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2023-06-11

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2023-06-11

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@TigerEvents:Light up your investing with Tiger, play and win prizes worth up to USD 999

2022-06-23

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Can Twitter Stock Rebound To $50?

2022-06-22

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US STOCKS-Wall Street Gains Over 2% in Broad Rebound

2022-06-13

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US Futures Fall as Inflation Shock Saps Sentiment

2022-06-08

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3 Unstoppable Stocks to Buy Now and Never Sell

2022-05-22

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Nvidia: Ridiculous Times Indeed

2022-05-17

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LUNA Crypto: Where Do Things Stand After Terra’s Stablecoin Failure?

2022-05-13

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Buy Coinbase and Unity; Sell Sea: Cathie Wood's ARK Invest Trades for 5/12

2022-05-12

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3 Beaten-Down Growth Stocks Worth Buying on the Dip

2022-05-11

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2022-05-11

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S&P 500, Nasdaq End Higher in Choppy Session as Inflation Data Looms

2022-05-09

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Nasdaq Bear Market: 3 Jaw-Dropping Growth Stocks You'll Regret Not Buying on the Dip

2022-05-08

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Tesla: Overvalued By 85.26% And Not A Technology Company

2022-05-08

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Tesla: Overvalued By 85.26% And Not A Technology Company

2022-05-07

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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

2022-05-06

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3 Dividend Stocks That Recently Hiked Their Payouts

2022-05-06

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2022-05-05

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Skillz Falls 7% As Q1 Loss Swells on Higher Costs

2022-05-02

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Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.

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it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185865010233352","repostId":"9970552986","repostType":1,"repost":{"id":9970552986,"gmtCreate":1684749089245,"gmtModify":1686052573124,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"Light up your investing with Tiger, play and win prizes worth up to USD 999","htmlText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! Along your journey, uncover hidden rewards and unlock exclusive bonuses that will supercharge your investing game!Not only will you gain valuable knowledge and insights, but you'll also compete with fellow investors for the top spot on our leaderboard!Invite your friends and embark on this epic investing adventure together! Let's light up the world of investing with Tiger!Don't miss out on this limited-time opportunity!Campaign period: 6th June to 27th June. *T&amp;Cs apply.👉 <a href=\"https://tigr.link/lightupsg\" target=\"_blank\">Click here to start play</a>","listText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! 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But what is really going on? Is Twitter a good investment opportunity? We’ll answer all of these questions and more.</li></ul><p><b>What’s The History Of Twitter?</b></p><p>You need to understand the history of Twitter in order to evaluate it as an investment, so don’t skip this part!</p><p>Contrary to popular belief, Twitter was not founded by Jack Dorsey.</p><p>Twitter Inc. (NYSE:TWTR) was born out of a podcasting company called Odeo in 2006, which in turn had been founded by Evan Williams and Noah Glass.</p><p>Shortly after Odeo was launched Apple launched its own podcasting service which presented a strategic dilemma for Williams and Glass. What to do?</p><p>In the event, what they did was to pivot. They bought into a pitch that one of their junior employees, Jack Dorsey, had made. The idea was to launch a group messaging service and this ultimately became Twitter.</p><p>So far, so good.</p><p>The Twitter idea was based around SMS text messaging. Bear in mind that this is before the iPhone existed and so predates smart phones generally. In those days, and of critical importance, SMS messages were limited to 140 characters and enabled one-to-one communication. In 2006 group communication wasn’t a thing and social networking was embryonic. So it is fair to say that the Twitter concept was well ahead of its time.</p><p>You may be thinking to yourself that today we have Facebook, Instagram, WhatsApp and other group messaging services, so Twitter has become marginalized and had squandered its opportunity to claim dominance in this space.</p><p>If so, you have missed a critical element in the Twitter investment thesis.</p><p>Facebook, Instagram, WhatsApp, LinkedIn and other social media platforms focus on the user interacting with his or her existing network of friends, family or work place acquaintances.</p><p>Twitter is different. It focuses on the user interacting with complete strangers based on common interests and, more importantly, intelligence and information sharing.</p><p>I cannot overstate the importance of this distinction.</p><p>My wife loves Facebook because it allows her to keep up with what Kim Kardashian had for breakfast or who Britney Spears is marrying this week. It allows her to look at the vacation photographs of her old school friends. In short, it is a quasi-voyeuristic means of wasting time. It is no more productive than watching reality TV shows. It is great for people with too much time on their hands. In terms of productivity, while some people promote their business interests on Facebook, for most people it is an unproductive means of spending time. One might argue that it serves as a distraction from spending time productively doing something else, and so it destroys productivity generally.</p><p>Twitter is different. It is the go to place for people wanting to share ideas and knowledge. Said differently, it is a tool that is used to create productive value. It is the electronic town-square where the intelligentsia congregate. It is the social media hub preferred by politicians, journalists, financiers, business people and other educated influential people.</p><p>Until he was banned, Donald Trump used Twitter as his primary means of communication to drive public relations. Today it is still favoured by Barack Obama (who is at the head of the leader board with 132 million followers), President Biden, Elon Musk, Bill Gates and so many others. The Prime Minister of India, Narendra Modi is the most followed Asian person on Twitter. None of these people waste their day on Facebook or Instagram or TikTok.</p><p>If you are interested in sport and music, Twitter is the place that the stars tend to make big announcements. These include Justin Bieber, Katy Perry, Rihanna, Cristiano Ronaldo, Taylor Swift, Ariana Grande, Lady Gaga, Shakira, LeBron James to name but a few. All of these people have millions of followers on Twitter.</p><p>In short, news is being made on Twitter all of the time. Announcements are being made on Twitter. Valuable opinions are being shared on Twitter. Most of the activity on Twitter is productive activity.</p><p>On Twitter you will form a network of people with whom you are not acquainted and with whom you are highly unlikely to ever be acquainted, but with whom you have overlapping interests. It is a place to share thoughts and opinions, where one might seek information and knowledge amongst strangers. In this regard it is the electronic version of ancient Athens where people would gather to listen to the likes of Socrates and Plato, to challenge ideas and to debate.</p><p>So, Twitter is not in competition with Facebook and other social media platforms because it offers something entirely different. It is, to a large extent, enjoying a monopoly in the niche in which it operates.</p><p>Interestingly, Twitter (market cap $28bn) is currently approximately 5% the size of Facebook (market cap $460bn), but in terms of societal relevance and importance it is arguably higher up the scale.</p><p>Facebook has 1.6 billion daily users, while Twitter has close to 250 million. That suggests a huge untapped TAM for Twitter to capture.</p><p>So, you may ask:</p><ul><li><p>Why has Twitter’s share price stagnated since IPO while other social media platforms have sky-rocketed in value?</p></li><li><p>Is there still an opportunity to unlock explosive growth? If so, what is the investment thesis moving forward?</p></li></ul><p>These are exactly the questions that you ought to be asking. This article presents the answers.</p><p><b>Why Is The Twitter Share Price Down?</b></p><p>The answer to this loaded question is that the share price may now be lower than it was at Twitter’s IPO in 2013, but the value of the company has increased significantly over the same period.</p><p>Following Twitter’s IPO in November of 2013, the first trade was a little over $45. Today, while I write this article, it trades for less than that ($38 to be precise). So in the eight and a half years since Twitter went public, its share price is down and early investors are very unhappy.</p><p>To put this in context, the last decade has seen the most lax monetary policy with an expansion in money supply and negative real term interest rates, all of which has acted as an accelerator for IT based intangible asset heavy companies to flourish.</p><p>Even after the huge correction of 2022, Facebook (META) isup350% over the period from November 2013 to today (from $50 to $175), while Twitter is down 15% ($45 to $38). So what gives?</p><p>The problem was not so much with the business or indeed its subsequent performance, but with the share price. While Twitter is arguably under-priced today (more on this later), it was vastly over-priced in 2013. Investors back at the IPO had no chance of making any kind of reasonable return in the short to medium term because a decade of future growth was already baked into the share price. Said differently, the intrinsic value of the business needed the best part of ten years to catch up with the over-inflated market valuation.</p><p>I always remind myself that investing in a great company at the wrong price makes for a poor investment. This kept me away from Twitter over the last decade.</p><p>However, now it appears that the share price may be below intrinsic value and so for the first time I am now becoming interested in this investment opportunity.</p><p><b>What’s The Problem With Twitter?</b></p><p>Despite having a virtual monopoly in the space in which it operates, and having had a first mover advantage, the performance of the Twitter management team has been poor. This can be broken down into specific failings:</p><ol><li><p><b>Big Egos In The Way of Good Business</b></p><p>Twitter has been a victim of over inflated egos for 15 years. When Dorsey suggested that Odeo pivot to an SMS messaging service in 2006 (see first part of this article), Williams and Glass bought into the idea and Jack was named CEO. After that, rather than working together, these over inflated egos were locked in conflict with each other. There have been books written about it. Dorsey was fired in 2008 and Evan Williams, the Odeo founder, took control. In 2009, Williams brought one of his friends, DickCostolo, in to Twitter as COO. Believe it or not, Costololanded at Twitter and sent his first Tweet which read: &#34;<i>First full day, Twitter COO tomorrow. Task number one, undermine CEO, consolidate power</i>.&#34;  Initially it was taken as a joke but, truth is stranger than fiction, and in October 2010 Williams was fired by the venture capital firms backing the business and he is replaced by… you guessed it, Costolo. So Dick Costolo serves as the CEO until 2015. At that point, Costolo is pushed out and guess who comes back as CEO now?! Jack Dorsey. What a mess! By this point Dorsey was also acting CEO of his other listed company, Square (now called Block). It is fair to ask if anyone has the capacity to effectively manage two public tech companies. I would argue not. In any event, had there not been so much back-stabbing, and if Dorsey had been CEO from the beginning to see his vision through, then it may all have been very different. After all, many of the most successful tech companies were founder led: think Jeff Bezos, Mark Zuckerberg, Bill Gates, Steve Jobs. But the story doesn’t end there. There are more twists to this saga. By 2019 activist investors Elliot and Silver Lake were involved in the business. They recognised that Twitter had so much untapped potential and so they sought to unlock its true value. The changes that they introduced (more on this later) were very positive, but they culminated in Jack Dorsey resigning at the end of 2021 and leaving the company the very same day without serving any notice. Did he really leave voluntarily or was he pushed? Who cares? So, the good news is that the big egos have now all gone and the business is in the hands of shrewd capitalists which bodes well for the future.</p></li><li><p><b>Corporate Greed At The Expense of Shareholders</b></p><p>Stock Based Compensation has been abused at Twitter. In the period 2014 to 2019 (6 years), Twitter’s SBC totalled $3.1 billion which was 20.3% of its top line revenue and 170% of its reported EBITDA! Rather than the company being run for the benefit of its shareholders (the way that it is supposed to work), US tech companies, such as Twitter, are being run for the benefit of their over paid management teams who are syphoning off money in the form of SBC in order to enrich themselves at the expense of shareholders. Twitter did repurchase $245 million of common stock in 2020, but issued almost double that in stock based compensation so arguably the buy back was simply used to mask the SBC abuse. So while Twitter shareholders have seen a negative capital return since the 2013 IPO, Jack Dorsey has gone from being a humble employee on a regular wage to becoming a billionaire. I hear you objecting that he invented Twitter and so deserves a payback. Others may be objecting that he has made some of his wealth from his other company Square. Well, in response to the first objection, Dorsey’s net worth was $2.2bn on the day of the Twitter IPO and that was his payback for his invention. There was no need to treat the company as a cash cow for employees. In response to the second objection, Square was the product of his financial windfall from Twitter and so without one there would not be the other. In any event, Bloomberg’s Billionaires Index calculated Dorsey’s net worth in 2022 at $12.3bn and so between the IPO and today Dorsey has seen his wealth increase by 500% while his shareholders have watched the IPO share price of $45 drop to $38, a loss of 15%. Is that right? I’ll leave you to make up your own mind! My opinion, for what its worth, is that SBC is a wealth transfer from shareholders to senior management and ought to be the subject of very strict regulation because it amounts to market abuse.</p></li><li><p><b>Poor Corporate Culture</b></p><p>Twitter had low staff morale and high employee turnover. This made it difficult to hire or retain the best people.</p></li><li><p><b>Trolls</b></p><p>The platform was not well policed and was mired with people harassing and abusing each other. It actually began to lose users and had negative revenue growth in 2017 as a result.</p></li><li><p><b>Bad Tech Infrastructure</b></p><p>The tech stack was poorly designed which meant that development was dangerous. Essentially, the way that modern IT businesses operate is that they build modular components into a tech stack that combines to form the overall product. If one module is changed and encounters an issue, the rest of the stack is unaffected and the business can continue. However, at Twitter there was effectively a single module and so a small change could have destabilised the entire platform. Consequently, the safest course of action was simply to maintain the status quo and to make as few changes as possible. In fact, in almost a decade to 2020 there were really only two primary enhancements. The first was a doubling in the number of characters that make up a Tweet from 140 to 280; and second, the timeline changed from being chronological to being algorithmic which enabled it to feel a little more relevant for users. The look and feel was largely unchanged and an unevolved platform has hindered Twitter in its ability to grow and to better engage its user base.</p></li></ol><p><b>Is Twitter A Failing Company?</b></p><p>Answering this loaded question, the answer is categorically “No”. In fact, the opposite is true. Twitter is a company going from strength to strength.</p><p>To his credit, when he returned in 2015, Dorsey recognised some of the key failings at the company and in the period 2017-2021 he focused on an organizational shake-up. There were four pillars of improvement at the heart of his plan:</p><ol><li><p>Improving employee talent and morale</p></li><li><p>Increasing the focus of the team</p></li><li><p>Cleaning up abuse and harassment on the platform, and</p></li><li><p>Rebuilding the tech stack in a modular configuration and simultaneously adding new functionality (more on this later)</p></li></ol><p>Dorsey’s efforts were rewarded and the health of the business began to improve. Revenue growth returned in 2018, and user growth accelerated in 2019.</p><p>Operating margins turned positive for the first time in the company’s history in 2017 which was a significant milestone.</p><p>Fast forward to today and top line revenue is up 7.9x on where it was at its IPO (CAGR 29%) and more than double where it was in 2017</p><p>Today Twitter is arguably a far better business than it has ever been in its lifetime, yet ironically it is available at the lowest share price!</p><p>However, don’t go and click that buy button on the screen just yet. An intelligent investor buys based on fundamentals not on price action. Just because it is trading lower now than it has in the past does not mean that it is a great investment.</p><p>The key reason for the under-performance of the share price was that the IPO price was way too rich. Twitter was trading at 52x sales back then. Utter madness and there is a lesson to be learned there. As I said earlier, my number one rule is that even a great company at the wrong price makes for a poor investment. At 52x sales, if the company was able to perform the impossible and convert all of its top line revenue into profit (implying zero costs, zero tax and zero financing costs) then the investor would only see a 1.9% earnings yield on investment. Not even close to the hurdle rate for an intelligent investor. Layer on costs, taxes and financing costs and the return promised by the company at IPO based on a silly valuation was negative. It should come as no surprise then that early investors have experienced a capital loss on investment over the past 10 years.</p><p>From its IPO to today, Twitter achieved top line growth of 688.5% (from $665m to $5.2bn). However, the total return seen by shareholders was -3.1% (yes that is negative). In other words, ten years worth of 29% compounded annual growth was already baked in to the IPO price. Said differently, investors at the IPO gave away 10 years worth of 29% compounded growth by over paying back then! Ouch!</p><p>Twitter is on target to generate $6bn of revenue this year and it has a $30bn enterprise value, so it is available at a far more reasonable 5x sales today, although against recent operating margins and profit margins it is still not necessarily a bargain. The big question is how far can the turnaround take it and how much margin expansion is achievable?</p><p>In order to answer that question, we need to understand the Twitter business model.</p><p><b>What is the Twitter Business Model?</b></p><p>There are two types of people on Twitter: the user and the creator. Creators put quality content onto the platform and so attract the users. It is something of a fly-wheel situation. Twitter provides creators with the tools that they need to attract their followers. More users means more reason for creators to produce content. This leads to more followers and it attracts more users, and so on. That is the Twitter moat. It has a fantastic network effect. The key creators have literally millions of Twitter followers which is a valuable thing. Followers are what creators crave because that results in influence, power and the opportunity to monetize the user base.</p><p>Barack Obama can send his thoughts and ideas to 132 million people with the click of a button. Why would he or any other creator give that up to use an alternative platform? They wouldn’t. Twitter has an entrenched position, a wide moat. It’s very difficult for a competitor to take that away from Twitter now.</p><p>Most users of the platform don’t pay to use it. That means that the users are not the customers but the commodity. Twitter monetizes them through advertising (circa 90% of revenue). The balancing 10% of the top line comes from Twitter reselling aggregated user data and by providing user tools on a SaaS basis at a reasonably high margin.</p><p>That&#39;s it in a nutshell, that&#39;s the business.</p><p><b>Who Runs Twitter?</b></p><p>The board of directors is very strong and looks like this currently:</p><p><img src=\"https://static.tigerbbs.com/c4ea5086ec0ad8bcbdf3fe992921e35a\" tg-width=\"435\" tg-height=\"522\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Twitter Board of Directors(Twitter)</p><p>Although Jack Dorsey is no longer the CEO, he is still on the board of directors.</p><p>Jack Dorsey’s sudden and unexpected resignation as CEO sent a shock wave through the market. Most CEOs give notice to leave and stay for an orderly handover to their successor. Bear in mind that Dorsey owns over 2.25% of Twitter and so it would be in his interest to remove all friction from the transition process. But that’s not what he does. Instead he says,&#34;I&#39;m done today, and the new CEO is Parag Agrawal.&#34; That kind of behaviour does not inspire confidence and so the share price was hit.</p><p>As you know, market sentiment follows market narrative. The narrative follows the stock price. The stock price has been a disaster and so the backwards-looking narrative is negative, as is sentiment. Twitter needs to dig itself out of this hole but the actions of Mr Dorsey only made it worse.</p><p>The business is now being guided, at least in part, by activist investors Elliott Management Corp and Silver Lake. They are both heavily invested and were instrumental in the turn around of the business so far.</p><p>The company is trying to reinvent the narrative and at the end of 2021, Elliott issued the following statement:</p><p><img src=\"https://static.tigerbbs.com/1d14fa3c0b678b00340135b0f0f0483b\" tg-width=\"640\" tg-height=\"321\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Elliott Management statement on Twitter(CNBC)</p><p>Back to the change of CEO story, Mr Agrawal, previously the CTO at Twitter, was largely an unknown quantity to shareholders. So that didn’t help allay concerns of shareholders. However, I take comfort in the fact that a very competent board approved of the new CEO.</p><p>It is also worth pointing out that Bret Taylor was appointed chairman of Twitter at the same time. He is highly respected in Silicon Valley and he is co-CEO of the very successful Salesforce.</p><p>I’m not concerned about the departure of Dorsey. In the first instance, he needed guidance from activist investors to really begin the process of turning the business around. Second, he seems to have an enormous ego, which is not a good trait for a CEO. Third, he presided over what I describe as outrageous abuse of stock based compensation at the company. Fourth, he is CEO at Block (formerly Square), and there is no way one person can properly manage two public tech companies.</p><p>Mark Zuckerberg once described Twitter as “the clown car in the gold mine” because it had squandered such a wonderful gold plated opportunity in the past.</p><p>Now that the clowns are gone it has the best chance to achieve its true potential.</p><p><b>How Will Twitter Evolve?</b></p><p>In the future, in order to drive value, Twitter needs to focus on three core KPIs:</p><ol><li><p>User acquisition (expand its user base)</p></li><li><p>Generate more user engagement</p></li><li><p>Drive more revenue per unit of engagement</p></li></ol><p>I’ll explain how it is addressing this challenge.</p><p>The first iteration of Twitter, which didn’t change until recently, made it challenging to sign up, to sign in and to get going. Navigation wasn’t easy and finding people with common interests to connect with was challenging. This friction acted as an impediment to growth.</p><p>However, this is all changing.</p><ul><li><p>Now users can use a Google ID or Apple ID to sign in quickly and easily.</p></li><li><p>Twitter uses algorithms to do all of the heavy lifting. For example, recently Twitter addressed this issue with a feature called Topics. In the past, if you wanted to learn more about your favourite football team then you needed to fish around Twitter to find people who were publishing information on your team. Today you simply click the Topic that you like, so the name of the football team, and the rest happens automatically. Not only that, but the platform now suggests Topics based on your activity. Far less friction which is great for user acquisition and engagement.</p></li><li><p>Once on the service, Twitter provides users with an incentive to come back more frequently and to spend more time on the platform. This means connecting users to the content that they love, content that they cannot find elsewhere. Referring back to the fly-wheel mentioned earlier, this means making it easy for creators to produce engaging content and Twitter is enhancing its suite of tools for creators.</p></li></ul><p>This is all driving user engagement and increasing user numbers. This then needs to be monetized.</p><p>To increase revenue per engagement requires using machine learning to better understand what users are looking for and to deliver timely, targeted, quality adverts. Google is the master of this. Rather than just flashing up brand recognition adverts in a scatter-gun approach (like the pitch side adverts at the Super Bowl), instead they use a sniper rifle to target specific users and attempt to drive a purchase through a call to action, otherwise known as direct response advertising. This is higher margin advertising because the return on advertising spend (ROAS) is so much higher due to the targeting.</p><p>Targeted advertising is easier today with the Topics feature mentioned earlier because Twitter is now being told by users what they are most interested in. No need to second guess by reading between the lines which is what Facebook and Google do. So Twitter has a real advantage in that regard.</p><p>Twitter currently has approximately a 5% market share in advertising from large brands but has less than 0.5% of the advertising market from Small and Medium sized Enterprises ((SMEs)). The latter is where it needs to focus its attention. This goes back to the point made earlier about brand advertising versus transactional advertising linked to e-commerce.</p><p>None of this is difficult. It simply requires the focus of good management. SMEs need the tools provided by Twitter to design and deploy their own advertising campaigns and choose how to target them. Twitter can do the rest.</p><p>So far we have looked at enhancing the business as it is. But we can also layer on top of that commercial opportunities that have not been properly exploited.</p><p>Top of that list is subscriptions. Twitter has two different kinds of subscriptions:</p><ol><li><p>Creator subscriptions enable charges to be levied by people creating valuable compelling content. So, you may be prepared to subscribe to the Twitter feed of The New York Times for example, or your favourite sports commentator. Most of this revenue goes to the creator and so this is less of a top-line boost for Twitter, but it does create a strong incentive for creators to fuel the fly-wheel by constantly producing great content in order to protect the subscription revenue. This indirectly benefits Twitter through greater user engagement.</p></li><li><p>Premium feature subscriptions. This is offering software as a service called Twitter Blue in the form of creator tools. It is interesting that if a creator is earning good money from his or her creator subscriptions then they will want to subscribe to Twitter premium tools. And so not only is Twitter taking a percentage of the creator subscription, but it is also, indirectly, taking another piece of it in the form of premium feature subscriptions. SaaS business has high operating leverage and so this is very high margin, recurring revenue, and largely untapped today. In this bucket we also need to consider Tweet Deck which was acquired by Twitter about a decade ago. It is effectively a power tool for people who spend their entire day on Twitter. Historically it has been offered as a value added free service, no idea why but perhaps it is because it has seen very little investment for over eight years. However, Twitter has revamped Tweet Deck and will be rolling it out on a fee paying subscription basis. So even more high margin business. All of this helps push average margins up (more on this later).</p></li></ol><p>The next untapped opportunity is the ability to transact seamlessly inside the platform. This removes friction and creates more user engagement. It also feeds directly off the SME advertising push. E-commerce is a huge opportunity.</p><p>Finally, we need to look at all of this in terms of ARPU (average revenue per user) because Twitter has an opportunity to push this number significantly higher.</p><p>Facebook has a more diverse user base. Its users come from all walks of life and all demographics. By contrast, not everyone uses Twitter. Instead it appeals to a niche of the market. Twitter users are typically more affluent, higher income and higher educated people than Facebook users. Against that backdrop one would expect Twitter to generate a higher ARPU than Facebook, but it doesn’t. Facebook is generating more than three times the revenue per user.</p><p><img src=\"https://static.tigerbbs.com/3dc15568766d55aa464f7b9c19bba966\" tg-width=\"636\" tg-height=\"590\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>ARPU social media companies(PostBeyond.com)</p><p>So, think about this. If Twitter is only able to match Facebook in terms of ARPU in the future, then that means revenue growth of 300%. Given that Twitter has a more affluent user base and arguably more valuable content, there is no reason to think that it can’t exceed the Facebook ARPU.</p><p>Twitter has, finally, moved to an innovation phase. Over the last couple of years they have been playing with a raft of new services from e-commerce, recorded audio, live audio, subscription services sold by Twitter (not the creators) and professional profiles that are not dissimilar to LinkedIn. It has the user base to expand in all of these areas and from which it is able to increase its ARPU from non-advertising revenue.</p><p>So if we add the non-advertising revenue to the opportunity that Twitter has to increase its targeted advertising as discussed above, this starts to look super interesting.</p><p>Twitter is not only growing again but its growth is accelerating.</p><p>COVID-19 certainly provided a much needed boost for Twitter, but it is still growing users at a double digit rate.</p><p>It doesn’t take a genius to work out that if ARPU grows and user numbers grow then you benefit from a multiplicative effect.</p><p><b>Is Twitter A Good Investment?</b></p><p>First, it is important to know why Twitter has been a bad investment historically so that you are able to understand why it may be better in the future.</p><p>The first trade post IPO was at $45.10 and today the stock trades closer to $38.00, which is a total annual return of -2.12% (Twitter doesn’t pay dividends)</p><p>Let’s break out the fundamental reasons why investors have seen a such a poor return on their investment. Since IPO:</p><ul><li><p>Revenue has grown 688.5% (this is where the good news ends for shareholders)</p></li><li><p>The share count has expanded by 27.9% (diluting shareholders)</p></li><li><p>Adjusted owner earnings margins have declined by 90.2% (not good for shareholder returns)</p></li><li><p>The over inflated IPO sales multiple has contracted by 89.4% (destroying shareholder value)</p></li></ul><p>The cumulative effect of all of this (the mathematics is beyond the scope of this article but know this, it is a multiplicative function) means that on total return basis sales growth contributed 2.66% to total returns over the period while the dilution shaved 0.38% off that number, the declining margins shaved 2.27% off that number and the multiple contraction shaved 2.13% off that number.</p><p>2.66% - 0.38% - 2.27% - 2.13% =<i>-2.12%</i>CAGR from IPO to now (-17% Total Return from IPO until today)</p><p>This has seen the share price slide from $45 at IPO down to $37 and change today.</p><p>So, what does this mean for the future?</p><p><b>What’s The Fair Value of Twitter?</b></p><p>In 2018 and 2019, prior to its heavy growth investment today, EBITDA margins were over 20% but today they have been compressed to 10.4%. Now consider that Facebook has an EBITDA margin near 45% and you can imagine how much margin expansion is possible for Twitter. It should certainly be able to expand its margin to around 25% after the heavy investment in turning the business around is complete. So this is our first bull case assumption.</p><p>We know that Twitter targets to expand its user base aggressively, to increase its user engagement and to increase its ARPU - the latter two will see a benefit flowing both from the new users plus more engagement from existing users.</p><p>Targets set by Twitter at the beginning of 2021 were that by the end of 2023 it aims to have 315m daily active users (the number was 200m when the target was set so that’s an aggressive number), but it is moving in the right direction finding itself in the mid 200s today (see chart below).</p><p><img src=\"https://static.tigerbbs.com/b6ff7957561f0b530113b6ff748e7ebd\" tg-width=\"640\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Twitter daily active users(Statistica)</p><p>The revenue target for the end of 2023 was set at $7.5bn. It was $3.7bn at the end of 2020 when the target was set and $5.1bn a year later at the end of 2021, so it appears on track to achieve this.</p><p>Twitter may actually exceed its target numbers. So, let’s say that by the end of 2023 it achieves its 315m users. Twitters annual ARPU is approximately $25 in North America, but if we assume a 10% uplift to $27.50 (which is easily achievable given that Facebook achieves $62 ARPU in North America) then that gets us to $8.7bn top line revenue well ahead of target.</p><p>Alternatively, at an ARPU of $27.50 if Twitter hits its $7.5bn target then it only needs to increase its daily active users to 273m rather than the 315m.</p><p>Either way, let us use the $7.5bn top line number as our second assumption.</p><p>It seems appropriate at this juncture to quickly deal with the noise created by Elon Musk in relation to fake accounts and bots being active on Twitter. I am discounting that noise because it washes out in my numbers. Allow me to explain. If the actual number of active daily real users is lower than our assumptions then the ARPU per real user must be higher because our ARPU numbers are based on the number of users (the two are inextricably linked). We are assuming a 10% increase on ARPU and so it doesn’t matter what the starting point really is, a 10% uplift is a 10% uplift. The result is the same.</p><p>The final assumption is the multiple. Twitter currently trades on a difficult to justify 5x sales multiple. Even if it achieves a very ambitious profit margin of 25%, then that means an earnings yield for the investor of only 5%. Inflation is pushing risk free rates higher and so earnings yields will need to move the same way. This would suggest a multiple contraction rather than an expansion in coming years.</p><p>Although Twitter is nowhere close to a 25% margin today, bear in mind that it is a business that invests heavily on in-house development of intangible assets. These are off balance sheet assets due to international accounting standards which means that they are expensed immediately rather than being amortized over time. Expensed investment steepens the shareholder return curve. It depresses the front end but boosts the back end. This is because investments that are all paid for today will yield benefits for years to come and so there is a mismatch between the accounting treatment of revenues and of costs. In other words, after the investments have been made, operating leverage should kick-in.</p><p>So let’s stick to a very ambitious 25% forward profit margin. This is our final assumption.</p><p>Today the Enterprise Value of Twitter is $30bn, so if it hits its $7.5bn top line target by the end of 2023 and the sales multiple contracts to 3x (in line with its peers and producing an 8% earnings yield against an assumed profit margin of 25%), you arrive at an enterprise value closer to $22.5bn.</p><p>Looking at it slightly differently, $7.5bn top line and a 25% profit margin (very optimistic) gives $1.875bn earnings. Apply an earnings multiple of perhaps 12x (which implies an earnings yield of 8.5%) and we come out at $22.5bn market cap.</p><p>Why would you pay $30bn for this business today when it is likely to be worth only $22.5bn in two years time (implying a valuation today of $19bn on an NPV basis at a discount rate of 8.5%).</p><p>And all of this assumes that Twitter hits its very ambitious targets.</p><p>In February this year Twitter announced a $4bn share buyback program but stock repurchases are only accretive to shareholder value if the price being paid for the shares is less than its intrinsic value (the accretion is the positive differential). Share buy backs at over inflated prices destroy shareholder value and are often only used to mask excessive SBC. (This is a fascinating area of corporate finance which too few investors understand. The detail is beyond the scope of this article but I dedicate a chapter of my book to this topic if anyone is interested in learning more.)</p><p>In any event, we seem to have established that the market valuation of Twitter is beyond its intrinsic value and so the $4bn stock buy back announcement at these over inflated levels is in fact bad news for investors.</p><p><b>How does Twitter compare to Peers Including Facebook?</b></p><p>We have already looked at the differences in the business models from a qualitative perspective, but it is also useful to compare financial fundamentals on a peer-to-peer basis. I’ve brought Snapchat (SNAP) and Pinterest (PINS) in to the mix for comparative purposes.</p><p><img src=\"https://static.tigerbbs.com/f5d34fcd0ef2f01f55516e2517dd85ba\" tg-width=\"640\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Twitter Facebook Pinterest Snapchat Compared(Author&#39;s Analysis)</p><p>Allow me to talk you through this table.</p><p>The top part in yellow is the standard sized analysis. Very useful for comparing businesses operating on a different scale.</p><p>Essentially, we are looking at inputs and outputs on the basis of each $100 worth of sales.</p><p>Twitter is the most capital intensive company and, by my calculations, needs $145 worth of capital to generate $100 of sales. Snapchat and Facebook are at similar levels closer to $100 of capital per $100 of sales. Pinterest is the winner here and is very capital light requiring only $33 of capital to generate the same $100 of sales.</p><p>From that $100 of revenue, both Facebook and Pinterest generate a similar level of around $80 of gross profit. Snapchat and Twitter trail behind as they only convert around $60 of sales into gross revenue.</p><p>Now we have allocation of capital to consider.</p><p>I have split these out into Maintenance Capital and Growth Capital. Both Twitter and Pinterest appear to be investing heavily in growth and so I have assumed a ratio of 1:2. Looking at the financial reports of Facebook and Snapchat it appears that they have a more even split and so I have used a 1:1 ratio. None of this is particularly material to this high level analysis, but I wanted to explain the presentation.</p><p>Either way, the deduction of Maintenance Capital and Growth Capital from Gross Profit gives us the EBIT number.</p><p>Facebook is the clear leader here having generated nearly $37 of EBIT from every $100 of sales. Pinterest comes second, but doesn’t even achieve half of the Facebook EBIT number at about the $15 level.</p><p>It is worth pointing out here that although Pinterest only achieved $15 of EBIT, it did it with $33 of invested capital. Facebook generated a far better $37 of EBIT, but it needed $102 of invested capital to achieve it. Turning this on its head, for every $102 of invested capital at Pinterest it will generate $45 of EBIT. From this perspective, Pinterest is arguably the better business (whether you prefer Pinterest or Facebook as an investment at this stage is down to personal preference but whichever way you go, both of these businesses look far more attractive than either Twitter or Snapchat).</p><p>Twitter is investing heavily and so its EBIT number is barely positive now, but this will change as soon as the turnaround investment is complete and I would expect it to be up in the $15 to $25 range at that point. Snapchat is still a loss making business and so its EBIT number is horribly negative.</p><p>The next line item on my table is SBC. As you can see, for every $100 of sales revenue generated Facebook pays out $8 of SBC, Twitter $13, Pinterest $15 and Snapchat $26. Know this, for Snapchat, if 26% of top line revenue goes out the door into the pockets of employees its very difficult for shareholders to ever generate a good return (perhaps this is one of the reasons that Snapchat is still loss making). In relation to the other three companies, SBC was originally used by tech start-ups as a means of paying employees prior to the point of break even when cash flow was dangerously tight but future prospects were bright. In these circumstances SBC makes some sense. But for a company like Facebook with very strong positive cash flows, it can afford to pay its people with cash and SBC is entirely unnecessary. It misaligns the interests of shareholders and employees because it amounts to a wealth transfer from the former to the latter. Award staff with performance bonuses instead – that aligns interests. SBC is today one of the most abused aspects of corporate finance and it is something I dislike immensely. It is a huge red flag for me when investing (that’s another chapter in my book if you are interested!)</p><p>Next we have performance metrics. Facebook smashes this one out of the park. It generates 3x more revenue per employee than any of the other businesses in our comparison. It also generates more than double the ARPU of Twitter and Pinterest. Snapchat is left in the dust by all three on this measure.</p><p>In terms of financial health, both Pinterest and Facebook utilize very low levels of debt in their business while both Twitter and Snapchat use approximately 50% debt. On a debt to EBITDA basis Facebook is in the best health but Pinterest is not far behind.</p><p>Now we are down in the pink section. We have already established that both Facebook and Pinterest look like the better companies from an investment perspective. Now look at the sales multiple that they trade on. Both similar at 3.1x enterprise value. Twitter by comparison is trading at nearly 5x EV. That makes no sense and confirms what I said earlier in my valuation when I suggested that a 30% to 40% multiple contraction is most likely for Twitter.</p><p>Facebook is the only company of this group that looks to have a fair valuation. Against an EBIT margin of 37% it offers investors an EBIT yield of 11.6%. None of the others meet the hurdle rate for an intelligent investor.</p><p>In terms of top line growth, all are strong but based on an average of the past few years,Pinterestand Snapchat have been the strongest. Twitter is accelerating its growth due to its heavy investment. But it is worth bearing in mind that the bigger a company becomes, the more difficult it is to sustain strong growth. Facebook is by far the biggest company in the group and by a significant order of magnitude. Against this backdrop, 22% top line growth is nothing short of incredible.</p><p>Finally, I’ve included the forward earnings multiple and free cash flow multiple for the sake of completeness. The issue here is that heavy investment by Twitter and Pinterest depresses short term earnings as mentioned earlier, so these are not really very useful comparative indicators on this occasion. However, it is worthy of note that Facebook looks very reasonably priced on these metrics.</p><p><b>Will Elon Musk Buy Twitter?</b></p><p>Should we be concerned about the noise that Musk is making about Twitter and fake accounts? I would say no. My theory goes like this. Musk is often reported to be the richest man in the world. But it is not cash wealth, it is paper wealth. Most of it is tied up in Tesla stock. Musk has publicly stated several times that he believes the stock to be over priced in the market. He actually expressed these opinions on Twitter!</p><p><img src=\"https://static.tigerbbs.com/a86cf5957f5ca454aa94d58bd1f6c39b\" tg-width=\"640\" tg-height=\"333\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Elon Musk Tesla Stock Price Too High(CNBC)</p><p>So what do you do if your wealth is tied up in over inflated stock?</p><ul><li><p>He can’t sell the stock on the market because that would cause panic and the share price would collapse.</p></li><li><p>He can’t sell the entire company because no other business would pay such a nonsensical price (Tesla is priced on the market at more than every other auto manufacturer combined and only accounts for 1% of cars manufactured and it has awful profit margins compared to the likes of Toyota, the market leader).</p></li></ul><p>So what would you do?</p><p>The answer is simple. You use your over inflated currency (Tesla stock) to buy another asset, in this case Twitter. Musk fans can’t see what is happening and laud him but this is undoubtedly part of an exit strategy for him to cash in some of his chips.</p><p>So Musk would take Twitter private see through the Twitter turnaround and exit after a few years via another IPO. So he extracts $44bn of value from his Tesla stock without causing the share price to collapse. He then exits in a few years with a large cash payout. If the Twitter value increases then that’s a bonus for him. If not, I don’t think he cares. This is just a special purpose vehicle for converting paper wealth into cash. Genius.</p><p>So why is Musk now making so much noise after having his bid accepted? Well, the value of Tesla stock has collapsed between the acceptance of his Twitter bid and now and so the plan has hit a bump in the road. If he completes the deal now, it won’t be worth as much to him as it was a couple of months ago because his over inflated currency is a little less over inflated. So, my theory is that Musk is playing for time in the hope that the Tesla share price recovers. Just my theory. You may have a different one.</p><p>Either way it doesn’t impact my assessment of the Twitter investment opportunity.</p><p><b>Conclusion</b></p><p>I conclude this article with my thoughts on whether Twitter is a good investment. On the basis of the case that I have set out above, I would say that there are far better places to put my money right now. I have demonstrated that Facebook, at its current valuation, is one of them.</p><p>Is there any other evidence in support of my conclusion? I believe so and here’s why:</p><ol><li><p>On April 2022 Elon Musk acquired 9.2% of Twitter for approximately $42.67 per share. He then followed up with a bid for the remainder of the company at $54.00 per share. Does this mean that Twitter is worth $54? I would argue not. I have explained why I believe Musk is interested in acquiring Twitter. There is an ulterior motive. I believe that his bid is way higher than the intrinsic value of the business.</p></li><li><p>When someone bids for a public company it usually acts as a catalyst for others to evaluate the opportunity and, more often than not, other bids come in at higher prices and the first bidder is forced to improve. That hasn’t happened with Musk and Twitter. Why? I would suggest that others have looked at it and concluded that Musk is over paying and that they could not improve on his bid.</p></li><li><p>The most sensible fit would be for Facebook to buy Twitter. It could leverage its existing infrastructure to extract more value from Twitter than anyone else. But it has expressed no interest. Such a deal would attract the attention of the competition authorities and may be blocked, but it is worth a try. Twitter is very complimentary to the Facebook, Instagram and WhatsApp business franchise. This hasn’t happened either.</p></li><li><p>In the past, both Disney and Salesforce have looked to acquire Twitter but after conducting due diligence they have walked away. It wasn’t the business that put them off. It can only be the market valuation being well above intrinsic value.</p></li><li><p>After Musk made his bid for Twitter it was very quickly accepted by the Twitter board of directors (a very competent group of people). Why? They didn’t attempt to negotiate, they just accepted. Generally that doesn’t happen unless the vendor believes that the price being offered is too good to be true. This view is cemented by the fact that Musk has been making lots of noise about fake accounts and threatening to walk away, but the board of Twitter is holding him firmly to the terms of the deal.</p></li><li><p>If the new CEO believed that there was a great deal of value to be unlocked in the short term then he would want to preside over that transition. Not only would it be lucrative for him, but he would earn the kudos of being the man who made Twitter great again. But he has chosen to accept Musk’s offer instead. This is a compelling argument to suggest that there is no short term upside in Twitter right now.</p></li></ol><p>Alternatively, in order to add balance to this last point I shall put out an alternative theory. In 2011 Agrawal was completing his doctoral studies in computer science at Stanford University. After that he was a salaried employee, one of 7,000 at Twitter. Suddenly, Mr Agrawal finds himself in the top job as CEO at the age of 38. He is earning $12.5m per year in that post and if a takeover happens during his tenure he would be awarded a $60m bonus. If you were Mr Agrawal, would you be tempted to approve the takeover approach regardless of Twitter’s prospects?</p><p>I am certainly not prepared to invest in Twitter at current prices. If the Musk takeover happens then shareholders achieve $54 which is a nice uplift on the present $38 price, but the fact that the gap in prices is so wide suggests to me that the market believes that the most probable outcome is that the deal fails.</p><p>Personally, I would become interested after a multiple contraction to bring the share price down in to the $20 to $25 range. That would be closer to intrinsic value and may introduce some kind of margin of safety. At the current $38 price I believe that there is as much chance of the stock dropping $16 as there is of it climbing by the same amount to Musk’s bid price. In fact, so many people have bought the stock blindly seeking to capitalise on the takeover arbitrage, that a move to the downside is likely to trigger stop losses and push the stock sharply lower.</p><p>I think it highly unlikely that the stock will hold at current levels of $38. It will either jump higher if Musk seals the deal or drop violently if the deal collapses. Perhaps the best trade is a long Twitter straddle position!</p><p>Alternatively, perhaps a long/short position: long META, short TWTR may be worth considering. This is more risky because of the uncertainty around the outcome of the Musk buyout of Twitter.</p><p>I believe that there will be a good opportunity to invest long in Twitter. I simply don’t believe that now is the time.</p><p>I hope that this article has provided you with the information to make up your own mind. It is not to be construed as investment advice, just the humble opinions of the author. Please seek professional investment advice before investing.</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>Can Twitter Stock Rebound To $50?</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\">\nCan Twitter Stock Rebound To $50?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-23 15:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4519752-can-twitter-stock-rebound-to-50?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A17><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTwitter has been in the news recently, but for all the wrong reasons.Fake news and political mayhem resulted in President Trump being banned from the platform.Jack Dorsey, the man who ...</p>\n\n<a href=\"https://seekingalpha.com/article/4519752-can-twitter-stock-rebound-to-50?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A17\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://seekingalpha.com/article/4519752-can-twitter-stock-rebound-to-50?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A17","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106238377","content_text":"SummaryTwitter has been in the news recently, but for all the wrong reasons.Fake news and political mayhem resulted in President Trump being banned from the platform.Jack Dorsey, the man who conceptualized Twitter and twice served as its CEO dramatically quit and left the company.The share price collapsed and is currently trading below its 2013 IPO price, despite a top line CAGR of 29% over that period.Elon Musk has acquired a 10% stake and is attempting a take-over. But what is really going on? Is Twitter a good investment opportunity? We’ll answer all of these questions and more.What’s The History Of Twitter?You need to understand the history of Twitter in order to evaluate it as an investment, so don’t skip this part!Contrary to popular belief, Twitter was not founded by Jack Dorsey.Twitter Inc. (NYSE:TWTR) was born out of a podcasting company called Odeo in 2006, which in turn had been founded by Evan Williams and Noah Glass.Shortly after Odeo was launched Apple launched its own podcasting service which presented a strategic dilemma for Williams and Glass. What to do?In the event, what they did was to pivot. They bought into a pitch that one of their junior employees, Jack Dorsey, had made. The idea was to launch a group messaging service and this ultimately became Twitter.So far, so good.The Twitter idea was based around SMS text messaging. Bear in mind that this is before the iPhone existed and so predates smart phones generally. In those days, and of critical importance, SMS messages were limited to 140 characters and enabled one-to-one communication. In 2006 group communication wasn’t a thing and social networking was embryonic. So it is fair to say that the Twitter concept was well ahead of its time.You may be thinking to yourself that today we have Facebook, Instagram, WhatsApp and other group messaging services, so Twitter has become marginalized and had squandered its opportunity to claim dominance in this space.If so, you have missed a critical element in the Twitter investment thesis.Facebook, Instagram, WhatsApp, LinkedIn and other social media platforms focus on the user interacting with his or her existing network of friends, family or work place acquaintances.Twitter is different. It focuses on the user interacting with complete strangers based on common interests and, more importantly, intelligence and information sharing.I cannot overstate the importance of this distinction.My wife loves Facebook because it allows her to keep up with what Kim Kardashian had for breakfast or who Britney Spears is marrying this week. It allows her to look at the vacation photographs of her old school friends. In short, it is a quasi-voyeuristic means of wasting time. It is no more productive than watching reality TV shows. It is great for people with too much time on their hands. In terms of productivity, while some people promote their business interests on Facebook, for most people it is an unproductive means of spending time. One might argue that it serves as a distraction from spending time productively doing something else, and so it destroys productivity generally.Twitter is different. It is the go to place for people wanting to share ideas and knowledge. Said differently, it is a tool that is used to create productive value. It is the electronic town-square where the intelligentsia congregate. It is the social media hub preferred by politicians, journalists, financiers, business people and other educated influential people.Until he was banned, Donald Trump used Twitter as his primary means of communication to drive public relations. Today it is still favoured by Barack Obama (who is at the head of the leader board with 132 million followers), President Biden, Elon Musk, Bill Gates and so many others. The Prime Minister of India, Narendra Modi is the most followed Asian person on Twitter. None of these people waste their day on Facebook or Instagram or TikTok.If you are interested in sport and music, Twitter is the place that the stars tend to make big announcements. These include Justin Bieber, Katy Perry, Rihanna, Cristiano Ronaldo, Taylor Swift, Ariana Grande, Lady Gaga, Shakira, LeBron James to name but a few. All of these people have millions of followers on Twitter.In short, news is being made on Twitter all of the time. Announcements are being made on Twitter. Valuable opinions are being shared on Twitter. Most of the activity on Twitter is productive activity.On Twitter you will form a network of people with whom you are not acquainted and with whom you are highly unlikely to ever be acquainted, but with whom you have overlapping interests. It is a place to share thoughts and opinions, where one might seek information and knowledge amongst strangers. In this regard it is the electronic version of ancient Athens where people would gather to listen to the likes of Socrates and Plato, to challenge ideas and to debate.So, Twitter is not in competition with Facebook and other social media platforms because it offers something entirely different. It is, to a large extent, enjoying a monopoly in the niche in which it operates.Interestingly, Twitter (market cap $28bn) is currently approximately 5% the size of Facebook (market cap $460bn), but in terms of societal relevance and importance it is arguably higher up the scale.Facebook has 1.6 billion daily users, while Twitter has close to 250 million. That suggests a huge untapped TAM for Twitter to capture.So, you may ask:Why has Twitter’s share price stagnated since IPO while other social media platforms have sky-rocketed in value?Is there still an opportunity to unlock explosive growth? If so, what is the investment thesis moving forward?These are exactly the questions that you ought to be asking. This article presents the answers.Why Is The Twitter Share Price Down?The answer to this loaded question is that the share price may now be lower than it was at Twitter’s IPO in 2013, but the value of the company has increased significantly over the same period.Following Twitter’s IPO in November of 2013, the first trade was a little over $45. Today, while I write this article, it trades for less than that ($38 to be precise). So in the eight and a half years since Twitter went public, its share price is down and early investors are very unhappy.To put this in context, the last decade has seen the most lax monetary policy with an expansion in money supply and negative real term interest rates, all of which has acted as an accelerator for IT based intangible asset heavy companies to flourish.Even after the huge correction of 2022, Facebook (META) isup350% over the period from November 2013 to today (from $50 to $175), while Twitter is down 15% ($45 to $38). So what gives?The problem was not so much with the business or indeed its subsequent performance, but with the share price. While Twitter is arguably under-priced today (more on this later), it was vastly over-priced in 2013. Investors back at the IPO had no chance of making any kind of reasonable return in the short to medium term because a decade of future growth was already baked into the share price. Said differently, the intrinsic value of the business needed the best part of ten years to catch up with the over-inflated market valuation.I always remind myself that investing in a great company at the wrong price makes for a poor investment. This kept me away from Twitter over the last decade.However, now it appears that the share price may be below intrinsic value and so for the first time I am now becoming interested in this investment opportunity.What’s The Problem With Twitter?Despite having a virtual monopoly in the space in which it operates, and having had a first mover advantage, the performance of the Twitter management team has been poor. This can be broken down into specific failings:Big Egos In The Way of Good BusinessTwitter has been a victim of over inflated egos for 15 years. When Dorsey suggested that Odeo pivot to an SMS messaging service in 2006 (see first part of this article), Williams and Glass bought into the idea and Jack was named CEO. After that, rather than working together, these over inflated egos were locked in conflict with each other. There have been books written about it. Dorsey was fired in 2008 and Evan Williams, the Odeo founder, took control. In 2009, Williams brought one of his friends, DickCostolo, in to Twitter as COO. Believe it or not, Costololanded at Twitter and sent his first Tweet which read: \"First full day, Twitter COO tomorrow. Task number one, undermine CEO, consolidate power.\"  Initially it was taken as a joke but, truth is stranger than fiction, and in October 2010 Williams was fired by the venture capital firms backing the business and he is replaced by… you guessed it, Costolo. So Dick Costolo serves as the CEO until 2015. At that point, Costolo is pushed out and guess who comes back as CEO now?! Jack Dorsey. What a mess! By this point Dorsey was also acting CEO of his other listed company, Square (now called Block). It is fair to ask if anyone has the capacity to effectively manage two public tech companies. I would argue not. In any event, had there not been so much back-stabbing, and if Dorsey had been CEO from the beginning to see his vision through, then it may all have been very different. After all, many of the most successful tech companies were founder led: think Jeff Bezos, Mark Zuckerberg, Bill Gates, Steve Jobs. But the story doesn’t end there. There are more twists to this saga. By 2019 activist investors Elliot and Silver Lake were involved in the business. They recognised that Twitter had so much untapped potential and so they sought to unlock its true value. The changes that they introduced (more on this later) were very positive, but they culminated in Jack Dorsey resigning at the end of 2021 and leaving the company the very same day without serving any notice. Did he really leave voluntarily or was he pushed? Who cares? So, the good news is that the big egos have now all gone and the business is in the hands of shrewd capitalists which bodes well for the future.Corporate Greed At The Expense of ShareholdersStock Based Compensation has been abused at Twitter. In the period 2014 to 2019 (6 years), Twitter’s SBC totalled $3.1 billion which was 20.3% of its top line revenue and 170% of its reported EBITDA! Rather than the company being run for the benefit of its shareholders (the way that it is supposed to work), US tech companies, such as Twitter, are being run for the benefit of their over paid management teams who are syphoning off money in the form of SBC in order to enrich themselves at the expense of shareholders. Twitter did repurchase $245 million of common stock in 2020, but issued almost double that in stock based compensation so arguably the buy back was simply used to mask the SBC abuse. So while Twitter shareholders have seen a negative capital return since the 2013 IPO, Jack Dorsey has gone from being a humble employee on a regular wage to becoming a billionaire. I hear you objecting that he invented Twitter and so deserves a payback. Others may be objecting that he has made some of his wealth from his other company Square. Well, in response to the first objection, Dorsey’s net worth was $2.2bn on the day of the Twitter IPO and that was his payback for his invention. There was no need to treat the company as a cash cow for employees. In response to the second objection, Square was the product of his financial windfall from Twitter and so without one there would not be the other. In any event, Bloomberg’s Billionaires Index calculated Dorsey’s net worth in 2022 at $12.3bn and so between the IPO and today Dorsey has seen his wealth increase by 500% while his shareholders have watched the IPO share price of $45 drop to $38, a loss of 15%. Is that right? I’ll leave you to make up your own mind! My opinion, for what its worth, is that SBC is a wealth transfer from shareholders to senior management and ought to be the subject of very strict regulation because it amounts to market abuse.Poor Corporate CultureTwitter had low staff morale and high employee turnover. This made it difficult to hire or retain the best people.TrollsThe platform was not well policed and was mired with people harassing and abusing each other. It actually began to lose users and had negative revenue growth in 2017 as a result.Bad Tech InfrastructureThe tech stack was poorly designed which meant that development was dangerous. Essentially, the way that modern IT businesses operate is that they build modular components into a tech stack that combines to form the overall product. If one module is changed and encounters an issue, the rest of the stack is unaffected and the business can continue. However, at Twitter there was effectively a single module and so a small change could have destabilised the entire platform. Consequently, the safest course of action was simply to maintain the status quo and to make as few changes as possible. In fact, in almost a decade to 2020 there were really only two primary enhancements. The first was a doubling in the number of characters that make up a Tweet from 140 to 280; and second, the timeline changed from being chronological to being algorithmic which enabled it to feel a little more relevant for users. The look and feel was largely unchanged and an unevolved platform has hindered Twitter in its ability to grow and to better engage its user base.Is Twitter A Failing Company?Answering this loaded question, the answer is categorically “No”. In fact, the opposite is true. Twitter is a company going from strength to strength.To his credit, when he returned in 2015, Dorsey recognised some of the key failings at the company and in the period 2017-2021 he focused on an organizational shake-up. There were four pillars of improvement at the heart of his plan:Improving employee talent and moraleIncreasing the focus of the teamCleaning up abuse and harassment on the platform, andRebuilding the tech stack in a modular configuration and simultaneously adding new functionality (more on this later)Dorsey’s efforts were rewarded and the health of the business began to improve. Revenue growth returned in 2018, and user growth accelerated in 2019.Operating margins turned positive for the first time in the company’s history in 2017 which was a significant milestone.Fast forward to today and top line revenue is up 7.9x on where it was at its IPO (CAGR 29%) and more than double where it was in 2017Today Twitter is arguably a far better business than it has ever been in its lifetime, yet ironically it is available at the lowest share price!However, don’t go and click that buy button on the screen just yet. An intelligent investor buys based on fundamentals not on price action. Just because it is trading lower now than it has in the past does not mean that it is a great investment.The key reason for the under-performance of the share price was that the IPO price was way too rich. Twitter was trading at 52x sales back then. Utter madness and there is a lesson to be learned there. As I said earlier, my number one rule is that even a great company at the wrong price makes for a poor investment. At 52x sales, if the company was able to perform the impossible and convert all of its top line revenue into profit (implying zero costs, zero tax and zero financing costs) then the investor would only see a 1.9% earnings yield on investment. Not even close to the hurdle rate for an intelligent investor. Layer on costs, taxes and financing costs and the return promised by the company at IPO based on a silly valuation was negative. It should come as no surprise then that early investors have experienced a capital loss on investment over the past 10 years.From its IPO to today, Twitter achieved top line growth of 688.5% (from $665m to $5.2bn). However, the total return seen by shareholders was -3.1% (yes that is negative). In other words, ten years worth of 29% compounded annual growth was already baked in to the IPO price. Said differently, investors at the IPO gave away 10 years worth of 29% compounded growth by over paying back then! Ouch!Twitter is on target to generate $6bn of revenue this year and it has a $30bn enterprise value, so it is available at a far more reasonable 5x sales today, although against recent operating margins and profit margins it is still not necessarily a bargain. The big question is how far can the turnaround take it and how much margin expansion is achievable?In order to answer that question, we need to understand the Twitter business model.What is the Twitter Business Model?There are two types of people on Twitter: the user and the creator. Creators put quality content onto the platform and so attract the users. It is something of a fly-wheel situation. Twitter provides creators with the tools that they need to attract their followers. More users means more reason for creators to produce content. This leads to more followers and it attracts more users, and so on. That is the Twitter moat. It has a fantastic network effect. The key creators have literally millions of Twitter followers which is a valuable thing. Followers are what creators crave because that results in influence, power and the opportunity to monetize the user base.Barack Obama can send his thoughts and ideas to 132 million people with the click of a button. Why would he or any other creator give that up to use an alternative platform? They wouldn’t. Twitter has an entrenched position, a wide moat. It’s very difficult for a competitor to take that away from Twitter now.Most users of the platform don’t pay to use it. That means that the users are not the customers but the commodity. Twitter monetizes them through advertising (circa 90% of revenue). The balancing 10% of the top line comes from Twitter reselling aggregated user data and by providing user tools on a SaaS basis at a reasonably high margin.That's it in a nutshell, that's the business.Who Runs Twitter?The board of directors is very strong and looks like this currently:Twitter Board of Directors(Twitter)Although Jack Dorsey is no longer the CEO, he is still on the board of directors.Jack Dorsey’s sudden and unexpected resignation as CEO sent a shock wave through the market. Most CEOs give notice to leave and stay for an orderly handover to their successor. Bear in mind that Dorsey owns over 2.25% of Twitter and so it would be in his interest to remove all friction from the transition process. But that’s not what he does. Instead he says,\"I'm done today, and the new CEO is Parag Agrawal.\" That kind of behaviour does not inspire confidence and so the share price was hit.As you know, market sentiment follows market narrative. The narrative follows the stock price. The stock price has been a disaster and so the backwards-looking narrative is negative, as is sentiment. Twitter needs to dig itself out of this hole but the actions of Mr Dorsey only made it worse.The business is now being guided, at least in part, by activist investors Elliott Management Corp and Silver Lake. They are both heavily invested and were instrumental in the turn around of the business so far.The company is trying to reinvent the narrative and at the end of 2021, Elliott issued the following statement:Elliott Management statement on Twitter(CNBC)Back to the change of CEO story, Mr Agrawal, previously the CTO at Twitter, was largely an unknown quantity to shareholders. So that didn’t help allay concerns of shareholders. However, I take comfort in the fact that a very competent board approved of the new CEO.It is also worth pointing out that Bret Taylor was appointed chairman of Twitter at the same time. He is highly respected in Silicon Valley and he is co-CEO of the very successful Salesforce.I’m not concerned about the departure of Dorsey. In the first instance, he needed guidance from activist investors to really begin the process of turning the business around. Second, he seems to have an enormous ego, which is not a good trait for a CEO. Third, he presided over what I describe as outrageous abuse of stock based compensation at the company. Fourth, he is CEO at Block (formerly Square), and there is no way one person can properly manage two public tech companies.Mark Zuckerberg once described Twitter as “the clown car in the gold mine” because it had squandered such a wonderful gold plated opportunity in the past.Now that the clowns are gone it has the best chance to achieve its true potential.How Will Twitter Evolve?In the future, in order to drive value, Twitter needs to focus on three core KPIs:User acquisition (expand its user base)Generate more user engagementDrive more revenue per unit of engagementI’ll explain how it is addressing this challenge.The first iteration of Twitter, which didn’t change until recently, made it challenging to sign up, to sign in and to get going. Navigation wasn’t easy and finding people with common interests to connect with was challenging. This friction acted as an impediment to growth.However, this is all changing.Now users can use a Google ID or Apple ID to sign in quickly and easily.Twitter uses algorithms to do all of the heavy lifting. For example, recently Twitter addressed this issue with a feature called Topics. In the past, if you wanted to learn more about your favourite football team then you needed to fish around Twitter to find people who were publishing information on your team. Today you simply click the Topic that you like, so the name of the football team, and the rest happens automatically. Not only that, but the platform now suggests Topics based on your activity. Far less friction which is great for user acquisition and engagement.Once on the service, Twitter provides users with an incentive to come back more frequently and to spend more time on the platform. This means connecting users to the content that they love, content that they cannot find elsewhere. Referring back to the fly-wheel mentioned earlier, this means making it easy for creators to produce engaging content and Twitter is enhancing its suite of tools for creators.This is all driving user engagement and increasing user numbers. This then needs to be monetized.To increase revenue per engagement requires using machine learning to better understand what users are looking for and to deliver timely, targeted, quality adverts. Google is the master of this. Rather than just flashing up brand recognition adverts in a scatter-gun approach (like the pitch side adverts at the Super Bowl), instead they use a sniper rifle to target specific users and attempt to drive a purchase through a call to action, otherwise known as direct response advertising. This is higher margin advertising because the return on advertising spend (ROAS) is so much higher due to the targeting.Targeted advertising is easier today with the Topics feature mentioned earlier because Twitter is now being told by users what they are most interested in. No need to second guess by reading between the lines which is what Facebook and Google do. So Twitter has a real advantage in that regard.Twitter currently has approximately a 5% market share in advertising from large brands but has less than 0.5% of the advertising market from Small and Medium sized Enterprises ((SMEs)). The latter is where it needs to focus its attention. This goes back to the point made earlier about brand advertising versus transactional advertising linked to e-commerce.None of this is difficult. It simply requires the focus of good management. SMEs need the tools provided by Twitter to design and deploy their own advertising campaigns and choose how to target them. Twitter can do the rest.So far we have looked at enhancing the business as it is. But we can also layer on top of that commercial opportunities that have not been properly exploited.Top of that list is subscriptions. Twitter has two different kinds of subscriptions:Creator subscriptions enable charges to be levied by people creating valuable compelling content. So, you may be prepared to subscribe to the Twitter feed of The New York Times for example, or your favourite sports commentator. Most of this revenue goes to the creator and so this is less of a top-line boost for Twitter, but it does create a strong incentive for creators to fuel the fly-wheel by constantly producing great content in order to protect the subscription revenue. This indirectly benefits Twitter through greater user engagement.Premium feature subscriptions. This is offering software as a service called Twitter Blue in the form of creator tools. It is interesting that if a creator is earning good money from his or her creator subscriptions then they will want to subscribe to Twitter premium tools. And so not only is Twitter taking a percentage of the creator subscription, but it is also, indirectly, taking another piece of it in the form of premium feature subscriptions. SaaS business has high operating leverage and so this is very high margin, recurring revenue, and largely untapped today. In this bucket we also need to consider Tweet Deck which was acquired by Twitter about a decade ago. It is effectively a power tool for people who spend their entire day on Twitter. Historically it has been offered as a value added free service, no idea why but perhaps it is because it has seen very little investment for over eight years. However, Twitter has revamped Tweet Deck and will be rolling it out on a fee paying subscription basis. So even more high margin business. All of this helps push average margins up (more on this later).The next untapped opportunity is the ability to transact seamlessly inside the platform. This removes friction and creates more user engagement. It also feeds directly off the SME advertising push. E-commerce is a huge opportunity.Finally, we need to look at all of this in terms of ARPU (average revenue per user) because Twitter has an opportunity to push this number significantly higher.Facebook has a more diverse user base. Its users come from all walks of life and all demographics. By contrast, not everyone uses Twitter. Instead it appeals to a niche of the market. Twitter users are typically more affluent, higher income and higher educated people than Facebook users. Against that backdrop one would expect Twitter to generate a higher ARPU than Facebook, but it doesn’t. Facebook is generating more than three times the revenue per user.ARPU social media companies(PostBeyond.com)So, think about this. If Twitter is only able to match Facebook in terms of ARPU in the future, then that means revenue growth of 300%. Given that Twitter has a more affluent user base and arguably more valuable content, there is no reason to think that it can’t exceed the Facebook ARPU.Twitter has, finally, moved to an innovation phase. Over the last couple of years they have been playing with a raft of new services from e-commerce, recorded audio, live audio, subscription services sold by Twitter (not the creators) and professional profiles that are not dissimilar to LinkedIn. It has the user base to expand in all of these areas and from which it is able to increase its ARPU from non-advertising revenue.So if we add the non-advertising revenue to the opportunity that Twitter has to increase its targeted advertising as discussed above, this starts to look super interesting.Twitter is not only growing again but its growth is accelerating.COVID-19 certainly provided a much needed boost for Twitter, but it is still growing users at a double digit rate.It doesn’t take a genius to work out that if ARPU grows and user numbers grow then you benefit from a multiplicative effect.Is Twitter A Good Investment?First, it is important to know why Twitter has been a bad investment historically so that you are able to understand why it may be better in the future.The first trade post IPO was at $45.10 and today the stock trades closer to $38.00, which is a total annual return of -2.12% (Twitter doesn’t pay dividends)Let’s break out the fundamental reasons why investors have seen a such a poor return on their investment. Since IPO:Revenue has grown 688.5% (this is where the good news ends for shareholders)The share count has expanded by 27.9% (diluting shareholders)Adjusted owner earnings margins have declined by 90.2% (not good for shareholder returns)The over inflated IPO sales multiple has contracted by 89.4% (destroying shareholder value)The cumulative effect of all of this (the mathematics is beyond the scope of this article but know this, it is a multiplicative function) means that on total return basis sales growth contributed 2.66% to total returns over the period while the dilution shaved 0.38% off that number, the declining margins shaved 2.27% off that number and the multiple contraction shaved 2.13% off that number.2.66% - 0.38% - 2.27% - 2.13% =-2.12%CAGR from IPO to now (-17% Total Return from IPO until today)This has seen the share price slide from $45 at IPO down to $37 and change today.So, what does this mean for the future?What’s The Fair Value of Twitter?In 2018 and 2019, prior to its heavy growth investment today, EBITDA margins were over 20% but today they have been compressed to 10.4%. Now consider that Facebook has an EBITDA margin near 45% and you can imagine how much margin expansion is possible for Twitter. It should certainly be able to expand its margin to around 25% after the heavy investment in turning the business around is complete. So this is our first bull case assumption.We know that Twitter targets to expand its user base aggressively, to increase its user engagement and to increase its ARPU - the latter two will see a benefit flowing both from the new users plus more engagement from existing users.Targets set by Twitter at the beginning of 2021 were that by the end of 2023 it aims to have 315m daily active users (the number was 200m when the target was set so that’s an aggressive number), but it is moving in the right direction finding itself in the mid 200s today (see chart below).Twitter daily active users(Statistica)The revenue target for the end of 2023 was set at $7.5bn. It was $3.7bn at the end of 2020 when the target was set and $5.1bn a year later at the end of 2021, so it appears on track to achieve this.Twitter may actually exceed its target numbers. So, let’s say that by the end of 2023 it achieves its 315m users. Twitters annual ARPU is approximately $25 in North America, but if we assume a 10% uplift to $27.50 (which is easily achievable given that Facebook achieves $62 ARPU in North America) then that gets us to $8.7bn top line revenue well ahead of target.Alternatively, at an ARPU of $27.50 if Twitter hits its $7.5bn target then it only needs to increase its daily active users to 273m rather than the 315m.Either way, let us use the $7.5bn top line number as our second assumption.It seems appropriate at this juncture to quickly deal with the noise created by Elon Musk in relation to fake accounts and bots being active on Twitter. I am discounting that noise because it washes out in my numbers. Allow me to explain. If the actual number of active daily real users is lower than our assumptions then the ARPU per real user must be higher because our ARPU numbers are based on the number of users (the two are inextricably linked). We are assuming a 10% increase on ARPU and so it doesn’t matter what the starting point really is, a 10% uplift is a 10% uplift. The result is the same.The final assumption is the multiple. Twitter currently trades on a difficult to justify 5x sales multiple. Even if it achieves a very ambitious profit margin of 25%, then that means an earnings yield for the investor of only 5%. Inflation is pushing risk free rates higher and so earnings yields will need to move the same way. This would suggest a multiple contraction rather than an expansion in coming years.Although Twitter is nowhere close to a 25% margin today, bear in mind that it is a business that invests heavily on in-house development of intangible assets. These are off balance sheet assets due to international accounting standards which means that they are expensed immediately rather than being amortized over time. Expensed investment steepens the shareholder return curve. It depresses the front end but boosts the back end. This is because investments that are all paid for today will yield benefits for years to come and so there is a mismatch between the accounting treatment of revenues and of costs. In other words, after the investments have been made, operating leverage should kick-in.So let’s stick to a very ambitious 25% forward profit margin. This is our final assumption.Today the Enterprise Value of Twitter is $30bn, so if it hits its $7.5bn top line target by the end of 2023 and the sales multiple contracts to 3x (in line with its peers and producing an 8% earnings yield against an assumed profit margin of 25%), you arrive at an enterprise value closer to $22.5bn.Looking at it slightly differently, $7.5bn top line and a 25% profit margin (very optimistic) gives $1.875bn earnings. Apply an earnings multiple of perhaps 12x (which implies an earnings yield of 8.5%) and we come out at $22.5bn market cap.Why would you pay $30bn for this business today when it is likely to be worth only $22.5bn in two years time (implying a valuation today of $19bn on an NPV basis at a discount rate of 8.5%).And all of this assumes that Twitter hits its very ambitious targets.In February this year Twitter announced a $4bn share buyback program but stock repurchases are only accretive to shareholder value if the price being paid for the shares is less than its intrinsic value (the accretion is the positive differential). Share buy backs at over inflated prices destroy shareholder value and are often only used to mask excessive SBC. (This is a fascinating area of corporate finance which too few investors understand. The detail is beyond the scope of this article but I dedicate a chapter of my book to this topic if anyone is interested in learning more.)In any event, we seem to have established that the market valuation of Twitter is beyond its intrinsic value and so the $4bn stock buy back announcement at these over inflated levels is in fact bad news for investors.How does Twitter compare to Peers Including Facebook?We have already looked at the differences in the business models from a qualitative perspective, but it is also useful to compare financial fundamentals on a peer-to-peer basis. I’ve brought Snapchat (SNAP) and Pinterest (PINS) in to the mix for comparative purposes.Twitter Facebook Pinterest Snapchat Compared(Author's Analysis)Allow me to talk you through this table.The top part in yellow is the standard sized analysis. Very useful for comparing businesses operating on a different scale.Essentially, we are looking at inputs and outputs on the basis of each $100 worth of sales.Twitter is the most capital intensive company and, by my calculations, needs $145 worth of capital to generate $100 of sales. Snapchat and Facebook are at similar levels closer to $100 of capital per $100 of sales. Pinterest is the winner here and is very capital light requiring only $33 of capital to generate the same $100 of sales.From that $100 of revenue, both Facebook and Pinterest generate a similar level of around $80 of gross profit. Snapchat and Twitter trail behind as they only convert around $60 of sales into gross revenue.Now we have allocation of capital to consider.I have split these out into Maintenance Capital and Growth Capital. Both Twitter and Pinterest appear to be investing heavily in growth and so I have assumed a ratio of 1:2. Looking at the financial reports of Facebook and Snapchat it appears that they have a more even split and so I have used a 1:1 ratio. None of this is particularly material to this high level analysis, but I wanted to explain the presentation.Either way, the deduction of Maintenance Capital and Growth Capital from Gross Profit gives us the EBIT number.Facebook is the clear leader here having generated nearly $37 of EBIT from every $100 of sales. Pinterest comes second, but doesn’t even achieve half of the Facebook EBIT number at about the $15 level.It is worth pointing out here that although Pinterest only achieved $15 of EBIT, it did it with $33 of invested capital. Facebook generated a far better $37 of EBIT, but it needed $102 of invested capital to achieve it. Turning this on its head, for every $102 of invested capital at Pinterest it will generate $45 of EBIT. From this perspective, Pinterest is arguably the better business (whether you prefer Pinterest or Facebook as an investment at this stage is down to personal preference but whichever way you go, both of these businesses look far more attractive than either Twitter or Snapchat).Twitter is investing heavily and so its EBIT number is barely positive now, but this will change as soon as the turnaround investment is complete and I would expect it to be up in the $15 to $25 range at that point. Snapchat is still a loss making business and so its EBIT number is horribly negative.The next line item on my table is SBC. As you can see, for every $100 of sales revenue generated Facebook pays out $8 of SBC, Twitter $13, Pinterest $15 and Snapchat $26. Know this, for Snapchat, if 26% of top line revenue goes out the door into the pockets of employees its very difficult for shareholders to ever generate a good return (perhaps this is one of the reasons that Snapchat is still loss making). In relation to the other three companies, SBC was originally used by tech start-ups as a means of paying employees prior to the point of break even when cash flow was dangerously tight but future prospects were bright. In these circumstances SBC makes some sense. But for a company like Facebook with very strong positive cash flows, it can afford to pay its people with cash and SBC is entirely unnecessary. It misaligns the interests of shareholders and employees because it amounts to a wealth transfer from the former to the latter. Award staff with performance bonuses instead – that aligns interests. SBC is today one of the most abused aspects of corporate finance and it is something I dislike immensely. It is a huge red flag for me when investing (that’s another chapter in my book if you are interested!)Next we have performance metrics. Facebook smashes this one out of the park. It generates 3x more revenue per employee than any of the other businesses in our comparison. It also generates more than double the ARPU of Twitter and Pinterest. Snapchat is left in the dust by all three on this measure.In terms of financial health, both Pinterest and Facebook utilize very low levels of debt in their business while both Twitter and Snapchat use approximately 50% debt. On a debt to EBITDA basis Facebook is in the best health but Pinterest is not far behind.Now we are down in the pink section. We have already established that both Facebook and Pinterest look like the better companies from an investment perspective. Now look at the sales multiple that they trade on. Both similar at 3.1x enterprise value. Twitter by comparison is trading at nearly 5x EV. That makes no sense and confirms what I said earlier in my valuation when I suggested that a 30% to 40% multiple contraction is most likely for Twitter.Facebook is the only company of this group that looks to have a fair valuation. Against an EBIT margin of 37% it offers investors an EBIT yield of 11.6%. None of the others meet the hurdle rate for an intelligent investor.In terms of top line growth, all are strong but based on an average of the past few years,Pinterestand Snapchat have been the strongest. Twitter is accelerating its growth due to its heavy investment. But it is worth bearing in mind that the bigger a company becomes, the more difficult it is to sustain strong growth. Facebook is by far the biggest company in the group and by a significant order of magnitude. Against this backdrop, 22% top line growth is nothing short of incredible.Finally, I’ve included the forward earnings multiple and free cash flow multiple for the sake of completeness. The issue here is that heavy investment by Twitter and Pinterest depresses short term earnings as mentioned earlier, so these are not really very useful comparative indicators on this occasion. However, it is worthy of note that Facebook looks very reasonably priced on these metrics.Will Elon Musk Buy Twitter?Should we be concerned about the noise that Musk is making about Twitter and fake accounts? I would say no. My theory goes like this. Musk is often reported to be the richest man in the world. But it is not cash wealth, it is paper wealth. Most of it is tied up in Tesla stock. Musk has publicly stated several times that he believes the stock to be over priced in the market. He actually expressed these opinions on Twitter!Elon Musk Tesla Stock Price Too High(CNBC)So what do you do if your wealth is tied up in over inflated stock?He can’t sell the stock on the market because that would cause panic and the share price would collapse.He can’t sell the entire company because no other business would pay such a nonsensical price (Tesla is priced on the market at more than every other auto manufacturer combined and only accounts for 1% of cars manufactured and it has awful profit margins compared to the likes of Toyota, the market leader).So what would you do?The answer is simple. You use your over inflated currency (Tesla stock) to buy another asset, in this case Twitter. Musk fans can’t see what is happening and laud him but this is undoubtedly part of an exit strategy for him to cash in some of his chips.So Musk would take Twitter private see through the Twitter turnaround and exit after a few years via another IPO. So he extracts $44bn of value from his Tesla stock without causing the share price to collapse. He then exits in a few years with a large cash payout. If the Twitter value increases then that’s a bonus for him. If not, I don’t think he cares. This is just a special purpose vehicle for converting paper wealth into cash. Genius.So why is Musk now making so much noise after having his bid accepted? Well, the value of Tesla stock has collapsed between the acceptance of his Twitter bid and now and so the plan has hit a bump in the road. If he completes the deal now, it won’t be worth as much to him as it was a couple of months ago because his over inflated currency is a little less over inflated. So, my theory is that Musk is playing for time in the hope that the Tesla share price recovers. Just my theory. You may have a different one.Either way it doesn’t impact my assessment of the Twitter investment opportunity.ConclusionI conclude this article with my thoughts on whether Twitter is a good investment. On the basis of the case that I have set out above, I would say that there are far better places to put my money right now. I have demonstrated that Facebook, at its current valuation, is one of them.Is there any other evidence in support of my conclusion? I believe so and here’s why:On April 2022 Elon Musk acquired 9.2% of Twitter for approximately $42.67 per share. He then followed up with a bid for the remainder of the company at $54.00 per share. Does this mean that Twitter is worth $54? I would argue not. I have explained why I believe Musk is interested in acquiring Twitter. There is an ulterior motive. I believe that his bid is way higher than the intrinsic value of the business.When someone bids for a public company it usually acts as a catalyst for others to evaluate the opportunity and, more often than not, other bids come in at higher prices and the first bidder is forced to improve. That hasn’t happened with Musk and Twitter. Why? I would suggest that others have looked at it and concluded that Musk is over paying and that they could not improve on his bid.The most sensible fit would be for Facebook to buy Twitter. It could leverage its existing infrastructure to extract more value from Twitter than anyone else. But it has expressed no interest. Such a deal would attract the attention of the competition authorities and may be blocked, but it is worth a try. Twitter is very complimentary to the Facebook, Instagram and WhatsApp business franchise. This hasn’t happened either.In the past, both Disney and Salesforce have looked to acquire Twitter but after conducting due diligence they have walked away. It wasn’t the business that put them off. It can only be the market valuation being well above intrinsic value.After Musk made his bid for Twitter it was very quickly accepted by the Twitter board of directors (a very competent group of people). Why? They didn’t attempt to negotiate, they just accepted. Generally that doesn’t happen unless the vendor believes that the price being offered is too good to be true. This view is cemented by the fact that Musk has been making lots of noise about fake accounts and threatening to walk away, but the board of Twitter is holding him firmly to the terms of the deal.If the new CEO believed that there was a great deal of value to be unlocked in the short term then he would want to preside over that transition. Not only would it be lucrative for him, but he would earn the kudos of being the man who made Twitter great again. But he has chosen to accept Musk’s offer instead. This is a compelling argument to suggest that there is no short term upside in Twitter right now.Alternatively, in order to add balance to this last point I shall put out an alternative theory. In 2011 Agrawal was completing his doctoral studies in computer science at Stanford University. After that he was a salaried employee, one of 7,000 at Twitter. Suddenly, Mr Agrawal finds himself in the top job as CEO at the age of 38. He is earning $12.5m per year in that post and if a takeover happens during his tenure he would be awarded a $60m bonus. If you were Mr Agrawal, would you be tempted to approve the takeover approach regardless of Twitter’s prospects?I am certainly not prepared to invest in Twitter at current prices. If the Musk takeover happens then shareholders achieve $54 which is a nice uplift on the present $38 price, but the fact that the gap in prices is so wide suggests to me that the market believes that the most probable outcome is that the deal fails.Personally, I would become interested after a multiple contraction to bring the share price down in to the $20 to $25 range. That would be closer to intrinsic value and may introduce some kind of margin of safety. At the current $38 price I believe that there is as much chance of the stock dropping $16 as there is of it climbing by the same amount to Musk’s bid price. In fact, so many people have bought the stock blindly seeking to capitalise on the takeover arbitrage, that a move to the downside is likely to trigger stop losses and push the stock sharply lower.I think it highly unlikely that the stock will hold at current levels of $38. It will either jump higher if Musk seals the deal or drop violently if the deal collapses. Perhaps the best trade is a long Twitter straddle position!Alternatively, perhaps a long/short position: long META, short TWTR may be worth considering. This is more risky because of the uncertainty around the outcome of the Musk buyout of Twitter.I believe that there will be a good opportunity to invest long in Twitter. I simply don’t believe that now is the time.I hope that this article has provided you with the information to make up your own mind. It is not to be construed as investment advice, just the humble opinions of the author. Please seek professional investment advice before investing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9043904207,"gmtCreate":1655859395609,"gmtModify":1676535719849,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9043904207","repostId":"2245254247","repostType":4,"repost":{"id":"2245254247","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":1655852518,"share":"https://www.laohu8.com/m/news/2245254247?lang=&edition=full","pubTime":"2022-06-22 07:01","market":"us","language":"en","title":"US STOCKS-Wall Street Gains Over 2% in Broad Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=2245254247","media":"Reuters","summary":"Wall Street's major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap grow","content":"<html><head></head><body><p>Wall Street&#39;s major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.</p><p>All 11 major S&amp;P 500    sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.</p><p>Investors are trying to assess how far stocks can fall as they weigh risks to the economy with the Federal Reserve taking aggressive measures to try to tamp down surging inflation. The S&amp;P 500 earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.</p><p>&#34;Do I think we have hit bottom? No. I think we are going to see more volatility, I think the bottoming process will likely take some time,&#34; said Kristina Hooper, chief global market strategist at Invesco. &#34;But I do think it is a good sign to see investor interest.&#34;</p><p>The Dow Jones Industrial Average rose 641.47 points, or 2.15%, to 30,530.25, and the S&amp;P 500 gained 89.95 points, or 2.45%, at 3,764.79. The Nasdaq Composite added 270.95 points, or 2.51%, at 11,069.30.</p><p>The energy sector, the top-gaining S&amp;P 500 sector this year, surged 5.1% after tumbling last week. Every sector gained at least 1%.</p><p>Megacap stocks Apple Inc, Tesla Inc and Microsoft Corp all rose solidly to give the biggest individual boosts to the S&amp;P 500. Apple rose 3.3%, Tesla jumped 9.4% and Microsoft added 2.5%.</p><p>The Fed last week approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.</p><p>Investors are pivoting to Fed Chair Jerome Powell&#39;s testimony to the U.S. Senate Banking Committee on Wednesday for clues on future interest rate hikes and his latest views on the economy.</p><p>Investors are &#34;trying to read the tea leaves to see how aggressive the Fed is going to get,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. &#34;That&#39;s a hard question to answer right now because they are going to see what happens to the inflation story.&#34;</p><p>Meanwhile, Goldman Sachs now expects a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%.</p><p>In company news, Kellogg Co shares rose about 2% after the breakfast cereal maker said it was splitting into three companies.</p><p><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> shares jumped 7.9% after JetBlue Airways said on Monday it sweetened its bid to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines&#39; proposal.</p><p>Advancing issues outnumbered decliners on the NYSE by a 2.66-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and 32 new lows; the Nasdaq Composite recorded 37 new highs and 122 new lows.</p><p>About 12.4 billion shares changed hands in U.S. exchanges, in line with the 12.4 billion daily average over the last 20 sessions.</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>US STOCKS-Wall Street Gains Over 2% in Broad Rebound</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\">\nUS STOCKS-Wall Street Gains Over 2% in Broad Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-22 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street&#39;s major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.</p><p>All 11 major S&amp;P 500    sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.</p><p>Investors are trying to assess how far stocks can fall as they weigh risks to the economy with the Federal Reserve taking aggressive measures to try to tamp down surging inflation. The S&amp;P 500 earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.</p><p>&#34;Do I think we have hit bottom? No. I think we are going to see more volatility, I think the bottoming process will likely take some time,&#34; said Kristina Hooper, chief global market strategist at Invesco. &#34;But I do think it is a good sign to see investor interest.&#34;</p><p>The Dow Jones Industrial Average rose 641.47 points, or 2.15%, to 30,530.25, and the S&amp;P 500 gained 89.95 points, or 2.45%, at 3,764.79. The Nasdaq Composite added 270.95 points, or 2.51%, at 11,069.30.</p><p>The energy sector, the top-gaining S&amp;P 500 sector this year, surged 5.1% after tumbling last week. Every sector gained at least 1%.</p><p>Megacap stocks Apple Inc, Tesla Inc and Microsoft Corp all rose solidly to give the biggest individual boosts to the S&amp;P 500. Apple rose 3.3%, Tesla jumped 9.4% and Microsoft added 2.5%.</p><p>The Fed last week approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.</p><p>Investors are pivoting to Fed Chair Jerome Powell&#39;s testimony to the U.S. Senate Banking Committee on Wednesday for clues on future interest rate hikes and his latest views on the economy.</p><p>Investors are &#34;trying to read the tea leaves to see how aggressive the Fed is going to get,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. &#34;That&#39;s a hard question to answer right now because they are going to see what happens to the inflation story.&#34;</p><p>Meanwhile, Goldman Sachs now expects a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%.</p><p>In company news, Kellogg Co shares rose about 2% after the breakfast cereal maker said it was splitting into three companies.</p><p><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> shares jumped 7.9% after JetBlue Airways said on Monday it sweetened its bid to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines&#39; proposal.</p><p>Advancing issues outnumbered decliners on the NYSE by a 2.66-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and 32 new lows; the Nasdaq Composite recorded 37 new highs and 122 new lows.</p><p>About 12.4 billion shares changed hands in U.S. exchanges, in line with the 12.4 billion daily average over the last 20 sessions.</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":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2245254247","content_text":"Wall Street's major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.All 11 major S&P 500    sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.Investors are trying to assess how far stocks can fall as they weigh risks to the economy with the Federal Reserve taking aggressive measures to try to tamp down surging inflation. The S&P 500 earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.\"Do I think we have hit bottom? No. I think we are going to see more volatility, I think the bottoming process will likely take some time,\" said Kristina Hooper, chief global market strategist at Invesco. \"But I do think it is a good sign to see investor interest.\"The Dow Jones Industrial Average rose 641.47 points, or 2.15%, to 30,530.25, and the S&P 500 gained 89.95 points, or 2.45%, at 3,764.79. The Nasdaq Composite added 270.95 points, or 2.51%, at 11,069.30.The energy sector, the top-gaining S&P 500 sector this year, surged 5.1% after tumbling last week. Every sector gained at least 1%.Megacap stocks Apple Inc, Tesla Inc and Microsoft Corp all rose solidly to give the biggest individual boosts to the S&P 500. Apple rose 3.3%, Tesla jumped 9.4% and Microsoft added 2.5%.The Fed last week approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.Investors are pivoting to Fed Chair Jerome Powell's testimony to the U.S. Senate Banking Committee on Wednesday for clues on future interest rate hikes and his latest views on the economy.Investors are \"trying to read the tea leaves to see how aggressive the Fed is going to get,\" said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. \"That's a hard question to answer right now because they are going to see what happens to the inflation story.\"Meanwhile, Goldman Sachs now expects a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%.In company news, Kellogg Co shares rose about 2% after the breakfast cereal maker said it was splitting into three companies.Spirit Airlines shares jumped 7.9% after JetBlue Airways said on Monday it sweetened its bid to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines' proposal.Advancing issues outnumbered decliners on the NYSE by a 2.66-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 32 new lows; the Nasdaq Composite recorded 37 new highs and 122 new lows.About 12.4 billion shares changed hands in U.S. exchanges, in line with the 12.4 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9056775483,"gmtCreate":1655086608442,"gmtModify":1676535559471,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9056775483","repostId":"1170887506","repostType":4,"repost":{"id":"1170887506","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":1655084153,"share":"https://www.laohu8.com/m/news/1170887506?lang=&edition=full","pubTime":"2022-06-13 09:35","market":"us","language":"en","title":"US Futures Fall as Inflation Shock Saps Sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=1170887506","media":"Tiger Newspress","summary":"US equity futures slid early Monday following a surprise American inflation print that heaped pressu","content":"<html><head></head><body><p>US equity futures slid early Monday following a surprise American inflation print that heaped pressure on the Federal Reserve to intensify monetary tightening.</p><p>Nasdaq 100 contracts shed 2.05%, while those for the S&amp;P 500 fell 1.47%, in the wake of steep losses on Wall Street that contributed to the worst drop in global shares last week since October 2020.</p><p><img src=\"https://static.tigerbbs.com/db7586cfcbc65dc1b0322d3201b75d02\" tg-width=\"558\" tg-height=\"243\" referrerpolicy=\"no-referrer\"/></p><p>New Zealand’s 10-year bond yield topped 4% for the first time since 2014 in the slipstream of a Treasuries slump that left the US two-year yield at a 14-year high. Yields on 30-year Treasuries are below those on five-year notes, pointing to fears that sharp Fed interest-rate hikes will spark a hard economic landing.</p><p>The dollar was firm on haven demand amid the toxic mix of rising costs and slower growth. Risk sensitive currencies like the Australian dollar weakened. Oil, one of the commodities stoking price gains, retreated below $120 a barrel.</p><p>“At some point financial conditions will tighten enough and/or growth will weaken enough such that the Fed can pause from hiking,” Goldman Sachs Group Inc. strategists including Zach Pandl wrote in a note. “But we still seem far from that point, which suggests upside risks to bond yields, ongoing pressure on risky assets, and likely broad US dollar strength for now.”</p><p>The US consumer price index rose 8.6% in May from a year earlier -- a fresh 40-year high -- in a broad-based advance, adding to a slate of troubling inflation data globally. Many investors expect half-point Fed rate hikes this week and again in July and September. Barclays Plc and Jefferies LLC said an even bigger 75-basis-point move is possible at the June meeting.</p><p>Poor sentiment was evident over the weekend in a cryptocurrency slide that took Bitcoin as low as $26,877, the weakest since mid-May.</p><p>In Australia, financial markets are closed for a holiday.</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>US Futures Fall as Inflation Shock Saps Sentiment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Futures Fall as Inflation Shock Saps Sentiment\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\">2022-06-13 09:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>US equity futures slid early Monday following a surprise American inflation print that heaped pressure on the Federal Reserve to intensify monetary tightening.</p><p>Nasdaq 100 contracts shed 2.05%, while those for the S&amp;P 500 fell 1.47%, in the wake of steep losses on Wall Street that contributed to the worst drop in global shares last week since October 2020.</p><p><img src=\"https://static.tigerbbs.com/db7586cfcbc65dc1b0322d3201b75d02\" tg-width=\"558\" tg-height=\"243\" referrerpolicy=\"no-referrer\"/></p><p>New Zealand’s 10-year bond yield topped 4% for the first time since 2014 in the slipstream of a Treasuries slump that left the US two-year yield at a 14-year high. Yields on 30-year Treasuries are below those on five-year notes, pointing to fears that sharp Fed interest-rate hikes will spark a hard economic landing.</p><p>The dollar was firm on haven demand amid the toxic mix of rising costs and slower growth. Risk sensitive currencies like the Australian dollar weakened. Oil, one of the commodities stoking price gains, retreated below $120 a barrel.</p><p>“At some point financial conditions will tighten enough and/or growth will weaken enough such that the Fed can pause from hiking,” Goldman Sachs Group Inc. strategists including Zach Pandl wrote in a note. “But we still seem far from that point, which suggests upside risks to bond yields, ongoing pressure on risky assets, and likely broad US dollar strength for now.”</p><p>The US consumer price index rose 8.6% in May from a year earlier -- a fresh 40-year high -- in a broad-based advance, adding to a slate of troubling inflation data globally. Many investors expect half-point Fed rate hikes this week and again in July and September. Barclays Plc and Jefferies LLC said an even bigger 75-basis-point move is possible at the June meeting.</p><p>Poor sentiment was evident over the weekend in a cryptocurrency slide that took Bitcoin as low as $26,877, the weakest since mid-May.</p><p>In Australia, financial markets are closed for a holiday.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170887506","content_text":"US equity futures slid early Monday following a surprise American inflation print that heaped pressure on the Federal Reserve to intensify monetary tightening.Nasdaq 100 contracts shed 2.05%, while those for the S&P 500 fell 1.47%, in the wake of steep losses on Wall Street that contributed to the worst drop in global shares last week since October 2020.New Zealand’s 10-year bond yield topped 4% for the first time since 2014 in the slipstream of a Treasuries slump that left the US two-year yield at a 14-year high. Yields on 30-year Treasuries are below those on five-year notes, pointing to fears that sharp Fed interest-rate hikes will spark a hard economic landing.The dollar was firm on haven demand amid the toxic mix of rising costs and slower growth. Risk sensitive currencies like the Australian dollar weakened. Oil, one of the commodities stoking price gains, retreated below $120 a barrel.“At some point financial conditions will tighten enough and/or growth will weaken enough such that the Fed can pause from hiking,” Goldman Sachs Group Inc. strategists including Zach Pandl wrote in a note. “But we still seem far from that point, which suggests upside risks to bond yields, ongoing pressure on risky assets, and likely broad US dollar strength for now.”The US consumer price index rose 8.6% in May from a year earlier -- a fresh 40-year high -- in a broad-based advance, adding to a slate of troubling inflation data globally. Many investors expect half-point Fed rate hikes this week and again in July and September. Barclays Plc and Jefferies LLC said an even bigger 75-basis-point move is possible at the June meeting.Poor sentiment was evident over the weekend in a cryptocurrency slide that took Bitcoin as low as $26,877, the weakest since mid-May.In Australia, financial markets are closed for a holiday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051966521,"gmtCreate":1654639538463,"gmtModify":1676535480887,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051966521","repostId":"2241073341","repostType":4,"repost":{"id":"2241073341","pubTimestamp":1654617076,"share":"https://www.laohu8.com/m/news/2241073341?lang=&edition=full","pubTime":"2022-06-07 23:51","market":"us","language":"en","title":"3 Unstoppable Stocks to Buy Now and Never Sell","url":"https://stock-news.laohu8.com/highlight/detail?id=2241073341","media":"Motley Fool","summary":"The tech-sector bear market has presented an opportunity to buy these quality companies for the long term.","content":"<html><head></head><body><p>The <b>Nasdaq-100</b> technology index is officially trading in a bear market, having fallen 25% from its all-time high. The decline has been driven by much steeper losses in individual tech stocks, even those that are typically considered high quality because of their strong growth or profitability. The fact is, if investors liked a particular stock a year ago, and that stock is currently down by 50% or more since then, they should probably love it even more right now -- assuming nothing has fundamentally changed within the core business.</p><p>Three Motley Fool contributors think investors should take full advantage of the current discounts in shares of <a href=\"https://laohu8.com/S/NVDA\">Nvidia </a>, <a href=\"https://laohu8.com/S/ABNB\">Airbnb </a>, and <a href=\"https://laohu8.com/S/ZS\">Zscaler </a> by buying them now and holding them for the ultra-long term. Here&#39;s why.</p><p><img src=\"https://static.tigerbbs.com/2dc3db1056ae1fc5eaf8e0da2511ac3d\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p>Image source: Getty Images.</p><p>At the pinnacle of innovation</p><p><b>Anthony Di Pizio</b> <a href=\"https://laohu8.com/S/NVDA\">Nvidia </a><b>:</b> The semiconductor industry has never been more important to global manufacturing. Most of the modern-day electronics consumers know and love require advanced processing power to function, and that&#39;s made possible by innovations in the chip sector. Nvidia produces some of the most sought-after hardware on the planet, whether it&#39;s for gaming, data centers, or artificial intelligence, but the company is broadening its horizons to become more than just a chipmaker.</p><p>Nvidia&#39;s future growth might come from its two smallest segments, which made up just 9% of the company&#39;s $8.2 billion in revenue in the fiscal first quarter of 2023 (Nvidia&#39;s fiscal year ends Jan. 30). The first is professional visualization, which is home to the company&#39;s revolutionary virtual-world-building platform called Omniverse. It&#39;s being used for everything from mapping environments for self-driving technology development to creating digital twins of manufacturing and fulfillment centers with millimeter accuracy, which allows companies to carefully configure operations before moving a single piece of physical equipment. The segment&#39;s revenue grew 67% year over year in the recent quarter to $622 million.</p><p>But Nvidia&#39;s automotive and robotics unit might be its most exciting. Despite generating a tiny $138 million in revenue in Q1, it has a revenue pipeline that now tops $11 billion, which it expects to realize gradually over the next six years. It stems from blockbuster deals with 35 leading car manufacturers like Mercedes Benz, as well as <b>Tata Motors</b>&#39; Jaguar and Land Rover, to provide autonomous driving hardware and software. Mercedes will be one of the first to roll out the technology, starting with its 2024 model vehicles.</p><p>In the short term, the gaming and the data center segments will continue to propel Nvidia forward. Revenue from the data center segment alone grew 83% to $3.7 billion in Q1, with revenue from cloud computing customers specifically more than doubling. It far outpaces the company&#39;s overall sales growth of 46%.</p><p>Nvidia stock has fallen 43% since hitting its all-time high of $346 in November last year, and that might be an opportunity to start buying a position with the intention of never selling, given the company&#39;s focus on futuristic technologies.</p><p>A new approach to vacationing</p><p><b>Jamie Louko </b><a href=\"https://laohu8.com/S/ABNB\">Airbnb </a><b>:</b> With the market&#39;s wild volatility, high-quality and low-quality tech stocks alike seem to be dropping. This can be painful for long-term investors, but it also provides opportunities to add more to your highest-conviction investments. Airbnb is one for me because it is continuing to disrupt the way consumers search for vacations.</p><p>Airbnb thrives on uniqueness and having features that are unrivaled by traditional competitors. The company has one of the most extensive and creative catalogs of listings, with over 6 million active listings, including unique options like mini-islands, treehouses, and cave homes. It also has features that have never been incorporated into traditional processes for booking vacations, like categories and the &#34;I&#39;m Flexible&#34; option. These features are unique to Airbnb and allow consumers to decide where to stay based on factors other than location and specific vacation dates.</p><p>With these unique characteristics, Airbnb has gathered quite the brand reputation. In Q1 2022, the company had over 102 million nights and experiences booked on the platform, which grew 59% year over year. This was the first time the company surpassed 100 million nights booked. The company&#39;s Q1 revenue also grew 70% year over year to $1.5 billion. While some of this growth is likely partially due to the pent-up demand for travel, it still signals that the company&#39;s competitive advantages are attracting more consumers to the platform.</p><p>This adoption should continue over both the short and long term. The company is guiding for $2.08 billion in revenue in the second quarter, representing a 56% expansion year over year. Over the long term, the company will have to continue innovating to create a top-tier platform, but Airbnb generated more than $2.8 billion in free cash flow during the trailing 12 months to invest in its platform. This grew over 600% year over year, and with this much reinvestment, Airbnb could strengthen both its competitive advantages and its brand.</p><p>With shares valued at 28 times free cash flow, Airbnb looks fairly valued today. Continued revenue and nights booked expansion will show that Airbnb&#39;s reputation is building, and with its one-of-a-kind platform, I think Airbnb could be a great investment to buy and never sell.</p><p>The market leader in network security</p><p><b>Trevor Jennewine </b><a href=\"https://laohu8.com/S/ZS\">Zscaler </a><b>:</b> In the past, organizations protected their data and applications with a castle-and-moat strategy. That means all critical resources were stored on premise, behind a firewall, and all requests were routed through a central hub where security policies were enforced. But the rise of cloud computing and remote work have fundamentally changed the IT world, rendering old-school security measures ineffective.</p><p>Today, data and applications often live in the cloud and workforces are increasingly mobile, meaning critical resources exist beyond the borders of a corporate firewall. That has created a need for a new kind of network security, and Zscaler is leading the charge. Its zero-trust platform -- known as a secure access service edge (SASE) -- handles the inspection of network traffic, delivering security from the cloud, which eliminates the need for costly on-site appliances. Better yet, Zscaler provides employees with a fast, secure connection to corporate resources and the open internet from any device or location.</p><p>Also noteworthy, the company operates the largest security cloud in the world, processing over 240 billion requests and blocking millions of threats each day. To that end, Zscaler captures a tremendous amount of data, and that theoretically makes its artificial intelligence-powered security engine uniquely effective. As proof of its best-in-class status, research company <b>Gartner</b> has recognized Zscaler as the industry leader for the last 11 years.</p><p>That has translated into strong financial results. Revenue soared 61% to $970 million over the past year, due in part to a strong land-and-expand growth strategy -- Zscaler&#39;s retention rate has exceeded 125% from the last six quarters, meaning the average customer is spending at least 25% more each year. The company is still unprofitable under generally accepted accounting principles (GAAP), but free cash flow climbed 45% to $184 million over the past year.</p><p>Zscaler is set to maintain that momentum. Management puts its market opportunity at $72 billion, and by 2025, Gartner says that &#34;at least 60% of enterprises will have explicit strategies and timelines for SASE adoption ... up from 10% in 2020.&#34; As the long-standing industry leader, Zscaler should benefit greatly from that trend. That&#39;s why this growth stock is worth buying, and it&#39;s why I plan to hold forever.</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>3 Unstoppable Stocks to Buy Now and Never Sell</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\">\n3 Unstoppable Stocks to Buy Now and Never Sell\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-07 23:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/07/3-unstoppable-stocks-to-buy-now-and-never-sell/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Nasdaq-100 technology index is officially trading in a bear market, having fallen 25% from its all-time high. The decline has been driven by much steeper losses in individual tech stocks, even ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/07/3-unstoppable-stocks-to-buy-now-and-never-sell/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","NVDA":"英伟达","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","ZS":"Zscaler Inc.","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","ABNB":"爱彼迎","BK4535":"淡马锡持仓","BK4543":"AI","BK4527":"明星科技股","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4549":"软银资本持仓","BK4142":"酒店、度假村与豪华游轮","BK4548":"巴美列捷福持仓","BK4529":"IDC概念"},"source_url":"https://www.fool.com/investing/2022/06/07/3-unstoppable-stocks-to-buy-now-and-never-sell/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2241073341","content_text":"The Nasdaq-100 technology index is officially trading in a bear market, having fallen 25% from its all-time high. The decline has been driven by much steeper losses in individual tech stocks, even those that are typically considered high quality because of their strong growth or profitability. The fact is, if investors liked a particular stock a year ago, and that stock is currently down by 50% or more since then, they should probably love it even more right now -- assuming nothing has fundamentally changed within the core business.Three Motley Fool contributors think investors should take full advantage of the current discounts in shares of Nvidia , Airbnb , and Zscaler  by buying them now and holding them for the ultra-long term. Here's why.Image source: Getty Images.At the pinnacle of innovationAnthony Di Pizio Nvidia : The semiconductor industry has never been more important to global manufacturing. Most of the modern-day electronics consumers know and love require advanced processing power to function, and that's made possible by innovations in the chip sector. Nvidia produces some of the most sought-after hardware on the planet, whether it's for gaming, data centers, or artificial intelligence, but the company is broadening its horizons to become more than just a chipmaker.Nvidia's future growth might come from its two smallest segments, which made up just 9% of the company's $8.2 billion in revenue in the fiscal first quarter of 2023 (Nvidia's fiscal year ends Jan. 30). The first is professional visualization, which is home to the company's revolutionary virtual-world-building platform called Omniverse. It's being used for everything from mapping environments for self-driving technology development to creating digital twins of manufacturing and fulfillment centers with millimeter accuracy, which allows companies to carefully configure operations before moving a single piece of physical equipment. The segment's revenue grew 67% year over year in the recent quarter to $622 million.But Nvidia's automotive and robotics unit might be its most exciting. Despite generating a tiny $138 million in revenue in Q1, it has a revenue pipeline that now tops $11 billion, which it expects to realize gradually over the next six years. It stems from blockbuster deals with 35 leading car manufacturers like Mercedes Benz, as well as Tata Motors' Jaguar and Land Rover, to provide autonomous driving hardware and software. Mercedes will be one of the first to roll out the technology, starting with its 2024 model vehicles.In the short term, the gaming and the data center segments will continue to propel Nvidia forward. Revenue from the data center segment alone grew 83% to $3.7 billion in Q1, with revenue from cloud computing customers specifically more than doubling. It far outpaces the company's overall sales growth of 46%.Nvidia stock has fallen 43% since hitting its all-time high of $346 in November last year, and that might be an opportunity to start buying a position with the intention of never selling, given the company's focus on futuristic technologies.A new approach to vacationingJamie Louko Airbnb : With the market's wild volatility, high-quality and low-quality tech stocks alike seem to be dropping. This can be painful for long-term investors, but it also provides opportunities to add more to your highest-conviction investments. Airbnb is one for me because it is continuing to disrupt the way consumers search for vacations.Airbnb thrives on uniqueness and having features that are unrivaled by traditional competitors. The company has one of the most extensive and creative catalogs of listings, with over 6 million active listings, including unique options like mini-islands, treehouses, and cave homes. It also has features that have never been incorporated into traditional processes for booking vacations, like categories and the \"I'm Flexible\" option. These features are unique to Airbnb and allow consumers to decide where to stay based on factors other than location and specific vacation dates.With these unique characteristics, Airbnb has gathered quite the brand reputation. In Q1 2022, the company had over 102 million nights and experiences booked on the platform, which grew 59% year over year. This was the first time the company surpassed 100 million nights booked. The company's Q1 revenue also grew 70% year over year to $1.5 billion. While some of this growth is likely partially due to the pent-up demand for travel, it still signals that the company's competitive advantages are attracting more consumers to the platform.This adoption should continue over both the short and long term. The company is guiding for $2.08 billion in revenue in the second quarter, representing a 56% expansion year over year. Over the long term, the company will have to continue innovating to create a top-tier platform, but Airbnb generated more than $2.8 billion in free cash flow during the trailing 12 months to invest in its platform. This grew over 600% year over year, and with this much reinvestment, Airbnb could strengthen both its competitive advantages and its brand.With shares valued at 28 times free cash flow, Airbnb looks fairly valued today. Continued revenue and nights booked expansion will show that Airbnb's reputation is building, and with its one-of-a-kind platform, I think Airbnb could be a great investment to buy and never sell.The market leader in network securityTrevor Jennewine Zscaler : In the past, organizations protected their data and applications with a castle-and-moat strategy. That means all critical resources were stored on premise, behind a firewall, and all requests were routed through a central hub where security policies were enforced. But the rise of cloud computing and remote work have fundamentally changed the IT world, rendering old-school security measures ineffective.Today, data and applications often live in the cloud and workforces are increasingly mobile, meaning critical resources exist beyond the borders of a corporate firewall. That has created a need for a new kind of network security, and Zscaler is leading the charge. Its zero-trust platform -- known as a secure access service edge (SASE) -- handles the inspection of network traffic, delivering security from the cloud, which eliminates the need for costly on-site appliances. Better yet, Zscaler provides employees with a fast, secure connection to corporate resources and the open internet from any device or location.Also noteworthy, the company operates the largest security cloud in the world, processing over 240 billion requests and blocking millions of threats each day. To that end, Zscaler captures a tremendous amount of data, and that theoretically makes its artificial intelligence-powered security engine uniquely effective. As proof of its best-in-class status, research company Gartner has recognized Zscaler as the industry leader for the last 11 years.That has translated into strong financial results. Revenue soared 61% to $970 million over the past year, due in part to a strong land-and-expand growth strategy -- Zscaler's retention rate has exceeded 125% from the last six quarters, meaning the average customer is spending at least 25% more each year. The company is still unprofitable under generally accepted accounting principles (GAAP), but free cash flow climbed 45% to $184 million over the past year.Zscaler is set to maintain that momentum. Management puts its market opportunity at $72 billion, and by 2025, Gartner says that \"at least 60% of enterprises will have explicit strategies and timelines for SASE adoption ... up from 10% in 2020.\" As the long-standing industry leader, Zscaler should benefit greatly from that trend. That's why this growth stock is worth buying, and it's why I plan to hold forever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9028637684,"gmtCreate":1653211094048,"gmtModify":1676535240943,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028637684","repostId":"2237028702","repostType":4,"repost":{"id":"2237028702","pubTimestamp":1653192000,"share":"https://www.laohu8.com/m/news/2237028702?lang=&edition=full","pubTime":"2022-05-22 12:00","market":"us","language":"en","title":"Nvidia: Ridiculous Times Indeed","url":"https://stock-news.laohu8.com/highlight/detail?id=2237028702","media":"Seekingalpha","summary":"SummaryA friendly reminder that Nvidia will be reporting FQ1'23 earnings on 25 May 2022.In light of ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>A friendly reminder that Nvidia will be reporting FQ1&#39;23 earnings on 25 May 2022.</li><li>In light of macro issues and the collapse of the cryptocurrency market, we expect short-term pain ahead.</li><li>As a result, we encourage patience for NVDA investors for now, given the recent market consolidation.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d7343c8a58ddc860a09d49a813086a1\" tg-width=\"1080\" tg-height=\"741\" referrerpolicy=\"no-referrer\"/><span>Diamond Dogs/iStock via Getty Images</span></p><p><b>Investment Thesis</b></p><p>Nvidia (NASDAQ:NVDA) is expected to report earnings for FQ1&#39;23 on 25 May 2022. However, investors should not be rushing to play the earnings game, considering the macro pessimism. Furthermore, given how NVDA had been closely tied to the cryptocurrency mining, we may expect reduced sales moving forward, seeing how the whole market had lost over $1T of combined value in recent days.</p><p>However, we encourage NVDA investors to ignore the noise as the stock remains a solid investment for the next decade. Nonetheless, please do not buy the dip as we expect the stock to retrace in the next few weeks, as the market grapples with the macro pessimism and crypto crash.</p><p><b>Why Did NVDA Fall From Grace?</b></p><p><b>NVDA Revenue, Net Income, and Gross Margin</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c8b7f527622943487f298f58aec0a8f\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>S&amp;P Capital IQ</span></p><p>Pre-pandemic, NVDA had grown its revenue and net income at a steady CAGR of 16.44% and 18.9%. It obviously grew exponentially in the past two years, given the massive demand for personal devices due to the increased remote work/ study/ entertainment options during the COVID-19 pandemic. As a result, NVDA grew its revenues at a tremendous CAGR of 57.05%, while its net income rose even faster at a CAGR of 86.94%. The company also steadily improved its gross margins from 58.8% in FY2017 to 64.9% in FY2022.</p><p><b>NVDA 5Y Stock Price</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41f98282f6ea46ae8ad6b84c285f70dc\" tg-width=\"640\" tg-height=\"229\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>As a result, it is evident that NVDA investors had benefited from its stellar growth, given that the stock had risen by 580% in the past two years, before the drastic moderation that occurred in late 2021.</p><p><b>NVDA 5Y EV/Revenue and P/E Valuations</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb56f00646af22e85bd8a43914c1b14a\" tg-width=\"640\" tg-height=\"228\" referrerpolicy=\"no-referrer\"/><span>S&amp;P Capital IQ</span></p><p>However, we believe that the market correction is expected, given that NVDA was trading at ridiculous valuations at its peak, with EV/NTM Revenue of 28x and NTM P/E of 72.98x. That is way higher than Intel&#39;s (INTC) valuation of EV/NTM Revenue of 4.19x and NTM P/E of 15.47x in the past three years, and even AMD (AMD) at 10.59x and 65.39x, respectively. In hindsight, it is evident that NVDA has been highly (maybe over) valued, given its exposure to multiple market segments, such as AI technology, autonomous EVs, cloud computing servers, cryptocurrency, and metaverse, amongst others.</p><p>Nonetheless, we may also see a short-term impact, given Meta&#39;s (FB) slowing investments in the Reality Labs ( metaverse),reduced demand for GPUs from the crypto mining, and impacted auto production outputs from China&#39;s Zero Covid Policy. As a result, given the uncertainties, we expect the pain to continue for a while longer as the market consolidates in the next few quarters.</p><p>In the meantime, we encourage you to read our previous article on NVDA, which would help you better understand its market opportunities in the AI technology, automotive, and data center industries.</p><p><b>NVDA Is Still Investing In Growth, Though We See Short-Term Impacts</b></p><p><b>NVDA Cash/ Equivalents, FCF, and FCF Margins</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdb6487d84c744bc4e43411a3930b4d1\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>S&amp;P Capital IQ</span></p><p>Nonetheless, NVDA has been an excellent Free Cash Flow (FCF) generator, while reporting its record-breaking FCF of $8.13B and FCF margins of 30.2% in FY2022. The company also ended the year with a decent $1.99B of cash and equivalents, which will prove helpful for its expanding R&amp;D expenses at an average of 21.5% to its annual revenues in the past five years.</p><p><b>NVDA R&amp;D Expenses and % to Revenue</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2295ab78fcdb724f700193b47538ade\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/><span>S&amp;P Capital IQ</span></p><p>Assuming that NVDA continues its reinvestments, we may expect the company to spend up to $7.4B in R&amp;D expenses for FY2023. As an investor myself, I believe that high-growth tech companies, such as NVDA, should build up their future capabilities and product innovations, to keep their advantage in the highly competitive semiconductor industry moving forward. Nonetheless, the risks are also inherent that many companies may slow down their Capex investments in the next few quarters, given the impending recession and rising interest rates. Consequently, NVDA may also reduce its R&amp;D expenses for the short term, given the potential deceleration in revenue growth.</p><p><b>NVDA Projected Revenue and Net Income</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2badc1948a2e2ab65b118973f20c6a4\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/><span>S&amp;P Capital IQ</span></p><p>Over the next three years, NVDA is expected to report impressive revenue and net income growth at a CAGR of 18.99% and 27.19%, respectively. For FY2023, consensus estimates that the company will report revenues of $34.77B and a net income of $14.39B, representing remarkable YoY growth of 29.2% and 47.5%, respectively.</p><p>Investors will be looking closely at NVDA&#39;s FQ1&#39;23 performance, in which it had guided for revenues of $8.1B and gross margins of 65.2%. Assuming that the company successfully smashed its own and consensus estimates of $8.09B, we can be sure of a short-term recovery. However, it is also important to note that NVDA is expected to record a one-time write-off worth $1.36B for the quarter, due to the collapse of the ARM acquisition. In addition, given the quarter&#39;s exposure to the prolonged lockdowns in China, NVDA&#39;s revenue may also be impacted negatively. As a result, we expect a mixed FQ1&#39;23 performance, potentially leading to a further decline in its stock performance. We shall see.</p><p><b>So, Is NVDA Stock A Buy, Sell, Or Hold?</b></p><p>NVDA is currently trading at an EV/NTM Revenue of 11.93x, and NTM P/E of 30x, lower than its 5Y mean of 13.34x and 39.91x, respectively. The stock is also trading at $171.24 on 19 May 2022, down 50% from 52 weeks high of $346.47. Given the recent market pessimism, there is a likelihood that the stock may retrace further below its 52 weeks low of $135.43 in the next few days, before recovering upon a positive catalyst, namely its FQ1&#39;23 earnings call on 25 May 2022.</p><p>Even then, the NVDA stock could potentially remain stagnant post-earnings, similar to its peer, AMD. The latter had reported stellar FQ1&#39;22 earnings, while also raising its FY2022 guidance. In response, the stock rose by 9% from $91.13 to $99.42 on 3 May 2022, before drifting sideways for the next two weeks to reach $96.67 on 19 May 2022. We can be sure that if such an upbeat earnings call had occurred during the heights of the pandemic, AMD would have seen a more pronounced growth in valuation and stock price, similar to the 25% growth after FQ3&#39;21 earnings and 15% growth after FQ2&#39;21 earnings. As a result, interested tech investors must be aware that we are in the midst of maximum pain, significantly worsened by the cryptocurrency winter, the ongoing Ukraine war, and China&#39;s Zero Covid Policy.</p><p>Given the uncertainties and reasons listed above, we may expect softer FQ2&#39;23 guidance from NVDA&#39;s management as well. Though the stock may seem an attractive buy at its current &#34;undervaluation,&#34; given its growth potential and promising pipeline, we would encourage prudence for now. We expect a more attractive entry point moving forward, after more clarity from its FQ1&#39;23 earnings call. Patient investors will be awarded.</p><p>Therefore, we <i>rate NVDA stock as a Hold for now.</i></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>Nvidia: Ridiculous Times Indeed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia: Ridiculous Times Indeed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-22 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513449-nvidia-ridiculous-times-indeed><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryA friendly reminder that Nvidia will be reporting FQ1'23 earnings on 25 May 2022.In light of macro issues and the collapse of the cryptocurrency market, we expect short-term pain ahead.As a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4513449-nvidia-ridiculous-times-indeed\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4513449-nvidia-ridiculous-times-indeed","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2237028702","content_text":"SummaryA friendly reminder that Nvidia will be reporting FQ1'23 earnings on 25 May 2022.In light of macro issues and the collapse of the cryptocurrency market, we expect short-term pain ahead.As a result, we encourage patience for NVDA investors for now, given the recent market consolidation.Diamond Dogs/iStock via Getty ImagesInvestment ThesisNvidia (NASDAQ:NVDA) is expected to report earnings for FQ1'23 on 25 May 2022. However, investors should not be rushing to play the earnings game, considering the macro pessimism. Furthermore, given how NVDA had been closely tied to the cryptocurrency mining, we may expect reduced sales moving forward, seeing how the whole market had lost over $1T of combined value in recent days.However, we encourage NVDA investors to ignore the noise as the stock remains a solid investment for the next decade. Nonetheless, please do not buy the dip as we expect the stock to retrace in the next few weeks, as the market grapples with the macro pessimism and crypto crash.Why Did NVDA Fall From Grace?NVDA Revenue, Net Income, and Gross MarginS&P Capital IQPre-pandemic, NVDA had grown its revenue and net income at a steady CAGR of 16.44% and 18.9%. It obviously grew exponentially in the past two years, given the massive demand for personal devices due to the increased remote work/ study/ entertainment options during the COVID-19 pandemic. As a result, NVDA grew its revenues at a tremendous CAGR of 57.05%, while its net income rose even faster at a CAGR of 86.94%. The company also steadily improved its gross margins from 58.8% in FY2017 to 64.9% in FY2022.NVDA 5Y Stock PriceSeeking AlphaAs a result, it is evident that NVDA investors had benefited from its stellar growth, given that the stock had risen by 580% in the past two years, before the drastic moderation that occurred in late 2021.NVDA 5Y EV/Revenue and P/E ValuationsS&P Capital IQHowever, we believe that the market correction is expected, given that NVDA was trading at ridiculous valuations at its peak, with EV/NTM Revenue of 28x and NTM P/E of 72.98x. That is way higher than Intel's (INTC) valuation of EV/NTM Revenue of 4.19x and NTM P/E of 15.47x in the past three years, and even AMD (AMD) at 10.59x and 65.39x, respectively. In hindsight, it is evident that NVDA has been highly (maybe over) valued, given its exposure to multiple market segments, such as AI technology, autonomous EVs, cloud computing servers, cryptocurrency, and metaverse, amongst others.Nonetheless, we may also see a short-term impact, given Meta's (FB) slowing investments in the Reality Labs ( metaverse),reduced demand for GPUs from the crypto mining, and impacted auto production outputs from China's Zero Covid Policy. As a result, given the uncertainties, we expect the pain to continue for a while longer as the market consolidates in the next few quarters.In the meantime, we encourage you to read our previous article on NVDA, which would help you better understand its market opportunities in the AI technology, automotive, and data center industries.NVDA Is Still Investing In Growth, Though We See Short-Term ImpactsNVDA Cash/ Equivalents, FCF, and FCF MarginsS&P Capital IQNonetheless, NVDA has been an excellent Free Cash Flow (FCF) generator, while reporting its record-breaking FCF of $8.13B and FCF margins of 30.2% in FY2022. The company also ended the year with a decent $1.99B of cash and equivalents, which will prove helpful for its expanding R&D expenses at an average of 21.5% to its annual revenues in the past five years.NVDA R&D Expenses and % to RevenueS&P Capital IQAssuming that NVDA continues its reinvestments, we may expect the company to spend up to $7.4B in R&D expenses for FY2023. As an investor myself, I believe that high-growth tech companies, such as NVDA, should build up their future capabilities and product innovations, to keep their advantage in the highly competitive semiconductor industry moving forward. Nonetheless, the risks are also inherent that many companies may slow down their Capex investments in the next few quarters, given the impending recession and rising interest rates. Consequently, NVDA may also reduce its R&D expenses for the short term, given the potential deceleration in revenue growth.NVDA Projected Revenue and Net IncomeS&P Capital IQOver the next three years, NVDA is expected to report impressive revenue and net income growth at a CAGR of 18.99% and 27.19%, respectively. For FY2023, consensus estimates that the company will report revenues of $34.77B and a net income of $14.39B, representing remarkable YoY growth of 29.2% and 47.5%, respectively.Investors will be looking closely at NVDA's FQ1'23 performance, in which it had guided for revenues of $8.1B and gross margins of 65.2%. Assuming that the company successfully smashed its own and consensus estimates of $8.09B, we can be sure of a short-term recovery. However, it is also important to note that NVDA is expected to record a one-time write-off worth $1.36B for the quarter, due to the collapse of the ARM acquisition. In addition, given the quarter's exposure to the prolonged lockdowns in China, NVDA's revenue may also be impacted negatively. As a result, we expect a mixed FQ1'23 performance, potentially leading to a further decline in its stock performance. We shall see.So, Is NVDA Stock A Buy, Sell, Or Hold?NVDA is currently trading at an EV/NTM Revenue of 11.93x, and NTM P/E of 30x, lower than its 5Y mean of 13.34x and 39.91x, respectively. The stock is also trading at $171.24 on 19 May 2022, down 50% from 52 weeks high of $346.47. Given the recent market pessimism, there is a likelihood that the stock may retrace further below its 52 weeks low of $135.43 in the next few days, before recovering upon a positive catalyst, namely its FQ1'23 earnings call on 25 May 2022.Even then, the NVDA stock could potentially remain stagnant post-earnings, similar to its peer, AMD. The latter had reported stellar FQ1'22 earnings, while also raising its FY2022 guidance. In response, the stock rose by 9% from $91.13 to $99.42 on 3 May 2022, before drifting sideways for the next two weeks to reach $96.67 on 19 May 2022. We can be sure that if such an upbeat earnings call had occurred during the heights of the pandemic, AMD would have seen a more pronounced growth in valuation and stock price, similar to the 25% growth after FQ3'21 earnings and 15% growth after FQ2'21 earnings. As a result, interested tech investors must be aware that we are in the midst of maximum pain, significantly worsened by the cryptocurrency winter, the ongoing Ukraine war, and China's Zero Covid Policy.Given the uncertainties and reasons listed above, we may expect softer FQ2'23 guidance from NVDA's management as well. Though the stock may seem an attractive buy at its current \"undervaluation,\" given its growth potential and promising pipeline, we would encourage prudence for now. We expect a more attractive entry point moving forward, after more clarity from its FQ1'23 earnings call. Patient investors will be awarded.Therefore, we rate NVDA stock as a Hold for now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029604526,"gmtCreate":1652761673365,"gmtModify":1676535157228,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029604526","repostId":"1114289990","repostType":4,"repost":{"id":"1114289990","pubTimestamp":1652747214,"share":"https://www.laohu8.com/m/news/1114289990?lang=&edition=full","pubTime":"2022-05-17 08:26","market":"us","language":"en","title":"LUNA Crypto: Where Do Things Stand After Terra’s Stablecoin Failure?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114289990","media":"investorplace","summary":"Terra(LUNA-USD) developers are picking up the pieces after the network’s near total collapse last we","content":"<html><head></head><body><ul><li><b>Terra</b>(<b>LUNA-USD</b>) developers are picking up the pieces after the network’s near total collapse last week</li><li>Community proposals are cropping up, aiming to right the ecosystem and allow LUNA to rebuild</li><li>The Luna Foundation Guard (LFG) is clarifying the state of its reserves, which are now nearly empty</li></ul><p><img src=\"https://static.tigerbbs.com/ae9916c23f2f928ab45c1902098e97c8\" tg-width=\"1600\" tg-height=\"900\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: David Sandron / Shutterstock.com</p><p>The last week in cryptocurrency is certainly going to be one for the history books. The LUNA crypto saw perhaps the most dramatic collapse ever, with prices plummeting nearly 100%. The coin serves as a bleak reminder of just how quickly projects can turn sour.</p><p>But developers are not giving up yet: The project’s leads are turning to community proposals once again to right the wrongs that led to this point. Moreover, they are providing updates on LFG’s crypto reserves.</p><p>To quickly recap, Terrafell apart last weekafter its stablecoin <b>TerraUSD</b>(<b>UST-USD</b>) lost its $1 peg. The algorithmic stablecoin is supposed to automatically fluctuate in supply as a way to keep prices at $1. Unfortunately, this did not work, and UST prices spiraled. This in turn affects LUNA, since it is an integral part of the UST algorithm and the main token on the Terra network. The de-pegging turned into a rapid plunge for both coins. As it stands now, UST is trading at about 10 cents and LUNA dropped from nearly $80 to less than a half of 1 cent.</p><h2>LUNA Crypto Turnaround Plans Heat Up</h2><p>In the wake of the disaster, users have lots of questions. Most notably, they want to know what happened to the billions of dollars worth of crypto assets in the LFG’s reserve wallet. They also want to know what’s next for the LUNA crypto. Luckily, they are getting at least some answers this week.</p><p>The LFG, an organization that oversees development of the Terra network, posted a Twitter thread this morningdetailing its reserve balance. This reserve, which cropped up in early 2022 after a separate UST de-pegging, is comprised of billions of dollars in assets. It includes a stash of over 80,000 <b>Bitcoin</b>(<b><u>BTC-USD</u></b>). Accumulated for the purpose of deploying in case of emergency, developers seem to have put nearly the entire portfolio into action to little effect.</p><p>According to this report, the LFG deployed over 99% of its Bitcoin, a stash of 80,394. 46,876 BTC went to a “professional market maker.” This market maker then deployed the Bitcoin on behalf of LFG to buy up UST. The LFG sold another 33,206 Bitcoin to buy even more UST later last week,bringing total BTC reserves to just 313.</p><p>Thanks to this data, we can see just how many resources the LFG threw at the LUNA crypto. Interestingly enough, the reserve also holds large amounts of <b>Binance</b>(<b><u>BNB-USD</u></b>) and <b>Avalanche</b>(<b><u>AVAX-USD</u></b>). It did not sell any of these BNB or AVAX holdings.</p><p>Last week, theprice of AVAX fell steeplyas investors anticipated a dump of the $100 million stash the LFG held.</p><h2>What’s Next for LUNA? Developers Prepare to Reimburse Holders.</h2><p>In the wake of the meltdown, it seems that developers are going to put the most affected LUNA crypto holders at the forefront of the rebuild. The LFG is going to compensate small holders after their investments shrank to nearly $0.</p><p>Alongside its reserves report, Terra developers say they are working on a plan toredistribute the remaining LFG funds to users, from smallest wallets upward. It does not yet have a detailed plan in the works for how this reimbursement will occur.</p><blockquote>10/ The Foundation is looking to use its remaining assets to compensate remaining users of$UST, smallest holders first.</blockquote><blockquote>We are still debating through various distribution methods, updates to follow soon.</blockquote><blockquote>— LFG | Luna Foundation Guard (@LFG_org)May 16, 2022</blockquote><p>Moreover, founder Do Kwon revealed plans to rebuild Terra through his“Terra Revival Plan.”This plan includes a massive redistribution of tokens as well as a community pool which will fund further Terra development.</p><p>It will be interesting to watch the network rebuild from this point forward.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LUNA Crypto: Where Do Things Stand After Terra’s Stablecoin Failure?</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\">\nLUNA Crypto: Where Do Things Stand After Terra’s Stablecoin Failure?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-17 08:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/luna-crypto-where-do-things-stand-after-terras-stablecoin-failure/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Terra(LUNA-USD) developers are picking up the pieces after the network’s near total collapse last weekCommunity proposals are cropping up, aiming to right the ecosystem and allow LUNA to rebuildThe ...</p>\n\n<a href=\"https://investorplace.com/2022/05/luna-crypto-where-do-things-stand-after-terras-stablecoin-failure/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2022/05/luna-crypto-where-do-things-stand-after-terras-stablecoin-failure/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114289990","content_text":"Terra(LUNA-USD) developers are picking up the pieces after the network’s near total collapse last weekCommunity proposals are cropping up, aiming to right the ecosystem and allow LUNA to rebuildThe Luna Foundation Guard (LFG) is clarifying the state of its reserves, which are now nearly emptySource: David Sandron / Shutterstock.comThe last week in cryptocurrency is certainly going to be one for the history books. The LUNA crypto saw perhaps the most dramatic collapse ever, with prices plummeting nearly 100%. The coin serves as a bleak reminder of just how quickly projects can turn sour.But developers are not giving up yet: The project’s leads are turning to community proposals once again to right the wrongs that led to this point. Moreover, they are providing updates on LFG’s crypto reserves.To quickly recap, Terrafell apart last weekafter its stablecoin TerraUSD(UST-USD) lost its $1 peg. The algorithmic stablecoin is supposed to automatically fluctuate in supply as a way to keep prices at $1. Unfortunately, this did not work, and UST prices spiraled. This in turn affects LUNA, since it is an integral part of the UST algorithm and the main token on the Terra network. The de-pegging turned into a rapid plunge for both coins. As it stands now, UST is trading at about 10 cents and LUNA dropped from nearly $80 to less than a half of 1 cent.LUNA Crypto Turnaround Plans Heat UpIn the wake of the disaster, users have lots of questions. Most notably, they want to know what happened to the billions of dollars worth of crypto assets in the LFG’s reserve wallet. They also want to know what’s next for the LUNA crypto. Luckily, they are getting at least some answers this week.The LFG, an organization that oversees development of the Terra network, posted a Twitter thread this morningdetailing its reserve balance. This reserve, which cropped up in early 2022 after a separate UST de-pegging, is comprised of billions of dollars in assets. It includes a stash of over 80,000 Bitcoin(BTC-USD). Accumulated for the purpose of deploying in case of emergency, developers seem to have put nearly the entire portfolio into action to little effect.According to this report, the LFG deployed over 99% of its Bitcoin, a stash of 80,394. 46,876 BTC went to a “professional market maker.” This market maker then deployed the Bitcoin on behalf of LFG to buy up UST. The LFG sold another 33,206 Bitcoin to buy even more UST later last week,bringing total BTC reserves to just 313.Thanks to this data, we can see just how many resources the LFG threw at the LUNA crypto. Interestingly enough, the reserve also holds large amounts of Binance(BNB-USD) and Avalanche(AVAX-USD). It did not sell any of these BNB or AVAX holdings.Last week, theprice of AVAX fell steeplyas investors anticipated a dump of the $100 million stash the LFG held.What’s Next for LUNA? Developers Prepare to Reimburse Holders.In the wake of the meltdown, it seems that developers are going to put the most affected LUNA crypto holders at the forefront of the rebuild. The LFG is going to compensate small holders after their investments shrank to nearly $0.Alongside its reserves report, Terra developers say they are working on a plan toredistribute the remaining LFG funds to users, from smallest wallets upward. It does not yet have a detailed plan in the works for how this reimbursement will occur.10/ The Foundation is looking to use its remaining assets to compensate remaining users of$UST, smallest holders first.We are still debating through various distribution methods, updates to follow soon.— LFG | Luna Foundation Guard (@LFG_org)May 16, 2022Moreover, founder Do Kwon revealed plans to rebuild Terra through his“Terra Revival Plan.”This plan includes a massive redistribution of tokens as well as a community pool which will fund further Terra development.It will be interesting to watch the network rebuild from this point forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9067341772,"gmtCreate":1652413096296,"gmtModify":1676535096274,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Okay 👍&nbsp;","listText":"Okay 👍&nbsp;","text":"Okay 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9067341772","repostId":"1132440613","repostType":4,"repost":{"id":"1132440613","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":1652411059,"share":"https://www.laohu8.com/m/news/1132440613?lang=&edition=full","pubTime":"2022-05-13 11:04","market":"us","language":"en","title":"Buy Coinbase and Unity; Sell Sea: Cathie Wood's ARK Invest Trades for 5/12","url":"https://stock-news.laohu8.com/highlight/detail?id=1132440613","media":"Tiger Newspress","summary":"ARK Invest has been the talk of Wall Street over the past couple of years, outperforming the market ","content":"<html><head></head><body><p>ARK Invest has been the talk of Wall Street over the past couple of years, outperforming the market and solidifying its place among the big players in the investments world. Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett.</p><p><b>Cathie Wood&#39;s ARK Invest Buys for 5/12</b></p><p>The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $2.2 billion. Here are some notable purchases in this fund:<b>19,693 shares of Coinbase.</b></p><p>ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $5.1 billion. Here are some notable buys in this fund:<b>52,578 shares of Adaptive Biotechnologies,</b> <b>3,164 shares of</b> <b>Twist Bioscience.</b></p><p>ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $16.2 billion. Here are some notable purchases in this fund:<b>187,462 shares of</b> <b>Coinbase,</b> <b>272,681 shares of Unity Software,</b> <b>3,510 shares of</b> <b>Twist Bioscience.</b></p><p>ARK Autonomous Technology &amp; Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $2.2 billion. Here are some notable purchases in the fund:<b>NO</b> <b>BUYS.</b></p><p>ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $3.8 billion. Here are the notable purchases in the fund:<b>33,636 shares of</b> <b>Coinbase,</b> <b>48,135 shares of</b> <b>Unity Software.</b></p><p>Ark Space Exploration &amp; Innovation ETF (NYSEARCA: ARKX) is focused primarily on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $468.9 million. Notable trades in the fund:<b>10,772 shares of</b> <b>Unity Software.</b></p><p><b>Cathie Wood&#39;s ARK Invest Sells for 5/12</b></p><p>The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $2.2 billion. Here is a notable sale in this fund:<b>23,012 shares of Sea,</b> <b>494,886 shares of Yahoo Japan Corp..</b></p><p>ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $5.1 billion. Here is a notable sale in this fund:<b>52,800 shares of Burning Rock Biotech,</b> <b>111,446 shares of</b> <b>Editas Medicine.</b></p><p>ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $16.2 billion. Here are the notable sales in this fund:<b>434,764 shares of Sea.</b></p><p>ARK Autonomous Technology &amp; Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $2.2 billion. Here are a couple of notable trades in the fund:<b>NO SALES.</b></p><p>ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $3.8 billion. Here are the notable sales in this fund:<b>7,285 shares of Sea,</b> <b>116,812 shares of Nano Dimension.</b></p><p>Ark Space Exploration &amp; Innovation ETF (NYSEARCA: ARKX) is focused primarily on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $468.9 million. A notable sale in this fund:<b>2,279 shares of L3Harris Technologies.</b></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>Buy Coinbase and Unity; Sell Sea: Cathie Wood's ARK Invest Trades for 5/12</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\">\nBuy Coinbase and Unity; Sell Sea: Cathie Wood's ARK Invest Trades for 5/12\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\">2022-05-13 11:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>ARK Invest has been the talk of Wall Street over the past couple of years, outperforming the market and solidifying its place among the big players in the investments world. Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett.</p><p><b>Cathie Wood&#39;s ARK Invest Buys for 5/12</b></p><p>The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $2.2 billion. Here are some notable purchases in this fund:<b>19,693 shares of Coinbase.</b></p><p>ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $5.1 billion. Here are some notable buys in this fund:<b>52,578 shares of Adaptive Biotechnologies,</b> <b>3,164 shares of</b> <b>Twist Bioscience.</b></p><p>ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $16.2 billion. Here are some notable purchases in this fund:<b>187,462 shares of</b> <b>Coinbase,</b> <b>272,681 shares of Unity Software,</b> <b>3,510 shares of</b> <b>Twist Bioscience.</b></p><p>ARK Autonomous Technology &amp; Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $2.2 billion. Here are some notable purchases in the fund:<b>NO</b> <b>BUYS.</b></p><p>ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $3.8 billion. Here are the notable purchases in the fund:<b>33,636 shares of</b> <b>Coinbase,</b> <b>48,135 shares of</b> <b>Unity Software.</b></p><p>Ark Space Exploration &amp; Innovation ETF (NYSEARCA: ARKX) is focused primarily on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $468.9 million. Notable trades in the fund:<b>10,772 shares of</b> <b>Unity Software.</b></p><p><b>Cathie Wood&#39;s ARK Invest Sells for 5/12</b></p><p>The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $2.2 billion. Here is a notable sale in this fund:<b>23,012 shares of Sea,</b> <b>494,886 shares of Yahoo Japan Corp..</b></p><p>ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $5.1 billion. Here is a notable sale in this fund:<b>52,800 shares of Burning Rock Biotech,</b> <b>111,446 shares of</b> <b>Editas Medicine.</b></p><p>ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $16.2 billion. Here are the notable sales in this fund:<b>434,764 shares of Sea.</b></p><p>ARK Autonomous Technology &amp; Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $2.2 billion. Here are a couple of notable trades in the fund:<b>NO SALES.</b></p><p>ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $3.8 billion. Here are the notable sales in this fund:<b>7,285 shares of Sea,</b> <b>116,812 shares of Nano Dimension.</b></p><p>Ark Space Exploration &amp; Innovation ETF (NYSEARCA: ARKX) is focused primarily on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $468.9 million. A notable sale in this fund:<b>2,279 shares of L3Harris Technologies.</b></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EDIT":"Editas Medicine, Inc.","U":"Unity Software Inc.","ARKQ":"ARK Autonomous Technology & Robotics ETF","LHX":"哈里斯公司","SE":"Sea Ltd","ARKW":"ARK Next Generation Internation ETF","ARKF":"ARK Fintech Innovation ETF","BNR":"燃石医学","COIN":"Coinbase Global, Inc.","TWST":"Twist Bioscience Corp","NNDM":"Nano Dimension Ltd.","ARKG":"ARK Genomic Revolution ETF","ADPT":"Adaptive Biotechnologies Corp","ARKK":"ARK Innovation ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132440613","content_text":"ARK Invest has been the talk of Wall Street over the past couple of years, outperforming the market and solidifying its place among the big players in the investments world. Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett.Cathie Wood's ARK Invest Buys for 5/12The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $2.2 billion. Here are some notable purchases in this fund:19,693 shares of Coinbase.ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $5.1 billion. Here are some notable buys in this fund:52,578 shares of Adaptive Biotechnologies, 3,164 shares of Twist Bioscience.ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $16.2 billion. Here are some notable purchases in this fund:187,462 shares of Coinbase, 272,681 shares of Unity Software, 3,510 shares of Twist Bioscience.ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $2.2 billion. Here are some notable purchases in the fund:NO BUYS.ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $3.8 billion. Here are the notable purchases in the fund:33,636 shares of Coinbase, 48,135 shares of Unity Software.Ark Space Exploration & Innovation ETF (NYSEARCA: ARKX) is focused primarily on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $468.9 million. Notable trades in the fund:10,772 shares of Unity Software.Cathie Wood's ARK Invest Sells for 5/12The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $2.2 billion. Here is a notable sale in this fund:23,012 shares of Sea, 494,886 shares of Yahoo Japan Corp..ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $5.1 billion. Here is a notable sale in this fund:52,800 shares of Burning Rock Biotech, 111,446 shares of Editas Medicine.ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $16.2 billion. Here are the notable sales in this fund:434,764 shares of Sea.ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $2.2 billion. Here are a couple of notable trades in the fund:NO SALES.ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $3.8 billion. Here are the notable sales in this fund:7,285 shares of Sea, 116,812 shares of Nano Dimension.Ark Space Exploration & Innovation ETF (NYSEARCA: ARKX) is focused primarily on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $468.9 million. A notable sale in this fund:2,279 shares of L3Harris Technologies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064165745,"gmtCreate":1652306644387,"gmtModify":1676535070855,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064165745","repostId":"2234987948","repostType":4,"repost":{"id":"2234987948","pubTimestamp":1652276916,"share":"https://www.laohu8.com/m/news/2234987948?lang=&edition=full","pubTime":"2022-05-11 21:48","market":"us","language":"en","title":"3 Beaten-Down Growth Stocks Worth Buying on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2234987948","media":"Motley Fool","summary":"These companies are posting growth where it counts and trade at fair valuations.","content":"<html><head></head><body><p>So far, the <b>Nasdaq Composite</b> is the only major index to officially enter a bear market. The Nasdaq is down about 28% from its all-time high, but with many high-profile companies down even more, this market downturn feels much more severe.</p><p>It&#39;s comforting to remember that stocks are not lottery tickets. If you buy a stock, you own a piece of a business. And if that business is growing revenue and profits, the stock is going to go up at some point. That&#39;s why all bear markets have been followed by longer periods of rising stock prices.</p><p>Three widely followed companies just reported better-than-expected revenue results. After falling significantly year-to-date, these stocks could be great buys.</p><p>1. <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></p><p>In <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>&#39;s  fiscal third quarter (which ended March 31), revenue grew 18% year over year, with adjusted earnings up 14%. Both numbers beat the Wall Street consensus.</p><p>Management credited strong demand for cloud services and better-than-expected commercial bookings growth of 28% for the strong results last quarter. Indeed, Microsoft Azure continues to look strong for the software giant. Azure and other cloud services grew 46% year over year, which is notably faster than <b>Amazon</b>, which reported cloud growth of 37% last quarter.</p><p>Microsoft is performing very strong in all segments. LinkedIn&#39;s revenue growth accelerated from 25% in the year-ago quarter to 34%, and Office consumer products and services also accelerated from a 5% rate in the year-ago quarter to 11% this year.</p><p>The stock is down 20% year-to-date. Microsoft&#39;s valuation at the beginning of the year might have been on the high side, but at a current price-to-earnings ratio of 28, it is looking more attractive. With the company posting double-digit revenue and earnings growth, the stock appears fairly valued at these levels and should deliver good returns over the long term.</p><p><img src=\"https://static.tigerbbs.com/1709f3bf6d7d406580544548f5b6a751\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><p>2. <a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a></p><p><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a> has delivered staggering returns over the last few years as it&#39;s taken market share away from <b>Intel</b>&#39;s dominant position. While AMD has been behind the lead of <b>Nvidia</b> in the graphics processing unit (GPU) market, a rising tide in the semiconductor industry has lifted all boats.</p><p>AMD reported results that blasted away Wall Street estimates in the first quarter. Revenue of $5.9 billion beat analyst estimates of $5.01 billion, while adjusted earnings per share of $1.13 demolished estimates of $0.91.</p><p>Excluding the acquisition of Xilinx, AMD&#39;s adjusted revenue was $5.3 billion, representing an increase of 51% year over year. Strong demand for GPUs drove a 33% increase in the computing and graphics segment. But the most impressive performance was from the enterprise, embedded, and semi-custom business, with revenue up 88% over the year-ago quarter.</p><p>AMD reported record EPYC processor sales used in servers and strong demand for <b>Sony</b> and Microsoft&#39;s video game consoles, which are powered by custom AMD processors. For the third consecutive quarter, EPYC processor sales more than doubled, reflecting strong demand from cloud service providers that use high-performance chips to process large data workloads.</p><p>AMD raised full-year guidance and now expects revenue to grow about 60% over 2021. Investors are currently paying only 20 times 2022 earnings estimates for shares, which is incredibly cheap for such a fast-growing business. The addition of Xilinx will extend AMD&#39;s growth opportunity to connected devices and other data-intensive workloads. The company estimates the opportunity at $135 billion.</p><p><img src=\"https://static.tigerbbs.com/4a8e2e92c4e643868fc6c9f530f66286\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><p>3. <a href=\"https://laohu8.com/S/ABNB\">Airbnb</a></p><p><a href=\"https://laohu8.com/S/ABNB\">Airbnb</a> is enjoying tremendous growth after the pandemic slowed travel worldwide. In the first quarter, revenue jumped 70% year over year to $1.5 billion, beating analyst estimates of $1.45 billion. While Airbnb reported a net loss of $19 million, it was enough to slightly surpass expectations.</p><p>The strong start to 2022 continues a string of outstanding quarters over the last year. Airbnb continues to see people visiting non-urban areas close to home, with long-term stays remaining the fastest-growing category. The company also says that people are booking travel destinations further in advance, with lead times surpassing 2019 levels at the end of the first quarter.</p><p>It&#39;s encouraging that Airbnb is experiencing this much pent-up demand even with economic headwinds, such as higher gas prices. Overall, nights and experiences booked on the platform surpassed pre-pandemic levels and crossed the 100 million mark for the first time in the company&#39;s 15-year history.</p><p>Most importantly, Airbnb&#39;s growth is starting to light a fire under profitability -- a good reason to consider buying the stock. Over the last four quarters, free cash flow totaled $2.9 billion. That puts Airbnb&#39;s market cap at just 27 times trailing free cash flow, which is too low for a top travel service that is experiencing this much momentum.</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>3 Beaten-Down Growth Stocks Worth Buying on the 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; 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\">\n3 Beaten-Down Growth Stocks Worth Buying on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-11 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/11/3-beaten-down-growth-stocks-worth-buying/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>So far, the Nasdaq Composite is the only major index to officially enter a bear market. The Nasdaq is down about 28% from its all-time high, but with many high-profile companies down even more, this ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/11/3-beaten-down-growth-stocks-worth-buying/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4516":"特朗普概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4525":"远程办公概念","BK4566":"资本集团","BK4535":"淡马锡持仓","BK4577":"网络游戏","BK4527":"明星科技股","BK4538":"云计算","BK4579":"人工智能","BK4550":"红杉资本持仓","INTC":"英特尔","ABNB":"爱彼迎","BK4141":"半导体产品","BK4503":"景林资产持仓","GFS":"GLOBALFOUNDRIES Inc.","BK4573":"虚拟现实","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4097":"系统软件","BK4581":"高盛持仓","BK4512":"苹果概念","BK4504":"桥水持仓","BK4142":"酒店、度假村与豪华游轮","BK4548":"巴美列捷福持仓","MSFT":"微软","AMD":"美国超微公司","BK4529":"IDC概念","BK4528":"SaaS概念"},"source_url":"https://www.fool.com/investing/2022/05/11/3-beaten-down-growth-stocks-worth-buying/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234987948","content_text":"So far, the Nasdaq Composite is the only major index to officially enter a bear market. The Nasdaq is down about 28% from its all-time high, but with many high-profile companies down even more, this market downturn feels much more severe.It's comforting to remember that stocks are not lottery tickets. If you buy a stock, you own a piece of a business. And if that business is growing revenue and profits, the stock is going to go up at some point. That's why all bear markets have been followed by longer periods of rising stock prices.Three widely followed companies just reported better-than-expected revenue results. After falling significantly year-to-date, these stocks could be great buys.1. MicrosoftIn Microsoft's  fiscal third quarter (which ended March 31), revenue grew 18% year over year, with adjusted earnings up 14%. Both numbers beat the Wall Street consensus.Management credited strong demand for cloud services and better-than-expected commercial bookings growth of 28% for the strong results last quarter. Indeed, Microsoft Azure continues to look strong for the software giant. Azure and other cloud services grew 46% year over year, which is notably faster than Amazon, which reported cloud growth of 37% last quarter.Microsoft is performing very strong in all segments. LinkedIn's revenue growth accelerated from 25% in the year-ago quarter to 34%, and Office consumer products and services also accelerated from a 5% rate in the year-ago quarter to 11% this year.The stock is down 20% year-to-date. Microsoft's valuation at the beginning of the year might have been on the high side, but at a current price-to-earnings ratio of 28, it is looking more attractive. With the company posting double-digit revenue and earnings growth, the stock appears fairly valued at these levels and should deliver good returns over the long term.Image source: Getty Images.2. Advanced Micro DevicesAdvanced Micro Devices has delivered staggering returns over the last few years as it's taken market share away from Intel's dominant position. While AMD has been behind the lead of Nvidia in the graphics processing unit (GPU) market, a rising tide in the semiconductor industry has lifted all boats.AMD reported results that blasted away Wall Street estimates in the first quarter. Revenue of $5.9 billion beat analyst estimates of $5.01 billion, while adjusted earnings per share of $1.13 demolished estimates of $0.91.Excluding the acquisition of Xilinx, AMD's adjusted revenue was $5.3 billion, representing an increase of 51% year over year. Strong demand for GPUs drove a 33% increase in the computing and graphics segment. But the most impressive performance was from the enterprise, embedded, and semi-custom business, with revenue up 88% over the year-ago quarter.AMD reported record EPYC processor sales used in servers and strong demand for Sony and Microsoft's video game consoles, which are powered by custom AMD processors. For the third consecutive quarter, EPYC processor sales more than doubled, reflecting strong demand from cloud service providers that use high-performance chips to process large data workloads.AMD raised full-year guidance and now expects revenue to grow about 60% over 2021. Investors are currently paying only 20 times 2022 earnings estimates for shares, which is incredibly cheap for such a fast-growing business. The addition of Xilinx will extend AMD's growth opportunity to connected devices and other data-intensive workloads. The company estimates the opportunity at $135 billion.Image source: Getty Images.3. AirbnbAirbnb is enjoying tremendous growth after the pandemic slowed travel worldwide. In the first quarter, revenue jumped 70% year over year to $1.5 billion, beating analyst estimates of $1.45 billion. While Airbnb reported a net loss of $19 million, it was enough to slightly surpass expectations.The strong start to 2022 continues a string of outstanding quarters over the last year. Airbnb continues to see people visiting non-urban areas close to home, with long-term stays remaining the fastest-growing category. The company also says that people are booking travel destinations further in advance, with lead times surpassing 2019 levels at the end of the first quarter.It's encouraging that Airbnb is experiencing this much pent-up demand even with economic headwinds, such as higher gas prices. Overall, nights and experiences booked on the platform surpassed pre-pandemic levels and crossed the 100 million mark for the first time in the company's 15-year history.Most importantly, Airbnb's growth is starting to light a fire under profitability -- a good reason to consider buying the stock. Over the last four quarters, free cash flow totaled $2.9 billion. That puts Airbnb's market cap at just 27 times trailing free cash flow, which is too low for a top travel service that is experiencing this much momentum.","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065420249,"gmtCreate":1652228784381,"gmtModify":1676535056356,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065420249","repostId":"2234064478","repostType":4,"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065465702,"gmtCreate":1652228690906,"gmtModify":1676535056298,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065465702","repostId":"2234064478","repostType":4,"repost":{"id":"2234064478","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":1652224880,"share":"https://www.laohu8.com/m/news/2234064478?lang=&edition=full","pubTime":"2022-05-11 07:21","market":"us","language":"en","title":"S&P 500, Nasdaq End Higher in Choppy Session as Inflation Data Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=2234064478","media":"Reuters","summary":"* All eyes on U.S. CPI data on Wednesday* Peloton falls as CEO says business \"thinly capitalized\"* I","content":"<html><head></head><body><p>* All eyes on U.S. CPI data on Wednesday</p><p>* Peloton falls as CEO says business &#34;thinly capitalized&#34;</p><p>* Indexes: Dow down 0.3%, S&amp;P 500 up 0.3%, Nasdaq up 1%</p><p>NEW YORK, May 10 (Reuters) - The S&amp;P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day&#39;s selloff as Treasury yields tumbled.</p><p>Bank shares fell along with yields. The benchmark 10-year note yield dropped from more than a three-year high to below 3%.</p><p>The Dow also ended lower, and the day&#39;s trading was choppy, with major indexes moving between gains and losses as investors were nervous ahead of the release of Wednesday&#39;s U.S. consumer price index data and Thursday&#39;s producer prices data.</p><p>Investors will be looking for signs that inflation is peaking.</p><p>Worries that the U.S. Federal Reserve may have to move more aggressively to curb inflation have driven the recent selloff in the market. A host of other concerns have added to the pressure.</p><p>&#34;It&#39;s just fear-based selling,&#34; said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.</p><p>&#34;It can&#39;t just be the Fed&#39;s going to raise rates to stave off inflation, because we&#39;ve seen that before,&#34; he said. Instead, investors have been worried about everything from rates and inflation to the war in Ukraine, supply chain problems and China&#39;s COVID-19 lockdowns, Dollarhide said.</p><p>Shares of Apple Inc rose 1.6% and gave the S&amp;P 500 and Nasdaq their biggest boosts.</p><p>The Dow Jones Industrial Average fell 84.96 points, or 0.26%, to 32,160.74, the S&amp;P 500 gained 9.81 points, or 0.25%, to 4,001.05 and the Nasdaq Composite added 114.42 points, or 0.98%, to 11,737.67.</p><p>Technology and growth stocks, whose valuations rely more heavily on future cash flows, have been among the hardest hit in the recent selloff. The Nasdaq is down about 25% for the year so far.</p><p>S&amp;P 500 technology rose 1.6% on the day and led S&amp;P 500 sector gains. The S&amp;P 500 growth index was up 0.9%, while the S&amp;P 500 value index was down 0.4%.</p><p>Investors digested comments from Cleveland Fed President Loretta Mester, who said the U.S. economy will experience turbulence from the Fed&#39;s efforts to bring down inflation running at more than three times above its goal and recent volatility in the stock market would not deter policymakers.</p><p>U.S. President Joe Biden in a speech Tuesday addressing high inflation said he was considering eliminating Trump-era tariffs on China as a way to lower prices for goods in the United States.</p><p>Among the day&#39;s gainers, Pfizer Inc shares rose 1.7% after it said it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co. Biohaven shares jumped 68.4%.</p><p>On the down side, Peloton Interactive Inc dropped 8.7% as the fitness equipment maker warned the business was &#34;thinly capitalized&#34; after it posted a 23.6% slide in quarterly revenue.</p><p>Volume on U.S. exchanges was 15.45 billion shares, compared with the 12.55 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.36-to-1 ratio; on Nasdaq, a 1.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 63 new lows; the Nasdaq Composite recorded 19 new highs and 1,066 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 End Higher in Choppy Session as Inflation Data Looms</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 End Higher in Choppy Session as Inflation Data Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-11 07:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* All eyes on U.S. CPI data on Wednesday</p><p>* Peloton falls as CEO says business &#34;thinly capitalized&#34;</p><p>* Indexes: Dow down 0.3%, S&amp;P 500 up 0.3%, Nasdaq up 1%</p><p>NEW YORK, May 10 (Reuters) - The S&amp;P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day&#39;s selloff as Treasury yields tumbled.</p><p>Bank shares fell along with yields. The benchmark 10-year note yield dropped from more than a three-year high to below 3%.</p><p>The Dow also ended lower, and the day&#39;s trading was choppy, with major indexes moving between gains and losses as investors were nervous ahead of the release of Wednesday&#39;s U.S. consumer price index data and Thursday&#39;s producer prices data.</p><p>Investors will be looking for signs that inflation is peaking.</p><p>Worries that the U.S. Federal Reserve may have to move more aggressively to curb inflation have driven the recent selloff in the market. A host of other concerns have added to the pressure.</p><p>&#34;It&#39;s just fear-based selling,&#34; said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.</p><p>&#34;It can&#39;t just be the Fed&#39;s going to raise rates to stave off inflation, because we&#39;ve seen that before,&#34; he said. Instead, investors have been worried about everything from rates and inflation to the war in Ukraine, supply chain problems and China&#39;s COVID-19 lockdowns, Dollarhide said.</p><p>Shares of Apple Inc rose 1.6% and gave the S&amp;P 500 and Nasdaq their biggest boosts.</p><p>The Dow Jones Industrial Average fell 84.96 points, or 0.26%, to 32,160.74, the S&amp;P 500 gained 9.81 points, or 0.25%, to 4,001.05 and the Nasdaq Composite added 114.42 points, or 0.98%, to 11,737.67.</p><p>Technology and growth stocks, whose valuations rely more heavily on future cash flows, have been among the hardest hit in the recent selloff. The Nasdaq is down about 25% for the year so far.</p><p>S&amp;P 500 technology rose 1.6% on the day and led S&amp;P 500 sector gains. The S&amp;P 500 growth index was up 0.9%, while the S&amp;P 500 value index was down 0.4%.</p><p>Investors digested comments from Cleveland Fed President Loretta Mester, who said the U.S. economy will experience turbulence from the Fed&#39;s efforts to bring down inflation running at more than three times above its goal and recent volatility in the stock market would not deter policymakers.</p><p>U.S. President Joe Biden in a speech Tuesday addressing high inflation said he was considering eliminating Trump-era tariffs on China as a way to lower prices for goods in the United States.</p><p>Among the day&#39;s gainers, Pfizer Inc shares rose 1.7% after it said it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co. Biohaven shares jumped 68.4%.</p><p>On the down side, Peloton Interactive Inc dropped 8.7% as the fitness equipment maker warned the business was &#34;thinly capitalized&#34; after it posted a 23.6% slide in quarterly revenue.</p><p>Volume on U.S. exchanges was 15.45 billion shares, compared with the 12.55 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.36-to-1 ratio; on Nasdaq, a 1.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 63 new lows; the Nasdaq Composite recorded 19 new highs and 1,066 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","AAPL":"苹果","PTON":"Peloton Interactive, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234064478","content_text":"* All eyes on U.S. CPI data on Wednesday* Peloton falls as CEO says business \"thinly capitalized\"* Indexes: Dow down 0.3%, S&P 500 up 0.3%, Nasdaq up 1%NEW YORK, May 10 (Reuters) - The S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day's selloff as Treasury yields tumbled.Bank shares fell along with yields. The benchmark 10-year note yield dropped from more than a three-year high to below 3%.The Dow also ended lower, and the day's trading was choppy, with major indexes moving between gains and losses as investors were nervous ahead of the release of Wednesday's U.S. consumer price index data and Thursday's producer prices data.Investors will be looking for signs that inflation is peaking.Worries that the U.S. Federal Reserve may have to move more aggressively to curb inflation have driven the recent selloff in the market. A host of other concerns have added to the pressure.\"It's just fear-based selling,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.\"It can't just be the Fed's going to raise rates to stave off inflation, because we've seen that before,\" he said. Instead, investors have been worried about everything from rates and inflation to the war in Ukraine, supply chain problems and China's COVID-19 lockdowns, Dollarhide said.Shares of Apple Inc rose 1.6% and gave the S&P 500 and Nasdaq their biggest boosts.The Dow Jones Industrial Average fell 84.96 points, or 0.26%, to 32,160.74, the S&P 500 gained 9.81 points, or 0.25%, to 4,001.05 and the Nasdaq Composite added 114.42 points, or 0.98%, to 11,737.67.Technology and growth stocks, whose valuations rely more heavily on future cash flows, have been among the hardest hit in the recent selloff. The Nasdaq is down about 25% for the year so far.S&P 500 technology rose 1.6% on the day and led S&P 500 sector gains. The S&P 500 growth index was up 0.9%, while the S&P 500 value index was down 0.4%.Investors digested comments from Cleveland Fed President Loretta Mester, who said the U.S. economy will experience turbulence from the Fed's efforts to bring down inflation running at more than three times above its goal and recent volatility in the stock market would not deter policymakers.U.S. President Joe Biden in a speech Tuesday addressing high inflation said he was considering eliminating Trump-era tariffs on China as a way to lower prices for goods in the United States.Among the day's gainers, Pfizer Inc shares rose 1.7% after it said it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co. Biohaven shares jumped 68.4%.On the down side, Peloton Interactive Inc dropped 8.7% as the fitness equipment maker warned the business was \"thinly capitalized\" after it posted a 23.6% slide in quarterly revenue.Volume on U.S. exchanges was 15.45 billion shares, compared with the 12.55 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.36-to-1 ratio; on Nasdaq, a 1.34-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 63 new lows; the Nasdaq Composite recorded 19 new highs and 1,066 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062588275,"gmtCreate":1652080319297,"gmtModify":1676535025768,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062588275","repostId":"2233326561","repostType":4,"repost":{"id":"2233326561","pubTimestamp":1652053839,"share":"https://www.laohu8.com/m/news/2233326561?lang=&edition=full","pubTime":"2022-05-09 07:50","market":"us","language":"en","title":"Nasdaq Bear Market: 3 Jaw-Dropping Growth Stocks You'll Regret Not Buying on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2233326561","media":"Motley Fool","summary":"These fast-paced stocks are screaming buys following a peak decline of 24% in the Nasdaq.","content":"<html><head></head><body><p>It&#39;s been an incredibly rough start to 2022 for Wall Street and investors. After hitting all-time closing highs during the first week of January, the widely followed <b>S&amp;P 500</b> and iconic <b>Dow Jones Industrial Average</b> have both retracted by more than 10%, thereby hitting official correction territory.</p><p>It&#39;s been an even tougher go for the technology-focused <b>Nasdaq Composite</b>. Last week, the index dropped as much as 24% below its November 2021 high. This places the high-flying Nasdaq in a bear market.</p><p>Although big declines in the stock market can tug on investors&#39; emotions, history is pretty clear that buying stocks during corrections and bear markets is an incredibly smart move. Over time, all notable declines in the major indexes, including the Nasdaq Composite, are eventually wiped away by a bull-market rally.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bfa6ff2b91c8f20bca964751a738928f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><p>With the Nasdaq falling into a bear market, it&#39;s the perfect time for opportunistic investors to go on the offensive. What follows are three jaw-dropping growth stocks you&#39;ll regret not buying on the dip.</p><h2>CrowdStrike Holdings</h2><p>The first incredible growth stock you&#39;ll be kicking yourself over if you don&#39;t buy soon is cybersecurity company <b>CrowdStrike Holdings</b>. Shares of the company have tumbled 33% since hitting their all-time high.</p><p>The obvious worry at the moment for fast-paced companies is that historically high inflation, and the Federal Reserve raising rates to stamp out that inflation, will send the U.S. economy into a recession. That would be generally bad news, at least in the short run, for cyclical businesses.</p><p>However, cybersecurity isn&#39;t a cyclical business. Over the past two decades, it&#39;s evolved into a basic necessity that businesses of all sizes rely on. No matter how well or poorly the U.S. economy or stock market are performing, hackers and robots don&#39;t take days off from trying to steal consumer and enterprise data. As more businesses shifted their data online and into the cloud during the pandemic, third-party providers like CrowdStrike have seen demand soar.</p><p>What makes CrowdStrike tick is the company&#39;s Falcon security platform. Falcon was built entirely in the cloud and is guided by artificial intelligence. These factors -- which help it to oversee about 1 trillion events daily -- allow Falcon to quickly assess and respond to potential threats. While CrowdStrike isn&#39;t the cheapest option in end-user security, its gross retention rate of 98% suggests it&#39;s one of the best and well worth the cost.</p><p>CrowdStrike&#39;s operating results demonstrate that it&#39;s had no issue attracting new customers. Over the past five years, CrowdStrike&#39;s subscribing customer count has averaged annual growth of 105% (450 to 16,325).</p><p>But what&#39;s far more impressive is how successful it&#39;s been at getting existing clients to spend more. Over the past 16 quarters (four full years), CrowdStrike&#39;s dollar-based retention rates haven&#39;t dipped below 120%. Put another way, each year&#39;s existing customers are spending at least 20% more in the following year. Moreover, the percentage of clients that purchase four or more cloud-module subscriptions has grown from 9% to 69% in five years.</p><p>CrowdStrike has all the attributes of a company that can continue to blow Wall Street&#39;s loftiest expectations out of the water.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a38605bee8e62f3e8aa414fa24278e7e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Novavax</h2><p>A second jaw-dropping growth stock you&#39;ll regret not picking up on the dip is biotech stock <b>Novavax</b>. If you think CrowdStrike has had it rough, shares of Novavax are lower by nearly 80% relative to their 52-week high.</p><p>The big concern Wall Street has with Novavax is the delayed rollout of its COVID-19 vaccine, NVX-CoV2373.</p><p>Last year, Novavax completed two large-scale studies involving its vaccine, which demonstrated respective efficacy of 89.7% (U.K. study) and 90.4% (U.S. and Mexico trial). It also reported an 80% vaccine efficacy in teens earlier this year. NVX-CoV2373 is one of only three COVID-19 vaccines to hit the 90% efficacy threshold in any late-stage study. That would, presumably, give it a good shot at becoming a key player in initial inoculations and booster shots.</p><p>However, Novavax delayed its emergency-use authorization (EUA) filings until the latter part of 2021 in many developed markets, and has somewhat struggled to ramp up production to meet orders. These short-term concerns have weighed heavily on its share price.</p><p>The good news is that Novavax fully expects $4 billion to $5 billion in sales this year. This suggests it&#39;ll have no trouble meeting its vaccine production obligations. Even with some developed countries returning to some semblance of normal, the global pandemic is still ongoing, and mutations of the SARS-CoV-2 virus give NVX-CoV2373 plenty of runway as a booster option.</p><p>What&#39;s more, a U.S. Food and Drug Administration&#39;s advisory committee plans to review Novavax&#39;s vaccine on June 7, 2022, which could lead to a possible EUA. Even though most Americans who wanted a COVID-19 vaccine have received one, Novavax can still play a key role in adult booster shots and perhaps initial inoculations for teens.</p><p>The company also has an opportunity to become a leader in combination vaccines, such as those aimed at both influenza and COVID-19. Whereas Novavax trailed other drugmakers to market with its COVID-19 vaccine, it could be one of the first to market with a combination vaccine.</p><p>Novavax can be purchased for less than 3 times Wall Street&#39;s forecast earnings for 2022, and is sitting on roughly $1 billion in net cash. It&#39;s one heck of a bargain.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b9639bb0d427809903d52e39b175879\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</h2><p>A third and final jaw-dropping growth stock you&#39;ll regret not buying on the dip is fintech giant <b>PayPal Holdings</b>. Shares of PayPal have collapsed 71% in less than 10 months.</p><p>PayPal&#39;s issues tend to mirror those I described with CrowdStrike. The difference is that PayPal <i>is</i> cyclical and not a basic-necessity business, and could therefore feel the pinch of higher inflation and reduced spending -- especially among lower-income consumers. Historically high inflation and an uncertain economic outlook have coerced PayPal to lower its earnings forecast three times over the past year.</p><p>Yet even with these near-term negatives, many of PayPal&#39;s key performance indicators are moving in the right direction. Although net new account (NNA) growth slowed, the company still increased its NNAs by 2.4 million in the first quarter. Keep in mind that first-quarter U.S. gross domestic product came in at <i>negative</i> 1.4%, but PayPal still grew its digital user base.</p><p>Total payment volume is also slated to increase by a double-digit percentage at a time when consumers are taking it on the chin. Even PayPal&#39;s reduced forecast calls for more than $1.4 trillion in TPV in 2022, with aggregate growth of 11% to 13% over 2021. If that&#39;s a bad year for PayPal, I can&#39;t wait to see what happens when economic activity normalizes in a couple of quarters.</p><p>Perhaps most exciting is the fact that PayPal&#39;s active counts are relying on digital payments to a greater degree with each passing quarter. In 2020, active users averaged 40.9 transactions on a trailing-12-month (TTM) basis. But in the most recently ended quarter, PayPal noted 47 transactions per active user on a TTM basis. This statistic above all others suggests that PayPal is on the right track, and that this latest pullback in its shares is a monster opportunity to buy.</p><p>Keeping in mind that Wall Street&#39;s earnings forecast for the company remains fluid, shares can be gobbled up right now for 18 times forward-year earnings. Simply put, this fintech juggernaut has never been cheaper.</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>Nasdaq Bear Market: 3 Jaw-Dropping Growth Stocks You'll Regret Not Buying on the 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; 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\">\nNasdaq Bear Market: 3 Jaw-Dropping Growth Stocks You'll Regret Not Buying on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-09 07:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/07/nasdaq-bear-market-3-growth-stocks-regret-not-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's been an incredibly rough start to 2022 for Wall Street and investors. After hitting all-time closing highs during the first week of January, the widely followed S&P 500 and iconic Dow Jones ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/07/nasdaq-bear-market-3-growth-stocks-regret-not-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4568":"美国抗疫概念","BK4551":"寇图资本持仓","BK4581":"高盛持仓","CRWD":"CrowdStrike Holdings, Inc.","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","PYPL":"PayPal","BK4106":"数据处理与外包服务","BK4554":"元宇宙及AR概念","TTM":"塔塔汽车","NVAX":"诺瓦瓦克斯医药","BK4534":"瑞士信贷持仓","BK4523":"印度概念","BK4139":"生物科技","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团"},"source_url":"https://www.fool.com/investing/2022/05/07/nasdaq-bear-market-3-growth-stocks-regret-not-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2233326561","content_text":"It's been an incredibly rough start to 2022 for Wall Street and investors. After hitting all-time closing highs during the first week of January, the widely followed S&P 500 and iconic Dow Jones Industrial Average have both retracted by more than 10%, thereby hitting official correction territory.It's been an even tougher go for the technology-focused Nasdaq Composite. Last week, the index dropped as much as 24% below its November 2021 high. This places the high-flying Nasdaq in a bear market.Although big declines in the stock market can tug on investors' emotions, history is pretty clear that buying stocks during corrections and bear markets is an incredibly smart move. Over time, all notable declines in the major indexes, including the Nasdaq Composite, are eventually wiped away by a bull-market rally.Image source: Getty Images.With the Nasdaq falling into a bear market, it's the perfect time for opportunistic investors to go on the offensive. What follows are three jaw-dropping growth stocks you'll regret not buying on the dip.CrowdStrike HoldingsThe first incredible growth stock you'll be kicking yourself over if you don't buy soon is cybersecurity company CrowdStrike Holdings. Shares of the company have tumbled 33% since hitting their all-time high.The obvious worry at the moment for fast-paced companies is that historically high inflation, and the Federal Reserve raising rates to stamp out that inflation, will send the U.S. economy into a recession. That would be generally bad news, at least in the short run, for cyclical businesses.However, cybersecurity isn't a cyclical business. Over the past two decades, it's evolved into a basic necessity that businesses of all sizes rely on. No matter how well or poorly the U.S. economy or stock market are performing, hackers and robots don't take days off from trying to steal consumer and enterprise data. As more businesses shifted their data online and into the cloud during the pandemic, third-party providers like CrowdStrike have seen demand soar.What makes CrowdStrike tick is the company's Falcon security platform. Falcon was built entirely in the cloud and is guided by artificial intelligence. These factors -- which help it to oversee about 1 trillion events daily -- allow Falcon to quickly assess and respond to potential threats. While CrowdStrike isn't the cheapest option in end-user security, its gross retention rate of 98% suggests it's one of the best and well worth the cost.CrowdStrike's operating results demonstrate that it's had no issue attracting new customers. Over the past five years, CrowdStrike's subscribing customer count has averaged annual growth of 105% (450 to 16,325).But what's far more impressive is how successful it's been at getting existing clients to spend more. Over the past 16 quarters (four full years), CrowdStrike's dollar-based retention rates haven't dipped below 120%. Put another way, each year's existing customers are spending at least 20% more in the following year. Moreover, the percentage of clients that purchase four or more cloud-module subscriptions has grown from 9% to 69% in five years.CrowdStrike has all the attributes of a company that can continue to blow Wall Street's loftiest expectations out of the water.Image source: Getty Images.NovavaxA second jaw-dropping growth stock you'll regret not picking up on the dip is biotech stock Novavax. If you think CrowdStrike has had it rough, shares of Novavax are lower by nearly 80% relative to their 52-week high.The big concern Wall Street has with Novavax is the delayed rollout of its COVID-19 vaccine, NVX-CoV2373.Last year, Novavax completed two large-scale studies involving its vaccine, which demonstrated respective efficacy of 89.7% (U.K. study) and 90.4% (U.S. and Mexico trial). It also reported an 80% vaccine efficacy in teens earlier this year. NVX-CoV2373 is one of only three COVID-19 vaccines to hit the 90% efficacy threshold in any late-stage study. That would, presumably, give it a good shot at becoming a key player in initial inoculations and booster shots.However, Novavax delayed its emergency-use authorization (EUA) filings until the latter part of 2021 in many developed markets, and has somewhat struggled to ramp up production to meet orders. These short-term concerns have weighed heavily on its share price.The good news is that Novavax fully expects $4 billion to $5 billion in sales this year. This suggests it'll have no trouble meeting its vaccine production obligations. Even with some developed countries returning to some semblance of normal, the global pandemic is still ongoing, and mutations of the SARS-CoV-2 virus give NVX-CoV2373 plenty of runway as a booster option.What's more, a U.S. Food and Drug Administration's advisory committee plans to review Novavax's vaccine on June 7, 2022, which could lead to a possible EUA. Even though most Americans who wanted a COVID-19 vaccine have received one, Novavax can still play a key role in adult booster shots and perhaps initial inoculations for teens.The company also has an opportunity to become a leader in combination vaccines, such as those aimed at both influenza and COVID-19. Whereas Novavax trailed other drugmakers to market with its COVID-19 vaccine, it could be one of the first to market with a combination vaccine.Novavax can be purchased for less than 3 times Wall Street's forecast earnings for 2022, and is sitting on roughly $1 billion in net cash. It's one heck of a bargain.Image source: Getty Images.PayPal HoldingsA third and final jaw-dropping growth stock you'll regret not buying on the dip is fintech giant PayPal Holdings. Shares of PayPal have collapsed 71% in less than 10 months.PayPal's issues tend to mirror those I described with CrowdStrike. The difference is that PayPal is cyclical and not a basic-necessity business, and could therefore feel the pinch of higher inflation and reduced spending -- especially among lower-income consumers. Historically high inflation and an uncertain economic outlook have coerced PayPal to lower its earnings forecast three times over the past year.Yet even with these near-term negatives, many of PayPal's key performance indicators are moving in the right direction. Although net new account (NNA) growth slowed, the company still increased its NNAs by 2.4 million in the first quarter. Keep in mind that first-quarter U.S. gross domestic product came in at negative 1.4%, but PayPal still grew its digital user base.Total payment volume is also slated to increase by a double-digit percentage at a time when consumers are taking it on the chin. Even PayPal's reduced forecast calls for more than $1.4 trillion in TPV in 2022, with aggregate growth of 11% to 13% over 2021. If that's a bad year for PayPal, I can't wait to see what happens when economic activity normalizes in a couple of quarters.Perhaps most exciting is the fact that PayPal's active counts are relying on digital payments to a greater degree with each passing quarter. In 2020, active users averaged 40.9 transactions on a trailing-12-month (TTM) basis. But in the most recently ended quarter, PayPal noted 47 transactions per active user on a TTM basis. This statistic above all others suggests that PayPal is on the right track, and that this latest pullback in its shares is a monster opportunity to buy.Keeping in mind that Wall Street's earnings forecast for the company remains fluid, shares can be gobbled up right now for 18 times forward-year earnings. Simply put, this fintech juggernaut has never been cheaper.","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062383586,"gmtCreate":1652004183645,"gmtModify":1676535012505,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"P","listText":"P","text":"P","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062383586","repostId":"1131831539","repostType":4,"repost":{"id":"1131831539","pubTimestamp":1651980653,"share":"https://www.laohu8.com/m/news/1131831539?lang=&edition=full","pubTime":"2022-05-08 11:30","market":"us","language":"en","title":"Tesla: Overvalued By 85.26% And Not A Technology Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1131831539","media":"Seeking Alpha","summary":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successfu","content":"<html><head></head><body><p>Summary</p><ul><li>Make no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.</li><li>Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn&#39;t mean Tesla&#39;s stock is a good investment today.</li><li>100% of gross profit and net income is generated from the automotive sector as Tesla&#39;s other businesses lose money, making them an automobile manufacturing company, not a technology company.</li><li>I compared Tesla&#39;s metrics to the auto industry and big tech and the results are the same, Tesla&#39;s valuation is egregious.</li></ul><p>It&#39;s rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.&#39;s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA&#39;s financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA&#39;s stock.</p><p>I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn&#39;t have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren&#39;t enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.</p><p>Just because TSLA is a great company, it doesn&#39;t mean TSLA has a great stock, or it isn&#39;t overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.</p><p><b>Tesla Vs. The World In The Automotive Sector</b></p><p>It feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it&#39;s their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let&#39;s look at the raw numbers.</p><p>TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA&#39;s market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.</p><p><img src=\"https://static.tigerbbs.com/ff930d2442bf282c1bd880cca408eb94\" tg-width=\"640\" tg-height=\"327\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo</p><p>The P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.</p><p><img src=\"https://static.tigerbbs.com/c9b9661fde232925a758c38fd2e93f36\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>As a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.</p><p><img src=\"https://static.tigerbbs.com/d25806eb839eb9ca2b4ef3c24218048c\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>TSLA is a great company, but its current valuation has become overly inflated. TSLA&#39;s market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.</p><p><img src=\"https://static.tigerbbs.com/a1b686de4009ca733ff9651ce0d9fcaf\" tg-width=\"640\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Looking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA&#39;s market cap reflects a level of dominance that is non-existent.</p><p>Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It&#39;s just math. TSLA doesn&#39;t have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.</p><p><img src=\"https://static.tigerbbs.com/442ffe151dd83bc524785857925f9797\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>www.goodcarbadcar.net</p><p><b>Tesla Isn&#39;t A Technology Company And Shouldn&#39;t Be Valued As One</b></p><p>The valuation rebuttal has always been that TSLA isn&#39;t an automobile company, rather, it&#39;s a technology company.</p><p><img src=\"https://static.tigerbbs.com/bbc9ccb2cb8a0e7d40804db24e183214\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Page 23 ofTSLA&#39;s Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA&#39;s gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn&#39;t even factor in operating expenses.</p><p>TSLA manufacturers state of the art automobiles, but this doesn&#39;t classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.</p><p>Prior to the comparisons, I want to frame the analysis by providing each company&#39;s market cap:</p><ul><li>AAPL $2.69 Trillion</li><li>MSFT $2.17 Trillion</li><li>GOOGL $1.62 Trillion</li><li>AMZN $1.28 Trillion</li><li>TSLA $986.92 Billion</li><li>FB $604.62 Billion</li></ul><p>I am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.</p><p>This is absolutely remarkable, but it doesn&#39;t place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that&#39;s $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN&#39;s market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn&#39;t support the valuation.</p><p><img src=\"https://static.tigerbbs.com/3c0fbd4eb93f026c4575ee8f77f53e4b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Next, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn&#39;t support the valuation when FB has a market cap that&#39;s $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.</p><p><img src=\"https://static.tigerbbs.com/c9716477607711ee0b6d4f77eb24c890\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>The new metric bulls are using in their thesis is TSLA&#39;s free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.</p><p>Let&#39;s look at FB once again, since TSLA&#39;s valuation isn&#39;t based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA&#39;s growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that&#39;s almost $400 billion less than TSLA. Growth within the financials does not support TSLA&#39;s valuation, which is a breath away from $1 trillion.</p><p><img src=\"https://static.tigerbbs.com/902a7074eda9e8f2f2765e0833423d2c\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Today you&#39;re paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that&#39;s growing its earnings quickly is normal, but TSLA isn&#39;t growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA&#39;s growth factor, but this doesn&#39;t hold up when FB has grown by larger amounts from larger starting positions and has a P/E that&#39;s a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.</p><p><img src=\"https://static.tigerbbs.com/75168f6e39ced721cf0c53d78481a983\" tg-width=\"614\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN&#39;s revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN&#39;s grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN&#39;s.</p><p><img src=\"https://static.tigerbbs.com/aad00a6c490808962705a1a2dae45cfe\" tg-width=\"608\" tg-height=\"338\" referrerpolicy=\"no-referrer\"/>TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it&#39;s been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.</p><p>Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company&#39;s FCF. Today, you&#39;re paying 142.52x TSLA&#39;s FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.</p><p>Why on earth would you want to pay 142.52x for TSLA&#39;s FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.</p><p>So what is a fair price to FCF multiple for TSLA? I don&#39;t believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.</p><p>I don&#39;t want to be overly bearish, so I will place a 21x multiple on TSLA&#39;s FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA&#39;s FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It&#39;s just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.</p><p>At the very least, there isn&#39;t a single reason why TSLA&#39;s market cap is larger than FB&#39;s. There isn&#39;t a single metric that TSLA beats FB in. Based on FB&#39;s valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.</p><p><img src=\"https://static.tigerbbs.com/b81a61d60d9ec098276569cc4a501da0\" tg-width=\"627\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/>TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).</p><p>The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL&#39;s. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.</p><p><b>TSLA&#39;s Future Catalysts Have A Long Way To Go Before Impacting Its Bottom Line</b></p><p>There are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it&#39;s only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.</p><p>TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.</p><p>We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance&#39;s $1 billion revenue mark is a long way away.</p><p><img src=\"https://static.tigerbbs.com/e86de6232b9abf7cee46a9607eb09741\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Next,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn&#39;t make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA&#39;s FSD isn&#39;t leaps and bounds ahead of the competition, the problem is that it&#39;s not exactly a self-driving car.</p><p>The questions around legality and where you can use it pop into my head, and how many of TSLA&#39;s drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.</p><p>Which Features Come With My Subscription?</p><blockquote>The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.</blockquote><blockquote><i>Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.</i></blockquote><p>The last catalyst is Robotaxis which many have commented on in my articles before. We&#39;re so far off on Robotaxis that this can&#39;t be considered in TSLA&#39;s upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.</p><p>Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don&#39;t want other people that I don&#39;t know in my car. I would think there are many others that have similar viewpoints.</p><p>The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA&#39;s growth rate become significantly reduced as more luxury operators put EVs on the road.</p><p>At TSLA&#39;s current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA&#39;s growth across any of the sectors isn&#39;t larger than FB or GOOGL?</p><p><b>Tesla Continues To Dilute Shareholders, And Almost No Shareholders Care</b></p><p>Dilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can&#39;t buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.</p><p>This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder&#39;s ownership and the amount of equity, revenue, and EPS our shares represent.</p><p>If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.</p><p><b>I Could Be Completely Wrong, And Tesla Could Continue Growing At These Rates</b></p><p>TSLA&#39;s vehicle deliveries continue to outpace its growing production. YoY TSLA&#39;s deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA&#39;s Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn&#39;t just focusing on the U.S, they have Europe and China in their sights.</p><p>EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).</p><p>Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.</p><p>The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA&#39;s dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.</p><p>Bulls aren&#39;t incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA&#39;s future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.</p><p>The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA&#39;s current 13.51% profit margin, if they achieved TM&#39;s level of revenue, they would generate $30.59 billion of net income, which would definitely make today&#39;s valuation look more realistic.</p><p><img src=\"https://static.tigerbbs.com/93c9176fa9bebc2c940e038cafd23229\" tg-width=\"603\" tg-height=\"631\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p><b>Conclusion</b></p><p>You&#39;re probably wondering how I can be a shareholder and be a bear on TSLA&#39;s valuation at the same time. It&#39;s simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.</p><p>Keep in mind a company and a company&#39;s stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it&#39;s FB or GOOGL. TSLA is not a technology company; it&#39;s an automobile company, as the automotive segments drive 100% of its gross revenue and net income.</p><p>TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA&#39;s $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.</p><p>With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it&#39;s hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Overvalued By 85.26% And Not A Technology Company</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\">\nTesla: Overvalued By 85.26% And Not A Technology Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131831539","content_text":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn't mean Tesla's stock is a good investment today.100% of gross profit and net income is generated from the automotive sector as Tesla's other businesses lose money, making them an automobile manufacturing company, not a technology company.I compared Tesla's metrics to the auto industry and big tech and the results are the same, Tesla's valuation is egregious.It's rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.'s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA's financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA's stock.I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn't have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren't enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.Just because TSLA is a great company, it doesn't mean TSLA has a great stock, or it isn't overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.Tesla Vs. The World In The Automotive SectorIt feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it's their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let's look at the raw numbers.TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA's market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.Steven FiorilloThe P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.Steven Fiorillo, Seeking AlphaAs a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.Steven Fiorillo, Seeking AlphaTSLA is a great company, but its current valuation has become overly inflated. TSLA's market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.Steven Fiorillo, Seeking AlphaLooking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA's market cap reflects a level of dominance that is non-existent.Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It's just math. TSLA doesn't have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.www.goodcarbadcar.netTesla Isn't A Technology Company And Shouldn't Be Valued As OneThe valuation rebuttal has always been that TSLA isn't an automobile company, rather, it's a technology company.TeslaPage 23 ofTSLA's Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA's gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn't even factor in operating expenses.TSLA manufacturers state of the art automobiles, but this doesn't classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.Prior to the comparisons, I want to frame the analysis by providing each company's market cap:AAPL $2.69 TrillionMSFT $2.17 TrillionGOOGL $1.62 TrillionAMZN $1.28 TrillionTSLA $986.92 BillionFB $604.62 BillionI am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.This is absolutely remarkable, but it doesn't place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that's $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN's market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn't support the valuation.Steven Fiorillo, Seeking AlphaNext, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn't support the valuation when FB has a market cap that's $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.Steven Fiorillo, Seeking AlphaThe new metric bulls are using in their thesis is TSLA's free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.Let's look at FB once again, since TSLA's valuation isn't based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA's growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that's almost $400 billion less than TSLA. Growth within the financials does not support TSLA's valuation, which is a breath away from $1 trillion.Steven Fiorillo, Seeking AlphaToday you're paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that's growing its earnings quickly is normal, but TSLA isn't growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA's growth factor, but this doesn't hold up when FB has grown by larger amounts from larger starting positions and has a P/E that's a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN's revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN's grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN's.TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it's been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company's FCF. Today, you're paying 142.52x TSLA's FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.Why on earth would you want to pay 142.52x for TSLA's FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.So what is a fair price to FCF multiple for TSLA? I don't believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.I don't want to be overly bearish, so I will place a 21x multiple on TSLA's FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA's FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It's just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.At the very least, there isn't a single reason why TSLA's market cap is larger than FB's. There isn't a single metric that TSLA beats FB in. Based on FB's valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL's. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.TSLA's Future Catalysts Have A Long Way To Go Before Impacting Its Bottom LineThere are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it's only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance's $1 billion revenue mark is a long way away.TeslaNext,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn't make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA's FSD isn't leaps and bounds ahead of the competition, the problem is that it's not exactly a self-driving car.The questions around legality and where you can use it pop into my head, and how many of TSLA's drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.Which Features Come With My Subscription?The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.The last catalyst is Robotaxis which many have commented on in my articles before. We're so far off on Robotaxis that this can't be considered in TSLA's upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don't want other people that I don't know in my car. I would think there are many others that have similar viewpoints.The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA's growth rate become significantly reduced as more luxury operators put EVs on the road.At TSLA's current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA's growth across any of the sectors isn't larger than FB or GOOGL?Tesla Continues To Dilute Shareholders, And Almost No Shareholders CareDilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can't buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder's ownership and the amount of equity, revenue, and EPS our shares represent.If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.I Could Be Completely Wrong, And Tesla Could Continue Growing At These RatesTSLA's vehicle deliveries continue to outpace its growing production. YoY TSLA's deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA's Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn't just focusing on the U.S, they have Europe and China in their sights.EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA's dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.Bulls aren't incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA's future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA's current 13.51% profit margin, if they achieved TM's level of revenue, they would generate $30.59 billion of net income, which would definitely make today's valuation look more realistic.TeslaConclusionYou're probably wondering how I can be a shareholder and be a bear on TSLA's valuation at the same time. It's simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.Keep in mind a company and a company's stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it's FB or GOOGL. TSLA is not a technology company; it's an automobile company, as the automotive segments drive 100% of its gross revenue and net income.TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA's $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it's hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062383996,"gmtCreate":1652004142916,"gmtModify":1676535012489,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062383996","repostId":"1131831539","repostType":4,"repost":{"id":"1131831539","pubTimestamp":1651980653,"share":"https://www.laohu8.com/m/news/1131831539?lang=&edition=full","pubTime":"2022-05-08 11:30","market":"us","language":"en","title":"Tesla: Overvalued By 85.26% And Not A Technology Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1131831539","media":"Seeking Alpha","summary":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successfu","content":"<html><head></head><body><p>Summary</p><ul><li>Make no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.</li><li>Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn&#39;t mean Tesla&#39;s stock is a good investment today.</li><li>100% of gross profit and net income is generated from the automotive sector as Tesla&#39;s other businesses lose money, making them an automobile manufacturing company, not a technology company.</li><li>I compared Tesla&#39;s metrics to the auto industry and big tech and the results are the same, Tesla&#39;s valuation is egregious.</li></ul><p>It&#39;s rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.&#39;s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA&#39;s financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA&#39;s stock.</p><p>I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn&#39;t have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren&#39;t enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.</p><p>Just because TSLA is a great company, it doesn&#39;t mean TSLA has a great stock, or it isn&#39;t overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.</p><p><b>Tesla Vs. The World In The Automotive Sector</b></p><p>It feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it&#39;s their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let&#39;s look at the raw numbers.</p><p>TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA&#39;s market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.</p><p><img src=\"https://static.tigerbbs.com/ff930d2442bf282c1bd880cca408eb94\" tg-width=\"640\" tg-height=\"327\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo</p><p>The P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.</p><p><img src=\"https://static.tigerbbs.com/c9b9661fde232925a758c38fd2e93f36\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>As a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.</p><p><img src=\"https://static.tigerbbs.com/d25806eb839eb9ca2b4ef3c24218048c\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>TSLA is a great company, but its current valuation has become overly inflated. TSLA&#39;s market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.</p><p><img src=\"https://static.tigerbbs.com/a1b686de4009ca733ff9651ce0d9fcaf\" tg-width=\"640\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Looking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA&#39;s market cap reflects a level of dominance that is non-existent.</p><p>Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It&#39;s just math. TSLA doesn&#39;t have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.</p><p><img src=\"https://static.tigerbbs.com/442ffe151dd83bc524785857925f9797\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>www.goodcarbadcar.net</p><p><b>Tesla Isn&#39;t A Technology Company And Shouldn&#39;t Be Valued As One</b></p><p>The valuation rebuttal has always been that TSLA isn&#39;t an automobile company, rather, it&#39;s a technology company.</p><p><img src=\"https://static.tigerbbs.com/bbc9ccb2cb8a0e7d40804db24e183214\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Page 23 ofTSLA&#39;s Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA&#39;s gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn&#39;t even factor in operating expenses.</p><p>TSLA manufacturers state of the art automobiles, but this doesn&#39;t classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.</p><p>Prior to the comparisons, I want to frame the analysis by providing each company&#39;s market cap:</p><ul><li>AAPL $2.69 Trillion</li><li>MSFT $2.17 Trillion</li><li>GOOGL $1.62 Trillion</li><li>AMZN $1.28 Trillion</li><li>TSLA $986.92 Billion</li><li>FB $604.62 Billion</li></ul><p>I am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.</p><p>This is absolutely remarkable, but it doesn&#39;t place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that&#39;s $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN&#39;s market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn&#39;t support the valuation.</p><p><img src=\"https://static.tigerbbs.com/3c0fbd4eb93f026c4575ee8f77f53e4b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Next, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn&#39;t support the valuation when FB has a market cap that&#39;s $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.</p><p><img src=\"https://static.tigerbbs.com/c9716477607711ee0b6d4f77eb24c890\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>The new metric bulls are using in their thesis is TSLA&#39;s free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.</p><p>Let&#39;s look at FB once again, since TSLA&#39;s valuation isn&#39;t based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA&#39;s growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that&#39;s almost $400 billion less than TSLA. Growth within the financials does not support TSLA&#39;s valuation, which is a breath away from $1 trillion.</p><p><img src=\"https://static.tigerbbs.com/902a7074eda9e8f2f2765e0833423d2c\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Today you&#39;re paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that&#39;s growing its earnings quickly is normal, but TSLA isn&#39;t growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA&#39;s growth factor, but this doesn&#39;t hold up when FB has grown by larger amounts from larger starting positions and has a P/E that&#39;s a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.</p><p><img src=\"https://static.tigerbbs.com/75168f6e39ced721cf0c53d78481a983\" tg-width=\"614\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN&#39;s revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN&#39;s grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN&#39;s.</p><p><img src=\"https://static.tigerbbs.com/aad00a6c490808962705a1a2dae45cfe\" tg-width=\"608\" tg-height=\"338\" referrerpolicy=\"no-referrer\"/>TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it&#39;s been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.</p><p>Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company&#39;s FCF. Today, you&#39;re paying 142.52x TSLA&#39;s FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.</p><p>Why on earth would you want to pay 142.52x for TSLA&#39;s FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.</p><p>So what is a fair price to FCF multiple for TSLA? I don&#39;t believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.</p><p>I don&#39;t want to be overly bearish, so I will place a 21x multiple on TSLA&#39;s FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA&#39;s FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It&#39;s just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.</p><p>At the very least, there isn&#39;t a single reason why TSLA&#39;s market cap is larger than FB&#39;s. There isn&#39;t a single metric that TSLA beats FB in. Based on FB&#39;s valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.</p><p><img src=\"https://static.tigerbbs.com/b81a61d60d9ec098276569cc4a501da0\" tg-width=\"627\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/>TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).</p><p>The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL&#39;s. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.</p><p><b>TSLA&#39;s Future Catalysts Have A Long Way To Go Before Impacting Its Bottom Line</b></p><p>There are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it&#39;s only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.</p><p>TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.</p><p>We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance&#39;s $1 billion revenue mark is a long way away.</p><p><img src=\"https://static.tigerbbs.com/e86de6232b9abf7cee46a9607eb09741\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Next,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn&#39;t make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA&#39;s FSD isn&#39;t leaps and bounds ahead of the competition, the problem is that it&#39;s not exactly a self-driving car.</p><p>The questions around legality and where you can use it pop into my head, and how many of TSLA&#39;s drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.</p><p>Which Features Come With My Subscription?</p><blockquote>The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.</blockquote><blockquote><i>Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.</i></blockquote><p>The last catalyst is Robotaxis which many have commented on in my articles before. We&#39;re so far off on Robotaxis that this can&#39;t be considered in TSLA&#39;s upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.</p><p>Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don&#39;t want other people that I don&#39;t know in my car. I would think there are many others that have similar viewpoints.</p><p>The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA&#39;s growth rate become significantly reduced as more luxury operators put EVs on the road.</p><p>At TSLA&#39;s current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA&#39;s growth across any of the sectors isn&#39;t larger than FB or GOOGL?</p><p><b>Tesla Continues To Dilute Shareholders, And Almost No Shareholders Care</b></p><p>Dilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can&#39;t buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.</p><p>This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder&#39;s ownership and the amount of equity, revenue, and EPS our shares represent.</p><p>If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.</p><p><b>I Could Be Completely Wrong, And Tesla Could Continue Growing At These Rates</b></p><p>TSLA&#39;s vehicle deliveries continue to outpace its growing production. YoY TSLA&#39;s deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA&#39;s Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn&#39;t just focusing on the U.S, they have Europe and China in their sights.</p><p>EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).</p><p>Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.</p><p>The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA&#39;s dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.</p><p>Bulls aren&#39;t incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA&#39;s future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.</p><p>The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA&#39;s current 13.51% profit margin, if they achieved TM&#39;s level of revenue, they would generate $30.59 billion of net income, which would definitely make today&#39;s valuation look more realistic.</p><p><img src=\"https://static.tigerbbs.com/93c9176fa9bebc2c940e038cafd23229\" tg-width=\"603\" tg-height=\"631\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p><b>Conclusion</b></p><p>You&#39;re probably wondering how I can be a shareholder and be a bear on TSLA&#39;s valuation at the same time. It&#39;s simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.</p><p>Keep in mind a company and a company&#39;s stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it&#39;s FB or GOOGL. TSLA is not a technology company; it&#39;s an automobile company, as the automotive segments drive 100% of its gross revenue and net income.</p><p>TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA&#39;s $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.</p><p>With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it&#39;s hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Overvalued By 85.26% And Not A Technology Company</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\">\nTesla: Overvalued By 85.26% And Not A Technology Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131831539","content_text":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn't mean Tesla's stock is a good investment today.100% of gross profit and net income is generated from the automotive sector as Tesla's other businesses lose money, making them an automobile manufacturing company, not a technology company.I compared Tesla's metrics to the auto industry and big tech and the results are the same, Tesla's valuation is egregious.It's rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.'s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA's financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA's stock.I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn't have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren't enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.Just because TSLA is a great company, it doesn't mean TSLA has a great stock, or it isn't overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.Tesla Vs. The World In The Automotive SectorIt feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it's their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let's look at the raw numbers.TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA's market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.Steven FiorilloThe P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.Steven Fiorillo, Seeking AlphaAs a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.Steven Fiorillo, Seeking AlphaTSLA is a great company, but its current valuation has become overly inflated. TSLA's market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.Steven Fiorillo, Seeking AlphaLooking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA's market cap reflects a level of dominance that is non-existent.Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It's just math. TSLA doesn't have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.www.goodcarbadcar.netTesla Isn't A Technology Company And Shouldn't Be Valued As OneThe valuation rebuttal has always been that TSLA isn't an automobile company, rather, it's a technology company.TeslaPage 23 ofTSLA's Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA's gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn't even factor in operating expenses.TSLA manufacturers state of the art automobiles, but this doesn't classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.Prior to the comparisons, I want to frame the analysis by providing each company's market cap:AAPL $2.69 TrillionMSFT $2.17 TrillionGOOGL $1.62 TrillionAMZN $1.28 TrillionTSLA $986.92 BillionFB $604.62 BillionI am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.This is absolutely remarkable, but it doesn't place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that's $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN's market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn't support the valuation.Steven Fiorillo, Seeking AlphaNext, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn't support the valuation when FB has a market cap that's $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.Steven Fiorillo, Seeking AlphaThe new metric bulls are using in their thesis is TSLA's free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.Let's look at FB once again, since TSLA's valuation isn't based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA's growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that's almost $400 billion less than TSLA. Growth within the financials does not support TSLA's valuation, which is a breath away from $1 trillion.Steven Fiorillo, Seeking AlphaToday you're paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that's growing its earnings quickly is normal, but TSLA isn't growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA's growth factor, but this doesn't hold up when FB has grown by larger amounts from larger starting positions and has a P/E that's a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN's revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN's grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN's.TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it's been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company's FCF. Today, you're paying 142.52x TSLA's FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.Why on earth would you want to pay 142.52x for TSLA's FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.So what is a fair price to FCF multiple for TSLA? I don't believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.I don't want to be overly bearish, so I will place a 21x multiple on TSLA's FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA's FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It's just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.At the very least, there isn't a single reason why TSLA's market cap is larger than FB's. There isn't a single metric that TSLA beats FB in. Based on FB's valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL's. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.TSLA's Future Catalysts Have A Long Way To Go Before Impacting Its Bottom LineThere are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it's only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance's $1 billion revenue mark is a long way away.TeslaNext,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn't make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA's FSD isn't leaps and bounds ahead of the competition, the problem is that it's not exactly a self-driving car.The questions around legality and where you can use it pop into my head, and how many of TSLA's drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.Which Features Come With My Subscription?The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.The last catalyst is Robotaxis which many have commented on in my articles before. We're so far off on Robotaxis that this can't be considered in TSLA's upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don't want other people that I don't know in my car. I would think there are many others that have similar viewpoints.The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA's growth rate become significantly reduced as more luxury operators put EVs on the road.At TSLA's current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA's growth across any of the sectors isn't larger than FB or GOOGL?Tesla Continues To Dilute Shareholders, And Almost No Shareholders CareDilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can't buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder's ownership and the amount of equity, revenue, and EPS our shares represent.If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.I Could Be Completely Wrong, And Tesla Could Continue Growing At These RatesTSLA's vehicle deliveries continue to outpace its growing production. YoY TSLA's deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA's Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn't just focusing on the U.S, they have Europe and China in their sights.EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA's dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.Bulls aren't incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA's future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA's current 13.51% profit margin, if they achieved TM's level of revenue, they would generate $30.59 billion of net income, which would definitely make today's valuation look more realistic.TeslaConclusionYou're probably wondering how I can be a shareholder and be a bear on TSLA's valuation at the same time. It's simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.Keep in mind a company and a company's stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it's FB or GOOGL. TSLA is not a technology company; it's an automobile company, as the automotive segments drive 100% of its gross revenue and net income.TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA's $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it's hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066288281,"gmtCreate":1651904020343,"gmtModify":1676534995712,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066288281","repostId":"2233352789","repostType":4,"repost":{"id":"2233352789","pubTimestamp":1651894148,"share":"https://www.laohu8.com/m/news/2233352789?lang=&edition=full","pubTime":"2022-05-07 11:29","market":"us","language":"en","title":"Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought","url":"https://stock-news.laohu8.com/highlight/detail?id=2233352789","media":"Motley Fool","summary":"There are always stocks to buy when you're ARK Invest's ace stock picker.","content":"<html><head></head><body><p>Cathie Wood isn&#39;t afraid to go fishing in the rain. The CEO and co-founder of ARK Invest was buying stocks on Thursday during the market deluge. She&#39;s had a rough run since a highly rewarding 2020 for her family of exchange-traded funds (<a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a>s). You have to respect someone that&#39;s still looking to buy falling growth stocks when the market is at its worst.</p><p>What was she buying this time? Wood added to her existing stakes in <b>Shopify</b>, <b>Roku</b>, and <b>Sea Limited</b> on Thursday. Let&#39;s see what she may be seeing in these former market darlings that have fallen on hard times.</p><h2>Shopify</h2><p>Announcing a stock split doesn&#39;t guarantee that a stock will pop. Shares of Shopify plummeted 37% last month, despite announcing plans for a 10-for-1 split. Like many high-profile growth stocks, shares of the popular e-commerce platform provider have had a rough run in the market.</p><p>April was bad, and May isn&#39;t shaping up to be any better. The stock plummeted 15% on Thursday after a disappointing financial report. Revenue decelerated through the first three months of this year, clocking in with a mere 22% year-over-year advance. Rising costs obliterated the bottom line; earnings came in 71% below what analysts were targeting.</p><p>The tailwinds that helped Shopify deliver jaw-dropping growth until recently weren&#39;t going to last forever. However, this week&#39;s surprising shortfall on both ends of the income statement is both problematic and opportunistic. The financial update wasn&#39;t encouraging, but the stock now finds itself 77% below where it was at its November peak. The forward-thinking e-commerce solution that lets merchants of all sizes easily sell their wares across emerging social media platforms and their own digital storefront hasn&#39;t lost its relevancy. Shopify should recover from this setback.</p><h2>Roku</h2><p>Another company that has shed nearly 80% of its peak value but is still growing is Roku. The pioneer of video streaming on TV is a leading in an expanding niche. There were 61.3 million homes leaning on Roku by the end of March, and these are <i>active</i> accounts in every sense of the term. The average account is streaming nearly 3.8 hours a day on the platform.</p><p>We&#39;ve seen Roku&#39;s audience and total hours streamed grow 14% over the past year, silencing bearish arguments that folks will turn off their TVs and enjoy the great outdoors as the COVID-19 landscape improves following the vaccinations introduced last year. Advertisers also know that Roku consumers are worth reaching. Average revenue per user is up 34% over the past year.</p><p>Supply chain issues have slowed the production of its dongles, but Roku has enough deals in place with smart TV manufacturers to be the factory installed operating system of choice for many leading brands. After breaking through with a profit last year, analysts don&#39;t see a return to positive net income until 2024. It&#39;s not an ideal situation, but as long as Roku&#39;s audience keeps growing -- and those cradling the Roku remote controls keep watching -- the stock should eventually get back on track.</p><h2>Sea Limited</h2><p>Some companies are lucky to dominate <a href=\"https://laohu8.com/S/AONE.U\">one</a> niche, but Sea Limited is a giant in three important industries. The Singapore-based speedster is a major player in e-commerce, online gaming, and fintech.</p><p>It&#39;s not firing on all cylinders right now. It sees direct entertainment bookings -- basically its gaming arm -- declining sharply this year. It&#39;s been a challenging year for the online gaming market, particularly in Asia. However, its now larger e-commerce segment is expected to see its revenue soar 76%. Its smaller fintech division is expected to see its top line climb 155% this year.</p><p>Growth will slow at Sea Limited this year from the 106% year-over-year burst it posted the last time it reported quarterly results. Sea Limited will have a financial update in two weeks. Analysts see revenue growth slowing to a 37% clip this year and a 35% pace in 2023, but that&#39;s still respectable for a company of Sea Limited&#39;s size.</p><p>Shopify, Roku, and Sea Limited have all seen their shares fall by at least 77% since peaking last year. Yet they continue to be strong growth stocks, delivering healthy year-over-year growth right now. Cathie Wood may be on to something here.</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>Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought</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\">\nCathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-07 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/06/cathie-wood-goes-bargain-hunting-3-stocks-she-just/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood isn't afraid to go fishing in the rain. The CEO and co-founder of ARK Invest was buying stocks on Thursday during the market deluge. She's had a rough run since a highly rewarding 2020 for...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/06/cathie-wood-goes-bargain-hunting-3-stocks-she-just/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd","SHOP":"Shopify Inc","ROKU":"Roku Inc"},"source_url":"https://www.fool.com/investing/2022/05/06/cathie-wood-goes-bargain-hunting-3-stocks-she-just/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2233352789","content_text":"Cathie Wood isn't afraid to go fishing in the rain. The CEO and co-founder of ARK Invest was buying stocks on Thursday during the market deluge. She's had a rough run since a highly rewarding 2020 for her family of exchange-traded funds (Pacer Swan SOS Fund of Funds ETF|ETFs). You have to respect someone that's still looking to buy falling growth stocks when the market is at its worst.What was she buying this time? Wood added to her existing stakes in Shopify, Roku, and Sea Limited on Thursday. Let's see what she may be seeing in these former market darlings that have fallen on hard times.ShopifyAnnouncing a stock split doesn't guarantee that a stock will pop. Shares of Shopify plummeted 37% last month, despite announcing plans for a 10-for-1 split. Like many high-profile growth stocks, shares of the popular e-commerce platform provider have had a rough run in the market.April was bad, and May isn't shaping up to be any better. The stock plummeted 15% on Thursday after a disappointing financial report. Revenue decelerated through the first three months of this year, clocking in with a mere 22% year-over-year advance. Rising costs obliterated the bottom line; earnings came in 71% below what analysts were targeting.The tailwinds that helped Shopify deliver jaw-dropping growth until recently weren't going to last forever. However, this week's surprising shortfall on both ends of the income statement is both problematic and opportunistic. The financial update wasn't encouraging, but the stock now finds itself 77% below where it was at its November peak. The forward-thinking e-commerce solution that lets merchants of all sizes easily sell their wares across emerging social media platforms and their own digital storefront hasn't lost its relevancy. Shopify should recover from this setback.RokuAnother company that has shed nearly 80% of its peak value but is still growing is Roku. The pioneer of video streaming on TV is a leading in an expanding niche. There were 61.3 million homes leaning on Roku by the end of March, and these are active accounts in every sense of the term. The average account is streaming nearly 3.8 hours a day on the platform.We've seen Roku's audience and total hours streamed grow 14% over the past year, silencing bearish arguments that folks will turn off their TVs and enjoy the great outdoors as the COVID-19 landscape improves following the vaccinations introduced last year. Advertisers also know that Roku consumers are worth reaching. Average revenue per user is up 34% over the past year.Supply chain issues have slowed the production of its dongles, but Roku has enough deals in place with smart TV manufacturers to be the factory installed operating system of choice for many leading brands. After breaking through with a profit last year, analysts don't see a return to positive net income until 2024. It's not an ideal situation, but as long as Roku's audience keeps growing -- and those cradling the Roku remote controls keep watching -- the stock should eventually get back on track.Sea LimitedSome companies are lucky to dominate one niche, but Sea Limited is a giant in three important industries. The Singapore-based speedster is a major player in e-commerce, online gaming, and fintech.It's not firing on all cylinders right now. It sees direct entertainment bookings -- basically its gaming arm -- declining sharply this year. It's been a challenging year for the online gaming market, particularly in Asia. However, its now larger e-commerce segment is expected to see its revenue soar 76%. Its smaller fintech division is expected to see its top line climb 155% this year.Growth will slow at Sea Limited this year from the 106% year-over-year burst it posted the last time it reported quarterly results. Sea Limited will have a financial update in two weeks. Analysts see revenue growth slowing to a 37% clip this year and a 35% pace in 2023, but that's still respectable for a company of Sea Limited's size.Shopify, Roku, and Sea Limited have all seen their shares fall by at least 77% since peaking last year. Yet they continue to be strong growth stocks, delivering healthy year-over-year growth right now. Cathie Wood may be on to something here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068773157,"gmtCreate":1651811814979,"gmtModify":1676534976454,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068773157","repostId":"2233461868","repostType":4,"repost":{"id":"2233461868","pubTimestamp":1651808064,"share":"https://www.laohu8.com/m/news/2233461868?lang=&edition=full","pubTime":"2022-05-06 11:34","market":"us","language":"en","title":"3 Dividend Stocks That Recently Hiked Their Payouts","url":"https://stock-news.laohu8.com/highlight/detail?id=2233461868","media":"Motley Fool","summary":"Should investors rely on these stocks to continue raising their payouts in the future?","content":"<html><head></head><body><p>Dividend stocks that provide investors with regular, recurring payouts are incredibly valuable investments to hang on to for the long haul. Stocks that also increase their payouts are even better. That&#39;s because you could be collecting more dividend income just by simply holding on to the stock for the long term.</p><p>Three stocks that recently hiked their dividend payments include <b>CareTrust REIT</b>, <b>Cenovus Energy</b>, and <b>Southern Company</b>. Let&#39;s take a closer look at their dividend payments today, and whether investors should expect more rate increases from these stocks in the future.</p><h2>1. CareTrust REIT</h2><p>CareTrust is a healthcare-focused real estate investment trust (REIT) that pays an impressive yield of 6.6%. The stock has been falling this year amid general softness in the stock market and worries about a possible recession. However, that hasn&#39;t stopped the REIT from providing a top dividend. Last year, it was paying its shareholders $0.265 every quarter, and now that dividend payment is up to $0.275, representing an increase of 3.8%. On an annualized basis, that means investors are collecting $1.10 per share in dividend income.</p><p>Although REITs have to pay out 90% of their earnings back to investors, they rely on funds from operations (FFO) to evaluate the safety of their dividend payments. And CareTrust&#39;s FFO per share was $1.32 last year, which would be sufficient to cover its dividend today, and still leave plenty of room.</p><p>REITs like CareTrust that focus on healthcare (its portfolio is made up of skilled nursing facilities, assisted living facilities, and independent living facilities) are safe given the general stability of the healthcare industry. And that can make rent payments more stable and predictable than if you were to invest in a REIT that focuses on residential housing or retail properties.</p><p>With a high yield and room for more increases in the future, CareTrust could be an underrated dividend stock to buy today.</p><h2>2. Cenovus Energy</h2><p>Oil and natural gas producer Cenovus Energy recently reported a strong quarter due to high commodity prices. With oil prices at levels not seen in years, the stock has been a hot buy in 2022, soaring 53% year to date and dwarfing the <b>S&amp;P</b> <b>500</b>, which is down 12% over the same period.</p><p>The company&#39;s net earnings for the period ended March 31 totaled 1.6 billion Canadian dollars, for a year-over-year increase of 639%. It also reported free funds flow of CA$1.8 billion that was more than triple the prior-year period&#39;s tally of CA$594 million. Cenovus is confident that even if oil prices should fall, it can continue to perform well.</p><p>Notably, the company has tripled its annual dividend (which is paid quarterly) from CA$0.14 to CA$0.42. Cenovus believes the payout can be sustainable even if the price of West Texas Intermediate, a key benchmark for the industry, falls to around $45 per barrel -- and currently, it&#39;s more than double that price.</p><p>At 1.8%, Cenovus&#39; yield is a bit higher than the S&amp;P 500 average of 1.4%. However, given the uncertainty surrounding oil prices, I wouldn&#39;t expect the company to raise its dividend a whole lot higher -- and in the past, Cenovus slashed its dividend payments when oil prices were falling. But if you&#39;re bullish on the sector, this can be a great option to gain exposure to it while collecting a good dividend.</p><h2>3. Southern Company</h2><p>Southern is a utility company serving nine million customers across the country. For its investors, it has also been regularly increasing its dividend payments for decades. The latest increase, its 21st in a row, is no surprise for shareholders as the company says its long-term contracts allow it to generate predictable earnings numbers and enable it to consistently grow its dividend. The $0.02 hike is just as large as the <a href=\"https://laohu8.com/S/AONE.U\">one</a> it announced last year. At $2.72 in dividends per share over the course of a full year, the stock now yields 3.7%.</p><p>The news of the hike came just before Southern announced its latest quarterly results, covering the first three months of 2022. Reported per-share earnings of $0.97 for the period were down $0.10 from a year ago. But on an adjusted basis, they remained nearly identical to the $0.98 that the company reported during the same period last year. Either way, the earnings leave plenty of room for Southern to cover its new quarterly dividend payment of $0.68 with ease.</p><p>The stability that this business offers, combined with Southern&#39;s track record of consistently raising payouts, makes it a safe bet that payouts will continue to increase for the foreseeable future. And that makes Southern a promising dividend stock for investors to buy and hold for years.</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>3 Dividend Stocks That Recently Hiked Their Payouts</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\">\n3 Dividend Stocks That Recently Hiked Their Payouts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/05/3-dividend-stocks-that-recently-hiked-their-payout/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dividend stocks that provide investors with regular, recurring payouts are incredibly valuable investments to hang on to for the long haul. Stocks that also increase their payouts are even better. ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/05/3-dividend-stocks-that-recently-hiked-their-payout/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CTRE":"CareTrust REIT Inc.","CVE":"Cenovus能源","SO":"美国南方公司"},"source_url":"https://www.fool.com/investing/2022/05/05/3-dividend-stocks-that-recently-hiked-their-payout/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2233461868","content_text":"Dividend stocks that provide investors with regular, recurring payouts are incredibly valuable investments to hang on to for the long haul. Stocks that also increase their payouts are even better. That's because you could be collecting more dividend income just by simply holding on to the stock for the long term.Three stocks that recently hiked their dividend payments include CareTrust REIT, Cenovus Energy, and Southern Company. Let's take a closer look at their dividend payments today, and whether investors should expect more rate increases from these stocks in the future.1. CareTrust REITCareTrust is a healthcare-focused real estate investment trust (REIT) that pays an impressive yield of 6.6%. The stock has been falling this year amid general softness in the stock market and worries about a possible recession. However, that hasn't stopped the REIT from providing a top dividend. Last year, it was paying its shareholders $0.265 every quarter, and now that dividend payment is up to $0.275, representing an increase of 3.8%. On an annualized basis, that means investors are collecting $1.10 per share in dividend income.Although REITs have to pay out 90% of their earnings back to investors, they rely on funds from operations (FFO) to evaluate the safety of their dividend payments. And CareTrust's FFO per share was $1.32 last year, which would be sufficient to cover its dividend today, and still leave plenty of room.REITs like CareTrust that focus on healthcare (its portfolio is made up of skilled nursing facilities, assisted living facilities, and independent living facilities) are safe given the general stability of the healthcare industry. And that can make rent payments more stable and predictable than if you were to invest in a REIT that focuses on residential housing or retail properties.With a high yield and room for more increases in the future, CareTrust could be an underrated dividend stock to buy today.2. Cenovus EnergyOil and natural gas producer Cenovus Energy recently reported a strong quarter due to high commodity prices. With oil prices at levels not seen in years, the stock has been a hot buy in 2022, soaring 53% year to date and dwarfing the S&P 500, which is down 12% over the same period.The company's net earnings for the period ended March 31 totaled 1.6 billion Canadian dollars, for a year-over-year increase of 639%. It also reported free funds flow of CA$1.8 billion that was more than triple the prior-year period's tally of CA$594 million. Cenovus is confident that even if oil prices should fall, it can continue to perform well.Notably, the company has tripled its annual dividend (which is paid quarterly) from CA$0.14 to CA$0.42. Cenovus believes the payout can be sustainable even if the price of West Texas Intermediate, a key benchmark for the industry, falls to around $45 per barrel -- and currently, it's more than double that price.At 1.8%, Cenovus' yield is a bit higher than the S&P 500 average of 1.4%. However, given the uncertainty surrounding oil prices, I wouldn't expect the company to raise its dividend a whole lot higher -- and in the past, Cenovus slashed its dividend payments when oil prices were falling. But if you're bullish on the sector, this can be a great option to gain exposure to it while collecting a good dividend.3. Southern CompanySouthern is a utility company serving nine million customers across the country. For its investors, it has also been regularly increasing its dividend payments for decades. The latest increase, its 21st in a row, is no surprise for shareholders as the company says its long-term contracts allow it to generate predictable earnings numbers and enable it to consistently grow its dividend. The $0.02 hike is just as large as the one it announced last year. At $2.72 in dividends per share over the course of a full year, the stock now yields 3.7%.The news of the hike came just before Southern announced its latest quarterly results, covering the first three months of 2022. Reported per-share earnings of $0.97 for the period were down $0.10 from a year ago. But on an adjusted basis, they remained nearly identical to the $0.98 that the company reported during the same period last year. Either way, the earnings leave plenty of room for Southern to cover its new quarterly dividend payment of $0.68 with ease.The stability that this business offers, combined with Southern's track record of consistently raising payouts, makes it a safe bet that payouts will continue to increase for the foreseeable future. And that makes Southern a promising dividend stock for investors to buy and hold for years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068773072,"gmtCreate":1651811796196,"gmtModify":1676534976428,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068773072","repostId":"2233461868","repostType":4,"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068922551,"gmtCreate":1651711542658,"gmtModify":1676534954085,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068922551","repostId":"2233115882","repostType":4,"repost":{"id":"2233115882","pubTimestamp":1651709448,"share":"https://www.laohu8.com/m/news/2233115882?lang=&edition=full","pubTime":"2022-05-05 08:10","market":"us","language":"en","title":"Skillz Falls 7% As Q1 Loss Swells on Higher Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=2233115882","media":"seekingalpha","summary":"Skillz (NYSE:SKLZ) has slipped 7% postmarket after its Q1 earnings showed a wider net loss that was ","content":"<html><head></head><body><ul><li>Skillz (NYSE:SKLZ) has slipped 7% postmarket after its Q1 earnings showed a wider net loss that was worse than analysts expected.</li><li>That was thanks largely to sharply higher costs and expenses, which jumped 76% to $238 million.</li><li>Net loss swelled accordingly, to $148.1 million from a loss of $53.6 million in the prior-year period. Revenues grew 12% to $93.4 million.</li><li>Some $65 million of the increased loss was driven by nonrecurring stock-based compensation expense, tied to canceling performance stock units previously granted to the CEO.</li><li>Its full-year revenue guidance is unchanged at $400 million (in line with analyst expectations currently at $399.1 million).</li><li>In operating metrics, paying monthly active users grew by 22%, to 0.57 million.</li><li>“Skillz drove strong improvement in marketing efficiency in the first quarter of 2022,” says CEO Andrew Paradise. “We commenced our transition to profitable growth through both sustained product innovation, including the recent beta launch of our cloud-gaming feature, and rollout of more enhancements that improve the user experience through social and personalization.”</li></ul></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>Skillz Falls 7% As Q1 Loss Swells on Higher Costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nSkillz Falls 7% As Q1 Loss Swells on Higher Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-05 08:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3832785-skillz-falls-7-as-q1-loss-swells-on-higher-costs><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Skillz (NYSE:SKLZ) has slipped 7% postmarket after its Q1 earnings showed a wider net loss that was worse than analysts expected.That was thanks largely to sharply higher costs and expenses, which ...</p>\n\n<a href=\"https://seekingalpha.com/news/3832785-skillz-falls-7-as-q1-loss-swells-on-higher-costs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SKLZ":"Skillz Inc","BK4085":"互动家庭娱乐","BK4551":"寇图资本持仓"},"source_url":"https://seekingalpha.com/news/3832785-skillz-falls-7-as-q1-loss-swells-on-higher-costs","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2233115882","content_text":"Skillz (NYSE:SKLZ) has slipped 7% postmarket after its Q1 earnings showed a wider net loss that was worse than analysts expected.That was thanks largely to sharply higher costs and expenses, which jumped 76% to $238 million.Net loss swelled accordingly, to $148.1 million from a loss of $53.6 million in the prior-year period. Revenues grew 12% to $93.4 million.Some $65 million of the increased loss was driven by nonrecurring stock-based compensation expense, tied to canceling performance stock units previously granted to the CEO.Its full-year revenue guidance is unchanged at $400 million (in line with analyst expectations currently at $399.1 million).In operating metrics, paying monthly active users grew by 22%, to 0.57 million.“Skillz drove strong improvement in marketing efficiency in the first quarter of 2022,” says CEO Andrew Paradise. “We commenced our transition to profitable growth through both sustained product innovation, including the recent beta launch of our cloud-gaming feature, and rollout of more enhancements that improve the user experience through social and personalization.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063695836,"gmtCreate":1651457716454,"gmtModify":1676534909701,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063695836","repostId":"2232730431","repostType":4,"repost":{"id":"2232730431","pubTimestamp":1651446992,"share":"https://www.laohu8.com/m/news/2232730431?lang=&edition=full","pubTime":"2022-05-02 07:16","market":"us","language":"en","title":"Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.","url":"https://stock-news.laohu8.com/highlight/detail?id=2232730431","media":"Barrons","summary":"Chinese electric vehicle makersNIO,XPengandLi Autoreported April deliveries on Sunday morning. The numbers aren’t very good. That givesTeslainvestors something else to worry about.NIO(ticker: NIO) del","content":"<html><head></head><body><p>Chinese electric vehicle makers NIO, XPeng and Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else to worry about.</p><p>NIO (ticker: NIO) delivered 5,074 vehicles in April, down from about 10,000 delivered in March and down from about 7,100 delivered in April of 2021.</p><p>Looking ahead, Wall Street expects NIO to deliver about 31,000 vehicles in the second quarter, up from about 26,000 delivered in the first quarter of 2022. This isn’t a good start to the quarter.</p><p>Covid appears to be the reason. “In late March and April 2022, the Company’s vehicle production and delivery have been impacted by the supply chain volatilities and other constraints caused by a new wave of the COVID-19 outbreaks in certain regions in China,” reads NIO’s news release.</p><p>That isn’t a surprise. Investors have known about Covid-related production problems in China for weeks. Covid lockdowns in Shanghai, for instance, shut Tesla’s plant in the area for weeks, costing Tesla (TSLA) perhaps 15,000 vehicle deliveries in the first quarter of 2022. Tesla ended up delivering about 310,000 vehicles, just up from the 309,000 delivered in the fourth quarter of 2021.</p><p>Li Auto (LI) delivered 4,167 vehicles in April, down from about 11,000 delivered in March and down from about 5,500 delivered in April 2021.</p><p>Looking ahead, Wall Street expects Li sales to grow to about $1.9 billion in the second quarter, up from about $1.5 billion projected for the first quarter. Li delivered almost 32,000 vehicles in the first quarter of 2022.</p><p>Li talked about Covid in its news release, too: “The COVID-19 resurgence in the Yangtze Delta region continues to cause severe industry-wide disruptions in supply chain, logistics and production since late March.” Li makes cars in Changzhou, in the center of the region, and gets most of the parts for its cars locally.</p><p>XPeng (XPEV) results look a little better that Li or NIO numbers. XPeng delivered 9,002 vehicles in April, down from about 15,000 vehicles delivered in March, but up from about 5,000 delivered in April 2021.</p><p>Looking ahead, Wall Street expects XPeng sales to grow to about $1.3 billion in the second quarter, up from about $1.1 billion projected for the first quarter of 2022. XPeng delivered almost 35,000 vehicles in the first quarter of 2021.</p><p>XPeng referenced Covid in its news release as well.</p><p>Combined, the three delivered about 18,000 vehicles in April. That’s the worse monthly result since May 2021 and below the roughly 21,000 combined vehicle delivers in February 2022–when the Chinese Lunar New Year holiday impacted results. But the silver lining is year-to-date, deliveries are up 73% year over year, driven by gains from Li and XPeng.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.</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\">\nTesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-02 07:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/nio-li-auto-xpeng-bad-april-deliveries-covid-51651420731?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese electric vehicle makers NIO, XPeng and Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else to worry about.NIO (ticker: ...</p>\n\n<a href=\"https://www.barrons.com/articles/nio-li-auto-xpeng-bad-april-deliveries-covid-51651420731?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","XPEV":"小鹏汽车","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/nio-li-auto-xpeng-bad-april-deliveries-covid-51651420731?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2232730431","content_text":"Chinese electric vehicle makers NIO, XPeng and Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else to worry about.NIO (ticker: NIO) delivered 5,074 vehicles in April, down from about 10,000 delivered in March and down from about 7,100 delivered in April of 2021.Looking ahead, Wall Street expects NIO to deliver about 31,000 vehicles in the second quarter, up from about 26,000 delivered in the first quarter of 2022. This isn’t a good start to the quarter.Covid appears to be the reason. “In late March and April 2022, the Company’s vehicle production and delivery have been impacted by the supply chain volatilities and other constraints caused by a new wave of the COVID-19 outbreaks in certain regions in China,” reads NIO’s news release.That isn’t a surprise. Investors have known about Covid-related production problems in China for weeks. Covid lockdowns in Shanghai, for instance, shut Tesla’s plant in the area for weeks, costing Tesla (TSLA) perhaps 15,000 vehicle deliveries in the first quarter of 2022. Tesla ended up delivering about 310,000 vehicles, just up from the 309,000 delivered in the fourth quarter of 2021.Li Auto (LI) delivered 4,167 vehicles in April, down from about 11,000 delivered in March and down from about 5,500 delivered in April 2021.Looking ahead, Wall Street expects Li sales to grow to about $1.9 billion in the second quarter, up from about $1.5 billion projected for the first quarter. Li delivered almost 32,000 vehicles in the first quarter of 2022.Li talked about Covid in its news release, too: “The COVID-19 resurgence in the Yangtze Delta region continues to cause severe industry-wide disruptions in supply chain, logistics and production since late March.” Li makes cars in Changzhou, in the center of the region, and gets most of the parts for its cars locally.XPeng (XPEV) results look a little better that Li or NIO numbers. XPeng delivered 9,002 vehicles in April, down from about 15,000 vehicles delivered in March, but up from about 5,000 delivered in April 2021.Looking ahead, Wall Street expects XPeng sales to grow to about $1.3 billion in the second quarter, up from about $1.1 billion projected for the first quarter of 2022. XPeng delivered almost 35,000 vehicles in the first quarter of 2021.XPeng referenced Covid in its news release as well.Combined, the three delivered about 18,000 vehicles in April. That’s the worse monthly result since May 2021 and below the roughly 21,000 combined vehicle delivers in February 2022–when the Chinese Lunar New Year holiday impacted results. But the silver lining is year-to-date, deliveries are up 73% year over year, driven by gains from Li and XPeng.","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":836597307,"gmtCreate":1629505846009,"gmtModify":1676530059844,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like.&nbsp;","listText":"Please like.&nbsp;","text":"Please like.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/836597307","repostId":"2161743232","repostType":4,"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011259035,"gmtCreate":1648871508824,"gmtModify":1676534416001,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011259035","repostId":"2224134076","repostType":4,"repost":{"id":"2224134076","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":1648853352,"share":"https://www.laohu8.com/m/news/2224134076?lang=&edition=full","pubTime":"2022-04-02 06:49","market":"us","language":"en","title":"US STOCKS-Wall St Posts Modest Gains as Jobs Report Keeps Fed Hikes on Track","url":"https://stock-news.laohu8.com/highlight/detail?id=2224134076","media":"Reuters","summary":"* Unemployment drops to 3.6% vs estimate of 3.7%* Nonfarm payrolls rose by 431,000 jobs last month* GameStop seeks share split* Dow up 0.4%, S&P 500 up 0.3%, Nasdaq up 0.3%(Reuters) - The S&P 500 rose","content":"<html><head></head><body><p>* Unemployment drops to 3.6% vs estimate of 3.7%</p><p>* Nonfarm payrolls rose by 431,000 jobs last month</p><p>* GameStop seeks share split</p><p>* Dow up 0.4%, S&amp;P 500 up 0.3%, Nasdaq up 0.3%</p><p>(Reuters) - The S&amp;P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance.</p><p>The Labor Department&#39;s employment report showed a rapid hiring pace by employers while wages continued to climb, although not enough to keep pace with inflation.</p><p>U.S. employers added 431,000 jobs in March, which was shy of the 490,000 estimate but still showed strong job gains. The unemployment rate dropped to 3.6%, a new two-year low while average hourly earnings rose 5.6% on a year-over-year basis.</p><p>The report heightened expectations that the central bank is likely to become more aggressive in raising interest rates as it seeks to curb inflation as it unwinds its easy monetary policy.</p><p>&#34;Job gains were broad, more people are going back to the office,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.</p><p>&#34;If other data between now and the next Fed meeting stay this rosy, the Fed will likely feel comfortable hiking by 50 basis points and announcing an aggressive rundown of its balance sheet.&#34;</p><p>The Dow Jones Industrial Average rose 139.92 points, or 0.4%, to 34,818.27, the S&amp;P 500 gained 15.45 points, or 0.34%, to 4,545.86 and the Nasdaq Composite added 40.98 points, or 0.29%, to 14,261.50.</p><p>The defensive real estate, utilities and consumer staples were the best performing sectors on the day, with each rising more than 1%.</p><p>For the week, the Dow slipped 0.1%, the S&amp;P edged up 0.1% and the Nasdaq advanced 0.7%.</p><p>Expectations for a 50-basis point interest rate hike at the central bank&#39;s May meeting stand at 73.3%, according to CME&#39;s FedWatch Tool.</p><p>At its March meeting, the Fed raised rates by 25 basis 25 basis points, its first hike since 2018, and a host of central bank policymakers have indicated they are prepared for bigger rate hikes.</p><p>Chicago Federal Reserve President Charles Evans said on Friday he does not see a big risk in using &#34;some&#34; half-point rate hikes to bring borrowing costs to neutral sooner as long as the objective was not to raise rates much faster and push them higher.</p><p>Other data on Friday showed U.S. manufacturing activity unexpectedly slowed in March, although it remained firmly in expansion territory, as tight supply chains continued to put upward pressure on input prices.</p><p>In the wake of the payrolls report, U.S. Treasury yields jumped and a closely watched part of the yield curve between two-year and 10-year notes, seen by many as a reliable indicator of a recession, inverted for the third time this week.</p><p>The S&amp;P 500 closed out the first quarter on Thursday with its biggest quarterly decline since the COVID-19 pandemic in the U.S. was reaching full swing on concerns about rising prices, fueled further by the war in Ukraine, and the Fed&#39;s response could slow economic growth. However, stocks rebounded somewhat in March, as the benchmark index gained 3.6%.</p><p>April tends to be a strong month for stocks, with its last monthly decline in 2012. Ryan Detrick, chief market strategist at LPL Financial, notes that April has the best performance on average of all months since 1950.</p><p>Video game retailer <a href=\"https://laohu8.com/S/GME\">GameStop Corp</a>, part of the &#34;meme stock&#34; trading frenzy last year, gave up early gains and ended down 0.95% after announcing a plan to seek shareholder approval for a stock split.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a> dipped 0.17% after J.P. Morgan removed the stock from its analyst &#34;focus list&#34; along with <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>, which slumped 3.81%.</p><p>Volume on U.S. exchanges was 11.45 billion shares, compared with the 13.78 billion average for the full session over the last 20 trading days.</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>US STOCKS-Wall St Posts Modest Gains as Jobs Report Keeps Fed Hikes on Track</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St Posts Modest Gains as Jobs Report Keeps Fed Hikes on Track\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-02 06:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Unemployment drops to 3.6% vs estimate of 3.7%</p><p>* Nonfarm payrolls rose by 431,000 jobs last month</p><p>* GameStop seeks share split</p><p>* Dow up 0.4%, S&amp;P 500 up 0.3%, Nasdaq up 0.3%</p><p>(Reuters) - The S&amp;P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance.</p><p>The Labor Department&#39;s employment report showed a rapid hiring pace by employers while wages continued to climb, although not enough to keep pace with inflation.</p><p>U.S. employers added 431,000 jobs in March, which was shy of the 490,000 estimate but still showed strong job gains. The unemployment rate dropped to 3.6%, a new two-year low while average hourly earnings rose 5.6% on a year-over-year basis.</p><p>The report heightened expectations that the central bank is likely to become more aggressive in raising interest rates as it seeks to curb inflation as it unwinds its easy monetary policy.</p><p>&#34;Job gains were broad, more people are going back to the office,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.</p><p>&#34;If other data between now and the next Fed meeting stay this rosy, the Fed will likely feel comfortable hiking by 50 basis points and announcing an aggressive rundown of its balance sheet.&#34;</p><p>The Dow Jones Industrial Average rose 139.92 points, or 0.4%, to 34,818.27, the S&amp;P 500 gained 15.45 points, or 0.34%, to 4,545.86 and the Nasdaq Composite added 40.98 points, or 0.29%, to 14,261.50.</p><p>The defensive real estate, utilities and consumer staples were the best performing sectors on the day, with each rising more than 1%.</p><p>For the week, the Dow slipped 0.1%, the S&amp;P edged up 0.1% and the Nasdaq advanced 0.7%.</p><p>Expectations for a 50-basis point interest rate hike at the central bank&#39;s May meeting stand at 73.3%, according to CME&#39;s FedWatch Tool.</p><p>At its March meeting, the Fed raised rates by 25 basis 25 basis points, its first hike since 2018, and a host of central bank policymakers have indicated they are prepared for bigger rate hikes.</p><p>Chicago Federal Reserve President Charles Evans said on Friday he does not see a big risk in using &#34;some&#34; half-point rate hikes to bring borrowing costs to neutral sooner as long as the objective was not to raise rates much faster and push them higher.</p><p>Other data on Friday showed U.S. manufacturing activity unexpectedly slowed in March, although it remained firmly in expansion territory, as tight supply chains continued to put upward pressure on input prices.</p><p>In the wake of the payrolls report, U.S. Treasury yields jumped and a closely watched part of the yield curve between two-year and 10-year notes, seen by many as a reliable indicator of a recession, inverted for the third time this week.</p><p>The S&amp;P 500 closed out the first quarter on Thursday with its biggest quarterly decline since the COVID-19 pandemic in the U.S. was reaching full swing on concerns about rising prices, fueled further by the war in Ukraine, and the Fed&#39;s response could slow economic growth. However, stocks rebounded somewhat in March, as the benchmark index gained 3.6%.</p><p>April tends to be a strong month for stocks, with its last monthly decline in 2012. Ryan Detrick, chief market strategist at LPL Financial, notes that April has the best performance on average of all months since 1950.</p><p>Video game retailer <a href=\"https://laohu8.com/S/GME\">GameStop Corp</a>, part of the &#34;meme stock&#34; trading frenzy last year, gave up early gains and ended down 0.95% after announcing a plan to seek shareholder approval for a stock split.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a> dipped 0.17% after J.P. Morgan removed the stock from its analyst &#34;focus list&#34; along with <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>, which slumped 3.81%.</p><p>Volume on U.S. exchanges was 11.45 billion shares, compared with the 13.78 billion average for the full session over the last 20 trading days.</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":"2224134076","content_text":"* Unemployment drops to 3.6% vs estimate of 3.7%* Nonfarm payrolls rose by 431,000 jobs last month* GameStop seeks share split* Dow up 0.4%, S&P 500 up 0.3%, Nasdaq up 0.3%(Reuters) - The S&P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance.The Labor Department's employment report showed a rapid hiring pace by employers while wages continued to climb, although not enough to keep pace with inflation.U.S. employers added 431,000 jobs in March, which was shy of the 490,000 estimate but still showed strong job gains. The unemployment rate dropped to 3.6%, a new two-year low while average hourly earnings rose 5.6% on a year-over-year basis.The report heightened expectations that the central bank is likely to become more aggressive in raising interest rates as it seeks to curb inflation as it unwinds its easy monetary policy.\"Job gains were broad, more people are going back to the office,\" said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.\"If other data between now and the next Fed meeting stay this rosy, the Fed will likely feel comfortable hiking by 50 basis points and announcing an aggressive rundown of its balance sheet.\"The Dow Jones Industrial Average rose 139.92 points, or 0.4%, to 34,818.27, the S&P 500 gained 15.45 points, or 0.34%, to 4,545.86 and the Nasdaq Composite added 40.98 points, or 0.29%, to 14,261.50.The defensive real estate, utilities and consumer staples were the best performing sectors on the day, with each rising more than 1%.For the week, the Dow slipped 0.1%, the S&P edged up 0.1% and the Nasdaq advanced 0.7%.Expectations for a 50-basis point interest rate hike at the central bank's May meeting stand at 73.3%, according to CME's FedWatch Tool.At its March meeting, the Fed raised rates by 25 basis 25 basis points, its first hike since 2018, and a host of central bank policymakers have indicated they are prepared for bigger rate hikes.Chicago Federal Reserve President Charles Evans said on Friday he does not see a big risk in using \"some\" half-point rate hikes to bring borrowing costs to neutral sooner as long as the objective was not to raise rates much faster and push them higher.Other data on Friday showed U.S. manufacturing activity unexpectedly slowed in March, although it remained firmly in expansion territory, as tight supply chains continued to put upward pressure on input prices.In the wake of the payrolls report, U.S. Treasury yields jumped and a closely watched part of the yield curve between two-year and 10-year notes, seen by many as a reliable indicator of a recession, inverted for the third time this week.The S&P 500 closed out the first quarter on Thursday with its biggest quarterly decline since the COVID-19 pandemic in the U.S. was reaching full swing on concerns about rising prices, fueled further by the war in Ukraine, and the Fed's response could slow economic growth. However, stocks rebounded somewhat in March, as the benchmark index gained 3.6%.April tends to be a strong month for stocks, with its last monthly decline in 2012. Ryan Detrick, chief market strategist at LPL Financial, notes that April has the best performance on average of all months since 1950.Video game retailer GameStop Corp, part of the \"meme stock\" trading frenzy last year, gave up early gains and ended down 0.95% after announcing a plan to seek shareholder approval for a stock split.Apple Inc dipped 0.17% after J.P. Morgan removed the stock from its analyst \"focus list\" along with Qualcomm, which slumped 3.81%.Volume on U.S. exchanges was 11.45 billion shares, compared with the 13.78 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038567984,"gmtCreate":1646871814501,"gmtModify":1676534171566,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038567984","repostId":"2218694281","repostType":4,"repost":{"id":"2218694281","pubTimestamp":1646870432,"share":"https://www.laohu8.com/m/news/2218694281?lang=&edition=full","pubTime":"2022-03-10 08:00","market":"us","language":"en","title":"3 Growth Stocks Wall Street Thinks Could Soar 83% or More","url":"https://stock-news.laohu8.com/highlight/detail?id=2218694281","media":"Motley Fool","summary":"Investment bank analysts have some lofty price targets on these stocks.","content":"<html><head></head><body><p>Spring hasn&#39;t even sprung, and it&#39;s already been a lousy year to be a growth stock investor. The <b>S&amp;P 500 Growth Index</b> has given up a jaw-dropping 18.1% in the year to date.</p><p>Investment bank analysts up and down Wall Street think the growth stock bashing we&#39;ve seen all year has gone too far. In fact, they pinned some lofty price targets on these stocks that imply gains of 83% or better could be around the corner.</p><p>Here&#39;s why they&#39;re so optimistic.</p><h2>Coinbase</h2><p><b>Coinbase</b> (NASDAQ:COIN) shares have fallen 36% so far this year, but Wall Street analysts who follow the cryptocurrency exchange think it can recover in a dramatic fashion. The average price target on Coinbase right now suggests 95% upside just around the corner.</p><p>Discount stock brokers have already chased each other to the bottom, but crypto traders are still willing to pay relatively large fees. In 2021, Coinbase delivered a stunning $3.6 billion profit that worked out to 49% of topline revenue.</p><p>Declining prices of <b>Bitcoin</b> and dozens of other cryptocurrencies could correspond with less trading activity this year. Luckily, collecting fees from cryptocurrency traders isn&#39;t nearly as important to Coinbase as collecting fees from cryptocurrency users.</p><p>If you want to get your hands on a non-fungible token (NFT) or manage <a href=\"https://laohu8.com/S/AONE.U\">one</a> that came with your new handbag, you&#39;re going to need a wallet from Coinbase or one of its competitors. In 2022, Coinbase expects to spend more than $4 billion on technology and development. That doesn&#39;t guarantee its crypto wallet will become ubiquitous, but it sure has a good chance.</p><h2>Shopify</h2><p>Shares of <b>Shopify</b> (NYSE:SHOP) have already crumbled by more than half in 2022, but Wall Street expects a rebound. The average target for this e-commerce giant represents an 83% gain over recent prices.</p><p>Shopify stock has been under a lot of pressure recently because the company delivered softer-than-expected guidance when management reported fourth-quarter earnings in February. The company expects e-commerce in the first half of 2022 to be muted compared to last year&#39;s pandemic-driven growth.</p><p>In addition to decelerating top-line revenue, Shopify expects to invest aggressively back into its business throughout 2022. This will squeeze the company&#39;s profit margins, but it will also cement its position as the best possible partner for independent merchants.</p><p>Shopify had a hand in more than 10% of America&#39;s e-commerce sales in 2021. That makes it second only to <b>Amazon</b> at the moment. Maintaining this dominance could get expensive, but it will all be worth it in the long run.</p><h2>Upstart</h2><p><b>Upstart</b>&#39;s (NASDAQ:UPST) stock price rose in response to a sparkling fourth-quarter earnings report in February. That wasn&#39;t much consolation to investors who have seen it fall 71% from a peak it reached last October.</p><p>Investment bank analysts who get paid to follow Upstart think the stock can bounce back and climb even further. The consensus price target on the fintech stock right now represents a 90% premium over its recent price.</p><p>Upstart employs artificial intelligence to sift through more data points than traditional <b>FICO</b> scores. Hiring Upstart to help originate loans allows banks to reach customers they may have overlooked due to FICO scores that don&#39;t paint a complete picture of their financial profile.</p><p>Banks are beating a path to Upstart&#39;s door right now. Total fourth-quarter revenue shot up 252% year over year, and 2022 could be another big year. Upstart mostly deals with personal loans, but it recently expanded operations to include the relatively enormous market for auto loans.</p><p>As more customers give Upstart more data to work with, the company&#39;s lead on any potential competitors gets longer. There could be more temporary dips, but Upstart&#39;s best days are ahead of us.</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>3 Growth Stocks Wall Street Thinks Could Soar 83% or More</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\">\n3 Growth Stocks Wall Street Thinks Could Soar 83% or More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-10 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/09/3-top-stocks-wall-street-thinks-could-soar-83-or-m/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Spring hasn't even sprung, and it's already been a lousy year to be a growth stock investor. The S&P 500 Growth Index has given up a jaw-dropping 18.1% in the year to date.Investment bank analysts up ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/09/3-top-stocks-wall-street-thinks-could-soar-83-or-m/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","BK4116":"互联网服务与基础架构","BK4166":"消费信贷","SHOP":"Shopify Inc","BK4528":"SaaS概念","BK4539":"次新股","UPST":"Upstart Holdings, Inc.","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4532":"文艺复兴科技持仓","BK4524":"宅经济概念","BK4548":"巴美列捷福持仓","BK4535":"淡马锡持仓","BK4551":"寇图资本持仓","BK4112":"金融交易所和数据","BK4561":"索罗斯持仓"},"source_url":"https://www.fool.com/investing/2022/03/09/3-top-stocks-wall-street-thinks-could-soar-83-or-m/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2218694281","content_text":"Spring hasn't even sprung, and it's already been a lousy year to be a growth stock investor. The S&P 500 Growth Index has given up a jaw-dropping 18.1% in the year to date.Investment bank analysts up and down Wall Street think the growth stock bashing we've seen all year has gone too far. In fact, they pinned some lofty price targets on these stocks that imply gains of 83% or better could be around the corner.Here's why they're so optimistic.CoinbaseCoinbase (NASDAQ:COIN) shares have fallen 36% so far this year, but Wall Street analysts who follow the cryptocurrency exchange think it can recover in a dramatic fashion. The average price target on Coinbase right now suggests 95% upside just around the corner.Discount stock brokers have already chased each other to the bottom, but crypto traders are still willing to pay relatively large fees. In 2021, Coinbase delivered a stunning $3.6 billion profit that worked out to 49% of topline revenue.Declining prices of Bitcoin and dozens of other cryptocurrencies could correspond with less trading activity this year. Luckily, collecting fees from cryptocurrency traders isn't nearly as important to Coinbase as collecting fees from cryptocurrency users.If you want to get your hands on a non-fungible token (NFT) or manage one that came with your new handbag, you're going to need a wallet from Coinbase or one of its competitors. In 2022, Coinbase expects to spend more than $4 billion on technology and development. That doesn't guarantee its crypto wallet will become ubiquitous, but it sure has a good chance.ShopifyShares of Shopify (NYSE:SHOP) have already crumbled by more than half in 2022, but Wall Street expects a rebound. The average target for this e-commerce giant represents an 83% gain over recent prices.Shopify stock has been under a lot of pressure recently because the company delivered softer-than-expected guidance when management reported fourth-quarter earnings in February. The company expects e-commerce in the first half of 2022 to be muted compared to last year's pandemic-driven growth.In addition to decelerating top-line revenue, Shopify expects to invest aggressively back into its business throughout 2022. This will squeeze the company's profit margins, but it will also cement its position as the best possible partner for independent merchants.Shopify had a hand in more than 10% of America's e-commerce sales in 2021. That makes it second only to Amazon at the moment. Maintaining this dominance could get expensive, but it will all be worth it in the long run.UpstartUpstart's (NASDAQ:UPST) stock price rose in response to a sparkling fourth-quarter earnings report in February. That wasn't much consolation to investors who have seen it fall 71% from a peak it reached last October.Investment bank analysts who get paid to follow Upstart think the stock can bounce back and climb even further. The consensus price target on the fintech stock right now represents a 90% premium over its recent price.Upstart employs artificial intelligence to sift through more data points than traditional FICO scores. Hiring Upstart to help originate loans allows banks to reach customers they may have overlooked due to FICO scores that don't paint a complete picture of their financial profile.Banks are beating a path to Upstart's door right now. Total fourth-quarter revenue shot up 252% year over year, and 2022 could be another big year. Upstart mostly deals with personal loans, but it recently expanded operations to include the relatively enormous market for auto loans.As more customers give Upstart more data to work with, the company's lead on any potential competitors gets longer. There could be more temporary dips, but Upstart's best days are ahead of us.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018659783,"gmtCreate":1649034671309,"gmtModify":1676534439372,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018659783","repostId":"1151950069","repostType":4,"repost":{"id":"1151950069","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":1649033424,"share":"https://www.laohu8.com/m/news/1151950069?lang=&edition=full","pubTime":"2022-04-04 08:50","market":"sg","language":"en","title":"Singapore Stocks to watch: CapitaLand Investment, SPH, SPH Reit, ALog Trust, Keppel Reit","url":"https://stock-news.laohu8.com/highlight/detail?id=1151950069","media":"Tiger Newspress","summary":"THE following companies saw new developments that may affect trading of their securities on Monday (Apr 4):CAPITALAND Development (CLD), the development arm of CapitaLand Group, has won the bids for 2","content":"<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Monday (Apr 4):</p><p>CAPITALAND Development (CLD), the development arm of CapitaLand Group, has won the bids for 2 prime residential sites in China for a total price of 3.5 billion yuan (S$748 million).</p><p>AS retail sentiments improve, SPH Real Estate Investment Trust (Reit) on Friday (Apr 1) posted a distribution per unit (DPU) of 1.44 Singapore cents for the fiscal second quarter ended Feb 28, 2022, bringing total distributions for the first half of the year to 2.68 cents.</p><p>CUSCADEN Peak&#39;s bid to acquire Singapore Press Holdings (SPH) via a scheme of arrangement was sanctioned in court on Friday (Apr 1).The last day of trading for SPH will be Apr 7, before the group&#39;s shares are suspended from 9 am the following day and subsequently delisted on May 13.</p><p>THE trustee and the property manager of Ara Logos Logistics Trust (ALog Trust)ARA LOGOS Log have received a writ of summons for a claim amounting to about S$8 million, plus interest and costs.</p><p>SINGAPORE&#39;S Central Business District (CBD) saw Grade A office rents record the fastest quarterly growth since rents turned around in Q2 2021, according to JLL Singapore in a recent report.Listed on SGX are 5 S-Reits with Singapore office properties in their portfolios. They are, Keppel Reit which is a pure-play office S-Reit, and diversified S-Reits CapitaLand Integrated Commercial Trust (CICT),CapLand IntCom,Suntec Reit, Mapletree Commercial Trust (MCT), Mapletree Com and OUE Commercial Reit (OUE C-Reit).OUE Com  Keppel Reit in FY21 had a tenant retention rate of 62 percent and noted that a majority of new and expansion leases were in Singapore.</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>Singapore Stocks to watch: CapitaLand Investment, SPH, SPH Reit, ALog Trust, Keppel Reit</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\">\nSingapore Stocks to watch: CapitaLand Investment, SPH, SPH Reit, ALog Trust, Keppel Reit\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\">2022-04-04 08:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Monday (Apr 4):</p><p>CAPITALAND Development (CLD), the development arm of CapitaLand Group, has won the bids for 2 prime residential sites in China for a total price of 3.5 billion yuan (S$748 million).</p><p>AS retail sentiments improve, SPH Real Estate Investment Trust (Reit) on Friday (Apr 1) posted a distribution per unit (DPU) of 1.44 Singapore cents for the fiscal second quarter ended Feb 28, 2022, bringing total distributions for the first half of the year to 2.68 cents.</p><p>CUSCADEN Peak&#39;s bid to acquire Singapore Press Holdings (SPH) via a scheme of arrangement was sanctioned in court on Friday (Apr 1).The last day of trading for SPH will be Apr 7, before the group&#39;s shares are suspended from 9 am the following day and subsequently delisted on May 13.</p><p>THE trustee and the property manager of Ara Logos Logistics Trust (ALog Trust)ARA LOGOS Log have received a writ of summons for a claim amounting to about S$8 million, plus interest and costs.</p><p>SINGAPORE&#39;S Central Business District (CBD) saw Grade A office rents record the fastest quarterly growth since rents turned around in Q2 2021, according to JLL Singapore in a recent report.Listed on SGX are 5 S-Reits with Singapore office properties in their portfolios. They are, Keppel Reit which is a pure-play office S-Reit, and diversified S-Reits CapitaLand Integrated Commercial Trust (CICT),CapLand IntCom,Suntec Reit, Mapletree Commercial Trust (MCT), Mapletree Com and OUE Commercial Reit (OUE C-Reit).OUE Com  Keppel Reit in FY21 had a tenant retention rate of 62 percent and noted that a majority of new and expansion leases were in Singapore.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"K71U.SI":"吉宝房地产信托","SK6U.SI":"百利宫房地产投资信托","5F7.SI":"维利顿资源","SPH":"Suburban Propane Partners L.P.","STI.SI":"富时新加坡海峡指数","CLILF":"Capitaland Investment Ltd."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151950069","content_text":"THE following companies saw new developments that may affect trading of their securities on Monday (Apr 4):CAPITALAND Development (CLD), the development arm of CapitaLand Group, has won the bids for 2 prime residential sites in China for a total price of 3.5 billion yuan (S$748 million).AS retail sentiments improve, SPH Real Estate Investment Trust (Reit) on Friday (Apr 1) posted a distribution per unit (DPU) of 1.44 Singapore cents for the fiscal second quarter ended Feb 28, 2022, bringing total distributions for the first half of the year to 2.68 cents.CUSCADEN Peak's bid to acquire Singapore Press Holdings (SPH) via a scheme of arrangement was sanctioned in court on Friday (Apr 1).The last day of trading for SPH will be Apr 7, before the group's shares are suspended from 9 am the following day and subsequently delisted on May 13.THE trustee and the property manager of Ara Logos Logistics Trust (ALog Trust)ARA LOGOS Log have received a writ of summons for a claim amounting to about S$8 million, plus interest and costs.SINGAPORE'S Central Business District (CBD) saw Grade A office rents record the fastest quarterly growth since rents turned around in Q2 2021, according to JLL Singapore in a recent report.Listed on SGX are 5 S-Reits with Singapore office properties in their portfolios. They are, Keppel Reit which is a pure-play office S-Reit, and diversified S-Reits CapitaLand Integrated Commercial Trust (CICT),CapLand IntCom,Suntec Reit, Mapletree Commercial Trust (MCT), Mapletree Com and OUE Commercial Reit (OUE C-Reit).OUE Com  Keppel Reit in FY21 had a tenant retention rate of 62 percent and noted that a majority of new and expansion leases were in Singapore.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039059100,"gmtCreate":1645848385931,"gmtModify":1676534070370,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039059100","repostId":"2214433184","repostType":4,"repost":{"id":"2214433184","pubTimestamp":1645830512,"share":"https://www.laohu8.com/m/news/2214433184?lang=&edition=full","pubTime":"2022-02-26 07:08","market":"us","language":"en","title":"Dow Posts Biggest Gain since Nov 2020 as Wall St Rebounds Second Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2214433184","media":"Reuters","summary":"* All sectors higher, led by gains in materials* Oil prices ease* Indexes: Dow up 2.5%, S&P 500 up 2.2%, Nasdaq up 1.6% (Updates close with volume, additional quotes, details)The Dow on Friday registe","content":"<html><head></head><body><p>* All sectors higher, led by gains in materials</p><p>* Oil prices ease</p><p>* Indexes: Dow up 2.5%, S&amp;P 500 up 2.2%, Nasdaq up 1.6% (Updates close with volume, additional quotes, details)</p><p>The Dow on Friday registered its biggest daily percentage gain since November 2020 with the market rebounding for a second day from the sharp selloff leading up to Russia&#39;s invasion of Ukraine.</p><p>Oil prices fell below $100 a barrel, easing some concerns about higher energy costs, and all 11 of the major S&amp;P 500 sectors ended up on the day. The S&amp;P 500 and Nasdaq also posted gains for the week.</p><p>Russian missiles pounded Kyiv and families cowered in shelters on Friday, a day after Russia unleashed a three-pronged invasion of Ukraine in the biggest attack on a European state since World War <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>.</p><p>Investors also were assessing news that Russian President Vladimir Putin told his Chinese counterpart Xi Jinping in a call that Russia was willing to hold high-level talks with Ukraine, according to China&#39;s foreign ministry.</p><p>Some strategists say stock-selling may have been overdone. The S&amp;P 500 confirmed earlier this week it was in a correction when it ended down more than 10% from its Jan. 3 record closing high.</p><p>&#34;It sure feels a lot more like we&#39;ve really exhausted sentiment in this correction,&#34; said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, noting that economic fundamentals and corporate health remain favorable.</p><p>The Dow Jones Industrial Average rose 834.92 points, or 2.51%, to 34,058.75, the S&amp;P 500 gained 95.95 points, or 2.24%, to 4,384.65 and the Nasdaq Composite added 221.04 points, or 1.64%, to 13,694.62.</p><p>For the week, the Dow was down 0.1%, the S&amp;P 500 was up 0.8% and the Nasdaq was up 1.1%.</p><p>The West on Thursday unveiled new sanctions on Russia, while NATO Secretary-General Jens Stoltenberg said on Friday the alliance was deploying parts of its combat-ready response force and would continue to send weapons to Ukraine.</p><p>&#34;In general, the sanctions are going to have some bite,&#34; but investors seem to be relieved that Washington dismissed the idea of going to war with Russia, said Kristina Hooper, chief global market strategist at Invesco.</p><p>She said volatility should remain high in the coming days as events in Ukraine dictate market moves, but that focus eventually will turn back to the Federal Reserve and the outlook for interest rates.</p><p>Some strategists noted that the sanctions announced Thursday targeted Russia&#39;s banks but left its energy sector largely untouched.</p><p>Health care gave the S&amp;P 500 its biggest boost.</p><p>Shares of Johnson &amp; Johnson climbed 5% after a U.S. judge ruled that the drugmaker&#39;s subsidiary can remain in bankruptcy, preventing plaintiffs from pursuing 38,000 lawsuits against the company alleging its baby powder and other talc products cause cancer.</p><p>The Cboe Volatility index, Wall Street&#39;s fear gauge, ended down at 27.59.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 4.29-to-1 ratio; on Nasdaq, a 2.63-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 15 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 66 new lows.</p><p>Volume on U.S. exchanges was 12.47 billion shares, compared with the 12.1 billion average for the full session over the last 20 trading days.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Posts Biggest Gain since Nov 2020 as Wall St Rebounds Second Day</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 Posts Biggest Gain since Nov 2020 as Wall St Rebounds Second Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-26 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-dow-posts-biggest-214015544.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>* All sectors higher, led by gains in materials* Oil prices ease* Indexes: Dow up 2.5%, S&P 500 up 2.2%, Nasdaq up 1.6% (Updates close with volume, additional quotes, details)The Dow on Friday ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-dow-posts-biggest-214015544.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4079":"房地产服务","SSO":"两倍做多标普500ETF","OEX":"标普100","BK4504":"桥水持仓",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","BK4539":"次新股","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","BK4534":"瑞士信贷持仓","COMP":"Compass, Inc.","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","OEF":"标普100指数ETF-iShares"},"source_url":"https://finance.yahoo.com/news/us-stocks-dow-posts-biggest-214015544.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2214433184","content_text":"* All sectors higher, led by gains in materials* Oil prices ease* Indexes: Dow up 2.5%, S&P 500 up 2.2%, Nasdaq up 1.6% (Updates close with volume, additional quotes, details)The Dow on Friday registered its biggest daily percentage gain since November 2020 with the market rebounding for a second day from the sharp selloff leading up to Russia's invasion of Ukraine.Oil prices fell below $100 a barrel, easing some concerns about higher energy costs, and all 11 of the major S&P 500 sectors ended up on the day. The S&P 500 and Nasdaq also posted gains for the week.Russian missiles pounded Kyiv and families cowered in shelters on Friday, a day after Russia unleashed a three-pronged invasion of Ukraine in the biggest attack on a European state since World War Two.Investors also were assessing news that Russian President Vladimir Putin told his Chinese counterpart Xi Jinping in a call that Russia was willing to hold high-level talks with Ukraine, according to China's foreign ministry.Some strategists say stock-selling may have been overdone. The S&P 500 confirmed earlier this week it was in a correction when it ended down more than 10% from its Jan. 3 record closing high.\"It sure feels a lot more like we've really exhausted sentiment in this correction,\" said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, noting that economic fundamentals and corporate health remain favorable.The Dow Jones Industrial Average rose 834.92 points, or 2.51%, to 34,058.75, the S&P 500 gained 95.95 points, or 2.24%, to 4,384.65 and the Nasdaq Composite added 221.04 points, or 1.64%, to 13,694.62.For the week, the Dow was down 0.1%, the S&P 500 was up 0.8% and the Nasdaq was up 1.1%.The West on Thursday unveiled new sanctions on Russia, while NATO Secretary-General Jens Stoltenberg said on Friday the alliance was deploying parts of its combat-ready response force and would continue to send weapons to Ukraine.\"In general, the sanctions are going to have some bite,\" but investors seem to be relieved that Washington dismissed the idea of going to war with Russia, said Kristina Hooper, chief global market strategist at Invesco.She said volatility should remain high in the coming days as events in Ukraine dictate market moves, but that focus eventually will turn back to the Federal Reserve and the outlook for interest rates.Some strategists noted that the sanctions announced Thursday targeted Russia's banks but left its energy sector largely untouched.Health care gave the S&P 500 its biggest boost.Shares of Johnson & Johnson climbed 5% after a U.S. judge ruled that the drugmaker's subsidiary can remain in bankruptcy, preventing plaintiffs from pursuing 38,000 lawsuits against the company alleging its baby powder and other talc products cause cancer.The Cboe Volatility index, Wall Street's fear gauge, ended down at 27.59.Advancing issues outnumbered declining ones on the NYSE by a 4.29-to-1 ratio; on Nasdaq, a 2.63-to-1 ratio favored advancers.The S&P 500 posted 15 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 66 new lows.Volume on U.S. exchanges was 12.47 billion shares, compared with the 12.1 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033788678,"gmtCreate":1646358161270,"gmtModify":1676534121793,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033788678","repostId":"2216416439","repostType":4,"repost":{"id":"2216416439","pubTimestamp":1646342215,"share":"https://www.laohu8.com/m/news/2216416439?lang=&edition=full","pubTime":"2022-03-04 05:16","market":"us","language":"en","title":"Wall Street Ends Lower as War in Ukraine Stirs Uncertainty","url":"https://stock-news.laohu8.com/highlight/detail?id=2216416439","media":"Reuters","summary":"March 3 (Reuters) - Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.Tesla dropped 4.6% and Amazon lo","content":"<html><head></head><body><p>March 3 (Reuters) - Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.</p><p>Tesla dropped 4.6% and Amazon lost 2.7%, both contributing more than any other stocks to the Nasdaq&#39;s steep decline.</p><p>The S&amp;P 500 growth index dipped 1.1% while the value index edged up 0.1%.</p><p>Reflecting a defensive mood on Wall Street, the S&amp;P 500 utilities index rallied 1.7% and real estate climbed 1.1%.</p><p>With Russia&#39;s invasion of Ukraine now a week in, hundreds of Russian soldiers and Ukrainian civilians have been killed, and Russia itself has been plunged into isolation.</p><p>&#34;The market is entirely locked on what this geopolitical turmoil looks like,&#34; said Ross Mayfield, an investment strategist at Baird in Louisville, Kentucky. &#34;Volatility is likely to remain for probably the near term, and maybe even the medium term, because I just don&#39;t see what an acceptable off ramp in the next couple of weeks for Ukraine or Putin.&#34;</p><p>Also, soaring prices of oil and other commodities have stoked fears that recent high inflation could combine with stagnant economic growth, making it more difficult for the Federal Reserve and other major central banks to manage interest rates.</p><p>The percentage of fund managers who expect so-called stagflation within the next 12 months stood at 30%, compared with 22% last month, a survey from BofA Global Research showed.</p><p>Wall Street surged in the previous session after Fed Chair Jerome Powell said he would back a quarter point rate increase at the March 15-16 meeting, assuaging some fears of a more aggressive hike.</p><p>&#34;We are going to stay in a tight range until we have the Fed meeting in two weeks because there&#39;s limited earnings,&#34; predicted Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York.</p><p>&#34;There&#39;s no real reason to be long, unless, of course, there&#39;s some peace or stability in Ukraine, which doesn&#39;t seem likely.&#34;</p><p>The Dow Jones Industrial Average fell 0.29% to end at 33,794.66 points, while the S&amp;P 500 lost 0.53% to 4,363.49.</p><p>The Nasdaq Composite dropped 1.56% to 13,537.94.</p><p>Volume on U.S. exchanges was 12.6 billion shares, the lowest in six days, according to Refinitiv data.</p><p>Meanwhile, data showed a measure of U.S. services industry activity dropped to a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year low in February and employment contracted.</p><p>Kroger Co jumped almost 12% after the grocer forecast upbeat annual same-store sales and profit, encouraged by strong demand for its pick-up and delivery services and sustained home-cooking trends.</p><p>American Eagle Outfitters Inc slid 9.3% after the apparel chain forecast a decline in earnings for the first half of 2022.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.48-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 23 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 45 new highs and 206 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Ends Lower as War in Ukraine Stirs Uncertainty</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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*/\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Ends Lower as War in Ukraine Stirs Uncertainty\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-04 05:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-211655064.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>March 3 (Reuters) - Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.Tesla dropped 4.6% and Amazon ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-211655064.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","UPRO":"三倍做多标普500ETF","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4538":"云计算","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","OEF":"标普100指数ETF-iShares","BK4561":"索罗斯持仓","BK4581":"高盛持仓","BK4079":"房地产服务","BK4504":"桥水持仓","SSO":"两倍做多标普500ETF","AMZN":"亚马逊","SDS":"两倍做空标普500ETF","BK4548":"巴美列捷福持仓",".SPX":"S&P 500 Index","SH":"标普500反向ETF","BK4539":"次新股","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","SPXU":"三倍做空标普500ETF","TSLA":"特斯拉","COMP":"Compass, Inc.","IVV":"标普500指数ETF","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","SPY":"标普500ETF","OEX":"标普100"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-211655064.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2216416439","content_text":"March 3 (Reuters) - Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.Tesla dropped 4.6% and Amazon lost 2.7%, both contributing more than any other stocks to the Nasdaq's steep decline.The S&P 500 growth index dipped 1.1% while the value index edged up 0.1%.Reflecting a defensive mood on Wall Street, the S&P 500 utilities index rallied 1.7% and real estate climbed 1.1%.With Russia's invasion of Ukraine now a week in, hundreds of Russian soldiers and Ukrainian civilians have been killed, and Russia itself has been plunged into isolation.\"The market is entirely locked on what this geopolitical turmoil looks like,\" said Ross Mayfield, an investment strategist at Baird in Louisville, Kentucky. \"Volatility is likely to remain for probably the near term, and maybe even the medium term, because I just don't see what an acceptable off ramp in the next couple of weeks for Ukraine or Putin.\"Also, soaring prices of oil and other commodities have stoked fears that recent high inflation could combine with stagnant economic growth, making it more difficult for the Federal Reserve and other major central banks to manage interest rates.The percentage of fund managers who expect so-called stagflation within the next 12 months stood at 30%, compared with 22% last month, a survey from BofA Global Research showed.Wall Street surged in the previous session after Fed Chair Jerome Powell said he would back a quarter point rate increase at the March 15-16 meeting, assuaging some fears of a more aggressive hike.\"We are going to stay in a tight range until we have the Fed meeting in two weeks because there's limited earnings,\" predicted Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York.\"There's no real reason to be long, unless, of course, there's some peace or stability in Ukraine, which doesn't seem likely.\"The Dow Jones Industrial Average fell 0.29% to end at 33,794.66 points, while the S&P 500 lost 0.53% to 4,363.49.The Nasdaq Composite dropped 1.56% to 13,537.94.Volume on U.S. exchanges was 12.6 billion shares, the lowest in six days, according to Refinitiv data.Meanwhile, data showed a measure of U.S. services industry activity dropped to a one-year low in February and employment contracted.Kroger Co jumped almost 12% after the grocer forecast upbeat annual same-store sales and profit, encouraged by strong demand for its pick-up and delivery services and sustained home-cooking trends.American Eagle Outfitters Inc slid 9.3% after the apparel chain forecast a decline in earnings for the first half of 2022.Declining issues outnumbered advancing ones on the NYSE by a 1.48-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored decliners.The S&P 500 posted 23 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 45 new highs and 206 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008440465,"gmtCreate":1641515792455,"gmtModify":1676533623723,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008440465","repostId":"2201295996","repostType":4,"repost":{"id":"2201295996","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":1641510309,"share":"https://www.laohu8.com/m/news/2201295996?lang=&edition=full","pubTime":"2022-01-07 07:05","market":"us","language":"en","title":"S&P 500 ends choppy session nearly flat, a day after sell-off","url":"https://stock-news.laohu8.com/highlight/detail?id=2201295996","media":"Reuters","summary":"* Financials, energy among top gaining sectors; tech falls* Meta Platforms shares rise* Monthly U.S.","content":"<html><head></head><body><p>* Financials, energy among top gaining sectors; tech falls</p><p>* <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> shares rise</p><p>* Monthly U.S. jobs report due Friday</p><p>* Indexes: Dow down 0.5%, S&amp;P 500 down 0.1%, Nasdaq down 0.1%</p><p>NEW YORK Jan 6 (Reuters) - The S&amp;P 500 ended a volatile session close to unchanged on Thursday, as technology shares fell but financials lent support a day after the market sold off on a hawkish slant in Federal Reserve minutes.</p><p>The S&amp;P 500 financials index rose 1.6%, extending this week&#39;s strong gains. Other economically sensitive sectors also advanced. Energy    gained 2.3% and is up more than 9% since Dec. 31.</p><p>Banks were among top performers among financials, with the S&amp;P 500 bank index up 2.6% following a rise in the benchmark U.S. 10-year Treasury yield, which touched its highest level since April 2021.Higher interest rates can increase profit margins for banks and financial firms.</p><p>Shares of Meta Platforms jumped 2.6%, the biggest boost to the S&amp;P 500 and Nasdaq.</p><p>The Dow ended down 0.5% and the heavily weighted S&amp;P 500 technology sector also eased 0.5%. The tech sector was biggest drag on the S&amp;P 500 on Wednesday when minutes from the Fed&#39;s December meeting signaled the possibility of sooner-than-expected interest rate hikes.</p><p>The Fed minutes cited a &#34;very tight&#34; job market and unabated inflation, increasing investor unease ahead of Friday&#39;s monthly jobs report from the U.S. Labor Department.</p><p>&#34;We have a jobs report tomorrow, which continues to be a focal area for the market in terms of the progression of the labor market,&#34; said Bill Northey, senior investment director at U.S. Bank Wealth Management.</p><p>A private payrolls report on Wednesday was stronger than expected.</p><p>The Dow Jones Industrial Average fell 170.64 points, or 0.47%, to 36,236.47, the S&amp;P 500 lost 4.53 points, or 0.10%, to 4,696.05 and the Nasdaq Composite dropped 19.31 points, or 0.13%, to 15,080.87.</p><p>Investors this week have mostly rotated out of technology-heavy growth shares and into more value-oriented stocks that tend to do better in a high interest-rate environment.</p><p>The S&amp;P 500 value index was up 0.1% on Thursday compared with a 0.3% decline in its growth counterpart.</p><p>Netflix Inc ended down 2.5% after J.P. Morgan cut its price target on the movie streaming platform&#39;s stock.</p><p>Data on Thursday showed the number of Americans filing new claims for unemployment benefits rose last week. Separately, U.S. services industry activity slowed more than expected in December, but supply bottlenecks appeared to be easing.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.07-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 32 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 78 new highs and 492 new lows.</p><p>Volume on U.S. exchanges was 11.10 billion shares, compared with the 10.4 billion average for the full session over the last 20 trading days.</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 ends choppy session nearly flat, a day after sell-off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 ends choppy session nearly flat, a day after sell-off\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-07 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Financials, energy among top gaining sectors; tech falls</p><p>* <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> shares rise</p><p>* Monthly U.S. jobs report due Friday</p><p>* Indexes: Dow down 0.5%, S&amp;P 500 down 0.1%, Nasdaq down 0.1%</p><p>NEW YORK Jan 6 (Reuters) - The S&amp;P 500 ended a volatile session close to unchanged on Thursday, as technology shares fell but financials lent support a day after the market sold off on a hawkish slant in Federal Reserve minutes.</p><p>The S&amp;P 500 financials index rose 1.6%, extending this week&#39;s strong gains. Other economically sensitive sectors also advanced. Energy    gained 2.3% and is up more than 9% since Dec. 31.</p><p>Banks were among top performers among financials, with the S&amp;P 500 bank index up 2.6% following a rise in the benchmark U.S. 10-year Treasury yield, which touched its highest level since April 2021.Higher interest rates can increase profit margins for banks and financial firms.</p><p>Shares of Meta Platforms jumped 2.6%, the biggest boost to the S&amp;P 500 and Nasdaq.</p><p>The Dow ended down 0.5% and the heavily weighted S&amp;P 500 technology sector also eased 0.5%. The tech sector was biggest drag on the S&amp;P 500 on Wednesday when minutes from the Fed&#39;s December meeting signaled the possibility of sooner-than-expected interest rate hikes.</p><p>The Fed minutes cited a &#34;very tight&#34; job market and unabated inflation, increasing investor unease ahead of Friday&#39;s monthly jobs report from the U.S. Labor Department.</p><p>&#34;We have a jobs report tomorrow, which continues to be a focal area for the market in terms of the progression of the labor market,&#34; said Bill Northey, senior investment director at U.S. Bank Wealth Management.</p><p>A private payrolls report on Wednesday was stronger than expected.</p><p>The Dow Jones Industrial Average fell 170.64 points, or 0.47%, to 36,236.47, the S&amp;P 500 lost 4.53 points, or 0.10%, to 4,696.05 and the Nasdaq Composite dropped 19.31 points, or 0.13%, to 15,080.87.</p><p>Investors this week have mostly rotated out of technology-heavy growth shares and into more value-oriented stocks that tend to do better in a high interest-rate environment.</p><p>The S&amp;P 500 value index was up 0.1% on Thursday compared with a 0.3% decline in its growth counterpart.</p><p>Netflix Inc ended down 2.5% after J.P. Morgan cut its price target on the movie streaming platform&#39;s stock.</p><p>Data on Thursday showed the number of Americans filing new claims for unemployment benefits rose last week. Separately, U.S. services industry activity slowed more than expected in December, but supply bottlenecks appeared to be easing.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.07-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 32 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 78 new highs and 492 new lows.</p><p>Volume on U.S. exchanges was 11.10 billion shares, compared with the 10.4 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","BK4550":"红杉资本持仓","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2201295996","content_text":"* Financials, energy among top gaining sectors; tech falls* Meta Platforms shares rise* Monthly U.S. jobs report due Friday* Indexes: Dow down 0.5%, S&P 500 down 0.1%, Nasdaq down 0.1%NEW YORK Jan 6 (Reuters) - The S&P 500 ended a volatile session close to unchanged on Thursday, as technology shares fell but financials lent support a day after the market sold off on a hawkish slant in Federal Reserve minutes.The S&P 500 financials index rose 1.6%, extending this week's strong gains. Other economically sensitive sectors also advanced. Energy    gained 2.3% and is up more than 9% since Dec. 31.Banks were among top performers among financials, with the S&P 500 bank index up 2.6% following a rise in the benchmark U.S. 10-year Treasury yield, which touched its highest level since April 2021.Higher interest rates can increase profit margins for banks and financial firms.Shares of Meta Platforms jumped 2.6%, the biggest boost to the S&P 500 and Nasdaq.The Dow ended down 0.5% and the heavily weighted S&P 500 technology sector also eased 0.5%. The tech sector was biggest drag on the S&P 500 on Wednesday when minutes from the Fed's December meeting signaled the possibility of sooner-than-expected interest rate hikes.The Fed minutes cited a \"very tight\" job market and unabated inflation, increasing investor unease ahead of Friday's monthly jobs report from the U.S. Labor Department.\"We have a jobs report tomorrow, which continues to be a focal area for the market in terms of the progression of the labor market,\" said Bill Northey, senior investment director at U.S. Bank Wealth Management.A private payrolls report on Wednesday was stronger than expected.The Dow Jones Industrial Average fell 170.64 points, or 0.47%, to 36,236.47, the S&P 500 lost 4.53 points, or 0.10%, to 4,696.05 and the Nasdaq Composite dropped 19.31 points, or 0.13%, to 15,080.87.Investors this week have mostly rotated out of technology-heavy growth shares and into more value-oriented stocks that tend to do better in a high interest-rate environment.The S&P 500 value index was up 0.1% on Thursday compared with a 0.3% decline in its growth counterpart.Netflix Inc ended down 2.5% after J.P. Morgan cut its price target on the movie streaming platform's stock.Data on Thursday showed the number of Americans filing new claims for unemployment benefits rose last week. Separately, U.S. services industry activity slowed more than expected in December, but supply bottlenecks appeared to be easing.Advancing issues outnumbered declining ones on the NYSE by a 1.07-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored decliners.The S&P 500 posted 32 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 78 new highs and 492 new lows.Volume on U.S. exchanges was 11.10 billion shares, compared with the 10.4 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177587924,"gmtCreate":1627252741068,"gmtModify":1703485880599,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like.&nbsp;","listText":"Please like.&nbsp;","text":"Please like.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/177587924","repostId":"2153878189","repostType":4,"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003021012,"gmtCreate":1640828117613,"gmtModify":1676533545537,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003021012","repostId":"2195466435","repostType":4,"repost":{"id":"2195466435","pubTimestamp":1640814752,"share":"https://www.laohu8.com/m/news/2195466435?lang=&edition=full","pubTime":"2021-12-30 05:52","market":"us","language":"en","title":"Dow, S&P Close at Record Highs as Omicron Worries Ease","url":"https://stock-news.laohu8.com/highlight/detail?id=2195466435","media":"Reuters","summary":"Dec 29 (Reuters) - The Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retaile","content":"<html><head></head><body><p>Dec 29 (Reuters) - The Dow and S&amp;P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading Omicron variant.</p><p>The Dow has now risen six straight trading days, marking the longest streak of gains since a seven-session run from March 5 to March 15 this year.</p><p><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a> and Nike Inc rose 1.59% and 1.42% respectively against the backdrop of recent reports suggesting holiday sales were strong for U.S. retailers.</p><p>Data on Wednesday showed the U.S. trade deficit in goods mushroomed to the widest ever in November as imports of consumer goods shot to a record, as the coronavirus pandemic has limited spending by Americans on services.</p><p>Some early studies pointing to a reduced risk of hospitalization in Omicron cases have eased some investors concerns over the travel disruptions and powered the S&amp;P 500 to record highs this week.</p><p>&#34;The market started to recognize that the Omicron variant was in a strange way good news, because it will burn itself out more rapidly because it&#39;s easily transmissible, but it&#39;s less likely to overwhelm hospitals,&#34; said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. Still, he said Omicron arguably is going to be a headwind for at least the next month.</p><p>Meanwhile, the S&amp;P 1500 airlines index dipped. Delta Air Lines and Alaska Air Group canceled hundreds of flights again on Tuesday as the daily tally of infections in the United States surged.</p><p>Three of the 11 major S&amp;P sector indexes declined, the energy index, the consumer services sector .SPLRCL and the financial sector are in the red.</p><p>Typically, the final five trading days of the year and the first two of the subsequent year are seasonally strong for U.S. stocks, known as the &#34;Santa Claus Rally.&#34; However, market participants warned against reading too much into daily moves as the holiday season tends to record some of the lowest volume turnovers that can cause exaggerated price action.</p><p>The Dow Jones Industrial Average rose 90.42 points, or 0.25%, to 36,488.63, the S&amp;P 500 gained 6.71 points, or 0.14%, to 4,793.06 and the Nasdaq Composite dropped 15.51 points, or 0.1%, to 15,766.22.</p><p>The S&amp;P 500 dipped on Tuesday in the lowest trading volume session of 2021, snapping a four-day winning streak.</p><p>As 2021 draws to a close, the main U.S. stock indexes are on pace for their third straight year of stunning annual returns, boosted by historic fiscal and monetary stimulus. The S&amp;P 500 is looking at its strongest three-year performance since 1999.</p><p>The focus next year will shift to the U.S. Federal Reserve&#39;s path of interest rate hikes amid a surge in prices caused by supply chain bottlenecks and a strong economic rebound.</p><p>Among other stocks, shares of Victoria’s Secret &amp; Co rose more than 12% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The retailer also said they had strong sales over the holidays.</p><p>Tesla&#39;s CEO Elon Musk exercised all of his options expiring next year, signaling an end to his stock sales. Its shares dropped 0.21% but were still on course to end about 54% for the year.</p><p>Volume on U.S. exchanges was 7.89 billion shares, compared with the 11.15 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.43-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 76 new 52-week highs and no new lows; the Nasdaq Composite recorded 77 new highs and 374 new lows.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow, S&P Close at Record Highs as Omicron Worries Ease</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\">\nDow, S&P Close at Record Highs as Omicron Worries Ease\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-30 05:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-dow-p-close-215232570.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dec 29 (Reuters) - The Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading Omicron variant...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-dow-p-close-215232570.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4550":"红杉资本持仓","SDS":"两倍做空标普500ETF","UPRO":"三倍做多标普500ETF","BK4539":"次新股","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","BK4504":"桥水持仓","OEF":"标普100指数ETF-iShares","OEX":"标普100","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓","BK4079":"房地产服务","SPY":"标普500ETF"},"source_url":"https://finance.yahoo.com/news/us-stocks-dow-p-close-215232570.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2195466435","content_text":"Dec 29 (Reuters) - The Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading Omicron variant.The Dow has now risen six straight trading days, marking the longest streak of gains since a seven-session run from March 5 to March 15 this year.Walgreens Boots Alliance and Nike Inc rose 1.59% and 1.42% respectively against the backdrop of recent reports suggesting holiday sales were strong for U.S. retailers.Data on Wednesday showed the U.S. trade deficit in goods mushroomed to the widest ever in November as imports of consumer goods shot to a record, as the coronavirus pandemic has limited spending by Americans on services.Some early studies pointing to a reduced risk of hospitalization in Omicron cases have eased some investors concerns over the travel disruptions and powered the S&P 500 to record highs this week.\"The market started to recognize that the Omicron variant was in a strange way good news, because it will burn itself out more rapidly because it's easily transmissible, but it's less likely to overwhelm hospitals,\" said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. Still, he said Omicron arguably is going to be a headwind for at least the next month.Meanwhile, the S&P 1500 airlines index dipped. Delta Air Lines and Alaska Air Group canceled hundreds of flights again on Tuesday as the daily tally of infections in the United States surged.Three of the 11 major S&P sector indexes declined, the energy index, the consumer services sector .SPLRCL and the financial sector are in the red.Typically, the final five trading days of the year and the first two of the subsequent year are seasonally strong for U.S. stocks, known as the \"Santa Claus Rally.\" However, market participants warned against reading too much into daily moves as the holiday season tends to record some of the lowest volume turnovers that can cause exaggerated price action.The Dow Jones Industrial Average rose 90.42 points, or 0.25%, to 36,488.63, the S&P 500 gained 6.71 points, or 0.14%, to 4,793.06 and the Nasdaq Composite dropped 15.51 points, or 0.1%, to 15,766.22.The S&P 500 dipped on Tuesday in the lowest trading volume session of 2021, snapping a four-day winning streak.As 2021 draws to a close, the main U.S. stock indexes are on pace for their third straight year of stunning annual returns, boosted by historic fiscal and monetary stimulus. The S&P 500 is looking at its strongest three-year performance since 1999.The focus next year will shift to the U.S. Federal Reserve's path of interest rate hikes amid a surge in prices caused by supply chain bottlenecks and a strong economic rebound.Among other stocks, shares of Victoria’s Secret & Co rose more than 12% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The retailer also said they had strong sales over the holidays.Tesla's CEO Elon Musk exercised all of his options expiring next year, signaling an end to his stock sales. Its shares dropped 0.21% but were still on course to end about 54% for the year.Volume on U.S. exchanges was 7.89 billion shares, compared with the 11.15 billion average for the full session over the last 20 trading days.Advancing issues outnumbered declining ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.43-to-1 ratio favored decliners.The S&P 500 posted 76 new 52-week highs and no new lows; the Nasdaq Composite recorded 77 new highs and 374 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035473123,"gmtCreate":1647663735997,"gmtModify":1676534257201,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035473123","repostId":"2220777059","repostType":4,"repost":{"id":"2220777059","pubTimestamp":1647653153,"share":"https://www.laohu8.com/m/news/2220777059?lang=&edition=full","pubTime":"2022-03-19 09:25","market":"sg","language":"en","title":"Sea Limited: The Three-Headed Monster","url":"https://stock-news.laohu8.com/highlight/detail?id=2220777059","media":"seekingalpha","summary":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but B","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Garena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.</li><li>In addition, Shopee&#39;s losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.</li><li>SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea&#39;s second cash cow.</li><li>With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion.</li><li>Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51b3290f2015840c5d8f754c01de8a85\" tg-width=\"750\" tg-height=\"422\" referrerpolicy=\"no-referrer\"/><span>undefined undefined/iStock via Getty Images</span></p><p>I&#39;ve been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I&#39;m doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let&#39;s get started!</p><p><b>Investment Thesis</b></p><p>Sea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company&#39;s slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee&#39;s losses are also getting worse.</p><p>The Group&#39;s cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.</p><p>On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea&#39;s second cash cow.</p><p>Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.</p><p>The three-headed monster is a Buy at these levels.</p><p><b>Value Proposition</b></p><p>Founded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.</p><blockquote><b>Mission</b>: To better the lives of consumers and small businesses with technology.</blockquote><p>Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea&#39;s main value proposition is providing a vertically-integrated experience through its different core businesses.</p><p><b>Garena</b></p><p>Its digital entertainment division, Garena, was Sea&#39;s first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.</p><p>Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena&#39;s Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s findings, Free Fire still holds the most downloads globally as of January 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa392753c19f14d60ee0d992e58c3d2f\" tg-width=\"1280\" tg-height=\"741\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>Garena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.</p><p>In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.</p><p><b>Shopee</b></p><p>Perhaps the most exciting business segment is Sea&#39;s mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6649de846b2942b928a3f3e5d4035003\" tg-width=\"640\" tg-height=\"200\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee</span></p><p>Through the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee&#39;s two premium shopping platforms, Shopee Mall and Shopee Premium.</p><p>Along with Shopee&#39;s e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:</p><ul><li><b>Service by Shopee</b> - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.</li><li><b>BuyerProtection</b> - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers&#39; funds in a separate account until delivery is complete, where funds will be released to buyers.</li><li><b>Integrated Logistics Services</b>- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.</li><li><b>Social Features</b> - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).</li><li><b>On-demand Services</b>- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).</li></ul><p>Shopee&#39;s scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee&#39;s most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f9c550b140720336e00cc78e954d184\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p><b>SeaMoney</b></p><p>SeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea&#39;s operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney&#39;s various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.</p><p>Through SeaMoney&#39;s mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a &#34;buy now pay later&#34; payment option, enables consumers to purchase items without accessing credit. For those who are interested, I&#39;ve written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.</p><p>SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c85c862195f86fe9d4f0f8c8beced6b\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SeaBank Website</span></p><p>SeaMoney&#39;s main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea&#39;s other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.</p><p><b>Market Opportunity</b></p><p>Sea&#39;s market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let&#39;s take a look at each industry that Sea operates in.</p><p>First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f72bda6df6bc2b7bdf8756d218f53185\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>According to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021&#39;s total figure. Given Garena&#39;s successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity&#39;s findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.</p><p>Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.</p><p>Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee&#39;s vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fcb903aed7c0ec901fc83c4f25f18b8\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.</p><p>Lastly, we have the fintech industry pertaining to SeaMoney. In my <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea&#39;s markets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47ec896a6208b6023ae89f654704bbc7\" tg-width=\"1261\" tg-height=\"706\" referrerpolicy=\"no-referrer\"/><span>Source: Ark Invest Big Ideas 2022</span></p><p>As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney&#39;s other brands will benefit from this trend. Also of important note, SeaMoney&#39;s expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0eb814b800c3121e3fb8cd0913f239d5\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.</p><p><b>Revenue Model</b></p><p>As mentioned previously, Sea operates three main business segments.</p><p><b>Digital Entertainment</b></p><p>Garena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.</p><p>Investors should take note of how revenue is recognized for this segment. According to Sea&#39;s 10-K:</p><blockquote>Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.</blockquote><p>Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.</p><blockquote>Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.</blockquote><p><b>E-commerce</b></p><p>Shopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.</p><p>Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.</p><p><b>Digital Financial Services</b></p><p>SeaMoney revenue consists of:</p><ul><li>Interest and fees from loans granted to commercial customers</li><li>Interest and fees from Sea&#39;s consumer credit business such as SPayLater</li><li>Commissions charged to merchants when a customer pays using SeaMoney&#39;s mobile wallet</li></ul><p><b>Income Statement</b></p><p>Let&#39;s analyze each of the business segments and then look at the entire Group as a whole.</p><p><b>Digital Entertainment</b></p><p>Garena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/998dfbcf3f3dba11b8f8722710c36ba4\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e06de5e6066b66cd5596a445cd912c98\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3&#39;s QAUs of 729 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5bdd570a9eb859a9fef8569c9fad10a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3&#39;s 93 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/092c4a2f47b9336f2753b4548707b39f\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea&#39;s two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f28c9f35ee55afb5c7d170a80d26ebf2\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.</p><p><b>E-Commerce</b></p><p>Shopee GMV continues its upward march as e-commerce continues to gain traction in Shopee&#39;s existing and newer markets. However, we&#39;re also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f657f7cacc9e00bc57df0e913fdb9ae\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>GMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fbc7f044de03ec379f262a5bfcdf331\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27710dc2140a6d139900819f51bd688a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The faster growth in Revenue was due to Shopee&#39;s increasing take rate, which displays Shopee&#39;s ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e4267bc5d33a2153e8624f73ed71540\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Despite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9d27cef61bc9a9058233f7eccc5eaa1\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c0d6aa930a81ea4fc153b7134dbf9d3\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>On the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before &#34;allocation of the headquarters’ common expenses&#34; was $(0.15), an improvement from last year&#39;s $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:</p><blockquote>We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.</blockquote><p><b>Digital Financial Services</b></p><p>SeaMoney&#39;s Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fa5ef6efa513d9040963fda42b4b9f2\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9397aec066366f40ec92c24187347a44\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcaf6046cf3c27e00b233a8428eb2d75\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Furthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.</p><p>As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney&#39;s AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51f0d5a1800fef748694417e8cb8fc9f\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>This is the segment that investors should pay special attention to, given that it has the potential to be Sea&#39;s second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney&#39;s long-term margin profile.</p><p><b>Group</b></p><p>With that said, let&#39;s take a look at how the business is doing as a whole.</p><p>FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38de60bd773f3ef7afc4b2e28aa1c08f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Here, we can see how Revenue is distributed across the different segments.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a86e59478db8a3a4fdc85897f24410e9\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>What&#39;s encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee&#39;s aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd978ba4047cc6e20ac6086ba8420a8f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Operating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fbdbde2c2ae744f36f8168ed32f94d62\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Most of the Operating Expenses were used for Sales &amp; Marketing purposes. Unsurprisingly, Shopee had the highest S&amp;M burn rate. Discounts, cashback, celebrity promotions... they&#39;re everywhere.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5253f186120da17c4cd901e5c442bd1e\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Operating Profit Margins is still negative, although it is trending in the right direction.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a27b7833551107397c44acefc5ad2475\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA, on the other hand, is plunging. This is due to Garena&#39;s falling Bookings and Shoppe&#39;s widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d89fb95f74e23e85f8932870c0190bee\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021&#39;s number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.</p><p>On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena&#39;s estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae5e9399a838e5f841dcccaffbe673d8\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Because Garena is such an important piece of Shopee&#39;s and SeaMoney&#39;s growth story, a deceleration in Garena&#39;s business had investors reacting so negatively to Sea&#39;s latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.</p><p><b>Balance Sheet</b></p><p>Sea&#39;s balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc30ee494abc2eda3b75434b96e4a66b\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Adjusting for Sea&#39;s debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d3d0030e6518cc4198245f624cc75e1\" tg-width=\"640\" tg-height=\"437\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>With net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.</p><p><b>Cash Flow Statement</b></p><p>Here is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0aba061277a1410bb9f3dc176ea0115\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Unlike other high-flying growth companies, Sea&#39;s Share-Based Compensation expenses are relatively low.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81fa229682c8880d6edd35535ef6a747\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p><b>Competitive Moats</b></p><p>Based on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.</p><p><b>Brand</b></p><p>As discussed in previous sections, Garena&#39;s games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.</p><p><b>Network Effects</b></p><p>The sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world&#39;s population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.</p><p>With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c641ac08707cc868b9e6004e2deaf950\" tg-width=\"1200\" tg-height=\"600\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee Brazil</span></p><p><b>Barriers To Entry</b></p><p>I believe each of Sea&#39;s core businesses is operating in a winner-takes-most environment with high barriers to entry.</p><p>The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena&#39;s Free Fire is certainly a blockbuster game and time in Free Fire&#39;s game means time away from other mobile games.</p><p>Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.</p><p>Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.</p><p><b>Valuation</b></p><p>Based on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2400cd917e5f6ce8c47ef74a8062093\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/><span>Source: Author&#39;s Analysis</span></p><p>On the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bed1fd805a89523bbb8fa982bee40079\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>In terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf589a808c84131e9c36aa7b65a5129\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>The valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.</p><p><b>Catalysts</b></p><ul><li><b>Successful International Expansion</b> — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee&#39;s growth could turn exponential.</li><li><b>The Metaverse</b> — Sea&#39;s withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.</li></ul><blockquote>We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.</blockquote><ul><li><b>Regional SuperApp</b> — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.</li><li><b>Continued Growth In SeaMoney</b> — SeaMoney is still in its early stages and continued adoption of Sea&#39;s digital financial services offerings will be a strong addition to Sea&#39;s bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.</li><li><b>Free Fire India Ban Lift</b>— Garena&#39;s weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea&#39;s cash burn problems may be eliminated.</li></ul><p><b>Risks</b></p><ul><li><b>The Pressure to Launch Blockbuster Games</b>— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.</li><li><b>Shopee India Ban</b> — With Free Fire banned in India, there&#39;s also the potential for Shoppe to be banned as well.</li><li><b>Failure to Gain Traction in International Markets</b>— Shopee pulled out of France in early March, an indication that Shoppe&#39;s business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.</li><li><b>Geopolitical Risks</b>— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.</li><li><b>Local Competition</b>— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.</li></ul><p>In addition, there&#39;s a certain level of pride for consumers to see their native-born companies succeed. I&#39;m Indonesian, and it makes me really happy to see GoTo grow and grow.</p><p>GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here&#39;s a glance of GoTo&#39;s stats for the 12-months ended 30 September 2021:</p><ul><li>Valuation: $26.2 billion to $28.8 billion</li><li>GMV: $28.8 billion</li><li>Revenue: $1 billion</li><li>Gross Orders: 2 billion</li><li>Annual Transacting Users: 55 million</li><li>Driver Partners: 2.5 million</li><li>Merchants: 14 million</li></ul><p>The point is that there are big-time local players operating in Sea&#39;s markets that investors should never ignore. Here&#39;s a little snippet from my previous Shopee article:</p><blockquote>But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.</blockquote><blockquote>Meanwhile, Sea Limited&#39;s stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo&#39;s integration, Shopee&#39;s vertically-integrated business model doesn&#39;t look like a strong competitive advantage anymore.</blockquote><p><b>Conclusion</b></p><p>Each of Sea&#39;s core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.</p><p>That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company&#39;s unsustainable cash burn rate, which will likely lead to further capital raises in the near future.</p><p>Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.</p><p>Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don&#39;t hesitate to share your thoughts as well.</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>Sea Limited: The Three-Headed Monster</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\">\nSea Limited: The Three-Headed Monster\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-19 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2220777059","content_text":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea's second cash cow.With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion.Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.undefined undefined/iStock via Getty ImagesI've been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I'm doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let's get started!Investment ThesisSea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company's slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee's losses are also getting worse.The Group's cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea's second cash cow.Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.The three-headed monster is a Buy at these levels.Value PropositionFounded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.Mission: To better the lives of consumers and small businesses with technology.Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea's main value proposition is providing a vertically-integrated experience through its different core businesses.GarenaIts digital entertainment division, Garena, was Sea's first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena's Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor Tower's findings, Free Fire still holds the most downloads globally as of January 2022.Source: SensorTowerGarena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.ShopeePerhaps the most exciting business segment is Sea's mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.Source: ShopeeThrough the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee's two premium shopping platforms, Shopee Mall and Shopee Premium.Along with Shopee's e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:Service by Shopee - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.BuyerProtection - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers' funds in a separate account until delivery is complete, where funds will be released to buyers.Integrated Logistics Services- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.Social Features - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).On-demand Services- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).Shopee's scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee's most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.Source: SensorTowerSeaMoneySeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea's operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney's various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.Through SeaMoney's mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a \"buy now pay later\" payment option, enables consumers to purchase items without accessing credit. For those who are interested, I've written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.Source: SeaBank WebsiteSeaMoney's main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea's other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.Market OpportunitySea's market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let's take a look at each industry that Sea operates in.First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.Source: SensorTowerAccording to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021's total figure. Given Garena's successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity's findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee's vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.Source: e-Conomy SEA 2021Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.Lastly, we have the fintech industry pertaining to SeaMoney. In my PayPal (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea's markets.Source: Ark Invest Big Ideas 2022As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney's other brands will benefit from this trend. Also of important note, SeaMoney's expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.Source: e-Conomy SEA 2021As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.Revenue ModelAs mentioned previously, Sea operates three main business segments.Digital EntertainmentGarena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.Investors should take note of how revenue is recognized for this segment. According to Sea's 10-K:Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.E-commerceShopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.Digital Financial ServicesSeaMoney revenue consists of:Interest and fees from loans granted to commercial customersInterest and fees from Sea's consumer credit business such as SPayLaterCommissions charged to merchants when a customer pays using SeaMoney's mobile walletIncome StatementLet's analyze each of the business segments and then look at the entire Group as a whole.Digital EntertainmentGarena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.Source: Sea Limited Investor Relations and Author's AnalysisThe rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.Source: Sea Limited Investor Relations and Author's AnalysisThe drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3's QAUs of 729 million.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3's 93 million.Source: Sea Limited Investor Relations and Author's AnalysisThe markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea's two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.Source: Sea Limited Investor Relations and Author's AnalysisAs such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.E-CommerceShopee GMV continues its upward march as e-commerce continues to gain traction in Shopee's existing and newer markets. However, we're also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.Source: Sea Limited Investor Relations and Author's AnalysisGMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.Source: Sea Limited Investor Relations and Author's AnalysisThe increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.Source: Sea Limited Investor Relations and Author's AnalysisThe faster growth in Revenue was due to Shopee's increasing take rate, which displays Shopee's ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.Source: Sea Limited Investor Relations and Author's AnalysisDespite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).Source: Sea Limited Investor Relations and Author's AnalysisOn the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before \"allocation of the headquarters’ common expenses\" was $(0.15), an improvement from last year's $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.Digital Financial ServicesSeaMoney's Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.Source: Sea Limited Investor Relations and Author's AnalysisThe growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.Source: Sea Limited Investor Relations and Author's AnalysisThe real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.Source: Sea Limited Investor Relations and Author's AnalysisFurthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney's AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.Source: Sea Limited Investor Relations and Author's AnalysisThis is the segment that investors should pay special attention to, given that it has the potential to be Sea's second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney's long-term margin profile.GroupWith that said, let's take a look at how the business is doing as a whole.FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.Source: Sea Limited Investor Relations and Author's AnalysisHere, we can see how Revenue is distributed across the different segments.Source: Sea Limited Investor Relations and Author's AnalysisWhat's encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee's aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.Source: Sea Limited Investor Relations and Author's AnalysisOperating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.Source: Sea Limited Investor Relations and Author's AnalysisMost of the Operating Expenses were used for Sales & Marketing purposes. Unsurprisingly, Shopee had the highest S&M burn rate. Discounts, cashback, celebrity promotions... they're everywhere.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Operating Profit Margins is still negative, although it is trending in the right direction.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA, on the other hand, is plunging. This is due to Garena's falling Bookings and Shoppe's widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.Source: Sea Limited Investor Relations and Author's AnalysisThe guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021's number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena's estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.Source: Sea Limited FY2021 Q4 Investor PresentationBecause Garena is such an important piece of Shopee's and SeaMoney's growth story, a deceleration in Garena's business had investors reacting so negatively to Sea's latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.Balance SheetSea's balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.Source: Sea Limited FY2021 Q4 Investor PresentationAdjusting for Sea's debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.Source: Sea Limited Investor Relations and Author's AnalysisWith net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.Cash Flow StatementHere is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.Source: Sea Limited Investor Relations and Author's AnalysisUnlike other high-flying growth companies, Sea's Share-Based Compensation expenses are relatively low.Source: Sea Limited Investor Relations and Author's AnalysisCompetitive MoatsBased on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.BrandAs discussed in previous sections, Garena's games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.Network EffectsThe sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world's population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.Source: Shopee BrazilBarriers To EntryI believe each of Sea's core businesses is operating in a winner-takes-most environment with high barriers to entry.The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena's Free Fire is certainly a blockbuster game and time in Free Fire's game means time away from other mobile games.Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and MercadoLibre (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.ValuationBased on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.Source: Author's AnalysisOn the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.Source: KoyfinIn terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.Source: KoyfinThe valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.CatalystsSuccessful International Expansion — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee's growth could turn exponential.The Metaverse — Sea's withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.Regional SuperApp — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.Continued Growth In SeaMoney — SeaMoney is still in its early stages and continued adoption of Sea's digital financial services offerings will be a strong addition to Sea's bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.Free Fire India Ban Lift— Garena's weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea's cash burn problems may be eliminated.RisksThe Pressure to Launch Blockbuster Games— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.Shopee India Ban — With Free Fire banned in India, there's also the potential for Shoppe to be banned as well.Failure to Gain Traction in International Markets— Shopee pulled out of France in early March, an indication that Shoppe's business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.Geopolitical Risks— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.Local Competition— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.In addition, there's a certain level of pride for consumers to see their native-born companies succeed. I'm Indonesian, and it makes me really happy to see GoTo grow and grow.GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here's a glance of GoTo's stats for the 12-months ended 30 September 2021:Valuation: $26.2 billion to $28.8 billionGMV: $28.8 billionRevenue: $1 billionGross Orders: 2 billionAnnual Transacting Users: 55 millionDriver Partners: 2.5 millionMerchants: 14 millionThe point is that there are big-time local players operating in Sea's markets that investors should never ignore. Here's a little snippet from my previous Shopee article:But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.Meanwhile, Sea Limited's stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo's integration, Shopee's vertically-integrated business model doesn't look like a strong competitive advantage anymore.ConclusionEach of Sea's core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company's unsustainable cash burn rate, which will likely lead to further capital raises in the near future.Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don't hesitate to share your thoughts as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035128935,"gmtCreate":1647555090997,"gmtModify":1676534242421,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035128935","repostId":"1145367741","repostType":4,"repost":{"id":"1145367741","pubTimestamp":1647522542,"share":"https://www.laohu8.com/m/news/1145367741?lang=&edition=full","pubTime":"2022-03-17 21:09","market":"us","language":"en","title":"Apple Stock: Look Up Above, Is $3 Trillion Next?","url":"https://stock-news.laohu8.com/highlight/detail?id=1145367741","media":"TheStreet","summary":"The Apple Maven explores these two topics below.What sent AAPL soaringThe year has been tough for AAPL and the market at large. Apple stock nearly entered bear market earlier this week, after having dipped 17%-plus from the all-time high of January.But there have been signs lately that investors might be ready to start buying this dip.It is hard to tell exactly why this vicious  recovery began to take shape. On March 15, Apple’s nearly $5-per-share spike looked a lot like a volatility-driven reb","content":"<html><head></head><body><p>Apple stock has been having a tough 2022, but shares bounced strongly in the past couple of days. Here is what happened, and what investors could expect to see next.</p><p>What a recovery it has been. From the 2022 lows of around $150 reached on March 14, Apple stock skyrocketed by over 6% in only two days to close the March 16 session priced at almost $160 a piece.</p><p>Why did shares of the Cupertino company spike so suddenly? And could this be a sign that the $3 trillion market cap could be reached again soon?</p><p>The Apple Maven explores these two topics below.</p><p><b>What sent AAPL soaring</b></p><p>The year has been tough for AAPL and the market at large. Apple stock nearly entered bear market earlier this week, after having dipped 17%-plus from the all-time high of January.</p><p>But there have been signs lately that investors might be ready to start buying this dip.</p><p>It is hard to tell exactly why this vicious (but still very incipient) recovery began to take shape. On March 15, Apple’s nearly $5-per-share spike looked a lot like a volatility-driven rebound from the previous few days’ sharp declines.</p><p>But on Wednesday, another similar jump could be better explained by one key event: the Federal Reserve’sfirst move to raise short-term interest rates in years. The 25-basis point increase has been widely anticipated, and is nearly guaranteed to be only the first of many.</p><p>While this was clearly the catalyst that sent AAPL to nearly $160, at the same time it is tough to explain why the monetary policy announcement created $75 billion in market cap for Apple investors in a day. Shouldn’t higher interest rates be a negative for tech and growth stocks?</p><p>I believe that economic and business fundamentals have nothing to do with this. Instead, the Tuesday and Wednesday price movements seem to be a classic case of “relief rally”.</p><p>Investors had been dreading monetary policy tightening for months. Now that it is finally here, it may be time for everyone to just move on.</p><p><b>Is $3 trillion next?</b></p><p>I believe it is still way too early to project Apple $3 trillion once again — that is, a 12.5% gain that leads the share price to roughly $180. For now, AAPL’s recent $10 recovery could be a dead cat bounce in disguise, as mini-rallies are a feature of soft market conditions.</p><p>From the point of view of a long-term investor, however, I would still be interested in accumulating AAPL shares at less than $160.As I explained recently, Apple stock returns have historically been better after shares sink at least 10% to 15% from the peak.</p><p>I have little doubt that, eventually (timing here is a big question mark), AAPL will reclaim $180 per share and $3 trillion in market cap. I would rather ride the upside from current levels than wait until shares have climbed much higher to, only then, join the party.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: Look Up Above, Is $3 Trillion Next?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: Look Up Above, Is $3 Trillion Next?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 21:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-premarket-look-up-above-is-3-trillion-next><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple stock has been having a tough 2022, but shares bounced strongly in the past couple of days. Here is what happened, and what investors could expect to see next.What a recovery it has been. From ...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-premarket-look-up-above-is-3-trillion-next\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-premarket-look-up-above-is-3-trillion-next","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145367741","content_text":"Apple stock has been having a tough 2022, but shares bounced strongly in the past couple of days. Here is what happened, and what investors could expect to see next.What a recovery it has been. From the 2022 lows of around $150 reached on March 14, Apple stock skyrocketed by over 6% in only two days to close the March 16 session priced at almost $160 a piece.Why did shares of the Cupertino company spike so suddenly? And could this be a sign that the $3 trillion market cap could be reached again soon?The Apple Maven explores these two topics below.What sent AAPL soaringThe year has been tough for AAPL and the market at large. Apple stock nearly entered bear market earlier this week, after having dipped 17%-plus from the all-time high of January.But there have been signs lately that investors might be ready to start buying this dip.It is hard to tell exactly why this vicious (but still very incipient) recovery began to take shape. On March 15, Apple’s nearly $5-per-share spike looked a lot like a volatility-driven rebound from the previous few days’ sharp declines.But on Wednesday, another similar jump could be better explained by one key event: the Federal Reserve’sfirst move to raise short-term interest rates in years. The 25-basis point increase has been widely anticipated, and is nearly guaranteed to be only the first of many.While this was clearly the catalyst that sent AAPL to nearly $160, at the same time it is tough to explain why the monetary policy announcement created $75 billion in market cap for Apple investors in a day. Shouldn’t higher interest rates be a negative for tech and growth stocks?I believe that economic and business fundamentals have nothing to do with this. Instead, the Tuesday and Wednesday price movements seem to be a classic case of “relief rally”.Investors had been dreading monetary policy tightening for months. Now that it is finally here, it may be time for everyone to just move on.Is $3 trillion next?I believe it is still way too early to project Apple $3 trillion once again — that is, a 12.5% gain that leads the share price to roughly $180. For now, AAPL’s recent $10 recovery could be a dead cat bounce in disguise, as mini-rallies are a feature of soft market conditions.From the point of view of a long-term investor, however, I would still be interested in accumulating AAPL shares at less than $160.As I explained recently, Apple stock returns have historically been better after shares sink at least 10% to 15% from the peak.I have little doubt that, eventually (timing here is a big question mark), AAPL will reclaim $180 per share and $3 trillion in market cap. I would rather ride the upside from current levels than wait until shares have climbed much higher to, only then, join the party.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9091686647,"gmtCreate":1643852487809,"gmtModify":1676533863644,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091686647","repostId":"2208736454","repostType":4,"repost":{"id":"2208736454","pubTimestamp":1643837503,"share":"https://www.laohu8.com/m/news/2208736454?lang=&edition=full","pubTime":"2022-02-03 05:31","market":"us","language":"en","title":"US STOCKS-Tech Earnings Help Wall St to Fourth Straight Gain","url":"https://stock-news.laohu8.com/highlight/detail?id=2208736454","media":"Reuters","summary":"(Reuters) - All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight","content":"<html><head></head><body><p>(Reuters) - All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet and chipmaker Advanced Micro Devices.</p><p><a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> rose 7.5% after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one stock split - a move which Neil Wilson, chief market analyst for Markets.com, said should make it more appealing to retail investors.</p><p>Attention now turns to Facebook-parent <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> Inc , which rose 1.3% before reporting results after the bell. Amazon.com Inc dipped 0.4% ahead of its earnings date on Thursday.</p><p>Last month, the tech-heavy Nasdaq fell as much as 19% from its all-time high in November as investors dumped highly valued growth stocks on prospects of faster-than-expected rate hikes.</p><p>Traders are betting on five rate hikes this year after hawkish comments from the U.S. Federal Reserve in January.</p><p>&#34;There&#39;s a huge portion of the tech market, and the growth market, that is commanding fairly extreme multiples, which probably needs a little air taken out of the tires,&#34; said Jason Pride, chief investment officer of private wealth at Glenmede, adding such a move was &#34;healthy&#34;.</p><p>An exception to this, he argued, would be the biggest five or six technology names, given their more modest valuations and better fundamentals.</p><p>Tech earnings provide an opportunity for this to happen, with ripple effects being felt by peers.</p><p><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices Inc</a> climbed 5.1% after the company on Tuesday forecast 2022 revenue above expectations, following strong quarterly demand for its semiconductors, despite global supply snags.</p><p>The positive sentiment extended to other chipmakers including Nvidia Corp, Qualcomm Inc and Micron Technology Inc, which advanced between 2.5% and 6.3%.</p><p>However, <a href=\"https://laohu8.com/S/PYPL\">PayPal Holdings Inc</a> slumped 24.6% after it forecast first-quarter revenue and profit well below expectations.</p><p>Other financial technology and payments firms were dragged down as a result, with <a href=\"https://laohu8.com/S/SQ\">Block</a> Inc, Affirm Holdings Inc and SoFi Technologies falling between 8.4% and 10.6%.</p><p>Overall, the only major S&amp;P sector that ended lower was consumer discretionary, which dipped 0.5%. Communication services led gainers, on the back of Alphabet&#39;s performance. It was also aided by Match Group Inc , which rose 5.3% as investors picked up the Tinder owner on a belief that the Omicron variant would not impact its business as much as previously feared.</p><p>Only consumer discretionary was lower, down xx%.</p><p>The Dow Jones Industrial Average rose 224.09 points, or 0.63%, to 35,629.33, the S&amp;P 500 gained 42.84 points, or 0.94%, to 4,589.38 and the Nasdaq Composite added 71.54 points, or 0.5%, to 14,417.55.</p><p>Markets in 2022 have been choppy, as investors seek to position themselves for rising rates to tackle inflation, as well as lingering pandemic influences on the economy and geopolitical tension in Europe.</p><p>&#34;The markets are trying to piece all this together,&#34; said Pride. &#34;It almost feels like a &#39;deer-in-headlights&#39; effect right now, where there are too many cross-currents to try and triangulate quickly.&#34;</p><p>He added the market is likely to bounce around for the immediate future, as investors digest these various inputs.</p><p>An unexpected decline in private payrolls on Wednesday helped keep U.S. Treasury yields stable as investors weighed its potential impact on Friday&#39;s broader jobs report.</p><p>Banks including JP Morgan Chase &amp; Co, $Citigroup Inc(C-N)$ and $Bank of America Corp(BAC-N)$ lost ground, falling between 0.1% and 0.8%.</p><p>Volume on U.S. exchanges was 11.06 billion shares, compared with the 12.43 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 27 new 52-week highs and two new lows; the Nasdaq Composite recorded 48 new highs and 67 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Tech Earnings Help Wall St to Fourth Straight Gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Tech Earnings Help Wall St to Fourth Straight Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 05:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-tech-earnings-help-213143422.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-tech-earnings-help-213143422.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","GOOGL":"谷歌A",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/us-stocks-tech-earnings-help-213143422.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2208736454","content_text":"(Reuters) - All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet and chipmaker Advanced Micro Devices.Alphabet rose 7.5% after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one stock split - a move which Neil Wilson, chief market analyst for Markets.com, said should make it more appealing to retail investors.Attention now turns to Facebook-parent Meta Platforms Inc , which rose 1.3% before reporting results after the bell. Amazon.com Inc dipped 0.4% ahead of its earnings date on Thursday.Last month, the tech-heavy Nasdaq fell as much as 19% from its all-time high in November as investors dumped highly valued growth stocks on prospects of faster-than-expected rate hikes.Traders are betting on five rate hikes this year after hawkish comments from the U.S. Federal Reserve in January.\"There's a huge portion of the tech market, and the growth market, that is commanding fairly extreme multiples, which probably needs a little air taken out of the tires,\" said Jason Pride, chief investment officer of private wealth at Glenmede, adding such a move was \"healthy\".An exception to this, he argued, would be the biggest five or six technology names, given their more modest valuations and better fundamentals.Tech earnings provide an opportunity for this to happen, with ripple effects being felt by peers.Advanced Micro Devices Inc climbed 5.1% after the company on Tuesday forecast 2022 revenue above expectations, following strong quarterly demand for its semiconductors, despite global supply snags.The positive sentiment extended to other chipmakers including Nvidia Corp, Qualcomm Inc and Micron Technology Inc, which advanced between 2.5% and 6.3%.However, PayPal Holdings Inc slumped 24.6% after it forecast first-quarter revenue and profit well below expectations.Other financial technology and payments firms were dragged down as a result, with Block Inc, Affirm Holdings Inc and SoFi Technologies falling between 8.4% and 10.6%.Overall, the only major S&P sector that ended lower was consumer discretionary, which dipped 0.5%. Communication services led gainers, on the back of Alphabet's performance. It was also aided by Match Group Inc , which rose 5.3% as investors picked up the Tinder owner on a belief that the Omicron variant would not impact its business as much as previously feared.Only consumer discretionary was lower, down xx%.The Dow Jones Industrial Average rose 224.09 points, or 0.63%, to 35,629.33, the S&P 500 gained 42.84 points, or 0.94%, to 4,589.38 and the Nasdaq Composite added 71.54 points, or 0.5%, to 14,417.55.Markets in 2022 have been choppy, as investors seek to position themselves for rising rates to tackle inflation, as well as lingering pandemic influences on the economy and geopolitical tension in Europe.\"The markets are trying to piece all this together,\" said Pride. \"It almost feels like a 'deer-in-headlights' effect right now, where there are too many cross-currents to try and triangulate quickly.\"He added the market is likely to bounce around for the immediate future, as investors digest these various inputs.An unexpected decline in private payrolls on Wednesday helped keep U.S. Treasury yields stable as investors weighed its potential impact on Friday's broader jobs report.Banks including JP Morgan Chase & Co, $Citigroup Inc(C-N)$ and $Bank of America Corp(BAC-N)$ lost ground, falling between 0.1% and 0.8%.Volume on U.S. exchanges was 11.06 billion shares, compared with the 12.43 billion average for the full session over the last 20 trading days.The S&P 500 posted 27 new 52-week highs and two new lows; the Nasdaq Composite recorded 48 new highs and 67 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099422961,"gmtCreate":1643416195276,"gmtModify":1676533817848,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099422961","repostId":"2207811808","repostType":4,"repost":{"id":"2207811808","pubTimestamp":1643406842,"share":"https://www.laohu8.com/m/news/2207811808?lang=&edition=full","pubTime":"2022-01-29 05:54","market":"us","language":"en","title":"US STOCKS-Wall Street Rallies, Capping Frenetic Week with Best Day of the Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2207811808","media":"Reuters","summary":"(Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag ","content":"<html><head></head><body><p> (Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an increasingly aggressive Federal Reserve.</p><p>All three major U.S. stock indexes began the day in the red, but turned increasingly green as the session progressed, with tech shares doing the heaviest lifting.</p><p>The S&amp;P 500 and the Dow posted gains from last Friday&#39;s close, but the Nasdaq was essentially flat on the week, capping five days of topsy-turvy trading.</p><p>Still, the bar for &#34;best daily gains of the year&#34; was rather low. Even with Friday&#39;s jump, the S&amp;P 500 is down 7% so far in 2022, with the Nasdaq and the Dow suffering respective drops of 12% and 4.4% over the same time period.</p><p>&#34;Investors are trying to adjust to the impact of this higher rate cycle,&#34; said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. &#34;For some of them, stocks still remain more attractive than bonds in a rising rate environment, and they have been fishing around for where a bottom might be.&#34;</p><p>&#34;You&#39;re seeing bargain-hunting in a number of stocks, particularly in the Nasdaq,&#34; Meckler added.</p><p>Economic data released on Friday showed a drop in consumer spending coupled with the lowest consumer sentiment reading in a decade, and year-on-year Core PCE prices - the Federal Reserve&#39;s preferred inflation yardstick - came in at 4.9%, slightly hotter than expected.</p><p>The graphic below shows how far core PCE and other major indicators have risen above the Fed&#39;s average annual 2% target.</p><p>The Fed made it clear at the conclusion of its monetary policy meeting on Wednesday that they intend to take off their gloves and combat stubbornly persistent inflation by hiking key interest rates more aggressively than many market participants expected.</p><p>The Dow Jones Industrial Average rose 564.69 points, or 1.65%, to 34,725.47, the S&amp;P 500 gained 105.34 points, or 2.43%, to 4,431.85 and the Nasdaq Composite added 417.79 points, or 3.13%, to 13,770.57.</p><p>Among the 11 major sectors of the S&amp;P 500, all but energy ended green. Tech stocks were the clear winners, gaining 4.3%, the biggest one-day jump for the sector since April 6, 2020.</p><p>Fourth-quarter reporting season was firing on all cylinders, with 168 of the companies in the S&amp;P 500 having reported. Of those, 77% have delivered consensus-beating results, according to Refinitiv data.</p><p>But investors have been increasingly focused on guidance, and the extent to which companies expect ongoing global supply challenges to affect their bottom line going forward.</p><p>&#34;As we move into 2022, and as Omicron peaks and the weather improves, I expect supply-chain pressures to ease,&#34; Said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. &#34;(They) will probably peak sometime this quarter, and ease throughout the year.&#34;</p><p>Data storage equipment maker <a href=\"https://laohu8.com/S/WDC\">Western Digital</a> cited supply-chain headwinds after it reported lower than expected revenue and provided a disappointing forecast, sending its shares sliding 7.3%.</p><p><a href=\"https://laohu8.com/S/CAT\">Caterpillar Inc</a> fell 5.2% following the equipment maker&#39;s warning that higher production and labor costs will pressure its profit margin.</p><p><a href=\"https://laohu8.com/S/CVX\">Chevron Corp</a> dropped 3.5% on downbeat fourth-quarter profit.</p><p>However, <a href=\"https://laohu8.com/S/AAPL\">Apple</a>&#39;s 7.0% jump gave the S&amp;P 500 and the Nasdaq their biggest boost, the day after the company posted  record iPhone sales in the holiday quarter.</p><p>Visa Inc surged 10.6% following its quarterly earnings beat driven by increased spending on international travel and e-commerce.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.83-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 24 new lows; the Nasdaq Composite recorded 16 new highs and 753 new lows.</p><p>Volume on U.S. exchanges was 12.80 billion shares, compared with the 12.10 billion average for the full session over the last 20 trading days.</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>US STOCKS-Wall Street Rallies, Capping Frenetic Week with Best Day of the Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Rallies, Capping Frenetic Week with Best Day of the Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 05:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-rallies-215402155.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-rallies-215402155.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4507":"流媒体概念","BK4501":"段永平概念","BK4505":"高瓴资本持仓","SPY":"标普500ETF","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4504":"桥水持仓","BK4566":"资本集团","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4532":"文艺复兴科技持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4553":"喜马拉雅资本持仓","AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-rallies-215402155.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2207811808","content_text":"(Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an increasingly aggressive Federal Reserve.All three major U.S. stock indexes began the day in the red, but turned increasingly green as the session progressed, with tech shares doing the heaviest lifting.The S&P 500 and the Dow posted gains from last Friday's close, but the Nasdaq was essentially flat on the week, capping five days of topsy-turvy trading.Still, the bar for \"best daily gains of the year\" was rather low. Even with Friday's jump, the S&P 500 is down 7% so far in 2022, with the Nasdaq and the Dow suffering respective drops of 12% and 4.4% over the same time period.\"Investors are trying to adjust to the impact of this higher rate cycle,\" said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. \"For some of them, stocks still remain more attractive than bonds in a rising rate environment, and they have been fishing around for where a bottom might be.\"\"You're seeing bargain-hunting in a number of stocks, particularly in the Nasdaq,\" Meckler added.Economic data released on Friday showed a drop in consumer spending coupled with the lowest consumer sentiment reading in a decade, and year-on-year Core PCE prices - the Federal Reserve's preferred inflation yardstick - came in at 4.9%, slightly hotter than expected.The graphic below shows how far core PCE and other major indicators have risen above the Fed's average annual 2% target.The Fed made it clear at the conclusion of its monetary policy meeting on Wednesday that they intend to take off their gloves and combat stubbornly persistent inflation by hiking key interest rates more aggressively than many market participants expected.The Dow Jones Industrial Average rose 564.69 points, or 1.65%, to 34,725.47, the S&P 500 gained 105.34 points, or 2.43%, to 4,431.85 and the Nasdaq Composite added 417.79 points, or 3.13%, to 13,770.57.Among the 11 major sectors of the S&P 500, all but energy ended green. Tech stocks were the clear winners, gaining 4.3%, the biggest one-day jump for the sector since April 6, 2020.Fourth-quarter reporting season was firing on all cylinders, with 168 of the companies in the S&P 500 having reported. Of those, 77% have delivered consensus-beating results, according to Refinitiv data.But investors have been increasingly focused on guidance, and the extent to which companies expect ongoing global supply challenges to affect their bottom line going forward.\"As we move into 2022, and as Omicron peaks and the weather improves, I expect supply-chain pressures to ease,\" Said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. \"(They) will probably peak sometime this quarter, and ease throughout the year.\"Data storage equipment maker Western Digital cited supply-chain headwinds after it reported lower than expected revenue and provided a disappointing forecast, sending its shares sliding 7.3%.Caterpillar Inc fell 5.2% following the equipment maker's warning that higher production and labor costs will pressure its profit margin.Chevron Corp dropped 3.5% on downbeat fourth-quarter profit.However, Apple's 7.0% jump gave the S&P 500 and the Nasdaq their biggest boost, the day after the company posted  record iPhone sales in the holiday quarter.Visa Inc surged 10.6% following its quarterly earnings beat driven by increased spending on international travel and e-commerce.Advancing issues outnumbered declining ones on the NYSE by a 1.83-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers.The S&P 500 posted 5 new 52-week highs and 24 new lows; the Nasdaq Composite recorded 16 new highs and 753 new lows.Volume on U.S. exchanges was 12.80 billion shares, compared with the 12.10 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814746406,"gmtCreate":1630887640605,"gmtModify":1676530411148,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like.&nbsp;","listText":"Please like.&nbsp;","text":"Please like.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/814746406","repostId":"1143325200","repostType":4,"repost":{"id":"1143325200","pubTimestamp":1630882610,"share":"https://www.laohu8.com/m/news/1143325200?lang=&edition=full","pubTime":"2021-09-06 06:56","market":"us","language":"en","title":"GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1143325200","media":"Barrons","summary":"U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then feat","content":"<p>U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.</p>\n<p>GameStop and Lululemon Athletica release quarterly results on Wednesday, followed by International Paper on Thursday and Kroger on Friday. Analog Devices—fresh off of its&nbsp;$21 billion acquisition of Maxim Integrated Products—will host an investor day on Wednesday. Moderna, Danaher, and Home Depot managements will also speak with investors on Thursday. Finally, Albemarle&nbsp;hosts&nbsp;an investor day on Friday.</p>\n<p>The economic data highlight of the week will be Friday’s August producer price index from the Bureau of Labor Statistics. Economists’ consensus estimate is for a 0.6% monthly rise in the headline index, and a 0.5% increase for the core PPI—which leaves out more volatile food and energy prices. Both the core and headline indexes rose 1% in July. The August consumer price index will be out the following week, on Sept. 14.</p>\n<p>On Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring, and business conditions in each of the dozen central bank districts. The European Central Bank also announces a monetary-policy decision on Thursday, but is widely expected to hold its target interest rate at its current level of negative 0.5%.</p>\n<p><b>Monday 9/6</b></p>\n<p>Stock and fixed-income markets are closed in observance of Labor Day.</p>\n<p><b>Tuesday 9/7</b></p>\n<p>Casey’s General Stores and Coupa Software announce earnings.</p>\n<p><b>Wednesday 9/8</b></p>\n<p>Copart, GameStop, and Lululemon Athletica release quarterly results.</p>\n<p>Analog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.</p>\n<p>Global Payments, Johnson Controls International, and ResMed hold virtual investor days.</p>\n<p>The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.</p>\n<p>The Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.</p>\n<p>The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.</p>\n<p><b>Thursday 9/9</b></p>\n<p>Home Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.</p>\n<p>Moderna hosts its fifth annual R&amp;D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.</p>\n<p>Danaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.</p>\n<p>International Paper, Synchrony Financial, and Willis Towers Watson hold investor days.</p>\n<p>The European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.</p>\n<p>The Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.</p>\n<p><b>Friday 9/10</b></p>\n<p>The BLS reports the producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.</p>\n<p>Kroger holds a conference calls to discuss earnings.</p>","source":"lsy1601382232898","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>GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 06:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/gamestop-moderna-home-depot-kroger-and-other-stocks-for-investors-to-watch-this-week-51630853023?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.\nGameStop and Lululemon Athletica ...</p>\n\n<a href=\"https://www.barrons.com/articles/gamestop-moderna-home-depot-kroger-and-other-stocks-for-investors-to-watch-this-week-51630853023?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","GME":"游戏驿站","MRNA":"Moderna, Inc.","HD":"家得宝",".DJI":"道琼斯","KR":"克罗格",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/gamestop-moderna-home-depot-kroger-and-other-stocks-for-investors-to-watch-this-week-51630853023?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143325200","content_text":"U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.\nGameStop and Lululemon Athletica release quarterly results on Wednesday, followed by International Paper on Thursday and Kroger on Friday. Analog Devices—fresh off of its $21 billion acquisition of Maxim Integrated Products—will host an investor day on Wednesday. Moderna, Danaher, and Home Depot managements will also speak with investors on Thursday. Finally, Albemarle hosts an investor day on Friday.\nThe economic data highlight of the week will be Friday’s August producer price index from the Bureau of Labor Statistics. Economists’ consensus estimate is for a 0.6% monthly rise in the headline index, and a 0.5% increase for the core PPI—which leaves out more volatile food and energy prices. Both the core and headline indexes rose 1% in July. The August consumer price index will be out the following week, on Sept. 14.\nOn Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring, and business conditions in each of the dozen central bank districts. The European Central Bank also announces a monetary-policy decision on Thursday, but is widely expected to hold its target interest rate at its current level of negative 0.5%.\nMonday 9/6\nStock and fixed-income markets are closed in observance of Labor Day.\nTuesday 9/7\nCasey’s General Stores and Coupa Software announce earnings.\nWednesday 9/8\nCopart, GameStop, and Lululemon Athletica release quarterly results.\nAnalog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.\nGlobal Payments, Johnson Controls International, and ResMed hold virtual investor days.\nThe Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.\nThe Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.\nThe Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.\nThursday 9/9\nHome Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.\nModerna hosts its fifth annual R&D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.\nDanaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.\nInternational Paper, Synchrony Financial, and Willis Towers Watson hold investor days.\nThe European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.\nThe Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.\nFriday 9/10\nThe BLS reports the producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.\nKroger holds a conference calls to discuss earnings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896040538,"gmtCreate":1628547688424,"gmtModify":1703507766654,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/896040538","repostId":"1178202513","repostType":4,"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014791241,"gmtCreate":1649717905315,"gmtModify":1676534554688,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014791241","repostId":"2226563614","repostType":4,"repost":{"id":"2226563614","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":1649717183,"share":"https://www.laohu8.com/m/news/2226563614?lang=&edition=full","pubTime":"2022-04-12 06:46","market":"us","language":"en","title":"Wall Street Stumbles as Surging Treasury Yields Slam Growth Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2226563614","media":"Reuters","summary":"* U.S. yields hit 3-year highs* Rate-sensitive growth stocks lead decline* Nvidia falls on ratings d","content":"<html><head></head><body><p>* U.S. yields hit 3-year highs</p><p>* Rate-sensitive growth stocks lead decline</p><p>* Nvidia falls on ratings downgrade</p><p>* Indexes down: Dow 1.19%, S&amp;P 1.69%, Nasdaq 2.18%</p><p>NEW YORK, April 11 (Reuters) - Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data.</p><p>All three major U.S. stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling the Nasdaq down 2.2%.</p><p>&#34;There’s been two kinds of sell-offs in the past month or two,&#34; said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. &#34;There’s the rising yields which primarily affects tech and other growth stocks, and then there’s the recession/economic slowdown sell-off that affects energy and various materials&#39; names.</p><p>&#34;Today you’re seeing both.&#34;</p><p>The benchmark 10-year U.S. Treasury yield hovered near a three-year high ahead of key inflation data expected on Tuesday.</p><p>The U.S. Federal Reserve has vowed to aggressively tackle scorching inflation, and market participants largely expect a series of 50-basis-point interest rate hikes from the central bank in the coming months.</p><p>&#34;All eyes on an inflation number that’s probably going to be the highest in 40 years, which could prompt higher and more frequent (interest) rate hikes from the Fed,&#34; Tuz added.</p><p>The Labor Department&#39;s CPI report expected on Tuesday for any sign the inflation wave has crested. Analysts expect the report will show an 8.5% year-on-year growth in consumer prices, the hottest reading since 1981.</p><p>Ongoing geopolitical strife also helped prompt the flight to safety.</p><p>Ukraine said it expected Russia to launch a huge new offensive soon as the most serious conflict in Europe since the Balkan wars of the 1990s wore on, despite ongoing peace negotiations.</p><p>The Dow Jones Industrial Average fell 413.04 points, or 1.19%, to 34,308.08, the S&amp;P 500 lost 75.75 points, or 1.69%, to 4,412.53 and the Nasdaq Composite dropped 299.04 points, or 2.18%, to 13,411.96.</p><p>All 11 major sectors in the S&amp;P 500 ended the session in the red, with energy shares suffering the biggest percentage losses.</p><p>First-quarter earnings season bursts through the starting gate later this week, with big banks leading the way.</p><p>Analysts have curbed their first-quarter optimism. On aggregate, annual S&amp;P 500 earnings growth is estimated to be 6.1%, down from 7.5% at the beginning of the year.</p><p>Twitter Inc advanced 1.7% after its biggest shareholder, Tesla Inc Chairman Elon Musk rejected the social media company&#39;s offer to join its board of directors.</p><p>As for Tesla, data showed sales of its electric vehicles plunged in China last month due to that country&#39;s efforts to curb COVID-19 outbreaks, sending its shares down 4.8%.</p><p>Media and streaming firm Warner Bros Discovery Inc, formed from the $43 billion merger of Discovery Inc and assets of AT&amp;T Inc, whipsawed in its first day of trading, ending up 1.4%.</p><p>Nvidia Corp slid 5.2% after Baird downgraded the chipmaker&#39;s stock to &#34;neutral&#34; from &#34;outperform,&#34; citing order cancellations and potential demand slowdown.</p><p>Falling crude prices helped keep commercial air carriers aloft. The S&amp;P 1500 Airline index rose 2.7%.</p><p>Chinese regulators approved its first gaming license since July of last year, boosting U.S.-listed shares of DouYu International Holdings, Huya, NetEase Inc and Bilibili by between 2.1% and 7.2%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.64-to-1 ratio; on Nasdaq, a 2.08-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 34 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 37 new highs and 306 new lows.</p><p>Volume on U.S. exchanges was 11.03 billion shares, compared with the 12.71 billion average over the last 20 trading days.</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 Stumbles as Surging Treasury Yields Slam Growth Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nWall Street Stumbles as Surging Treasury Yields Slam Growth Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-12 06:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* U.S. yields hit 3-year highs</p><p>* Rate-sensitive growth stocks lead decline</p><p>* Nvidia falls on ratings downgrade</p><p>* Indexes down: Dow 1.19%, S&amp;P 1.69%, Nasdaq 2.18%</p><p>NEW YORK, April 11 (Reuters) - Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data.</p><p>All three major U.S. stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling the Nasdaq down 2.2%.</p><p>&#34;There’s been two kinds of sell-offs in the past month or two,&#34; said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. &#34;There’s the rising yields which primarily affects tech and other growth stocks, and then there’s the recession/economic slowdown sell-off that affects energy and various materials&#39; names.</p><p>&#34;Today you’re seeing both.&#34;</p><p>The benchmark 10-year U.S. Treasury yield hovered near a three-year high ahead of key inflation data expected on Tuesday.</p><p>The U.S. Federal Reserve has vowed to aggressively tackle scorching inflation, and market participants largely expect a series of 50-basis-point interest rate hikes from the central bank in the coming months.</p><p>&#34;All eyes on an inflation number that’s probably going to be the highest in 40 years, which could prompt higher and more frequent (interest) rate hikes from the Fed,&#34; Tuz added.</p><p>The Labor Department&#39;s CPI report expected on Tuesday for any sign the inflation wave has crested. Analysts expect the report will show an 8.5% year-on-year growth in consumer prices, the hottest reading since 1981.</p><p>Ongoing geopolitical strife also helped prompt the flight to safety.</p><p>Ukraine said it expected Russia to launch a huge new offensive soon as the most serious conflict in Europe since the Balkan wars of the 1990s wore on, despite ongoing peace negotiations.</p><p>The Dow Jones Industrial Average fell 413.04 points, or 1.19%, to 34,308.08, the S&amp;P 500 lost 75.75 points, or 1.69%, to 4,412.53 and the Nasdaq Composite dropped 299.04 points, or 2.18%, to 13,411.96.</p><p>All 11 major sectors in the S&amp;P 500 ended the session in the red, with energy shares suffering the biggest percentage losses.</p><p>First-quarter earnings season bursts through the starting gate later this week, with big banks leading the way.</p><p>Analysts have curbed their first-quarter optimism. On aggregate, annual S&amp;P 500 earnings growth is estimated to be 6.1%, down from 7.5% at the beginning of the year.</p><p>Twitter Inc advanced 1.7% after its biggest shareholder, Tesla Inc Chairman Elon Musk rejected the social media company&#39;s offer to join its board of directors.</p><p>As for Tesla, data showed sales of its electric vehicles plunged in China last month due to that country&#39;s efforts to curb COVID-19 outbreaks, sending its shares down 4.8%.</p><p>Media and streaming firm Warner Bros Discovery Inc, formed from the $43 billion merger of Discovery Inc and assets of AT&amp;T Inc, whipsawed in its first day of trading, ending up 1.4%.</p><p>Nvidia Corp slid 5.2% after Baird downgraded the chipmaker&#39;s stock to &#34;neutral&#34; from &#34;outperform,&#34; citing order cancellations and potential demand slowdown.</p><p>Falling crude prices helped keep commercial air carriers aloft. The S&amp;P 1500 Airline index rose 2.7%.</p><p>Chinese regulators approved its first gaming license since July of last year, boosting U.S.-listed shares of DouYu International Holdings, Huya, NetEase Inc and Bilibili by between 2.1% and 7.2%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.64-to-1 ratio; on Nasdaq, a 2.08-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 34 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 37 new highs and 306 new lows.</p><p>Volume on U.S. exchanges was 11.03 billion shares, compared with the 12.71 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","LHDX":"Lucira Health, Inc.","SDOW":"道指三倍做空ETF-ProShares","LABP":"Landos Biopharma, Inc.",".SPX":"S&P 500 Index","BK4549":"软银资本持仓","BK4099":"汽车制造商","BK4511":"特斯拉概念","TSLA":"特斯拉","BK4548":"巴美列捷福持仓","BK4529":"IDC概念","APR":"Apria, Inc.","QID":"纳指两倍做空ETF","BK4554":"元宇宙及AR概念","DJX":"1/100道琼斯","SANA":"Sana Biotechnology, Inc.","DDM":"道指两倍做多ETF","BK4567":"ESG概念","NVDA":"英伟达","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","DOG":"道指反向ETF","BK4007":"制药","PSQ":"纳指反向ETF","BK4196":"保健护理服务","QLD":"纳指两倍做多ETF","BK4082":"医疗保健设备","BK4527":"明星科技股","DXD":"道指两倍做空ETF","BK4543":"AI","BK4141":"半导体产品","TQQQ":"纳指三倍做多ETF","BK4551":"寇图资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2226563614","content_text":"* U.S. yields hit 3-year highs* Rate-sensitive growth stocks lead decline* Nvidia falls on ratings downgrade* Indexes down: Dow 1.19%, S&P 1.69%, Nasdaq 2.18%NEW YORK, April 11 (Reuters) - Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data.All three major U.S. stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling the Nasdaq down 2.2%.\"There’s been two kinds of sell-offs in the past month or two,\" said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. \"There’s the rising yields which primarily affects tech and other growth stocks, and then there’s the recession/economic slowdown sell-off that affects energy and various materials' names.\"Today you’re seeing both.\"The benchmark 10-year U.S. Treasury yield hovered near a three-year high ahead of key inflation data expected on Tuesday.The U.S. Federal Reserve has vowed to aggressively tackle scorching inflation, and market participants largely expect a series of 50-basis-point interest rate hikes from the central bank in the coming months.\"All eyes on an inflation number that’s probably going to be the highest in 40 years, which could prompt higher and more frequent (interest) rate hikes from the Fed,\" Tuz added.The Labor Department's CPI report expected on Tuesday for any sign the inflation wave has crested. Analysts expect the report will show an 8.5% year-on-year growth in consumer prices, the hottest reading since 1981.Ongoing geopolitical strife also helped prompt the flight to safety.Ukraine said it expected Russia to launch a huge new offensive soon as the most serious conflict in Europe since the Balkan wars of the 1990s wore on, despite ongoing peace negotiations.The Dow Jones Industrial Average fell 413.04 points, or 1.19%, to 34,308.08, the S&P 500 lost 75.75 points, or 1.69%, to 4,412.53 and the Nasdaq Composite dropped 299.04 points, or 2.18%, to 13,411.96.All 11 major sectors in the S&P 500 ended the session in the red, with energy shares suffering the biggest percentage losses.First-quarter earnings season bursts through the starting gate later this week, with big banks leading the way.Analysts have curbed their first-quarter optimism. On aggregate, annual S&P 500 earnings growth is estimated to be 6.1%, down from 7.5% at the beginning of the year.Twitter Inc advanced 1.7% after its biggest shareholder, Tesla Inc Chairman Elon Musk rejected the social media company's offer to join its board of directors.As for Tesla, data showed sales of its electric vehicles plunged in China last month due to that country's efforts to curb COVID-19 outbreaks, sending its shares down 4.8%.Media and streaming firm Warner Bros Discovery Inc, formed from the $43 billion merger of Discovery Inc and assets of AT&T Inc, whipsawed in its first day of trading, ending up 1.4%.Nvidia Corp slid 5.2% after Baird downgraded the chipmaker's stock to \"neutral\" from \"outperform,\" citing order cancellations and potential demand slowdown.Falling crude prices helped keep commercial air carriers aloft. The S&P 1500 Airline index rose 2.7%.Chinese regulators approved its first gaming license since July of last year, boosting U.S.-listed shares of DouYu International Holdings, Huya, NetEase Inc and Bilibili by between 2.1% and 7.2%.Declining issues outnumbered advancing ones on the NYSE by a 2.64-to-1 ratio; on Nasdaq, a 2.08-to-1 ratio favored decliners.The S&P 500 posted 34 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 37 new highs and 306 new lows.Volume on U.S. exchanges was 11.03 billion shares, compared with the 12.71 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014899545,"gmtCreate":1649637109280,"gmtModify":1676534541270,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014899545","repostId":"1160510500","repostType":4,"repost":{"id":"1160510500","pubTimestamp":1649631014,"share":"https://www.laohu8.com/m/news/1160510500?lang=&edition=full","pubTime":"2022-04-11 06:50","market":"us","language":"en","title":"Goldman Sachs, JPMorgan, Delta, TSMC, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1160510500","media":"Barrons","summary":"First-quarter earnings season begins this week, kicked off as always by results from several big ban","content":"<html><head></head><body><p>First-quarter earnings season begins this week, kicked off as always by results from several big banks. JPMorgan Chase reports on Wednesday, followed by Wells Fargo, Goldman Sachs, Morgan Stanley, and Citigroup on Thursday.</p><p>Notable non-bank companies reporting this week will include Albertsons on Tuesday, plus Delta Air Lines, BlackRock, and Fastenal on Wednesday. On Thursday, Taiwan Semiconductor Manufacturing and UnitedHealth Group will report.</p><p>U.S. stock and bond markets will be closed on Friday for Good Friday.</p><p><img src=\"https://static.tigerbbs.com/f2ba28ca20f2e1301fa295ded0758452\" tg-width=\"1080\" tg-height=\"1080\" width=\"100%\" height=\"auto\"/></p><p>The economic data highlights of the week will be the latest inflation data: the Bureau of Labor Statistics’ consumer price index for March is out on Tuesday and the producer price index is out on Wednesday. Consumer prices are expected to have surged 8.4% year over year, while producer prices are forecast to have spiked 10.5% year over year.</p><p>Other data out this week will include the National Federation of Independent Business’ Small Business Optimism Index for March on Tuesday, plus the University of Michigan’s Consumer Sentiment Survey for April and the Census Bureau’s retail-sales spending report for March—both on Thursday.</p><p><b>Monday 4/11</b></p><p><b>Federal Reserve Bank</b> of Chicago President Charles Evans discusses his outlook for the economy, employment, inflation, and interest rates at the Detroit Economic Club.</p><p><b>Tuesday 4/12</b></p><p><b>The Bureau of Labor Statistics</b> reports the consumer-price index for March. Consensus estimate is for an 8.4% year-over-year spike for the CPI, after a 7.9% increase in February.</p><p>CarMax and Albertsons report fourth-quarter financial results.</p><p>Synopsys, Fifth Third Bancorp, Lennar, and Bank of New York Mellon hold annual shareholder meetings.</p><p><b>The National Federation</b> of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 94.9 reading. February’s 95.7 reading was the second consecutive month below the 48-year average of 98.</p><p><b>Wednesday 4/13</b></p><p>JPMorgan Chase,  First Republic Bank, Rent the Runway, Delta Air Lines, BlackRock, Bed Bath &amp; Beyond, Hooker Furnishings, and Fastenal host earnings conference calls.</p><p><b>The BLS</b> releases the producer-price index for March. The PPI is expected to jump 10.5% year over year on a nonseasonally adjusted basis, while the core PPI, which excludes volatile food and energy prices, is seen rising 8.4%. This compares with increases of 10% and 8.4%, respectively, in February.</p><p><b>Thursday 4/14</b></p><p><b>First-quarter results</b>are expected from several banks and financial-services companies including Wells Fargo, U.S. Bancorp, Goldman Sachs, Morgan Stanley, Citigroup, PNC Financial Services Group, State Street, and Ally Financial. Others companies reporting financial results include Rite Aid, Taiwan Semiconductor Manufacturing, and UnitedHealth Group.</p><p><b>The University of Michigan</b> releases its Consumer Sentiment Survey for April. Expectations are for a 58.9 reading, compared with 59.4 in March.</p><p><b>The Census Bureau</b> reports on retail-sales spending for March. Expectations are for a seasonally adjusted 0.6% month-over-month increase in retail sales, compared with a 0.3% rise in February. Excluding autos, spending is seen rising 1.0%, compared with 0.2% in the previous period.</p><p><b>The BLS reports</b> export and import price data for March. Expectations are for a 2.2% month-over-month rise in export prices, while import prices are seen increasing 0.6%. This compares with gains of 3.0% and 1.4%, respectively, in February.</p><p>Dow, Carrier Global, and Owens Corning hold annual shareholder meetings.</p><p><b>Friday 4/15</b></p><p><b>The Federal Reserve</b> releases industrial production data for March. Economists are looking for a 0.4% rise, after a 0.5% increase in February.</p><p><b>U.S. stock and bond markets</b> are closed in observance of Good Friday.</p></body></html>","source":"lsy1601382232898","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>Goldman Sachs, JPMorgan, Delta, TSMC, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs, JPMorgan, Delta, TSMC, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-11 06:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/goldman-sachs-jpmorgan-delta-tsmc-and-other-stocks-for-investors-to-watch-this-week-51649617202?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First-quarter earnings season begins this week, kicked off as always by results from several big banks. JPMorgan Chase reports on Wednesday, followed by Wells Fargo, Goldman Sachs, Morgan Stanley, and...</p>\n\n<a href=\"https://www.barrons.com/articles/goldman-sachs-jpmorgan-delta-tsmc-and-other-stocks-for-investors-to-watch-this-week-51649617202?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KMX":"车美仕",".IXIC":"NASDAQ Composite","DAL":"达美航空","MS":"摩根士丹利","C":"花旗","BLK":"贝莱德","ACI":"艾伯森","UNH":"联合健康",".SPX":"S&P 500 Index","TSM":"台积电","LEN":"莱纳建筑公司","WFC":"富国银行","JPM":"摩根大通","BBBY":"3B家居","FAST":"快扣",".DJI":"道琼斯","GS":"高盛"},"source_url":"https://www.barrons.com/articles/goldman-sachs-jpmorgan-delta-tsmc-and-other-stocks-for-investors-to-watch-this-week-51649617202?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160510500","content_text":"First-quarter earnings season begins this week, kicked off as always by results from several big banks. JPMorgan Chase reports on Wednesday, followed by Wells Fargo, Goldman Sachs, Morgan Stanley, and Citigroup on Thursday.Notable non-bank companies reporting this week will include Albertsons on Tuesday, plus Delta Air Lines, BlackRock, and Fastenal on Wednesday. On Thursday, Taiwan Semiconductor Manufacturing and UnitedHealth Group will report.U.S. stock and bond markets will be closed on Friday for Good Friday.The economic data highlights of the week will be the latest inflation data: the Bureau of Labor Statistics’ consumer price index for March is out on Tuesday and the producer price index is out on Wednesday. Consumer prices are expected to have surged 8.4% year over year, while producer prices are forecast to have spiked 10.5% year over year.Other data out this week will include the National Federation of Independent Business’ Small Business Optimism Index for March on Tuesday, plus the University of Michigan’s Consumer Sentiment Survey for April and the Census Bureau’s retail-sales spending report for March—both on Thursday.Monday 4/11Federal Reserve Bank of Chicago President Charles Evans discusses his outlook for the economy, employment, inflation, and interest rates at the Detroit Economic Club.Tuesday 4/12The Bureau of Labor Statistics reports the consumer-price index for March. Consensus estimate is for an 8.4% year-over-year spike for the CPI, after a 7.9% increase in February.CarMax and Albertsons report fourth-quarter financial results.Synopsys, Fifth Third Bancorp, Lennar, and Bank of New York Mellon hold annual shareholder meetings.The National Federation of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 94.9 reading. February’s 95.7 reading was the second consecutive month below the 48-year average of 98.Wednesday 4/13JPMorgan Chase,  First Republic Bank, Rent the Runway, Delta Air Lines, BlackRock, Bed Bath & Beyond, Hooker Furnishings, and Fastenal host earnings conference calls.The BLS releases the producer-price index for March. The PPI is expected to jump 10.5% year over year on a nonseasonally adjusted basis, while the core PPI, which excludes volatile food and energy prices, is seen rising 8.4%. This compares with increases of 10% and 8.4%, respectively, in February.Thursday 4/14First-quarter resultsare expected from several banks and financial-services companies including Wells Fargo, U.S. Bancorp, Goldman Sachs, Morgan Stanley, Citigroup, PNC Financial Services Group, State Street, and Ally Financial. Others companies reporting financial results include Rite Aid, Taiwan Semiconductor Manufacturing, and UnitedHealth Group.The University of Michigan releases its Consumer Sentiment Survey for April. Expectations are for a 58.9 reading, compared with 59.4 in March.The Census Bureau reports on retail-sales spending for March. Expectations are for a seasonally adjusted 0.6% month-over-month increase in retail sales, compared with a 0.3% rise in February. Excluding autos, spending is seen rising 1.0%, compared with 0.2% in the previous period.The BLS reports export and import price data for March. Expectations are for a 2.2% month-over-month rise in export prices, while import prices are seen increasing 0.6%. This compares with gains of 3.0% and 1.4%, respectively, in February.Dow, Carrier Global, and Owens Corning hold annual shareholder meetings.Friday 4/15The Federal Reserve releases industrial production data for March. Economists are looking for a 0.4% rise, after a 0.5% increase in February.U.S. stock and bond markets are closed in observance of Good Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037840389,"gmtCreate":1648082199954,"gmtModify":1676534301675,"author":{"id":"4088505867205150","authorId":"4088505867205150","name":"CarolTBH","avatar":"https://static.tigerbbs.com/af58b5fe7dcb170b73426e8f33df70f1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037840389","repostId":"2221304477","repostType":4,"repost":{"id":"2221304477","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":1648077274,"share":"https://www.laohu8.com/m/news/2221304477?lang=&edition=full","pubTime":"2022-03-24 07:14","market":"us","language":"en","title":"US STOCKS-Wall St Drops as Oil Rally, Russia-Ukraine Conflict Fuel Worries","url":"https://stock-news.laohu8.com/highlight/detail?id=2221304477","media":"Reuters","summary":"* Adobe falls on lackluster current-quarter forecast* Google to pause ads that exploit, dismiss Russ","content":"<html><head></head><body><p>* <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> falls on lackluster current-quarter forecast</p><p>* Google to pause ads that exploit, dismiss Russia-Ukraine war</p><p>* Indexes: Dow down 1.3%, S&amp;P 500 down 1.2%, Nasdaq down 1.3%</p><p>NEW YORK, March 23 (Reuters) - All three major U.S. stock indexes ended more than 1% lower on Wednesday as oil prices jumped and Western leaders began gathering in Brussels to plan more measures to pressure Russia to halt its conflict in Ukraine.</p><p>Responding to Western sanctions that have hit Russia&#39;s economy hard, President Vladimir Putin said Moscow will seek payment in roubles for natural gas sales from &#34;unfriendly&#34; countries, while its forces bombed areas of the Ukrainian capital Kyiv a month into their assault.</p><p>Oil prices    rallied 5% to over $121 a barrel and natural gas futures also jumped.    While higher oil prices benefit energy shares, they are a negative for consumers and many businesses. The S&amp;P 500 energy sector    rose 1.7% and utilities    gained 0.2%, while all of the other major S&amp;P 500 sectors were lower on the day.</p><p>&#34;These geopolitical problems are sort of hanging over the market,&#34; said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>&#34;The resurgence of oil prices is giving people pause,&#34; he said, adding, &#34;There needs to be a resolution with Russia. That&#39;s going to hold the market back.&#34;</p><p>The day&#39;s decline follows a recent string of gains as the market recovered from lows hit amid the conflict and increased worries about inflation and higher interest rates.</p><p>Among the day&#39;s biggest drags, Adobe Inc&#39;s    stock slid 9.3% after the Photoshop maker late Tuesday forecast downbeat second-quarter revenue and profit and sees an impact on fiscal 2022 revenue due to the Russia-Ukraine crisis.</p><p>The Dow Jones Industrial Average    fell 448.96 points, or 1.29%, to 34,358.5, the S&amp;P 500    lost 55.37 points, or 1.23%, to 4,456.24 and the Nasdaq Composite    dropped 186.21 points, or 1.32%, to 13,922.60.</p><p>Investors continued to assess the outlook for U.S. interest rates. San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she is open to raising rates by 50 basis points in May, joining other policymakers in saying so.</p><p>Last week, the U.S. central bank raised interest rates for the first time since 2018.</p><p>Alphabet-owned    Google said it will pause all ads containing content that exploits, dismisses or condones the ongoing Russia-Ukraine conflict. Its stock fell 1.1%.</p><p>GameStop Corp    shares jumped 14.5% after Chairman Ryan Cohen&#39;s investment company bought 100,000 shares of the videogame retailer.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.78-to-1 ratio; on Nasdaq, a 1.81-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 22 new 52-week highs and four new lows; the Nasdaq Composite recorded 43 new highs and 60 new lows.</p><p>Volume on U.S. exchanges was 11.69 billion shares, compared with the 14.62 billion average for the full session over the last 20 trading days.</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>US STOCKS-Wall St Drops as Oil Rally, Russia-Ukraine Conflict Fuel Worries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St Drops as Oil Rally, Russia-Ukraine Conflict Fuel Worries\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-24 07:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> falls on lackluster current-quarter forecast</p><p>* Google to pause ads that exploit, dismiss Russia-Ukraine war</p><p>* Indexes: Dow down 1.3%, S&amp;P 500 down 1.2%, Nasdaq down 1.3%</p><p>NEW YORK, March 23 (Reuters) - All three major U.S. stock indexes ended more than 1% lower on Wednesday as oil prices jumped and Western leaders began gathering in Brussels to plan more measures to pressure Russia to halt its conflict in Ukraine.</p><p>Responding to Western sanctions that have hit Russia&#39;s economy hard, President Vladimir Putin said Moscow will seek payment in roubles for natural gas sales from &#34;unfriendly&#34; countries, while its forces bombed areas of the Ukrainian capital Kyiv a month into their assault.</p><p>Oil prices    rallied 5% to over $121 a barrel and natural gas futures also jumped.    While higher oil prices benefit energy shares, they are a negative for consumers and many businesses. The S&amp;P 500 energy sector    rose 1.7% and utilities    gained 0.2%, while all of the other major S&amp;P 500 sectors were lower on the day.</p><p>&#34;These geopolitical problems are sort of hanging over the market,&#34; said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>&#34;The resurgence of oil prices is giving people pause,&#34; he said, adding, &#34;There needs to be a resolution with Russia. That&#39;s going to hold the market back.&#34;</p><p>The day&#39;s decline follows a recent string of gains as the market recovered from lows hit amid the conflict and increased worries about inflation and higher interest rates.</p><p>Among the day&#39;s biggest drags, Adobe Inc&#39;s    stock slid 9.3% after the Photoshop maker late Tuesday forecast downbeat second-quarter revenue and profit and sees an impact on fiscal 2022 revenue due to the Russia-Ukraine crisis.</p><p>The Dow Jones Industrial Average    fell 448.96 points, or 1.29%, to 34,358.5, the S&amp;P 500    lost 55.37 points, or 1.23%, to 4,456.24 and the Nasdaq Composite    dropped 186.21 points, or 1.32%, to 13,922.60.</p><p>Investors continued to assess the outlook for U.S. interest rates. San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she is open to raising rates by 50 basis points in May, joining other policymakers in saying so.</p><p>Last week, the U.S. central bank raised interest rates for the first time since 2018.</p><p>Alphabet-owned    Google said it will pause all ads containing content that exploits, dismisses or condones the ongoing Russia-Ukraine conflict. Its stock fell 1.1%.</p><p>GameStop Corp    shares jumped 14.5% after Chairman Ryan Cohen&#39;s investment company bought 100,000 shares of the videogame retailer.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.78-to-1 ratio; on Nasdaq, a 1.81-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 22 new 52-week highs and four new lows; the Nasdaq Composite recorded 43 new highs and 60 new lows.</p><p>Volume on U.S. exchanges was 11.69 billion shares, compared with the 14.62 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SQQQ":"纳指三倍做空ETF",".DJI":"道琼斯","BK4553":"喜马拉雅资本持仓","SH":"标普500反向ETF","BK4507":"流媒体概念",".IXIC":"NASDAQ Composite","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)",".SPX":"S&P 500 Index","OEX":"标普100","BK4525":"远程办公概念","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","DDM":"道指两倍做多ETF","BK4561":"索罗斯持仓","BK4527":"明星科技股","BK4538":"云计算","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4550":"红杉资本持仓","DOG":"道指反向ETF","PSQ":"纳指反向ETF","SPY":"标普500ETF","DJX":"1/100道琼斯","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","BK4574":"无人驾驶","SDS":"两倍做空标普500ETF","QLD":"纳指两倍做多ETF","DXD":"道指两倍做空ETF","GOOG":"谷歌","BK4573":"虚拟现实","QQQ":"纳指100ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4566":"资本集团","TQQQ":"纳指三倍做多ETF","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","OEF":"标普100指数ETF-iShares","SDOW":"道指三倍做空ETF-ProShares","BK4532":"文艺复兴科技持仓","SSO":"两倍做多标普500ETF","BK4554":"元宇宙及AR概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2221304477","content_text":"* Adobe falls on lackluster current-quarter forecast* Google to pause ads that exploit, dismiss Russia-Ukraine war* Indexes: Dow down 1.3%, S&P 500 down 1.2%, Nasdaq down 1.3%NEW YORK, March 23 (Reuters) - All three major U.S. stock indexes ended more than 1% lower on Wednesday as oil prices jumped and Western leaders began gathering in Brussels to plan more measures to pressure Russia to halt its conflict in Ukraine.Responding to Western sanctions that have hit Russia's economy hard, President Vladimir Putin said Moscow will seek payment in roubles for natural gas sales from \"unfriendly\" countries, while its forces bombed areas of the Ukrainian capital Kyiv a month into their assault.Oil prices    rallied 5% to over $121 a barrel and natural gas futures also jumped.    While higher oil prices benefit energy shares, they are a negative for consumers and many businesses. The S&P 500 energy sector    rose 1.7% and utilities    gained 0.2%, while all of the other major S&P 500 sectors were lower on the day.\"These geopolitical problems are sort of hanging over the market,\" said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.\"The resurgence of oil prices is giving people pause,\" he said, adding, \"There needs to be a resolution with Russia. That's going to hold the market back.\"The day's decline follows a recent string of gains as the market recovered from lows hit amid the conflict and increased worries about inflation and higher interest rates.Among the day's biggest drags, Adobe Inc's    stock slid 9.3% after the Photoshop maker late Tuesday forecast downbeat second-quarter revenue and profit and sees an impact on fiscal 2022 revenue due to the Russia-Ukraine crisis.The Dow Jones Industrial Average    fell 448.96 points, or 1.29%, to 34,358.5, the S&P 500    lost 55.37 points, or 1.23%, to 4,456.24 and the Nasdaq Composite    dropped 186.21 points, or 1.32%, to 13,922.60.Investors continued to assess the outlook for U.S. interest rates. San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she is open to raising rates by 50 basis points in May, joining other policymakers in saying so.Last week, the U.S. central bank raised interest rates for the first time since 2018.Alphabet-owned    Google said it will pause all ads containing content that exploits, dismisses or condones the ongoing Russia-Ukraine conflict. Its stock fell 1.1%.GameStop Corp    shares jumped 14.5% after Chairman Ryan Cohen's investment company bought 100,000 shares of the videogame retailer.Declining issues outnumbered advancing ones on the NYSE by a 1.78-to-1 ratio; on Nasdaq, a 1.81-to-1 ratio favored decliners.The S&P 500 posted 22 new 52-week highs and four new lows; the Nasdaq Composite recorded 43 new highs and 60 new lows.Volume on U.S. exchanges was 11.69 billion shares, compared with the 14.62 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}