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2021-06-24

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Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner

2021-06-24

Yeah man

EMERGING MARKETS-EMEA FX slips on mixed Fed signals, stocks inch higher

2021-06-24

Nice

The red hot housing market is slowing down the economy: Morning Brief

2021-06-24

Good

A 6.7-Inch iPhone At $900? Analyst Says Apple Will Bring This Product To Market Next Year

2021-06-24

To the moon ~

Move Over AMC, Make Way for This New Wave of 7 Favorite Meme Stocks

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It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):</p>\n<p>The markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.</p>\n<p>When the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).</p>\n<p>The conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".</p>\n<p>My base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.</p>\n<p>So in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).</p>\n<p><b>The most interest rates sensitive bank</b></p>\n<p>BAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:</p>\n<p><img src=\"https://static.tigerbbs.com/ec53741ffe4bdcf3ba47e66278a8ff79\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p>\n<p>As you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).</p>\n<p>It is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.</p>\n<p><b>What is driving BAC interest rate sensitivity?</b></p>\n<p>BAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.</p>\n<p>These deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.</p>\n<p>Currently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.</p>\n<p>You can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.</p>\n<p>If you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.</p>\n<p><b>A CCAR winner</b></p>\n<p>The Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.</p>\n<p>I expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:</p>\n<p><img src=\"https://static.tigerbbs.com/43588f352e781a567b15e73f99313e89\" tg-width=\"640\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>As can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.</p>\n<p>As such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.</p>\n<p>Assuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.</p>\n<p>This should translate to increased dividends as well as massive buybacks.</p>\n<p><b>Final thoughts</b></p>\n<p>I see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.</p>\n<p>I have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.</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>Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner</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\">\nBank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166720474","content_text":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip in the share price of banks.\nThe release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.\nI have turned \"very bullish\" and have been accumulating the stock in recent days.\n\nThe Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):\nThe markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.\nWhen the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).\nThe conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".\nMy base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.\nSo in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).\nThe most interest rates sensitive bank\nBAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:\n\nAs you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).\nIt is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.\nWhat is driving BAC interest rate sensitivity?\nBAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.\nThese deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.\nCurrently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.\nYou can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.\nIf you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.\nA CCAR winner\nThe Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.\nI expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:\n\nAs can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.\nAs such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.\nAssuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.\nThis should translate to increased dividends as well as massive buybacks.\nFinal thoughts\nI see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.\nI have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128480031,"gmtCreate":1624527450423,"gmtModify":1703839392037,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"themes":[],"htmlText":"Yeah man","listText":"Yeah man","text":"Yeah man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128480031","repostId":"2145043961","repostType":4,"repost":{"id":"2145043961","pubTimestamp":1624523928,"share":"https://ttm.financial/m/news/2145043961?lang=&edition=fundamental","pubTime":"2021-06-24 16:38","market":"us","language":"en","title":"EMERGING MARKETS-EMEA FX slips on mixed Fed signals, stocks inch higher","url":"https://stock-news.laohu8.com/highlight/detail?id=2145043961","media":"Reuters","summary":"CZK flat after strong rally on Wednesday\nMSCI EM stocks index inches up, FX flat\nCzech, Hungarian c.","content":"<ul>\n <li>CZK flat after strong rally on Wednesday</li>\n <li>MSCI EM stocks index inches up, FX flat</li>\n <li>Czech, Hungarian c.banks kick off rate hike cycles</li>\n</ul>\n<p>June 24 (Reuters) - Most emerging market currencies fell on Thursday as mixed signals from the U.S. Federal Reserve kept investors on edge about when the bank would begin unwinding its massive stimulus program.</p>\n<p>The MSCI's index of EM currencies was flat, while most currencies in Europe, the Middle East and Africa (EMEA) retreated as the dollar hovered below 11-week highs.</p>\n<p>Turkey's lira dropped about 0.4%, while South Africa's rand shed 0.5%. Investors were also watching for producer prices data from Africa's most industrialized economy, due later in the day.</p>\n<p>Russia's rouble rose 0.2%, helped by rising oil prices.</p>\n<p>EM stocks rose slightly, with the MSCI's index adding about 0.2%, tracking overnight gains on Wall Street. Relative stability in equities has also made them more attractive in comparison to foreign exchange, particularly in emerging markets.</p>\n<p>Comments from Fed Chair Jerome Powell earlier this week had suggested that a recent spike in inflation would be transitory, and had sparked a small rally in emerging markets.</p>\n<p>But overnight, two Fed officials said that a period of high inflation in the United States could last longer than anticipated, which supported the dollar.</p>\n<p>Their comments, combined with the Fed's unexpectedly hawkish tilt last week, saw investors fretting over the timeline of the Fed's eventual policy tightening.</p>\n<p>\"Bearing in mind that the Fed has already signalled that it is considering raising interest rates in 2023, with some officials even expressing desire for this to happen next year, we prefer to maintain a cautious stance with regards to the broader market,\" Charalambos Pissouros, senior market analyst at JFD Group wrote in a note.</p>\n<p>Focus was also on the Bank of England's rate-setting meeting later in the day, for any more cues on tightening policy in the developed world, given a rise in inflation this year.</p>\n<p>In central Europe, the Czech crown was flat to the euro after marking its best day in more than two months on Wednesday, as the Czech central bank kicked off a rate hiking cycle.</p>\n<p>The Czech bank is the second central European bank to hike rates this week, after Hungary hiked rates on Tuesday to combat growing price pressures in the aftermath of the COVID-19 pandemic.</p>\n<p>The forint rose 0.2% to the euro.</p>\n<p>An interest rate decision in Mexico is also due later in the day, with the bank widely expected to hold. But its forecast on economic conditions will be closely watched.</p>\n<p>(Reporting by Ambar Warrick; editing by Philippa Fletcher)</p>","source":"yahoofinance","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>EMERGING MARKETS-EMEA FX slips on mixed Fed signals, stocks inch higher</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\">\nEMERGING MARKETS-EMEA FX slips on mixed Fed signals, stocks inch higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/emerging-markets-emea-fx-slips-083848219.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CZK flat after strong rally on Wednesday\nMSCI EM stocks index inches up, FX flat\nCzech, Hungarian c.banks kick off rate hike cycles\n\nJune 24 (Reuters) - Most emerging market currencies fell on ...</p>\n\n<a href=\"https://finance.yahoo.com/news/emerging-markets-emea-fx-slips-083848219.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSCI":"MSCI Inc"},"source_url":"https://finance.yahoo.com/news/emerging-markets-emea-fx-slips-083848219.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145043961","content_text":"CZK flat after strong rally on Wednesday\nMSCI EM stocks index inches up, FX flat\nCzech, Hungarian c.banks kick off rate hike cycles\n\nJune 24 (Reuters) - Most emerging market currencies fell on Thursday as mixed signals from the U.S. Federal Reserve kept investors on edge about when the bank would begin unwinding its massive stimulus program.\nThe MSCI's index of EM currencies was flat, while most currencies in Europe, the Middle East and Africa (EMEA) retreated as the dollar hovered below 11-week highs.\nTurkey's lira dropped about 0.4%, while South Africa's rand shed 0.5%. Investors were also watching for producer prices data from Africa's most industrialized economy, due later in the day.\nRussia's rouble rose 0.2%, helped by rising oil prices.\nEM stocks rose slightly, with the MSCI's index adding about 0.2%, tracking overnight gains on Wall Street. Relative stability in equities has also made them more attractive in comparison to foreign exchange, particularly in emerging markets.\nComments from Fed Chair Jerome Powell earlier this week had suggested that a recent spike in inflation would be transitory, and had sparked a small rally in emerging markets.\nBut overnight, two Fed officials said that a period of high inflation in the United States could last longer than anticipated, which supported the dollar.\nTheir comments, combined with the Fed's unexpectedly hawkish tilt last week, saw investors fretting over the timeline of the Fed's eventual policy tightening.\n\"Bearing in mind that the Fed has already signalled that it is considering raising interest rates in 2023, with some officials even expressing desire for this to happen next year, we prefer to maintain a cautious stance with regards to the broader market,\" Charalambos Pissouros, senior market analyst at JFD Group wrote in a note.\nFocus was also on the Bank of England's rate-setting meeting later in the day, for any more cues on tightening policy in the developed world, given a rise in inflation this year.\nIn central Europe, the Czech crown was flat to the euro after marking its best day in more than two months on Wednesday, as the Czech central bank kicked off a rate hiking cycle.\nThe Czech bank is the second central European bank to hike rates this week, after Hungary hiked rates on Tuesday to combat growing price pressures in the aftermath of the COVID-19 pandemic.\nThe forint rose 0.2% to the euro.\nAn interest rate decision in Mexico is also due later in the day, with the bank widely expected to hold. But its forecast on economic conditions will be closely watched.\n(Reporting by Ambar Warrick; editing by Philippa Fletcher)","news_type":1},"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128417245,"gmtCreate":1624527437087,"gmtModify":1703839391552,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"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/128417245","repostId":"2145043969","repostType":4,"repost":{"id":"2145043969","pubTimestamp":1624525868,"share":"https://ttm.financial/m/news/2145043969?lang=&edition=fundamental","pubTime":"2021-06-24 17:11","market":"us","language":"en","title":"The red hot housing market is slowing down the economy: Morning Brief","url":"https://stock-news.laohu8.com/highlight/detail?id=2145043969","media":"Yahoo Finance","summary":"Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The","content":"<p><img src=\"https://static.tigerbbs.com/a66604c7e5fcdb480747b6a4be692a3d\" tg-width=\"3504\" tg-height=\"2336\" referrerpolicy=\"no-referrer\"></p>\n<h3>Supply can't meet demand, housing edition</h3>\n<p>We've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.</p>\n<p>Home prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.</p>\n<p>But cracks in the housing market have been starting to show, and now are likely to dent U.S gross domestic product (GDP) in the current quarter.</p>\n<p>The hot housing market, in other words, has actually become a drag on growth.</p>\n<p>Housing economist Bill McBride noted Wednesday that the economics group at Goldman Sachs cut its forecast for current quarter GDP, to an annualized growth rate of 8.75%, from a previous outlook for growth to hit 9%. A small change, to be sure. But an example of how the economy-wide demand glut does have some natural speed brakes.</p>\n<p>On Wednesday, May's report on new home sales showed the pace of sales fell 5.9% last month to an annualized rate of 769,000. The actual number of homes sold last month was the lowest in a year. This report followed Tuesday's gauge on existing home sales, which declined for the fourth straight month to an annualized rate of 5.8 million homes.</p>\n<p>These drops in the pace of sales, however, were accompanied by a continued surge in pricing as demand cannot be met. The median increase in the price of an existing home sold rose 23.6% over last year in May, while the median increase in a new home's price was 18.1% over last year. But this increase in prices can't offset the negative growth impact of fewer homes trading hands.</p>\n<p>Mahir Rasheed, U.S. economist at Oxford Economics, flagged in a note Wednesday that while home sales are likely to be flat or lower for the rest of the year, backlogs should keep homebuilder activity supported.</p>\n<p>\"Nearly 90% of the for-sale inventory in May was of homes where construction is ongoing or has not started, while 36% of homes already sold have not yet broken ground,\" Rasheed wrote.</p>\n<p>\"These backlogs should support homebuilder activity even if the current pace of home sales moderates, although there are likely to be delays in the near term as builders contend with supply chain issues,\" he added. Rasheed also noted that with lumber prices coming down, builder cost pressures being pushed to buyers could ease.</p>\n<p>But in a note to clients published Wednesday, Ian Shepherdson at Pantheon Macroeconomics was less sanguine on the situation. \"</p>\n<p>New home sales \"look set to fall further, with a decent chance they’ll soon be back below the pre-COVID trend,\" Shepherdson wrote. \"The story here, we think, is simply that demand in the suburbs has fallen as COVID fear has faded. Inventory remains low but it is rising rapidly; supply hit 5.1 months of current sales in May, up from 3.6 months in January.\"</p>\n<p>Shepherdson added that this data points to \"an accident waiting to happen.\"</p>\n<p>We argued earlier this month that lumber prices cratering reveal to us the future of this recovery. A future in which the most acute pricing pressures ease just as they fell: abruptly.</p>\n<p>But abrupt turns in the economy don't create healthy conditions. Rather, these turns set the table for investors who couldn't be bullish enough coming into 2021 to suddenly find themselves caught offside the other way.</p>\n<p><i>By Myles Udland, reporter and anchor for Yahoo Finance Live. Follow him at @MylesUdland</i></p>\n<h3><b>What to watch today</b></h3>\n<p><b>Economy </b></p>\n<ul>\n <li>8:30 a.m. ET:<b> Advance Goods Trade Balance, </b>May (-$87.5 billion expected, -$85.2 billion in April)</li>\n <li>8:30 a.m. ET: <b>Wholesale inventories,</b> May preliminary (0.8% in April)</li>\n <li>8:30 a.m. ET: <b>Durable goods orders, </b>May preliminary (2.8% expected, -1.3% in April)</li>\n <li>8:30 a.m. ET: <b>Durable goods orders excluding transportation, </b>May preliminary (0.7% expected, 1.0% in April)</li>\n <li>8:30 a.m. ET: <b>Non-defense capital goods orders excluding aircraft, </b>May preliminary (0.6% expected, 2.2% in April)</li>\n <li>8:30 a.m. ET: <b>Non-defense capital goods shipments excluding aircraft</b> (0.8% expected, 0.9% in April)</li>\n <li>8:30 a.m. ET: <b>GDP annualized, </b>quarter-over-quarter, Q1 third print (6.4% expected, 6.4% in prior print)</li>\n <li>8:30 a.m. ET: <b>Personal consumption,</b> Q1 third print (11.4% expected, 11.3% in prior print)</li>\n <li>8:30 a.m. ET: <b>GDP Price Index,</b> Q1 third print (4.3% expected, 4.3% in prior print)</li>\n <li>8:30 a.m. ET:<b>&nbsp;Initial jobless claims, </b>week ended June 19 (380,000 expected, 412,000 in prior print)</li>\n <li>8:30 a.m. ET: <b>Continuing claims, </b>week ended June 12 (3.460 million expected, 3.518 million in prior print)</li>\n <li>11:00 a.m. ET: <b>Kansas City Fed Manufacturing Activity Index,</b> June (24 expected, 26 in prior print)</li>\n</ul>\n<p><b>Earnings</b></p>\n<p><b>Pre-market</b></p>\n<ul>\n <li>7:00 a.m. ET: <b>Darden Restaurants (DRI)</b> is expected to report adjusted earnings of $1.77 per share on revenue of $2.19 billion</li>\n</ul>\n<p><b>Post-market</b></p>\n<ul>\n <li>4:00 p.m. ET:<b> Fedex (FDX) </b>is expected to report adjusted earnings of $5.00 per share on revenue of $21.49 billion</li>\n <li>4:15 p.m. ET: <b>Nike (NKE)</b> is expected to report adjusted earnings of 50 cents per share on revenue of $11.03 billion</li>\n</ul>\n<h3><b>Top News</b></h3>\n<p><b>&nbsp;</b>U.S. software mogul John McAfee dies by hanging in Spanish prison, lawyer says [Reuters]</p>\n<p>Bitcoin trading above $32,000 but cryptos remain under pressure {Yahoo Finance UK]</p>\n<p>Senators to pitch bipartisan infrastructure plan to Biden [AP]</p>\n<p>Microsoft’s big Windows 11 event is coming up — here's what to expect [Yahoo Finance]</p>\n<h3><b>Yahoo Finance Highlights</b></h3>\n<p>Fed cautious about return to pre-pandemic labor market</p>\n<p>Activist investor who shook up Bed Bath &amp; Beyond and Kohl's says this is the next big retail opportunity</p>\n<p>GDP is back. Workers are not</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The red hot housing market is slowing down the economy: Morning Brief</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe red hot housing market is slowing down the economy: Morning Brief\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.\nHome prices are ...</p>\n\n<a href=\"https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3a27d956c99f35da42b4f75734adb724","relate_stocks":{".SPX":"S&P 500 Index","TOL":"托尔兄弟","KBH":"KB Home","SPY":"标普500ETF","PHM":"普得集团",".DJI":"道琼斯","XHB":"房屋建筑商指数ETF-SPDR",".IXIC":"NASDAQ Composite","DHI":"霍顿房屋","LEN":"莱纳建筑公司"},"source_url":"https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145043969","content_text":"Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.\nHome prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.\nBut cracks in the housing market have been starting to show, and now are likely to dent U.S gross domestic product (GDP) in the current quarter.\nThe hot housing market, in other words, has actually become a drag on growth.\nHousing economist Bill McBride noted Wednesday that the economics group at Goldman Sachs cut its forecast for current quarter GDP, to an annualized growth rate of 8.75%, from a previous outlook for growth to hit 9%. A small change, to be sure. But an example of how the economy-wide demand glut does have some natural speed brakes.\nOn Wednesday, May's report on new home sales showed the pace of sales fell 5.9% last month to an annualized rate of 769,000. The actual number of homes sold last month was the lowest in a year. This report followed Tuesday's gauge on existing home sales, which declined for the fourth straight month to an annualized rate of 5.8 million homes.\nThese drops in the pace of sales, however, were accompanied by a continued surge in pricing as demand cannot be met. The median increase in the price of an existing home sold rose 23.6% over last year in May, while the median increase in a new home's price was 18.1% over last year. But this increase in prices can't offset the negative growth impact of fewer homes trading hands.\nMahir Rasheed, U.S. economist at Oxford Economics, flagged in a note Wednesday that while home sales are likely to be flat or lower for the rest of the year, backlogs should keep homebuilder activity supported.\n\"Nearly 90% of the for-sale inventory in May was of homes where construction is ongoing or has not started, while 36% of homes already sold have not yet broken ground,\" Rasheed wrote.\n\"These backlogs should support homebuilder activity even if the current pace of home sales moderates, although there are likely to be delays in the near term as builders contend with supply chain issues,\" he added. Rasheed also noted that with lumber prices coming down, builder cost pressures being pushed to buyers could ease.\nBut in a note to clients published Wednesday, Ian Shepherdson at Pantheon Macroeconomics was less sanguine on the situation. \"\nNew home sales \"look set to fall further, with a decent chance they’ll soon be back below the pre-COVID trend,\" Shepherdson wrote. \"The story here, we think, is simply that demand in the suburbs has fallen as COVID fear has faded. Inventory remains low but it is rising rapidly; supply hit 5.1 months of current sales in May, up from 3.6 months in January.\"\nShepherdson added that this data points to \"an accident waiting to happen.\"\nWe argued earlier this month that lumber prices cratering reveal to us the future of this recovery. A future in which the most acute pricing pressures ease just as they fell: abruptly.\nBut abrupt turns in the economy don't create healthy conditions. Rather, these turns set the table for investors who couldn't be bullish enough coming into 2021 to suddenly find themselves caught offside the other way.\nBy Myles Udland, reporter and anchor for Yahoo Finance Live. Follow him at @MylesUdland\nWhat to watch today\nEconomy \n\n8:30 a.m. ET: Advance Goods Trade Balance, May (-$87.5 billion expected, -$85.2 billion in April)\n8:30 a.m. ET: Wholesale inventories, May preliminary (0.8% in April)\n8:30 a.m. ET: Durable goods orders, May preliminary (2.8% expected, -1.3% in April)\n8:30 a.m. ET: Durable goods orders excluding transportation, May preliminary (0.7% expected, 1.0% in April)\n8:30 a.m. ET: Non-defense capital goods orders excluding aircraft, May preliminary (0.6% expected, 2.2% in April)\n8:30 a.m. ET: Non-defense capital goods shipments excluding aircraft (0.8% expected, 0.9% in April)\n8:30 a.m. ET: GDP annualized, quarter-over-quarter, Q1 third print (6.4% expected, 6.4% in prior print)\n8:30 a.m. ET: Personal consumption, Q1 third print (11.4% expected, 11.3% in prior print)\n8:30 a.m. ET: GDP Price Index, Q1 third print (4.3% expected, 4.3% in prior print)\n8:30 a.m. ET: Initial jobless claims, week ended June 19 (380,000 expected, 412,000 in prior print)\n8:30 a.m. ET: Continuing claims, week ended June 12 (3.460 million expected, 3.518 million in prior print)\n11:00 a.m. ET: Kansas City Fed Manufacturing Activity Index, June (24 expected, 26 in prior print)\n\nEarnings\nPre-market\n\n7:00 a.m. ET: Darden Restaurants (DRI) is expected to report adjusted earnings of $1.77 per share on revenue of $2.19 billion\n\nPost-market\n\n4:00 p.m. ET: Fedex (FDX) is expected to report adjusted earnings of $5.00 per share on revenue of $21.49 billion\n4:15 p.m. ET: Nike (NKE) is expected to report adjusted earnings of 50 cents per share on revenue of $11.03 billion\n\nTop News\n U.S. software mogul John McAfee dies by hanging in Spanish prison, lawyer says [Reuters]\nBitcoin trading above $32,000 but cryptos remain under pressure {Yahoo Finance UK]\nSenators to pitch bipartisan infrastructure plan to Biden [AP]\nMicrosoft’s big Windows 11 event is coming up — here's what to expect [Yahoo Finance]\nYahoo Finance Highlights\nFed cautious about return to pre-pandemic labor market\nActivist investor who shook up Bed Bath & Beyond and Kohl's says this is the next big retail opportunity\nGDP is back. Workers are not","news_type":1},"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128417637,"gmtCreate":1624527425329,"gmtModify":1703839391713,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128417637","repostId":"1184361611","repostType":4,"repost":{"id":"1184361611","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624526066,"share":"https://ttm.financial/m/news/1184361611?lang=&edition=fundamental","pubTime":"2021-06-24 17:14","market":"us","language":"en","title":"A 6.7-Inch iPhone At $900? Analyst Says Apple Will Bring This Product To Market Next Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1184361611","media":"Benzinga","summary":"Apple Inc(NASDAQ:AAPL) will launch two lower-end iPhones with larger screens next year, as per analy","content":"<p><b>Apple Inc</b>(NASDAQ:AAPL) will launch two lower-end iPhones with larger screens next year, as per analyst Ming-Chi Kuo.</p>\n<p><b>What Happened:</b>&nbsp;Apple’s lineup in the second half of 2022 will include two iPhone lines with 6.7-inch screens — one will&nbsp;serve the low-end market and another will cater to the premium one, Kuo said, as per9to5Mac.&nbsp;Both these models will also be available in the 6.1-inch screen size.</p>\n<p>According to the report, Kuo believes the 2022 lineup will have under-display fingerprint support and it will be available at the most affordable price point for a large screen and expected to be under $900.</p>\n<p>The current iPhone lineup includes the 6.7-inch iPhone 12 Pro Max, which is priced at $1,099. Kuo said the 2022 lineup could be named iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max.</p>\n<p><b>Why It Matters:</b>&nbsp;Apple’s iPhone 12 Pro Max, launched last year, is its biggest phone to-date. The company’s yet-to-be-announced 2021 lineup is expected to sport the same variants as its predecessor from last year and the big changes will only be revealed next year, as per reports.</p>\n<p><b>Price Action:</b>&nbsp;Apple shares closed 0.2% lower at $133.70 on Wednesday.</p>\n<p><img src=\"https://static.tigerbbs.com/e12ede45502bee1f416acaa08de1af92\" tg-width=\"661\" tg-height=\"250\"></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>A 6.7-Inch iPhone At $900? Analyst Says Apple Will Bring This Product To Market Next Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA 6.7-Inch iPhone At $900? Analyst Says Apple Will Bring This Product To Market Next Year\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-24 17:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Apple Inc</b>(NASDAQ:AAPL) will launch two lower-end iPhones with larger screens next year, as per analyst Ming-Chi Kuo.</p>\n<p><b>What Happened:</b>&nbsp;Apple’s lineup in the second half of 2022 will include two iPhone lines with 6.7-inch screens — one will&nbsp;serve the low-end market and another will cater to the premium one, Kuo said, as per9to5Mac.&nbsp;Both these models will also be available in the 6.1-inch screen size.</p>\n<p>According to the report, Kuo believes the 2022 lineup will have under-display fingerprint support and it will be available at the most affordable price point for a large screen and expected to be under $900.</p>\n<p>The current iPhone lineup includes the 6.7-inch iPhone 12 Pro Max, which is priced at $1,099. Kuo said the 2022 lineup could be named iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max.</p>\n<p><b>Why It Matters:</b>&nbsp;Apple’s iPhone 12 Pro Max, launched last year, is its biggest phone to-date. The company’s yet-to-be-announced 2021 lineup is expected to sport the same variants as its predecessor from last year and the big changes will only be revealed next year, as per reports.</p>\n<p><b>Price Action:</b>&nbsp;Apple shares closed 0.2% lower at $133.70 on Wednesday.</p>\n<p><img src=\"https://static.tigerbbs.com/e12ede45502bee1f416acaa08de1af92\" tg-width=\"661\" tg-height=\"250\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184361611","content_text":"Apple Inc(NASDAQ:AAPL) will launch two lower-end iPhones with larger screens next year, as per analyst Ming-Chi Kuo.\nWhat Happened: Apple’s lineup in the second half of 2022 will include two iPhone lines with 6.7-inch screens — one will serve the low-end market and another will cater to the premium one, Kuo said, as per9to5Mac. Both these models will also be available in the 6.1-inch screen size.\nAccording to the report, Kuo believes the 2022 lineup will have under-display fingerprint support and it will be available at the most affordable price point for a large screen and expected to be under $900.\nThe current iPhone lineup includes the 6.7-inch iPhone 12 Pro Max, which is priced at $1,099. Kuo said the 2022 lineup could be named iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max.\nWhy It Matters: Apple’s iPhone 12 Pro Max, launched last year, is its biggest phone to-date. The company’s yet-to-be-announced 2021 lineup is expected to sport the same variants as its predecessor from last year and the big changes will only be revealed next year, as per reports.\nPrice Action: Apple shares closed 0.2% lower at $133.70 on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128414757,"gmtCreate":1624527410379,"gmtModify":1703839390582,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"themes":[],"htmlText":"To the moon ~","listText":"To the moon ~","text":"To the moon ~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128414757","repostId":"1112175042","repostType":4,"repost":{"id":"1112175042","pubTimestamp":1624526935,"share":"https://ttm.financial/m/news/1112175042?lang=&edition=fundamental","pubTime":"2021-06-24 17:28","market":"us","language":"en","title":"Move Over AMC, Make Way for This New Wave of 7 Favorite Meme Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1112175042","media":"InvestorPlace","summary":"Here are seven shares that could move to meme stock status soon.\n\nMeme stocks are among the hottest ","content":"<blockquote>\n <b>Here are seven shares that could move to meme stock status soon.</b>\n</blockquote>\n<p>Meme stocks are among the hottest topics on Wall Street. As a result, such shares have seen a significant surge in trading activity, often fueled by social media platforms like<b>Reddit</b>&nbsp;and<b>Twitter</b>&nbsp;(NYSE:<b>TWTR</b>). And because the prices of meme stocks tend to skyrocket in a matter of sessions, the mouthwatering returns seem to attract more and more risk takers by the day.</p>\n<p>For instance,<b>AMC Entertainment Holdings</b>(NYSE:<b><u>AMC</u></b>) boasts a year-to-date (YTD) gain of about 2,650%, soaring as much as 561% in January alone. Therefore, today’s article discusses seven stocks thatmay gain traction on social mediasoon and become meme stocks as well.</p>\n<p>Right now, retail investors seem eager toboost their favorite meme stocksafter realizing the magnitude of their collective power. They usually target stocks with significant short interest to squeeze institutional investors into covering their short positions.</p>\n<p>According to<b>S3 Partners</b>data, investors searching for meme stock candidates may find over 2,000 firms with a market cap of at least $100 million and short interest of 15% or more. Therefore, we could be looking at a retail investor crusade with considerable impact on the stock market.</p>\n<p>While these rallies can generate lucrative returns in a short period, most meme stocks are highly volatile. They are valued for their social media popularity rather than their financial performance. Therefore, investors should exercise caution as such shares would not be suitable for all portfolios.</p>\n<p>With that information, we have identified seven firms poised to build up meme stock status in the near term:</p>\n<ul>\n <li><b>Arrival</b>(NASDAQ:<b>ARVL</b>)</li>\n <li><b>Clean Energy Fuels</b>&nbsp;(NASDAQ:<b>CLNE</b>)</li>\n <li><b>Koss</b>(NASDAQ:<b><u>KOSS</u></b>)</li>\n <li><b>Pitney Bowes</b>&nbsp;(NYSE:<b>PBI</b>)</li>\n <li><b>Rocket Companies</b>&nbsp;(NYSE:<b>RKT</b>)</li>\n <li><b>UWM Holdings</b>&nbsp;(NYSE:<b>UWMC</b>)</li>\n <li><b>Zynga</b>&nbsp;(NASDAQ:<b><u>ZNGA</u></b>)</li>\n</ul>\n<p><b>Meme Stocks to Watch:Arrival (ARVL)</b><img src=\"https://static.tigerbbs.com/f52a9acd3d239abec555a714ef2e0170\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p><b>52-week range:</b>$9.80 – $37.18</p>\n<p>British electric vehicle (EV) manufacturerArrivalwent public in March after merging with with CIIG Merger Corp, a special purpose acquisition company (SPAC). Arrival is a pre-revenue business focusing on the production of commercial electric vehicle vans and buses.</p>\n<p>The group claims to be reinventing the automotive industry with its unique approach to building micro-factories near potential customers in metro areas. For instance, the first U.S. micro-factory, in York County, South Carolina, is scheduled to produce electric buses from the fourth quarter of 2021. “The talk is of 1,000 battery buses per year,”&nbsp;<i>Electrive.com</i>reported.</p>\n<p>Arrival announcedQ1 financial resultson May 13. Adjusted EBITDA loss was 27 million EUR ($32.3 million) compared to 14 million EUR in the prior-year period. Adjusted loss per share was 16 cents EUR. Cash and equivalents ended the first quarter at 516 million EUR.</p>\n<p>The current capital expenditure projection stands at $50 million. Management noted the second U.S. micro-factory will be built in Charlotte, North Carolina and the first European van micro-factory will be located in Spain.</p>\n<p>“We are fully focused on executing our business plan to bring our microfactories to multiple cities and markets to serve their communities and accelerate the transition to zero-emission transportation. We continue to expect to have four vehicles — the bus, van, large van, and car — on the market by the end of 2023,” said CEO Denis Sverdlov in theearnings update.</p>\n<p>The EV group plans to start production of the “Arrival Bus” by Q4. Public road trials of its bus are expected to begin this fall with<b>First Bus</b>, one of the U.K.’s largest transport operators.</p>\n<p>Meme stock communitiesnoticed that about 7% of Arrival’s public share float was sold short, as of May 28. ARVL stock jumped more than 15% in mid-June due to the social media frenzy by Reddit users. The share price currently hovers around $18, down 36% YTD.</p>\n<p><b>Clean Energy Fuels (CLNE)</b><img src=\"https://static.tigerbbs.com/d0b07c87f30d7554c902c122359e6802\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: ZikG / Shutterstock.com</p>\n<p><b>52-week range:</b>$2.01 – $19.79</p>\n<p>Newport Beach, California-based Clean Energy Fuels is natural gas marketer and retailer in the U.S. and Canada. The company delivers renewable natural gas (RNG) via liquefied natural gas (LNG) and compressed natural gas (CNG) to its network of fueling stations. In addition, it builds LNG and CNG fueling stations for the transportation market, operating a network of 570 stations in both countries.</p>\n<p>The company announcedQ1&nbsp;resultsin early May. Total revenue fell 10.3% year-over-year (YoY) to $77.1 million. Net loss was $7.2 million in the first quarter. Non-GAAP loss per share remained flat YoY at 1 cent. Cash and equivalents stood at $117 million at the end of the quarter.</p>\n<p>CEO Andrew J. Littlefair expressed his satisfaction with the results despite the ongoing effects of the pandemic. Clean Energy Fuels seems well aligned with the Biden administration’s plans to reduce the country’s carbon emissions over the next decade. In addition, CLNE signed a five-year agreement with<b>Amazon</b>&nbsp;(NASDAQ:AMZN) to provide RNG at 27 of its existing fueling stations and another 19 in the near future.</p>\n<p>The stock soared by more than 30% onJune 8 as a new meme stock candidatebefore plunging 15% on the next day. CLNE stock currently trades at $11.80 territory, up almost 50% YTD. On a a price-to-sales (P/S) basis, shares currently trade at 8.29x.</p>\n<p><b>Koss (KOSS)</b><img src=\"https://static.tigerbbs.com/e25898dc300636bdc7e126636b69b71c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: SiljeAO / Shutterstock.com</p>\n<p><b>52-week range:</b>$1.32 – $127.45</p>\n<p>Milwaukee, Wisconsin-based Koss manufactures and sells stereo headphones, wireless Bluetooth speakers, telecommunications headsets, and related accessories. Its history goes back to the 1950’s.</p>\n<p>In mid-May, the company releasedQ3metrics for the quarter ended March 31. Revenue was $4 million, a 17% decrease from the prior-year period. Net loss increased to $474,168 compared to $97,373 last year. Diluted loss per share was 6 cents compared to 1 cent a year ago.</p>\n<p>“The business has shifted away from a concentration in mass market retailers to more consumer direct, specialty and distributor based channels. The net decline in the quarter’s sales revenue can largely be attributed to the sporadic service disruptions of freight carriers.” remarked CEO Michael J. Koss.</p>\n<p>KOSS stock started 2021 with a 480% surge on January 27 before plunging back over the next three days.The meme stock jumped againon June 2 by almost 70% before entering a corrective decline. The shares currently hover around $23, up more than 550% YTD, and trade at 11.81 times sales.</p>\n<p><b>Pitney Bowes (PBI)</b><img src=\"https://static.tigerbbs.com/da269c5f1b56d3bf0996c5ced5e86acf\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p><b>52-week range:</b>$16.22 – $41.10</p>\n<p>Stamford, Connecticut-based Pitney Bowes offers mailing and commerce solutions that also include cross-border e-commerce logistics as well as analytics. Clients worldwide include 90% of the Fortune 500 businesses.</p>\n<p>Pitney Bowes announced&nbsp;Q1 resultsin early May. Revenue of $915 million represented a 15% YoY growth. However, the bottom line remained in the red. Net loss was $31.6 million. Adjusted earnings per share (EPS) was 7 cents, up from 5 cents in the prior-year quarter. Cash and equivalents came at $681 million.</p>\n<p>CEO Marc B. Lautenbach remarked, “Revenue continued to demonstrate strong growth, every business improved its EBIT performance from the prior year, and we strengthened our balance sheet.”</p>\n<p>PBI stock soared 51% in January, as the company found itself caught up in the short squeeze craze. However, the stock later plunged in early February despite having just announced surprisingly strong sales results. PBI stock currently hovers slightly above $8, up almost 32% YTD.</p>\n<p>Pitney Bowes expects annual revenue to grow in the low-to-mid single-digit range during 2021. Its forward P/E and current P/S ratios stand at 23.15 and 0.38, respectively.</p>\n<p><b>Rocket Companies (RKT)</b><img src=\"https://static.tigerbbs.com/eff519cd6be619f516f01777d706a90c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Lori Butcher / Shutterstock.com</p>\n<p><b>52-week range:</b>$16.22 – $41.10</p>\n<p>Detroit, Michigan-based Rocket is the parent company ofRocket Mortgage, formerly known as Quicken Loans. The financial services group consists of tech-driven real estate, mortgage, and e-commerce businesses. In addition to Rocket Mortgage, the largest mortgage lender stateside, the company has expanded to complementary industries, such as real estate services, auto sales and personal lending. The company went public in August 2020.</p>\n<p>In mid-May, Rocket released itsQ1 2021 figures. Top line for the first quarter was $4.6 billion indicating 236% YoY growth. The company has profited generously from low interest rates. Net earnings surged by 28x and stood at $2.8 billion. Adjusted diluted EPS was 89 cents. Closed loan origination volume of $103.5 billion and net rate lock volume of $95.1 billion represented 100% and 70% YoY improvement, respectively.</p>\n<p>CEO Jay Farner stated, “This was the sixth consecutive quarter where our team was able to double the company’s home loan volume year-over-year.”</p>\n<p>Despite an impressive performance, this is one meme stock that does not trade at an astronomical valuation. Analysts have been debating whether the shares should be priced as a consumer or financial company rather than a technology platform as the company would like to increasingly promote itself.</p>\n<p>Reddit group r/WallStreetBets noticed significant short interestin the company and pushed the stock price up to almost $42 in early March. RKT stock currently hovers around $19.50 territory, down nearly 4% YTD.</p>\n<p>The mortgage refinancing market is expected to slow in 2021. Investors are increasingly worried about a potential increase in interest rates given the recent update from the Fed. RKT stock’s forward P/E and current P/B ratios stand at 9.00 and 4.78, respectively.</p>\n<p><b>UWM Holdings (UWMC)</b><img src=\"https://static.tigerbbs.com/fc9d9d460808b03a1b7b500c9372cc59\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p><b>52-week range:</b>$6.25 – $14.38</p>\n<p><b>Dividend yield:</b>4.20%</p>\n<p>Pontiac, Michigan-based UWM Holdings is the publicly traded indirect parent of United Wholesale Mortgage (UWM), a leading wholesale lender stateside. It underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks, and local credit unions.</p>\n<p>UWMC announcedQ1&nbsp;earningsin early May. Revenue increased more than 160% YoY to $1.2 billion. Net earnings stood at $48 million, or 33 cents per share. Loan volume originations were $49.1 billion, representing a 16% YoY increase from the prior-year quarter. The total gain margin was 219 basis points (bps) in the first quarter compared to 95 bps in the prior-year quarter.</p>\n<p>CEO Mat Ishbia said, “The first quarter of 2021 was not only the best first quarter in our 35-year history, it also marked our first quarter as a public company and solidified our foundation for growth.”</p>\n<p>The period of easy refinancing activity that began with the pandemic seems to be slowing down along with rising interest rates. Analysts are concerned that the next several quarters could therefore be difficult for the whole industry.</p>\n<p>UWMC stock surged morethan 10% on June 9 due to attention from the meme stock community on Reddit. The stock currently trades at $9.50 territory, down more than 27% YTD. The shares are trading at 8.06x their book value.</p>\n<p><b>Zynga (ZNGA)</b><img src=\"https://static.tigerbbs.com/6457f9133e5ba18814f10b7d2d00317c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: 360b / Shutterstock.com</p>\n<p><b>52-week range:</b>$7.77 – $12.32</p>\n<p>San Francisco, California-based gaming group Zynga develops and markets games played on mobile platforms and social media platforms like<b>Facebook</b>(NASDAQ:<b><u>FB</u></b>). The company generates revenue through mobile game downloads, in-game sales of virtual goods, and advertising services.</p>\n<p>Recent years have seen impressive growth in the video game space, in part driven by mobile games. Metricssuggestthat the industry will be worth :$200 Billion by 2023. The biggest areas of growth are in Latin America and APAC, ” or Asia-Pacific, led by China.</p>\n<p>Zynga announcedQ1numbersin early May. Total revenue was $680 million, up 68.4% YoY. However, the bottom line remained in the red with a $23 million loss. Diluted loss per share was 2 cents for the quarter. Cash and equivalents ended Q1 at $700 million.</p>\n<p>CEO Frank Gibeau said, “We are off to an excellent start in 2021, delivering record Q1 results ahead of guidance and generating strong momentum across all aspects of our growth strategy. Our tremendous quarterly revenue and bookings were driven by breakout performances from our live services, new games, and hyper-casual portfolio.”</p>\n<p>The Street highlights that ZNGA stock boasts growth drivers such as international growth and multiplatform games. Surging sales in China led to a 67% YoY rise in international revenue. Management updated revenue guidance to $2.7 billion for the full year, implying 37% YoY growth, thanks to its new game releases and significant growth from its advertising business. 2021 year-end net loss guidance stands at $135 million.</p>\n<p>Recent days saw a peer,<b>Corsair Gaming</b>(NASDAQ:<b><u>CRSR</u></b>) join the ranks of meme stocks. Various social media groups hype it as the next millionaire-maker stock. Therefore, Zynga shares could well follow suit.</p>\n<p>ZNGA stock currently hovers around $10.30, up almost 5% YTD. Despite its net loss guidance, ZNGA stock trades at 43.48x its forward P/E, higher than<b>Activision Blizzard’s</b>&nbsp;(NASDAQ:<b>ATVI</b>) forward P/E at 25.32. ZNGA stock’s P/S ratio stands at 4.81.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Move Over AMC, Make Way for This New Wave of 7 Favorite Meme Stocks</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\">\nMove Over AMC, Make Way for This New Wave of 7 Favorite Meme Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 17:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/move-over-amc-make-way-for-this-new-wave-of-7-favorite-meme-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are seven shares that could move to meme stock status soon.\n\nMeme stocks are among the hottest topics on Wall Street. As a result, such shares have seen a significant surge in trading activity, ...</p>\n\n<a href=\"https://investorplace.com/2021/06/move-over-amc-make-way-for-this-new-wave-of-7-favorite-meme-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RKT":"Rocket Companies","CLNE":"Clean Energy Fuels Corp","PBI":"必能宝","ZNGA":"Zynga","KOSS":"高斯电子","UWMC":"UWM Holdings Corporation"},"source_url":"https://investorplace.com/2021/06/move-over-amc-make-way-for-this-new-wave-of-7-favorite-meme-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112175042","content_text":"Here are seven shares that could move to meme stock status soon.\n\nMeme stocks are among the hottest topics on Wall Street. As a result, such shares have seen a significant surge in trading activity, often fueled by social media platforms likeReddit andTwitter (NYSE:TWTR). And because the prices of meme stocks tend to skyrocket in a matter of sessions, the mouthwatering returns seem to attract more and more risk takers by the day.\nFor instance,AMC Entertainment Holdings(NYSE:AMC) boasts a year-to-date (YTD) gain of about 2,650%, soaring as much as 561% in January alone. Therefore, today’s article discusses seven stocks thatmay gain traction on social mediasoon and become meme stocks as well.\nRight now, retail investors seem eager toboost their favorite meme stocksafter realizing the magnitude of their collective power. They usually target stocks with significant short interest to squeeze institutional investors into covering their short positions.\nAccording toS3 Partnersdata, investors searching for meme stock candidates may find over 2,000 firms with a market cap of at least $100 million and short interest of 15% or more. Therefore, we could be looking at a retail investor crusade with considerable impact on the stock market.\nWhile these rallies can generate lucrative returns in a short period, most meme stocks are highly volatile. They are valued for their social media popularity rather than their financial performance. Therefore, investors should exercise caution as such shares would not be suitable for all portfolios.\nWith that information, we have identified seven firms poised to build up meme stock status in the near term:\n\nArrival(NASDAQ:ARVL)\nClean Energy Fuels (NASDAQ:CLNE)\nKoss(NASDAQ:KOSS)\nPitney Bowes (NYSE:PBI)\nRocket Companies (NYSE:RKT)\nUWM Holdings (NYSE:UWMC)\nZynga (NASDAQ:ZNGA)\n\nMeme Stocks to Watch:Arrival (ARVL)Source: Shutterstock\n52-week range:$9.80 – $37.18\nBritish electric vehicle (EV) manufacturerArrivalwent public in March after merging with with CIIG Merger Corp, a special purpose acquisition company (SPAC). Arrival is a pre-revenue business focusing on the production of commercial electric vehicle vans and buses.\nThe group claims to be reinventing the automotive industry with its unique approach to building micro-factories near potential customers in metro areas. For instance, the first U.S. micro-factory, in York County, South Carolina, is scheduled to produce electric buses from the fourth quarter of 2021. “The talk is of 1,000 battery buses per year,” Electrive.comreported.\nArrival announcedQ1 financial resultson May 13. Adjusted EBITDA loss was 27 million EUR ($32.3 million) compared to 14 million EUR in the prior-year period. Adjusted loss per share was 16 cents EUR. Cash and equivalents ended the first quarter at 516 million EUR.\nThe current capital expenditure projection stands at $50 million. Management noted the second U.S. micro-factory will be built in Charlotte, North Carolina and the first European van micro-factory will be located in Spain.\n“We are fully focused on executing our business plan to bring our microfactories to multiple cities and markets to serve their communities and accelerate the transition to zero-emission transportation. We continue to expect to have four vehicles — the bus, van, large van, and car — on the market by the end of 2023,” said CEO Denis Sverdlov in theearnings update.\nThe EV group plans to start production of the “Arrival Bus” by Q4. Public road trials of its bus are expected to begin this fall withFirst Bus, one of the U.K.’s largest transport operators.\nMeme stock communitiesnoticed that about 7% of Arrival’s public share float was sold short, as of May 28. ARVL stock jumped more than 15% in mid-June due to the social media frenzy by Reddit users. The share price currently hovers around $18, down 36% YTD.\nClean Energy Fuels (CLNE)Source: ZikG / Shutterstock.com\n52-week range:$2.01 – $19.79\nNewport Beach, California-based Clean Energy Fuels is natural gas marketer and retailer in the U.S. and Canada. The company delivers renewable natural gas (RNG) via liquefied natural gas (LNG) and compressed natural gas (CNG) to its network of fueling stations. In addition, it builds LNG and CNG fueling stations for the transportation market, operating a network of 570 stations in both countries.\nThe company announcedQ1 resultsin early May. Total revenue fell 10.3% year-over-year (YoY) to $77.1 million. Net loss was $7.2 million in the first quarter. Non-GAAP loss per share remained flat YoY at 1 cent. Cash and equivalents stood at $117 million at the end of the quarter.\nCEO Andrew J. Littlefair expressed his satisfaction with the results despite the ongoing effects of the pandemic. Clean Energy Fuels seems well aligned with the Biden administration’s plans to reduce the country’s carbon emissions over the next decade. In addition, CLNE signed a five-year agreement withAmazon (NASDAQ:AMZN) to provide RNG at 27 of its existing fueling stations and another 19 in the near future.\nThe stock soared by more than 30% onJune 8 as a new meme stock candidatebefore plunging 15% on the next day. CLNE stock currently trades at $11.80 territory, up almost 50% YTD. On a a price-to-sales (P/S) basis, shares currently trade at 8.29x.\nKoss (KOSS)Source: SiljeAO / Shutterstock.com\n52-week range:$1.32 – $127.45\nMilwaukee, Wisconsin-based Koss manufactures and sells stereo headphones, wireless Bluetooth speakers, telecommunications headsets, and related accessories. Its history goes back to the 1950’s.\nIn mid-May, the company releasedQ3metrics for the quarter ended March 31. Revenue was $4 million, a 17% decrease from the prior-year period. Net loss increased to $474,168 compared to $97,373 last year. Diluted loss per share was 6 cents compared to 1 cent a year ago.\n“The business has shifted away from a concentration in mass market retailers to more consumer direct, specialty and distributor based channels. The net decline in the quarter’s sales revenue can largely be attributed to the sporadic service disruptions of freight carriers.” remarked CEO Michael J. Koss.\nKOSS stock started 2021 with a 480% surge on January 27 before plunging back over the next three days.The meme stock jumped againon June 2 by almost 70% before entering a corrective decline. The shares currently hover around $23, up more than 550% YTD, and trade at 11.81 times sales.\nPitney Bowes (PBI)Source: Shutterstock\n52-week range:$16.22 – $41.10\nStamford, Connecticut-based Pitney Bowes offers mailing and commerce solutions that also include cross-border e-commerce logistics as well as analytics. Clients worldwide include 90% of the Fortune 500 businesses.\nPitney Bowes announced Q1 resultsin early May. Revenue of $915 million represented a 15% YoY growth. However, the bottom line remained in the red. Net loss was $31.6 million. Adjusted earnings per share (EPS) was 7 cents, up from 5 cents in the prior-year quarter. Cash and equivalents came at $681 million.\nCEO Marc B. Lautenbach remarked, “Revenue continued to demonstrate strong growth, every business improved its EBIT performance from the prior year, and we strengthened our balance sheet.”\nPBI stock soared 51% in January, as the company found itself caught up in the short squeeze craze. However, the stock later plunged in early February despite having just announced surprisingly strong sales results. PBI stock currently hovers slightly above $8, up almost 32% YTD.\nPitney Bowes expects annual revenue to grow in the low-to-mid single-digit range during 2021. Its forward P/E and current P/S ratios stand at 23.15 and 0.38, respectively.\nRocket Companies (RKT)Source: Lori Butcher / Shutterstock.com\n52-week range:$16.22 – $41.10\nDetroit, Michigan-based Rocket is the parent company ofRocket Mortgage, formerly known as Quicken Loans. The financial services group consists of tech-driven real estate, mortgage, and e-commerce businesses. In addition to Rocket Mortgage, the largest mortgage lender stateside, the company has expanded to complementary industries, such as real estate services, auto sales and personal lending. The company went public in August 2020.\nIn mid-May, Rocket released itsQ1 2021 figures. Top line for the first quarter was $4.6 billion indicating 236% YoY growth. The company has profited generously from low interest rates. Net earnings surged by 28x and stood at $2.8 billion. Adjusted diluted EPS was 89 cents. Closed loan origination volume of $103.5 billion and net rate lock volume of $95.1 billion represented 100% and 70% YoY improvement, respectively.\nCEO Jay Farner stated, “This was the sixth consecutive quarter where our team was able to double the company’s home loan volume year-over-year.”\nDespite an impressive performance, this is one meme stock that does not trade at an astronomical valuation. Analysts have been debating whether the shares should be priced as a consumer or financial company rather than a technology platform as the company would like to increasingly promote itself.\nReddit group r/WallStreetBets noticed significant short interestin the company and pushed the stock price up to almost $42 in early March. RKT stock currently hovers around $19.50 territory, down nearly 4% YTD.\nThe mortgage refinancing market is expected to slow in 2021. Investors are increasingly worried about a potential increase in interest rates given the recent update from the Fed. RKT stock’s forward P/E and current P/B ratios stand at 9.00 and 4.78, respectively.\nUWM Holdings (UWMC)Source: Shutterstock\n52-week range:$6.25 – $14.38\nDividend yield:4.20%\nPontiac, Michigan-based UWM Holdings is the publicly traded indirect parent of United Wholesale Mortgage (UWM), a leading wholesale lender stateside. It underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks, and local credit unions.\nUWMC announcedQ1 earningsin early May. Revenue increased more than 160% YoY to $1.2 billion. Net earnings stood at $48 million, or 33 cents per share. Loan volume originations were $49.1 billion, representing a 16% YoY increase from the prior-year quarter. The total gain margin was 219 basis points (bps) in the first quarter compared to 95 bps in the prior-year quarter.\nCEO Mat Ishbia said, “The first quarter of 2021 was not only the best first quarter in our 35-year history, it also marked our first quarter as a public company and solidified our foundation for growth.”\nThe period of easy refinancing activity that began with the pandemic seems to be slowing down along with rising interest rates. Analysts are concerned that the next several quarters could therefore be difficult for the whole industry.\nUWMC stock surged morethan 10% on June 9 due to attention from the meme stock community on Reddit. The stock currently trades at $9.50 territory, down more than 27% YTD. The shares are trading at 8.06x their book value.\nZynga (ZNGA)Source: 360b / Shutterstock.com\n52-week range:$7.77 – $12.32\nSan Francisco, California-based gaming group Zynga develops and markets games played on mobile platforms and social media platforms likeFacebook(NASDAQ:FB). The company generates revenue through mobile game downloads, in-game sales of virtual goods, and advertising services.\nRecent years have seen impressive growth in the video game space, in part driven by mobile games. Metricssuggestthat the industry will be worth :$200 Billion by 2023. The biggest areas of growth are in Latin America and APAC, ” or Asia-Pacific, led by China.\nZynga announcedQ1numbersin early May. Total revenue was $680 million, up 68.4% YoY. However, the bottom line remained in the red with a $23 million loss. Diluted loss per share was 2 cents for the quarter. Cash and equivalents ended Q1 at $700 million.\nCEO Frank Gibeau said, “We are off to an excellent start in 2021, delivering record Q1 results ahead of guidance and generating strong momentum across all aspects of our growth strategy. Our tremendous quarterly revenue and bookings were driven by breakout performances from our live services, new games, and hyper-casual portfolio.”\nThe Street highlights that ZNGA stock boasts growth drivers such as international growth and multiplatform games. Surging sales in China led to a 67% YoY rise in international revenue. Management updated revenue guidance to $2.7 billion for the full year, implying 37% YoY growth, thanks to its new game releases and significant growth from its advertising business. 2021 year-end net loss guidance stands at $135 million.\nRecent days saw a peer,Corsair Gaming(NASDAQ:CRSR) join the ranks of meme stocks. Various social media groups hype it as the next millionaire-maker stock. Therefore, Zynga shares could well follow suit.\nZNGA stock currently hovers around $10.30, up almost 5% YTD. Despite its net loss guidance, ZNGA stock trades at 43.48x its forward P/E, higher thanActivision Blizzard’s (NASDAQ:ATVI) forward P/E at 25.32. ZNGA stock’s P/S ratio stands at 4.81.","news_type":1},"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":128417637,"gmtCreate":1624527425329,"gmtModify":1703839391713,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128417637","repostId":"1184361611","repostType":4,"repost":{"id":"1184361611","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624526066,"share":"https://ttm.financial/m/news/1184361611?lang=&edition=fundamental","pubTime":"2021-06-24 17:14","market":"us","language":"en","title":"A 6.7-Inch iPhone At $900? Analyst Says Apple Will Bring This Product To Market Next Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1184361611","media":"Benzinga","summary":"Apple Inc(NASDAQ:AAPL) will launch two lower-end iPhones with larger screens next year, as per analy","content":"<p><b>Apple Inc</b>(NASDAQ:AAPL) will launch two lower-end iPhones with larger screens next year, as per analyst Ming-Chi Kuo.</p>\n<p><b>What Happened:</b>&nbsp;Apple’s lineup in the second half of 2022 will include two iPhone lines with 6.7-inch screens — one will&nbsp;serve the low-end market and another will cater to the premium one, Kuo said, as per9to5Mac.&nbsp;Both these models will also be available in the 6.1-inch screen size.</p>\n<p>According to the report, Kuo believes the 2022 lineup will have under-display fingerprint support and it will be available at the most affordable price point for a large screen and expected to be under $900.</p>\n<p>The current iPhone lineup includes the 6.7-inch iPhone 12 Pro Max, which is priced at $1,099. Kuo said the 2022 lineup could be named iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max.</p>\n<p><b>Why It Matters:</b>&nbsp;Apple’s iPhone 12 Pro Max, launched last year, is its biggest phone to-date. The company’s yet-to-be-announced 2021 lineup is expected to sport the same variants as its predecessor from last year and the big changes will only be revealed next year, as per reports.</p>\n<p><b>Price Action:</b>&nbsp;Apple shares closed 0.2% lower at $133.70 on Wednesday.</p>\n<p><img src=\"https://static.tigerbbs.com/e12ede45502bee1f416acaa08de1af92\" tg-width=\"661\" tg-height=\"250\"></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>A 6.7-Inch iPhone At $900? Analyst Says Apple Will Bring This Product To Market Next Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA 6.7-Inch iPhone At $900? Analyst Says Apple Will Bring This Product To Market Next Year\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-24 17:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Apple Inc</b>(NASDAQ:AAPL) will launch two lower-end iPhones with larger screens next year, as per analyst Ming-Chi Kuo.</p>\n<p><b>What Happened:</b>&nbsp;Apple’s lineup in the second half of 2022 will include two iPhone lines with 6.7-inch screens — one will&nbsp;serve the low-end market and another will cater to the premium one, Kuo said, as per9to5Mac.&nbsp;Both these models will also be available in the 6.1-inch screen size.</p>\n<p>According to the report, Kuo believes the 2022 lineup will have under-display fingerprint support and it will be available at the most affordable price point for a large screen and expected to be under $900.</p>\n<p>The current iPhone lineup includes the 6.7-inch iPhone 12 Pro Max, which is priced at $1,099. Kuo said the 2022 lineup could be named iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max.</p>\n<p><b>Why It Matters:</b>&nbsp;Apple’s iPhone 12 Pro Max, launched last year, is its biggest phone to-date. The company’s yet-to-be-announced 2021 lineup is expected to sport the same variants as its predecessor from last year and the big changes will only be revealed next year, as per reports.</p>\n<p><b>Price Action:</b>&nbsp;Apple shares closed 0.2% lower at $133.70 on Wednesday.</p>\n<p><img src=\"https://static.tigerbbs.com/e12ede45502bee1f416acaa08de1af92\" tg-width=\"661\" tg-height=\"250\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184361611","content_text":"Apple Inc(NASDAQ:AAPL) will launch two lower-end iPhones with larger screens next year, as per analyst Ming-Chi Kuo.\nWhat Happened: Apple’s lineup in the second half of 2022 will include two iPhone lines with 6.7-inch screens — one will serve the low-end market and another will cater to the premium one, Kuo said, as per9to5Mac. Both these models will also be available in the 6.1-inch screen size.\nAccording to the report, Kuo believes the 2022 lineup will have under-display fingerprint support and it will be available at the most affordable price point for a large screen and expected to be under $900.\nThe current iPhone lineup includes the 6.7-inch iPhone 12 Pro Max, which is priced at $1,099. Kuo said the 2022 lineup could be named iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max.\nWhy It Matters: Apple’s iPhone 12 Pro Max, launched last year, is its biggest phone to-date. The company’s yet-to-be-announced 2021 lineup is expected to sport the same variants as its predecessor from last year and the big changes will only be revealed next year, as per reports.\nPrice Action: Apple shares closed 0.2% lower at $133.70 on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128414757,"gmtCreate":1624527410379,"gmtModify":1703839390582,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"themes":[],"htmlText":"To the moon ~","listText":"To the moon ~","text":"To the moon ~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128414757","repostId":"1112175042","repostType":4,"repost":{"id":"1112175042","pubTimestamp":1624526935,"share":"https://ttm.financial/m/news/1112175042?lang=&edition=fundamental","pubTime":"2021-06-24 17:28","market":"us","language":"en","title":"Move Over AMC, Make Way for This New Wave of 7 Favorite Meme Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1112175042","media":"InvestorPlace","summary":"Here are seven shares that could move to meme stock status soon.\n\nMeme stocks are among the hottest ","content":"<blockquote>\n <b>Here are seven shares that could move to meme stock status soon.</b>\n</blockquote>\n<p>Meme stocks are among the hottest topics on Wall Street. As a result, such shares have seen a significant surge in trading activity, often fueled by social media platforms like<b>Reddit</b>&nbsp;and<b>Twitter</b>&nbsp;(NYSE:<b>TWTR</b>). And because the prices of meme stocks tend to skyrocket in a matter of sessions, the mouthwatering returns seem to attract more and more risk takers by the day.</p>\n<p>For instance,<b>AMC Entertainment Holdings</b>(NYSE:<b><u>AMC</u></b>) boasts a year-to-date (YTD) gain of about 2,650%, soaring as much as 561% in January alone. Therefore, today’s article discusses seven stocks thatmay gain traction on social mediasoon and become meme stocks as well.</p>\n<p>Right now, retail investors seem eager toboost their favorite meme stocksafter realizing the magnitude of their collective power. They usually target stocks with significant short interest to squeeze institutional investors into covering their short positions.</p>\n<p>According to<b>S3 Partners</b>data, investors searching for meme stock candidates may find over 2,000 firms with a market cap of at least $100 million and short interest of 15% or more. Therefore, we could be looking at a retail investor crusade with considerable impact on the stock market.</p>\n<p>While these rallies can generate lucrative returns in a short period, most meme stocks are highly volatile. They are valued for their social media popularity rather than their financial performance. Therefore, investors should exercise caution as such shares would not be suitable for all portfolios.</p>\n<p>With that information, we have identified seven firms poised to build up meme stock status in the near term:</p>\n<ul>\n <li><b>Arrival</b>(NASDAQ:<b>ARVL</b>)</li>\n <li><b>Clean Energy Fuels</b>&nbsp;(NASDAQ:<b>CLNE</b>)</li>\n <li><b>Koss</b>(NASDAQ:<b><u>KOSS</u></b>)</li>\n <li><b>Pitney Bowes</b>&nbsp;(NYSE:<b>PBI</b>)</li>\n <li><b>Rocket Companies</b>&nbsp;(NYSE:<b>RKT</b>)</li>\n <li><b>UWM Holdings</b>&nbsp;(NYSE:<b>UWMC</b>)</li>\n <li><b>Zynga</b>&nbsp;(NASDAQ:<b><u>ZNGA</u></b>)</li>\n</ul>\n<p><b>Meme Stocks to Watch:Arrival (ARVL)</b><img src=\"https://static.tigerbbs.com/f52a9acd3d239abec555a714ef2e0170\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p><b>52-week range:</b>$9.80 – $37.18</p>\n<p>British electric vehicle (EV) manufacturerArrivalwent public in March after merging with with CIIG Merger Corp, a special purpose acquisition company (SPAC). Arrival is a pre-revenue business focusing on the production of commercial electric vehicle vans and buses.</p>\n<p>The group claims to be reinventing the automotive industry with its unique approach to building micro-factories near potential customers in metro areas. For instance, the first U.S. micro-factory, in York County, South Carolina, is scheduled to produce electric buses from the fourth quarter of 2021. “The talk is of 1,000 battery buses per year,”&nbsp;<i>Electrive.com</i>reported.</p>\n<p>Arrival announcedQ1 financial resultson May 13. Adjusted EBITDA loss was 27 million EUR ($32.3 million) compared to 14 million EUR in the prior-year period. Adjusted loss per share was 16 cents EUR. Cash and equivalents ended the first quarter at 516 million EUR.</p>\n<p>The current capital expenditure projection stands at $50 million. Management noted the second U.S. micro-factory will be built in Charlotte, North Carolina and the first European van micro-factory will be located in Spain.</p>\n<p>“We are fully focused on executing our business plan to bring our microfactories to multiple cities and markets to serve their communities and accelerate the transition to zero-emission transportation. We continue to expect to have four vehicles — the bus, van, large van, and car — on the market by the end of 2023,” said CEO Denis Sverdlov in theearnings update.</p>\n<p>The EV group plans to start production of the “Arrival Bus” by Q4. Public road trials of its bus are expected to begin this fall with<b>First Bus</b>, one of the U.K.’s largest transport operators.</p>\n<p>Meme stock communitiesnoticed that about 7% of Arrival’s public share float was sold short, as of May 28. ARVL stock jumped more than 15% in mid-June due to the social media frenzy by Reddit users. The share price currently hovers around $18, down 36% YTD.</p>\n<p><b>Clean Energy Fuels (CLNE)</b><img src=\"https://static.tigerbbs.com/d0b07c87f30d7554c902c122359e6802\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: ZikG / Shutterstock.com</p>\n<p><b>52-week range:</b>$2.01 – $19.79</p>\n<p>Newport Beach, California-based Clean Energy Fuels is natural gas marketer and retailer in the U.S. and Canada. The company delivers renewable natural gas (RNG) via liquefied natural gas (LNG) and compressed natural gas (CNG) to its network of fueling stations. In addition, it builds LNG and CNG fueling stations for the transportation market, operating a network of 570 stations in both countries.</p>\n<p>The company announcedQ1&nbsp;resultsin early May. Total revenue fell 10.3% year-over-year (YoY) to $77.1 million. Net loss was $7.2 million in the first quarter. Non-GAAP loss per share remained flat YoY at 1 cent. Cash and equivalents stood at $117 million at the end of the quarter.</p>\n<p>CEO Andrew J. Littlefair expressed his satisfaction with the results despite the ongoing effects of the pandemic. Clean Energy Fuels seems well aligned with the Biden administration’s plans to reduce the country’s carbon emissions over the next decade. In addition, CLNE signed a five-year agreement with<b>Amazon</b>&nbsp;(NASDAQ:AMZN) to provide RNG at 27 of its existing fueling stations and another 19 in the near future.</p>\n<p>The stock soared by more than 30% onJune 8 as a new meme stock candidatebefore plunging 15% on the next day. CLNE stock currently trades at $11.80 territory, up almost 50% YTD. On a a price-to-sales (P/S) basis, shares currently trade at 8.29x.</p>\n<p><b>Koss (KOSS)</b><img src=\"https://static.tigerbbs.com/e25898dc300636bdc7e126636b69b71c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: SiljeAO / Shutterstock.com</p>\n<p><b>52-week range:</b>$1.32 – $127.45</p>\n<p>Milwaukee, Wisconsin-based Koss manufactures and sells stereo headphones, wireless Bluetooth speakers, telecommunications headsets, and related accessories. Its history goes back to the 1950’s.</p>\n<p>In mid-May, the company releasedQ3metrics for the quarter ended March 31. Revenue was $4 million, a 17% decrease from the prior-year period. Net loss increased to $474,168 compared to $97,373 last year. Diluted loss per share was 6 cents compared to 1 cent a year ago.</p>\n<p>“The business has shifted away from a concentration in mass market retailers to more consumer direct, specialty and distributor based channels. The net decline in the quarter’s sales revenue can largely be attributed to the sporadic service disruptions of freight carriers.” remarked CEO Michael J. Koss.</p>\n<p>KOSS stock started 2021 with a 480% surge on January 27 before plunging back over the next three days.The meme stock jumped againon June 2 by almost 70% before entering a corrective decline. The shares currently hover around $23, up more than 550% YTD, and trade at 11.81 times sales.</p>\n<p><b>Pitney Bowes (PBI)</b><img src=\"https://static.tigerbbs.com/da269c5f1b56d3bf0996c5ced5e86acf\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p><b>52-week range:</b>$16.22 – $41.10</p>\n<p>Stamford, Connecticut-based Pitney Bowes offers mailing and commerce solutions that also include cross-border e-commerce logistics as well as analytics. Clients worldwide include 90% of the Fortune 500 businesses.</p>\n<p>Pitney Bowes announced&nbsp;Q1 resultsin early May. Revenue of $915 million represented a 15% YoY growth. However, the bottom line remained in the red. Net loss was $31.6 million. Adjusted earnings per share (EPS) was 7 cents, up from 5 cents in the prior-year quarter. Cash and equivalents came at $681 million.</p>\n<p>CEO Marc B. Lautenbach remarked, “Revenue continued to demonstrate strong growth, every business improved its EBIT performance from the prior year, and we strengthened our balance sheet.”</p>\n<p>PBI stock soared 51% in January, as the company found itself caught up in the short squeeze craze. However, the stock later plunged in early February despite having just announced surprisingly strong sales results. PBI stock currently hovers slightly above $8, up almost 32% YTD.</p>\n<p>Pitney Bowes expects annual revenue to grow in the low-to-mid single-digit range during 2021. Its forward P/E and current P/S ratios stand at 23.15 and 0.38, respectively.</p>\n<p><b>Rocket Companies (RKT)</b><img src=\"https://static.tigerbbs.com/eff519cd6be619f516f01777d706a90c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Lori Butcher / Shutterstock.com</p>\n<p><b>52-week range:</b>$16.22 – $41.10</p>\n<p>Detroit, Michigan-based Rocket is the parent company ofRocket Mortgage, formerly known as Quicken Loans. The financial services group consists of tech-driven real estate, mortgage, and e-commerce businesses. In addition to Rocket Mortgage, the largest mortgage lender stateside, the company has expanded to complementary industries, such as real estate services, auto sales and personal lending. The company went public in August 2020.</p>\n<p>In mid-May, Rocket released itsQ1 2021 figures. Top line for the first quarter was $4.6 billion indicating 236% YoY growth. The company has profited generously from low interest rates. Net earnings surged by 28x and stood at $2.8 billion. Adjusted diluted EPS was 89 cents. Closed loan origination volume of $103.5 billion and net rate lock volume of $95.1 billion represented 100% and 70% YoY improvement, respectively.</p>\n<p>CEO Jay Farner stated, “This was the sixth consecutive quarter where our team was able to double the company’s home loan volume year-over-year.”</p>\n<p>Despite an impressive performance, this is one meme stock that does not trade at an astronomical valuation. Analysts have been debating whether the shares should be priced as a consumer or financial company rather than a technology platform as the company would like to increasingly promote itself.</p>\n<p>Reddit group r/WallStreetBets noticed significant short interestin the company and pushed the stock price up to almost $42 in early March. RKT stock currently hovers around $19.50 territory, down nearly 4% YTD.</p>\n<p>The mortgage refinancing market is expected to slow in 2021. Investors are increasingly worried about a potential increase in interest rates given the recent update from the Fed. RKT stock’s forward P/E and current P/B ratios stand at 9.00 and 4.78, respectively.</p>\n<p><b>UWM Holdings (UWMC)</b><img src=\"https://static.tigerbbs.com/fc9d9d460808b03a1b7b500c9372cc59\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p><b>52-week range:</b>$6.25 – $14.38</p>\n<p><b>Dividend yield:</b>4.20%</p>\n<p>Pontiac, Michigan-based UWM Holdings is the publicly traded indirect parent of United Wholesale Mortgage (UWM), a leading wholesale lender stateside. It underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks, and local credit unions.</p>\n<p>UWMC announcedQ1&nbsp;earningsin early May. Revenue increased more than 160% YoY to $1.2 billion. Net earnings stood at $48 million, or 33 cents per share. Loan volume originations were $49.1 billion, representing a 16% YoY increase from the prior-year quarter. The total gain margin was 219 basis points (bps) in the first quarter compared to 95 bps in the prior-year quarter.</p>\n<p>CEO Mat Ishbia said, “The first quarter of 2021 was not only the best first quarter in our 35-year history, it also marked our first quarter as a public company and solidified our foundation for growth.”</p>\n<p>The period of easy refinancing activity that began with the pandemic seems to be slowing down along with rising interest rates. Analysts are concerned that the next several quarters could therefore be difficult for the whole industry.</p>\n<p>UWMC stock surged morethan 10% on June 9 due to attention from the meme stock community on Reddit. The stock currently trades at $9.50 territory, down more than 27% YTD. The shares are trading at 8.06x their book value.</p>\n<p><b>Zynga (ZNGA)</b><img src=\"https://static.tigerbbs.com/6457f9133e5ba18814f10b7d2d00317c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: 360b / Shutterstock.com</p>\n<p><b>52-week range:</b>$7.77 – $12.32</p>\n<p>San Francisco, California-based gaming group Zynga develops and markets games played on mobile platforms and social media platforms like<b>Facebook</b>(NASDAQ:<b><u>FB</u></b>). The company generates revenue through mobile game downloads, in-game sales of virtual goods, and advertising services.</p>\n<p>Recent years have seen impressive growth in the video game space, in part driven by mobile games. Metricssuggestthat the industry will be worth :$200 Billion by 2023. The biggest areas of growth are in Latin America and APAC, ” or Asia-Pacific, led by China.</p>\n<p>Zynga announcedQ1numbersin early May. Total revenue was $680 million, up 68.4% YoY. However, the bottom line remained in the red with a $23 million loss. Diluted loss per share was 2 cents for the quarter. Cash and equivalents ended Q1 at $700 million.</p>\n<p>CEO Frank Gibeau said, “We are off to an excellent start in 2021, delivering record Q1 results ahead of guidance and generating strong momentum across all aspects of our growth strategy. Our tremendous quarterly revenue and bookings were driven by breakout performances from our live services, new games, and hyper-casual portfolio.”</p>\n<p>The Street highlights that ZNGA stock boasts growth drivers such as international growth and multiplatform games. Surging sales in China led to a 67% YoY rise in international revenue. Management updated revenue guidance to $2.7 billion for the full year, implying 37% YoY growth, thanks to its new game releases and significant growth from its advertising business. 2021 year-end net loss guidance stands at $135 million.</p>\n<p>Recent days saw a peer,<b>Corsair Gaming</b>(NASDAQ:<b><u>CRSR</u></b>) join the ranks of meme stocks. Various social media groups hype it as the next millionaire-maker stock. Therefore, Zynga shares could well follow suit.</p>\n<p>ZNGA stock currently hovers around $10.30, up almost 5% YTD. Despite its net loss guidance, ZNGA stock trades at 43.48x its forward P/E, higher than<b>Activision Blizzard’s</b>&nbsp;(NASDAQ:<b>ATVI</b>) forward P/E at 25.32. ZNGA stock’s P/S ratio stands at 4.81.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Move Over AMC, Make Way for This New Wave of 7 Favorite Meme Stocks</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\">\nMove Over AMC, Make Way for This New Wave of 7 Favorite Meme Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 17:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/move-over-amc-make-way-for-this-new-wave-of-7-favorite-meme-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are seven shares that could move to meme stock status soon.\n\nMeme stocks are among the hottest topics on Wall Street. As a result, such shares have seen a significant surge in trading activity, ...</p>\n\n<a href=\"https://investorplace.com/2021/06/move-over-amc-make-way-for-this-new-wave-of-7-favorite-meme-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RKT":"Rocket Companies","CLNE":"Clean Energy Fuels Corp","PBI":"必能宝","ZNGA":"Zynga","KOSS":"高斯电子","UWMC":"UWM Holdings Corporation"},"source_url":"https://investorplace.com/2021/06/move-over-amc-make-way-for-this-new-wave-of-7-favorite-meme-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112175042","content_text":"Here are seven shares that could move to meme stock status soon.\n\nMeme stocks are among the hottest topics on Wall Street. As a result, such shares have seen a significant surge in trading activity, often fueled by social media platforms likeReddit andTwitter (NYSE:TWTR). And because the prices of meme stocks tend to skyrocket in a matter of sessions, the mouthwatering returns seem to attract more and more risk takers by the day.\nFor instance,AMC Entertainment Holdings(NYSE:AMC) boasts a year-to-date (YTD) gain of about 2,650%, soaring as much as 561% in January alone. Therefore, today’s article discusses seven stocks thatmay gain traction on social mediasoon and become meme stocks as well.\nRight now, retail investors seem eager toboost their favorite meme stocksafter realizing the magnitude of their collective power. They usually target stocks with significant short interest to squeeze institutional investors into covering their short positions.\nAccording toS3 Partnersdata, investors searching for meme stock candidates may find over 2,000 firms with a market cap of at least $100 million and short interest of 15% or more. Therefore, we could be looking at a retail investor crusade with considerable impact on the stock market.\nWhile these rallies can generate lucrative returns in a short period, most meme stocks are highly volatile. They are valued for their social media popularity rather than their financial performance. Therefore, investors should exercise caution as such shares would not be suitable for all portfolios.\nWith that information, we have identified seven firms poised to build up meme stock status in the near term:\n\nArrival(NASDAQ:ARVL)\nClean Energy Fuels (NASDAQ:CLNE)\nKoss(NASDAQ:KOSS)\nPitney Bowes (NYSE:PBI)\nRocket Companies (NYSE:RKT)\nUWM Holdings (NYSE:UWMC)\nZynga (NASDAQ:ZNGA)\n\nMeme Stocks to Watch:Arrival (ARVL)Source: Shutterstock\n52-week range:$9.80 – $37.18\nBritish electric vehicle (EV) manufacturerArrivalwent public in March after merging with with CIIG Merger Corp, a special purpose acquisition company (SPAC). Arrival is a pre-revenue business focusing on the production of commercial electric vehicle vans and buses.\nThe group claims to be reinventing the automotive industry with its unique approach to building micro-factories near potential customers in metro areas. For instance, the first U.S. micro-factory, in York County, South Carolina, is scheduled to produce electric buses from the fourth quarter of 2021. “The talk is of 1,000 battery buses per year,” Electrive.comreported.\nArrival announcedQ1 financial resultson May 13. Adjusted EBITDA loss was 27 million EUR ($32.3 million) compared to 14 million EUR in the prior-year period. Adjusted loss per share was 16 cents EUR. Cash and equivalents ended the first quarter at 516 million EUR.\nThe current capital expenditure projection stands at $50 million. Management noted the second U.S. micro-factory will be built in Charlotte, North Carolina and the first European van micro-factory will be located in Spain.\n“We are fully focused on executing our business plan to bring our microfactories to multiple cities and markets to serve their communities and accelerate the transition to zero-emission transportation. We continue to expect to have four vehicles — the bus, van, large van, and car — on the market by the end of 2023,” said CEO Denis Sverdlov in theearnings update.\nThe EV group plans to start production of the “Arrival Bus” by Q4. Public road trials of its bus are expected to begin this fall withFirst Bus, one of the U.K.’s largest transport operators.\nMeme stock communitiesnoticed that about 7% of Arrival’s public share float was sold short, as of May 28. ARVL stock jumped more than 15% in mid-June due to the social media frenzy by Reddit users. The share price currently hovers around $18, down 36% YTD.\nClean Energy Fuels (CLNE)Source: ZikG / Shutterstock.com\n52-week range:$2.01 – $19.79\nNewport Beach, California-based Clean Energy Fuels is natural gas marketer and retailer in the U.S. and Canada. The company delivers renewable natural gas (RNG) via liquefied natural gas (LNG) and compressed natural gas (CNG) to its network of fueling stations. In addition, it builds LNG and CNG fueling stations for the transportation market, operating a network of 570 stations in both countries.\nThe company announcedQ1 resultsin early May. Total revenue fell 10.3% year-over-year (YoY) to $77.1 million. Net loss was $7.2 million in the first quarter. Non-GAAP loss per share remained flat YoY at 1 cent. Cash and equivalents stood at $117 million at the end of the quarter.\nCEO Andrew J. Littlefair expressed his satisfaction with the results despite the ongoing effects of the pandemic. Clean Energy Fuels seems well aligned with the Biden administration’s plans to reduce the country’s carbon emissions over the next decade. In addition, CLNE signed a five-year agreement withAmazon (NASDAQ:AMZN) to provide RNG at 27 of its existing fueling stations and another 19 in the near future.\nThe stock soared by more than 30% onJune 8 as a new meme stock candidatebefore plunging 15% on the next day. CLNE stock currently trades at $11.80 territory, up almost 50% YTD. On a a price-to-sales (P/S) basis, shares currently trade at 8.29x.\nKoss (KOSS)Source: SiljeAO / Shutterstock.com\n52-week range:$1.32 – $127.45\nMilwaukee, Wisconsin-based Koss manufactures and sells stereo headphones, wireless Bluetooth speakers, telecommunications headsets, and related accessories. Its history goes back to the 1950’s.\nIn mid-May, the company releasedQ3metrics for the quarter ended March 31. Revenue was $4 million, a 17% decrease from the prior-year period. Net loss increased to $474,168 compared to $97,373 last year. Diluted loss per share was 6 cents compared to 1 cent a year ago.\n“The business has shifted away from a concentration in mass market retailers to more consumer direct, specialty and distributor based channels. The net decline in the quarter’s sales revenue can largely be attributed to the sporadic service disruptions of freight carriers.” remarked CEO Michael J. Koss.\nKOSS stock started 2021 with a 480% surge on January 27 before plunging back over the next three days.The meme stock jumped againon June 2 by almost 70% before entering a corrective decline. The shares currently hover around $23, up more than 550% YTD, and trade at 11.81 times sales.\nPitney Bowes (PBI)Source: Shutterstock\n52-week range:$16.22 – $41.10\nStamford, Connecticut-based Pitney Bowes offers mailing and commerce solutions that also include cross-border e-commerce logistics as well as analytics. Clients worldwide include 90% of the Fortune 500 businesses.\nPitney Bowes announced Q1 resultsin early May. Revenue of $915 million represented a 15% YoY growth. However, the bottom line remained in the red. Net loss was $31.6 million. Adjusted earnings per share (EPS) was 7 cents, up from 5 cents in the prior-year quarter. Cash and equivalents came at $681 million.\nCEO Marc B. Lautenbach remarked, “Revenue continued to demonstrate strong growth, every business improved its EBIT performance from the prior year, and we strengthened our balance sheet.”\nPBI stock soared 51% in January, as the company found itself caught up in the short squeeze craze. However, the stock later plunged in early February despite having just announced surprisingly strong sales results. PBI stock currently hovers slightly above $8, up almost 32% YTD.\nPitney Bowes expects annual revenue to grow in the low-to-mid single-digit range during 2021. Its forward P/E and current P/S ratios stand at 23.15 and 0.38, respectively.\nRocket Companies (RKT)Source: Lori Butcher / Shutterstock.com\n52-week range:$16.22 – $41.10\nDetroit, Michigan-based Rocket is the parent company ofRocket Mortgage, formerly known as Quicken Loans. The financial services group consists of tech-driven real estate, mortgage, and e-commerce businesses. In addition to Rocket Mortgage, the largest mortgage lender stateside, the company has expanded to complementary industries, such as real estate services, auto sales and personal lending. The company went public in August 2020.\nIn mid-May, Rocket released itsQ1 2021 figures. Top line for the first quarter was $4.6 billion indicating 236% YoY growth. The company has profited generously from low interest rates. Net earnings surged by 28x and stood at $2.8 billion. Adjusted diluted EPS was 89 cents. Closed loan origination volume of $103.5 billion and net rate lock volume of $95.1 billion represented 100% and 70% YoY improvement, respectively.\nCEO Jay Farner stated, “This was the sixth consecutive quarter where our team was able to double the company’s home loan volume year-over-year.”\nDespite an impressive performance, this is one meme stock that does not trade at an astronomical valuation. Analysts have been debating whether the shares should be priced as a consumer or financial company rather than a technology platform as the company would like to increasingly promote itself.\nReddit group r/WallStreetBets noticed significant short interestin the company and pushed the stock price up to almost $42 in early March. RKT stock currently hovers around $19.50 territory, down nearly 4% YTD.\nThe mortgage refinancing market is expected to slow in 2021. Investors are increasingly worried about a potential increase in interest rates given the recent update from the Fed. RKT stock’s forward P/E and current P/B ratios stand at 9.00 and 4.78, respectively.\nUWM Holdings (UWMC)Source: Shutterstock\n52-week range:$6.25 – $14.38\nDividend yield:4.20%\nPontiac, Michigan-based UWM Holdings is the publicly traded indirect parent of United Wholesale Mortgage (UWM), a leading wholesale lender stateside. It underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks, and local credit unions.\nUWMC announcedQ1 earningsin early May. Revenue increased more than 160% YoY to $1.2 billion. Net earnings stood at $48 million, or 33 cents per share. Loan volume originations were $49.1 billion, representing a 16% YoY increase from the prior-year quarter. The total gain margin was 219 basis points (bps) in the first quarter compared to 95 bps in the prior-year quarter.\nCEO Mat Ishbia said, “The first quarter of 2021 was not only the best first quarter in our 35-year history, it also marked our first quarter as a public company and solidified our foundation for growth.”\nThe period of easy refinancing activity that began with the pandemic seems to be slowing down along with rising interest rates. Analysts are concerned that the next several quarters could therefore be difficult for the whole industry.\nUWMC stock surged morethan 10% on June 9 due to attention from the meme stock community on Reddit. The stock currently trades at $9.50 territory, down more than 27% YTD. The shares are trading at 8.06x their book value.\nZynga (ZNGA)Source: 360b / Shutterstock.com\n52-week range:$7.77 – $12.32\nSan Francisco, California-based gaming group Zynga develops and markets games played on mobile platforms and social media platforms likeFacebook(NASDAQ:FB). The company generates revenue through mobile game downloads, in-game sales of virtual goods, and advertising services.\nRecent years have seen impressive growth in the video game space, in part driven by mobile games. Metricssuggestthat the industry will be worth :$200 Billion by 2023. The biggest areas of growth are in Latin America and APAC, ” or Asia-Pacific, led by China.\nZynga announcedQ1numbersin early May. Total revenue was $680 million, up 68.4% YoY. However, the bottom line remained in the red with a $23 million loss. Diluted loss per share was 2 cents for the quarter. Cash and equivalents ended Q1 at $700 million.\nCEO Frank Gibeau said, “We are off to an excellent start in 2021, delivering record Q1 results ahead of guidance and generating strong momentum across all aspects of our growth strategy. Our tremendous quarterly revenue and bookings were driven by breakout performances from our live services, new games, and hyper-casual portfolio.”\nThe Street highlights that ZNGA stock boasts growth drivers such as international growth and multiplatform games. Surging sales in China led to a 67% YoY rise in international revenue. Management updated revenue guidance to $2.7 billion for the full year, implying 37% YoY growth, thanks to its new game releases and significant growth from its advertising business. 2021 year-end net loss guidance stands at $135 million.\nRecent days saw a peer,Corsair Gaming(NASDAQ:CRSR) join the ranks of meme stocks. Various social media groups hype it as the next millionaire-maker stock. Therefore, Zynga shares could well follow suit.\nZNGA stock currently hovers around $10.30, up almost 5% YTD. Despite its net loss guidance, ZNGA stock trades at 43.48x its forward P/E, higher thanActivision Blizzard’s (NASDAQ:ATVI) forward P/E at 25.32. ZNGA stock’s P/S ratio stands at 4.81.","news_type":1},"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128480191,"gmtCreate":1624527466213,"gmtModify":1703839392845,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128480191","repostId":"1166720474","repostType":4,"repost":{"id":"1166720474","pubTimestamp":1624523507,"share":"https://ttm.financial/m/news/1166720474?lang=&edition=fundamental","pubTime":"2021-06-24 16:31","market":"us","language":"en","title":"Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1166720474","media":"seekingalpha","summary":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low","content":"<p><b>Summary</b></p>\n<ul>\n <li>In recent months, I have been advocating buying Bank of America when interest rates are low.</li>\n <li>The Fed is finally explicitly acknowledging inflation risks.</li>\n <li>I am taking advantage of recent dip in the share price of banks.</li>\n <li>The release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.</li>\n <li>I have turned \"very bullish\" and have been accumulating the stock in recent days.</li>\n</ul>\n<p>The Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):</p>\n<p>The markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.</p>\n<p>When the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).</p>\n<p>The conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".</p>\n<p>My base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.</p>\n<p>So in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).</p>\n<p><b>The most interest rates sensitive bank</b></p>\n<p>BAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:</p>\n<p><img src=\"https://static.tigerbbs.com/ec53741ffe4bdcf3ba47e66278a8ff79\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p>\n<p>As you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).</p>\n<p>It is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.</p>\n<p><b>What is driving BAC interest rate sensitivity?</b></p>\n<p>BAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.</p>\n<p>These deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.</p>\n<p>Currently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.</p>\n<p>You can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.</p>\n<p>If you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.</p>\n<p><b>A CCAR winner</b></p>\n<p>The Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.</p>\n<p>I expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:</p>\n<p><img src=\"https://static.tigerbbs.com/43588f352e781a567b15e73f99313e89\" tg-width=\"640\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>As can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.</p>\n<p>As such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.</p>\n<p>Assuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.</p>\n<p>This should translate to increased dividends as well as massive buybacks.</p>\n<p><b>Final thoughts</b></p>\n<p>I see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.</p>\n<p>I have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.</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>Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner</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\">\nBank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166720474","content_text":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip in the share price of banks.\nThe release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.\nI have turned \"very bullish\" and have been accumulating the stock in recent days.\n\nThe Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):\nThe markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.\nWhen the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).\nThe conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".\nMy base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.\nSo in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).\nThe most interest rates sensitive bank\nBAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:\n\nAs you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).\nIt is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.\nWhat is driving BAC interest rate sensitivity?\nBAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.\nThese deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.\nCurrently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.\nYou can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.\nIf you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.\nA CCAR winner\nThe Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.\nI expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:\n\nAs can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.\nAs such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.\nAssuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.\nThis should translate to increased dividends as well as massive buybacks.\nFinal thoughts\nI see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.\nI have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128480031,"gmtCreate":1624527450423,"gmtModify":1703839392037,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"themes":[],"htmlText":"Yeah man","listText":"Yeah man","text":"Yeah man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128480031","repostId":"2145043961","repostType":4,"repost":{"id":"2145043961","pubTimestamp":1624523928,"share":"https://ttm.financial/m/news/2145043961?lang=&edition=fundamental","pubTime":"2021-06-24 16:38","market":"us","language":"en","title":"EMERGING MARKETS-EMEA FX slips on mixed Fed signals, stocks inch higher","url":"https://stock-news.laohu8.com/highlight/detail?id=2145043961","media":"Reuters","summary":"CZK flat after strong rally on Wednesday\nMSCI EM stocks index inches up, FX flat\nCzech, Hungarian c.","content":"<ul>\n <li>CZK flat after strong rally on Wednesday</li>\n <li>MSCI EM stocks index inches up, FX flat</li>\n <li>Czech, Hungarian c.banks kick off rate hike cycles</li>\n</ul>\n<p>June 24 (Reuters) - Most emerging market currencies fell on Thursday as mixed signals from the U.S. Federal Reserve kept investors on edge about when the bank would begin unwinding its massive stimulus program.</p>\n<p>The MSCI's index of EM currencies was flat, while most currencies in Europe, the Middle East and Africa (EMEA) retreated as the dollar hovered below 11-week highs.</p>\n<p>Turkey's lira dropped about 0.4%, while South Africa's rand shed 0.5%. Investors were also watching for producer prices data from Africa's most industrialized economy, due later in the day.</p>\n<p>Russia's rouble rose 0.2%, helped by rising oil prices.</p>\n<p>EM stocks rose slightly, with the MSCI's index adding about 0.2%, tracking overnight gains on Wall Street. Relative stability in equities has also made them more attractive in comparison to foreign exchange, particularly in emerging markets.</p>\n<p>Comments from Fed Chair Jerome Powell earlier this week had suggested that a recent spike in inflation would be transitory, and had sparked a small rally in emerging markets.</p>\n<p>But overnight, two Fed officials said that a period of high inflation in the United States could last longer than anticipated, which supported the dollar.</p>\n<p>Their comments, combined with the Fed's unexpectedly hawkish tilt last week, saw investors fretting over the timeline of the Fed's eventual policy tightening.</p>\n<p>\"Bearing in mind that the Fed has already signalled that it is considering raising interest rates in 2023, with some officials even expressing desire for this to happen next year, we prefer to maintain a cautious stance with regards to the broader market,\" Charalambos Pissouros, senior market analyst at JFD Group wrote in a note.</p>\n<p>Focus was also on the Bank of England's rate-setting meeting later in the day, for any more cues on tightening policy in the developed world, given a rise in inflation this year.</p>\n<p>In central Europe, the Czech crown was flat to the euro after marking its best day in more than two months on Wednesday, as the Czech central bank kicked off a rate hiking cycle.</p>\n<p>The Czech bank is the second central European bank to hike rates this week, after Hungary hiked rates on Tuesday to combat growing price pressures in the aftermath of the COVID-19 pandemic.</p>\n<p>The forint rose 0.2% to the euro.</p>\n<p>An interest rate decision in Mexico is also due later in the day, with the bank widely expected to hold. But its forecast on economic conditions will be closely watched.</p>\n<p>(Reporting by Ambar Warrick; editing by Philippa Fletcher)</p>","source":"yahoofinance","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>EMERGING MARKETS-EMEA FX slips on mixed Fed signals, stocks inch higher</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\">\nEMERGING MARKETS-EMEA FX slips on mixed Fed signals, stocks inch higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/emerging-markets-emea-fx-slips-083848219.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CZK flat after strong rally on Wednesday\nMSCI EM stocks index inches up, FX flat\nCzech, Hungarian c.banks kick off rate hike cycles\n\nJune 24 (Reuters) - Most emerging market currencies fell on ...</p>\n\n<a href=\"https://finance.yahoo.com/news/emerging-markets-emea-fx-slips-083848219.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSCI":"MSCI Inc"},"source_url":"https://finance.yahoo.com/news/emerging-markets-emea-fx-slips-083848219.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145043961","content_text":"CZK flat after strong rally on Wednesday\nMSCI EM stocks index inches up, FX flat\nCzech, Hungarian c.banks kick off rate hike cycles\n\nJune 24 (Reuters) - Most emerging market currencies fell on Thursday as mixed signals from the U.S. Federal Reserve kept investors on edge about when the bank would begin unwinding its massive stimulus program.\nThe MSCI's index of EM currencies was flat, while most currencies in Europe, the Middle East and Africa (EMEA) retreated as the dollar hovered below 11-week highs.\nTurkey's lira dropped about 0.4%, while South Africa's rand shed 0.5%. Investors were also watching for producer prices data from Africa's most industrialized economy, due later in the day.\nRussia's rouble rose 0.2%, helped by rising oil prices.\nEM stocks rose slightly, with the MSCI's index adding about 0.2%, tracking overnight gains on Wall Street. Relative stability in equities has also made them more attractive in comparison to foreign exchange, particularly in emerging markets.\nComments from Fed Chair Jerome Powell earlier this week had suggested that a recent spike in inflation would be transitory, and had sparked a small rally in emerging markets.\nBut overnight, two Fed officials said that a period of high inflation in the United States could last longer than anticipated, which supported the dollar.\nTheir comments, combined with the Fed's unexpectedly hawkish tilt last week, saw investors fretting over the timeline of the Fed's eventual policy tightening.\n\"Bearing in mind that the Fed has already signalled that it is considering raising interest rates in 2023, with some officials even expressing desire for this to happen next year, we prefer to maintain a cautious stance with regards to the broader market,\" Charalambos Pissouros, senior market analyst at JFD Group wrote in a note.\nFocus was also on the Bank of England's rate-setting meeting later in the day, for any more cues on tightening policy in the developed world, given a rise in inflation this year.\nIn central Europe, the Czech crown was flat to the euro after marking its best day in more than two months on Wednesday, as the Czech central bank kicked off a rate hiking cycle.\nThe Czech bank is the second central European bank to hike rates this week, after Hungary hiked rates on Tuesday to combat growing price pressures in the aftermath of the COVID-19 pandemic.\nThe forint rose 0.2% to the euro.\nAn interest rate decision in Mexico is also due later in the day, with the bank widely expected to hold. But its forecast on economic conditions will be closely watched.\n(Reporting by Ambar Warrick; editing by Philippa Fletcher)","news_type":1},"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128417245,"gmtCreate":1624527437087,"gmtModify":1703839391552,"author":{"id":"4087526442543760","authorId":"4087526442543760","authorIdStr":"4087526442543760","name":"JunDe88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087526442543760"},"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/128417245","repostId":"2145043969","repostType":4,"repost":{"id":"2145043969","pubTimestamp":1624525868,"share":"https://ttm.financial/m/news/2145043969?lang=&edition=fundamental","pubTime":"2021-06-24 17:11","market":"us","language":"en","title":"The red hot housing market is slowing down the economy: Morning Brief","url":"https://stock-news.laohu8.com/highlight/detail?id=2145043969","media":"Yahoo Finance","summary":"Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The","content":"<p><img src=\"https://static.tigerbbs.com/a66604c7e5fcdb480747b6a4be692a3d\" tg-width=\"3504\" tg-height=\"2336\" referrerpolicy=\"no-referrer\"></p>\n<h3>Supply can't meet demand, housing edition</h3>\n<p>We've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.</p>\n<p>Home prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.</p>\n<p>But cracks in the housing market have been starting to show, and now are likely to dent U.S gross domestic product (GDP) in the current quarter.</p>\n<p>The hot housing market, in other words, has actually become a drag on growth.</p>\n<p>Housing economist Bill McBride noted Wednesday that the economics group at Goldman Sachs cut its forecast for current quarter GDP, to an annualized growth rate of 8.75%, from a previous outlook for growth to hit 9%. A small change, to be sure. But an example of how the economy-wide demand glut does have some natural speed brakes.</p>\n<p>On Wednesday, May's report on new home sales showed the pace of sales fell 5.9% last month to an annualized rate of 769,000. The actual number of homes sold last month was the lowest in a year. This report followed Tuesday's gauge on existing home sales, which declined for the fourth straight month to an annualized rate of 5.8 million homes.</p>\n<p>These drops in the pace of sales, however, were accompanied by a continued surge in pricing as demand cannot be met. The median increase in the price of an existing home sold rose 23.6% over last year in May, while the median increase in a new home's price was 18.1% over last year. But this increase in prices can't offset the negative growth impact of fewer homes trading hands.</p>\n<p>Mahir Rasheed, U.S. economist at Oxford Economics, flagged in a note Wednesday that while home sales are likely to be flat or lower for the rest of the year, backlogs should keep homebuilder activity supported.</p>\n<p>\"Nearly 90% of the for-sale inventory in May was of homes where construction is ongoing or has not started, while 36% of homes already sold have not yet broken ground,\" Rasheed wrote.</p>\n<p>\"These backlogs should support homebuilder activity even if the current pace of home sales moderates, although there are likely to be delays in the near term as builders contend with supply chain issues,\" he added. Rasheed also noted that with lumber prices coming down, builder cost pressures being pushed to buyers could ease.</p>\n<p>But in a note to clients published Wednesday, Ian Shepherdson at Pantheon Macroeconomics was less sanguine on the situation. \"</p>\n<p>New home sales \"look set to fall further, with a decent chance they’ll soon be back below the pre-COVID trend,\" Shepherdson wrote. \"The story here, we think, is simply that demand in the suburbs has fallen as COVID fear has faded. Inventory remains low but it is rising rapidly; supply hit 5.1 months of current sales in May, up from 3.6 months in January.\"</p>\n<p>Shepherdson added that this data points to \"an accident waiting to happen.\"</p>\n<p>We argued earlier this month that lumber prices cratering reveal to us the future of this recovery. A future in which the most acute pricing pressures ease just as they fell: abruptly.</p>\n<p>But abrupt turns in the economy don't create healthy conditions. Rather, these turns set the table for investors who couldn't be bullish enough coming into 2021 to suddenly find themselves caught offside the other way.</p>\n<p><i>By Myles Udland, reporter and anchor for Yahoo Finance Live. Follow him at @MylesUdland</i></p>\n<h3><b>What to watch today</b></h3>\n<p><b>Economy </b></p>\n<ul>\n <li>8:30 a.m. ET:<b> Advance Goods Trade Balance, </b>May (-$87.5 billion expected, -$85.2 billion in April)</li>\n <li>8:30 a.m. ET: <b>Wholesale inventories,</b> May preliminary (0.8% in April)</li>\n <li>8:30 a.m. ET: <b>Durable goods orders, </b>May preliminary (2.8% expected, -1.3% in April)</li>\n <li>8:30 a.m. ET: <b>Durable goods orders excluding transportation, </b>May preliminary (0.7% expected, 1.0% in April)</li>\n <li>8:30 a.m. ET: <b>Non-defense capital goods orders excluding aircraft, </b>May preliminary (0.6% expected, 2.2% in April)</li>\n <li>8:30 a.m. ET: <b>Non-defense capital goods shipments excluding aircraft</b> (0.8% expected, 0.9% in April)</li>\n <li>8:30 a.m. ET: <b>GDP annualized, </b>quarter-over-quarter, Q1 third print (6.4% expected, 6.4% in prior print)</li>\n <li>8:30 a.m. ET: <b>Personal consumption,</b> Q1 third print (11.4% expected, 11.3% in prior print)</li>\n <li>8:30 a.m. ET: <b>GDP Price Index,</b> Q1 third print (4.3% expected, 4.3% in prior print)</li>\n <li>8:30 a.m. ET:<b>&nbsp;Initial jobless claims, </b>week ended June 19 (380,000 expected, 412,000 in prior print)</li>\n <li>8:30 a.m. ET: <b>Continuing claims, </b>week ended June 12 (3.460 million expected, 3.518 million in prior print)</li>\n <li>11:00 a.m. ET: <b>Kansas City Fed Manufacturing Activity Index,</b> June (24 expected, 26 in prior print)</li>\n</ul>\n<p><b>Earnings</b></p>\n<p><b>Pre-market</b></p>\n<ul>\n <li>7:00 a.m. ET: <b>Darden Restaurants (DRI)</b> is expected to report adjusted earnings of $1.77 per share on revenue of $2.19 billion</li>\n</ul>\n<p><b>Post-market</b></p>\n<ul>\n <li>4:00 p.m. ET:<b> Fedex (FDX) </b>is expected to report adjusted earnings of $5.00 per share on revenue of $21.49 billion</li>\n <li>4:15 p.m. ET: <b>Nike (NKE)</b> is expected to report adjusted earnings of 50 cents per share on revenue of $11.03 billion</li>\n</ul>\n<h3><b>Top News</b></h3>\n<p><b>&nbsp;</b>U.S. software mogul John McAfee dies by hanging in Spanish prison, lawyer says [Reuters]</p>\n<p>Bitcoin trading above $32,000 but cryptos remain under pressure {Yahoo Finance UK]</p>\n<p>Senators to pitch bipartisan infrastructure plan to Biden [AP]</p>\n<p>Microsoft’s big Windows 11 event is coming up — here's what to expect [Yahoo Finance]</p>\n<h3><b>Yahoo Finance Highlights</b></h3>\n<p>Fed cautious about return to pre-pandemic labor market</p>\n<p>Activist investor who shook up Bed Bath &amp; Beyond and Kohl's says this is the next big retail opportunity</p>\n<p>GDP is back. Workers are not</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The red hot housing market is slowing down the economy: Morning Brief</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe red hot housing market is slowing down the economy: Morning Brief\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.\nHome prices are ...</p>\n\n<a href=\"https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3a27d956c99f35da42b4f75734adb724","relate_stocks":{".SPX":"S&P 500 Index","TOL":"托尔兄弟","KBH":"KB Home","SPY":"标普500ETF","PHM":"普得集团",".DJI":"道琼斯","XHB":"房屋建筑商指数ETF-SPDR",".IXIC":"NASDAQ Composite","DHI":"霍顿房屋","LEN":"莱纳建筑公司"},"source_url":"https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145043969","content_text":"Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.\nHome prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.\nBut cracks in the housing market have been starting to show, and now are likely to dent U.S gross domestic product (GDP) in the current quarter.\nThe hot housing market, in other words, has actually become a drag on growth.\nHousing economist Bill McBride noted Wednesday that the economics group at Goldman Sachs cut its forecast for current quarter GDP, to an annualized growth rate of 8.75%, from a previous outlook for growth to hit 9%. A small change, to be sure. But an example of how the economy-wide demand glut does have some natural speed brakes.\nOn Wednesday, May's report on new home sales showed the pace of sales fell 5.9% last month to an annualized rate of 769,000. The actual number of homes sold last month was the lowest in a year. This report followed Tuesday's gauge on existing home sales, which declined for the fourth straight month to an annualized rate of 5.8 million homes.\nThese drops in the pace of sales, however, were accompanied by a continued surge in pricing as demand cannot be met. The median increase in the price of an existing home sold rose 23.6% over last year in May, while the median increase in a new home's price was 18.1% over last year. But this increase in prices can't offset the negative growth impact of fewer homes trading hands.\nMahir Rasheed, U.S. economist at Oxford Economics, flagged in a note Wednesday that while home sales are likely to be flat or lower for the rest of the year, backlogs should keep homebuilder activity supported.\n\"Nearly 90% of the for-sale inventory in May was of homes where construction is ongoing or has not started, while 36% of homes already sold have not yet broken ground,\" Rasheed wrote.\n\"These backlogs should support homebuilder activity even if the current pace of home sales moderates, although there are likely to be delays in the near term as builders contend with supply chain issues,\" he added. Rasheed also noted that with lumber prices coming down, builder cost pressures being pushed to buyers could ease.\nBut in a note to clients published Wednesday, Ian Shepherdson at Pantheon Macroeconomics was less sanguine on the situation. \"\nNew home sales \"look set to fall further, with a decent chance they’ll soon be back below the pre-COVID trend,\" Shepherdson wrote. \"The story here, we think, is simply that demand in the suburbs has fallen as COVID fear has faded. Inventory remains low but it is rising rapidly; supply hit 5.1 months of current sales in May, up from 3.6 months in January.\"\nShepherdson added that this data points to \"an accident waiting to happen.\"\nWe argued earlier this month that lumber prices cratering reveal to us the future of this recovery. A future in which the most acute pricing pressures ease just as they fell: abruptly.\nBut abrupt turns in the economy don't create healthy conditions. Rather, these turns set the table for investors who couldn't be bullish enough coming into 2021 to suddenly find themselves caught offside the other way.\nBy Myles Udland, reporter and anchor for Yahoo Finance Live. Follow him at @MylesUdland\nWhat to watch today\nEconomy \n\n8:30 a.m. ET: Advance Goods Trade Balance, May (-$87.5 billion expected, -$85.2 billion in April)\n8:30 a.m. ET: Wholesale inventories, May preliminary (0.8% in April)\n8:30 a.m. ET: Durable goods orders, May preliminary (2.8% expected, -1.3% in April)\n8:30 a.m. ET: Durable goods orders excluding transportation, May preliminary (0.7% expected, 1.0% in April)\n8:30 a.m. ET: Non-defense capital goods orders excluding aircraft, May preliminary (0.6% expected, 2.2% in April)\n8:30 a.m. ET: Non-defense capital goods shipments excluding aircraft (0.8% expected, 0.9% in April)\n8:30 a.m. ET: GDP annualized, quarter-over-quarter, Q1 third print (6.4% expected, 6.4% in prior print)\n8:30 a.m. ET: Personal consumption, Q1 third print (11.4% expected, 11.3% in prior print)\n8:30 a.m. ET: GDP Price Index, Q1 third print (4.3% expected, 4.3% in prior print)\n8:30 a.m. ET: Initial jobless claims, week ended June 19 (380,000 expected, 412,000 in prior print)\n8:30 a.m. ET: Continuing claims, week ended June 12 (3.460 million expected, 3.518 million in prior print)\n11:00 a.m. ET: Kansas City Fed Manufacturing Activity Index, June (24 expected, 26 in prior print)\n\nEarnings\nPre-market\n\n7:00 a.m. ET: Darden Restaurants (DRI) is expected to report adjusted earnings of $1.77 per share on revenue of $2.19 billion\n\nPost-market\n\n4:00 p.m. ET: Fedex (FDX) is expected to report adjusted earnings of $5.00 per share on revenue of $21.49 billion\n4:15 p.m. ET: Nike (NKE) is expected to report adjusted earnings of 50 cents per share on revenue of $11.03 billion\n\nTop News\n U.S. software mogul John McAfee dies by hanging in Spanish prison, lawyer says [Reuters]\nBitcoin trading above $32,000 but cryptos remain under pressure {Yahoo Finance UK]\nSenators to pitch bipartisan infrastructure plan to Biden [AP]\nMicrosoft’s big Windows 11 event is coming up — here's what to expect [Yahoo Finance]\nYahoo Finance Highlights\nFed cautious about return to pre-pandemic labor market\nActivist investor who shook up Bed Bath & Beyond and Kohl's says this is the next big retail opportunity\nGDP is back. Workers are not","news_type":1},"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}