Surewin88 personal page - To The Moon

Surewin88

Surewin88

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2022-04-06

$Ardelyx(ARDX)$potential stock

2021-07-18

$XIAOMI-W(01810)$long weekend

2022-01-04

👍

Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power

2021-07-07

Like this

Chinese EV Maker Xpeng surged 1.8% on its first day of trading in Hong Kong

2021-07-02

Like this stock

S&P 500 winning streak extends to sixth straight record close

2021-08-28

$XIAOMI-W(01810)$still not there yet

2021-07-02

Gd stock ?

PayPal: Don't Ignore Venmo's SuperApp Potential

2021-07-01

Pls comment ans like. Tks

Nio Stock Rides Meme Rally Ahead Of Q2 Sales Report

2021-08-18

$XIAOMI-W(01810)$how long i have to wait....

2021-07-17

$Tiger Brokers(TIGR)$why this keeps going down?

2022-04-22

$XIAOMI-W(01810)$waiting....

2022-04-20

$XIAOMI-W(01810)$profits getting lesser when will it rebound ?

2021-07-15

Gd job keep it up

S&P 500 ends higher after Powell lulls market

2021-07-04

Too expensive to own the 5 stocks!

When Big Tech Stumbles, the Market Can Fall Hard. These 5 Funds Can Help.

2023-06-09

Come join me in the game

2022-08-06

$XIAOMI-W(01810)$ok

2022-06-15

$MM2 ASIA LTD.(1B0.SI)$up some more pls

2021-08-06

$KEPPEL REIT(K71U.SI)$wait and wait

2021-07-26

$XIAOMI-W(01810)$will it go up to $30?

2022-09-12

$MM2 ASIA LTD.(1B0.SI)$ok

Go to Tiger App to see more news

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Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","images":[{"img":"https://community-static.tradeup.com/news/ad478b709732d53302c395a52fa1c8e1","width":"1200","height":"630"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234641357262864","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234295290495232,"gmtCreate":1698245597286,"gmtModify":1698245601282,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234295290495232","repostId":"234198841688136","repostType":1,"repost":{"id":234198841688136,"gmtCreate":1698186369451,"gmtModify":1698198559239,"author":{"id":"4098573842489750","authorId":"4098573842489750","name":"ToughCoyote","avatar":"https://static.tigerbbs.com/58563f63b7e52669e57762bb4ebee968","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098573842489750","authorIdStr":"4098573842489750"},"themes":[],"htmlText":"It is noticed that <a href=\"https://ttm.financial/S/01024\">$KUAISHOU-W(01024)$&nbsp;</a><v-v data-views=\"1\"></v-v>Kuaishou fell by almost 6 points today. In addition to the market factors (Hong Kong stocks compensated for the decline), but at this price, Kuaishou still fell more than other Chinese stocks. it can be believed that the problem does not lie in Kuaishou’s fundamentals (in the short term, in the third quarter outlook communicated by the company last week, all indicators showed steady growth; the medium and long-term growth logic is uncertain, and this is not new. argument), so the share price drop is likely due to Friday's announcement of executive changes. Su Hua's resignation as chairman may cause some funds to worry that executives from Su Hua and other factions will have pla","listText":"It is noticed that <a href=\"https://ttm.financial/S/01024\">$KUAISHOU-W(01024)$&nbsp;</a><v-v data-views=\"1\"></v-v>Kuaishou fell by almost 6 points today. In addition to the market factors (Hong Kong stocks compensated for the decline), but at this price, Kuaishou still fell more than other Chinese stocks. it can be believed that the problem does not lie in Kuaishou’s fundamentals (in the short term, in the third quarter outlook communicated by the company last week, all indicators showed steady growth; the medium and long-term growth logic is uncertain, and this is not new. argument), so the share price drop is likely due to Friday's announcement of executive changes. Su Hua's resignation as chairman may cause some funds to worry that executives from Su Hua and other factions will have pla","text":"It is noticed that $KUAISHOU-W(01024)$ Kuaishou fell by almost 6 points today. In addition to the market factors (Hong Kong stocks compensated for the decline), but at this price, Kuaishou still fell more than other Chinese stocks. it can be believed that the problem does not lie in Kuaishou’s fundamentals (in the short term, in the third quarter outlook communicated by the company last week, all indicators showed steady growth; the medium and long-term growth logic is uncertain, and this is not new. argument), so the share price drop is likely due to Friday's announcement of executive changes. Su Hua's resignation as chairman may cause some funds to worry that executives from Su Hua and other factions will have pla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234198841688136","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191360050618592,"gmtCreate":1687737108799,"gmtModify":1687737112761,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;","listText":"[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;","text":"[Happy] 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-04 17:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power.<img src=\"https://static.tigerbbs.com/72f4eb10e6f6b04ab5594f04bfaf7866\" tg-width=\"773\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/>It has set up its annual meeting with a plan to expand voting power of its ClassB shares, consolidating control with its founder, chairman and CEO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156511669","content_text":"Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power.It has set up its annual meeting with a plan to expand voting power of its ClassB shares, consolidating control with its founder, chairman and CEO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140917528,"gmtCreate":1625623387064,"gmtModify":1703745119941,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"Like this","listText":"Like this","text":"Like this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/140917528","repostId":"1171645479","repostType":4,"repost":{"id":"1171645479","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625619855,"share":"https://ttm.financial/m/news/1171645479?lang=&edition=fundamental","pubTime":"2021-07-07 09:04","market":"sh","language":"en","title":"Chinese EV Maker Xpeng surged 1.8% on its first day of trading in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1171645479","media":"Tiger Newspress","summary":"HONG KONG/BEIJING, July 7 - Chinese EV Maker Xpeng surged 1.8% on its Hong Kong debut on Wednesday a","content":"<p>HONG KONG/BEIJING, July 7 - Chinese EV Maker Xpeng surged 1.8% on its Hong Kong debut on Wednesday after an initial public offering.<img src=\"https://static.tigerbbs.com/ef62788dd730141bb2fa3660afd35c73\" tg-width=\"682\" tg-height=\"528\" referrerpolicy=\"no-referrer\">Xpeng issued 85 million Class A ordinary shares at a price of 165 Hong Kong dollars each. Those shares opened at 168 Hong Kong dollars, a 1.8% rise.</p>\n<p>The Guangzhou-based company sold 85 million shares which equates to 5% of its stock, according to its prospectus. There is an over-allotment option to sell a further 12.75 million shares that would raise an extra $270 million.</p>\n<p>Led by Chief Executive He Xiaopeng, Xpeng will use the funds to develop more advanced smart car technologies, such as autonomous driving functions, with its in-house team of engineers, and will expand its product portfolio. It already has plans for two new car plants in <a href=\"https://laohu8.com/S/CAAS\">China</a>.</p>\n<p>It sells mainly in <a href=\"https://laohu8.com/S/CAAS\">China</a>, the world's biggest car market, where it competes with Tesla Inc(TSLA.O)and Nio Inc(NIO.N).</p>\n<p>The electric carmaker is already listed in the U.S. Usually, Chinese companies listed on Wall Street will do what's known as a secondary listing, usually in Hong Kong. This is where a company, listed on one exchange, goes on to sell shares on another.</p>\n<p>Xpeng chose a dual primary listing rather than a secondary listing as it has been listed in <a href=\"https://laohu8.com/S/NYRT\">New York</a> for less than two years. Under Hong Kong rules, a secondary listing requires at least two financial years of good regulatory compliance on another qualifying exchange.</p>\n<p>The dual primary listing allows qualified Chinese investors to take part through the Stock Connect regime linking mainland Chinese and Hong Kong markets, according to the exchange's rules.</p>\n<p>After the rally in 2020, electric car-makers have seen their shares decline this year amid increasing competition from legacy automakers, the global semiconductor shortage and general wariness among investors about holding ontoriskier assets.</p>\n<p>The Hong Kong share sale will add to Xpeng’s war chest as it competes with an array of upstarts in China, the world’s largest market for electric vehicles. It has already raised billions of dollars through its share sales as well asbank loans.</p>\n<p>Xpeng has yet to turn a profit,pledgingto break even by late 2023 or early 2024. Revenue has been increasing, however, reaching 2.95 billion yuan ($456 million) in the first quarter, withdeliveriesin May growing 483% compared to the same month a year earlier.</p>\n<p>With the proceeds from the Hong Kong offering, the company aims to expand its product portfolio and develop more advanced technology, develop new models and improve hardware technology, among other targets. The firm is also planning to expand its presence in international markets starting with some European ones.</p>\n<p>JPMorgan Chase &amp; Co. and Bank of America Corp. are joint sponsors for the Hong Kong offering.</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>Chinese EV Maker Xpeng surged 1.8% on its first day of trading in Hong Kong</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\">\nChinese EV Maker Xpeng surged 1.8% on its first day of trading in Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-07 09:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG/BEIJING, July 7 - Chinese EV Maker Xpeng surged 1.8% on its Hong Kong debut on Wednesday after an initial public offering.<img src=\"https://static.tigerbbs.com/ef62788dd730141bb2fa3660afd35c73\" tg-width=\"682\" tg-height=\"528\" referrerpolicy=\"no-referrer\">Xpeng issued 85 million Class A ordinary shares at a price of 165 Hong Kong dollars each. Those shares opened at 168 Hong Kong dollars, a 1.8% rise.</p>\n<p>The Guangzhou-based company sold 85 million shares which equates to 5% of its stock, according to its prospectus. There is an over-allotment option to sell a further 12.75 million shares that would raise an extra $270 million.</p>\n<p>Led by Chief Executive He Xiaopeng, Xpeng will use the funds to develop more advanced smart car technologies, such as autonomous driving functions, with its in-house team of engineers, and will expand its product portfolio. It already has plans for two new car plants in <a href=\"https://laohu8.com/S/CAAS\">China</a>.</p>\n<p>It sells mainly in <a href=\"https://laohu8.com/S/CAAS\">China</a>, the world's biggest car market, where it competes with Tesla Inc(TSLA.O)and Nio Inc(NIO.N).</p>\n<p>The electric carmaker is already listed in the U.S. Usually, Chinese companies listed on Wall Street will do what's known as a secondary listing, usually in Hong Kong. This is where a company, listed on one exchange, goes on to sell shares on another.</p>\n<p>Xpeng chose a dual primary listing rather than a secondary listing as it has been listed in <a href=\"https://laohu8.com/S/NYRT\">New York</a> for less than two years. Under Hong Kong rules, a secondary listing requires at least two financial years of good regulatory compliance on another qualifying exchange.</p>\n<p>The dual primary listing allows qualified Chinese investors to take part through the Stock Connect regime linking mainland Chinese and Hong Kong markets, according to the exchange's rules.</p>\n<p>After the rally in 2020, electric car-makers have seen their shares decline this year amid increasing competition from legacy automakers, the global semiconductor shortage and general wariness among investors about holding ontoriskier assets.</p>\n<p>The Hong Kong share sale will add to Xpeng’s war chest as it competes with an array of upstarts in China, the world’s largest market for electric vehicles. It has already raised billions of dollars through its share sales as well asbank loans.</p>\n<p>Xpeng has yet to turn a profit,pledgingto break even by late 2023 or early 2024. Revenue has been increasing, however, reaching 2.95 billion yuan ($456 million) in the first quarter, withdeliveriesin May growing 483% compared to the same month a year earlier.</p>\n<p>With the proceeds from the Hong Kong offering, the company aims to expand its product portfolio and develop more advanced technology, develop new models and improve hardware technology, among other targets. The firm is also planning to expand its presence in international markets starting with some European ones.</p>\n<p>JPMorgan Chase &amp; Co. and Bank of America Corp. are joint sponsors for the Hong Kong offering.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171645479","content_text":"HONG KONG/BEIJING, July 7 - Chinese EV Maker Xpeng surged 1.8% on its Hong Kong debut on Wednesday after an initial public offering.Xpeng issued 85 million Class A ordinary shares at a price of 165 Hong Kong dollars each. Those shares opened at 168 Hong Kong dollars, a 1.8% rise.\nThe Guangzhou-based company sold 85 million shares which equates to 5% of its stock, according to its prospectus. There is an over-allotment option to sell a further 12.75 million shares that would raise an extra $270 million.\nLed by Chief Executive He Xiaopeng, Xpeng will use the funds to develop more advanced smart car technologies, such as autonomous driving functions, with its in-house team of engineers, and will expand its product portfolio. It already has plans for two new car plants in China.\nIt sells mainly in China, the world's biggest car market, where it competes with Tesla Inc(TSLA.O)and Nio Inc(NIO.N).\nThe electric carmaker is already listed in the U.S. Usually, Chinese companies listed on Wall Street will do what's known as a secondary listing, usually in Hong Kong. This is where a company, listed on one exchange, goes on to sell shares on another.\nXpeng chose a dual primary listing rather than a secondary listing as it has been listed in New York for less than two years. Under Hong Kong rules, a secondary listing requires at least two financial years of good regulatory compliance on another qualifying exchange.\nThe dual primary listing allows qualified Chinese investors to take part through the Stock Connect regime linking mainland Chinese and Hong Kong markets, according to the exchange's rules.\nAfter the rally in 2020, electric car-makers have seen their shares decline this year amid increasing competition from legacy automakers, the global semiconductor shortage and general wariness among investors about holding ontoriskier assets.\nThe Hong Kong share sale will add to Xpeng’s war chest as it competes with an array of upstarts in China, the world’s largest market for electric vehicles. It has already raised billions of dollars through its share sales as well asbank loans.\nXpeng has yet to turn a profit,pledgingto break even by late 2023 or early 2024. Revenue has been increasing, however, reaching 2.95 billion yuan ($456 million) in the first quarter, withdeliveriesin May growing 483% compared to the same month a year earlier.\nWith the proceeds from the Hong Kong offering, the company aims to expand its product portfolio and develop more advanced technology, develop new models and improve hardware technology, among other targets. The firm is also planning to expand its presence in international markets starting with some European ones.\nJPMorgan Chase & Co. and Bank of America Corp. are joint sponsors for the Hong Kong offering.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156338021,"gmtCreate":1625194394563,"gmtModify":1703738107814,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"Like this stock","listText":"Like this stock","text":"Like this stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/156338021","repostId":"1175817125","repostType":4,"repost":{"id":"1175817125","kind":"news","pubTimestamp":1625180880,"share":"https://ttm.financial/m/news/1175817125?lang=&edition=fundamental","pubTime":"2021-07-02 07:08","market":"us","language":"en","title":"S&P 500 winning streak extends to sixth straight record close","url":"https://stock-news.laohu8.com/highlight/detail?id=1175817125","media":"Reuters","summary":"NEW YORK  - The S&P 500 reached its sixth consecutive all-time closing high on Thursday, as a new quarter and the second half of the year began with upbeat economic data and a broad-based rally.Investors now eye Friday’s much-anticipated employment report.The bellwether index is enjoying its longest winning streak since early February, and the last time it logged six straight all-time highs was last August.“Historical data shows if you have a strong first half, the second half of the year was ac","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 reached its sixth consecutive all-time closing high on Thursday, as a new quarter and the second half of the year began with upbeat economic data and a broad-based rally.</p>\n<p>Investors now eye Friday’s much-anticipated employment report.</p>\n<p>The bellwether index is enjoying its longest winning streak since early February, and the last time it logged six straight all-time highs was last August.</p>\n<p>“Historical data shows if you have a strong first half, the second half of the year was actually going even stronger,” said Ross Mayfield, investment strategy analyst with Baird Private Wealth.</p>\n<p>All three major U.S. stock indexes ended the session in positive territory, but a decline in tech shares - led by microchips - tempered the Nasdaq’s gain.</p>\n<p>The Philadelphia SE Semiconductor index slid 1.5%</p>\n<p>“For markets so far this year, boring is beautiful,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York. “Economic growth has been strong enough to support prices and many asset classes are trading with historically low volatility.”</p>\n<p>“It feels like investors left for the Fourth of July weekend about three months ago.”</p>\n<p>The ongoing worker shortage, attributed to federal emergency unemployment benefits, a childcare shortage and lingering pandemic fears, was a common theme in the day’s economic data.</p>\n<p>Jobless claims continued their downward trajectory according to the Labor Department, touching their lowest level since the pandemic shutdown, and a report from Challenger, Gray &amp; Christmas showed planned layoffs by U.S. firms were down 88% from last year, hitting a 21-year low.</p>\n<p>Activity at U.S. factories expanded at a slightly decelerated pace in June, according to the Institute for Supply Management’s (ISM) purchasing managers’ index (PMI), with the employment component dipping into contraction for the first time since November. The prices paid index, driven higher by the current demand/supply imbalance, soared to its highest level since 1979, according to ISM.</p>\n<p>“The employment and manufacturing data released today supported the idea of continued growth but at a decelerated rate,” Carter added.</p>\n<p>Friday’s hotly anticipated jobs report is expected to show payrolls growing by 700,000 and unemployment inching down to 5.7%. A robust upside surprise could lead the U.S. Federal Reserve to adjust its timetable for tapering its securities purchases and raising key interest rates.</p>\n<p>“Too-strong economic data could perversely be a bad thing for markets if it caused the Fed to raise rates faster than expected,” Carter said. “Weak employment data may actually be welcomed.”</p>\n<p>The Dow Jones Industrial Average rose 131.02 points, or 0.38%, to 34,633.53, the S&amp;P 500 gained 22.44 points, or 0.52%, to 4,319.94 and the Nasdaq Composite added 18.42 points, or 0.13%, to 14,522.38.</p>\n<p>Of the 11 major sectors in the S&amp;P 500, consumer staples was the sole loser, shedding 0.3%.</p>\n<p>Walgreens Boots Alliance Inc dropped 7.4% after it said it expects to administer fewer COVID-19 vaccine shots in the fourth quarter.</p>\n<p>Didi Global Inc jumped 16.0%, on its second day of trading as a U.S.-listed company.</p>\n<p>Micron Technology Inc slid by 5.7% following a report that Texas Instruments would buy Micron’s Lehi, Utah, factory for $900 million.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.78-to-1 ratio; on Nasdaq, a 1.32-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 78 new highs and 30 new lows.</p>\n<p>Volume on U.S. exchanges was 9.53 billion shares, compared with the 10.9 billion average over the last 20 trading days.</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 500 winning streak extends to sixth straight record close</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 500 winning streak extends to sixth straight record close\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-winning-streak-extends-to-sixth-straight-record-close-idUSL2N2OD332><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 reached its sixth consecutive all-time closing high on Thursday, as a new quarter and the second half of the year began with upbeat economic data and a broad-based ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-winning-streak-extends-to-sixth-straight-record-close-idUSL2N2OD332\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-winning-streak-extends-to-sixth-straight-record-close-idUSL2N2OD332","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175817125","content_text":"NEW YORK (Reuters) - The S&P 500 reached its sixth consecutive all-time closing high on Thursday, as a new quarter and the second half of the year began with upbeat economic data and a broad-based rally.\nInvestors now eye Friday’s much-anticipated employment report.\nThe bellwether index is enjoying its longest winning streak since early February, and the last time it logged six straight all-time highs was last August.\n“Historical data shows if you have a strong first half, the second half of the year was actually going even stronger,” said Ross Mayfield, investment strategy analyst with Baird Private Wealth.\nAll three major U.S. stock indexes ended the session in positive territory, but a decline in tech shares - led by microchips - tempered the Nasdaq’s gain.\nThe Philadelphia SE Semiconductor index slid 1.5%\n“For markets so far this year, boring is beautiful,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York. “Economic growth has been strong enough to support prices and many asset classes are trading with historically low volatility.”\n“It feels like investors left for the Fourth of July weekend about three months ago.”\nThe ongoing worker shortage, attributed to federal emergency unemployment benefits, a childcare shortage and lingering pandemic fears, was a common theme in the day’s economic data.\nJobless claims continued their downward trajectory according to the Labor Department, touching their lowest level since the pandemic shutdown, and a report from Challenger, Gray & Christmas showed planned layoffs by U.S. firms were down 88% from last year, hitting a 21-year low.\nActivity at U.S. factories expanded at a slightly decelerated pace in June, according to the Institute for Supply Management’s (ISM) purchasing managers’ index (PMI), with the employment component dipping into contraction for the first time since November. The prices paid index, driven higher by the current demand/supply imbalance, soared to its highest level since 1979, according to ISM.\n“The employment and manufacturing data released today supported the idea of continued growth but at a decelerated rate,” Carter added.\nFriday’s hotly anticipated jobs report is expected to show payrolls growing by 700,000 and unemployment inching down to 5.7%. A robust upside surprise could lead the U.S. Federal Reserve to adjust its timetable for tapering its securities purchases and raising key interest rates.\n“Too-strong economic data could perversely be a bad thing for markets if it caused the Fed to raise rates faster than expected,” Carter said. “Weak employment data may actually be welcomed.”\nThe Dow Jones Industrial Average rose 131.02 points, or 0.38%, to 34,633.53, the S&P 500 gained 22.44 points, or 0.52%, to 4,319.94 and the Nasdaq Composite added 18.42 points, or 0.13%, to 14,522.38.\nOf the 11 major sectors in the S&P 500, consumer staples was the sole loser, shedding 0.3%.\nWalgreens Boots Alliance Inc dropped 7.4% after it said it expects to administer fewer COVID-19 vaccine shots in the fourth quarter.\nDidi Global Inc jumped 16.0%, on its second day of trading as a U.S.-listed company.\nMicron Technology Inc slid by 5.7% following a report that Texas Instruments would buy Micron’s Lehi, Utah, factory for $900 million.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.78-to-1 ratio; on Nasdaq, a 1.32-to-1 ratio favored advancers.\nThe S&P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 78 new highs and 30 new lows.\nVolume on U.S. exchanges was 9.53 billion shares, compared with the 10.9 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813108635,"gmtCreate":1630142798627,"gmtModify":1676530234198,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>still not there yet","listText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>still not there yet","text":"$XIAOMI-W(01810)$still not there yet","images":[{"img":"https://static.tigerbbs.com/f636c88d10b15595c267c78606fbb1f9","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/813108635","isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578824176286890","authorId":"3578824176286890","name":"泰格沫沫","avatar":"https://static.tigerbbs.com/e621f91306fe6fe110ebdca2e1cc2db3","crmLevel":5,"crmLevelSwitch":0,"idStr":"3578824176286890","authorIdStr":"3578824176286890"},"content":"Why do you have 6 strands of millet? Did you take part in any activities?","text":"Why do you have 6 strands of millet? Did you take part in any activities?","html":"Why do you have 6 strands of millet? Did you take part in any activities?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":156681154,"gmtCreate":1625217988678,"gmtModify":1703738577640,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"Gd stock ?","listText":"Gd stock ?","text":"Gd stock ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156681154","repostId":"1108156772","repostType":4,"repost":{"id":"1108156772","kind":"news","pubTimestamp":1625217845,"share":"https://ttm.financial/m/news/1108156772?lang=&edition=fundamental","pubTime":"2021-07-02 17:24","market":"us","language":"en","title":"PayPal: Don't Ignore Venmo's SuperApp Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=1108156772","media":"seekingalpha","summary":"Summary\n\nPayPal’s leadership in digital payments has continued to grow from strength to strength, ev","content":"<p><b>Summary</b></p>\n<ul>\n <li>PayPal’s leadership in digital payments has continued to grow from strength to strength, even though more challengers have since emerged.</li>\n <li>This clearly demonstrates the immense opportunities for the leading digital payments players in the market.</li>\n <li>We also think that investors may not have fully understood Venmo’s incredible potential.</li>\n <li>While we think PayPal’s robust business model offers a lot of potential upside in the years ahead, we are slightly cautious on its current valuations.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>PayPal (PYPL) is the leading digital payments player in the world. The company has operations in more than 200 countries, and posted392M active accountsin Q1’21.</p>\n<p>While we think that many investors and consumers have used PayPal before, they may not be fully aware of the company’s dominant market leadership that has allowed PayPal to generate high levels of EBIT and FCF profitability over the years, while also experiencing high revenue growth rates, leveraging on the secular growth driven by digitisation.</p>\n<p><b>Rapid Growth in Active Accounts and TPV</b></p>\n<p><img src=\"https://static.tigerbbs.com/f3484547e07501967e8f39e9dc671045\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Active accounts. Data source: Company filings</p>\n<p><img src=\"https://static.tigerbbs.com/69859f7b303fab639a063ad5511e1064\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Payment transactions per active account. Data source: Company filings</p>\n<p>The company’s leadership in digital payments is clearly shown in the growth of its active accounts, as it grew from 237M in Q1’18 to 392M in Q1’21, which represented a highly respectable CAGR of 18.3%. At the same time, PYPL has also been consistently growing its payment transactions per active account [TPA] over time to 42.2 in Q1’21. In fact, the company has continued to guide towards a higher TPA moving forward as a result of its ongoing efforts in using AI in its product development to further personalize the company’s offerings for its customers, as the company added:</p>\n<blockquote>\n ... really excited about the commerce tab in the new wallet. That's all done through machine learning, personalization, working hand in hand with merchants to really create these demand curves, create the best offers and rewards tailored to each of our users. And that will just get stronger and stronger as we go forward. And what I would expect to see a year from now is you should start to seeTPA start to acceleratein terms of transactions per active [account].\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/474940eec54f3337c9de39817158fc57\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>TPV trend. Data source: Company filings</p>\n<p>As a result of PYPL’s continued success in growing its active accounts, we were thus not surprised to observe rapid growth in its TPV from $132.36B in Q1’18 to $285.45B in Q1’21, which represented a remarkable 29.2% CAGR over the last 3 years. We think PYPL is likely to continue experiencing rapid growth moving forward with increased e-commerce penetration, rapid growth in the P2P payments space through Venmo, and the company’s strong leadership and branding among consumers.</p>\n<p><b>PayPal's Strong Brand Leadership</b></p>\n<p><img src=\"https://static.tigerbbs.com/52451689fec170b7067994acd7574ecb\" tg-width=\"934\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p>\n<p>Use of and interest of payment apps among consumers in the U.S. in 2021. Data source: CivicScience</p>\n<p>Based on the survey shown above, we could clearly observe PYPL’s strong preference among consumers as 38% of respondents indicated they have used PYPL and liked it, easily outperforming its competitors.</p>\n<p>In addition, according to Datanyze, PYPL has a54.35% market share, putting it way ahead of second-placed Stripe, which has a 19.14% market share, therefore giving PYPL a commanding leadership in this space. We think investors could now clearly observe how PYPL’s strong branding and leadership in the market has helped the company to post such fantastic active accounts and TPV growth over the last 3 years.</p>\n<p>While we think the space has gotten more competitive, with emerging players such as Square (SQ), Amazon (AMZN), Alphabet (GOOGL) (GOOG), and Apple (AAPL) gaining market share, we think the secular tailwinds driving growth in digital payments is large enough to accomodate the leading players, and we think PYPL’s leadership should see them continue to lead the growth in the years ahead.</p>\n<p>In addition, PYPL’s growth with itsQR code paymenthas also helped the company to continue expanding its omni-channel approach in the digital payments space to include both online and offline merchants, in which PYPL has highlighted that they have been growing rapidly:</p>\n<blockquote>\n And so I'm really pleased with the progress we've made. We're putting on a merchant location with QR codes something like every 25, 28 seconds right now. These are all pretty massive numbers that are going on, but it's a huge marketplace out there. But the thing is that it's clear that payments are becoming digital, whether they [are] offline or online, and it's clear that retailers are looking at things now in a fundamentally different perspective. They are not dividing things into online and offline. It is full omni for them. That really plays right into our strength, plays into the strength of the digital wallet, plays into our scale that we have, the trust that consumers have in us.\n</blockquote>\n<p>Therefore, we believe that as the world’s economies start to reopen gradually, and footfall starts to return to the malls, we think PYPL’s QR code payment is likely to be a key beneficiary which would give the company's progress a key boost in the years ahead.</p>\n<p>Don't Ignore Venmo's Potential</p>\n<p>While we think many investors are more excited with Square’s Cash App recently, the market leader in the P2P space is actually Zelle, which generated a TPV of $272B in 2020, that is expected to grow to $500.82B by 2022 according to a report byeMarketer. This would thus represent a phenomenal 2Y CAGR of 35.7%.</p>\n<p><img src=\"https://static.tigerbbs.com/b136036df4a5818581d80b036a98deb9\" tg-width=\"1020\" tg-height=\"920\" referrerpolicy=\"no-referrer\"></p>\n<p>Venmo users and penetration.</p>\n<p>While Venmo is not expected to lead P2P's overall TPV, it is expected to continue its lead in terms of total number of users, as well as penetration rate, as the number of users on Venmo is expected to grow from 77.8M in 2021 to 107.6M by 2025, and more importantly would also give the company a commanding penetration rate of 61.8% of the market’s P2P mobile payment users by 2025. PayPal has also been open about its ambitions with Venmo, boldly asserting that: ”Pay with Venmo is obviously going to be a very large thing just like PayPal became a very large thing off eBay.”</p>\n<p>Most importantly, Venmo is also expected to experience rapid growth in TPV as Venmo’s TPV is expected to increase from $148.8B in 2020 to $304.52B by 2023, which would represent a CAGR of 27%. Therefore, we see a lot of opportunities in this space that we think investors may not have fully understood and factored into their expectations. The company clearly articulated what they thought about the Venmo opportunity:</p>\n<blockquote>\n Venmo is like a nascent PayPal of like 5 or 6 years ago. If you look at the TPV annualized of Venmo and you look at the TPV of PayPal 5 or 6 years ago, they're equivalent. And the ability to monetize that user base, that growth rate is so exciting for us. And next year, we'll become profitable on the Venmo side. It's been a long time coming. I expect to see those revenue numbers continue to ramp quite nicely in the years ahead.\n</blockquote>\n<p>We think PYPL has certainly studied the blueprint of WeChat Pay (OTCPK:TCEHY) and AliPay (BABA) very well, the 2 dominant mobile payments platforms in China with a combined market share of over 90%. PYPL would continue to roll out even more features, and uses for its Venmo user base, with ambitions of making it a SuperApp:</p>\n<blockquote>\n We got a whole bunch of things we're putting out. First of all, Venmo is going to become a digital wallet. And you know that the millennials that live on Venmo want to do more and more with them. That has been a clear ask that's been going on. They want to live their financial lives on Venmo. We're going to allow them to do that. We're going to take -- a lot of the functions that we're putting into the PayPal Wallet 2.0 that we'll talk about, the digital wallet, the super app, we're going to move it into Venmo as well. And Venmo has got a ton of things just on its road map right now.\n</blockquote>\n<p>Therefore, we think that investors may not have fully understood PayPal’s ambitions in Venmo. The company is fully committed to making Venmo a great success.</p>\n<p>PayPal's Highly Profitable Business Model</p>\n<p><img src=\"https://static.tigerbbs.com/c5b1c2cf13fe268c1fb2595c47c89cca\" tg-width=\"1280\" tg-height=\"704\" referrerpolicy=\"no-referrer\"></p>\n<p>EBIT margin, projected EBIT margin, projected YoY revenue growth. Data source: S&amp;P Capital IQ</p>\n<p>Therefore, we continue to expect this highly profitable company to continue delivering a solid profitability moving forward, with YoY revenue growth north of 20%, and with significantly improved EBIT margins above 25%, as compared to its LTM EBIT margin of 17.9%.</p>\n<p>Valuations are on the High Side Though</p>\n<p><img src=\"https://static.tigerbbs.com/33901fd82071071698f5a3434104f9ac\" tg-width=\"1280\" tg-height=\"696\" referrerpolicy=\"no-referrer\"></p>\n<p>Various valuation metrics. Data source: S&amp;P Capital IQ</p>\n<p><img src=\"https://static.tigerbbs.com/eb4554c87fd34f4c8ddf5e66700cbe7a\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>\n<p>NTM (TEV / Rev).</p>\n<p>While we are truly impressed with PYPL’s business model, and are highly excited about its future prospects, we are a little less excited about its current valuations. Even though the stock’s EV / FY+1 Rev is trading at about 12.9x, it’s still way above its 3Y mean of 7.75x. In addition, we also find its EV / Fwd (EBITDA - CapEx), which is used as a proxy to measure its FCF valuations, also looks quite expensive at 50.1x.</p>\n<p>While we think that the prospect of the company’s growth drivers certainly deserve a valuation upgrade above its mean, we also wanted to be a bit more careful of not chasing an expensive valuation (as it’s near the top of its 3Y mean of 13.78x), notwithstanding one with an excellent business model.</p>\n<p>We are therefore cautious in trumpeting our bullish thesis on our concern with the stock’s valuation, and would prefer to rate the stock at neutral at this point in time.</p>\n<p><b>Price Action and Trend Analysis</b></p>\n<p><img src=\"https://static.tigerbbs.com/016d5147e30ca624f66882ae4a8b720d\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>While there is no doubt to PYPL’s strong long-term uptrend, which certainly validates the stock’s status as a long-term leader, we were unable to find an optimal entry point based on the stock’s current price action. In addition to what we think is an elevated valuation at this point in time, we do not encourage investors to add more positions to PYPL right now, and would encourage patience.</p>\n<p>However, if a major retracement is to take place, we would surely be observing the $225 level to add to our positions. Investors should however also note that this level would get less relevant with the passing of time if the stock’s momentum continues pushing it higher, in which we would then look to revise our optimal entry points moving forward.</p>\n<p><b>Wrapping It All Up</b></p>\n<p>There should be little doubt in growth investors’ mind now just how robust and complete PayPal’s business model is, as it offers investors the elusive trifecta of high growth, high EBIT and FCF margins at the same time. While we remain very bullish on the company’s potential upside in the years ahead, we would prefer to wait for the next retracement before considering adding more positions.</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>PayPal: Don't Ignore Venmo's SuperApp Potential</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\">\nPayPal: Don't Ignore Venmo's SuperApp Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 17:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437569-paypal-dont-ignore-venmo-superapp-potential><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPayPal’s leadership in digital payments has continued to grow from strength to strength, even though more challengers have since emerged.\nThis clearly demonstrates the immense opportunities ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437569-paypal-dont-ignore-venmo-superapp-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://seekingalpha.com/article/4437569-paypal-dont-ignore-venmo-superapp-potential","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1108156772","content_text":"Summary\n\nPayPal’s leadership in digital payments has continued to grow from strength to strength, even though more challengers have since emerged.\nThis clearly demonstrates the immense opportunities for the leading digital payments players in the market.\nWe also think that investors may not have fully understood Venmo’s incredible potential.\nWhile we think PayPal’s robust business model offers a lot of potential upside in the years ahead, we are slightly cautious on its current valuations.\n\nInvestment Thesis\nPayPal (PYPL) is the leading digital payments player in the world. The company has operations in more than 200 countries, and posted392M active accountsin Q1’21.\nWhile we think that many investors and consumers have used PayPal before, they may not be fully aware of the company’s dominant market leadership that has allowed PayPal to generate high levels of EBIT and FCF profitability over the years, while also experiencing high revenue growth rates, leveraging on the secular growth driven by digitisation.\nRapid Growth in Active Accounts and TPV\n\nActive accounts. Data source: Company filings\n\nPayment transactions per active account. Data source: Company filings\nThe company’s leadership in digital payments is clearly shown in the growth of its active accounts, as it grew from 237M in Q1’18 to 392M in Q1’21, which represented a highly respectable CAGR of 18.3%. At the same time, PYPL has also been consistently growing its payment transactions per active account [TPA] over time to 42.2 in Q1’21. In fact, the company has continued to guide towards a higher TPA moving forward as a result of its ongoing efforts in using AI in its product development to further personalize the company’s offerings for its customers, as the company added:\n\n ... really excited about the commerce tab in the new wallet. That's all done through machine learning, personalization, working hand in hand with merchants to really create these demand curves, create the best offers and rewards tailored to each of our users. And that will just get stronger and stronger as we go forward. And what I would expect to see a year from now is you should start to seeTPA start to acceleratein terms of transactions per active [account].\n\n\nTPV trend. Data source: Company filings\nAs a result of PYPL’s continued success in growing its active accounts, we were thus not surprised to observe rapid growth in its TPV from $132.36B in Q1’18 to $285.45B in Q1’21, which represented a remarkable 29.2% CAGR over the last 3 years. We think PYPL is likely to continue experiencing rapid growth moving forward with increased e-commerce penetration, rapid growth in the P2P payments space through Venmo, and the company’s strong leadership and branding among consumers.\nPayPal's Strong Brand Leadership\n\nUse of and interest of payment apps among consumers in the U.S. in 2021. Data source: CivicScience\nBased on the survey shown above, we could clearly observe PYPL’s strong preference among consumers as 38% of respondents indicated they have used PYPL and liked it, easily outperforming its competitors.\nIn addition, according to Datanyze, PYPL has a54.35% market share, putting it way ahead of second-placed Stripe, which has a 19.14% market share, therefore giving PYPL a commanding leadership in this space. We think investors could now clearly observe how PYPL’s strong branding and leadership in the market has helped the company to post such fantastic active accounts and TPV growth over the last 3 years.\nWhile we think the space has gotten more competitive, with emerging players such as Square (SQ), Amazon (AMZN), Alphabet (GOOGL) (GOOG), and Apple (AAPL) gaining market share, we think the secular tailwinds driving growth in digital payments is large enough to accomodate the leading players, and we think PYPL’s leadership should see them continue to lead the growth in the years ahead.\nIn addition, PYPL’s growth with itsQR code paymenthas also helped the company to continue expanding its omni-channel approach in the digital payments space to include both online and offline merchants, in which PYPL has highlighted that they have been growing rapidly:\n\n And so I'm really pleased with the progress we've made. We're putting on a merchant location with QR codes something like every 25, 28 seconds right now. These are all pretty massive numbers that are going on, but it's a huge marketplace out there. But the thing is that it's clear that payments are becoming digital, whether they [are] offline or online, and it's clear that retailers are looking at things now in a fundamentally different perspective. They are not dividing things into online and offline. It is full omni for them. That really plays right into our strength, plays into the strength of the digital wallet, plays into our scale that we have, the trust that consumers have in us.\n\nTherefore, we believe that as the world’s economies start to reopen gradually, and footfall starts to return to the malls, we think PYPL’s QR code payment is likely to be a key beneficiary which would give the company's progress a key boost in the years ahead.\nDon't Ignore Venmo's Potential\nWhile we think many investors are more excited with Square’s Cash App recently, the market leader in the P2P space is actually Zelle, which generated a TPV of $272B in 2020, that is expected to grow to $500.82B by 2022 according to a report byeMarketer. This would thus represent a phenomenal 2Y CAGR of 35.7%.\n\nVenmo users and penetration.\nWhile Venmo is not expected to lead P2P's overall TPV, it is expected to continue its lead in terms of total number of users, as well as penetration rate, as the number of users on Venmo is expected to grow from 77.8M in 2021 to 107.6M by 2025, and more importantly would also give the company a commanding penetration rate of 61.8% of the market’s P2P mobile payment users by 2025. PayPal has also been open about its ambitions with Venmo, boldly asserting that: ”Pay with Venmo is obviously going to be a very large thing just like PayPal became a very large thing off eBay.”\nMost importantly, Venmo is also expected to experience rapid growth in TPV as Venmo’s TPV is expected to increase from $148.8B in 2020 to $304.52B by 2023, which would represent a CAGR of 27%. Therefore, we see a lot of opportunities in this space that we think investors may not have fully understood and factored into their expectations. The company clearly articulated what they thought about the Venmo opportunity:\n\n Venmo is like a nascent PayPal of like 5 or 6 years ago. If you look at the TPV annualized of Venmo and you look at the TPV of PayPal 5 or 6 years ago, they're equivalent. And the ability to monetize that user base, that growth rate is so exciting for us. And next year, we'll become profitable on the Venmo side. It's been a long time coming. I expect to see those revenue numbers continue to ramp quite nicely in the years ahead.\n\nWe think PYPL has certainly studied the blueprint of WeChat Pay (OTCPK:TCEHY) and AliPay (BABA) very well, the 2 dominant mobile payments platforms in China with a combined market share of over 90%. PYPL would continue to roll out even more features, and uses for its Venmo user base, with ambitions of making it a SuperApp:\n\n We got a whole bunch of things we're putting out. First of all, Venmo is going to become a digital wallet. And you know that the millennials that live on Venmo want to do more and more with them. That has been a clear ask that's been going on. They want to live their financial lives on Venmo. We're going to allow them to do that. We're going to take -- a lot of the functions that we're putting into the PayPal Wallet 2.0 that we'll talk about, the digital wallet, the super app, we're going to move it into Venmo as well. And Venmo has got a ton of things just on its road map right now.\n\nTherefore, we think that investors may not have fully understood PayPal’s ambitions in Venmo. The company is fully committed to making Venmo a great success.\nPayPal's Highly Profitable Business Model\n\nEBIT margin, projected EBIT margin, projected YoY revenue growth. Data source: S&P Capital IQ\nTherefore, we continue to expect this highly profitable company to continue delivering a solid profitability moving forward, with YoY revenue growth north of 20%, and with significantly improved EBIT margins above 25%, as compared to its LTM EBIT margin of 17.9%.\nValuations are on the High Side Though\n\nVarious valuation metrics. Data source: S&P Capital IQ\n\nNTM (TEV / Rev).\nWhile we are truly impressed with PYPL’s business model, and are highly excited about its future prospects, we are a little less excited about its current valuations. Even though the stock’s EV / FY+1 Rev is trading at about 12.9x, it’s still way above its 3Y mean of 7.75x. In addition, we also find its EV / Fwd (EBITDA - CapEx), which is used as a proxy to measure its FCF valuations, also looks quite expensive at 50.1x.\nWhile we think that the prospect of the company’s growth drivers certainly deserve a valuation upgrade above its mean, we also wanted to be a bit more careful of not chasing an expensive valuation (as it’s near the top of its 3Y mean of 13.78x), notwithstanding one with an excellent business model.\nWe are therefore cautious in trumpeting our bullish thesis on our concern with the stock’s valuation, and would prefer to rate the stock at neutral at this point in time.\nPrice Action and Trend Analysis\n\nSource: TradingView\nWhile there is no doubt to PYPL’s strong long-term uptrend, which certainly validates the stock’s status as a long-term leader, we were unable to find an optimal entry point based on the stock’s current price action. In addition to what we think is an elevated valuation at this point in time, we do not encourage investors to add more positions to PYPL right now, and would encourage patience.\nHowever, if a major retracement is to take place, we would surely be observing the $225 level to add to our positions. Investors should however also note that this level would get less relevant with the passing of time if the stock’s momentum continues pushing it higher, in which we would then look to revise our optimal entry points moving forward.\nWrapping It All Up\nThere should be little doubt in growth investors’ mind now just how robust and complete PayPal’s business model is, as it offers investors the elusive trifecta of high growth, high EBIT and FCF margins at the same time. While we remain very bullish on the company’s potential upside in the years ahead, we would prefer to wait for the next retracement before considering adding more positions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151571812,"gmtCreate":1625100419636,"gmtModify":1703736078724,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"Pls comment ans like. Tks","listText":"Pls comment ans like. Tks","text":"Pls comment ans like. Tks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/151571812","repostId":"2148177548","repostType":4,"repost":{"id":"2148177548","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1625099760,"share":"https://ttm.financial/m/news/2148177548?lang=&edition=fundamental","pubTime":"2021-07-01 08:36","market":"us","language":"en","title":"Nio Stock Rides Meme Rally Ahead Of Q2 Sales Report","url":"https://stock-news.laohu8.com/highlight/detail?id=2148177548","media":"Investors","summary":"Nio, Xpeng Motors and Li Auto will report June and Q2 deliveries amid the global chip shortage.","content":"<p><b>Nio</b> and <b>Xpeng Motors</b> gear up to report June and Q2 deliveries amid the global chip shortage, as the Chinese EV startups stiffen their challenge to <b>Tesla</b> with new EV launches and initiatives. Nio stock rose amid meme-renewed stock traction.</p>\n<p>Sales of Nio's premium electric SUVs nearly doubled in May on a year-over-year basis, after more than doubling in April. The emerging Tesla rival in China will have to deliver 7,187 electric SUVs in June to meet the low end of its target to deliver 21,000-22,000 EVs in the second quarter.</p>\n<p>Year over year, Xpeng Motors' deliveries of its G3 electric SUV and P7 electric sedan jumped 285% in April and soared 483% in May. It hasn't given a Q2 delivery target.</p>\n<p>Investors will also watch if Nio returns to month-over-month growth, after May sales fell vs. April. Tesla also slowed sharply in China last month vs. April.</p>\n<p>Unlike Nio and Tesla, Xpeng grew May sales both year over year and month over month. It cites strong demand for electric vehicles, which boast features such as automatic lane changing.</p>\n<p><b>Li Auto</b> also will report June and Q2 sales.</p>\n<h2>New EVs Will Follow Key Moves This Week</h2>\n<p>On Wednesday, Nio stock was the most mentioned stock in r/WallStreetBets discussions on Reddit. Shares soared earlier this year on similar online buzz.</p>\n<p>Meanwhile, both Nio and Xpeng are bringing new and more affordable EVs to market, hoping to shake Tesla's dominance in China. They're also accelerating on other fronts.</p>\n<p>On July 9, Nio will hold a Nio Power Day event. It announced the event, focused on EV batteries and charging, earlier this week. And on Wednesday, U.S.-listed Xpeng said that a dual Hong Kong listing raised the equivalent of $1.8 billion, pricing at $42.52 per ADS. Shares are set to begin trading in Hong Kong July 7.</p>\n<p>On Wednesday, local reports said that Nio added 11 battery swap stations to its charging network in China, taking the total on its network to 300. Nio sharply accelerated the pace of additions this week as it targets 500 battery swap stations in China by the end of 2021.</p>\n<p>Also on Wednesday, reports said that Nio added more than 110 robots to its factory as a key new EV looms.</p>\n<h2>Nio Stock, Xpeng Motors Stock</h2>\n<p>Shares of Nio popped nearly 5% to 52.82 on the stock market today and are up roughly 17% so far this week on the Power Day news. Despite the recent rally, Nio stock remains 23% below its 52-week high. Xpeng stock lost 1.9% to 43.49, Li Auto added 1.8%, and Tesla picked up 1.2%.</p>\n<p>Xpeng's new electric sedan, the P5, arriving by year end, will be the world's first EV with lidar technology, enabling highly autonomous driving capabilities, the company says. It's also likely to be a smaller and more affordable version of the current P7 sedan.</p>\n<p>Meanwhile, Nio's fourth electric vehicle and first sedan, the ET7, arrives in Q1 2021. It's expected to cost less than Tesla's new Model S Plaid.</p>\n<p>Tesla, which dominates China's premium EV market, reports Q2 deliveries later this week. It could deliver about 200,000 vehicles, according to reports, on the back of improving China demand.</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>Nio Stock Rides Meme Rally Ahead Of Q2 Sales Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Stock Rides Meme Rally Ahead Of Q2 Sales Report\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-07-01 08:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Nio</b> and <b>Xpeng Motors</b> gear up to report June and Q2 deliveries amid the global chip shortage, as the Chinese EV startups stiffen their challenge to <b>Tesla</b> with new EV launches and initiatives. Nio stock rose amid meme-renewed stock traction.</p>\n<p>Sales of Nio's premium electric SUVs nearly doubled in May on a year-over-year basis, after more than doubling in April. The emerging Tesla rival in China will have to deliver 7,187 electric SUVs in June to meet the low end of its target to deliver 21,000-22,000 EVs in the second quarter.</p>\n<p>Year over year, Xpeng Motors' deliveries of its G3 electric SUV and P7 electric sedan jumped 285% in April and soared 483% in May. It hasn't given a Q2 delivery target.</p>\n<p>Investors will also watch if Nio returns to month-over-month growth, after May sales fell vs. April. Tesla also slowed sharply in China last month vs. April.</p>\n<p>Unlike Nio and Tesla, Xpeng grew May sales both year over year and month over month. It cites strong demand for electric vehicles, which boast features such as automatic lane changing.</p>\n<p><b>Li Auto</b> also will report June and Q2 sales.</p>\n<h2>New EVs Will Follow Key Moves This Week</h2>\n<p>On Wednesday, Nio stock was the most mentioned stock in r/WallStreetBets discussions on Reddit. Shares soared earlier this year on similar online buzz.</p>\n<p>Meanwhile, both Nio and Xpeng are bringing new and more affordable EVs to market, hoping to shake Tesla's dominance in China. They're also accelerating on other fronts.</p>\n<p>On July 9, Nio will hold a Nio Power Day event. It announced the event, focused on EV batteries and charging, earlier this week. And on Wednesday, U.S.-listed Xpeng said that a dual Hong Kong listing raised the equivalent of $1.8 billion, pricing at $42.52 per ADS. Shares are set to begin trading in Hong Kong July 7.</p>\n<p>On Wednesday, local reports said that Nio added 11 battery swap stations to its charging network in China, taking the total on its network to 300. Nio sharply accelerated the pace of additions this week as it targets 500 battery swap stations in China by the end of 2021.</p>\n<p>Also on Wednesday, reports said that Nio added more than 110 robots to its factory as a key new EV looms.</p>\n<h2>Nio Stock, Xpeng Motors Stock</h2>\n<p>Shares of Nio popped nearly 5% to 52.82 on the stock market today and are up roughly 17% so far this week on the Power Day news. Despite the recent rally, Nio stock remains 23% below its 52-week high. Xpeng stock lost 1.9% to 43.49, Li Auto added 1.8%, and Tesla picked up 1.2%.</p>\n<p>Xpeng's new electric sedan, the P5, arriving by year end, will be the world's first EV with lidar technology, enabling highly autonomous driving capabilities, the company says. It's also likely to be a smaller and more affordable version of the current P7 sedan.</p>\n<p>Meanwhile, Nio's fourth electric vehicle and first sedan, the ET7, arrives in Q1 2021. It's expected to cost less than Tesla's new Model S Plaid.</p>\n<p>Tesla, which dominates China's premium EV market, reports Q2 deliveries later this week. It could deliver about 200,000 vehicles, according to reports, on the back of improving China demand.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2148177548","content_text":"Nio and Xpeng Motors gear up to report June and Q2 deliveries amid the global chip shortage, as the Chinese EV startups stiffen their challenge to Tesla with new EV launches and initiatives. Nio stock rose amid meme-renewed stock traction.\nSales of Nio's premium electric SUVs nearly doubled in May on a year-over-year basis, after more than doubling in April. The emerging Tesla rival in China will have to deliver 7,187 electric SUVs in June to meet the low end of its target to deliver 21,000-22,000 EVs in the second quarter.\nYear over year, Xpeng Motors' deliveries of its G3 electric SUV and P7 electric sedan jumped 285% in April and soared 483% in May. It hasn't given a Q2 delivery target.\nInvestors will also watch if Nio returns to month-over-month growth, after May sales fell vs. April. Tesla also slowed sharply in China last month vs. April.\nUnlike Nio and Tesla, Xpeng grew May sales both year over year and month over month. It cites strong demand for electric vehicles, which boast features such as automatic lane changing.\nLi Auto also will report June and Q2 sales.\nNew EVs Will Follow Key Moves This Week\nOn Wednesday, Nio stock was the most mentioned stock in r/WallStreetBets discussions on Reddit. Shares soared earlier this year on similar online buzz.\nMeanwhile, both Nio and Xpeng are bringing new and more affordable EVs to market, hoping to shake Tesla's dominance in China. They're also accelerating on other fronts.\nOn July 9, Nio will hold a Nio Power Day event. It announced the event, focused on EV batteries and charging, earlier this week. And on Wednesday, U.S.-listed Xpeng said that a dual Hong Kong listing raised the equivalent of $1.8 billion, pricing at $42.52 per ADS. Shares are set to begin trading in Hong Kong July 7.\nOn Wednesday, local reports said that Nio added 11 battery swap stations to its charging network in China, taking the total on its network to 300. Nio sharply accelerated the pace of additions this week as it targets 500 battery swap stations in China by the end of 2021.\nAlso on Wednesday, reports said that Nio added more than 110 robots to its factory as a key new EV looms.\nNio Stock, Xpeng Motors Stock\nShares of Nio popped nearly 5% to 52.82 on the stock market today and are up roughly 17% so far this week on the Power Day news. Despite the recent rally, Nio stock remains 23% below its 52-week high. Xpeng stock lost 1.9% to 43.49, Li Auto added 1.8%, and Tesla picked up 1.2%.\nXpeng's new electric sedan, the P5, arriving by year end, will be the world's first EV with lidar technology, enabling highly autonomous driving capabilities, the company says. It's also likely to be a smaller and more affordable version of the current P7 sedan.\nMeanwhile, Nio's fourth electric vehicle and first sedan, the ET7, arrives in Q1 2021. It's expected to cost less than Tesla's new Model S Plaid.\nTesla, which dominates China's premium EV market, reports Q2 deliveries later this week. It could deliver about 200,000 vehicles, according to reports, on the back of improving China demand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833551328,"gmtCreate":1629251366964,"gmtModify":1676529979361,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>how long i have to wait....","listText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>how long i have to wait....","text":"$XIAOMI-W(01810)$how long i have to wait....","images":[{"img":"https://static.tigerbbs.com/703a25e39c64f1dd7e30367a211597cb","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/833551328","isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":179343591,"gmtCreate":1626488664613,"gmtModify":1703761018065,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>why this keeps going down?","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>why this keeps going down?","text":"$Tiger Brokers(TIGR)$why this keeps going down?","images":[{"img":"https://static.tigerbbs.com/fc83664cfff344c7f188a9f5eaf17b8a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/179343591","isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569639162959237","authorId":"3569639162959237","name":"HAU3","avatar":"https://static.tigerbbs.com/4ef8cf2de397a16c24957289de1b0a09","crmLevel":2,"crmLevelSwitch":0,"idStr":"3569639162959237","authorIdStr":"3569639162959237"},"content":"Dont worry, time will tell!","text":"Dont worry, time will tell!","html":"Dont worry, time will tell!"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9085397589,"gmtCreate":1650641293214,"gmtModify":1676534769611,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$</a>waiting....","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$</a>waiting....","text":"$XIAOMI-W(01810)$waiting....","images":[{"img":"https://community-static.tradeup.com/news/94233f0967e3c55705738fe3b1cc567b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9085397589","isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9086600554,"gmtCreate":1650442391677,"gmtModify":1676534725003,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$</a>profits getting lesser when will it rebound ?","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$</a>profits getting lesser when will it rebound ?","text":"$XIAOMI-W(01810)$profits getting lesser when will it rebound ?","images":[{"img":"https://community-static.tradeup.com/news/9dc26c5d1c0bd2d7d9443df6154ce631","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086600554","isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":147054420,"gmtCreate":1626322721060,"gmtModify":1703757875921,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"Gd job keep it up","listText":"Gd job keep it up","text":"Gd job keep it up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/147054420","repostId":"2151548988","repostType":4,"repost":{"id":"2151548988","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626292832,"share":"https://ttm.financial/m/news/2151548988?lang=&edition=fundamental","pubTime":"2021-07-15 04:00","market":"us","language":"en","title":"S&P 500 ends higher after Powell lulls market","url":"https://stock-news.laohu8.com/highlight/detail?id=2151548988","media":"Reuters","summary":"Powell says economy 'a ways off' from bond taper.BofA slips as low interest rates hurt lending business.July 14  - The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.Of the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.U.S. monetary policy will offer \"powerful support\" to the econ","content":"<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)</p>\n<ul>\n <li>Powell says economy 'a ways off' from bond taper.</li>\n <li>BofA slips as low interest rates hurt lending business.</li>\n <li>American Airlines up on positive forecast.</li>\n</ul>\n<p>July 14 (Reuters) - The S&amp;P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.</p>\n<p>Of the 11 S&amp;P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.</p>\n<p>U.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.</p>\n<p>Powell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.</p>\n<p>Investors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.</p>\n<p>With banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&amp;P 500 companies, according to IBES estimate data from Refinitiv.</p>\n<p>The S&amp;P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.</p>\n<p>\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Apple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.</p>\n<p>Microsoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.</p>\n<p>Microsoft and Apple supported the S&amp;P 500 more than any other stocks.</p>\n<p>$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates</p>\n<p>Wells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup</p>\n<p>fell after comfortably beat market estimates for second-quarter profits.</p>\n<p>Those reports followed strong results on Tuesday from JPMorgan Chase &amp; Co and Goldman Sachs Group Inc .</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&amp;P 500 gained 0.10% to 4,373.55.</p>\n<p>The Nasdaq Composite dropped 0.26% to 14,639.60.</p>\n<p>American Airlines rallied after it forecast positive cash flow.</p>\n<p>Lululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.</p>\n<p>(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)</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 500 ends higher after Powell lulls market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 ends higher after Powell lulls market\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\">2021-07-15 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)</p>\n<ul>\n <li>Powell says economy 'a ways off' from bond taper.</li>\n <li>BofA slips as low interest rates hurt lending business.</li>\n <li>American Airlines up on positive forecast.</li>\n</ul>\n<p>July 14 (Reuters) - The S&amp;P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.</p>\n<p>Of the 11 S&amp;P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.</p>\n<p>U.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.</p>\n<p>Powell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.</p>\n<p>Investors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.</p>\n<p>With banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&amp;P 500 companies, according to IBES estimate data from Refinitiv.</p>\n<p>The S&amp;P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.</p>\n<p>\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Apple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.</p>\n<p>Microsoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.</p>\n<p>Microsoft and Apple supported the S&amp;P 500 more than any other stocks.</p>\n<p>$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates</p>\n<p>Wells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup</p>\n<p>fell after comfortably beat market estimates for second-quarter profits.</p>\n<p>Those reports followed strong results on Tuesday from JPMorgan Chase &amp; Co and Goldman Sachs Group Inc .</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&amp;P 500 gained 0.10% to 4,373.55.</p>\n<p>The Nasdaq Composite dropped 0.26% to 14,639.60.</p>\n<p>American Airlines rallied after it forecast positive cash flow.</p>\n<p>Lululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.</p>\n<p>(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF",".IXIC":"NASDAQ Composite","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","SH":"标普500反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","IVV":"标普500指数ETF","POWL":"Powell Industries"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151548988","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)\n\nPowell says economy 'a ways off' from bond taper.\nBofA slips as low interest rates hurt lending business.\nAmerican Airlines up on positive forecast.\n\nJuly 14 (Reuters) - The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.\nOf the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.\nU.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.\nPowell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.\nInvestors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.\nWith banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&P 500 companies, according to IBES estimate data from Refinitiv.\nThe S&P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.\n\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.\nApple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.\nMicrosoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.\nMicrosoft and Apple supported the S&P 500 more than any other stocks.\n$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates\nWells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup\nfell after comfortably beat market estimates for second-quarter profits.\nThose reports followed strong results on Tuesday from JPMorgan Chase & Co and Goldman Sachs Group Inc .\nUnofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&P 500 gained 0.10% to 4,373.55.\nThe Nasdaq Composite dropped 0.26% to 14,639.60.\nAmerican Airlines rallied after it forecast positive cash flow.\nLululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.\n(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155893536,"gmtCreate":1625398350425,"gmtModify":1703741263677,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"Too expensive to own the 5 stocks!","listText":"Too expensive to own the 5 stocks!","text":"Too expensive to own the 5 stocks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/155893536","repostId":"1189605893","repostType":4,"repost":{"id":"1189605893","kind":"news","pubTimestamp":1625363433,"share":"https://ttm.financial/m/news/1189605893?lang=&edition=fundamental","pubTime":"2021-07-04 09:50","market":"us","language":"en","title":"When Big Tech Stumbles, the Market Can Fall Hard. These 5 Funds Can Help.","url":"https://stock-news.laohu8.com/highlight/detail?id=1189605893","media":"Barron's","summary":"It is possible to have too much of a good thing. After riding five megacap technology stocks to new highs after new highs, investors’ portfolios may be uncomfortably concentrated in these winners at a time that some strategists see a potential turn ahead in the markets.Investors’ portfolios are chock-full of these stocks, leaving them less diversified for a possible turn in the market. These companies are already beginning to slow down. Take Amazon, which accounts for roughly 4% of the S&P 500—m","content":"<p>It is possible to have too much of a good thing. After riding five megacap technology stocks to new highs after new highs, investors’ portfolios may be uncomfortably concentrated in these winners at a time that some strategists see a potential turn ahead in the markets.</p>\n<p>Owning the Big Five—Apple(ticker: AAPL),Microsoft(MSFT),Amazon.com(AMZN),Facebook(FB), andAlphabet’sGoogle (GOOGL)—has been lucrative: These companies have logged gains of 125% to 245% since the beginning of 2019. These stocks are widely held, not just by index investors, but also among all kinds of active fund managers—including those who don’t typically own growth companies.</p>\n<p>Together, the five companies account for almost 22% of theS&amp;P 500index. Of course, the Nifty Fifty stocks dominated the 1970s, and blue-chip stalwarts such asIBM(IBM) andAT&amp;T(T) ruled the 1980s. Those companies may have wielded even more influence over the broad economy than today’s biggest companies do, but the level of market concentration is higher now, and the Big Five’s impact on the broad market is much greater because of their size, according to Howard Silverblatt, senior index analyst at S&amp;P Dow Jones Indices. Apple and Microsoft are the first U.S. stocks whose market values have soared past $2 trillion. Though it has slipped a bit this year, Apple hit peak concentration for a single stock in the S&amp;P 500 last year at about 7%, higher than IBM’s in its heyday.</p>\n<p>There are signs that investor appetite for risk is waning, which could hurt the prospects for the growth of Big Tech. There has beena selloff in speculative cornersof the market, such as cryptocurrencies and special purpose acquisition companies, better known as SPACs. And, of course, there is therising consternationabout both inflation andinterest ratesmoving higher. If the Big Fiveslow downor tumble, the entire market—including all index investors—will feel it. If these stocks decline by 10%, for instance, in order for the S&amp;P 500 to keep trading flat, the bottom 100 stocks in the index would have to rise by a collective 75%, according toGoldman Sachs.This dynamic explains why narrow market breadth has often preceded big losses.</p>\n<p><b>When Less May Be More</b></p>\n<p>These funds are more diversified than the S&amp;P 500, and could be more resilient if the tech megacaps stumble.</p>\n<p><img src=\"https://static.tigerbbs.com/d308adf067ef3205da5f7c1bddb75e77\" tg-width=\"697\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p>Investors’ portfolios are chock-full of these stocks, leaving them less diversified for a possible turn in the market. These companies are already beginning to slow down. Take Amazon, which accounts for roughly 4% of the S&amp;P 500—more than the energy, real estate, materials, or utilities sectors. Amazon hasn’t hit an all-time high this year, and has underperformed the S&amp;P 500 by 25 percentage points since September 2020 amid questions about the company’s e-commerce growth. Add in regulatory pressure, which could make the path ahead for these companies rockier, such as a House panel’s approval of sweeping legislation last month that could curb the dominance of companies like Google and Facebook.</p>\n<p>A global recovery could also make the Big Five stocks less special. “The story line with megacap tech stocks has been that economic growth has been hard to find and rates so low that you wanted to own powerful growth stocks,” says Scott Opsal, director of research at Leuthold Group. “But for those who think the economy has room to run, you don’t have to pay up for the growth that investors were willing to pay for in 2018 or 2019.” For Opsal, the changing backdrop is reason for a barbell approach, owning some of the technology winners but also diversifying into a wider array of more value-oriented and smaller stocks.</p>\n<p>With the market so concentrated in a handful of megacap tech stocks, Opsal says that investors may want the type of funds that do what the fund consultants advise against: be willing to drift out of their lane, and be willing to not fit neatly into a growth or value category.</p>\n<p>It isn’t easy finding good fund managers with the acumen to pick the right stocks beyond the other 495, the grit to avoid the crowd, and the track record that demonstrates to investors that they can be different and correct. Performance doesn’t look all that great for managers whose wariness led them to own less of the technology darlings that drove the market to highs over the past several years. And the decision to not own any—or even just less—of these companies sometimes pushed managers out of theirMorningstarcategory into areas like large-cap blend.</p>\n<p>High active share has often been a go-to gauge for finding fund managers who look different than their benchmarks. That’s a good place to start, but different doesn’t always lead to outperformance, so Morningstar strategist Alec Lucas recommends understanding what is in the managers’ portfolios and the thinking behind the picks—as well as when they buy or sell the stocks.</p>\n<p><i>Barron’s</i>looked for large-cap growth-oriented managers that don’t usually stick too close to an index and have long, and strong, track records. We turned up both diversified and concentrated funds; some didn’t own any of the Big Five, while some owned a bit, albeit less than their peers. All may offer investors a way to tweak rather than overhaul their portfolios, giving them some more diversification while still tapping into large, growing companies.</p>\n<p><b>A Concentrated Approach</b></p>\n<p>The Akre Focus fund (AKREX) falls into the concentrated bucket. It owns about 20 well-managed companies that the managers, John Neff and Chris Cerrone, think are superior businesses and adept at reinvesting in the companies. The fund has just a 4% turnover, so it holds on to its investments for years. That has been a winning long-term strategy: Akre Focus has an 18% average annual return over the past decade, beating 84% of its peers.</p>\n<p>The past few years have been tough, though: The fund hasn’t owned the Big Five, and has just 13% of its assets in any kind of technology company, whereas most of its peers have close to a third in tech. It has averaged 22% annually over the past three years; not too shabby on an absolute basis, but landing it midpack among competitors. The managers are resolute in finding growth elsewhere. “They are tremendous businesses, but how many more times can they double in value, given their current size? Maybe many times, but it’s an important question,” says Neff. “We’ve generally focused on smaller businesses with ostensibly longer runways with which to compound.”</p>\n<p>The tech investments that the managers have made are largely in software companies like Constellation Software (CSU.Canada),Adobe(ADBE), andCoStar Group(CSGP) that have long paths to growth ahead of them as more companies rely on their products. The fund also looks for companies with the type of “network effect” that makes Google and Amazon attractive—the business model gets stronger as more people use it, and makes the company that much harder to replace. Top holdings like Mastercard (MA) andVisa(V) fit that description.</p>\n<p>Many of the companies the duo favors are positioned to hold up, stand out, or even benefit from difficult times, like auto-parts retailerO’Reilly Automotive(ORLY), which recently reported its best comparable same-store sales in 25 years. Given the market backdrop, co-manager Cerrone says they aren’t finding that many bargains today—and they are willing to hold cash if that continues. Today, cash sits at just 2%. “We frankly wish we had more cash than we do today,” Cerrone says. “We’re not bearish, but we think we will be presented with better opportunities.”</p>\n<p><b>Underappreciated Growth</b></p>\n<p>The $10.1 billionPrimecap Odyssey Growthfund (POGRX) hunts for companies with above-average earnings growth, but not one of the Big Five tech stocks can be spotted in their top 10 holdings.</p>\n<p>That underweight has been painful; the fund’s 19.6% annual average return over the past five years puts it in the bottom third of large growth funds. But the managers’ willingness to stick with companies with above-average growth for the long haul, often adding to their shares in downturns, wins them fans.</p>\n<p>The fund’s managers are investing in some of the broad trends driving the Big Five—like e-commerce and cloud computing—but doing it differently, says Morningstar’s Lucas. For example, the fund owns Alibaba Group Holding (BABA) instead of Amazon, opting for China’s version of an e-commerce and cloud-computing giant that also trades at a meaningful discount to the U.S. company, Lucas says. Primecap declined to comment.</p>\n<p>About 18% of the fund is invested outside the U.S. and its average price/earnings ratio is 20, cheaper than the 29 for the large growth category, according to Morningstar. Though the fund isn’t concentrated in the Big Five tech stocks, it has double the stake in healthcare, almost 30% of assets, than other large growth funds. Its top 10 positions includeEli Lilly(LLY),Biogen(BIIB),Abiomed(ABMD), andAmgen(AMGN).</p>\n<p><b>Lean Profit Machines</b></p>\n<p>The $10.3 billionJensen Quality Growth(JENSX) focuses on companies that generate 15% return on equity for 10 consecutive years—a metric that co-manager Eric Schoenstein sees as a gauge forfoundational excellenceand fortress-like competitive advantages. Amazon and Facebook don’t make the cut. Alphabet, Microsoft, and Apple rank among the top holdings, but Schoenstein holds roughly a third less than in the Russell 1000 Growth index. Schoenstein says he is trying to be conscious of the risk of concentration if the momentum trade reverts or regulation puts a target on these companies’ backs.</p>\n<p>Schoenstein’s caution and a focus on quality companies have pushed the fund toward the bottom decile of the large blend Morningstar category year to date, with a return of 11.6%. But the fund’s 17.3% average return over the past five years puts it in the top 35% of large-blend funds tracked by Morningstar. Plus, the fund’s risk-adjusted, long-term performance stands out, losing about 77% as much as the S&amp;P 500 and Russell 1000 Growth indexes when stocks have fallen since Schoenstein began co-managing the fund in 2004, according to Morningstar.</p>\n<p>Lately, Schoenstein has been adding to quality stocks that may not be growing as fast but are more attractively priced as investors have left them behind, such asStarbucks(SBUX)—a stock that had been too pricey until the pandemic hit. “What better business is there to be in than branded addiction?” Schoenstein asks.</p>\n<p>While offices in New York City may not get to 100% occupancy, Schoenstein sees hybrid work situations continuing to drive business to Starbucks, potentially with fewer customers but higher sales, as one person buys for multiple people. The company is also closing stores to become more efficient and moving more toward quick-serve and grab-and-go in some locations rather than an all-day café experience.</p>\n<p><img src=\"https://static.tigerbbs.com/81aeb359e30f7394a363f00feb8ce0cf\" tg-width=\"707\" tg-height=\"477\" referrerpolicy=\"no-referrer\"></p>\n<p>Insurance is another area that Schoenstein has been adding to, with companies like Marsh &amp; McLennan (MMC), which is dominant in multiple businesses—insurance brokerage, health benefits, and retirement asset management with Mercer. Switching costs are high in the world of insurance, and the company benefits from new trends in cybersecurity and data privacy, as well.</p>\n<p>Another recent purchase: Data-analytics providerVerisk Analytics(VRSK), which serves property and casualty insurers and gets about 80% of its revenue from subscriptions and long-term agreements. The company helps take raw data and analyze it to help insurers, for example, underwrite policies. Says Schoenstein: “Some recovery is still needed because business has struggled over the past year, with business failures and companies putting [projects] on hold. So, it’s a small position, but I think about companies that are super-entrenched with their customers.”</p>\n<p><b>Multiple Managers</b></p>\n<p>Unlike the Jensen and Akre funds, which typically own 20 to 30 stocks, the $87 billionAmerican Funds Amcapfund (AMCPX) is well diversified, with more than 200 holdings, as managers hunt for the best ideas regardless of size.Abbott Laboratories(ABT),Broadcom(AVGO),EOG Resources(EOG), and Mastercard are top holdings along with four of the megacap tech quintuplets.</p>\n<p>But the fund is valuation-sensitive, and its allocation to the Big Five is lower than other growth managers, hurting its performance over the past five years; its average annual return of 17.3% puts it in the bottom decile of performance. For investors looking for diversification, the fund is a relatively cheap option—charging an expense ratio of 0.68%—that isn’t beholden to a benchmark and is run by multiple managers who can hunt for their highest-conviction ideas.</p>\n<p>Managers favor companies with strong competitive positioning, which can allow companies to boost prices and better weather near-term inflationary periods. While that includes a healthy helping of healthcare and technology stocks, managers have also gravitated toward cyclical growth companies, including semiconductor firms, travel-related companies, auto suppliers, retailers, and financials benefiting from secular growth as well as getting an additional boost from the Covid recovery.</p>\n<p>“It’s very consistent, and a good core fund with a lot of good stockpickers behind it,” says Russel Kinnel, Morningstar’s director of manager research. “You want a fund to have some good technology exposure because it’s a dynamic sector.”</p>\n<p><b>Growth on the Cheap</b></p>\n<p>The $357 million Cambiar Opportunity fund (CAMOX) is a concentrated fund that owns roughly 40 stocks. The fund looks for relative values among industry winners that boast strong long-term demand prospects and pricing power that differentiate it from some of its peers. The fund’s 16% average annual return over the past five years helped it beat 94% of its large-value peers.</p>\n<p>The fund holds Amazon, which it bought for the first time in early 2020 when the market wasn’t giving the e-commerce behemoth much value for its cloud business. It has been harder to own other megacap technology stocks, says Ania Aldrich, an investment principal at Cambiar. That’s in part because of their high valuations, but especially as exchange-traded funds continue to receive record-high inflows—$400 billion in the first half of 2021, versus $507 billion for all of last year, according to ETF.com—which contributes to the market concentration.</p>\n<p>Instead, the fund has focused on areas such as financials, including JPMorgan Chase (JPM) and Charles Schwab (SCHW), that can grow in this economic environment. Both would benefit from higher interest rates, but Aldrich says that wasn’t the reason to buy the stocks. Schwab, for example, is taking market share in wealth management, and its recent acquisition of Ameritrade gives it more heft and the ability to be more cost-efficient.</p>\n<p>Also attractive are companies that haven’t yet seen a full reopening of their businesses, like casino operatorPenn National Gaming(PENN), which Aldrich says is well positioned as states look for more revenue andallow online gambling, and food distributorSysco(SYY), which has yet to benefit from colleges and conferences getting back into full swing. While Sysco’s shares are up 43% in the past year, Aldrich sees more room for gains, noting that the company is a market leader and can take market share as smaller firms consolidate. Plus, it has pricing power to pass on higher commodity costs since it is a distributor.</p>\n<p>Another recent addition:Uber Technologies(UBER), which Aldrich says isn’t just a reopening beneficiary but also has increased the reach of its platform by moving into food delivery and opening the door to other services. “In the past, it was hard to outperform when you weren’t involved in the [concentrated stocks], but we see these trends as transitory. As growth normalizes, the value of other stocks should be recognized.”</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>When Big Tech Stumbles, the Market Can Fall Hard. These 5 Funds Can Help.</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\">\nWhen Big Tech Stumbles, the Market Can Fall Hard. These 5 Funds Can Help.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-04 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/big-tech-stocks-risk-funds-51625257865?mod=hp_LEAD_1><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is possible to have too much of a good thing. After riding five megacap technology stocks to new highs after new highs, investors’ portfolios may be uncomfortably concentrated in these winners at a...</p>\n\n<a href=\"https://www.barrons.com/articles/big-tech-stocks-risk-funds-51625257865?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/big-tech-stocks-risk-funds-51625257865?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189605893","content_text":"It is possible to have too much of a good thing. After riding five megacap technology stocks to new highs after new highs, investors’ portfolios may be uncomfortably concentrated in these winners at a time that some strategists see a potential turn ahead in the markets.\nOwning the Big Five—Apple(ticker: AAPL),Microsoft(MSFT),Amazon.com(AMZN),Facebook(FB), andAlphabet’sGoogle (GOOGL)—has been lucrative: These companies have logged gains of 125% to 245% since the beginning of 2019. These stocks are widely held, not just by index investors, but also among all kinds of active fund managers—including those who don’t typically own growth companies.\nTogether, the five companies account for almost 22% of theS&P 500index. Of course, the Nifty Fifty stocks dominated the 1970s, and blue-chip stalwarts such asIBM(IBM) andAT&T(T) ruled the 1980s. Those companies may have wielded even more influence over the broad economy than today’s biggest companies do, but the level of market concentration is higher now, and the Big Five’s impact on the broad market is much greater because of their size, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Apple and Microsoft are the first U.S. stocks whose market values have soared past $2 trillion. Though it has slipped a bit this year, Apple hit peak concentration for a single stock in the S&P 500 last year at about 7%, higher than IBM’s in its heyday.\nThere are signs that investor appetite for risk is waning, which could hurt the prospects for the growth of Big Tech. There has beena selloff in speculative cornersof the market, such as cryptocurrencies and special purpose acquisition companies, better known as SPACs. And, of course, there is therising consternationabout both inflation andinterest ratesmoving higher. If the Big Fiveslow downor tumble, the entire market—including all index investors—will feel it. If these stocks decline by 10%, for instance, in order for the S&P 500 to keep trading flat, the bottom 100 stocks in the index would have to rise by a collective 75%, according toGoldman Sachs.This dynamic explains why narrow market breadth has often preceded big losses.\nWhen Less May Be More\nThese funds are more diversified than the S&P 500, and could be more resilient if the tech megacaps stumble.\n\nInvestors’ portfolios are chock-full of these stocks, leaving them less diversified for a possible turn in the market. These companies are already beginning to slow down. Take Amazon, which accounts for roughly 4% of the S&P 500—more than the energy, real estate, materials, or utilities sectors. Amazon hasn’t hit an all-time high this year, and has underperformed the S&P 500 by 25 percentage points since September 2020 amid questions about the company’s e-commerce growth. Add in regulatory pressure, which could make the path ahead for these companies rockier, such as a House panel’s approval of sweeping legislation last month that could curb the dominance of companies like Google and Facebook.\nA global recovery could also make the Big Five stocks less special. “The story line with megacap tech stocks has been that economic growth has been hard to find and rates so low that you wanted to own powerful growth stocks,” says Scott Opsal, director of research at Leuthold Group. “But for those who think the economy has room to run, you don’t have to pay up for the growth that investors were willing to pay for in 2018 or 2019.” For Opsal, the changing backdrop is reason for a barbell approach, owning some of the technology winners but also diversifying into a wider array of more value-oriented and smaller stocks.\nWith the market so concentrated in a handful of megacap tech stocks, Opsal says that investors may want the type of funds that do what the fund consultants advise against: be willing to drift out of their lane, and be willing to not fit neatly into a growth or value category.\nIt isn’t easy finding good fund managers with the acumen to pick the right stocks beyond the other 495, the grit to avoid the crowd, and the track record that demonstrates to investors that they can be different and correct. Performance doesn’t look all that great for managers whose wariness led them to own less of the technology darlings that drove the market to highs over the past several years. And the decision to not own any—or even just less—of these companies sometimes pushed managers out of theirMorningstarcategory into areas like large-cap blend.\nHigh active share has often been a go-to gauge for finding fund managers who look different than their benchmarks. That’s a good place to start, but different doesn’t always lead to outperformance, so Morningstar strategist Alec Lucas recommends understanding what is in the managers’ portfolios and the thinking behind the picks—as well as when they buy or sell the stocks.\nBarron’slooked for large-cap growth-oriented managers that don’t usually stick too close to an index and have long, and strong, track records. We turned up both diversified and concentrated funds; some didn’t own any of the Big Five, while some owned a bit, albeit less than their peers. All may offer investors a way to tweak rather than overhaul their portfolios, giving them some more diversification while still tapping into large, growing companies.\nA Concentrated Approach\nThe Akre Focus fund (AKREX) falls into the concentrated bucket. It owns about 20 well-managed companies that the managers, John Neff and Chris Cerrone, think are superior businesses and adept at reinvesting in the companies. The fund has just a 4% turnover, so it holds on to its investments for years. That has been a winning long-term strategy: Akre Focus has an 18% average annual return over the past decade, beating 84% of its peers.\nThe past few years have been tough, though: The fund hasn’t owned the Big Five, and has just 13% of its assets in any kind of technology company, whereas most of its peers have close to a third in tech. It has averaged 22% annually over the past three years; not too shabby on an absolute basis, but landing it midpack among competitors. The managers are resolute in finding growth elsewhere. “They are tremendous businesses, but how many more times can they double in value, given their current size? Maybe many times, but it’s an important question,” says Neff. “We’ve generally focused on smaller businesses with ostensibly longer runways with which to compound.”\nThe tech investments that the managers have made are largely in software companies like Constellation Software (CSU.Canada),Adobe(ADBE), andCoStar Group(CSGP) that have long paths to growth ahead of them as more companies rely on their products. The fund also looks for companies with the type of “network effect” that makes Google and Amazon attractive—the business model gets stronger as more people use it, and makes the company that much harder to replace. Top holdings like Mastercard (MA) andVisa(V) fit that description.\nMany of the companies the duo favors are positioned to hold up, stand out, or even benefit from difficult times, like auto-parts retailerO’Reilly Automotive(ORLY), which recently reported its best comparable same-store sales in 25 years. Given the market backdrop, co-manager Cerrone says they aren’t finding that many bargains today—and they are willing to hold cash if that continues. Today, cash sits at just 2%. “We frankly wish we had more cash than we do today,” Cerrone says. “We’re not bearish, but we think we will be presented with better opportunities.”\nUnderappreciated Growth\nThe $10.1 billionPrimecap Odyssey Growthfund (POGRX) hunts for companies with above-average earnings growth, but not one of the Big Five tech stocks can be spotted in their top 10 holdings.\nThat underweight has been painful; the fund’s 19.6% annual average return over the past five years puts it in the bottom third of large growth funds. But the managers’ willingness to stick with companies with above-average growth for the long haul, often adding to their shares in downturns, wins them fans.\nThe fund’s managers are investing in some of the broad trends driving the Big Five—like e-commerce and cloud computing—but doing it differently, says Morningstar’s Lucas. For example, the fund owns Alibaba Group Holding (BABA) instead of Amazon, opting for China’s version of an e-commerce and cloud-computing giant that also trades at a meaningful discount to the U.S. company, Lucas says. Primecap declined to comment.\nAbout 18% of the fund is invested outside the U.S. and its average price/earnings ratio is 20, cheaper than the 29 for the large growth category, according to Morningstar. Though the fund isn’t concentrated in the Big Five tech stocks, it has double the stake in healthcare, almost 30% of assets, than other large growth funds. Its top 10 positions includeEli Lilly(LLY),Biogen(BIIB),Abiomed(ABMD), andAmgen(AMGN).\nLean Profit Machines\nThe $10.3 billionJensen Quality Growth(JENSX) focuses on companies that generate 15% return on equity for 10 consecutive years—a metric that co-manager Eric Schoenstein sees as a gauge forfoundational excellenceand fortress-like competitive advantages. Amazon and Facebook don’t make the cut. Alphabet, Microsoft, and Apple rank among the top holdings, but Schoenstein holds roughly a third less than in the Russell 1000 Growth index. Schoenstein says he is trying to be conscious of the risk of concentration if the momentum trade reverts or regulation puts a target on these companies’ backs.\nSchoenstein’s caution and a focus on quality companies have pushed the fund toward the bottom decile of the large blend Morningstar category year to date, with a return of 11.6%. But the fund’s 17.3% average return over the past five years puts it in the top 35% of large-blend funds tracked by Morningstar. Plus, the fund’s risk-adjusted, long-term performance stands out, losing about 77% as much as the S&P 500 and Russell 1000 Growth indexes when stocks have fallen since Schoenstein began co-managing the fund in 2004, according to Morningstar.\nLately, Schoenstein has been adding to quality stocks that may not be growing as fast but are more attractively priced as investors have left them behind, such asStarbucks(SBUX)—a stock that had been too pricey until the pandemic hit. “What better business is there to be in than branded addiction?” Schoenstein asks.\nWhile offices in New York City may not get to 100% occupancy, Schoenstein sees hybrid work situations continuing to drive business to Starbucks, potentially with fewer customers but higher sales, as one person buys for multiple people. The company is also closing stores to become more efficient and moving more toward quick-serve and grab-and-go in some locations rather than an all-day café experience.\n\nInsurance is another area that Schoenstein has been adding to, with companies like Marsh & McLennan (MMC), which is dominant in multiple businesses—insurance brokerage, health benefits, and retirement asset management with Mercer. Switching costs are high in the world of insurance, and the company benefits from new trends in cybersecurity and data privacy, as well.\nAnother recent purchase: Data-analytics providerVerisk Analytics(VRSK), which serves property and casualty insurers and gets about 80% of its revenue from subscriptions and long-term agreements. The company helps take raw data and analyze it to help insurers, for example, underwrite policies. Says Schoenstein: “Some recovery is still needed because business has struggled over the past year, with business failures and companies putting [projects] on hold. So, it’s a small position, but I think about companies that are super-entrenched with their customers.”\nMultiple Managers\nUnlike the Jensen and Akre funds, which typically own 20 to 30 stocks, the $87 billionAmerican Funds Amcapfund (AMCPX) is well diversified, with more than 200 holdings, as managers hunt for the best ideas regardless of size.Abbott Laboratories(ABT),Broadcom(AVGO),EOG Resources(EOG), and Mastercard are top holdings along with four of the megacap tech quintuplets.\nBut the fund is valuation-sensitive, and its allocation to the Big Five is lower than other growth managers, hurting its performance over the past five years; its average annual return of 17.3% puts it in the bottom decile of performance. For investors looking for diversification, the fund is a relatively cheap option—charging an expense ratio of 0.68%—that isn’t beholden to a benchmark and is run by multiple managers who can hunt for their highest-conviction ideas.\nManagers favor companies with strong competitive positioning, which can allow companies to boost prices and better weather near-term inflationary periods. While that includes a healthy helping of healthcare and technology stocks, managers have also gravitated toward cyclical growth companies, including semiconductor firms, travel-related companies, auto suppliers, retailers, and financials benefiting from secular growth as well as getting an additional boost from the Covid recovery.\n“It’s very consistent, and a good core fund with a lot of good stockpickers behind it,” says Russel Kinnel, Morningstar’s director of manager research. “You want a fund to have some good technology exposure because it’s a dynamic sector.”\nGrowth on the Cheap\nThe $357 million Cambiar Opportunity fund (CAMOX) is a concentrated fund that owns roughly 40 stocks. The fund looks for relative values among industry winners that boast strong long-term demand prospects and pricing power that differentiate it from some of its peers. The fund’s 16% average annual return over the past five years helped it beat 94% of its large-value peers.\nThe fund holds Amazon, which it bought for the first time in early 2020 when the market wasn’t giving the e-commerce behemoth much value for its cloud business. It has been harder to own other megacap technology stocks, says Ania Aldrich, an investment principal at Cambiar. That’s in part because of their high valuations, but especially as exchange-traded funds continue to receive record-high inflows—$400 billion in the first half of 2021, versus $507 billion for all of last year, according to ETF.com—which contributes to the market concentration.\nInstead, the fund has focused on areas such as financials, including JPMorgan Chase (JPM) and Charles Schwab (SCHW), that can grow in this economic environment. Both would benefit from higher interest rates, but Aldrich says that wasn’t the reason to buy the stocks. Schwab, for example, is taking market share in wealth management, and its recent acquisition of Ameritrade gives it more heft and the ability to be more cost-efficient.\nAlso attractive are companies that haven’t yet seen a full reopening of their businesses, like casino operatorPenn National Gaming(PENN), which Aldrich says is well positioned as states look for more revenue andallow online gambling, and food distributorSysco(SYY), which has yet to benefit from colleges and conferences getting back into full swing. While Sysco’s shares are up 43% in the past year, Aldrich sees more room for gains, noting that the company is a market leader and can take market share as smaller firms consolidate. Plus, it has pricing power to pass on higher commodity costs since it is a distributor.\nAnother recent addition:Uber Technologies(UBER), which Aldrich says isn’t just a reopening beneficiary but also has increased the reach of its platform by moving into food delivery and opening the door to other services. “In the past, it was hard to outperform when you weren’t involved in the [concentrated stocks], but we see these trends as transitory. As growth normalizes, the value of other stocks should be recognized.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576253972603112","authorId":"3576253972603112","name":"Missypampam","avatar":"https://static.tigerbbs.com/25229e3836d82fa58ebf76e52af13677","crmLevel":2,"crmLevelSwitch":0,"idStr":"3576253972603112","authorIdStr":"3576253972603112"},"content":"Dont need to buy all","text":"Dont need to buy all","html":"Dont need to buy all"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185406538895512,"gmtCreate":1686304701983,"gmtModify":1686304705808,"author":{"id":"4087523981616520","authorId":"4087523981616520","name":"Surewin88","avatar":"https://static.tigerbbs.com/bc2b5ac3bd474e2d61d69726fecb1516","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087523981616520","authorIdStr":"4087523981616520"},"themes":[],"htmlText":"Come join me in the game","listText":"Come join me in the 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href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>will it go up to $30?","text":"$XIAOMI-W(01810)$will it go up to $30?","images":[{"img":"https://static.tigerbbs.com/95e5cfa9b79859578c7919982674c0da","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/800005780","isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582594459199417","authorId":"3582594459199417","name":"大希望","avatar":"https://static.tigerbbs.com/9d0975c767d6b775b9033cc5462b8a67","crmLevel":3,"crmLevelSwitch":0,"idStr":"3582594459199417","authorIdStr":"3582594459199417"},"content":"No problem, [Facepalm]","text":"No problem, [Facepalm]","html":"No problem, 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