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ZackChia

ZackChia

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11-06

Why?

Chinese ADRs Slumped in Premarket Trading with PDD Tumbling Over 6%

04-03

Its easy to say and find all the info to dupport it. But are you going to take any accountability if your wrong? No. Am i right?

Wall Street Strategist Who Called Dot-Com Crash Says Stocks Are in a Bubble Driven by Fed

04-02

Was a steal below $60, $50, $40, $30, $20, $10 and now $5. Also a steal at $1

NIO: Now A Steal Below $5

2023-11-20

Anyone who agrees to this bullshit should sell now lol. A bull run is uet to even start. Move on

The Stock Market Rally Is Likely To Vanish As Earnings Estimates Deteriorate

2023-11-14

Baba?! Hahahaha no way

Alibaba: 2 Catalysts Have Emerged To Drive The Stock Higher

2023-11-06

i have a position in this company and it really pains me to say this - im ready to lose money here. Fortunately i have sized my position. This company isnt going to do well.

Warning: Nothing Is Stopping NIO Stock From Crashing Now

2023-10-25

Bro, dont write so much logic. The reason why baba still down is because baba is backed by investors belonging to jiang faction. As long as this remains, Xi would not let it rise because he cannot afford to have liquidity go towards the other faction. All your other logics dont matter.

Alibaba Stock: Buy, Sell, or Hold?

2023-10-03

Jerome powell should be fired.

Dow Falls 300 Points to Lows of Session on Interest Rate Threat

2023-08-30

Good luck 😂😂😂

PDD Holdings: Vastly Undervalued With A Wide Moat

2023-08-25

Should be happy its still being valued lol

Alibaba: Despite Positive Results, Still Undervalued

2023-08-16

Never. China stocks is not investable

Alibaba Q2: If You Are Not Buying Now, When Will You?

2023-07-11

Speculative af

7 EV Stocks to Make Your "Get Rich" Dreams Come True

2023-06-20

the past does not guarantee the future. drawing charts and all that is just one way to rationalise a person's belief. just keep DCA and you can end this article in one paragraph.

The 1999 Hype Cycle May Be Back

2023-06-13

"I remain concerned about how slowly inflation is making its way back to 2%," said Narayana Kocherlakota" - seriously? Inflation just drop from 4.9 to 4%! Are these people seriously doing their job??

Fed-Rate Projections Could Rise to Underscore Inflation Anxieties

2023-06-10

Every bull run also most hated in history. Go check news headline mr CIO. Lol

S&P 500, Nasdaq Hit Fresh 2023 Highs As Tesla Rallies 4%

2023-06-08

Good luck. its already 3 yrs. Keep holding

Alibaba: Why I Bought The Last Dip

2023-06-05

No [LOL] [LOL] [LOL] good luck losing money with this shit stock lol.

Alibaba Stock: A Screaming Buy At <9x P/FCF

2023-05-11

Because singapore stocks cui.

Singapore Stocks End Lower on Thursday Despite Wall Street Gains

2023-01-11

Market bottoming soon already. Standby to enter

Sorry, the original content has been removed

2022-10-14

Wait, thats all? When the market crashes you have so much to write and when it goes up these are what we see?

U.S. Stocks Trimmed Their Losses and Turned up in Morning Trading; Dow Jones Surged 0.85%, S&P 500 Jumped 0.67% While Nasdaq Rose 0.36%

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}\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 ADRs Slumped in Premarket Trading with PDD Tumbling Over 6%\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\">2024-11-06 19:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese ADRs slumped in premarket trading with PDD tumbling over 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/adbce2caf9fcd8448131150b911b694e\" tg-width=\"275\" tg-height=\"841\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","JD":"京东","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193779150","content_text":"Chinese ADRs slumped in premarket trading with PDD tumbling over 6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291108671992064,"gmtCreate":1712097463184,"gmtModify":1712097468117,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Its easy to say and find all the info to dupport it. But are you going to take any accountability if your wrong? No. Am i right?","listText":"Its easy to say and find all the info to dupport it. But are you going to take any accountability if your wrong? No. Am i right?","text":"Its easy to say and find all the info to dupport it. But are you going to take any accountability if your wrong? No. Am i right?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291108671992064","repostId":"2424042555","repostType":4,"repost":{"id":"2424042555","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":1712069657,"share":"https://ttm.financial/m/news/2424042555?lang=&edition=fundamental","pubTime":"2024-04-02 22:54","market":"hk","language":"en","title":"Wall Street Strategist Who Called Dot-Com Crash Says Stocks Are in a Bubble Driven by Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=2424042555","media":"Dow Jones","summary":"SocGen's Albert Edwards says the artificial-intelligence craze is getting out of hand. The artificial-intelligence craze and a \"loosey goosey\" Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the \"artificial intelligence revolution\" will drive a boom in corporate earnings.In the past, the S&P 500 has closely tracked analysts' optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.As stock-market bulls wait around for AI to drive earnings into the stratosphere, \"those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward","content":"<html><head></head><body><p>The artificial-intelligence craze and a &#34;loosey goosey&#34; Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.</p><p>According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the &#34;artificial intelligence revolution&#34; will drive a boom in corporate earnings.</p><p>But the reality is that AI has yet to deliver stronger earnings growth outside of a handful of companies, like Nvidia Corp <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>. As a result, analysts&#39; earnings revisions have failed to keep up as the S&amp;P 500 index rallied nearly 30% in five months, according to FactSet data, driving valuations to levels that are expensive relative to recent history.</p><p>The S&amp;P 500 recently traded at more than 20 times forward earnings, which is above its five- and 10-year averages and the highest level since January 2022, according to FactSet.</p><p>So far, AI hype isn&#39;t feeding through to expectations for stronger earnings in the immediate future. Over the past six months, the share of analysts&#39; earnings revisions that are upgrades has trended lower for both the S&amp;P 1500 Composite XX:SP1500 and the Nasdaq-100 NDX.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/20b2bf023bf6f517028d5cec3ae098ef\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"352\"/><span>SOCIETE GENERALE</span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/584b8397561c4a522da4d2f5800ca5bd\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"344\"/><span>SOCIETE GENERALE</span></p><p>In the past, the S&amp;P 500 has closely tracked analysts&#39; optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/597a0028992bb61cbf360be7dd5d5b4f\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"339\"/><span>SOCIETE GENERALE</span></p><p>As stock-market bulls wait around for AI to drive earnings into the stratosphere, &#34;those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward,&#34; Edwards said.</p><p>Instead of being driven by stronger profits, the true source of the market&#39;s strength appears to be abundant Fed-induced liquidity. Edwards is hardly alone in pointing this out.</p><p>The notion that the Fed&#39;s quantitative tightening has led to tighter monetary policy is &#34;a joke,&#34; Edwards said. While the Fed shrinks its bondholdings via quantitative tightening, the central bank&#39;s money-market operations are more than offsetting the liquidity drain by pumping more money into the financial system via the consistent drain in the Fed&#39;s reverse-repo facility.</p><p>This has caused the monetary base in the U.S. to expand over the past year, which isn&#39;t exactly consistent with the Fed&#39;s claims to be draining liquidity from the financial system, Edwards said.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f0b40562e2851622a5c73db430d8917d\" title=\"\" tg-width=\"700\" tg-height=\"341\"/></p><p>Meanwhile, the U.S. economy has received plenty of help from the federal government in the form of huge fiscal stimulus, which has helped it avoid a recession despite the Fed&#39;s interest-rate hikes, Edwards said. Consumers tapping into their excess pandemic-era savings and signs that large companies are increasingly benefiting from higher interest rates and &#34;greedflation&#34; have also helped support economic growth, he said.</p><p>Edwards is extremely familiar with the conditions that led to the dot-com bubble. After all, he was one of a handful of people on Wall Street to anticipate the crash that began in March 2000, when the S&amp;P 500 and Nasdaq hit their bubble-era peak, kicking off a bear market that would last for nearly three years.</p><p>After seeing their strongest start to a year since 2019, U.S. stocks have gotten off to a rough start in the second quarter. The S&amp;P 500 SPX was down 59 points, or 1.1%, in recent trade on Tuesday at 5,204, on track to fall for a second-straight day. The Dow Jones Industrial Average DJIA shed 449 points, or 1.1%, to 39,116. Meanwhile, the Nasdaq Composite COMP was off by 254 points, or 1.6%, at 16,140.</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>Wall Street Strategist Who Called Dot-Com Crash Says Stocks Are in a Bubble Driven by Fed</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\">\nWall Street Strategist Who Called Dot-Com Crash Says Stocks Are in a Bubble Driven by Fed\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\">2024-04-02 22:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The artificial-intelligence craze and a &#34;loosey goosey&#34; Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.</p><p>According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the &#34;artificial intelligence revolution&#34; will drive a boom in corporate earnings.</p><p>But the reality is that AI has yet to deliver stronger earnings growth outside of a handful of companies, like Nvidia Corp <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>. As a result, analysts&#39; earnings revisions have failed to keep up as the S&amp;P 500 index rallied nearly 30% in five months, according to FactSet data, driving valuations to levels that are expensive relative to recent history.</p><p>The S&amp;P 500 recently traded at more than 20 times forward earnings, which is above its five- and 10-year averages and the highest level since January 2022, according to FactSet.</p><p>So far, AI hype isn&#39;t feeding through to expectations for stronger earnings in the immediate future. Over the past six months, the share of analysts&#39; earnings revisions that are upgrades has trended lower for both the S&amp;P 1500 Composite XX:SP1500 and the Nasdaq-100 NDX.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/20b2bf023bf6f517028d5cec3ae098ef\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"352\"/><span>SOCIETE GENERALE</span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/584b8397561c4a522da4d2f5800ca5bd\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"344\"/><span>SOCIETE GENERALE</span></p><p>In the past, the S&amp;P 500 has closely tracked analysts&#39; optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/597a0028992bb61cbf360be7dd5d5b4f\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"339\"/><span>SOCIETE GENERALE</span></p><p>As stock-market bulls wait around for AI to drive earnings into the stratosphere, &#34;those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward,&#34; Edwards said.</p><p>Instead of being driven by stronger profits, the true source of the market&#39;s strength appears to be abundant Fed-induced liquidity. Edwards is hardly alone in pointing this out.</p><p>The notion that the Fed&#39;s quantitative tightening has led to tighter monetary policy is &#34;a joke,&#34; Edwards said. While the Fed shrinks its bondholdings via quantitative tightening, the central bank&#39;s money-market operations are more than offsetting the liquidity drain by pumping more money into the financial system via the consistent drain in the Fed&#39;s reverse-repo facility.</p><p>This has caused the monetary base in the U.S. to expand over the past year, which isn&#39;t exactly consistent with the Fed&#39;s claims to be draining liquidity from the financial system, Edwards said.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f0b40562e2851622a5c73db430d8917d\" title=\"\" tg-width=\"700\" tg-height=\"341\"/></p><p>Meanwhile, the U.S. economy has received plenty of help from the federal government in the form of huge fiscal stimulus, which has helped it avoid a recession despite the Fed&#39;s interest-rate hikes, Edwards said. Consumers tapping into their excess pandemic-era savings and signs that large companies are increasingly benefiting from higher interest rates and &#34;greedflation&#34; have also helped support economic growth, he said.</p><p>Edwards is extremely familiar with the conditions that led to the dot-com bubble. After all, he was one of a handful of people on Wall Street to anticipate the crash that began in March 2000, when the S&amp;P 500 and Nasdaq hit their bubble-era peak, kicking off a bear market that would last for nearly three years.</p><p>After seeing their strongest start to a year since 2019, U.S. stocks have gotten off to a rough start in the second quarter. The S&amp;P 500 SPX was down 59 points, or 1.1%, in recent trade on Tuesday at 5,204, on track to fall for a second-straight day. The Dow Jones Industrial Average DJIA shed 449 points, or 1.1%, to 39,116. Meanwhile, the Nasdaq Composite COMP was off by 254 points, or 1.6%, at 16,140.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","NVDA":"英伟达","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","SDS":"两倍做空标普500ETF","BK4529":"IDC概念","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","SPXU":"三倍做空标普500ETF","UPRO":"三倍做多标普500ETF","BK4585":"ETF&股票定投概念","SH":"标普500反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","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","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4587":"ChatGPT概念","IVV":"标普500指数ETF","LU0072462426.USD":"贝莱德全球配置 A2","SSO":"两倍做多标普500ETF","LU0080751232.USD":"富达环球多元动力基金A","OEF":"标普100指数ETF-iShares","BK4579":"人工智能","BK4141":"半导体产品","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424042555","content_text":"The artificial-intelligence craze and a \"loosey goosey\" Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the \"artificial intelligence revolution\" will drive a boom in corporate earnings.But the reality is that AI has yet to deliver stronger earnings growth outside of a handful of companies, like Nvidia Corp $(NVDA)$. As a result, analysts' earnings revisions have failed to keep up as the S&P 500 index rallied nearly 30% in five months, according to FactSet data, driving valuations to levels that are expensive relative to recent history.The S&P 500 recently traded at more than 20 times forward earnings, which is above its five- and 10-year averages and the highest level since January 2022, according to FactSet.So far, AI hype isn't feeding through to expectations for stronger earnings in the immediate future. Over the past six months, the share of analysts' earnings revisions that are upgrades has trended lower for both the S&P 1500 Composite XX:SP1500 and the Nasdaq-100 NDX.SOCIETE GENERALESOCIETE GENERALEIn the past, the S&P 500 has closely tracked analysts' optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.SOCIETE GENERALEAs stock-market bulls wait around for AI to drive earnings into the stratosphere, \"those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward,\" Edwards said.Instead of being driven by stronger profits, the true source of the market's strength appears to be abundant Fed-induced liquidity. Edwards is hardly alone in pointing this out.The notion that the Fed's quantitative tightening has led to tighter monetary policy is \"a joke,\" Edwards said. While the Fed shrinks its bondholdings via quantitative tightening, the central bank's money-market operations are more than offsetting the liquidity drain by pumping more money into the financial system via the consistent drain in the Fed's reverse-repo facility.This has caused the monetary base in the U.S. to expand over the past year, which isn't exactly consistent with the Fed's claims to be draining liquidity from the financial system, Edwards said.Meanwhile, the U.S. economy has received plenty of help from the federal government in the form of huge fiscal stimulus, which has helped it avoid a recession despite the Fed's interest-rate hikes, Edwards said. Consumers tapping into their excess pandemic-era savings and signs that large companies are increasingly benefiting from higher interest rates and \"greedflation\" have also helped support economic growth, he said.Edwards is extremely familiar with the conditions that led to the dot-com bubble. After all, he was one of a handful of people on Wall Street to anticipate the crash that began in March 2000, when the S&P 500 and Nasdaq hit their bubble-era peak, kicking off a bear market that would last for nearly three years.After seeing their strongest start to a year since 2019, U.S. stocks have gotten off to a rough start in the second quarter. The S&P 500 SPX was down 59 points, or 1.1%, in recent trade on Tuesday at 5,204, on track to fall for a second-straight day. The Dow Jones Industrial Average DJIA shed 449 points, or 1.1%, to 39,116. Meanwhile, the Nasdaq Composite COMP was off by 254 points, or 1.6%, at 16,140.","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":290925437009976,"gmtCreate":1712052633128,"gmtModify":1712052636771,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Was a steal below $60, $50, $40, $30, $20, $10 and now $5. &nbsp;Also a steal at $1","listText":"Was a steal below $60, $50, $40, $30, $20, $10 and now $5. &nbsp;Also a steal at $1","text":"Was a steal below $60, $50, $40, $30, $20, $10 and now $5. Also a steal at $1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/290925437009976","repostId":"2424714042","repostType":4,"repost":{"id":"2424714042","pubTimestamp":1711953000,"share":"https://ttm.financial/m/news/2424714042?lang=&edition=fundamental","pubTime":"2024-04-01 14:30","market":"us","language":"en","title":"NIO: Now A Steal Below $5","url":"https://stock-news.laohu8.com/highlight/detail?id=2424714042","media":"Seeking Alpha","summary":"NIO Inc. lowers its delivery forecast for 1Q-24 due to soft demand in the Chinese market.Despite the challenges, I believe NIO's stock is undervalued and investors are overreacting to the forecast.NIO","content":"<html><head></head><body><ul style=\"\"><li><p>NIO Inc. lowers its delivery forecast for 1Q-24 due to soft demand in the Chinese market.</p></li><li><p>Despite the challenges, I believe NIO&#39;s stock is undervalued and investors are overreacting to the forecast.</p></li><li><p>NIO&#39;s gross profit is improving, and the company&#39;s valuation is favorable compared to competitors.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dc83813fa7b05dae5fdf23a2baed277f\" title=\"Andy Feng\" tg-width=\"750\" tg-height=\"563\"/><span>Andy Feng</span></p><p><a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> just made an announcement that said that the electric-vehicle company was curtailing its delivery forecast for 1Q-24 amid a soft demand environment in the company’s core market China.</p><p>While slowing growth is obviously a big challenge for NIO, and an obstacle for price appreciation for NIO’s stock, I think that the electric-vehicle company unduly suffers from a painful change in sentiment towards EV businesses.</p><p>NIO’s stock just made new lows, but the valuation is now at its most compelling point ever, in my view. It seems that investors are overreacting to the company’s forecast and NIO should profit from a rebound in deliveries later this year.</p><h2 id=\"id_2312304623\">My Rating History</h2><p>I modified my stock classification for NIO to Buy last December due to a strategic investment deal between NIO and CYVN Holdings. In 2023, the holding company chose to invest $2.2 billion into NIO and bankroll the electric-vehicle company’s EV growth strategy. Unfortunately, and against my expectations, NIO has traded consistently lower since December as concerns over electric-vehicle demand took center stage.</p><p>Though NIO’s electric-vehicle growth is flat-lining in the short-term, I think that the margin setup is convincing and that NIO has recovery potential.</p><h2 id=\"id_3304537550\">Updated Delivery Forecast For 1Q-24 And Delivery Recovery</h2><p>According to a delivery projection update from Wednesday, NIO anticipates approximately 30,000 electric-vehicle deliveries for the first quarter which is down from a prior forecast of 31,000 to 33,000 vehicles. This guidance implies that NIO will deliver approximately 11,813 vehicles in March. The guidance was clearly a negative catalyst, but I think investors might be a bit overreacting here.</p><p>Compared to the lower end of the previous guidance, NIO adjusted its outlook by only a moderate 3%, so the new guidance clearly should not be seen as a major deal-breaker.</p><p>Based on this new forecast, NIO is on track to deliver 120,000 electric-vehicles in 2023, but the company is probably going to see a substantial increase in deliveries later this year. This is because first quarter delivery numbers are skewed due to the inclusion of the 15-day Chinese New Year period which means that NIO should see a rebound in deliveries in super-ceding quarters. Between 1Q-23 and 4Q-23, to give you an example, NIO’s deliveries jumped a whopping 61%.</p><p>During Chinese New Year holidays, factory activity slows to zero as workers in China’s manufacturing hubs, like Shenzhen, head home to their provinces. As a consequence, all electric-vehicle companies report a substantial decline with respect to their first quarter delivery volumes. As workers return, however, and factories return to normal, NIO and other electric-vehicle manufacturers should be able to grow production again.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/30f111432dfa22a06c58fec98a49c80c\" title=\"Key Operating Results (NIO)\" tg-width=\"640\" tg-height=\"117\"/><span>Key Operating Results (NIO)</span></p><h2 id=\"id_798417605\">NIO’s Gross Profit Situation Is Improving</h2><p>The outlook adjustment caused NIO’s stock to fall to new lows on Wednesday. With that being said however, NIO’s business is evolving in an encouraging way.</p><p>NIO’s gross profit in 4Q-23 was RMB 1,279.2 million (US$180.2 million) which was more than double than what the company used to make a year ago. Obviously NIO is still struggling mightily to drive the business toward a black zero (it’s net loss in the fourth quarter of 2023 was RMB 5,592.8 million (US$787.7 million), but with growth in deliveries likely to come back after 1Q-24, I think that NIO is actually on a really good path to grow its business in 2024.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4936230cc2e7fcdedee702e3abaadda4\" alt=\"Gross Profit (NIO)\" title=\"Gross Profit (NIO)\" tg-width=\"640\" tg-height=\"516\"/><span>Gross Profit (NIO)</span></p><p><strong>NIO’s Sales Multiple Is Too Good To Be True</strong></p><p>If NIO has one thing going in its favor right now it is its valuation multiple. NIO suffered new selling pressure and the company’s stock fell to a new low of $4.67 after the delivery outlook adjustment. With that being said, though, NIO’s sales potential is hardly overvalued right now which equates to a very favorable risk/reward relationship, in my view. NIO’s stock is valued at a P/S ratio of 0.98x which is calculated based on the company’s anticipated sales in 2024. The P/S ratio relates to the 2024 financial year. With NIO’s sales anticipated to grow in 2024, I think that the P/S ratio is the most appropriate valuation ratio for the electric-vehicle company.</p><p><strong>XPeng Inc. (XPEV)</strong>, a top competitor, sells at 1.4x sales (also based on current year sales). However, XPeng sees much lower deliveries for 1Q-24 than NIO: The electric-vehicle company guided for only between 21,000 and 22,500 deliveries in the first quarter.</p><p>XPeng reduced its net loss by 43% in 4Q-23, primarily because of surging sales growth, but the electric-vehicle company does have weaker gross profit margins than NIO (NIO had a 4Q-23 gross profit margin of 7.5% compared to XPeng’s 6.2% margin). XPeng also has a much smaller delivery target for 1Q-24 which is why I would prefer NIO over XPeng every day of the week.</p><p>Historically, NIO has sold for much higher sales multiples. In 2023, NIO was selling at a more than 3.0x sales and the company has made considerable strides in terms of improving its gross profit picture.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/82f7c631ba2322787fad9bc03b243711\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"424\"/><span>Data by YCharts</span></p><h2 id=\"id_2939371143\">Why The Investment Thesis Might Disappoint</h2><p>NIO obviously cannot escape market forces which in this case point to waning demand for electric vehicles in the company’s core market, China.</p><p>Obviously, the potential for delivery disappointments is a wildcard here for NIO in the short-term, but investors should keep in mind that 1Q-24 delivery numbers are not representative due to Chinese New Year. Most likely, they are going to rebound in the following quarters.</p><p>The thesis would be a disappointment for me if NIO suffered a deterioration in its gross profit margins throughout 2024.</p><h2 id=\"id_3582258345\">My Conclusion</h2><p>NIO’s stock price recently fell below $5, but in my view, now is the best time to buy NIO in years.</p><p>The long-term outlook for the electric-vehicle industry is positive and investors should anticipate ups and downs in both NIO’s underlying business as well as in the stock price.</p><p>The first quarter delivery adjustment was not great, but it also wasn’t a major disaster as the estimated decline was only a paltry 3% from the lower end of NIO’s previous guidance.</p><p>I continue to anticipate a gradual recovery in delivery volumes in the coming quarters and think that NIO presently has its best risk/reward relationship in years.</p><p>With the stock selling at such a low sales multiple, I think that NIO’s valuation actually embeds a very high margin of safety. Strong Buy.</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>NIO: Now A Steal Below $5</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO: Now A Steal Below $5\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-01 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4681387-nio-now-a-steal-below-5-upgrade><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO Inc. lowers its delivery forecast for 1Q-24 due to soft demand in the Chinese market.Despite the challenges, I believe NIO's stock is undervalued and investors are overreacting to the forecast.NIO...</p>\n\n<a href=\"https://seekingalpha.com/article/4681387-nio-now-a-steal-below-5-upgrade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","BK4534":"瑞士信贷持仓","BK6125":"汽车制造商","NIO.SI":"蔚来","BK4555":"新能源车","BK4551":"寇图资本持仓","BK4585":"ETF&股票定投概念","BK4526":"热门中概股","BK4532":"文艺复兴科技持仓","BK4574":"无人驾驶","BK4509":"腾讯概念","BK4099":"汽车制造商","BK4531":"中概回港概念","BK4588":"碎股","BK4548":"巴美列捷福持仓","BK4504":"桥水持仓","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","NIO":"蔚来","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4505":"高瓴资本持仓","LU0052750758.USD":"富兰克林中国基金A Acc","BK4581":"高盛持仓"},"source_url":"https://seekingalpha.com/article/4681387-nio-now-a-steal-below-5-upgrade","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2424714042","content_text":"NIO Inc. lowers its delivery forecast for 1Q-24 due to soft demand in the Chinese market.Despite the challenges, I believe NIO's stock is undervalued and investors are overreacting to the forecast.NIO's gross profit is improving, and the company's valuation is favorable compared to competitors.Andy FengNIO Inc. just made an announcement that said that the electric-vehicle company was curtailing its delivery forecast for 1Q-24 amid a soft demand environment in the company’s core market China.While slowing growth is obviously a big challenge for NIO, and an obstacle for price appreciation for NIO’s stock, I think that the electric-vehicle company unduly suffers from a painful change in sentiment towards EV businesses.NIO’s stock just made new lows, but the valuation is now at its most compelling point ever, in my view. It seems that investors are overreacting to the company’s forecast and NIO should profit from a rebound in deliveries later this year.My Rating HistoryI modified my stock classification for NIO to Buy last December due to a strategic investment deal between NIO and CYVN Holdings. In 2023, the holding company chose to invest $2.2 billion into NIO and bankroll the electric-vehicle company’s EV growth strategy. Unfortunately, and against my expectations, NIO has traded consistently lower since December as concerns over electric-vehicle demand took center stage.Though NIO’s electric-vehicle growth is flat-lining in the short-term, I think that the margin setup is convincing and that NIO has recovery potential.Updated Delivery Forecast For 1Q-24 And Delivery RecoveryAccording to a delivery projection update from Wednesday, NIO anticipates approximately 30,000 electric-vehicle deliveries for the first quarter which is down from a prior forecast of 31,000 to 33,000 vehicles. This guidance implies that NIO will deliver approximately 11,813 vehicles in March. The guidance was clearly a negative catalyst, but I think investors might be a bit overreacting here.Compared to the lower end of the previous guidance, NIO adjusted its outlook by only a moderate 3%, so the new guidance clearly should not be seen as a major deal-breaker.Based on this new forecast, NIO is on track to deliver 120,000 electric-vehicles in 2023, but the company is probably going to see a substantial increase in deliveries later this year. This is because first quarter delivery numbers are skewed due to the inclusion of the 15-day Chinese New Year period which means that NIO should see a rebound in deliveries in super-ceding quarters. Between 1Q-23 and 4Q-23, to give you an example, NIO’s deliveries jumped a whopping 61%.During Chinese New Year holidays, factory activity slows to zero as workers in China’s manufacturing hubs, like Shenzhen, head home to their provinces. As a consequence, all electric-vehicle companies report a substantial decline with respect to their first quarter delivery volumes. As workers return, however, and factories return to normal, NIO and other electric-vehicle manufacturers should be able to grow production again.Key Operating Results (NIO)NIO’s Gross Profit Situation Is ImprovingThe outlook adjustment caused NIO’s stock to fall to new lows on Wednesday. With that being said however, NIO’s business is evolving in an encouraging way.NIO’s gross profit in 4Q-23 was RMB 1,279.2 million (US$180.2 million) which was more than double than what the company used to make a year ago. Obviously NIO is still struggling mightily to drive the business toward a black zero (it’s net loss in the fourth quarter of 2023 was RMB 5,592.8 million (US$787.7 million), but with growth in deliveries likely to come back after 1Q-24, I think that NIO is actually on a really good path to grow its business in 2024.Gross Profit (NIO)NIO’s Sales Multiple Is Too Good To Be TrueIf NIO has one thing going in its favor right now it is its valuation multiple. NIO suffered new selling pressure and the company’s stock fell to a new low of $4.67 after the delivery outlook adjustment. With that being said, though, NIO’s sales potential is hardly overvalued right now which equates to a very favorable risk/reward relationship, in my view. NIO’s stock is valued at a P/S ratio of 0.98x which is calculated based on the company’s anticipated sales in 2024. The P/S ratio relates to the 2024 financial year. With NIO’s sales anticipated to grow in 2024, I think that the P/S ratio is the most appropriate valuation ratio for the electric-vehicle company.XPeng Inc. (XPEV), a top competitor, sells at 1.4x sales (also based on current year sales). However, XPeng sees much lower deliveries for 1Q-24 than NIO: The electric-vehicle company guided for only between 21,000 and 22,500 deliveries in the first quarter.XPeng reduced its net loss by 43% in 4Q-23, primarily because of surging sales growth, but the electric-vehicle company does have weaker gross profit margins than NIO (NIO had a 4Q-23 gross profit margin of 7.5% compared to XPeng’s 6.2% margin). XPeng also has a much smaller delivery target for 1Q-24 which is why I would prefer NIO over XPeng every day of the week.Historically, NIO has sold for much higher sales multiples. In 2023, NIO was selling at a more than 3.0x sales and the company has made considerable strides in terms of improving its gross profit picture.Data by YChartsWhy The Investment Thesis Might DisappointNIO obviously cannot escape market forces which in this case point to waning demand for electric vehicles in the company’s core market, China.Obviously, the potential for delivery disappointments is a wildcard here for NIO in the short-term, but investors should keep in mind that 1Q-24 delivery numbers are not representative due to Chinese New Year. Most likely, they are going to rebound in the following quarters.The thesis would be a disappointment for me if NIO suffered a deterioration in its gross profit margins throughout 2024.My ConclusionNIO’s stock price recently fell below $5, but in my view, now is the best time to buy NIO in years.The long-term outlook for the electric-vehicle industry is positive and investors should anticipate ups and downs in both NIO’s underlying business as well as in the stock price.The first quarter delivery adjustment was not great, but it also wasn’t a major disaster as the estimated decline was only a paltry 3% from the lower end of NIO’s previous guidance.I continue to anticipate a gradual recovery in delivery volumes in the coming quarters and think that NIO presently has its best risk/reward relationship in years.With the stock selling at such a low sales multiple, I think that NIO’s valuation actually embeds a very high margin of safety. Strong Buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":243452057534464,"gmtCreate":1700473682717,"gmtModify":1700474107844,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Anyone who agrees to this bullshit should sell now lol. A bull run is uet to even start. Move on","listText":"Anyone who agrees to this bullshit should sell now lol. A bull run is uet to even start. Move on","text":"Anyone who agrees to this bullshit should sell now lol. A bull run is uet to even start. Move on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/243452057534464","repostId":"2384378060","repostType":4,"repost":{"id":"2384378060","pubTimestamp":1700472574,"share":"https://ttm.financial/m/news/2384378060?lang=&edition=fundamental","pubTime":"2023-11-20 17:29","market":"us","language":"en","title":"The Stock Market Rally Is Likely To Vanish As Earnings Estimates Deteriorate","url":"https://stock-news.laohu8.com/highlight/detail?id=2384378060","media":"Seekingalpha","summary":"S&P 500 gains driven by multiple expansion as earnings estimates for Q4 and Q1 fall.Sales growth expected to turn higher despite inflation rate coming down, but may stall due to slower economic growth","content":"<html><head></head><body><ul style=\"\"><li><p>S&amp;P 500 gains driven by multiple expansion as earnings estimates for Q4 and Q1 fall.</p></li><li><p>Sales growth expected to turn higher despite inflation rate coming down, but may stall due to slower economic growth.</p></li><li><p>Margin expansion driving optimism for earnings growth, but PPI data suggests margins will contract in 2024.</p></li></ul><p>After falling by around 10% since the end of July, the S&amp;P 500 has snapped back reasonably quickly. However, it would seem that gains have been driven chiefly by multiple expansion as earnings estimates for the fourth quarter and the first quarter of next year fall.</p><p>Earnings estimates over the next twelve months are forecast to grow by around 5.4% and should continue to climb to about 10% based on earnings estimates for 2024 of about $242. That seems optimistic, especially if inflation rates start to come down, which means that sales growth will likely stall.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53f83aae46e3dfed5d425515f02d3ba7\" tg-width=\"640\" tg-height=\"283\"/></p><p>Over time, sales growth tends to trend with the CPI inflation rate, and that has been the case for many years. At this point, though, analysts are expecting to see sales growth turn higher over the next 12 months despite the inflation rate coming down and ultimately stalling out.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f27a921dc2435a0747d29a857c1ce22b\" tg-width=\"640\" tg-height=\"283\"/></p><p>As the inflation rate continues to slow, one would expect to see nominal GDP growth slow, and that should also result in the sales growth rate of the S&amp;P 500 slowing as well. Slower economic growth and lower inflation rates should translate to either coming down or stalling out sales growth. This means that margins must expand, and buybacks must increase to compensate for the lack of sales growth.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dbfb843c6351d4d75fdcfe6f644eb32e\" tg-width=\"640\" tg-height=\"283\"/></p><p>Margin expansion is driving most of the optimism for the earnings growth next year. However, the latest PPI data suggest that margins should start contracting in 2024, not expand. The PPI Trade Services data showed a year-over-year increase of just 0.8% in October, its lowest since late 2019. This PPI data point tends to trend with S&amp;P 500 margins over time and would suggest that margin estimates are likely to fall over the next twelve months.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bed32f6ef232e11576db54bf0a107f13\" tg-width=\"640\" tg-height=\"283\"/></p><p>We are already seeing the fourth quarter of 2023 net margin estimates dropping and the first quarter of 2024 net margin estimates dropping. This trend will likely remain as labor costs stay somewhat elevated and above the historical norms and broader inflation falls across the economy, meaning companies can&#39;t pass on higher costs to the consumer.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57b758bd82257f5833f78592bf737970\" tg-width=\"640\" tg-height=\"283\"/></p><p>Additionally, there will need to be an increase in buybacks to start boosting earnings estimates next year if sales and margin expansion are unable to deliver. At least through the third quarter of 2023, buybacks are down from their peak of around $110 per share in 2021 to about $90 per share.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61a00b2cfd35117fbbbbfdfc66585cef\" tg-width=\"640\" tg-height=\"283\"/></p><p>Further, the number of buyback programs that increased in the third quarter has fallen to 13, and the number of new buyback programs that started has fallen to just 1. Buybacks over the years have been able to add a tailwind to earnings growth, and at least to this point, buybacks seem not to be as strong as they have been in the past.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2794545ff209d424aea01be75b23d7bf\" tg-width=\"640\" tg-height=\"320\"/></p><p>Right now, the rally in the S&amp;P 500 has been essentially driven by multiple expansion, not because the market&#39;s earnings outlook is improving. It would seem that the outlook for earnings going into next year may be too optimistic. At this point, investors are paying an above-average PE ratio for a below-average expected growth rate over the next twelve months. The current EPS growth rate corresponds to a PE ratio of around 16.5, not the current 18.8.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61bfafbaac213b4beeefec7f5b8e2c3f\" tg-width=\"640\" tg-height=\"283\"/></p><p>When considering the S&amp;P 500 earnings growth rate over the next 12 months versus a 10-year Treasury rate of 4.4%, an investor only earns 0.5 bp more in earnings growth than interest payments. Typically when the spread has been this low, the PE of the S&amp;P 500 is around 16 and has been as low as 12 to 13.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78fff4818d1df009953200dd906893ec\" tg-width=\"640\" tg-height=\"283\"/></p><p>It probably means the latest rally in the S&amp;P 500 is driven by speculation of a brighter outlook and maybe some positioning. However, it appears to be caused not by the fundamentals of an improving perspective but more by the perception of an improving view. On the surface, the trends for the fourth quarter of 2023 and the first quarter of 2024 are deteriorating. If inflation stays in the 3% range and the wage growth rate remains around 4%, then we should see sales growth stall and margins erode, driving earnings estimates lower over the next several months.</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>The Stock Market Rally Is Likely To Vanish As Earnings Estimates Deteriorate</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 Stock Market Rally Is Likely To Vanish As Earnings Estimates Deteriorate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-20 17:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4652912-stock-market-rally-vanish-earnings-estimates-deteriorate><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>S&P 500 gains driven by multiple expansion as earnings estimates for Q4 and Q1 fall.Sales growth expected to turn higher despite inflation rate coming down, but may stall due to slower economic growth...</p>\n\n<a href=\"https://seekingalpha.com/article/4652912-stock-market-rally-vanish-earnings-estimates-deteriorate\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","BK4585":"ETF&股票定投概念",".SPX":"S&P 500 Index","BK4581":"高盛持仓","VOO":"Vanguard标普500ETF","BK4588":"碎股","SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4652912-stock-market-rally-vanish-earnings-estimates-deteriorate","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2384378060","content_text":"S&P 500 gains driven by multiple expansion as earnings estimates for Q4 and Q1 fall.Sales growth expected to turn higher despite inflation rate coming down, but may stall due to slower economic growth.Margin expansion driving optimism for earnings growth, but PPI data suggests margins will contract in 2024.After falling by around 10% since the end of July, the S&P 500 has snapped back reasonably quickly. However, it would seem that gains have been driven chiefly by multiple expansion as earnings estimates for the fourth quarter and the first quarter of next year fall.Earnings estimates over the next twelve months are forecast to grow by around 5.4% and should continue to climb to about 10% based on earnings estimates for 2024 of about $242. That seems optimistic, especially if inflation rates start to come down, which means that sales growth will likely stall.Over time, sales growth tends to trend with the CPI inflation rate, and that has been the case for many years. At this point, though, analysts are expecting to see sales growth turn higher over the next 12 months despite the inflation rate coming down and ultimately stalling out.As the inflation rate continues to slow, one would expect to see nominal GDP growth slow, and that should also result in the sales growth rate of the S&P 500 slowing as well. Slower economic growth and lower inflation rates should translate to either coming down or stalling out sales growth. This means that margins must expand, and buybacks must increase to compensate for the lack of sales growth.Margin expansion is driving most of the optimism for the earnings growth next year. However, the latest PPI data suggest that margins should start contracting in 2024, not expand. The PPI Trade Services data showed a year-over-year increase of just 0.8% in October, its lowest since late 2019. This PPI data point tends to trend with S&P 500 margins over time and would suggest that margin estimates are likely to fall over the next twelve months.We are already seeing the fourth quarter of 2023 net margin estimates dropping and the first quarter of 2024 net margin estimates dropping. This trend will likely remain as labor costs stay somewhat elevated and above the historical norms and broader inflation falls across the economy, meaning companies can't pass on higher costs to the consumer.Additionally, there will need to be an increase in buybacks to start boosting earnings estimates next year if sales and margin expansion are unable to deliver. At least through the third quarter of 2023, buybacks are down from their peak of around $110 per share in 2021 to about $90 per share.Further, the number of buyback programs that increased in the third quarter has fallen to 13, and the number of new buyback programs that started has fallen to just 1. Buybacks over the years have been able to add a tailwind to earnings growth, and at least to this point, buybacks seem not to be as strong as they have been in the past.Right now, the rally in the S&P 500 has been essentially driven by multiple expansion, not because the market's earnings outlook is improving. It would seem that the outlook for earnings going into next year may be too optimistic. At this point, investors are paying an above-average PE ratio for a below-average expected growth rate over the next twelve months. The current EPS growth rate corresponds to a PE ratio of around 16.5, not the current 18.8.When considering the S&P 500 earnings growth rate over the next 12 months versus a 10-year Treasury rate of 4.4%, an investor only earns 0.5 bp more in earnings growth than interest payments. Typically when the spread has been this low, the PE of the S&P 500 is around 16 and has been as low as 12 to 13.It probably means the latest rally in the S&P 500 is driven by speculation of a brighter outlook and maybe some positioning. However, it appears to be caused not by the fundamentals of an improving perspective but more by the perception of an improving view. On the surface, the trends for the fourth quarter of 2023 and the first quarter of 2024 are deteriorating. If inflation stays in the 3% range and the wage growth rate remains around 4%, then we should see sales growth stall and margins erode, driving earnings estimates lower over the next several months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":241370165580072,"gmtCreate":1699956780631,"gmtModify":1699956805027,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Baba?! Hahahaha no way","listText":"Baba?! Hahahaha no way","text":"Baba?! Hahahaha no way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/241370165580072","repostId":"2383510360","repostType":4,"repost":{"id":"2383510360","pubTimestamp":1699950891,"share":"https://ttm.financial/m/news/2383510360?lang=&edition=fundamental","pubTime":"2023-11-14 16:34","market":"hk","language":"en","title":"Alibaba: 2 Catalysts Have Emerged To Drive The Stock Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=2383510360","media":"Seeking Alpha","summary":"Some undervalued companies can stay undervalued for far longer than we realize. Alibaba Group Holding Limited is one such company that has continued to disappoint investors despite looking very cheapl","content":"<html><head></head><body><ul style=\"\"><li><p>Some undervalued companies can stay undervalued for far longer than we realize. Alibaba Group Holding Limited is one such company that has continued to disappoint investors despite looking very cheaply valued.</p></li><li><p>The announcement of a business split, the improving regulatory outlook in China, China&#39;s comeback from Covid woes, and the tech stock rally in 2023 have failed to lift Alibaba stock.</p></li><li><p>Encouragingly, earnings revisions are moving in the right direction today, which is likely to trigger a strong up-move in the stock price.</p></li><li><p>The investment thesis for Alibaba is centered around the recovery of the Chinese economy, the business separation creating value, Alibaba&#39;s leadership in high-growth markets, and share repurchases.</p></li><li><p>I have been an Alibaba bull for more than two years now, and I have decided to add to my position today ahead of Wednesday&#39;s meeting between President Biden and Xi Jinping.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f805543ab3786cb8cb1d7d9034e0368\" alt=\"Robert Way\" title=\"Robert Way\" tg-width=\"750\" tg-height=\"500\"/><span>Robert Way</span></p><p>Undervalued companies can stay undervalued for far longer than we realize. This is a difficult-to-swallow truth, I know. When we identify a potentially undervalued company after conducting thorough research and investing in it at seemingly attractive prices, it is easy to be disheartened when the stock price goes nowhere over a long period.</p><p><strong>Alibaba Group Holding Limited</strong> (NYSE:BABA) is one such company that has continued to disappoint investors despite looking very cheaply valued in the market. The announcement of a business split, the improving regulatory outlook in China toward tech companies, China&#39;s comeback from Covid woes, and the strong tech stock rally in 2023 have surprisingly failed to boost BABA stock this year. As you can see from the below price chart, Alibaba stock has failed to maintain any momentum since September 2020 despite giving hopes of a breakthrough several times.</p><p><strong>Exhibit 1: Alibaba stock price chart</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23e2b076d92aa9915272dc00a457500f\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"435\"/><span>Data by YCharts</span></p><p>I have been bullish on Alibaba for quite some time now. Back in December 2020, when there was no clarity surrounding the regulatory environment in China, I claimed investing in Alibaba was nothing short of a gamble on politics at the time. However, by mid-2021, I turned bullish on the company. Not surprisingly, my investment in BABA has returned disappointing returns so far. But, as a long-term-oriented investor, I remain confident in the potential for Alibaba stock to deliver market-beating returns in the long run (5+ years from now).</p><p>After revisiting Alibaba, I have identified two catalysts that could boost the stock higher in the foreseeable future.</p><ol start=\"1\" style=\"\"><li><p>The meeting between President Biden and Chinese President Xi Jinping which is scheduled for November 15.</p></li><li><p>The overwhelmingly positive earnings revisions in recent months.</p></li></ol><p>Before discussing the expected impact of the aforementioned developments on BABA stock, I will briefly revisit my investment thesis for Alibaba.</p><h2 id=\"id_3113755565\">Alibaba Has A Long Runway To Grow</h2><p>My investment thesis for Alibaba is centered around several key assumptions.</p><p>First, I expect the Chinese economy to continue to recover in the coming quarters, enabling Alibaba to thrive as retail consumption gets back on the right track. In the third quarter, China&#39;s economy grew 4.9% YoY, surpassing analyst expectations. Retail sales increased by 6.8% in the first 9 months of the year, while retail sales of gold, silver, jewelry, and recreational goods all showed positive trends. Online retail sales, a key determinant of the health of the Chinese economy, grew almost 12% YoY in the first 9 months of the year. All this points to a robust recovery of consumer spending in China despite the threat posed by lackluster investments in properties. The chart below highlights how retail sales have recovered after a slump between 2021 and mid-2022.</p><p><strong>Exhibit 2: Retail sales growth in China (YoY)</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88e178692145be8486ec57d59a8892f1\" alt=\"Trading Economics\" title=\"Trading Economics\" tg-width=\"640\" tg-height=\"358\"/><span>Trading Economics</span></p><p>Second, I expect Alibaba&#39;s business separation to create value in the long term by enabling efficient capital allocation. It may take a few years following the split to see any improvements on this front, but I am confident Alibaba will emerge as a lean, more efficient business following the separation. The new business structure, once in full effect, should also make it easier for the company to navigate regulatory hurdles more efficiently as the business operations will have more transparency.</p><p>Third, I expect Alibaba to remain the leader in several high-growth markets in China, including retail e-commerce (Taobao and Tmall), wholesale e-commerce (Alibaba), and cloud services (Alibaba Cloud). With all these end markets enjoying growth tailwinds, Alibaba&#39;s leading position should help the company earn economic profits over an extensive period. In Q2, Alibaba&#39;s revenue grew just over 5% YoY, marking the end of a 4-quarter period in which the company reported YoY declines in revenue. This, in my opinion, marks the beginning of Alibaba&#39;s return to growth.</p><p>Finally, Alibaba is well-positioned to aggressively repurchase shares, which should unlock value for shareholders given my belief the company is significantly undervalued today. At the end of the second quarter, Alibaba&#39;s authorized share repurchase program - $40 billion through March 2025 - had a remaining capacity of approximately $16 billion. In the last three quarters, Alibaba has spent $3.05 billion, $10.88 billion, and $3.54 billion, respectively, to repurchase common shares. With Alibaba sitting on $75 billion in cash and expected to generate more than $20 billion in operating cash flows in the next 12 months, I believe the company will put its foot down on the pedal to accelerate the utilization of its share repurchase authorization.</p><p>With this recap of my investment thesis for Alibaba, let&#39;s move on to discuss the catalysts that have emerged to drive Alibaba stock higher.</p><h2 id=\"id_1642241411\">There Is Reason for BABA Stock To Move Higher, Finally</h2><p>In my opinion, identifying catalysts that could drive a stock higher is fundamentally more challenging than identifying an undervalued company. Because undervalued companies can remain so for extended periods, it is important, as investors, to find catalysts that could bridge the gap between the perceived intrinsic value of a company and its market value.</p><p>Today, Alibaba is well-positioned to benefit from two catalysts.</p><p>First, President Biden is scheduled to meet Chinese President Xi Jinping in a couple of days, and I expect this meeting to clear the air between the two countries. According to U.S. officials, the below topics are slated to be discussed in the upcoming meeting.</p><ul style=\"\"><li><p>Israel-Hamas war</p></li><li><p>Taiwan</p></li><li><p>Russia-Ukraine war</p></li><li><p>Election interference.</p></li></ul><p>In addition to these, I believe the two leaders will engage in discussions surrounding technological transfer and trade. The BBC cited a U.S. administrator saying:</p><blockquote><p>The goals here really are about managing the competition, preventing the downside of risk - of conflict, and ensuring channels of communication are open.</p></blockquote><p>It would be naive to expect this meeting to result in breakthrough developments that restore the relationship between the two nations, but I am optimistic that this meeting will steer the two countries in the right direction to manage geopolitical risks better, in a more diplomatic way. My optimism is based on the fact that the U.S. has tried to mend its relationship with China in recent times. For instance, last June, Secretary of State Antony Blinken traveled to China to meet with the Chinese President. Below is an excerpt from the official statement released by the Department of State following this visit.</p><blockquote><p>The two sides had candid, substantive, and constructive discussions on key priorities in the bilateral relationship and on a range of global and regional issues. The Secretary emphasized the importance of maintaining open channels of communication across the full range of issues to reduce the risk of miscalculation. He made clear that while we will compete vigorously, the United States will responsibly manage that competition so that the relationship does not veer into conflict. The Secretary stressed that the United States would continue to use diplomacy to raise areas of concern as well as areas of potential cooperation where our interests align.</p></blockquote><p>With the domestic regulatory landscape increasingly moving in the right direction, Alibaba stock will benefit from any favorable developments that may arise from the meeting between President Biden and Xi Jinping.</p><p>Second, earnings revisions have been moving higher in the last few weeks, which I believe is a leading indicator of a change in investor sentiment toward a stock. Although earnings revisions do not directly impact stock prices in most cases, empirical evidence (refer to Prof. Eli Bartov&#39;s many studies) suggests there is a strong correlation between earnings revisions and stock price movements.</p><p><strong>Exhibit 3: EPS revision trend</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8e9e9cd44ecd653ba501f13f1a49b5e\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"300\"/><span>Seeking Alpha</span></p><p>As illustrated above, earnings revisions are moving higher after falling off a cliff since 2020. This, in my opinion, is likely to trigger a strong positive move from BABA.</p><h2 id=\"id_2095203144\">Takeaway</h2><p>Alibaba Group Holding Limited is on the verge of getting back into its growth groove, and the company is poised to benefit from two catalysts that could send its stock higher in the foreseeable future. I have been a BABA bull for more than two years now, and I have decided to add to my position today ahead of Wednesday&#39;s meeting between President Biden and Xi Jinping. Investing in Alibaba, however, may not be suitable for investors looking to make some quick bucks. I believe it will take a couple of years - at least - for my investment thesis to fully play out, which makes the company suitable for risk-seeking growth investors looking to beat the market.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</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>Alibaba: 2 Catalysts Have Emerged To Drive The Stock Higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: 2 Catalysts Have Emerged To Drive The Stock Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-14 16:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4651308-alibaba-2-catalysts-have-emerged-to-drive-the-stock-higher><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some undervalued companies can stay undervalued for far longer than we realize. Alibaba Group Holding Limited is one such company that has continued to disappoint investors despite looking very ...</p>\n\n<a href=\"https://seekingalpha.com/article/4651308-alibaba-2-catalysts-have-emerged-to-drive-the-stock-higher\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4587":"ChatGPT概念","BK4558":"双十一","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4524":"宅经济概念","BK4220":"综合零售","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","BK4535":"淡马锡持仓","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4527":"明星科技股","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4538":"云计算","BABA":"阿里巴巴","BK4579":"人工智能","BK4526":"热门中概股","BK4588":"碎股","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4502":"阿里概念","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","LU0918141887.USD":"安联亚洲实际收益股票基金","BK4504":"桥水持仓","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","09988":"阿里巴巴-W","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","BK4548":"巴美列捷福持仓","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4565":"NFT概念","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4554":"元宇宙及AR概念","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4531":"中概回港概念"},"source_url":"https://seekingalpha.com/article/4651308-alibaba-2-catalysts-have-emerged-to-drive-the-stock-higher","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2383510360","content_text":"Some undervalued companies can stay undervalued for far longer than we realize. Alibaba Group Holding Limited is one such company that has continued to disappoint investors despite looking very cheaply valued.The announcement of a business split, the improving regulatory outlook in China, China's comeback from Covid woes, and the tech stock rally in 2023 have failed to lift Alibaba stock.Encouragingly, earnings revisions are moving in the right direction today, which is likely to trigger a strong up-move in the stock price.The investment thesis for Alibaba is centered around the recovery of the Chinese economy, the business separation creating value, Alibaba's leadership in high-growth markets, and share repurchases.I have been an Alibaba bull for more than two years now, and I have decided to add to my position today ahead of Wednesday's meeting between President Biden and Xi Jinping.Robert WayUndervalued companies can stay undervalued for far longer than we realize. This is a difficult-to-swallow truth, I know. When we identify a potentially undervalued company after conducting thorough research and investing in it at seemingly attractive prices, it is easy to be disheartened when the stock price goes nowhere over a long period.Alibaba Group Holding Limited (NYSE:BABA) is one such company that has continued to disappoint investors despite looking very cheaply valued in the market. The announcement of a business split, the improving regulatory outlook in China toward tech companies, China's comeback from Covid woes, and the strong tech stock rally in 2023 have surprisingly failed to boost BABA stock this year. As you can see from the below price chart, Alibaba stock has failed to maintain any momentum since September 2020 despite giving hopes of a breakthrough several times.Exhibit 1: Alibaba stock price chartData by YChartsI have been bullish on Alibaba for quite some time now. Back in December 2020, when there was no clarity surrounding the regulatory environment in China, I claimed investing in Alibaba was nothing short of a gamble on politics at the time. However, by mid-2021, I turned bullish on the company. Not surprisingly, my investment in BABA has returned disappointing returns so far. But, as a long-term-oriented investor, I remain confident in the potential for Alibaba stock to deliver market-beating returns in the long run (5+ years from now).After revisiting Alibaba, I have identified two catalysts that could boost the stock higher in the foreseeable future.The meeting between President Biden and Chinese President Xi Jinping which is scheduled for November 15.The overwhelmingly positive earnings revisions in recent months.Before discussing the expected impact of the aforementioned developments on BABA stock, I will briefly revisit my investment thesis for Alibaba.Alibaba Has A Long Runway To GrowMy investment thesis for Alibaba is centered around several key assumptions.First, I expect the Chinese economy to continue to recover in the coming quarters, enabling Alibaba to thrive as retail consumption gets back on the right track. In the third quarter, China's economy grew 4.9% YoY, surpassing analyst expectations. Retail sales increased by 6.8% in the first 9 months of the year, while retail sales of gold, silver, jewelry, and recreational goods all showed positive trends. Online retail sales, a key determinant of the health of the Chinese economy, grew almost 12% YoY in the first 9 months of the year. All this points to a robust recovery of consumer spending in China despite the threat posed by lackluster investments in properties. The chart below highlights how retail sales have recovered after a slump between 2021 and mid-2022.Exhibit 2: Retail sales growth in China (YoY)Trading EconomicsSecond, I expect Alibaba's business separation to create value in the long term by enabling efficient capital allocation. It may take a few years following the split to see any improvements on this front, but I am confident Alibaba will emerge as a lean, more efficient business following the separation. The new business structure, once in full effect, should also make it easier for the company to navigate regulatory hurdles more efficiently as the business operations will have more transparency.Third, I expect Alibaba to remain the leader in several high-growth markets in China, including retail e-commerce (Taobao and Tmall), wholesale e-commerce (Alibaba), and cloud services (Alibaba Cloud). With all these end markets enjoying growth tailwinds, Alibaba's leading position should help the company earn economic profits over an extensive period. In Q2, Alibaba's revenue grew just over 5% YoY, marking the end of a 4-quarter period in which the company reported YoY declines in revenue. This, in my opinion, marks the beginning of Alibaba's return to growth.Finally, Alibaba is well-positioned to aggressively repurchase shares, which should unlock value for shareholders given my belief the company is significantly undervalued today. At the end of the second quarter, Alibaba's authorized share repurchase program - $40 billion through March 2025 - had a remaining capacity of approximately $16 billion. In the last three quarters, Alibaba has spent $3.05 billion, $10.88 billion, and $3.54 billion, respectively, to repurchase common shares. With Alibaba sitting on $75 billion in cash and expected to generate more than $20 billion in operating cash flows in the next 12 months, I believe the company will put its foot down on the pedal to accelerate the utilization of its share repurchase authorization.With this recap of my investment thesis for Alibaba, let's move on to discuss the catalysts that have emerged to drive Alibaba stock higher.There Is Reason for BABA Stock To Move Higher, FinallyIn my opinion, identifying catalysts that could drive a stock higher is fundamentally more challenging than identifying an undervalued company. Because undervalued companies can remain so for extended periods, it is important, as investors, to find catalysts that could bridge the gap between the perceived intrinsic value of a company and its market value.Today, Alibaba is well-positioned to benefit from two catalysts.First, President Biden is scheduled to meet Chinese President Xi Jinping in a couple of days, and I expect this meeting to clear the air between the two countries. According to U.S. officials, the below topics are slated to be discussed in the upcoming meeting.Israel-Hamas warTaiwanRussia-Ukraine warElection interference.In addition to these, I believe the two leaders will engage in discussions surrounding technological transfer and trade. The BBC cited a U.S. administrator saying:The goals here really are about managing the competition, preventing the downside of risk - of conflict, and ensuring channels of communication are open.It would be naive to expect this meeting to result in breakthrough developments that restore the relationship between the two nations, but I am optimistic that this meeting will steer the two countries in the right direction to manage geopolitical risks better, in a more diplomatic way. My optimism is based on the fact that the U.S. has tried to mend its relationship with China in recent times. For instance, last June, Secretary of State Antony Blinken traveled to China to meet with the Chinese President. Below is an excerpt from the official statement released by the Department of State following this visit.The two sides had candid, substantive, and constructive discussions on key priorities in the bilateral relationship and on a range of global and regional issues. The Secretary emphasized the importance of maintaining open channels of communication across the full range of issues to reduce the risk of miscalculation. He made clear that while we will compete vigorously, the United States will responsibly manage that competition so that the relationship does not veer into conflict. The Secretary stressed that the United States would continue to use diplomacy to raise areas of concern as well as areas of potential cooperation where our interests align.With the domestic regulatory landscape increasingly moving in the right direction, Alibaba stock will benefit from any favorable developments that may arise from the meeting between President Biden and Xi Jinping.Second, earnings revisions have been moving higher in the last few weeks, which I believe is a leading indicator of a change in investor sentiment toward a stock. Although earnings revisions do not directly impact stock prices in most cases, empirical evidence (refer to Prof. Eli Bartov's many studies) suggests there is a strong correlation between earnings revisions and stock price movements.Exhibit 3: EPS revision trendSeeking AlphaAs illustrated above, earnings revisions are moving higher after falling off a cliff since 2020. This, in my opinion, is likely to trigger a strong positive move from BABA.TakeawayAlibaba Group Holding Limited is on the verge of getting back into its growth groove, and the company is poised to benefit from two catalysts that could send its stock higher in the foreseeable future. I have been a BABA bull for more than two years now, and I have decided to add to my position today ahead of Wednesday's meeting between President Biden and Xi Jinping. Investing in Alibaba, however, may not be suitable for investors looking to make some quick bucks. I believe it will take a couple of years - at least - for my investment thesis to fully play out, which makes the company suitable for risk-seeking growth investors looking to beat the market.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238496164888608,"gmtCreate":1699262284774,"gmtModify":1699262289184,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"i have a position in this&nbsp;company and it really pains me to say this - im ready to lose money here. Fortunately i have sized my position. This company isnt going to do well.&nbsp;","listText":"i have a position in this&nbsp;company and it really pains me to say this - im ready to lose money here. Fortunately i have sized my position. This company isnt going to do well.&nbsp;","text":"i have a position in this company and it really pains me to say this - im ready to lose money here. Fortunately i have sized my position. This company isnt going to do well.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238496164888608","repostId":"2380018672","repostType":4,"repost":{"id":"2380018672","pubTimestamp":1699236272,"share":"https://ttm.financial/m/news/2380018672?lang=&edition=fundamental","pubTime":"2023-11-06 10:04","market":"us","language":"en","title":"Warning: Nothing Is Stopping NIO Stock From Crashing Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2380018672","media":"InvestorPlace","summary":"Barring some positive surprises with earnings and/or upcoming delivery numbers, expect NIO stock to stay under pressure.","content":"<html><head></head><body><ul style=\"\"><li><p><strong>Nio</strong> (<strong><u>NIO</u></strong>) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.</p></li><li><p>Although the company reported solid deliveries growth for October, this growth is not as impressive when compared to that of peers.</p></li><li><p>Disappointment with Nio’s results is likely to continue, which in turn could keep NIO stock moving in a downward trajectory.</p></li></ul><p><strong>Nio</strong> (NYSE: <strong>NIO</strong>) has performed poorly over the past few months. Although shares in the China-based EV maker have found support in recent trading days, I wouldn’t assume that the dust has settled with NIO stock.</p><p>Yes, per the latest headlines, it may seem as if the situation will improve from here for Nio. The company just released monthly delivery numbers, and on the surface deliveries came in strongly. Take a closer look at the numbers, however, and it’s clear that these results are lackluster when compared to that of peers, and to past expectations.</p><p>That’s not all. Little suggests that the company will soon catch up to peers in terms of growth, investors are likely to remain disappointed with Nio’s performance. This, of course, bodes badly for shares.</p><p>With this in mind, read on, as I break down why the bear case still stands with this stock.</p><h2 id=\"id_861471273\">NIO Stock and Relatively Underwhelming Delivery Numbers</h2><p>On Nov. 1, Nio reported 16,074 vehicle deliveries during October, representing a 59.8% increase in deliveries year-over-year. Impressive, right? Well, not quite. Even as deliveries climbed by a high double-digit amount last month, on a sequential (month-over-month) basis, growth was far less stellar.</p><p>As Nio’s September 2023 delivery numbers totaled 15,641 vehicles, October’s deliveries represented a sequential growth of only around 2.77%. The company figures aren’t impressive when compared to delivery numbers reported by China-based peers like <strong>Li Auto</strong> (NASDAQ: <strong>LI</strong>) and <strong>Xpeng</strong> (NYSE: <strong>XPEV</strong>).</p><p>Li’s October deliveries came in at 40,422 vehicles, a 302.1% year-over-year increase, and a 12.1% increase sequentially (based on 36,060 vehicles delivered in September). Xpeng’s deliveries came in at 20,000 for the month, up 292% on a year-over-year basis, and up 31% on a sequential basis.</p><p>While NIO stock did rise following this news, said rise was modest (2.05%) relative to LI (up 3.49%) and XPEV (up 7.04%). Also, the broad market rally on Nov. 1 may have played a larger role in NIO’s rally than on the deliveries news.</p><h2 id=\"id_2700250249\">What This Deliveries Slump Means for Sentiment Going Forward</h2><p>Taking a look at Nio’s delivery figures from July through October, there’s a clear takeaway. The end of China’s “zero Covid” restrictions, plus the launch of new vehicle models, enabled Nio to “level up” its monthly delivery volumes, which for an extended period were stuck at around 10,000 vehicles.</p><p>But while July’s delivery figure (over 20,462) may have suggested Nio was en route to hitting past aggressive sales targets set by management, sales volumes have fallen back in the ensuing months. Now, it appears that Nio can sustain monthly sales of around 15,000 vehicles, or 180,000 vehicles per year.</p><p>The issue? While selling 180,000 premium EVs annually isn’t necessarily anything to sneeze at, barring another round of “leveling up” during November and December, negative sentiment is likely to persist for NIO stock, resulting in further losses for investors. The reasons for this are twofold.</p><p>First, this recent leveling off calls into question whether revenue growth in the coming year will meet expectations. Sell-side consensus currently calls for sales to hit $13.23 billion next, a 56.75% increase. Second, this growth slump calls for yet another walking back of Nio’s timeline to profitability.</p><h2 id=\"id_417200406\">Bottom Line: Expect This Stock to Stay Under Pressure</h2><p>Nio has already given back all of its gains accrued during the “EV bubble” era of 2020-2021, but don’t assume that means the stock is finding a floor, after falling back towards pre-bubble prices.</p><p>Even before the bubble, Nio was given a rich valuation relative to its then-current performance, on the expectation that it was going to become China’s answer to <strong>Tesla</strong> (NASDAQ: <strong>TSLA</strong>), a world-class EV brand with a global reach.</p><p>Yet now, it’s clear the company is likely to be an “also ran” brand in its home market. Over in Europe, its first area of international expansion, Nio is scrambling to boost sales, further signaling this isn’t a “Tesla killer” in the making.</p><p>Barring the unveiling of positive surprises in Nio’s upcoming earnings release (scheduled for Nov. 9), or with its November and December vehicle delivery numbers, expect NIO stock to stay under pressure.</p></body></html>","source":"investorplace_stock_picks","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>Warning: Nothing Is Stopping NIO Stock From Crashing Now</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\">\nWarning: Nothing Is Stopping NIO Stock From Crashing Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-06 10:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio (NIO) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.Although the company reported solid deliveries growth for October, this growth ...</p>\n\n<a href=\"https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2380018672","content_text":"Nio (NIO) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.Although the company reported solid deliveries growth for October, this growth is not as impressive when compared to that of peers.Disappointment with Nio’s results is likely to continue, which in turn could keep NIO stock moving in a downward trajectory.Nio (NYSE: NIO) has performed poorly over the past few months. Although shares in the China-based EV maker have found support in recent trading days, I wouldn’t assume that the dust has settled with NIO stock.Yes, per the latest headlines, it may seem as if the situation will improve from here for Nio. The company just released monthly delivery numbers, and on the surface deliveries came in strongly. Take a closer look at the numbers, however, and it’s clear that these results are lackluster when compared to that of peers, and to past expectations.That’s not all. Little suggests that the company will soon catch up to peers in terms of growth, investors are likely to remain disappointed with Nio’s performance. This, of course, bodes badly for shares.With this in mind, read on, as I break down why the bear case still stands with this stock.NIO Stock and Relatively Underwhelming Delivery NumbersOn Nov. 1, Nio reported 16,074 vehicle deliveries during October, representing a 59.8% increase in deliveries year-over-year. Impressive, right? Well, not quite. Even as deliveries climbed by a high double-digit amount last month, on a sequential (month-over-month) basis, growth was far less stellar.As Nio’s September 2023 delivery numbers totaled 15,641 vehicles, October’s deliveries represented a sequential growth of only around 2.77%. The company figures aren’t impressive when compared to delivery numbers reported by China-based peers like Li Auto (NASDAQ: LI) and Xpeng (NYSE: XPEV).Li’s October deliveries came in at 40,422 vehicles, a 302.1% year-over-year increase, and a 12.1% increase sequentially (based on 36,060 vehicles delivered in September). Xpeng’s deliveries came in at 20,000 for the month, up 292% on a year-over-year basis, and up 31% on a sequential basis.While NIO stock did rise following this news, said rise was modest (2.05%) relative to LI (up 3.49%) and XPEV (up 7.04%). Also, the broad market rally on Nov. 1 may have played a larger role in NIO’s rally than on the deliveries news.What This Deliveries Slump Means for Sentiment Going ForwardTaking a look at Nio’s delivery figures from July through October, there’s a clear takeaway. The end of China’s “zero Covid” restrictions, plus the launch of new vehicle models, enabled Nio to “level up” its monthly delivery volumes, which for an extended period were stuck at around 10,000 vehicles.But while July’s delivery figure (over 20,462) may have suggested Nio was en route to hitting past aggressive sales targets set by management, sales volumes have fallen back in the ensuing months. Now, it appears that Nio can sustain monthly sales of around 15,000 vehicles, or 180,000 vehicles per year.The issue? While selling 180,000 premium EVs annually isn’t necessarily anything to sneeze at, barring another round of “leveling up” during November and December, negative sentiment is likely to persist for NIO stock, resulting in further losses for investors. The reasons for this are twofold.First, this recent leveling off calls into question whether revenue growth in the coming year will meet expectations. Sell-side consensus currently calls for sales to hit $13.23 billion next, a 56.75% increase. Second, this growth slump calls for yet another walking back of Nio’s timeline to profitability.Bottom Line: Expect This Stock to Stay Under PressureNio has already given back all of its gains accrued during the “EV bubble” era of 2020-2021, but don’t assume that means the stock is finding a floor, after falling back towards pre-bubble prices.Even before the bubble, Nio was given a rich valuation relative to its then-current performance, on the expectation that it was going to become China’s answer to Tesla (NASDAQ: TSLA), a world-class EV brand with a global reach.Yet now, it’s clear the company is likely to be an “also ran” brand in its home market. Over in Europe, its first area of international expansion, Nio is scrambling to boost sales, further signaling this isn’t a “Tesla killer” in the making.Barring the unveiling of positive surprises in Nio’s upcoming earnings release (scheduled for Nov. 9), or with its November and December vehicle delivery numbers, expect NIO stock to stay under pressure.","news_type":1},"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234171187888392,"gmtCreate":1698179651980,"gmtModify":1698182664089,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Bro, dont write so much logic. The reason why baba still down is because baba is backed by investors belonging to jiang faction. As long as this remains, Xi would not let it rise because he cannot afford to have liquidity go towards the other faction. All your other logics dont matter.&nbsp;","listText":"Bro, dont write so much logic. The reason why baba still down is because baba is backed by investors belonging to jiang faction. As long as this remains, Xi would not let it rise because he cannot afford to have liquidity go towards the other faction. All your other logics dont matter.&nbsp;","text":"Bro, dont write so much logic. The reason why baba still down is because baba is backed by investors belonging to jiang faction. As long as this remains, Xi would not let it rise because he cannot afford to have liquidity go towards the other faction. All your other logics dont matter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234171187888392","repostId":"2377955157","repostType":4,"repost":{"id":"2377955157","pubTimestamp":1698149016,"share":"https://ttm.financial/m/news/2377955157?lang=&edition=fundamental","pubTime":"2023-10-24 20:03","market":"us","language":"en","title":"Alibaba Stock: Buy, Sell, or Hold?","url":"https://stock-news.laohu8.com/highlight/detail?id=2377955157","media":"Motley Fool","summary":"Shareholders of China's e-commerce powerhouse just can't get a break -- but one's coming sooner rather than later.","content":"<html><head></head><body><p>The past three years have been tough for <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> and, by extension, its shareholders. Most economists aren&#39;t particularly optimistic about China&#39;s foreseeable future either and most of Alibaba&#39;s revenue comes from China. That&#39;s a big reason Alibaba shares remain down 75% from their late-2020 peak. The stock merely moved sideways since March of last year.</p><p>What if, however, China&#39;s economy is far healthier than the current narrative seems to suggest?</p><p>That&#39;s arguably the case right now, making Alibaba stock a much stronger buy than most investors realize.</p><h3 id=\"id_3784382589\">Despite the rhetoric, China&#39;s seeing green shoots</h3><p>Don&#39;t misunderstand: China&#39;s still dealing with challenges that adversely impact its consumerism and corporate spending. Take its real estate market as an example. The nation&#39;s home prices fell for a third straight month in September, according to its National Bureau of Statistics, despite efforts specifically aimed at propping home prices up.</p><p>The country&#39;s overall economic engine isn&#39;t exactly sputtering, though. Last quarter&#39;s GDP growth of 4.9% (year over year) topped estimates of 4.6%. That&#39;s slower than the second quarter&#39;s growth pace of 6.3%, but bear in mind that Q2&#39;s figure was compared to a number crimped by lingering COVID-19 lockdowns. On a quarter-to-quarter basis, the third quarter&#39;s economic growth of 1.3% actually accelerated from the second quarter&#39;s clip of 0.5%.</p><p>Meanwhile, other measures of economic strength are up just within the past month. China&#39;s industrial production jumped 4.5% year over year in September, and after July&#39;s disappointing retail spending growth of only 2.5%, the nation&#39;s consumers are spending in earnest again. Retail spending growth sped up to 4.6% in August and reached a growth rate of 5.5% last month.</p><p>More of the same progress could be in the cards too. Although Beijing was arguably slow to act when it first saw evidence of economic weakness, it&#39;s doubling down on stimulus efforts now. Last week, the country&#39;s central bank pumped a record-breaking $100 billion into its economy, following a similarly big injection last Monday. Although this stimulus is meant to support real estate loans, its impact should create a ripple effect that reaches other slivers of China&#39;s economy.</p><p>Given all these indicators, is it still a wait-and-see situation on Alibaba stock? Well, there&#39;s nothing wrong with respecting risk. Investors who wait until all risk has withered away, though, likely end up missing out on the bulk of a stock&#39;s upside potential.</p><h3 id=\"id_1093089810\">Alibaba is lined up for takeoff</h3><p>Interested investors should understand that Alibaba is positioned to disproportionately benefit from China&#39;s brewing economic rebound. Rekindled retail spending creates a tailwind for Alibaba&#39;s online malls Taobao and Tmall. E-commerce accounts for roughly half of Alibaba&#39;s total revenue, after all.</p><p>It&#39;s not just growing consumerism working in Alibaba&#39;s favor, though. China&#39;s consumers are increasingly embracing online shopping anyway, even at the expense of brick-and-mortar spending. Thanks to the proliferation of broadband and wireless service there, Insider Intelligence estimates China&#39;s e-commerce market itself is on pace to expand 9.3% this year, jibing with numbers from market research outfit Global Data. Insider Intelligence further expects the country&#39;s online shopping industry&#39;s revenue to continue growing at this year&#39;s pace at least through 2027.</p><p>And Alibaba is already winning more than its fair share of this expansion. Despite the spending headwind that was supposed to be blowing at the time, Taobao and Tmall&#39;s Q2 revenue was up an impressive 12% year over year following the first quarter&#39;s pronounced headwind. Imagine how well this arm of the company could do in an even better economic environment.</p><p>The rest of Alibaba&#39;s business consists of logistics, cloud computing, digital entertainment, a handful of different types of tech services, and a budding artificial intelligence endeavor. These are all enterprises that struggle when the economic environment is poor. Indeed, not all of them are even profitable at this time. These are all business lines, however, that thrive when China&#39;s economy is firing on all cylinders.</p><p>Also, note that Alibaba is making a point of capitalizing on opportunities as they surface. Case(s) in point: After TikTok recently shut down commercial accounts marketing to Indonesian consumers, Alibaba invited these displaced merchants an easy way to open an online store on an Allibaba.com. The company also recently made a deal with Cambodia&#39;s Ministry of Commerce to help the country&#39;s small businesses build their own online stores.</p><p>In the meantime, Alibaba is building an online mall aimed specifically at a European audience, working with its local merchants and vendors rather than competing against them.</p><h3 id=\"id_1163445530\">Don&#39;t overthink Alibaba</h3><p>Still, what about Alibaba stock&#39;s miserable performance?</p><p>It weighs on the mind to be sure. This is one of those cases, however, where the pessimism and noise took on a life of its own, obscuring a company&#39;s results and prospects. Alibaba <em>is</em> growing its top and bottom lines, and it <em>is</em> expected to continue doing so. China&#39;s economy is on the mend, even if pundits seem almost gleeful when pointing out its pitfalls. Trade tensions between the United States and China are heightened right now, but they&#39;ll likely be curbed for one simple reason: The two countries need each other.</p><p>These are bigger-picture factors working in favor of Alibaba, even if they don&#39;t seem to be helping much right now. It just takes time for investments to pay off because it takes time for the market to remember what really matters.</p><p>That being said, you may not want to wait too long to step into Alibaba stock if that&#39;s your ultimate plan. As the old adage goes, &#34;It&#39;s always darkest before dawn.&#34; Given how grim things seem for the company right now, a rebound may be closer than anyone realizes.</p><p>This might help: Despite the stock&#39;s lousy performance of late, analysts&#39; consensus price target stands at $140.84. That&#39;s 76% above the stock&#39;s present price.</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>Alibaba Stock: Buy, Sell, or Hold?</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\">\nAlibaba Stock: Buy, Sell, or Hold?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-24 20:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/10/23/alibaba-stock-buy-sell-or-hold/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The past three years have been tough for Alibaba and, by extension, its shareholders. Most economists aren't particularly optimistic about China's foreseeable future either and most of Alibaba's ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/10/23/alibaba-stock-buy-sell-or-hold/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.fool.com/investing/2023/10/23/alibaba-stock-buy-sell-or-hold/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2377955157","content_text":"The past three years have been tough for Alibaba and, by extension, its shareholders. Most economists aren't particularly optimistic about China's foreseeable future either and most of Alibaba's revenue comes from China. That's a big reason Alibaba shares remain down 75% from their late-2020 peak. The stock merely moved sideways since March of last year.What if, however, China's economy is far healthier than the current narrative seems to suggest?That's arguably the case right now, making Alibaba stock a much stronger buy than most investors realize.Despite the rhetoric, China's seeing green shootsDon't misunderstand: China's still dealing with challenges that adversely impact its consumerism and corporate spending. Take its real estate market as an example. The nation's home prices fell for a third straight month in September, according to its National Bureau of Statistics, despite efforts specifically aimed at propping home prices up.The country's overall economic engine isn't exactly sputtering, though. Last quarter's GDP growth of 4.9% (year over year) topped estimates of 4.6%. That's slower than the second quarter's growth pace of 6.3%, but bear in mind that Q2's figure was compared to a number crimped by lingering COVID-19 lockdowns. On a quarter-to-quarter basis, the third quarter's economic growth of 1.3% actually accelerated from the second quarter's clip of 0.5%.Meanwhile, other measures of economic strength are up just within the past month. China's industrial production jumped 4.5% year over year in September, and after July's disappointing retail spending growth of only 2.5%, the nation's consumers are spending in earnest again. Retail spending growth sped up to 4.6% in August and reached a growth rate of 5.5% last month.More of the same progress could be in the cards too. Although Beijing was arguably slow to act when it first saw evidence of economic weakness, it's doubling down on stimulus efforts now. Last week, the country's central bank pumped a record-breaking $100 billion into its economy, following a similarly big injection last Monday. Although this stimulus is meant to support real estate loans, its impact should create a ripple effect that reaches other slivers of China's economy.Given all these indicators, is it still a wait-and-see situation on Alibaba stock? Well, there's nothing wrong with respecting risk. Investors who wait until all risk has withered away, though, likely end up missing out on the bulk of a stock's upside potential.Alibaba is lined up for takeoffInterested investors should understand that Alibaba is positioned to disproportionately benefit from China's brewing economic rebound. Rekindled retail spending creates a tailwind for Alibaba's online malls Taobao and Tmall. E-commerce accounts for roughly half of Alibaba's total revenue, after all.It's not just growing consumerism working in Alibaba's favor, though. China's consumers are increasingly embracing online shopping anyway, even at the expense of brick-and-mortar spending. Thanks to the proliferation of broadband and wireless service there, Insider Intelligence estimates China's e-commerce market itself is on pace to expand 9.3% this year, jibing with numbers from market research outfit Global Data. Insider Intelligence further expects the country's online shopping industry's revenue to continue growing at this year's pace at least through 2027.And Alibaba is already winning more than its fair share of this expansion. Despite the spending headwind that was supposed to be blowing at the time, Taobao and Tmall's Q2 revenue was up an impressive 12% year over year following the first quarter's pronounced headwind. Imagine how well this arm of the company could do in an even better economic environment.The rest of Alibaba's business consists of logistics, cloud computing, digital entertainment, a handful of different types of tech services, and a budding artificial intelligence endeavor. These are all enterprises that struggle when the economic environment is poor. Indeed, not all of them are even profitable at this time. These are all business lines, however, that thrive when China's economy is firing on all cylinders.Also, note that Alibaba is making a point of capitalizing on opportunities as they surface. Case(s) in point: After TikTok recently shut down commercial accounts marketing to Indonesian consumers, Alibaba invited these displaced merchants an easy way to open an online store on an Allibaba.com. The company also recently made a deal with Cambodia's Ministry of Commerce to help the country's small businesses build their own online stores.In the meantime, Alibaba is building an online mall aimed specifically at a European audience, working with its local merchants and vendors rather than competing against them.Don't overthink AlibabaStill, what about Alibaba stock's miserable performance?It weighs on the mind to be sure. This is one of those cases, however, where the pessimism and noise took on a life of its own, obscuring a company's results and prospects. Alibaba is growing its top and bottom lines, and it is expected to continue doing so. China's economy is on the mend, even if pundits seem almost gleeful when pointing out its pitfalls. Trade tensions between the United States and China are heightened right now, but they'll likely be curbed for one simple reason: The two countries need each other.These are bigger-picture factors working in favor of Alibaba, even if they don't seem to be helping much right now. It just takes time for investments to pay off because it takes time for the market to remember what really matters.That being said, you may not want to wait too long to step into Alibaba stock if that's your ultimate plan. As the old adage goes, \"It's always darkest before dawn.\" Given how grim things seem for the company right now, a rebound may be closer than anyone realizes.This might help: Despite the stock's lousy performance of late, analysts' consensus price target stands at $140.84. That's 76% above the stock's present price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":226459057172496,"gmtCreate":1696346991463,"gmtModify":1696346995921,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Jerome powell should be fired.&nbsp;","listText":"Jerome powell should be fired.&nbsp;","text":"Jerome powell should be fired.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/226459057172496","repostId":"1116993578","repostType":4,"repost":{"id":"1116993578","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":1696345485,"share":"https://ttm.financial/m/news/1116993578?lang=&edition=fundamental","pubTime":"2023-10-03 23:04","market":"us","language":"en","title":"Dow Falls 300 Points to Lows of Session on Interest Rate Threat","url":"https://stock-news.laohu8.com/highlight/detail?id=1116993578","media":"Tiger Newspress","summary":"Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.The 10-year Treasury yield traded at 4.735%, climbing to its highest level since Aug. 15, 2007. The bench","content":"<html><head></head><body><p>Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.</p><p style=\"text-align: start;\">The Dow Jones Industrial Average lost 364 points, or 1.1%. The S&amp;P 500 slid 1.3%, and the Nasdaq Composite dropped 1.6%.</p><p style=\"text-align: start;\">Stocks moved to their lows of the session as yields spiked further following the release of the August job openings survey, which signaled a still tight jobs market. The survey showed 9.6 million open roles in the month. Meanwhile, economists polled by Dow Jones had anticipated 8.8 million jobs.</p><p style=\"text-align: start;\">Seasoning and spice manufacturer McCormick &amp; Company led the broad market index’s losses on Tuesday, falling more than 10% after announcing its quarterly earnings. Cruise company Carnival declined by 6.3%, followed by Veralto and Kellogg down 6% and 5.5%, respectively.</p><p style=\"text-align: start;\">The 10-year Treasury yield last traded at 4.756%, reaching its highest level since Aug. 15, 2007. The benchmark yield has surged in the past month, as traders assess the possibility of tighter Federal Reserve for longer. The 30-year Treasury yield climbed to 4.891%, the highest level since Oct. 17, 2007.</p><p style=\"text-align: start;\">Investors have been fretting recently over the potential of higher rates for longer, fearing that tighter monetary policy could tip the economy into a recession. This has pushed Treasury yields to levels not seen in more than a decade.</p><p style=\"text-align: start;\">The rise in yields poses “a major headwind to equities,” according to Alex McGrath, chief investment officer at NorthEnd Private Wealth. “Unless that stays flat or starts moving backwards, it’s just going to be a major headwind to equities across the board going through the end of the year,” McGrath said.</p><p style=\"text-align: start;\">Calamos Investments portfolio specialist Joseph Cusick noted that “Higher rates don’t necessarily have to be bad for the stock market, especially if they are associated with more robust economic activity that is good for earnings prospects.”</p><p style=\"text-align: start;\">“However, higher rates become more problematic for the stock market when they become the basis for safety trades in an uncertain environment,” Cusick added.<br/><br/>Wall Street is coming off a mixed session, after lawmakers in Washington arrived at a short-term agreement over the weekend that headed off a government shutdown.</p><p style=\"text-align: start;\">Investors are hoping to turn the page on a disappointing September for stocks. All three major indexes closed the month and the third quarter lower. The S&amp;P 500 alone lost nearly 5% in September.</p><p style=\"text-align: start;\">That means key economic reports — such as last month’s payroll reports, due Friday — and the kick off of earnings reporting season next week are back in focus.</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>Dow Falls 300 Points to Lows of Session on Interest Rate Threat</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\">\nDow Falls 300 Points to Lows of Session on Interest Rate Threat\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\">2023-10-03 23:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.</p><p style=\"text-align: start;\">The Dow Jones Industrial Average lost 364 points, or 1.1%. The S&amp;P 500 slid 1.3%, and the Nasdaq Composite dropped 1.6%.</p><p style=\"text-align: start;\">Stocks moved to their lows of the session as yields spiked further following the release of the August job openings survey, which signaled a still tight jobs market. The survey showed 9.6 million open roles in the month. Meanwhile, economists polled by Dow Jones had anticipated 8.8 million jobs.</p><p style=\"text-align: start;\">Seasoning and spice manufacturer McCormick &amp; Company led the broad market index’s losses on Tuesday, falling more than 10% after announcing its quarterly earnings. Cruise company Carnival declined by 6.3%, followed by Veralto and Kellogg down 6% and 5.5%, respectively.</p><p style=\"text-align: start;\">The 10-year Treasury yield last traded at 4.756%, reaching its highest level since Aug. 15, 2007. The benchmark yield has surged in the past month, as traders assess the possibility of tighter Federal Reserve for longer. The 30-year Treasury yield climbed to 4.891%, the highest level since Oct. 17, 2007.</p><p style=\"text-align: start;\">Investors have been fretting recently over the potential of higher rates for longer, fearing that tighter monetary policy could tip the economy into a recession. This has pushed Treasury yields to levels not seen in more than a decade.</p><p style=\"text-align: start;\">The rise in yields poses “a major headwind to equities,” according to Alex McGrath, chief investment officer at NorthEnd Private Wealth. “Unless that stays flat or starts moving backwards, it’s just going to be a major headwind to equities across the board going through the end of the year,” McGrath said.</p><p style=\"text-align: start;\">Calamos Investments portfolio specialist Joseph Cusick noted that “Higher rates don’t necessarily have to be bad for the stock market, especially if they are associated with more robust economic activity that is good for earnings prospects.”</p><p style=\"text-align: start;\">“However, higher rates become more problematic for the stock market when they become the basis for safety trades in an uncertain environment,” Cusick added.<br/><br/>Wall Street is coming off a mixed session, after lawmakers in Washington arrived at a short-term agreement over the weekend that headed off a government shutdown.</p><p style=\"text-align: start;\">Investors are hoping to turn the page on a disappointing September for stocks. All three major indexes closed the month and the third quarter lower. The S&amp;P 500 alone lost nearly 5% in September.</p><p style=\"text-align: start;\">That means key economic reports — such as last month’s payroll reports, due Friday — and the kick off of earnings reporting season next week are back in focus.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116993578","content_text":"Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.The Dow Jones Industrial Average lost 364 points, or 1.1%. The S&P 500 slid 1.3%, and the Nasdaq Composite dropped 1.6%.Stocks moved to their lows of the session as yields spiked further following the release of the August job openings survey, which signaled a still tight jobs market. The survey showed 9.6 million open roles in the month. Meanwhile, economists polled by Dow Jones had anticipated 8.8 million jobs.Seasoning and spice manufacturer McCormick & Company led the broad market index’s losses on Tuesday, falling more than 10% after announcing its quarterly earnings. Cruise company Carnival declined by 6.3%, followed by Veralto and Kellogg down 6% and 5.5%, respectively.The 10-year Treasury yield last traded at 4.756%, reaching its highest level since Aug. 15, 2007. The benchmark yield has surged in the past month, as traders assess the possibility of tighter Federal Reserve for longer. The 30-year Treasury yield climbed to 4.891%, the highest level since Oct. 17, 2007.Investors have been fretting recently over the potential of higher rates for longer, fearing that tighter monetary policy could tip the economy into a recession. This has pushed Treasury yields to levels not seen in more than a decade.The rise in yields poses “a major headwind to equities,” according to Alex McGrath, chief investment officer at NorthEnd Private Wealth. “Unless that stays flat or starts moving backwards, it’s just going to be a major headwind to equities across the board going through the end of the year,” McGrath said.Calamos Investments portfolio specialist Joseph Cusick noted that “Higher rates don’t necessarily have to be bad for the stock market, especially if they are associated with more robust economic activity that is good for earnings prospects.”“However, higher rates become more problematic for the stock market when they become the basis for safety trades in an uncertain environment,” Cusick added.Wall Street is coming off a mixed session, after lawmakers in Washington arrived at a short-term agreement over the weekend that headed off a government shutdown.Investors are hoping to turn the page on a disappointing September for stocks. All three major indexes closed the month and the third quarter lower. The S&P 500 alone lost nearly 5% in September.That means key economic reports — such as last month’s payroll reports, due Friday — and the kick off of earnings reporting season next week are back in focus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":214508711878672,"gmtCreate":1693407305881,"gmtModify":1693407310371,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Good luck 😂😂😂","listText":"Good luck 😂😂😂","text":"Good luck 😂😂😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214508711878672","repostId":"2363355422","repostType":4,"repost":{"id":"2363355422","pubTimestamp":1693405371,"share":"https://ttm.financial/m/news/2363355422?lang=&edition=fundamental","pubTime":"2023-08-30 22:22","market":"us","language":"en","title":"PDD Holdings: Vastly Undervalued With A Wide Moat","url":"https://stock-news.laohu8.com/highlight/detail?id=2363355422","media":"seekingalpha","summary":"PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.PDD's merchant ecosystem is more competitive and efficient than Taob","content":"<html><head></head><body><ul><li><p>PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.</p></li><li><p>PDD&#39;s merchant ecosystem is more competitive and efficient than Taobao and T-Mall.</p></li><li><p>PDD&#39;s international e-commerce platform, Temu, is replicating the company&#39;s success in China and has shown extraordinary growth.</p></li></ul><p>Editor&#39;s note: Seeking Alpha is proud to welcome CJ Value as a new contributor. It&#39;s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more »</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6f3e659592646eaf0c92c6069ebc79b\" tg-width=\"750\" tg-height=\"500\"/></p><p>Robert Way</p><h2 id=\"id_985257093\">Thesis</h2><p><a href=\"https://laohu8.com/S/PDD\">PDD Holdings</a> has been one of the most misunderstood Chinese companies since its IPO in the U.S due to the company’s secretive culture as well as U.S investors’ lack of first-hand shopping experiences with major domestic Chinese e-commerce players. Most investors view PDD as just another Chinese e-commerce player. But in reality, PDD has a very differentiated and superior business model than JD.com (JD) and Alibaba (BABA). This differentiated business model gives PDD a structural cost advantage against JD and Alibaba. With the recent launch of Temu, PDD’s trying to replicate its success in China across the globe. In my view, the current valuation of PDD is simply too cheap for a company that can still grow at 20-30% over the next 3-5 years.</p><h3 id=\"id_3144160074\">PDD’s differentiated business model</h3><p>While PDD, JD and Alibaba are all internet retailers, their business models are completely different.</p><p>First of all, JD and Alibaba (especially the T-Mall segment) focus mostly on branded products. PDD’s focus is mostly on the so-called “white label” products, or generic brand products. Branded products such as Nike (NKE) and Estee Lauder (EL) usually invest advertising dollars outside of the e-commerce channel to build brand equity and very little advertising on e-commerce channel. Therefore, brands are less willing to pay high commission on e-commerce platforms. But for those “white label” products sellers, because they rely heavily on the e-commerce channel, they are much willing to pay higher commission on e-commerce platforms. This is why PDD has already had a higher monetization rate than Alibaba and JD.</p><p>Monetization rate comparisons:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c74247bfe5a129bcf49dd0f7ad4b9cab\" tg-width=\"640\" tg-height=\"196\"/></p><p>BABA,PDD, and JD&#39;s most recent annual reports</p><p>Secondly, PDD has a different merchant ecosystem. For Taobao and T-Mall, the threshold to open a new store is very high. A Taobao store is very much like an offline store in the sense that it takes time to accumulate customers and reputation. But once the store gets enough good ratings and returning customers, life will be very easy. In a sense, it is a closed system that protects the incumbent stores. PDD’s merchant system is almost the exact opposite. It’s very easy to open a store on the platform. A seller can operate multiple stores. PDD’s algorithm will direct traffic to the store with the lowest cost regardless of how long the store has been running. As long as the store continues to offer high-demand products at the lowest cost, PDD will continue to direct traffic to the store. Unlike a Taobao store, a PDD’s store faces intense competitive pressure every day because of PDD’s intense focus on low cost. This fundamental difference in traffic algorithm makes PDD’s sellers much more competitive than Taobao’s sellers.</p><p>Thirdly, PDD has a much more efficient operating structure than both JD and Alibaba. Alibaba has more than 230,000 employees (as of March 31, 2023), while PDD only has less than 13,000 employees (as of December 31, 2022). The average profit per employee for Alibaba is only 308,000 yuan compared to 2.4 million yuan for PDD. JD’s even worse with more than 450,000 employees (almost 35 times as many employees) but the same level of GMV as PDD. It’s astounding how much more efficient PDD is compared to both Alibaba and JD.</p><p>PDD&#39;s number of employees:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d90b8343604daf7986dd75ec5de74dce\" tg-width=\"640\" tg-height=\"189\"/></p><p>PDD&#39;s annual report (p-108)</p><p>Alibaba&#39;s number of employees:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc5cca280858e58526d006856e33cd0c\" tg-width=\"640\" tg-height=\"53\"/></p><p>Alibaba&#39;s annual report (p-167)</p><p>JD&#39;s number of employees:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c425496f49ccb244df10a8cb94b42514\" tg-width=\"640\" tg-height=\"197\"/></p><p>JD&#39;s annual report (p-148)</p><p>There are other differences in terms of business models among PDD, Alibaba and JD but the aforementioned three are the most important ones. Clearly, PDD has a structural cost advantage against its domestic competitors, and it is very likely PDD will continue to take share from both Alibaba and JD in the future.</p><h2 id=\"id_888485226\">Temu is replicating PDD’s success across the globe</h2><p>PDD launched its international e-commerce platform Temu in September of 2022. Temu’s business model is very similar to the domestic platform Pinduoduo with some differences. First of all, Temu has the discretion in terms of product pricing whereas with Pinduoduo, sellers make their own pricing. Secondly, unlike Pinduoduo, on which sellers are responsible for logistics, Temu is responsible for warehousing and shipping.</p><p>To understand Temu’s business model, all we need to do is to study Shein’s path. What Shein did, in effect, is consolidating China’s excess yet efficient manufacturing capacity and exporting low-cost products overseas. After a few years, Shein has built a world-class supply chain in Southern China. Shein has also cultivated a large group of experienced buyers who are very good at predicting overseas products demand. All Temu needs to do is to stand on Shein’s shoulders and do a better job. So far, Temu has been doing just that. It’s only been less a year since Temu’s launch and Temu has expanded to more than 30 countries. According to Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>, during Q2 of 2023, Temu made it to the top 10 globally most downloaded apps list. Temu’s growth is truly extraordinary.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9901628ec8fa46c45f7232a0e3ee4b18\" tg-width=\"640\" tg-height=\"311\"/></p><p>Google</p><p>Some investors are concerned with Temu’s potential near-term loss due to high customer acquisition cost and huge amount of subsidy. Clearly Temu’s expansion will impact PDD’s near term bottom-line but Temu is almost certainly to become profitable once the expansion phase is over.</p><h2 id=\"id_1578880418\">PDD Valuation - Extremely cheap</h2><p>PDD’s domestic business is likely to grow its GMV from 3.2 trillion yuan in 2022 to almost 6 trillion yuan in 2025, or about $820 billion based on the current exchange rate. PDD&#39;s monetization rate has risen to about 4.3%-4.5% based on my own estimate. If we assume a 4.3% monetization rate and 35% net margin (based on the recent net margin trend), PDD’s domestic business can generate revenue of 252 billion yuan, or about $35 billion, and net profit of 88 billion yuan, or $12 billion. Usually a fast growth business deserves a 25-30 times P/E multiple but considering the geopolitical discount (valuation discount to Chinese ADRs due to escalating geopolitical risks), we&#39;ll apply a 15 times P/E multiple. This will put PDD’s domestic business at a valuation of $181 billion in 2025.</p><p>With Temu, we can use Shein’s valuation as a baseline, which was $100 billion before Temu’s rise and $66 billion at the latest round. Temu has surpassed Shein recently in terms of DAUs and GMV. In three years, Temu can easily be valued at more than $100 billion. Here we&#39;ll use $100 billion as a conservative estimate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/214c544fc136bcacbedec06f1c7e2ce8\" tg-width=\"640\" tg-height=\"177\"/></p><p>Author&#39;s calculation</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70e2ffd3aac792ff31fbd7d9f90e4a9e\" tg-width=\"640\" tg-height=\"329\"/></p><p>Author&#39;s calculation</p><p>Combined, PDD is worth almost $281 billion in three years. At current price (as of August 28, 2023) of barely $104 billion, PDD Holdings looks extremely cheap.</p><h2 id=\"id_1091878999\">Risks to consider</h2><p>The biggest long-term risk to PDD&#39;s business is whether the company can stay focused and lean. So far PDD has maintained its super lean and efficient organizational structure. But almost all big tech companies including Alphabet, <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, Tencent (OTCPK:TCEHY) and Alibaba eventually become too &#34;bloated&#34; and much less efficient as they grow to tech juggernauts. As PDD grows, some day it may face the same problem.</p><p>On the competition side, PDD and Temu face increased competition from live-streaming platforms such as ByteDance&#39;s (BDNCE) Douyin and TikTok. ByteDance is a very formidable competitor both within China and outside.</p><p>Furthermore, both Alibaba and JD have taken efforts to address the competitive threat from PDD. Alibaba has replaced CEO Daniel Zhang with Alibaba&#39;s co-founder and Jack&#39;s Ma right-hand man Joseph Tsai. With the return of Tsai, Alibaba is likely to take dramatic steps in the future to improve the performance of Alibaba&#39;s domestic e-commerce business. Similarly, JD&#39;s founder Richard Liu has also taken on a more active role. It&#39;s almost certain competition will pick up in China in the next few years.</p><h2 id=\"id_2472993560\">Summary</h2><p>To sum up, PDD is a unique e-commerce platform with a differentiated and superior business model. Temu is rapidly replicating PDD&#39;s domestic business overseas. PDD will likely to continue to grow at 20-30% annually in the next 3-5 years. While the stock is extremely volatile, I believe it is too cheap at the moment.</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>PDD Holdings: Vastly Undervalued With A Wide Moat</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\">\nPDD Holdings: Vastly Undervalued With A Wide Moat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-30 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4631929-pdd-holdings-vastly-undervalued-with-wide-moat><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.PDD's merchant ecosystem is more competitive and efficient than ...</p>\n\n<a href=\"https://seekingalpha.com/article/4631929-pdd-holdings-vastly-undervalued-with-wide-moat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","BABA":"阿里巴巴","JD":"京东"},"source_url":"https://seekingalpha.com/article/4631929-pdd-holdings-vastly-undervalued-with-wide-moat","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2363355422","content_text":"PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.PDD's merchant ecosystem is more competitive and efficient than Taobao and T-Mall.PDD's international e-commerce platform, Temu, is replicating the company's success in China and has shown extraordinary growth.Editor's note: Seeking Alpha is proud to welcome CJ Value as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more »Robert WayThesisPDD Holdings has been one of the most misunderstood Chinese companies since its IPO in the U.S due to the company’s secretive culture as well as U.S investors’ lack of first-hand shopping experiences with major domestic Chinese e-commerce players. Most investors view PDD as just another Chinese e-commerce player. But in reality, PDD has a very differentiated and superior business model than JD.com (JD) and Alibaba (BABA). This differentiated business model gives PDD a structural cost advantage against JD and Alibaba. With the recent launch of Temu, PDD’s trying to replicate its success in China across the globe. In my view, the current valuation of PDD is simply too cheap for a company that can still grow at 20-30% over the next 3-5 years.PDD’s differentiated business modelWhile PDD, JD and Alibaba are all internet retailers, their business models are completely different.First of all, JD and Alibaba (especially the T-Mall segment) focus mostly on branded products. PDD’s focus is mostly on the so-called “white label” products, or generic brand products. Branded products such as Nike (NKE) and Estee Lauder (EL) usually invest advertising dollars outside of the e-commerce channel to build brand equity and very little advertising on e-commerce channel. Therefore, brands are less willing to pay high commission on e-commerce platforms. But for those “white label” products sellers, because they rely heavily on the e-commerce channel, they are much willing to pay higher commission on e-commerce platforms. This is why PDD has already had a higher monetization rate than Alibaba and JD.Monetization rate comparisons:BABA,PDD, and JD's most recent annual reportsSecondly, PDD has a different merchant ecosystem. For Taobao and T-Mall, the threshold to open a new store is very high. A Taobao store is very much like an offline store in the sense that it takes time to accumulate customers and reputation. But once the store gets enough good ratings and returning customers, life will be very easy. In a sense, it is a closed system that protects the incumbent stores. PDD’s merchant system is almost the exact opposite. It’s very easy to open a store on the platform. A seller can operate multiple stores. PDD’s algorithm will direct traffic to the store with the lowest cost regardless of how long the store has been running. As long as the store continues to offer high-demand products at the lowest cost, PDD will continue to direct traffic to the store. Unlike a Taobao store, a PDD’s store faces intense competitive pressure every day because of PDD’s intense focus on low cost. This fundamental difference in traffic algorithm makes PDD’s sellers much more competitive than Taobao’s sellers.Thirdly, PDD has a much more efficient operating structure than both JD and Alibaba. Alibaba has more than 230,000 employees (as of March 31, 2023), while PDD only has less than 13,000 employees (as of December 31, 2022). The average profit per employee for Alibaba is only 308,000 yuan compared to 2.4 million yuan for PDD. JD’s even worse with more than 450,000 employees (almost 35 times as many employees) but the same level of GMV as PDD. It’s astounding how much more efficient PDD is compared to both Alibaba and JD.PDD's number of employees:PDD's annual report (p-108)Alibaba's number of employees:Alibaba's annual report (p-167)JD's number of employees:JD's annual report (p-148)There are other differences in terms of business models among PDD, Alibaba and JD but the aforementioned three are the most important ones. Clearly, PDD has a structural cost advantage against its domestic competitors, and it is very likely PDD will continue to take share from both Alibaba and JD in the future.Temu is replicating PDD’s success across the globePDD launched its international e-commerce platform Temu in September of 2022. Temu’s business model is very similar to the domestic platform Pinduoduo with some differences. First of all, Temu has the discretion in terms of product pricing whereas with Pinduoduo, sellers make their own pricing. Secondly, unlike Pinduoduo, on which sellers are responsible for logistics, Temu is responsible for warehousing and shipping.To understand Temu’s business model, all we need to do is to study Shein’s path. What Shein did, in effect, is consolidating China’s excess yet efficient manufacturing capacity and exporting low-cost products overseas. After a few years, Shein has built a world-class supply chain in Southern China. Shein has also cultivated a large group of experienced buyers who are very good at predicting overseas products demand. All Temu needs to do is to stand on Shein’s shoulders and do a better job. So far, Temu has been doing just that. It’s only been less a year since Temu’s launch and Temu has expanded to more than 30 countries. According to Sensor Tower, during Q2 of 2023, Temu made it to the top 10 globally most downloaded apps list. Temu’s growth is truly extraordinary.GoogleSome investors are concerned with Temu’s potential near-term loss due to high customer acquisition cost and huge amount of subsidy. Clearly Temu’s expansion will impact PDD’s near term bottom-line but Temu is almost certainly to become profitable once the expansion phase is over.PDD Valuation - Extremely cheapPDD’s domestic business is likely to grow its GMV from 3.2 trillion yuan in 2022 to almost 6 trillion yuan in 2025, or about $820 billion based on the current exchange rate. PDD's monetization rate has risen to about 4.3%-4.5% based on my own estimate. If we assume a 4.3% monetization rate and 35% net margin (based on the recent net margin trend), PDD’s domestic business can generate revenue of 252 billion yuan, or about $35 billion, and net profit of 88 billion yuan, or $12 billion. Usually a fast growth business deserves a 25-30 times P/E multiple but considering the geopolitical discount (valuation discount to Chinese ADRs due to escalating geopolitical risks), we'll apply a 15 times P/E multiple. This will put PDD’s domestic business at a valuation of $181 billion in 2025.With Temu, we can use Shein’s valuation as a baseline, which was $100 billion before Temu’s rise and $66 billion at the latest round. Temu has surpassed Shein recently in terms of DAUs and GMV. In three years, Temu can easily be valued at more than $100 billion. Here we'll use $100 billion as a conservative estimate.Author's calculationAuthor's calculationCombined, PDD is worth almost $281 billion in three years. At current price (as of August 28, 2023) of barely $104 billion, PDD Holdings looks extremely cheap.Risks to considerThe biggest long-term risk to PDD's business is whether the company can stay focused and lean. So far PDD has maintained its super lean and efficient organizational structure. But almost all big tech companies including Alphabet, Meta Platforms, Tencent (OTCPK:TCEHY) and Alibaba eventually become too \"bloated\" and much less efficient as they grow to tech juggernauts. As PDD grows, some day it may face the same problem.On the competition side, PDD and Temu face increased competition from live-streaming platforms such as ByteDance's (BDNCE) Douyin and TikTok. ByteDance is a very formidable competitor both within China and outside.Furthermore, both Alibaba and JD have taken efforts to address the competitive threat from PDD. Alibaba has replaced CEO Daniel Zhang with Alibaba's co-founder and Jack's Ma right-hand man Joseph Tsai. With the return of Tsai, Alibaba is likely to take dramatic steps in the future to improve the performance of Alibaba's domestic e-commerce business. Similarly, JD's founder Richard Liu has also taken on a more active role. It's almost certain competition will pick up in China in the next few years.SummaryTo sum up, PDD is a unique e-commerce platform with a differentiated and superior business model. Temu is rapidly replicating PDD's domestic business overseas. PDD will likely to continue to grow at 20-30% annually in the next 3-5 years. While the stock is extremely volatile, I believe it is too cheap at the moment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":212646530035872,"gmtCreate":1692955595227,"gmtModify":1692955599947,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Should be happy its still being valued lol","listText":"Should be happy its still being valued lol","text":"Should be happy its still being valued lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/212646530035872","repostId":"2361961387","repostType":4,"repost":{"id":"2361961387","pubTimestamp":1692949829,"share":"https://ttm.financial/m/news/2361961387?lang=&edition=fundamental","pubTime":"2023-08-25 15:50","market":"us","language":"en","title":"Alibaba: Despite Positive Results, Still Undervalued","url":"https://stock-news.laohu8.com/highlight/detail?id=2361961387","media":"Seekingalpha","summary":"Alibaba is seen as a good mid-term investment opportunity due to its diversified business, strong balance sheet, and restructuring plans to spin out separate business segments.Spinning out three busin","content":"<html><head></head><body><ul><li><p>Alibaba is seen as a good mid-term investment opportunity due to its diversified business, strong balance sheet, and restructuring plans to spin out separate business segments.</p></li><li><p>Spinning out three business units, including Cainiao, Alibaba Cloud, and Freshippo could unlock major value for Alibaba and make it easier for the market to value them.</p></li><li><p>The market is under-appreciating Alibaba&#39;s assets, but a sum of the parts valuation suggests a potential value per share of $151, 71% above the current market price.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86d614acac15e6cc0793323f0deddfe1\" alt=\"Andrew Burton\" title=\"Andrew Burton\" tg-width=\"750\" tg-height=\"500\"/><span>Andrew Burton</span></p><h2 id=\"id_2964161991\">Introduction</h2><p>I see <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> as a good mid-term opportunity. The company has a diversified business with a strong balance sheet and buy-back program in place. Alibaba is in the process of restructuring with the aim to spin out at least three businesses and unlock their value as separate business segments. With a current market value of $234bil. In US dollars and an enterprise value of $157 billion, I see the company is undervalued either based on a cash flow generation basis or on the sum of the parts basis. Even though Alibaba is not completely immune to macroeconomic shocks, it has the ability to strengthen its market position and positively benefit from the current negative environment. Investors patient enough to stick with this thesis should benefit along with the company.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53ccaff6f7c50bd56d4c69649efb03a5\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"448\"/><span>Bloomberg</span></p><h2 id=\"id_2859886956\">Unlocking The Value Through Spinning Out Businesses</h2><p>Alibaba is in the process of spinning out three business units in the short term and possibly three other units in the longer term. A listing of logistics company Cainiao, cloud unit Alibaba Cloud, and grocery retail chain Freshippo, could unlock major value, which is currently ignored by the market. I see this as a smart strategy because once the business units are listed as separate companies, it will be easier for the market to value them. Additionally, the company has initiated to find an external financing for Alibaba International Commerce segment, consisting of Lazada, Trendyol, and AliExpress. These businesses are at the early stage of growth, which is always capital intensive. New partners either in the form or debt financing or equity investing would save Alibaba a lot of capital, which could be reinvested into Alibaba&#39;s main e-commerce business back at China or returned back to shareholders in the form of special dividend or possibly buy-backs. From all the business units going public, Alibaba Cloud will attract the most attention. It is the fourth-largest cloud provider in the world, with a 6% global market share. If similar multiples apply for Alibaba Cloud as for its Chinese competitors, Alibaba Cloud could be worth somewhere around 46 billion US dollars. That is more than 20% of total Alibaba&#39;s market cap.</p><h2 id=\"id_1013181005\">Sum Of The Parts Valuation</h2><p>There are several reasons why the market is under-appreciating Alibaba&#39;s assets. The first reason has to do with the market applying China&#39;s macro discount. However, Alibaba has been able to deliver solid results in 1Q FY24 with revenues growing 14% year over year, despite the negative macro environment persisting. Secondly, investors usually don&#39;t like big holding structures. That&#39;s why they often value the whole company lower than it would be valued as a set of unique businesses. Regardless of the negatives just mentioned, I believe that in the mid-term, fundamentals eventually prevail. To correctly value Alibaba, investors could either use Discounted Cash Flow analysis or Sum of The Parts valuation. In this case, I believe that Sum of The Parts valuation is a more suitable valuation tool because it better reflects the value of separate business lines. To set up a proper peer group for each business, it is important to not only choose companies from the same industry but also take into account similar growth and risk characteristics of peer group companies. That&#39;s why I think that the multiple EV/Sales for PDD Holdings (PDD) much better represents the value of Taboa and Tmall units, than for example, Vipshop Holdings (VIPS) or JD.com (JD), both suffering from anemic growth forecasts.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e64a2fe51e944d45cfbe6d5e44772f53\" alt=\"Annual reports, own work\" title=\"Annual reports, own work\" tg-width=\"640\" tg-height=\"316\"/><span>Annual reports, own work</span></p><p>Based on the multiples of peer group companies, I forecasted possible multiples for every segment adjusted for estimated growth. Category Other revenues are the mix of retail businesses and AI/Cloud businesses. For this category, I used the multiple of 1.3x EV/Sales which should be conservative enough for the businesses it contains. The sum of all business segments is the total Enterprise Value of Alibaba. Enterprise Value, or the value of operating assets was subsequently adjusted for net cash, the value of employee options, and a 33% equity stake in Ant Group. Final implied value per share resulting from this calculation was at $151, 71% above the current market price. Current market price should leave a sufficient margin of safety for investors willing to act on the valuation today.</p><h2 id=\"id_1028510157\">Summary</h2><p>Alibaba seems fundamentally undervalued, and spinning out some of its businesses could unlock substantial value for investors. For investors, IPO&#39;s of Alibaba Could, Freshippo, and Cainiao Logistics will serve as a litmus paper for better understanding the value of the whole company. Alibaba has a strong balance sheet, a buyback program in place, and has a leading position in several businesses it operates. For investors with a globally diversified portfolio, Alibaba could be an interesting opportunity at this price.</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>Alibaba: Despite Positive Results, Still Undervalued</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\">\nAlibaba: Despite Positive Results, Still Undervalued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-25 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4630844-alibaba-despite-positive-results-still-undervalued><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba is seen as a good mid-term investment opportunity due to its diversified business, strong balance sheet, and restructuring plans to spin out separate business segments.Spinning out three ...</p>\n\n<a href=\"https://seekingalpha.com/article/4630844-alibaba-despite-positive-results-still-undervalued\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4630844-alibaba-despite-positive-results-still-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2361961387","content_text":"Alibaba is seen as a good mid-term investment opportunity due to its diversified business, strong balance sheet, and restructuring plans to spin out separate business segments.Spinning out three business units, including Cainiao, Alibaba Cloud, and Freshippo could unlock major value for Alibaba and make it easier for the market to value them.The market is under-appreciating Alibaba's assets, but a sum of the parts valuation suggests a potential value per share of $151, 71% above the current market price.Andrew BurtonIntroductionI see Alibaba as a good mid-term opportunity. The company has a diversified business with a strong balance sheet and buy-back program in place. Alibaba is in the process of restructuring with the aim to spin out at least three businesses and unlock their value as separate business segments. With a current market value of $234bil. In US dollars and an enterprise value of $157 billion, I see the company is undervalued either based on a cash flow generation basis or on the sum of the parts basis. Even though Alibaba is not completely immune to macroeconomic shocks, it has the ability to strengthen its market position and positively benefit from the current negative environment. Investors patient enough to stick with this thesis should benefit along with the company.BloombergUnlocking The Value Through Spinning Out BusinessesAlibaba is in the process of spinning out three business units in the short term and possibly three other units in the longer term. A listing of logistics company Cainiao, cloud unit Alibaba Cloud, and grocery retail chain Freshippo, could unlock major value, which is currently ignored by the market. I see this as a smart strategy because once the business units are listed as separate companies, it will be easier for the market to value them. Additionally, the company has initiated to find an external financing for Alibaba International Commerce segment, consisting of Lazada, Trendyol, and AliExpress. These businesses are at the early stage of growth, which is always capital intensive. New partners either in the form or debt financing or equity investing would save Alibaba a lot of capital, which could be reinvested into Alibaba's main e-commerce business back at China or returned back to shareholders in the form of special dividend or possibly buy-backs. From all the business units going public, Alibaba Cloud will attract the most attention. It is the fourth-largest cloud provider in the world, with a 6% global market share. If similar multiples apply for Alibaba Cloud as for its Chinese competitors, Alibaba Cloud could be worth somewhere around 46 billion US dollars. That is more than 20% of total Alibaba's market cap.Sum Of The Parts ValuationThere are several reasons why the market is under-appreciating Alibaba's assets. The first reason has to do with the market applying China's macro discount. However, Alibaba has been able to deliver solid results in 1Q FY24 with revenues growing 14% year over year, despite the negative macro environment persisting. Secondly, investors usually don't like big holding structures. That's why they often value the whole company lower than it would be valued as a set of unique businesses. Regardless of the negatives just mentioned, I believe that in the mid-term, fundamentals eventually prevail. To correctly value Alibaba, investors could either use Discounted Cash Flow analysis or Sum of The Parts valuation. In this case, I believe that Sum of The Parts valuation is a more suitable valuation tool because it better reflects the value of separate business lines. To set up a proper peer group for each business, it is important to not only choose companies from the same industry but also take into account similar growth and risk characteristics of peer group companies. That's why I think that the multiple EV/Sales for PDD Holdings (PDD) much better represents the value of Taboa and Tmall units, than for example, Vipshop Holdings (VIPS) or JD.com (JD), both suffering from anemic growth forecasts.Annual reports, own workBased on the multiples of peer group companies, I forecasted possible multiples for every segment adjusted for estimated growth. Category Other revenues are the mix of retail businesses and AI/Cloud businesses. For this category, I used the multiple of 1.3x EV/Sales which should be conservative enough for the businesses it contains. The sum of all business segments is the total Enterprise Value of Alibaba. Enterprise Value, or the value of operating assets was subsequently adjusted for net cash, the value of employee options, and a 33% equity stake in Ant Group. Final implied value per share resulting from this calculation was at $151, 71% above the current market price. Current market price should leave a sufficient margin of safety for investors willing to act on the valuation today.SummaryAlibaba seems fundamentally undervalued, and spinning out some of its businesses could unlock substantial value for investors. For investors, IPO's of Alibaba Could, Freshippo, and Cainiao Logistics will serve as a litmus paper for better understanding the value of the whole company. Alibaba has a strong balance sheet, a buyback program in place, and has a leading position in several businesses it operates. For investors with a globally diversified portfolio, Alibaba could be an interesting opportunity at this price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209517799202976,"gmtCreate":1692191641668,"gmtModify":1692191646435,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Never. China stocks is not investable","listText":"Never. China stocks is not investable","text":"Never. China stocks is not investable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209517799202976","repostId":"2359173728","repostType":4,"repost":{"id":"2359173728","pubTimestamp":1692172800,"share":"https://ttm.financial/m/news/2359173728?lang=&edition=fundamental","pubTime":"2023-08-16 16:00","market":"us","language":"en","title":"Alibaba Q2: If You Are Not Buying Now, When Will You?","url":"https://stock-news.laohu8.com/highlight/detail?id=2359173728","media":"Seeking Alpha","summary":"Robert Way Alibaba Group Holding Limited (NYSE:BABA) has had a hard time ever since the failed IPO of the Ant Group in November 2020. Following the long-standing Covid-19 restrictions, the world's sec","content":"<html><head></head><body><h2 id=\"id_957459716\" style=\"text-align: left;\">Summary</h2><ul><li><p>Alibaba Group Holding Limited had a superb second quarter, surpassing expectations and showing re-accelerated sales growth and free cash flow generation.</p></li><li><p>BABA stock is by far the cheapest in its peer group and trades at a free cash flow yield of 12%.</p></li><li><p>The company&#39;s balance sheet is a fortress, with 31% of the market cap in cash and short-term investments larger than that of Amazon.</p></li><li><p>Free cash flow is silently moving closer to a new all-time high, while the stock price is back at prices of 6 years ago.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f805543ab3786cb8cb1d7d9034e0368\" alt=\"Robert Way\" title=\"Robert Way\" tg-width=\"750\" tg-height=\"500\"/><span>Robert Way</span></p><p><strong>Alibaba Group Holding Limited</strong> (NYSE:BABA) has had a hard time ever since the failed IPO of the Ant Group in November 2020. Following the long-standing Covid-19 restrictions, the world&#39;s second largest economy, China, slowed down temporarily. However, Alibaba showed re-acceleration of sales growth in the second quarter, signaling a rebound in consumer spending. The stock price is yet to recover, while free cash flow is closing in on a new all-time high. As a result, extreme undervaluation is present in one of China&#39;s wide moat businesses.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1eb1bbeb88b91bf4e2b55dfddd7e094\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><h2 id=\"id_3070070381\">Business Overview</h2><p>Alibaba is a multinational conglomerate based in China and one of the world&#39;s largest e-commerce and technology companies. Founded in 1999 by Jack Ma, Alibaba has rapidly grown into a wide moat business with various segments, making it a prominent player in the global digital economy. Here&#39;s an overview of Alibaba&#39;s key businesses and operations:</p><ol><li><p><strong>China Commerce</strong>:</p></li></ol><ul><li><p><strong>Taobao</strong>: Taobao is a consumer-to-consumer (C2C) online marketplace, akin to <a href=\"https://laohu8.com/S/EBAY\">eBay</a>. It allows individual sellers and small businesses to set up online shops and sell a wide range of products directly to consumers. Taobao&#39;s user-friendly interface and extensive product variety have made it immensely popular in China.</p></li><li><p><strong>Tmall</strong>: Tmall is a business-to-consumer (B2C) platform that hosts official storefronts for well-known brands and retailers. It ensures product authenticity and quality, which has helped build consumer trust. Tmall&#39;s setup is more structured and regulated compared to Taobao, making it a preferred choice for established brands looking to tap into the Chinese market.</p></li><li><p><strong>阿里1688</strong>: 1688&#39;s platform serves the Chinese domestic market and is focused on wholesale transactions.</p></li></ul><p>2.<strong> International Commerce:</strong></p><ul><li><p><strong>Alibaba.com</strong> serves as a global platform connecting businesses from around the world. Alibaba.com facilitates business-to-business (B2B) trade by connecting manufacturers, wholesalers, and suppliers with buyers internationally. The platform streamlines international trade by providing tools for communication, negotiation, and secure transactions.</p></li><li><p><strong>AliExpress</strong>: AliExpress is one of Alibaba&#39;s primary platforms for international commerce. AliExpress connects Chinese sellers with buyers from around the world, offering a wide range of products at competitive prices. Similar to Taobao, AliExpress primarily serves individual consumers and small businesses</p></li><li><p><strong>Lazada</strong>: Lazada is another e-commerce business with the largest part of customers in Southeast Asia.</p></li></ul><p>3. <strong>Local Consumer Services:</strong></p><ul><li><p><strong>Ele.me</strong>: Ele.me is Alibaba&#39;s online delivery platform, connecting users with food and beverages, groceries, flowers and pharmaceutical products. Ele.me focuses on efficient last-mile delivery to ensure that orders reach customers quickly and fresh.</p></li><li><p><strong>AMAP</strong>: AMAP provides a range of location-based services, including digital maps, navigation, real-time traffic information, location-based search, and location-based advertising. AMAP&#39;s data and services can be integrated into other Alibaba services such as e-commerce platforms, ride-hailing apps,...</p></li></ul><p>4.<strong> Logistics and Supply Chain</strong>:</p><ul><li><p><strong>Cainiao Network</strong>: Alibaba&#39;s logistics affiliate focuses on improving supply chain efficiency and providing advanced logistics solutions to support the company&#39;s e-commerce operations.</p></li></ul><p>5. <strong>Cloud Computing</strong>:</p><ul><li><p><strong>Alibaba Cloud</strong>: Alibaba&#39;s cloud computing arm offers a comprehensive suite of cloud services, including computing power, storage, databases, analytics, and AI capabilities. It&#39;s a major player in the global cloud services market, competing with companies like Amazon Web Services (AWS) and Microsoft Azure.</p></li></ul><p>6.<strong> Digital Media and Entertainment</strong>:</p><ul><li><p><strong>Alibaba Pictures</strong>: This segment focuses on film production, distribution, and entertainment-related investments.</p></li><li><p><strong>Youku Tudou</strong>: A prominent online video platform in China, often referred to as the &#34;YouTube of China.&#34; Alibaba acquired Youku Tudou to expand its digital media offerings.</p></li></ul><p>7.<strong> Digital Finance and Payments</strong>:</p><ul><li><p><strong>Alipay</strong>: Initially launched as an online payment platform for Alibaba&#39;s e-commerce sites, Alipay has evolved into a comprehensive digital financial services platform. It offers services like mobile payments, money transfers, investment options, and credit services.</p></li><li><p><strong>Ant Group</strong>: Ant Group, which is for 33% owned by Alibaba, operates Alipay and provides a wide range of financial services, including wealth management, insurance, and lending.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cb38f9aa68c1dc03427d8961c351fe6\" alt=\"Alibaba Annual Report\" title=\"Alibaba Annual Report\" tg-width=\"640\" tg-height=\"417\"/><span>Alibaba Annual Report</span></p><p>The first 6 business segments are soon to be split into 6 companies and will IPO separately, where each company will be run by its own CEO and board of directors. The size of Alibaba has increase a lot of over the last years and to let each segment run on full performance more agility is needed in the business.</p><h2 id=\"id_2495973310\">Superb Second Quarter</h2><p>Analysts were skeptical about the results of Alibaba and got blown away by a large double beat. The company increased revenue by 14% year-over-year to $32.29 billion, which beat estimates by $1.08 billion. Earnings per share came in at $2.40 (up 48% year-over-over), compared to the estimates of $2.01.</p><p>Alibaba saw re-accelerating growth in all of their segments. The Chinese market recovered from a 3% year-over-year decline to a 12% increase year-over-year. Noteworthy, international commerce grew 41% compared to 29% in the previous quarter. The cloud business also changed growth direction from a 2% decline in sales to 4% sales growth in Q2.</p><p>The cloud business growth slowed down a lot, but the CEO Daniel Zhang mentioned this in the latest earnings call:</p><blockquote>I think if you look at the cloud landscape in China, I think the total cloud infra as a percentage of the IT infra still in a lower -- actually, in a relatively low percentage as compared to the U.S. peers. So we still -- we see still the huge potential first in this cloud infra penetration. Secondly, I think with this AI revolution, I think that this brings incremental opportunities, and because today, all the companies want to use our AI capabilities to upgrade their services and in their own application. So -- but they need a high computing -- high-performance computing power to support this operation, not only in today&#39;s training, but also in the influence services to be provided. So I think these two are, we believe, the primary growth engine for the long term.</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4800da6a1b15bd467c0f832d6fcc35\" alt=\"23Q2 Investor Presentation\" title=\"23Q2 Investor Presentation\" tg-width=\"640\" tg-height=\"250\"/><span>23Q2 Investor Presentation</span></p><p>Although I am not a big fan of EBITDA or EBITA (also called earnings before everything), this is the only way to compare the profitability of the different segments provided by Alibaba. Alibaba&#39;s profitability is improving across the board with the Logistics and Digital Media business as two new contributors to positive EBITA. Furthermore, the Cloud business grew EBITA 106% year-over-year and the International Commerce is finally closer to becoming a profitable business.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3a6e4bfa02f6f72acb91f3ad20c13a6\" alt=\"23Q2 Investor Presentation\" title=\"23Q2 Investor Presentation\" tg-width=\"640\" tg-height=\"242\"/><span>23Q2 Investor Presentation</span></p><p>The most outstanding news in the earnings report was the comeback of free cash flow growth. Partly boosted by lower CAPEX, the free cash flow increased 76% year-over-year, nearing the all-time high of free cash flow in 2021. The company remained focused on returning value to shareholders through $3 billion in share buybacks.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6db5c7fe38957ca068d196f4da28f44c\" alt=\"23Q2 Investor Presentation\" title=\"23Q2 Investor Presentation\" tg-width=\"640\" tg-height=\"201\"/><span>23Q2 Investor Presentation</span></p><h2 id=\"id_1783532176\">Valuation</h2><p>I have chosen three other prominent players in the e-commerce business worldwide, that are similar to Alibaba, to compare various valuation metrics. The first metric covers the price-to-sales ratio. JD.com (JD) is easily beating their peers, followed by Alibaba at 1.9x price-to-sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1d4faeb4c3d80d6b1552a27568c05ad\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>Further, when we move on to my favorite metric the free cash flow yield, we can see who has the strongest profitability and efficiencies. Alibaba is above and beyond the others with a free cash flow yield of 12%. The next peer is <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI), whose free cash flow yield is standing at a solid 6%. The worst performer by far is Amazon (AMZN), with a free cash flow yield of 0.2%.</p><p>When I was writing my article around <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (META) in November 2022, the free cash flow yield was at 8.5%. This was really exceptional for a business of that caliber. Since my article, Meta is up 170%, so who knows what will happen to Alibaba.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/671c3bd0ed9af7374bc8799e00766ef3\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>In addition, Alibaba is even more undervalued compared to the peers based on EV-to-free cash flow. EV stands for enterprise value and this takes into account the market cap combined with total debt minus cash and cash equivalents.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4489c04d21639a2aeae784d76943b1fd\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>Despite, JD&#39;s large number of sales compared to their market cap, it is underperforming in profitability by quite a margin. Alibaba is once again the leader with profit margins of 9%, followed by 6% for MercadoLibre.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/faade79d9ade5b61198980476e4f02d6\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><h2 id=\"id_2574390991\">Balance Sheet</h2><p>Although Amazon has 5.8x times the market cap of Alibaba, Alibaba&#39;s cash and short term investments top those of the e-commerce king Amazon. Alibaba&#39;s cash and short-term investments were $75 billion in the latest earnings report and accounted for 31% of the current market cap. This liquidity can further enhance investments in business opportunities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef8f21fdf29382ba230d26601e48b3f3\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>Alibaba&#39;s current ratio is almost reaching 2x and the total liabilities ($86 billion) are even lower than the current assets ($100 billion), showcasing the fortress balance sheet the company has amassed.</p><p>The balance sheet makes it possible to buy back shares of their own company at the discounted value it is trading at. During the fiscal year 2023, Alibaba repurchased almost $11 billion or 4.5% of shares outstanding. After the second quarter, the company has $16.3 billion remaining under the current share buyback program, or 6.6% of shares outstanding.</p><h2 id=\"id_3899631669\">Risks</h2><p>However, investors need to keep in mind that Alibaba has been identified by the SEC under the Holding Foreign Companies Accountable Act. This means the company will be delisted by 2024, if they do not show the right auditing under the rules of the United States.</p><p>In the annual report of Alibaba, you can find the following positive statement:</p><blockquote>Following that, on December 15, 2022, the PCAOB announced that it was able to secure complete access to inspect and investigate PCAOB-registered public accounting firms headquartered in Chinese mainland and Hong Kong in 2022. The PCAOB vacated its previous 2021 determinations that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in Chinese mainland and Hong Kong. For this reason, we do not expect to be identified as a Commission Identified Issuer following the filing of this annual report.</blockquote><p>The dual listing in Hong Kong lowers the risk of losing money must a delisting ever were to happen. Your shares could be converted into Hong Kong listed shares or you can re-buy your shares at the Hong Kong exchange yourself for a similar price, because the dual listing trades around the same price on the New York and Hong Kong exchange.</p><h2 id=\"id_3530803526\">Takeaway</h2><p>Few understand that the COVID-19 era has only recently ended in China, but more and more signs come in that China is ready to bounce back. The drop in Alibaba&#39;s share price was not completely risk driven and also partly justified in the drop of profitability and free cash flow after the incredible years of 2020 and 2021. The free cash flow generation is back on trend and is likely to go higher. Investors are known to exaggerate risks in a downtrend and Alibaba is no exception at all. Once the price recovers, supported by business performance and share buybacks, the risks we heard so loudly in 2021 and 2022 will play on the background.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b2226ea270a689d4aaa6bb2f4d5714a\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><p>I rate Alibaba Group Holding Limited stock a &#34;Strong Buy&#34; around $100 a share. The company is fundamentally exceptional and undervalued compared to the closest peers. The management is shareholder friendly with strong support of share repurchases. Furthermore, Alibaba&#39;s restructuring is likely to lead to more focus, efficiencies and profitability in all the different segments. China is easing up regulatory moves on businesses, has cut interest rates and is expected to boost the economy with another stimulus. Positive momentum is building up, which seems to me like a great opportunity to start a position in one of China&#39;s best businesses out there.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</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>Alibaba Q2: If You Are Not Buying Now, When Will You?</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\">\nAlibaba Q2: If You Are Not Buying Now, When Will You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-16 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4628155-alibaba-q2-if-you-are-not-buying-now-when-will-you><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba Group Holding Limited had a superb second quarter, surpassing expectations and showing re-accelerated sales growth and free cash flow generation.BABA stock is by far the cheapest in its...</p>\n\n<a href=\"https://seekingalpha.com/article/4628155-alibaba-q2-if-you-are-not-buying-now-when-will-you\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4628155-alibaba-q2-if-you-are-not-buying-now-when-will-you","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2359173728","content_text":"SummaryAlibaba Group Holding Limited had a superb second quarter, surpassing expectations and showing re-accelerated sales growth and free cash flow generation.BABA stock is by far the cheapest in its peer group and trades at a free cash flow yield of 12%.The company's balance sheet is a fortress, with 31% of the market cap in cash and short-term investments larger than that of Amazon.Free cash flow is silently moving closer to a new all-time high, while the stock price is back at prices of 6 years ago.Robert WayAlibaba Group Holding Limited (NYSE:BABA) has had a hard time ever since the failed IPO of the Ant Group in November 2020. Following the long-standing Covid-19 restrictions, the world's second largest economy, China, slowed down temporarily. However, Alibaba showed re-acceleration of sales growth in the second quarter, signaling a rebound in consumer spending. The stock price is yet to recover, while free cash flow is closing in on a new all-time high. As a result, extreme undervaluation is present in one of China's wide moat businesses.Data by YChartsBusiness OverviewAlibaba is a multinational conglomerate based in China and one of the world's largest e-commerce and technology companies. Founded in 1999 by Jack Ma, Alibaba has rapidly grown into a wide moat business with various segments, making it a prominent player in the global digital economy. Here's an overview of Alibaba's key businesses and operations:China Commerce:Taobao: Taobao is a consumer-to-consumer (C2C) online marketplace, akin to eBay. It allows individual sellers and small businesses to set up online shops and sell a wide range of products directly to consumers. Taobao's user-friendly interface and extensive product variety have made it immensely popular in China.Tmall: Tmall is a business-to-consumer (B2C) platform that hosts official storefronts for well-known brands and retailers. It ensures product authenticity and quality, which has helped build consumer trust. Tmall's setup is more structured and regulated compared to Taobao, making it a preferred choice for established brands looking to tap into the Chinese market.阿里1688: 1688's platform serves the Chinese domestic market and is focused on wholesale transactions.2. International Commerce:Alibaba.com serves as a global platform connecting businesses from around the world. Alibaba.com facilitates business-to-business (B2B) trade by connecting manufacturers, wholesalers, and suppliers with buyers internationally. The platform streamlines international trade by providing tools for communication, negotiation, and secure transactions.AliExpress: AliExpress is one of Alibaba's primary platforms for international commerce. AliExpress connects Chinese sellers with buyers from around the world, offering a wide range of products at competitive prices. Similar to Taobao, AliExpress primarily serves individual consumers and small businessesLazada: Lazada is another e-commerce business with the largest part of customers in Southeast Asia.3. Local Consumer Services:Ele.me: Ele.me is Alibaba's online delivery platform, connecting users with food and beverages, groceries, flowers and pharmaceutical products. Ele.me focuses on efficient last-mile delivery to ensure that orders reach customers quickly and fresh.AMAP: AMAP provides a range of location-based services, including digital maps, navigation, real-time traffic information, location-based search, and location-based advertising. AMAP's data and services can be integrated into other Alibaba services such as e-commerce platforms, ride-hailing apps,...4. Logistics and Supply Chain:Cainiao Network: Alibaba's logistics affiliate focuses on improving supply chain efficiency and providing advanced logistics solutions to support the company's e-commerce operations.5. Cloud Computing:Alibaba Cloud: Alibaba's cloud computing arm offers a comprehensive suite of cloud services, including computing power, storage, databases, analytics, and AI capabilities. It's a major player in the global cloud services market, competing with companies like Amazon Web Services (AWS) and Microsoft Azure.6. Digital Media and Entertainment:Alibaba Pictures: This segment focuses on film production, distribution, and entertainment-related investments.Youku Tudou: A prominent online video platform in China, often referred to as the \"YouTube of China.\" Alibaba acquired Youku Tudou to expand its digital media offerings.7. Digital Finance and Payments:Alipay: Initially launched as an online payment platform for Alibaba's e-commerce sites, Alipay has evolved into a comprehensive digital financial services platform. It offers services like mobile payments, money transfers, investment options, and credit services.Ant Group: Ant Group, which is for 33% owned by Alibaba, operates Alipay and provides a wide range of financial services, including wealth management, insurance, and lending.Alibaba Annual ReportThe first 6 business segments are soon to be split into 6 companies and will IPO separately, where each company will be run by its own CEO and board of directors. The size of Alibaba has increase a lot of over the last years and to let each segment run on full performance more agility is needed in the business.Superb Second QuarterAnalysts were skeptical about the results of Alibaba and got blown away by a large double beat. The company increased revenue by 14% year-over-year to $32.29 billion, which beat estimates by $1.08 billion. Earnings per share came in at $2.40 (up 48% year-over-over), compared to the estimates of $2.01.Alibaba saw re-accelerating growth in all of their segments. The Chinese market recovered from a 3% year-over-year decline to a 12% increase year-over-year. Noteworthy, international commerce grew 41% compared to 29% in the previous quarter. The cloud business also changed growth direction from a 2% decline in sales to 4% sales growth in Q2.The cloud business growth slowed down a lot, but the CEO Daniel Zhang mentioned this in the latest earnings call:I think if you look at the cloud landscape in China, I think the total cloud infra as a percentage of the IT infra still in a lower -- actually, in a relatively low percentage as compared to the U.S. peers. So we still -- we see still the huge potential first in this cloud infra penetration. Secondly, I think with this AI revolution, I think that this brings incremental opportunities, and because today, all the companies want to use our AI capabilities to upgrade their services and in their own application. So -- but they need a high computing -- high-performance computing power to support this operation, not only in today's training, but also in the influence services to be provided. So I think these two are, we believe, the primary growth engine for the long term.23Q2 Investor PresentationAlthough I am not a big fan of EBITDA or EBITA (also called earnings before everything), this is the only way to compare the profitability of the different segments provided by Alibaba. Alibaba's profitability is improving across the board with the Logistics and Digital Media business as two new contributors to positive EBITA. Furthermore, the Cloud business grew EBITA 106% year-over-year and the International Commerce is finally closer to becoming a profitable business.23Q2 Investor PresentationThe most outstanding news in the earnings report was the comeback of free cash flow growth. Partly boosted by lower CAPEX, the free cash flow increased 76% year-over-year, nearing the all-time high of free cash flow in 2021. The company remained focused on returning value to shareholders through $3 billion in share buybacks.23Q2 Investor PresentationValuationI have chosen three other prominent players in the e-commerce business worldwide, that are similar to Alibaba, to compare various valuation metrics. The first metric covers the price-to-sales ratio. JD.com (JD) is easily beating their peers, followed by Alibaba at 1.9x price-to-sales.Data by YChartsFurther, when we move on to my favorite metric the free cash flow yield, we can see who has the strongest profitability and efficiencies. Alibaba is above and beyond the others with a free cash flow yield of 12%. The next peer is MercadoLibre (MELI), whose free cash flow yield is standing at a solid 6%. The worst performer by far is Amazon (AMZN), with a free cash flow yield of 0.2%.When I was writing my article around Meta Platforms (META) in November 2022, the free cash flow yield was at 8.5%. This was really exceptional for a business of that caliber. Since my article, Meta is up 170%, so who knows what will happen to Alibaba.Data by YChartsIn addition, Alibaba is even more undervalued compared to the peers based on EV-to-free cash flow. EV stands for enterprise value and this takes into account the market cap combined with total debt minus cash and cash equivalents.Data by YChartsDespite, JD's large number of sales compared to their market cap, it is underperforming in profitability by quite a margin. Alibaba is once again the leader with profit margins of 9%, followed by 6% for MercadoLibre.Data by YChartsBalance SheetAlthough Amazon has 5.8x times the market cap of Alibaba, Alibaba's cash and short term investments top those of the e-commerce king Amazon. Alibaba's cash and short-term investments were $75 billion in the latest earnings report and accounted for 31% of the current market cap. This liquidity can further enhance investments in business opportunities.Data by YChartsAlibaba's current ratio is almost reaching 2x and the total liabilities ($86 billion) are even lower than the current assets ($100 billion), showcasing the fortress balance sheet the company has amassed.The balance sheet makes it possible to buy back shares of their own company at the discounted value it is trading at. During the fiscal year 2023, Alibaba repurchased almost $11 billion or 4.5% of shares outstanding. After the second quarter, the company has $16.3 billion remaining under the current share buyback program, or 6.6% of shares outstanding.RisksHowever, investors need to keep in mind that Alibaba has been identified by the SEC under the Holding Foreign Companies Accountable Act. This means the company will be delisted by 2024, if they do not show the right auditing under the rules of the United States.In the annual report of Alibaba, you can find the following positive statement:Following that, on December 15, 2022, the PCAOB announced that it was able to secure complete access to inspect and investigate PCAOB-registered public accounting firms headquartered in Chinese mainland and Hong Kong in 2022. The PCAOB vacated its previous 2021 determinations that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in Chinese mainland and Hong Kong. For this reason, we do not expect to be identified as a Commission Identified Issuer following the filing of this annual report.The dual listing in Hong Kong lowers the risk of losing money must a delisting ever were to happen. Your shares could be converted into Hong Kong listed shares or you can re-buy your shares at the Hong Kong exchange yourself for a similar price, because the dual listing trades around the same price on the New York and Hong Kong exchange.TakeawayFew understand that the COVID-19 era has only recently ended in China, but more and more signs come in that China is ready to bounce back. The drop in Alibaba's share price was not completely risk driven and also partly justified in the drop of profitability and free cash flow after the incredible years of 2020 and 2021. The free cash flow generation is back on trend and is likely to go higher. Investors are known to exaggerate risks in a downtrend and Alibaba is no exception at all. Once the price recovers, supported by business performance and share buybacks, the risks we heard so loudly in 2021 and 2022 will play on the background.Data by YChartsI rate Alibaba Group Holding Limited stock a \"Strong Buy\" around $100 a share. The company is fundamentally exceptional and undervalued compared to the closest peers. The management is shareholder friendly with strong support of share repurchases. Furthermore, Alibaba's restructuring is likely to lead to more focus, efficiencies and profitability in all the different segments. China is easing up regulatory moves on businesses, has cut interest rates and is expected to boost the economy with another stimulus. Positive momentum is building up, which seems to me like a great opportunity to start a position in one of China's best businesses out there.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196578906755080,"gmtCreate":1689033731687,"gmtModify":1689033736021,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Speculative af","listText":"Speculative af","text":"Speculative af","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196578906755080","repostId":"2350156691","repostType":4,"repost":{"id":"2350156691","pubTimestamp":1689032318,"share":"https://ttm.financial/m/news/2350156691?lang=&edition=fundamental","pubTime":"2023-07-11 07:38","market":"us","language":"en","title":"7 EV Stocks to Make Your \"Get Rich\" Dreams Come True","url":"https://stock-news.laohu8.com/highlight/detail?id=2350156691","media":"InvestorPlace","summary":"The electric vehicle boom is accelerating – with no signs of slowing down. So, it just makes sense to look at how to get rich with EV stocks.","content":"<html><head></head><body><ul><li><p><strong>Lithium Americas </strong>(<strong>LAC</strong>): The company is working with <strong>General Motors</strong> (<strong><u>GM</u></strong>) at Thacker Pass.</p></li><li><p><strong>Tesla </strong>(<strong>TSLA</strong>): With improving fundamentals, TSLA could race to higher highs.</p></li><li><p><strong>BYD Co. </strong>(<strong>BYDDF</strong>): BYD is launching a new electric SUV, as direct competition to Tesla’s Model Y.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5f5b5107f11359111dc50a7b96e29f4\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: shutterstock.com/JLStock</p><p>The electric vehicle boom is accelerating – with no signs of slowing down. In fact, thanks to a strong Federal push for decarbonization, EVs already make up 10% of the nation’s total light-duty vehicle market, says American City and County. So, looking at how to get rich with EV stocks makes sense.</p><p>President Biden wants that number closer to 50% by 2030, which could result in 30 to 42 million EVs on U.S. roads alone. Even automakers are seeing big demand. <strong>Ford Motor</strong> (NYSE:<strong>F</strong>), for example, just said sales for its Mustang Mach-E are up 110% year over year.</p><p>Not only is that creating big opportunities for EV makers like <strong>Tesla</strong> (NASDAQ:<strong>TSLA</strong>), but it’s also creating opportunities for lithium and infrastructure. For example, according to the National Renewable Energy Laboratory, we’ll need about $23 billion worth of public charging infrastructure built.</p><p>Until demand starts to weaken, some of the best ways to get rich with EV stocks include:</p><h2 id=\"id_1167404407\">Get Rich with EV Stocks: Lithium Americas (LAC)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/63fb3673f6b103ba4d2ed09f00c1c163\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Wirestock Creators / Shutterstock.com</p><p>One of my favorite ways to trade the EV boom is with lithium stocks, like <strong>Lithium Americas</strong> (NYSE:<strong>LAC</strong>). For one, most EVs are highly dependent on lithium supply. Two, lithium supplies can’t keep up with demand. Three, Lithium Americas is working on the Thacker Pass lithium mine in Nevada, along with <strong>General Motors </strong>(NYSE:<strong>GM</strong>). Even better, Thacker Pass is the largest lithium deposit in the U.S. and the world’s second-largest. In short, there’s a good deal of opportunity. We also have to consider that once the mine is brought online, it could bring in incredible streams of revenue for LAC.</p><p>We also have to remember the company is splitting in two. Lithium Argentina will focus on the Caucharí-Olaroz, Pastos Grandes project, and Sal de la Puna. Lithium Americas will focus on its Thacker Pass lithium project in Nevada.</p><h2 id=\"id_595203932\">Get Rich with EV Stocks: Tesla (TSLA)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/423fc8d528bcfbe46f2701d5c027d804\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Rokas Tenys / Shutterstock.com</p><p>Or, look at Tesla. After crashing from about $325 to about $100, the stock raced back to $276.54. From here, I’d like to see it retest for $325 again shortly. Even analysts at RBC Capital just raised their price target to $305 from $212. KGI Securities raised its price target to $335. Citi raised its price target to $215 from $175.</p><p>Helping, the company just announced charging station partnerships with General Motors and Ford Motor. And there’s also hope TSLA can benefit from the Inflation Reduction Act, which allows some customers to claim up to $7,500 in credits when buying Tesla models. One more thing – At the moment, EVs account for 14% of all auto sales. As that number climbs, TSLA could multiply in size.</p><h2 id=\"id_1017982644\">Get Rich with EV Stocks: BYD Co. (BYDDF)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6eea21f9dc48c2aff9a13e2287e28b04\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: J. Lekavicius / Shutterstock.com</p><p>Another one of the top electric vehicle stocks to buy is <strong>BYD Co. </strong>(OTCMKTS:BYDDF). The company just posted a 411% jump in first-quarter profits year over year. In the quarter, the company’s net profit soared to 4.13 billion yuan, or about $600 million, from 808 million yuan a year earlier. Sales were up about 80% to 120.2 billion yuan from 66.8 billion yuan. All as Chinese consumers raced to buy electric vehicles. Even better, the company is looking to expand in overseas markets as well.</p><p>Even better, BYD is launching a new electric SUV, as direct competition to Tesla’s Model Y. Set for deliveries in the next few weeks, “BYD’s Denza brand said Monday evening it received more than 20,000 pre-orders for its N7 all-electric SUV and announced a price range of 301,800 yuan to 379,800 yuan ($41,680 to $52,452),” says CNBC.</p><h2 id=\"id_2753527158\">Solid Power (SLDP)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72d69604c608a6730dbe9b8d50d8091e\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: T. Schneider / Shutterstock.com</p><p>Its chart may be ugly but don’t write off <strong>Solid Power</strong> (NASDAQ:SLDP). For one, analysts at Needham just reinstated its buy rating with a $5 price target. In addition, the firm added that SLDP is a “well-funded call option.”</p><p>Solid Power is also working to expand its relationship with <strong>BMW</strong> (OTCMKTS:BMWYY) through a joint development agreement. That agreement helped the company see $3.8 million in revenue in the first quarter of 2023, up $1.6 million year-over-year. Plus, the company has two key milestones this year. Investors expect the company to report an improvement in key cell performance metrics. It also is expected to deliver EV cells to its partners by late 2023.</p><p>Plus, BYD just beat Tesla in China again. For June, the company sold 251,685 electrified vehicles, which means it sold more than 700,000 EVs in the second quarter. That’s about 100% growth year over year. Better,</p><p>Even better, <strong>Toyota</strong> (NYSE:<strong>TM</strong>) just said it sees solid-state batteries as a power source for future EVs, which is a sizable catalyst for battery stocks like SLDP. As noted by Reuters, “Toyota will introduce high-performance, solid-state batteries, and other technologies to improve the driving range and cut costs of future electric vehicles (EVs).”</p><h2 id=\"id_3090591808\">ChargePoint (CHPT)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a070198e2b665b5b9db97c2f2380138a\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: JL IMAGES / Shutterstock.com</p><p>Just as there is no EV revolution without lithium, there is no mass adoption of electric vehicles without robust networks of charging stations. This makes <strong>ChargePoint </strong>(NYSE:CHPT) another one of the top EV stocks to buy.</p><p>Governments around the world are racing to build out EV charging infrastructure. In the United States, the Biden Administration aims to have 500,000 EV chargers across the country by 2030. To that end, the Infrastructure Investment and Jobs Act, enacted in November 2021, earmarked $7.5 billion to accomplish this goal.</p><p>Helping, Stifel analyst Stephen Gengaro says CHPT is a stock that investors should seriously consider, saying it’s his “favorite EV charging name,” as noted by TipRanks.com.</p><p>Also, with a buy rating and a $17 price target, he added, “We reiterate our belief that CHPT is well positioned to capitalize on the expected robust growth in EV sales and charger demand over the next several years. We expect the company to deliver solid revenue growth in 2023-25+, and appears on target to deliver positive FCF by the end of calendar 2024.”</p><p>Helping, the company is adopting Tesla’s North American Standard (NACS) connectors for new orders and installations for its customers.</p><h2 id=\"id_1413132943\">KraneShares Electric Vehicles and Future Mobility ETF (KARS)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7bac95cf55d44b132d40dee927c50cf\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: shutterstock.com/Dmytro_Yushchenko</p><p>No list of hot EV ideas is complete with ETFs. Not only do they allow for strong diversification, but they’re also often inexpensive. Look at the <strong>Krane Shares Electric Vehicles and Future Mobility ETF</strong> (NYSEARCA:<strong>KARS</strong>), for example. With an expense ratio of 0.70%, this ETF provides exposure to companies involved in the production of EVs and their components.</p><p>It’s also benchmarked to the Bloomberg Electric Vehicles Index, which includes stocks involved with electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing, and electric infrastructure businesses, according to KraneShares.com. Some of its top holdings include <strong>Albemarle</strong> (NYSE:<strong>ALB</strong>), BYD Co., Tesla, <strong>Panasonic </strong>(OTCMKTS:<strong>PCRFY</strong>), and <strong>Lucid Group</strong> (NASDAQ:<strong>LCID</strong>).</p><p>Since the start of the year, the KARS ETF ran from about $28 to $31.50. From here, I’d eventually like to see the ETF run back to $39.</p><h2 id=\"id_3494825079\"><a href=\"https://laohu8.com/S/EFFE\">Global X</a> Autonomous &amp; Electric Vehicles ETF (DRIV)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ea76038bb272f8be73522414a6ece8c5\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Olivier Le Moal/Shutterstock</p><p>Or look at the <strong>Global X Autonomous &amp; Electric Vehicles ETF</strong> (NASDAQ:<strong>DRIV</strong>), for example. With an expense ratio of 0.68%, the ETF invests in companies involved with autonomous vehicles and technology, EVs, as well as EV components and materials, including lithium and cobalt.</p><p>Better, according to Global X ETFs, “While global EV registrations increased by an estimated 52% in 2022, EVs were still less than 12% of new cars sold, highlighting substantial room for further adoption.” Since the start of the year, the DRIV ETF exploded from about $19.75 to $25.71. From here, I’d like to see it closer to $32 a share.</p></body></html>","source":"investorplace_stock_picks","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>7 EV Stocks to Make Your \"Get Rich\" Dreams Come True</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\">\n7 EV Stocks to Make Your \"Get Rich\" Dreams Come True\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-11 07:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/07/7-ev-stocks-to-make-your-get-rich-dreams-come-true/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lithium Americas (LAC): The company is working with General Motors (GM) at Thacker Pass.Tesla (TSLA): With improving fundamentals, TSLA could race to higher highs.BYD Co. (BYDDF): BYD is launching a ...</p>\n\n<a href=\"https://investorplace.com/2023/07/7-ev-stocks-to-make-your-get-rich-dreams-come-true/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","BK4168":"多种金属与采矿","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LAC":"Lithium Americas Corp.","KARS":"KraneShares Electric Vehicles and Future Mobility Index ETF","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","F":"福特汽车","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","DRIV.AU":"BetaShares Electric Vhcl & Fut Mblty ETF","PLS.AU":"PILBARA MINERALS LTD","03160":"华夏日股对冲","DRIV":"Global X Autonomous & Electric Vehicles ETF","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","08100":"名科国际","CHPT":"ChargePoint Holdings Inc.","LU0823414478.USD":"法巴经典能源转换基金","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4527":"明星科技股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4542":"充电桩","BK7504":"锂钴概念","BK4588":"碎股","TSLA":"特斯拉","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TQQQ":"纳指三倍做多ETF","BK4545":"锂电池","BK4574":"无人驾驶",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","BK4561":"索罗斯持仓","TM":"丰田汽车","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4581":"高盛持仓","SLDP":"Solid Power, Inc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK7507":"资源股","BK1511":"疑似财技股","QID":"纳指两倍做空ETF","ALB":"美国雅保","LCID":"Lucid Group Inc","LU0823411888.USD":"法巴消费创新基金 Cap"},"source_url":"https://investorplace.com/2023/07/7-ev-stocks-to-make-your-get-rich-dreams-come-true/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2350156691","content_text":"Lithium Americas (LAC): The company is working with General Motors (GM) at Thacker Pass.Tesla (TSLA): With improving fundamentals, TSLA could race to higher highs.BYD Co. (BYDDF): BYD is launching a new electric SUV, as direct competition to Tesla’s Model Y.Source: shutterstock.com/JLStockThe electric vehicle boom is accelerating – with no signs of slowing down. In fact, thanks to a strong Federal push for decarbonization, EVs already make up 10% of the nation’s total light-duty vehicle market, says American City and County. So, looking at how to get rich with EV stocks makes sense.President Biden wants that number closer to 50% by 2030, which could result in 30 to 42 million EVs on U.S. roads alone. Even automakers are seeing big demand. Ford Motor (NYSE:F), for example, just said sales for its Mustang Mach-E are up 110% year over year.Not only is that creating big opportunities for EV makers like Tesla (NASDAQ:TSLA), but it’s also creating opportunities for lithium and infrastructure. For example, according to the National Renewable Energy Laboratory, we’ll need about $23 billion worth of public charging infrastructure built.Until demand starts to weaken, some of the best ways to get rich with EV stocks include:Get Rich with EV Stocks: Lithium Americas (LAC)Source: Wirestock Creators / Shutterstock.comOne of my favorite ways to trade the EV boom is with lithium stocks, like Lithium Americas (NYSE:LAC). For one, most EVs are highly dependent on lithium supply. Two, lithium supplies can’t keep up with demand. Three, Lithium Americas is working on the Thacker Pass lithium mine in Nevada, along with General Motors (NYSE:GM). Even better, Thacker Pass is the largest lithium deposit in the U.S. and the world’s second-largest. In short, there’s a good deal of opportunity. We also have to consider that once the mine is brought online, it could bring in incredible streams of revenue for LAC.We also have to remember the company is splitting in two. Lithium Argentina will focus on the Caucharí-Olaroz, Pastos Grandes project, and Sal de la Puna. Lithium Americas will focus on its Thacker Pass lithium project in Nevada.Get Rich with EV Stocks: Tesla (TSLA)Source: Rokas Tenys / Shutterstock.comOr, look at Tesla. After crashing from about $325 to about $100, the stock raced back to $276.54. From here, I’d like to see it retest for $325 again shortly. Even analysts at RBC Capital just raised their price target to $305 from $212. KGI Securities raised its price target to $335. Citi raised its price target to $215 from $175.Helping, the company just announced charging station partnerships with General Motors and Ford Motor. And there’s also hope TSLA can benefit from the Inflation Reduction Act, which allows some customers to claim up to $7,500 in credits when buying Tesla models. One more thing – At the moment, EVs account for 14% of all auto sales. As that number climbs, TSLA could multiply in size.Get Rich with EV Stocks: BYD Co. (BYDDF)Source: J. Lekavicius / Shutterstock.comAnother one of the top electric vehicle stocks to buy is BYD Co. (OTCMKTS:BYDDF). The company just posted a 411% jump in first-quarter profits year over year. In the quarter, the company’s net profit soared to 4.13 billion yuan, or about $600 million, from 808 million yuan a year earlier. Sales were up about 80% to 120.2 billion yuan from 66.8 billion yuan. All as Chinese consumers raced to buy electric vehicles. Even better, the company is looking to expand in overseas markets as well.Even better, BYD is launching a new electric SUV, as direct competition to Tesla’s Model Y. Set for deliveries in the next few weeks, “BYD’s Denza brand said Monday evening it received more than 20,000 pre-orders for its N7 all-electric SUV and announced a price range of 301,800 yuan to 379,800 yuan ($41,680 to $52,452),” says CNBC.Solid Power (SLDP)Source: T. Schneider / Shutterstock.comIts chart may be ugly but don’t write off Solid Power (NASDAQ:SLDP). For one, analysts at Needham just reinstated its buy rating with a $5 price target. In addition, the firm added that SLDP is a “well-funded call option.”Solid Power is also working to expand its relationship with BMW (OTCMKTS:BMWYY) through a joint development agreement. That agreement helped the company see $3.8 million in revenue in the first quarter of 2023, up $1.6 million year-over-year. Plus, the company has two key milestones this year. Investors expect the company to report an improvement in key cell performance metrics. It also is expected to deliver EV cells to its partners by late 2023.Plus, BYD just beat Tesla in China again. For June, the company sold 251,685 electrified vehicles, which means it sold more than 700,000 EVs in the second quarter. That’s about 100% growth year over year. Better,Even better, Toyota (NYSE:TM) just said it sees solid-state batteries as a power source for future EVs, which is a sizable catalyst for battery stocks like SLDP. As noted by Reuters, “Toyota will introduce high-performance, solid-state batteries, and other technologies to improve the driving range and cut costs of future electric vehicles (EVs).”ChargePoint (CHPT)Source: JL IMAGES / Shutterstock.comJust as there is no EV revolution without lithium, there is no mass adoption of electric vehicles without robust networks of charging stations. This makes ChargePoint (NYSE:CHPT) another one of the top EV stocks to buy.Governments around the world are racing to build out EV charging infrastructure. In the United States, the Biden Administration aims to have 500,000 EV chargers across the country by 2030. To that end, the Infrastructure Investment and Jobs Act, enacted in November 2021, earmarked $7.5 billion to accomplish this goal.Helping, Stifel analyst Stephen Gengaro says CHPT is a stock that investors should seriously consider, saying it’s his “favorite EV charging name,” as noted by TipRanks.com.Also, with a buy rating and a $17 price target, he added, “We reiterate our belief that CHPT is well positioned to capitalize on the expected robust growth in EV sales and charger demand over the next several years. We expect the company to deliver solid revenue growth in 2023-25+, and appears on target to deliver positive FCF by the end of calendar 2024.”Helping, the company is adopting Tesla’s North American Standard (NACS) connectors for new orders and installations for its customers.KraneShares Electric Vehicles and Future Mobility ETF (KARS)Source: shutterstock.com/Dmytro_YushchenkoNo list of hot EV ideas is complete with ETFs. Not only do they allow for strong diversification, but they’re also often inexpensive. Look at the Krane Shares Electric Vehicles and Future Mobility ETF (NYSEARCA:KARS), for example. With an expense ratio of 0.70%, this ETF provides exposure to companies involved in the production of EVs and their components.It’s also benchmarked to the Bloomberg Electric Vehicles Index, which includes stocks involved with electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing, and electric infrastructure businesses, according to KraneShares.com. Some of its top holdings include Albemarle (NYSE:ALB), BYD Co., Tesla, Panasonic (OTCMKTS:PCRFY), and Lucid Group (NASDAQ:LCID).Since the start of the year, the KARS ETF ran from about $28 to $31.50. From here, I’d eventually like to see the ETF run back to $39.Global X Autonomous & Electric Vehicles ETF (DRIV)Source: Olivier Le Moal/ShutterstockOr look at the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV), for example. With an expense ratio of 0.68%, the ETF invests in companies involved with autonomous vehicles and technology, EVs, as well as EV components and materials, including lithium and cobalt.Better, according to Global X ETFs, “While global EV registrations increased by an estimated 52% in 2022, EVs were still less than 12% of new cars sold, highlighting substantial room for further adoption.” Since the start of the year, the DRIV ETF exploded from about $19.75 to $25.71. From here, I’d like to see it closer to $32 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189396607746224,"gmtCreate":1687265062310,"gmtModify":1687265066041,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"the past does not guarantee the future. drawing&nbsp;charts and all that is just one way to rationalise a person's belief. just keep DCA and you can end this article in one paragraph.","listText":"the past does not guarantee the future. drawing&nbsp;charts and all that is just one way to rationalise a person's belief. just keep DCA and you can end this article in one paragraph.","text":"the past does not guarantee the future. drawing charts and all that is just one way to rationalise a person's belief. just keep DCA and you can end this article in one paragraph.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189396607746224","repostId":"2344097477","repostType":4,"repost":{"id":"2344097477","pubTimestamp":1687274836,"share":"https://ttm.financial/m/news/2344097477?lang=&edition=fundamental","pubTime":"2023-06-20 23:27","market":"us","language":"en","title":"The 1999 Hype Cycle May Be Back","url":"https://stock-news.laohu8.com/highlight/detail?id=2344097477","media":"Seekingalpha","summary":"NDX today If we look at the NDX chart, we can see that we have already rallied well into bull market territory and have left the 50 and 200-day MAs well behind us. Based on my Elliott Wave count, we should head much higher in the coming months. Elliott Wave Theory looks at the market in five-wave impulses and three-wave corre","content":"<html><head></head><body><h2>Thesis Summary</h2><p>The Nasdaq (NDX) continues its unstoppable rally, and I believe there is more to come. We are heading into an “ideal” thanks to a Fed pause, record cash on the sidelines and what I believe are inflated expectations of what AI can do today.</p><p>I am confident that this will end badly, but until then, the party keeps on rocking. I expect tech will reach all-time highs, which is why I advise getting exposure through the Invesco QQQ Trust (NASDAQ:QQQ).</p><p>However, I will be looking at taking profits on the way up, expecting that the market will eventually give up these gains.</p><p>More conservative investors might want to consider buying the “trough of disillusionment”.</p><h2>A Walk Down Memory Lane</h2><p>It seems like just yesterday when everyone was calling for new lows in the stock market. Bearishness was at an all-time high, as often happens with stocks; we got exactly the opposite of the consensus. Markets have been rallying, quite literally, since the release of ChatGPT.</p><p>The situation today looks a lot like the 1999 internet-driven hype, both in terms of sentiment and macro fundamentals.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef9907e15342e2e7c385032d9d21b8c2\" tg-width=\"1280\" tg-height=\"711\"/></p><p>NDX, rates and inflation 1999 (Author&#39;s work)</p><p>The decade of the 90s can be defined as a decade of lowering inflation, monetary easing and great enthusiasm surrounding a new revolutionary technology.</p><p>If we zoom into the last couple of years of this massive tech rally, we can see strong parallelisms with today. The Fed paused rates as inflation came down, and the NDX ripped higher.</p><h2>Will the market mirror 1999?</h2><p>This looks exactly like what we have today. As I’ve mentioned many times before, inflation is coming down for the time being. Following the latest Fed “skip”, it has become quite clear that rate hikes could have come to an end, (though the Fed, in my opinion, is trying to temper the market’s excitement around this). And, to top it off, AI technology promises to revolutionize every aspect of our economy.</p><p>If we look at rates today, they are near where they were in 1995. During the next few years, the Federal Reserve should keep rates at this level and even cut a few times.</p><p>Though we have yet to see the Fed switch to a more accommodative monetary stance, this is already baked into expectations.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c079902e74c7eddc93977ea02146c98\" tg-width=\"640\" tg-height=\"268\"/></p><p>Fed dot plot (CME watch group)</p><p>The Fed has not signalled it will cut rates yet, but this is implied by the Fed funds&#39; future pricing, which is reflected by the red dot on the chart.</p><p>So, we have all the same ingredients, moving forward, as we did in 1999. Rates should remain at similar levels, and we should even see some cuts; AI is changing the way we do business and inflation is coming down.</p><p>Go, tech, go!</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e038c13a39ccb653c2d087646f13c1\" tg-width=\"1280\" tg-height=\"692\"/></p><p>NDX today (Author&#39;s work)</p><p>If we look at the NDX chart, we can see that we have already rallied well into bull market territory and have left the 50 and 200-day MAs well behind us. Based on my Elliott Wave count, we should head much higher in the coming months. Elliott Wave Theory looks at the market in five-wave impulses and three-wave corrective moves, and the current structure would have us finishing this impulse well above previous highs.</p><p>Like in 1999, I believe the NDX will eventually give back a lot of these gains. The AI hype will likely turn into AI disillusionment once we realize that AI, today, is not as revolutionary as we had hoped. Like the internet, though, we should eventually learn to get the most out of it.</p><p>This could be paired with a market panic as inflation starts to creep back up. This is what happened in 1999. Inflation began to creep up, and the Fed was forced to raise rates again, which the market did not take well. The NDX would lose 85% of its value when all was said and done.</p><p>So if it is 1999, how do we invest? Buying tech now, I believe, can still be very lucrative, but it also carries risk. I believe we still have room to the upside, but a harsh sell-off will ensue. We can’t exactly predict when, but we can be on the lookout for important indicators like inflation, employment and Fed policy.</p><p>Alternatively, we can take a more conservative approach and buy the “trough of disillusionment”.</p><h2>The Gartner Hype Cycle</h2><p>The Gartner hype cycle was developed by the American advisory firm Gartner. It is a graphical and conceptual representation of how the public perceives and reacts to new technologies. It outlines five different phases, as shown below.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b499107c605309d16c5809cb1df898b4\" tg-width=\"1200\" tg-height=\"779\"/></p><p>Gartner Hype Cycle (Wikipedia)</p><p>This is a chart describing the Gartner Hype Cycle. New technologies often spark a lot of excitement and hype. This was the case in &#39;99 with the internet, and it is happening right now with AI. But investors and users can get too excited. It’s one thing to think about how AI will revolutionize the world, and a whole other story to implement it. This is what eventually leads to a trough of disillusionment, or in market terms, to a big sell-off.</p><p>The trough of disillusionment offers a great chance to begin to invest. In other words, instead of buying into the pre-dot.com crash hype, a much simpler and more effective approach, as history has shown, would have been to buy the lows in the Nasdaq after the crash.</p><h2>Final Thoughts</h2><p>In conclusion, I see many similarities between today’s bull run and the kind of price action we got leading up to the 1999 crash. I believe this rally will continue as inflation continues to fall, the economy remains strong, and the Fed pauses its rate hikes. However, I expect the other shoe will drop eventually. A recession should come, which could be much worse than 1999. Household debt is higher than ever, and fiscal responses to a crisis this time around could be much more inflationary.</p><p>With that said, and despite the Gartner Hype cycle, I am not sitting this rally out. I have been invested in tech for some time and will continue to be until I see a reason not to be.</p><p>If you aren’t invested already, I fully recommend gaining exposure through QQQ. This ETF tracks the Nasdaq, which in turn is made up of the large-cap names that have outperformed so much in recent weeks; Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Tesla (TSLA), Alphabet (GOOG) (GOOGL).</p><p>However, tech is quite overbought here, and I do see good opportunities in other assets and sectors in the more immediate term.</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>The 1999 Hype Cycle May Be Back</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 1999 Hype Cycle May Be Back\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-20 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4612378-1999-hype-cycle-may-be-back><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Thesis SummaryThe Nasdaq (NDX) continues its unstoppable rally, and I believe there is more to come. We are heading into an “ideal” thanks to a Fed pause, record cash on the sidelines and what I ...</p>\n\n<a href=\"https://seekingalpha.com/article/4612378-1999-hype-cycle-may-be-back\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4612378-1999-hype-cycle-may-be-back","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2344097477","content_text":"Thesis SummaryThe Nasdaq (NDX) continues its unstoppable rally, and I believe there is more to come. We are heading into an “ideal” thanks to a Fed pause, record cash on the sidelines and what I believe are inflated expectations of what AI can do today.I am confident that this will end badly, but until then, the party keeps on rocking. I expect tech will reach all-time highs, which is why I advise getting exposure through the Invesco QQQ Trust (NASDAQ:QQQ).However, I will be looking at taking profits on the way up, expecting that the market will eventually give up these gains.More conservative investors might want to consider buying the “trough of disillusionment”.A Walk Down Memory LaneIt seems like just yesterday when everyone was calling for new lows in the stock market. Bearishness was at an all-time high, as often happens with stocks; we got exactly the opposite of the consensus. Markets have been rallying, quite literally, since the release of ChatGPT.The situation today looks a lot like the 1999 internet-driven hype, both in terms of sentiment and macro fundamentals.NDX, rates and inflation 1999 (Author's work)The decade of the 90s can be defined as a decade of lowering inflation, monetary easing and great enthusiasm surrounding a new revolutionary technology.If we zoom into the last couple of years of this massive tech rally, we can see strong parallelisms with today. The Fed paused rates as inflation came down, and the NDX ripped higher.Will the market mirror 1999?This looks exactly like what we have today. As I’ve mentioned many times before, inflation is coming down for the time being. Following the latest Fed “skip”, it has become quite clear that rate hikes could have come to an end, (though the Fed, in my opinion, is trying to temper the market’s excitement around this). And, to top it off, AI technology promises to revolutionize every aspect of our economy.If we look at rates today, they are near where they were in 1995. During the next few years, the Federal Reserve should keep rates at this level and even cut a few times.Though we have yet to see the Fed switch to a more accommodative monetary stance, this is already baked into expectations.Fed dot plot (CME watch group)The Fed has not signalled it will cut rates yet, but this is implied by the Fed funds' future pricing, which is reflected by the red dot on the chart.So, we have all the same ingredients, moving forward, as we did in 1999. Rates should remain at similar levels, and we should even see some cuts; AI is changing the way we do business and inflation is coming down.Go, tech, go!NDX today (Author's work)If we look at the NDX chart, we can see that we have already rallied well into bull market territory and have left the 50 and 200-day MAs well behind us. Based on my Elliott Wave count, we should head much higher in the coming months. Elliott Wave Theory looks at the market in five-wave impulses and three-wave corrective moves, and the current structure would have us finishing this impulse well above previous highs.Like in 1999, I believe the NDX will eventually give back a lot of these gains. The AI hype will likely turn into AI disillusionment once we realize that AI, today, is not as revolutionary as we had hoped. Like the internet, though, we should eventually learn to get the most out of it.This could be paired with a market panic as inflation starts to creep back up. This is what happened in 1999. Inflation began to creep up, and the Fed was forced to raise rates again, which the market did not take well. The NDX would lose 85% of its value when all was said and done.So if it is 1999, how do we invest? Buying tech now, I believe, can still be very lucrative, but it also carries risk. I believe we still have room to the upside, but a harsh sell-off will ensue. We can’t exactly predict when, but we can be on the lookout for important indicators like inflation, employment and Fed policy.Alternatively, we can take a more conservative approach and buy the “trough of disillusionment”.The Gartner Hype CycleThe Gartner hype cycle was developed by the American advisory firm Gartner. It is a graphical and conceptual representation of how the public perceives and reacts to new technologies. It outlines five different phases, as shown below.Gartner Hype Cycle (Wikipedia)This is a chart describing the Gartner Hype Cycle. New technologies often spark a lot of excitement and hype. This was the case in '99 with the internet, and it is happening right now with AI. But investors and users can get too excited. It’s one thing to think about how AI will revolutionize the world, and a whole other story to implement it. This is what eventually leads to a trough of disillusionment, or in market terms, to a big sell-off.The trough of disillusionment offers a great chance to begin to invest. In other words, instead of buying into the pre-dot.com crash hype, a much simpler and more effective approach, as history has shown, would have been to buy the lows in the Nasdaq after the crash.Final ThoughtsIn conclusion, I see many similarities between today’s bull run and the kind of price action we got leading up to the 1999 crash. I believe this rally will continue as inflation continues to fall, the economy remains strong, and the Fed pauses its rate hikes. However, I expect the other shoe will drop eventually. A recession should come, which could be much worse than 1999. Household debt is higher than ever, and fiscal responses to a crisis this time around could be much more inflationary.With that said, and despite the Gartner Hype cycle, I am not sitting this rally out. I have been invested in tech for some time and will continue to be until I see a reason not to be.If you aren’t invested already, I fully recommend gaining exposure through QQQ. This ETF tracks the Nasdaq, which in turn is made up of the large-cap names that have outperformed so much in recent weeks; Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Tesla (TSLA), Alphabet (GOOG) (GOOGL).However, tech is quite overbought here, and I do see good opportunities in other assets and sectors in the more immediate term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186889317113952,"gmtCreate":1686666550812,"gmtModify":1686666559415,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"\"I remain concerned about how slowly inflation is making its way back to 2%,\" said Narayana Kocherlakota\" - seriously? Inflation just drop from 4.9 to 4%! Are these people seriously doing their job??&nbsp;&nbsp;","listText":"\"I remain concerned about how slowly inflation is making its way back to 2%,\" said Narayana Kocherlakota\" - seriously? Inflation just drop from 4.9 to 4%! Are these people seriously doing their job??&nbsp;&nbsp;","text":"\"I remain concerned about how slowly inflation is making its way back to 2%,\" said Narayana Kocherlakota\" - seriously? Inflation just drop from 4.9 to 4%! Are these people seriously doing their job??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186889317113952","repostId":"2343623330","repostType":4,"repost":{"id":"2343623330","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":1686664486,"share":"https://ttm.financial/m/news/2343623330?lang=&edition=fundamental","pubTime":"2023-06-13 21:54","market":"us","language":"en","title":"Fed-Rate Projections Could Rise to Underscore Inflation Anxieties","url":"https://stock-news.laohu8.com/highlight/detail?id=2343623330","media":"Dow Jones","summary":"By Nick TimiraosFederal Reserve officials' concerns about stubbornly high inflation could lead them ","content":"<html><head></head><body><p>By Nick Timiraos</p><p>Federal Reserve officials&#39; concerns about stubbornly high inflation could lead them to signal that they are prepared to lift interest rates again this year even if they hold them steady on Wednesday.</p><p>The Labor Department reported Tuesday that overall inflation slowed in May but underlying price pressures remained firm. The figures are likely to keep the Fed on track to forego a rate rise this week following 10 consecutive increases.</p><p>The consumer-price index rose 0.1% from April, lowering the 12-month change to 4%, from 4.9% in April. So-called core consumer prices, which excludes volatile food and energy categories, climbed 0.4% in May and by 5.3% from a year earlier, down from 5.5% in April.</p><p>Policy makers&#39; new quarterly economic projections, due to be released after their meeting on Wednesday, provide them one way to underscore that they are likely to raise rates more if the economy and inflation don&#39;t soon show signs of slowing. Fed Chair Jerome Powell will further explain officials&#39; thinking at a news conference Wednesday.</p><p>Their March projections showed most officials anticipated they would raise their benchmark federal-funds rate to its current level, between 5% and 5.25%, and hold it there through year&#39;s end so long as growth and inflation slowed. A significant minority thought the rate would need to rise higher, to around 5.5%.</p><p>Officials made those projections on March 22 amid heightened uncertainty from the failure of two midsize banks -- Silicon Valley Bank on March 10 and Signature Bank on March 12. A third ailing lender, First Republic Bank, failed a few weeks later.</p><p>Until March, Fed officials had lifted every quarter their estimates of how high they would have to raise rates. But in March, more officials concluded the potential for banks to tighten credit might have the same economic effect as a Fed rate increase. Most held steady their projection of the &#34;peak&#34; rate.</p><p>Since then, some Fed policy makers have said they are anxious the economy hasn&#39;t responded to rapid rate rises over the past year and want to keep nudging rates higher to ensure growth slows soon.</p><p>Others are more concerned that the Fed&#39;s past increases haven&#39;t been fully transmitted through the economy. The bank failures this spring served as an early example of how a lending pullback could unfold with little notice, especially because financial markets grew accustomed to historically low borrowing costs over the past decade.</p><p>The crosscurrents of economic resilience and the lagged effects of past rate increases underscore how, with short-term rates now at a 16-year high, nearly any rate strategy at this point carries more peril than earlier in the rate-increase process.</p><p>&#34;It&#39;s easier to make mistakes because it&#39;s harder to figure out what&#39;s happening to the economy in real-time,&#34; said former Fed governor Jeremy Stein. &#34;The risk that you make a monetary policy mistake has gone up.&#34;</p><p>After raising interest rates rapidly from very low levels last year, officials slowed their increases this year. They have raised the fed-funds rate by a quarter percentage point at each of three meetings so far this year, most recently in May.</p><p>Policy makers are expected to hold rates steady at their meeting this week, but investors in interest-rate futures markets anticipate another increase is likely at the Fed&#39;s subsequent gathering in July.</p><p>Signaling a rate &#34;skip&#34; -- the combination of holding rates steady in June while signaling a high likelihood of a rate rise in July -- could be tricky to explain to the public. &#34;If you were absolutely sure you were going to go ahead with an increase at the following meeting, then you should just go now,&#34; said William English, a former senior Fed economist who is a professor at Yale School of Management.</p><p>Forgoing an increase this week would allow officials to further slow their rate rises to assess the effects of their previous hikes and any fallout from banking industry stress.</p><p>When mapping out how much further and faster to raise rates, &#34;it calls for a different, somewhat more complicated kind of analysis -- surely more complicated than being dependent on the last inflation reading and the last job report,&#34; said former Fed governor Daniel Tarullo.</p><p>One challenge for officials is that economic activity has continued to outperform expectations. Low inventories of homes for sale, for example, have boosted sales of new homes and home prices in recent months.</p><p>But there hasn&#39;t been much time for Fed policy makers to assess to what degree, if any, banks&#39; rising funding costs are reducing lending. The economic effects of banking and other financial stresses are harder to model than traditional interest-rate increases.</p><p>&#34;We&#39;re well over 5% interest rates, effectively, once you add in the tightening that came from the banking side. You&#39;ve got loans becoming much scarcer. That should be slowing the economy down,&#34; said Stephen Cecchetti, an economist at Brandeis University.</p><p>Those who think the Fed should keep raising rates are more worried about high inflation becoming entrenched in public psychology. &#34;I remain concerned about how slowly inflation is making its way back to 2%,&#34; said Narayana Kocherlakota, who was president of the Minneapolis Fed from 2009 to 2015.</p><p>The experience with high inflation in the 1970s shows that once the public expects higher prices, the Fed has to force unemployment higher to bring down inflation. If the public thinks the Fed isn&#39;t willing to raise rates to reduce inflation that is more than double the central bank&#39;s 2% target because of concerns about the banking system, that could lead inflation expectations to rise, said Kocherlakota.</p><p>Kocherlakota faulted the Fed for &#34;continuing to sell the story that interest rates will not have to go significantly higher.&#34;</p><p>&#34;Will the Fed have to go to 7%? I hope not,&#34; said Kocherlakota, an economist at the University of Rochester. &#34;Is there a possibility they&#39;re going to have to go to 7%? Absolutely.&#34;</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>Fed-Rate Projections Could Rise to Underscore Inflation Anxieties</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\">\nFed-Rate Projections Could Rise to Underscore Inflation Anxieties\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\">2023-06-13 21:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>By Nick Timiraos</p><p>Federal Reserve officials&#39; concerns about stubbornly high inflation could lead them to signal that they are prepared to lift interest rates again this year even if they hold them steady on Wednesday.</p><p>The Labor Department reported Tuesday that overall inflation slowed in May but underlying price pressures remained firm. The figures are likely to keep the Fed on track to forego a rate rise this week following 10 consecutive increases.</p><p>The consumer-price index rose 0.1% from April, lowering the 12-month change to 4%, from 4.9% in April. So-called core consumer prices, which excludes volatile food and energy categories, climbed 0.4% in May and by 5.3% from a year earlier, down from 5.5% in April.</p><p>Policy makers&#39; new quarterly economic projections, due to be released after their meeting on Wednesday, provide them one way to underscore that they are likely to raise rates more if the economy and inflation don&#39;t soon show signs of slowing. Fed Chair Jerome Powell will further explain officials&#39; thinking at a news conference Wednesday.</p><p>Their March projections showed most officials anticipated they would raise their benchmark federal-funds rate to its current level, between 5% and 5.25%, and hold it there through year&#39;s end so long as growth and inflation slowed. A significant minority thought the rate would need to rise higher, to around 5.5%.</p><p>Officials made those projections on March 22 amid heightened uncertainty from the failure of two midsize banks -- Silicon Valley Bank on March 10 and Signature Bank on March 12. A third ailing lender, First Republic Bank, failed a few weeks later.</p><p>Until March, Fed officials had lifted every quarter their estimates of how high they would have to raise rates. But in March, more officials concluded the potential for banks to tighten credit might have the same economic effect as a Fed rate increase. Most held steady their projection of the &#34;peak&#34; rate.</p><p>Since then, some Fed policy makers have said they are anxious the economy hasn&#39;t responded to rapid rate rises over the past year and want to keep nudging rates higher to ensure growth slows soon.</p><p>Others are more concerned that the Fed&#39;s past increases haven&#39;t been fully transmitted through the economy. The bank failures this spring served as an early example of how a lending pullback could unfold with little notice, especially because financial markets grew accustomed to historically low borrowing costs over the past decade.</p><p>The crosscurrents of economic resilience and the lagged effects of past rate increases underscore how, with short-term rates now at a 16-year high, nearly any rate strategy at this point carries more peril than earlier in the rate-increase process.</p><p>&#34;It&#39;s easier to make mistakes because it&#39;s harder to figure out what&#39;s happening to the economy in real-time,&#34; said former Fed governor Jeremy Stein. &#34;The risk that you make a monetary policy mistake has gone up.&#34;</p><p>After raising interest rates rapidly from very low levels last year, officials slowed their increases this year. They have raised the fed-funds rate by a quarter percentage point at each of three meetings so far this year, most recently in May.</p><p>Policy makers are expected to hold rates steady at their meeting this week, but investors in interest-rate futures markets anticipate another increase is likely at the Fed&#39;s subsequent gathering in July.</p><p>Signaling a rate &#34;skip&#34; -- the combination of holding rates steady in June while signaling a high likelihood of a rate rise in July -- could be tricky to explain to the public. &#34;If you were absolutely sure you were going to go ahead with an increase at the following meeting, then you should just go now,&#34; said William English, a former senior Fed economist who is a professor at Yale School of Management.</p><p>Forgoing an increase this week would allow officials to further slow their rate rises to assess the effects of their previous hikes and any fallout from banking industry stress.</p><p>When mapping out how much further and faster to raise rates, &#34;it calls for a different, somewhat more complicated kind of analysis -- surely more complicated than being dependent on the last inflation reading and the last job report,&#34; said former Fed governor Daniel Tarullo.</p><p>One challenge for officials is that economic activity has continued to outperform expectations. Low inventories of homes for sale, for example, have boosted sales of new homes and home prices in recent months.</p><p>But there hasn&#39;t been much time for Fed policy makers to assess to what degree, if any, banks&#39; rising funding costs are reducing lending. The economic effects of banking and other financial stresses are harder to model than traditional interest-rate increases.</p><p>&#34;We&#39;re well over 5% interest rates, effectively, once you add in the tightening that came from the banking side. You&#39;ve got loans becoming much scarcer. That should be slowing the economy down,&#34; said Stephen Cecchetti, an economist at Brandeis University.</p><p>Those who think the Fed should keep raising rates are more worried about high inflation becoming entrenched in public psychology. &#34;I remain concerned about how slowly inflation is making its way back to 2%,&#34; said Narayana Kocherlakota, who was president of the Minneapolis Fed from 2009 to 2015.</p><p>The experience with high inflation in the 1970s shows that once the public expects higher prices, the Fed has to force unemployment higher to bring down inflation. If the public thinks the Fed isn&#39;t willing to raise rates to reduce inflation that is more than double the central bank&#39;s 2% target because of concerns about the banking system, that could lead inflation expectations to rise, said Kocherlakota.</p><p>Kocherlakota faulted the Fed for &#34;continuing to sell the story that interest rates will not have to go significantly higher.&#34;</p><p>&#34;Will the Fed have to go to 7%? I hope not,&#34; said Kocherlakota, an economist at the University of Rochester. &#34;Is there a possibility they&#39;re going to have to go to 7%? Absolutely.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2343623330","content_text":"By Nick TimiraosFederal Reserve officials' concerns about stubbornly high inflation could lead them to signal that they are prepared to lift interest rates again this year even if they hold them steady on Wednesday.The Labor Department reported Tuesday that overall inflation slowed in May but underlying price pressures remained firm. The figures are likely to keep the Fed on track to forego a rate rise this week following 10 consecutive increases.The consumer-price index rose 0.1% from April, lowering the 12-month change to 4%, from 4.9% in April. So-called core consumer prices, which excludes volatile food and energy categories, climbed 0.4% in May and by 5.3% from a year earlier, down from 5.5% in April.Policy makers' new quarterly economic projections, due to be released after their meeting on Wednesday, provide them one way to underscore that they are likely to raise rates more if the economy and inflation don't soon show signs of slowing. Fed Chair Jerome Powell will further explain officials' thinking at a news conference Wednesday.Their March projections showed most officials anticipated they would raise their benchmark federal-funds rate to its current level, between 5% and 5.25%, and hold it there through year's end so long as growth and inflation slowed. A significant minority thought the rate would need to rise higher, to around 5.5%.Officials made those projections on March 22 amid heightened uncertainty from the failure of two midsize banks -- Silicon Valley Bank on March 10 and Signature Bank on March 12. A third ailing lender, First Republic Bank, failed a few weeks later.Until March, Fed officials had lifted every quarter their estimates of how high they would have to raise rates. But in March, more officials concluded the potential for banks to tighten credit might have the same economic effect as a Fed rate increase. Most held steady their projection of the \"peak\" rate.Since then, some Fed policy makers have said they are anxious the economy hasn't responded to rapid rate rises over the past year and want to keep nudging rates higher to ensure growth slows soon.Others are more concerned that the Fed's past increases haven't been fully transmitted through the economy. The bank failures this spring served as an early example of how a lending pullback could unfold with little notice, especially because financial markets grew accustomed to historically low borrowing costs over the past decade.The crosscurrents of economic resilience and the lagged effects of past rate increases underscore how, with short-term rates now at a 16-year high, nearly any rate strategy at this point carries more peril than earlier in the rate-increase process.\"It's easier to make mistakes because it's harder to figure out what's happening to the economy in real-time,\" said former Fed governor Jeremy Stein. \"The risk that you make a monetary policy mistake has gone up.\"After raising interest rates rapidly from very low levels last year, officials slowed their increases this year. They have raised the fed-funds rate by a quarter percentage point at each of three meetings so far this year, most recently in May.Policy makers are expected to hold rates steady at their meeting this week, but investors in interest-rate futures markets anticipate another increase is likely at the Fed's subsequent gathering in July.Signaling a rate \"skip\" -- the combination of holding rates steady in June while signaling a high likelihood of a rate rise in July -- could be tricky to explain to the public. \"If you were absolutely sure you were going to go ahead with an increase at the following meeting, then you should just go now,\" said William English, a former senior Fed economist who is a professor at Yale School of Management.Forgoing an increase this week would allow officials to further slow their rate rises to assess the effects of their previous hikes and any fallout from banking industry stress.When mapping out how much further and faster to raise rates, \"it calls for a different, somewhat more complicated kind of analysis -- surely more complicated than being dependent on the last inflation reading and the last job report,\" said former Fed governor Daniel Tarullo.One challenge for officials is that economic activity has continued to outperform expectations. Low inventories of homes for sale, for example, have boosted sales of new homes and home prices in recent months.But there hasn't been much time for Fed policy makers to assess to what degree, if any, banks' rising funding costs are reducing lending. The economic effects of banking and other financial stresses are harder to model than traditional interest-rate increases.\"We're well over 5% interest rates, effectively, once you add in the tightening that came from the banking side. You've got loans becoming much scarcer. That should be slowing the economy down,\" said Stephen Cecchetti, an economist at Brandeis University.Those who think the Fed should keep raising rates are more worried about high inflation becoming entrenched in public psychology. \"I remain concerned about how slowly inflation is making its way back to 2%,\" said Narayana Kocherlakota, who was president of the Minneapolis Fed from 2009 to 2015.The experience with high inflation in the 1970s shows that once the public expects higher prices, the Fed has to force unemployment higher to bring down inflation. If the public thinks the Fed isn't willing to raise rates to reduce inflation that is more than double the central bank's 2% target because of concerns about the banking system, that could lead inflation expectations to rise, said Kocherlakota.Kocherlakota faulted the Fed for \"continuing to sell the story that interest rates will not have to go significantly higher.\"\"Will the Fed have to go to 7%? I hope not,\" said Kocherlakota, an economist at the University of Rochester. \"Is there a possibility they're going to have to go to 7%? Absolutely.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185627484070000,"gmtCreate":1686358676893,"gmtModify":1686358682092,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Every bull run also most hated in history. Go check news headline mr CIO. Lol","listText":"Every bull run also most hated in history. Go check news headline mr CIO. Lol","text":"Every bull run also most hated in history. Go check news headline mr CIO. Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185627484070000","repostId":"2342536118","repostType":4,"repost":{"id":"2342536118","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":1686352007,"share":"https://ttm.financial/m/news/2342536118?lang=&edition=fundamental","pubTime":"2023-06-10 07:06","market":"us","language":"en","title":"S&P 500, Nasdaq Hit Fresh 2023 Highs As Tesla Rallies 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=2342536118","media":"Reuters","summary":"Tesla, General Motors jump on EV charging tie-upAdobe gains on Wells Fargo upgradeTarget slips after","content":"<html><head></head><body><ul><li><p>Tesla, General Motors jump on EV charging tie-up</p></li><li><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a> gains on Wells Fargo upgrade</p></li><li><p>Target slips after Citi downgrade</p></li><li><p>Indexes: S&amp;P up 0.11%, Dow Jones adds 0.13%, Nasdaq gains 0.16%</p></li></ul><p>June 9 (Reuters) - The S&amp;P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the broader market on the eve of the Federal Reserve&#39;s policy meeting and inflation data next week.</p><p>Tesla Inc shares climbed 4.06%, clinching their longest winning streak since January 2021, after General Motors Co agreed to use the company&#39;s Supercharger network. GM shares rose 1.06%.</p><p>The benchmark S&amp;P 500 built on Thursday&#39;s 20% rise from its Oct. 12 finishing low, heralding the start of a new bull market as defined by some market participants.</p><p>&#34;It&#39;s maybe the most hated bull market in the history of bull markets,&#34; said Tim Holland, chief investment officer of investment platform Orion OCIO.</p><p>&#34;Sentiment was terribly depressed going into year-end and still remains on the bearish side.&#34;</p><p>The S&amp;P 500 gained 4.93 points, or 0.11%, at 4,298.86, taking this week&#39;s advance to 0.38% and extending its winning streak to four weeks, the longest since the July-August 2022 period. The Nasdaq Composite notched its seventh straight week of gains, adding 20.62 points, or 0.16%, to 13,259.14 on the day and 0.13% on the week. The Dow Jones Industrial Average rose 43.17 points, or 0.13%, to 33,876.78, for a weekly gain of 0.33%.</p><p>A megacap stocks rally, better-than-expected earnings season and expectations that the Fed was nearing the end of its rate-hiking cycle have supported Wall Street this year despite concerns about a looming recession and sticky inflation.</p><p>Shares in tech companies including Apple Inc , Advanced Micro Devices and Nvidia Corp rose between 0.22% and 3.20% after retreating earlier this week.</p><p>Traders see a 72% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range in its June 13-14 policy meeting, according to CMEGroup&#39;s Fedwatch tool.</p><p>&#34;The overall tone of the market is based on the idea that the Fed will pause its increases,&#34; said Rick Meckler, partner at Cherry Lane Investments. &#34;As it pauses, the broader market will start to rally and maybe catch up with the large-cap tech stocks that have led the way up until now.&#34;</p><p>Consumer prices data on Tuesday will help shape expectations around further moves by the Fed, with traders already pricing in a 50% chance of another 25-basis-point rate hike in July.</p><p>The CBOE Volatility index , commonly known as Wall Street&#39;s fear gauge, sank to the lowest level since February 2020 before regaining some ground.</p><p>Target Corp slipped 3.26% after Citi downgraded the big-box retailer to &#34;neutral,&#34; saying sales could fall further this year due to economic challenges.</p><p>Adobe Inc rose 3.41% after Wells Fargo upgraded it to &#34;overweight,&#34; saying the Photoshop software maker was poised to benefit from the generative AI boom.</p><p>Netflix Inc gained 2.60% following a report that the streaming giant&#39;s subscriptions jumped after its crackdown on password sharing.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.84-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 15 new 52-week highs and five new lows; the Nasdaq Composite recorded 84 new highs and 53 new lows.</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>S&P 500, Nasdaq Hit Fresh 2023 Highs As Tesla Rallies 4%</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\">\nS&P 500, Nasdaq Hit Fresh 2023 Highs As Tesla Rallies 4%\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\">2023-06-10 07:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><p>Tesla, General Motors jump on EV charging tie-up</p></li><li><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a> gains on Wells Fargo upgrade</p></li><li><p>Target slips after Citi downgrade</p></li><li><p>Indexes: S&amp;P up 0.11%, Dow Jones adds 0.13%, Nasdaq gains 0.16%</p></li></ul><p>June 9 (Reuters) - The S&amp;P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the broader market on the eve of the Federal Reserve&#39;s policy meeting and inflation data next week.</p><p>Tesla Inc shares climbed 4.06%, clinching their longest winning streak since January 2021, after General Motors Co agreed to use the company&#39;s Supercharger network. GM shares rose 1.06%.</p><p>The benchmark S&amp;P 500 built on Thursday&#39;s 20% rise from its Oct. 12 finishing low, heralding the start of a new bull market as defined by some market participants.</p><p>&#34;It&#39;s maybe the most hated bull market in the history of bull markets,&#34; said Tim Holland, chief investment officer of investment platform Orion OCIO.</p><p>&#34;Sentiment was terribly depressed going into year-end and still remains on the bearish side.&#34;</p><p>The S&amp;P 500 gained 4.93 points, or 0.11%, at 4,298.86, taking this week&#39;s advance to 0.38% and extending its winning streak to four weeks, the longest since the July-August 2022 period. The Nasdaq Composite notched its seventh straight week of gains, adding 20.62 points, or 0.16%, to 13,259.14 on the day and 0.13% on the week. The Dow Jones Industrial Average rose 43.17 points, or 0.13%, to 33,876.78, for a weekly gain of 0.33%.</p><p>A megacap stocks rally, better-than-expected earnings season and expectations that the Fed was nearing the end of its rate-hiking cycle have supported Wall Street this year despite concerns about a looming recession and sticky inflation.</p><p>Shares in tech companies including Apple Inc , Advanced Micro Devices and Nvidia Corp rose between 0.22% and 3.20% after retreating earlier this week.</p><p>Traders see a 72% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range in its June 13-14 policy meeting, according to CMEGroup&#39;s Fedwatch tool.</p><p>&#34;The overall tone of the market is based on the idea that the Fed will pause its increases,&#34; said Rick Meckler, partner at Cherry Lane Investments. &#34;As it pauses, the broader market will start to rally and maybe catch up with the large-cap tech stocks that have led the way up until now.&#34;</p><p>Consumer prices data on Tuesday will help shape expectations around further moves by the Fed, with traders already pricing in a 50% chance of another 25-basis-point rate hike in July.</p><p>The CBOE Volatility index , commonly known as Wall Street&#39;s fear gauge, sank to the lowest level since February 2020 before regaining some ground.</p><p>Target Corp slipped 3.26% after Citi downgraded the big-box retailer to &#34;neutral,&#34; saying sales could fall further this year due to economic challenges.</p><p>Adobe Inc rose 3.41% after Wells Fargo upgraded it to &#34;overweight,&#34; saying the Photoshop software maker was poised to benefit from the generative AI boom.</p><p>Netflix Inc gained 2.60% following a report that the streaming giant&#39;s subscriptions jumped after its crackdown on password sharing.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.84-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 15 new 52-week highs and five new lows; the Nasdaq Composite recorded 84 new highs and 53 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0251142724.SGD":"Fidelity America A-SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4548":"巴美列捷福持仓","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4529":"IDC概念","AAPL":"苹果","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IVV":"标普500指数ETF","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","NFLX":"奈飞","LU0072462426.USD":"贝莱德全球配置 A2","LU0823411888.USD":"法巴消费创新基金 Cap","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4141":"半导体产品","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4576":"AR","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","ADBE":"Adobe","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","DXD":"道指两倍做空ETF","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0106831901.USD":"贝莱德世界金融基金A2","BK4527":"明星科技股","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","SDS":"两倍做空标普500ETF","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD",".DJI":"道琼斯","TSLA":"特斯拉",".IXIC":"NASDAQ Composite","BK4551":"寇图资本持仓","BK4207":"综合性银行","LU0444971666.USD":"天利全球科技基金","BK4515":"5G概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H",".SPX":"S&P 500 Index","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4170":"电脑硬件、储存设备及电脑周边","BK4099":"汽车制造商"},"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":"2342536118","content_text":"Tesla, General Motors jump on EV charging tie-upAdobe gains on Wells Fargo upgradeTarget slips after Citi downgradeIndexes: S&P up 0.11%, Dow Jones adds 0.13%, Nasdaq gains 0.16%June 9 (Reuters) - The S&P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the broader market on the eve of the Federal Reserve's policy meeting and inflation data next week.Tesla Inc shares climbed 4.06%, clinching their longest winning streak since January 2021, after General Motors Co agreed to use the company's Supercharger network. GM shares rose 1.06%.The benchmark S&P 500 built on Thursday's 20% rise from its Oct. 12 finishing low, heralding the start of a new bull market as defined by some market participants.\"It's maybe the most hated bull market in the history of bull markets,\" said Tim Holland, chief investment officer of investment platform Orion OCIO.\"Sentiment was terribly depressed going into year-end and still remains on the bearish side.\"The S&P 500 gained 4.93 points, or 0.11%, at 4,298.86, taking this week's advance to 0.38% and extending its winning streak to four weeks, the longest since the July-August 2022 period. The Nasdaq Composite notched its seventh straight week of gains, adding 20.62 points, or 0.16%, to 13,259.14 on the day and 0.13% on the week. The Dow Jones Industrial Average rose 43.17 points, or 0.13%, to 33,876.78, for a weekly gain of 0.33%.A megacap stocks rally, better-than-expected earnings season and expectations that the Fed was nearing the end of its rate-hiking cycle have supported Wall Street this year despite concerns about a looming recession and sticky inflation.Shares in tech companies including Apple Inc , Advanced Micro Devices and Nvidia Corp rose between 0.22% and 3.20% after retreating earlier this week.Traders see a 72% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range in its June 13-14 policy meeting, according to CMEGroup's Fedwatch tool.\"The overall tone of the market is based on the idea that the Fed will pause its increases,\" said Rick Meckler, partner at Cherry Lane Investments. \"As it pauses, the broader market will start to rally and maybe catch up with the large-cap tech stocks that have led the way up until now.\"Consumer prices data on Tuesday will help shape expectations around further moves by the Fed, with traders already pricing in a 50% chance of another 25-basis-point rate hike in July.The CBOE Volatility index , commonly known as Wall Street's fear gauge, sank to the lowest level since February 2020 before regaining some ground.Target Corp slipped 3.26% after Citi downgraded the big-box retailer to \"neutral,\" saying sales could fall further this year due to economic challenges.Adobe Inc rose 3.41% after Wells Fargo upgraded it to \"overweight,\" saying the Photoshop software maker was poised to benefit from the generative AI boom.Netflix Inc gained 2.60% following a report that the streaming giant's subscriptions jumped after its crackdown on password sharing.Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.84-to-1 ratio favored decliners.The S&P 500 posted 15 new 52-week highs and five new lows; the Nasdaq Composite recorded 84 new highs and 53 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185115677524112,"gmtCreate":1686233676774,"gmtModify":1686233680659,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Good luck. its already 3 yrs. Keep holding","listText":"Good luck. its already 3 yrs. Keep holding","text":"Good luck. its already 3 yrs. Keep holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185115677524112","repostId":"2341351225","repostType":4,"repost":{"id":"2341351225","pubTimestamp":1686212132,"share":"https://ttm.financial/m/news/2341351225?lang=&edition=fundamental","pubTime":"2023-06-08 16:15","market":"us","language":"en","title":"Alibaba: Why I Bought The Last Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2341351225","media":"Seeking Alpha","summary":"Jack Ma Michael Loccisano Alibaba Group Holding (NYSE:BABA) is a stock I've covered for a long time on Seeking Alpha. I haven't been covering it as much lately as I did in the past, because I've said ","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Alibaba stock is cheap compared to U.S. tech stocks, with a market cap of just over $200 billion and $25 billion in annual free cash flow.</p></li><li><p>BABA faces increased competition in the domestic Chinese market due to regulatory changes, but its international commerce segment continues to grow rapidly.</p></li><li><p>Risks for Alibaba include mixed economic data from China, heightened competition, and ongoing U.S./China tensions.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/caaaeb7cdfa665bf1550cbf2f7307f8f\" alt=\"Jack Ma\" title=\"Jack Ma\" tg-width=\"750\" tg-height=\"499\"/><span>Jack Ma</span></p><p><strong>Alibaba Group Holding</strong> (NYSE:BABA) is a stock I&#39;ve covered for a long time on Seeking Alpha. I haven&#39;t been covering it as much lately as I did in the past, because I&#39;ve said most of what I wanted to say about the company. However, I did add to my BABA position on the stock&#39;s most recent dip, as I thought that it had gotten too cheap when it fell to $78.</p><p>Today, Alibaba is doing $25 billion in annual free cash flow. It has $75 billion in cash and short term investments. As I wrote in a recent Tweet, the combined amount is enough to buy back more than half the float in three years, if the stock price doesn&#39;t change. The point is academic, because such a large buyback would undoubtedly move the price. However, it does go to show that Alibaba shareholders can probably safely expect more buybacks in the future.</p><p>A lot of investors appear to be of the opinion that Alibaba has lost its growth permanently. The company&#39;s revenue growth was only 2% last quarter, the growth rates were similar in the two quarters prior to that. It may well be that Alibaba&#39;s growth will be slower in the future than it was in the past. Indeed, that probably will be the case in the China commerce segment, where Alibaba faces stiff competition from JD (JD) and PDD Holdings (PDD). The international segment is a different story. Last quarter, Alibaba&#39;s international commerce segment actually regained its high double digit growth, after several quarters of deceleration. In Q1, that segment grew at 29%, making it BABA&#39;s biggest growth driver in the period. If the international commerce segment keeps growing rapidly, then it will become an ever-larger share of the whole, potentially driving significant growth.</p><p>Now, that last point needs some clarification, as several of Alibaba&#39;s business units are about to be spun off. So far, we know that the Cloud, Freshippo and Cainiao will be spun off to shareholders. In other words, the organization &#39;Alibaba&#39; as we know it will eventually stop existing, being split up into multiple companies. However, the spin off process will take time; the cloud is the only segment with an IPO planned to occur in the next 12 months. So, it&#39;s still worth thinking about Alibaba&#39;s &#34;whole firm&#34; growth and profitability.</p><p>In this article I will explain why I bought Alibaba&#39;s most recent dip, in which it fell to $78. I&#39;ll explain the thought process behind my purchase at that level, and the reasons I was happy buying at that level even though I hadn&#39;t planned on buying more BABA before the crash. Finally I&#39;ll explain why I still think the stock is a decent value today, even though it has rallied 10.2% from the level at which I bought.</p><h2>Valuation</h2><p>The main thing Alibaba had going for it when I bought the dip at $78 was a cheap valuation. BABA is one of the cheapest large technology companies in the world. It does $25 billion in annual free cash flow, yet its market cap is just a little over $200 billion. It wouldn&#39;t even take 10 years for BABA to buy back its entire float if the stock price didn&#39;t change!</p><p>Of course, there are reasons why Alibaba stock is cheap. It&#39;s based in China, a country perceived to be risky due to U.S./China tensions. It has several competitors, which has impeded its domestic market growth in recent quarters. Finally, it took a $2.8 billion fine in 2021, as a result of China&#39;s tech crackdown, and some think that similar regulatory risks could present themselves in the future.</p><p>All of these risks result in BABA typically trading at a discount to its U.S.-based peers. At today&#39;s prices, the NASDAQ-100 index is at 23.72 times earnings. At the same time, Alibaba is trading at:</p><ul><li><p>10.74 times adjusted earnings.</p></li><li><p>21 times GAAP earnings.</p></li><li><p>1.75 times sales.</p></li><li><p>1.5 times book value.</p></li><li><p>7.4 times operating cash flow.</p></li><li><p>9.4 times free cash flow.</p></li></ul><p>Compared to U.S. tech stocks, Alibaba stock is quite cheap. In fact, going by some ratios, it&#39;s cheap compared to global stocks as a whole. The price/free cash flow ratio, for example, is low in absolute terms. Clearly, Alibaba stock is exposed to certain risks, but is it really so risky that it should trade at half the NASDAQ&#39;s earnings multiple indefinitely? In the next section, I&#39;ll explore some factors that can shed light on the matter.</p><h2>Competitive Position</h2><p>Leaving aside all of the geopolitical factors that I touched on previously, the main risk Alibaba faces today is heightened competition in the domestic Chinese market.</p><p>As mentioned previously, Alibaba faces competition in China from JD, PDD Holdings, and a few others. The number of large competitors hasn&#39;t changed much in the last few years, but one key factor has:</p><p><em>The regulatory environment.</em></p><p>As a result of China&#39;s 2021 tech crackdown, Alibaba can no longer have the &#34;choose one of two&#34; policy, which gave it an advantage over smaller competitors. It has to share links to <strong>Tencent</strong> (OTCPK:TCEHY) web domains and allow purchases via the WeChat app. It took a $2.8 billion fine for various anticompetitive practices. Basically, China is no longer allowing many practices that BABA once relied on to shore up its competitive position.</p><p>To be honest, it looks like there will be more competition in the China domestic market going forward. It&#39;s a different story in the international market. Alibaba&#39;s only true competitor internationally is PDD Holdings: JD is not actively selling in the U.S. or Europe. JD&#39;s international business is mostly focused on imports from non-Chinese markets to China. Shein is a partial competitor, but it only sells clothing, not the full gamut of goods you&#39;d find on Temu or AliExpress. In international markets, Alibaba faces competition from PDD and non-Chinese e-Commerce platforms. However, when you consider that the Chinese shopping apps are mainly focused on low priced goods and &#34;deep discounts,&#34; it&#39;s not clear that <strong>Amazon</strong> (NASDAQ:AMZN) or <strong>Shopify</strong> (SHOP) are competitors there. Alibaba&#39;s relationship with AMZN and SHOP is more complementary than competitive: drop shippers buy bulk goods on Alibaba and sell them at a markup on the U.S. platforms. This is very different from AliExpress and Temu. More to the point, Alibaba shares in the success of vendors selling Chinese goods on Amazon, rather than being harmed by them.</p><h2>Risks and Challenges</h2><p>As we&#39;ve seen, Alibaba is a very cheap tech stock with a pretty good competitive position. For my money, it&#39;s a buy-I certainly think it was a buy when I grabbed it at $78. Nevertheless, there are many risks and challenges for investors to watch out for here:</p><ul><li><p><strong>Mixed economic data from China.</strong> China has been releasing its April and May economic data over the last few weeks, and it has been mixed. On a positive note for Alibaba&#39;s domestic operations, retail sales grew 18.4% in April. On a negative note for Alibaba&#39;s international operations, exports fell 7.5% in May. It&#39;s hard to say what these figures mean for Alibaba&#39;s business as a whole. They&#39;d tend to argue that sales will come in pretty strong for Q2, but on the other hand, they might be a bearish signal for the company&#39;s international operations. Given the mixed nature of these signals, it would be wise to play it safe with Alibaba, sizing positions appropriately.</p></li><li><p><strong>Competition.</strong> Thanks to China&#39;s 2021 regulatory crackdown, Alibaba now faces more competition than ever before. It&#39;s not that the number of competitors has increased, but rather that BABA has fewer tools at its disposal to gain market share. &#34;Choose one of two&#34; is out, exclusivity in payment providers is out, and more. So, on the domestic front, Alibaba will have to fight harder to gain market share.</p></li><li><p><strong>U.S./China tensions.</strong> The U.S. and China are at odds over many issues, particularly the status of Taiwan. China wants to integrate Taiwan with itself, the U.S. wants Taiwan to remain de-facto independent. The tensions between the U.S. and China sometimes have economic consequences. For example, in 2020, then-U.S. President slapped tariffs on $300 billion worth of Chinese goods. More recently, the Biden administration banned the export of various types of chip equipment to China. There is a real risk that this kind of economic tension continues, and investors will want to keep an eye on it.</p></li></ul><p>The risks and challenges above are worth thinking about. Nevertheless, Alibaba is a pretty cheap stock with high margins and a decent competitive position. It&#39;s still a pretty good value in this author&#39;s opinion.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</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>Alibaba: Why I Bought The Last Dip</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\">\nAlibaba: Why I Bought The Last Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-08 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4610181-alibaba-why-i-bought-the-last-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba stock is cheap compared to U.S. tech stocks, with a market cap of just over $200 billion and $25 billion in annual free cash flow.BABA faces increased competition in the domestic ...</p>\n\n<a href=\"https://seekingalpha.com/article/4610181-alibaba-why-i-bought-the-last-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4565":"NFT概念","BABA":"阿里巴巴","LU0238689110.USD":"贝莱德环球动力股票基金","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4122":"互联网与直销零售","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4507":"流媒体概念","BK4116":"互联网服务与基础架构","IE0008368742.USD":"首域中国增长基金I Acc","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4558":"双十一","BK4509":"腾讯概念","BK4575":"芯片概念","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","BK4501":"段永平概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","09988":"阿里巴巴-W","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK4588":"碎股","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4504":"桥水持仓","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","BK4581":"高盛持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD"},"source_url":"https://seekingalpha.com/article/4610181-alibaba-why-i-bought-the-last-dip","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2341351225","content_text":"SummaryAlibaba stock is cheap compared to U.S. tech stocks, with a market cap of just over $200 billion and $25 billion in annual free cash flow.BABA faces increased competition in the domestic Chinese market due to regulatory changes, but its international commerce segment continues to grow rapidly.Risks for Alibaba include mixed economic data from China, heightened competition, and ongoing U.S./China tensions.Jack MaAlibaba Group Holding (NYSE:BABA) is a stock I've covered for a long time on Seeking Alpha. I haven't been covering it as much lately as I did in the past, because I've said most of what I wanted to say about the company. However, I did add to my BABA position on the stock's most recent dip, as I thought that it had gotten too cheap when it fell to $78.Today, Alibaba is doing $25 billion in annual free cash flow. It has $75 billion in cash and short term investments. As I wrote in a recent Tweet, the combined amount is enough to buy back more than half the float in three years, if the stock price doesn't change. The point is academic, because such a large buyback would undoubtedly move the price. However, it does go to show that Alibaba shareholders can probably safely expect more buybacks in the future.A lot of investors appear to be of the opinion that Alibaba has lost its growth permanently. The company's revenue growth was only 2% last quarter, the growth rates were similar in the two quarters prior to that. It may well be that Alibaba's growth will be slower in the future than it was in the past. Indeed, that probably will be the case in the China commerce segment, where Alibaba faces stiff competition from JD (JD) and PDD Holdings (PDD). The international segment is a different story. Last quarter, Alibaba's international commerce segment actually regained its high double digit growth, after several quarters of deceleration. In Q1, that segment grew at 29%, making it BABA's biggest growth driver in the period. If the international commerce segment keeps growing rapidly, then it will become an ever-larger share of the whole, potentially driving significant growth.Now, that last point needs some clarification, as several of Alibaba's business units are about to be spun off. So far, we know that the Cloud, Freshippo and Cainiao will be spun off to shareholders. In other words, the organization 'Alibaba' as we know it will eventually stop existing, being split up into multiple companies. However, the spin off process will take time; the cloud is the only segment with an IPO planned to occur in the next 12 months. So, it's still worth thinking about Alibaba's \"whole firm\" growth and profitability.In this article I will explain why I bought Alibaba's most recent dip, in which it fell to $78. I'll explain the thought process behind my purchase at that level, and the reasons I was happy buying at that level even though I hadn't planned on buying more BABA before the crash. Finally I'll explain why I still think the stock is a decent value today, even though it has rallied 10.2% from the level at which I bought.ValuationThe main thing Alibaba had going for it when I bought the dip at $78 was a cheap valuation. BABA is one of the cheapest large technology companies in the world. It does $25 billion in annual free cash flow, yet its market cap is just a little over $200 billion. It wouldn't even take 10 years for BABA to buy back its entire float if the stock price didn't change!Of course, there are reasons why Alibaba stock is cheap. It's based in China, a country perceived to be risky due to U.S./China tensions. It has several competitors, which has impeded its domestic market growth in recent quarters. Finally, it took a $2.8 billion fine in 2021, as a result of China's tech crackdown, and some think that similar regulatory risks could present themselves in the future.All of these risks result in BABA typically trading at a discount to its U.S.-based peers. At today's prices, the NASDAQ-100 index is at 23.72 times earnings. At the same time, Alibaba is trading at:10.74 times adjusted earnings.21 times GAAP earnings.1.75 times sales.1.5 times book value.7.4 times operating cash flow.9.4 times free cash flow.Compared to U.S. tech stocks, Alibaba stock is quite cheap. In fact, going by some ratios, it's cheap compared to global stocks as a whole. The price/free cash flow ratio, for example, is low in absolute terms. Clearly, Alibaba stock is exposed to certain risks, but is it really so risky that it should trade at half the NASDAQ's earnings multiple indefinitely? In the next section, I'll explore some factors that can shed light on the matter.Competitive PositionLeaving aside all of the geopolitical factors that I touched on previously, the main risk Alibaba faces today is heightened competition in the domestic Chinese market.As mentioned previously, Alibaba faces competition in China from JD, PDD Holdings, and a few others. The number of large competitors hasn't changed much in the last few years, but one key factor has:The regulatory environment.As a result of China's 2021 tech crackdown, Alibaba can no longer have the \"choose one of two\" policy, which gave it an advantage over smaller competitors. It has to share links to Tencent (OTCPK:TCEHY) web domains and allow purchases via the WeChat app. It took a $2.8 billion fine for various anticompetitive practices. Basically, China is no longer allowing many practices that BABA once relied on to shore up its competitive position.To be honest, it looks like there will be more competition in the China domestic market going forward. It's a different story in the international market. Alibaba's only true competitor internationally is PDD Holdings: JD is not actively selling in the U.S. or Europe. JD's international business is mostly focused on imports from non-Chinese markets to China. Shein is a partial competitor, but it only sells clothing, not the full gamut of goods you'd find on Temu or AliExpress. In international markets, Alibaba faces competition from PDD and non-Chinese e-Commerce platforms. However, when you consider that the Chinese shopping apps are mainly focused on low priced goods and \"deep discounts,\" it's not clear that Amazon (NASDAQ:AMZN) or Shopify (SHOP) are competitors there. Alibaba's relationship with AMZN and SHOP is more complementary than competitive: drop shippers buy bulk goods on Alibaba and sell them at a markup on the U.S. platforms. This is very different from AliExpress and Temu. More to the point, Alibaba shares in the success of vendors selling Chinese goods on Amazon, rather than being harmed by them.Risks and ChallengesAs we've seen, Alibaba is a very cheap tech stock with a pretty good competitive position. For my money, it's a buy-I certainly think it was a buy when I grabbed it at $78. Nevertheless, there are many risks and challenges for investors to watch out for here:Mixed economic data from China. China has been releasing its April and May economic data over the last few weeks, and it has been mixed. On a positive note for Alibaba's domestic operations, retail sales grew 18.4% in April. On a negative note for Alibaba's international operations, exports fell 7.5% in May. It's hard to say what these figures mean for Alibaba's business as a whole. They'd tend to argue that sales will come in pretty strong for Q2, but on the other hand, they might be a bearish signal for the company's international operations. Given the mixed nature of these signals, it would be wise to play it safe with Alibaba, sizing positions appropriately.Competition. Thanks to China's 2021 regulatory crackdown, Alibaba now faces more competition than ever before. It's not that the number of competitors has increased, but rather that BABA has fewer tools at its disposal to gain market share. \"Choose one of two\" is out, exclusivity in payment providers is out, and more. So, on the domestic front, Alibaba will have to fight harder to gain market share.U.S./China tensions. The U.S. and China are at odds over many issues, particularly the status of Taiwan. China wants to integrate Taiwan with itself, the U.S. wants Taiwan to remain de-facto independent. The tensions between the U.S. and China sometimes have economic consequences. For example, in 2020, then-U.S. President slapped tariffs on $300 billion worth of Chinese goods. More recently, the Biden administration banned the export of various types of chip equipment to China. There is a real risk that this kind of economic tension continues, and investors will want to keep an eye on it.The risks and challenges above are worth thinking about. Nevertheless, Alibaba is a pretty cheap stock with high margins and a decent competitive position. It's still a pretty good value in this author's opinion.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184116252553360,"gmtCreate":1685974101642,"gmtModify":1685975071343,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"No&nbsp;[LOL]&nbsp;[LOL]&nbsp;[LOL]&nbsp;good luck losing money with this shit stock lol.&nbsp;","listText":"No&nbsp;[LOL]&nbsp;[LOL]&nbsp;[LOL]&nbsp;good luck losing money with this shit stock lol.&nbsp;","text":"No [LOL] [LOL] [LOL] good luck losing money with this shit stock lol.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184116252553360","repostId":"2341040026","repostType":4,"repost":{"id":"2341040026","pubTimestamp":1685969325,"share":"https://ttm.financial/m/news/2341040026?lang=&edition=fundamental","pubTime":"2023-06-05 20:48","market":"us","language":"en","title":"Alibaba Stock: A Screaming Buy At <9x P/FCF","url":"https://stock-news.laohu8.com/highlight/detail?id=2341040026","media":"Seeking Alpha","summary":"SummaryAfter yet another post-ER drop, Alibaba's stock is now as cheap as it was back at the October","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>After yet another post-ER drop, Alibaba&#39;s stock is now as cheap as it was back at the October 2022 lows based on its P/FCF multiple of ~8-9x.</p></li><li><p>With China&#39;s economic re-opening not going according to plan so far, Chinese government is expected to provide further economic stimulus in the near future.</p></li><li><p>Despite sluggish sales growth, Alibaba&#39;s business trends are improving rapidly, with TTM free cash flow rebounding back up to $25B+ in Q4 FY2023.</p></li><li><p>In this note, we shall briefly review Alibaba&#39;s Q4 FY2023 report, determine its fair value &amp; expected returns, analyze its technical chart, and discuss its quant factor grades.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ea61a419989cf20092ca7908a6f7f93\" alt=\"Andrew Burton\" title=\"Andrew Burton\" tg-width=\"750\" tg-height=\"500\"/><span>Andrew Burton</span></p><h2>Introduction</h2><p>Towards the fag end of last week, Alibaba Group Holding Limited (NYSE:BABA) stock caught a bid and jumped up ~6% in the last couple of trading sessions on the back of news/rumor of a fresh economic stimulus from the Chinese government.</p><p>As you may know, China&#39;s economic re-opening has failed to live up to investor expectations so far. With economic growth recovery looking sluggish, the surge in Chinese equities off of October lows has reversed to a great extent in recent months. Despite reporting solid financial results for Q4 FY2023, Alibaba&#39;s trading multiple has dropped back down to ~8-9x P/FCF (~6-7x EV/FCF), levels last seen in October 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4884666e9b97e7d41a0642c25e733dd\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"433\"/><span>Data by YCharts</span></p><p>While BABA is well off of its recent lows, the stock is just as cheap as it was back at those lows in October 2022. At ~$85 per share, Alibaba currently has a market capitalization of about $218B. If we back out BABA&#39;s net cash position of $58B, we get to an enterprise value of $160B for Alibaba. Considering Alibaba&#39;s TTM free cash flow of ~$25B (figure quoted from Alibaba&#39;s Q4 FY2023 financial report), BABA is trading at a depressed EV/FCF multiple of ~6-7x and a P/FCF multiple of ~8-9x.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5905d3d37193c8bd7eebfba8b7badc4f\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"478\"/><span>Data by YCharts</span></p><p>In recent quarters, we have noted positive trends across multiple business segments within Alibaba, and the Chinese tech giant looks all set to re-accelerate revenue growth in the near future. More importantly, Alibaba&#39;s free cash flow generation has rebounded spectacularly over the last year or so, and its stock is still dirt cheap due to overblown fears around the Chinese economy and geopolitical tensions with the US. Furthermore, management is using Alibaba&#39;s free cash flows to fund aggressive stock buybacks, and given BABA&#39;s depressed valuations, I think Alibaba&#39;s capital return program has the potential to generate massive shareholder returns over the next few years.</p><p>In this note, we will take a look at Alibaba&#39;s pre-earnings estimates and actual performance in Q4 FY2023. Additionally, we will discuss key business metrics for BABA and review its valuation, technicals, and quant factor grades to see if it is a good buy at current levels.</p><h2>What Were Alibaba&#39;s Expected Earnings? Did It Beat Earnings?</h2><p>Going into Q4 FY2023 (March 2023) earnings report, Alibaba was projected to record revenues and Normalized EPS of $30.1B and $1.36, respectively. According to Seeking Alpha and several other financial news sites, BABA missed the top line and beat the bottom line estimates.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ec691e519f2216e27a3a233d223df7b\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"263\"/><span>Seeking Alpha</span></p><p>However, Alibaba&#39;s earnings release pegged Q4 FY2023 revenue at $30.31B, which would imply a beat on both top and bottom-line estimates.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55b0242903dd921999b7cbe5b621c6c5\" alt=\"Alibaba Q4 FY2023 Earnings Release\" title=\"Alibaba Q4 FY2023 Earnings Release\" tg-width=\"640\" tg-height=\"535\"/><span>Alibaba Q4 FY2023 Earnings Release</span></p><p>Now, the discrepancy in these numbers is a direct result of different sites using different currency conversion ratios. To avoid any confusion, investors could simply look at Alibaba&#39;s figures in the local currency, i.e., RMB. As you can see above, Alibaba&#39;s revenue was up 2% y/y to RMB 208.2B (not down 2% y/y, as shown by the USD figures on SA).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a724a94bd23ba96b6c40892fba81919\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"544\"/><span>Seeking Alpha</span></p><p>While Alibaba&#39;s business continues to struggle for growth in a tough macroeconomic environment, (local currency) revenue growth returning to positive territory in Q3 FY2023 and staying in positive territory in Q4 FY2023 (after several quarters of negative growth rates) marks a vital shift in business trends at Alibaba. Now, let&#39;s dig a little deeper into Alibaba&#39;s quarterly results.</p><h2>BABA Stock Key Metrics</h2><p>In Q4 FY2023, Alibaba&#39;s consolidated revenues grew by a meager +2% y/y in constant currency, with robust growth in International Commerce (+29% y/y), Local Consumer Services (+17% y/y), and Cainiao (+18% y/y) getting offset by weakness in China commerce (-3% y/y) and Cloud (-2% y/y) businesses.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d537a50f3922fad1b517a72a1a9306b4\" alt=\"Alibaba Q4 FY2023 Earnings Presentation\" title=\"Alibaba Q4 FY2023 Earnings Presentation\" tg-width=\"640\" tg-height=\"256\"/><span>Alibaba Q4 FY2023 Earnings Presentation</span></p><p>Now, I understand that Alibaba&#39;s current sales growth is uninspiring; however, BABA&#39;s management is making tremendous progress on the margin (profitability) front by optimizing costs across their business. In Q4 FY2023, BABA&#39;s adj. EBITA margin improved by 400 bps to 12% from a year-ago period. And this margin improvement, in combination with positive sales growth, is driving Alibaba&#39;s free cash flows higher.</p><p>In Q4 FY2023, Alibaba produced $4.7B in free cash flow. And Alibaba&#39;s TTM FCF now stands at ~$25B. With cash flows rebounding rapidly, Alibaba&#39;s management is performing aggressive stock buybacks (~$1.84B in Q4 FY2023) and improving its fortress-like balance sheet, with net cash balance rising to $58B by the end of Q4 FY2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a01a685b3b52f93cc91c30a3d5297b3\" alt=\"Alibaba Q4 FY2023 Earnings Presentation\" title=\"Alibaba Q4 FY2023 Earnings Presentation\" tg-width=\"640\" tg-height=\"185\"/><span>Alibaba Q4 FY2023 Earnings Presentation</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/faee0d30cc657cb7b6ca7c19d6eb7f52\" alt=\"Alibaba Q4 FY2023 Earnings Presentation\" title=\"Alibaba Q4 FY2023 Earnings Presentation\" tg-width=\"640\" tg-height=\"179\"/><span>Alibaba Q4 FY2023 Earnings Presentation</span></p><p>During recent earnings conference calls, Alibaba&#39;s leadership has highlighted its efforts to unlock shareholder value, and this talk has been followed up via actions such as aggressive stock repurchases, cost optimizations, and business re-organization into several independent units.</p><p>Here are some key remarks from the Q4 FY2023 earnings release:</p><blockquote>In an increasingly complex world, we have proactively transformed our organization to strengthen the competitiveness of our businesses through greater independence to address the evolving needs of different customers and capture new opportunities. <strong>We are taking concrete steps towards unlocking value from our businesses</strong> and are pleased to announce that our board has approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to shareholders, with intention for it to become an independent publicly listed company. - Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group We have established a capital management committee at the Alibaba board level to undertake a comprehensive capital management plan to enhance shareholder value. <strong>Alibaba is committed to improving shareholders return through the implementation of a robust capital allocation framework.</strong> We are delighted to share that our board has approved the process to start external financing for Alibaba International Digital Commerce Business Group; exploration of IPO for Cainiao Smart Logistics Group; and execution of IPO for Freshippo. - Toby Xu, Chief Financial Officer of Alibaba Group</blockquote><p>Clearly, Alibaba&#39;s management remains committed to its promise of unlocking shareholder value. On the back of an economic re-opening [after the end of draconian zero-COVID policies] and fresh monetary stimulus from PBOC, China&#39;s economic growth is projected to recover in coming quarters, with the International Monetary Fund projecting China&#39;s GDP growth to reach +5.2% in 2023. As the macroeconomic backdrop improves in China, Alibaba&#39;s improving business trends could get even better in the near future.</p><p>According to consensus analyst estimates, Alibaba is set to record $133.5B in revenue over the next twelve months (FY2024) and then deliver high-single-digit revenue growth in FY2025 and FY2026.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe64c06f5035a76fb32d08acde328cc\" alt=\"Alibaba Revenue Estimates (SeekingAlpha)\" title=\"Alibaba Revenue Estimates (SeekingAlpha)\" tg-width=\"640\" tg-height=\"193\"/><span>Alibaba Revenue Estimates (SeekingAlpha)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b452542dbc6e1b01c66910062884bdbd\" alt=\"Alibaba Earnings Estimates (SeekingAlpha)\" title=\"Alibaba Earnings Estimates (SeekingAlpha)\" tg-width=\"640\" tg-height=\"193\"/><span>Alibaba Earnings Estimates (SeekingAlpha)</span></p><p>As I see it, Alibaba is a fundamentally-sound business that is set to be a massive beneficiary from China&#39;s economic re-opening and any fresh stimulus from the government!</p><h2>What To Expect After Earnings?</h2><p>Before last week&#39;s bounce, Alibaba&#39;s stock had declined by ~15% in the aftermath of its Q4 FY2023 earnings release in pre-market hours on 18th May 2023. This latest post-ER sell-off saw BABA test a key support level at $77-78 in recent trading sessions. As you can see, Alibaba stock held this level and bounced up ~6% in the last couple of trading sessions.</p><p>Now, if the stock manages to break out of the descending triangle [marked in purple on the chart below] to the upside (&gt;$90), I see Alibaba stock rallying up to the $120 level (top end of its Stage-I base formation) in quick order. Furthermore, an upside breakout above $120 would represent a qualified &#34;Inverse Head &amp; Shoulders&#34; pattern, and the price objective for this formation is roughly $180.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9327476fe7137cf114e2d290401c893c\" alt=\"Alibaba Stock Chart (6/2/2023) (WeBull Desktop)\" title=\"Alibaba Stock Chart (6/2/2023) (WeBull Desktop)\" tg-width=\"640\" tg-height=\"462\"/><span>Alibaba Stock Chart (6/2/2023) (WeBull Desktop)</span></p><p>On the flip side, if Alibaba&#39;s stock reverses again and fails to hold the $77-78 level, the stock will likely break down back to the lower end of its Stage-I base at ~$70.</p><p>In my view, the near to medium-term risk/reward based on technicals is skewed to the upside, and the setup is highly favorable for investors/traders looking to go long BABA at current levels.</p><p>Now, let&#39;s take a look at Alibaba&#39;s quant factor grades.</p><p>Since my last update (three months ago), BABA&#39;s Quant Rating score has improved from 3.45/5 to 4.67/5. This improvement has been driven by a positive upgrade in &#34;Momentum&#34; [C to C+] and &#34;Growth&#34; [D to C], partially offset by a negative downgrade in &#34;Revisions&#34; [B+ to C+].</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad6295d53e0f8b813bf388645a612bca\" alt=\"Alibaba Quant Factor Grades (SeekingAlpha)\" title=\"Alibaba Quant Factor Grades (SeekingAlpha)\" tg-width=\"357\" tg-height=\"487\"/><span>Alibaba Quant Factor Grades (SeekingAlpha)</span></p><p>Over three months, Alibaba&#39;s &#34;Profitability&#34; and &#34;Valuation&#34; quant factor grades have held up at &#34;A+&#34; and &#34;C+&#34;, respectively. While I agree with most of these grades, I think BABA&#39;s valuation is very attractive, and this grade could easily climb up to an &#34;A&#34; or &#34;A+&#34; in upcoming quarters.</p><p>As of writing, Alibaba is a &#34;Strong Buy&#34; based on SA&#39;s Quant Rating System. Furthermore, Seeking Alpha and Wall Street analysts are in agreement with my bullish outlook for Alibaba.</p><h2>Concluding Thoughts: Is BABA Stock A Buy, Sell, or Hold?</h2><p>After yet another post-ER pullback, Alibaba&#39;s stock is sitting at a key support level. While Alibaba is struggling to find revenue growth amid economic doldrums in China, BABA&#39;s management has made several shareholder-friendly moves in recent months, including cost optimization efforts across the business (improving profitability and cash flow generation), enhancement of Alibaba&#39;s capital return program, and business reorganization (breakup into six different units announced in Q1). In my view, all of these moves are set to power a recovery in Alibaba&#39;s stock over the coming 12-18 months, with the stock currently trading at a depressed EV/FCF multiple of just ~6-7x.</p><p><strong>Here are my fair value and expected return estimates for Alibaba:</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d7c1fd91b3c674156cab34af6d3b967\" alt=\"TQI Valuation Model (TQIG.org)\" title=\"TQI Valuation Model (TQIG.org)\" tg-width=\"640\" tg-height=\"574\"/><span>TQI Valuation Model (TQIG.org)</span></p><p>As you can see above, Alibaba is worth ~$178.5 per share or $462B, i.e., it is currently undervalued by more than ~50%.</p><p>Assuming a conservative exit multiple of ~15x P/FCF (a &#34;China&#34; discount is embedded into this assumption), Alibaba&#39;s stock could be trading at ~$430 five years from now (by 2028). This price target implies a 5-yr CAGR return of ~38.6% from current levels.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b7b75465f4c112f50221dbaf37af58c\" alt=\"TQI Valuation Model (TQIG.org)\" title=\"TQI Valuation Model (TQIG.org)\" tg-width=\"640\" tg-height=\"321\"/><span>TQI Valuation Model (TQIG.org)</span></p><p>Considering the asymmetric risk/reward on offer, I continue to view Alibaba as an incredible investment opportunity! Today, investing in Chinese equities is probably riskier than in most other foreign markets due to heightened geopolitical tensions with the US and economic problems within China. However, in Alibaba, investors are being handsomely compensated for taking on this risk. At ~8-9x P/FCF (~6-7x EV/FCF), Alibaba is a no-brainer buy.</p><p><strong>Key Takeaway:</strong> I rate Alibaba a &#34;Strong Buy&#34; in the $80s.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</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>Alibaba Stock: A Screaming Buy At <9x P/FCF</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\">\nAlibaba Stock: A Screaming Buy At <9x P/FCF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-05 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4609414-alibaba-is-baba-stock-buy-after-earnings><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAfter yet another post-ER drop, Alibaba's stock is now as cheap as it was back at the October 2022 lows based on its P/FCF multiple of ~8-9x.With China's economic re-opening not going according...</p>\n\n<a href=\"https://seekingalpha.com/article/4609414-alibaba-is-baba-stock-buy-after-earnings\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","LU0651946864.USD":"贝莱德新兴市场股票收益A2","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","09988":"阿里巴巴-W","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BK4211":"区域性银行","BK4575":"芯片概念","BK4587":"ChatGPT概念","BK4220":"综合零售","BK4535":"淡马锡持仓","BK4524":"宅经济概念","LU0821914370.USD":"贝莱德亚洲成长领袖A2","BK4538":"云计算","BK4527":"明星科技股","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4579":"人工智能","BK4526":"热门中概股","BABA":"阿里巴巴","BK4588":"碎股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4502":"阿里概念","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H"},"source_url":"https://seekingalpha.com/article/4609414-alibaba-is-baba-stock-buy-after-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2341040026","content_text":"SummaryAfter yet another post-ER drop, Alibaba's stock is now as cheap as it was back at the October 2022 lows based on its P/FCF multiple of ~8-9x.With China's economic re-opening not going according to plan so far, Chinese government is expected to provide further economic stimulus in the near future.Despite sluggish sales growth, Alibaba's business trends are improving rapidly, with TTM free cash flow rebounding back up to $25B+ in Q4 FY2023.In this note, we shall briefly review Alibaba's Q4 FY2023 report, determine its fair value & expected returns, analyze its technical chart, and discuss its quant factor grades.Andrew BurtonIntroductionTowards the fag end of last week, Alibaba Group Holding Limited (NYSE:BABA) stock caught a bid and jumped up ~6% in the last couple of trading sessions on the back of news/rumor of a fresh economic stimulus from the Chinese government.As you may know, China's economic re-opening has failed to live up to investor expectations so far. With economic growth recovery looking sluggish, the surge in Chinese equities off of October lows has reversed to a great extent in recent months. Despite reporting solid financial results for Q4 FY2023, Alibaba's trading multiple has dropped back down to ~8-9x P/FCF (~6-7x EV/FCF), levels last seen in October 2022.Data by YChartsWhile BABA is well off of its recent lows, the stock is just as cheap as it was back at those lows in October 2022. At ~$85 per share, Alibaba currently has a market capitalization of about $218B. If we back out BABA's net cash position of $58B, we get to an enterprise value of $160B for Alibaba. Considering Alibaba's TTM free cash flow of ~$25B (figure quoted from Alibaba's Q4 FY2023 financial report), BABA is trading at a depressed EV/FCF multiple of ~6-7x and a P/FCF multiple of ~8-9x.Data by YChartsIn recent quarters, we have noted positive trends across multiple business segments within Alibaba, and the Chinese tech giant looks all set to re-accelerate revenue growth in the near future. More importantly, Alibaba's free cash flow generation has rebounded spectacularly over the last year or so, and its stock is still dirt cheap due to overblown fears around the Chinese economy and geopolitical tensions with the US. Furthermore, management is using Alibaba's free cash flows to fund aggressive stock buybacks, and given BABA's depressed valuations, I think Alibaba's capital return program has the potential to generate massive shareholder returns over the next few years.In this note, we will take a look at Alibaba's pre-earnings estimates and actual performance in Q4 FY2023. Additionally, we will discuss key business metrics for BABA and review its valuation, technicals, and quant factor grades to see if it is a good buy at current levels.What Were Alibaba's Expected Earnings? Did It Beat Earnings?Going into Q4 FY2023 (March 2023) earnings report, Alibaba was projected to record revenues and Normalized EPS of $30.1B and $1.36, respectively. According to Seeking Alpha and several other financial news sites, BABA missed the top line and beat the bottom line estimates.Seeking AlphaHowever, Alibaba's earnings release pegged Q4 FY2023 revenue at $30.31B, which would imply a beat on both top and bottom-line estimates.Alibaba Q4 FY2023 Earnings ReleaseNow, the discrepancy in these numbers is a direct result of different sites using different currency conversion ratios. To avoid any confusion, investors could simply look at Alibaba's figures in the local currency, i.e., RMB. As you can see above, Alibaba's revenue was up 2% y/y to RMB 208.2B (not down 2% y/y, as shown by the USD figures on SA).Seeking AlphaWhile Alibaba's business continues to struggle for growth in a tough macroeconomic environment, (local currency) revenue growth returning to positive territory in Q3 FY2023 and staying in positive territory in Q4 FY2023 (after several quarters of negative growth rates) marks a vital shift in business trends at Alibaba. Now, let's dig a little deeper into Alibaba's quarterly results.BABA Stock Key MetricsIn Q4 FY2023, Alibaba's consolidated revenues grew by a meager +2% y/y in constant currency, with robust growth in International Commerce (+29% y/y), Local Consumer Services (+17% y/y), and Cainiao (+18% y/y) getting offset by weakness in China commerce (-3% y/y) and Cloud (-2% y/y) businesses.Alibaba Q4 FY2023 Earnings PresentationNow, I understand that Alibaba's current sales growth is uninspiring; however, BABA's management is making tremendous progress on the margin (profitability) front by optimizing costs across their business. In Q4 FY2023, BABA's adj. EBITA margin improved by 400 bps to 12% from a year-ago period. And this margin improvement, in combination with positive sales growth, is driving Alibaba's free cash flows higher.In Q4 FY2023, Alibaba produced $4.7B in free cash flow. And Alibaba's TTM FCF now stands at ~$25B. With cash flows rebounding rapidly, Alibaba's management is performing aggressive stock buybacks (~$1.84B in Q4 FY2023) and improving its fortress-like balance sheet, with net cash balance rising to $58B by the end of Q4 FY2023.Alibaba Q4 FY2023 Earnings PresentationAlibaba Q4 FY2023 Earnings PresentationDuring recent earnings conference calls, Alibaba's leadership has highlighted its efforts to unlock shareholder value, and this talk has been followed up via actions such as aggressive stock repurchases, cost optimizations, and business re-organization into several independent units.Here are some key remarks from the Q4 FY2023 earnings release:In an increasingly complex world, we have proactively transformed our organization to strengthen the competitiveness of our businesses through greater independence to address the evolving needs of different customers and capture new opportunities. We are taking concrete steps towards unlocking value from our businesses and are pleased to announce that our board has approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to shareholders, with intention for it to become an independent publicly listed company. - Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group We have established a capital management committee at the Alibaba board level to undertake a comprehensive capital management plan to enhance shareholder value. Alibaba is committed to improving shareholders return through the implementation of a robust capital allocation framework. We are delighted to share that our board has approved the process to start external financing for Alibaba International Digital Commerce Business Group; exploration of IPO for Cainiao Smart Logistics Group; and execution of IPO for Freshippo. - Toby Xu, Chief Financial Officer of Alibaba GroupClearly, Alibaba's management remains committed to its promise of unlocking shareholder value. On the back of an economic re-opening [after the end of draconian zero-COVID policies] and fresh monetary stimulus from PBOC, China's economic growth is projected to recover in coming quarters, with the International Monetary Fund projecting China's GDP growth to reach +5.2% in 2023. As the macroeconomic backdrop improves in China, Alibaba's improving business trends could get even better in the near future.According to consensus analyst estimates, Alibaba is set to record $133.5B in revenue over the next twelve months (FY2024) and then deliver high-single-digit revenue growth in FY2025 and FY2026.Alibaba Revenue Estimates (SeekingAlpha)Alibaba Earnings Estimates (SeekingAlpha)As I see it, Alibaba is a fundamentally-sound business that is set to be a massive beneficiary from China's economic re-opening and any fresh stimulus from the government!What To Expect After Earnings?Before last week's bounce, Alibaba's stock had declined by ~15% in the aftermath of its Q4 FY2023 earnings release in pre-market hours on 18th May 2023. This latest post-ER sell-off saw BABA test a key support level at $77-78 in recent trading sessions. As you can see, Alibaba stock held this level and bounced up ~6% in the last couple of trading sessions.Now, if the stock manages to break out of the descending triangle [marked in purple on the chart below] to the upside (>$90), I see Alibaba stock rallying up to the $120 level (top end of its Stage-I base formation) in quick order. Furthermore, an upside breakout above $120 would represent a qualified \"Inverse Head & Shoulders\" pattern, and the price objective for this formation is roughly $180.Alibaba Stock Chart (6/2/2023) (WeBull Desktop)On the flip side, if Alibaba's stock reverses again and fails to hold the $77-78 level, the stock will likely break down back to the lower end of its Stage-I base at ~$70.In my view, the near to medium-term risk/reward based on technicals is skewed to the upside, and the setup is highly favorable for investors/traders looking to go long BABA at current levels.Now, let's take a look at Alibaba's quant factor grades.Since my last update (three months ago), BABA's Quant Rating score has improved from 3.45/5 to 4.67/5. This improvement has been driven by a positive upgrade in \"Momentum\" [C to C+] and \"Growth\" [D to C], partially offset by a negative downgrade in \"Revisions\" [B+ to C+].Alibaba Quant Factor Grades (SeekingAlpha)Over three months, Alibaba's \"Profitability\" and \"Valuation\" quant factor grades have held up at \"A+\" and \"C+\", respectively. While I agree with most of these grades, I think BABA's valuation is very attractive, and this grade could easily climb up to an \"A\" or \"A+\" in upcoming quarters.As of writing, Alibaba is a \"Strong Buy\" based on SA's Quant Rating System. Furthermore, Seeking Alpha and Wall Street analysts are in agreement with my bullish outlook for Alibaba.Concluding Thoughts: Is BABA Stock A Buy, Sell, or Hold?After yet another post-ER pullback, Alibaba's stock is sitting at a key support level. While Alibaba is struggling to find revenue growth amid economic doldrums in China, BABA's management has made several shareholder-friendly moves in recent months, including cost optimization efforts across the business (improving profitability and cash flow generation), enhancement of Alibaba's capital return program, and business reorganization (breakup into six different units announced in Q1). In my view, all of these moves are set to power a recovery in Alibaba's stock over the coming 12-18 months, with the stock currently trading at a depressed EV/FCF multiple of just ~6-7x.Here are my fair value and expected return estimates for Alibaba:TQI Valuation Model (TQIG.org)As you can see above, Alibaba is worth ~$178.5 per share or $462B, i.e., it is currently undervalued by more than ~50%.Assuming a conservative exit multiple of ~15x P/FCF (a \"China\" discount is embedded into this assumption), Alibaba's stock could be trading at ~$430 five years from now (by 2028). This price target implies a 5-yr CAGR return of ~38.6% from current levels.TQI Valuation Model (TQIG.org)Considering the asymmetric risk/reward on offer, I continue to view Alibaba as an incredible investment opportunity! Today, investing in Chinese equities is probably riskier than in most other foreign markets due to heightened geopolitical tensions with the US and economic problems within China. However, in Alibaba, investors are being handsomely compensated for taking on this risk. At ~8-9x P/FCF (~6-7x EV/FCF), Alibaba is a no-brainer buy.Key Takeaway: I rate Alibaba a \"Strong Buy\" in the $80s.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970932422,"gmtCreate":1683801198867,"gmtModify":1683801202868,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Because singapore stocks cui.&nbsp;","listText":"Because singapore stocks cui.&nbsp;","text":"Because singapore stocks cui.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970932422","repostId":"1175657449","repostType":4,"repost":{"id":"1175657449","pubTimestamp":1683798827,"share":"https://ttm.financial/m/news/1175657449?lang=&edition=fundamental","pubTime":"2023-05-11 17:53","market":"sg","language":"en","title":"Singapore Stocks End Lower on Thursday Despite Wall Street Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1175657449","media":"The Business Times","summary":"Singapore stocks ended lower on Thursday (May 11), even as Wall Street stocks were largely up due to","content":"<div>\n<p>Singapore stocks ended lower on Thursday (May 11), even as Wall Street stocks were largely up due to softer inflation figures in the United States.The Straits Times Index (STI) fell 0.4 percent or ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-lower-thursday-despite-wall-street-gains\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","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>Singapore Stocks End Lower on Thursday Despite Wall Street Gains</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks End Lower on Thursday Despite Wall Street Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-11 17:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-lower-thursday-despite-wall-street-gains><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore stocks ended lower on Thursday (May 11), even as Wall Street stocks were largely up due to softer inflation figures in the United States.The Straits Times Index (STI) fell 0.4 percent or ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-lower-thursday-despite-wall-street-gains\">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://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-lower-thursday-despite-wall-street-gains","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175657449","content_text":"Singapore stocks ended lower on Thursday (May 11), even as Wall Street stocks were largely up due to softer inflation figures in the United States.The Straits Times Index (STI) fell 0.4 percent or 12.74 points to 3,229.55. Losers outnumbered gainers 287 to 246, after 1.5 billion securities worth S$1 billion changed hands.Kelvin Wong, Asia-Pacific senior market analyst at Oanda, noted that the latest set of inflationary data in the US has raised the expectations of a pause in the Fed funds rate at 5 to 5.25 percent.The headline US consumer price index (CPI) has continued to slow down further, at a 4.9 percent year-on-year growth from 5 percent in March.But Wong noted that headline US CPI inflationary growth may make an uptick in the coming months, given that the current data on US sticky-price inflation growth is still elevated, and the heightened risk of an increase in global food prices.“We cannot rule out that too much optimism is being priced at this juncture in advocating for an interest rate-cutting Fed pivot in the second half of 2023,” he said.Regional indices were mixed at the close. The Hang Seng Index slipped 0.1 percent, the Kospi Composite Index fell 0.2 percent, and the FTSE Bursa Malaysia KLCI Index fell 0.04 percent. Meanwhile, the Nikkei 225 inched up 0.02 percent.In Singapore, the top gainer on the STI was Genting Singapore, which rose 1.8 percent or S$0.02 to S$1.12.The top decliner was Frasers Logistics and Commercial Trust, which fell 3 percent or S$0.04 to S$1.28.The trio of local banks ended lower on Thursday. DBS fell 1.7 percent or S$0.52 to S$31.10, OCBC lost 0.2 percent or S$0.02 to S$12.30, and UOB declined 0.5 percent or S$0.14 to S$27.98.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951303847,"gmtCreate":1673393300390,"gmtModify":1676538828913,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Market bottoming soon already. Standby to enter","listText":"Market bottoming soon already. Standby to enter","text":"Market bottoming soon already. Standby to enter","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9951303847","repostId":"2302011823","repostType":4,"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980128456,"gmtCreate":1665679955576,"gmtModify":1676537648316,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Wait, thats all? When the market crashes you have so much to write and when it goes up these are what we see?","listText":"Wait, thats all? When the market crashes you have so much to write and when it goes up these are what we see?","text":"Wait, thats all? When the market crashes you have so much to write and when it goes up these are what we see?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980128456","repostId":"1173988719","repostType":4,"repost":{"id":"1173988719","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":1665674487,"share":"https://ttm.financial/m/news/1173988719?lang=&edition=fundamental","pubTime":"2022-10-13 23:21","market":"us","language":"en","title":"U.S. Stocks Trimmed Their Losses and Turned up in Morning Trading; Dow Jones Surged 0.85%, S&P 500 Jumped 0.67% While Nasdaq Rose 0.36%","url":"https://stock-news.laohu8.com/highlight/detail?id=1173988719","media":"Tiger Newspress","summary":"U.S. stocks trimmed their losses and turned up in morning trading; Dow Jones surged 0.85%, S&P 500 j","content":"<html><head></head><body><p>U.S. stocks trimmed their losses and turned up in morning trading; Dow Jones surged 0.85%, S&amp;P 500 jumped 0.67% while Nasdaq rose 0.36%.<img src=\"https://static.tigerbbs.com/96469c8f166f6b51d8b423d11a301bd8\" tg-width=\"629\" tg-height=\"130\" 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>U.S. Stocks Trimmed Their Losses and Turned up in Morning Trading; Dow Jones Surged 0.85%, S&P 500 Jumped 0.67% While Nasdaq Rose 0.36%</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\">\nU.S. Stocks Trimmed Their Losses and Turned up in Morning Trading; Dow Jones Surged 0.85%, S&P 500 Jumped 0.67% While Nasdaq Rose 0.36%\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\">2022-10-13 23:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks trimmed their losses and turned up in morning trading; Dow Jones surged 0.85%, S&amp;P 500 jumped 0.67% while Nasdaq rose 0.36%.<img src=\"https://static.tigerbbs.com/96469c8f166f6b51d8b423d11a301bd8\" tg-width=\"629\" tg-height=\"130\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173988719","content_text":"U.S. stocks trimmed their losses and turned up in morning trading; Dow Jones surged 0.85%, S&P 500 jumped 0.67% while Nasdaq rose 0.36%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":185627484070000,"gmtCreate":1686358676893,"gmtModify":1686358682092,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Every bull run also most hated in history. Go check news headline mr CIO. Lol","listText":"Every bull run also most hated in history. Go check news headline mr CIO. Lol","text":"Every bull run also most hated in history. Go check news headline mr CIO. Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185627484070000","repostId":"2342536118","repostType":4,"repost":{"id":"2342536118","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":1686352007,"share":"https://ttm.financial/m/news/2342536118?lang=&edition=fundamental","pubTime":"2023-06-10 07:06","market":"us","language":"en","title":"S&P 500, Nasdaq Hit Fresh 2023 Highs As Tesla Rallies 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=2342536118","media":"Reuters","summary":"Tesla, General Motors jump on EV charging tie-upAdobe gains on Wells Fargo upgradeTarget slips after","content":"<html><head></head><body><ul><li><p>Tesla, General Motors jump on EV charging tie-up</p></li><li><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a> gains on Wells Fargo upgrade</p></li><li><p>Target slips after Citi downgrade</p></li><li><p>Indexes: S&amp;P up 0.11%, Dow Jones adds 0.13%, Nasdaq gains 0.16%</p></li></ul><p>June 9 (Reuters) - The S&amp;P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the broader market on the eve of the Federal Reserve&#39;s policy meeting and inflation data next week.</p><p>Tesla Inc shares climbed 4.06%, clinching their longest winning streak since January 2021, after General Motors Co agreed to use the company&#39;s Supercharger network. GM shares rose 1.06%.</p><p>The benchmark S&amp;P 500 built on Thursday&#39;s 20% rise from its Oct. 12 finishing low, heralding the start of a new bull market as defined by some market participants.</p><p>&#34;It&#39;s maybe the most hated bull market in the history of bull markets,&#34; said Tim Holland, chief investment officer of investment platform Orion OCIO.</p><p>&#34;Sentiment was terribly depressed going into year-end and still remains on the bearish side.&#34;</p><p>The S&amp;P 500 gained 4.93 points, or 0.11%, at 4,298.86, taking this week&#39;s advance to 0.38% and extending its winning streak to four weeks, the longest since the July-August 2022 period. The Nasdaq Composite notched its seventh straight week of gains, adding 20.62 points, or 0.16%, to 13,259.14 on the day and 0.13% on the week. The Dow Jones Industrial Average rose 43.17 points, or 0.13%, to 33,876.78, for a weekly gain of 0.33%.</p><p>A megacap stocks rally, better-than-expected earnings season and expectations that the Fed was nearing the end of its rate-hiking cycle have supported Wall Street this year despite concerns about a looming recession and sticky inflation.</p><p>Shares in tech companies including Apple Inc , Advanced Micro Devices and Nvidia Corp rose between 0.22% and 3.20% after retreating earlier this week.</p><p>Traders see a 72% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range in its June 13-14 policy meeting, according to CMEGroup&#39;s Fedwatch tool.</p><p>&#34;The overall tone of the market is based on the idea that the Fed will pause its increases,&#34; said Rick Meckler, partner at Cherry Lane Investments. &#34;As it pauses, the broader market will start to rally and maybe catch up with the large-cap tech stocks that have led the way up until now.&#34;</p><p>Consumer prices data on Tuesday will help shape expectations around further moves by the Fed, with traders already pricing in a 50% chance of another 25-basis-point rate hike in July.</p><p>The CBOE Volatility index , commonly known as Wall Street&#39;s fear gauge, sank to the lowest level since February 2020 before regaining some ground.</p><p>Target Corp slipped 3.26% after Citi downgraded the big-box retailer to &#34;neutral,&#34; saying sales could fall further this year due to economic challenges.</p><p>Adobe Inc rose 3.41% after Wells Fargo upgraded it to &#34;overweight,&#34; saying the Photoshop software maker was poised to benefit from the generative AI boom.</p><p>Netflix Inc gained 2.60% following a report that the streaming giant&#39;s subscriptions jumped after its crackdown on password sharing.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.84-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 15 new 52-week highs and five new lows; the Nasdaq Composite recorded 84 new highs and 53 new lows.</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>S&P 500, Nasdaq Hit Fresh 2023 Highs As Tesla Rallies 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500, Nasdaq Hit Fresh 2023 Highs As Tesla Rallies 4%\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\">2023-06-10 07:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><p>Tesla, General Motors jump on EV charging tie-up</p></li><li><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a> gains on Wells Fargo upgrade</p></li><li><p>Target slips after Citi downgrade</p></li><li><p>Indexes: S&amp;P up 0.11%, Dow Jones adds 0.13%, Nasdaq gains 0.16%</p></li></ul><p>June 9 (Reuters) - The S&amp;P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the broader market on the eve of the Federal Reserve&#39;s policy meeting and inflation data next week.</p><p>Tesla Inc shares climbed 4.06%, clinching their longest winning streak since January 2021, after General Motors Co agreed to use the company&#39;s Supercharger network. GM shares rose 1.06%.</p><p>The benchmark S&amp;P 500 built on Thursday&#39;s 20% rise from its Oct. 12 finishing low, heralding the start of a new bull market as defined by some market participants.</p><p>&#34;It&#39;s maybe the most hated bull market in the history of bull markets,&#34; said Tim Holland, chief investment officer of investment platform Orion OCIO.</p><p>&#34;Sentiment was terribly depressed going into year-end and still remains on the bearish side.&#34;</p><p>The S&amp;P 500 gained 4.93 points, or 0.11%, at 4,298.86, taking this week&#39;s advance to 0.38% and extending its winning streak to four weeks, the longest since the July-August 2022 period. The Nasdaq Composite notched its seventh straight week of gains, adding 20.62 points, or 0.16%, to 13,259.14 on the day and 0.13% on the week. The Dow Jones Industrial Average rose 43.17 points, or 0.13%, to 33,876.78, for a weekly gain of 0.33%.</p><p>A megacap stocks rally, better-than-expected earnings season and expectations that the Fed was nearing the end of its rate-hiking cycle have supported Wall Street this year despite concerns about a looming recession and sticky inflation.</p><p>Shares in tech companies including Apple Inc , Advanced Micro Devices and Nvidia Corp rose between 0.22% and 3.20% after retreating earlier this week.</p><p>Traders see a 72% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range in its June 13-14 policy meeting, according to CMEGroup&#39;s Fedwatch tool.</p><p>&#34;The overall tone of the market is based on the idea that the Fed will pause its increases,&#34; said Rick Meckler, partner at Cherry Lane Investments. &#34;As it pauses, the broader market will start to rally and maybe catch up with the large-cap tech stocks that have led the way up until now.&#34;</p><p>Consumer prices data on Tuesday will help shape expectations around further moves by the Fed, with traders already pricing in a 50% chance of another 25-basis-point rate hike in July.</p><p>The CBOE Volatility index , commonly known as Wall Street&#39;s fear gauge, sank to the lowest level since February 2020 before regaining some ground.</p><p>Target Corp slipped 3.26% after Citi downgraded the big-box retailer to &#34;neutral,&#34; saying sales could fall further this year due to economic challenges.</p><p>Adobe Inc rose 3.41% after Wells Fargo upgraded it to &#34;overweight,&#34; saying the Photoshop software maker was poised to benefit from the generative AI boom.</p><p>Netflix Inc gained 2.60% following a report that the streaming giant&#39;s subscriptions jumped after its crackdown on password sharing.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.84-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 15 new 52-week highs and five new lows; the Nasdaq Composite recorded 84 new highs and 53 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0251142724.SGD":"Fidelity America A-SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4548":"巴美列捷福持仓","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4529":"IDC概念","AAPL":"苹果","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IVV":"标普500指数ETF","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","NFLX":"奈飞","LU0072462426.USD":"贝莱德全球配置 A2","LU0823411888.USD":"法巴消费创新基金 Cap","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4141":"半导体产品","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4576":"AR","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","ADBE":"Adobe","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","DXD":"道指两倍做空ETF","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0106831901.USD":"贝莱德世界金融基金A2","BK4527":"明星科技股","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","SDS":"两倍做空标普500ETF","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD",".DJI":"道琼斯","TSLA":"特斯拉",".IXIC":"NASDAQ Composite","BK4551":"寇图资本持仓","BK4207":"综合性银行","LU0444971666.USD":"天利全球科技基金","BK4515":"5G概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H",".SPX":"S&P 500 Index","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4170":"电脑硬件、储存设备及电脑周边","BK4099":"汽车制造商"},"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":"2342536118","content_text":"Tesla, General Motors jump on EV charging tie-upAdobe gains on Wells Fargo upgradeTarget slips after Citi downgradeIndexes: S&P up 0.11%, Dow Jones adds 0.13%, Nasdaq gains 0.16%June 9 (Reuters) - The S&P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the broader market on the eve of the Federal Reserve's policy meeting and inflation data next week.Tesla Inc shares climbed 4.06%, clinching their longest winning streak since January 2021, after General Motors Co agreed to use the company's Supercharger network. GM shares rose 1.06%.The benchmark S&P 500 built on Thursday's 20% rise from its Oct. 12 finishing low, heralding the start of a new bull market as defined by some market participants.\"It's maybe the most hated bull market in the history of bull markets,\" said Tim Holland, chief investment officer of investment platform Orion OCIO.\"Sentiment was terribly depressed going into year-end and still remains on the bearish side.\"The S&P 500 gained 4.93 points, or 0.11%, at 4,298.86, taking this week's advance to 0.38% and extending its winning streak to four weeks, the longest since the July-August 2022 period. The Nasdaq Composite notched its seventh straight week of gains, adding 20.62 points, or 0.16%, to 13,259.14 on the day and 0.13% on the week. The Dow Jones Industrial Average rose 43.17 points, or 0.13%, to 33,876.78, for a weekly gain of 0.33%.A megacap stocks rally, better-than-expected earnings season and expectations that the Fed was nearing the end of its rate-hiking cycle have supported Wall Street this year despite concerns about a looming recession and sticky inflation.Shares in tech companies including Apple Inc , Advanced Micro Devices and Nvidia Corp rose between 0.22% and 3.20% after retreating earlier this week.Traders see a 72% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range in its June 13-14 policy meeting, according to CMEGroup's Fedwatch tool.\"The overall tone of the market is based on the idea that the Fed will pause its increases,\" said Rick Meckler, partner at Cherry Lane Investments. \"As it pauses, the broader market will start to rally and maybe catch up with the large-cap tech stocks that have led the way up until now.\"Consumer prices data on Tuesday will help shape expectations around further moves by the Fed, with traders already pricing in a 50% chance of another 25-basis-point rate hike in July.The CBOE Volatility index , commonly known as Wall Street's fear gauge, sank to the lowest level since February 2020 before regaining some ground.Target Corp slipped 3.26% after Citi downgraded the big-box retailer to \"neutral,\" saying sales could fall further this year due to economic challenges.Adobe Inc rose 3.41% after Wells Fargo upgraded it to \"overweight,\" saying the Photoshop software maker was poised to benefit from the generative AI boom.Netflix Inc gained 2.60% following a report that the streaming giant's subscriptions jumped after its crackdown on password sharing.Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.84-to-1 ratio favored decliners.The S&P 500 posted 15 new 52-week highs and five new lows; the Nasdaq Composite recorded 84 new highs and 53 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185115677524112,"gmtCreate":1686233676774,"gmtModify":1686233680659,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Good luck. its already 3 yrs. Keep holding","listText":"Good luck. its already 3 yrs. Keep holding","text":"Good luck. its already 3 yrs. Keep holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185115677524112","repostId":"2341351225","repostType":4,"repost":{"id":"2341351225","pubTimestamp":1686212132,"share":"https://ttm.financial/m/news/2341351225?lang=&edition=fundamental","pubTime":"2023-06-08 16:15","market":"us","language":"en","title":"Alibaba: Why I Bought The Last Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2341351225","media":"Seeking Alpha","summary":"Jack Ma Michael Loccisano Alibaba Group Holding (NYSE:BABA) is a stock I've covered for a long time on Seeking Alpha. I haven't been covering it as much lately as I did in the past, because I've said ","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Alibaba stock is cheap compared to U.S. tech stocks, with a market cap of just over $200 billion and $25 billion in annual free cash flow.</p></li><li><p>BABA faces increased competition in the domestic Chinese market due to regulatory changes, but its international commerce segment continues to grow rapidly.</p></li><li><p>Risks for Alibaba include mixed economic data from China, heightened competition, and ongoing U.S./China tensions.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/caaaeb7cdfa665bf1550cbf2f7307f8f\" alt=\"Jack Ma\" title=\"Jack Ma\" tg-width=\"750\" tg-height=\"499\"/><span>Jack Ma</span></p><p><strong>Alibaba Group Holding</strong> (NYSE:BABA) is a stock I&#39;ve covered for a long time on Seeking Alpha. I haven&#39;t been covering it as much lately as I did in the past, because I&#39;ve said most of what I wanted to say about the company. However, I did add to my BABA position on the stock&#39;s most recent dip, as I thought that it had gotten too cheap when it fell to $78.</p><p>Today, Alibaba is doing $25 billion in annual free cash flow. It has $75 billion in cash and short term investments. As I wrote in a recent Tweet, the combined amount is enough to buy back more than half the float in three years, if the stock price doesn&#39;t change. The point is academic, because such a large buyback would undoubtedly move the price. However, it does go to show that Alibaba shareholders can probably safely expect more buybacks in the future.</p><p>A lot of investors appear to be of the opinion that Alibaba has lost its growth permanently. The company&#39;s revenue growth was only 2% last quarter, the growth rates were similar in the two quarters prior to that. It may well be that Alibaba&#39;s growth will be slower in the future than it was in the past. Indeed, that probably will be the case in the China commerce segment, where Alibaba faces stiff competition from JD (JD) and PDD Holdings (PDD). The international segment is a different story. Last quarter, Alibaba&#39;s international commerce segment actually regained its high double digit growth, after several quarters of deceleration. In Q1, that segment grew at 29%, making it BABA&#39;s biggest growth driver in the period. If the international commerce segment keeps growing rapidly, then it will become an ever-larger share of the whole, potentially driving significant growth.</p><p>Now, that last point needs some clarification, as several of Alibaba&#39;s business units are about to be spun off. So far, we know that the Cloud, Freshippo and Cainiao will be spun off to shareholders. In other words, the organization &#39;Alibaba&#39; as we know it will eventually stop existing, being split up into multiple companies. However, the spin off process will take time; the cloud is the only segment with an IPO planned to occur in the next 12 months. So, it&#39;s still worth thinking about Alibaba&#39;s &#34;whole firm&#34; growth and profitability.</p><p>In this article I will explain why I bought Alibaba&#39;s most recent dip, in which it fell to $78. I&#39;ll explain the thought process behind my purchase at that level, and the reasons I was happy buying at that level even though I hadn&#39;t planned on buying more BABA before the crash. Finally I&#39;ll explain why I still think the stock is a decent value today, even though it has rallied 10.2% from the level at which I bought.</p><h2>Valuation</h2><p>The main thing Alibaba had going for it when I bought the dip at $78 was a cheap valuation. BABA is one of the cheapest large technology companies in the world. It does $25 billion in annual free cash flow, yet its market cap is just a little over $200 billion. It wouldn&#39;t even take 10 years for BABA to buy back its entire float if the stock price didn&#39;t change!</p><p>Of course, there are reasons why Alibaba stock is cheap. It&#39;s based in China, a country perceived to be risky due to U.S./China tensions. It has several competitors, which has impeded its domestic market growth in recent quarters. Finally, it took a $2.8 billion fine in 2021, as a result of China&#39;s tech crackdown, and some think that similar regulatory risks could present themselves in the future.</p><p>All of these risks result in BABA typically trading at a discount to its U.S.-based peers. At today&#39;s prices, the NASDAQ-100 index is at 23.72 times earnings. At the same time, Alibaba is trading at:</p><ul><li><p>10.74 times adjusted earnings.</p></li><li><p>21 times GAAP earnings.</p></li><li><p>1.75 times sales.</p></li><li><p>1.5 times book value.</p></li><li><p>7.4 times operating cash flow.</p></li><li><p>9.4 times free cash flow.</p></li></ul><p>Compared to U.S. tech stocks, Alibaba stock is quite cheap. In fact, going by some ratios, it&#39;s cheap compared to global stocks as a whole. The price/free cash flow ratio, for example, is low in absolute terms. Clearly, Alibaba stock is exposed to certain risks, but is it really so risky that it should trade at half the NASDAQ&#39;s earnings multiple indefinitely? In the next section, I&#39;ll explore some factors that can shed light on the matter.</p><h2>Competitive Position</h2><p>Leaving aside all of the geopolitical factors that I touched on previously, the main risk Alibaba faces today is heightened competition in the domestic Chinese market.</p><p>As mentioned previously, Alibaba faces competition in China from JD, PDD Holdings, and a few others. The number of large competitors hasn&#39;t changed much in the last few years, but one key factor has:</p><p><em>The regulatory environment.</em></p><p>As a result of China&#39;s 2021 tech crackdown, Alibaba can no longer have the &#34;choose one of two&#34; policy, which gave it an advantage over smaller competitors. It has to share links to <strong>Tencent</strong> (OTCPK:TCEHY) web domains and allow purchases via the WeChat app. It took a $2.8 billion fine for various anticompetitive practices. Basically, China is no longer allowing many practices that BABA once relied on to shore up its competitive position.</p><p>To be honest, it looks like there will be more competition in the China domestic market going forward. It&#39;s a different story in the international market. Alibaba&#39;s only true competitor internationally is PDD Holdings: JD is not actively selling in the U.S. or Europe. JD&#39;s international business is mostly focused on imports from non-Chinese markets to China. Shein is a partial competitor, but it only sells clothing, not the full gamut of goods you&#39;d find on Temu or AliExpress. In international markets, Alibaba faces competition from PDD and non-Chinese e-Commerce platforms. However, when you consider that the Chinese shopping apps are mainly focused on low priced goods and &#34;deep discounts,&#34; it&#39;s not clear that <strong>Amazon</strong> (NASDAQ:AMZN) or <strong>Shopify</strong> (SHOP) are competitors there. Alibaba&#39;s relationship with AMZN and SHOP is more complementary than competitive: drop shippers buy bulk goods on Alibaba and sell them at a markup on the U.S. platforms. This is very different from AliExpress and Temu. More to the point, Alibaba shares in the success of vendors selling Chinese goods on Amazon, rather than being harmed by them.</p><h2>Risks and Challenges</h2><p>As we&#39;ve seen, Alibaba is a very cheap tech stock with a pretty good competitive position. For my money, it&#39;s a buy-I certainly think it was a buy when I grabbed it at $78. Nevertheless, there are many risks and challenges for investors to watch out for here:</p><ul><li><p><strong>Mixed economic data from China.</strong> China has been releasing its April and May economic data over the last few weeks, and it has been mixed. On a positive note for Alibaba&#39;s domestic operations, retail sales grew 18.4% in April. On a negative note for Alibaba&#39;s international operations, exports fell 7.5% in May. It&#39;s hard to say what these figures mean for Alibaba&#39;s business as a whole. They&#39;d tend to argue that sales will come in pretty strong for Q2, but on the other hand, they might be a bearish signal for the company&#39;s international operations. Given the mixed nature of these signals, it would be wise to play it safe with Alibaba, sizing positions appropriately.</p></li><li><p><strong>Competition.</strong> Thanks to China&#39;s 2021 regulatory crackdown, Alibaba now faces more competition than ever before. It&#39;s not that the number of competitors has increased, but rather that BABA has fewer tools at its disposal to gain market share. &#34;Choose one of two&#34; is out, exclusivity in payment providers is out, and more. So, on the domestic front, Alibaba will have to fight harder to gain market share.</p></li><li><p><strong>U.S./China tensions.</strong> The U.S. and China are at odds over many issues, particularly the status of Taiwan. China wants to integrate Taiwan with itself, the U.S. wants Taiwan to remain de-facto independent. The tensions between the U.S. and China sometimes have economic consequences. For example, in 2020, then-U.S. President slapped tariffs on $300 billion worth of Chinese goods. More recently, the Biden administration banned the export of various types of chip equipment to China. There is a real risk that this kind of economic tension continues, and investors will want to keep an eye on it.</p></li></ul><p>The risks and challenges above are worth thinking about. Nevertheless, Alibaba is a pretty cheap stock with high margins and a decent competitive position. It&#39;s still a pretty good value in this author&#39;s opinion.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</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>Alibaba: Why I Bought The Last Dip</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\">\nAlibaba: Why I Bought The Last Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-08 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4610181-alibaba-why-i-bought-the-last-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba stock is cheap compared to U.S. tech stocks, with a market cap of just over $200 billion and $25 billion in annual free cash flow.BABA faces increased competition in the domestic ...</p>\n\n<a href=\"https://seekingalpha.com/article/4610181-alibaba-why-i-bought-the-last-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4565":"NFT概念","BABA":"阿里巴巴","LU0238689110.USD":"贝莱德环球动力股票基金","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4122":"互联网与直销零售","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4507":"流媒体概念","BK4116":"互联网服务与基础架构","IE0008368742.USD":"首域中国增长基金I Acc","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4558":"双十一","BK4509":"腾讯概念","BK4575":"芯片概念","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","BK4501":"段永平概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","09988":"阿里巴巴-W","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK4588":"碎股","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4504":"桥水持仓","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","BK4581":"高盛持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD"},"source_url":"https://seekingalpha.com/article/4610181-alibaba-why-i-bought-the-last-dip","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2341351225","content_text":"SummaryAlibaba stock is cheap compared to U.S. tech stocks, with a market cap of just over $200 billion and $25 billion in annual free cash flow.BABA faces increased competition in the domestic Chinese market due to regulatory changes, but its international commerce segment continues to grow rapidly.Risks for Alibaba include mixed economic data from China, heightened competition, and ongoing U.S./China tensions.Jack MaAlibaba Group Holding (NYSE:BABA) is a stock I've covered for a long time on Seeking Alpha. I haven't been covering it as much lately as I did in the past, because I've said most of what I wanted to say about the company. However, I did add to my BABA position on the stock's most recent dip, as I thought that it had gotten too cheap when it fell to $78.Today, Alibaba is doing $25 billion in annual free cash flow. It has $75 billion in cash and short term investments. As I wrote in a recent Tweet, the combined amount is enough to buy back more than half the float in three years, if the stock price doesn't change. The point is academic, because such a large buyback would undoubtedly move the price. However, it does go to show that Alibaba shareholders can probably safely expect more buybacks in the future.A lot of investors appear to be of the opinion that Alibaba has lost its growth permanently. The company's revenue growth was only 2% last quarter, the growth rates were similar in the two quarters prior to that. It may well be that Alibaba's growth will be slower in the future than it was in the past. Indeed, that probably will be the case in the China commerce segment, where Alibaba faces stiff competition from JD (JD) and PDD Holdings (PDD). The international segment is a different story. Last quarter, Alibaba's international commerce segment actually regained its high double digit growth, after several quarters of deceleration. In Q1, that segment grew at 29%, making it BABA's biggest growth driver in the period. If the international commerce segment keeps growing rapidly, then it will become an ever-larger share of the whole, potentially driving significant growth.Now, that last point needs some clarification, as several of Alibaba's business units are about to be spun off. So far, we know that the Cloud, Freshippo and Cainiao will be spun off to shareholders. In other words, the organization 'Alibaba' as we know it will eventually stop existing, being split up into multiple companies. However, the spin off process will take time; the cloud is the only segment with an IPO planned to occur in the next 12 months. So, it's still worth thinking about Alibaba's \"whole firm\" growth and profitability.In this article I will explain why I bought Alibaba's most recent dip, in which it fell to $78. I'll explain the thought process behind my purchase at that level, and the reasons I was happy buying at that level even though I hadn't planned on buying more BABA before the crash. Finally I'll explain why I still think the stock is a decent value today, even though it has rallied 10.2% from the level at which I bought.ValuationThe main thing Alibaba had going for it when I bought the dip at $78 was a cheap valuation. BABA is one of the cheapest large technology companies in the world. It does $25 billion in annual free cash flow, yet its market cap is just a little over $200 billion. It wouldn't even take 10 years for BABA to buy back its entire float if the stock price didn't change!Of course, there are reasons why Alibaba stock is cheap. It's based in China, a country perceived to be risky due to U.S./China tensions. It has several competitors, which has impeded its domestic market growth in recent quarters. Finally, it took a $2.8 billion fine in 2021, as a result of China's tech crackdown, and some think that similar regulatory risks could present themselves in the future.All of these risks result in BABA typically trading at a discount to its U.S.-based peers. At today's prices, the NASDAQ-100 index is at 23.72 times earnings. At the same time, Alibaba is trading at:10.74 times adjusted earnings.21 times GAAP earnings.1.75 times sales.1.5 times book value.7.4 times operating cash flow.9.4 times free cash flow.Compared to U.S. tech stocks, Alibaba stock is quite cheap. In fact, going by some ratios, it's cheap compared to global stocks as a whole. The price/free cash flow ratio, for example, is low in absolute terms. Clearly, Alibaba stock is exposed to certain risks, but is it really so risky that it should trade at half the NASDAQ's earnings multiple indefinitely? In the next section, I'll explore some factors that can shed light on the matter.Competitive PositionLeaving aside all of the geopolitical factors that I touched on previously, the main risk Alibaba faces today is heightened competition in the domestic Chinese market.As mentioned previously, Alibaba faces competition in China from JD, PDD Holdings, and a few others. The number of large competitors hasn't changed much in the last few years, but one key factor has:The regulatory environment.As a result of China's 2021 tech crackdown, Alibaba can no longer have the \"choose one of two\" policy, which gave it an advantage over smaller competitors. It has to share links to Tencent (OTCPK:TCEHY) web domains and allow purchases via the WeChat app. It took a $2.8 billion fine for various anticompetitive practices. Basically, China is no longer allowing many practices that BABA once relied on to shore up its competitive position.To be honest, it looks like there will be more competition in the China domestic market going forward. It's a different story in the international market. Alibaba's only true competitor internationally is PDD Holdings: JD is not actively selling in the U.S. or Europe. JD's international business is mostly focused on imports from non-Chinese markets to China. Shein is a partial competitor, but it only sells clothing, not the full gamut of goods you'd find on Temu or AliExpress. In international markets, Alibaba faces competition from PDD and non-Chinese e-Commerce platforms. However, when you consider that the Chinese shopping apps are mainly focused on low priced goods and \"deep discounts,\" it's not clear that Amazon (NASDAQ:AMZN) or Shopify (SHOP) are competitors there. Alibaba's relationship with AMZN and SHOP is more complementary than competitive: drop shippers buy bulk goods on Alibaba and sell them at a markup on the U.S. platforms. This is very different from AliExpress and Temu. More to the point, Alibaba shares in the success of vendors selling Chinese goods on Amazon, rather than being harmed by them.Risks and ChallengesAs we've seen, Alibaba is a very cheap tech stock with a pretty good competitive position. For my money, it's a buy-I certainly think it was a buy when I grabbed it at $78. Nevertheless, there are many risks and challenges for investors to watch out for here:Mixed economic data from China. China has been releasing its April and May economic data over the last few weeks, and it has been mixed. On a positive note for Alibaba's domestic operations, retail sales grew 18.4% in April. On a negative note for Alibaba's international operations, exports fell 7.5% in May. It's hard to say what these figures mean for Alibaba's business as a whole. They'd tend to argue that sales will come in pretty strong for Q2, but on the other hand, they might be a bearish signal for the company's international operations. Given the mixed nature of these signals, it would be wise to play it safe with Alibaba, sizing positions appropriately.Competition. Thanks to China's 2021 regulatory crackdown, Alibaba now faces more competition than ever before. It's not that the number of competitors has increased, but rather that BABA has fewer tools at its disposal to gain market share. \"Choose one of two\" is out, exclusivity in payment providers is out, and more. So, on the domestic front, Alibaba will have to fight harder to gain market share.U.S./China tensions. The U.S. and China are at odds over many issues, particularly the status of Taiwan. China wants to integrate Taiwan with itself, the U.S. wants Taiwan to remain de-facto independent. The tensions between the U.S. and China sometimes have economic consequences. For example, in 2020, then-U.S. President slapped tariffs on $300 billion worth of Chinese goods. More recently, the Biden administration banned the export of various types of chip equipment to China. There is a real risk that this kind of economic tension continues, and investors will want to keep an eye on it.The risks and challenges above are worth thinking about. Nevertheless, Alibaba is a pretty cheap stock with high margins and a decent competitive position. It's still a pretty good value in this author's opinion.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186889317113952,"gmtCreate":1686666550812,"gmtModify":1686666559415,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"\"I remain concerned about how slowly inflation is making its way back to 2%,\" said Narayana Kocherlakota\" - seriously? Inflation just drop from 4.9 to 4%! Are these people seriously doing their job??&nbsp;&nbsp;","listText":"\"I remain concerned about how slowly inflation is making its way back to 2%,\" said Narayana Kocherlakota\" - seriously? Inflation just drop from 4.9 to 4%! Are these people seriously doing their job??&nbsp;&nbsp;","text":"\"I remain concerned about how slowly inflation is making its way back to 2%,\" said Narayana Kocherlakota\" - seriously? Inflation just drop from 4.9 to 4%! Are these people seriously doing their job??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186889317113952","repostId":"2343623330","repostType":4,"repost":{"id":"2343623330","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":1686664486,"share":"https://ttm.financial/m/news/2343623330?lang=&edition=fundamental","pubTime":"2023-06-13 21:54","market":"us","language":"en","title":"Fed-Rate Projections Could Rise to Underscore Inflation Anxieties","url":"https://stock-news.laohu8.com/highlight/detail?id=2343623330","media":"Dow Jones","summary":"By Nick TimiraosFederal Reserve officials' concerns about stubbornly high inflation could lead them ","content":"<html><head></head><body><p>By Nick Timiraos</p><p>Federal Reserve officials&#39; concerns about stubbornly high inflation could lead them to signal that they are prepared to lift interest rates again this year even if they hold them steady on Wednesday.</p><p>The Labor Department reported Tuesday that overall inflation slowed in May but underlying price pressures remained firm. The figures are likely to keep the Fed on track to forego a rate rise this week following 10 consecutive increases.</p><p>The consumer-price index rose 0.1% from April, lowering the 12-month change to 4%, from 4.9% in April. So-called core consumer prices, which excludes volatile food and energy categories, climbed 0.4% in May and by 5.3% from a year earlier, down from 5.5% in April.</p><p>Policy makers&#39; new quarterly economic projections, due to be released after their meeting on Wednesday, provide them one way to underscore that they are likely to raise rates more if the economy and inflation don&#39;t soon show signs of slowing. Fed Chair Jerome Powell will further explain officials&#39; thinking at a news conference Wednesday.</p><p>Their March projections showed most officials anticipated they would raise their benchmark federal-funds rate to its current level, between 5% and 5.25%, and hold it there through year&#39;s end so long as growth and inflation slowed. A significant minority thought the rate would need to rise higher, to around 5.5%.</p><p>Officials made those projections on March 22 amid heightened uncertainty from the failure of two midsize banks -- Silicon Valley Bank on March 10 and Signature Bank on March 12. A third ailing lender, First Republic Bank, failed a few weeks later.</p><p>Until March, Fed officials had lifted every quarter their estimates of how high they would have to raise rates. But in March, more officials concluded the potential for banks to tighten credit might have the same economic effect as a Fed rate increase. Most held steady their projection of the &#34;peak&#34; rate.</p><p>Since then, some Fed policy makers have said they are anxious the economy hasn&#39;t responded to rapid rate rises over the past year and want to keep nudging rates higher to ensure growth slows soon.</p><p>Others are more concerned that the Fed&#39;s past increases haven&#39;t been fully transmitted through the economy. The bank failures this spring served as an early example of how a lending pullback could unfold with little notice, especially because financial markets grew accustomed to historically low borrowing costs over the past decade.</p><p>The crosscurrents of economic resilience and the lagged effects of past rate increases underscore how, with short-term rates now at a 16-year high, nearly any rate strategy at this point carries more peril than earlier in the rate-increase process.</p><p>&#34;It&#39;s easier to make mistakes because it&#39;s harder to figure out what&#39;s happening to the economy in real-time,&#34; said former Fed governor Jeremy Stein. &#34;The risk that you make a monetary policy mistake has gone up.&#34;</p><p>After raising interest rates rapidly from very low levels last year, officials slowed their increases this year. They have raised the fed-funds rate by a quarter percentage point at each of three meetings so far this year, most recently in May.</p><p>Policy makers are expected to hold rates steady at their meeting this week, but investors in interest-rate futures markets anticipate another increase is likely at the Fed&#39;s subsequent gathering in July.</p><p>Signaling a rate &#34;skip&#34; -- the combination of holding rates steady in June while signaling a high likelihood of a rate rise in July -- could be tricky to explain to the public. &#34;If you were absolutely sure you were going to go ahead with an increase at the following meeting, then you should just go now,&#34; said William English, a former senior Fed economist who is a professor at Yale School of Management.</p><p>Forgoing an increase this week would allow officials to further slow their rate rises to assess the effects of their previous hikes and any fallout from banking industry stress.</p><p>When mapping out how much further and faster to raise rates, &#34;it calls for a different, somewhat more complicated kind of analysis -- surely more complicated than being dependent on the last inflation reading and the last job report,&#34; said former Fed governor Daniel Tarullo.</p><p>One challenge for officials is that economic activity has continued to outperform expectations. Low inventories of homes for sale, for example, have boosted sales of new homes and home prices in recent months.</p><p>But there hasn&#39;t been much time for Fed policy makers to assess to what degree, if any, banks&#39; rising funding costs are reducing lending. The economic effects of banking and other financial stresses are harder to model than traditional interest-rate increases.</p><p>&#34;We&#39;re well over 5% interest rates, effectively, once you add in the tightening that came from the banking side. You&#39;ve got loans becoming much scarcer. That should be slowing the economy down,&#34; said Stephen Cecchetti, an economist at Brandeis University.</p><p>Those who think the Fed should keep raising rates are more worried about high inflation becoming entrenched in public psychology. &#34;I remain concerned about how slowly inflation is making its way back to 2%,&#34; said Narayana Kocherlakota, who was president of the Minneapolis Fed from 2009 to 2015.</p><p>The experience with high inflation in the 1970s shows that once the public expects higher prices, the Fed has to force unemployment higher to bring down inflation. If the public thinks the Fed isn&#39;t willing to raise rates to reduce inflation that is more than double the central bank&#39;s 2% target because of concerns about the banking system, that could lead inflation expectations to rise, said Kocherlakota.</p><p>Kocherlakota faulted the Fed for &#34;continuing to sell the story that interest rates will not have to go significantly higher.&#34;</p><p>&#34;Will the Fed have to go to 7%? I hope not,&#34; said Kocherlakota, an economist at the University of Rochester. &#34;Is there a possibility they&#39;re going to have to go to 7%? Absolutely.&#34;</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>Fed-Rate Projections Could Rise to Underscore Inflation Anxieties</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\">\nFed-Rate Projections Could Rise to Underscore Inflation Anxieties\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\">2023-06-13 21:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>By Nick Timiraos</p><p>Federal Reserve officials&#39; concerns about stubbornly high inflation could lead them to signal that they are prepared to lift interest rates again this year even if they hold them steady on Wednesday.</p><p>The Labor Department reported Tuesday that overall inflation slowed in May but underlying price pressures remained firm. The figures are likely to keep the Fed on track to forego a rate rise this week following 10 consecutive increases.</p><p>The consumer-price index rose 0.1% from April, lowering the 12-month change to 4%, from 4.9% in April. So-called core consumer prices, which excludes volatile food and energy categories, climbed 0.4% in May and by 5.3% from a year earlier, down from 5.5% in April.</p><p>Policy makers&#39; new quarterly economic projections, due to be released after their meeting on Wednesday, provide them one way to underscore that they are likely to raise rates more if the economy and inflation don&#39;t soon show signs of slowing. Fed Chair Jerome Powell will further explain officials&#39; thinking at a news conference Wednesday.</p><p>Their March projections showed most officials anticipated they would raise their benchmark federal-funds rate to its current level, between 5% and 5.25%, and hold it there through year&#39;s end so long as growth and inflation slowed. A significant minority thought the rate would need to rise higher, to around 5.5%.</p><p>Officials made those projections on March 22 amid heightened uncertainty from the failure of two midsize banks -- Silicon Valley Bank on March 10 and Signature Bank on March 12. A third ailing lender, First Republic Bank, failed a few weeks later.</p><p>Until March, Fed officials had lifted every quarter their estimates of how high they would have to raise rates. But in March, more officials concluded the potential for banks to tighten credit might have the same economic effect as a Fed rate increase. Most held steady their projection of the &#34;peak&#34; rate.</p><p>Since then, some Fed policy makers have said they are anxious the economy hasn&#39;t responded to rapid rate rises over the past year and want to keep nudging rates higher to ensure growth slows soon.</p><p>Others are more concerned that the Fed&#39;s past increases haven&#39;t been fully transmitted through the economy. The bank failures this spring served as an early example of how a lending pullback could unfold with little notice, especially because financial markets grew accustomed to historically low borrowing costs over the past decade.</p><p>The crosscurrents of economic resilience and the lagged effects of past rate increases underscore how, with short-term rates now at a 16-year high, nearly any rate strategy at this point carries more peril than earlier in the rate-increase process.</p><p>&#34;It&#39;s easier to make mistakes because it&#39;s harder to figure out what&#39;s happening to the economy in real-time,&#34; said former Fed governor Jeremy Stein. &#34;The risk that you make a monetary policy mistake has gone up.&#34;</p><p>After raising interest rates rapidly from very low levels last year, officials slowed their increases this year. They have raised the fed-funds rate by a quarter percentage point at each of three meetings so far this year, most recently in May.</p><p>Policy makers are expected to hold rates steady at their meeting this week, but investors in interest-rate futures markets anticipate another increase is likely at the Fed&#39;s subsequent gathering in July.</p><p>Signaling a rate &#34;skip&#34; -- the combination of holding rates steady in June while signaling a high likelihood of a rate rise in July -- could be tricky to explain to the public. &#34;If you were absolutely sure you were going to go ahead with an increase at the following meeting, then you should just go now,&#34; said William English, a former senior Fed economist who is a professor at Yale School of Management.</p><p>Forgoing an increase this week would allow officials to further slow their rate rises to assess the effects of their previous hikes and any fallout from banking industry stress.</p><p>When mapping out how much further and faster to raise rates, &#34;it calls for a different, somewhat more complicated kind of analysis -- surely more complicated than being dependent on the last inflation reading and the last job report,&#34; said former Fed governor Daniel Tarullo.</p><p>One challenge for officials is that economic activity has continued to outperform expectations. Low inventories of homes for sale, for example, have boosted sales of new homes and home prices in recent months.</p><p>But there hasn&#39;t been much time for Fed policy makers to assess to what degree, if any, banks&#39; rising funding costs are reducing lending. The economic effects of banking and other financial stresses are harder to model than traditional interest-rate increases.</p><p>&#34;We&#39;re well over 5% interest rates, effectively, once you add in the tightening that came from the banking side. You&#39;ve got loans becoming much scarcer. That should be slowing the economy down,&#34; said Stephen Cecchetti, an economist at Brandeis University.</p><p>Those who think the Fed should keep raising rates are more worried about high inflation becoming entrenched in public psychology. &#34;I remain concerned about how slowly inflation is making its way back to 2%,&#34; said Narayana Kocherlakota, who was president of the Minneapolis Fed from 2009 to 2015.</p><p>The experience with high inflation in the 1970s shows that once the public expects higher prices, the Fed has to force unemployment higher to bring down inflation. If the public thinks the Fed isn&#39;t willing to raise rates to reduce inflation that is more than double the central bank&#39;s 2% target because of concerns about the banking system, that could lead inflation expectations to rise, said Kocherlakota.</p><p>Kocherlakota faulted the Fed for &#34;continuing to sell the story that interest rates will not have to go significantly higher.&#34;</p><p>&#34;Will the Fed have to go to 7%? I hope not,&#34; said Kocherlakota, an economist at the University of Rochester. &#34;Is there a possibility they&#39;re going to have to go to 7%? Absolutely.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2343623330","content_text":"By Nick TimiraosFederal Reserve officials' concerns about stubbornly high inflation could lead them to signal that they are prepared to lift interest rates again this year even if they hold them steady on Wednesday.The Labor Department reported Tuesday that overall inflation slowed in May but underlying price pressures remained firm. The figures are likely to keep the Fed on track to forego a rate rise this week following 10 consecutive increases.The consumer-price index rose 0.1% from April, lowering the 12-month change to 4%, from 4.9% in April. So-called core consumer prices, which excludes volatile food and energy categories, climbed 0.4% in May and by 5.3% from a year earlier, down from 5.5% in April.Policy makers' new quarterly economic projections, due to be released after their meeting on Wednesday, provide them one way to underscore that they are likely to raise rates more if the economy and inflation don't soon show signs of slowing. Fed Chair Jerome Powell will further explain officials' thinking at a news conference Wednesday.Their March projections showed most officials anticipated they would raise their benchmark federal-funds rate to its current level, between 5% and 5.25%, and hold it there through year's end so long as growth and inflation slowed. A significant minority thought the rate would need to rise higher, to around 5.5%.Officials made those projections on March 22 amid heightened uncertainty from the failure of two midsize banks -- Silicon Valley Bank on March 10 and Signature Bank on March 12. A third ailing lender, First Republic Bank, failed a few weeks later.Until March, Fed officials had lifted every quarter their estimates of how high they would have to raise rates. But in March, more officials concluded the potential for banks to tighten credit might have the same economic effect as a Fed rate increase. Most held steady their projection of the \"peak\" rate.Since then, some Fed policy makers have said they are anxious the economy hasn't responded to rapid rate rises over the past year and want to keep nudging rates higher to ensure growth slows soon.Others are more concerned that the Fed's past increases haven't been fully transmitted through the economy. The bank failures this spring served as an early example of how a lending pullback could unfold with little notice, especially because financial markets grew accustomed to historically low borrowing costs over the past decade.The crosscurrents of economic resilience and the lagged effects of past rate increases underscore how, with short-term rates now at a 16-year high, nearly any rate strategy at this point carries more peril than earlier in the rate-increase process.\"It's easier to make mistakes because it's harder to figure out what's happening to the economy in real-time,\" said former Fed governor Jeremy Stein. \"The risk that you make a monetary policy mistake has gone up.\"After raising interest rates rapidly from very low levels last year, officials slowed their increases this year. They have raised the fed-funds rate by a quarter percentage point at each of three meetings so far this year, most recently in May.Policy makers are expected to hold rates steady at their meeting this week, but investors in interest-rate futures markets anticipate another increase is likely at the Fed's subsequent gathering in July.Signaling a rate \"skip\" -- the combination of holding rates steady in June while signaling a high likelihood of a rate rise in July -- could be tricky to explain to the public. \"If you were absolutely sure you were going to go ahead with an increase at the following meeting, then you should just go now,\" said William English, a former senior Fed economist who is a professor at Yale School of Management.Forgoing an increase this week would allow officials to further slow their rate rises to assess the effects of their previous hikes and any fallout from banking industry stress.When mapping out how much further and faster to raise rates, \"it calls for a different, somewhat more complicated kind of analysis -- surely more complicated than being dependent on the last inflation reading and the last job report,\" said former Fed governor Daniel Tarullo.One challenge for officials is that economic activity has continued to outperform expectations. Low inventories of homes for sale, for example, have boosted sales of new homes and home prices in recent months.But there hasn't been much time for Fed policy makers to assess to what degree, if any, banks' rising funding costs are reducing lending. The economic effects of banking and other financial stresses are harder to model than traditional interest-rate increases.\"We're well over 5% interest rates, effectively, once you add in the tightening that came from the banking side. You've got loans becoming much scarcer. That should be slowing the economy down,\" said Stephen Cecchetti, an economist at Brandeis University.Those who think the Fed should keep raising rates are more worried about high inflation becoming entrenched in public psychology. \"I remain concerned about how slowly inflation is making its way back to 2%,\" said Narayana Kocherlakota, who was president of the Minneapolis Fed from 2009 to 2015.The experience with high inflation in the 1970s shows that once the public expects higher prices, the Fed has to force unemployment higher to bring down inflation. If the public thinks the Fed isn't willing to raise rates to reduce inflation that is more than double the central bank's 2% target because of concerns about the banking system, that could lead inflation expectations to rise, said Kocherlakota.Kocherlakota faulted the Fed for \"continuing to sell the story that interest rates will not have to go significantly higher.\"\"Will the Fed have to go to 7%? I hope not,\" said Kocherlakota, an economist at the University of Rochester. \"Is there a possibility they're going to have to go to 7%? Absolutely.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002369011,"gmtCreate":1641916764839,"gmtModify":1676533661854,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002369011","repostId":"2202789402","repostType":4,"repost":{"id":"2202789402","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":1641916140,"share":"https://ttm.financial/m/news/2202789402?lang=&edition=fundamental","pubTime":"2022-01-11 23:49","market":"us","language":"en","title":"Fed may start shrinking its balance sheet this year, says Powell","url":"https://stock-news.laohu8.com/highlight/detail?id=2202789402","media":"Dow Jones","summary":"Fed's Powell: Fed may start shrinking its balance sheet this year. High inflation will last 'well in","content":"<html><head></head><body><p>Fed&#39;s Powell: Fed may start shrinking its balance sheet this year. High inflation will last &#39;well into the middle of this year&#39;.Omicron may cause a pause in growth but &#39;it should be short-lived&#39;.</p><p>Dow down over 200 points as investors focus on testimony from Fed’s Powell.</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>Fed may start shrinking its balance sheet this year, says Powell</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\">\nFed may start shrinking its balance sheet this year, says Powell\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\">2022-01-11 23:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Fed&#39;s Powell: Fed may start shrinking its balance sheet this year. High inflation will last &#39;well into the middle of this year&#39;.Omicron may cause a pause in growth but &#39;it should be short-lived&#39;.</p><p>Dow down over 200 points as investors focus on testimony from Fed’s Powell.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","BK4096":"电气部件与设备"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2202789402","content_text":"Fed's Powell: Fed may start shrinking its balance sheet this year. High inflation will last 'well into the middle of this year'.Omicron may cause a pause in growth but 'it should be short-lived'.Dow down over 200 points as investors focus on testimony from Fed’s Powell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184116252553360,"gmtCreate":1685974101642,"gmtModify":1685975071343,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"No&nbsp;[LOL]&nbsp;[LOL]&nbsp;[LOL]&nbsp;good luck losing money with this shit stock lol.&nbsp;","listText":"No&nbsp;[LOL]&nbsp;[LOL]&nbsp;[LOL]&nbsp;good luck losing money with this shit stock lol.&nbsp;","text":"No [LOL] [LOL] [LOL] good luck losing money with this shit stock lol.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184116252553360","repostId":"2341040026","repostType":4,"repost":{"id":"2341040026","pubTimestamp":1685969325,"share":"https://ttm.financial/m/news/2341040026?lang=&edition=fundamental","pubTime":"2023-06-05 20:48","market":"us","language":"en","title":"Alibaba Stock: A Screaming Buy At <9x P/FCF","url":"https://stock-news.laohu8.com/highlight/detail?id=2341040026","media":"Seeking Alpha","summary":"SummaryAfter yet another post-ER drop, Alibaba's stock is now as cheap as it was back at the October","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>After yet another post-ER drop, Alibaba&#39;s stock is now as cheap as it was back at the October 2022 lows based on its P/FCF multiple of ~8-9x.</p></li><li><p>With China&#39;s economic re-opening not going according to plan so far, Chinese government is expected to provide further economic stimulus in the near future.</p></li><li><p>Despite sluggish sales growth, Alibaba&#39;s business trends are improving rapidly, with TTM free cash flow rebounding back up to $25B+ in Q4 FY2023.</p></li><li><p>In this note, we shall briefly review Alibaba&#39;s Q4 FY2023 report, determine its fair value &amp; expected returns, analyze its technical chart, and discuss its quant factor grades.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ea61a419989cf20092ca7908a6f7f93\" alt=\"Andrew Burton\" title=\"Andrew Burton\" tg-width=\"750\" tg-height=\"500\"/><span>Andrew Burton</span></p><h2>Introduction</h2><p>Towards the fag end of last week, Alibaba Group Holding Limited (NYSE:BABA) stock caught a bid and jumped up ~6% in the last couple of trading sessions on the back of news/rumor of a fresh economic stimulus from the Chinese government.</p><p>As you may know, China&#39;s economic re-opening has failed to live up to investor expectations so far. With economic growth recovery looking sluggish, the surge in Chinese equities off of October lows has reversed to a great extent in recent months. Despite reporting solid financial results for Q4 FY2023, Alibaba&#39;s trading multiple has dropped back down to ~8-9x P/FCF (~6-7x EV/FCF), levels last seen in October 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4884666e9b97e7d41a0642c25e733dd\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"433\"/><span>Data by YCharts</span></p><p>While BABA is well off of its recent lows, the stock is just as cheap as it was back at those lows in October 2022. At ~$85 per share, Alibaba currently has a market capitalization of about $218B. If we back out BABA&#39;s net cash position of $58B, we get to an enterprise value of $160B for Alibaba. Considering Alibaba&#39;s TTM free cash flow of ~$25B (figure quoted from Alibaba&#39;s Q4 FY2023 financial report), BABA is trading at a depressed EV/FCF multiple of ~6-7x and a P/FCF multiple of ~8-9x.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5905d3d37193c8bd7eebfba8b7badc4f\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"478\"/><span>Data by YCharts</span></p><p>In recent quarters, we have noted positive trends across multiple business segments within Alibaba, and the Chinese tech giant looks all set to re-accelerate revenue growth in the near future. More importantly, Alibaba&#39;s free cash flow generation has rebounded spectacularly over the last year or so, and its stock is still dirt cheap due to overblown fears around the Chinese economy and geopolitical tensions with the US. Furthermore, management is using Alibaba&#39;s free cash flows to fund aggressive stock buybacks, and given BABA&#39;s depressed valuations, I think Alibaba&#39;s capital return program has the potential to generate massive shareholder returns over the next few years.</p><p>In this note, we will take a look at Alibaba&#39;s pre-earnings estimates and actual performance in Q4 FY2023. Additionally, we will discuss key business metrics for BABA and review its valuation, technicals, and quant factor grades to see if it is a good buy at current levels.</p><h2>What Were Alibaba&#39;s Expected Earnings? Did It Beat Earnings?</h2><p>Going into Q4 FY2023 (March 2023) earnings report, Alibaba was projected to record revenues and Normalized EPS of $30.1B and $1.36, respectively. According to Seeking Alpha and several other financial news sites, BABA missed the top line and beat the bottom line estimates.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ec691e519f2216e27a3a233d223df7b\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"263\"/><span>Seeking Alpha</span></p><p>However, Alibaba&#39;s earnings release pegged Q4 FY2023 revenue at $30.31B, which would imply a beat on both top and bottom-line estimates.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55b0242903dd921999b7cbe5b621c6c5\" alt=\"Alibaba Q4 FY2023 Earnings Release\" title=\"Alibaba Q4 FY2023 Earnings Release\" tg-width=\"640\" tg-height=\"535\"/><span>Alibaba Q4 FY2023 Earnings Release</span></p><p>Now, the discrepancy in these numbers is a direct result of different sites using different currency conversion ratios. To avoid any confusion, investors could simply look at Alibaba&#39;s figures in the local currency, i.e., RMB. As you can see above, Alibaba&#39;s revenue was up 2% y/y to RMB 208.2B (not down 2% y/y, as shown by the USD figures on SA).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a724a94bd23ba96b6c40892fba81919\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"544\"/><span>Seeking Alpha</span></p><p>While Alibaba&#39;s business continues to struggle for growth in a tough macroeconomic environment, (local currency) revenue growth returning to positive territory in Q3 FY2023 and staying in positive territory in Q4 FY2023 (after several quarters of negative growth rates) marks a vital shift in business trends at Alibaba. Now, let&#39;s dig a little deeper into Alibaba&#39;s quarterly results.</p><h2>BABA Stock Key Metrics</h2><p>In Q4 FY2023, Alibaba&#39;s consolidated revenues grew by a meager +2% y/y in constant currency, with robust growth in International Commerce (+29% y/y), Local Consumer Services (+17% y/y), and Cainiao (+18% y/y) getting offset by weakness in China commerce (-3% y/y) and Cloud (-2% y/y) businesses.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d537a50f3922fad1b517a72a1a9306b4\" alt=\"Alibaba Q4 FY2023 Earnings Presentation\" title=\"Alibaba Q4 FY2023 Earnings Presentation\" tg-width=\"640\" tg-height=\"256\"/><span>Alibaba Q4 FY2023 Earnings Presentation</span></p><p>Now, I understand that Alibaba&#39;s current sales growth is uninspiring; however, BABA&#39;s management is making tremendous progress on the margin (profitability) front by optimizing costs across their business. In Q4 FY2023, BABA&#39;s adj. EBITA margin improved by 400 bps to 12% from a year-ago period. And this margin improvement, in combination with positive sales growth, is driving Alibaba&#39;s free cash flows higher.</p><p>In Q4 FY2023, Alibaba produced $4.7B in free cash flow. And Alibaba&#39;s TTM FCF now stands at ~$25B. With cash flows rebounding rapidly, Alibaba&#39;s management is performing aggressive stock buybacks (~$1.84B in Q4 FY2023) and improving its fortress-like balance sheet, with net cash balance rising to $58B by the end of Q4 FY2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a01a685b3b52f93cc91c30a3d5297b3\" alt=\"Alibaba Q4 FY2023 Earnings Presentation\" title=\"Alibaba Q4 FY2023 Earnings Presentation\" tg-width=\"640\" tg-height=\"185\"/><span>Alibaba Q4 FY2023 Earnings Presentation</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/faee0d30cc657cb7b6ca7c19d6eb7f52\" alt=\"Alibaba Q4 FY2023 Earnings Presentation\" title=\"Alibaba Q4 FY2023 Earnings Presentation\" tg-width=\"640\" tg-height=\"179\"/><span>Alibaba Q4 FY2023 Earnings Presentation</span></p><p>During recent earnings conference calls, Alibaba&#39;s leadership has highlighted its efforts to unlock shareholder value, and this talk has been followed up via actions such as aggressive stock repurchases, cost optimizations, and business re-organization into several independent units.</p><p>Here are some key remarks from the Q4 FY2023 earnings release:</p><blockquote>In an increasingly complex world, we have proactively transformed our organization to strengthen the competitiveness of our businesses through greater independence to address the evolving needs of different customers and capture new opportunities. <strong>We are taking concrete steps towards unlocking value from our businesses</strong> and are pleased to announce that our board has approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to shareholders, with intention for it to become an independent publicly listed company. - Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group We have established a capital management committee at the Alibaba board level to undertake a comprehensive capital management plan to enhance shareholder value. <strong>Alibaba is committed to improving shareholders return through the implementation of a robust capital allocation framework.</strong> We are delighted to share that our board has approved the process to start external financing for Alibaba International Digital Commerce Business Group; exploration of IPO for Cainiao Smart Logistics Group; and execution of IPO for Freshippo. - Toby Xu, Chief Financial Officer of Alibaba Group</blockquote><p>Clearly, Alibaba&#39;s management remains committed to its promise of unlocking shareholder value. On the back of an economic re-opening [after the end of draconian zero-COVID policies] and fresh monetary stimulus from PBOC, China&#39;s economic growth is projected to recover in coming quarters, with the International Monetary Fund projecting China&#39;s GDP growth to reach +5.2% in 2023. As the macroeconomic backdrop improves in China, Alibaba&#39;s improving business trends could get even better in the near future.</p><p>According to consensus analyst estimates, Alibaba is set to record $133.5B in revenue over the next twelve months (FY2024) and then deliver high-single-digit revenue growth in FY2025 and FY2026.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe64c06f5035a76fb32d08acde328cc\" alt=\"Alibaba Revenue Estimates (SeekingAlpha)\" title=\"Alibaba Revenue Estimates (SeekingAlpha)\" tg-width=\"640\" tg-height=\"193\"/><span>Alibaba Revenue Estimates (SeekingAlpha)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b452542dbc6e1b01c66910062884bdbd\" alt=\"Alibaba Earnings Estimates (SeekingAlpha)\" title=\"Alibaba Earnings Estimates (SeekingAlpha)\" tg-width=\"640\" tg-height=\"193\"/><span>Alibaba Earnings Estimates (SeekingAlpha)</span></p><p>As I see it, Alibaba is a fundamentally-sound business that is set to be a massive beneficiary from China&#39;s economic re-opening and any fresh stimulus from the government!</p><h2>What To Expect After Earnings?</h2><p>Before last week&#39;s bounce, Alibaba&#39;s stock had declined by ~15% in the aftermath of its Q4 FY2023 earnings release in pre-market hours on 18th May 2023. This latest post-ER sell-off saw BABA test a key support level at $77-78 in recent trading sessions. As you can see, Alibaba stock held this level and bounced up ~6% in the last couple of trading sessions.</p><p>Now, if the stock manages to break out of the descending triangle [marked in purple on the chart below] to the upside (&gt;$90), I see Alibaba stock rallying up to the $120 level (top end of its Stage-I base formation) in quick order. Furthermore, an upside breakout above $120 would represent a qualified &#34;Inverse Head &amp; Shoulders&#34; pattern, and the price objective for this formation is roughly $180.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9327476fe7137cf114e2d290401c893c\" alt=\"Alibaba Stock Chart (6/2/2023) (WeBull Desktop)\" title=\"Alibaba Stock Chart (6/2/2023) (WeBull Desktop)\" tg-width=\"640\" tg-height=\"462\"/><span>Alibaba Stock Chart (6/2/2023) (WeBull Desktop)</span></p><p>On the flip side, if Alibaba&#39;s stock reverses again and fails to hold the $77-78 level, the stock will likely break down back to the lower end of its Stage-I base at ~$70.</p><p>In my view, the near to medium-term risk/reward based on technicals is skewed to the upside, and the setup is highly favorable for investors/traders looking to go long BABA at current levels.</p><p>Now, let&#39;s take a look at Alibaba&#39;s quant factor grades.</p><p>Since my last update (three months ago), BABA&#39;s Quant Rating score has improved from 3.45/5 to 4.67/5. This improvement has been driven by a positive upgrade in &#34;Momentum&#34; [C to C+] and &#34;Growth&#34; [D to C], partially offset by a negative downgrade in &#34;Revisions&#34; [B+ to C+].</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad6295d53e0f8b813bf388645a612bca\" alt=\"Alibaba Quant Factor Grades (SeekingAlpha)\" title=\"Alibaba Quant Factor Grades (SeekingAlpha)\" tg-width=\"357\" tg-height=\"487\"/><span>Alibaba Quant Factor Grades (SeekingAlpha)</span></p><p>Over three months, Alibaba&#39;s &#34;Profitability&#34; and &#34;Valuation&#34; quant factor grades have held up at &#34;A+&#34; and &#34;C+&#34;, respectively. While I agree with most of these grades, I think BABA&#39;s valuation is very attractive, and this grade could easily climb up to an &#34;A&#34; or &#34;A+&#34; in upcoming quarters.</p><p>As of writing, Alibaba is a &#34;Strong Buy&#34; based on SA&#39;s Quant Rating System. Furthermore, Seeking Alpha and Wall Street analysts are in agreement with my bullish outlook for Alibaba.</p><h2>Concluding Thoughts: Is BABA Stock A Buy, Sell, or Hold?</h2><p>After yet another post-ER pullback, Alibaba&#39;s stock is sitting at a key support level. While Alibaba is struggling to find revenue growth amid economic doldrums in China, BABA&#39;s management has made several shareholder-friendly moves in recent months, including cost optimization efforts across the business (improving profitability and cash flow generation), enhancement of Alibaba&#39;s capital return program, and business reorganization (breakup into six different units announced in Q1). In my view, all of these moves are set to power a recovery in Alibaba&#39;s stock over the coming 12-18 months, with the stock currently trading at a depressed EV/FCF multiple of just ~6-7x.</p><p><strong>Here are my fair value and expected return estimates for Alibaba:</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d7c1fd91b3c674156cab34af6d3b967\" alt=\"TQI Valuation Model (TQIG.org)\" title=\"TQI Valuation Model (TQIG.org)\" tg-width=\"640\" tg-height=\"574\"/><span>TQI Valuation Model (TQIG.org)</span></p><p>As you can see above, Alibaba is worth ~$178.5 per share or $462B, i.e., it is currently undervalued by more than ~50%.</p><p>Assuming a conservative exit multiple of ~15x P/FCF (a &#34;China&#34; discount is embedded into this assumption), Alibaba&#39;s stock could be trading at ~$430 five years from now (by 2028). This price target implies a 5-yr CAGR return of ~38.6% from current levels.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b7b75465f4c112f50221dbaf37af58c\" alt=\"TQI Valuation Model (TQIG.org)\" title=\"TQI Valuation Model (TQIG.org)\" tg-width=\"640\" tg-height=\"321\"/><span>TQI Valuation Model (TQIG.org)</span></p><p>Considering the asymmetric risk/reward on offer, I continue to view Alibaba as an incredible investment opportunity! Today, investing in Chinese equities is probably riskier than in most other foreign markets due to heightened geopolitical tensions with the US and economic problems within China. However, in Alibaba, investors are being handsomely compensated for taking on this risk. At ~8-9x P/FCF (~6-7x EV/FCF), Alibaba is a no-brainer buy.</p><p><strong>Key Takeaway:</strong> I rate Alibaba a &#34;Strong Buy&#34; in the $80s.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</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>Alibaba Stock: A Screaming Buy At <9x P/FCF</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\">\nAlibaba Stock: A Screaming Buy At <9x P/FCF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-05 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4609414-alibaba-is-baba-stock-buy-after-earnings><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAfter yet another post-ER drop, Alibaba's stock is now as cheap as it was back at the October 2022 lows based on its P/FCF multiple of ~8-9x.With China's economic re-opening not going according...</p>\n\n<a href=\"https://seekingalpha.com/article/4609414-alibaba-is-baba-stock-buy-after-earnings\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","LU0651946864.USD":"贝莱德新兴市场股票收益A2","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","09988":"阿里巴巴-W","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BK4211":"区域性银行","BK4575":"芯片概念","BK4587":"ChatGPT概念","BK4220":"综合零售","BK4535":"淡马锡持仓","BK4524":"宅经济概念","LU0821914370.USD":"贝莱德亚洲成长领袖A2","BK4538":"云计算","BK4527":"明星科技股","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4579":"人工智能","BK4526":"热门中概股","BABA":"阿里巴巴","BK4588":"碎股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4502":"阿里概念","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H"},"source_url":"https://seekingalpha.com/article/4609414-alibaba-is-baba-stock-buy-after-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2341040026","content_text":"SummaryAfter yet another post-ER drop, Alibaba's stock is now as cheap as it was back at the October 2022 lows based on its P/FCF multiple of ~8-9x.With China's economic re-opening not going according to plan so far, Chinese government is expected to provide further economic stimulus in the near future.Despite sluggish sales growth, Alibaba's business trends are improving rapidly, with TTM free cash flow rebounding back up to $25B+ in Q4 FY2023.In this note, we shall briefly review Alibaba's Q4 FY2023 report, determine its fair value & expected returns, analyze its technical chart, and discuss its quant factor grades.Andrew BurtonIntroductionTowards the fag end of last week, Alibaba Group Holding Limited (NYSE:BABA) stock caught a bid and jumped up ~6% in the last couple of trading sessions on the back of news/rumor of a fresh economic stimulus from the Chinese government.As you may know, China's economic re-opening has failed to live up to investor expectations so far. With economic growth recovery looking sluggish, the surge in Chinese equities off of October lows has reversed to a great extent in recent months. Despite reporting solid financial results for Q4 FY2023, Alibaba's trading multiple has dropped back down to ~8-9x P/FCF (~6-7x EV/FCF), levels last seen in October 2022.Data by YChartsWhile BABA is well off of its recent lows, the stock is just as cheap as it was back at those lows in October 2022. At ~$85 per share, Alibaba currently has a market capitalization of about $218B. If we back out BABA's net cash position of $58B, we get to an enterprise value of $160B for Alibaba. Considering Alibaba's TTM free cash flow of ~$25B (figure quoted from Alibaba's Q4 FY2023 financial report), BABA is trading at a depressed EV/FCF multiple of ~6-7x and a P/FCF multiple of ~8-9x.Data by YChartsIn recent quarters, we have noted positive trends across multiple business segments within Alibaba, and the Chinese tech giant looks all set to re-accelerate revenue growth in the near future. More importantly, Alibaba's free cash flow generation has rebounded spectacularly over the last year or so, and its stock is still dirt cheap due to overblown fears around the Chinese economy and geopolitical tensions with the US. Furthermore, management is using Alibaba's free cash flows to fund aggressive stock buybacks, and given BABA's depressed valuations, I think Alibaba's capital return program has the potential to generate massive shareholder returns over the next few years.In this note, we will take a look at Alibaba's pre-earnings estimates and actual performance in Q4 FY2023. Additionally, we will discuss key business metrics for BABA and review its valuation, technicals, and quant factor grades to see if it is a good buy at current levels.What Were Alibaba's Expected Earnings? Did It Beat Earnings?Going into Q4 FY2023 (March 2023) earnings report, Alibaba was projected to record revenues and Normalized EPS of $30.1B and $1.36, respectively. According to Seeking Alpha and several other financial news sites, BABA missed the top line and beat the bottom line estimates.Seeking AlphaHowever, Alibaba's earnings release pegged Q4 FY2023 revenue at $30.31B, which would imply a beat on both top and bottom-line estimates.Alibaba Q4 FY2023 Earnings ReleaseNow, the discrepancy in these numbers is a direct result of different sites using different currency conversion ratios. To avoid any confusion, investors could simply look at Alibaba's figures in the local currency, i.e., RMB. As you can see above, Alibaba's revenue was up 2% y/y to RMB 208.2B (not down 2% y/y, as shown by the USD figures on SA).Seeking AlphaWhile Alibaba's business continues to struggle for growth in a tough macroeconomic environment, (local currency) revenue growth returning to positive territory in Q3 FY2023 and staying in positive territory in Q4 FY2023 (after several quarters of negative growth rates) marks a vital shift in business trends at Alibaba. Now, let's dig a little deeper into Alibaba's quarterly results.BABA Stock Key MetricsIn Q4 FY2023, Alibaba's consolidated revenues grew by a meager +2% y/y in constant currency, with robust growth in International Commerce (+29% y/y), Local Consumer Services (+17% y/y), and Cainiao (+18% y/y) getting offset by weakness in China commerce (-3% y/y) and Cloud (-2% y/y) businesses.Alibaba Q4 FY2023 Earnings PresentationNow, I understand that Alibaba's current sales growth is uninspiring; however, BABA's management is making tremendous progress on the margin (profitability) front by optimizing costs across their business. In Q4 FY2023, BABA's adj. EBITA margin improved by 400 bps to 12% from a year-ago period. And this margin improvement, in combination with positive sales growth, is driving Alibaba's free cash flows higher.In Q4 FY2023, Alibaba produced $4.7B in free cash flow. And Alibaba's TTM FCF now stands at ~$25B. With cash flows rebounding rapidly, Alibaba's management is performing aggressive stock buybacks (~$1.84B in Q4 FY2023) and improving its fortress-like balance sheet, with net cash balance rising to $58B by the end of Q4 FY2023.Alibaba Q4 FY2023 Earnings PresentationAlibaba Q4 FY2023 Earnings PresentationDuring recent earnings conference calls, Alibaba's leadership has highlighted its efforts to unlock shareholder value, and this talk has been followed up via actions such as aggressive stock repurchases, cost optimizations, and business re-organization into several independent units.Here are some key remarks from the Q4 FY2023 earnings release:In an increasingly complex world, we have proactively transformed our organization to strengthen the competitiveness of our businesses through greater independence to address the evolving needs of different customers and capture new opportunities. We are taking concrete steps towards unlocking value from our businesses and are pleased to announce that our board has approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to shareholders, with intention for it to become an independent publicly listed company. - Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group We have established a capital management committee at the Alibaba board level to undertake a comprehensive capital management plan to enhance shareholder value. Alibaba is committed to improving shareholders return through the implementation of a robust capital allocation framework. We are delighted to share that our board has approved the process to start external financing for Alibaba International Digital Commerce Business Group; exploration of IPO for Cainiao Smart Logistics Group; and execution of IPO for Freshippo. - Toby Xu, Chief Financial Officer of Alibaba GroupClearly, Alibaba's management remains committed to its promise of unlocking shareholder value. On the back of an economic re-opening [after the end of draconian zero-COVID policies] and fresh monetary stimulus from PBOC, China's economic growth is projected to recover in coming quarters, with the International Monetary Fund projecting China's GDP growth to reach +5.2% in 2023. As the macroeconomic backdrop improves in China, Alibaba's improving business trends could get even better in the near future.According to consensus analyst estimates, Alibaba is set to record $133.5B in revenue over the next twelve months (FY2024) and then deliver high-single-digit revenue growth in FY2025 and FY2026.Alibaba Revenue Estimates (SeekingAlpha)Alibaba Earnings Estimates (SeekingAlpha)As I see it, Alibaba is a fundamentally-sound business that is set to be a massive beneficiary from China's economic re-opening and any fresh stimulus from the government!What To Expect After Earnings?Before last week's bounce, Alibaba's stock had declined by ~15% in the aftermath of its Q4 FY2023 earnings release in pre-market hours on 18th May 2023. This latest post-ER sell-off saw BABA test a key support level at $77-78 in recent trading sessions. As you can see, Alibaba stock held this level and bounced up ~6% in the last couple of trading sessions.Now, if the stock manages to break out of the descending triangle [marked in purple on the chart below] to the upside (>$90), I see Alibaba stock rallying up to the $120 level (top end of its Stage-I base formation) in quick order. Furthermore, an upside breakout above $120 would represent a qualified \"Inverse Head & Shoulders\" pattern, and the price objective for this formation is roughly $180.Alibaba Stock Chart (6/2/2023) (WeBull Desktop)On the flip side, if Alibaba's stock reverses again and fails to hold the $77-78 level, the stock will likely break down back to the lower end of its Stage-I base at ~$70.In my view, the near to medium-term risk/reward based on technicals is skewed to the upside, and the setup is highly favorable for investors/traders looking to go long BABA at current levels.Now, let's take a look at Alibaba's quant factor grades.Since my last update (three months ago), BABA's Quant Rating score has improved from 3.45/5 to 4.67/5. This improvement has been driven by a positive upgrade in \"Momentum\" [C to C+] and \"Growth\" [D to C], partially offset by a negative downgrade in \"Revisions\" [B+ to C+].Alibaba Quant Factor Grades (SeekingAlpha)Over three months, Alibaba's \"Profitability\" and \"Valuation\" quant factor grades have held up at \"A+\" and \"C+\", respectively. While I agree with most of these grades, I think BABA's valuation is very attractive, and this grade could easily climb up to an \"A\" or \"A+\" in upcoming quarters.As of writing, Alibaba is a \"Strong Buy\" based on SA's Quant Rating System. Furthermore, Seeking Alpha and Wall Street analysts are in agreement with my bullish outlook for Alibaba.Concluding Thoughts: Is BABA Stock A Buy, Sell, or Hold?After yet another post-ER pullback, Alibaba's stock is sitting at a key support level. While Alibaba is struggling to find revenue growth amid economic doldrums in China, BABA's management has made several shareholder-friendly moves in recent months, including cost optimization efforts across the business (improving profitability and cash flow generation), enhancement of Alibaba's capital return program, and business reorganization (breakup into six different units announced in Q1). In my view, all of these moves are set to power a recovery in Alibaba's stock over the coming 12-18 months, with the stock currently trading at a depressed EV/FCF multiple of just ~6-7x.Here are my fair value and expected return estimates for Alibaba:TQI Valuation Model (TQIG.org)As you can see above, Alibaba is worth ~$178.5 per share or $462B, i.e., it is currently undervalued by more than ~50%.Assuming a conservative exit multiple of ~15x P/FCF (a \"China\" discount is embedded into this assumption), Alibaba's stock could be trading at ~$430 five years from now (by 2028). This price target implies a 5-yr CAGR return of ~38.6% from current levels.TQI Valuation Model (TQIG.org)Considering the asymmetric risk/reward on offer, I continue to view Alibaba as an incredible investment opportunity! Today, investing in Chinese equities is probably riskier than in most other foreign markets due to heightened geopolitical tensions with the US and economic problems within China. However, in Alibaba, investors are being handsomely compensated for taking on this risk. At ~8-9x P/FCF (~6-7x EV/FCF), Alibaba is a no-brainer buy.Key Takeaway: I rate Alibaba a \"Strong Buy\" in the $80s.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951303847,"gmtCreate":1673393300390,"gmtModify":1676538828913,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Market bottoming soon already. Standby to enter","listText":"Market bottoming soon already. Standby to enter","text":"Market bottoming soon already. Standby to enter","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9951303847","repostId":"2302011823","repostType":4,"repost":{"id":"2302011823","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":1673389877,"share":"https://ttm.financial/m/news/2302011823?lang=&edition=fundamental","pubTime":"2023-01-11 06:31","market":"us","language":"en","title":"Wall St Ends Higher, Powell Comments Avoid Rate Policy","url":"https://stock-news.laohu8.com/highlight/detail?id=2302011823","media":"Reuters","summary":"* Investors await CPI data Thursday* U.S. earnings season begins this week* Jefferies shares rise af","content":"<html><head></head><body><p>* Investors await CPI data Thursday</p><p>* U.S. earnings season begins this week</p><p>* Jefferies shares rise after results</p><p>* Indexes: Dow up 0.6%, S&amp;P 500 up 0.7%, Nasdaq up 1%</p><p><img src=\"https://static.tigerbbs.com/ac12ad36f9d0b618a059d887b4db841d\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Jan 10 (Reuters) - U.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy.</p><p>In his first public appearance of the year, Powell said at a forum sponsored by the Swedish central bank that the Fed&#39;s independence is essential for it to battle inflation.</p><p>Recent comments by other Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to control inflation. Fed Governor Michelle Bowman said on Tuesday the bank will have to raise interest rates further to combat high inflation.</p><p>&#34;Everybody hangs on every word from the Fed,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York. Powell &#34;didn&#39;t really say anything&#34; about policy, he added.</p><p>Investors anxiously awaited the U.S. consumer prices index report Thursday, which is expected to show some moderation in year-on-year prices in December.</p><p>Traders are betting on a 25-basis point rate hike at the Fed&#39;s upcoming policy meeting in February.</p><p>&#34;There are some indications that inflation is slowing significantly. What investors are really looking for is a gap down in major inflation data that could probably get the Fed&#39;s attention,&#34; Ghriskey said.</p><p>Amazon.com Inc. shares rose 2.9% and gave the Nasdaq and S&amp;P 500 their biggest boosts.</p><p>The Dow Jones Industrial Average rose 186.45 points, or 0.56%, to 33,704.1; the S&amp;P 500 gained 27.16 points, or 0.70%, at 3,919.25; and the Nasdaq Composite added 106.98 points, or 1.01%, at 10,742.63.</p><p>Shares of Microsoft Corp rose 0.8%, a day after Semafor, citing people familiar with the matter, reported that the tech company was in talks to invest $10 billion in ChatGPT-owner OpenAI.</p><p>Communications services was the day&#39;s best-performing sector, while energy rose along with oil prices.</p><p>This week marks the start of the fourth-quarter earnings season for S&amp;P 500 companies, with results from several of Wall Street&#39;s biggest banks due later this week.</p><p>Shares of investment bank Jefferies Financial Group rose 3.8% on Tuesday, a day after it posted its second-best year for investment banking revenue. It also reported a 52.5% slump in fourth-quarter profit.</p><p>Analysts expect overall S&amp;P 500 earnings to have declined 2.2% in the fourth quarter from a year ago, according to IBES data from Refinitiv, as worries about rising rates and the economy mounted.</p><p>Some investors are hoping for signs that the Fed may soon take a break after raising the federal funds rate seven times in 2022.</p><p>The World Bank on Tuesday slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies.</p><p>Volume on U.S. exchanges was 10.02 billion shares, compared with the 10.91 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered decliners on the NYSE by a 2.33-to-1 ratio; on Nasdaq, a 2.45-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted four new 52-week highs and no new lows; the Nasdaq Composite recorded 71 new highs and 30 new lows.</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>Wall St Ends Higher, Powell Comments Avoid Rate Policy</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; 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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\">\nWall St Ends Higher, Powell Comments Avoid Rate Policy\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\">2023-01-11 06:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Investors await CPI data Thursday</p><p>* U.S. earnings season begins this week</p><p>* Jefferies shares rise after results</p><p>* Indexes: Dow up 0.6%, S&amp;P 500 up 0.7%, Nasdaq up 1%</p><p><img src=\"https://static.tigerbbs.com/ac12ad36f9d0b618a059d887b4db841d\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Jan 10 (Reuters) - U.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy.</p><p>In his first public appearance of the year, Powell said at a forum sponsored by the Swedish central bank that the Fed&#39;s independence is essential for it to battle inflation.</p><p>Recent comments by other Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to control inflation. Fed Governor Michelle Bowman said on Tuesday the bank will have to raise interest rates further to combat high inflation.</p><p>&#34;Everybody hangs on every word from the Fed,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York. Powell &#34;didn&#39;t really say anything&#34; about policy, he added.</p><p>Investors anxiously awaited the U.S. consumer prices index report Thursday, which is expected to show some moderation in year-on-year prices in December.</p><p>Traders are betting on a 25-basis point rate hike at the Fed&#39;s upcoming policy meeting in February.</p><p>&#34;There are some indications that inflation is slowing significantly. What investors are really looking for is a gap down in major inflation data that could probably get the Fed&#39;s attention,&#34; Ghriskey said.</p><p>Amazon.com Inc. shares rose 2.9% and gave the Nasdaq and S&amp;P 500 their biggest boosts.</p><p>The Dow Jones Industrial Average rose 186.45 points, or 0.56%, to 33,704.1; the S&amp;P 500 gained 27.16 points, or 0.70%, at 3,919.25; and the Nasdaq Composite added 106.98 points, or 1.01%, at 10,742.63.</p><p>Shares of Microsoft Corp rose 0.8%, a day after Semafor, citing people familiar with the matter, reported that the tech company was in talks to invest $10 billion in ChatGPT-owner OpenAI.</p><p>Communications services was the day&#39;s best-performing sector, while energy rose along with oil prices.</p><p>This week marks the start of the fourth-quarter earnings season for S&amp;P 500 companies, with results from several of Wall Street&#39;s biggest banks due later this week.</p><p>Shares of investment bank Jefferies Financial Group rose 3.8% on Tuesday, a day after it posted its second-best year for investment banking revenue. It also reported a 52.5% slump in fourth-quarter profit.</p><p>Analysts expect overall S&amp;P 500 earnings to have declined 2.2% in the fourth quarter from a year ago, according to IBES data from Refinitiv, as worries about rising rates and the economy mounted.</p><p>Some investors are hoping for signs that the Fed may soon take a break after raising the federal funds rate seven times in 2022.</p><p>The World Bank on Tuesday slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies.</p><p>Volume on U.S. exchanges was 10.02 billion shares, compared with the 10.91 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered decliners on the NYSE by a 2.33-to-1 ratio; on Nasdaq, a 2.45-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted four new 52-week highs and no new lows; the Nasdaq Composite recorded 71 new highs and 30 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4507":"流媒体概念","MSFT":"微软","BK4534":"瑞士信贷持仓","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","AMZN":"亚马逊","BK4576":"AR","JEF":"杰富瑞","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC",".DJI":"道琼斯","BK4535":"淡马锡持仓","BK4524":"宅经济概念","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4577":"网络游戏","BK4527":"明星科技股","BK4559":"巴菲特持仓",".IXIC":"NASDAQ Composite","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4579":"人工智能","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4550":"红杉资本持仓",".SPX":"S&P 500 Index","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4561":"索罗斯持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4581":"高盛持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4096":"电气部件与设备","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4554":"元宇宙及AR概念","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302011823","content_text":"* Investors await CPI data Thursday* U.S. earnings season begins this week* Jefferies shares rise after results* Indexes: Dow up 0.6%, S&P 500 up 0.7%, Nasdaq up 1%NEW YORK, Jan 10 (Reuters) - U.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy.In his first public appearance of the year, Powell said at a forum sponsored by the Swedish central bank that the Fed's independence is essential for it to battle inflation.Recent comments by other Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to control inflation. Fed Governor Michelle Bowman said on Tuesday the bank will have to raise interest rates further to combat high inflation.\"Everybody hangs on every word from the Fed,\" said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. Powell \"didn't really say anything\" about policy, he added.Investors anxiously awaited the U.S. consumer prices index report Thursday, which is expected to show some moderation in year-on-year prices in December.Traders are betting on a 25-basis point rate hike at the Fed's upcoming policy meeting in February.\"There are some indications that inflation is slowing significantly. What investors are really looking for is a gap down in major inflation data that could probably get the Fed's attention,\" Ghriskey said.Amazon.com Inc. shares rose 2.9% and gave the Nasdaq and S&P 500 their biggest boosts.The Dow Jones Industrial Average rose 186.45 points, or 0.56%, to 33,704.1; the S&P 500 gained 27.16 points, or 0.70%, at 3,919.25; and the Nasdaq Composite added 106.98 points, or 1.01%, at 10,742.63.Shares of Microsoft Corp rose 0.8%, a day after Semafor, citing people familiar with the matter, reported that the tech company was in talks to invest $10 billion in ChatGPT-owner OpenAI.Communications services was the day's best-performing sector, while energy rose along with oil prices.This week marks the start of the fourth-quarter earnings season for S&P 500 companies, with results from several of Wall Street's biggest banks due later this week.Shares of investment bank Jefferies Financial Group rose 3.8% on Tuesday, a day after it posted its second-best year for investment banking revenue. It also reported a 52.5% slump in fourth-quarter profit.Analysts expect overall S&P 500 earnings to have declined 2.2% in the fourth quarter from a year ago, according to IBES data from Refinitiv, as worries about rising rates and the economy mounted.Some investors are hoping for signs that the Fed may soon take a break after raising the federal funds rate seven times in 2022.The World Bank on Tuesday slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies.Volume on U.S. exchanges was 10.02 billion shares, compared with the 10.91 billion average for the full session over the last 20 trading days.Advancing issues outnumbered decliners on the NYSE by a 2.33-to-1 ratio; on Nasdaq, a 2.45-to-1 ratio favored advancers.The S&P 500 posted four new 52-week highs and no new lows; the Nasdaq Composite recorded 71 new highs and 30 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":226459057172496,"gmtCreate":1696346991463,"gmtModify":1696346995921,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Jerome powell should be fired.&nbsp;","listText":"Jerome powell should be fired.&nbsp;","text":"Jerome powell should be fired.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/226459057172496","repostId":"1116993578","repostType":4,"repost":{"id":"1116993578","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":1696345485,"share":"https://ttm.financial/m/news/1116993578?lang=&edition=fundamental","pubTime":"2023-10-03 23:04","market":"us","language":"en","title":"Dow Falls 300 Points to Lows of Session on Interest Rate Threat","url":"https://stock-news.laohu8.com/highlight/detail?id=1116993578","media":"Tiger Newspress","summary":"Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.The 10-year Treasury yield traded at 4.735%, climbing to its highest level since Aug. 15, 2007. The bench","content":"<html><head></head><body><p>Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.</p><p style=\"text-align: start;\">The Dow Jones Industrial Average lost 364 points, or 1.1%. The S&amp;P 500 slid 1.3%, and the Nasdaq Composite dropped 1.6%.</p><p style=\"text-align: start;\">Stocks moved to their lows of the session as yields spiked further following the release of the August job openings survey, which signaled a still tight jobs market. The survey showed 9.6 million open roles in the month. Meanwhile, economists polled by Dow Jones had anticipated 8.8 million jobs.</p><p style=\"text-align: start;\">Seasoning and spice manufacturer McCormick &amp; Company led the broad market index’s losses on Tuesday, falling more than 10% after announcing its quarterly earnings. Cruise company Carnival declined by 6.3%, followed by Veralto and Kellogg down 6% and 5.5%, respectively.</p><p style=\"text-align: start;\">The 10-year Treasury yield last traded at 4.756%, reaching its highest level since Aug. 15, 2007. The benchmark yield has surged in the past month, as traders assess the possibility of tighter Federal Reserve for longer. The 30-year Treasury yield climbed to 4.891%, the highest level since Oct. 17, 2007.</p><p style=\"text-align: start;\">Investors have been fretting recently over the potential of higher rates for longer, fearing that tighter monetary policy could tip the economy into a recession. This has pushed Treasury yields to levels not seen in more than a decade.</p><p style=\"text-align: start;\">The rise in yields poses “a major headwind to equities,” according to Alex McGrath, chief investment officer at NorthEnd Private Wealth. “Unless that stays flat or starts moving backwards, it’s just going to be a major headwind to equities across the board going through the end of the year,” McGrath said.</p><p style=\"text-align: start;\">Calamos Investments portfolio specialist Joseph Cusick noted that “Higher rates don’t necessarily have to be bad for the stock market, especially if they are associated with more robust economic activity that is good for earnings prospects.”</p><p style=\"text-align: start;\">“However, higher rates become more problematic for the stock market when they become the basis for safety trades in an uncertain environment,” Cusick added.<br/><br/>Wall Street is coming off a mixed session, after lawmakers in Washington arrived at a short-term agreement over the weekend that headed off a government shutdown.</p><p style=\"text-align: start;\">Investors are hoping to turn the page on a disappointing September for stocks. All three major indexes closed the month and the third quarter lower. The S&amp;P 500 alone lost nearly 5% in September.</p><p style=\"text-align: start;\">That means key economic reports — such as last month’s payroll reports, due Friday — and the kick off of earnings reporting season next week are back in focus.</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>Dow Falls 300 Points to Lows of Session on Interest Rate Threat</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\">\nDow Falls 300 Points to Lows of Session on Interest Rate Threat\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\">2023-10-03 23:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.</p><p style=\"text-align: start;\">The Dow Jones Industrial Average lost 364 points, or 1.1%. The S&amp;P 500 slid 1.3%, and the Nasdaq Composite dropped 1.6%.</p><p style=\"text-align: start;\">Stocks moved to their lows of the session as yields spiked further following the release of the August job openings survey, which signaled a still tight jobs market. The survey showed 9.6 million open roles in the month. Meanwhile, economists polled by Dow Jones had anticipated 8.8 million jobs.</p><p style=\"text-align: start;\">Seasoning and spice manufacturer McCormick &amp; Company led the broad market index’s losses on Tuesday, falling more than 10% after announcing its quarterly earnings. Cruise company Carnival declined by 6.3%, followed by Veralto and Kellogg down 6% and 5.5%, respectively.</p><p style=\"text-align: start;\">The 10-year Treasury yield last traded at 4.756%, reaching its highest level since Aug. 15, 2007. The benchmark yield has surged in the past month, as traders assess the possibility of tighter Federal Reserve for longer. The 30-year Treasury yield climbed to 4.891%, the highest level since Oct. 17, 2007.</p><p style=\"text-align: start;\">Investors have been fretting recently over the potential of higher rates for longer, fearing that tighter monetary policy could tip the economy into a recession. This has pushed Treasury yields to levels not seen in more than a decade.</p><p style=\"text-align: start;\">The rise in yields poses “a major headwind to equities,” according to Alex McGrath, chief investment officer at NorthEnd Private Wealth. “Unless that stays flat or starts moving backwards, it’s just going to be a major headwind to equities across the board going through the end of the year,” McGrath said.</p><p style=\"text-align: start;\">Calamos Investments portfolio specialist Joseph Cusick noted that “Higher rates don’t necessarily have to be bad for the stock market, especially if they are associated with more robust economic activity that is good for earnings prospects.”</p><p style=\"text-align: start;\">“However, higher rates become more problematic for the stock market when they become the basis for safety trades in an uncertain environment,” Cusick added.<br/><br/>Wall Street is coming off a mixed session, after lawmakers in Washington arrived at a short-term agreement over the weekend that headed off a government shutdown.</p><p style=\"text-align: start;\">Investors are hoping to turn the page on a disappointing September for stocks. All three major indexes closed the month and the third quarter lower. The S&amp;P 500 alone lost nearly 5% in September.</p><p style=\"text-align: start;\">That means key economic reports — such as last month’s payroll reports, due Friday — and the kick off of earnings reporting season next week are back in focus.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116993578","content_text":"Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.The Dow Jones Industrial Average lost 364 points, or 1.1%. The S&P 500 slid 1.3%, and the Nasdaq Composite dropped 1.6%.Stocks moved to their lows of the session as yields spiked further following the release of the August job openings survey, which signaled a still tight jobs market. The survey showed 9.6 million open roles in the month. Meanwhile, economists polled by Dow Jones had anticipated 8.8 million jobs.Seasoning and spice manufacturer McCormick & Company led the broad market index’s losses on Tuesday, falling more than 10% after announcing its quarterly earnings. Cruise company Carnival declined by 6.3%, followed by Veralto and Kellogg down 6% and 5.5%, respectively.The 10-year Treasury yield last traded at 4.756%, reaching its highest level since Aug. 15, 2007. The benchmark yield has surged in the past month, as traders assess the possibility of tighter Federal Reserve for longer. The 30-year Treasury yield climbed to 4.891%, the highest level since Oct. 17, 2007.Investors have been fretting recently over the potential of higher rates for longer, fearing that tighter monetary policy could tip the economy into a recession. This has pushed Treasury yields to levels not seen in more than a decade.The rise in yields poses “a major headwind to equities,” according to Alex McGrath, chief investment officer at NorthEnd Private Wealth. “Unless that stays flat or starts moving backwards, it’s just going to be a major headwind to equities across the board going through the end of the year,” McGrath said.Calamos Investments portfolio specialist Joseph Cusick noted that “Higher rates don’t necessarily have to be bad for the stock market, especially if they are associated with more robust economic activity that is good for earnings prospects.”“However, higher rates become more problematic for the stock market when they become the basis for safety trades in an uncertain environment,” Cusick added.Wall Street is coming off a mixed session, after lawmakers in Washington arrived at a short-term agreement over the weekend that headed off a government shutdown.Investors are hoping to turn the page on a disappointing September for stocks. All three major indexes closed the month and the third quarter lower. The S&P 500 alone lost nearly 5% in September.That means key economic reports — such as last month’s payroll reports, due Friday — and the kick off of earnings reporting season next week are back in focus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196578906755080,"gmtCreate":1689033731687,"gmtModify":1689033736021,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Speculative af","listText":"Speculative af","text":"Speculative af","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196578906755080","repostId":"2350156691","repostType":4,"repost":{"id":"2350156691","pubTimestamp":1689032318,"share":"https://ttm.financial/m/news/2350156691?lang=&edition=fundamental","pubTime":"2023-07-11 07:38","market":"us","language":"en","title":"7 EV Stocks to Make Your \"Get Rich\" Dreams Come True","url":"https://stock-news.laohu8.com/highlight/detail?id=2350156691","media":"InvestorPlace","summary":"The electric vehicle boom is accelerating – with no signs of slowing down. So, it just makes sense to look at how to get rich with EV stocks.","content":"<html><head></head><body><ul><li><p><strong>Lithium Americas </strong>(<strong>LAC</strong>): The company is working with <strong>General Motors</strong> (<strong><u>GM</u></strong>) at Thacker Pass.</p></li><li><p><strong>Tesla </strong>(<strong>TSLA</strong>): With improving fundamentals, TSLA could race to higher highs.</p></li><li><p><strong>BYD Co. </strong>(<strong>BYDDF</strong>): BYD is launching a new electric SUV, as direct competition to Tesla’s Model Y.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5f5b5107f11359111dc50a7b96e29f4\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: shutterstock.com/JLStock</p><p>The electric vehicle boom is accelerating – with no signs of slowing down. In fact, thanks to a strong Federal push for decarbonization, EVs already make up 10% of the nation’s total light-duty vehicle market, says American City and County. So, looking at how to get rich with EV stocks makes sense.</p><p>President Biden wants that number closer to 50% by 2030, which could result in 30 to 42 million EVs on U.S. roads alone. Even automakers are seeing big demand. <strong>Ford Motor</strong> (NYSE:<strong>F</strong>), for example, just said sales for its Mustang Mach-E are up 110% year over year.</p><p>Not only is that creating big opportunities for EV makers like <strong>Tesla</strong> (NASDAQ:<strong>TSLA</strong>), but it’s also creating opportunities for lithium and infrastructure. For example, according to the National Renewable Energy Laboratory, we’ll need about $23 billion worth of public charging infrastructure built.</p><p>Until demand starts to weaken, some of the best ways to get rich with EV stocks include:</p><h2 id=\"id_1167404407\">Get Rich with EV Stocks: Lithium Americas (LAC)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/63fb3673f6b103ba4d2ed09f00c1c163\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Wirestock Creators / Shutterstock.com</p><p>One of my favorite ways to trade the EV boom is with lithium stocks, like <strong>Lithium Americas</strong> (NYSE:<strong>LAC</strong>). For one, most EVs are highly dependent on lithium supply. Two, lithium supplies can’t keep up with demand. Three, Lithium Americas is working on the Thacker Pass lithium mine in Nevada, along with <strong>General Motors </strong>(NYSE:<strong>GM</strong>). Even better, Thacker Pass is the largest lithium deposit in the U.S. and the world’s second-largest. In short, there’s a good deal of opportunity. We also have to consider that once the mine is brought online, it could bring in incredible streams of revenue for LAC.</p><p>We also have to remember the company is splitting in two. Lithium Argentina will focus on the Caucharí-Olaroz, Pastos Grandes project, and Sal de la Puna. Lithium Americas will focus on its Thacker Pass lithium project in Nevada.</p><h2 id=\"id_595203932\">Get Rich with EV Stocks: Tesla (TSLA)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/423fc8d528bcfbe46f2701d5c027d804\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Rokas Tenys / Shutterstock.com</p><p>Or, look at Tesla. After crashing from about $325 to about $100, the stock raced back to $276.54. From here, I’d like to see it retest for $325 again shortly. Even analysts at RBC Capital just raised their price target to $305 from $212. KGI Securities raised its price target to $335. Citi raised its price target to $215 from $175.</p><p>Helping, the company just announced charging station partnerships with General Motors and Ford Motor. And there’s also hope TSLA can benefit from the Inflation Reduction Act, which allows some customers to claim up to $7,500 in credits when buying Tesla models. One more thing – At the moment, EVs account for 14% of all auto sales. As that number climbs, TSLA could multiply in size.</p><h2 id=\"id_1017982644\">Get Rich with EV Stocks: BYD Co. (BYDDF)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6eea21f9dc48c2aff9a13e2287e28b04\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: J. Lekavicius / Shutterstock.com</p><p>Another one of the top electric vehicle stocks to buy is <strong>BYD Co. </strong>(OTCMKTS:BYDDF). The company just posted a 411% jump in first-quarter profits year over year. In the quarter, the company’s net profit soared to 4.13 billion yuan, or about $600 million, from 808 million yuan a year earlier. Sales were up about 80% to 120.2 billion yuan from 66.8 billion yuan. All as Chinese consumers raced to buy electric vehicles. Even better, the company is looking to expand in overseas markets as well.</p><p>Even better, BYD is launching a new electric SUV, as direct competition to Tesla’s Model Y. Set for deliveries in the next few weeks, “BYD’s Denza brand said Monday evening it received more than 20,000 pre-orders for its N7 all-electric SUV and announced a price range of 301,800 yuan to 379,800 yuan ($41,680 to $52,452),” says CNBC.</p><h2 id=\"id_2753527158\">Solid Power (SLDP)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72d69604c608a6730dbe9b8d50d8091e\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: T. Schneider / Shutterstock.com</p><p>Its chart may be ugly but don’t write off <strong>Solid Power</strong> (NASDAQ:SLDP). For one, analysts at Needham just reinstated its buy rating with a $5 price target. In addition, the firm added that SLDP is a “well-funded call option.”</p><p>Solid Power is also working to expand its relationship with <strong>BMW</strong> (OTCMKTS:BMWYY) through a joint development agreement. That agreement helped the company see $3.8 million in revenue in the first quarter of 2023, up $1.6 million year-over-year. Plus, the company has two key milestones this year. Investors expect the company to report an improvement in key cell performance metrics. It also is expected to deliver EV cells to its partners by late 2023.</p><p>Plus, BYD just beat Tesla in China again. For June, the company sold 251,685 electrified vehicles, which means it sold more than 700,000 EVs in the second quarter. That’s about 100% growth year over year. Better,</p><p>Even better, <strong>Toyota</strong> (NYSE:<strong>TM</strong>) just said it sees solid-state batteries as a power source for future EVs, which is a sizable catalyst for battery stocks like SLDP. As noted by Reuters, “Toyota will introduce high-performance, solid-state batteries, and other technologies to improve the driving range and cut costs of future electric vehicles (EVs).”</p><h2 id=\"id_3090591808\">ChargePoint (CHPT)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a070198e2b665b5b9db97c2f2380138a\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: JL IMAGES / Shutterstock.com</p><p>Just as there is no EV revolution without lithium, there is no mass adoption of electric vehicles without robust networks of charging stations. This makes <strong>ChargePoint </strong>(NYSE:CHPT) another one of the top EV stocks to buy.</p><p>Governments around the world are racing to build out EV charging infrastructure. In the United States, the Biden Administration aims to have 500,000 EV chargers across the country by 2030. To that end, the Infrastructure Investment and Jobs Act, enacted in November 2021, earmarked $7.5 billion to accomplish this goal.</p><p>Helping, Stifel analyst Stephen Gengaro says CHPT is a stock that investors should seriously consider, saying it’s his “favorite EV charging name,” as noted by TipRanks.com.</p><p>Also, with a buy rating and a $17 price target, he added, “We reiterate our belief that CHPT is well positioned to capitalize on the expected robust growth in EV sales and charger demand over the next several years. We expect the company to deliver solid revenue growth in 2023-25+, and appears on target to deliver positive FCF by the end of calendar 2024.”</p><p>Helping, the company is adopting Tesla’s North American Standard (NACS) connectors for new orders and installations for its customers.</p><h2 id=\"id_1413132943\">KraneShares Electric Vehicles and Future Mobility ETF (KARS)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7bac95cf55d44b132d40dee927c50cf\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: shutterstock.com/Dmytro_Yushchenko</p><p>No list of hot EV ideas is complete with ETFs. Not only do they allow for strong diversification, but they’re also often inexpensive. Look at the <strong>Krane Shares Electric Vehicles and Future Mobility ETF</strong> (NYSEARCA:<strong>KARS</strong>), for example. With an expense ratio of 0.70%, this ETF provides exposure to companies involved in the production of EVs and their components.</p><p>It’s also benchmarked to the Bloomberg Electric Vehicles Index, which includes stocks involved with electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing, and electric infrastructure businesses, according to KraneShares.com. Some of its top holdings include <strong>Albemarle</strong> (NYSE:<strong>ALB</strong>), BYD Co., Tesla, <strong>Panasonic </strong>(OTCMKTS:<strong>PCRFY</strong>), and <strong>Lucid Group</strong> (NASDAQ:<strong>LCID</strong>).</p><p>Since the start of the year, the KARS ETF ran from about $28 to $31.50. From here, I’d eventually like to see the ETF run back to $39.</p><h2 id=\"id_3494825079\"><a href=\"https://laohu8.com/S/EFFE\">Global X</a> Autonomous &amp; Electric Vehicles ETF (DRIV)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ea76038bb272f8be73522414a6ece8c5\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Olivier Le Moal/Shutterstock</p><p>Or look at the <strong>Global X Autonomous &amp; Electric Vehicles ETF</strong> (NASDAQ:<strong>DRIV</strong>), for example. With an expense ratio of 0.68%, the ETF invests in companies involved with autonomous vehicles and technology, EVs, as well as EV components and materials, including lithium and cobalt.</p><p>Better, according to Global X ETFs, “While global EV registrations increased by an estimated 52% in 2022, EVs were still less than 12% of new cars sold, highlighting substantial room for further adoption.” Since the start of the year, the DRIV ETF exploded from about $19.75 to $25.71. From here, I’d like to see it closer to $32 a share.</p></body></html>","source":"investorplace_stock_picks","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>7 EV Stocks to Make Your \"Get Rich\" Dreams Come True</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\">\n7 EV Stocks to Make Your \"Get Rich\" Dreams Come True\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-11 07:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/07/7-ev-stocks-to-make-your-get-rich-dreams-come-true/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lithium Americas (LAC): The company is working with General Motors (GM) at Thacker Pass.Tesla (TSLA): With improving fundamentals, TSLA could race to higher highs.BYD Co. (BYDDF): BYD is launching a ...</p>\n\n<a href=\"https://investorplace.com/2023/07/7-ev-stocks-to-make-your-get-rich-dreams-come-true/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","BK4168":"多种金属与采矿","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LAC":"Lithium Americas Corp.","KARS":"KraneShares Electric Vehicles and Future Mobility Index ETF","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","F":"福特汽车","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","DRIV.AU":"BetaShares Electric Vhcl & Fut Mblty ETF","PLS.AU":"PILBARA MINERALS LTD","03160":"华夏日股对冲","DRIV":"Global X Autonomous & Electric Vehicles ETF","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","08100":"名科国际","CHPT":"ChargePoint Holdings Inc.","LU0823414478.USD":"法巴经典能源转换基金","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4527":"明星科技股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4542":"充电桩","BK7504":"锂钴概念","BK4588":"碎股","TSLA":"特斯拉","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TQQQ":"纳指三倍做多ETF","BK4545":"锂电池","BK4574":"无人驾驶",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","BK4561":"索罗斯持仓","TM":"丰田汽车","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4581":"高盛持仓","SLDP":"Solid Power, Inc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK7507":"资源股","BK1511":"疑似财技股","QID":"纳指两倍做空ETF","ALB":"美国雅保","LCID":"Lucid Group Inc","LU0823411888.USD":"法巴消费创新基金 Cap"},"source_url":"https://investorplace.com/2023/07/7-ev-stocks-to-make-your-get-rich-dreams-come-true/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2350156691","content_text":"Lithium Americas (LAC): The company is working with General Motors (GM) at Thacker Pass.Tesla (TSLA): With improving fundamentals, TSLA could race to higher highs.BYD Co. (BYDDF): BYD is launching a new electric SUV, as direct competition to Tesla’s Model Y.Source: shutterstock.com/JLStockThe electric vehicle boom is accelerating – with no signs of slowing down. In fact, thanks to a strong Federal push for decarbonization, EVs already make up 10% of the nation’s total light-duty vehicle market, says American City and County. So, looking at how to get rich with EV stocks makes sense.President Biden wants that number closer to 50% by 2030, which could result in 30 to 42 million EVs on U.S. roads alone. Even automakers are seeing big demand. Ford Motor (NYSE:F), for example, just said sales for its Mustang Mach-E are up 110% year over year.Not only is that creating big opportunities for EV makers like Tesla (NASDAQ:TSLA), but it’s also creating opportunities for lithium and infrastructure. For example, according to the National Renewable Energy Laboratory, we’ll need about $23 billion worth of public charging infrastructure built.Until demand starts to weaken, some of the best ways to get rich with EV stocks include:Get Rich with EV Stocks: Lithium Americas (LAC)Source: Wirestock Creators / Shutterstock.comOne of my favorite ways to trade the EV boom is with lithium stocks, like Lithium Americas (NYSE:LAC). For one, most EVs are highly dependent on lithium supply. Two, lithium supplies can’t keep up with demand. Three, Lithium Americas is working on the Thacker Pass lithium mine in Nevada, along with General Motors (NYSE:GM). Even better, Thacker Pass is the largest lithium deposit in the U.S. and the world’s second-largest. In short, there’s a good deal of opportunity. We also have to consider that once the mine is brought online, it could bring in incredible streams of revenue for LAC.We also have to remember the company is splitting in two. Lithium Argentina will focus on the Caucharí-Olaroz, Pastos Grandes project, and Sal de la Puna. Lithium Americas will focus on its Thacker Pass lithium project in Nevada.Get Rich with EV Stocks: Tesla (TSLA)Source: Rokas Tenys / Shutterstock.comOr, look at Tesla. After crashing from about $325 to about $100, the stock raced back to $276.54. From here, I’d like to see it retest for $325 again shortly. Even analysts at RBC Capital just raised their price target to $305 from $212. KGI Securities raised its price target to $335. Citi raised its price target to $215 from $175.Helping, the company just announced charging station partnerships with General Motors and Ford Motor. And there’s also hope TSLA can benefit from the Inflation Reduction Act, which allows some customers to claim up to $7,500 in credits when buying Tesla models. One more thing – At the moment, EVs account for 14% of all auto sales. As that number climbs, TSLA could multiply in size.Get Rich with EV Stocks: BYD Co. (BYDDF)Source: J. Lekavicius / Shutterstock.comAnother one of the top electric vehicle stocks to buy is BYD Co. (OTCMKTS:BYDDF). The company just posted a 411% jump in first-quarter profits year over year. In the quarter, the company’s net profit soared to 4.13 billion yuan, or about $600 million, from 808 million yuan a year earlier. Sales were up about 80% to 120.2 billion yuan from 66.8 billion yuan. All as Chinese consumers raced to buy electric vehicles. Even better, the company is looking to expand in overseas markets as well.Even better, BYD is launching a new electric SUV, as direct competition to Tesla’s Model Y. Set for deliveries in the next few weeks, “BYD’s Denza brand said Monday evening it received more than 20,000 pre-orders for its N7 all-electric SUV and announced a price range of 301,800 yuan to 379,800 yuan ($41,680 to $52,452),” says CNBC.Solid Power (SLDP)Source: T. Schneider / Shutterstock.comIts chart may be ugly but don’t write off Solid Power (NASDAQ:SLDP). For one, analysts at Needham just reinstated its buy rating with a $5 price target. In addition, the firm added that SLDP is a “well-funded call option.”Solid Power is also working to expand its relationship with BMW (OTCMKTS:BMWYY) through a joint development agreement. That agreement helped the company see $3.8 million in revenue in the first quarter of 2023, up $1.6 million year-over-year. Plus, the company has two key milestones this year. Investors expect the company to report an improvement in key cell performance metrics. It also is expected to deliver EV cells to its partners by late 2023.Plus, BYD just beat Tesla in China again. For June, the company sold 251,685 electrified vehicles, which means it sold more than 700,000 EVs in the second quarter. That’s about 100% growth year over year. Better,Even better, Toyota (NYSE:TM) just said it sees solid-state batteries as a power source for future EVs, which is a sizable catalyst for battery stocks like SLDP. As noted by Reuters, “Toyota will introduce high-performance, solid-state batteries, and other technologies to improve the driving range and cut costs of future electric vehicles (EVs).”ChargePoint (CHPT)Source: JL IMAGES / Shutterstock.comJust as there is no EV revolution without lithium, there is no mass adoption of electric vehicles without robust networks of charging stations. This makes ChargePoint (NYSE:CHPT) another one of the top EV stocks to buy.Governments around the world are racing to build out EV charging infrastructure. In the United States, the Biden Administration aims to have 500,000 EV chargers across the country by 2030. To that end, the Infrastructure Investment and Jobs Act, enacted in November 2021, earmarked $7.5 billion to accomplish this goal.Helping, Stifel analyst Stephen Gengaro says CHPT is a stock that investors should seriously consider, saying it’s his “favorite EV charging name,” as noted by TipRanks.com.Also, with a buy rating and a $17 price target, he added, “We reiterate our belief that CHPT is well positioned to capitalize on the expected robust growth in EV sales and charger demand over the next several years. We expect the company to deliver solid revenue growth in 2023-25+, and appears on target to deliver positive FCF by the end of calendar 2024.”Helping, the company is adopting Tesla’s North American Standard (NACS) connectors for new orders and installations for its customers.KraneShares Electric Vehicles and Future Mobility ETF (KARS)Source: shutterstock.com/Dmytro_YushchenkoNo list of hot EV ideas is complete with ETFs. Not only do they allow for strong diversification, but they’re also often inexpensive. Look at the Krane Shares Electric Vehicles and Future Mobility ETF (NYSEARCA:KARS), for example. With an expense ratio of 0.70%, this ETF provides exposure to companies involved in the production of EVs and their components.It’s also benchmarked to the Bloomberg Electric Vehicles Index, which includes stocks involved with electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing, and electric infrastructure businesses, according to KraneShares.com. Some of its top holdings include Albemarle (NYSE:ALB), BYD Co., Tesla, Panasonic (OTCMKTS:PCRFY), and Lucid Group (NASDAQ:LCID).Since the start of the year, the KARS ETF ran from about $28 to $31.50. From here, I’d eventually like to see the ETF run back to $39.Global X Autonomous & Electric Vehicles ETF (DRIV)Source: Olivier Le Moal/ShutterstockOr look at the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV), for example. With an expense ratio of 0.68%, the ETF invests in companies involved with autonomous vehicles and technology, EVs, as well as EV components and materials, including lithium and cobalt.Better, according to Global X ETFs, “While global EV registrations increased by an estimated 52% in 2022, EVs were still less than 12% of new cars sold, highlighting substantial room for further adoption.” Since the start of the year, the DRIV ETF exploded from about $19.75 to $25.71. From here, I’d like to see it closer to $32 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980128456,"gmtCreate":1665679955576,"gmtModify":1676537648316,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Wait, thats all? When the market crashes you have so much to write and when it goes up these are what we see?","listText":"Wait, thats all? When the market crashes you have so much to write and when it goes up these are what we see?","text":"Wait, thats all? When the market crashes you have so much to write and when it goes up these are what we see?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980128456","repostId":"1173988719","repostType":4,"repost":{"id":"1173988719","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":1665674487,"share":"https://ttm.financial/m/news/1173988719?lang=&edition=fundamental","pubTime":"2022-10-13 23:21","market":"us","language":"en","title":"U.S. Stocks Trimmed Their Losses and Turned up in Morning Trading; Dow Jones Surged 0.85%, S&P 500 Jumped 0.67% While Nasdaq Rose 0.36%","url":"https://stock-news.laohu8.com/highlight/detail?id=1173988719","media":"Tiger Newspress","summary":"U.S. stocks trimmed their losses and turned up in morning trading; Dow Jones surged 0.85%, S&P 500 j","content":"<html><head></head><body><p>U.S. stocks trimmed their losses and turned up in morning trading; Dow Jones surged 0.85%, S&amp;P 500 jumped 0.67% while Nasdaq rose 0.36%.<img src=\"https://static.tigerbbs.com/96469c8f166f6b51d8b423d11a301bd8\" tg-width=\"629\" tg-height=\"130\" 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>U.S. Stocks Trimmed Their Losses and Turned up in Morning Trading; Dow Jones Surged 0.85%, S&P 500 Jumped 0.67% While Nasdaq Rose 0.36%</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\">\nU.S. Stocks Trimmed Their Losses and Turned up in Morning Trading; Dow Jones Surged 0.85%, S&P 500 Jumped 0.67% While Nasdaq Rose 0.36%\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\">2022-10-13 23:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks trimmed their losses and turned up in morning trading; Dow Jones surged 0.85%, S&amp;P 500 jumped 0.67% while Nasdaq rose 0.36%.<img src=\"https://static.tigerbbs.com/96469c8f166f6b51d8b423d11a301bd8\" tg-width=\"629\" tg-height=\"130\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173988719","content_text":"U.S. stocks trimmed their losses and turned up in morning trading; Dow Jones surged 0.85%, S&P 500 jumped 0.67% while Nasdaq rose 0.36%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990677915,"gmtCreate":1660353368940,"gmtModify":1676533456427,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Notice when it rallys there isnt much story and when it dips all your morgan stanleys and jo morgans or some expert will come telling you doom and gloom stories.&nbsp;","listText":"Notice when it rallys there isnt much story and when it dips all your morgan stanleys and jo morgans or some expert will come telling you doom and gloom stories.&nbsp;","text":"Notice when it rallys there isnt much story and when it dips all your morgan stanleys and jo morgans or some expert will come telling you doom and gloom stories.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990677915","repostId":"1164969868","repostType":4,"repost":{"id":"1164969868","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":1660317942,"share":"https://ttm.financial/m/news/1164969868?lang=&edition=fundamental","pubTime":"2022-08-12 23:25","market":"us","language":"en","title":"U.S. Stocks Cheered up in Morning Trading; Nasdaq Surged Over 1% While Dow Jones Rose Over 0.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1164969868","media":"Tiger Newspress","summary":"U.S. stocks cheered up in morning trading. Nasdaq surged 1.29%; S&P500 jumped 0.89% while Dow Jones ","content":"<html><head></head><body><p>U.S. stocks cheered up in morning trading. Nasdaq surged 1.29%; S&amp;P500 jumped 0.89% while Dow Jones rose 0.56%.<img src=\"https://static.tigerbbs.com/68625f63d63d5cc6fbbc9a17a1d26290\" tg-width=\"625\" tg-height=\"120\" 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>U.S. Stocks Cheered up in Morning Trading; Nasdaq Surged Over 1% While Dow Jones Rose Over 0.5%</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\">\nU.S. Stocks Cheered up in Morning Trading; Nasdaq Surged Over 1% While Dow Jones Rose Over 0.5%\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\">2022-08-12 23:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks cheered up in morning trading. Nasdaq surged 1.29%; S&amp;P500 jumped 0.89% while Dow Jones rose 0.56%.<img src=\"https://static.tigerbbs.com/68625f63d63d5cc6fbbc9a17a1d26290\" tg-width=\"625\" tg-height=\"120\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164969868","content_text":"U.S. stocks cheered up in morning trading. Nasdaq surged 1.29%; S&P500 jumped 0.89% while Dow Jones rose 0.56%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":214508711878672,"gmtCreate":1693407305881,"gmtModify":1693407310371,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Good luck 😂😂😂","listText":"Good luck 😂😂😂","text":"Good luck 😂😂😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214508711878672","repostId":"2363355422","repostType":4,"repost":{"id":"2363355422","pubTimestamp":1693405371,"share":"https://ttm.financial/m/news/2363355422?lang=&edition=fundamental","pubTime":"2023-08-30 22:22","market":"us","language":"en","title":"PDD Holdings: Vastly Undervalued With A Wide Moat","url":"https://stock-news.laohu8.com/highlight/detail?id=2363355422","media":"seekingalpha","summary":"PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.PDD's merchant ecosystem is more competitive and efficient than Taob","content":"<html><head></head><body><ul><li><p>PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.</p></li><li><p>PDD&#39;s merchant ecosystem is more competitive and efficient than Taobao and T-Mall.</p></li><li><p>PDD&#39;s international e-commerce platform, Temu, is replicating the company&#39;s success in China and has shown extraordinary growth.</p></li></ul><p>Editor&#39;s note: Seeking Alpha is proud to welcome CJ Value as a new contributor. It&#39;s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more »</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6f3e659592646eaf0c92c6069ebc79b\" tg-width=\"750\" tg-height=\"500\"/></p><p>Robert Way</p><h2 id=\"id_985257093\">Thesis</h2><p><a href=\"https://laohu8.com/S/PDD\">PDD Holdings</a> has been one of the most misunderstood Chinese companies since its IPO in the U.S due to the company’s secretive culture as well as U.S investors’ lack of first-hand shopping experiences with major domestic Chinese e-commerce players. Most investors view PDD as just another Chinese e-commerce player. But in reality, PDD has a very differentiated and superior business model than JD.com (JD) and Alibaba (BABA). This differentiated business model gives PDD a structural cost advantage against JD and Alibaba. With the recent launch of Temu, PDD’s trying to replicate its success in China across the globe. In my view, the current valuation of PDD is simply too cheap for a company that can still grow at 20-30% over the next 3-5 years.</p><h3 id=\"id_3144160074\">PDD’s differentiated business model</h3><p>While PDD, JD and Alibaba are all internet retailers, their business models are completely different.</p><p>First of all, JD and Alibaba (especially the T-Mall segment) focus mostly on branded products. PDD’s focus is mostly on the so-called “white label” products, or generic brand products. Branded products such as Nike (NKE) and Estee Lauder (EL) usually invest advertising dollars outside of the e-commerce channel to build brand equity and very little advertising on e-commerce channel. Therefore, brands are less willing to pay high commission on e-commerce platforms. But for those “white label” products sellers, because they rely heavily on the e-commerce channel, they are much willing to pay higher commission on e-commerce platforms. This is why PDD has already had a higher monetization rate than Alibaba and JD.</p><p>Monetization rate comparisons:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c74247bfe5a129bcf49dd0f7ad4b9cab\" tg-width=\"640\" tg-height=\"196\"/></p><p>BABA,PDD, and JD&#39;s most recent annual reports</p><p>Secondly, PDD has a different merchant ecosystem. For Taobao and T-Mall, the threshold to open a new store is very high. A Taobao store is very much like an offline store in the sense that it takes time to accumulate customers and reputation. But once the store gets enough good ratings and returning customers, life will be very easy. In a sense, it is a closed system that protects the incumbent stores. PDD’s merchant system is almost the exact opposite. It’s very easy to open a store on the platform. A seller can operate multiple stores. PDD’s algorithm will direct traffic to the store with the lowest cost regardless of how long the store has been running. As long as the store continues to offer high-demand products at the lowest cost, PDD will continue to direct traffic to the store. Unlike a Taobao store, a PDD’s store faces intense competitive pressure every day because of PDD’s intense focus on low cost. This fundamental difference in traffic algorithm makes PDD’s sellers much more competitive than Taobao’s sellers.</p><p>Thirdly, PDD has a much more efficient operating structure than both JD and Alibaba. Alibaba has more than 230,000 employees (as of March 31, 2023), while PDD only has less than 13,000 employees (as of December 31, 2022). The average profit per employee for Alibaba is only 308,000 yuan compared to 2.4 million yuan for PDD. JD’s even worse with more than 450,000 employees (almost 35 times as many employees) but the same level of GMV as PDD. It’s astounding how much more efficient PDD is compared to both Alibaba and JD.</p><p>PDD&#39;s number of employees:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d90b8343604daf7986dd75ec5de74dce\" tg-width=\"640\" tg-height=\"189\"/></p><p>PDD&#39;s annual report (p-108)</p><p>Alibaba&#39;s number of employees:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc5cca280858e58526d006856e33cd0c\" tg-width=\"640\" tg-height=\"53\"/></p><p>Alibaba&#39;s annual report (p-167)</p><p>JD&#39;s number of employees:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c425496f49ccb244df10a8cb94b42514\" tg-width=\"640\" tg-height=\"197\"/></p><p>JD&#39;s annual report (p-148)</p><p>There are other differences in terms of business models among PDD, Alibaba and JD but the aforementioned three are the most important ones. Clearly, PDD has a structural cost advantage against its domestic competitors, and it is very likely PDD will continue to take share from both Alibaba and JD in the future.</p><h2 id=\"id_888485226\">Temu is replicating PDD’s success across the globe</h2><p>PDD launched its international e-commerce platform Temu in September of 2022. Temu’s business model is very similar to the domestic platform Pinduoduo with some differences. First of all, Temu has the discretion in terms of product pricing whereas with Pinduoduo, sellers make their own pricing. Secondly, unlike Pinduoduo, on which sellers are responsible for logistics, Temu is responsible for warehousing and shipping.</p><p>To understand Temu’s business model, all we need to do is to study Shein’s path. What Shein did, in effect, is consolidating China’s excess yet efficient manufacturing capacity and exporting low-cost products overseas. After a few years, Shein has built a world-class supply chain in Southern China. Shein has also cultivated a large group of experienced buyers who are very good at predicting overseas products demand. All Temu needs to do is to stand on Shein’s shoulders and do a better job. So far, Temu has been doing just that. It’s only been less a year since Temu’s launch and Temu has expanded to more than 30 countries. According to Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>, during Q2 of 2023, Temu made it to the top 10 globally most downloaded apps list. Temu’s growth is truly extraordinary.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9901628ec8fa46c45f7232a0e3ee4b18\" tg-width=\"640\" tg-height=\"311\"/></p><p>Google</p><p>Some investors are concerned with Temu’s potential near-term loss due to high customer acquisition cost and huge amount of subsidy. Clearly Temu’s expansion will impact PDD’s near term bottom-line but Temu is almost certainly to become profitable once the expansion phase is over.</p><h2 id=\"id_1578880418\">PDD Valuation - Extremely cheap</h2><p>PDD’s domestic business is likely to grow its GMV from 3.2 trillion yuan in 2022 to almost 6 trillion yuan in 2025, or about $820 billion based on the current exchange rate. PDD&#39;s monetization rate has risen to about 4.3%-4.5% based on my own estimate. If we assume a 4.3% monetization rate and 35% net margin (based on the recent net margin trend), PDD’s domestic business can generate revenue of 252 billion yuan, or about $35 billion, and net profit of 88 billion yuan, or $12 billion. Usually a fast growth business deserves a 25-30 times P/E multiple but considering the geopolitical discount (valuation discount to Chinese ADRs due to escalating geopolitical risks), we&#39;ll apply a 15 times P/E multiple. This will put PDD’s domestic business at a valuation of $181 billion in 2025.</p><p>With Temu, we can use Shein’s valuation as a baseline, which was $100 billion before Temu’s rise and $66 billion at the latest round. Temu has surpassed Shein recently in terms of DAUs and GMV. In three years, Temu can easily be valued at more than $100 billion. Here we&#39;ll use $100 billion as a conservative estimate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/214c544fc136bcacbedec06f1c7e2ce8\" tg-width=\"640\" tg-height=\"177\"/></p><p>Author&#39;s calculation</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70e2ffd3aac792ff31fbd7d9f90e4a9e\" tg-width=\"640\" tg-height=\"329\"/></p><p>Author&#39;s calculation</p><p>Combined, PDD is worth almost $281 billion in three years. At current price (as of August 28, 2023) of barely $104 billion, PDD Holdings looks extremely cheap.</p><h2 id=\"id_1091878999\">Risks to consider</h2><p>The biggest long-term risk to PDD&#39;s business is whether the company can stay focused and lean. So far PDD has maintained its super lean and efficient organizational structure. But almost all big tech companies including Alphabet, <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, Tencent (OTCPK:TCEHY) and Alibaba eventually become too &#34;bloated&#34; and much less efficient as they grow to tech juggernauts. As PDD grows, some day it may face the same problem.</p><p>On the competition side, PDD and Temu face increased competition from live-streaming platforms such as ByteDance&#39;s (BDNCE) Douyin and TikTok. ByteDance is a very formidable competitor both within China and outside.</p><p>Furthermore, both Alibaba and JD have taken efforts to address the competitive threat from PDD. Alibaba has replaced CEO Daniel Zhang with Alibaba&#39;s co-founder and Jack&#39;s Ma right-hand man Joseph Tsai. With the return of Tsai, Alibaba is likely to take dramatic steps in the future to improve the performance of Alibaba&#39;s domestic e-commerce business. Similarly, JD&#39;s founder Richard Liu has also taken on a more active role. It&#39;s almost certain competition will pick up in China in the next few years.</p><h2 id=\"id_2472993560\">Summary</h2><p>To sum up, PDD is a unique e-commerce platform with a differentiated and superior business model. Temu is rapidly replicating PDD&#39;s domestic business overseas. PDD will likely to continue to grow at 20-30% annually in the next 3-5 years. While the stock is extremely volatile, I believe it is too cheap at the moment.</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>PDD Holdings: Vastly Undervalued With A Wide Moat</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\">\nPDD Holdings: Vastly Undervalued With A Wide Moat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-30 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4631929-pdd-holdings-vastly-undervalued-with-wide-moat><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.PDD's merchant ecosystem is more competitive and efficient than ...</p>\n\n<a href=\"https://seekingalpha.com/article/4631929-pdd-holdings-vastly-undervalued-with-wide-moat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","BABA":"阿里巴巴","JD":"京东"},"source_url":"https://seekingalpha.com/article/4631929-pdd-holdings-vastly-undervalued-with-wide-moat","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2363355422","content_text":"PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.PDD's merchant ecosystem is more competitive and efficient than Taobao and T-Mall.PDD's international e-commerce platform, Temu, is replicating the company's success in China and has shown extraordinary growth.Editor's note: Seeking Alpha is proud to welcome CJ Value as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more »Robert WayThesisPDD Holdings has been one of the most misunderstood Chinese companies since its IPO in the U.S due to the company’s secretive culture as well as U.S investors’ lack of first-hand shopping experiences with major domestic Chinese e-commerce players. Most investors view PDD as just another Chinese e-commerce player. But in reality, PDD has a very differentiated and superior business model than JD.com (JD) and Alibaba (BABA). This differentiated business model gives PDD a structural cost advantage against JD and Alibaba. With the recent launch of Temu, PDD’s trying to replicate its success in China across the globe. In my view, the current valuation of PDD is simply too cheap for a company that can still grow at 20-30% over the next 3-5 years.PDD’s differentiated business modelWhile PDD, JD and Alibaba are all internet retailers, their business models are completely different.First of all, JD and Alibaba (especially the T-Mall segment) focus mostly on branded products. PDD’s focus is mostly on the so-called “white label” products, or generic brand products. Branded products such as Nike (NKE) and Estee Lauder (EL) usually invest advertising dollars outside of the e-commerce channel to build brand equity and very little advertising on e-commerce channel. Therefore, brands are less willing to pay high commission on e-commerce platforms. But for those “white label” products sellers, because they rely heavily on the e-commerce channel, they are much willing to pay higher commission on e-commerce platforms. This is why PDD has already had a higher monetization rate than Alibaba and JD.Monetization rate comparisons:BABA,PDD, and JD's most recent annual reportsSecondly, PDD has a different merchant ecosystem. For Taobao and T-Mall, the threshold to open a new store is very high. A Taobao store is very much like an offline store in the sense that it takes time to accumulate customers and reputation. But once the store gets enough good ratings and returning customers, life will be very easy. In a sense, it is a closed system that protects the incumbent stores. PDD’s merchant system is almost the exact opposite. It’s very easy to open a store on the platform. A seller can operate multiple stores. PDD’s algorithm will direct traffic to the store with the lowest cost regardless of how long the store has been running. As long as the store continues to offer high-demand products at the lowest cost, PDD will continue to direct traffic to the store. Unlike a Taobao store, a PDD’s store faces intense competitive pressure every day because of PDD’s intense focus on low cost. This fundamental difference in traffic algorithm makes PDD’s sellers much more competitive than Taobao’s sellers.Thirdly, PDD has a much more efficient operating structure than both JD and Alibaba. Alibaba has more than 230,000 employees (as of March 31, 2023), while PDD only has less than 13,000 employees (as of December 31, 2022). The average profit per employee for Alibaba is only 308,000 yuan compared to 2.4 million yuan for PDD. JD’s even worse with more than 450,000 employees (almost 35 times as many employees) but the same level of GMV as PDD. It’s astounding how much more efficient PDD is compared to both Alibaba and JD.PDD's number of employees:PDD's annual report (p-108)Alibaba's number of employees:Alibaba's annual report (p-167)JD's number of employees:JD's annual report (p-148)There are other differences in terms of business models among PDD, Alibaba and JD but the aforementioned three are the most important ones. Clearly, PDD has a structural cost advantage against its domestic competitors, and it is very likely PDD will continue to take share from both Alibaba and JD in the future.Temu is replicating PDD’s success across the globePDD launched its international e-commerce platform Temu in September of 2022. Temu’s business model is very similar to the domestic platform Pinduoduo with some differences. First of all, Temu has the discretion in terms of product pricing whereas with Pinduoduo, sellers make their own pricing. Secondly, unlike Pinduoduo, on which sellers are responsible for logistics, Temu is responsible for warehousing and shipping.To understand Temu’s business model, all we need to do is to study Shein’s path. What Shein did, in effect, is consolidating China’s excess yet efficient manufacturing capacity and exporting low-cost products overseas. After a few years, Shein has built a world-class supply chain in Southern China. Shein has also cultivated a large group of experienced buyers who are very good at predicting overseas products demand. All Temu needs to do is to stand on Shein’s shoulders and do a better job. So far, Temu has been doing just that. It’s only been less a year since Temu’s launch and Temu has expanded to more than 30 countries. According to Sensor Tower, during Q2 of 2023, Temu made it to the top 10 globally most downloaded apps list. Temu’s growth is truly extraordinary.GoogleSome investors are concerned with Temu’s potential near-term loss due to high customer acquisition cost and huge amount of subsidy. Clearly Temu’s expansion will impact PDD’s near term bottom-line but Temu is almost certainly to become profitable once the expansion phase is over.PDD Valuation - Extremely cheapPDD’s domestic business is likely to grow its GMV from 3.2 trillion yuan in 2022 to almost 6 trillion yuan in 2025, or about $820 billion based on the current exchange rate. PDD's monetization rate has risen to about 4.3%-4.5% based on my own estimate. If we assume a 4.3% monetization rate and 35% net margin (based on the recent net margin trend), PDD’s domestic business can generate revenue of 252 billion yuan, or about $35 billion, and net profit of 88 billion yuan, or $12 billion. Usually a fast growth business deserves a 25-30 times P/E multiple but considering the geopolitical discount (valuation discount to Chinese ADRs due to escalating geopolitical risks), we'll apply a 15 times P/E multiple. This will put PDD’s domestic business at a valuation of $181 billion in 2025.With Temu, we can use Shein’s valuation as a baseline, which was $100 billion before Temu’s rise and $66 billion at the latest round. Temu has surpassed Shein recently in terms of DAUs and GMV. In three years, Temu can easily be valued at more than $100 billion. Here we'll use $100 billion as a conservative estimate.Author's calculationAuthor's calculationCombined, PDD is worth almost $281 billion in three years. At current price (as of August 28, 2023) of barely $104 billion, PDD Holdings looks extremely cheap.Risks to considerThe biggest long-term risk to PDD's business is whether the company can stay focused and lean. So far PDD has maintained its super lean and efficient organizational structure. But almost all big tech companies including Alphabet, Meta Platforms, Tencent (OTCPK:TCEHY) and Alibaba eventually become too \"bloated\" and much less efficient as they grow to tech juggernauts. As PDD grows, some day it may face the same problem.On the competition side, PDD and Temu face increased competition from live-streaming platforms such as ByteDance's (BDNCE) Douyin and TikTok. ByteDance is a very formidable competitor both within China and outside.Furthermore, both Alibaba and JD have taken efforts to address the competitive threat from PDD. Alibaba has replaced CEO Daniel Zhang with Alibaba's co-founder and Jack's Ma right-hand man Joseph Tsai. With the return of Tsai, Alibaba is likely to take dramatic steps in the future to improve the performance of Alibaba's domestic e-commerce business. Similarly, JD's founder Richard Liu has also taken on a more active role. It's almost certain competition will pick up in China in the next few years.SummaryTo sum up, PDD is a unique e-commerce platform with a differentiated and superior business model. Temu is rapidly replicating PDD's domestic business overseas. PDD will likely to continue to grow at 20-30% annually in the next 3-5 years. While the stock is extremely volatile, I believe it is too cheap at the moment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189396607746224,"gmtCreate":1687265062310,"gmtModify":1687265066041,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"the past does not guarantee the future. drawing&nbsp;charts and all that is just one way to rationalise a person's belief. just keep DCA and you can end this article in one paragraph.","listText":"the past does not guarantee the future. drawing&nbsp;charts and all that is just one way to rationalise a person's belief. just keep DCA and you can end this article in one paragraph.","text":"the past does not guarantee the future. drawing charts and all that is just one way to rationalise a person's belief. just keep DCA and you can end this article in one paragraph.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189396607746224","repostId":"2344097477","repostType":4,"repost":{"id":"2344097477","pubTimestamp":1687274836,"share":"https://ttm.financial/m/news/2344097477?lang=&edition=fundamental","pubTime":"2023-06-20 23:27","market":"us","language":"en","title":"The 1999 Hype Cycle May Be Back","url":"https://stock-news.laohu8.com/highlight/detail?id=2344097477","media":"Seekingalpha","summary":"NDX today If we look at the NDX chart, we can see that we have already rallied well into bull market territory and have left the 50 and 200-day MAs well behind us. Based on my Elliott Wave count, we should head much higher in the coming months. Elliott Wave Theory looks at the market in five-wave impulses and three-wave corre","content":"<html><head></head><body><h2>Thesis Summary</h2><p>The Nasdaq (NDX) continues its unstoppable rally, and I believe there is more to come. We are heading into an “ideal” thanks to a Fed pause, record cash on the sidelines and what I believe are inflated expectations of what AI can do today.</p><p>I am confident that this will end badly, but until then, the party keeps on rocking. I expect tech will reach all-time highs, which is why I advise getting exposure through the Invesco QQQ Trust (NASDAQ:QQQ).</p><p>However, I will be looking at taking profits on the way up, expecting that the market will eventually give up these gains.</p><p>More conservative investors might want to consider buying the “trough of disillusionment”.</p><h2>A Walk Down Memory Lane</h2><p>It seems like just yesterday when everyone was calling for new lows in the stock market. Bearishness was at an all-time high, as often happens with stocks; we got exactly the opposite of the consensus. Markets have been rallying, quite literally, since the release of ChatGPT.</p><p>The situation today looks a lot like the 1999 internet-driven hype, both in terms of sentiment and macro fundamentals.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef9907e15342e2e7c385032d9d21b8c2\" tg-width=\"1280\" tg-height=\"711\"/></p><p>NDX, rates and inflation 1999 (Author&#39;s work)</p><p>The decade of the 90s can be defined as a decade of lowering inflation, monetary easing and great enthusiasm surrounding a new revolutionary technology.</p><p>If we zoom into the last couple of years of this massive tech rally, we can see strong parallelisms with today. The Fed paused rates as inflation came down, and the NDX ripped higher.</p><h2>Will the market mirror 1999?</h2><p>This looks exactly like what we have today. As I’ve mentioned many times before, inflation is coming down for the time being. Following the latest Fed “skip”, it has become quite clear that rate hikes could have come to an end, (though the Fed, in my opinion, is trying to temper the market’s excitement around this). And, to top it off, AI technology promises to revolutionize every aspect of our economy.</p><p>If we look at rates today, they are near where they were in 1995. During the next few years, the Federal Reserve should keep rates at this level and even cut a few times.</p><p>Though we have yet to see the Fed switch to a more accommodative monetary stance, this is already baked into expectations.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c079902e74c7eddc93977ea02146c98\" tg-width=\"640\" tg-height=\"268\"/></p><p>Fed dot plot (CME watch group)</p><p>The Fed has not signalled it will cut rates yet, but this is implied by the Fed funds&#39; future pricing, which is reflected by the red dot on the chart.</p><p>So, we have all the same ingredients, moving forward, as we did in 1999. Rates should remain at similar levels, and we should even see some cuts; AI is changing the way we do business and inflation is coming down.</p><p>Go, tech, go!</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e038c13a39ccb653c2d087646f13c1\" tg-width=\"1280\" tg-height=\"692\"/></p><p>NDX today (Author&#39;s work)</p><p>If we look at the NDX chart, we can see that we have already rallied well into bull market territory and have left the 50 and 200-day MAs well behind us. Based on my Elliott Wave count, we should head much higher in the coming months. Elliott Wave Theory looks at the market in five-wave impulses and three-wave corrective moves, and the current structure would have us finishing this impulse well above previous highs.</p><p>Like in 1999, I believe the NDX will eventually give back a lot of these gains. The AI hype will likely turn into AI disillusionment once we realize that AI, today, is not as revolutionary as we had hoped. Like the internet, though, we should eventually learn to get the most out of it.</p><p>This could be paired with a market panic as inflation starts to creep back up. This is what happened in 1999. Inflation began to creep up, and the Fed was forced to raise rates again, which the market did not take well. The NDX would lose 85% of its value when all was said and done.</p><p>So if it is 1999, how do we invest? Buying tech now, I believe, can still be very lucrative, but it also carries risk. I believe we still have room to the upside, but a harsh sell-off will ensue. We can’t exactly predict when, but we can be on the lookout for important indicators like inflation, employment and Fed policy.</p><p>Alternatively, we can take a more conservative approach and buy the “trough of disillusionment”.</p><h2>The Gartner Hype Cycle</h2><p>The Gartner hype cycle was developed by the American advisory firm Gartner. It is a graphical and conceptual representation of how the public perceives and reacts to new technologies. It outlines five different phases, as shown below.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b499107c605309d16c5809cb1df898b4\" tg-width=\"1200\" tg-height=\"779\"/></p><p>Gartner Hype Cycle (Wikipedia)</p><p>This is a chart describing the Gartner Hype Cycle. New technologies often spark a lot of excitement and hype. This was the case in &#39;99 with the internet, and it is happening right now with AI. But investors and users can get too excited. It’s one thing to think about how AI will revolutionize the world, and a whole other story to implement it. This is what eventually leads to a trough of disillusionment, or in market terms, to a big sell-off.</p><p>The trough of disillusionment offers a great chance to begin to invest. In other words, instead of buying into the pre-dot.com crash hype, a much simpler and more effective approach, as history has shown, would have been to buy the lows in the Nasdaq after the crash.</p><h2>Final Thoughts</h2><p>In conclusion, I see many similarities between today’s bull run and the kind of price action we got leading up to the 1999 crash. I believe this rally will continue as inflation continues to fall, the economy remains strong, and the Fed pauses its rate hikes. However, I expect the other shoe will drop eventually. A recession should come, which could be much worse than 1999. Household debt is higher than ever, and fiscal responses to a crisis this time around could be much more inflationary.</p><p>With that said, and despite the Gartner Hype cycle, I am not sitting this rally out. I have been invested in tech for some time and will continue to be until I see a reason not to be.</p><p>If you aren’t invested already, I fully recommend gaining exposure through QQQ. This ETF tracks the Nasdaq, which in turn is made up of the large-cap names that have outperformed so much in recent weeks; Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Tesla (TSLA), Alphabet (GOOG) (GOOGL).</p><p>However, tech is quite overbought here, and I do see good opportunities in other assets and sectors in the more immediate term.</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>The 1999 Hype Cycle May Be Back</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 1999 Hype Cycle May Be Back\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-20 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4612378-1999-hype-cycle-may-be-back><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Thesis SummaryThe Nasdaq (NDX) continues its unstoppable rally, and I believe there is more to come. We are heading into an “ideal” thanks to a Fed pause, record cash on the sidelines and what I ...</p>\n\n<a href=\"https://seekingalpha.com/article/4612378-1999-hype-cycle-may-be-back\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4612378-1999-hype-cycle-may-be-back","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2344097477","content_text":"Thesis SummaryThe Nasdaq (NDX) continues its unstoppable rally, and I believe there is more to come. We are heading into an “ideal” thanks to a Fed pause, record cash on the sidelines and what I believe are inflated expectations of what AI can do today.I am confident that this will end badly, but until then, the party keeps on rocking. I expect tech will reach all-time highs, which is why I advise getting exposure through the Invesco QQQ Trust (NASDAQ:QQQ).However, I will be looking at taking profits on the way up, expecting that the market will eventually give up these gains.More conservative investors might want to consider buying the “trough of disillusionment”.A Walk Down Memory LaneIt seems like just yesterday when everyone was calling for new lows in the stock market. Bearishness was at an all-time high, as often happens with stocks; we got exactly the opposite of the consensus. Markets have been rallying, quite literally, since the release of ChatGPT.The situation today looks a lot like the 1999 internet-driven hype, both in terms of sentiment and macro fundamentals.NDX, rates and inflation 1999 (Author's work)The decade of the 90s can be defined as a decade of lowering inflation, monetary easing and great enthusiasm surrounding a new revolutionary technology.If we zoom into the last couple of years of this massive tech rally, we can see strong parallelisms with today. The Fed paused rates as inflation came down, and the NDX ripped higher.Will the market mirror 1999?This looks exactly like what we have today. As I’ve mentioned many times before, inflation is coming down for the time being. Following the latest Fed “skip”, it has become quite clear that rate hikes could have come to an end, (though the Fed, in my opinion, is trying to temper the market’s excitement around this). And, to top it off, AI technology promises to revolutionize every aspect of our economy.If we look at rates today, they are near where they were in 1995. During the next few years, the Federal Reserve should keep rates at this level and even cut a few times.Though we have yet to see the Fed switch to a more accommodative monetary stance, this is already baked into expectations.Fed dot plot (CME watch group)The Fed has not signalled it will cut rates yet, but this is implied by the Fed funds' future pricing, which is reflected by the red dot on the chart.So, we have all the same ingredients, moving forward, as we did in 1999. Rates should remain at similar levels, and we should even see some cuts; AI is changing the way we do business and inflation is coming down.Go, tech, go!NDX today (Author's work)If we look at the NDX chart, we can see that we have already rallied well into bull market territory and have left the 50 and 200-day MAs well behind us. Based on my Elliott Wave count, we should head much higher in the coming months. Elliott Wave Theory looks at the market in five-wave impulses and three-wave corrective moves, and the current structure would have us finishing this impulse well above previous highs.Like in 1999, I believe the NDX will eventually give back a lot of these gains. The AI hype will likely turn into AI disillusionment once we realize that AI, today, is not as revolutionary as we had hoped. Like the internet, though, we should eventually learn to get the most out of it.This could be paired with a market panic as inflation starts to creep back up. This is what happened in 1999. Inflation began to creep up, and the Fed was forced to raise rates again, which the market did not take well. The NDX would lose 85% of its value when all was said and done.So if it is 1999, how do we invest? Buying tech now, I believe, can still be very lucrative, but it also carries risk. I believe we still have room to the upside, but a harsh sell-off will ensue. We can’t exactly predict when, but we can be on the lookout for important indicators like inflation, employment and Fed policy.Alternatively, we can take a more conservative approach and buy the “trough of disillusionment”.The Gartner Hype CycleThe Gartner hype cycle was developed by the American advisory firm Gartner. It is a graphical and conceptual representation of how the public perceives and reacts to new technologies. It outlines five different phases, as shown below.Gartner Hype Cycle (Wikipedia)This is a chart describing the Gartner Hype Cycle. New technologies often spark a lot of excitement and hype. This was the case in '99 with the internet, and it is happening right now with AI. But investors and users can get too excited. It’s one thing to think about how AI will revolutionize the world, and a whole other story to implement it. This is what eventually leads to a trough of disillusionment, or in market terms, to a big sell-off.The trough of disillusionment offers a great chance to begin to invest. In other words, instead of buying into the pre-dot.com crash hype, a much simpler and more effective approach, as history has shown, would have been to buy the lows in the Nasdaq after the crash.Final ThoughtsIn conclusion, I see many similarities between today’s bull run and the kind of price action we got leading up to the 1999 crash. I believe this rally will continue as inflation continues to fall, the economy remains strong, and the Fed pauses its rate hikes. However, I expect the other shoe will drop eventually. A recession should come, which could be much worse than 1999. Household debt is higher than ever, and fiscal responses to a crisis this time around could be much more inflationary.With that said, and despite the Gartner Hype cycle, I am not sitting this rally out. I have been invested in tech for some time and will continue to be until I see a reason not to be.If you aren’t invested already, I fully recommend gaining exposure through QQQ. This ETF tracks the Nasdaq, which in turn is made up of the large-cap names that have outperformed so much in recent weeks; Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Tesla (TSLA), Alphabet (GOOG) (GOOGL).However, tech is quite overbought here, and I do see good opportunities in other assets and sectors in the more immediate term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917613160,"gmtCreate":1665497456951,"gmtModify":1676537616664,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"never trust what jp morgan says. Your welcome","listText":"never trust what jp morgan says. Your welcome","text":"never trust what jp morgan says. Your welcome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9917613160","repostId":"1163331801","repostType":4,"repost":{"id":"1163331801","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":1665495165,"share":"https://ttm.financial/m/news/1163331801?lang=&edition=fundamental","pubTime":"2022-10-11 21:32","market":"us","language":"en","title":"U.S. Stocks Fall As Investors Look Ahead to Key Inflation Data, Earnings Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=1163331801","media":"Tiger Newspress","summary":"U.S. stocks fell Tuesday after the Nasdaq Composite closed at its lowest in two years during the reg","content":"<html><head></head><body><p>U.S. stocks fell Tuesday after the Nasdaq Composite closed at its lowest in two years during the regular session as investors looked ahead to key inflation data and the start of earnings season.</p><p>The Dow Jones Industrial Average fell 66 points, or 0.23%, rebounding from a slump that took the index down about 200 points in premarket trading. The S&amp;P 500 declined 0.48% while the Nasdaq Composite slipped 0.52%.</p><p>Stocks closed lower Monday, with the Nasdaq Composite falling 1% following a drop in semiconductor stocks. The Dow Jones Industrial Average shed nearly 94 points, or 0.3%, while the S&amp;P 500 declined about 0.8%.</p><p>Bond prices also fell. The yield on the U.S. 10-year Treasury rose about five basis points to 3.937% after nearing the key 4% level overnight. Bond yields are inverse to prices, and a basis point is one hundredth of one percent.</p><p>The moves came as investors weighed comments from JPMorgan CEO Jamie Dimon, who warned that the U.S. would likely fall into a recession over the next “six to nine months,” and said the S&amp;P 500 could fall another 20% depending on whether the Federal Reserve engineers a soft or a hard landing for the economy.</p><p>Those remarks came at the start of a big week for third quarter bank earnings, and ahead of Wednesday’s producer price report, Thursday’s consumer price index report for September and Friday’s retail sales numbers, also for last month.</p><p>Investor reaction is focused solely on how the Federal Reserve will react to the economy as it works to dampen inflation.</p><p>“This is an awful stock market environment that is grappling with a weakening economy, uncertainty over earnings and how long the Fed’s tightening will last, and sentiment issues with an extremely risk averse investor psychology,” said David Bahnsen, chief investment officer of The Bahnsen Group, in a Tuesday note.</p><p>“We believe the Fed will raise interest rates one or two more times until the Fed funds rate reaches 4% and then take a pause, at which point the Fed will assess the damage done,” he added.</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>U.S. Stocks Fall As Investors Look Ahead to Key Inflation Data, Earnings Reports</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\">\nU.S. Stocks Fall As Investors Look Ahead to Key Inflation Data, Earnings Reports\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\">2022-10-11 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks fell Tuesday after the Nasdaq Composite closed at its lowest in two years during the regular session as investors looked ahead to key inflation data and the start of earnings season.</p><p>The Dow Jones Industrial Average fell 66 points, or 0.23%, rebounding from a slump that took the index down about 200 points in premarket trading. The S&amp;P 500 declined 0.48% while the Nasdaq Composite slipped 0.52%.</p><p>Stocks closed lower Monday, with the Nasdaq Composite falling 1% following a drop in semiconductor stocks. The Dow Jones Industrial Average shed nearly 94 points, or 0.3%, while the S&amp;P 500 declined about 0.8%.</p><p>Bond prices also fell. The yield on the U.S. 10-year Treasury rose about five basis points to 3.937% after nearing the key 4% level overnight. Bond yields are inverse to prices, and a basis point is one hundredth of one percent.</p><p>The moves came as investors weighed comments from JPMorgan CEO Jamie Dimon, who warned that the U.S. would likely fall into a recession over the next “six to nine months,” and said the S&amp;P 500 could fall another 20% depending on whether the Federal Reserve engineers a soft or a hard landing for the economy.</p><p>Those remarks came at the start of a big week for third quarter bank earnings, and ahead of Wednesday’s producer price report, Thursday’s consumer price index report for September and Friday’s retail sales numbers, also for last month.</p><p>Investor reaction is focused solely on how the Federal Reserve will react to the economy as it works to dampen inflation.</p><p>“This is an awful stock market environment that is grappling with a weakening economy, uncertainty over earnings and how long the Fed’s tightening will last, and sentiment issues with an extremely risk averse investor psychology,” said David Bahnsen, chief investment officer of The Bahnsen Group, in a Tuesday note.</p><p>“We believe the Fed will raise interest rates one or two more times until the Fed funds rate reaches 4% and then take a pause, at which point the Fed will assess the damage done,” he added.</p></body></html>\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":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163331801","content_text":"U.S. stocks fell Tuesday after the Nasdaq Composite closed at its lowest in two years during the regular session as investors looked ahead to key inflation data and the start of earnings season.The Dow Jones Industrial Average fell 66 points, or 0.23%, rebounding from a slump that took the index down about 200 points in premarket trading. The S&P 500 declined 0.48% while the Nasdaq Composite slipped 0.52%.Stocks closed lower Monday, with the Nasdaq Composite falling 1% following a drop in semiconductor stocks. The Dow Jones Industrial Average shed nearly 94 points, or 0.3%, while the S&P 500 declined about 0.8%.Bond prices also fell. The yield on the U.S. 10-year Treasury rose about five basis points to 3.937% after nearing the key 4% level overnight. Bond yields are inverse to prices, and a basis point is one hundredth of one percent.The moves came as investors weighed comments from JPMorgan CEO Jamie Dimon, who warned that the U.S. would likely fall into a recession over the next “six to nine months,” and said the S&P 500 could fall another 20% depending on whether the Federal Reserve engineers a soft or a hard landing for the economy.Those remarks came at the start of a big week for third quarter bank earnings, and ahead of Wednesday’s producer price report, Thursday’s consumer price index report for September and Friday’s retail sales numbers, also for last month.Investor reaction is focused solely on how the Federal Reserve will react to the economy as it works to dampen inflation.“This is an awful stock market environment that is grappling with a weakening economy, uncertainty over earnings and how long the Fed’s tightening will last, and sentiment issues with an extremely risk averse investor psychology,” said David Bahnsen, chief investment officer of The Bahnsen Group, in a Tuesday note.“We believe the Fed will raise interest rates one or two more times until the Fed funds rate reaches 4% and then take a pause, at which point the Fed will assess the damage done,” he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368126677438704,"gmtCreate":1730892519734,"gmtModify":1730892523469,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Why?","listText":"Why?","text":"Why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/368126677438704","repostId":"1193779150","repostType":4,"repost":{"id":"1193779150","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":1730891061,"share":"https://ttm.financial/m/news/1193779150?lang=&edition=fundamental","pubTime":"2024-11-06 19:04","market":"us","language":"en","title":"Chinese ADRs Slumped in Premarket Trading with PDD Tumbling Over 6%","url":"https://stock-news.laohu8.com/highlight/detail?id=1193779150","media":"Tiger Newspress","summary":"Chinese ADRs slumped in premarket trading with PDD tumbling over 6%.","content":"<html><head></head><body><p>Chinese ADRs slumped in premarket trading with PDD tumbling over 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/adbce2caf9fcd8448131150b911b694e\" tg-width=\"275\" tg-height=\"841\"/></p><p></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 ADRs Slumped in Premarket Trading with PDD Tumbling Over 6%</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 ADRs Slumped in Premarket Trading with PDD Tumbling Over 6%\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\">2024-11-06 19:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese ADRs slumped in premarket trading with PDD tumbling over 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/adbce2caf9fcd8448131150b911b694e\" tg-width=\"275\" tg-height=\"841\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","JD":"京东","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193779150","content_text":"Chinese ADRs slumped in premarket trading with PDD tumbling over 6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291108671992064,"gmtCreate":1712097463184,"gmtModify":1712097468117,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Its easy to say and find all the info to dupport it. But are you going to take any accountability if your wrong? No. Am i right?","listText":"Its easy to say and find all the info to dupport it. But are you going to take any accountability if your wrong? No. Am i right?","text":"Its easy to say and find all the info to dupport it. But are you going to take any accountability if your wrong? No. Am i right?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291108671992064","repostId":"2424042555","repostType":4,"repost":{"id":"2424042555","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":1712069657,"share":"https://ttm.financial/m/news/2424042555?lang=&edition=fundamental","pubTime":"2024-04-02 22:54","market":"hk","language":"en","title":"Wall Street Strategist Who Called Dot-Com Crash Says Stocks Are in a Bubble Driven by Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=2424042555","media":"Dow Jones","summary":"SocGen's Albert Edwards says the artificial-intelligence craze is getting out of hand. The artificial-intelligence craze and a \"loosey goosey\" Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the \"artificial intelligence revolution\" will drive a boom in corporate earnings.In the past, the S&P 500 has closely tracked analysts' optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.As stock-market bulls wait around for AI to drive earnings into the stratosphere, \"those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward","content":"<html><head></head><body><p>The artificial-intelligence craze and a &#34;loosey goosey&#34; Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.</p><p>According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the &#34;artificial intelligence revolution&#34; will drive a boom in corporate earnings.</p><p>But the reality is that AI has yet to deliver stronger earnings growth outside of a handful of companies, like Nvidia Corp <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>. As a result, analysts&#39; earnings revisions have failed to keep up as the S&amp;P 500 index rallied nearly 30% in five months, according to FactSet data, driving valuations to levels that are expensive relative to recent history.</p><p>The S&amp;P 500 recently traded at more than 20 times forward earnings, which is above its five- and 10-year averages and the highest level since January 2022, according to FactSet.</p><p>So far, AI hype isn&#39;t feeding through to expectations for stronger earnings in the immediate future. Over the past six months, the share of analysts&#39; earnings revisions that are upgrades has trended lower for both the S&amp;P 1500 Composite XX:SP1500 and the Nasdaq-100 NDX.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/20b2bf023bf6f517028d5cec3ae098ef\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"352\"/><span>SOCIETE GENERALE</span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/584b8397561c4a522da4d2f5800ca5bd\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"344\"/><span>SOCIETE GENERALE</span></p><p>In the past, the S&amp;P 500 has closely tracked analysts&#39; optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/597a0028992bb61cbf360be7dd5d5b4f\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"339\"/><span>SOCIETE GENERALE</span></p><p>As stock-market bulls wait around for AI to drive earnings into the stratosphere, &#34;those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward,&#34; Edwards said.</p><p>Instead of being driven by stronger profits, the true source of the market&#39;s strength appears to be abundant Fed-induced liquidity. Edwards is hardly alone in pointing this out.</p><p>The notion that the Fed&#39;s quantitative tightening has led to tighter monetary policy is &#34;a joke,&#34; Edwards said. While the Fed shrinks its bondholdings via quantitative tightening, the central bank&#39;s money-market operations are more than offsetting the liquidity drain by pumping more money into the financial system via the consistent drain in the Fed&#39;s reverse-repo facility.</p><p>This has caused the monetary base in the U.S. to expand over the past year, which isn&#39;t exactly consistent with the Fed&#39;s claims to be draining liquidity from the financial system, Edwards said.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f0b40562e2851622a5c73db430d8917d\" title=\"\" tg-width=\"700\" tg-height=\"341\"/></p><p>Meanwhile, the U.S. economy has received plenty of help from the federal government in the form of huge fiscal stimulus, which has helped it avoid a recession despite the Fed&#39;s interest-rate hikes, Edwards said. Consumers tapping into their excess pandemic-era savings and signs that large companies are increasingly benefiting from higher interest rates and &#34;greedflation&#34; have also helped support economic growth, he said.</p><p>Edwards is extremely familiar with the conditions that led to the dot-com bubble. After all, he was one of a handful of people on Wall Street to anticipate the crash that began in March 2000, when the S&amp;P 500 and Nasdaq hit their bubble-era peak, kicking off a bear market that would last for nearly three years.</p><p>After seeing their strongest start to a year since 2019, U.S. stocks have gotten off to a rough start in the second quarter. The S&amp;P 500 SPX was down 59 points, or 1.1%, in recent trade on Tuesday at 5,204, on track to fall for a second-straight day. The Dow Jones Industrial Average DJIA shed 449 points, or 1.1%, to 39,116. Meanwhile, the Nasdaq Composite COMP was off by 254 points, or 1.6%, at 16,140.</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>Wall Street Strategist Who Called Dot-Com Crash Says Stocks Are in a Bubble Driven by Fed</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\">\nWall Street Strategist Who Called Dot-Com Crash Says Stocks Are in a Bubble Driven by Fed\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\">2024-04-02 22:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The artificial-intelligence craze and a &#34;loosey goosey&#34; Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.</p><p>According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the &#34;artificial intelligence revolution&#34; will drive a boom in corporate earnings.</p><p>But the reality is that AI has yet to deliver stronger earnings growth outside of a handful of companies, like Nvidia Corp <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>. As a result, analysts&#39; earnings revisions have failed to keep up as the S&amp;P 500 index rallied nearly 30% in five months, according to FactSet data, driving valuations to levels that are expensive relative to recent history.</p><p>The S&amp;P 500 recently traded at more than 20 times forward earnings, which is above its five- and 10-year averages and the highest level since January 2022, according to FactSet.</p><p>So far, AI hype isn&#39;t feeding through to expectations for stronger earnings in the immediate future. Over the past six months, the share of analysts&#39; earnings revisions that are upgrades has trended lower for both the S&amp;P 1500 Composite XX:SP1500 and the Nasdaq-100 NDX.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/20b2bf023bf6f517028d5cec3ae098ef\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"352\"/><span>SOCIETE GENERALE</span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/584b8397561c4a522da4d2f5800ca5bd\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"344\"/><span>SOCIETE GENERALE</span></p><p>In the past, the S&amp;P 500 has closely tracked analysts&#39; optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/597a0028992bb61cbf360be7dd5d5b4f\" alt=\"SOCIETE GENERALE\" title=\"SOCIETE GENERALE\" tg-width=\"700\" tg-height=\"339\"/><span>SOCIETE GENERALE</span></p><p>As stock-market bulls wait around for AI to drive earnings into the stratosphere, &#34;those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward,&#34; Edwards said.</p><p>Instead of being driven by stronger profits, the true source of the market&#39;s strength appears to be abundant Fed-induced liquidity. Edwards is hardly alone in pointing this out.</p><p>The notion that the Fed&#39;s quantitative tightening has led to tighter monetary policy is &#34;a joke,&#34; Edwards said. While the Fed shrinks its bondholdings via quantitative tightening, the central bank&#39;s money-market operations are more than offsetting the liquidity drain by pumping more money into the financial system via the consistent drain in the Fed&#39;s reverse-repo facility.</p><p>This has caused the monetary base in the U.S. to expand over the past year, which isn&#39;t exactly consistent with the Fed&#39;s claims to be draining liquidity from the financial system, Edwards said.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f0b40562e2851622a5c73db430d8917d\" title=\"\" tg-width=\"700\" tg-height=\"341\"/></p><p>Meanwhile, the U.S. economy has received plenty of help from the federal government in the form of huge fiscal stimulus, which has helped it avoid a recession despite the Fed&#39;s interest-rate hikes, Edwards said. Consumers tapping into their excess pandemic-era savings and signs that large companies are increasingly benefiting from higher interest rates and &#34;greedflation&#34; have also helped support economic growth, he said.</p><p>Edwards is extremely familiar with the conditions that led to the dot-com bubble. After all, he was one of a handful of people on Wall Street to anticipate the crash that began in March 2000, when the S&amp;P 500 and Nasdaq hit their bubble-era peak, kicking off a bear market that would last for nearly three years.</p><p>After seeing their strongest start to a year since 2019, U.S. stocks have gotten off to a rough start in the second quarter. The S&amp;P 500 SPX was down 59 points, or 1.1%, in recent trade on Tuesday at 5,204, on track to fall for a second-straight day. The Dow Jones Industrial Average DJIA shed 449 points, or 1.1%, to 39,116. Meanwhile, the Nasdaq Composite COMP was off by 254 points, or 1.6%, at 16,140.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","NVDA":"英伟达","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","SDS":"两倍做空标普500ETF","BK4529":"IDC概念","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","SPXU":"三倍做空标普500ETF","UPRO":"三倍做多标普500ETF","BK4585":"ETF&股票定投概念","SH":"标普500反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","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","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4587":"ChatGPT概念","IVV":"标普500指数ETF","LU0072462426.USD":"贝莱德全球配置 A2","SSO":"两倍做多标普500ETF","LU0080751232.USD":"富达环球多元动力基金A","OEF":"标普100指数ETF-iShares","BK4579":"人工智能","BK4141":"半导体产品","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424042555","content_text":"The artificial-intelligence craze and a \"loosey goosey\" Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the \"artificial intelligence revolution\" will drive a boom in corporate earnings.But the reality is that AI has yet to deliver stronger earnings growth outside of a handful of companies, like Nvidia Corp $(NVDA)$. As a result, analysts' earnings revisions have failed to keep up as the S&P 500 index rallied nearly 30% in five months, according to FactSet data, driving valuations to levels that are expensive relative to recent history.The S&P 500 recently traded at more than 20 times forward earnings, which is above its five- and 10-year averages and the highest level since January 2022, according to FactSet.So far, AI hype isn't feeding through to expectations for stronger earnings in the immediate future. Over the past six months, the share of analysts' earnings revisions that are upgrades has trended lower for both the S&P 1500 Composite XX:SP1500 and the Nasdaq-100 NDX.SOCIETE GENERALESOCIETE GENERALEIn the past, the S&P 500 has closely tracked analysts' optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.SOCIETE GENERALEAs stock-market bulls wait around for AI to drive earnings into the stratosphere, \"those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward,\" Edwards said.Instead of being driven by stronger profits, the true source of the market's strength appears to be abundant Fed-induced liquidity. Edwards is hardly alone in pointing this out.The notion that the Fed's quantitative tightening has led to tighter monetary policy is \"a joke,\" Edwards said. While the Fed shrinks its bondholdings via quantitative tightening, the central bank's money-market operations are more than offsetting the liquidity drain by pumping more money into the financial system via the consistent drain in the Fed's reverse-repo facility.This has caused the monetary base in the U.S. to expand over the past year, which isn't exactly consistent with the Fed's claims to be draining liquidity from the financial system, Edwards said.Meanwhile, the U.S. economy has received plenty of help from the federal government in the form of huge fiscal stimulus, which has helped it avoid a recession despite the Fed's interest-rate hikes, Edwards said. Consumers tapping into their excess pandemic-era savings and signs that large companies are increasingly benefiting from higher interest rates and \"greedflation\" have also helped support economic growth, he said.Edwards is extremely familiar with the conditions that led to the dot-com bubble. After all, he was one of a handful of people on Wall Street to anticipate the crash that began in March 2000, when the S&P 500 and Nasdaq hit their bubble-era peak, kicking off a bear market that would last for nearly three years.After seeing their strongest start to a year since 2019, U.S. stocks have gotten off to a rough start in the second quarter. The S&P 500 SPX was down 59 points, or 1.1%, in recent trade on Tuesday at 5,204, on track to fall for a second-straight day. The Dow Jones Industrial Average DJIA shed 449 points, or 1.1%, to 39,116. Meanwhile, the Nasdaq Composite COMP was off by 254 points, or 1.6%, at 16,140.","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238496164888608,"gmtCreate":1699262284774,"gmtModify":1699262289184,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"i have a position in this&nbsp;company and it really pains me to say this - im ready to lose money here. Fortunately i have sized my position. This company isnt going to do well.&nbsp;","listText":"i have a position in this&nbsp;company and it really pains me to say this - im ready to lose money here. Fortunately i have sized my position. This company isnt going to do well.&nbsp;","text":"i have a position in this company and it really pains me to say this - im ready to lose money here. Fortunately i have sized my position. This company isnt going to do well.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238496164888608","repostId":"2380018672","repostType":4,"repost":{"id":"2380018672","pubTimestamp":1699236272,"share":"https://ttm.financial/m/news/2380018672?lang=&edition=fundamental","pubTime":"2023-11-06 10:04","market":"us","language":"en","title":"Warning: Nothing Is Stopping NIO Stock From Crashing Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2380018672","media":"InvestorPlace","summary":"Barring some positive surprises with earnings and/or upcoming delivery numbers, expect NIO stock to stay under pressure.","content":"<html><head></head><body><ul style=\"\"><li><p><strong>Nio</strong> (<strong><u>NIO</u></strong>) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.</p></li><li><p>Although the company reported solid deliveries growth for October, this growth is not as impressive when compared to that of peers.</p></li><li><p>Disappointment with Nio’s results is likely to continue, which in turn could keep NIO stock moving in a downward trajectory.</p></li></ul><p><strong>Nio</strong> (NYSE: <strong>NIO</strong>) has performed poorly over the past few months. Although shares in the China-based EV maker have found support in recent trading days, I wouldn’t assume that the dust has settled with NIO stock.</p><p>Yes, per the latest headlines, it may seem as if the situation will improve from here for Nio. The company just released monthly delivery numbers, and on the surface deliveries came in strongly. Take a closer look at the numbers, however, and it’s clear that these results are lackluster when compared to that of peers, and to past expectations.</p><p>That’s not all. Little suggests that the company will soon catch up to peers in terms of growth, investors are likely to remain disappointed with Nio’s performance. This, of course, bodes badly for shares.</p><p>With this in mind, read on, as I break down why the bear case still stands with this stock.</p><h2 id=\"id_861471273\">NIO Stock and Relatively Underwhelming Delivery Numbers</h2><p>On Nov. 1, Nio reported 16,074 vehicle deliveries during October, representing a 59.8% increase in deliveries year-over-year. Impressive, right? Well, not quite. Even as deliveries climbed by a high double-digit amount last month, on a sequential (month-over-month) basis, growth was far less stellar.</p><p>As Nio’s September 2023 delivery numbers totaled 15,641 vehicles, October’s deliveries represented a sequential growth of only around 2.77%. The company figures aren’t impressive when compared to delivery numbers reported by China-based peers like <strong>Li Auto</strong> (NASDAQ: <strong>LI</strong>) and <strong>Xpeng</strong> (NYSE: <strong>XPEV</strong>).</p><p>Li’s October deliveries came in at 40,422 vehicles, a 302.1% year-over-year increase, and a 12.1% increase sequentially (based on 36,060 vehicles delivered in September). Xpeng’s deliveries came in at 20,000 for the month, up 292% on a year-over-year basis, and up 31% on a sequential basis.</p><p>While NIO stock did rise following this news, said rise was modest (2.05%) relative to LI (up 3.49%) and XPEV (up 7.04%). Also, the broad market rally on Nov. 1 may have played a larger role in NIO’s rally than on the deliveries news.</p><h2 id=\"id_2700250249\">What This Deliveries Slump Means for Sentiment Going Forward</h2><p>Taking a look at Nio’s delivery figures from July through October, there’s a clear takeaway. The end of China’s “zero Covid” restrictions, plus the launch of new vehicle models, enabled Nio to “level up” its monthly delivery volumes, which for an extended period were stuck at around 10,000 vehicles.</p><p>But while July’s delivery figure (over 20,462) may have suggested Nio was en route to hitting past aggressive sales targets set by management, sales volumes have fallen back in the ensuing months. Now, it appears that Nio can sustain monthly sales of around 15,000 vehicles, or 180,000 vehicles per year.</p><p>The issue? While selling 180,000 premium EVs annually isn’t necessarily anything to sneeze at, barring another round of “leveling up” during November and December, negative sentiment is likely to persist for NIO stock, resulting in further losses for investors. The reasons for this are twofold.</p><p>First, this recent leveling off calls into question whether revenue growth in the coming year will meet expectations. Sell-side consensus currently calls for sales to hit $13.23 billion next, a 56.75% increase. Second, this growth slump calls for yet another walking back of Nio’s timeline to profitability.</p><h2 id=\"id_417200406\">Bottom Line: Expect This Stock to Stay Under Pressure</h2><p>Nio has already given back all of its gains accrued during the “EV bubble” era of 2020-2021, but don’t assume that means the stock is finding a floor, after falling back towards pre-bubble prices.</p><p>Even before the bubble, Nio was given a rich valuation relative to its then-current performance, on the expectation that it was going to become China’s answer to <strong>Tesla</strong> (NASDAQ: <strong>TSLA</strong>), a world-class EV brand with a global reach.</p><p>Yet now, it’s clear the company is likely to be an “also ran” brand in its home market. Over in Europe, its first area of international expansion, Nio is scrambling to boost sales, further signaling this isn’t a “Tesla killer” in the making.</p><p>Barring the unveiling of positive surprises in Nio’s upcoming earnings release (scheduled for Nov. 9), or with its November and December vehicle delivery numbers, expect NIO stock to stay under pressure.</p></body></html>","source":"investorplace_stock_picks","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>Warning: Nothing Is Stopping NIO Stock From Crashing Now</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\">\nWarning: Nothing Is Stopping NIO Stock From Crashing Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-06 10:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio (NIO) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.Although the company reported solid deliveries growth for October, this growth ...</p>\n\n<a href=\"https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2380018672","content_text":"Nio (NIO) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.Although the company reported solid deliveries growth for October, this growth is not as impressive when compared to that of peers.Disappointment with Nio’s results is likely to continue, which in turn could keep NIO stock moving in a downward trajectory.Nio (NYSE: NIO) has performed poorly over the past few months. Although shares in the China-based EV maker have found support in recent trading days, I wouldn’t assume that the dust has settled with NIO stock.Yes, per the latest headlines, it may seem as if the situation will improve from here for Nio. The company just released monthly delivery numbers, and on the surface deliveries came in strongly. Take a closer look at the numbers, however, and it’s clear that these results are lackluster when compared to that of peers, and to past expectations.That’s not all. Little suggests that the company will soon catch up to peers in terms of growth, investors are likely to remain disappointed with Nio’s performance. This, of course, bodes badly for shares.With this in mind, read on, as I break down why the bear case still stands with this stock.NIO Stock and Relatively Underwhelming Delivery NumbersOn Nov. 1, Nio reported 16,074 vehicle deliveries during October, representing a 59.8% increase in deliveries year-over-year. Impressive, right? Well, not quite. Even as deliveries climbed by a high double-digit amount last month, on a sequential (month-over-month) basis, growth was far less stellar.As Nio’s September 2023 delivery numbers totaled 15,641 vehicles, October’s deliveries represented a sequential growth of only around 2.77%. The company figures aren’t impressive when compared to delivery numbers reported by China-based peers like Li Auto (NASDAQ: LI) and Xpeng (NYSE: XPEV).Li’s October deliveries came in at 40,422 vehicles, a 302.1% year-over-year increase, and a 12.1% increase sequentially (based on 36,060 vehicles delivered in September). Xpeng’s deliveries came in at 20,000 for the month, up 292% on a year-over-year basis, and up 31% on a sequential basis.While NIO stock did rise following this news, said rise was modest (2.05%) relative to LI (up 3.49%) and XPEV (up 7.04%). Also, the broad market rally on Nov. 1 may have played a larger role in NIO’s rally than on the deliveries news.What This Deliveries Slump Means for Sentiment Going ForwardTaking a look at Nio’s delivery figures from July through October, there’s a clear takeaway. The end of China’s “zero Covid” restrictions, plus the launch of new vehicle models, enabled Nio to “level up” its monthly delivery volumes, which for an extended period were stuck at around 10,000 vehicles.But while July’s delivery figure (over 20,462) may have suggested Nio was en route to hitting past aggressive sales targets set by management, sales volumes have fallen back in the ensuing months. Now, it appears that Nio can sustain monthly sales of around 15,000 vehicles, or 180,000 vehicles per year.The issue? While selling 180,000 premium EVs annually isn’t necessarily anything to sneeze at, barring another round of “leveling up” during November and December, negative sentiment is likely to persist for NIO stock, resulting in further losses for investors. The reasons for this are twofold.First, this recent leveling off calls into question whether revenue growth in the coming year will meet expectations. Sell-side consensus currently calls for sales to hit $13.23 billion next, a 56.75% increase. Second, this growth slump calls for yet another walking back of Nio’s timeline to profitability.Bottom Line: Expect This Stock to Stay Under PressureNio has already given back all of its gains accrued during the “EV bubble” era of 2020-2021, but don’t assume that means the stock is finding a floor, after falling back towards pre-bubble prices.Even before the bubble, Nio was given a rich valuation relative to its then-current performance, on the expectation that it was going to become China’s answer to Tesla (NASDAQ: TSLA), a world-class EV brand with a global reach.Yet now, it’s clear the company is likely to be an “also ran” brand in its home market. Over in Europe, its first area of international expansion, Nio is scrambling to boost sales, further signaling this isn’t a “Tesla killer” in the making.Barring the unveiling of positive surprises in Nio’s upcoming earnings release (scheduled for Nov. 9), or with its November and December vehicle delivery numbers, expect NIO stock to stay under pressure.","news_type":1},"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":212646530035872,"gmtCreate":1692955595227,"gmtModify":1692955599947,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Should be happy its still being valued lol","listText":"Should be happy its still being valued lol","text":"Should be happy its still being valued lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/212646530035872","repostId":"2361961387","repostType":4,"repost":{"id":"2361961387","pubTimestamp":1692949829,"share":"https://ttm.financial/m/news/2361961387?lang=&edition=fundamental","pubTime":"2023-08-25 15:50","market":"us","language":"en","title":"Alibaba: Despite Positive Results, Still Undervalued","url":"https://stock-news.laohu8.com/highlight/detail?id=2361961387","media":"Seekingalpha","summary":"Alibaba is seen as a good mid-term investment opportunity due to its diversified business, strong balance sheet, and restructuring plans to spin out separate business segments.Spinning out three busin","content":"<html><head></head><body><ul><li><p>Alibaba is seen as a good mid-term investment opportunity due to its diversified business, strong balance sheet, and restructuring plans to spin out separate business segments.</p></li><li><p>Spinning out three business units, including Cainiao, Alibaba Cloud, and Freshippo could unlock major value for Alibaba and make it easier for the market to value them.</p></li><li><p>The market is under-appreciating Alibaba&#39;s assets, but a sum of the parts valuation suggests a potential value per share of $151, 71% above the current market price.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86d614acac15e6cc0793323f0deddfe1\" alt=\"Andrew Burton\" title=\"Andrew Burton\" tg-width=\"750\" tg-height=\"500\"/><span>Andrew Burton</span></p><h2 id=\"id_2964161991\">Introduction</h2><p>I see <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> as a good mid-term opportunity. The company has a diversified business with a strong balance sheet and buy-back program in place. Alibaba is in the process of restructuring with the aim to spin out at least three businesses and unlock their value as separate business segments. With a current market value of $234bil. In US dollars and an enterprise value of $157 billion, I see the company is undervalued either based on a cash flow generation basis or on the sum of the parts basis. Even though Alibaba is not completely immune to macroeconomic shocks, it has the ability to strengthen its market position and positively benefit from the current negative environment. Investors patient enough to stick with this thesis should benefit along with the company.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53ccaff6f7c50bd56d4c69649efb03a5\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"448\"/><span>Bloomberg</span></p><h2 id=\"id_2859886956\">Unlocking The Value Through Spinning Out Businesses</h2><p>Alibaba is in the process of spinning out three business units in the short term and possibly three other units in the longer term. A listing of logistics company Cainiao, cloud unit Alibaba Cloud, and grocery retail chain Freshippo, could unlock major value, which is currently ignored by the market. I see this as a smart strategy because once the business units are listed as separate companies, it will be easier for the market to value them. Additionally, the company has initiated to find an external financing for Alibaba International Commerce segment, consisting of Lazada, Trendyol, and AliExpress. These businesses are at the early stage of growth, which is always capital intensive. New partners either in the form or debt financing or equity investing would save Alibaba a lot of capital, which could be reinvested into Alibaba&#39;s main e-commerce business back at China or returned back to shareholders in the form of special dividend or possibly buy-backs. From all the business units going public, Alibaba Cloud will attract the most attention. It is the fourth-largest cloud provider in the world, with a 6% global market share. If similar multiples apply for Alibaba Cloud as for its Chinese competitors, Alibaba Cloud could be worth somewhere around 46 billion US dollars. That is more than 20% of total Alibaba&#39;s market cap.</p><h2 id=\"id_1013181005\">Sum Of The Parts Valuation</h2><p>There are several reasons why the market is under-appreciating Alibaba&#39;s assets. The first reason has to do with the market applying China&#39;s macro discount. However, Alibaba has been able to deliver solid results in 1Q FY24 with revenues growing 14% year over year, despite the negative macro environment persisting. Secondly, investors usually don&#39;t like big holding structures. That&#39;s why they often value the whole company lower than it would be valued as a set of unique businesses. Regardless of the negatives just mentioned, I believe that in the mid-term, fundamentals eventually prevail. To correctly value Alibaba, investors could either use Discounted Cash Flow analysis or Sum of The Parts valuation. In this case, I believe that Sum of The Parts valuation is a more suitable valuation tool because it better reflects the value of separate business lines. To set up a proper peer group for each business, it is important to not only choose companies from the same industry but also take into account similar growth and risk characteristics of peer group companies. That&#39;s why I think that the multiple EV/Sales for PDD Holdings (PDD) much better represents the value of Taboa and Tmall units, than for example, Vipshop Holdings (VIPS) or JD.com (JD), both suffering from anemic growth forecasts.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e64a2fe51e944d45cfbe6d5e44772f53\" alt=\"Annual reports, own work\" title=\"Annual reports, own work\" tg-width=\"640\" tg-height=\"316\"/><span>Annual reports, own work</span></p><p>Based on the multiples of peer group companies, I forecasted possible multiples for every segment adjusted for estimated growth. Category Other revenues are the mix of retail businesses and AI/Cloud businesses. For this category, I used the multiple of 1.3x EV/Sales which should be conservative enough for the businesses it contains. The sum of all business segments is the total Enterprise Value of Alibaba. Enterprise Value, or the value of operating assets was subsequently adjusted for net cash, the value of employee options, and a 33% equity stake in Ant Group. Final implied value per share resulting from this calculation was at $151, 71% above the current market price. Current market price should leave a sufficient margin of safety for investors willing to act on the valuation today.</p><h2 id=\"id_1028510157\">Summary</h2><p>Alibaba seems fundamentally undervalued, and spinning out some of its businesses could unlock substantial value for investors. For investors, IPO&#39;s of Alibaba Could, Freshippo, and Cainiao Logistics will serve as a litmus paper for better understanding the value of the whole company. Alibaba has a strong balance sheet, a buyback program in place, and has a leading position in several businesses it operates. For investors with a globally diversified portfolio, Alibaba could be an interesting opportunity at this price.</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>Alibaba: Despite Positive Results, Still Undervalued</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\">\nAlibaba: Despite Positive Results, Still Undervalued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-25 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4630844-alibaba-despite-positive-results-still-undervalued><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba is seen as a good mid-term investment opportunity due to its diversified business, strong balance sheet, and restructuring plans to spin out separate business segments.Spinning out three ...</p>\n\n<a href=\"https://seekingalpha.com/article/4630844-alibaba-despite-positive-results-still-undervalued\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4630844-alibaba-despite-positive-results-still-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2361961387","content_text":"Alibaba is seen as a good mid-term investment opportunity due to its diversified business, strong balance sheet, and restructuring plans to spin out separate business segments.Spinning out three business units, including Cainiao, Alibaba Cloud, and Freshippo could unlock major value for Alibaba and make it easier for the market to value them.The market is under-appreciating Alibaba's assets, but a sum of the parts valuation suggests a potential value per share of $151, 71% above the current market price.Andrew BurtonIntroductionI see Alibaba as a good mid-term opportunity. The company has a diversified business with a strong balance sheet and buy-back program in place. Alibaba is in the process of restructuring with the aim to spin out at least three businesses and unlock their value as separate business segments. With a current market value of $234bil. In US dollars and an enterprise value of $157 billion, I see the company is undervalued either based on a cash flow generation basis or on the sum of the parts basis. Even though Alibaba is not completely immune to macroeconomic shocks, it has the ability to strengthen its market position and positively benefit from the current negative environment. Investors patient enough to stick with this thesis should benefit along with the company.BloombergUnlocking The Value Through Spinning Out BusinessesAlibaba is in the process of spinning out three business units in the short term and possibly three other units in the longer term. A listing of logistics company Cainiao, cloud unit Alibaba Cloud, and grocery retail chain Freshippo, could unlock major value, which is currently ignored by the market. I see this as a smart strategy because once the business units are listed as separate companies, it will be easier for the market to value them. Additionally, the company has initiated to find an external financing for Alibaba International Commerce segment, consisting of Lazada, Trendyol, and AliExpress. These businesses are at the early stage of growth, which is always capital intensive. New partners either in the form or debt financing or equity investing would save Alibaba a lot of capital, which could be reinvested into Alibaba's main e-commerce business back at China or returned back to shareholders in the form of special dividend or possibly buy-backs. From all the business units going public, Alibaba Cloud will attract the most attention. It is the fourth-largest cloud provider in the world, with a 6% global market share. If similar multiples apply for Alibaba Cloud as for its Chinese competitors, Alibaba Cloud could be worth somewhere around 46 billion US dollars. That is more than 20% of total Alibaba's market cap.Sum Of The Parts ValuationThere are several reasons why the market is under-appreciating Alibaba's assets. The first reason has to do with the market applying China's macro discount. However, Alibaba has been able to deliver solid results in 1Q FY24 with revenues growing 14% year over year, despite the negative macro environment persisting. Secondly, investors usually don't like big holding structures. That's why they often value the whole company lower than it would be valued as a set of unique businesses. Regardless of the negatives just mentioned, I believe that in the mid-term, fundamentals eventually prevail. To correctly value Alibaba, investors could either use Discounted Cash Flow analysis or Sum of The Parts valuation. In this case, I believe that Sum of The Parts valuation is a more suitable valuation tool because it better reflects the value of separate business lines. To set up a proper peer group for each business, it is important to not only choose companies from the same industry but also take into account similar growth and risk characteristics of peer group companies. That's why I think that the multiple EV/Sales for PDD Holdings (PDD) much better represents the value of Taboa and Tmall units, than for example, Vipshop Holdings (VIPS) or JD.com (JD), both suffering from anemic growth forecasts.Annual reports, own workBased on the multiples of peer group companies, I forecasted possible multiples for every segment adjusted for estimated growth. Category Other revenues are the mix of retail businesses and AI/Cloud businesses. For this category, I used the multiple of 1.3x EV/Sales which should be conservative enough for the businesses it contains. The sum of all business segments is the total Enterprise Value of Alibaba. Enterprise Value, or the value of operating assets was subsequently adjusted for net cash, the value of employee options, and a 33% equity stake in Ant Group. Final implied value per share resulting from this calculation was at $151, 71% above the current market price. Current market price should leave a sufficient margin of safety for investors willing to act on the valuation today.SummaryAlibaba seems fundamentally undervalued, and spinning out some of its businesses could unlock substantial value for investors. For investors, IPO's of Alibaba Could, Freshippo, and Cainiao Logistics will serve as a litmus paper for better understanding the value of the whole company. Alibaba has a strong balance sheet, a buyback program in place, and has a leading position in several businesses it operates. For investors with a globally diversified portfolio, Alibaba could be an interesting opportunity at this price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234171187888392,"gmtCreate":1698179651980,"gmtModify":1698182664089,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Bro, dont write so much logic. The reason why baba still down is because baba is backed by investors belonging to jiang faction. As long as this remains, Xi would not let it rise because he cannot afford to have liquidity go towards the other faction. All your other logics dont matter.&nbsp;","listText":"Bro, dont write so much logic. The reason why baba still down is because baba is backed by investors belonging to jiang faction. As long as this remains, Xi would not let it rise because he cannot afford to have liquidity go towards the other faction. All your other logics dont matter.&nbsp;","text":"Bro, dont write so much logic. The reason why baba still down is because baba is backed by investors belonging to jiang faction. As long as this remains, Xi would not let it rise because he cannot afford to have liquidity go towards the other faction. All your other logics dont matter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234171187888392","repostId":"2377955157","repostType":4,"repost":{"id":"2377955157","pubTimestamp":1698149016,"share":"https://ttm.financial/m/news/2377955157?lang=&edition=fundamental","pubTime":"2023-10-24 20:03","market":"us","language":"en","title":"Alibaba Stock: Buy, Sell, or Hold?","url":"https://stock-news.laohu8.com/highlight/detail?id=2377955157","media":"Motley Fool","summary":"Shareholders of China's e-commerce powerhouse just can't get a break -- but one's coming sooner rather than later.","content":"<html><head></head><body><p>The past three years have been tough for <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> and, by extension, its shareholders. Most economists aren&#39;t particularly optimistic about China&#39;s foreseeable future either and most of Alibaba&#39;s revenue comes from China. That&#39;s a big reason Alibaba shares remain down 75% from their late-2020 peak. The stock merely moved sideways since March of last year.</p><p>What if, however, China&#39;s economy is far healthier than the current narrative seems to suggest?</p><p>That&#39;s arguably the case right now, making Alibaba stock a much stronger buy than most investors realize.</p><h3 id=\"id_3784382589\">Despite the rhetoric, China&#39;s seeing green shoots</h3><p>Don&#39;t misunderstand: China&#39;s still dealing with challenges that adversely impact its consumerism and corporate spending. Take its real estate market as an example. The nation&#39;s home prices fell for a third straight month in September, according to its National Bureau of Statistics, despite efforts specifically aimed at propping home prices up.</p><p>The country&#39;s overall economic engine isn&#39;t exactly sputtering, though. Last quarter&#39;s GDP growth of 4.9% (year over year) topped estimates of 4.6%. That&#39;s slower than the second quarter&#39;s growth pace of 6.3%, but bear in mind that Q2&#39;s figure was compared to a number crimped by lingering COVID-19 lockdowns. On a quarter-to-quarter basis, the third quarter&#39;s economic growth of 1.3% actually accelerated from the second quarter&#39;s clip of 0.5%.</p><p>Meanwhile, other measures of economic strength are up just within the past month. China&#39;s industrial production jumped 4.5% year over year in September, and after July&#39;s disappointing retail spending growth of only 2.5%, the nation&#39;s consumers are spending in earnest again. Retail spending growth sped up to 4.6% in August and reached a growth rate of 5.5% last month.</p><p>More of the same progress could be in the cards too. Although Beijing was arguably slow to act when it first saw evidence of economic weakness, it&#39;s doubling down on stimulus efforts now. Last week, the country&#39;s central bank pumped a record-breaking $100 billion into its economy, following a similarly big injection last Monday. Although this stimulus is meant to support real estate loans, its impact should create a ripple effect that reaches other slivers of China&#39;s economy.</p><p>Given all these indicators, is it still a wait-and-see situation on Alibaba stock? Well, there&#39;s nothing wrong with respecting risk. Investors who wait until all risk has withered away, though, likely end up missing out on the bulk of a stock&#39;s upside potential.</p><h3 id=\"id_1093089810\">Alibaba is lined up for takeoff</h3><p>Interested investors should understand that Alibaba is positioned to disproportionately benefit from China&#39;s brewing economic rebound. Rekindled retail spending creates a tailwind for Alibaba&#39;s online malls Taobao and Tmall. E-commerce accounts for roughly half of Alibaba&#39;s total revenue, after all.</p><p>It&#39;s not just growing consumerism working in Alibaba&#39;s favor, though. China&#39;s consumers are increasingly embracing online shopping anyway, even at the expense of brick-and-mortar spending. Thanks to the proliferation of broadband and wireless service there, Insider Intelligence estimates China&#39;s e-commerce market itself is on pace to expand 9.3% this year, jibing with numbers from market research outfit Global Data. Insider Intelligence further expects the country&#39;s online shopping industry&#39;s revenue to continue growing at this year&#39;s pace at least through 2027.</p><p>And Alibaba is already winning more than its fair share of this expansion. Despite the spending headwind that was supposed to be blowing at the time, Taobao and Tmall&#39;s Q2 revenue was up an impressive 12% year over year following the first quarter&#39;s pronounced headwind. Imagine how well this arm of the company could do in an even better economic environment.</p><p>The rest of Alibaba&#39;s business consists of logistics, cloud computing, digital entertainment, a handful of different types of tech services, and a budding artificial intelligence endeavor. These are all enterprises that struggle when the economic environment is poor. Indeed, not all of them are even profitable at this time. These are all business lines, however, that thrive when China&#39;s economy is firing on all cylinders.</p><p>Also, note that Alibaba is making a point of capitalizing on opportunities as they surface. Case(s) in point: After TikTok recently shut down commercial accounts marketing to Indonesian consumers, Alibaba invited these displaced merchants an easy way to open an online store on an Allibaba.com. The company also recently made a deal with Cambodia&#39;s Ministry of Commerce to help the country&#39;s small businesses build their own online stores.</p><p>In the meantime, Alibaba is building an online mall aimed specifically at a European audience, working with its local merchants and vendors rather than competing against them.</p><h3 id=\"id_1163445530\">Don&#39;t overthink Alibaba</h3><p>Still, what about Alibaba stock&#39;s miserable performance?</p><p>It weighs on the mind to be sure. This is one of those cases, however, where the pessimism and noise took on a life of its own, obscuring a company&#39;s results and prospects. Alibaba <em>is</em> growing its top and bottom lines, and it <em>is</em> expected to continue doing so. China&#39;s economy is on the mend, even if pundits seem almost gleeful when pointing out its pitfalls. Trade tensions between the United States and China are heightened right now, but they&#39;ll likely be curbed for one simple reason: The two countries need each other.</p><p>These are bigger-picture factors working in favor of Alibaba, even if they don&#39;t seem to be helping much right now. It just takes time for investments to pay off because it takes time for the market to remember what really matters.</p><p>That being said, you may not want to wait too long to step into Alibaba stock if that&#39;s your ultimate plan. As the old adage goes, &#34;It&#39;s always darkest before dawn.&#34; Given how grim things seem for the company right now, a rebound may be closer than anyone realizes.</p><p>This might help: Despite the stock&#39;s lousy performance of late, analysts&#39; consensus price target stands at $140.84. That&#39;s 76% above the stock&#39;s present price.</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>Alibaba Stock: Buy, Sell, or Hold?</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\">\nAlibaba Stock: Buy, Sell, or Hold?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-24 20:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/10/23/alibaba-stock-buy-sell-or-hold/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The past three years have been tough for Alibaba and, by extension, its shareholders. Most economists aren't particularly optimistic about China's foreseeable future either and most of Alibaba's ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/10/23/alibaba-stock-buy-sell-or-hold/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.fool.com/investing/2023/10/23/alibaba-stock-buy-sell-or-hold/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2377955157","content_text":"The past three years have been tough for Alibaba and, by extension, its shareholders. Most economists aren't particularly optimistic about China's foreseeable future either and most of Alibaba's revenue comes from China. That's a big reason Alibaba shares remain down 75% from their late-2020 peak. The stock merely moved sideways since March of last year.What if, however, China's economy is far healthier than the current narrative seems to suggest?That's arguably the case right now, making Alibaba stock a much stronger buy than most investors realize.Despite the rhetoric, China's seeing green shootsDon't misunderstand: China's still dealing with challenges that adversely impact its consumerism and corporate spending. Take its real estate market as an example. The nation's home prices fell for a third straight month in September, according to its National Bureau of Statistics, despite efforts specifically aimed at propping home prices up.The country's overall economic engine isn't exactly sputtering, though. Last quarter's GDP growth of 4.9% (year over year) topped estimates of 4.6%. That's slower than the second quarter's growth pace of 6.3%, but bear in mind that Q2's figure was compared to a number crimped by lingering COVID-19 lockdowns. On a quarter-to-quarter basis, the third quarter's economic growth of 1.3% actually accelerated from the second quarter's clip of 0.5%.Meanwhile, other measures of economic strength are up just within the past month. China's industrial production jumped 4.5% year over year in September, and after July's disappointing retail spending growth of only 2.5%, the nation's consumers are spending in earnest again. Retail spending growth sped up to 4.6% in August and reached a growth rate of 5.5% last month.More of the same progress could be in the cards too. Although Beijing was arguably slow to act when it first saw evidence of economic weakness, it's doubling down on stimulus efforts now. Last week, the country's central bank pumped a record-breaking $100 billion into its economy, following a similarly big injection last Monday. Although this stimulus is meant to support real estate loans, its impact should create a ripple effect that reaches other slivers of China's economy.Given all these indicators, is it still a wait-and-see situation on Alibaba stock? Well, there's nothing wrong with respecting risk. Investors who wait until all risk has withered away, though, likely end up missing out on the bulk of a stock's upside potential.Alibaba is lined up for takeoffInterested investors should understand that Alibaba is positioned to disproportionately benefit from China's brewing economic rebound. Rekindled retail spending creates a tailwind for Alibaba's online malls Taobao and Tmall. E-commerce accounts for roughly half of Alibaba's total revenue, after all.It's not just growing consumerism working in Alibaba's favor, though. China's consumers are increasingly embracing online shopping anyway, even at the expense of brick-and-mortar spending. Thanks to the proliferation of broadband and wireless service there, Insider Intelligence estimates China's e-commerce market itself is on pace to expand 9.3% this year, jibing with numbers from market research outfit Global Data. Insider Intelligence further expects the country's online shopping industry's revenue to continue growing at this year's pace at least through 2027.And Alibaba is already winning more than its fair share of this expansion. Despite the spending headwind that was supposed to be blowing at the time, Taobao and Tmall's Q2 revenue was up an impressive 12% year over year following the first quarter's pronounced headwind. Imagine how well this arm of the company could do in an even better economic environment.The rest of Alibaba's business consists of logistics, cloud computing, digital entertainment, a handful of different types of tech services, and a budding artificial intelligence endeavor. These are all enterprises that struggle when the economic environment is poor. Indeed, not all of them are even profitable at this time. These are all business lines, however, that thrive when China's economy is firing on all cylinders.Also, note that Alibaba is making a point of capitalizing on opportunities as they surface. Case(s) in point: After TikTok recently shut down commercial accounts marketing to Indonesian consumers, Alibaba invited these displaced merchants an easy way to open an online store on an Allibaba.com. The company also recently made a deal with Cambodia's Ministry of Commerce to help the country's small businesses build their own online stores.In the meantime, Alibaba is building an online mall aimed specifically at a European audience, working with its local merchants and vendors rather than competing against them.Don't overthink AlibabaStill, what about Alibaba stock's miserable performance?It weighs on the mind to be sure. This is one of those cases, however, where the pessimism and noise took on a life of its own, obscuring a company's results and prospects. Alibaba is growing its top and bottom lines, and it is expected to continue doing so. China's economy is on the mend, even if pundits seem almost gleeful when pointing out its pitfalls. Trade tensions between the United States and China are heightened right now, but they'll likely be curbed for one simple reason: The two countries need each other.These are bigger-picture factors working in favor of Alibaba, even if they don't seem to be helping much right now. It just takes time for investments to pay off because it takes time for the market to remember what really matters.That being said, you may not want to wait too long to step into Alibaba stock if that's your ultimate plan. As the old adage goes, \"It's always darkest before dawn.\" Given how grim things seem for the company right now, a rebound may be closer than anyone realizes.This might help: Despite the stock's lousy performance of late, analysts' consensus price target stands at $140.84. That's 76% above the stock's present price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209517799202976,"gmtCreate":1692191641668,"gmtModify":1692191646435,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"Never. China stocks is not investable","listText":"Never. China stocks is not investable","text":"Never. China stocks is not investable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209517799202976","repostId":"2359173728","repostType":4,"repost":{"id":"2359173728","pubTimestamp":1692172800,"share":"https://ttm.financial/m/news/2359173728?lang=&edition=fundamental","pubTime":"2023-08-16 16:00","market":"us","language":"en","title":"Alibaba Q2: If You Are Not Buying Now, When Will You?","url":"https://stock-news.laohu8.com/highlight/detail?id=2359173728","media":"Seeking Alpha","summary":"Robert Way Alibaba Group Holding Limited (NYSE:BABA) has had a hard time ever since the failed IPO of the Ant Group in November 2020. Following the long-standing Covid-19 restrictions, the world's sec","content":"<html><head></head><body><h2 id=\"id_957459716\" style=\"text-align: left;\">Summary</h2><ul><li><p>Alibaba Group Holding Limited had a superb second quarter, surpassing expectations and showing re-accelerated sales growth and free cash flow generation.</p></li><li><p>BABA stock is by far the cheapest in its peer group and trades at a free cash flow yield of 12%.</p></li><li><p>The company&#39;s balance sheet is a fortress, with 31% of the market cap in cash and short-term investments larger than that of Amazon.</p></li><li><p>Free cash flow is silently moving closer to a new all-time high, while the stock price is back at prices of 6 years ago.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f805543ab3786cb8cb1d7d9034e0368\" alt=\"Robert Way\" title=\"Robert Way\" tg-width=\"750\" tg-height=\"500\"/><span>Robert Way</span></p><p><strong>Alibaba Group Holding Limited</strong> (NYSE:BABA) has had a hard time ever since the failed IPO of the Ant Group in November 2020. Following the long-standing Covid-19 restrictions, the world&#39;s second largest economy, China, slowed down temporarily. However, Alibaba showed re-acceleration of sales growth in the second quarter, signaling a rebound in consumer spending. The stock price is yet to recover, while free cash flow is closing in on a new all-time high. As a result, extreme undervaluation is present in one of China&#39;s wide moat businesses.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1eb1bbeb88b91bf4e2b55dfddd7e094\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><h2 id=\"id_3070070381\">Business Overview</h2><p>Alibaba is a multinational conglomerate based in China and one of the world&#39;s largest e-commerce and technology companies. Founded in 1999 by Jack Ma, Alibaba has rapidly grown into a wide moat business with various segments, making it a prominent player in the global digital economy. Here&#39;s an overview of Alibaba&#39;s key businesses and operations:</p><ol><li><p><strong>China Commerce</strong>:</p></li></ol><ul><li><p><strong>Taobao</strong>: Taobao is a consumer-to-consumer (C2C) online marketplace, akin to <a href=\"https://laohu8.com/S/EBAY\">eBay</a>. It allows individual sellers and small businesses to set up online shops and sell a wide range of products directly to consumers. Taobao&#39;s user-friendly interface and extensive product variety have made it immensely popular in China.</p></li><li><p><strong>Tmall</strong>: Tmall is a business-to-consumer (B2C) platform that hosts official storefronts for well-known brands and retailers. It ensures product authenticity and quality, which has helped build consumer trust. Tmall&#39;s setup is more structured and regulated compared to Taobao, making it a preferred choice for established brands looking to tap into the Chinese market.</p></li><li><p><strong>阿里1688</strong>: 1688&#39;s platform serves the Chinese domestic market and is focused on wholesale transactions.</p></li></ul><p>2.<strong> International Commerce:</strong></p><ul><li><p><strong>Alibaba.com</strong> serves as a global platform connecting businesses from around the world. Alibaba.com facilitates business-to-business (B2B) trade by connecting manufacturers, wholesalers, and suppliers with buyers internationally. The platform streamlines international trade by providing tools for communication, negotiation, and secure transactions.</p></li><li><p><strong>AliExpress</strong>: AliExpress is one of Alibaba&#39;s primary platforms for international commerce. AliExpress connects Chinese sellers with buyers from around the world, offering a wide range of products at competitive prices. Similar to Taobao, AliExpress primarily serves individual consumers and small businesses</p></li><li><p><strong>Lazada</strong>: Lazada is another e-commerce business with the largest part of customers in Southeast Asia.</p></li></ul><p>3. <strong>Local Consumer Services:</strong></p><ul><li><p><strong>Ele.me</strong>: Ele.me is Alibaba&#39;s online delivery platform, connecting users with food and beverages, groceries, flowers and pharmaceutical products. Ele.me focuses on efficient last-mile delivery to ensure that orders reach customers quickly and fresh.</p></li><li><p><strong>AMAP</strong>: AMAP provides a range of location-based services, including digital maps, navigation, real-time traffic information, location-based search, and location-based advertising. AMAP&#39;s data and services can be integrated into other Alibaba services such as e-commerce platforms, ride-hailing apps,...</p></li></ul><p>4.<strong> Logistics and Supply Chain</strong>:</p><ul><li><p><strong>Cainiao Network</strong>: Alibaba&#39;s logistics affiliate focuses on improving supply chain efficiency and providing advanced logistics solutions to support the company&#39;s e-commerce operations.</p></li></ul><p>5. <strong>Cloud Computing</strong>:</p><ul><li><p><strong>Alibaba Cloud</strong>: Alibaba&#39;s cloud computing arm offers a comprehensive suite of cloud services, including computing power, storage, databases, analytics, and AI capabilities. It&#39;s a major player in the global cloud services market, competing with companies like Amazon Web Services (AWS) and Microsoft Azure.</p></li></ul><p>6.<strong> Digital Media and Entertainment</strong>:</p><ul><li><p><strong>Alibaba Pictures</strong>: This segment focuses on film production, distribution, and entertainment-related investments.</p></li><li><p><strong>Youku Tudou</strong>: A prominent online video platform in China, often referred to as the &#34;YouTube of China.&#34; Alibaba acquired Youku Tudou to expand its digital media offerings.</p></li></ul><p>7.<strong> Digital Finance and Payments</strong>:</p><ul><li><p><strong>Alipay</strong>: Initially launched as an online payment platform for Alibaba&#39;s e-commerce sites, Alipay has evolved into a comprehensive digital financial services platform. It offers services like mobile payments, money transfers, investment options, and credit services.</p></li><li><p><strong>Ant Group</strong>: Ant Group, which is for 33% owned by Alibaba, operates Alipay and provides a wide range of financial services, including wealth management, insurance, and lending.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cb38f9aa68c1dc03427d8961c351fe6\" alt=\"Alibaba Annual Report\" title=\"Alibaba Annual Report\" tg-width=\"640\" tg-height=\"417\"/><span>Alibaba Annual Report</span></p><p>The first 6 business segments are soon to be split into 6 companies and will IPO separately, where each company will be run by its own CEO and board of directors. The size of Alibaba has increase a lot of over the last years and to let each segment run on full performance more agility is needed in the business.</p><h2 id=\"id_2495973310\">Superb Second Quarter</h2><p>Analysts were skeptical about the results of Alibaba and got blown away by a large double beat. The company increased revenue by 14% year-over-year to $32.29 billion, which beat estimates by $1.08 billion. Earnings per share came in at $2.40 (up 48% year-over-over), compared to the estimates of $2.01.</p><p>Alibaba saw re-accelerating growth in all of their segments. The Chinese market recovered from a 3% year-over-year decline to a 12% increase year-over-year. Noteworthy, international commerce grew 41% compared to 29% in the previous quarter. The cloud business also changed growth direction from a 2% decline in sales to 4% sales growth in Q2.</p><p>The cloud business growth slowed down a lot, but the CEO Daniel Zhang mentioned this in the latest earnings call:</p><blockquote>I think if you look at the cloud landscape in China, I think the total cloud infra as a percentage of the IT infra still in a lower -- actually, in a relatively low percentage as compared to the U.S. peers. So we still -- we see still the huge potential first in this cloud infra penetration. Secondly, I think with this AI revolution, I think that this brings incremental opportunities, and because today, all the companies want to use our AI capabilities to upgrade their services and in their own application. So -- but they need a high computing -- high-performance computing power to support this operation, not only in today&#39;s training, but also in the influence services to be provided. So I think these two are, we believe, the primary growth engine for the long term.</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4800da6a1b15bd467c0f832d6fcc35\" alt=\"23Q2 Investor Presentation\" title=\"23Q2 Investor Presentation\" tg-width=\"640\" tg-height=\"250\"/><span>23Q2 Investor Presentation</span></p><p>Although I am not a big fan of EBITDA or EBITA (also called earnings before everything), this is the only way to compare the profitability of the different segments provided by Alibaba. Alibaba&#39;s profitability is improving across the board with the Logistics and Digital Media business as two new contributors to positive EBITA. Furthermore, the Cloud business grew EBITA 106% year-over-year and the International Commerce is finally closer to becoming a profitable business.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3a6e4bfa02f6f72acb91f3ad20c13a6\" alt=\"23Q2 Investor Presentation\" title=\"23Q2 Investor Presentation\" tg-width=\"640\" tg-height=\"242\"/><span>23Q2 Investor Presentation</span></p><p>The most outstanding news in the earnings report was the comeback of free cash flow growth. Partly boosted by lower CAPEX, the free cash flow increased 76% year-over-year, nearing the all-time high of free cash flow in 2021. The company remained focused on returning value to shareholders through $3 billion in share buybacks.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6db5c7fe38957ca068d196f4da28f44c\" alt=\"23Q2 Investor Presentation\" title=\"23Q2 Investor Presentation\" tg-width=\"640\" tg-height=\"201\"/><span>23Q2 Investor Presentation</span></p><h2 id=\"id_1783532176\">Valuation</h2><p>I have chosen three other prominent players in the e-commerce business worldwide, that are similar to Alibaba, to compare various valuation metrics. The first metric covers the price-to-sales ratio. JD.com (JD) is easily beating their peers, followed by Alibaba at 1.9x price-to-sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1d4faeb4c3d80d6b1552a27568c05ad\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>Further, when we move on to my favorite metric the free cash flow yield, we can see who has the strongest profitability and efficiencies. Alibaba is above and beyond the others with a free cash flow yield of 12%. The next peer is <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI), whose free cash flow yield is standing at a solid 6%. The worst performer by far is Amazon (AMZN), with a free cash flow yield of 0.2%.</p><p>When I was writing my article around <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (META) in November 2022, the free cash flow yield was at 8.5%. This was really exceptional for a business of that caliber. Since my article, Meta is up 170%, so who knows what will happen to Alibaba.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/671c3bd0ed9af7374bc8799e00766ef3\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>In addition, Alibaba is even more undervalued compared to the peers based on EV-to-free cash flow. EV stands for enterprise value and this takes into account the market cap combined with total debt minus cash and cash equivalents.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4489c04d21639a2aeae784d76943b1fd\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>Despite, JD&#39;s large number of sales compared to their market cap, it is underperforming in profitability by quite a margin. Alibaba is once again the leader with profit margins of 9%, followed by 6% for MercadoLibre.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/faade79d9ade5b61198980476e4f02d6\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><h2 id=\"id_2574390991\">Balance Sheet</h2><p>Although Amazon has 5.8x times the market cap of Alibaba, Alibaba&#39;s cash and short term investments top those of the e-commerce king Amazon. Alibaba&#39;s cash and short-term investments were $75 billion in the latest earnings report and accounted for 31% of the current market cap. This liquidity can further enhance investments in business opportunities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef8f21fdf29382ba230d26601e48b3f3\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>Alibaba&#39;s current ratio is almost reaching 2x and the total liabilities ($86 billion) are even lower than the current assets ($100 billion), showcasing the fortress balance sheet the company has amassed.</p><p>The balance sheet makes it possible to buy back shares of their own company at the discounted value it is trading at. During the fiscal year 2023, Alibaba repurchased almost $11 billion or 4.5% of shares outstanding. After the second quarter, the company has $16.3 billion remaining under the current share buyback program, or 6.6% of shares outstanding.</p><h2 id=\"id_3899631669\">Risks</h2><p>However, investors need to keep in mind that Alibaba has been identified by the SEC under the Holding Foreign Companies Accountable Act. This means the company will be delisted by 2024, if they do not show the right auditing under the rules of the United States.</p><p>In the annual report of Alibaba, you can find the following positive statement:</p><blockquote>Following that, on December 15, 2022, the PCAOB announced that it was able to secure complete access to inspect and investigate PCAOB-registered public accounting firms headquartered in Chinese mainland and Hong Kong in 2022. The PCAOB vacated its previous 2021 determinations that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in Chinese mainland and Hong Kong. For this reason, we do not expect to be identified as a Commission Identified Issuer following the filing of this annual report.</blockquote><p>The dual listing in Hong Kong lowers the risk of losing money must a delisting ever were to happen. Your shares could be converted into Hong Kong listed shares or you can re-buy your shares at the Hong Kong exchange yourself for a similar price, because the dual listing trades around the same price on the New York and Hong Kong exchange.</p><h2 id=\"id_3530803526\">Takeaway</h2><p>Few understand that the COVID-19 era has only recently ended in China, but more and more signs come in that China is ready to bounce back. The drop in Alibaba&#39;s share price was not completely risk driven and also partly justified in the drop of profitability and free cash flow after the incredible years of 2020 and 2021. The free cash flow generation is back on trend and is likely to go higher. Investors are known to exaggerate risks in a downtrend and Alibaba is no exception at all. Once the price recovers, supported by business performance and share buybacks, the risks we heard so loudly in 2021 and 2022 will play on the background.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b2226ea270a689d4aaa6bb2f4d5714a\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><p>I rate Alibaba Group Holding Limited stock a &#34;Strong Buy&#34; around $100 a share. The company is fundamentally exceptional and undervalued compared to the closest peers. The management is shareholder friendly with strong support of share repurchases. Furthermore, Alibaba&#39;s restructuring is likely to lead to more focus, efficiencies and profitability in all the different segments. China is easing up regulatory moves on businesses, has cut interest rates and is expected to boost the economy with another stimulus. Positive momentum is building up, which seems to me like a great opportunity to start a position in one of China&#39;s best businesses out there.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</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>Alibaba Q2: If You Are Not Buying Now, When Will You?</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\">\nAlibaba Q2: If You Are Not Buying Now, When Will You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-16 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4628155-alibaba-q2-if-you-are-not-buying-now-when-will-you><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba Group Holding Limited had a superb second quarter, surpassing expectations and showing re-accelerated sales growth and free cash flow generation.BABA stock is by far the cheapest in its...</p>\n\n<a href=\"https://seekingalpha.com/article/4628155-alibaba-q2-if-you-are-not-buying-now-when-will-you\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4628155-alibaba-q2-if-you-are-not-buying-now-when-will-you","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2359173728","content_text":"SummaryAlibaba Group Holding Limited had a superb second quarter, surpassing expectations and showing re-accelerated sales growth and free cash flow generation.BABA stock is by far the cheapest in its peer group and trades at a free cash flow yield of 12%.The company's balance sheet is a fortress, with 31% of the market cap in cash and short-term investments larger than that of Amazon.Free cash flow is silently moving closer to a new all-time high, while the stock price is back at prices of 6 years ago.Robert WayAlibaba Group Holding Limited (NYSE:BABA) has had a hard time ever since the failed IPO of the Ant Group in November 2020. Following the long-standing Covid-19 restrictions, the world's second largest economy, China, slowed down temporarily. However, Alibaba showed re-acceleration of sales growth in the second quarter, signaling a rebound in consumer spending. The stock price is yet to recover, while free cash flow is closing in on a new all-time high. As a result, extreme undervaluation is present in one of China's wide moat businesses.Data by YChartsBusiness OverviewAlibaba is a multinational conglomerate based in China and one of the world's largest e-commerce and technology companies. Founded in 1999 by Jack Ma, Alibaba has rapidly grown into a wide moat business with various segments, making it a prominent player in the global digital economy. Here's an overview of Alibaba's key businesses and operations:China Commerce:Taobao: Taobao is a consumer-to-consumer (C2C) online marketplace, akin to eBay. It allows individual sellers and small businesses to set up online shops and sell a wide range of products directly to consumers. Taobao's user-friendly interface and extensive product variety have made it immensely popular in China.Tmall: Tmall is a business-to-consumer (B2C) platform that hosts official storefronts for well-known brands and retailers. It ensures product authenticity and quality, which has helped build consumer trust. Tmall's setup is more structured and regulated compared to Taobao, making it a preferred choice for established brands looking to tap into the Chinese market.阿里1688: 1688's platform serves the Chinese domestic market and is focused on wholesale transactions.2. International Commerce:Alibaba.com serves as a global platform connecting businesses from around the world. Alibaba.com facilitates business-to-business (B2B) trade by connecting manufacturers, wholesalers, and suppliers with buyers internationally. The platform streamlines international trade by providing tools for communication, negotiation, and secure transactions.AliExpress: AliExpress is one of Alibaba's primary platforms for international commerce. AliExpress connects Chinese sellers with buyers from around the world, offering a wide range of products at competitive prices. Similar to Taobao, AliExpress primarily serves individual consumers and small businessesLazada: Lazada is another e-commerce business with the largest part of customers in Southeast Asia.3. Local Consumer Services:Ele.me: Ele.me is Alibaba's online delivery platform, connecting users with food and beverages, groceries, flowers and pharmaceutical products. Ele.me focuses on efficient last-mile delivery to ensure that orders reach customers quickly and fresh.AMAP: AMAP provides a range of location-based services, including digital maps, navigation, real-time traffic information, location-based search, and location-based advertising. AMAP's data and services can be integrated into other Alibaba services such as e-commerce platforms, ride-hailing apps,...4. Logistics and Supply Chain:Cainiao Network: Alibaba's logistics affiliate focuses on improving supply chain efficiency and providing advanced logistics solutions to support the company's e-commerce operations.5. Cloud Computing:Alibaba Cloud: Alibaba's cloud computing arm offers a comprehensive suite of cloud services, including computing power, storage, databases, analytics, and AI capabilities. It's a major player in the global cloud services market, competing with companies like Amazon Web Services (AWS) and Microsoft Azure.6. Digital Media and Entertainment:Alibaba Pictures: This segment focuses on film production, distribution, and entertainment-related investments.Youku Tudou: A prominent online video platform in China, often referred to as the \"YouTube of China.\" Alibaba acquired Youku Tudou to expand its digital media offerings.7. Digital Finance and Payments:Alipay: Initially launched as an online payment platform for Alibaba's e-commerce sites, Alipay has evolved into a comprehensive digital financial services platform. It offers services like mobile payments, money transfers, investment options, and credit services.Ant Group: Ant Group, which is for 33% owned by Alibaba, operates Alipay and provides a wide range of financial services, including wealth management, insurance, and lending.Alibaba Annual ReportThe first 6 business segments are soon to be split into 6 companies and will IPO separately, where each company will be run by its own CEO and board of directors. The size of Alibaba has increase a lot of over the last years and to let each segment run on full performance more agility is needed in the business.Superb Second QuarterAnalysts were skeptical about the results of Alibaba and got blown away by a large double beat. The company increased revenue by 14% year-over-year to $32.29 billion, which beat estimates by $1.08 billion. Earnings per share came in at $2.40 (up 48% year-over-over), compared to the estimates of $2.01.Alibaba saw re-accelerating growth in all of their segments. The Chinese market recovered from a 3% year-over-year decline to a 12% increase year-over-year. Noteworthy, international commerce grew 41% compared to 29% in the previous quarter. The cloud business also changed growth direction from a 2% decline in sales to 4% sales growth in Q2.The cloud business growth slowed down a lot, but the CEO Daniel Zhang mentioned this in the latest earnings call:I think if you look at the cloud landscape in China, I think the total cloud infra as a percentage of the IT infra still in a lower -- actually, in a relatively low percentage as compared to the U.S. peers. So we still -- we see still the huge potential first in this cloud infra penetration. Secondly, I think with this AI revolution, I think that this brings incremental opportunities, and because today, all the companies want to use our AI capabilities to upgrade their services and in their own application. So -- but they need a high computing -- high-performance computing power to support this operation, not only in today's training, but also in the influence services to be provided. So I think these two are, we believe, the primary growth engine for the long term.23Q2 Investor PresentationAlthough I am not a big fan of EBITDA or EBITA (also called earnings before everything), this is the only way to compare the profitability of the different segments provided by Alibaba. Alibaba's profitability is improving across the board with the Logistics and Digital Media business as two new contributors to positive EBITA. Furthermore, the Cloud business grew EBITA 106% year-over-year and the International Commerce is finally closer to becoming a profitable business.23Q2 Investor PresentationThe most outstanding news in the earnings report was the comeback of free cash flow growth. Partly boosted by lower CAPEX, the free cash flow increased 76% year-over-year, nearing the all-time high of free cash flow in 2021. The company remained focused on returning value to shareholders through $3 billion in share buybacks.23Q2 Investor PresentationValuationI have chosen three other prominent players in the e-commerce business worldwide, that are similar to Alibaba, to compare various valuation metrics. The first metric covers the price-to-sales ratio. JD.com (JD) is easily beating their peers, followed by Alibaba at 1.9x price-to-sales.Data by YChartsFurther, when we move on to my favorite metric the free cash flow yield, we can see who has the strongest profitability and efficiencies. Alibaba is above and beyond the others with a free cash flow yield of 12%. The next peer is MercadoLibre (MELI), whose free cash flow yield is standing at a solid 6%. The worst performer by far is Amazon (AMZN), with a free cash flow yield of 0.2%.When I was writing my article around Meta Platforms (META) in November 2022, the free cash flow yield was at 8.5%. This was really exceptional for a business of that caliber. Since my article, Meta is up 170%, so who knows what will happen to Alibaba.Data by YChartsIn addition, Alibaba is even more undervalued compared to the peers based on EV-to-free cash flow. EV stands for enterprise value and this takes into account the market cap combined with total debt minus cash and cash equivalents.Data by YChartsDespite, JD's large number of sales compared to their market cap, it is underperforming in profitability by quite a margin. Alibaba is once again the leader with profit margins of 9%, followed by 6% for MercadoLibre.Data by YChartsBalance SheetAlthough Amazon has 5.8x times the market cap of Alibaba, Alibaba's cash and short term investments top those of the e-commerce king Amazon. Alibaba's cash and short-term investments were $75 billion in the latest earnings report and accounted for 31% of the current market cap. This liquidity can further enhance investments in business opportunities.Data by YChartsAlibaba's current ratio is almost reaching 2x and the total liabilities ($86 billion) are even lower than the current assets ($100 billion), showcasing the fortress balance sheet the company has amassed.The balance sheet makes it possible to buy back shares of their own company at the discounted value it is trading at. During the fiscal year 2023, Alibaba repurchased almost $11 billion or 4.5% of shares outstanding. After the second quarter, the company has $16.3 billion remaining under the current share buyback program, or 6.6% of shares outstanding.RisksHowever, investors need to keep in mind that Alibaba has been identified by the SEC under the Holding Foreign Companies Accountable Act. This means the company will be delisted by 2024, if they do not show the right auditing under the rules of the United States.In the annual report of Alibaba, you can find the following positive statement:Following that, on December 15, 2022, the PCAOB announced that it was able to secure complete access to inspect and investigate PCAOB-registered public accounting firms headquartered in Chinese mainland and Hong Kong in 2022. The PCAOB vacated its previous 2021 determinations that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in Chinese mainland and Hong Kong. For this reason, we do not expect to be identified as a Commission Identified Issuer following the filing of this annual report.The dual listing in Hong Kong lowers the risk of losing money must a delisting ever were to happen. Your shares could be converted into Hong Kong listed shares or you can re-buy your shares at the Hong Kong exchange yourself for a similar price, because the dual listing trades around the same price on the New York and Hong Kong exchange.TakeawayFew understand that the COVID-19 era has only recently ended in China, but more and more signs come in that China is ready to bounce back. The drop in Alibaba's share price was not completely risk driven and also partly justified in the drop of profitability and free cash flow after the incredible years of 2020 and 2021. The free cash flow generation is back on trend and is likely to go higher. Investors are known to exaggerate risks in a downtrend and Alibaba is no exception at all. Once the price recovers, supported by business performance and share buybacks, the risks we heard so loudly in 2021 and 2022 will play on the background.Data by YChartsI rate Alibaba Group Holding Limited stock a \"Strong Buy\" around $100 a share. The company is fundamentally exceptional and undervalued compared to the closest peers. The management is shareholder friendly with strong support of share repurchases. Furthermore, Alibaba's restructuring is likely to lead to more focus, efficiencies and profitability in all the different segments. China is easing up regulatory moves on businesses, has cut interest rates and is expected to boost the economy with another stimulus. Positive momentum is building up, which seems to me like a great opportunity to start a position in one of China's best businesses out there.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916170855,"gmtCreate":1664545472777,"gmtModify":1676537475045,"author":{"id":"4088465576185570","authorId":"4088465576185570","name":"ZackChia","avatar":"https://static.tigerbbs.com/90f82bfb7f8bb1e887247a1d0c7bef93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088465576185570","authorIdStr":"4088465576185570"},"themes":[],"htmlText":"There is no conclusive or evidence based reasons in your article. Just based on a bad week?&nbsp;","listText":"There is no conclusive or evidence based reasons in your article. Just based on a bad week?&nbsp;","text":"There is no conclusive or evidence based reasons in your article. Just based on a bad week?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9916170855","repostId":"1186340642","repostType":4,"repost":{"id":"1186340642","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":1664544674,"share":"https://ttm.financial/m/news/1186340642?lang=&edition=fundamental","pubTime":"2022-09-30 21:31","market":"us","language":"en","title":"S&P 500 Falls Slightly to Close Out a Miserable Week, Month and Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=1186340642","media":"Tiger Newspress","summary":"Stocks fell Friday as traders looked to close out a terrible week that brought the S&P 500 to a new ","content":"<html><head></head><body><p>Stocks fell Friday as traders looked to close out a terrible week that brought the S&amp;P 500 to a new 2022 low.</p><p>The S&amp;P 500 was down 0.69%. The Dow Jones Industrial Average lost 217 points, or 0.74%, while the Nasdaq Composite was 0.59% lower.</p><p>An inflation report closely watched by the Federal Reserve released Friday showed that prices continued to increase at a rapid pace.</p><p>Federal Reserve Vice Chair Lael Brainard on Friday underscored the need to bring down inflation, saying the central bank is “committed to avoiding pulling back prematurely” on restrictive monetary policy.</p><p>Nike shares fell 13% after the company reported that sales increased, but supply chain and inventory issues hampered the bottom line in its fiscal first quarter.</p><p>Stock sold off Thursday, with the Dow losing more than 1% and the S&amp;P 500 and Nasdaq Composite each dropping more than 2% as investors weighed concerns over future rate-hiking decisions from the Federal Reserve and the impact on the market.</p><p>Those losses put the major averages on pace for sharp weekly losses. The S&amp;P 500 is off 1.5% for the week. The Dow is down 1.5% and the Nasdaq is 1% lower.</p><p>“The market stinks,” said Jamie Cox, managing partner of Harris Financial Group. “But that’s basically what the Fed wants: tighten financial conditions, and they believe that that will help bring down inflation to the levels that they find acceptable. And they’re using the transmission mechanism of the market to make that happen.”</p><p>Friday also marked the last day of the month and the third quarter. For September, the S&amp;P 500 and Dow are down more than 7% each through Thursday’s close. That would be the worst monthly performance for the Dow since March 2020 and the biggest one-month decline for the S&amp;P 500 since June. The Nasdaq is headed for its biggest monthly loss since April, losing 9.1%.</p><p>Quarter to date, the S&amp;P 500 and Nasdaq are headed for their first three-quarter losing streak since 2009, losing 4% and 2.7%, respectively. The Dow is down 5.4% in the third quarter and is on pace to post a third-straight losing quarter for the first time since 2015.</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>S&P 500 Falls Slightly to Close Out a Miserable Week, Month and Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 Falls Slightly to Close Out a Miserable Week, Month and Quarter\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\">2022-09-30 21:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks fell Friday as traders looked to close out a terrible week that brought the S&amp;P 500 to a new 2022 low.</p><p>The S&amp;P 500 was down 0.69%. The Dow Jones Industrial Average lost 217 points, or 0.74%, while the Nasdaq Composite was 0.59% lower.</p><p>An inflation report closely watched by the Federal Reserve released Friday showed that prices continued to increase at a rapid pace.</p><p>Federal Reserve Vice Chair Lael Brainard on Friday underscored the need to bring down inflation, saying the central bank is “committed to avoiding pulling back prematurely” on restrictive monetary policy.</p><p>Nike shares fell 13% after the company reported that sales increased, but supply chain and inventory issues hampered the bottom line in its fiscal first quarter.</p><p>Stock sold off Thursday, with the Dow losing more than 1% and the S&amp;P 500 and Nasdaq Composite each dropping more than 2% as investors weighed concerns over future rate-hiking decisions from the Federal Reserve and the impact on the market.</p><p>Those losses put the major averages on pace for sharp weekly losses. The S&amp;P 500 is off 1.5% for the week. The Dow is down 1.5% and the Nasdaq is 1% lower.</p><p>“The market stinks,” said Jamie Cox, managing partner of Harris Financial Group. “But that’s basically what the Fed wants: tighten financial conditions, and they believe that that will help bring down inflation to the levels that they find acceptable. And they’re using the transmission mechanism of the market to make that happen.”</p><p>Friday also marked the last day of the month and the third quarter. For September, the S&amp;P 500 and Dow are down more than 7% each through Thursday’s close. That would be the worst monthly performance for the Dow since March 2020 and the biggest one-month decline for the S&amp;P 500 since June. The Nasdaq is headed for its biggest monthly loss since April, losing 9.1%.</p><p>Quarter to date, the S&amp;P 500 and Nasdaq are headed for their first three-quarter losing streak since 2009, losing 4% and 2.7%, respectively. The Dow is down 5.4% in the third quarter and is on pace to post a third-straight losing quarter for the first time since 2015.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186340642","content_text":"Stocks fell Friday as traders looked to close out a terrible week that brought the S&P 500 to a new 2022 low.The S&P 500 was down 0.69%. The Dow Jones Industrial Average lost 217 points, or 0.74%, while the Nasdaq Composite was 0.59% lower.An inflation report closely watched by the Federal Reserve released Friday showed that prices continued to increase at a rapid pace.Federal Reserve Vice Chair Lael Brainard on Friday underscored the need to bring down inflation, saying the central bank is “committed to avoiding pulling back prematurely” on restrictive monetary policy.Nike shares fell 13% after the company reported that sales increased, but supply chain and inventory issues hampered the bottom line in its fiscal first quarter.Stock sold off Thursday, with the Dow losing more than 1% and the S&P 500 and Nasdaq Composite each dropping more than 2% as investors weighed concerns over future rate-hiking decisions from the Federal Reserve and the impact on the market.Those losses put the major averages on pace for sharp weekly losses. The S&P 500 is off 1.5% for the week. The Dow is down 1.5% and the Nasdaq is 1% lower.“The market stinks,” said Jamie Cox, managing partner of Harris Financial Group. “But that’s basically what the Fed wants: tighten financial conditions, and they believe that that will help bring down inflation to the levels that they find acceptable. And they’re using the transmission mechanism of the market to make that happen.”Friday also marked the last day of the month and the third quarter. For September, the S&P 500 and Dow are down more than 7% each through Thursday’s close. That would be the worst monthly performance for the Dow since March 2020 and the biggest one-month decline for the S&P 500 since June. The Nasdaq is headed for its biggest monthly loss since April, losing 9.1%.Quarter to date, the S&P 500 and Nasdaq are headed for their first three-quarter losing streak since 2009, losing 4% and 2.7%, respectively. The Dow is down 5.4% in the third quarter and is on pace to post a third-straight losing quarter for the first time since 2015.","news_type":1},"isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}