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2022-05-20

Bad

U.S. Stocks Mixed in Morning Trading, Nasdaq Rose Nearly 0.5% While Dow Jones Slid Over 200 Points

2022-05-08

Nice

Tesla: Overvalued By 85.26% And Not A Technology Company

2022-05-08

Good

Materials Weekly Round-up: Intrepid Potash, Mosaic among top gainers; lithium stocks among top losers

2022-05-02

Time to fish

Amazon's Downturn Isn't Over

2022-04-15

Good

Pentamaster International Posts FY Profit Of 116.7 Million RGT

2021-08-04

Like

S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries

2021-08-04

Cool

S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries

2021-08-04

Nice

Infineon CEO warms to idea of TSMC plant in Germany

2021-08-04

Why?

Sorry, the original content has been removed

2021-07-31

Yes

BofA Says Interest Rates Are at 5,000-Year Low

2021-07-28

Ok

Apple warns supply constraints will impact iPhone and iPad, shares fall

2021-07-28

Still strong

Apple warns supply constraints will impact iPhone and iPad, shares fall

2021-07-16

Cool

Telecom Stock Roundup: QCOM Enters Smartphone Market, VZ Settles Lawsuits & More

2021-07-16

Buy

Expect a 10% or worse correction in U.S. stocks by mid-August, says this forecaster with a proven track record

2021-07-14

Good

Sorry, the original content has been removed

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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Mixed in Morning Trading, Nasdaq Rose Nearly 0.5% While Dow Jones Slid Over 200 Points</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Mixed in Morning Trading, Nasdaq Rose Nearly 0.5% While Dow Jones Slid Over 200 Points\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\">2022-05-19 23:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks mixed in morning trading. Nasdaq rose 0.46%, while Dow Jones, S&amp;P 500 lost 280.76 points and 16.38 points separately.<img src=\"https://static.tigerbbs.com/9b4364061a086f449f908429167085ad\" tg-width=\"512\" tg-height=\"123\" width=\"100%\" height=\"auto\"/></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":"1184644801","content_text":"U.S. stocks mixed in morning trading. Nasdaq rose 0.46%, while Dow Jones, S&P 500 lost 280.76 points and 16.38 points separately.","news_type":1},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062333855,"gmtCreate":1652000178777,"gmtModify":1676535011894,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062333855","repostId":"1131831539","repostType":4,"repost":{"id":"1131831539","pubTimestamp":1651980653,"share":"https://ttm.financial/m/news/1131831539?lang=&edition=fundamental","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":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062333379,"gmtCreate":1652000125991,"gmtModify":1676535011885,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"&nbsp;Good&nbsp;","listText":"&nbsp;Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062333379","repostId":"2226572553","repostType":2,"repost":{"id":"2226572553","pubTimestamp":1649518861,"share":"https://ttm.financial/m/news/2226572553?lang=&edition=fundamental","pubTime":"2022-04-09 23:41","market":"us","language":"en","title":"Materials Weekly Round-up: Intrepid Potash, Mosaic among top gainers; lithium stocks among top losers","url":"https://stock-news.laohu8.com/highlight/detail?id=2226572553","media":"seekingalpha","summary":"hxdbzxy/iStock via Getty Images   The S&P Materials sector and the Materials Select Sector SPDR (NYS","content":"<html><body><p><figure> <picture> <img height=\"1022px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/487831223/image_487831223.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>hxdbzxy/iStock via Getty Images</p></figcaption> </figure></p> <div> <p>The S&amp;P Materials sector and the Materials Select Sector SPDR (NYSEARCA:XLB) concluded the trading week with a<span> slight dip of </span><span>-0.7%</span><span>.</span></p> <p>Copper and aluminum prices rebounded on Friday following two days of declines, helped by tight supply, firmer oil prices and hopes of more Chinese stimulus. As per <em>Reuters</em>, three-month copper on the LME (HG1:COM) reached $10,358/ton by 1115 GMT (+0.5%), while three-month LME aluminum (LMAHDS03:COM) gained 1% to $3,417.</p> <p>\"Base metals have been tracking to some extent to what's going on in energy markets, not least because that pushes up their costs. Supply of most metals is constrained, stocks are low, so we're forecasting prices will stay high for most of this year, even with the slowdown in China,\" said Caroline Bain, chief commodities economist at Capital Economics.</p> <p>Other metals, LME zinc climbed 1.2% to $4,237/ton, tin grew 0.1% to $43,625, while nickel was little changed at $33,700.</p> <p>Lumber futures (LB1:COM), meanwhile, continues to be under pressure, remaining below its crucial $1000 per thousand board feet level. Prices have dipped <span>~30%</span> M/M amid demand uncertainty and surging mortgage rates that is making the housing market more restrictive for first time home buyers.</p> <p>Taking a look at the week's top 5 gainers among basic material stocks ($300M market cap or more):</p> <ul> <li><a href=\"https://laohu8.com/S/IPI\">Intrepid Potash</a> (IPI) <span>+30.36%</span> </li> <li>Grupo Simec (SIM) <span>+14.78%</span> </li> <li>Mosaic (MOS) <span>+12.20%</span> </li> <li>LSB Industries (LXU) <span>+8.46%</span> </li> <li>FMC Corp (FMC) <span>+6.05%</span> </li> </ul> <p>The week's top 5 decliners among basic material stocks ($300M market cap or more) were:</p> <ul> <li>Lithium Americas (LAC) <span>-21.73%</span> </li> <li>TMC the metals company (TMC) <span>-18.45%</span> </li> <li>Cemex (CX) <span>-16.88%</span> </li> <li>Standard Lithium (SLI) <span>-14.78%</span> </li> <li><a href=\"https://laohu8.com/S/PLL.AU\">Piedmont Lithium</a> (PLL) <span>-12.66%</span> </li> </ul> <p><strong>Other materials <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a>s to watch:</strong> <a href=\"https://laohu8.com/S/EEME\">iShares</a> Global Timber &amp; Forestry ETF (WOOD), Materials Select Sector SPDR ETF, Vanguard Materials ETF (VAW), <a href=\"https://laohu8.com/S/EGRW\">iShares</a> Global Materials ETF (MXI), SPDR S&amp;P Metals and Mining ETF (XME), <a href=\"https://laohu8.com/S/GDX.AU\">VanEck Vectors Gold Miners ETF</a> (GDX), <a href=\"https://laohu8.com/S/RING\">iShares MSCI Global Gold Miners ETF</a> (RING), <a href=\"https://laohu8.com/S/EFFE\">Global X</a> Copper Miners ETF (COPX).</p> </div></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>Materials Weekly Round-up: Intrepid Potash, Mosaic among top gainers; lithium stocks among top losers</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\">\nMaterials Weekly Round-up: Intrepid Potash, Mosaic among top gainers; lithium stocks among top losers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-09 23:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3822172-materials-weekly-round-up-intrepid-potash-mosaic-among-top-gainers-lithium-stocks-among-top-losers><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>hxdbzxy/iStock via Getty Images   The S&P Materials sector and the Materials Select Sector SPDR (NYSEARCA:XLB) concluded the trading week with a slight dip of -0.7%. Copper and aluminum prices ...</p>\n\n<a href=\"https://seekingalpha.com/news/3822172-materials-weekly-round-up-intrepid-potash-mosaic-among-top-gainers-lithium-stocks-among-top-losers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","BK4093":"化肥与农用药剂","IPI":"Intrepid Potash","BK4544":"ARK ETF合集","MOS":"美国美盛"},"source_url":"https://seekingalpha.com/news/3822172-materials-weekly-round-up-intrepid-potash-mosaic-among-top-gainers-lithium-stocks-among-top-losers","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2226572553","content_text":"hxdbzxy/iStock via Getty Images   The S&P Materials sector and the Materials Select Sector SPDR (NYSEARCA:XLB) concluded the trading week with a slight dip of -0.7%. Copper and aluminum prices rebounded on Friday following two days of declines, helped by tight supply, firmer oil prices and hopes of more Chinese stimulus. As per Reuters, three-month copper on the LME (HG1:COM) reached $10,358/ton by 1115 GMT (+0.5%), while three-month LME aluminum (LMAHDS03:COM) gained 1% to $3,417. \"Base metals have been tracking to some extent to what's going on in energy markets, not least because that pushes up their costs. Supply of most metals is constrained, stocks are low, so we're forecasting prices will stay high for most of this year, even with the slowdown in China,\" said Caroline Bain, chief commodities economist at Capital Economics. Other metals, LME zinc climbed 1.2% to $4,237/ton, tin grew 0.1% to $43,625, while nickel was little changed at $33,700. Lumber futures (LB1:COM), meanwhile, continues to be under pressure, remaining below its crucial $1000 per thousand board feet level. Prices have dipped ~30% M/M amid demand uncertainty and surging mortgage rates that is making the housing market more restrictive for first time home buyers. Taking a look at the week's top 5 gainers among basic material stocks ($300M market cap or more):  Intrepid Potash (IPI) +30.36%  Grupo Simec (SIM) +14.78%  Mosaic (MOS) +12.20%  LSB Industries (LXU) +8.46%  FMC Corp (FMC) +6.05%   The week's top 5 decliners among basic material stocks ($300M market cap or more) were:  Lithium Americas (LAC) -21.73%  TMC the metals company (TMC) -18.45%  Cemex (CX) -16.88%  Standard Lithium (SLI) -14.78%  Piedmont Lithium (PLL) -12.66%   Other materials Pacer Swan SOS Fund of Funds ETF|ETFs to watch: iShares Global Timber & Forestry ETF (WOOD), Materials Select Sector SPDR ETF, Vanguard Materials ETF (VAW), iShares Global Materials ETF (MXI), SPDR S&P Metals and Mining ETF (XME), VanEck Vectors Gold Miners ETF (GDX), iShares MSCI Global Gold Miners ETF (RING), Global X Copper Miners ETF (COPX).","news_type":1},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063854054,"gmtCreate":1651454722657,"gmtModify":1676534908549,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Time to fish","listText":"Time to fish","text":"Time to fish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063854054","repostId":"1145901740","repostType":4,"repost":{"id":"1145901740","pubTimestamp":1651452698,"share":"https://ttm.financial/m/news/1145901740?lang=&edition=fundamental","pubTime":"2022-05-02 08:51","market":"us","language":"en","title":"Amazon's Downturn Isn't Over","url":"https://stock-news.laohu8.com/highlight/detail?id=1145901740","media":"seekingalpha","summary":"SummaryAmazon reported weak earnings, pushing the company's share price down by almost double-digits","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Amazon reported weak earnings, pushing the company&#39;s share price down by almost double-digits after hours.</li><li>The company&#39;s negative FCF has been increasing and that rate of increase shows no sign of slowing down.</li><li>We expect the company to see its situation become weaker, with increased share dilution.</li><li>Going forward, we recommend against investing in Amazon.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e4b912f750f58fa74c2cbdbf4723bd9\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"/><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p>Amazon (NASDAQ:AMZN) saw strong share price weakness on the back of weaker-than-expected earnings. As we discussed just a few weeks ago, we believe Amazon is at several times fair value, witha fair target price of roughly $1,000/share (pre-split). As we&#39;ll see throughout this article, Amazon&#39;s recent earnings reaffirm the thesis.</p><p><b>Amazon Financial Performance</b></p><p>Amazon saw growth rates decrease significantly in the most recent quarter.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02725c96df32c561d8d194ca8de3c217\" tg-width=\"640\" tg-height=\"379\" width=\"100%\" height=\"auto\"/><span>Amazon Sales - Amazon Investor Presentation</span></p><p>The company saw $477 billion in TTM net sales up 2% QoQ and ~12% YoY. The company saw international sales slow down slightly while AWS and North American sales both continued to remain strong. That financial performance turned into almost $30 billion in negative cash flow expanding significantly QoQ.</p><p>The company is currently trading at an annualized -2% cash flow yield, and so far, that shows no indication of slowing down.</p><p><b>Amazon Headwinds</b></p><p>Amazon has substantial headwinds worth paying close attention to.</p><p>(1) Rising Expenses</p><p>(2) Competition</p><p>(3) Customer Concern</p><p>Amazon has 3 headwinds that in our view all work together to place substantial pressure on the company. The first is raising expenses. Inflation is pressuring the company&#39;s free-shipping and other expenses, however, customers aren&#39;t ready to eat all those costs. The company didn&#39;t lower prices when crude prices dropped from COVID so it doesn&#39;t have the room to increase them.</p><p>The company&#39;s competition has continued to grow. Walmart (WMT) is rapidly expanding its online offerings, matching a strong physical footprint. Numerous other companies, such as Macy&#39;s (M) and Gap (GPS) are expanding their e-commerce businesses rather than working through Amazon. That&#39;s partially due to the increased value of customer data and trends, which Amazon has access to when you sell with them. With the company already having a dominant market position, competition will hurt future earnings.</p><p>Last is customer concerns. Americans are concerned about inflation, and Amazon has never had the cheapest prices. It&#39;s always been a convenience offering. We expect that in a difficult environment, customers will increasingly look towards maximum savings, causing them to move away from Amazon.</p><p><b>Amazon and the Netflix Mistake</b></p><p>Amazon, in our view, is making the same mistake we&#39;ve discussed about with Netflix (NFLX). The company clearly defined an industry, arguably it defined two industries with online shopping and AWS (cloud computing). However, defining that industry, if that industry doesn&#39;t have an insurmountable bar to entry, can only generate rewards for so long.</p><p>Amazon and Netflix shareholders are both starting to realize that. Amazon is &#34;flexing&#34; its pricing power by increasing the price of the Amazon Prime subscription. However, as discussed with the headwinds above, customers are looking closer at their wallets, and Amazon never offered the lowest prices or anything similar.</p><p>Similarly in AWS, the company has an impressive business. However, Google Cloud (GOOG) (GOOGL) and Microsoft Azure (MSFT) are also growing rapidly. The company is facing new competition here. We expect the company&#39;s market dominance will continue to be pressured, which at minimum, will continue to put pressure on its margins.</p><p><b>Amazon Shareholder Dilution</b></p><p>Another going concern for Amazon is the company&#39;s continued shareholder dilution.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55c82fc0e30cdc8f3e45f0c6fd17cc4d\" tg-width=\"640\" tg-height=\"409\" width=\"100%\" height=\"auto\"/><span>Amazon Dilution - Amazon Investor Presentation</span></p><p>Despite repurchasing ~1 million shares for ~$3 billion in 1Q 2022, the company still saw its YoY outstanding share count increase by 4 million shares. Given continued stock-based awards, we expect the company to continue adding roughly 4-5 million shares annually, or almost $15 billion in annual dilution expenses.</p><p>It&#39;s also worth noting that in their new employee offers, Amazon has consistently assumed 15% annualized stock growth. In a tough job market, the company was forced to more than double its maximum base compensated to employees. Given weak stock price performance (the company&#39;s share price is down YoY), we expect this 15% assumption will soon be challenged.</p><p>That&#39;ll result in increased share awards, which means even more dilution.</p><p><b>Our View</b></p><p>Our view is that Amazon continues to struggle. The company&#39;s margins will continue to be compressed by competition, pushing FCF to negative levels. The company will continue to have enormous capital obligations to fulfill its commitments to shareholders. New competition will hurt its ability to successfully raise prices in the same way for Netflix.</p><p>More so, Amazon&#39;s core offering has continued to be a commitment to customers. In a high inflationary environment, that loses importance over customers looking to protect their pocketbooks, which could stress Amazon&#39;s sales and explain why they&#39;re slowing down. The company doesn&#39;t offer pricing matching versus competitors like Walmart that do.</p><p>That means in a price competitive environment, the company is less competitive.</p><p><b>Thesis Risk</b></p><p>The largest risk to our thesis is Amazon continues to have a dominant market position with pricing power. So far there&#39;s no indication that the Prime price raise has caused massive amounts of customers to leave. If the company can reduce costs and focus on improving its margins, it has the ability to provide reasonable and potentially growing shareholder returns.</p><p><b>Conclusion</b></p><p>Amazon defined an industry the same way as Netflix. Arguably, the company defined two industries, becoming synonymous with both online shopping and cloud computing. However, despite that, competition is increasing significantly in both sectors of the company&#39;s business and its revenue growth is slowing down.</p><p>The company&#39;s costs are going up and it still has significant dilution effects from its employee costs. Amazon has seen strong negative FCF with substantial capital spending, and with no sign of that ending, we expect the company to have a poor ability to generate continued shareholder returns.</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>Amazon's Downturn Isn't Over</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon's Downturn Isn't Over\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-02 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4505609-amazon-q1-earnings-downturn-not-over><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmazon reported weak earnings, pushing the company's share price down by almost double-digits after hours.The company's negative FCF has been increasing and that rate of increase shows no sign ...</p>\n\n<a href=\"https://seekingalpha.com/article/4505609-amazon-q1-earnings-downturn-not-over\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4505609-amazon-q1-earnings-downturn-not-over","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1145901740","content_text":"SummaryAmazon reported weak earnings, pushing the company's share price down by almost double-digits after hours.The company's negative FCF has been increasing and that rate of increase shows no sign of slowing down.We expect the company to see its situation become weaker, with increased share dilution.Going forward, we recommend against investing in Amazon.Daria Nipot/iStock Editorial via Getty ImagesAmazon (NASDAQ:AMZN) saw strong share price weakness on the back of weaker-than-expected earnings. As we discussed just a few weeks ago, we believe Amazon is at several times fair value, witha fair target price of roughly $1,000/share (pre-split). As we'll see throughout this article, Amazon's recent earnings reaffirm the thesis.Amazon Financial PerformanceAmazon saw growth rates decrease significantly in the most recent quarter.Amazon Sales - Amazon Investor PresentationThe company saw $477 billion in TTM net sales up 2% QoQ and ~12% YoY. The company saw international sales slow down slightly while AWS and North American sales both continued to remain strong. That financial performance turned into almost $30 billion in negative cash flow expanding significantly QoQ.The company is currently trading at an annualized -2% cash flow yield, and so far, that shows no indication of slowing down.Amazon HeadwindsAmazon has substantial headwinds worth paying close attention to.(1) Rising Expenses(2) Competition(3) Customer ConcernAmazon has 3 headwinds that in our view all work together to place substantial pressure on the company. The first is raising expenses. Inflation is pressuring the company's free-shipping and other expenses, however, customers aren't ready to eat all those costs. The company didn't lower prices when crude prices dropped from COVID so it doesn't have the room to increase them.The company's competition has continued to grow. Walmart (WMT) is rapidly expanding its online offerings, matching a strong physical footprint. Numerous other companies, such as Macy's (M) and Gap (GPS) are expanding their e-commerce businesses rather than working through Amazon. That's partially due to the increased value of customer data and trends, which Amazon has access to when you sell with them. With the company already having a dominant market position, competition will hurt future earnings.Last is customer concerns. Americans are concerned about inflation, and Amazon has never had the cheapest prices. It's always been a convenience offering. We expect that in a difficult environment, customers will increasingly look towards maximum savings, causing them to move away from Amazon.Amazon and the Netflix MistakeAmazon, in our view, is making the same mistake we've discussed about with Netflix (NFLX). The company clearly defined an industry, arguably it defined two industries with online shopping and AWS (cloud computing). However, defining that industry, if that industry doesn't have an insurmountable bar to entry, can only generate rewards for so long.Amazon and Netflix shareholders are both starting to realize that. Amazon is \"flexing\" its pricing power by increasing the price of the Amazon Prime subscription. However, as discussed with the headwinds above, customers are looking closer at their wallets, and Amazon never offered the lowest prices or anything similar.Similarly in AWS, the company has an impressive business. However, Google Cloud (GOOG) (GOOGL) and Microsoft Azure (MSFT) are also growing rapidly. The company is facing new competition here. We expect the company's market dominance will continue to be pressured, which at minimum, will continue to put pressure on its margins.Amazon Shareholder DilutionAnother going concern for Amazon is the company's continued shareholder dilution.Amazon Dilution - Amazon Investor PresentationDespite repurchasing ~1 million shares for ~$3 billion in 1Q 2022, the company still saw its YoY outstanding share count increase by 4 million shares. Given continued stock-based awards, we expect the company to continue adding roughly 4-5 million shares annually, or almost $15 billion in annual dilution expenses.It's also worth noting that in their new employee offers, Amazon has consistently assumed 15% annualized stock growth. In a tough job market, the company was forced to more than double its maximum base compensated to employees. Given weak stock price performance (the company's share price is down YoY), we expect this 15% assumption will soon be challenged.That'll result in increased share awards, which means even more dilution.Our ViewOur view is that Amazon continues to struggle. The company's margins will continue to be compressed by competition, pushing FCF to negative levels. The company will continue to have enormous capital obligations to fulfill its commitments to shareholders. New competition will hurt its ability to successfully raise prices in the same way for Netflix.More so, Amazon's core offering has continued to be a commitment to customers. In a high inflationary environment, that loses importance over customers looking to protect their pocketbooks, which could stress Amazon's sales and explain why they're slowing down. The company doesn't offer pricing matching versus competitors like Walmart that do.That means in a price competitive environment, the company is less competitive.Thesis RiskThe largest risk to our thesis is Amazon continues to have a dominant market position with pricing power. So far there's no indication that the Prime price raise has caused massive amounts of customers to leave. If the company can reduce costs and focus on improving its margins, it has the ability to provide reasonable and potentially growing shareholder returns.ConclusionAmazon defined an industry the same way as Netflix. Arguably, the company defined two industries, becoming synonymous with both online shopping and cloud computing. However, despite that, competition is increasing significantly in both sectors of the company's business and its revenue growth is slowing down.The company's costs are going up and it still has significant dilution effects from its employee costs. Amazon has seen strong negative FCF with substantial capital spending, and with no sign of that ending, we expect the company to have a poor ability to generate continued shareholder returns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089788645,"gmtCreate":1650034183856,"gmtModify":1676534633315,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089788645","repostId":"2213294437","repostType":2,"repost":{"id":"2213294437","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":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1645700337,"share":"https://ttm.financial/m/news/2213294437?lang=&edition=fundamental","pubTime":"2022-02-24 18:58","market":"hk","language":"en","title":"Pentamaster International Posts FY Profit Of 116.7 Million RGT","url":"https://stock-news.laohu8.com/highlight/detail?id=2213294437","media":"T-Reuters","summary":"Pentamaster International Ltd <1665.HK>:Fy Profit For Year 116.7 Million Rgt Versus 113.9 Million Rg","content":"<html><body><p>Pentamaster International Ltd &lt;1665.HK&gt;:Fy Profit For Year 116.7 Million Rgt Versus 113.9 Million Rgt.Recommends Payment Of Final Dividend Of Hk$0.02 Per Share For Year.Fy Revenue 508.1 Million Rgt, Increase Of 21.4%.</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>Pentamaster International Posts FY Profit Of 116.7 Million RGT</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPentamaster International Posts FY Profit Of 116.7 Million RGT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2022-02-24 18:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Pentamaster International Ltd &lt;1665.HK&gt;:Fy Profit For Year 116.7 Million Rgt Versus 113.9 Million Rgt.Recommends Payment Of Final Dividend Of Hk$0.02 Per Share For Year.Fy Revenue 508.1 Million Rgt, Increase Of 21.4%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RGT":"ROYCE GLOBAL TRUST INC","BK1169":"半导体设备","01665":"槟杰科达"},"source_url":"https://www.trkd.thomsonreuters.com","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2213294437","content_text":"Pentamaster International Ltd <1665.HK>:Fy Profit For Year 116.7 Million Rgt Versus 113.9 Million Rgt.Recommends Payment Of Final Dividend Of Hk$0.02 Per Share For Year.Fy Revenue 508.1 Million Rgt, Increase Of 21.4%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807691879,"gmtCreate":1628033569291,"gmtModify":1703499820353,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807691879","repostId":"2156312793","repostType":2,"repost":{"id":"2156312793","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":1628031785,"share":"https://ttm.financial/m/news/2156312793?lang=&edition=fundamental","pubTime":"2021-08-04 07:03","market":"us","language":"en","title":"S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries","url":"https://stock-news.laohu8.com/highlight/detail?id=2156312793","media":"Reuters","summary":"Translate Bio surges on sale to $Sanofi$ in $3.2-bln deal. Focus on services sector data, jobs report this week. NEW YORK, Aug 3  - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.“Even though the pandemic is still w","content":"<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta 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\">\nS&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta 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\">2021-08-04 07:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DISCA":"探索传播","UAA":"安德玛公司A类股",".DJI":"道琼斯","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","RL":"拉夫劳伦","TTWO":"Take-Two Interactive Software","NFLX":"奈飞","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","AAPL":"苹果","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","TBIO":"TELESIS BIO","IVV":"标普500指数ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156312793","content_text":"Dupont, Discovery slide despite strong earnings\n\n\nTranslate Bio surges on sale to Sanofi in $3.2-bln deal\n\n\nFocus on services sector data, jobs report this week\n\n\nIndexes up: Dow 0.8%, S&P 0.82%, Nasdaq 0.55%\n\nNEW YORK, Aug 3 (Reuters) - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.\nTen of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.\n“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.\nApple rose 1.26% after sliding last week. Other heavyweight technology stocks, including Netflix, Tesla Motors and Facebook Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.\nA clutch of U.S. companies, including industrial materials maker Dupont Fabros Technology and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.\nA deepening regulatory scrutiny in China has sent jitters through the global technology sector.\nShares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group TENCENT, driven by fears the sector could be next in regulators' crosshairs.\n\"Grand Theft Auto\" creator Take-Two Interactive Software Inc plunged 7.71% after it issued a disappointing sales forecast.\nThe Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the S&P 500 gained 35.99 points, or 0.82%, to 4,423.15 and the NASDAQ added 80.23 points, or 0.55%, to 14,761.30.\nThe S&P 500's previous record closing high was 4,422.30.\nData on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.\nLater in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.\nIn M&A-driven moves, Translate Bio Inc. surged 29.23% after France's Sanofi agreed to buy the U.S. biotech company in a $3.2 billion deal.\nUnder Armour Inc and Ralph Lauren Corp jumped 6.19% and 6.13% respectively after raising their annual revenue forecasts.\nOverall, earnings at S&P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.\n“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.\nVolume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.\nThe S&P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807607792,"gmtCreate":1628033406716,"gmtModify":1703499815816,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807607792","repostId":"2156312793","repostType":2,"repost":{"id":"2156312793","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":1628031785,"share":"https://ttm.financial/m/news/2156312793?lang=&edition=fundamental","pubTime":"2021-08-04 07:03","market":"us","language":"en","title":"S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries","url":"https://stock-news.laohu8.com/highlight/detail?id=2156312793","media":"Reuters","summary":"Translate Bio surges on sale to $Sanofi$ in $3.2-bln deal. Focus on services sector data, jobs report this week. NEW YORK, Aug 3  - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.“Even though the pandemic is still w","content":"<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta 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\">\nS&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta 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\">2021-08-04 07:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DISCA":"探索传播","UAA":"安德玛公司A类股",".DJI":"道琼斯","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","RL":"拉夫劳伦","TTWO":"Take-Two Interactive Software","NFLX":"奈飞","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","AAPL":"苹果","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","TBIO":"TELESIS BIO","IVV":"标普500指数ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156312793","content_text":"Dupont, Discovery slide despite strong earnings\n\n\nTranslate Bio surges on sale to Sanofi in $3.2-bln deal\n\n\nFocus on services sector data, jobs report this week\n\n\nIndexes up: Dow 0.8%, S&P 0.82%, Nasdaq 0.55%\n\nNEW YORK, Aug 3 (Reuters) - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.\nTen of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.\n“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.\nApple rose 1.26% after sliding last week. Other heavyweight technology stocks, including Netflix, Tesla Motors and Facebook Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.\nA clutch of U.S. companies, including industrial materials maker Dupont Fabros Technology and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.\nA deepening regulatory scrutiny in China has sent jitters through the global technology sector.\nShares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group TENCENT, driven by fears the sector could be next in regulators' crosshairs.\n\"Grand Theft Auto\" creator Take-Two Interactive Software Inc plunged 7.71% after it issued a disappointing sales forecast.\nThe Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the S&P 500 gained 35.99 points, or 0.82%, to 4,423.15 and the NASDAQ added 80.23 points, or 0.55%, to 14,761.30.\nThe S&P 500's previous record closing high was 4,422.30.\nData on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.\nLater in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.\nIn M&A-driven moves, Translate Bio Inc. surged 29.23% after France's Sanofi agreed to buy the U.S. biotech company in a $3.2 billion deal.\nUnder Armour Inc and Ralph Lauren Corp jumped 6.19% and 6.13% respectively after raising their annual revenue forecasts.\nOverall, earnings at S&P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.\n“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.\nVolume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.\nThe S&P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807607981,"gmtCreate":1628033382043,"gmtModify":1703499814683,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807607981","repostId":"2156813147","repostType":2,"repost":{"id":"2156813147","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":1627984032,"share":"https://ttm.financial/m/news/2156813147?lang=&edition=fundamental","pubTime":"2021-08-03 17:47","market":"us","language":"en","title":"Infineon CEO warms to idea of TSMC plant in Germany","url":"https://stock-news.laohu8.com/highlight/detail?id=2156813147","media":"Reuters","summary":"BERLIN, Aug 3 (Reuters) - Infineon    CEO Reinhard Ploss on Tuesday supported the idea of Taiwan Sem","content":"<html><body><p>BERLIN, Aug 3 (Reuters) - Infineon    CEO Reinhard Ploss on Tuesday supported the idea of Taiwan Semiconductor</p><p>  building a chip fabrication plant in Germany, expressing a clear preference for its technology over that of Intel   .</p><p>   \"It would be an interesting idea to have TSMC in Germany,\" Ploss told reporters, while declining to comment directly on reports that the dominant contract chip manufacturer was in talks on building a plant here.  </p><p> (Reporting by Douglas Busvine Editing by Riham Alkousaa)</p><p>((douglas.busvine@tr.com; +49 30 220 133 562;))</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>Infineon CEO warms to idea of TSMC plant in Germany</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\">\nInfineon CEO warms to idea of TSMC plant in Germany\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-03 17:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>BERLIN, Aug 3 (Reuters) - Infineon    CEO Reinhard Ploss on Tuesday supported the idea of Taiwan Semiconductor</p><p>  building a chip fabrication plant in Germany, expressing a clear preference for its technology over that of Intel   .</p><p>   \"It would be an interesting idea to have TSMC in Germany,\" Ploss told reporters, while declining to comment directly on reports that the dominant contract chip manufacturer was in talks on building a plant here.  </p><p> (Reporting by Douglas Busvine Editing by Riham Alkousaa)</p><p>((douglas.busvine@tr.com; +49 30 220 133 562;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156813147","content_text":"BERLIN, Aug 3 (Reuters) - Infineon    CEO Reinhard Ploss on Tuesday supported the idea of Taiwan Semiconductor  building a chip fabrication plant in Germany, expressing a clear preference for its technology over that of Intel   .   \"It would be an interesting idea to have TSMC in Germany,\" Ploss told reporters, while declining to comment directly on reports that the dominant contract chip manufacturer was in talks on building a plant here.   (Reporting by Douglas Busvine Editing by Riham Alkousaa)((douglas.busvine@tr.com; +49 30 220 133 562;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807604853,"gmtCreate":1628033355972,"gmtModify":1703499813552,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Why?&nbsp;","listText":"Why?&nbsp;","text":"Why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807604853","repostId":"2156851124","repostType":2,"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806731760,"gmtCreate":1627693180350,"gmtModify":1703494731291,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806731760","repostId":"1125426477","repostType":2,"repost":{"id":"1125426477","pubTimestamp":1627688762,"share":"https://ttm.financial/m/news/1125426477?lang=&edition=fundamental","pubTime":"2021-07-31 07:46","market":"us","language":"en","title":"BofA Says Interest Rates Are at 5,000-Year Low","url":"https://stock-news.laohu8.com/highlight/detail?id=1125426477","media":"The Street","summary":"'At some point in the next 5,000 years, rates will rise, but there is no fear on Wall Street that th","content":"<blockquote>\n 'At some point in the next 5,000 years, rates will rise, but there is no fear on Wall Street that this happens anytime soon,' BofA says.\n</blockquote>\n<p>Bank of America says interest rates are at a 5,000-year low and recommends holding quality, defensive stocks for the rest of the year.</p>\n<p>The interest-rate calculation comes from BofA’s own data, the Bank of England, Global Financial Data and the 2005 book “A History of Interest Rates.”</p>\n<p>“Central banks are keeping global interest rates at 5,000 year lows,” wrote BofA&nbsp; Chief Investment Strategist Michael Hartnett. “At some point in the next 5,000 years, rates will rise, but there is no fear on Wall Street that this happens anytime soon.”</p>\n<p>The message of this week’s FOMC meeting was \"we will let it [the economy] run hot, [represents an] ok for inflation to be not-so-transitory,” he said.</p>\n<p>“The market reaction will be [to push] the U.S. dollar down and U.S. Treasury yields up. Commodities will remain bid, and there will be a rotation to emerging market stocks and bonds.”</p>\n<p>Hartnett also sees a “preference for quality and defensive stocks, driven by inflation causing growth and EPS estimates to fall. The U.S. consumer has peaked.”</p>\n<p>As for BofA’s advice, it recommends owning “defensive, quality stocks in the second half, … as policy flip-flops will end in a market correction,” Hartnett says.</p>\n<p>BofA favors defensive stocks in vaccinated markets, such as the U.S. and European Union. And it likes cyclical reopening stocks in markets with “vaccine-upside, i.e. Japan, China and emerging markets.”</p>\n<p>U.S. stocks are falling Friday, as investors weigh concerns about the spread of the COVID-19 Delta variant and disappointing results from online retail giant Amazon (AMZN).</p>","source":"lsy1610613172068","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>BofA Says Interest Rates Are at 5,000-Year Low</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\">\nBofA Says Interest Rates Are at 5,000-Year Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-31 07:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/b-of-a-interest-rates-5000-year-><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>'At some point in the next 5,000 years, rates will rise, but there is no fear on Wall Street that this happens anytime soon,' BofA says.\n\nBank of America says interest rates are at a 5,000-year low ...</p>\n\n<a href=\"https://www.thestreet.com/investing/b-of-a-interest-rates-5000-year-\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.thestreet.com/investing/b-of-a-interest-rates-5000-year-","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125426477","content_text":"'At some point in the next 5,000 years, rates will rise, but there is no fear on Wall Street that this happens anytime soon,' BofA says.\n\nBank of America says interest rates are at a 5,000-year low and recommends holding quality, defensive stocks for the rest of the year.\nThe interest-rate calculation comes from BofA’s own data, the Bank of England, Global Financial Data and the 2005 book “A History of Interest Rates.”\n“Central banks are keeping global interest rates at 5,000 year lows,” wrote BofA  Chief Investment Strategist Michael Hartnett. “At some point in the next 5,000 years, rates will rise, but there is no fear on Wall Street that this happens anytime soon.”\nThe message of this week’s FOMC meeting was \"we will let it [the economy] run hot, [represents an] ok for inflation to be not-so-transitory,” he said.\n“The market reaction will be [to push] the U.S. dollar down and U.S. Treasury yields up. Commodities will remain bid, and there will be a rotation to emerging market stocks and bonds.”\nHartnett also sees a “preference for quality and defensive stocks, driven by inflation causing growth and EPS estimates to fall. The U.S. consumer has peaked.”\nAs for BofA’s advice, it recommends owning “defensive, quality stocks in the second half, … as policy flip-flops will end in a market correction,” Hartnett says.\nBofA favors defensive stocks in vaccinated markets, such as the U.S. and European Union. And it likes cyclical reopening stocks in markets with “vaccine-upside, i.e. Japan, China and emerging markets.”\nU.S. stocks are falling Friday, as investors weigh concerns about the spread of the COVID-19 Delta variant and disappointing results from online retail giant Amazon (AMZN).","news_type":1},"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803602065,"gmtCreate":1627434416257,"gmtModify":1703489835311,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803602065","repostId":"1148712151","repostType":2,"repost":{"id":"1148712151","pubTimestamp":1627423570,"share":"https://ttm.financial/m/news/1148712151?lang=&edition=fundamental","pubTime":"2021-07-28 06:06","market":"us","language":"en","title":"Apple warns supply constraints will impact iPhone and iPad, shares fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1148712151","media":"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","summary":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.Overall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.Apple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.Here are the key numbers compared to what Wal","content":"<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple warns supply constraints will impact iPhone and iPad, shares fall</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 warns supply constraints will impact iPhone and iPad, shares fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 06:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html><strong>https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">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.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1148712151","content_text":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.\nApple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.\nHere are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:\n\nEPS: $1.30 vs. $1.01 estimated\nRevenue: $81.41 billion vs. $73.30 billion estimated, up 36% year-over-year\niPhone revenue: $39.57 billion vs. $34.01 billion estimated, up 49.78% year-over-year\nServices revenue: $17.48 billion vs. $16.33 billion estimated, up 33% year-over-year\nOther Products revenue: $8.76 billion vs. $7.80 billion estimated, up 40% year-over-year\nMac revenue:$8.24 billion vs. $8.07 billion estimated, up 16% year-over-year\niPad revenue: $7.37 billion vs. $7.15 billion estimated, up 12% year-over-year\nGross margin: 43.3% vs. 41.9% estimated\n\nApple did not provide formal guidance for the sixth quarter in a row and has not since the beginning of the Covid-19 pandemic.\nHowever, Apple CFO Luca Maestri said that it expected double-digit year-over-year growth in the current quarter. Maestri said that Apple expected less than 36% growth in the September quarter because of foreign exchange rates, less growth in its services business, and supply constraints for iPhones and iPads.\nApple CEO Tim Cook said in a call with analysts that Apple is seeing supply constraints related to silicon that would affect the company’s iPhone and iPad sales in the September quarter.\nApple also had a strong quarter in its Greater China region, which includes Taiwan and Hong Kong in addition to the mainland. Apple reported $14.76 billion in sales in the region, up 58% from the same quarter last year, although it was an easy comparison given that China was in stages of lockdown during the quarter.\nAmericas sales were up nearly 33% year-over-year to $39.57 billion.\nWATCH NOWVIDEO00:46Apple up after earnings, revenue beat\nApple’s quarter ending in June is typically one of its slowest of the year, but the company has benefitted from work-at-home and remote schooling trends that have boosted sales of its premium computers.\nLast year’s June quarter was a company record for sales despite lockdowns around the world, so Apple is growing even compared to a strong basis from a year ago.\nCook mentioned that the success was not just because of people upgrading their old iPhones, but also Android customers buying their first iPhone.\n“We saw a very strong double digit increases in both upgraders and switchers during the quarter,” Cook said.\nApple’s quarter could have been even better if it had not grappled with supply shortages likely linked to the global chip shortage, which mostly affected its Mac and iPad sales.\n“The shortage primarily affected Mac and iPad,” Apple CEO Tim Cook told CNBC’s Josh Lipton. “We had predicted the shortages to total $3 to $4 billion. But we were actually able to mitigate some of that, and we came in at the lower than the low end part of that range.”\nHowever, Apple warned that silicon supply constraints could affect its September quarter iPhone and iPad sales, although the chips that are in short supply are the “legacy nodes” of older kinds of chips, instead of the processors that power Apple devices. Cook also said on a call with analysts that the company believes that freight costs are high.\nApple’s services business also shook off investor fears that its rate of growth could slow as more people go back to work and spend less on online services and apps. Services was up 33% year-over-year, an acceleration from last quarter’s 26.7% growth rate. Maestri said that Apple expected the company’s services growth rate to decrease in the September quarter.\nWhile Apple’s services business includes many products and Apple does not break down how it’s composed, Cook told CNBC that the company set records in music, video, cloud services, advertising and payments.\n“It’s clear that our long running investment in our services strategy is succeeding,” Cook told CNBC.\nApple now has 700 million paid subscribers, up 150 million year-over-year, Cook said. Apple’s subscriber figure includes customers subscribed to an app through Apple’s App Store billing.\nCook also said that Apple pushed back its return to its campus headquarters from September to at least October because of the Covid-19 situation.\n“I’ve been really pleased with what we’ve been able to accomplish in this fully remote mode,” Cook said.\nApple declared a dividend of $0.22 per share of stock. In a statement, Apple said that it spent $29 billion on shareholder return during the quarter. Apple CFO Luca Maestri told CNBC that the company has bought back almost $450 billion in stock in recent years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803163450,"gmtCreate":1627428430970,"gmtModify":1703489612773,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Still strong","listText":"Still strong","text":"Still strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803163450","repostId":"1148712151","repostType":2,"repost":{"id":"1148712151","pubTimestamp":1627423570,"share":"https://ttm.financial/m/news/1148712151?lang=&edition=fundamental","pubTime":"2021-07-28 06:06","market":"us","language":"en","title":"Apple warns supply constraints will impact iPhone and iPad, shares fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1148712151","media":"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","summary":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.Overall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.Apple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.Here are the key numbers compared to what Wal","content":"<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple warns supply constraints will impact iPhone and iPad, shares fall</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 warns supply constraints will impact iPhone and iPad, shares fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 06:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html><strong>https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">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.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1148712151","content_text":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.\nApple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.\nHere are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:\n\nEPS: $1.30 vs. $1.01 estimated\nRevenue: $81.41 billion vs. $73.30 billion estimated, up 36% year-over-year\niPhone revenue: $39.57 billion vs. $34.01 billion estimated, up 49.78% year-over-year\nServices revenue: $17.48 billion vs. $16.33 billion estimated, up 33% year-over-year\nOther Products revenue: $8.76 billion vs. $7.80 billion estimated, up 40% year-over-year\nMac revenue:$8.24 billion vs. $8.07 billion estimated, up 16% year-over-year\niPad revenue: $7.37 billion vs. $7.15 billion estimated, up 12% year-over-year\nGross margin: 43.3% vs. 41.9% estimated\n\nApple did not provide formal guidance for the sixth quarter in a row and has not since the beginning of the Covid-19 pandemic.\nHowever, Apple CFO Luca Maestri said that it expected double-digit year-over-year growth in the current quarter. Maestri said that Apple expected less than 36% growth in the September quarter because of foreign exchange rates, less growth in its services business, and supply constraints for iPhones and iPads.\nApple CEO Tim Cook said in a call with analysts that Apple is seeing supply constraints related to silicon that would affect the company’s iPhone and iPad sales in the September quarter.\nApple also had a strong quarter in its Greater China region, which includes Taiwan and Hong Kong in addition to the mainland. Apple reported $14.76 billion in sales in the region, up 58% from the same quarter last year, although it was an easy comparison given that China was in stages of lockdown during the quarter.\nAmericas sales were up nearly 33% year-over-year to $39.57 billion.\nWATCH NOWVIDEO00:46Apple up after earnings, revenue beat\nApple’s quarter ending in June is typically one of its slowest of the year, but the company has benefitted from work-at-home and remote schooling trends that have boosted sales of its premium computers.\nLast year’s June quarter was a company record for sales despite lockdowns around the world, so Apple is growing even compared to a strong basis from a year ago.\nCook mentioned that the success was not just because of people upgrading their old iPhones, but also Android customers buying their first iPhone.\n“We saw a very strong double digit increases in both upgraders and switchers during the quarter,” Cook said.\nApple’s quarter could have been even better if it had not grappled with supply shortages likely linked to the global chip shortage, which mostly affected its Mac and iPad sales.\n“The shortage primarily affected Mac and iPad,” Apple CEO Tim Cook told CNBC’s Josh Lipton. “We had predicted the shortages to total $3 to $4 billion. But we were actually able to mitigate some of that, and we came in at the lower than the low end part of that range.”\nHowever, Apple warned that silicon supply constraints could affect its September quarter iPhone and iPad sales, although the chips that are in short supply are the “legacy nodes” of older kinds of chips, instead of the processors that power Apple devices. Cook also said on a call with analysts that the company believes that freight costs are high.\nApple’s services business also shook off investor fears that its rate of growth could slow as more people go back to work and spend less on online services and apps. Services was up 33% year-over-year, an acceleration from last quarter’s 26.7% growth rate. Maestri said that Apple expected the company’s services growth rate to decrease in the September quarter.\nWhile Apple’s services business includes many products and Apple does not break down how it’s composed, Cook told CNBC that the company set records in music, video, cloud services, advertising and payments.\n“It’s clear that our long running investment in our services strategy is succeeding,” Cook told CNBC.\nApple now has 700 million paid subscribers, up 150 million year-over-year, Cook said. Apple’s subscriber figure includes customers subscribed to an app through Apple’s App Store billing.\nCook also said that Apple pushed back its return to its campus headquarters from September to at least October because of the Covid-19 situation.\n“I’ve been really pleased with what we’ve been able to accomplish in this fully remote mode,” Cook said.\nApple declared a dividend of $0.22 per share of stock. In a statement, Apple said that it spent $29 billion on shareholder return during the quarter. Apple CFO Luca Maestri told CNBC that the company has bought back almost $450 billion in stock in recent years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147783568,"gmtCreate":1626391586354,"gmtModify":1703759098650,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147783568","repostId":"2151527786","repostType":2,"repost":{"id":"2151527786","pubTimestamp":1626356161,"share":"https://ttm.financial/m/news/2151527786?lang=&edition=fundamental","pubTime":"2021-07-15 21:36","market":"us","language":"en","title":"Telecom Stock Roundup: QCOM Enters Smartphone Market, VZ Settles Lawsuits & More","url":"https://stock-news.laohu8.com/highlight/detail?id=2151527786","media":"Zacks","summary":"U.S. telecom stocks traded relatively flat on average over the past week, as the FCC approved $1.9 b","content":"<html><body><p>U.S. telecom stocks traded relatively flat on average over the past week, as the FCC approved $1.9 billion in subsidies for the ‘rip and replace’ program of various telecommunications equipment manufactured by China-based entities deemed to be national security risks. The detailed policy guidelines, which offered a framework for subsidizing smaller carriers for concurring with government regulations, was fraught with operational risks and created an element of doubt and uncertainty within rural operators regarding the successful implementation of the same. President Biden’s executive order to promote fair competition within diverse industries further added to the cacophony, as it largely issued directives to the FCC and FTC to initiate rulemaking procedures. The apparent dearth of self-executing policy measures perhaps stopped the industry from going gung-ho about this federal initiative.      <br/><br/>In order to be eligible for receiving federal subsidies for replacing equipment from China-based telecom companies, wireless operators should have served a population of 10 million users or less. The replaceable gears should have been obtained from banned entities like Huawei or ZTE prior to Jun 30, 2020. About 50 small carriers and rural operators are likely to fit the bill and unless these firms are duly reimbursed for replacing gear that are nearly 30-35% cheaper than other available variants in the market, they could go bankrupt for purchasing pricier alternatives to maintain their service quality. This, in turn, has significantly increased the operational risks for the effective execution of the subsidy program.<br/><br/>Among the various provisions within Biden’s executive order, the telecom industry is likely to be more affected by three separate directives. These include an FCC-directive to reinstate Obama-era net neutrality laws, an order to monitor and report broadband price and subscription rates to FCC for dissemination to consumers, and an FTC-directive to provide consumers and third-parties a “right to repair” their devices without going through the device manufacturer. Although the directives are primarily aimed for the larger benefit, the rulemaking is likely to be a time-consuming affair with possibilities of being challenged in court, further delaying the process of implementation. Moreover, with the five-member FCC deadlocked with two Republican and two Democratic member representations, the Order is likely to be delayed until the fifth member is nominated and confirmed.  <br/><br/>Regarding company-specific news, product launch, patent settlement, guidance revision, network expansion and acquisition primarily took center stage over the past five trading days.</p>\n<h3>Recap of the Week’s Most Important Stories</h3>\n<p>1.     At a time when the broader technology sector is reeling under acute global chip shortage, <strong>Qualcomm Incorporated</strong> QCOM has taken the world by storm by foraying into the smartphone market with <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its flagship chips. The venture has been made possible with a strategic tie-up with Taiwan-based telecommunications equipment manufacturer ASUS, and is an ode to the 1.6-million strong community of Snapdragon Insiders.  <br/><br/>Dubbed the Snapdragon Smartphone for Insiders (EXP21), the smartphone is co-designed and manufactured by ASUS. It runs on Snapdragon 888 processor and is equipped with an AMOLED display with Full HD+ resolution and Corning Incorporated’s Victus gorilla glass – one of the toughest anti-scratch glasses available in the market that protects devices when dropped. Although Snapdragon 888 Plus is the latest SoC (System-on-Chip) from the Qualcomm stable, it is not being used in this high-end device as ASUS reportedly started the system designing process few months ago when the chip was yet to be launched.   <br/><br/>2.     <strong>Verizon Communications Inc.</strong> VZ has amicably settled two patent lawsuits with telecommunication equipment manufacturer Huawei Technologies in an out-of-court settlement, the details of which were kept under wraps. The dramatic turn of events followed after court proceedings began in one of the trials last week in Marshall, TX, and brings to end a bitter legal battle amid waning Sino-U.S. bilateral trade relationship.<br/><br/>The legal resolution puts to rest the uncertainty embroiled with the court proceedings and both the companies were reportedly pleased with the settlement, despite maintaining the secrecy of the due process involved. Huawei supposedly holds more than 100,000 active global patents across more than 40,000 patent families, including about 10,000 U.S. patents. The company aims to monetize these gold mines to make up for the lost revenues, after its bread and butter businesses of network equipment and smartphone manufacturing were crippled by the U.S. embargo.<br/><br/>3.     <strong>Nokia Corporation</strong> NOK recently announced that it plans to revise its earlier guidance for 2021 on improved market conditions that propelled its business in the second quarter despite a challenging macroeconomic environment. The company will provide the updated guidance in concurrence with the second-quarter results, scheduled to be released on Jul 29, 2021.<br/><br/>Earlier, Nokia expected net sales (adjusted for currency fluctuations) between €20.6 billion and €21.8 billion for 2021 with an operating margin of 7-10%. The company witnessed a solid pick up in sales in the second quarter, buoyed by a diligent execution of operational plans in order to achieve a sustainable and profitable growth. Nokia also benefitted from stringent cost-cutting measures and employee layoffs, while continuing to benefit from strategic partnership with diverse business entities. Consequently, the company intends to revise its outlook to better reflect the improving business conditions.<br/><br/>4.     <strong>Ericsson</strong> ERIC has inked a deal for an undisclosed amount with Vodafone Spain, an operating unit of Vodafone Group Plc, to help the latter deploy pre-commercial 5G Core Standalone (SA) network across the European country. Per the contract, the Nordic firm will also provide support services for the entire cloud-native 5G Core applications within the SA network.<br/> <br/>The simplified SA architecture in RAN (radio access network) and the connected devices will provide Vodafone Spain improved 5G connectivity with low latency and wider coverage. In addition, Ericsson’s Cloud Packet Core and Cloud Unified Data Management solutions will offer the wireless carrier a common multi-access and cloud-native platform with full interoperability features to support 5G and as well as previous generations for seamless operation. This, in turn, will enable Vodafone Spain to unlock the full potential of 5G as it embarks on a journey to provide 5G SA connectivity services throughout the country.  <br/><br/>5.     <strong>Motorola Solutions, Inc.</strong> MSI has inked a deal to acquire Openpath Security Inc. for an undisclosed amount. The acquisition will enable Motorola to combine its market-leading video security portfolio with advanced access control features.<br/><br/>Openpath’s capabilities will allow Motorola to augment its footprint by supporting enterprise customers with state-of-the-art security solutions. Motorola is committed to the integration of security technologies that help organizations enhance safety.</p>\n<h3>Price Performance</h3>\n<p>The following table shows the price movement of some of the major telecom stocks over the past week and six months.<br/> </p>\n<p><img src=\"https://s.yimg.com/uu/api/res/1.2/921or_CMZNSvSS3S3w.x5g--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/zacks.com/ea0551bee898ca220bb20c3b56335e94\"/><br/><span>Image Source: Zacks Investment Research</span></p>\n<p>In the past five trading days, Qualcomm and Juniper have been the best performers with stocks gaining 2.6% each, while Bandwidth declined the most with its stock falling 4.4%.<br/><br/>Over the past six months, Motorola has been the best performer with its stock appreciating 22.1%, while Bandwidth declined the most with its stock falling 26.1%.<br/><br/>Over the past six months, the Zacks Telecommunications Services industry has gained 12.4% while the S&amp;P 500 has rallied 17%.<br/> </p>\n<p><img src=\"https://s.yimg.com/uu/api/res/1.2/G_8_.zSZ0v.b8ms__ohfpA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/zacks.com/8bf98cc1ec6ef0efb81be395169f37dc\"/><br/><span>Image Source: Zacks Investment Research</span></p>\n<h3>What’s Next in the Telecom Space?</h3>\n<p>In addition to 5G deployments and product launches, all eyes will remain glued to how the administration implements key policy changes to safeguard the interests of the industry with the earnings season around the corner.</p>\n<br/>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. \nClick to get this free report\n<br/> \n<br/>\nQUALCOMM Incorporated (QCOM) : Free Stock Analysis Report\n<br/> \n<br/>\nEricsson (ERIC) : Free Stock Analysis Report\n<br/> \n<br/>\nVerizon Communications Inc. (VZ) : Free Stock Analysis Report\n<br/> \n<br/>\nNokia Corporation (NOK) : Free Stock Analysis Report\n<br/> \n<br/>\nMotorola Solutions, Inc. (MSI) : Free Stock Analysis Report\n<br/> \n<br/>\nTo read this article on Zacks.com click here.\n<br/> \n<br/>\nZacks Investment Research</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>Telecom Stock Roundup: QCOM Enters Smartphone Market, VZ Settles Lawsuits & 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\">\nTelecom Stock Roundup: QCOM Enters Smartphone Market, VZ Settles Lawsuits & More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 21:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/telecom-stock-roundup-qcom-enters-133601338.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. telecom stocks traded relatively flat on average over the past week, as the FCC approved $1.9 billion in subsidies for the ‘rip and replace’ program of various telecommunications equipment ...</p>\n\n<a href=\"https://finance.yahoo.com/news/telecom-stock-roundup-qcom-enters-133601338.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/IQT_Qgql1vBoTpkmDoibMw--~B/aD00NTU7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/KH5O0G7DK3sLcUM578wJPg--~B/aD00NTU7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/31fda2eedeb97c0e35a1b5ebd0dd1968","relate_stocks":{"QCOM":"高通","MSI":"摩托罗拉解决方案","NOK":"诺基亚"},"source_url":"https://finance.yahoo.com/news/telecom-stock-roundup-qcom-enters-133601338.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151527786","content_text":"U.S. telecom stocks traded relatively flat on average over the past week, as the FCC approved $1.9 billion in subsidies for the ‘rip and replace’ program of various telecommunications equipment manufactured by China-based entities deemed to be national security risks. The detailed policy guidelines, which offered a framework for subsidizing smaller carriers for concurring with government regulations, was fraught with operational risks and created an element of doubt and uncertainty within rural operators regarding the successful implementation of the same. President Biden’s executive order to promote fair competition within diverse industries further added to the cacophony, as it largely issued directives to the FCC and FTC to initiate rulemaking procedures. The apparent dearth of self-executing policy measures perhaps stopped the industry from going gung-ho about this federal initiative.      In order to be eligible for receiving federal subsidies for replacing equipment from China-based telecom companies, wireless operators should have served a population of 10 million users or less. The replaceable gears should have been obtained from banned entities like Huawei or ZTE prior to Jun 30, 2020. About 50 small carriers and rural operators are likely to fit the bill and unless these firms are duly reimbursed for replacing gear that are nearly 30-35% cheaper than other available variants in the market, they could go bankrupt for purchasing pricier alternatives to maintain their service quality. This, in turn, has significantly increased the operational risks for the effective execution of the subsidy program.Among the various provisions within Biden’s executive order, the telecom industry is likely to be more affected by three separate directives. These include an FCC-directive to reinstate Obama-era net neutrality laws, an order to monitor and report broadband price and subscription rates to FCC for dissemination to consumers, and an FTC-directive to provide consumers and third-parties a “right to repair” their devices without going through the device manufacturer. Although the directives are primarily aimed for the larger benefit, the rulemaking is likely to be a time-consuming affair with possibilities of being challenged in court, further delaying the process of implementation. Moreover, with the five-member FCC deadlocked with two Republican and two Democratic member representations, the Order is likely to be delayed until the fifth member is nominated and confirmed.  Regarding company-specific news, product launch, patent settlement, guidance revision, network expansion and acquisition primarily took center stage over the past five trading days.\nRecap of the Week’s Most Important Stories\n1.     At a time when the broader technology sector is reeling under acute global chip shortage, Qualcomm Incorporated QCOM has taken the world by storm by foraying into the smartphone market with one of its flagship chips. The venture has been made possible with a strategic tie-up with Taiwan-based telecommunications equipment manufacturer ASUS, and is an ode to the 1.6-million strong community of Snapdragon Insiders.  Dubbed the Snapdragon Smartphone for Insiders (EXP21), the smartphone is co-designed and manufactured by ASUS. It runs on Snapdragon 888 processor and is equipped with an AMOLED display with Full HD+ resolution and Corning Incorporated’s Victus gorilla glass – one of the toughest anti-scratch glasses available in the market that protects devices when dropped. Although Snapdragon 888 Plus is the latest SoC (System-on-Chip) from the Qualcomm stable, it is not being used in this high-end device as ASUS reportedly started the system designing process few months ago when the chip was yet to be launched.   2.     Verizon Communications Inc. VZ has amicably settled two patent lawsuits with telecommunication equipment manufacturer Huawei Technologies in an out-of-court settlement, the details of which were kept under wraps. The dramatic turn of events followed after court proceedings began in one of the trials last week in Marshall, TX, and brings to end a bitter legal battle amid waning Sino-U.S. bilateral trade relationship.The legal resolution puts to rest the uncertainty embroiled with the court proceedings and both the companies were reportedly pleased with the settlement, despite maintaining the secrecy of the due process involved. Huawei supposedly holds more than 100,000 active global patents across more than 40,000 patent families, including about 10,000 U.S. patents. The company aims to monetize these gold mines to make up for the lost revenues, after its bread and butter businesses of network equipment and smartphone manufacturing were crippled by the U.S. embargo.3.     Nokia Corporation NOK recently announced that it plans to revise its earlier guidance for 2021 on improved market conditions that propelled its business in the second quarter despite a challenging macroeconomic environment. The company will provide the updated guidance in concurrence with the second-quarter results, scheduled to be released on Jul 29, 2021.Earlier, Nokia expected net sales (adjusted for currency fluctuations) between €20.6 billion and €21.8 billion for 2021 with an operating margin of 7-10%. The company witnessed a solid pick up in sales in the second quarter, buoyed by a diligent execution of operational plans in order to achieve a sustainable and profitable growth. Nokia also benefitted from stringent cost-cutting measures and employee layoffs, while continuing to benefit from strategic partnership with diverse business entities. Consequently, the company intends to revise its outlook to better reflect the improving business conditions.4.     Ericsson ERIC has inked a deal for an undisclosed amount with Vodafone Spain, an operating unit of Vodafone Group Plc, to help the latter deploy pre-commercial 5G Core Standalone (SA) network across the European country. Per the contract, the Nordic firm will also provide support services for the entire cloud-native 5G Core applications within the SA network. The simplified SA architecture in RAN (radio access network) and the connected devices will provide Vodafone Spain improved 5G connectivity with low latency and wider coverage. In addition, Ericsson’s Cloud Packet Core and Cloud Unified Data Management solutions will offer the wireless carrier a common multi-access and cloud-native platform with full interoperability features to support 5G and as well as previous generations for seamless operation. This, in turn, will enable Vodafone Spain to unlock the full potential of 5G as it embarks on a journey to provide 5G SA connectivity services throughout the country.  5.     Motorola Solutions, Inc. MSI has inked a deal to acquire Openpath Security Inc. for an undisclosed amount. The acquisition will enable Motorola to combine its market-leading video security portfolio with advanced access control features.Openpath’s capabilities will allow Motorola to augment its footprint by supporting enterprise customers with state-of-the-art security solutions. Motorola is committed to the integration of security technologies that help organizations enhance safety.\nPrice Performance\nThe following table shows the price movement of some of the major telecom stocks over the past week and six months. \nImage Source: Zacks Investment Research\nIn the past five trading days, Qualcomm and Juniper have been the best performers with stocks gaining 2.6% each, while Bandwidth declined the most with its stock falling 4.4%.Over the past six months, Motorola has been the best performer with its stock appreciating 22.1%, while Bandwidth declined the most with its stock falling 26.1%.Over the past six months, the Zacks Telecommunications Services industry has gained 12.4% while the S&P 500 has rallied 17%. \nImage Source: Zacks Investment Research\nWhat’s Next in the Telecom Space?\nIn addition to 5G deployments and product launches, all eyes will remain glued to how the administration implements key policy changes to safeguard the interests of the industry with the earnings season around the corner.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. \nClick to get this free report\n \n\nQUALCOMM Incorporated (QCOM) : Free Stock Analysis Report\n \n\nEricsson (ERIC) : Free Stock Analysis Report\n \n\nVerizon Communications Inc. (VZ) : Free Stock Analysis Report\n \n\nNokia Corporation (NOK) : Free Stock Analysis Report\n \n\nMotorola Solutions, Inc. (MSI) : Free Stock Analysis Report\n \n\nTo read this article on Zacks.com click here.\n \n\nZacks Investment Research","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147714649,"gmtCreate":1626391428581,"gmtModify":1703759093312,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147714649","repostId":"1165176874","repostType":2,"repost":{"id":"1165176874","pubTimestamp":1626387247,"share":"https://ttm.financial/m/news/1165176874?lang=&edition=fundamental","pubTime":"2021-07-16 06:14","market":"us","language":"en","title":"Expect a 10% or worse correction in U.S. stocks by mid-August, says this forecaster with a proven track record","url":"https://stock-news.laohu8.com/highlight/detail?id=1165176874","media":"MarketWatch","summary":"Market breadth hasn’t been this poor since October 2018 and the start of a 20%-plus decline.Get ready for the most severe correction since the bull market began in March 2020.To be sure, predictions are a dime a dozen on Wall Street. But this one comes from Hayes Martin, president of investment advisory firmMarket Extremes. I was introduced to Martin’s work several years ago and since then I’ve found his predictions of market turning points to be impressive. . I devoted two columns to Martin’s f","content":"<blockquote>\n Market breadth hasn’t been this poor since October 2018 and the start of a 20%-plus decline.\n</blockquote>\n<p>Get ready for the most severe correction since the bull market began in March 2020.</p>\n<p>To be sure, predictions are a dime a dozen on Wall Street. But this one comes from Hayes Martin, president of investment advisory firmMarket Extremes. I was introduced to Martin’s work several years ago and since then I’ve found his predictions of market turning points to be impressive. (For the record: Martin does not have an investment newsletter; my newsletter-tracking firm does not audit his investment performance.)</p>\n<p>I devoted two columns to Martin’s forecasts over the past year, and both proved prescient. In May 2020, I concluded that “the stock market… is stronger than even the most bullish investors believe.” In January of this year, I wrote that the market was still “firing on all cylinders.”</p>\n<p>In an interview on July 14, Martin said the U.S. stock market today is most definitely not firing on all cylinders. In fact, he said, the market’s internal health is now worse than at any time since October 2018. That was the beginning of a 20% decline in the S&amp;P 500SPX,-0.33%and a 26% decline in the small-cap Russell 2000 IndexRUT,-0.55%.(Martin anticipated that decline as well; seemy Oct. 4, 2018, column.)</p>\n<p>Martin hastened to add that the market’s internal health is not as bad today as it was in 2018. This time around, he is forecasting a decline of 10% or more for the leading U.S. stock indexes. As for timing, he says that the decline could begin at any time, but he anticipates that it will begin no later than mid-August.</p>\n<p><b>The source of the market’s ill-health</b></p>\n<p>Martin bases his sobering forecast on the increasing divergences within the U.S. market, as indicated by fewer and fewer stocks participating in the headline-grabbing strength of the leading indices. One indicator of these divergences is the growing number of stocks hitting new lows, for example. On Wednesday of this week, for example, even as the Nasdaq 100NDX,-0.71%and the S&amp;P 100OEX,-0.37%indexes were hitting new highs, many sectors were registering a plurality of new lows.</p>\n<p>This was particularly evident in the small- and mid-cap sectors, as represented by the Russell 2000 index. On July 13 there were more new lows than new highs within that index for the second consecutive day. In Martin’s data for the Russell 2000’s new highs and new lows, which extends back to June 2000, what happened this week has happened only three other times — in September 2014, July 2015 and October 2018. In all three cases, three months later both the S&amp;P 500 and Russell 2000 were at least 10% lower.</p>\n<p>Martin reports that the only area of the market not showing dangerous divergences right now is the large-cap dominated S&amp;P 500. Except for that sector, he says that the “stock market’s current internals are some of the worst I’ve seen in decades.”</p>\n<p>Martin added that these severe divergences are occurring as equities are severely overvalued — with some stocks in bubble territory. This means that, when the market does decline, it’s likely to fall more than it would otherwise.</p>\n<p>Adding fuel to the fire, he continued, is the too-bullish investor sentiment that prevails right now. As contrarians remind us, such sentiment extremes mean that the path of least resistance for the market is down.</p>\n<p>To be sure, Martin concluded, stocks have been overvalued for some time now, and bullish sentiment has been at or close to extremes. The missing piece was market divergences. That piece is now in place.</p>","source":"lsy1603348471595","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>Expect a 10% or worse correction in U.S. stocks by mid-August, says this forecaster with a proven track record</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\">\nExpect a 10% or worse correction in U.S. stocks by mid-August, says this forecaster with a proven track record\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 06:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/expect-a-10-correction-in-u-s-stocks-by-mid-august-says-this-forecaster-with-a-proven-track-record-11626380633?siteid=yhoof2><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market breadth hasn’t been this poor since October 2018 and the start of a 20%-plus decline.\n\nGet ready for the most severe correction since the bull market began in March 2020.\nTo be sure, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/expect-a-10-correction-in-u-s-stocks-by-mid-august-says-this-forecaster-with-a-proven-track-record-11626380633?siteid=yhoof2\">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",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/expect-a-10-correction-in-u-s-stocks-by-mid-august-says-this-forecaster-with-a-proven-track-record-11626380633?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165176874","content_text":"Market breadth hasn’t been this poor since October 2018 and the start of a 20%-plus decline.\n\nGet ready for the most severe correction since the bull market began in March 2020.\nTo be sure, predictions are a dime a dozen on Wall Street. But this one comes from Hayes Martin, president of investment advisory firmMarket Extremes. I was introduced to Martin’s work several years ago and since then I’ve found his predictions of market turning points to be impressive. (For the record: Martin does not have an investment newsletter; my newsletter-tracking firm does not audit his investment performance.)\nI devoted two columns to Martin’s forecasts over the past year, and both proved prescient. In May 2020, I concluded that “the stock market… is stronger than even the most bullish investors believe.” In January of this year, I wrote that the market was still “firing on all cylinders.”\nIn an interview on July 14, Martin said the U.S. stock market today is most definitely not firing on all cylinders. In fact, he said, the market’s internal health is now worse than at any time since October 2018. That was the beginning of a 20% decline in the S&P 500SPX,-0.33%and a 26% decline in the small-cap Russell 2000 IndexRUT,-0.55%.(Martin anticipated that decline as well; seemy Oct. 4, 2018, column.)\nMartin hastened to add that the market’s internal health is not as bad today as it was in 2018. This time around, he is forecasting a decline of 10% or more for the leading U.S. stock indexes. As for timing, he says that the decline could begin at any time, but he anticipates that it will begin no later than mid-August.\nThe source of the market’s ill-health\nMartin bases his sobering forecast on the increasing divergences within the U.S. market, as indicated by fewer and fewer stocks participating in the headline-grabbing strength of the leading indices. One indicator of these divergences is the growing number of stocks hitting new lows, for example. On Wednesday of this week, for example, even as the Nasdaq 100NDX,-0.71%and the S&P 100OEX,-0.37%indexes were hitting new highs, many sectors were registering a plurality of new lows.\nThis was particularly evident in the small- and mid-cap sectors, as represented by the Russell 2000 index. On July 13 there were more new lows than new highs within that index for the second consecutive day. In Martin’s data for the Russell 2000’s new highs and new lows, which extends back to June 2000, what happened this week has happened only three other times — in September 2014, July 2015 and October 2018. In all three cases, three months later both the S&P 500 and Russell 2000 were at least 10% lower.\nMartin reports that the only area of the market not showing dangerous divergences right now is the large-cap dominated S&P 500. Except for that sector, he says that the “stock market’s current internals are some of the worst I’ve seen in decades.”\nMartin added that these severe divergences are occurring as equities are severely overvalued — with some stocks in bubble territory. This means that, when the market does decline, it’s likely to fall more than it would otherwise.\nAdding fuel to the fire, he continued, is the too-bullish investor sentiment that prevails right now. As contrarians remind us, such sentiment extremes mean that the path of least resistance for the market is down.\nTo be sure, Martin concluded, stocks have been overvalued for some time now, and bullish sentiment has been at or close to extremes. The missing piece was market divergences. That piece is now in place.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145842418,"gmtCreate":1626219206734,"gmtModify":1703755607852,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145842418","repostId":"2151983495","repostType":2,"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9063854054,"gmtCreate":1651454722657,"gmtModify":1676534908549,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Time to fish","listText":"Time to fish","text":"Time to fish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063854054","repostId":"1145901740","repostType":4,"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021969679,"gmtCreate":1653000947291,"gmtModify":1676535202958,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Bad","listText":"Bad","text":"Bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021969679","repostId":"1184644801","repostType":4,"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062333855,"gmtCreate":1652000178777,"gmtModify":1676535011894,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062333855","repostId":"1131831539","repostType":4,"repost":{"id":"1131831539","pubTimestamp":1651980653,"share":"https://ttm.financial/m/news/1131831539?lang=&edition=fundamental","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":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806731760,"gmtCreate":1627693180350,"gmtModify":1703494731291,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806731760","repostId":"1125426477","repostType":2,"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145842418,"gmtCreate":1626219206734,"gmtModify":1703755607852,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145842418","repostId":"2151983495","repostType":2,"repost":{"id":"2151983495","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626230224,"share":"https://ttm.financial/m/news/2151983495?lang=&edition=fundamental","pubTime":"2021-07-14 10:37","market":"hk","language":"en","title":"PayPal's Epic Success Continues With Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=2151983495","media":"Benzinga","summary":"When we say long-term investments, we think of transactions with lower risk in the long run and earnings higher than savings or rent, but with no extraordinary profits. Still, we keep hoping to run into some stock that will make us spectacular returns.","content":"<p>When we say long-term investments, we think of transactions with lower risk in the long run and earnings higher than savings or rent, but with no extraordinary profits. Still, we keep hoping to run into some stock that will make us spectacular returns. Sometimes, this happens with already established highest quality companies, like <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings, Inc</b>.&nbsp;(NASDAQ:PYPL) whose share price has increased incredible 569% over the last five years.</p>\n<p>To additionally spice this ride, the stock started this year at around USD $232, and the current trading price is USD $289, which represents a gain of almost 25%. Over the past decade, there have been several great opportunities with high gains like this. Some of the examples are <b>Netflix </b>(NASDAQ:NFLX), <b>Amazon </b>(NASDAQ:AMZN), <b>Apple </b>(NASDAQ:AAPL), along with many more.</p>\n<p><b>Is This Gain A&nbsp;True Increase In Value Of The Company?</b></p>\n<p>It is common knowledge that the share price does not necessarily reflect the value of the company. Warren Buffett explained this in his essay \"The Superinvestors of Graham-and-Doddsville\". PayPal, the largest platform for money transfer services, is a good example. The company's annual average increase in the share price was 46%, while the achieved average growth of the company's earnings per share was 29%. Therefore, we must conclude that the investors valued the company higher than the achieved results.</p>\n<p><b>Last Quarter's Earnings</b></p>\n<p>In Q1 2021, PayPal exceeded the expected revenues of $5.90 billion and achieved $ 6.03 billion. Also, the expected total payment volume of $265 billion was beaten by 7.5%. That reflected the company's adjusted earnings, so the expected $1.01 per share was topped with $1.22. The new earnings report is expected by the end of July, with the expected earnings per share of $0.83.</p>\n<p><b>PayPal's Entry Into The Cryptocurrency Arena</b></p>\n<p>As other big names in the financial world, like <b><a href=\"https://laohu8.com/S/V\">Visa</a> </b>(NYSE:V) and <b>Mastercard Incorporated</b> (NYSE:MA), initiated their participation in the crypto world, at least through \"crypto reward\" program credit cards, PayPal could not afford to stay behind. It was the right choice as PayPal's value more than doubled in 2020, and its stock gained 23% during the first half of the year.</p>\n<p>Through its peer-to-peer service Venmo, which is used by more than 70 million users, PayPal offered its customers to operate their cryptocurrencies through its digital wallets, and that pleased both the consumers and millions of merchants. Venmo is on track to bring $900 million to this year's revenue table. Although that's less than 4% of PayPal's business, the ability to pay using cryptocurrency should act as a huge catalyst for growth in 2022. The company's CEO recognized cryptocurrencies as the key growth instruments. PayPal's main competition in this area is <b><a href=\"https://laohu8.com/S/SQ\">Square, Inc</a>.</b> (NYSE:SQ) and its Cash App, which also evolved into a true financial app that supports transactions in bitcoin, without any fees. The digital payment processor sees a major opportunity ahead regarding the adoption of an app that posted $51 billion in payments last quarter, marking a YoY increase of 63%.</p>\n<h4>New Features Done Right</h4>\n<p>PayPal has been investing heavily in technology, more precisely $2.6 billion in 2020 alone, to develop new features for its growing base of active users. It plans&nbsp;to roll out our next-generation digital wallet in Q3, an&nbsp;\"all-in-<a href=\"https://laohu8.com/S/AONE\">one</a> personalized app\" that will offer customized and unique shopping features, financial services, and new payment experiences.</p>\n<p>What's most impressive about PayPal's recent business performance is the improvement in its operating margin. What is truly remarkable is that PayPal managed to roll out so many new features, with more on the way, without compromising its profitability. Moreover, it has been posting healthy increases its margins and profit. This is the definition of ‘a job well done' so no wonder that investors are pleased.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal's Epic Success Continues With Crypto</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\">\nPayPal's Epic Success Continues With Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-14 10:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>When we say long-term investments, we think of transactions with lower risk in the long run and earnings higher than savings or rent, but with no extraordinary profits. Still, we keep hoping to run into some stock that will make us spectacular returns. Sometimes, this happens with already established highest quality companies, like <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings, Inc</b>.&nbsp;(NASDAQ:PYPL) whose share price has increased incredible 569% over the last five years.</p>\n<p>To additionally spice this ride, the stock started this year at around USD $232, and the current trading price is USD $289, which represents a gain of almost 25%. Over the past decade, there have been several great opportunities with high gains like this. Some of the examples are <b>Netflix </b>(NASDAQ:NFLX), <b>Amazon </b>(NASDAQ:AMZN), <b>Apple </b>(NASDAQ:AAPL), along with many more.</p>\n<p><b>Is This Gain A&nbsp;True Increase In Value Of The Company?</b></p>\n<p>It is common knowledge that the share price does not necessarily reflect the value of the company. Warren Buffett explained this in his essay \"The Superinvestors of Graham-and-Doddsville\". PayPal, the largest platform for money transfer services, is a good example. The company's annual average increase in the share price was 46%, while the achieved average growth of the company's earnings per share was 29%. Therefore, we must conclude that the investors valued the company higher than the achieved results.</p>\n<p><b>Last Quarter's Earnings</b></p>\n<p>In Q1 2021, PayPal exceeded the expected revenues of $5.90 billion and achieved $ 6.03 billion. Also, the expected total payment volume of $265 billion was beaten by 7.5%. That reflected the company's adjusted earnings, so the expected $1.01 per share was topped with $1.22. The new earnings report is expected by the end of July, with the expected earnings per share of $0.83.</p>\n<p><b>PayPal's Entry Into The Cryptocurrency Arena</b></p>\n<p>As other big names in the financial world, like <b><a href=\"https://laohu8.com/S/V\">Visa</a> </b>(NYSE:V) and <b>Mastercard Incorporated</b> (NYSE:MA), initiated their participation in the crypto world, at least through \"crypto reward\" program credit cards, PayPal could not afford to stay behind. It was the right choice as PayPal's value more than doubled in 2020, and its stock gained 23% during the first half of the year.</p>\n<p>Through its peer-to-peer service Venmo, which is used by more than 70 million users, PayPal offered its customers to operate their cryptocurrencies through its digital wallets, and that pleased both the consumers and millions of merchants. Venmo is on track to bring $900 million to this year's revenue table. Although that's less than 4% of PayPal's business, the ability to pay using cryptocurrency should act as a huge catalyst for growth in 2022. The company's CEO recognized cryptocurrencies as the key growth instruments. PayPal's main competition in this area is <b><a href=\"https://laohu8.com/S/SQ\">Square, Inc</a>.</b> (NYSE:SQ) and its Cash App, which also evolved into a true financial app that supports transactions in bitcoin, without any fees. The digital payment processor sees a major opportunity ahead regarding the adoption of an app that posted $51 billion in payments last quarter, marking a YoY increase of 63%.</p>\n<h4>New Features Done Right</h4>\n<p>PayPal has been investing heavily in technology, more precisely $2.6 billion in 2020 alone, to develop new features for its growing base of active users. It plans&nbsp;to roll out our next-generation digital wallet in Q3, an&nbsp;\"all-in-<a href=\"https://laohu8.com/S/AONE\">one</a> personalized app\" that will offer customized and unique shopping features, financial services, and new payment experiences.</p>\n<p>What's most impressive about PayPal's recent business performance is the improvement in its operating margin. What is truly remarkable is that PayPal managed to roll out so many new features, with more on the way, without compromising its profitability. Moreover, it has been posting healthy increases its margins and profit. This is the definition of ‘a job well done' so no wonder that investors are pleased.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","V":"Visa","QNETCN":"纳斯达克中美互联网老虎指数","AAPL":"苹果","MA":"万事达","AMZN":"亚马逊","09086":"华夏纳指-U","PYPL":"PayPal","03086":"华夏纳指","NFLX":"奈飞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151983495","content_text":"When we say long-term investments, we think of transactions with lower risk in the long run and earnings higher than savings or rent, but with no extraordinary profits. Still, we keep hoping to run into some stock that will make us spectacular returns. Sometimes, this happens with already established highest quality companies, like PayPal Holdings, Inc. (NASDAQ:PYPL) whose share price has increased incredible 569% over the last five years.\nTo additionally spice this ride, the stock started this year at around USD $232, and the current trading price is USD $289, which represents a gain of almost 25%. Over the past decade, there have been several great opportunities with high gains like this. Some of the examples are Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), along with many more.\nIs This Gain A True Increase In Value Of The Company?\nIt is common knowledge that the share price does not necessarily reflect the value of the company. Warren Buffett explained this in his essay \"The Superinvestors of Graham-and-Doddsville\". PayPal, the largest platform for money transfer services, is a good example. The company's annual average increase in the share price was 46%, while the achieved average growth of the company's earnings per share was 29%. Therefore, we must conclude that the investors valued the company higher than the achieved results.\nLast Quarter's Earnings\nIn Q1 2021, PayPal exceeded the expected revenues of $5.90 billion and achieved $ 6.03 billion. Also, the expected total payment volume of $265 billion was beaten by 7.5%. That reflected the company's adjusted earnings, so the expected $1.01 per share was topped with $1.22. The new earnings report is expected by the end of July, with the expected earnings per share of $0.83.\nPayPal's Entry Into The Cryptocurrency Arena\nAs other big names in the financial world, like Visa (NYSE:V) and Mastercard Incorporated (NYSE:MA), initiated their participation in the crypto world, at least through \"crypto reward\" program credit cards, PayPal could not afford to stay behind. It was the right choice as PayPal's value more than doubled in 2020, and its stock gained 23% during the first half of the year.\nThrough its peer-to-peer service Venmo, which is used by more than 70 million users, PayPal offered its customers to operate their cryptocurrencies through its digital wallets, and that pleased both the consumers and millions of merchants. Venmo is on track to bring $900 million to this year's revenue table. Although that's less than 4% of PayPal's business, the ability to pay using cryptocurrency should act as a huge catalyst for growth in 2022. The company's CEO recognized cryptocurrencies as the key growth instruments. PayPal's main competition in this area is Square, Inc. (NYSE:SQ) and its Cash App, which also evolved into a true financial app that supports transactions in bitcoin, without any fees. The digital payment processor sees a major opportunity ahead regarding the adoption of an app that posted $51 billion in payments last quarter, marking a YoY increase of 63%.\nNew Features Done Right\nPayPal has been investing heavily in technology, more precisely $2.6 billion in 2020 alone, to develop new features for its growing base of active users. It plans to roll out our next-generation digital wallet in Q3, an \"all-in-one personalized app\" that will offer customized and unique shopping features, financial services, and new payment experiences.\nWhat's most impressive about PayPal's recent business performance is the improvement in its operating margin. What is truly remarkable is that PayPal managed to roll out so many new features, with more on the way, without compromising its profitability. Moreover, it has been posting healthy increases its margins and profit. This is the definition of ‘a job well done' so no wonder that investors are pleased.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089788645,"gmtCreate":1650034183856,"gmtModify":1676534633315,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089788645","repostId":"2213294437","repostType":2,"isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062333379,"gmtCreate":1652000125991,"gmtModify":1676535011885,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"&nbsp;Good&nbsp;","listText":"&nbsp;Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062333379","repostId":"2226572553","repostType":2,"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807691879,"gmtCreate":1628033569291,"gmtModify":1703499820353,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807691879","repostId":"2156312793","repostType":2,"repost":{"id":"2156312793","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":1628031785,"share":"https://ttm.financial/m/news/2156312793?lang=&edition=fundamental","pubTime":"2021-08-04 07:03","market":"us","language":"en","title":"S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries","url":"https://stock-news.laohu8.com/highlight/detail?id=2156312793","media":"Reuters","summary":"Translate Bio surges on sale to $Sanofi$ in $3.2-bln deal. Focus on services sector data, jobs report this week. NEW YORK, Aug 3  - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.“Even though the pandemic is still w","content":"<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta 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\">\nS&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta 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\">2021-08-04 07:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DISCA":"探索传播","UAA":"安德玛公司A类股",".DJI":"道琼斯","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","RL":"拉夫劳伦","TTWO":"Take-Two Interactive Software","NFLX":"奈飞","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","AAPL":"苹果","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","TBIO":"TELESIS BIO","IVV":"标普500指数ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156312793","content_text":"Dupont, Discovery slide despite strong earnings\n\n\nTranslate Bio surges on sale to Sanofi in $3.2-bln deal\n\n\nFocus on services sector data, jobs report this week\n\n\nIndexes up: Dow 0.8%, S&P 0.82%, Nasdaq 0.55%\n\nNEW YORK, Aug 3 (Reuters) - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.\nTen of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.\n“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.\nApple rose 1.26% after sliding last week. Other heavyweight technology stocks, including Netflix, Tesla Motors and Facebook Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.\nA clutch of U.S. companies, including industrial materials maker Dupont Fabros Technology and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.\nA deepening regulatory scrutiny in China has sent jitters through the global technology sector.\nShares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group TENCENT, driven by fears the sector could be next in regulators' crosshairs.\n\"Grand Theft Auto\" creator Take-Two Interactive Software Inc plunged 7.71% after it issued a disappointing sales forecast.\nThe Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the S&P 500 gained 35.99 points, or 0.82%, to 4,423.15 and the NASDAQ added 80.23 points, or 0.55%, to 14,761.30.\nThe S&P 500's previous record closing high was 4,422.30.\nData on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.\nLater in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.\nIn M&A-driven moves, Translate Bio Inc. surged 29.23% after France's Sanofi agreed to buy the U.S. biotech company in a $3.2 billion deal.\nUnder Armour Inc and Ralph Lauren Corp jumped 6.19% and 6.13% respectively after raising their annual revenue forecasts.\nOverall, earnings at S&P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.\n“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.\nVolume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.\nThe S&P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807607792,"gmtCreate":1628033406716,"gmtModify":1703499815816,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807607792","repostId":"2156312793","repostType":2,"repost":{"id":"2156312793","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":1628031785,"share":"https://ttm.financial/m/news/2156312793?lang=&edition=fundamental","pubTime":"2021-08-04 07:03","market":"us","language":"en","title":"S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries","url":"https://stock-news.laohu8.com/highlight/detail?id=2156312793","media":"Reuters","summary":"Translate Bio surges on sale to $Sanofi$ in $3.2-bln deal. Focus on services sector data, jobs report this week. NEW YORK, Aug 3  - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.“Even though the pandemic is still w","content":"<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta 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\">\nS&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta 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\">2021-08-04 07:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DISCA":"探索传播","UAA":"安德玛公司A类股",".DJI":"道琼斯","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","RL":"拉夫劳伦","TTWO":"Take-Two Interactive Software","NFLX":"奈飞","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","AAPL":"苹果","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","TBIO":"TELESIS BIO","IVV":"标普500指数ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156312793","content_text":"Dupont, Discovery slide despite strong earnings\n\n\nTranslate Bio surges on sale to Sanofi in $3.2-bln deal\n\n\nFocus on services sector data, jobs report this week\n\n\nIndexes up: Dow 0.8%, S&P 0.82%, Nasdaq 0.55%\n\nNEW YORK, Aug 3 (Reuters) - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.\nTen of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.\n“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.\nApple rose 1.26% after sliding last week. Other heavyweight technology stocks, including Netflix, Tesla Motors and Facebook Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.\nA clutch of U.S. companies, including industrial materials maker Dupont Fabros Technology and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.\nA deepening regulatory scrutiny in China has sent jitters through the global technology sector.\nShares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group TENCENT, driven by fears the sector could be next in regulators' crosshairs.\n\"Grand Theft Auto\" creator Take-Two Interactive Software Inc plunged 7.71% after it issued a disappointing sales forecast.\nThe Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the S&P 500 gained 35.99 points, or 0.82%, to 4,423.15 and the NASDAQ added 80.23 points, or 0.55%, to 14,761.30.\nThe S&P 500's previous record closing high was 4,422.30.\nData on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.\nLater in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.\nIn M&A-driven moves, Translate Bio Inc. surged 29.23% after France's Sanofi agreed to buy the U.S. biotech company in a $3.2 billion deal.\nUnder Armour Inc and Ralph Lauren Corp jumped 6.19% and 6.13% respectively after raising their annual revenue forecasts.\nOverall, earnings at S&P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.\n“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.\nVolume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.\nThe S&P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807607981,"gmtCreate":1628033382043,"gmtModify":1703499814683,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807607981","repostId":"2156813147","repostType":2,"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807604853,"gmtCreate":1628033355972,"gmtModify":1703499813552,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Why?&nbsp;","listText":"Why?&nbsp;","text":"Why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807604853","repostId":"2156851124","repostType":2,"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803602065,"gmtCreate":1627434416257,"gmtModify":1703489835311,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803602065","repostId":"1148712151","repostType":2,"repost":{"id":"1148712151","pubTimestamp":1627423570,"share":"https://ttm.financial/m/news/1148712151?lang=&edition=fundamental","pubTime":"2021-07-28 06:06","market":"us","language":"en","title":"Apple warns supply constraints will impact iPhone and iPad, shares fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1148712151","media":"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","summary":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.Overall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.Apple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.Here are the key numbers compared to what Wal","content":"<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple warns supply constraints will impact iPhone and iPad, shares fall</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 warns supply constraints will impact iPhone and iPad, shares fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 06:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html><strong>https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">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.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1148712151","content_text":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.\nApple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.\nHere are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:\n\nEPS: $1.30 vs. $1.01 estimated\nRevenue: $81.41 billion vs. $73.30 billion estimated, up 36% year-over-year\niPhone revenue: $39.57 billion vs. $34.01 billion estimated, up 49.78% year-over-year\nServices revenue: $17.48 billion vs. $16.33 billion estimated, up 33% year-over-year\nOther Products revenue: $8.76 billion vs. $7.80 billion estimated, up 40% year-over-year\nMac revenue:$8.24 billion vs. $8.07 billion estimated, up 16% year-over-year\niPad revenue: $7.37 billion vs. $7.15 billion estimated, up 12% year-over-year\nGross margin: 43.3% vs. 41.9% estimated\n\nApple did not provide formal guidance for the sixth quarter in a row and has not since the beginning of the Covid-19 pandemic.\nHowever, Apple CFO Luca Maestri said that it expected double-digit year-over-year growth in the current quarter. Maestri said that Apple expected less than 36% growth in the September quarter because of foreign exchange rates, less growth in its services business, and supply constraints for iPhones and iPads.\nApple CEO Tim Cook said in a call with analysts that Apple is seeing supply constraints related to silicon that would affect the company’s iPhone and iPad sales in the September quarter.\nApple also had a strong quarter in its Greater China region, which includes Taiwan and Hong Kong in addition to the mainland. Apple reported $14.76 billion in sales in the region, up 58% from the same quarter last year, although it was an easy comparison given that China was in stages of lockdown during the quarter.\nAmericas sales were up nearly 33% year-over-year to $39.57 billion.\nWATCH NOWVIDEO00:46Apple up after earnings, revenue beat\nApple’s quarter ending in June is typically one of its slowest of the year, but the company has benefitted from work-at-home and remote schooling trends that have boosted sales of its premium computers.\nLast year’s June quarter was a company record for sales despite lockdowns around the world, so Apple is growing even compared to a strong basis from a year ago.\nCook mentioned that the success was not just because of people upgrading their old iPhones, but also Android customers buying their first iPhone.\n“We saw a very strong double digit increases in both upgraders and switchers during the quarter,” Cook said.\nApple’s quarter could have been even better if it had not grappled with supply shortages likely linked to the global chip shortage, which mostly affected its Mac and iPad sales.\n“The shortage primarily affected Mac and iPad,” Apple CEO Tim Cook told CNBC’s Josh Lipton. “We had predicted the shortages to total $3 to $4 billion. But we were actually able to mitigate some of that, and we came in at the lower than the low end part of that range.”\nHowever, Apple warned that silicon supply constraints could affect its September quarter iPhone and iPad sales, although the chips that are in short supply are the “legacy nodes” of older kinds of chips, instead of the processors that power Apple devices. Cook also said on a call with analysts that the company believes that freight costs are high.\nApple’s services business also shook off investor fears that its rate of growth could slow as more people go back to work and spend less on online services and apps. Services was up 33% year-over-year, an acceleration from last quarter’s 26.7% growth rate. Maestri said that Apple expected the company’s services growth rate to decrease in the September quarter.\nWhile Apple’s services business includes many products and Apple does not break down how it’s composed, Cook told CNBC that the company set records in music, video, cloud services, advertising and payments.\n“It’s clear that our long running investment in our services strategy is succeeding,” Cook told CNBC.\nApple now has 700 million paid subscribers, up 150 million year-over-year, Cook said. Apple’s subscriber figure includes customers subscribed to an app through Apple’s App Store billing.\nCook also said that Apple pushed back its return to its campus headquarters from September to at least October because of the Covid-19 situation.\n“I’ve been really pleased with what we’ve been able to accomplish in this fully remote mode,” Cook said.\nApple declared a dividend of $0.22 per share of stock. In a statement, Apple said that it spent $29 billion on shareholder return during the quarter. Apple CFO Luca Maestri told CNBC that the company has bought back almost $450 billion in stock in recent years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803163450,"gmtCreate":1627428430970,"gmtModify":1703489612773,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Still strong","listText":"Still strong","text":"Still strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803163450","repostId":"1148712151","repostType":2,"repost":{"id":"1148712151","pubTimestamp":1627423570,"share":"https://ttm.financial/m/news/1148712151?lang=&edition=fundamental","pubTime":"2021-07-28 06:06","market":"us","language":"en","title":"Apple warns supply constraints will impact iPhone and iPad, shares fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1148712151","media":"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","summary":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.Overall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.Apple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.Here are the key numbers compared to what Wal","content":"<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple warns supply constraints will impact iPhone and iPad, shares fall</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 warns supply constraints will impact iPhone and iPad, shares fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 06:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html><strong>https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">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.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1148712151","content_text":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.\nApple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.\nHere are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:\n\nEPS: $1.30 vs. $1.01 estimated\nRevenue: $81.41 billion vs. $73.30 billion estimated, up 36% year-over-year\niPhone revenue: $39.57 billion vs. $34.01 billion estimated, up 49.78% year-over-year\nServices revenue: $17.48 billion vs. $16.33 billion estimated, up 33% year-over-year\nOther Products revenue: $8.76 billion vs. $7.80 billion estimated, up 40% year-over-year\nMac revenue:$8.24 billion vs. $8.07 billion estimated, up 16% year-over-year\niPad revenue: $7.37 billion vs. $7.15 billion estimated, up 12% year-over-year\nGross margin: 43.3% vs. 41.9% estimated\n\nApple did not provide formal guidance for the sixth quarter in a row and has not since the beginning of the Covid-19 pandemic.\nHowever, Apple CFO Luca Maestri said that it expected double-digit year-over-year growth in the current quarter. Maestri said that Apple expected less than 36% growth in the September quarter because of foreign exchange rates, less growth in its services business, and supply constraints for iPhones and iPads.\nApple CEO Tim Cook said in a call with analysts that Apple is seeing supply constraints related to silicon that would affect the company’s iPhone and iPad sales in the September quarter.\nApple also had a strong quarter in its Greater China region, which includes Taiwan and Hong Kong in addition to the mainland. Apple reported $14.76 billion in sales in the region, up 58% from the same quarter last year, although it was an easy comparison given that China was in stages of lockdown during the quarter.\nAmericas sales were up nearly 33% year-over-year to $39.57 billion.\nWATCH NOWVIDEO00:46Apple up after earnings, revenue beat\nApple’s quarter ending in June is typically one of its slowest of the year, but the company has benefitted from work-at-home and remote schooling trends that have boosted sales of its premium computers.\nLast year’s June quarter was a company record for sales despite lockdowns around the world, so Apple is growing even compared to a strong basis from a year ago.\nCook mentioned that the success was not just because of people upgrading their old iPhones, but also Android customers buying their first iPhone.\n“We saw a very strong double digit increases in both upgraders and switchers during the quarter,” Cook said.\nApple’s quarter could have been even better if it had not grappled with supply shortages likely linked to the global chip shortage, which mostly affected its Mac and iPad sales.\n“The shortage primarily affected Mac and iPad,” Apple CEO Tim Cook told CNBC’s Josh Lipton. “We had predicted the shortages to total $3 to $4 billion. But we were actually able to mitigate some of that, and we came in at the lower than the low end part of that range.”\nHowever, Apple warned that silicon supply constraints could affect its September quarter iPhone and iPad sales, although the chips that are in short supply are the “legacy nodes” of older kinds of chips, instead of the processors that power Apple devices. Cook also said on a call with analysts that the company believes that freight costs are high.\nApple’s services business also shook off investor fears that its rate of growth could slow as more people go back to work and spend less on online services and apps. Services was up 33% year-over-year, an acceleration from last quarter’s 26.7% growth rate. Maestri said that Apple expected the company’s services growth rate to decrease in the September quarter.\nWhile Apple’s services business includes many products and Apple does not break down how it’s composed, Cook told CNBC that the company set records in music, video, cloud services, advertising and payments.\n“It’s clear that our long running investment in our services strategy is succeeding,” Cook told CNBC.\nApple now has 700 million paid subscribers, up 150 million year-over-year, Cook said. Apple’s subscriber figure includes customers subscribed to an app through Apple’s App Store billing.\nCook also said that Apple pushed back its return to its campus headquarters from September to at least October because of the Covid-19 situation.\n“I’ve been really pleased with what we’ve been able to accomplish in this fully remote mode,” Cook said.\nApple declared a dividend of $0.22 per share of stock. In a statement, Apple said that it spent $29 billion on shareholder return during the quarter. Apple CFO Luca Maestri told CNBC that the company has bought back almost $450 billion in stock in recent years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147783568,"gmtCreate":1626391586354,"gmtModify":1703759098650,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147783568","repostId":"2151527786","repostType":2,"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147714649,"gmtCreate":1626391428581,"gmtModify":1703759093312,"author":{"id":"4089168817479740","authorId":"4089168817479740","name":"WeiSeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089168817479740","authorIdStr":"4089168817479740"},"themes":[],"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147714649","repostId":"1165176874","repostType":2,"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}