strong grounding in reading price action often fail to spot these important signals that the market gives away from time to time.\nSo, Can Tesla Reach $1,000?\nFirst, we are Tesla shareholders and have a good margin of safety from the current price. Therefore we are very comfortable holding the remainder of our positions as we have taken profit along the way to protect our capital and would leave the rest of it as a speculative bet on Tesla's future, just in case Ark's $3,000 FY25 price target comes true (as they had done so the first time around). We don't think anyone has a crystal ball to be certain that Tesla can reach $1,000 or even $2,000, or when that would happen.\nDespite that, we have presented our arguments for Tesla's current valuation, arguments for its momentum, price action, and long-term uptrend bias that we think is likely to point Tesla on a path towards $1,000 more than going back to $500. We hope you get our gist.\nLastly, based on the current valuations and price action (it has moved off from our preferred buy point), wemaintain our neutral rating on Teslafor now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906863445,"gmtCreate":1659516834990,"gmtModify":1705981191065,"author":{"id":"4087523202190180","authorId":"4087523202190180","name":"Killerfool","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087523202190180","idStr":"4087523202190180"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMTD\">$AMTD International(AMTD)$</a>10k","listText":"<a href=\"https://ttm.financial/S/AMTD\">$AMTD International(AMTD)$</a>10k","text":"$AMTD International(AMTD)$10k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906863445","isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812734164,"gmtCreate":1630624258158,"gmtModify":1676530356964,"author":{"id":"4087523202190180","authorId":"4087523202190180","name":"Killerfool","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087523202190180","idStr":"4087523202190180"},"themes":[],"htmlText":"?? like","listText":"?? like","text":"?? like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812734164","repostId":"2164296738","repostType":4,"repost":{"id":"2164296738","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":1630618080,"share":"https://ttm.financial/m/news/2164296738?lang=&edition=fundamental","pubTime":"2021-09-03 05:28","market":"hk","language":"en","title":"DraftKings, Caesars and Penn National -- here's how sports-betting stocks performed in August","url":"https://stock-news.laohu8.com/highlight/detail?id=2164296738","media":"Dow Jones","summary":"22 U.S. states, plus Washington D.C., offer some form of legalized sports betting, and many of those","content":"<blockquote>\n 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting, and many of those companies are publicly traded.\n</blockquote>\n<p>Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, sports-betting companies have boomed in popularity.</p>\n<p>As of the end of August, 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting. Companies in those states are constantly competing for customers by offering in-person sportsbook experiences, betting capability for nearly every sport and mobile wagering.</p>\n<p>See also: <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> unveils 'Super Follows,' allowing people to make money off tweets -- see if you qualify</p>\n<p>Many sports-betting operators are also publicly held companies. Some of these companies have non-sports betting aspects of their business, like entertainment and casino operations.</p>\n<p>Here is how sports-betting stocks performed in August:</p>\n<p><b>DraftKings</b></p>\n<p>Shares of DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a> spiked 22.25% in the month of August amid a strong second-quarter earnings report. DraftKings also announced it acquired Golden Nugget Online Gaming in $1.56 billion deal, and held an exclusive Tom Brady NFT release.</p>\n<p>In a recent interview with MarketWatch, DraftKings CEO Jason Robins said a strong 2021 for his company can happen regardless of the dangers of the COVID-19 pandemic.</p>\n<p>\"We couldn't tell how much of that was general momentum with DraftKings and how much of that was people being bored at home,\" Robins told MarketWatch. \"We think it shows we have strong momentum.\"</p>\n<p>Crypto: 'Everything is getting bigger': Naomi Osaka says Dogecoin got her interested in crypto</p>\n<p>During its earnings call in August, DraftKings disclosed an investigation by the Securities and Exchange Commission concerning allegations over \"black-market gaming\" and money laundering made by short seller Hindenburg Research.</p>\n<p><b>Caesars</b></p>\n<p>Shares of Caesars Entertainment Inc. <a href=\"https://laohu8.com/S/CZR\">$(CZR)$</a> jumped 16.33% in August with news it was upgraded to a buy from neutral at BofA Securities.</p>\n<p>Caesars also entered betting partnerships with the NFL's Houston Texans and college football's Fiesta Bowl last month.</p>\n<p>See also: This fake 'Maderna' vaccine card sees woman facing a year in prison and $5,000 fine in Hawaii</p>\n<p>The Wall Street Journal reported that Walt Disney's <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> ESPN was exploring deals to license its brand with sports-betting operators Caesars and DraftKings in a agreement worth at least $3 billion. Both sides are still in negotiations, according to the report.</p>\n<p><b>Penn National Gaming</b></p>\n<p>Shares of Penn National Gaming <a href=\"https://laohu8.com/S/PENN\">$(PENN)$</a> were up 18.6% in August.</p>\n<p>On Aug. 5, Penn National announced it would acquire theScore from Score Media for about $2 billion in cash and stock.</p>\n<p>There have also been recent discussions between Major League Baseball and Penn-owned Barstool Sports to broadcast games. Both sides are still in negotiations, according to The New York Post.</p>\n<p><b>Wynn</b></p>\n<p>Shares of Wynn Resorts Ltd. <a href=\"https://laohu8.com/S/WYNN\">$(WYNN)$</a> increased 3.41% in August after news its online gaming organization WynnBet reached an agreement with the NFL to become an approved sports-betting operator for the league.</p>\n<p>FOX Bet, BetMGM, PointsBet were also made approved sports-betting operators by the NFL.</p>\n<p>\"We are pleased to announce this select group as Approved Sportsbook Operators,\" Nana-Yaw Asamoah, Vice President of Business Development for the NFL, said in a statement \"Along with our three Official Sports Betting Partners, this group of operators will help the league to engage fans in responsible and innovative ways this season as the sports-betting landscape continues to evolve.\"</p>\n<p><b>MGM</b></p>\n<p>Shares of MGM Resorts <a href=\"https://laohu8.com/S/MGM\">$(MGM)$</a> jumped 13.56% in August.</p>\n<p>As previously stated, the MGM-operated BetMGM was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the sports-betting operators that was approved by the NFL for the 2021 season.</p>\n<p>On Aug. 6, it was reported that MGM Resorts is selling $17.2 billion worth of land on the Las Vegas Strip to a New York-based firm VICI Properties Inc. <a href=\"https://laohu8.com/S/VICI\">$(VICI)$</a>.</p>\n<p>The NFL season, which begins in September, is one of the busiest times of the year for U.S. sportsbooks, as no sport has more bets placed on it than football.</p>\n<p>The Roundhill Sports Betting & iGaming ETF <a href=\"https://laohu8.com/S/BETZ\">$(BETZ)$</a>, a tier-weighted index of global sports-betting & iGaming companies, is up 13.87% over the past month, compared to the S&P 500 , which is up 2.98% over that same period.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings, Caesars and Penn National -- here's how sports-betting stocks performed in August</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\">\nDraftKings, Caesars and Penn National -- here's how sports-betting stocks performed in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-03 05:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting, and many of those companies are publicly traded.\n</blockquote>\n<p>Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, sports-betting companies have boomed in popularity.</p>\n<p>As of the end of August, 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting. Companies in those states are constantly competing for customers by offering in-person sportsbook experiences, betting capability for nearly every sport and mobile wagering.</p>\n<p>See also: <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> unveils 'Super Follows,' allowing people to make money off tweets -- see if you qualify</p>\n<p>Many sports-betting operators are also publicly held companies. Some of these companies have non-sports betting aspects of their business, like entertainment and casino operations.</p>\n<p>Here is how sports-betting stocks performed in August:</p>\n<p><b>DraftKings</b></p>\n<p>Shares of DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a> spiked 22.25% in the month of August amid a strong second-quarter earnings report. DraftKings also announced it acquired Golden Nugget Online Gaming in $1.56 billion deal, and held an exclusive Tom Brady NFT release.</p>\n<p>In a recent interview with MarketWatch, DraftKings CEO Jason Robins said a strong 2021 for his company can happen regardless of the dangers of the COVID-19 pandemic.</p>\n<p>\"We couldn't tell how much of that was general momentum with DraftKings and how much of that was people being bored at home,\" Robins told MarketWatch. \"We think it shows we have strong momentum.\"</p>\n<p>Crypto: 'Everything is getting bigger': Naomi Osaka says Dogecoin got her interested in crypto</p>\n<p>During its earnings call in August, DraftKings disclosed an investigation by the Securities and Exchange Commission concerning allegations over \"black-market gaming\" and money laundering made by short seller Hindenburg Research.</p>\n<p><b>Caesars</b></p>\n<p>Shares of Caesars Entertainment Inc. <a href=\"https://laohu8.com/S/CZR\">$(CZR)$</a> jumped 16.33% in August with news it was upgraded to a buy from neutral at BofA Securities.</p>\n<p>Caesars also entered betting partnerships with the NFL's Houston Texans and college football's Fiesta Bowl last month.</p>\n<p>See also: This fake 'Maderna' vaccine card sees woman facing a year in prison and $5,000 fine in Hawaii</p>\n<p>The Wall Street Journal reported that Walt Disney's <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> ESPN was exploring deals to license its brand with sports-betting operators Caesars and DraftKings in a agreement worth at least $3 billion. Both sides are still in negotiations, according to the report.</p>\n<p><b>Penn National Gaming</b></p>\n<p>Shares of Penn National Gaming <a href=\"https://laohu8.com/S/PENN\">$(PENN)$</a> were up 18.6% in August.</p>\n<p>On Aug. 5, Penn National announced it would acquire theScore from Score Media for about $2 billion in cash and stock.</p>\n<p>There have also been recent discussions between Major League Baseball and Penn-owned Barstool Sports to broadcast games. Both sides are still in negotiations, according to The New York Post.</p>\n<p><b>Wynn</b></p>\n<p>Shares of Wynn Resorts Ltd. <a href=\"https://laohu8.com/S/WYNN\">$(WYNN)$</a> increased 3.41% in August after news its online gaming organization WynnBet reached an agreement with the NFL to become an approved sports-betting operator for the league.</p>\n<p>FOX Bet, BetMGM, PointsBet were also made approved sports-betting operators by the NFL.</p>\n<p>\"We are pleased to announce this select group as Approved Sportsbook Operators,\" Nana-Yaw Asamoah, Vice President of Business Development for the NFL, said in a statement \"Along with our three Official Sports Betting Partners, this group of operators will help the league to engage fans in responsible and innovative ways this season as the sports-betting landscape continues to evolve.\"</p>\n<p><b>MGM</b></p>\n<p>Shares of MGM Resorts <a href=\"https://laohu8.com/S/MGM\">$(MGM)$</a> jumped 13.56% in August.</p>\n<p>As previously stated, the MGM-operated BetMGM was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the sports-betting operators that was approved by the NFL for the 2021 season.</p>\n<p>On Aug. 6, it was reported that MGM Resorts is selling $17.2 billion worth of land on the Las Vegas Strip to a New York-based firm VICI Properties Inc. <a href=\"https://laohu8.com/S/VICI\">$(VICI)$</a>.</p>\n<p>The NFL season, which begins in September, is one of the busiest times of the year for U.S. sportsbooks, as no sport has more bets placed on it than football.</p>\n<p>The Roundhill Sports Betting & iGaming ETF <a href=\"https://laohu8.com/S/BETZ\">$(BETZ)$</a>, a tier-weighted index of global sports-betting & iGaming companies, is up 13.87% over the past month, compared to the S&P 500 , which is up 2.98% over that same period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc.","CZR":"凯撒娱乐","MGM":"美高梅","WYNN":"永利度假村","BETZ":"Roundhill Sports Betting & iGaming ETF","PENN":"佩恩国民博彩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164296738","content_text":"22 U.S. states, plus Washington D.C., offer some form of legalized sports betting, and many of those companies are publicly traded.\n\nSince the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, sports-betting companies have boomed in popularity.\nAs of the end of August, 22 U.S. states, plus Washington D.C., offer some form of legalized sports betting. Companies in those states are constantly competing for customers by offering in-person sportsbook experiences, betting capability for nearly every sport and mobile wagering.\nSee also: Twitter unveils 'Super Follows,' allowing people to make money off tweets -- see if you qualify\nMany sports-betting operators are also publicly held companies. Some of these companies have non-sports betting aspects of their business, like entertainment and casino operations.\nHere is how sports-betting stocks performed in August:\nDraftKings\nShares of DraftKings $(DKNG)$ spiked 22.25% in the month of August amid a strong second-quarter earnings report. DraftKings also announced it acquired Golden Nugget Online Gaming in $1.56 billion deal, and held an exclusive Tom Brady NFT release.\nIn a recent interview with MarketWatch, DraftKings CEO Jason Robins said a strong 2021 for his company can happen regardless of the dangers of the COVID-19 pandemic.\n\"We couldn't tell how much of that was general momentum with DraftKings and how much of that was people being bored at home,\" Robins told MarketWatch. \"We think it shows we have strong momentum.\"\nCrypto: 'Everything is getting bigger': Naomi Osaka says Dogecoin got her interested in crypto\nDuring its earnings call in August, DraftKings disclosed an investigation by the Securities and Exchange Commission concerning allegations over \"black-market gaming\" and money laundering made by short seller Hindenburg Research.\nCaesars\nShares of Caesars Entertainment Inc. $(CZR)$ jumped 16.33% in August with news it was upgraded to a buy from neutral at BofA Securities.\nCaesars also entered betting partnerships with the NFL's Houston Texans and college football's Fiesta Bowl last month.\nSee also: This fake 'Maderna' vaccine card sees woman facing a year in prison and $5,000 fine in Hawaii\nThe Wall Street Journal reported that Walt Disney's $(DIS)$ ESPN was exploring deals to license its brand with sports-betting operators Caesars and DraftKings in a agreement worth at least $3 billion. Both sides are still in negotiations, according to the report.\nPenn National Gaming\nShares of Penn National Gaming $(PENN)$ were up 18.6% in August.\nOn Aug. 5, Penn National announced it would acquire theScore from Score Media for about $2 billion in cash and stock.\nThere have also been recent discussions between Major League Baseball and Penn-owned Barstool Sports to broadcast games. Both sides are still in negotiations, according to The New York Post.\nWynn\nShares of Wynn Resorts Ltd. $(WYNN)$ increased 3.41% in August after news its online gaming organization WynnBet reached an agreement with the NFL to become an approved sports-betting operator for the league.\nFOX Bet, BetMGM, PointsBet were also made approved sports-betting operators by the NFL.\n\"We are pleased to announce this select group as Approved Sportsbook Operators,\" Nana-Yaw Asamoah, Vice President of Business Development for the NFL, said in a statement \"Along with our three Official Sports Betting Partners, this group of operators will help the league to engage fans in responsible and innovative ways this season as the sports-betting landscape continues to evolve.\"\nMGM\nShares of MGM Resorts $(MGM)$ jumped 13.56% in August.\nAs previously stated, the MGM-operated BetMGM was one of the sports-betting operators that was approved by the NFL for the 2021 season.\nOn Aug. 6, it was reported that MGM Resorts is selling $17.2 billion worth of land on the Las Vegas Strip to a New York-based firm VICI Properties Inc. $(VICI)$.\nThe NFL season, which begins in September, is one of the busiest times of the year for U.S. sportsbooks, as no sport has more bets placed on it than football.\nThe Roundhill Sports Betting & iGaming ETF $(BETZ)$, a tier-weighted index of global sports-betting & iGaming companies, is up 13.87% over the past month, compared to the S&P 500 , which is up 2.98% over that same period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818958604,"gmtCreate":1630372294608,"gmtModify":1676530283269,"author":{"id":"4087523202190180","authorId":"4087523202190180","name":"Killerfool","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087523202190180","idStr":"4087523202190180"},"themes":[],"htmlText":"To the moon???","listText":"To the moon???","text":"To the moon???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818958604","repostId":"2163833181","repostType":4,"repost":{"id":"2163833181","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":1630353642,"share":"https://ttm.financial/m/news/2163833181?lang=&edition=fundamental","pubTime":"2021-08-31 04:00","market":"us","language":"en","title":"S&P, Nasdaq end at record highs as dovish Fed taper-talk calms investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2163833181","media":"Reuters","summary":"S&P 500 tracks longest monthly winning streak since 2018.\nS&P 500, Nasdaq end at fresh record highs\n","content":"<p>S&P 500 tracks longest monthly winning streak since 2018.</p>\n<p>S&P 500, Nasdaq end at fresh record highs</p>\n<p><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> gains on report it is exploring a stock-trading platform</p>\n<p>Aug 30 (Reuters) - The S&P 500 and Nasdaq ended Monday at fresh record highs as investors jumped into technology stocks, taking comfort from the Federal Reserve's dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.</p>\n<p>Apple Inc jumped to an all-time high, while Microsoft Corp , Amazon.com , Google-owner Alphabet Inc all rose, helping the tech-heavy Nasdaq outperform the S&P 500 and the Dow.</p>\n<p>High-growth tech stocks tend to benefit from expectations of lower rates because their value rests heavily on future earnings.</p>\n<p>The benchmark index is tracking its longest monthly winning streak since 2018 on the promise of easy money, with investors shrugging off signs of a slowing economic recovery and surging COVID-19 cases.</p>\n<p>Fed Chair Jerome Powell said on Friday the central bank would continue to be cautious in its approach to tapering its massive pandemic-era stimulus, while reaffirming a steady economic recovery.</p>\n<p>\"It's now clear that there's going to still be an extraordinary amount of support for this economy, probably until November,\" said Ed Moya, senior market analyst for the Americas at OANDA.</p>\n<p>\"Some investors are thinking that tapering might not even start this year, but the <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing that everyone can agree on is that Chair Powell has signaled they are in no rush to raise interest rates and he's disconnected tapering with rate-hike timing.\"</p>\n<p>The S&P 500 has risen more than 3% so far in August - a seasonally weak period for stocks - and Wells Fargo analysts said last week they expect the index to rise another 8% by the end of the year.</p>\n<p>It is also on track to log one of its best year-to-date returns through August of the past six decades, said Chris Larkin, managing director of trading at E*Trade Financial.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 55.96 points, or 0.16%, to 35,399.84, the S&P 500 gained 19.39 points, or 0.43%, to 4,528.76 and the Nasdaq Composite added 136.22 points, or 0.9%, to 15,265.72.</p>\n<p>While U.S. crude prices rose 0.7% on Monday, energy stocks broadly slipped as investors fretted about possible longer-term impacts to offshore oil production and damage to energy infrastructure from Hurricane Ida, which roared ashore on Sunday near Port Fourchon, Louisiana, a major hub for the U.S. offshore oil industry.</p>\n<p>Falling bond yields also pressured bank stocks, with the S&P 500 banking index ending down.</p>\n<p>PayPal Holdings Inc advanced on a CNBC report that the financial services firm was exploring the development of a stocks trading platform for its U.S. customers. The news helped push Robinhood Markets Inc down.</p>\n<p>U.S.-listed shares of Chinese gaming firm NetEase Inc slumped as Chinese regulators slashed the amount of time players under the age of 18 can spend on online games to an hour on Fridays, weekends and holidays.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Arun Koyyur and Lisa Shumaker)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P, Nasdaq end at record highs as dovish Fed taper-talk calms investors</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\">\nS&P, Nasdaq end at record highs as dovish Fed taper-talk calms investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-31 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>S&P 500 tracks longest monthly winning streak since 2018.</p>\n<p>S&P 500, Nasdaq end at fresh record highs</p>\n<p><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> gains on report it is exploring a stock-trading platform</p>\n<p>Aug 30 (Reuters) - The S&P 500 and Nasdaq ended Monday at fresh record highs as investors jumped into technology stocks, taking comfort from the Federal Reserve's dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.</p>\n<p>Apple Inc jumped to an all-time high, while Microsoft Corp , Amazon.com , Google-owner Alphabet Inc all rose, helping the tech-heavy Nasdaq outperform the S&P 500 and the Dow.</p>\n<p>High-growth tech stocks tend to benefit from expectations of lower rates because their value rests heavily on future earnings.</p>\n<p>The benchmark index is tracking its longest monthly winning streak since 2018 on the promise of easy money, with investors shrugging off signs of a slowing economic recovery and surging COVID-19 cases.</p>\n<p>Fed Chair Jerome Powell said on Friday the central bank would continue to be cautious in its approach to tapering its massive pandemic-era stimulus, while reaffirming a steady economic recovery.</p>\n<p>\"It's now clear that there's going to still be an extraordinary amount of support for this economy, probably until November,\" said Ed Moya, senior market analyst for the Americas at OANDA.</p>\n<p>\"Some investors are thinking that tapering might not even start this year, but the <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing that everyone can agree on is that Chair Powell has signaled they are in no rush to raise interest rates and he's disconnected tapering with rate-hike timing.\"</p>\n<p>The S&P 500 has risen more than 3% so far in August - a seasonally weak period for stocks - and Wells Fargo analysts said last week they expect the index to rise another 8% by the end of the year.</p>\n<p>It is also on track to log one of its best year-to-date returns through August of the past six decades, said Chris Larkin, managing director of trading at E*Trade Financial.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 55.96 points, or 0.16%, to 35,399.84, the S&P 500 gained 19.39 points, or 0.43%, to 4,528.76 and the Nasdaq Composite added 136.22 points, or 0.9%, to 15,265.72.</p>\n<p>While U.S. crude prices rose 0.7% on Monday, energy stocks broadly slipped as investors fretted about possible longer-term impacts to offshore oil production and damage to energy infrastructure from Hurricane Ida, which roared ashore on Sunday near Port Fourchon, Louisiana, a major hub for the U.S. offshore oil industry.</p>\n<p>Falling bond yields also pressured bank stocks, with the S&P 500 banking index ending down.</p>\n<p>PayPal Holdings Inc advanced on a CNBC report that the financial services firm was exploring the development of a stocks trading platform for its U.S. customers. The news helped push Robinhood Markets Inc down.</p>\n<p>U.S.-listed shares of Chinese gaming firm NetEase Inc slumped as Chinese regulators slashed the amount of time players under the age of 18 can spend on online games to an hour on Fridays, weekends and holidays.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Arun Koyyur and Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163833181","content_text":"S&P 500 tracks longest monthly winning streak since 2018.\nS&P 500, Nasdaq end at fresh record highs\nPayPal gains on report it is exploring a stock-trading platform\nAug 30 (Reuters) - The S&P 500 and Nasdaq ended Monday at fresh record highs as investors jumped into technology stocks, taking comfort from the Federal Reserve's dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.\nApple Inc jumped to an all-time high, while Microsoft Corp , Amazon.com , Google-owner Alphabet Inc all rose, helping the tech-heavy Nasdaq outperform the S&P 500 and the Dow.\nHigh-growth tech stocks tend to benefit from expectations of lower rates because their value rests heavily on future earnings.\nThe benchmark index is tracking its longest monthly winning streak since 2018 on the promise of easy money, with investors shrugging off signs of a slowing economic recovery and surging COVID-19 cases.\nFed Chair Jerome Powell said on Friday the central bank would continue to be cautious in its approach to tapering its massive pandemic-era stimulus, while reaffirming a steady economic recovery.\n\"It's now clear that there's going to still be an extraordinary amount of support for this economy, probably until November,\" said Ed Moya, senior market analyst for the Americas at OANDA.\n\"Some investors are thinking that tapering might not even start this year, but the one thing that everyone can agree on is that Chair Powell has signaled they are in no rush to raise interest rates and he's disconnected tapering with rate-hike timing.\"\nThe S&P 500 has risen more than 3% so far in August - a seasonally weak period for stocks - and Wells Fargo analysts said last week they expect the index to rise another 8% by the end of the year.\nIt is also on track to log one of its best year-to-date returns through August of the past six decades, said Chris Larkin, managing director of trading at E*Trade Financial.\nUnofficially, the Dow Jones Industrial Average fell 55.96 points, or 0.16%, to 35,399.84, the S&P 500 gained 19.39 points, or 0.43%, to 4,528.76 and the Nasdaq Composite added 136.22 points, or 0.9%, to 15,265.72.\nWhile U.S. crude prices rose 0.7% on Monday, energy stocks broadly slipped as investors fretted about possible longer-term impacts to offshore oil production and damage to energy infrastructure from Hurricane Ida, which roared ashore on Sunday near Port Fourchon, Louisiana, a major hub for the U.S. offshore oil industry.\nFalling bond yields also pressured bank stocks, with the S&P 500 banking index ending down.\nPayPal Holdings Inc advanced on a CNBC report that the financial services firm was exploring the development of a stocks trading platform for its U.S. customers. The news helped push Robinhood Markets Inc down.\nU.S.-listed shares of Chinese gaming firm NetEase Inc slumped as Chinese regulators slashed the amount of time players under the age of 18 can spend on online games to an hour on Fridays, weekends and holidays.\n(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Arun Koyyur and Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
