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These 3 Stocks Will Double -- If You Trust Wall Street's Bulls

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Microsoft reaches a $2 trillion market cap

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When you can find stocks that have the potential to produce amazing results, it can be a game changer for your entire investing strategy.</p>\n<p>Wall Street analysts definitely aren't the end-all and be-all of investing. They're just as fallible as any other investor. However, using analyst research as a starting point for your own consideration of a stock can be a smart move.</p>\n<p>Below, we'll take a closer look at threetech stocksthat Wall Street's most optimistic analysts believe will double, with an eye toward deciding whether their bullish views are realistic.</p>\n<h3>1. Baidu</h3>\n<p><b>Baidu</b>(NASDAQ:BIDU)has been a stock market favorite for a long time, but the stock has been exceptionally volatile in recent years. The Chinese internet-search specialist saw its share price soar from 2013 to 2018, only to lose 75% between 2018 and 2020. Even in just the past several months, Baidu's stock has been exceptionally volatile, with shares tripling between October and February and then falling by nearly half since then.</p>\n<p>Some analysts are still optimistic about Baidu's prospects. With shares trading at around $195, the top price target on Wall Street, which comes from<b>Barclays</b>, is $400 per share. That would be more than a double from current levels.</p>\n<p>The key to Baidu's renaissance in the eyes of Barclays is its success in working on artificial intelligence and cloud computing. For years,Baidu coasted on its internet-search success, allowing its peers in the Chinese internet space to pass it by. However, Barclays is optimistic that Baidu can catch up, with initiatives like the Apollo software platform for autonomous vehicles paving the way for new growth.</p>\n<p>Concerns that Baidu and other Chinese stocks might get delisted from U.S. stock exchanges are fading fast, and that's cluing value investors into the potential these companies have. WithBaidu offering a relative bargain, the Chinese internet stock looks attractive.</p>\n<h3>2. Micron Technology</h3>\n<p>Soaring demand for computing capacity has sent prices of memory chips soaring, and that's been a big boon for<b>Micron Technology</b>(NASDAQ:MU). The stock price doubled between September 2020 and April 2021, and despite a small pullback, longtime Micron shareholders have held onto most of their gains.</p>\n<p>Yet analysts see more upside ahead. The most ambitious, Rosenblatt Securities, believesMicron stock could gofrom its current level around $81 per share to $165 over the next year.</p>\n<p>The big question for Micron is how long the upward cycle in the semiconductor chip market will last. The industry is notoriously cyclical, with companies like Micron responding to shortages like this by dramatically boosting production capacity. Inevitably, the result is a glut of chips when market conditions normalize, and that creates huge waves in earnings that make apparently cheap multiples look like value traps when industry conditions turn downward.</p>\n<p>For now, though, all signs point to continued strong demand. With chip shortages still reported in several key markets, Micron could have a long way to climb before overcapacity rears its ugly head and leads to an intermediate-term top for the stock.</p>\n<h3>3. Splunk</h3>\n<p>Last but not least,<b>Splunk</b>(NASDAQ:SPLK)has been a volatile stock lately. The data-analytics company recently saw its stock drop back to its March 2020 lows. Even after a sizable bounce, shares remain between 30% and 40% below their best levels from last summer.</p>\n<p>Yet some analysts see a big recovery coming from Splunk. The most optimistic pick forecasts a rise to $300 per share, which would be an all-time high for the stock.</p>\n<p>Splunk recently made news with a big vote of confidencefrom a major institutional investor. Private equity company Silver Lake made a $1 billion investment in the company, purchasing convertible notes that will give Silver Lake the ability to profit from future share-price increases. Splunk intends to take the $1 billion in proceeds to buy back shares, recognizing its own opinion that its stock is undervalued.</p>\n<p>Data analytics has been highly competitive, andSplunk hasn't been able to keep up with some of its peers. However, if the company can restart its growth engines and start catching up with the competition, it could see its stock price reflect more optimism.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Stocks Will Double -- If You Trust Wall Street's Bulls</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\">\nThese 3 Stocks Will Double -- If You Trust Wall Street's Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Looking for big winners can be a rewarding pursuit.\n\nMost investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","SPLK":"Splunk Inc","MU":"美光科技"},"source_url":"https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146073358","content_text":"Looking for big winners can be a rewarding pursuit.\n\nMost investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to produce amazing results, it can be a game changer for your entire investing strategy.\nWall Street analysts definitely aren't the end-all and be-all of investing. They're just as fallible as any other investor. However, using analyst research as a starting point for your own consideration of a stock can be a smart move.\nBelow, we'll take a closer look at threetech stocksthat Wall Street's most optimistic analysts believe will double, with an eye toward deciding whether their bullish views are realistic.\n1. Baidu\nBaidu(NASDAQ:BIDU)has been a stock market favorite for a long time, but the stock has been exceptionally volatile in recent years. The Chinese internet-search specialist saw its share price soar from 2013 to 2018, only to lose 75% between 2018 and 2020. Even in just the past several months, Baidu's stock has been exceptionally volatile, with shares tripling between October and February and then falling by nearly half since then.\nSome analysts are still optimistic about Baidu's prospects. With shares trading at around $195, the top price target on Wall Street, which comes fromBarclays, is $400 per share. That would be more than a double from current levels.\nThe key to Baidu's renaissance in the eyes of Barclays is its success in working on artificial intelligence and cloud computing. For years,Baidu coasted on its internet-search success, allowing its peers in the Chinese internet space to pass it by. However, Barclays is optimistic that Baidu can catch up, with initiatives like the Apollo software platform for autonomous vehicles paving the way for new growth.\nConcerns that Baidu and other Chinese stocks might get delisted from U.S. stock exchanges are fading fast, and that's cluing value investors into the potential these companies have. WithBaidu offering a relative bargain, the Chinese internet stock looks attractive.\n2. Micron Technology\nSoaring demand for computing capacity has sent prices of memory chips soaring, and that's been a big boon forMicron Technology(NASDAQ:MU). The stock price doubled between September 2020 and April 2021, and despite a small pullback, longtime Micron shareholders have held onto most of their gains.\nYet analysts see more upside ahead. The most ambitious, Rosenblatt Securities, believesMicron stock could gofrom its current level around $81 per share to $165 over the next year.\nThe big question for Micron is how long the upward cycle in the semiconductor chip market will last. The industry is notoriously cyclical, with companies like Micron responding to shortages like this by dramatically boosting production capacity. Inevitably, the result is a glut of chips when market conditions normalize, and that creates huge waves in earnings that make apparently cheap multiples look like value traps when industry conditions turn downward.\nFor now, though, all signs point to continued strong demand. With chip shortages still reported in several key markets, Micron could have a long way to climb before overcapacity rears its ugly head and leads to an intermediate-term top for the stock.\n3. Splunk\nLast but not least,Splunk(NASDAQ:SPLK)has been a volatile stock lately. The data-analytics company recently saw its stock drop back to its March 2020 lows. Even after a sizable bounce, shares remain between 30% and 40% below their best levels from last summer.\nYet some analysts see a big recovery coming from Splunk. The most optimistic pick forecasts a rise to $300 per share, which would be an all-time high for the stock.\nSplunk recently made news with a big vote of confidencefrom a major institutional investor. Private equity company Silver Lake made a $1 billion investment in the company, purchasing convertible notes that will give Silver Lake the ability to profit from future share-price increases. Splunk intends to take the $1 billion in proceeds to buy back shares, recognizing its own opinion that its stock is undervalued.\nData analytics has been highly competitive, andSplunk hasn't been able to keep up with some of its peers. However, if the company can restart its growth engines and start catching up with the competition, it could see its stock price reflect more optimism.","news_type":1},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121985458,"gmtCreate":1624449684874,"gmtModify":1703837005077,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121985458","repostId":"1128236138","repostType":4,"repost":{"id":"1128236138","kind":"news","pubTimestamp":1624433108,"share":"https://ttm.financial/m/news/1128236138?lang=&edition=fundamental","pubTime":"2021-06-23 15:25","market":"us","language":"en","title":"Apple: Does It Make Sense To Enter The Car Industry?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128236138","media":"seekingalpha","summary":"Summary\n\nApple is a great company, but has struggled to truly innovate in recent years.\nAn Apple Car","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple is a great company, but has struggled to truly innovate in recent years.</li>\n <li>An Apple Car is increasingly expected to be its next ‘big thing’, but there are considerable risks.</li>\n <li>From a technological perspective, it may make sense to produce a car, but from a financial perspective, it is not so much compelling.</li>\n</ul>\n<p><b>Apple</b>(AAPL) has been struggling to bring innovative products over recent years and much expectation has been created about its Apple Car project. While this may make sense from a technological perspective, if the Apple Car is truly innovative about the battery and autonomous driving capabilities, from a financial standpoint it may have less bright prospects.</p>\n<p><b>Background</b></p>\n<p>As I’ve analyzed in my previous article “Apple: Its Valuation Is Justified By Higher Exposure To Services”, Apple is a great long-term investment due to several competitive advantages over peers, which aren’t expected to be challenged in the coming years.</p>\n<p>However, one area that Apple has been struggling a little bit over the past few years is innovation and offering new products to consumers. The company is failing to bring anything really new to the market and competitors are pushing ahead in some areas like the folding phone that<b>Samsung Electronics</b>(OTC:SSNLF) and Huawei already have while Apple is only expected to offer a foldable phone maybe in the next couple of years.</p>\n<p>More recently, its growth strategy has been focused on wearables and services, which have increased the weight on total revenues in a significant way. Nevertheless, Apple has not launched a new major product for some years, which has increasingly led to questions about if Apple still has the capacity to innovate or if over the long term Apple will take the footsteps of other large technology companies that have lost a dominant position in their industry, such as<b>IBM</b>(IBM).</p>\n<p>There has been some speculation about new products, with the Apple Car being one of the most widely speculated products to be launched in the near future. In recent weeks, speculation has increased that Apple will indeed go ahead with the Apple Car project, as news came out about potential agreements with suppliers for the assembly of the car and the production of batteries.</p>\n<p><b>Apple Car – Product/Technological Perspective</b></p>\n<p>Even though there isn’t much official data from Apple about its car project, this is a topic that has been widely discussed over recent years and some details appear to be more or less certain regarding theApple Car.</p>\n<p>What is generally expected is that this will be an Apple-branded car, with an electric engine and autonomous driving capabilities. Also, Apple supposedly wants the car to be built in the U.S. and most likely this will compete in the high-end or luxury automotive segment.</p>\n<p><img src=\"https://static.tigerbbs.com/5d7baf656d54748e0064b03b97f6caa6\" tg-width=\"660\" tg-height=\"395\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: notebookcheck.info</i></p>\n<p>The Apple Car may be launched in three to six years and Apple is reportedly in advanced terms with some suppliers to produce the car and its electric batteries. This means that Apple will likely take most control of hardware and software that goes into the car, but not so much about the production side of it.</p>\n<p>Indeed, there has been some news about apotential agreementbetween Apple and<b>Hyundai-Kia</b>(OTCPK:HYMPY) for the production of the Apple Car, probably in the carmaker’s assembly plant in West Point, Georgia. However, these discussions have reportedly been terminated and also there have been rumors about a potential agreement with<b>Magna International</b>(MGA) and LG for the production of the Apple Car, but so far, this still seems to be in discussion.</p>\n<p>More recently, there has been somenews regarding the battery, with a potential deal with Chinese producers in the making. Reportedly, Apple is in discussions with<b>BYD</b>(OTCPK:BYDDY) and CATL for the production of electric batteries, with building U.S. manufacturing facilities in the U.S. a condition to reach an agreement.</p>\n<p>Apple intends to make the battery a key distinctive factor of the Apple Car over competitors, favoring lithium iron phosphate batteries, instead of lithium-ion, as they are cheaper to build because they don’t use nickel or cobalt. Therefore, it is very important to select a supplier with experience in this field that has the capacity to build with good quality, something that these Chinese suppliers already have.</p>\n<p>From a technological standpoint, this is where Apple most likely can have some competitive advantage over traditional original equipment manufacturers (OEMs) and<b>Tesla</b>(TSLA), with a likely deep integration with its iOS software.</p>\n<p>This means that from an ‘ecosystem’ perspective, the Apple Car may make sense, given that in the future, it is expected that cars will drive by themselves and people will spend much of their time in the car using infotainment or other electronic devices for entertainment. Obviously, this is something that may take a while to happen as it requires a ‘full driving car’ capability, which would be a significant leap forward compared to what current autonomous driving systems can accomplish.</p>\n<p>If Apple can indeed reach such a level of self-driving capabilities, it may be the first to offer a robotaxi service which would be important in the future mobility market, even though it does not necessarily mean a competitive advantage over other tech/auto companies. Tesla also has the same strategy of developing its FSD system and offer robotaxi services, while<b>Uber Technologies</b>(UBER) and other tech companies are also developing autonomous driving systems, thus competition in this field will certainly be fierce in the future.</p>\n<p>If from a technological perspective an Apple Car may make some sense due to Apple’s technological leadership and potential integration with its other products and services, from a financial perspective, it may be different.</p>\n<p><b>Apple Car – Financial Perspective</b></p>\n<p>In my opinion, Apple’s move into the car business is more an ‘ecosystem’ approach rather than pushing for a new product that can boost Apple’s financial figures in a significant way because the automotive business is a low-margin and capital-intensive business, not being particularly attractive for a company that has a very strong financial profile like Apple.</p>\n<p>The first burden to its financials is that developing a car is quite expensive and there is no guarantee of success, as Apple is entering a new market. If demand is not there for an Apple Car, this means that the company will lose billions of dollars in this project, which could instead have been used elsewhere. The automotive industry has some good examples of how things can turn out badly, like the<b>Volkswagen</b>(OTCPK:VWAGY) Phaeton model in which the German carmaker wanted to enter the luxury market, but haslost about $1 billionin this model alone.</p>\n<p><img src=\"https://static.tigerbbs.com/25796c6ab6e9dc77fd3202621ee961da\" tg-width=\"283\" tg-height=\"338\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Wikipedia</i></p>\n<p>Even though Apple has an excellent consumer brand globally, it is not exactly the same thing to sell $1,500 smartphones and $100,000 cars. Thus, there is a significant risk for Apple that consumers may continue to prefer a Tesla, Audi(OTCPK:AUDVF), BMW(OTCPK:BMWYY), or Mercedes rather than an Apple-branded car in the high-end to luxury segment, just like it happened with the VW Phaeton.</p>\n<p>If an Apple Car does not reach enough sales volume, it means that most likely Apple will lose a good part of the money it has invested in the car’s development. It is not possible to know how much Apple is spending on research &amp; development (R&amp;D) related to the Apple Car project, but certainly, it is already spending billions per year. If the Apple Car eventually does not go ahead, this spending will not be possible to fully monetize. On the other hand, it may lead to a more advanced autonomous driving system than competitors and Apple may sell it to other carmakers, at least monetizing some part of its investment.</p>\n<p>Even assuming that the car is successful and has good sales volumes, this is a project that is expected to generate below-average profitability for Apple, being therefore a questionable path for the company over the long term.</p>\n<p>This may happen because the car industry’s profitability is not impressive, and compared to Apple’s business segments, an Apple Car should have among the lowest gross margins.In the last year, Apple’s gross margin was 38.2%, with the Products segment reporting a gross margin of 31.5% while Services had a gross margin of 66%.</p>\n<p>In the automotive business, Tesla has a gross margin of about 21%, while the German premium carmakers have gross margins between 15-20%, thus an Apple Car should not have a much different gross margin. This will clearly be a relatively low-margin product for Apple, being completely contrary to its recent strategy to push growth in the Services segment that has above-average profitability.</p>\n<p>However, the Apple Car most likely will compete with high-end models, like the Tesla Model S, and most likely Apple will not want to become a mass-market carmaker in the foreseeable future, which means that unit sales should be somewhat limited even if the car is successful.</p>\n<p>It is difficult to forecast how many cars Apple will be able to sell per year, but assuming 150,000 units per year in the first years and an average selling price of about $100,000, this will generate some $15 billion in sales per year. Considering that Apple generated about $275 billion in revenues last year, this shows that an Apple Car should have a limited impact on the company’s financial figures and a weight of less than 5% of its total revenues.</p>\n<p><b>Conclusion</b></p>\n<p>Apple is a great company and historically innovation has been one of its key strengths, a situation that has changed in recent years as the company has struggled to offer new products that make a real impact. An Apple Car seems to make some sense from an ‘ecosystem’ perspective, and if Apple is able to reach full autonomous driving capabilities, it will be ahead of competition.</p>\n<p>On the other hand, from a financial perceptive, this is not so much compelling because it requires significant investments and the automotive industry has much lower profitability than the rest of its business. Apple is a great company, but it doesn’t need to do everything and an Apple Car seems to be a project with a risk-reward profile that is more geared to the downside as it requires big financial commitments and returns may be lower than for its other products.</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>Apple: Does It Make Sense To Enter The Car Industry?</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\">\nApple: Does It Make Sense To Enter The Car Industry?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436127-apple-car-does-it-make-sense><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple is a great company, but has struggled to truly innovate in recent years.\nAn Apple Car is increasingly expected to be its next ‘big thing’, but there are considerable risks.\nFrom a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436127-apple-car-does-it-make-sense\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4436127-apple-car-does-it-make-sense","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1128236138","content_text":"Summary\n\nApple is a great company, but has struggled to truly innovate in recent years.\nAn Apple Car is increasingly expected to be its next ‘big thing’, but there are considerable risks.\nFrom a technological perspective, it may make sense to produce a car, but from a financial perspective, it is not so much compelling.\n\nApple(AAPL) has been struggling to bring innovative products over recent years and much expectation has been created about its Apple Car project. While this may make sense from a technological perspective, if the Apple Car is truly innovative about the battery and autonomous driving capabilities, from a financial standpoint it may have less bright prospects.\nBackground\nAs I’ve analyzed in my previous article “Apple: Its Valuation Is Justified By Higher Exposure To Services”, Apple is a great long-term investment due to several competitive advantages over peers, which aren’t expected to be challenged in the coming years.\nHowever, one area that Apple has been struggling a little bit over the past few years is innovation and offering new products to consumers. The company is failing to bring anything really new to the market and competitors are pushing ahead in some areas like the folding phone thatSamsung Electronics(OTC:SSNLF) and Huawei already have while Apple is only expected to offer a foldable phone maybe in the next couple of years.\nMore recently, its growth strategy has been focused on wearables and services, which have increased the weight on total revenues in a significant way. Nevertheless, Apple has not launched a new major product for some years, which has increasingly led to questions about if Apple still has the capacity to innovate or if over the long term Apple will take the footsteps of other large technology companies that have lost a dominant position in their industry, such asIBM(IBM).\nThere has been some speculation about new products, with the Apple Car being one of the most widely speculated products to be launched in the near future. In recent weeks, speculation has increased that Apple will indeed go ahead with the Apple Car project, as news came out about potential agreements with suppliers for the assembly of the car and the production of batteries.\nApple Car – Product/Technological Perspective\nEven though there isn’t much official data from Apple about its car project, this is a topic that has been widely discussed over recent years and some details appear to be more or less certain regarding theApple Car.\nWhat is generally expected is that this will be an Apple-branded car, with an electric engine and autonomous driving capabilities. Also, Apple supposedly wants the car to be built in the U.S. and most likely this will compete in the high-end or luxury automotive segment.\n\nSource: notebookcheck.info\nThe Apple Car may be launched in three to six years and Apple is reportedly in advanced terms with some suppliers to produce the car and its electric batteries. This means that Apple will likely take most control of hardware and software that goes into the car, but not so much about the production side of it.\nIndeed, there has been some news about apotential agreementbetween Apple andHyundai-Kia(OTCPK:HYMPY) for the production of the Apple Car, probably in the carmaker’s assembly plant in West Point, Georgia. However, these discussions have reportedly been terminated and also there have been rumors about a potential agreement withMagna International(MGA) and LG for the production of the Apple Car, but so far, this still seems to be in discussion.\nMore recently, there has been somenews regarding the battery, with a potential deal with Chinese producers in the making. Reportedly, Apple is in discussions withBYD(OTCPK:BYDDY) and CATL for the production of electric batteries, with building U.S. manufacturing facilities in the U.S. a condition to reach an agreement.\nApple intends to make the battery a key distinctive factor of the Apple Car over competitors, favoring lithium iron phosphate batteries, instead of lithium-ion, as they are cheaper to build because they don’t use nickel or cobalt. Therefore, it is very important to select a supplier with experience in this field that has the capacity to build with good quality, something that these Chinese suppliers already have.\nFrom a technological standpoint, this is where Apple most likely can have some competitive advantage over traditional original equipment manufacturers (OEMs) andTesla(TSLA), with a likely deep integration with its iOS software.\nThis means that from an ‘ecosystem’ perspective, the Apple Car may make sense, given that in the future, it is expected that cars will drive by themselves and people will spend much of their time in the car using infotainment or other electronic devices for entertainment. Obviously, this is something that may take a while to happen as it requires a ‘full driving car’ capability, which would be a significant leap forward compared to what current autonomous driving systems can accomplish.\nIf Apple can indeed reach such a level of self-driving capabilities, it may be the first to offer a robotaxi service which would be important in the future mobility market, even though it does not necessarily mean a competitive advantage over other tech/auto companies. Tesla also has the same strategy of developing its FSD system and offer robotaxi services, whileUber Technologies(UBER) and other tech companies are also developing autonomous driving systems, thus competition in this field will certainly be fierce in the future.\nIf from a technological perspective an Apple Car may make some sense due to Apple’s technological leadership and potential integration with its other products and services, from a financial perspective, it may be different.\nApple Car – Financial Perspective\nIn my opinion, Apple’s move into the car business is more an ‘ecosystem’ approach rather than pushing for a new product that can boost Apple’s financial figures in a significant way because the automotive business is a low-margin and capital-intensive business, not being particularly attractive for a company that has a very strong financial profile like Apple.\nThe first burden to its financials is that developing a car is quite expensive and there is no guarantee of success, as Apple is entering a new market. If demand is not there for an Apple Car, this means that the company will lose billions of dollars in this project, which could instead have been used elsewhere. The automotive industry has some good examples of how things can turn out badly, like theVolkswagen(OTCPK:VWAGY) Phaeton model in which the German carmaker wanted to enter the luxury market, but haslost about $1 billionin this model alone.\n\nSource: Wikipedia\nEven though Apple has an excellent consumer brand globally, it is not exactly the same thing to sell $1,500 smartphones and $100,000 cars. Thus, there is a significant risk for Apple that consumers may continue to prefer a Tesla, Audi(OTCPK:AUDVF), BMW(OTCPK:BMWYY), or Mercedes rather than an Apple-branded car in the high-end to luxury segment, just like it happened with the VW Phaeton.\nIf an Apple Car does not reach enough sales volume, it means that most likely Apple will lose a good part of the money it has invested in the car’s development. It is not possible to know how much Apple is spending on research & development (R&D) related to the Apple Car project, but certainly, it is already spending billions per year. If the Apple Car eventually does not go ahead, this spending will not be possible to fully monetize. On the other hand, it may lead to a more advanced autonomous driving system than competitors and Apple may sell it to other carmakers, at least monetizing some part of its investment.\nEven assuming that the car is successful and has good sales volumes, this is a project that is expected to generate below-average profitability for Apple, being therefore a questionable path for the company over the long term.\nThis may happen because the car industry’s profitability is not impressive, and compared to Apple’s business segments, an Apple Car should have among the lowest gross margins.In the last year, Apple’s gross margin was 38.2%, with the Products segment reporting a gross margin of 31.5% while Services had a gross margin of 66%.\nIn the automotive business, Tesla has a gross margin of about 21%, while the German premium carmakers have gross margins between 15-20%, thus an Apple Car should not have a much different gross margin. This will clearly be a relatively low-margin product for Apple, being completely contrary to its recent strategy to push growth in the Services segment that has above-average profitability.\nHowever, the Apple Car most likely will compete with high-end models, like the Tesla Model S, and most likely Apple will not want to become a mass-market carmaker in the foreseeable future, which means that unit sales should be somewhat limited even if the car is successful.\nIt is difficult to forecast how many cars Apple will be able to sell per year, but assuming 150,000 units per year in the first years and an average selling price of about $100,000, this will generate some $15 billion in sales per year. Considering that Apple generated about $275 billion in revenues last year, this shows that an Apple Car should have a limited impact on the company’s financial figures and a weight of less than 5% of its total revenues.\nConclusion\nApple is a great company and historically innovation has been one of its key strengths, a situation that has changed in recent years as the company has struggled to offer new products that make a real impact. An Apple Car seems to make some sense from an ‘ecosystem’ perspective, and if Apple is able to reach full autonomous driving capabilities, it will be ahead of competition.\nOn the other hand, from a financial perceptive, this is not so much compelling because it requires significant investments and the automotive industry has much lower profitability than the rest of its business. Apple is a great company, but it doesn’t need to do everything and an Apple Car seems to be a project with a risk-reward profile that is more geared to the downside as it requires big financial commitments and returns may be lower than for its other products.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121985891,"gmtCreate":1624449664513,"gmtModify":1703837004754,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121985891","repostId":"1112493847","repostType":4,"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121982775,"gmtCreate":1624449648397,"gmtModify":1703837003939,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Pls keep it","listText":"Pls keep it","text":"Pls keep it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121982775","repostId":"1136966718","repostType":4,"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121982292,"gmtCreate":1624449629216,"gmtModify":1703837004591,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121982292","repostId":"1177243335","repostType":4,"repost":{"id":"1177243335","kind":"news","pubTimestamp":1624439241,"share":"https://ttm.financial/m/news/1177243335?lang=&edition=fundamental","pubTime":"2021-06-23 17:07","market":"us","language":"en","title":"Microsoft reaches a $2 trillion market cap","url":"https://stock-news.laohu8.com/highlight/detail?id=1177243335","media":"cnn","summary":"New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a","content":"<p>New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion.</p>\n<p>The tech giant is only the second publicly traded American company, behind Apple (AAPL), to reach such a valuation. Oil company Saudi Aramco, which went public in 2019, has also previously passed that mark, though its market cap on Tuesday was $1.88 trillion.</p>\n<p>Microsoft's (MSFT) market capitalization topped $2 trillion during trading on Tuesday, and closed just $300 million shy of that mark. Its stock on Tuesday climbed 1.1% to $265.51.</p>\n<p>The company reached the $2 trillion milestone just over two years after it first passed the $1 trillion market cap mark.</p>\n<p>Covid-19 helped get it there. The pandemic meant people were spending more time on their devices, boosting demand for Microsoft's computers, gaming systems and cloud computing platform. And a stock market rally — along with the success of tech companies in particular — lifted its shares.</p>\n<p>Microsoft's stock has gained 64% since March 2020, when pandemic lockdowns began going into effect in the United States.</p>\n<p>In April, Microsoft reported sales were up 19% year-over-year to $41.7 billion for the three months ended March 31.</p>\n<p>\"Over a year into the pandemic, digital adoption curves aren't slowing down,\" CEO Satya Nadella said in a statement at the time. \"We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.\"</p>\n<p>Apple's market value passed $2 trillion last August, and it currently stands at $2.24 trillion. Now, Microsoft has joined its ranks, with two other Big Tech firms, Amazon (AMZN) and Google (GOOGL GOOGLE), nipping at their heels. Amazon's market cap hit $1.77 trillion on Tuesday, and Google parent Alphabet's reached $1.67 trillion.</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>Microsoft reaches a $2 trillion market cap</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\">\nMicrosoft reaches a $2 trillion market cap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 17:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/22/tech/microsoft-2-trillion-market-cap/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion.\nThe tech giant is only the second publicly traded American ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/22/tech/microsoft-2-trillion-market-cap/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://edition.cnn.com/2021/06/22/tech/microsoft-2-trillion-market-cap/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177243335","content_text":"New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion.\nThe tech giant is only the second publicly traded American company, behind Apple (AAPL), to reach such a valuation. Oil company Saudi Aramco, which went public in 2019, has also previously passed that mark, though its market cap on Tuesday was $1.88 trillion.\nMicrosoft's (MSFT) market capitalization topped $2 trillion during trading on Tuesday, and closed just $300 million shy of that mark. Its stock on Tuesday climbed 1.1% to $265.51.\nThe company reached the $2 trillion milestone just over two years after it first passed the $1 trillion market cap mark.\nCovid-19 helped get it there. The pandemic meant people were spending more time on their devices, boosting demand for Microsoft's computers, gaming systems and cloud computing platform. And a stock market rally — along with the success of tech companies in particular — lifted its shares.\nMicrosoft's stock has gained 64% since March 2020, when pandemic lockdowns began going into effect in the United States.\nIn April, Microsoft reported sales were up 19% year-over-year to $41.7 billion for the three months ended March 31.\n\"Over a year into the pandemic, digital adoption curves aren't slowing down,\" CEO Satya Nadella said in a statement at the time. \"We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.\"\nApple's market value passed $2 trillion last August, and it currently stands at $2.24 trillion. Now, Microsoft has joined its ranks, with two other Big Tech firms, Amazon (AMZN) and Google (GOOGL GOOGLE), nipping at their heels. Amazon's market cap hit $1.77 trillion on Tuesday, and Google parent Alphabet's reached $1.67 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121982829,"gmtCreate":1624449614261,"gmtModify":1703837003124,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Go up","listText":"Go up","text":"Go up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121982829","repostId":"1115716980","repostType":4,"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121986461,"gmtCreate":1624449590453,"gmtModify":1703837001817,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121986461","repostId":"1119094763","repostType":4,"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121986609,"gmtCreate":1624449576801,"gmtModify":1703837001655,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121986609","repostId":"2145245069","repostType":4,"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121915524,"gmtCreate":1624449152368,"gmtModify":1703836990544,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121915524","repostId":"1186919064","repostType":2,"repost":{"id":"1186919064","kind":"news","pubTimestamp":1624352931,"share":"https://ttm.financial/m/news/1186919064?lang=&edition=fundamental","pubTime":"2021-06-22 17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></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>Will Disney Stock Split This 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\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121912181,"gmtCreate":1624449057143,"gmtModify":1703836988919,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Yes good!","listText":"Yes good!","text":"Yes good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121912181","repostId":"1186919064","repostType":2,"repost":{"id":"1186919064","kind":"news","pubTimestamp":1624352931,"share":"https://ttm.financial/m/news/1186919064?lang=&edition=fundamental","pubTime":"2021-06-22 17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></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>Will Disney Stock Split This 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\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121916980,"gmtCreate":1624448992940,"gmtModify":1703836986627,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Gogogo!","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Gogogo!","text":"$Apple(AAPL)$Gogogo!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121916980","isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121934122,"gmtCreate":1624448572466,"gmtModify":1703836977672,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087544583770050","authorIdStr":"4087544583770050"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/121934122","repostId":"1174672721","repostType":4,"repost":{"id":"1174672721","kind":"news","pubTimestamp":1624448078,"share":"https://ttm.financial/m/news/1174672721?lang=&edition=fundamental","pubTime":"2021-06-23 19:34","market":"us","language":"en","title":"Weekly mortgage refinance demand jumps as some fear end of super-low rates is near","url":"https://stock-news.laohu8.com/highlight/detail?id=1174672721","media":"cnbc","summary":"KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan","content":"<div>\n<p>KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3%...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Weekly mortgage refinance demand jumps as some fear end of super-low rates is near</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\">\nWeekly mortgage refinance demand jumps as some fear end of super-low rates is near\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3%...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174672721","content_text":"KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3% last week from the previous week, the Mortgage Bankers Association said.\nMortgage applications to purchase a home increased by 1% from the previous week and were 14% lower than a year ago.\n\nMortgage rates rose last week, along with demand for refinances. That may sound counterintuitive, but it speaks to the larger picture of where mortgage rates are heading.\nApplications to refinance a home loan rose 3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 9% lower than a year earlier.\nThe data comes as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) rose to the highest level in a month. It increased to 3.18% from 3.11%, with points increasing to 0.48 from 0.36 (including the origination fee) for loans with a 20% down payment. The rate was just 12 basis points higher a year ago.\nRates jumped after Federal Reserve officials indicated last week that rate hikes could come in 2023, a year earlier than expected. However, they didn’t mention when they would start scaling back their massive bond-buying program, which has kept mortgage rates near record lows.\nRefinance demand had been falling sharply as rates rise but has improved in recent weeks. This may be because homeowners think rates are only going up, and it could be the last chance for the best deal. Rates set more than a dozen record lows last year, and refinance demand was huge. However, thousands of borrowers can still save now before rates move higher.\nMortgage applications to purchase a home increased 1% from the previous week and were 14% lower than a year ago. Buyers are hitting an affordability wall, as home prices keep rising quickly. A report onexisting home sales in Mayshowed the fourth straight month of declining home sales.\n“Falling affordability is simply squeezing some first-time buyers out of the market.,” said Lawrence Yun, chief economist for the National Association of Realtors, which issued the report Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":125853394,"gmtCreate":1624668708518,"gmtModify":1703843129592,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/125853394","repostId":"2146073358","repostType":4,"repost":{"id":"2146073358","kind":"highlight","pubTimestamp":1624628400,"share":"https://ttm.financial/m/news/2146073358?lang=&edition=fundamental","pubTime":"2021-06-25 21:40","market":"us","language":"en","title":"These 3 Stocks Will Double -- If You Trust Wall Street's Bulls","url":"https://stock-news.laohu8.com/highlight/detail?id=2146073358","media":"Motley Fool","summary":"Looking for big winners can be a rewarding pursuit.","content":"<blockquote>\n Looking for big winners can be a rewarding pursuit.\n</blockquote>\n<p>Most investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to produce amazing results, it can be a game changer for your entire investing strategy.</p>\n<p>Wall Street analysts definitely aren't the end-all and be-all of investing. They're just as fallible as any other investor. However, using analyst research as a starting point for your own consideration of a stock can be a smart move.</p>\n<p>Below, we'll take a closer look at threetech stocksthat Wall Street's most optimistic analysts believe will double, with an eye toward deciding whether their bullish views are realistic.</p>\n<h3>1. Baidu</h3>\n<p><b>Baidu</b>(NASDAQ:BIDU)has been a stock market favorite for a long time, but the stock has been exceptionally volatile in recent years. The Chinese internet-search specialist saw its share price soar from 2013 to 2018, only to lose 75% between 2018 and 2020. Even in just the past several months, Baidu's stock has been exceptionally volatile, with shares tripling between October and February and then falling by nearly half since then.</p>\n<p>Some analysts are still optimistic about Baidu's prospects. With shares trading at around $195, the top price target on Wall Street, which comes from<b>Barclays</b>, is $400 per share. That would be more than a double from current levels.</p>\n<p>The key to Baidu's renaissance in the eyes of Barclays is its success in working on artificial intelligence and cloud computing. For years,Baidu coasted on its internet-search success, allowing its peers in the Chinese internet space to pass it by. However, Barclays is optimistic that Baidu can catch up, with initiatives like the Apollo software platform for autonomous vehicles paving the way for new growth.</p>\n<p>Concerns that Baidu and other Chinese stocks might get delisted from U.S. stock exchanges are fading fast, and that's cluing value investors into the potential these companies have. WithBaidu offering a relative bargain, the Chinese internet stock looks attractive.</p>\n<h3>2. Micron Technology</h3>\n<p>Soaring demand for computing capacity has sent prices of memory chips soaring, and that's been a big boon for<b>Micron Technology</b>(NASDAQ:MU). The stock price doubled between September 2020 and April 2021, and despite a small pullback, longtime Micron shareholders have held onto most of their gains.</p>\n<p>Yet analysts see more upside ahead. The most ambitious, Rosenblatt Securities, believesMicron stock could gofrom its current level around $81 per share to $165 over the next year.</p>\n<p>The big question for Micron is how long the upward cycle in the semiconductor chip market will last. The industry is notoriously cyclical, with companies like Micron responding to shortages like this by dramatically boosting production capacity. Inevitably, the result is a glut of chips when market conditions normalize, and that creates huge waves in earnings that make apparently cheap multiples look like value traps when industry conditions turn downward.</p>\n<p>For now, though, all signs point to continued strong demand. With chip shortages still reported in several key markets, Micron could have a long way to climb before overcapacity rears its ugly head and leads to an intermediate-term top for the stock.</p>\n<h3>3. Splunk</h3>\n<p>Last but not least,<b>Splunk</b>(NASDAQ:SPLK)has been a volatile stock lately. The data-analytics company recently saw its stock drop back to its March 2020 lows. Even after a sizable bounce, shares remain between 30% and 40% below their best levels from last summer.</p>\n<p>Yet some analysts see a big recovery coming from Splunk. The most optimistic pick forecasts a rise to $300 per share, which would be an all-time high for the stock.</p>\n<p>Splunk recently made news with a big vote of confidencefrom a major institutional investor. Private equity company Silver Lake made a $1 billion investment in the company, purchasing convertible notes that will give Silver Lake the ability to profit from future share-price increases. Splunk intends to take the $1 billion in proceeds to buy back shares, recognizing its own opinion that its stock is undervalued.</p>\n<p>Data analytics has been highly competitive, andSplunk hasn't been able to keep up with some of its peers. However, if the company can restart its growth engines and start catching up with the competition, it could see its stock price reflect more optimism.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Stocks Will Double -- If You Trust Wall Street's Bulls</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\">\nThese 3 Stocks Will Double -- If You Trust Wall Street's Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Looking for big winners can be a rewarding pursuit.\n\nMost investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","SPLK":"Splunk Inc","MU":"美光科技"},"source_url":"https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146073358","content_text":"Looking for big winners can be a rewarding pursuit.\n\nMost investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to produce amazing results, it can be a game changer for your entire investing strategy.\nWall Street analysts definitely aren't the end-all and be-all of investing. They're just as fallible as any other investor. However, using analyst research as a starting point for your own consideration of a stock can be a smart move.\nBelow, we'll take a closer look at threetech stocksthat Wall Street's most optimistic analysts believe will double, with an eye toward deciding whether their bullish views are realistic.\n1. Baidu\nBaidu(NASDAQ:BIDU)has been a stock market favorite for a long time, but the stock has been exceptionally volatile in recent years. The Chinese internet-search specialist saw its share price soar from 2013 to 2018, only to lose 75% between 2018 and 2020. Even in just the past several months, Baidu's stock has been exceptionally volatile, with shares tripling between October and February and then falling by nearly half since then.\nSome analysts are still optimistic about Baidu's prospects. With shares trading at around $195, the top price target on Wall Street, which comes fromBarclays, is $400 per share. That would be more than a double from current levels.\nThe key to Baidu's renaissance in the eyes of Barclays is its success in working on artificial intelligence and cloud computing. For years,Baidu coasted on its internet-search success, allowing its peers in the Chinese internet space to pass it by. However, Barclays is optimistic that Baidu can catch up, with initiatives like the Apollo software platform for autonomous vehicles paving the way for new growth.\nConcerns that Baidu and other Chinese stocks might get delisted from U.S. stock exchanges are fading fast, and that's cluing value investors into the potential these companies have. WithBaidu offering a relative bargain, the Chinese internet stock looks attractive.\n2. Micron Technology\nSoaring demand for computing capacity has sent prices of memory chips soaring, and that's been a big boon forMicron Technology(NASDAQ:MU). The stock price doubled between September 2020 and April 2021, and despite a small pullback, longtime Micron shareholders have held onto most of their gains.\nYet analysts see more upside ahead. The most ambitious, Rosenblatt Securities, believesMicron stock could gofrom its current level around $81 per share to $165 over the next year.\nThe big question for Micron is how long the upward cycle in the semiconductor chip market will last. The industry is notoriously cyclical, with companies like Micron responding to shortages like this by dramatically boosting production capacity. Inevitably, the result is a glut of chips when market conditions normalize, and that creates huge waves in earnings that make apparently cheap multiples look like value traps when industry conditions turn downward.\nFor now, though, all signs point to continued strong demand. With chip shortages still reported in several key markets, Micron could have a long way to climb before overcapacity rears its ugly head and leads to an intermediate-term top for the stock.\n3. Splunk\nLast but not least,Splunk(NASDAQ:SPLK)has been a volatile stock lately. The data-analytics company recently saw its stock drop back to its March 2020 lows. Even after a sizable bounce, shares remain between 30% and 40% below their best levels from last summer.\nYet some analysts see a big recovery coming from Splunk. The most optimistic pick forecasts a rise to $300 per share, which would be an all-time high for the stock.\nSplunk recently made news with a big vote of confidencefrom a major institutional investor. Private equity company Silver Lake made a $1 billion investment in the company, purchasing convertible notes that will give Silver Lake the ability to profit from future share-price increases. Splunk intends to take the $1 billion in proceeds to buy back shares, recognizing its own opinion that its stock is undervalued.\nData analytics has been highly competitive, andSplunk hasn't been able to keep up with some of its peers. However, if the company can restart its growth engines and start catching up with the competition, it could see its stock price reflect more optimism.","news_type":1},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121934122,"gmtCreate":1624448572466,"gmtModify":1703836977672,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/121934122","repostId":"1174672721","repostType":4,"repost":{"id":"1174672721","kind":"news","pubTimestamp":1624448078,"share":"https://ttm.financial/m/news/1174672721?lang=&edition=fundamental","pubTime":"2021-06-23 19:34","market":"us","language":"en","title":"Weekly mortgage refinance demand jumps as some fear end of super-low rates is near","url":"https://stock-news.laohu8.com/highlight/detail?id=1174672721","media":"cnbc","summary":"KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan","content":"<div>\n<p>KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3%...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Weekly mortgage refinance demand jumps as some fear end of super-low rates is near</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\">\nWeekly mortgage refinance demand jumps as some fear end of super-low rates is near\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3%...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174672721","content_text":"KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3% last week from the previous week, the Mortgage Bankers Association said.\nMortgage applications to purchase a home increased by 1% from the previous week and were 14% lower than a year ago.\n\nMortgage rates rose last week, along with demand for refinances. That may sound counterintuitive, but it speaks to the larger picture of where mortgage rates are heading.\nApplications to refinance a home loan rose 3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 9% lower than a year earlier.\nThe data comes as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) rose to the highest level in a month. It increased to 3.18% from 3.11%, with points increasing to 0.48 from 0.36 (including the origination fee) for loans with a 20% down payment. The rate was just 12 basis points higher a year ago.\nRates jumped after Federal Reserve officials indicated last week that rate hikes could come in 2023, a year earlier than expected. However, they didn’t mention when they would start scaling back their massive bond-buying program, which has kept mortgage rates near record lows.\nRefinance demand had been falling sharply as rates rise but has improved in recent weeks. This may be because homeowners think rates are only going up, and it could be the last chance for the best deal. Rates set more than a dozen record lows last year, and refinance demand was huge. However, thousands of borrowers can still save now before rates move higher.\nMortgage applications to purchase a home increased 1% from the previous week and were 14% lower than a year ago. Buyers are hitting an affordability wall, as home prices keep rising quickly. A report onexisting home sales in Mayshowed the fourth straight month of declining home sales.\n“Falling affordability is simply squeezing some first-time buyers out of the market.,” said Lawrence Yun, chief economist for the National Association of Realtors, which issued the report Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121986461,"gmtCreate":1624449590453,"gmtModify":1703837001817,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121986461","repostId":"1119094763","repostType":4,"repost":{"id":"1119094763","kind":"news","pubTimestamp":1624440866,"share":"https://ttm.financial/m/news/1119094763?lang=&edition=fundamental","pubTime":"2021-06-23 17:34","market":"us","language":"en","title":"MicroVision Simply Is Not What It Was Billed To Be","url":"https://stock-news.laohu8.com/highlight/detail?id=1119094763","media":"InvestorPlace","summary":"MVIS stock isn't interesting unless you like meme stocks.\n\nInvestors who chose to get on board withM","content":"<blockquote>\n MVIS stock isn't interesting unless you like meme stocks.\n</blockquote>\n<p>Investors who chose to get on board with<b>MicroVision</b>(NASDAQ:<b><u>MVIS</u></b>) stock now would be making an unwise decision.</p>\n<p><img src=\"https://static.tigerbbs.com/4f02ec22da7110e7f4d830af83f2ec2d\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p>There are ample reasons to be bearish on MicroVision moving forward. Despite having said that, the upside down dynamics of today’s market mean that it could stagnate at its current overvalued price, or even rise.</p>\n<p>That’s a good place to start.</p>\n<p><b>Reddit Fan Favorite</b></p>\n<p>MVIS stock is often talked about on the<b>Reddit</b>forumr/WallStreetBets,which is enough these days to keep fundamentally weak equities afloat.</p>\n<p>This has occurred multiple times this year and continues to keep shares well above where they might otherwise be in normal times. The fact is that MicroVision shares are heavily shorted with currentshort interest sitting at 21.5%. This is serving to prop prices up.</p>\n<p>If the Redditors are correct, they can affect ashort squeezecausing prices to spike making these highly speculative investors massive returns very quickly.</p>\n<p>The more conservative school of thought is that now is a good time to take some profits off the table for those who established positions months earlier.</p>\n<p>That would be my suggestion. But, I realize that Redditors and<b>Robinhood</b>investors are prone to holding, or perhaps it’s holding as well as unified action. Even so, there are multiple signs that point to a bearish position on MVIS being a prudent one.</p>\n<p>So, why should investors be bearish on MVIS right now?</p>\n<p><b>MicroVision Isn’t Living Up to Its Promise</b></p>\n<p>Back in February, MicroVision released news that precipitated the run up in its share price. On Feb. 10 it announced that it was making progress on its light-detection-and-ranging (lidar) technology. Within the span of a week it had gone from about $7 to above $23.</p>\n<p>The company also announced that it would likely be able to produce a working prototype of its long-range lidar technology by April, which disappointed.</p>\n<p>But despite nearly non-existent sales, it managed only $479,000 in the first quarter, MicroVision remains a darling of the Redditor crowd.</p>\n<p>That’s partly because the promise of lidar largely hinges upon the fate of<b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>). Tesla has famously been a staunch proponent of computer vision in its vehicles rather than lidar. But recent events indicated that lidar could indeed be the way forward as EV autonomy evolves.</p>\n<p><b>Tesla</b></p>\n<p>A Tesla was photographed a few months ago in Florida sporting lidar sensors from<b>Luminar</b>(NASDAQ:<b><u>LAZR</u></b>). Tesla did not indicate that the partnership means its computer vision aspirations are over. Rather, itcalled the partnershipuseful for the purpose of “testing and developing.”</p>\n<p>For MicroVision, this could have been interpreted multiple ways. On the one hand, it clearly indicates that lidar has a future in vehicle autonomy as many pundits have long suspected. However, Tesla’s choice of Luminar as a partner indicates MicroVision is likely not the leader in the field many expected it to become.</p>\n<p>In fact, it’s much closer to a company that should trade in penny stock territory than one deserving of a $22 share price and $3.2 billion in market capitalization.</p>\n<p>The two analysts covering MVIS stock each give it a shockingly low price target of 25 cents. That’s more than 80x where it currently trades at.</p>\n<p>It’s one example of what happens when the internet amplifies the attractiveness of an object that should appear much less shiny.</p>\n<p><b>The Bottom Line on MVIS Stock</b></p>\n<p>Even though Reddit will prop MVIS stock up for now, I suspect MicroVision is simply going to continue what it has done throughout its corporate life. That is, pivot and attempt to commercialize a new technology.</p>\n<p>It did raise nearly $49 million through an at-the-market sale of common stock when it popped in February. And it does have $75 million in free cash according to its10-Q. It has also flat out stated that it is looking to be purchased or could merge.</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>MicroVision Simply Is Not What It Was Billed To Be</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\">\nMicroVision Simply Is Not What It Was Billed To Be\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 17:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/mvis-stock-simply-is-not-what-it-was-billed-to-be/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MVIS stock isn't interesting unless you like meme stocks.\n\nInvestors who chose to get on board withMicroVision(NASDAQ:MVIS) stock now would be making an unwise decision.\nSource: Shutterstock\nThere are...</p>\n\n<a href=\"https://investorplace.com/2021/06/mvis-stock-simply-is-not-what-it-was-billed-to-be/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MVIS":"维视图像"},"source_url":"https://investorplace.com/2021/06/mvis-stock-simply-is-not-what-it-was-billed-to-be/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119094763","content_text":"MVIS stock isn't interesting unless you like meme stocks.\n\nInvestors who chose to get on board withMicroVision(NASDAQ:MVIS) stock now would be making an unwise decision.\nSource: Shutterstock\nThere are ample reasons to be bearish on MicroVision moving forward. Despite having said that, the upside down dynamics of today’s market mean that it could stagnate at its current overvalued price, or even rise.\nThat’s a good place to start.\nReddit Fan Favorite\nMVIS stock is often talked about on theRedditforumr/WallStreetBets,which is enough these days to keep fundamentally weak equities afloat.\nThis has occurred multiple times this year and continues to keep shares well above where they might otherwise be in normal times. The fact is that MicroVision shares are heavily shorted with currentshort interest sitting at 21.5%. This is serving to prop prices up.\nIf the Redditors are correct, they can affect ashort squeezecausing prices to spike making these highly speculative investors massive returns very quickly.\nThe more conservative school of thought is that now is a good time to take some profits off the table for those who established positions months earlier.\nThat would be my suggestion. But, I realize that Redditors andRobinhoodinvestors are prone to holding, or perhaps it’s holding as well as unified action. Even so, there are multiple signs that point to a bearish position on MVIS being a prudent one.\nSo, why should investors be bearish on MVIS right now?\nMicroVision Isn’t Living Up to Its Promise\nBack in February, MicroVision released news that precipitated the run up in its share price. On Feb. 10 it announced that it was making progress on its light-detection-and-ranging (lidar) technology. Within the span of a week it had gone from about $7 to above $23.\nThe company also announced that it would likely be able to produce a working prototype of its long-range lidar technology by April, which disappointed.\nBut despite nearly non-existent sales, it managed only $479,000 in the first quarter, MicroVision remains a darling of the Redditor crowd.\nThat’s partly because the promise of lidar largely hinges upon the fate ofTesla(NASDAQ:TSLA). Tesla has famously been a staunch proponent of computer vision in its vehicles rather than lidar. But recent events indicated that lidar could indeed be the way forward as EV autonomy evolves.\nTesla\nA Tesla was photographed a few months ago in Florida sporting lidar sensors fromLuminar(NASDAQ:LAZR). Tesla did not indicate that the partnership means its computer vision aspirations are over. Rather, itcalled the partnershipuseful for the purpose of “testing and developing.”\nFor MicroVision, this could have been interpreted multiple ways. On the one hand, it clearly indicates that lidar has a future in vehicle autonomy as many pundits have long suspected. However, Tesla’s choice of Luminar as a partner indicates MicroVision is likely not the leader in the field many expected it to become.\nIn fact, it’s much closer to a company that should trade in penny stock territory than one deserving of a $22 share price and $3.2 billion in market capitalization.\nThe two analysts covering MVIS stock each give it a shockingly low price target of 25 cents. That’s more than 80x where it currently trades at.\nIt’s one example of what happens when the internet amplifies the attractiveness of an object that should appear much less shiny.\nThe Bottom Line on MVIS Stock\nEven though Reddit will prop MVIS stock up for now, I suspect MicroVision is simply going to continue what it has done throughout its corporate life. That is, pivot and attempt to commercialize a new technology.\nIt did raise nearly $49 million through an at-the-market sale of common stock when it popped in February. And it does have $75 million in free cash according to its10-Q. It has also flat out stated that it is looking to be purchased or could merge.","news_type":1},"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121912181,"gmtCreate":1624449057143,"gmtModify":1703836988919,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Yes good!","listText":"Yes good!","text":"Yes good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121912181","repostId":"1186919064","repostType":2,"repost":{"id":"1186919064","kind":"news","pubTimestamp":1624352931,"share":"https://ttm.financial/m/news/1186919064?lang=&edition=fundamental","pubTime":"2021-06-22 17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></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>Will Disney Stock Split This 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\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121916980,"gmtCreate":1624448992940,"gmtModify":1703836986627,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Gogogo!","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Gogogo!","text":"$Apple(AAPL)$Gogogo!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121916980","isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121985458,"gmtCreate":1624449684874,"gmtModify":1703837005077,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121985458","repostId":"1128236138","repostType":4,"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121985891,"gmtCreate":1624449664513,"gmtModify":1703837004754,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121985891","repostId":"1112493847","repostType":4,"repost":{"id":"1112493847","kind":"news","pubTimestamp":1624435158,"share":"https://ttm.financial/m/news/1112493847?lang=&edition=fundamental","pubTime":"2021-06-23 15:59","market":"us","language":"en","title":"Amazon’s Planned Purchase of MGM Faces FTC Scrutiny","url":"https://stock-news.laohu8.com/highlight/detail?id=1112493847","media":"The Wall Street Journal","summary":"Commission secures antitrust review after talks with Justice Department, and as Amazon critic Lina Khan takes the FTC’s helm.During recent interagency negotiations, the FTC secured the right to review the Amazon-MGM deal, the people familiar with the matter said. The FTC pushed for jurisdiction over the merger review because it already has an open, wide-ranging antitrust investigation into Amazon’s business practices, the people said.An Amazon spokesman had no immediate comment. An FTC spokeswom","content":"<blockquote>\n <b>Commission secures antitrust review after talks with Justice Department, and as Amazon critic Lina Khan takes the FTC’s helm.</b>\n</blockquote>\n<p>WASHINGTON—The Federal Trade Commission will be the agency to reviewAmazon.AMZN1.49%com Inc.’s proposed acquisition of Hollywood studio MGM, according to people familiar with the matter, just as the commission gets a new chairwoman who has been critical of the online giant’s expansion.</p>\n<p>Amazon last monthannounced its deal for MGM, which would boost its Prime Video streaming platform in a market that includes rivals such asNetflixInc.andWalt DisneyCo.MGM has a library of more than 4,000 films, including the James Bond franchise, and a television catalog that includes “The Handmaid’s Tale” and “Vikings.”</p>\n<p>Companies doing sizable mergers have to submit their deals for government antitrust review. The FTC shares antitrust authority with the Justice Department, and the two agencies split up the work of reviewing proposed deals. The department has recently reviewed transactions involving video content,including Disney’s acquisitionof 21st Century Fox andAT&amp;TInc.’sacquisition of Time Warner, a deal the department unsuccessfullyattempted to block in court.</p>\n<p>During recent interagency negotiations, the FTC secured the right to review the Amazon-MGM deal, the people familiar with the matter said. The FTC pushed for jurisdiction over the merger review because it already has an open, wide-ranging antitrust investigation into Amazon’s business practices, the people said.</p>\n<p>The FTC and the Justice Department previouslyagreed to divide up investigationsof four leading tech giants’ conduct, with the department takingAppleInc.andAlphabetInc.’sGoogle, while the FTC tookFacebookInc.and Amazon.</p>\n<p>An Amazon spokesman had no immediate comment. An FTC spokeswoman declined to comment.</p>\n<p>The MGM review could present an early test for new FTC Chairwoman Lina Khan, who made her name in antitrust circlesin large part by criticizing Amazon. She wrote a widely read law-review article while at Yale Law School that argued U.S. antitrust law has failed to restrain the online retailer.</p>\n<p>Ms. Khan more broadly has argued that antitrust enforcement needs far-reaching changes to better restrain dominant companies. She won Senate confirmation last week to be an FTC commissioner, and President Biden then immediatelydesignated her as chairwoman.</p>\n<p>Amazon is a growing producer of its own video content and has become anaggressive buyer of sports rights, including those for the National Football League. But it still has a relatively modest library compared with traditional media giants.</p>\n<p>MGM is now one of the smaller studios in Hollywood, meaning the tie-up isn’t necessarily the kind of transaction that in the past would have raised immediate red flags about anticompetitive concentration. But in light of Amazon’s broader marketplace footprint, the addition of MGM could raise concerns about the expansion of the online giant’s platform, which critics in Washington already believe is too powerful.</p>\n<p>Though the FTC and Justice Department have similar antitrust authority, their procedures are different, and companies generally prefer to have their matters before the department because its process is more straightforward.</p>\n<p>If the Justice Department wants to block a merger, it must go to court and win a case. The FTC, by contrast, has the option to challenge a transaction in its own administrative-court proceedings, and can go to federal court concurrently to seek a preliminary injunction blocking a merger while its in-house legal proceedings take place. That two-track process can be more complicated, and companies face high hurdles to winning a case run through the FTC’s administrative system.</p>\n<p>The FTC in 2017 clearedAmazon’s acquisition of Whole Foods Marketwithout giving the deal a lengthy, detailed review. Ms. Khan was among a group of progressives who criticized the transaction and argued that the FTC should block it.</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>Amazon’s Planned Purchase of MGM Faces FTC Scrutiny</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\">\nAmazon’s Planned Purchase of MGM Faces FTC Scrutiny\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/amazons-planned-purchase-of-mgm-to-be-reviewed-by-ftc-11624379614?mod=business_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Commission secures antitrust review after talks with Justice Department, and as Amazon critic Lina Khan takes the FTC’s helm.\n\nWASHINGTON—The Federal Trade Commission will be the agency to ...</p>\n\n<a href=\"https://www.wsj.com/articles/amazons-planned-purchase-of-mgm-to-be-reviewed-by-ftc-11624379614?mod=business_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.wsj.com/articles/amazons-planned-purchase-of-mgm-to-be-reviewed-by-ftc-11624379614?mod=business_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112493847","content_text":"Commission secures antitrust review after talks with Justice Department, and as Amazon critic Lina Khan takes the FTC’s helm.\n\nWASHINGTON—The Federal Trade Commission will be the agency to reviewAmazon.AMZN1.49%com Inc.’s proposed acquisition of Hollywood studio MGM, according to people familiar with the matter, just as the commission gets a new chairwoman who has been critical of the online giant’s expansion.\nAmazon last monthannounced its deal for MGM, which would boost its Prime Video streaming platform in a market that includes rivals such asNetflixInc.andWalt DisneyCo.MGM has a library of more than 4,000 films, including the James Bond franchise, and a television catalog that includes “The Handmaid’s Tale” and “Vikings.”\nCompanies doing sizable mergers have to submit their deals for government antitrust review. The FTC shares antitrust authority with the Justice Department, and the two agencies split up the work of reviewing proposed deals. The department has recently reviewed transactions involving video content,including Disney’s acquisitionof 21st Century Fox andAT&TInc.’sacquisition of Time Warner, a deal the department unsuccessfullyattempted to block in court.\nDuring recent interagency negotiations, the FTC secured the right to review the Amazon-MGM deal, the people familiar with the matter said. The FTC pushed for jurisdiction over the merger review because it already has an open, wide-ranging antitrust investigation into Amazon’s business practices, the people said.\nThe FTC and the Justice Department previouslyagreed to divide up investigationsof four leading tech giants’ conduct, with the department takingAppleInc.andAlphabetInc.’sGoogle, while the FTC tookFacebookInc.and Amazon.\nAn Amazon spokesman had no immediate comment. An FTC spokeswoman declined to comment.\nThe MGM review could present an early test for new FTC Chairwoman Lina Khan, who made her name in antitrust circlesin large part by criticizing Amazon. She wrote a widely read law-review article while at Yale Law School that argued U.S. antitrust law has failed to restrain the online retailer.\nMs. Khan more broadly has argued that antitrust enforcement needs far-reaching changes to better restrain dominant companies. She won Senate confirmation last week to be an FTC commissioner, and President Biden then immediatelydesignated her as chairwoman.\nAmazon is a growing producer of its own video content and has become anaggressive buyer of sports rights, including those for the National Football League. But it still has a relatively modest library compared with traditional media giants.\nMGM is now one of the smaller studios in Hollywood, meaning the tie-up isn’t necessarily the kind of transaction that in the past would have raised immediate red flags about anticompetitive concentration. But in light of Amazon’s broader marketplace footprint, the addition of MGM could raise concerns about the expansion of the online giant’s platform, which critics in Washington already believe is too powerful.\nThough the FTC and Justice Department have similar antitrust authority, their procedures are different, and companies generally prefer to have their matters before the department because its process is more straightforward.\nIf the Justice Department wants to block a merger, it must go to court and win a case. The FTC, by contrast, has the option to challenge a transaction in its own administrative-court proceedings, and can go to federal court concurrently to seek a preliminary injunction blocking a merger while its in-house legal proceedings take place. That two-track process can be more complicated, and companies face high hurdles to winning a case run through the FTC’s administrative system.\nThe FTC in 2017 clearedAmazon’s acquisition of Whole Foods Marketwithout giving the deal a lengthy, detailed review. Ms. Khan was among a group of progressives who criticized the transaction and argued that the FTC should block it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121982775,"gmtCreate":1624449648397,"gmtModify":1703837003939,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Pls keep it","listText":"Pls keep it","text":"Pls keep it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121982775","repostId":"1136966718","repostType":4,"repost":{"id":"1136966718","kind":"news","pubTimestamp":1624436720,"share":"https://ttm.financial/m/news/1136966718?lang=&edition=fundamental","pubTime":"2021-06-23 16:25","market":"us","language":"en","title":"Will The Fed Keep Inflation Contained?","url":"https://stock-news.laohu8.com/highlight/detail?id=1136966718","media":"Investing","summary":"Inflationhas surged recently, raising concern that the US economy faces its biggest threat to pricin","content":"<p>Inflationhas surged recently, raising concern that the US economy faces its biggest threat to pricing stability since the 1970s. The counterargument: inflation is transitory and the recent run-up in prices will fade as production bottlenecks linked to the economy’s reopening fade. Even if inflation turns out to be more persistent than some forecasters expect, the Federal Reserve will step in and nip the problem in the bud.</p>\n<p>The last defense against higher inflation, not surprisingly, is the central bank. That leaves the critical question: How much confidence should be assigned to presuming that the Fed will adjust monetary policy in a timely fashion if faster inflation is stickier than expected?</p>\n<p>Skeptics say that the Fed’s track record on economic forecasting is hardly encouraging. To be fair, it’s not obvious that private economists are any better. Forecasting is hard for everyone, especially about the future.</p>\n<p>Regardless, the government’s extraordinary pandemic stimulus threatens to permanently raise inflation, some analysts warn. If so, does the Fed have the tools to cap if not reverse higher inflation? Yes, but that leads to another question: Will the Fed use those tools in a timely manner?</p>\n<p>Here’s where the outlook become hazy, in part because expectations on this front depend on whether you think the central bank has become overly politicized. One line of worry runs as follows: debt levels (for government and the private sector) have increased sharply in recent years and so higher rates will create burdens that the economy can’t tolerate.</p>\n<p>There’s some truth in that concern, although the pushback is that if the Fed tightens policy sufficiently early, any upside inflation surprise will be curtailed and so interest rate hikes will be modest.</p>\n<p>There’s also the potential for deploying hawkish Fed rhetoric as a tool to convince the markets that the central bank will remain vigilant on keeping inflation contained. There was a hint of this last week, when St. Louis Fed President James Bullard said that rate hikes may begin sooner than expected – comments that triggered a decline in commodities prices and Treasury yields.</p>\n<p>There’s still a lot of uncertainty about inflation’s trajectory, but there are nascent signs that the recent surge is peaking. For example, a multi-factor measure of the directional bias for US inflation – based on The Capital Spectator’s Inflation Trend Index — continues to suggest that June will mark the high point for the recent swelling of pricing pressure.</p>\n<p><img src=\"https://static.tigerbbs.com/22d844f6d03c5b3d1829fbd7b33b5e8e\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\">Inflation Trend Index</p>\n<p>In addition, the Cleveland Fed’s inflation forecasting model projects that after this year’s pop in prices, the trend will ease in the years ahead. For example, over the next five years this model sees inflation at around 1.5%. Every model is wrong, but some are useful. On that point, Mark Hulbert at MarketWatch.com reports that the Cleveland Fed’s model has a relatively strong record vs. the University of Michigan’s consumer survey of inflation expectations and the Treasury market’s implied inflation outlook.</p>\n<p>Keep in mind, too, that political pressure will probably rise for the Fed to act if inflation appears to remain higher than expected. It’s likely that if and when the Fed appears to be losing control of inflation, Fed Chairman Powell will be mercilessly pressed to explain why at the periodic public hearings in Congress.</p>\n<p>Meanwhile, Fed policymakers are starting to talk about tapering bond purchases, a shift that — when it comes — would likely be an early sign of monetary tightening. Although tapering isn’t expected in the immediate future, the fact that the subject is receiving public attention from the central bank lays down markers that the potential for change is brewing.</p>\n<p>“It would be healthier as we are making progress in weathering the pandemic and achieving our goals to start adjusting these purchases — Treasuries and mortgage-backed securities — sooner rather than later,” Robert Kaplan, Dallas Fed chair, noted on Monday.</p>\n<p>As for the bank’s standard toolkit, Fed funds futures markets aren’t pricing in rate hikes for the rest of this year, but the estimated probabilities start to rise meaningfully in 2022, rising gradually to 40% a year from now, based on CME data.</p>\n<p>Nonetheless, there’s plenty of speculation swirling that the Fed will intentionally remain asleep at the switch if inflation proves to be less than transitory. But for now, this is guesswork and there’s minimal, if any, reasoning to suggest that its captures a likely scenario for the months and years ahead.</p>\n<p>The bigger risk is that the Fed remains attentive and acts responsibly but gets the timing wrong and allows the inflation genie to escape. But recent commentary from Fed officials suggests this is a misplaced concern, at least for now.</p>\n<p>As Tim Duy at SGH Macro Advisers tells clients in a research note this week:</p>\n<blockquote>\n The Fed’s hawkish turn is primarily about a belated acknowledgement of the strength of the data rather than a shift in the reaction function. That said, within the reaction function there are still moving pieces to consider that provide some policy flexibility. The Fed’s decision to place a high priority on controlling the tapering discussion limited debate on those moving pieces and encouraged a widespread perception that the Fed was more uniformly committed to a particularly dovish interpretation of the data and framework than was the case. That perception cracked last week.\n</blockquote>","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>Will The Fed Keep Inflation Contained?</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\">\nWill The Fed Keep Inflation Contained?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 16:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/analysis/will-the-fed-keep-inflation-contained-200587549><strong>Investing</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Inflationhas surged recently, raising concern that the US economy faces its biggest threat to pricing stability since the 1970s. The counterargument: inflation is transitory and the recent run-up in ...</p>\n\n<a href=\"https://www.investing.com/analysis/will-the-fed-keep-inflation-contained-200587549\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.investing.com/analysis/will-the-fed-keep-inflation-contained-200587549","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136966718","content_text":"Inflationhas surged recently, raising concern that the US economy faces its biggest threat to pricing stability since the 1970s. The counterargument: inflation is transitory and the recent run-up in prices will fade as production bottlenecks linked to the economy’s reopening fade. Even if inflation turns out to be more persistent than some forecasters expect, the Federal Reserve will step in and nip the problem in the bud.\nThe last defense against higher inflation, not surprisingly, is the central bank. That leaves the critical question: How much confidence should be assigned to presuming that the Fed will adjust monetary policy in a timely fashion if faster inflation is stickier than expected?\nSkeptics say that the Fed’s track record on economic forecasting is hardly encouraging. To be fair, it’s not obvious that private economists are any better. Forecasting is hard for everyone, especially about the future.\nRegardless, the government’s extraordinary pandemic stimulus threatens to permanently raise inflation, some analysts warn. If so, does the Fed have the tools to cap if not reverse higher inflation? Yes, but that leads to another question: Will the Fed use those tools in a timely manner?\nHere’s where the outlook become hazy, in part because expectations on this front depend on whether you think the central bank has become overly politicized. One line of worry runs as follows: debt levels (for government and the private sector) have increased sharply in recent years and so higher rates will create burdens that the economy can’t tolerate.\nThere’s some truth in that concern, although the pushback is that if the Fed tightens policy sufficiently early, any upside inflation surprise will be curtailed and so interest rate hikes will be modest.\nThere’s also the potential for deploying hawkish Fed rhetoric as a tool to convince the markets that the central bank will remain vigilant on keeping inflation contained. There was a hint of this last week, when St. Louis Fed President James Bullard said that rate hikes may begin sooner than expected – comments that triggered a decline in commodities prices and Treasury yields.\nThere’s still a lot of uncertainty about inflation’s trajectory, but there are nascent signs that the recent surge is peaking. For example, a multi-factor measure of the directional bias for US inflation – based on The Capital Spectator’s Inflation Trend Index — continues to suggest that June will mark the high point for the recent swelling of pricing pressure.\nInflation Trend Index\nIn addition, the Cleveland Fed’s inflation forecasting model projects that after this year’s pop in prices, the trend will ease in the years ahead. For example, over the next five years this model sees inflation at around 1.5%. Every model is wrong, but some are useful. On that point, Mark Hulbert at MarketWatch.com reports that the Cleveland Fed’s model has a relatively strong record vs. the University of Michigan’s consumer survey of inflation expectations and the Treasury market’s implied inflation outlook.\nKeep in mind, too, that political pressure will probably rise for the Fed to act if inflation appears to remain higher than expected. It’s likely that if and when the Fed appears to be losing control of inflation, Fed Chairman Powell will be mercilessly pressed to explain why at the periodic public hearings in Congress.\nMeanwhile, Fed policymakers are starting to talk about tapering bond purchases, a shift that — when it comes — would likely be an early sign of monetary tightening. Although tapering isn’t expected in the immediate future, the fact that the subject is receiving public attention from the central bank lays down markers that the potential for change is brewing.\n“It would be healthier as we are making progress in weathering the pandemic and achieving our goals to start adjusting these purchases — Treasuries and mortgage-backed securities — sooner rather than later,” Robert Kaplan, Dallas Fed chair, noted on Monday.\nAs for the bank’s standard toolkit, Fed funds futures markets aren’t pricing in rate hikes for the rest of this year, but the estimated probabilities start to rise meaningfully in 2022, rising gradually to 40% a year from now, based on CME data.\nNonetheless, there’s plenty of speculation swirling that the Fed will intentionally remain asleep at the switch if inflation proves to be less than transitory. But for now, this is guesswork and there’s minimal, if any, reasoning to suggest that its captures a likely scenario for the months and years ahead.\nThe bigger risk is that the Fed remains attentive and acts responsibly but gets the timing wrong and allows the inflation genie to escape. But recent commentary from Fed officials suggests this is a misplaced concern, at least for now.\nAs Tim Duy at SGH Macro Advisers tells clients in a research note this week:\n\n The Fed’s hawkish turn is primarily about a belated acknowledgement of the strength of the data rather than a shift in the reaction function. That said, within the reaction function there are still moving pieces to consider that provide some policy flexibility. The Fed’s decision to place a high priority on controlling the tapering discussion limited debate on those moving pieces and encouraged a widespread perception that the Fed was more uniformly committed to a particularly dovish interpretation of the data and framework than was the case. That perception cracked last week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121982292,"gmtCreate":1624449629216,"gmtModify":1703837004591,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121982292","repostId":"1177243335","repostType":4,"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121982829,"gmtCreate":1624449614261,"gmtModify":1703837003124,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Go up","listText":"Go up","text":"Go up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121982829","repostId":"1115716980","repostType":4,"repost":{"id":"1115716980","kind":"news","pubTimestamp":1624439805,"share":"https://ttm.financial/m/news/1115716980?lang=&edition=fundamental","pubTime":"2021-06-23 17:16","market":"us","language":"en","title":"Bitcoin briefly crashed again, wiping out 2021 gains. Here's why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1115716980","media":"USA Today","summary":"Cryptocurrencies gyrated sharply Tuesday, extending a recent run of wild swings.\nFor the first time ","content":"<p>Cryptocurrencies gyrated sharply Tuesday, extending a recent run of wild swings.</p>\n<p>For the first time since January, bitcoin — the world’s most popular digital coin — briefly dropped below $30,000, a key level that technical analysts monitor. It erased its gains for 2021 before recovering to trade at $32,481.93, according to CoinGecko, a crypto market data site.</p>\n<p>Bitcoin at one point shed more than 10% to trade as low as $29,154.73, losing more than half its value since hitting a record high in April. That's after a tremendous performance in 2020, with the digital currency surging more than 300%.</p>\n<p>Other cryptos joined the sell-off before paring losses, with ethereum, the second-biggest digital currency by market value, slumping more than 5%. Now it's ticked up 0.7% over the past 24 hours.</p>\n<p>The selling also spilled over to smaller coins like Dogecoin, a meme-inspired crypto that at one point tumbled more than 25% to erase all of its gains since April. It has since cut declines and is down 1% in the past day.</p>\n<p>Here’s what drove the latest sell-off:</p>\n<p><b>Will Dogecoin go up or bust?:</b>Here are 700 million reasons its bubble will burst.</p>\n<p><b>Bitcoin is up, then down:</b>But exactly how does it work?</p>\n<p>Why are cryptos falling?</p>\n<p>After topping $64,000 in April, bitcoin has struggled to reclaim its all-time highs since then following a series of events. It came under pressure in May after tech billionaire Elon Musk, who has driven traders into frenzies by mentioning cryptos at times, said Tesla will stop using Bitcoin as a form of payment over concerns of the cryptocurrency's impact on fossil fuels.</p>\n<p>Since then, cryptos have gyrated as coins such as ethereum typically to move in tandem with bitcoin.</p>\n<p>In early June, bitcoin fell further amid concerns of its use in the Colonial Pipeline ransomware attack.</p>\n<p>Bitcoin, for instance, briefly touched $40,000 last week and fell again Monday after China's central bank deepened a crackdown on cryptocurrencies. China's central bank said it ordered some banks and payment firms, including China Construction Bank and Alipay, to crack down further on cryptocurrency trading.</p>\n<p>Bitcoin shed more than 10% on Monday, its largest one-day drop in over a month.</p>\n<p>How much have Bitcoin, Ethereum and Dogecoin lost in value?</p>\n<p>With Tuesday’s losses, bitcoin has slid more than 50% from its all-time high above $64,000 in mid-April. To be sure, bitcoin is still up more than 200% over the past 12 months.</p>\n<p>Ethereum has shed nearly 57% from its all time high of $4,356.99 in May while Dogecoin has shed more than 70% since it touched a record of about 73 cents last month, according to CoinGecko.</p>\n<p>Is more pain to come?</p>\n<p>Cryptos could be poised for further declines based on a closely watched indicator, according to technical analysts.</p>\n<p>Over the weekend, bitcoin formed a death cross, a chart pattern that signals the potential for a major sell-off. Bitcoin’s average price over the past 50 days fell below its 200-day moving average, which means there could be more pressure on the digital coin.</p>\n<p>\"Long-term bitcoin bulls are getting nervous as a break of $30,000 could see a tremendous amount of momentum selling,\" Edward Moya, senior market analyst at foreign-exchange trading service OANDA, said in a recent note. \"Many traders have waited for one more push lower, which could see crypto traders wait for a plunge towards the $20,000-$25,000 area.\"</p>\n<p><b>Elon Musk, Snoops Dogg and Mark Cuban love Dogecoin. Should you?:</b>How to stay safe when investing in cryptocurrency</p>\n<p>Some analysts think the May sell-off in bitcoin weakened institutional demand, which is likely to keep prices under pressure in the near term.</p>\n<p>\"There is little doubt that the boom and bust dynamics of the past weeks represent a setback to the institutional adoption of crypto markets and in particular of Bitcoin and Ethereum,” JPMorgan strategist Nikolaos Panigirtzoglou said in a report earlier this month.</p>\n<p>Still, some are using the recent decline in bitcoin as a buying opportunity. On Monday, MicroStrategy, enterprise software company, said it scooped up an additional $489 million worth of bitcoin, bringing its total holdings to 105,085 bitcoins.</p>\n<p>Are cryptos right for you?</p>\n<p>First-time investors should proceed with caution. Piling all of your nest egg into something as volatile as cryptocurrencies poses big risks to your retirement, experts say. Wealth managers and finance experts have long been skeptical of these speculative investments for amateur investors due to their extreme swings.</p>\n<p>In 2013, bitcoin began trading around $13 and spiked to more than $1,000 by December. In late 2017, the digital token surged to nearly $20,000, before crashing to almost $3,000 the following year. What followed was a dizzying rise to above $64,000 in April 2021.</p>\n<p>Dogecoin has seen similar booms and swoons. It has ridden a similar Reddit-driven wave as stocks like GameStop and AMC in recent months, accelerated by a series of tweets by Musk, who was pumping the cryptocurrency.</p>\n<p><b>Cryptos are now in 401(k)s:</b>Are they the right investment for your nest egg?</p>\n<p>Even with the latest declines, the sharp rise in the value of bitcoin earlier this year has some analysts worried about a potential bubble in the cryptocurrency market, with bitcoin's price – at one point – more than doubling since the start of 2021.</p>\n<p>About 81% of fund managers polled in a recent Bank of America survey in June said bitcoin was still a bubble. That’s up from about 75% of managers who said so in May.</p>\n<p>“While there's no guarantee that Bitcoin will recover this time, those who believe in its long-term future may well see this decline as an opportunity to invest more,” James Royal, analyst at Bankrate.com, said in a note.</p>\n<p>\"Cryptocurrency traders, especially individuals, need to know the risks of what they own,\" Royal added. \"In some cases, the risks could be a complete loss of their investment.”</p>","source":"lsy1624439865427","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>Bitcoin briefly crashed again, wiping out 2021 gains. Here's why.</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\">\nBitcoin briefly crashed again, wiping out 2021 gains. Here's why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 17:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.usatoday.com/story/money/markets/2021/06/22/bitcoin-price-update-ethereum-dogecoin-crashing-heres-why/5304172001/><strong>USA Today</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrencies gyrated sharply Tuesday, extending a recent run of wild swings.\nFor the first time since January, bitcoin — the world’s most popular digital coin — briefly dropped below $30,000, a ...</p>\n\n<a href=\"https://www.usatoday.com/story/money/markets/2021/06/22/bitcoin-price-update-ethereum-dogecoin-crashing-heres-why/5304172001/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.usatoday.com/story/money/markets/2021/06/22/bitcoin-price-update-ethereum-dogecoin-crashing-heres-why/5304172001/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115716980","content_text":"Cryptocurrencies gyrated sharply Tuesday, extending a recent run of wild swings.\nFor the first time since January, bitcoin — the world’s most popular digital coin — briefly dropped below $30,000, a key level that technical analysts monitor. It erased its gains for 2021 before recovering to trade at $32,481.93, according to CoinGecko, a crypto market data site.\nBitcoin at one point shed more than 10% to trade as low as $29,154.73, losing more than half its value since hitting a record high in April. That's after a tremendous performance in 2020, with the digital currency surging more than 300%.\nOther cryptos joined the sell-off before paring losses, with ethereum, the second-biggest digital currency by market value, slumping more than 5%. Now it's ticked up 0.7% over the past 24 hours.\nThe selling also spilled over to smaller coins like Dogecoin, a meme-inspired crypto that at one point tumbled more than 25% to erase all of its gains since April. It has since cut declines and is down 1% in the past day.\nHere’s what drove the latest sell-off:\nWill Dogecoin go up or bust?:Here are 700 million reasons its bubble will burst.\nBitcoin is up, then down:But exactly how does it work?\nWhy are cryptos falling?\nAfter topping $64,000 in April, bitcoin has struggled to reclaim its all-time highs since then following a series of events. It came under pressure in May after tech billionaire Elon Musk, who has driven traders into frenzies by mentioning cryptos at times, said Tesla will stop using Bitcoin as a form of payment over concerns of the cryptocurrency's impact on fossil fuels.\nSince then, cryptos have gyrated as coins such as ethereum typically to move in tandem with bitcoin.\nIn early June, bitcoin fell further amid concerns of its use in the Colonial Pipeline ransomware attack.\nBitcoin, for instance, briefly touched $40,000 last week and fell again Monday after China's central bank deepened a crackdown on cryptocurrencies. China's central bank said it ordered some banks and payment firms, including China Construction Bank and Alipay, to crack down further on cryptocurrency trading.\nBitcoin shed more than 10% on Monday, its largest one-day drop in over a month.\nHow much have Bitcoin, Ethereum and Dogecoin lost in value?\nWith Tuesday’s losses, bitcoin has slid more than 50% from its all-time high above $64,000 in mid-April. To be sure, bitcoin is still up more than 200% over the past 12 months.\nEthereum has shed nearly 57% from its all time high of $4,356.99 in May while Dogecoin has shed more than 70% since it touched a record of about 73 cents last month, according to CoinGecko.\nIs more pain to come?\nCryptos could be poised for further declines based on a closely watched indicator, according to technical analysts.\nOver the weekend, bitcoin formed a death cross, a chart pattern that signals the potential for a major sell-off. Bitcoin’s average price over the past 50 days fell below its 200-day moving average, which means there could be more pressure on the digital coin.\n\"Long-term bitcoin bulls are getting nervous as a break of $30,000 could see a tremendous amount of momentum selling,\" Edward Moya, senior market analyst at foreign-exchange trading service OANDA, said in a recent note. \"Many traders have waited for one more push lower, which could see crypto traders wait for a plunge towards the $20,000-$25,000 area.\"\nElon Musk, Snoops Dogg and Mark Cuban love Dogecoin. Should you?:How to stay safe when investing in cryptocurrency\nSome analysts think the May sell-off in bitcoin weakened institutional demand, which is likely to keep prices under pressure in the near term.\n\"There is little doubt that the boom and bust dynamics of the past weeks represent a setback to the institutional adoption of crypto markets and in particular of Bitcoin and Ethereum,” JPMorgan strategist Nikolaos Panigirtzoglou said in a report earlier this month.\nStill, some are using the recent decline in bitcoin as a buying opportunity. On Monday, MicroStrategy, enterprise software company, said it scooped up an additional $489 million worth of bitcoin, bringing its total holdings to 105,085 bitcoins.\nAre cryptos right for you?\nFirst-time investors should proceed with caution. Piling all of your nest egg into something as volatile as cryptocurrencies poses big risks to your retirement, experts say. Wealth managers and finance experts have long been skeptical of these speculative investments for amateur investors due to their extreme swings.\nIn 2013, bitcoin began trading around $13 and spiked to more than $1,000 by December. In late 2017, the digital token surged to nearly $20,000, before crashing to almost $3,000 the following year. What followed was a dizzying rise to above $64,000 in April 2021.\nDogecoin has seen similar booms and swoons. It has ridden a similar Reddit-driven wave as stocks like GameStop and AMC in recent months, accelerated by a series of tweets by Musk, who was pumping the cryptocurrency.\nCryptos are now in 401(k)s:Are they the right investment for your nest egg?\nEven with the latest declines, the sharp rise in the value of bitcoin earlier this year has some analysts worried about a potential bubble in the cryptocurrency market, with bitcoin's price – at one point – more than doubling since the start of 2021.\nAbout 81% of fund managers polled in a recent Bank of America survey in June said bitcoin was still a bubble. That’s up from about 75% of managers who said so in May.\n“While there's no guarantee that Bitcoin will recover this time, those who believe in its long-term future may well see this decline as an opportunity to invest more,” James Royal, analyst at Bankrate.com, said in a note.\n\"Cryptocurrency traders, especially individuals, need to know the risks of what they own,\" Royal added. \"In some cases, the risks could be a complete loss of their investment.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121986609,"gmtCreate":1624449576801,"gmtModify":1703837001655,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121986609","repostId":"2145245069","repostType":4,"repost":{"id":"2145245069","kind":"news","pubTimestamp":1624440002,"share":"https://ttm.financial/m/news/2145245069?lang=&edition=fundamental","pubTime":"2021-06-23 17:20","market":"us","language":"en","title":"Why Nvidia Is Pursuing ARM — and What It Means for the Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2145245069","media":"TipRanks","summary":"Last year, when Nvidia (NVDA) announced it intended to acquire UK chip designer ARM for $40 billion,","content":"<div>\n<p>Last year, when Nvidia (NVDA) announced it intended to acquire UK chip designer ARM for $40 billion, it set up the prospect of the chip giant becoming, well, even bigger. The addition of ARM’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-nvidia-pursuing-arm-means-233302291.html\">Web Link</a>\n\n</div>\n","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>Why Nvidia Is Pursuing ARM — and What It Means for the Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Nvidia Is Pursuing ARM — and What It Means for the Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-nvidia-pursuing-arm-means-233302291.html><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last year, when Nvidia (NVDA) announced it intended to acquire UK chip designer ARM for $40 billion, it set up the prospect of the chip giant becoming, well, even bigger. The addition of ARM’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-nvidia-pursuing-arm-means-233302291.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://finance.yahoo.com/news/why-nvidia-pursuing-arm-means-233302291.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145245069","content_text":"Last year, when Nvidia (NVDA) announced it intended to acquire UK chip designer ARM for $40 billion, it set up the prospect of the chip giant becoming, well, even bigger. The addition of ARM’s semiconductor IP portfolio should add another arrow to the quiver, especially when considering ARM’s large exposure to the mobile device market.\nSince the deal still needs to be approved by the U.S., UK., European and Chinese regulators, it is uncertain whether the acquisition will eventually go through. In fact, Evercore's C.J. Muse thinks investors have a downbeat view regarding the deal’s prospects.\n“We continue to think the market views the probability of a merger here as very low, which means there is very little of the benefit from ARM embedded in NVDA’s shares,” the 5-star analyst said. “Thus, we continue to view a successful completion of the ARM transaction as a free call option to investors.”\nIt’s not only Muse who is trying to convince investors they will benefit from the merger. Nvidia has been on the front foot trying to explain why an Nvidia/Arm pairing would ultimately benefit ARM’s customers and investors, alike.\nMuse laid out the pitch, explaining that as a data-oriented economy becomes more prevalent across the globe, increasingly sophisticated frameworks are continuing to sprout. And with each passing day, as the number of end applications gets pushed further ahead by this continuous innovation, it is “becoming more difficult for ARM to address these growth vectors on its own.”\n“That is why it needs NVDA,” says Muse “Who can offer a resource-rich platform of GPU/DPU hardware and an accelerated software stack – a great complementary to ARM’s world class portfolio of CPU IP.”\nWhat’s more, the cost of this technological innovation can be reduced, by ARM customers being able to leverage NVDA’s pre-built platform to “invest R&D dollars in more specialized tasks.”\nAs for the regulatory hurdles, Muse says Nvidia remains upbeat on gaining approval from all geographies, “in particular, the UK and China.”\nAs such, Nvidia remains a \"top pick\" for Muse, who has an Outperform (i.e. Buy) rating for the shares and a $750 price target. Muse might be an Nvidia bull, but his current price target implies shares will remain range-bound for the time being. (To watch Muse’ track record, click here)\nIt’s a similar story when looking at the rest of the Street’s Nvidia reviews. The analysts’ average price target is $740, indicating minimal downside for the shares over the next 12-months. However, somewhat confusingly, rating wise, almost all are positive. Barring one Hold, the stock’s Strong Buy consensus rating is based on 27 Buys. It will be interesting to see whether the analysts downgrade their ratings or upgrade price targets over the coming months. (See Nvidia stock analysis on TipRanks)\n\nTo find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121915524,"gmtCreate":1624449152368,"gmtModify":1703836990544,"author":{"id":"4087544583770050","authorId":"4087544583770050","name":"ChaiWei","avatar":"https://static.tigerbbs.com/e71252722c7e0285e021b28457ee8349","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087544583770050","idStr":"4087544583770050"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121915524","repostId":"1186919064","repostType":2,"repost":{"id":"1186919064","kind":"news","pubTimestamp":1624352931,"share":"https://ttm.financial/m/news/1186919064?lang=&edition=fundamental","pubTime":"2021-06-22 17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></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>Will Disney Stock Split This 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\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}