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RichDen

RichDen

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2022-08-03

$Grab Holdings(GRAB)$slighly slow as per what i looking for 3.0 by end july, but looks good and on track to hit 3.5 buy mid Aug. 😊👍

2022-06-22

$Grab Holdings(GRAB)$looks like is slowly gaining the strength.... let's wait for the bulls call..... Mmmmuuuuuu! 😆😁

2022-07-08

$Grab Holdings(GRAB)$i still think there are more rooms to pickup once overall market open up.... but recession maybe next challenge.... let's see if the holding point at 3.0

2022-10-23

$OCEANUS GROUP LIMITED(579.SI)$looks like the year end sales is going to give this stock a booster

2022-06-08

$NIO Inc.(NIO.SI)$this stock is shooting like a rocket..... maybe preparing to delist from US market?

2022-06-07

$Pinduoduo Inc.(PDD)$looks like the community works work well... Great platform for the mid and low income families

01-05

$SamuderaShipping(S56.SI)$ looks there is something boiling up.... 🌋🌋🌋↗️↗️↗️

03-28

$Lendlease Reit(JYEU.SI)$

2022-11-03

Soon we may have AppleWorld or AppleHome..... maybe sooner AppleDrive

Apple's Resilience Is Unjustified - Here Is Why

2022-04-11

Seen 2018 I've stop buying iPhones after so many years.... and I know the reason now.

Apple Starts Manufacturing iphone 13 in India

2022-02-26

Come invest in Singapore.... we have one of Best elites Millionaire Govt in the world...

Berkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%

2021-08-01

Should we hold more USD now?

SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch

2022-04-14

Really positive news?? How about any negative news... like how shanghai lockdown is going to affect the production? Where this Roadster going to be produced? How safe when u top the speed? What the other super car brand action?

The Roadster Is Tesla and Elon Musk's New Cash Machine

2022-03-23

$Yunji(YJ)$ let's see if end of this week.... break point 150...

2022-02-28

Inflation is going to make history.... as US may need to slow down interest rate increase.... Best time to sell their oil reserves for the best profit.[Like] [Allin] [Miser]

WTI Crude Rose More Than 7% to $98.1 a Barrel, Brent Rose 6.81%

2022-04-04

$Grab Holdings(GRAB)$ hope this bull is ready to Charge! Look up for 450 break point

2022-02-27

Wait... the game has just started... let's stay cool.. 😊

US IPO Week Ahead: The March IPO Market Starts with a Quiet Week

2021-08-06

Like please

Uber, Lyft take different spending routes in race to add drivers

Go to Tiger App to see more news

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Reit(JYEU.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Lendlease Reit(JYEU.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289182469713920","isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":281597244514504,"gmtCreate":1709777840290,"gmtModify":1709777844611,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Next level going to hit $1000","listText":"Next level going to hit $1000","text":"Next level going to hit $1000","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281597244514504","repostId":"2417250863","repostType":4,"repost":{"id":"2417250863","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1709771400,"share":"https://www.laohu8.com/m/news/2417250863?lang=&edition=full","pubTime":"2024-03-07 08:30","market":"us","language":"en","title":"Nvidia Stock Gains Again. Why This Could Be the Next Catalyst","url":"https://stock-news.laohu8.com/highlight/detail?id=2417250863","media":"Dow Jones","summary":"Nvidia stock gained again on Wednesday. The chip maker showed its resilience Tuesday, climbing despite a broader tech sector selloff, and also looked to be capitalizing on a market rebound Wednesday.N","content":"<html><head></head><body><p style=\"text-align: start;\">Nvidia stock gained again on Wednesday. The chip maker showed its resilience Tuesday, climbing despite a broader tech sector selloff, and also looked to be capitalizing on a market rebound Wednesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/32ac159d1ab053738475e21847c84072\" alt=\"Nvidia stock was the only member of the Magnificent 7 to rise Tuesday.\" title=\"Nvidia stock was the only member of the Magnificent 7 to rise Tuesday.\" tg-width=\"955\" tg-height=\"633\"/><span>Nvidia stock was the only member of the Magnificent 7 to rise Tuesday.</span></p><p style=\"text-align: start;\">Nvidia shares jumped 3.2% to $887 on Wednesday. The rest of the so-called Magnificent 7 fell Tuesday as the technology-heavy Nasdaq Composite index tumbled 1.7%. But Nvidia stood tall. </p><p>The stock closed up 0.9% at $859.64 on Tuesday, leaving the company valued at $2.15 trillion. In contrast, Apple shares fell 2.8%, Microsoft declined 3%, and Tesla slipped 4%.</p><p>Nvidia’s shares spent much of Tuesday’s trading session in the red, though, before mounting a late rally even in the face of broader industry weakness.</p><p>Investors may already be looking ahead to Nvidia’s AI conference later this month—beginning on March 18—as the next potential catalyst for the shares.</p><p>“Given the role AI has played in driving the sector’s recent gains, we continue to believe events like [these] could serve as meaningful catalysts (and we point to Nvidia’s short-term volatility term structure as supportive of the idea that investors are focused on that AI event,” said Susquehanna analyst Christopher Jacobson.</p><p>Other chip makers also climbed on Wednesday. Advanced Micro Devices rose 2.7%, Intel climbed 3.1%, and Marvell Technology rose 3.4%.</p><p>Nvidia shares have risen 79% this year to date through Wednesday’s close. That compares with a 7% increase in the S&amp;P 500 Index and a 6.8% rise in the Nasdaq Composite over the same period.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Stock Gains Again. Why This Could Be the Next Catalyst</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\">\nNvidia Stock Gains Again. Why This Could Be the Next Catalyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-03-07 08:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Nvidia stock gained again on Wednesday. The chip maker showed its resilience Tuesday, climbing despite a broader tech sector selloff, and also looked to be capitalizing on a market rebound Wednesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/32ac159d1ab053738475e21847c84072\" alt=\"Nvidia stock was the only member of the Magnificent 7 to rise Tuesday.\" title=\"Nvidia stock was the only member of the Magnificent 7 to rise Tuesday.\" tg-width=\"955\" tg-height=\"633\"/><span>Nvidia stock was the only member of the Magnificent 7 to rise Tuesday.</span></p><p style=\"text-align: start;\">Nvidia shares jumped 3.2% to $887 on Wednesday. The rest of the so-called Magnificent 7 fell Tuesday as the technology-heavy Nasdaq Composite index tumbled 1.7%. But Nvidia stood tall. </p><p>The stock closed up 0.9% at $859.64 on Tuesday, leaving the company valued at $2.15 trillion. In contrast, Apple shares fell 2.8%, Microsoft declined 3%, and Tesla slipped 4%.</p><p>Nvidia’s shares spent much of Tuesday’s trading session in the red, though, before mounting a late rally even in the face of broader industry weakness.</p><p>Investors may already be looking ahead to Nvidia’s AI conference later this month—beginning on March 18—as the next potential catalyst for the shares.</p><p>“Given the role AI has played in driving the sector’s recent gains, we continue to believe events like [these] could serve as meaningful catalysts (and we point to Nvidia’s short-term volatility term structure as supportive of the idea that investors are focused on that AI event,” said Susquehanna analyst Christopher Jacobson.</p><p>Other chip makers also climbed on Wednesday. Advanced Micro Devices rose 2.7%, Intel climbed 3.1%, and Marvell Technology rose 3.4%.</p><p>Nvidia shares have risen 79% this year to date through Wednesday’s close. That compares with a 7% increase in the S&amp;P 500 Index and a 6.8% rise in the Nasdaq Composite over the same period.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4574":"无人驾驶","LU2063271972.USD":"富兰克林创新领域基金","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4573":"虚拟现实","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4581":"高盛持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0444971666.USD":"天利全球科技基金","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","BK4592":"伊斯兰概念","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","NVDA":"英伟达","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2417250863","content_text":"Nvidia stock gained again on Wednesday. The chip maker showed its resilience Tuesday, climbing despite a broader tech sector selloff, and also looked to be capitalizing on a market rebound Wednesday.Nvidia stock was the only member of the Magnificent 7 to rise Tuesday.Nvidia shares jumped 3.2% to $887 on Wednesday. The rest of the so-called Magnificent 7 fell Tuesday as the technology-heavy Nasdaq Composite index tumbled 1.7%. But Nvidia stood tall. The stock closed up 0.9% at $859.64 on Tuesday, leaving the company valued at $2.15 trillion. In contrast, Apple shares fell 2.8%, Microsoft declined 3%, and Tesla slipped 4%.Nvidia’s shares spent much of Tuesday’s trading session in the red, though, before mounting a late rally even in the face of broader industry weakness.Investors may already be looking ahead to Nvidia’s AI conference later this month—beginning on March 18—as the next potential catalyst for the shares.“Given the role AI has played in driving the sector’s recent gains, we continue to believe events like [these] could serve as meaningful catalysts (and we point to Nvidia’s short-term volatility term structure as supportive of the idea that investors are focused on that AI event,” said Susquehanna analyst Christopher Jacobson.Other chip makers also climbed on Wednesday. Advanced Micro Devices rose 2.7%, Intel climbed 3.1%, and Marvell Technology rose 3.4%.Nvidia shares have risen 79% this year to date through Wednesday’s close. That compares with a 7% increase in the S&P 500 Index and a 6.8% rise in the Nasdaq Composite over the same period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":277542385270824,"gmtCreate":1708785369380,"gmtModify":1708785374333,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"all about money.... even stock price drop is earningz","listText":"all about money.... even stock price drop is earningz","text":"all about money.... even stock price drop is earningz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/277542385270824","repostId":"1190025101","repostType":2,"repost":{"id":"1190025101","pubTimestamp":1708779600,"share":"https://www.laohu8.com/m/news/1190025101?lang=&edition=full","pubTime":"2024-02-24 21:00","market":"us","language":"en","title":"Berkshire Hathaway Q4 Operating Earnings Climb 28%, Cash Pile Tops $167B","url":"https://stock-news.laohu8.com/highlight/detail?id=1190025101","media":"Seeking Alpha","summary":"Berkshire Hathaway   Q4 operating earnings rose 28% from a year ago, driven by improvements in insurance underwriting and investment income, which more than offset declines at its railroad, utilities and energy, and other businesses.The company doubled the amount of its common stock in repurchased to $2.2B during the quarter compared with $1.1B in Q3, bringing 2023 purchases to $9.2B.The investment titan held ~$167.6B in cash and short-term securities on its balance sheet as of Dec. 31, 2023, cl","content":"<html><head></head><body><p style=\"text-align: left;\">Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) Q4 operating earnings rose 28% from a year ago, driven by improvements in insurance underwriting and investment income, which more than offset declines at its railroad, utilities and energy, and other businesses, the company disclosed on Saturday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/caa796cfbc0fc7933b41f5da7c02b693\" alt=\"\" title=\"\" tg-width=\"750\" tg-height=\"500\"/></p><p style=\"text-align: left;\">The company doubled the amount of its common stock it repurchased to $2.2B during the quarter compared with $1.1B in Q3, bringing 2023 purchases to $9.2B.</p><p style=\"text-align: left;\">The investment titan held ~$167.6B in cash and short-term securities on its balance sheet as of Dec. 31, 2023, climbing from $157B at Sept. 30.</p><p style=\"text-align: left;\">Q4 operating income of $8.48B declined from $10.8B in Q3 and increased from $6.63B a year ago. Insurance underwriting income more than quintupled, while its insurance investment income increased by 38%.</p><p style=\"text-align: left;\">Insurance float stood at ~$169B at Dec. 31, 2023, up from $167B at Sept. 30 and $164B at Dec. 31, 2022.</p><p style=\"text-align: left;\">Operating income by segment vs. a year ago:</p><ul style=\"\"><li><p>Insurance - underwriting: $848M vs. $160M</p></li><li><p>Insurance - investment income: $2.76B vs. $2.00B</p></li><li><p>Railroad: $1.36B vs. $1.47B</p></li><li><p>Utilities and energy: $632M vs. $739M</p></li><li><p>Other businesses: $3.69B vs. $3.71B</p></li><li><p>Other: -$804M vs. -$1.45B</p></li></ul><p style=\"text-align: left;\">Investment and derivative gains, most of which are unrealized, surged to $29.1B in Q4, compared with losses of $23.5B in Q3 and gains of $11.5B in Q4 2022.</p><p style=\"text-align: left;\">Looking at Berkshire&#39;s (BRK.B) investmens in equities, ~79% of the portfolio&#39;s fair value was concentrated in five companies — Apple (AAPL) - $174.3B; Bank of America (BAC) - $34.8B; American Express (AXP) - $28.4B, Coca-Cola (KO) - $23.6B, and Chevron (CVX) - $18.8B. That compares with 78% concentration in the same five companies as of Sept. 30, 2023.</p><p style=\"text-align: left;\">Its stake in Occidental Petroleum (OXY) rose to $14.5B, at fair value from $12.2B at Dec. 31, 2022. Meanwhile, its holdings in Kraft Heinz (KHC) declined to $12.0B, at fair value, from $13.2B.</p><h3 id=\"id_4278353880\" style=\"text-align: left;\">2023&#39;s Earnings Disappointments</h3><p style=\"text-align: left;\">In Warren Buffett&#39;s annual letter to shareholders, also released on Saturday, he points to disappointments in the company&#39;s full-year 2023 earnings — its railroad, BNSF, and Berkshire Hathaway Energy (&#34;BHE&#34;).</p><p style=\"text-align: left;\">&#34;Last year BNSF’s earnings declined more than I expected, as revenues fell,&#34; Buffett wrote. &#34;Though fuel costs also fell, wage increases, promulgated in Washington, were far beyond the country’s inflation goals. This differential may recur in future negotiations.&#34; Still, he sticks by Berkshire&#39;s commitment to the business. &#34;A century from now, BNSF will continue to be a major asset of the country and of Berkshire. You can count on that.&#34;</p><p style=\"text-align: left;\">At BHE, most of its large electric-utility businesses, as well as its gas pipelines, &#34;performed about as expected,&#34; he said. However, &#34;the regulatory climate in a few states has raised the specter of zero profitability or even bankruptcy.&#34;</p><p style=\"text-align: left;\">&#34;Now, the fixed-but-satisfactory-return pact has been broken in a few states, and investors are becoming apprehensive that such ruptures may spread. Climate change adds to their worries,&#34; Buffett wrote.</p><p style=\"text-align: left;\">He estimates it will be &#34;many years&#34; until BHE knows its final forest-fire losses and &#34;can intelligently make decisions about the desirability of future investments in vulnerable western states.&#34;</p><p style=\"text-align: left;\">He questions whether utilities will continue to operate in the private sector. &#34;Whatever the case at Berkshire, the final result for the utility industry may be ominous: Certain utilities might no longer attract the savings of American citizens and will be forced to adopt the public-power model.&#34;</p><h3 id=\"id_4178025112\" style=\"text-align: left;\">2023 Insurance Gains</h3><p style=\"text-align: left;\">For the year, Berkshire&#39;s (BRK.B) insurance operations posted insurance underwriting after-tax earnings of $5.43B compared with a $30M loss in 2022, benefiting from low losses for significant catastrophe events, premium rate inreases, and lower claims frequencies.</p><p style=\"text-align: left;\">GEICO&#39;s 2023 pretax underwriting earnings swung to positive $3.64B from a $1.88B loss in 2022, bolstered by higher average premiums per auto policy, lower claims frequencies, reductions in prior accident years&#39; claims estimates, and lower advertising costs. Inflation, though, tempered those factors. Average claims severities continued to increase in 2023 on higher auto repair parts prices, labor costs, and medical inflation.</p><p style=\"text-align: left;\">At GEICO, premiums written rose to $39.8B from $39.1B in 2022. Losses and loss adjustment expenses declined to $31.8B from $36.3B, while underwriting expenses of $35.6B fell from $40.9B.</p><p style=\"text-align: left;\">After-tax earnings from insurance investment income rose 48% to $9.57B from $6.48B in 2022, helped by higher interest rates in its short-term investments, likely its Treasury bill holdings. Dividend income slipped to $5.50B from $6.04B in the prior year, while interest and other investment income surged to $6.08B from $1.69B.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway Q4 Operating Earnings Climb 28%, Cash Pile Tops $167B</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\">\nBerkshire Hathaway Q4 Operating Earnings Climb 28%, Cash Pile Tops $167B\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-24 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4071372-berkshire-hathaway-q4-operating-earning-climb-28-cash-pile-tops-167b><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) Q4 operating earnings rose 28% from a year ago, driven by improvements in insurance underwriting and investment income, which more than offset declines at ...</p>\n\n<a href=\"https://seekingalpha.com/news/4071372-berkshire-hathaway-q4-operating-earning-climb-28-cash-pile-tops-167b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://seekingalpha.com/news/4071372-berkshire-hathaway-q4-operating-earning-climb-28-cash-pile-tops-167b","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1190025101","content_text":"Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) Q4 operating earnings rose 28% from a year ago, driven by improvements in insurance underwriting and investment income, which more than offset declines at its railroad, utilities and energy, and other businesses, the company disclosed on Saturday.The company doubled the amount of its common stock it repurchased to $2.2B during the quarter compared with $1.1B in Q3, bringing 2023 purchases to $9.2B.The investment titan held ~$167.6B in cash and short-term securities on its balance sheet as of Dec. 31, 2023, climbing from $157B at Sept. 30.Q4 operating income of $8.48B declined from $10.8B in Q3 and increased from $6.63B a year ago. Insurance underwriting income more than quintupled, while its insurance investment income increased by 38%.Insurance float stood at ~$169B at Dec. 31, 2023, up from $167B at Sept. 30 and $164B at Dec. 31, 2022.Operating income by segment vs. a year ago:Insurance - underwriting: $848M vs. $160MInsurance - investment income: $2.76B vs. $2.00BRailroad: $1.36B vs. $1.47BUtilities and energy: $632M vs. $739MOther businesses: $3.69B vs. $3.71BOther: -$804M vs. -$1.45BInvestment and derivative gains, most of which are unrealized, surged to $29.1B in Q4, compared with losses of $23.5B in Q3 and gains of $11.5B in Q4 2022.Looking at Berkshire's (BRK.B) investmens in equities, ~79% of the portfolio's fair value was concentrated in five companies — Apple (AAPL) - $174.3B; Bank of America (BAC) - $34.8B; American Express (AXP) - $28.4B, Coca-Cola (KO) - $23.6B, and Chevron (CVX) - $18.8B. That compares with 78% concentration in the same five companies as of Sept. 30, 2023.Its stake in Occidental Petroleum (OXY) rose to $14.5B, at fair value from $12.2B at Dec. 31, 2022. Meanwhile, its holdings in Kraft Heinz (KHC) declined to $12.0B, at fair value, from $13.2B.2023's Earnings DisappointmentsIn Warren Buffett's annual letter to shareholders, also released on Saturday, he points to disappointments in the company's full-year 2023 earnings — its railroad, BNSF, and Berkshire Hathaway Energy (\"BHE\").\"Last year BNSF’s earnings declined more than I expected, as revenues fell,\" Buffett wrote. \"Though fuel costs also fell, wage increases, promulgated in Washington, were far beyond the country’s inflation goals. This differential may recur in future negotiations.\" Still, he sticks by Berkshire's commitment to the business. \"A century from now, BNSF will continue to be a major asset of the country and of Berkshire. You can count on that.\"At BHE, most of its large electric-utility businesses, as well as its gas pipelines, \"performed about as expected,\" he said. However, \"the regulatory climate in a few states has raised the specter of zero profitability or even bankruptcy.\"\"Now, the fixed-but-satisfactory-return pact has been broken in a few states, and investors are becoming apprehensive that such ruptures may spread. Climate change adds to their worries,\" Buffett wrote.He estimates it will be \"many years\" until BHE knows its final forest-fire losses and \"can intelligently make decisions about the desirability of future investments in vulnerable western states.\"He questions whether utilities will continue to operate in the private sector. \"Whatever the case at Berkshire, the final result for the utility industry may be ominous: Certain utilities might no longer attract the savings of American citizens and will be forced to adopt the public-power model.\"2023 Insurance GainsFor the year, Berkshire's (BRK.B) insurance operations posted insurance underwriting after-tax earnings of $5.43B compared with a $30M loss in 2022, benefiting from low losses for significant catastrophe events, premium rate inreases, and lower claims frequencies.GEICO's 2023 pretax underwriting earnings swung to positive $3.64B from a $1.88B loss in 2022, bolstered by higher average premiums per auto policy, lower claims frequencies, reductions in prior accident years' claims estimates, and lower advertising costs. Inflation, though, tempered those factors. Average claims severities continued to increase in 2023 on higher auto repair parts prices, labor costs, and medical inflation.At GEICO, premiums written rose to $39.8B from $39.1B in 2022. Losses and loss adjustment expenses declined to $31.8B from $36.3B, while underwriting expenses of $35.6B fell from $40.9B.After-tax earnings from insurance investment income rose 48% to $9.57B from $6.48B in 2022, helped by higher interest rates in its short-term investments, likely its Treasury bill holdings. Dividend income slipped to $5.50B from $6.04B in the prior year, while interest and other investment income surged to $6.08B from $1.69B.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":266877169856528,"gmtCreate":1706165463488,"gmtModify":1706165468731,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"If I have so many choices of China brand EVs , why should I buy Tesla?&nbsp;","listText":"If I have so many choices of China brand EVs , why should I buy Tesla?&nbsp;","text":"If I have so many choices of China brand EVs , why should I buy Tesla?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/266877169856528","repostId":"2406778232","repostType":2,"repost":{"id":"2406778232","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1706164500,"share":"https://www.laohu8.com/m/news/2406778232?lang=&edition=full","pubTime":"2024-01-25 14:35","market":"nz","language":"en","title":"Chinese EV Maker Stocks Fall as Tesla Outlook Weighs","url":"https://stock-news.laohu8.com/highlight/detail?id=2406778232","media":"Dow Jones","summary":"Shares of Chinese electric-vehicle markers were lower at midday on Thursday after industry leader Tesla's latest results and its outlook for 2024 reaffirmed investor worries about slowing demand in China.NIO led declines in Hong Kong trade, dropping 5.3%, while Xpeng fell 4.4% and Li Auto lost 1.7%. BYD dropped 1.3% and Great Wall Motor was down 2.9%.\"Considering Tesla's exposure in China and its results and outlook, that more or less confirms the concerns regarding China auto market this year,\" said Nomura auto analysts Joel Ying and Frank Fan.Daiwa analyst Kelvin Lau attributed some of the reasons for Chinese EV stocks' weakness to the overall sector outlook, including likely slower growth in 2024 and margin pressure.On Wednesday, Tesla warned of \"notably\" slower growth this year and said its profit margin took a hit in the fourth quarter. Analysts said other players in the EV space will face profit margin pressures similar to Tesla due to increasing competition and price cuts.Citi a","content":"<html><head></head><body><p>Shares of Chinese electric-vehicle markers were lower at midday on Thursday after industry leader Tesla&#39;s latest results and its outlook for 2024 reaffirmed investor worries about slowing demand in China.</p><p>NIO led declines in Hong Kong trade, dropping 4.8%, while Xpeng fell 4.2% and Li Auto lost 0.4%. BYD dropped 1% and Great Wall Motor was down 1.4%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28e4565c5f9a542b0e8a9e4cde7e100b\" tg-width=\"275\" tg-height=\"222\"/></p><p>&#34;Considering Tesla&#39;s exposure in China and its results and outlook, that more or less confirms the concerns regarding China auto market this year,&#34; said Nomura auto analysts Joel Ying and Frank Fan.</p><p>Daiwa analyst Kelvin Lau attributed some of the reasons for Chinese EV stocks&#39; weakness to the overall sector outlook, including likely slower growth in 2024 and margin pressure.</p><p>On Wednesday, Tesla warned of &#34;notably&#34; slower growth this year and said its profit margin took a hit in the fourth quarter. Analysts said other players in the EV space will face profit margin pressures similar to Tesla due to increasing competition and price cuts.</p><p>Earlier this month, Tesla lowered prices for some models in Europe and China, which triggered share-price drops for European and Chinese auto stocks.</p><p>Citi analyst Jeff Chung said in a note that EV brands&#39; order intake last week was generally in a range of flat to 10% lower from the prior month, citing the bank&#39;s industry checks.</p><p>In a report, research firm Canalys estimated that the global EV market is set to grow 27.1% in terms of sales, slower than the forecast 29% growth in 2023. China will remain the largest EV market, with EV penetration expected to reach 40% in 2024, it said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese EV Maker Stocks Fall as Tesla Outlook Weighs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese EV Maker Stocks Fall as Tesla Outlook Weighs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-01-25 14:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of Chinese electric-vehicle markers were lower at midday on Thursday after industry leader Tesla&#39;s latest results and its outlook for 2024 reaffirmed investor worries about slowing demand in China.</p><p>NIO led declines in Hong Kong trade, dropping 4.8%, while Xpeng fell 4.2% and Li Auto lost 0.4%. BYD dropped 1% and Great Wall Motor was down 1.4%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28e4565c5f9a542b0e8a9e4cde7e100b\" tg-width=\"275\" tg-height=\"222\"/></p><p>&#34;Considering Tesla&#39;s exposure in China and its results and outlook, that more or less confirms the concerns regarding China auto market this year,&#34; said Nomura auto analysts Joel Ying and Frank Fan.</p><p>Daiwa analyst Kelvin Lau attributed some of the reasons for Chinese EV stocks&#39; weakness to the overall sector outlook, including likely slower growth in 2024 and margin pressure.</p><p>On Wednesday, Tesla warned of &#34;notably&#34; slower growth this year and said its profit margin took a hit in the fourth quarter. Analysts said other players in the EV space will face profit margin pressures similar to Tesla due to increasing competition and price cuts.</p><p>Earlier this month, Tesla lowered prices for some models in Europe and China, which triggered share-price drops for European and Chinese auto stocks.</p><p>Citi analyst Jeff Chung said in a note that EV brands&#39; order intake last week was generally in a range of flat to 10% lower from the prior month, citing the bank&#39;s industry checks.</p><p>In a report, research firm Canalys estimated that the global EV market is set to grow 27.1% in terms of sales, slower than the forecast 29% growth in 2023. China will remain the largest EV market, with EV penetration expected to reach 40% in 2024, it said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81211":"比亚迪股份-R","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","TSLL":"Direxion Daily TSLA Bull 2X Shares","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","BK4505":"高瓴资本持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4099":"汽车制造商","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","02333":"长城汽车","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK1540":"电池","BK0196":"行业龙头","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","XPEV":"小鹏汽车","02015":"理想汽车-W","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4592":"伊斯兰概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK0072":"苹果","BK4585":"ETF&股票定投概念","BK4555":"新能源车","01211":"比亚迪股份","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","TSLA":"特斯拉","09866":"蔚来-SW","BK4509":"腾讯概念","09868":"小鹏汽车-W","NIO":"蔚来","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4527":"明星科技股","NIO.SI":"蔚来","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","BK0188":"融资融券","BK4588":"碎股","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","LI":"理想汽车","BYDDY":"比亚迪ADR","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4551":"寇图资本持仓","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2406778232","content_text":"Shares of Chinese electric-vehicle markers were lower at midday on Thursday after industry leader Tesla's latest results and its outlook for 2024 reaffirmed investor worries about slowing demand in China.NIO led declines in Hong Kong trade, dropping 4.8%, while Xpeng fell 4.2% and Li Auto lost 0.4%. BYD dropped 1% and Great Wall Motor was down 1.4%.\"Considering Tesla's exposure in China and its results and outlook, that more or less confirms the concerns regarding China auto market this year,\" said Nomura auto analysts Joel Ying and Frank Fan.Daiwa analyst Kelvin Lau attributed some of the reasons for Chinese EV stocks' weakness to the overall sector outlook, including likely slower growth in 2024 and margin pressure.On Wednesday, Tesla warned of \"notably\" slower growth this year and said its profit margin took a hit in the fourth quarter. Analysts said other players in the EV space will face profit margin pressures similar to Tesla due to increasing competition and price cuts.Earlier this month, Tesla lowered prices for some models in Europe and China, which triggered share-price drops for European and Chinese auto stocks.Citi analyst Jeff Chung said in a note that EV brands' order intake last week was generally in a range of flat to 10% lower from the prior month, citing the bank's industry checks.In a report, research firm Canalys estimated that the global EV market is set to grow 27.1% in terms of sales, slower than the forecast 29% growth in 2023. China will remain the largest EV market, with EV penetration expected to reach 40% in 2024, it said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260059130814704,"gmtCreate":1704501362810,"gmtModify":1704501366720,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Expected&nbsp;","listText":"Expected&nbsp;","text":"Expected","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260059130814704","repostId":"1179706618","repostType":2,"repost":{"id":"1179706618","pubTimestamp":1704499306,"share":"https://www.laohu8.com/m/news/1179706618?lang=&edition=full","pubTime":"2024-01-06 08:01","language":"en","title":"Bitcoin ETF Issuers Clear Major Hurdle on Path to SEC Approval","url":"https://stock-news.laohu8.com/highlight/detail?id=1179706618","media":"Bloomberg","summary":"Firms looking to launch spot-Bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from US regulators in coming days.Securities and Exchange Commission staff t","content":"<html><head></head><body><p>Firms looking to launch spot-Bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from US regulators in coming days.</p><p>Securities and Exchange Commission staff told several exchanges and issuers seeking to list the ETFs that they should submit a final version of a key document as soon as Friday, according to four people familiar with the matter who asked not to be named because the discussions are private. The staff had no additional feedback on the paperwork for several of the firms after the latest amendments, two of the people said.</p><p style=\"text-align: start;\">The documents are what are known as 19b-4 filings, which are proposals for rule changes on stock exchanges that will allow the ETFs to be traded. A flood of these updated documents were posted Friday evening, including for ETFs from BlackRock Inc., Grayscale Investments and others.</p><p style=\"text-align: start;\">The SEC commissioners are expected to vote on the exchange-rule filings next week, according to another person familiar with the process. Often, ETF approvals can be delegated to SEC staff without a vote by commissioners. It’s unclear if SEC staff had no additional feedback for all of the firms’ 19b-4 filings.</p><p style=\"text-align: start;\">The issuers also need the SEC to sign-off on the final versions of their S-1 filings, which are the prospectus documents for the ETFs. The SEC gave issuers a deadline of Monday at 8 a.m. Washington time to file updated S-1s, one of the people said. SEC approval of the 19b-4 and S-1 forms may or may not happen at the same time, though typically the S-1s are approved after the 19b-4s.</p><p style=\"text-align: start;\">A representative for the SEC declined to comment.</p><p style=\"text-align: start;\">Should both approvals be obtained, the ETFs could start trading as soon as the next business day.</p><p style=\"text-align: start;\">Last week, multiple issuers, including BlackRock Inc. and Fidelity, submitted amended S-1 filings to name their authorized participants — broker-dealers responsible for handling the creation and redemption of baskets of shares for ETFs. While the step is typically taken for granted in traditional ETF creations, it drew attention in Bitcoin ETF applications because some industry watchers had expressed concerns that Bitcoin funds would have a harder time attracting broker-dealers.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin ETF Issuers Clear Major Hurdle on Path to SEC Approval</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 ETF Issuers Clear Major Hurdle on Path to SEC Approval\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-06 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bitcoin-etf-issuers-clear-major-205440161.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Firms looking to launch spot-Bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from US regulators in coming days.Securities and Exchange Commission staff ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bitcoin-etf-issuers-clear-major-205440161.html\">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."},"source_url":"https://finance.yahoo.com/news/bitcoin-etf-issuers-clear-major-205440161.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179706618","content_text":"Firms looking to launch spot-Bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from US regulators in coming days.Securities and Exchange Commission staff told several exchanges and issuers seeking to list the ETFs that they should submit a final version of a key document as soon as Friday, according to four people familiar with the matter who asked not to be named because the discussions are private. The staff had no additional feedback on the paperwork for several of the firms after the latest amendments, two of the people said.The documents are what are known as 19b-4 filings, which are proposals for rule changes on stock exchanges that will allow the ETFs to be traded. A flood of these updated documents were posted Friday evening, including for ETFs from BlackRock Inc., Grayscale Investments and others.The SEC commissioners are expected to vote on the exchange-rule filings next week, according to another person familiar with the process. Often, ETF approvals can be delegated to SEC staff without a vote by commissioners. It’s unclear if SEC staff had no additional feedback for all of the firms’ 19b-4 filings.The issuers also need the SEC to sign-off on the final versions of their S-1 filings, which are the prospectus documents for the ETFs. The SEC gave issuers a deadline of Monday at 8 a.m. Washington time to file updated S-1s, one of the people said. SEC approval of the 19b-4 and S-1 forms may or may not happen at the same time, though typically the S-1s are approved after the 19b-4s.A representative for the SEC declined to comment.Should both approvals be obtained, the ETFs could start trading as soon as the next business day.Last week, multiple issuers, including BlackRock Inc. and Fidelity, submitted amended S-1 filings to name their authorized participants — broker-dealers responsible for handling the creation and redemption of baskets of shares for ETFs. While the step is typically taken for granted in traditional ETF creations, it drew attention in Bitcoin ETF applications because some industry watchers had expressed concerns that Bitcoin funds would have a harder time attracting broker-dealers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259779853688880,"gmtCreate":1704433288669,"gmtModify":1704433291943,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S56.SI\">$SamuderaShipping(S56.SI)$ </a> looks there is something boiling up.... 🌋🌋🌋↗️↗️↗️","listText":"<a href=\"https://ttm.financial/S/S56.SI\">$SamuderaShipping(S56.SI)$ </a> looks there is something boiling up.... 🌋🌋🌋↗️↗️↗️","text":"$SamuderaShipping(S56.SI)$ looks there is something boiling up.... 🌋🌋🌋↗️↗️↗️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259779853688880","isVote":1,"tweetType":1,"viewCount":702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":232191008051464,"gmtCreate":1697724526820,"gmtModify":1697724535102,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Pickup?? Pick up Hype maybe?","listText":"Pickup?? Pick up Hype maybe?","text":"Pickup?? Pick up Hype maybe?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232191008051464","repostId":"2376420328","repostType":2,"repost":{"id":"2376420328","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1697675664,"share":"https://www.laohu8.com/m/news/2376420328?lang=&edition=full","pubTime":"2023-10-19 08:34","market":"us","language":"en","title":"Tesla's Musk Raises Cybertruck Production Concerns, Reveals Delivery Date","url":"https://stock-news.laohu8.com/highlight/detail?id=2376420328","media":"Reuters","summary":"By Akash Sriram      Oct 18 (Reuters) - Tesla    CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announc","content":"<html><head></head><body><p>(Reuters) - Tesla CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker&#39;s much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30.</p><p style=\"text-align: start;\">The world&#39;s most valuable automaker produces electric sedans and sport utility vehicles but has missed out on the pickup truck segment, which is highly profitable and hugely popular in the United States.</p><p style=\"text-align: start;\">The Cybertruck is expected to challenge Rivian&#39;s R1T, Ford&#39;s F-150 Lightning and General Motors&#39; Chevrolet Silverado EV in the hot market for electric pickup trucks.</p><p style=\"text-align: start;\">Musk said he wanted &#34;temper expectations&#34; for the truck, adding the company could face &#34;enormous challenges&#34; in ramping up production and making it cash-flow positive.</p><p style=\"text-align: start;\">&#34;We dug our own grave with Cybertruck,&#34; he said on an earnings call after the automaker reported a hit to its margins, partly due to the truck&#39;s production ramp-up.</p><p style=\"text-align: start;\">The company has said it had the capacity to make more than 125,000 Cybertrucks annually, with Musk adding there was the potential for that to lift to 250,000 in 2025.</p><p style=\"text-align: start;\">More than 1 million people had reserved the truck, he said, which involves placing a small deposit.</p><p style=\"text-align: start;\">Some analysts were skeptical about the likely sales, particularly in the near term.</p><p style=\"text-align: start;\">&#34;I wouldn&#39;t expect Tesla to be selling or producing anywhere (around 125,000 vehicles),&#34; said Seth Goldstein, an equity strategist at Morningstar. &#34;But I think that they&#39;re giving us an indication of the capacity they&#39;re going to make available for the Cybertruck as production ramps up.&#34;</p><p style=\"text-align: start;\">The automaker is expected to announce pricing for the vehicle at an event at its Texas factory on Nov. 30.</p><p style=\"text-align: start;\">The company, which built its first Cybertruck in July, had in 2019 expected to price the vehicle under $40,000, but electric vehicle prices have since risen due to an increase in battery raw material prices.</p><p style=\"text-align: start;\">The rival R1T is priced from $73,000, while the F-150 Lightning starts from about $50,000.</p><p style=\"text-align: start;\">EV demand has been on a downturn over the last year as higher interest rates push up financing costs and discourage consumers from making discretionary purchases.</p><p style=\"text-align: start;\">Tesla, in response, has aggressively cut prices of its cars this year as it looks to grow its user base and take advantage of its ability to sell its high-margin self-driving software in the future.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Musk Raises Cybertruck Production Concerns, Reveals Delivery Date</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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*/\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Musk Raises Cybertruck Production Concerns, Reveals Delivery Date\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-10-19 08:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Tesla CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker&#39;s much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30.</p><p style=\"text-align: start;\">The world&#39;s most valuable automaker produces electric sedans and sport utility vehicles but has missed out on the pickup truck segment, which is highly profitable and hugely popular in the United States.</p><p style=\"text-align: start;\">The Cybertruck is expected to challenge Rivian&#39;s R1T, Ford&#39;s F-150 Lightning and General Motors&#39; Chevrolet Silverado EV in the hot market for electric pickup trucks.</p><p style=\"text-align: start;\">Musk said he wanted &#34;temper expectations&#34; for the truck, adding the company could face &#34;enormous challenges&#34; in ramping up production and making it cash-flow positive.</p><p style=\"text-align: start;\">&#34;We dug our own grave with Cybertruck,&#34; he said on an earnings call after the automaker reported a hit to its margins, partly due to the truck&#39;s production ramp-up.</p><p style=\"text-align: start;\">The company has said it had the capacity to make more than 125,000 Cybertrucks annually, with Musk adding there was the potential for that to lift to 250,000 in 2025.</p><p style=\"text-align: start;\">More than 1 million people had reserved the truck, he said, which involves placing a small deposit.</p><p style=\"text-align: start;\">Some analysts were skeptical about the likely sales, particularly in the near term.</p><p style=\"text-align: start;\">&#34;I wouldn&#39;t expect Tesla to be selling or producing anywhere (around 125,000 vehicles),&#34; said Seth Goldstein, an equity strategist at Morningstar. &#34;But I think that they&#39;re giving us an indication of the capacity they&#39;re going to make available for the Cybertruck as production ramps up.&#34;</p><p style=\"text-align: start;\">The automaker is expected to announce pricing for the vehicle at an event at its Texas factory on Nov. 30.</p><p style=\"text-align: start;\">The company, which built its first Cybertruck in July, had in 2019 expected to price the vehicle under $40,000, but electric vehicle prices have since risen due to an increase in battery raw material prices.</p><p style=\"text-align: start;\">The rival R1T is priced from $73,000, while the F-150 Lightning starts from about $50,000.</p><p style=\"text-align: start;\">EV demand has been on a downturn over the last year as higher interest rates push up financing costs and discourage consumers from making discretionary purchases.</p><p style=\"text-align: start;\">Tesla, in response, has aggressively cut prices of its cars this year as it looks to grow its user base and take advantage of its ability to sell its high-margin self-driving software in the future.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2376420328","content_text":"(Reuters) - Tesla CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30.The world's most valuable automaker produces electric sedans and sport utility vehicles but has missed out on the pickup truck segment, which is highly profitable and hugely popular in the United States.The Cybertruck is expected to challenge Rivian's R1T, Ford's F-150 Lightning and General Motors' Chevrolet Silverado EV in the hot market for electric pickup trucks.Musk said he wanted \"temper expectations\" for the truck, adding the company could face \"enormous challenges\" in ramping up production and making it cash-flow positive.\"We dug our own grave with Cybertruck,\" he said on an earnings call after the automaker reported a hit to its margins, partly due to the truck's production ramp-up.The company has said it had the capacity to make more than 125,000 Cybertrucks annually, with Musk adding there was the potential for that to lift to 250,000 in 2025.More than 1 million people had reserved the truck, he said, which involves placing a small deposit.Some analysts were skeptical about the likely sales, particularly in the near term.\"I wouldn't expect Tesla to be selling or producing anywhere (around 125,000 vehicles),\" said Seth Goldstein, an equity strategist at Morningstar. \"But I think that they're giving us an indication of the capacity they're going to make available for the Cybertruck as production ramps up.\"The automaker is expected to announce pricing for the vehicle at an event at its Texas factory on Nov. 30.The company, which built its first Cybertruck in July, had in 2019 expected to price the vehicle under $40,000, but electric vehicle prices have since risen due to an increase in battery raw material prices.The rival R1T is priced from $73,000, while the F-150 Lightning starts from about $50,000.EV demand has been on a downturn over the last year as higher interest rates push up financing costs and discourage consumers from making discretionary purchases.Tesla, in response, has aggressively cut prices of its cars this year as it looks to grow its user base and take advantage of its ability to sell its high-margin self-driving software in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":216966160601200,"gmtCreate":1693977989811,"gmtModify":1693978254526,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S56.SI\">$SAMUDERA SHIPPING LINE LTD(S56.SI)$ &nbsp;</a>looking good... before it shoot up more better grab some more&nbsp;","listText":"<a href=\"https://ttm.financial/S/S56.SI\">$SAMUDERA SHIPPING LINE LTD(S56.SI)$ &nbsp;</a>looking good... before it shoot up more better grab some more&nbsp;","text":"$SAMUDERA SHIPPING LINE LTD(S56.SI)$ looking good... before it shoot up more better grab some more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216966160601200","isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":205567985172720,"gmtCreate":1691196914975,"gmtModify":1691196918993,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Microsoft 👍","listText":"Microsoft 👍","text":"Microsoft 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/205567985172720","repostId":"2356743226","repostType":2,"repost":{"id":"2356743226","pubTimestamp":1691163676,"share":"https://www.laohu8.com/m/news/2356743226?lang=&edition=full","pubTime":"2023-08-04 23:41","market":"us","language":"en","title":"Microsoft vs. Alphabet: Which Trillion-Dollar AI Stock Should You Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2356743226","media":"Motley Fool","summary":"Microsoft and Alphabet have their own unique strengths in the emerging artificial intelligence business.","content":"<html><head></head><body><p>When it comes to the artificial intelligence (AI) arms race, <a href=\"https://laohu8.com/S/MSFT\">Microsoft </a> and Google parent Alphabet are two of the frontrunners. The companies have been engaged in a fierce battle over AI in 2023, which has spanned from internet search engines to the cloud.</p><p>Microsoft launched an assault on Google Search earlier this year when it integrated the ChatGPT chatbot into its Bing search engine and threatened to transform the way consumers seek information online. Google struck back with AI initiatives of its own as it seeks to protect its dominant position in the search industry.</p><p>As a result, investors have watched Microsoft and Alphabet very closely, particularly during reporting season. Both have just released their financial results for the quarter ended June 30, and it&#39;s clear each company has unique strengths when it comes to AI. </p><p>Here&#39;s the burning question for investors: Which stock is the better buy right now? Let&#39;s find out. </p><h2 id=\"id_406367900\">Microsoft is weaving AI throughout its product portfolio</h2><p>It&#39;s abundantly clear Microsoft is shooting for dominance when it comes to AI. It has invested a total of $13 billion into ChatGPT developer OpenAI, and the start-up&#39;s technology is now a fundamental part of Microsoft&#39;s product portfolio. As I mentioned, its Bing search engine is powered by ChatGPT, and chatbot-based search could be the future because of its ability to deliver direct answers to users&#39; queries.</p><p>That becomes more valuable with Bing&#39;s integrations into the Microsoft Edge internet browser, because it could divert traffic away from traditional search engines like Google. Plus, Microsoft 365 (Word, Excel, PowerPoint, etc.) now features ChatGPT-powered generative AI called Copilot, which can assist users with creating text, images, and presentations. This was just released for commercial customers for a price of $30 per user per month, which opens up a new revenue stream for Microsoft&#39;s AI business.</p><p>Microsoft also offers OpenAI&#39;s latest GPT-4 technology on its Azure cloud platform to give businesses access to the most powerful AI technology available. At the end of fiscal 2023 (ended June 30), Azure OpenAI Service had 11,000 customers, up from 2,500 in just three months. That includes major companies like Mercedes Benz, which plans to install ChatGPT into 900,000 cars across the U.S. to power its voice assistant. </p><p>The cloud could be Microsoft&#39;s most lucrative opportunity when it comes to AI, because businesses are clamoring to integrate the technology into their day-to-day operations to improve efficiency. Research firm McKinsey &amp; Company says businesses that adopt AI today and continue developing it until 2030 could increase their free cash flow by 122%, whereas businesses that don&#39;t have an AI strategy could experience a decline instead.</p><p>Azure is quickly becoming the ultimate distribution platform for the most advanced AI tools and services, and that should go a long way to cementing Microsoft&#39;s leadership position in the industry. </p><h2 id=\"id_3988901554\">Google Search is implementing AI in more ways than one</h2><p>Microsoft might be coming after Google Search with its new-look Bing, but Google still maintains a 92% global market share, and unseating that dominance won&#39;t be easy. It will become even more difficult as Google continues to improve its Bard chatbot, which is a direct competitor to ChatGPT.</p><p>But Google is also using AI to transform its traditional search engine. It recognizes the value that chatbots provide when they offer fast, direct answers to users&#39; questions, so Google now delivers text-based responses to search queries made the regular way. It places them at the top of the page, and they could save consumers significant amounts of time that would otherwise be spent sifting through web pages looking for answers -- and that alone might keep them from jumping to competitors like Bing.</p><p>Google Search relies on advertising to generate revenue, so maintaining market share is critical. There are signs its AI-focused improvements are resonating, because it delivered 4.6% year-over-year growth in its ad revenue in the second quarter (ended June 30), which was an acceleration from its Q1 growth rate of 1.9%.</p><p>But Google Cloud was Alphabet&#39;s standout performer in Q2. It grew by 28%, which edged out key competitor Microsoft Azure by one percentage point. Google Cloud is much smaller, but the faster growth rate points to increasing market share. </p><p>Alphabet says Google Cloud now offers the widest choice of AI supercomputers in the industry, and it has more than 80 different AI models in its portfolio. It saw a 15-fold increase in the number of customers accessing those models between April and June and, according to the company, more than 70% of generative AI unicorns (start-ups worth at least $1 billion) were Google Cloud customers in Q2.</p><p>As an added bonus, Alphabet&#39;s YouTube video streaming platform saw a return to growth during Q2. Investors should watch this segment, because YouTube is acquiring the rights to highly valuable assets like the NFL&#39;s Sunday Ticket, which could significantly boost its advertising revenue.</p><h2 id=\"id_2000531717\">Microsoft vs. Alphabet: The verdict</h2><p>Microsoft and Alphabet might be locked in fierce competition right now, but investors don&#39;t have to pick sides. I actually think it&#39;s worth owning both stocks given their unique strengths; Microsoft&#39;s Azure cloud business is substantially larger than Google Cloud, whereas Alphabet offers investors enormous digital advertising exposure through Google Search and YouTube.</p><p>But the two stocks are separated by one important thing: valuation. Investors rushed into Microsoft shares this year as the company integrated OpenAI&#39;s technology into its product portfolio. On the flipside, Alphabet stock lagged behind because investors perceived Microsoft&#39;s AI initiatives as a threat to its business. </p><p>Based on the last four quarters&#39; worth of earnings per share, Microsoft stock trades at a price-to-earnings (P/E) ratio of 34.8. Alphabet is notably cheaper, trading at a multiple of 27.9. For some perspective, the <strong>Nasdaq-100</strong> index -- which represents the broader tech sector -- trades at a P/E ratio of 34.6. Therefore, Microsoft stock trades roughly in line with the broader market, whereas Alphabet trades at a 19% discount. </p><p>While I think investors should own both stocks, Alphabet might be a better value than Microsoft right now.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft vs. Alphabet: Which Trillion-Dollar AI Stock Should You Buy?</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 vs. Alphabet: Which Trillion-Dollar AI Stock Should You Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-04 23:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/08/04/microsoft-alphabet-trillion-dollar-ai-stock-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When it comes to the artificial intelligence (AI) arms race, Microsoft  and Google parent Alphabet are two of the frontrunners. The companies have been engaged in a fierce battle over AI in 2023, ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/08/04/microsoft-alphabet-trillion-dollar-ai-stock-buy/\">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","GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://www.fool.com/investing/2023/08/04/microsoft-alphabet-trillion-dollar-ai-stock-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2356743226","content_text":"When it comes to the artificial intelligence (AI) arms race, Microsoft  and Google parent Alphabet are two of the frontrunners. The companies have been engaged in a fierce battle over AI in 2023, which has spanned from internet search engines to the cloud.Microsoft launched an assault on Google Search earlier this year when it integrated the ChatGPT chatbot into its Bing search engine and threatened to transform the way consumers seek information online. Google struck back with AI initiatives of its own as it seeks to protect its dominant position in the search industry.As a result, investors have watched Microsoft and Alphabet very closely, particularly during reporting season. Both have just released their financial results for the quarter ended June 30, and it's clear each company has unique strengths when it comes to AI. Here's the burning question for investors: Which stock is the better buy right now? Let's find out. Microsoft is weaving AI throughout its product portfolioIt's abundantly clear Microsoft is shooting for dominance when it comes to AI. It has invested a total of $13 billion into ChatGPT developer OpenAI, and the start-up's technology is now a fundamental part of Microsoft's product portfolio. As I mentioned, its Bing search engine is powered by ChatGPT, and chatbot-based search could be the future because of its ability to deliver direct answers to users' queries.That becomes more valuable with Bing's integrations into the Microsoft Edge internet browser, because it could divert traffic away from traditional search engines like Google. Plus, Microsoft 365 (Word, Excel, PowerPoint, etc.) now features ChatGPT-powered generative AI called Copilot, which can assist users with creating text, images, and presentations. This was just released for commercial customers for a price of $30 per user per month, which opens up a new revenue stream for Microsoft's AI business.Microsoft also offers OpenAI's latest GPT-4 technology on its Azure cloud platform to give businesses access to the most powerful AI technology available. At the end of fiscal 2023 (ended June 30), Azure OpenAI Service had 11,000 customers, up from 2,500 in just three months. That includes major companies like Mercedes Benz, which plans to install ChatGPT into 900,000 cars across the U.S. to power its voice assistant. The cloud could be Microsoft's most lucrative opportunity when it comes to AI, because businesses are clamoring to integrate the technology into their day-to-day operations to improve efficiency. Research firm McKinsey & Company says businesses that adopt AI today and continue developing it until 2030 could increase their free cash flow by 122%, whereas businesses that don't have an AI strategy could experience a decline instead.Azure is quickly becoming the ultimate distribution platform for the most advanced AI tools and services, and that should go a long way to cementing Microsoft's leadership position in the industry. Google Search is implementing AI in more ways than oneMicrosoft might be coming after Google Search with its new-look Bing, but Google still maintains a 92% global market share, and unseating that dominance won't be easy. It will become even more difficult as Google continues to improve its Bard chatbot, which is a direct competitor to ChatGPT.But Google is also using AI to transform its traditional search engine. It recognizes the value that chatbots provide when they offer fast, direct answers to users' questions, so Google now delivers text-based responses to search queries made the regular way. It places them at the top of the page, and they could save consumers significant amounts of time that would otherwise be spent sifting through web pages looking for answers -- and that alone might keep them from jumping to competitors like Bing.Google Search relies on advertising to generate revenue, so maintaining market share is critical. There are signs its AI-focused improvements are resonating, because it delivered 4.6% year-over-year growth in its ad revenue in the second quarter (ended June 30), which was an acceleration from its Q1 growth rate of 1.9%.But Google Cloud was Alphabet's standout performer in Q2. It grew by 28%, which edged out key competitor Microsoft Azure by one percentage point. Google Cloud is much smaller, but the faster growth rate points to increasing market share. Alphabet says Google Cloud now offers the widest choice of AI supercomputers in the industry, and it has more than 80 different AI models in its portfolio. It saw a 15-fold increase in the number of customers accessing those models between April and June and, according to the company, more than 70% of generative AI unicorns (start-ups worth at least $1 billion) were Google Cloud customers in Q2.As an added bonus, Alphabet's YouTube video streaming platform saw a return to growth during Q2. Investors should watch this segment, because YouTube is acquiring the rights to highly valuable assets like the NFL's Sunday Ticket, which could significantly boost its advertising revenue.Microsoft vs. Alphabet: The verdictMicrosoft and Alphabet might be locked in fierce competition right now, but investors don't have to pick sides. I actually think it's worth owning both stocks given their unique strengths; Microsoft's Azure cloud business is substantially larger than Google Cloud, whereas Alphabet offers investors enormous digital advertising exposure through Google Search and YouTube.But the two stocks are separated by one important thing: valuation. Investors rushed into Microsoft shares this year as the company integrated OpenAI's technology into its product portfolio. On the flipside, Alphabet stock lagged behind because investors perceived Microsoft's AI initiatives as a threat to its business. Based on the last four quarters' worth of earnings per share, Microsoft stock trades at a price-to-earnings (P/E) ratio of 34.8. Alphabet is notably cheaper, trading at a multiple of 27.9. For some perspective, the Nasdaq-100 index -- which represents the broader tech sector -- trades at a P/E ratio of 34.6. Therefore, Microsoft stock trades roughly in line with the broader market, whereas Alphabet trades at a 19% discount. While I think investors should own both stocks, Alphabet might be a better value than Microsoft right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":205567730897136,"gmtCreate":1691196852896,"gmtModify":1691223647819,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good time to do.the clean up... hope they can be more competitive and putting consumer first. But looking at the Chinese competitors, they have alot more to do.","listText":"Good time to do.the clean up... hope they can be more competitive and putting consumer first. But looking at the Chinese competitors, they have alot more to do.","text":"Good time to do.the clean up... hope they can be more competitive and putting consumer first. But looking at the Chinese competitors, they have alot more to do.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/205567730897136","repostId":"2357454062","repostType":4,"repost":{"id":"2357454062","pubTimestamp":1691192728,"share":"https://www.laohu8.com/m/news/2357454062?lang=&edition=full","pubTime":"2023-08-05 07:45","market":"us","language":"en","title":"Amazon Surges 8.27% After Jassy Spurs Sales Growth, Reins in Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=2357454062","media":"Bloomberg","summary":"Amazon.com Inc. Chief Executive Officer Andy Jassy pulled off a financial double play this earnings season: generating strong revenue growth from the core e-commerce business while cutting the pace of","content":"<html><head></head><body><p>Amazon.com Inc. Chief Executive Officer Andy Jassy pulled off a financial double play this earnings season: generating strong revenue growth from the core e-commerce business while cutting the pace of spending.</p><p>The results sent shares up 8.27% to $139.57 at the close Friday, the best single-day performance since November and the highest price for the stock in almost a year.</p><p style=\"text-align: start;\">Since taking the reins two years ago, Jassy has brought a decidedly unsentimental perspective to the world’s largest e-commerce and cloud services company. Under his direction, Amazon fired 27,000 people and pledged to keep headcount flat for the foreseeable future, whacked dozens of projects hatched during Jeff Bezos’s tenure and put multiple businesses under review.</p><p style=\"text-align: start;\">On Thursday, investors got a fresh look at the results. Second-quarter revenue increased 11% to $134.4 billion, the company said in a statement, topping estimates. Sales in the online stores category increased 4% to $53 billion. Amazon’s cloud business, which typically supplies most of the company’s operating profit, exceeded expectations and showed signs of stabilizing.</p><p style=\"text-align: start;\">“The upturn in Amazon’s e-commerce business is an encouraging sign for the back half of the year that should add to topline growth,” Andrew Lipsman, an analyst at Insider Intelligence, said after the results.</p><p style=\"text-align: start;\">Jassy’s unprecedented ax-wielding paid off, too. The company’s operating expenses increased 7.5% in the three months ended June 30, the slowest rate since at least 2012. Sales and marketing costs rose just 6.5%, after years of increasing by as much as a third. As a result, operating income more than doubled to $7.7 billion in the quarter.</p><p style=\"text-align: start;\">Now, the CEO seems ready to reinvest — just as recession fears recede, and consumers say they feel better about the economy and their prospects.</p><p style=\"text-align: start;\">Keen to retain a competitive edge in its core online retail business, Amazon on Monday said it would double the number of facilities capable of getting orders to customers the same day. Earlier this week, Bloomberg Businessweek reported that Amazon is rebooting its grocery operation by offering fresh food delivery to shoppers without Prime subscriptions and more tightly integrating its Fresh and Whole Foods Market chains.</p><p style=\"text-align: start;\">The company projected revenue will be $138 billion to $143 billion in the current period ending in September, compared with analysts’ average estimate of $138.3 billion. Operating income will range from $5.5 billion to $8.5 billion. Analysts, on average, projected $5.41 billion.</p><p style=\"text-align: start;\">The Seattle-based company is generating an increasing share of revenue from the more profitable business of providing services and advertising to independent merchants, who rent space on Amazon’s website and in its warehouses. Advertising sales rose 22% to $10.7 billion and seller services revenue jumped 18% to $32.3 billion in the quarter.</p><p style=\"text-align: start;\">Chief Financial Officer Brian Olsavsky said products from independent merchants represented 60% of all sales on the site, the highest ever, which contributed to growth of Amazon’s seller-services revenue.</p><p style=\"text-align: start;\">Lipsman pointed to the ad business, saying it “held up especially well this quarter, and the picture should only get brighter in (the second half of the year) with Prime Day and the holidays adding to its momentum.”</p><p style=\"text-align: start;\">Before the results, investors were particularly concerned about Amazon Web Services, the cloud business. While growth slowed for a sixth straight quarter, the unit still produced more revenue than Wall Street expected — surging 12% to $22.1 billion.</p><p style=\"text-align: start;\">Olsavsky said growth rates for the cloud unit stabilized during the quarter and pointed to a healthy customer pipeline. AWS has been rolling out various products based on generative artificial intelligence. Some analysts believe Amazon has fallen behind Microsoft Corp. and Alphabet Inc.’s Google, which have released popular chatbots powered by the technology. Amazon denies this and says the generative AI race has barely begun.</p><p style=\"text-align: start;\">After several difficult quarters in which Amazon had to address overspending and over hiring, it’s back to showing investors a clear path to boost sales and profits at the same time, said Brian Yarbrough, an analyst at Edward D. Jones &amp; Co.</p><p style=\"text-align: start;\">“We think there’s a nice long path here for continued growth in retail, continued growth in advertising and continued growth in cloud computing, all while boosting profits, which is a big change from the past 12 months or so,” Yarbrough said.</p></body></html>","source":"yahoofinance_sg","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 Surges 8.27% After Jassy Spurs Sales Growth, Reins in Costs</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 Surges 8.27% After Jassy Spurs Sales Growth, Reins in Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-05 07:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amazon-surges-jassy-spurs-sales-134846600.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. Chief Executive Officer Andy Jassy pulled off a financial double play this earnings season: generating strong revenue growth from the core e-commerce business while cutting the pace of...</p>\n\n<a href=\"https://finance.yahoo.com/news/amazon-surges-jassy-spurs-sales-134846600.html\">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://finance.yahoo.com/news/amazon-surges-jassy-spurs-sales-134846600.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2357454062","content_text":"Amazon.com Inc. Chief Executive Officer Andy Jassy pulled off a financial double play this earnings season: generating strong revenue growth from the core e-commerce business while cutting the pace of spending.The results sent shares up 8.27% to $139.57 at the close Friday, the best single-day performance since November and the highest price for the stock in almost a year.Since taking the reins two years ago, Jassy has brought a decidedly unsentimental perspective to the world’s largest e-commerce and cloud services company. Under his direction, Amazon fired 27,000 people and pledged to keep headcount flat for the foreseeable future, whacked dozens of projects hatched during Jeff Bezos’s tenure and put multiple businesses under review.On Thursday, investors got a fresh look at the results. Second-quarter revenue increased 11% to $134.4 billion, the company said in a statement, topping estimates. Sales in the online stores category increased 4% to $53 billion. Amazon’s cloud business, which typically supplies most of the company’s operating profit, exceeded expectations and showed signs of stabilizing.“The upturn in Amazon’s e-commerce business is an encouraging sign for the back half of the year that should add to topline growth,” Andrew Lipsman, an analyst at Insider Intelligence, said after the results.Jassy’s unprecedented ax-wielding paid off, too. The company’s operating expenses increased 7.5% in the three months ended June 30, the slowest rate since at least 2012. Sales and marketing costs rose just 6.5%, after years of increasing by as much as a third. As a result, operating income more than doubled to $7.7 billion in the quarter.Now, the CEO seems ready to reinvest — just as recession fears recede, and consumers say they feel better about the economy and their prospects.Keen to retain a competitive edge in its core online retail business, Amazon on Monday said it would double the number of facilities capable of getting orders to customers the same day. Earlier this week, Bloomberg Businessweek reported that Amazon is rebooting its grocery operation by offering fresh food delivery to shoppers without Prime subscriptions and more tightly integrating its Fresh and Whole Foods Market chains.The company projected revenue will be $138 billion to $143 billion in the current period ending in September, compared with analysts’ average estimate of $138.3 billion. Operating income will range from $5.5 billion to $8.5 billion. Analysts, on average, projected $5.41 billion.The Seattle-based company is generating an increasing share of revenue from the more profitable business of providing services and advertising to independent merchants, who rent space on Amazon’s website and in its warehouses. Advertising sales rose 22% to $10.7 billion and seller services revenue jumped 18% to $32.3 billion in the quarter.Chief Financial Officer Brian Olsavsky said products from independent merchants represented 60% of all sales on the site, the highest ever, which contributed to growth of Amazon’s seller-services revenue.Lipsman pointed to the ad business, saying it “held up especially well this quarter, and the picture should only get brighter in (the second half of the year) with Prime Day and the holidays adding to its momentum.”Before the results, investors were particularly concerned about Amazon Web Services, the cloud business. While growth slowed for a sixth straight quarter, the unit still produced more revenue than Wall Street expected — surging 12% to $22.1 billion.Olsavsky said growth rates for the cloud unit stabilized during the quarter and pointed to a healthy customer pipeline. AWS has been rolling out various products based on generative artificial intelligence. Some analysts believe Amazon has fallen behind Microsoft Corp. and Alphabet Inc.’s Google, which have released popular chatbots powered by the technology. Amazon denies this and says the generative AI race has barely begun.After several difficult quarters in which Amazon had to address overspending and over hiring, it’s back to showing investors a clear path to boost sales and profits at the same time, said Brian Yarbrough, an analyst at Edward D. Jones & Co.“We think there’s a nice long path here for continued growth in retail, continued growth in advertising and continued growth in cloud computing, all while boosting profits, which is a big change from the past 12 months or so,” Yarbrough said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":205566744023192,"gmtCreate":1691196731044,"gmtModify":1691196734776,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Same goes to Amazon is next... looks like US need some time to do the cleaning up","listText":"Same goes to Amazon is next... looks like US need some time to do the cleaning up","text":"Same goes to Amazon is next... looks like US need some time to do the cleaning up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/205566744023192","repostId":"2357450593","repostType":2,"repost":{"id":"2357450593","pubTimestamp":1691193035,"share":"https://www.laohu8.com/m/news/2357450593?lang=&edition=full","pubTime":"2023-08-05 07:50","market":"us","language":"en","title":"Judge Allows Key US Antitrust Google Search Claims to Go to Trial","url":"https://stock-news.laohu8.com/highlight/detail?id=2357450593","media":"StreetInsider","summary":"A U.S. judge hearing the Justice Department's antitrust lawsuit accusing Google of unlawfully maintaining monopolies in the internet search market let stand key claims made by the federal government.G","content":"<html><head></head><body><p>A U.S. judge hearing the Justice Department&#39;s antitrust lawsuit accusing Google of unlawfully maintaining monopolies in the internet search market let stand key claims made by the federal government.</p><p style=\"text-align: start;\">Google, a unit of Alphabet, had asked for summary judgment on all the government&#39;s claims in the case.</p><p style=\"text-align: start;\">U.S. Judge Amit Mehta, in a decision made public in Washington on Friday, granted Google&#39;s request on some grounds but allowed the remainder of the claims to proceed to trial next month.</p><p style=\"text-align: start;\">The Justice Department sued Google in 2020, accusing the $1.6 trillion company of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech since it sued Microsoft Corp in 1998.</p><p style=\"text-align: start;\">Mehta is also hearing a case brought against Google by the attorneys general of 38 states and territories.</p><p style=\"text-align: start;\">Mehta tossed out accusations brought by the states that Google made it harder for internet users to find specialized search engines, like Expedia for travel or OpenTable for restaurants, saying the states &#34;have not demonstrated the requisite anticompetitive effect in the relevant market.&#34;</p><p style=\"text-align: start;\">Google said Friday it appreciated the court&#39;s &#34;careful consideration and decision to dismiss claims regarding the design of Google Search&#34; in the case brought by the states.</p><p style=\"text-align: start;\">&#34;We look forward to showing at trial that promoting and distributing our services is both legal and pro-competitive,&#34; added Kent Walker, Google&#39;s chief legal officer.</p><p style=\"text-align: start;\">Google has denied any wrongdoing in both cases.</p><p style=\"text-align: start;\">Colorado Attorney General Phil Weiser said he was pleased with Mehta&#39;s opinion, adding: &#34;We will continue to evaluate how to best press forward and establish Google’s pattern of illegal conduct that harms consumers and competition.&#34;</p><p style=\"text-align: start;\">Mehta noted Google LLC operates the largest U.S. internet general search engine whose &#34;brand name has become so ubiquitous that dictionaries recognize it as a verb.&#34; He noted Google in 2020 had nearly 90% market share and advertisers spend over $80 billion annually alone to reach general search users.</p><p style=\"text-align: start;\">&#34;A company with monopoly power acts unlawfully only when its conduct stifles competition,&#34; Mehta wrote.</p><p style=\"text-align: start;\">Mehta also said that the government would have to show that each particular action - for example how Google handles search advertising - is a violation of antitrust law. This means that the government cannot show a string of actions and argue that these cumulatively break antitrust law.</p><p style=\"text-align: start;\">The government, which filed its lawsuit in the waning days of the Trump administration, has argued that Google illegally paid billions of dollars each year to smartphone makers like Apple, LG, Motorola and Samsung, carriers like Verizon and browsers like Mozilla to be the default search for their customers. Mehta declined to throw out that argument.</p><p style=\"text-align: start;\">The Justice Department did not immediately comment.</p><p style=\"text-align: start;\">In late April, a U.S. judge in Virginia denied Google&#39;s motion to dismiss a separate Justice Department antitrust case focused on advertising technology, saying the government&#39;s case was strong enough to go forward.</p><p style=\"text-align: start;\">The government has argued that Google should be forced to sell its ad manager suite. Google has also denied any wrongdoing in this case.</p></body></html>","source":"highlight_streetinsider","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>Judge Allows Key US Antitrust Google Search Claims to Go to Trial</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\">\nJudge Allows Key US Antitrust Google Search Claims to Go to Trial\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-05 07:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22000452><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A U.S. judge hearing the Justice Department's antitrust lawsuit accusing Google of unlawfully maintaining monopolies in the internet search market let stand key claims made by the federal government....</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22000452\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.streetinsider.com/dr/news.php?id=22000452","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2357450593","content_text":"A U.S. judge hearing the Justice Department's antitrust lawsuit accusing Google of unlawfully maintaining monopolies in the internet search market let stand key claims made by the federal government.Google, a unit of Alphabet, had asked for summary judgment on all the government's claims in the case.U.S. Judge Amit Mehta, in a decision made public in Washington on Friday, granted Google's request on some grounds but allowed the remainder of the claims to proceed to trial next month.The Justice Department sued Google in 2020, accusing the $1.6 trillion company of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech since it sued Microsoft Corp in 1998.Mehta is also hearing a case brought against Google by the attorneys general of 38 states and territories.Mehta tossed out accusations brought by the states that Google made it harder for internet users to find specialized search engines, like Expedia for travel or OpenTable for restaurants, saying the states \"have not demonstrated the requisite anticompetitive effect in the relevant market.\"Google said Friday it appreciated the court's \"careful consideration and decision to dismiss claims regarding the design of Google Search\" in the case brought by the states.\"We look forward to showing at trial that promoting and distributing our services is both legal and pro-competitive,\" added Kent Walker, Google's chief legal officer.Google has denied any wrongdoing in both cases.Colorado Attorney General Phil Weiser said he was pleased with Mehta's opinion, adding: \"We will continue to evaluate how to best press forward and establish Google’s pattern of illegal conduct that harms consumers and competition.\"Mehta noted Google LLC operates the largest U.S. internet general search engine whose \"brand name has become so ubiquitous that dictionaries recognize it as a verb.\" He noted Google in 2020 had nearly 90% market share and advertisers spend over $80 billion annually alone to reach general search users.\"A company with monopoly power acts unlawfully only when its conduct stifles competition,\" Mehta wrote.Mehta also said that the government would have to show that each particular action - for example how Google handles search advertising - is a violation of antitrust law. This means that the government cannot show a string of actions and argue that these cumulatively break antitrust law.The government, which filed its lawsuit in the waning days of the Trump administration, has argued that Google illegally paid billions of dollars each year to smartphone makers like Apple, LG, Motorola and Samsung, carriers like Verizon and browsers like Mozilla to be the default search for their customers. Mehta declined to throw out that argument.The Justice Department did not immediately comment.In late April, a U.S. judge in Virginia denied Google's motion to dismiss a separate Justice Department antitrust case focused on advertising technology, saying the government's case was strong enough to go forward.The government has argued that Google should be forced to sell its ad manager suite. Google has also denied any wrongdoing in this case.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954698837,"gmtCreate":1676296370430,"gmtModify":1676296374361,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tesla will soon lose out to the big copycat giants.... Hahaha&nbsp;","listText":"Tesla will soon lose out to the big copycat giants.... Hahaha&nbsp;","text":"Tesla will soon lose out to the big copycat giants.... Hahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954698837","repostId":"2310962775","repostType":4,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963347660,"gmtCreate":1668607061150,"gmtModify":1676538083807,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Only the rich can afford to be greedy when everyone is fearful... because the can afford to loose!&nbsp;","listText":"Only the rich can afford to be greedy when everyone is fearful... because the can afford to loose!&nbsp;","text":"Only the rich can afford to be greedy when everyone is fearful... because the can afford to loose!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9963347660","repostId":"1144699938","repostType":4,"repost":{"id":"1144699938","pubTimestamp":1668597791,"share":"https://www.laohu8.com/m/news/1144699938?lang=&edition=full","pubTime":"2022-11-16 19:23","market":"us","language":"en","title":"Warren Buffett’s Chip-Stock Purchase Is a Classic Example of Why You Want to Be \"Greedy Only When Others Are Fearful\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1144699938","media":"Market Watch","summary":"This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disc","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/b4bdd4995cefdd6ab95e4170d906c917\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"/>This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one industry — stands out.</p><p>In its 13F filing with the the Securities and Exchange Commission on Nov. 14, Berkshire disclosed investments in 50 stocks as of Sept. 30 with a combined market value of $296.1 billion.</p><p>Berkshire opened three new stock positions during the third quarter:</p><p><img src=\"https://static.tigerbbs.com/e011b3feadae73a4180377fc089fb6a5\" tg-width=\"808\" tg-height=\"217\" referrerpolicy=\"no-referrer\"/>The 13F filing doesn’t say exactly when the shares were purchased, but Berkshire built up its $4.1 billion position in Taiwan Semiconductor          TSM after the semiconductor industry had fallen hard. Semiconductor manufacturing has traditionally been a cyclical business and TSM is the highest-volume producer of computer chips in the world.</p><blockquote>“  Our goal is more modest: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”</blockquote><blockquote>— Berkshire Hathaway CEO Warren Buffett in his 1986 annual letter to shareholders.</blockquote><p>Semiconductor stocks tumbled as investors perceived the group had entered a down cycle. The iShares Semiconductor ETF <a href=\"https://www.marketwatch.com/story/semiconductor-stocks-have-bounced-from-2022-lows-and-analysts-expect-upside-of-at-least-28-in-the-next-year-11667917200?mod=article_inline\" target=\"_blank\">hit its 2022 closing low</a> on  Oct. 14 when it was down 44% for the year, before rising 25% through Nov. 14.</p><p>When SOXX hit bottom, Taiwan Semiconductor had been hit even harder, with a 46% decline.</p><p>Taiwan Semiconductor fell to its 2022 low on Nov. 3 when it was down 49% for the  year. Berkshire built its position in TSM some time between June 30, when the stock was down 35% for 2022, and Sept. 30, when it was down 41% for the year.</p><p>It appears Buffett’s timing was excellent, following a part of the long-term strategy he discussed in his annual <a href=\"https://berkshirehathaway.com/letters/1986.html\" target=\"_blank\">letter to shareholders</a> that was included with Berkshire’s 1986 annual report. Buffett explained that market disruptions were unpredictable.</p><p>“Our goal is more modest: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful,” he wrote.</p><h2>Other stocks Berkshire added to, sold or trimmed</h2><p>During the third quarter, Berkshire added to its holdings of the following stocks. They are sorted by the market value of the holdings as of Sept. 30:</p><p><img src=\"https://static.tigerbbs.com/f873df7c27692e7f55fa6d3e60dccda1\" tg-width=\"797\" tg-height=\"324\" referrerpolicy=\"no-referrer\"/>While Berkshire added to its holdings of Paramount Global PARA  and Celanese Corp.  CE during the third quarter, the Sept. 30 position values were down from June 30 because the stocks had fallen 22% and 23%, respectively.</p><p>Berkshire sold all of its shares of Store Capital Corp. during the third quarter. This position had  been valued at $385 million as of June 30.</p><p>Here are other stock positions Berkshire sold partially during the third quarter:</p><p><img src=\"https://static.tigerbbs.com/5dc3c81e06de82948bc74af98fba5669\" tg-width=\"785\" tg-height=\"325\" referrerpolicy=\"no-referrer\"/></p><h2>Berkshire’s performance: How to rest easier</h2><p>Here’s a five-year chart showing the return of Berkshire’s Class B          <a href=\"/investing/stock/BRK.B?mod=MW_story_quote\" target=\"_blank\">BRK</a>       shares against the benchmark S&amp;P 500          <a href=\"/investing/stock/SPX?mod=MW_story_quote\" target=\"_blank\">SPX</a>       through Nov. 14:</p><p><img src=\"https://static.tigerbbs.com/ad13bbe039f2983998cfd7d5feabdda9\" tg-width=\"700\" tg-height=\"623\" referrerpolicy=\"no-referrer\"/>Berkshire’s five-year total return has been slightly higher than that of the S&amp;P 500. Maybe your first reaction is that this performance is nothing to get excited about.</p><p>If you had taken the same five-year look at Berkshire’s performance against the index a year ago, you would have seen Berkshire’s 81% return trailing a 136% return for the S&amp;P 500 and might have bought into the idea that Buffett’s value-investing philosophy was out of date.</p><p>But over the past year, the S&amp;P 500 has fallen 14%, while Berkshire’s Class B shares have returned 8.5%.</p><p>For many investors, the ability to sleep better at night might make Buffett’s value approach more worthwhile.</p></body></html>","source":"lsy1616996754749","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>Warren Buffett’s Chip-Stock Purchase Is a Classic Example of Why You Want to Be \"Greedy Only When Others Are Fearful\"</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\">\nWarren Buffett’s Chip-Stock Purchase Is a Classic Example of Why You Want to Be \"Greedy Only When Others Are Fearful\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-16 19:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/warren-buffetts-chip-stock-purchase-is-a-classic-example-of-why-you-want-to-be-greedy-only-when-others-are-fearful-11668526053?mod=home-page><strong>Market Watch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one ...</p>\n\n<a href=\"https://www.marketwatch.com/story/warren-buffetts-chip-stock-purchase-is-a-classic-example-of-why-you-want-to-be-greedy-only-when-others-are-fearful-11668526053?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔","TSM":"台积电"},"source_url":"https://www.marketwatch.com/story/warren-buffetts-chip-stock-purchase-is-a-classic-example-of-why-you-want-to-be-greedy-only-when-others-are-fearful-11668526053?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144699938","content_text":"This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one industry — stands out.In its 13F filing with the the Securities and Exchange Commission on Nov. 14, Berkshire disclosed investments in 50 stocks as of Sept. 30 with a combined market value of $296.1 billion.Berkshire opened three new stock positions during the third quarter:The 13F filing doesn’t say exactly when the shares were purchased, but Berkshire built up its $4.1 billion position in Taiwan Semiconductor          TSM after the semiconductor industry had fallen hard. Semiconductor manufacturing has traditionally been a cyclical business and TSM is the highest-volume producer of computer chips in the world.“  Our goal is more modest: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”— Berkshire Hathaway CEO Warren Buffett in his 1986 annual letter to shareholders.Semiconductor stocks tumbled as investors perceived the group had entered a down cycle. The iShares Semiconductor ETF hit its 2022 closing low on  Oct. 14 when it was down 44% for the year, before rising 25% through Nov. 14.When SOXX hit bottom, Taiwan Semiconductor had been hit even harder, with a 46% decline.Taiwan Semiconductor fell to its 2022 low on Nov. 3 when it was down 49% for the  year. Berkshire built its position in TSM some time between June 30, when the stock was down 35% for 2022, and Sept. 30, when it was down 41% for the year.It appears Buffett’s timing was excellent, following a part of the long-term strategy he discussed in his annual letter to shareholders that was included with Berkshire’s 1986 annual report. Buffett explained that market disruptions were unpredictable.“Our goal is more modest: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful,” he wrote.Other stocks Berkshire added to, sold or trimmedDuring the third quarter, Berkshire added to its holdings of the following stocks. They are sorted by the market value of the holdings as of Sept. 30:While Berkshire added to its holdings of Paramount Global PARA  and Celanese Corp.  CE during the third quarter, the Sept. 30 position values were down from June 30 because the stocks had fallen 22% and 23%, respectively.Berkshire sold all of its shares of Store Capital Corp. during the third quarter. This position had  been valued at $385 million as of June 30.Here are other stock positions Berkshire sold partially during the third quarter:Berkshire’s performance: How to rest easierHere’s a five-year chart showing the return of Berkshire’s Class B          BRK       shares against the benchmark S&P 500          SPX       through Nov. 14:Berkshire’s five-year total return has been slightly higher than that of the S&P 500. Maybe your first reaction is that this performance is nothing to get excited about.If you had taken the same five-year look at Berkshire’s performance against the index a year ago, you would have seen Berkshire’s 81% return trailing a 136% return for the S&P 500 and might have bought into the idea that Buffett’s value-investing philosophy was out of date.But over the past year, the S&P 500 has fallen 14%, while Berkshire’s Class B shares have returned 8.5%.For many investors, the ability to sleep better at night might make Buffett’s value approach more worthwhile.","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963344727,"gmtCreate":1668606876469,"gmtModify":1676538083775,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$&nbsp;</a><v-v data-views=\"0\"></v-v>let's see how far can this bull runs.... or runaway bull...&nbsp;[Victory]&nbsp;","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$&nbsp;</a><v-v data-views=\"0\"></v-v>let's see how far can this bull runs.... or runaway bull...&nbsp;[Victory]&nbsp;","text":"$Grab Holdings(GRAB)$ let's see how far can this bull runs.... or runaway bull... [Victory]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963344727","isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963015735,"gmtCreate":1668554221027,"gmtModify":1676538073737,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"😁😊🤚🎉🎊🏆","listText":"😁😊🤚🎉🎊🏆","text":"😁😊🤚🎉🎊🏆","images":[{"img":"https://community-static.tradeup.com/news/33a0fb4bab0d3b8740a10f31342d39b5","width":"1080","height":"1661"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963015735","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9960058696,"gmtCreate":1668037092516,"gmtModify":1676538000937,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Why?? Because of shareholders?","listText":"Why?? Because of shareholders?","text":"Why?? Because of shareholders?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9960058696","repostId":"1110949142","repostType":4,"repost":{"id":"1110949142","pubTimestamp":1668033353,"share":"https://www.laohu8.com/m/news/1110949142?lang=&edition=full","pubTime":"2022-11-10 06:35","market":"us","language":"en","title":"Binance Backs Out of FTX Rescue, Citing Finances, Investigations","url":"https://stock-news.laohu8.com/highlight/detail?id=1110949142","media":"Bloomberg","summary":"Crypto exchange reverses decision a day after announcing itFTX customers could now be on the hook fo","content":"<html><head></head><body><ul><li>Crypto exchange reverses decision a day after announcing it</li><li>FTX customers could now be on the hook for steep losses</li></ul><p>Changpeng “CZ” Zhao walked away from his bailout for Sam Bankman-Fried’s FTX.com almost as quickly as he offered a rescue.</p><p>“Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance, the crypto exchange founded by Zhao, said in a statement.</p><p>An FTX spokesperson declined to comment.</p><p>It became evident in a matter of hours that rescuing FTX would be a tall order for Binance. Its executives found themselves staring into a financial black hole -- a gap between liabilities and assets at FTX that’s probably in the billions, and possibly more than $6 billion, according to a person familiar with the matter.</p><p>On top of that, US regulators are circling FTX, investigating whether the firm properly handled customer funds, as well as its relationship with other parts of Bankman-Fried’s crypto empire, including his trading house Alameda Research, Bloomberg News reported Wednesday.</p><p>Zhao himself admitted there was no“master plan”to take over FTX. His about-face leaves the fate of the beleaguered exchange and its clients uncertain and sparked renewed concerns about contagion risks across the crypto industry. Digital assets tumbled anew, with Bitcoin falling below $16,000 after Binance’s announcement.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/21d5626bc958849f1144c4e14fcfd3ea\" tg-width=\"1000\" tg-height=\"666\" width=\"100%\" height=\"auto\"/><span>Changpeng ZhaoPhotographer: Zed Jameson/Bloomberg</span></p><p>“As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com,” Binance said in the statement.</p><p>For crypto investors, the stakes are high for what happens next. The downfall of Bankman-Fried, the industry’s onetime 30-year-old wunderkind, has cast doubt about which institutions are safe in the still-loosely regulated market.</p><p>While Bankman-Fried is barely a billionaire anymore, Zhao remains the richest person in crypto, with a fortune estimated at $16.4 billion by the Bloomberg Billionaires Index. But even Zhao hasn’t been immune to tumbling crypto prices: His net worth peaked at $97 billion in January.</p><p>Coinbase Chief Executive Officer Brian Armstrong said Tuesday in a Bloomberg TV interview that if the deal with Binance fell through, it would likely mean FTX customers would take losses.</p><p>“That’s a not a good thing for anybody,” he said.</p><p>For crypto market prices: CRYP; for top crypto news: TOP CRYPTO.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Binance Backs Out of FTX Rescue, Citing Finances, Investigations</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\">\nBinance Backs Out of FTX Rescue, Citing Finances, Investigations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-10 06:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-09/binance-seen-likely-to-balk-at-ftx-deal-after-spotting-deep-hole?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Crypto exchange reverses decision a day after announcing itFTX customers could now be on the hook for steep lossesChangpeng “CZ” Zhao walked away from his bailout for Sam Bankman-Fried’s FTX.com ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-09/binance-seen-likely-to-balk-at-ftx-deal-after-spotting-deep-hole?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-09/binance-seen-likely-to-balk-at-ftx-deal-after-spotting-deep-hole?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110949142","content_text":"Crypto exchange reverses decision a day after announcing itFTX customers could now be on the hook for steep lossesChangpeng “CZ” Zhao walked away from his bailout for Sam Bankman-Fried’s FTX.com almost as quickly as he offered a rescue.“Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance, the crypto exchange founded by Zhao, said in a statement.An FTX spokesperson declined to comment.It became evident in a matter of hours that rescuing FTX would be a tall order for Binance. Its executives found themselves staring into a financial black hole -- a gap between liabilities and assets at FTX that’s probably in the billions, and possibly more than $6 billion, according to a person familiar with the matter.On top of that, US regulators are circling FTX, investigating whether the firm properly handled customer funds, as well as its relationship with other parts of Bankman-Fried’s crypto empire, including his trading house Alameda Research, Bloomberg News reported Wednesday.Zhao himself admitted there was no“master plan”to take over FTX. His about-face leaves the fate of the beleaguered exchange and its clients uncertain and sparked renewed concerns about contagion risks across the crypto industry. Digital assets tumbled anew, with Bitcoin falling below $16,000 after Binance’s announcement.Changpeng ZhaoPhotographer: Zed Jameson/Bloomberg“As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com,” Binance said in the statement.For crypto investors, the stakes are high for what happens next. The downfall of Bankman-Fried, the industry’s onetime 30-year-old wunderkind, has cast doubt about which institutions are safe in the still-loosely regulated market.While Bankman-Fried is barely a billionaire anymore, Zhao remains the richest person in crypto, with a fortune estimated at $16.4 billion by the Bloomberg Billionaires Index. But even Zhao hasn’t been immune to tumbling crypto prices: His net worth peaked at $97 billion in January.Coinbase Chief Executive Officer Brian Armstrong said Tuesday in a Bloomberg TV interview that if the deal with Binance fell through, it would likely mean FTX customers would take losses.“That’s a not a good thing for anybody,” he said.For crypto market prices: CRYP; for top crypto news: TOP CRYPTO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984034737,"gmtCreate":1667486790830,"gmtModify":1676537926168,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Soon we may have AppleWorld or AppleHome..... maybe sooner AppleDrive","listText":"Soon we may have AppleWorld or AppleHome..... maybe sooner AppleDrive","text":"Soon we may have AppleWorld or AppleHome..... maybe sooner AppleDrive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9984034737","repostId":"1149171162","repostType":4,"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985715121,"gmtCreate":1667460071264,"gmtModify":1676537922016,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Once in a lifetime to dive.... Hahaha 😂&nbsp;","listText":"Once in a lifetime to dive.... Hahaha 😂&nbsp;","text":"Once in a lifetime to dive.... Hahaha 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9985715121","repostId":"1113649059","repostType":4,"repost":{"id":"1113649059","pubTimestamp":1667456462,"share":"https://www.laohu8.com/m/news/1113649059?lang=&edition=full","pubTime":"2022-11-03 14:21","market":"us","language":"en","title":"Meta Platforms: Once In A Lifetime Buying Opportunity?","url":"https://stock-news.laohu8.com/highlight/detail?id=1113649059","media":"seeking alpha","summary":"SummaryMeta Platforms reported mediocre Q3/22 results and revenue as well as earnings per share decl","content":"<html><head></head><body><h2>Summary</h2><ul><li>Meta Platforms reported mediocre Q3/22 results and revenue as well as earnings per share declined.</li><li>While the company is clearly struggling, the underlying business is still growing, with the number of DAUs increasing and monetization of reels making progress.</li><li>Investors are scared by Zuckerberg&#39;s vision of the Metaverse and the necessary spendings and ignore the underlying, solid business.</li><li>Meta Platforms is deeply undervalued and a great buying opportunity.</li></ul><p><img src=\"https://static.tigerbbs.com/6f02a96342a01b6562b28beddadc0f69\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The pessimism surrounding Meta Platforms, Inc. (NASDAQ:META) is astonishing but certainly not unprecedented. The performance of the stock is reminding of several technology companies during the Dotcom crash and recently several technology companies – including the Chinese counterpart Tencent Holdings (OTCPK:TCEHY,OTCPK:TCTZF) – performed similar. So far, Meta Platforms has lost 75% of its value and turned from a company that was briefly worth above $1 trillion (and among the top companies in the world by market cap) to a $250 billion company ranging only on the 33rdspot on the list of themost valuable companiesin the world.</p><p><img src=\"https://static.tigerbbs.com/149e1f6c0f1b06f4bd721a865db34fac\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>When reading comments – including comments on Seeking Alpha – I seldom see analysis and logic but just expressions of hate for Mark Zuckerberg, using the word “woke” countless times and talking about “Karma.” And while this is obviously no analysis, it is an expression for the sentiment surrounding Meta Platforms. In such a sentiment-driven environment, decisions are often lacking the necessary objectivity to make good investment– which might explain why the stock is trading below $100 and close to the point of maximum pessimism.</p><h2><b>Declining Profitability</b></h2><p>Of course, fundamentals also justify the stock to go lower from its previous all-time highs of $380. And one fundamental problem is the declining profitability for Meta Platforms in the last few quarters. In Q3/22, the company had to report huge declines for the bottom line once again. Diluted earnings per share declined from $3.22 in the same quarter last year to $1.64 this quarter. And when looking at the results for the first nine months, EPS declined from $10.11 in the same timeframe last year to $6.82 this year.</p><p><img src=\"https://static.tigerbbs.com/857f2d072c54ddaffb7f3a2686bbd0fb\" tg-width=\"640\" tg-height=\"457\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Q3/22 Earnings Release</p><p>When looking for the reasons, we can mention several aspects. Although playing only a small role, interest payments of $88 million had a negative effect (due to the company’s $10 billion in long-term debt). Cost of revenue declined about 1% to $5,716 million, but the operating expenses increased dramatically. General and administrative expenses increased 14.9% year-over-year to $3,384 million, and research and development expenses increased 45.2% YoY to $9,170 million. And the result was operating income cut in half from $10,423 million in Q3/21 to $5,664 million this quarter.</p><h2><b>Top Line Growth Slowing Down</b></h2><p>But not only increased costs had a negative effect. Revenue also declined from $29,010 million in Q3/21 to $27,714 million in Q3/22 – resulting in 4.5% decline YoY. Management was pointing out, that on a constant currency basis revenue increased 2% year-over-year. We can also look at the different regions and different segments and see mixed trends. Dave Wehner gave detailsduring the last earnings call:</p><blockquote>The healthcare and travel verticals were the largest positive contributors to growth in Q3. However, this was offset by continued softness in other verticals, including online commerce, gaming, financial services and CPG. On an advertiser size basis, revenue growth from large advertisers remains challenged, while we have seen more resilience among smaller advertisers. Foreign currency was a significant headwind to advertising revenue growth in all international regions. On a user geography basis, year-over-year ad revenue growth was strongest in Asia-Pacific and rest of world at 6% and 3% respectively, with both regions continuing to benefit meaningfully from strong growth in click-to-messaging ads. North America and Europe declined 3% and 16% respectively.</blockquote><p>And during the last few quarters, growth clearly slowed down – when looking at the TTM numbers, revenue growth declined for four quarters in a row from 42.33% growth in September 2021 to only 5.15% right now.</p><p><img src=\"https://static.tigerbbs.com/a6f1dc184b6d72641ab76558dc000ef3\" tg-width=\"640\" tg-height=\"166\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Platforms TTM numbers, year-over-year growth(Seeking Alpha)</p><h2><b>Problems, Problems, Problems?</b></h2><p>We should not ignore the problems Meta Platforms is clearly facing. Revenue growth is slowing down and, due to increasing costs (we will get to that), profitability is declining and earnings per share are crumbling. And the stock certainly deserved to decline in value, but a 75% decline was unjustified – especially as Meta Platforms was not so expensive to begin with (even more true when comparing to several other hyped stocks). When looking at the results in more detail, there are signs to be optimistic.</p><p><b><i>Small Signs of Growth</i></b></p><p>First, on a constant currency basis, revenue increased 2% year-over-year. This is still not great, but we should also not ignore the strong U.S. dollar being a headwind – for Meta Platforms as well as most other U.S. companies. And daily active users for the Family of Apps increased from 2.88 billion last quarter to 2.93 billion this quarter, and year-over-year the DAUs increased about 4%. And daily active users for Facebook also increased from 1,930 million in the same quarter last year to 1,984 million this quarter – resulting in 2.8% year-over-year growth.</p><p><img src=\"https://static.tigerbbs.com/99b9c09e1b3a13a76dc14da26b4f091c\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Platforms Q3/22 Presentation</p><p>Of course, these are not impressive growth rates, but the company is still growing which is good news. During the earnings call, Dave Wehner stated:</p><blockquote>So on time spent, we are really pleased with what we’re seeing on engagement. And as Mark mentioned, Reels is incremental to time spent. Specifically, in terms of aggregate time spent on Instagram and Facebook, both are up year-over-year and in both the U.S. and globally.</blockquote><p>And while revenue stagnated, the total number of ad impressions served across the different apps increased 17%, which is a good sign for underlying growth. Growth was especially driven by Asia-Pacific and rest of world. On the other hand, the average price per ad decreased 18%, but the reasons might be temporary – like the shift to Reels.</p><p><b><i>Shift to Reels</i></b></p><p>Another reason for the top-line troubles is the move from Feed and Stories to Reels, as the monetization is still problematic. During the earnings call, Mark Zuckerberg commented:</p><blockquote>Moving to monetization, I’ve discussed in the past how the growth of short-form video creates near-term challenges since Reels doesn’t monetize at the rate of Feed or Stories yet. That means that as Reels grows, we are displacing revenue from higher monetizing surfaces. And I think this is clearly the right thing to do, so Reels can grow with the demand that we are seeing, but closing this gap is also a high priority. Even with the progress we have made, we are still choosing to take a more than $500 million quarterly revenue headwind with this shift, but we expect to get to a more neutral place over the next 10 – sort of 12 to 18 months. I mentioned last quarter that Instagram Reels had crossed a $1 billion annual revenue run-rate. We continue scaling monetization across both Instagram and Facebook and the combined run-rate across these apps is now $3 billion.</blockquote><p>And Reels is growing quickly and at a high pace. According to Zuckerberg, there are more than 140 billion Reels plays across Facebook and Instagram each day, which is a 50% increase from 6 months ago. And although this is not backed up by numbers, Zuckerberg believes that Meta is gaining time spent share on competitors like TikTok.</p><p>And the path for Reels monetization seems similar than the path towards monetization of Feeds or the switch to mobile. The company first had to focus on increasing engagement and growing demand for the products. Monetization efficiency followed in the next step. But Zuckerberg also admits it is hard to predict the monetization efficiency for Reels in advance.</p><p><b><i>New Ways of Monetization</i></b></p><p>Aside from trying to monetize Reels more efficiently, Meta Platforms is also seeing another major monetization opportunity in messaging. During the last earnings call, Mark Zuckerberg explained:</p><blockquote>Beyond Reels, messaging is another major monetization opportunity. Billions of people and millions of businesses use WhatsApp and Messenger everyday and we are confident that we can connect them in ways that create valuable experiences. We started with click-to-messaging ads which lets businesses run ads on Facebook and Instagram that start a thread on Messenger, WhatsApp or Instagram Direct, so they can communicate with customers directly. And this is one of our fastest growing ads products with a $9 billion annual run-rate.</blockquote><p>In theprevious earnings call, the company already pointed out the big potential it sees in messaging. Meta Platforms reported strong double-digit year-over-year growth rates, and these messages are particular popular with small and medium-sized businesses in emerging markets like Brazil and Mexico.</p><h2><b>Scary Metaverse</b></h2><p>In my opinion, investors are mostly scared by Mark Zuckerberg’s plans for the Metaverse and the huge expenses necessary. By focusing on the Metaverse (and seeing it as a huge cash-burning fantasy of a billionaire), they are overlooking that Meta Platforms is still a solid, highly profitable cash cow (yes it is, even when it will struggle for a few quarters). And the vision of the Metaverse is generating uncertainty, and investors don’t like uncertainty.</p><p>And there are reasons to be cautious (or even pessimistic). In the last few weeks, disappointing data about the Metaverse has been reported – aboutusers not returningand fewer than 200k users signing up forthe Horizon World. And when looking at the results for the third quarter of fiscal 2022, revenue for the Reality Labs business segment was only $285 million and 49% lower than in the same quarter last year. And not very surprisingly, the segment had to report an operating loss once again - $3,672 million. And when looking at the last eight quarters, this is the biggest operating loss for the segment so far.</p><p><img src=\"https://static.tigerbbs.com/ef035e590029c005f6cf20a38e2d2cd8\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Platforms Q3/22 Presentation</p><p>What shocked investors in particular was the fact that Meta Platforms won’t cut down on spendings and will continue to rely heavily on its vision of the Metaverse. While total expenses for fiscal 2022 are expected to be in the range of $85 billion to $87 billion, management is anticipating full year 2023 total expenses to be in the range of $96 billion to $101 billion. And management is also anticipating that Reality Labs operating losses will grow significantly year-over-year.</p><p>And the voices are getting louder that Mark Zuckerberg should let go of his vision of the Metaverse and cut spendings to an absolute minimum. But Zuckerberg seems to hold on to his vision, and although he is acknowledging it will take time (several years) and several tries before the right platforms and apps exist, he is optimistic that Meta Platforms is on the right path:</p><blockquote>Work in the metaverse is a big theme for Quest Pro. There are 200 million people who get new PCs every year, mostly for work. And our goal for the Quest Pro line over the next several years is to enable more and more of these people to get their work done in virtual and mixed reality eventually even better than they could on PCs. And to deliver a great work and productivity experience, I am excited about the partnerships that we announced with Microsoft, bringing their suite of productivity and enterprise management services to Quest; Adobe and Autodesk bringing their creative tools; Zoom bringing their communication platform; Accenture building solutions for enterprises and more.</blockquote><h2><b>Takeaway</b></h2><p>In my opinion, we can break this story down in two key messages:</p><ol><li><b>Business Cycle</b>: Meta Platforms is a company undergoing a cyclical low – like several other technology companies – and is therefore reporting low growth rates and is struggling on several fronts. Considering the fact that we are on the eve of a major recession it is not surprising for a business depending on advertisement revenue to report slowing revenue growth. And not only Meta Platforms is struggling – peers like Alphabet (GOOG,GOOGL), Amazon (AMZN), and Tencent are struggling as well.</li><li><b>Investing in the future</b>: Meta Platforms is investing in its huge vision of the metaverse, which is expensive and has a negative impact on the bottom line and the company’s ability to generate free cash flow.</li></ol><p>These two aspects combined create a scenario that looks like Armageddon for Meta Platforms – but it is not. The first problem (the cyclical low) will pass, and revenue growth and profitability will increase again. The second problem (high expenditures) could actually be a huge opportunity for billions and billions in profits in the years to come. And this is even if the scenario that Meta Platforms is failing with its vision of the Metaverse and Facebook and Instagram just returning to normal ways of profitability after the recession is not priced in (the current stock price, at least).</p><p><b>Intrinsic Value Calculation</b></p><p>And as I have mentioned several times in the past, the Metaverse does not have to work out in any way for Meta Platforms to be a bargain. It is not like we are paying any form of premium for Meta Platforms on the hope of billions in profits from the Metaverse. Just returning to previous profitability levels and generating about $40 billion in free cash flow would make the stock worth about $150 (without any growth assumptions).</p><p>And although it sounds absurd right now, Meta Platforms should be able to grow in the mid-to-high single digits in the years to come. Not only have we to assume Meta Platforms being able to grow its top line again. Additionally, Meta Platforms could use share buybacks to grow its bottom line (if all the other growth initiatives won’t work). Last quarter, Meta Platforms spent $7,365 million on share buybacks, which is resulting in $29,460 million on annual share buybacks. At the current depressed stock price, this is enough to repurchase more than 10% of outstanding shares and add 10% growth to the bottom line. Combined with revenue growth, this would lead to double-digit growth for Meta Platforms.</p><p><img src=\"https://static.tigerbbs.com/3a3f2e36a81b7d1cc2906ceb54b94bbb\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Platforms Q3/22 Presentation</p><p>Free cash flow in the last four quarters was $25,713 million and we are using this amount as basis in our calculation. For fiscal 2023, we assume 0% growth as the company is not so optimistic for the next years and the recession will have a negative impact. For the years from fiscal 2024 going forward (and till perpetuity), we assume only 5% growth. This is resulting in an intrinsic value of $182.69 (assuming 2,687 million outstanding shares and 10% discount rate). When assuming 6% instead, the intrinsic value would be $221.44, and these are still cautious assumptions.</p><h2>Conclusion</h2><p>In past articles I mentioned several times that I don’t like the term “buying opportunity of a lifetime” – especially as it was often used after small corrections implying that a 10% or 20% correction is already generating a deeply undervalued stock. But Meta Platforms is a huge buying opportunity, in my opinion, and the stock could easily double or triple over the next few years as Meta Platforms is trading nowhere close to its intrinsic value. In different calculations (which I did not include in this article), we also get an intrinsic value around $400 for Meta Platforms right now.</p><p>And in the coming quarters, bad news will continue as the recession, which will hit the United States with a highprobability in 2023, will lead to more trouble for Meta Platforms. But at this point, most of the bad news should be priced in, and further bad news should not be a major shock. Over the next few years, you probably won’t regret an investment in Meta Platforms (and for the next few quarters just go to sleep, as we don’t know what will happen).</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Platforms: Once In A Lifetime Buying Opportunity?</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\">\nMeta Platforms: Once In A Lifetime Buying Opportunity?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-03 14:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4551989-meta-platforms-once-in-a-lifetime-buying-opportunity><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMeta Platforms reported mediocre Q3/22 results and revenue as well as earnings per share declined.While the company is clearly struggling, the underlying business is still growing, with the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4551989-meta-platforms-once-in-a-lifetime-buying-opportunity\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms"},"source_url":"https://seekingalpha.com/article/4551989-meta-platforms-once-in-a-lifetime-buying-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113649059","content_text":"SummaryMeta Platforms reported mediocre Q3/22 results and revenue as well as earnings per share declined.While the company is clearly struggling, the underlying business is still growing, with the number of DAUs increasing and monetization of reels making progress.Investors are scared by Zuckerberg's vision of the Metaverse and the necessary spendings and ignore the underlying, solid business.Meta Platforms is deeply undervalued and a great buying opportunity.The pessimism surrounding Meta Platforms, Inc. (NASDAQ:META) is astonishing but certainly not unprecedented. The performance of the stock is reminding of several technology companies during the Dotcom crash and recently several technology companies – including the Chinese counterpart Tencent Holdings (OTCPK:TCEHY,OTCPK:TCTZF) – performed similar. So far, Meta Platforms has lost 75% of its value and turned from a company that was briefly worth above $1 trillion (and among the top companies in the world by market cap) to a $250 billion company ranging only on the 33rdspot on the list of themost valuable companiesin the world.Data byYChartsWhen reading comments – including comments on Seeking Alpha – I seldom see analysis and logic but just expressions of hate for Mark Zuckerberg, using the word “woke” countless times and talking about “Karma.” And while this is obviously no analysis, it is an expression for the sentiment surrounding Meta Platforms. In such a sentiment-driven environment, decisions are often lacking the necessary objectivity to make good investment– which might explain why the stock is trading below $100 and close to the point of maximum pessimism.Declining ProfitabilityOf course, fundamentals also justify the stock to go lower from its previous all-time highs of $380. And one fundamental problem is the declining profitability for Meta Platforms in the last few quarters. In Q3/22, the company had to report huge declines for the bottom line once again. Diluted earnings per share declined from $3.22 in the same quarter last year to $1.64 this quarter. And when looking at the results for the first nine months, EPS declined from $10.11 in the same timeframe last year to $6.82 this year.Meta Q3/22 Earnings ReleaseWhen looking for the reasons, we can mention several aspects. Although playing only a small role, interest payments of $88 million had a negative effect (due to the company’s $10 billion in long-term debt). Cost of revenue declined about 1% to $5,716 million, but the operating expenses increased dramatically. General and administrative expenses increased 14.9% year-over-year to $3,384 million, and research and development expenses increased 45.2% YoY to $9,170 million. And the result was operating income cut in half from $10,423 million in Q3/21 to $5,664 million this quarter.Top Line Growth Slowing DownBut not only increased costs had a negative effect. Revenue also declined from $29,010 million in Q3/21 to $27,714 million in Q3/22 – resulting in 4.5% decline YoY. Management was pointing out, that on a constant currency basis revenue increased 2% year-over-year. We can also look at the different regions and different segments and see mixed trends. Dave Wehner gave detailsduring the last earnings call:The healthcare and travel verticals were the largest positive contributors to growth in Q3. However, this was offset by continued softness in other verticals, including online commerce, gaming, financial services and CPG. On an advertiser size basis, revenue growth from large advertisers remains challenged, while we have seen more resilience among smaller advertisers. Foreign currency was a significant headwind to advertising revenue growth in all international regions. On a user geography basis, year-over-year ad revenue growth was strongest in Asia-Pacific and rest of world at 6% and 3% respectively, with both regions continuing to benefit meaningfully from strong growth in click-to-messaging ads. North America and Europe declined 3% and 16% respectively.And during the last few quarters, growth clearly slowed down – when looking at the TTM numbers, revenue growth declined for four quarters in a row from 42.33% growth in September 2021 to only 5.15% right now.Meta Platforms TTM numbers, year-over-year growth(Seeking Alpha)Problems, Problems, Problems?We should not ignore the problems Meta Platforms is clearly facing. Revenue growth is slowing down and, due to increasing costs (we will get to that), profitability is declining and earnings per share are crumbling. And the stock certainly deserved to decline in value, but a 75% decline was unjustified – especially as Meta Platforms was not so expensive to begin with (even more true when comparing to several other hyped stocks). When looking at the results in more detail, there are signs to be optimistic.Small Signs of GrowthFirst, on a constant currency basis, revenue increased 2% year-over-year. This is still not great, but we should also not ignore the strong U.S. dollar being a headwind – for Meta Platforms as well as most other U.S. companies. And daily active users for the Family of Apps increased from 2.88 billion last quarter to 2.93 billion this quarter, and year-over-year the DAUs increased about 4%. And daily active users for Facebook also increased from 1,930 million in the same quarter last year to 1,984 million this quarter – resulting in 2.8% year-over-year growth.Meta Platforms Q3/22 PresentationOf course, these are not impressive growth rates, but the company is still growing which is good news. During the earnings call, Dave Wehner stated:So on time spent, we are really pleased with what we’re seeing on engagement. And as Mark mentioned, Reels is incremental to time spent. Specifically, in terms of aggregate time spent on Instagram and Facebook, both are up year-over-year and in both the U.S. and globally.And while revenue stagnated, the total number of ad impressions served across the different apps increased 17%, which is a good sign for underlying growth. Growth was especially driven by Asia-Pacific and rest of world. On the other hand, the average price per ad decreased 18%, but the reasons might be temporary – like the shift to Reels.Shift to ReelsAnother reason for the top-line troubles is the move from Feed and Stories to Reels, as the monetization is still problematic. During the earnings call, Mark Zuckerberg commented:Moving to monetization, I’ve discussed in the past how the growth of short-form video creates near-term challenges since Reels doesn’t monetize at the rate of Feed or Stories yet. That means that as Reels grows, we are displacing revenue from higher monetizing surfaces. And I think this is clearly the right thing to do, so Reels can grow with the demand that we are seeing, but closing this gap is also a high priority. Even with the progress we have made, we are still choosing to take a more than $500 million quarterly revenue headwind with this shift, but we expect to get to a more neutral place over the next 10 – sort of 12 to 18 months. I mentioned last quarter that Instagram Reels had crossed a $1 billion annual revenue run-rate. We continue scaling monetization across both Instagram and Facebook and the combined run-rate across these apps is now $3 billion.And Reels is growing quickly and at a high pace. According to Zuckerberg, there are more than 140 billion Reels plays across Facebook and Instagram each day, which is a 50% increase from 6 months ago. And although this is not backed up by numbers, Zuckerberg believes that Meta is gaining time spent share on competitors like TikTok.And the path for Reels monetization seems similar than the path towards monetization of Feeds or the switch to mobile. The company first had to focus on increasing engagement and growing demand for the products. Monetization efficiency followed in the next step. But Zuckerberg also admits it is hard to predict the monetization efficiency for Reels in advance.New Ways of MonetizationAside from trying to monetize Reels more efficiently, Meta Platforms is also seeing another major monetization opportunity in messaging. During the last earnings call, Mark Zuckerberg explained:Beyond Reels, messaging is another major monetization opportunity. Billions of people and millions of businesses use WhatsApp and Messenger everyday and we are confident that we can connect them in ways that create valuable experiences. We started with click-to-messaging ads which lets businesses run ads on Facebook and Instagram that start a thread on Messenger, WhatsApp or Instagram Direct, so they can communicate with customers directly. And this is one of our fastest growing ads products with a $9 billion annual run-rate.In theprevious earnings call, the company already pointed out the big potential it sees in messaging. Meta Platforms reported strong double-digit year-over-year growth rates, and these messages are particular popular with small and medium-sized businesses in emerging markets like Brazil and Mexico.Scary MetaverseIn my opinion, investors are mostly scared by Mark Zuckerberg’s plans for the Metaverse and the huge expenses necessary. By focusing on the Metaverse (and seeing it as a huge cash-burning fantasy of a billionaire), they are overlooking that Meta Platforms is still a solid, highly profitable cash cow (yes it is, even when it will struggle for a few quarters). And the vision of the Metaverse is generating uncertainty, and investors don’t like uncertainty.And there are reasons to be cautious (or even pessimistic). In the last few weeks, disappointing data about the Metaverse has been reported – aboutusers not returningand fewer than 200k users signing up forthe Horizon World. And when looking at the results for the third quarter of fiscal 2022, revenue for the Reality Labs business segment was only $285 million and 49% lower than in the same quarter last year. And not very surprisingly, the segment had to report an operating loss once again - $3,672 million. And when looking at the last eight quarters, this is the biggest operating loss for the segment so far.Meta Platforms Q3/22 PresentationWhat shocked investors in particular was the fact that Meta Platforms won’t cut down on spendings and will continue to rely heavily on its vision of the Metaverse. While total expenses for fiscal 2022 are expected to be in the range of $85 billion to $87 billion, management is anticipating full year 2023 total expenses to be in the range of $96 billion to $101 billion. And management is also anticipating that Reality Labs operating losses will grow significantly year-over-year.And the voices are getting louder that Mark Zuckerberg should let go of his vision of the Metaverse and cut spendings to an absolute minimum. But Zuckerberg seems to hold on to his vision, and although he is acknowledging it will take time (several years) and several tries before the right platforms and apps exist, he is optimistic that Meta Platforms is on the right path:Work in the metaverse is a big theme for Quest Pro. There are 200 million people who get new PCs every year, mostly for work. And our goal for the Quest Pro line over the next several years is to enable more and more of these people to get their work done in virtual and mixed reality eventually even better than they could on PCs. And to deliver a great work and productivity experience, I am excited about the partnerships that we announced with Microsoft, bringing their suite of productivity and enterprise management services to Quest; Adobe and Autodesk bringing their creative tools; Zoom bringing their communication platform; Accenture building solutions for enterprises and more.TakeawayIn my opinion, we can break this story down in two key messages:Business Cycle: Meta Platforms is a company undergoing a cyclical low – like several other technology companies – and is therefore reporting low growth rates and is struggling on several fronts. Considering the fact that we are on the eve of a major recession it is not surprising for a business depending on advertisement revenue to report slowing revenue growth. And not only Meta Platforms is struggling – peers like Alphabet (GOOG,GOOGL), Amazon (AMZN), and Tencent are struggling as well.Investing in the future: Meta Platforms is investing in its huge vision of the metaverse, which is expensive and has a negative impact on the bottom line and the company’s ability to generate free cash flow.These two aspects combined create a scenario that looks like Armageddon for Meta Platforms – but it is not. The first problem (the cyclical low) will pass, and revenue growth and profitability will increase again. The second problem (high expenditures) could actually be a huge opportunity for billions and billions in profits in the years to come. And this is even if the scenario that Meta Platforms is failing with its vision of the Metaverse and Facebook and Instagram just returning to normal ways of profitability after the recession is not priced in (the current stock price, at least).Intrinsic Value CalculationAnd as I have mentioned several times in the past, the Metaverse does not have to work out in any way for Meta Platforms to be a bargain. It is not like we are paying any form of premium for Meta Platforms on the hope of billions in profits from the Metaverse. Just returning to previous profitability levels and generating about $40 billion in free cash flow would make the stock worth about $150 (without any growth assumptions).And although it sounds absurd right now, Meta Platforms should be able to grow in the mid-to-high single digits in the years to come. Not only have we to assume Meta Platforms being able to grow its top line again. Additionally, Meta Platforms could use share buybacks to grow its bottom line (if all the other growth initiatives won’t work). Last quarter, Meta Platforms spent $7,365 million on share buybacks, which is resulting in $29,460 million on annual share buybacks. At the current depressed stock price, this is enough to repurchase more than 10% of outstanding shares and add 10% growth to the bottom line. Combined with revenue growth, this would lead to double-digit growth for Meta Platforms.Meta Platforms Q3/22 PresentationFree cash flow in the last four quarters was $25,713 million and we are using this amount as basis in our calculation. For fiscal 2023, we assume 0% growth as the company is not so optimistic for the next years and the recession will have a negative impact. For the years from fiscal 2024 going forward (and till perpetuity), we assume only 5% growth. This is resulting in an intrinsic value of $182.69 (assuming 2,687 million outstanding shares and 10% discount rate). When assuming 6% instead, the intrinsic value would be $221.44, and these are still cautious assumptions.ConclusionIn past articles I mentioned several times that I don’t like the term “buying opportunity of a lifetime” – especially as it was often used after small corrections implying that a 10% or 20% correction is already generating a deeply undervalued stock. But Meta Platforms is a huge buying opportunity, in my opinion, and the stock could easily double or triple over the next few years as Meta Platforms is trading nowhere close to its intrinsic value. In different calculations (which I did not include in this article), we also get an intrinsic value around $400 for Meta Platforms right now.And in the coming quarters, bad news will continue as the recession, which will hit the United States with a highprobability in 2023, will lead to more trouble for Meta Platforms. But at this point, most of the bad news should be priced in, and further bad news should not be a major shock. Over the next few years, you probably won’t regret an investment in Meta Platforms (and for the next few quarters just go to sleep, as we don’t know what will happen).","news_type":1},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981844886,"gmtCreate":1666484368045,"gmtModify":1676537759717,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/579.SI\">$OCEANUS GROUP LIMITED(579.SI)$</a>looks like the year end sales is going to give this stock a booster","listText":"<a href=\"https://ttm.financial/S/579.SI\">$OCEANUS GROUP LIMITED(579.SI)$</a>looks like the year end sales is going to give this stock a booster","text":"$OCEANUS GROUP LIMITED(579.SI)$looks like the year end sales is going to give this stock a booster","images":[{"img":"https://community-static.tradeup.com/news/17563693f8b52ddd42a83722571eb129","width":"1080","height":"2497"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":35,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/9981844886","isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9906920021,"gmtCreate":1659482525465,"gmtModify":1705980712631,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>slighly slow as per what i looking for 3.0 by end july, but looks good and on track to hit 3.5 buy mid Aug. 😊👍","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>slighly slow as per what i looking for 3.0 by end july, but looks good and on track to hit 3.5 buy mid Aug. 😊👍","text":"$Grab Holdings(GRAB)$slighly slow as per what i looking for 3.0 by end july, but looks good and on track to hit 3.5 buy mid Aug. 😊👍","images":[{"img":"https://community-static.tradeup.com/news/5a321343911543b580f12f54419f2c84","width":"1080","height":"3568"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":66,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906920021","isVote":1,"tweetType":1,"viewCount":1731,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0},"content":"looks like is faster then what I expected... but better hold on till the next up beat... tonight looks good enough to stay within 3.40 or 3.50... let's see tomolo...","text":"looks like is faster then what I expected... but better hold on till the next up beat... tonight looks good enough to stay within 3.40 or 3.50... let's see tomolo...","html":"looks like is faster then what I expected... but better hold on till the next up beat... tonight looks good enough to stay within 3.40 or 3.50... let's see tomolo..."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9049705692,"gmtCreate":1655847730316,"gmtModify":1676535714650,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>looks like is slowly gaining the strength.... let's wait for the bulls call..... Mmmmuuuuuu! 😆😁","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>looks like is slowly gaining the strength.... let's wait for the bulls call..... Mmmmuuuuuu! 😆😁","text":"$Grab Holdings(GRAB)$looks like is slowly gaining the strength.... let's wait for the bulls call..... Mmmmuuuuuu! 😆😁","images":[{"img":"https://community-static.tradeup.com/news/26e4e3a41aa8a7f1b4d68417af988be3","width":"1080","height":"3568"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":24,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049705692","isVote":1,"tweetType":1,"viewCount":636,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582699680917595","authorId":"3582699680917595","name":"Hett","avatar":"https://static.tigerbbs.com/538abd1cb14779c0920c643a0a0ba120","crmLevel":4,"crmLevelSwitch":0},"content":"Will it ever go back??","text":"Will it ever go back??","html":"Will it ever go back??"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9073331362,"gmtCreate":1657279872956,"gmtModify":1676535984400,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>i still think there are more rooms to pickup once overall market open up.... but recession maybe next challenge.... let's see if the holding point at 3.0","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>i still think there are more rooms to pickup once overall market open up.... but recession maybe next challenge.... let's see if the holding point at 3.0","text":"$Grab Holdings(GRAB)$i still think there are more rooms to pickup once overall market open up.... but recession maybe next challenge.... let's see if the holding point at 3.0","images":[{"img":"https://community-static.tradeup.com/news/40d2b14a2955cca35bf75361e471e430","width":"1080","height":"3568"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":29,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073331362","isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586523572609006","authorId":"3586523572609006","name":"MTjondro","avatar":"https://static.tigerbbs.com/8a3d8811e8f56f1cd220662ac0fab1b6","crmLevel":2,"crmLevelSwitch":0},"content":"I dont know about ‘startup-company’ things. But when i see their ratios, without their fundamentals, what i know is i dont want to invest in this kinda company","text":"I dont know about ‘startup-company’ things. But when i see their ratios, without their fundamentals, what i know is i dont want to invest in this kinda company","html":"I dont know about ‘startup-company’ things. But when i see their ratios, without their fundamentals, what i know is i dont want to invest in this kinda company"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9981844886,"gmtCreate":1666484368045,"gmtModify":1676537759717,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/579.SI\">$OCEANUS GROUP LIMITED(579.SI)$</a>looks like the year end sales is going to give this stock a booster","listText":"<a href=\"https://ttm.financial/S/579.SI\">$OCEANUS GROUP LIMITED(579.SI)$</a>looks like the year end sales is going to give this stock a booster","text":"$OCEANUS GROUP LIMITED(579.SI)$looks like the year end sales is going to give this stock a booster","images":[{"img":"https://community-static.tradeup.com/news/17563693f8b52ddd42a83722571eb129","width":"1080","height":"2497"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":35,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/9981844886","isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9051640813,"gmtCreate":1654691306832,"gmtModify":1676535492455,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO.SI\">$NIO Inc.(NIO.SI)$</a>this stock is shooting like a rocket..... maybe preparing to delist from US market?","listText":"<a href=\"https://ttm.financial/S/NIO.SI\">$NIO Inc.(NIO.SI)$</a>this stock is shooting like a rocket..... maybe preparing to delist from US market?","text":"$NIO Inc.(NIO.SI)$this stock is shooting like a rocket..... maybe preparing to delist from US market?","images":[{"img":"https://community-static.tradeup.com/news/5cbcf0e10faab6fcc457809651737fca","width":"1080","height":"3469"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051640813","isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4102815868703010","authorId":"4102815868703010","name":"mster","avatar":"https://community-static.tradeup.com/news/81a8fe18bd419696551df5320d8db477","crmLevel":6,"crmLevelSwitch":0},"content":"Missed it at $16+","text":"Missed it at $16+","html":"Missed it at $16+"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9051050717,"gmtCreate":1654612241339,"gmtModify":1676535478437,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a>looks like the community works work well... Great platform for the mid and low income families","listText":"<a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a>looks like the community works work well... Great platform for the mid and low income families","text":"$Pinduoduo Inc.(PDD)$looks like the community works work well... Great platform for the mid and low income families","images":[{"img":"https://community-static.tradeup.com/news/73919bbe22b6484b63cb501423a80688","width":"1080","height":"3596"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051050717","isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":259779853688880,"gmtCreate":1704433288669,"gmtModify":1704433291943,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S56.SI\">$SamuderaShipping(S56.SI)$ </a> looks there is something boiling up.... 🌋🌋🌋↗️↗️↗️","listText":"<a href=\"https://ttm.financial/S/S56.SI\">$SamuderaShipping(S56.SI)$ </a> looks there is something boiling up.... 🌋🌋🌋↗️↗️↗️","text":"$SamuderaShipping(S56.SI)$ looks there is something boiling up.... 🌋🌋🌋↗️↗️↗️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259779853688880","isVote":1,"tweetType":1,"viewCount":702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289182469713920,"gmtCreate":1711610727264,"gmtModify":1711610732310,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/JYEU.SI\">$Lendlease Reit(JYEU.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/JYEU.SI\">$Lendlease Reit(JYEU.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Lendlease Reit(JYEU.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289182469713920","isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984034737,"gmtCreate":1667486790830,"gmtModify":1676537926168,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Soon we may have AppleWorld or AppleHome..... maybe sooner AppleDrive","listText":"Soon we may have AppleWorld or AppleHome..... maybe sooner AppleDrive","text":"Soon we may have AppleWorld or AppleHome..... maybe sooner AppleDrive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9984034737","repostId":"1149171162","repostType":4,"repost":{"id":"1149171162","pubTimestamp":1667488574,"share":"https://www.laohu8.com/m/news/1149171162?lang=&edition=full","pubTime":"2022-11-03 23:16","market":"us","language":"en","title":"Apple's Resilience Is Unjustified - Here Is Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1149171162","media":"seekingalpha","summary":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, lar","content":"<html><head></head><body><p>Summary</p><ul><li>Apple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company&#39;s continued strong earnings reports.</li><li>I&#39;ll highlight the reasons for Apple&#39;s strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.</li><li>However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.</li><li>The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.</li><li>I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.</li></ul><h3>Introduction And Investment Thesis</h3><p>Last week, <a href=\"https://laohu8.com/S/AAPL\">Apple</a> surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street&#39;s positive reaction hardly seems surprising.</p><p>I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:</p><ul><li>Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple&#39;s gadgets enjoy the ranks of status symbols.</li></ul><ul><li>Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.</li></ul><ul><li>Where others have managed to develop either standout smartphone technology (e.g., Samsung&#39;s Galaxy series) or a smartphone operating system (Google&#39;s Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.</li></ul><ul><li>The company&#39;s balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.</li></ul><p>It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple&#39;s normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.</p><p>Apple Is Rightly Touted As A Major Cash Flow Machine</p><p>When it comes to the question of why Apple stock should command a premium valuation, many investors point to the company&#39;s strong cash flow. I do not disagree, and in fact, Apple&#39;s cash flow is one reason I would like to own shares in the company.</p><p>My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.</p><p>Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company&#39;s conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple&#39;s stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).</p><p><img src=\"https://static.tigerbbs.com/634624a2a799950e29c025c2e979a431\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.</p><p>Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.</p><p><img src=\"https://static.tigerbbs.com/018899362ea317f0a826fd5072e9f3c0\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.</p><h3>Reasons For Apple&#39;s Outstanding Free Cash Flow Growth - And Why It May Not Be Sustainable</h3><p>Apple&#39;s free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company&#39;s future cash flows, discounted to today at an appropriate rate.</p><h3>Strong Brand Stickiness, Pricing Power - But Discretionary Products After All</h3><p>As already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple&#39;s software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.</p><h3>Geographical Concentration Risks</h3><p>Investors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.</p><p>Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.</p><p>A deep recession in Europe is also likely to impact Apple&#39;s supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).</p><p>Of course, Apple&#39;s global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.</p><h3>Sustainability Of App Store Margins</h3><p>Software developers have noticed the seemingly unstoppable growth of Apple&#39;s installed base, which probably recently passed the2 billion mark. Apple&#39;s growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple&#39;s subscription-based sales. I view it as largely positive that Apple&#39;s (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.</p><p>Working Capital Management</p><p>Another aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).</p><p>Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.</p><p>Improved conditions for app developers, as hypothesized above, could also put pressure on Apple&#39;s working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple&#39;s hardware segment.</p><p><img src=\"https://static.tigerbbs.com/cd5c74594b446fea946163da22c51878\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.</p><h3>Possible Signs Of Underinvestment And The Course Toward Mean Reversion</h3><p>It is also worth noting Apple&#39;s capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.</p><p><img src=\"https://static.tigerbbs.com/02df2459453a284cd343b9f1bb690fe5\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple&#39;s key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.</p><p>At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.</p><h3>What Is Currently Priced Into AAPL Stock?</h3><p>Several aspects underlying Apple&#39;s excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple&#39;s recent cash flows, which provide a basis for valuing the stock.</p><p>First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple&#39;s nFCF per share versus split-adjusted price per share. Clearly, Apple&#39;s stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.</p><p><img src=\"https://static.tigerbbs.com/f7d675df943d6075843ba251551a1796\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)</p><p>Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple&#39;s average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.</p><p>Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.</p><p><img src=\"https://static.tigerbbs.com/717fa79d412f6b54795b36161c6ec657\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 6: Cash flows underlying Apple&#39;s discounted cash flow analysis; terminal value not shown (own work)</p><p>Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.</p><p>Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.</p><p>Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.</p><p>However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company&#39;s valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.</p><p><img src=\"https://static.tigerbbs.com/e3a0cff58027ed2abd92ab04313f85e4\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)</p><h3>Concluding Remarks</h3><p>There is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.</p><p>Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.</p><p>As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?</p><p>If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.</p><p>Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Resilience Is Unjustified - Here Is 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\">\nApple's Resilience Is Unjustified - Here Is Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-03 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's ...</p>\n\n<a href=\"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why\">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/4552001-apples-resilience-is-unjustified-here-is-why","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1149171162","content_text":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.Introduction And Investment ThesisLast week, Apple surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street's positive reaction hardly seems surprising.I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple's gadgets enjoy the ranks of status symbols.Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.Where others have managed to develop either standout smartphone technology (e.g., Samsung's Galaxy series) or a smartphone operating system (Google's Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.The company's balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple's normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.Apple Is Rightly Touted As A Major Cash Flow MachineWhen it comes to the question of why Apple stock should command a premium valuation, many investors point to the company's strong cash flow. I do not disagree, and in fact, Apple's cash flow is one reason I would like to own shares in the company.My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company's conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple's stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.Reasons For Apple's Outstanding Free Cash Flow Growth - And Why It May Not Be SustainableApple's free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company's future cash flows, discounted to today at an appropriate rate.Strong Brand Stickiness, Pricing Power - But Discretionary Products After AllAs already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple's software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.Geographical Concentration RisksInvestors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.A deep recession in Europe is also likely to impact Apple's supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).Of course, Apple's global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.Sustainability Of App Store MarginsSoftware developers have noticed the seemingly unstoppable growth of Apple's installed base, which probably recently passed the2 billion mark. Apple's growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple's subscription-based sales. I view it as largely positive that Apple's (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.Working Capital ManagementAnother aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.Improved conditions for app developers, as hypothesized above, could also put pressure on Apple's working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple's hardware segment.Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.Possible Signs Of Underinvestment And The Course Toward Mean ReversionIt is also worth noting Apple's capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple's key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.What Is Currently Priced Into AAPL Stock?Several aspects underlying Apple's excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple's recent cash flows, which provide a basis for valuing the stock.First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple's nFCF per share versus split-adjusted price per share. Clearly, Apple's stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple's average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.Figure 6: Cash flows underlying Apple's discounted cash flow analysis; terminal value not shown (own work)Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company's valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)Concluding RemarksThere is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014287721,"gmtCreate":1649668847834,"gmtModify":1676534547892,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Seen 2018 I've stop buying iPhones after so many years.... and I know the reason now.&nbsp;","listText":"Seen 2018 I've stop buying iPhones after so many years.... and I know the reason now.&nbsp;","text":"Seen 2018 I've stop buying iPhones after so many years.... and I know the reason now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014287721","repostId":"2226834286","repostType":2,"repost":{"id":"2226834286","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1649721672,"share":"https://www.laohu8.com/m/news/2226834286?lang=&edition=full","pubTime":"2022-04-12 08:01","market":"us","language":"en","title":"Apple Starts Manufacturing iphone 13 in India","url":"https://stock-news.laohu8.com/highlight/detail?id=2226834286","media":"Reuters","summary":"NEW DELHI, April 11 (Reuters) - Apple Inc has started making the iPhone 13 in India, the company sai","content":"<html><head></head><body><p>NEW DELHI, April 11 (Reuters) - Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the U.S tech giant tries to reduce reliance on its Chinese supply chain.</p><p>The phone is being produced at a local plant of Apple&#39;s Taiwanese contract manufacturer Foxconn   , situated in the town of Sriperumbudur in Southern Tamil Nadu state, according to a source.</p><p>Apple has been shifting some areas of iPhone production from China to other markets including India, the world&#39;s second biggest smartphone market, and is also planning to assemble iPad tablets there.</p><p>India and countries such as Mexico and Vietnam are becoming increasingly important to contract manufacturers supplying American brands as they try to diversify production away from China.</p><p>The iPhone 13 is the fourth model to be produced locally after Apple launched manufacturing operations in India in 2017 with the iPhone SE.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Starts Manufacturing iphone 13 in India</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 Starts Manufacturing iphone 13 in India\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-12 08:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NEW DELHI, April 11 (Reuters) - Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the U.S tech giant tries to reduce reliance on its Chinese supply chain.</p><p>The phone is being produced at a local plant of Apple&#39;s Taiwanese contract manufacturer Foxconn   , situated in the town of Sriperumbudur in Southern Tamil Nadu state, according to a source.</p><p>Apple has been shifting some areas of iPhone production from China to other markets including India, the world&#39;s second biggest smartphone market, and is also planning to assemble iPad tablets there.</p><p>India and countries such as Mexico and Vietnam are becoming increasingly important to contract manufacturers supplying American brands as they try to diversify production away from China.</p><p>The iPhone 13 is the fourth model to be produced locally after Apple launched manufacturing operations in India in 2017 with the iPhone SE.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4507":"流媒体概念","BK4581":"高盛持仓","BK4512":"苹果概念","AAPL":"苹果","BK4170":"电脑硬件、储存设备及电脑周边","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2226834286","content_text":"NEW DELHI, April 11 (Reuters) - Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the U.S tech giant tries to reduce reliance on its Chinese supply chain.The phone is being produced at a local plant of Apple's Taiwanese contract manufacturer Foxconn   , situated in the town of Sriperumbudur in Southern Tamil Nadu state, according to a source.Apple has been shifting some areas of iPhone production from China to other markets including India, the world's second biggest smartphone market, and is also planning to assemble iPad tablets there.India and countries such as Mexico and Vietnam are becoming increasingly important to contract manufacturers supplying American brands as they try to diversify production away from China.The iPhone 13 is the fourth model to be produced locally after Apple launched manufacturing operations in India in 2017 with the iPhone SE.","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039982832,"gmtCreate":1645884384454,"gmtModify":1676534072412,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Come invest in Singapore.... we have one of Best elites Millionaire Govt in the world...&nbsp;","listText":"Come invest in Singapore.... we have one of Best elites Millionaire Govt in the world...&nbsp;","text":"Come invest in Singapore.... we have one of Best elites Millionaire Govt in the world...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039982832","repostId":"1113266874","repostType":4,"repost":{"id":"1113266874","pubTimestamp":1645881465,"share":"https://www.laohu8.com/m/news/1113266874?lang=&edition=full","pubTime":"2022-02-26 21:17","market":"us","language":"en","title":"Berkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%","url":"https://stock-news.laohu8.com/highlight/detail?id=1113266874","media":"seekingalpha","summary":"Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, B","content":"<html><head></head><body><p>Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in 2020.</p><p>Q4 operating earnings of $7.29B vs. $6.47B in Q3 and $5.02B in Q4, a 45% Y/Y jump as insurance underwriting reversed from a year-ago loss. Railroad, energy, and utilities earnings also contributed to the gain as well as a healthy increase in &#34;other businesses.&#34;</p><p>Insurance float was ~$147B at Dec. 31, 2021 vs. ~$145B at Sept. 30.</p><p>Operating earnings by segment:</p><p>Insurance underwriting — $372M vs. -$299M a year ago.</p><p>Insurance - investment income — $1.22B vs. $1.27B</p><p>Railroad, utilities, and energy —$2.24B vs. $2.00B.</p><p>Other businesses — $2.79B vs. $2.47B</p><p>Other — $662M vs. -$412M</p><p>Q4 net earnings, which includes investment and derivatives gains or losses (most of which is unrealized), were $39.6B, or $17.79 per class B share. That compares with $10.3B or $4.59 per class B share, in Q3 and $35.8B, or $15.34 per share, in Q4 2020.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%</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\">\nBerkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-26 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in ...</p>\n\n<a href=\"https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113266874","content_text":"Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in 2020.Q4 operating earnings of $7.29B vs. $6.47B in Q3 and $5.02B in Q4, a 45% Y/Y jump as insurance underwriting reversed from a year-ago loss. Railroad, energy, and utilities earnings also contributed to the gain as well as a healthy increase in \"other businesses.\"Insurance float was ~$147B at Dec. 31, 2021 vs. ~$145B at Sept. 30.Operating earnings by segment:Insurance underwriting — $372M vs. -$299M a year ago.Insurance - investment income — $1.22B vs. $1.27BRailroad, utilities, and energy —$2.24B vs. $2.00B.Other businesses — $2.79B vs. $2.47BOther — $662M vs. -$412MQ4 net earnings, which includes investment and derivatives gains or losses (most of which is unrealized), were $39.6B, or $17.79 per class B share. That compares with $10.3B or $4.59 per class B share, in Q3 and $35.8B, or $15.34 per share, in Q4 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802202593,"gmtCreate":1627780474512,"gmtModify":1703495690918,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Should we hold more USD now?","listText":"Should we hold more USD now?","text":"Should we hold more USD now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/802202593","repostId":"1167653033","repostType":4,"repost":{"id":"1167653033","pubTimestamp":1627706886,"share":"https://www.laohu8.com/m/news/1167653033?lang=&edition=full","pubTime":"2021-07-31 12:48","market":"sg","language":"en","title":"SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch","url":"https://stock-news.laohu8.com/highlight/detail?id=1167653033","media":"Singapore Business","summary":"The Singapore dollar (SGD) is expected to weaken to $1.35 versus the US dollar (USD) for 2021, accor","content":"<p>The Singapore dollar (SGD) is expected to weaken to $1.35 versus the US dollar (USD) for 2021, according to Fitch Solutions, to weaken further to $1.36 in 2022.</p>\n<p>This is a downgrade from its previous forecast of $1.33 against the greenback for 2021 and $1.32 in 2022.</p>\n<p>“The SGD has weakened in line with most other Asian currencies after the Fed’s hawkish surprise on June 16, and will likely trade in a weaker range between $1.35 per USD and $1.38 per USD for the remainder of 2021 and likely in 2022 as well,” Fitch said.</p>\n<p>This is due to the risk-off sentiment sparked by the resurgence of COVID-19 infections across Asia, including the key economies of Indonesia, Malaysia, and Thailand.</p>\n<p>The SGD&nbsp;also breached the key support level of $1.35 per USD on 8 July and has weakened since. The last time Singapore breached this level was in July 2018, during the initial phases of the US-China trade war.</p>\n<p>“However, any weakness in the SGD should be capped by the economy being in a much more resilient position than other Asian markets, due to the fast progress in vaccinating the population,” it added. “This puts Singapore in a much more resilient position compared to most other Asian economies and the SGD could benefit from some degree of safe-haven flows from elsewhere in the region as the year progresses, limiting prospects for further depreciation beyond our identified trading range.”</p>\n<p>For the long term, Fitch expects a strong recovery in exports to support the currency in 2022, but balanced by the risk of a potentially more hawkish US Fed if above-2% target inflation persists.</p>\n<p>Fitch Solutions identified as a key risk the possibility of a COVID-19 variant that can bypass existing vaccines, which could force Singapore to implement further lockdowns.</p>","source":"lsy1618986048053","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>SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch</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\">\nSGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-31 12:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://sbr.com.sg/economy/in-focus/sgd-weaken-135usd-amidst-covid-19-woes-fitch><strong>Singapore Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore dollar (SGD) is expected to weaken to $1.35 versus the US dollar (USD) for 2021, according to Fitch Solutions, to weaken further to $1.36 in 2022.\nThis is a downgrade from its previous ...</p>\n\n<a href=\"https://sbr.com.sg/economy/in-focus/sgd-weaken-135usd-amidst-covid-19-woes-fitch\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://sbr.com.sg/economy/in-focus/sgd-weaken-135usd-amidst-covid-19-woes-fitch","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167653033","content_text":"The Singapore dollar (SGD) is expected to weaken to $1.35 versus the US dollar (USD) for 2021, according to Fitch Solutions, to weaken further to $1.36 in 2022.\nThis is a downgrade from its previous forecast of $1.33 against the greenback for 2021 and $1.32 in 2022.\n“The SGD has weakened in line with most other Asian currencies after the Fed’s hawkish surprise on June 16, and will likely trade in a weaker range between $1.35 per USD and $1.38 per USD for the remainder of 2021 and likely in 2022 as well,” Fitch said.\nThis is due to the risk-off sentiment sparked by the resurgence of COVID-19 infections across Asia, including the key economies of Indonesia, Malaysia, and Thailand.\nThe SGD also breached the key support level of $1.35 per USD on 8 July and has weakened since. The last time Singapore breached this level was in July 2018, during the initial phases of the US-China trade war.\n“However, any weakness in the SGD should be capped by the economy being in a much more resilient position than other Asian markets, due to the fast progress in vaccinating the population,” it added. “This puts Singapore in a much more resilient position compared to most other Asian economies and the SGD could benefit from some degree of safe-haven flows from elsewhere in the region as the year progresses, limiting prospects for further depreciation beyond our identified trading range.”\nFor the long term, Fitch expects a strong recovery in exports to support the currency in 2022, but balanced by the risk of a potentially more hawkish US Fed if above-2% target inflation persists.\nFitch Solutions identified as a key risk the possibility of a COVID-19 variant that can bypass existing vaccines, which could force Singapore to implement further lockdowns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3563403277012456","authorId":"3563403277012456","name":"SilverSoul","avatar":"https://static.tigerbbs.com/692e9e2f198854f2b357459085e07d4f","crmLevel":4,"crmLevelSwitch":1},"content":"Yes. Change more to USD now.","text":"Yes. Change more to USD now.","html":"Yes. Change more to USD now."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080685901,"gmtCreate":1649887198288,"gmtModify":1676534596365,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Really positive news?? How about any negative news... like how shanghai lockdown is going to affect the production? Where this Roadster going to be produced? How safe when u top the speed? What the other super car brand action?","listText":"Really positive news?? How about any negative news... like how shanghai lockdown is going to affect the production? Where this Roadster going to be produced? How safe when u top the speed? What the other super car brand action?","text":"Really positive news?? How about any negative news... like how shanghai lockdown is going to affect the production? Where this Roadster going to be produced? How safe when u top the speed? What the other super car brand action?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080685901","repostId":"1165734323","repostType":4,"repost":{"id":"1165734323","pubTimestamp":1649863823,"share":"https://www.laohu8.com/m/news/1165734323?lang=&edition=full","pubTime":"2022-04-13 23:30","market":"us","language":"en","title":"The Roadster Is Tesla and Elon Musk's New Cash Machine","url":"https://stock-news.laohu8.com/highlight/detail?id=1165734323","media":"TheStreet","summary":"The electric-vehicle manufacturer Tesla manages to generate significant revenue even with models that it hasn't yet produced.There is no doubt that $Tesla(TSLA)$ dominates the electric-vehicle market.","content":"<html><head></head><body><ul><li>The electric-vehicle manufacturer Tesla manages to generate significant revenue even with models that it hasn&#39;t yet produced.</li></ul><p>There is no doubt that <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> dominates the electric-vehicle market.</p><p>The Austin automaker produced 305,407 vehicles in the first quarter and deliver 310,048 despite supply-chain disruptions and Russia&#39;s invasion of Ukraine, which worsened soaring raw-materials prices like nickel.</p><p>Chief Executive Elon Musk&#39;s group should exceed one million vehicles produced in 2022, industry sources anticipate. That would be a record for the company.</p><p>Meanwhile, <a href=\"https://laohu8.com/S/GM\">GM </a> and <a href=\"https://laohu8.com/S/F\">Ford</a> between them delivered a bit more than 7,100 EVs in the first quarter. Upstart rival <a href=\"https://laohu8.com/S/RIVN\">Rivian</a> for its part delivered 1,227 vehicles in the first three months.</p><p>Tesla is well-positioned to meet the growing demand for electric vehicles. The automaker has just opened its fourth production plant, in Austin, after Berlin, Shanghai and Fremont, Calif. In all, these factories can together manufacture at least 2 million vehicles per year when they are operating at full capacity.</p><p>Tesla, whose declared mission is to save the planet from pollution, is thus to likely generate significant revenue in the next few years because the group can now serve important markets such as China, Europe and the U.S. at much lower cost than its competitors face.</p><p><b>Tesla Has Access to Free Money</b></p><p>Musk&#39;s firm also is able to generate significant revenue on models that it has not yet marketed. The T-brand currently sells the Model S luxury and entry-level Model 3 sedans, the Model X luxury SUV and the Model Y SUV.</p><p>The CEO on April 7 indicated that 2023 will be a year rich in new products: Tesla will start production of the highly anticipated cybertruck, the Tesla Semi and also the Roadster sports car. The brand is already taking reservations for all these vehicles.</p><p>But one of the three turns out to be a real cash machine for Tesla. It&#39;s the new Roadster.</p><p>The new generation of the Roadster, the very first vehicle manufactured by Tesla, seems to be a big success. The limited edition, Founders Series, is sold out. Tesla stopped taking reservations in December.</p><p>For this limited model, Tesla customers had to pay the full price, $250,000, within 10 days of placing their orders on the dedicated Roadster site.</p><p>Musk had indicated that Tesla planned to produce only 1,000 units of the Founders Series. Based on the initial price, the company pocketed $250 million in revenue from a vehicle that has not even entered production.</p><p>Now that the Founders Series is spoken for, interested consumers have only one choice: the standard Roadster. Tesla generally displays prices for its vehicles -- but not this one. Last year, the Roadster price was showing up at $200,000, and potential customers had to put down a deposit of $45,000 within 10 days of placing their orders. But the required deposit has increased.</p><p><img src=\"https://static.tigerbbs.com/2f53bfe9470f792ba3edbe51d808aecb\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/><b>A Super Fast and Expensive Sports Car</b></p><p>Now Tesla demands a base reservation of $50,000 within 10 days of the order. This is done in two parts: the customer deposits $5,000 when placing the order and must pay an additional $45,000 within 10 days of placing the order.</p><p>&#34;Roadster reservations require an initial $5,000 credit card payment, plus a $45,000 wire transfer payment due in 10 days,&#34; the carmaker says. &#34;Reservations are not final until the wire transfer payment is received.&#34;</p><p>Unveiled in 2017, and originally scheduled for 2020, the sports car has been postponed many times. Musk said on April 7 that Tesla will start manufacturing the new Roadster in 2023.</p><p>While the first version of the Roadster, which marked Tesla&#39;s debut, was based on the Lotus Elise, this new version has completely new bases.</p><p>Inspired by the brand&#39;s models, it seems larger than its predecessor; the size seems close to the Tesla Model S, with which it could share the chassis. Configured in 2+2, the Roadster has a removable glass roof.</p><p>In terms of performance, the manufacturer says it can beat the best supercars with a 0-to-60 mph (100 kph) shot in less than two seconds and a 0-100 mph in 4.2 seconds. The maximum speed for the new Roadster: 250 mph.</p><p>The Roadster is &#34;the quickest car in the world, with record-setting acceleration, range and performance,&#34; Tesla says.</p><p>The new generation of Roadster has up to 620 miles, nearly 1.000 kilometers. of range.</p><p>In terms of recharging, Tesla hasn&#39;t yet provided many details. But owners can expect the new Roadster to be able to access the future MegaCharger network that the manufacturer intends to deploy for its future Tesla Semi.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Roadster Is Tesla and Elon Musk's New Cash Machine</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Roadster Is Tesla and Elon Musk's New Cash Machine\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-13 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/elon-musks-tesla-has-a-new-cash-car><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The electric-vehicle manufacturer Tesla manages to generate significant revenue even with models that it hasn't yet produced.There is no doubt that Tesla dominates the electric-vehicle market.The ...</p>\n\n<a href=\"https://www.thestreet.com/technology/elon-musks-tesla-has-a-new-cash-car\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/technology/elon-musks-tesla-has-a-new-cash-car","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165734323","content_text":"The electric-vehicle manufacturer Tesla manages to generate significant revenue even with models that it hasn't yet produced.There is no doubt that Tesla dominates the electric-vehicle market.The Austin automaker produced 305,407 vehicles in the first quarter and deliver 310,048 despite supply-chain disruptions and Russia's invasion of Ukraine, which worsened soaring raw-materials prices like nickel.Chief Executive Elon Musk's group should exceed one million vehicles produced in 2022, industry sources anticipate. That would be a record for the company.Meanwhile, GM  and Ford between them delivered a bit more than 7,100 EVs in the first quarter. Upstart rival Rivian for its part delivered 1,227 vehicles in the first three months.Tesla is well-positioned to meet the growing demand for electric vehicles. The automaker has just opened its fourth production plant, in Austin, after Berlin, Shanghai and Fremont, Calif. In all, these factories can together manufacture at least 2 million vehicles per year when they are operating at full capacity.Tesla, whose declared mission is to save the planet from pollution, is thus to likely generate significant revenue in the next few years because the group can now serve important markets such as China, Europe and the U.S. at much lower cost than its competitors face.Tesla Has Access to Free MoneyMusk's firm also is able to generate significant revenue on models that it has not yet marketed. The T-brand currently sells the Model S luxury and entry-level Model 3 sedans, the Model X luxury SUV and the Model Y SUV.The CEO on April 7 indicated that 2023 will be a year rich in new products: Tesla will start production of the highly anticipated cybertruck, the Tesla Semi and also the Roadster sports car. The brand is already taking reservations for all these vehicles.But one of the three turns out to be a real cash machine for Tesla. It's the new Roadster.The new generation of the Roadster, the very first vehicle manufactured by Tesla, seems to be a big success. The limited edition, Founders Series, is sold out. Tesla stopped taking reservations in December.For this limited model, Tesla customers had to pay the full price, $250,000, within 10 days of placing their orders on the dedicated Roadster site.Musk had indicated that Tesla planned to produce only 1,000 units of the Founders Series. Based on the initial price, the company pocketed $250 million in revenue from a vehicle that has not even entered production.Now that the Founders Series is spoken for, interested consumers have only one choice: the standard Roadster. Tesla generally displays prices for its vehicles -- but not this one. Last year, the Roadster price was showing up at $200,000, and potential customers had to put down a deposit of $45,000 within 10 days of placing their orders. But the required deposit has increased.A Super Fast and Expensive Sports CarNow Tesla demands a base reservation of $50,000 within 10 days of the order. This is done in two parts: the customer deposits $5,000 when placing the order and must pay an additional $45,000 within 10 days of placing the order.\"Roadster reservations require an initial $5,000 credit card payment, plus a $45,000 wire transfer payment due in 10 days,\" the carmaker says. \"Reservations are not final until the wire transfer payment is received.\"Unveiled in 2017, and originally scheduled for 2020, the sports car has been postponed many times. Musk said on April 7 that Tesla will start manufacturing the new Roadster in 2023.While the first version of the Roadster, which marked Tesla's debut, was based on the Lotus Elise, this new version has completely new bases.Inspired by the brand's models, it seems larger than its predecessor; the size seems close to the Tesla Model S, with which it could share the chassis. Configured in 2+2, the Roadster has a removable glass roof.In terms of performance, the manufacturer says it can beat the best supercars with a 0-to-60 mph (100 kph) shot in less than two seconds and a 0-100 mph in 4.2 seconds. The maximum speed for the new Roadster: 250 mph.The Roadster is \"the quickest car in the world, with record-setting acceleration, range and performance,\" Tesla says.The new generation of Roadster has up to 620 miles, nearly 1.000 kilometers. of range.In terms of recharging, Tesla hasn't yet provided many details. But owners can expect the new Roadster to be able to access the future MegaCharger network that the manufacturer intends to deploy for its future Tesla Semi.","news_type":1},"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037329739,"gmtCreate":1648035643042,"gmtModify":1676534295289,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"$Yunji(YJ)$ let's see if end of this week.... break point 150...&nbsp;","listText":"$Yunji(YJ)$ let's see if end of this week.... break point 150...&nbsp;","text":"$Yunji(YJ)$ let's see if end of this week.... break point 150...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9037329739","isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039827748,"gmtCreate":1646006983442,"gmtModify":1676534080986,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Inflation is going to make history.... as US may need to slow down interest rate increase.... Best time to sell their oil reserves for the best profit.[Like] [Allin] [Miser]","listText":"Inflation is going to make history.... as US may need to slow down interest rate increase.... Best time to sell their oil reserves for the best profit.[Like] [Allin] [Miser]","text":"Inflation is going to make history.... as US may need to slow down interest rate increase.... Best time to sell their oil reserves for the best profit.[Like] [Allin] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039827748","repostId":"1114953793","repostType":4,"repost":{"id":"1114953793","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646003333,"share":"https://www.laohu8.com/m/news/1114953793?lang=&edition=full","pubTime":"2022-02-28 07:08","market":"fut","language":"en","title":"WTI Crude Rose More Than 7% to $98.1 a Barrel, Brent Rose 6.81%","url":"https://stock-news.laohu8.com/highlight/detail?id=1114953793","media":"Tiger Newspress","summary":"WTI crude rose more than 7% to $98.1 a barrel, Brent rose 6.81%.","content":"<html><head></head><body><p>WTI crude rose more than 7% to $98.1 a barrel, Brent rose 6.81%.</p><p><img src=\"https://static.tigerbbs.com/310ed41fe9da9d46abc1e53ffd0152d3\" tg-width=\"550\" tg-height=\"127\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WTI Crude Rose More Than 7% to $98.1 a Barrel, Brent Rose 6.81%</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\">\nWTI Crude Rose More Than 7% to $98.1 a Barrel, Brent Rose 6.81%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-28 07:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WTI crude rose more than 7% to $98.1 a barrel, Brent rose 6.81%.</p><p><img src=\"https://static.tigerbbs.com/310ed41fe9da9d46abc1e53ffd0152d3\" tg-width=\"550\" tg-height=\"127\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114953793","content_text":"WTI crude rose more than 7% to $98.1 a barrel, Brent rose 6.81%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018451052,"gmtCreate":1649081980780,"gmtModify":1676534447056,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"$Grab Holdings(GRAB)$ hope this bull is ready to Charge! Look up for 450 break point","listText":"$Grab Holdings(GRAB)$ hope this bull is ready to Charge! Look up for 450 break point","text":"$Grab Holdings(GRAB)$ hope this bull is ready to Charge! Look up for 450 break point","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018451052","isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039302110,"gmtCreate":1645918974687,"gmtModify":1676534073883,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wait... the game has just started... let's stay cool.. 😊","listText":"Wait... the game has just started... let's stay cool.. 😊","text":"Wait... the game has just started... let's stay cool.. 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039302110","repostId":"1172565671","repostType":4,"repost":{"id":"1172565671","pubTimestamp":1645917232,"share":"https://www.laohu8.com/m/news/1172565671?lang=&edition=full","pubTime":"2022-02-27 07:13","market":"us","language":"en","title":"US IPO Week Ahead: The March IPO Market Starts with a Quiet Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1172565671","media":"Renaissance Capital","summary":"The IPO market is expected to have another quiet week heading into March, with just one SPAC current","content":"<html><head></head><body><p>The IPO market is expected to have another quiet week heading into March, with just one SPAC currently scheduled for the week ahead.</p><p>Life sciences and sustainability-focused Valuence Merger I (VMCAU) may price, with plans to raise $200 million. The company is led by CEO Sung Yoon Woo, the founder and CEO of South Korean private equity firm Credian Partners.</p><p><img src=\"https://static.tigerbbs.com/f1a7f293eb10973660ac3f11e7ca80e0\" tg-width=\"1406\" tg-height=\"252\" width=\"100%\" height=\"auto\"/>We would normally expect to see launches as the February lull comes to a close, but new issuers are likely now waiting for the past week&#39;s market turmoil to settle. While the calendar is quiet for now, the IPO pipeline has plenty of candidates for when the market reopens.</p><p>Street research is expected for two companies, and lock-up periods will be expiring for up to four companies. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.</p><h2>IPO Market Snapshot</h2><p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 2/24/2022, the Renaissance IPO Index was down 23.2% year-to-date, while the S&amp;P 500 was down 9.8%. Renaissance Capital&#39;s IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and Snowflake (SNOW). The Renaissance International IPO Index was down 19.3% year-to-date, while the ACWX was down 8.2%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.</p></body></html>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US IPO Week Ahead: The March IPO Market Starts with a Quiet Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: The March IPO Market Starts with a Quiet Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-27 07:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/91188/US-IPO-Week-Ahead-The-March-IPO-market-starts-with-a-quiet-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The IPO market is expected to have another quiet week heading into March, with just one SPAC currently scheduled for the week ahead.Life sciences and sustainability-focused Valuence Merger I (VMCAU) ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/91188/US-IPO-Week-Ahead-The-March-IPO-market-starts-with-a-quiet-week\">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",".DJI":"道琼斯"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/91188/US-IPO-Week-Ahead-The-March-IPO-market-starts-with-a-quiet-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172565671","content_text":"The IPO market is expected to have another quiet week heading into March, with just one SPAC currently scheduled for the week ahead.Life sciences and sustainability-focused Valuence Merger I (VMCAU) may price, with plans to raise $200 million. The company is led by CEO Sung Yoon Woo, the founder and CEO of South Korean private equity firm Credian Partners.We would normally expect to see launches as the February lull comes to a close, but new issuers are likely now waiting for the past week's market turmoil to settle. While the calendar is quiet for now, the IPO pipeline has plenty of candidates for when the market reopens.Street research is expected for two companies, and lock-up periods will be expiring for up to four companies. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.IPO Market SnapshotThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 2/24/2022, the Renaissance IPO Index was down 23.2% year-to-date, while the S&P 500 was down 9.8%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and Snowflake (SNOW). The Renaissance International IPO Index was down 19.3% year-to-date, while the ACWX was down 8.2%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899218471,"gmtCreate":1628198892693,"gmtModify":1703502858283,"author":{"id":"4088318672089880","authorId":"4088318672089880","name":"RichDen","avatar":"https://static.tigerbbs.com/e5e2032d82e91e4d2df416c9f08328d1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/899218471","repostId":"2157458815","repostType":4,"repost":{"id":"2157458815","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628174863,"share":"https://www.laohu8.com/m/news/2157458815?lang=&edition=full","pubTime":"2021-08-05 22:47","market":"us","language":"en","title":"Uber, Lyft take different spending routes in race to add drivers","url":"https://stock-news.laohu8.com/highlight/detail?id=2157458815","media":"Reuters","summary":"(Update: August 5, 2021 at 11:12 a.m. ET)\nAug 5 (Reuters) - A return to business as usual for Uber T","content":"<p><i>(Update: August 5, 2021 at 11:12 a.m. ET)</i></p>\n<p>Aug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.</p>\n<p>Between the two, their spending plans have differed.</p>\n<p>Uber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.</p>\n<p>With trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.</p>\n<p>Labor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.</p>\n<p>\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.</p>\n<p>Returning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.</p>\n<p>To focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.</p>\n<p>In their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.</p>\n<p>Uber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.</p>\n<p>\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.</p>\n<p>Both companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.</p>\n<p>Lyft jumped over 7% in morning trading,&nbsp;Uber advanced 5%.</p>\n<p><img src=\"https://static.tigerbbs.com/f26198fd1346012a0043f3464e02138a\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/4379990678a1006c1d704581e3cb100d\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p>(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)</p>\n<p></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>Uber, Lyft take different spending routes in race to add drivers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Lyft take different spending routes in race to add drivers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-05 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><i>(Update: August 5, 2021 at 11:12 a.m. ET)</i></p>\n<p>Aug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.</p>\n<p>Between the two, their spending plans have differed.</p>\n<p>Uber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.</p>\n<p>With trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.</p>\n<p>Labor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.</p>\n<p>\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.</p>\n<p>Returning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.</p>\n<p>To focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.</p>\n<p>In their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.</p>\n<p>Uber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.</p>\n<p>\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.</p>\n<p>Both companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.</p>\n<p>Lyft jumped over 7% in morning trading,&nbsp;Uber advanced 5%.</p>\n<p><img src=\"https://static.tigerbbs.com/f26198fd1346012a0043f3464e02138a\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/4379990678a1006c1d704581e3cb100d\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p>(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","LYFT":"Lyft, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157458815","content_text":"(Update: August 5, 2021 at 11:12 a.m. ET)\nAug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.\nBetween the two, their spending plans have differed.\nUber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.\nWith trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.\nLabor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.\n\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.\nReturning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.\nTo focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.\nIn their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.\nUber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.\n\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.\nBoth companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.\nLyft jumped over 7% in morning trading, Uber advanced 5%.\n\n\n(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575143606799200","authorId":"3575143606799200","name":"KK2021","avatar":"https://static.tigerbbs.com/e57decb2950e37ceb12176c97c9be2c4","crmLevel":8,"crmLevelSwitch":1},"content":"pls like","text":"pls like","html":"pls like"}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}