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2023-05-20

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Negotiators Resume Debt-Ceiling Talks After Earlier Breakdown

2023-05-19

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2023-04-10

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2023-04-08

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U.S. Weekly Review: Market Rally Retreats On Recession Fears; Tesla Skids On Deliveries, Oil Soars On OPEC+ Cut

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for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970505021","repostId":"2336527869","repostType":4,"repost":{"id":"2336527869","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1684538163,"share":"https://ttm.financial/m/news/2336527869?lang=&edition=fundamental","pubTime":"2023-05-20 07:16","market":"fut","language":"en","title":"Negotiators Resume Debt-Ceiling Talks After Earlier Breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2336527869","media":"Dow Jones","summary":"Debt-ceiling negotiators broke off talks and then resumed them late Friday, as the White House and H","content":"<html><head></head><body><p>Debt-ceiling negotiators broke off talks and then resumed them late Friday, as the White House and House Republicans worked to quickly reach a deal to raise the limit and avert a government default as soon as next month.</p><p>Negotiators said the breakdown in talks centered around how deeply to cut the government budget, with House Speaker Kevin McCarthy (R., Calif.) saying Friday that spending levels were a major sticking point as Republicans pressed for deeper reductions than Democrats appeared poised to accept. Republicans have ruled out any tax increases as a way of reducing federal deficits.</p><p>&#34;We&#39;ve got to get movement by the White House and we don&#39;t have the movement yet so, yeah, we&#39;re in a pause,&#34; McCarthy told reporters. &#34;We can&#39;t be spending more money next year. We have to spend less than we spent the year before. It&#39;s pretty easy.&#34;</p><p>The White House said in a statement that &#34;there are real differences between the parties on budget issues, and talks will be difficult. The president&#39;s team is working hard towards a reasonable bipartisan solution that can pass the House and the Senate.&#34;</p><p>But talks resumed late Friday. A White House official said talks were back on and the negotiators were meeting on Capitol Hill on Friday evening.</p><p>The initial setback in talks tempered a weeklong selloff in U.S. Treasurys, with rebounding expectations for economic growth and inflation driving bond yields to new two-month highs. The yield on the benchmark 10-year U.S. Treasury note settled at 3.690% Friday -- its highest close since March 10, the day that Silicon Valley Bank was seized by the government following a run by depositors. Yields rise when bond prices fall.</p><p>The Dow Jones Industrial Average fell 109.28 points, or 0.3%, while the S&amp;P 500 and Nasdaq Composite finished slightly lower. All three major indexes finished the week in the green.</p><p>The break came one day after the White House and McCarthy had expressed optimism that a deal could be reached soon, after both sides narrowed negotiations between McCarthy and Biden to a handful of key aides and allies. McCarthy said he hadn&#39;t spoken Friday with President Biden, who is at the Group of Seven summit in Hiroshima, Japan.</p><p>Negotiators are facing a short deadline. The Treasury Department has said that the U.S. could become unable to pay its bills on time as soon as June 1 unless Congress acts. Negotiations have focused on capping spending, revoking unused Covid-19 aid, streamlining permitting for energy projects and changing work requirements for some benefit programs.</p><p>Rep. Patrick McHenry (R., N.C.), who was involved in the talks had earlier characterized the breakdown in talks as putting negotiations &#34;at a very bad moment.&#34;</p><p>White House adviser Steve Ricchetti, one of Biden&#39;s negotiators, had said as he left a meeting Friday that both sides were &#34;playing by ear&#34; when asked whether there would be more talks.</p><p>A bill passed by the GOP-controlled House in April that Republicans see as the starting point in negotiations proposed raising the nation&#39;s $31.4 trillion borrowing limit in exchange for deep cuts in government spending. The bill would return the government&#39;s discretionary spending to fiscal 2022 levels in fiscal 2024 and then cap annual spending growth at 1% over roughly a decade.</p><p>Notably, McCarthy in his Friday comments didn&#39;t specify returning discretionary spending to fiscal 2022 levels, which would represent about a $130 billion cut from 2023 outlays. Instead, he said that spending had to be less than the current level, which is $1.65 trillion, suggesting that the opportunity for a deal may lie in reaching agreement on a smaller cut.</p><p>In the negotiations, the White House has signaled its openness to a deal that caps future spending for two years, though the specifics of such a proposal are unclear. Some Republicans have pushed for a 10-year spending caps deal.</p><p>The White House has argued for weeks that rolling back spending to 2022 levels would require cuts as deep as 30% to many government programs if spending on the military and veterans are protected, as GOP lawmakers have promised.</p><p>People briefed on the negotiations said the two sides were struggling to make progress on the core issues that have been at the center of the talks for weeks, and both Republicans and White House officials expressed frustration that an agreement hadn&#39;t been reached.</p><p>Some of the people expressed optimism that the negotiators could come back to the table over the weekend, but both sides were evaluating next steps on Friday.</p><p>Both Republicans and Democrats have acknowledged that any deal to raise the debt ceiling will include some conditions, after the White House effectively gave up on its insistence that the debt-ceiling increase be &#34;clean.&#34; But the conservative and progressive wings of the Republican and Democratic caucuses have signaled opposition to parts of the emerging talks, putting pressure on leadership when it comes time to corral votes.</p><p>On Thursday, the House Freedom Caucus, a group of about three dozen, far-right lawmakers who frequently oppose government spending bills, took a position that negotiations should stop until the Senate passed the April debt-ceiling bill.</p><p>At the same time, progressive lawmakers on the far left of the Democratic Party are pushing Biden to use the 14th Amendment to the Constitution to raise the debt ceiling without Congress, as a way to avoid negotiating with Republicans. Progressives have loudly opposed strengthening work requirements for programs that help poor Americans.</p><p>&#34;We cannot reach a budget agreement that increases the suffering of millions of Americans,&#34; a group of 11 senators wrote, adding it is &#34;seemingly impossible to enact a bipartisan budget deal at this time.&#34;</p><p>The 14th Amendment states that federal debt authorized by law &#34;shall not be questioned.&#34; Biden has said he was considering invoking the amendment as a way to keep paying the nation&#39;s bills if Congress didn&#39;t raise the debt limit. But he added the issue would be subject to litigation and might not be a solution in the current standoff, and administration officials have played down the possibility.</p><p>The Congressional Black Caucus has also taken a position opposing new work requirements in any final debt-ceiling bill.</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>Negotiators Resume Debt-Ceiling Talks After Earlier Breakdown</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\">\nNegotiators Resume Debt-Ceiling Talks After Earlier Breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-05-20 07:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Debt-ceiling negotiators broke off talks and then resumed them late Friday, as the White House and House Republicans worked to quickly reach a deal to raise the limit and avert a government default as soon as next month.</p><p>Negotiators said the breakdown in talks centered around how deeply to cut the government budget, with House Speaker Kevin McCarthy (R., Calif.) saying Friday that spending levels were a major sticking point as Republicans pressed for deeper reductions than Democrats appeared poised to accept. Republicans have ruled out any tax increases as a way of reducing federal deficits.</p><p>&#34;We&#39;ve got to get movement by the White House and we don&#39;t have the movement yet so, yeah, we&#39;re in a pause,&#34; McCarthy told reporters. &#34;We can&#39;t be spending more money next year. We have to spend less than we spent the year before. It&#39;s pretty easy.&#34;</p><p>The White House said in a statement that &#34;there are real differences between the parties on budget issues, and talks will be difficult. The president&#39;s team is working hard towards a reasonable bipartisan solution that can pass the House and the Senate.&#34;</p><p>But talks resumed late Friday. A White House official said talks were back on and the negotiators were meeting on Capitol Hill on Friday evening.</p><p>The initial setback in talks tempered a weeklong selloff in U.S. Treasurys, with rebounding expectations for economic growth and inflation driving bond yields to new two-month highs. The yield on the benchmark 10-year U.S. Treasury note settled at 3.690% Friday -- its highest close since March 10, the day that Silicon Valley Bank was seized by the government following a run by depositors. Yields rise when bond prices fall.</p><p>The Dow Jones Industrial Average fell 109.28 points, or 0.3%, while the S&amp;P 500 and Nasdaq Composite finished slightly lower. All three major indexes finished the week in the green.</p><p>The break came one day after the White House and McCarthy had expressed optimism that a deal could be reached soon, after both sides narrowed negotiations between McCarthy and Biden to a handful of key aides and allies. McCarthy said he hadn&#39;t spoken Friday with President Biden, who is at the Group of Seven summit in Hiroshima, Japan.</p><p>Negotiators are facing a short deadline. The Treasury Department has said that the U.S. could become unable to pay its bills on time as soon as June 1 unless Congress acts. Negotiations have focused on capping spending, revoking unused Covid-19 aid, streamlining permitting for energy projects and changing work requirements for some benefit programs.</p><p>Rep. Patrick McHenry (R., N.C.), who was involved in the talks had earlier characterized the breakdown in talks as putting negotiations &#34;at a very bad moment.&#34;</p><p>White House adviser Steve Ricchetti, one of Biden&#39;s negotiators, had said as he left a meeting Friday that both sides were &#34;playing by ear&#34; when asked whether there would be more talks.</p><p>A bill passed by the GOP-controlled House in April that Republicans see as the starting point in negotiations proposed raising the nation&#39;s $31.4 trillion borrowing limit in exchange for deep cuts in government spending. The bill would return the government&#39;s discretionary spending to fiscal 2022 levels in fiscal 2024 and then cap annual spending growth at 1% over roughly a decade.</p><p>Notably, McCarthy in his Friday comments didn&#39;t specify returning discretionary spending to fiscal 2022 levels, which would represent about a $130 billion cut from 2023 outlays. Instead, he said that spending had to be less than the current level, which is $1.65 trillion, suggesting that the opportunity for a deal may lie in reaching agreement on a smaller cut.</p><p>In the negotiations, the White House has signaled its openness to a deal that caps future spending for two years, though the specifics of such a proposal are unclear. Some Republicans have pushed for a 10-year spending caps deal.</p><p>The White House has argued for weeks that rolling back spending to 2022 levels would require cuts as deep as 30% to many government programs if spending on the military and veterans are protected, as GOP lawmakers have promised.</p><p>People briefed on the negotiations said the two sides were struggling to make progress on the core issues that have been at the center of the talks for weeks, and both Republicans and White House officials expressed frustration that an agreement hadn&#39;t been reached.</p><p>Some of the people expressed optimism that the negotiators could come back to the table over the weekend, but both sides were evaluating next steps on Friday.</p><p>Both Republicans and Democrats have acknowledged that any deal to raise the debt ceiling will include some conditions, after the White House effectively gave up on its insistence that the debt-ceiling increase be &#34;clean.&#34; But the conservative and progressive wings of the Republican and Democratic caucuses have signaled opposition to parts of the emerging talks, putting pressure on leadership when it comes time to corral votes.</p><p>On Thursday, the House Freedom Caucus, a group of about three dozen, far-right lawmakers who frequently oppose government spending bills, took a position that negotiations should stop until the Senate passed the April debt-ceiling bill.</p><p>At the same time, progressive lawmakers on the far left of the Democratic Party are pushing Biden to use the 14th Amendment to the Constitution to raise the debt ceiling without Congress, as a way to avoid negotiating with Republicans. Progressives have loudly opposed strengthening work requirements for programs that help poor Americans.</p><p>&#34;We cannot reach a budget agreement that increases the suffering of millions of Americans,&#34; a group of 11 senators wrote, adding it is &#34;seemingly impossible to enact a bipartisan budget deal at this time.&#34;</p><p>The 14th Amendment states that federal debt authorized by law &#34;shall not be questioned.&#34; Biden has said he was considering invoking the amendment as a way to keep paying the nation&#39;s bills if Congress didn&#39;t raise the debt limit. But he added the issue would be subject to litigation and might not be a solution in the current standoff, and administration officials have played down the possibility.</p><p>The Congressional Black Caucus has also taken a position opposing new work requirements in any final debt-ceiling bill.</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":"2336527869","content_text":"Debt-ceiling negotiators broke off talks and then resumed them late Friday, as the White House and House Republicans worked to quickly reach a deal to raise the limit and avert a government default as soon as next month.Negotiators said the breakdown in talks centered around how deeply to cut the government budget, with House Speaker Kevin McCarthy (R., Calif.) saying Friday that spending levels were a major sticking point as Republicans pressed for deeper reductions than Democrats appeared poised to accept. Republicans have ruled out any tax increases as a way of reducing federal deficits.\"We've got to get movement by the White House and we don't have the movement yet so, yeah, we're in a pause,\" McCarthy told reporters. \"We can't be spending more money next year. We have to spend less than we spent the year before. It's pretty easy.\"The White House said in a statement that \"there are real differences between the parties on budget issues, and talks will be difficult. The president's team is working hard towards a reasonable bipartisan solution that can pass the House and the Senate.\"But talks resumed late Friday. A White House official said talks were back on and the negotiators were meeting on Capitol Hill on Friday evening.The initial setback in talks tempered a weeklong selloff in U.S. Treasurys, with rebounding expectations for economic growth and inflation driving bond yields to new two-month highs. The yield on the benchmark 10-year U.S. Treasury note settled at 3.690% Friday -- its highest close since March 10, the day that Silicon Valley Bank was seized by the government following a run by depositors. Yields rise when bond prices fall.The Dow Jones Industrial Average fell 109.28 points, or 0.3%, while the S&P 500 and Nasdaq Composite finished slightly lower. All three major indexes finished the week in the green.The break came one day after the White House and McCarthy had expressed optimism that a deal could be reached soon, after both sides narrowed negotiations between McCarthy and Biden to a handful of key aides and allies. McCarthy said he hadn't spoken Friday with President Biden, who is at the Group of Seven summit in Hiroshima, Japan.Negotiators are facing a short deadline. The Treasury Department has said that the U.S. could become unable to pay its bills on time as soon as June 1 unless Congress acts. Negotiations have focused on capping spending, revoking unused Covid-19 aid, streamlining permitting for energy projects and changing work requirements for some benefit programs.Rep. Patrick McHenry (R., N.C.), who was involved in the talks had earlier characterized the breakdown in talks as putting negotiations \"at a very bad moment.\"White House adviser Steve Ricchetti, one of Biden's negotiators, had said as he left a meeting Friday that both sides were \"playing by ear\" when asked whether there would be more talks.A bill passed by the GOP-controlled House in April that Republicans see as the starting point in negotiations proposed raising the nation's $31.4 trillion borrowing limit in exchange for deep cuts in government spending. The bill would return the government's discretionary spending to fiscal 2022 levels in fiscal 2024 and then cap annual spending growth at 1% over roughly a decade.Notably, McCarthy in his Friday comments didn't specify returning discretionary spending to fiscal 2022 levels, which would represent about a $130 billion cut from 2023 outlays. Instead, he said that spending had to be less than the current level, which is $1.65 trillion, suggesting that the opportunity for a deal may lie in reaching agreement on a smaller cut.In the negotiations, the White House has signaled its openness to a deal that caps future spending for two years, though the specifics of such a proposal are unclear. Some Republicans have pushed for a 10-year spending caps deal.The White House has argued for weeks that rolling back spending to 2022 levels would require cuts as deep as 30% to many government programs if spending on the military and veterans are protected, as GOP lawmakers have promised.People briefed on the negotiations said the two sides were struggling to make progress on the core issues that have been at the center of the talks for weeks, and both Republicans and White House officials expressed frustration that an agreement hadn't been reached.Some of the people expressed optimism that the negotiators could come back to the table over the weekend, but both sides were evaluating next steps on Friday.Both Republicans and Democrats have acknowledged that any deal to raise the debt ceiling will include some conditions, after the White House effectively gave up on its insistence that the debt-ceiling increase be \"clean.\" But the conservative and progressive wings of the Republican and Democratic caucuses have signaled opposition to parts of the emerging talks, putting pressure on leadership when it comes time to corral votes.On Thursday, the House Freedom Caucus, a group of about three dozen, far-right lawmakers who frequently oppose government spending bills, took a position that negotiations should stop until the Senate passed the April debt-ceiling bill.At the same time, progressive lawmakers on the far left of the Democratic Party are pushing Biden to use the 14th Amendment to the Constitution to raise the debt ceiling without Congress, as a way to avoid negotiating with Republicans. Progressives have loudly opposed strengthening work requirements for programs that help poor Americans.\"We cannot reach a budget agreement that increases the suffering of millions of Americans,\" a group of 11 senators wrote, adding it is \"seemingly impossible to enact a bipartisan budget deal at this time.\"The 14th Amendment states that federal debt authorized by law \"shall not be questioned.\" Biden has said he was considering invoking the amendment as a way to keep paying the nation's bills if Congress didn't raise the debt limit. But he added the issue would be subject to litigation and might not be a solution in the current standoff, and administration officials have played down the possibility.The Congressional Black Caucus has also taken a position opposing new work requirements in any final debt-ceiling bill.","news_type":1},"isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970286955,"gmtCreate":1684481913378,"gmtModify":1684481916958,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970286955","repostId":"2336598534","repostType":2,"repost":{"id":"2336598534","kind":"highlight","pubTimestamp":1684476074,"share":"https://ttm.financial/m/news/2336598534?lang=&edition=fundamental","pubTime":"2023-05-19 14:01","market":"us","language":"en","title":"Apple, Samsung Looking to Expand in India, Minister Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2336598534","media":"Bloomberg","summary":"Apple Inc. and Samsung Electronics Co. are among companies interested in increasing electronics prod","content":"<html><head></head><body><p>Apple Inc. and Samsung Electronics Co. are among companies interested in increasing electronics production in India, a minister said, a boon for the country’s push to challenge neighboring China as a manufacturing hub.</p><p>The South Asian nation is seeking to expand its early success in smartphones to other product categories, Rajeev Chandrasekhar, India’s minister of state for technology, told Bloomberg TV’s Rishaad Salamat and Haslinda Amin on Friday. The country is launching a $2 billion plan to boost local output of laptops, servers, tablets and other electronics.</p><p>“We’ve had considerable success and tailwinds in the smartphone segment and we have increased interest from the likes of Apple and Samsung in expanding and growing here,” Chandrasekhar said. “We want to essentially replay that and add to that.”</p><p>India’s financial incentives for smartphone manufacturing have resulted in Apple and Samsung exporting billions of dollars of handsets from the country. The new IT hardware production-linked incentive plan has been drawn up for companies such as Dell Technologies Inc., HP Inc. and Lenovo Group Ltd., Chandrasekhar said.</p><p>Prime Minister Narendra Modi’s government also wants to attract chip fabrication and chip packaging plants to India, he said. India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground, Bloomberg News reported this month.</p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple, Samsung Looking to Expand in India, Minister Says</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, Samsung Looking to Expand in India, Minister Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-19 14:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-samsung-looking-expand-india-050902033.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc. and Samsung Electronics Co. are among companies interested in increasing electronics production in India, a minister said, a boon for the country’s push to challenge neighboring China as a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-samsung-looking-expand-india-050902033.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SSNLF":"三星电子","AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/apple-samsung-looking-expand-india-050902033.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2336598534","content_text":"Apple Inc. and Samsung Electronics Co. are among companies interested in increasing electronics production in India, a minister said, a boon for the country’s push to challenge neighboring China as a manufacturing hub.The South Asian nation is seeking to expand its early success in smartphones to other product categories, Rajeev Chandrasekhar, India’s minister of state for technology, told Bloomberg TV’s Rishaad Salamat and Haslinda Amin on Friday. The country is launching a $2 billion plan to boost local output of laptops, servers, tablets and other electronics.“We’ve had considerable success and tailwinds in the smartphone segment and we have increased interest from the likes of Apple and Samsung in expanding and growing here,” Chandrasekhar said. “We want to essentially replay that and add to that.”India’s financial incentives for smartphone manufacturing have resulted in Apple and Samsung exporting billions of dollars of handsets from the country. The new IT hardware production-linked incentive plan has been drawn up for companies such as Dell Technologies Inc., HP Inc. and Lenovo Group Ltd., Chandrasekhar said.Prime Minister Narendra Modi’s government also wants to attract chip fabrication and chip packaging plants to India, he said. India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground, Bloomberg News reported this month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970669216,"gmtCreate":1684391449635,"gmtModify":1684391453440,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970669216","repostId":"1184414287","repostType":4,"repost":{"id":"1184414287","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1684371783,"share":"https://ttm.financial/m/news/1184414287?lang=&edition=fundamental","pubTime":"2023-05-18 09:03","market":"us","language":"en","title":"Nvidia Q1 Earnings Preview: AI Boom May Mask the Slowdown of Chip Industry","url":"https://stock-news.laohu8.com/highlight/detail?id=1184414287","media":"Tiger Newspress","summary":"Nvidia expects fiscal Q1 revenue of $6.5 billion, plus or minus 2%. Morgan Stanley estimated that it","content":"<html><head></head><body><blockquote>Nvidia expects fiscal Q1 revenue of $6.5 billion, plus or minus 2%. Morgan Stanley estimated that its annual AI inference revenue could potentially increase 10-fold to $5 billion in the next five years.</blockquote><p>Nvidia is scheduled to announce Q1 earnings results after the market closes on Wednesday, May 24th.</p><p><strong>Latest Results</strong></p><p>Nvidia reported Q4 net income of $1.41 billion, or 57 cents a share, compared with $3 billion, or $1.18 a share, in the year-ago period. Revenue fell to $6.05 billion from $7.64 billion in the year-ago quarter.</p><p><strong>Q1 Guidance</strong></p><p>The company said it expects fiscal Q1 revenue of $6.5 billion, plus or minus 2%.</p><p><strong>AI Inference Is Expected to Be a Major Growth Driver</strong></p><p>According to management estimates, Nvidia is on track to target a $1 trillion addressable market opportunity by 2023, of which software is likely to account for $300-$400 billion--almost symmetrically distributed on AI Enterprise, Omniverse and DRIVE.</p><p>In the short term, NVDA disclosed at its shareholder/analyst conference on March 23, 2023, that it is &#34;seeing stronger demand from hyperscale customers for all of data center platforms as they focus on generative AI&#34;.</p><p>For the long run, AI inference is expected to be a major growth driver for Nvidia Corporation. Morgan Stanley estimated that NVDA&#39;s annual AI inference revenue could potentially increase 10-fold to $5 billion in the next five years. Its forecasts are aligned with NVDA&#39;s comments at the recent March 23 shareholder/analyst conference on March 23 noting that generative AI will drive a &#34;step function increase in the amount of inference workloads.&#34;</p><p><strong>TSMC and AMD’s Results Showed a Mixed Picture for Nvidia</strong></p><p>According to TSMC’s result, it has trimmed its 2023 revenue outlook.It expects annual revenue to decline in the low to mid-single digits as compared to the prior expectation of a slight improvement over 2022 levels. Though it fired a warning signal,the company saw solid growth in demand for its 5-nanometer (nm) chips.</p><p>Nvidia may have played a key role in this terrific growth as the company has been witnessing solid demand for its Hopper H100 graphics processing units (GPUs) amid the generative artificial intelligence (AI) boom.</p><p>But AMD’s guidance may show the opposite side, it guided for $5.3 billion in revenue for Q2, a 19% year-over-year decline. Management pointed to weakness in its client, gaming, and data center segments as the reason for the anticipated drop.</p><p>Just because AMD sees some weakness in its business doesn&#39;t mean Nvidia will. But Nvidia has shown signs of slowing down for multiple quarters now, so it seems that massive guidance from the company would be a surprise.</p><p><strong>Analyst Opinions</strong></p><p>HSBC analyst Frank Lee upgraded NVDA stock to to “buy” from “reduce” and increased its price target on NVDA to $355 from $175.Li noted that the company&#39;s pricing power in AI chips is likely to boost earnings considerably higher, and raised his fiscal 2024 and 2025 sales and earnings per share estimates to $33.37B and $43.14B and $5.11 and $7.10, respectively. </p><p>BofA analyst Vivek Arya raised its price objective on Nvidia to $340 from $310 a share and offered a buy rating. The company sees a “crossover” this year leading to accelerator sales rising above $40 billion by 2025. This would mean at least a 37% compound annual growth rate from 2022 while x86 CPU sales grow at modest 3% CAGR, to $26 billion.</p><p>Piper Sandler analyst Harsh Kumar rates NVDA shares as Overweight and has a $320 price target. The company estimated that 80% of all AI workloads are currently run on NVDA chips. Kumar believes that the complete ChatGPT deployment stack on Azure relies on around 30,000 NVDA GPUs. </p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Q1 Earnings Preview: AI Boom May Mask the Slowdown of Chip Industry</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Q1 Earnings Preview: AI Boom May Mask the Slowdown of Chip Industry\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-05-18 09:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote>Nvidia expects fiscal Q1 revenue of $6.5 billion, plus or minus 2%. Morgan Stanley estimated that its annual AI inference revenue could potentially increase 10-fold to $5 billion in the next five years.</blockquote><p>Nvidia is scheduled to announce Q1 earnings results after the market closes on Wednesday, May 24th.</p><p><strong>Latest Results</strong></p><p>Nvidia reported Q4 net income of $1.41 billion, or 57 cents a share, compared with $3 billion, or $1.18 a share, in the year-ago period. Revenue fell to $6.05 billion from $7.64 billion in the year-ago quarter.</p><p><strong>Q1 Guidance</strong></p><p>The company said it expects fiscal Q1 revenue of $6.5 billion, plus or minus 2%.</p><p><strong>AI Inference Is Expected to Be a Major Growth Driver</strong></p><p>According to management estimates, Nvidia is on track to target a $1 trillion addressable market opportunity by 2023, of which software is likely to account for $300-$400 billion--almost symmetrically distributed on AI Enterprise, Omniverse and DRIVE.</p><p>In the short term, NVDA disclosed at its shareholder/analyst conference on March 23, 2023, that it is &#34;seeing stronger demand from hyperscale customers for all of data center platforms as they focus on generative AI&#34;.</p><p>For the long run, AI inference is expected to be a major growth driver for Nvidia Corporation. Morgan Stanley estimated that NVDA&#39;s annual AI inference revenue could potentially increase 10-fold to $5 billion in the next five years. Its forecasts are aligned with NVDA&#39;s comments at the recent March 23 shareholder/analyst conference on March 23 noting that generative AI will drive a &#34;step function increase in the amount of inference workloads.&#34;</p><p><strong>TSMC and AMD’s Results Showed a Mixed Picture for Nvidia</strong></p><p>According to TSMC’s result, it has trimmed its 2023 revenue outlook.It expects annual revenue to decline in the low to mid-single digits as compared to the prior expectation of a slight improvement over 2022 levels. Though it fired a warning signal,the company saw solid growth in demand for its 5-nanometer (nm) chips.</p><p>Nvidia may have played a key role in this terrific growth as the company has been witnessing solid demand for its Hopper H100 graphics processing units (GPUs) amid the generative artificial intelligence (AI) boom.</p><p>But AMD’s guidance may show the opposite side, it guided for $5.3 billion in revenue for Q2, a 19% year-over-year decline. Management pointed to weakness in its client, gaming, and data center segments as the reason for the anticipated drop.</p><p>Just because AMD sees some weakness in its business doesn&#39;t mean Nvidia will. But Nvidia has shown signs of slowing down for multiple quarters now, so it seems that massive guidance from the company would be a surprise.</p><p><strong>Analyst Opinions</strong></p><p>HSBC analyst Frank Lee upgraded NVDA stock to to “buy” from “reduce” and increased its price target on NVDA to $355 from $175.Li noted that the company&#39;s pricing power in AI chips is likely to boost earnings considerably higher, and raised his fiscal 2024 and 2025 sales and earnings per share estimates to $33.37B and $43.14B and $5.11 and $7.10, respectively. </p><p>BofA analyst Vivek Arya raised its price objective on Nvidia to $340 from $310 a share and offered a buy rating. The company sees a “crossover” this year leading to accelerator sales rising above $40 billion by 2025. This would mean at least a 37% compound annual growth rate from 2022 while x86 CPU sales grow at modest 3% CAGR, to $26 billion.</p><p>Piper Sandler analyst Harsh Kumar rates NVDA shares as Overweight and has a $320 price target. The company estimated that 80% of all AI workloads are currently run on NVDA chips. Kumar believes that the complete ChatGPT deployment stack on Azure relies on around 30,000 NVDA GPUs. </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184414287","content_text":"Nvidia expects fiscal Q1 revenue of $6.5 billion, plus or minus 2%. Morgan Stanley estimated that its annual AI inference revenue could potentially increase 10-fold to $5 billion in the next five years.Nvidia is scheduled to announce Q1 earnings results after the market closes on Wednesday, May 24th.Latest ResultsNvidia reported Q4 net income of $1.41 billion, or 57 cents a share, compared with $3 billion, or $1.18 a share, in the year-ago period. Revenue fell to $6.05 billion from $7.64 billion in the year-ago quarter.Q1 GuidanceThe company said it expects fiscal Q1 revenue of $6.5 billion, plus or minus 2%.AI Inference Is Expected to Be a Major Growth DriverAccording to management estimates, Nvidia is on track to target a $1 trillion addressable market opportunity by 2023, of which software is likely to account for $300-$400 billion--almost symmetrically distributed on AI Enterprise, Omniverse and DRIVE.In the short term, NVDA disclosed at its shareholder/analyst conference on March 23, 2023, that it is \"seeing stronger demand from hyperscale customers for all of data center platforms as they focus on generative AI\".For the long run, AI inference is expected to be a major growth driver for Nvidia Corporation. Morgan Stanley estimated that NVDA's annual AI inference revenue could potentially increase 10-fold to $5 billion in the next five years. Its forecasts are aligned with NVDA's comments at the recent March 23 shareholder/analyst conference on March 23 noting that generative AI will drive a \"step function increase in the amount of inference workloads.\"TSMC and AMD’s Results Showed a Mixed Picture for NvidiaAccording to TSMC’s result, it has trimmed its 2023 revenue outlook.It expects annual revenue to decline in the low to mid-single digits as compared to the prior expectation of a slight improvement over 2022 levels. Though it fired a warning signal,the company saw solid growth in demand for its 5-nanometer (nm) chips.Nvidia may have played a key role in this terrific growth as the company has been witnessing solid demand for its Hopper H100 graphics processing units (GPUs) amid the generative artificial intelligence (AI) boom.But AMD’s guidance may show the opposite side, it guided for $5.3 billion in revenue for Q2, a 19% year-over-year decline. Management pointed to weakness in its client, gaming, and data center segments as the reason for the anticipated drop.Just because AMD sees some weakness in its business doesn't mean Nvidia will. But Nvidia has shown signs of slowing down for multiple quarters now, so it seems that massive guidance from the company would be a surprise.Analyst OpinionsHSBC analyst Frank Lee upgraded NVDA stock to to “buy” from “reduce” and increased its price target on NVDA to $355 from $175.Li noted that the company's pricing power in AI chips is likely to boost earnings considerably higher, and raised his fiscal 2024 and 2025 sales and earnings per share estimates to $33.37B and $43.14B and $5.11 and $7.10, respectively. BofA analyst Vivek Arya raised its price objective on Nvidia to $340 from $310 a share and offered a buy rating. The company sees a “crossover” this year leading to accelerator sales rising above $40 billion by 2025. This would mean at least a 37% compound annual growth rate from 2022 while x86 CPU sales grow at modest 3% CAGR, to $26 billion.Piper Sandler analyst Harsh Kumar rates NVDA shares as Overweight and has a $320 price target. The company estimated that 80% of all AI workloads are currently run on NVDA chips. Kumar believes that the complete ChatGPT deployment stack on Azure relies on around 30,000 NVDA GPUs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970138147,"gmtCreate":1684136908489,"gmtModify":1684136912522,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970138147","repostId":"2335007380","repostType":2,"repost":{"id":"2335007380","kind":"highlight","pubTimestamp":1684133384,"share":"https://ttm.financial/m/news/2335007380?lang=&edition=fundamental","pubTime":"2023-05-15 14:49","market":"us","language":"en","title":"Apple: 1 Billion Paying Subscribers And Emerging Markets Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2335007380","media":"seekingalpha","summary":"Apple Inc. (NASDAQ: AAPL) reported Q2-23 results that beat expectations. Revenues totaled $94.9B, co","content":"<html><head></head><body><p>Apple Inc. (NASDAQ: AAPL) reported Q2-23 results that beat expectations. Revenues totaled $94.9B, compared to an expected $92.8B, and EPS came at $1.52, compared to the expected $1.43, as gross margins reached an all-time high of 44.3%. Specifically, it was iPhone sales that crushed expectations, coming in at $51.3B compared to the $48.9B expectations.</p><p>As Apple approaches the 1 billion paid subscribers threshold and its focus on emerging markets bears fruit, I reiterate a Buy rating and raise my price target to $192 per share.</p><h2>Background</h2><p>About a month ago, I published Apple: The Ecosystem And The Largest Subscription Company In The World and began my coverage of the company with a Buy rating. I urge you to read that article, in which I explained my investment thesis thoroughly, as well as described Apple&#39;s ecosystem strategy, operations, revenue streams, business model, and the company&#39;s major risks, main growth prospects, and long shots.</p><p>Moreover, I explained the importance of differentiating between relevant and irrelevant information when it comes to investing in Apple, as the company seems to never leave the headlines, thanks to its unparalleled popularity. Just as an example, at that time, Apple&#39;s stock was in a downtrend due to another misleading headline that was based on third-party data. Well, the stock is up 7% since, compared to the S&amp;P 500&#39;s 0%.</p><p>Now, let&#39;s begin by revisiting the investment thesis and assess how the drivers of Apple&#39;s ecosystem (active devices &amp; paid subscribers) fared in the last quarter. Then, we&#39;ll discuss the two major pillars for growth, and update our financial model and projections accordingly.</p><p>Spoiler alert: the ecosystem is stronger than ever, and a surprising growth prospect, which is emerging markets, is becoming more and more important.</p><h2>Revising The Investment Thesis - The Ecosystem Business Model</h2><p>In my previous article, I wrote the following about Apple&#39;s ecosystem business model:</p><blockquote>Apple&#39;s ecosystem business model is quite simple. Usually, a customer first engages with Apple through an iPhone. Then, as every other piece of hardware the company offers is seamlessly integrated with the iPhone, the customer will most likely elect an Apple product rather than a competitor&#39;s substitute offering, despite Apple&#39;s products being typically more expensive. The customer will elect to do so not only because of the individual quality of the product by itself but also due to the value of integration between all of the customer&#39;s Apple products. In addition to the hardware, the customer will most likely choose to use Apple&#39;s services, as they are the most convenient option and sometimes the only option when using Apple&#39;s hardware.</blockquote><h4>Approaching 1 Billion Subscribers, Another All-Time High In Active Devices</h4><p>Within Apple&#39;s ecosystem, I listed two major metrics to look at in order to assess the strength of the company&#39;s ecosystem. The first, Active Devices Installed Base, reached an all-time high in Q2, but we didn&#39;t get a number update from management (they typically provide a number in the first quarter of Apple&#39;s fiscal year).</p><blockquote>During the quarter, our installed base of active devices continued to grow at a nice pace thanks to extremely high levels of customer satisfaction and loyalty, and reached an all-time high for all major product categories and geographic segments. --- Luca Maestri, Senior Vice President &amp; CFO, Q2-23 Call</blockquote><p>The second metric, Paid Subscribers, gained an additional 40 million in the quarter, and ended at 975 million, reflecting 24.2% growth from the prior year period.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/186f7b3f9026d21c94c7c8de41e772e9\" tg-width=\"640\" tg-height=\"437\"/></p><p>Created by the author based on management remarks in Apple&#39;s earning calls 2016-2023</p><p>As we can see, Paid Subscriber growth is accelerating, defeating the law of large numbers. In Q1-23, we saw 19.1% growth, and in 2022 we saw 20.8% growth. What does that tell us? well, first of all, it&#39;s clear that Apple&#39;s services business isn&#39;t slowing down, despite what some market participants suggested prior to the Q2 announcement. Secondly, it appears that new launches like Apple Music Classical, Apple Pay Later, and Apple Card Savings, are very well accepted by customers.</p><blockquote>We achieved all time revenue records across App Store, Apple Music, iCloud and payment services. And now, with more than 975 million paid subscriptions, we&#39;re reaching even more people with our lineup of services. --- Tim Cook - Chief Executive Officer, Q2-23 Call</blockquote><p>Overall, it seems our investment thesis remains solid. Looking at the above two metrics alone, I think even the most stubborn bears will have to acknowledge Q2-23 was extremely impressive.</p><h2>No More Growth? I Beg To Differ</h2><p>One of the easiest claims against investing in Apple is that the company&#39;s growth is limited as its total addressable market (TAM) is already saturated. After two consecutive quarters of negative revenue growth, and with 2 billion active devices compared to the world&#39;s population of 8 billion, it&#39;s hard to refute such a claim. However, let&#39;s give it a try.</p><p>As we noted earlier, in the two negative growth quarters, constant currency was a major headwind, and without it, we would have seen 2.5% growth in each of the quarters. This is significantly higher than the overall consumer electronics market. Even if we take out Services revenues, Apple was still able to outgrow peers like HP (HPQ), Microsoft&#39;s devices (MSFT), and Samsung&#39;s SDC (OTCPK:SSNLF), which saw their comparable segments decline by 19%, 30%, and 17%, respectively.</p><p>That being said, we have to face the truth, some of Apple&#39;s markets are, in fact, saturated. For example, in the U.S., the company&#39;s share of the smartphone market is estimated at 57.0% and, 87% of U.S. teens already own an iPhone. As I wrote in my previous article, the life cycle of an iPhone is longer than a year for most consumers, and while we can rely on most of the customers to come back, bi-annual or longer upgrades aren&#39;t a significant enough driver for future growth. With the exception of an extremely unique iPhone edition that comes to market once in a few years and delivers growth acceleration even in saturated markets, we will have to look somewhere else for growth.</p><p>That somewhere else, in my view, is the combination of emerging markets and services.</p><h3>Emerging Markets Focus</h3><p>Most of us are familiar with Apple&#39;s intentions to diversify its supply and production chains to lower its exposure to China, with India being a leading candidate for that. Somewhat under the radar, is Apple&#39;s focus on diversifying its customer markets, and increasing its market share in what the company defines as emerging markets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8e828b29a31fe55472f9415d3d10db07\" tg-width=\"640\" tg-height=\"369\"/></p><p>Created and calculated by the author using data from Apple&#39;s financial reports</p><p>Back in 2012, approximately 60% of Apple&#39;s revenues came from Europe and the Americas. In the first half of FY23, we can see that only 55.4% of revenues were attributable to those geographies, as China and the Rest of Asia Pacific took 5.6 percentage points.</p><p>While China&#39;s share of revenues is below its peak, the Rest of APAC is now in a hyper-growth phase. Since 2018, the Rest of APAC cohort outperformed other geographies by a significant margin, which reached a tipping point during the last quarter, as the Rest of APAC grew by 15.3%, while Apple&#39;s total revenues decreased by 2.5%.</p><p>Fueled by the two retail locations that opened in India during the quarter, Apple saw record sales in India, as well as other developed and emerging markets in Indonesia, Turkey, Mexico, the Philippines, Saudi Arabia, Turkey, Brazil, Malaysia, and the UAE.</p><p>It&#39;s clear that Apple is shifting focus towards emerging markets, where its presence is still extremely low. Just a few days ago, the company announced its first online store in Vietnam.</p><p>Although it&#39;s still a small cohort compared to the overall business and with a relatively lower price level, I find the potential in emerging markets significant. First, there are a whole lot of potential new customers in India, with the country&#39;s economy projected to become the third-largest in the world by 2027. Secondly, we already know that Apple&#39;s business from its customers doesn&#39;t end with a single product purchase. On the contrary, it&#39;s after the first transaction that the customer gets into the ecosystem, and then, usually, he becomes a lifetime customer.</p><h3>Services</h3><p>So if the first growth driver is a little under the radar, Apple&#39;s services are probably on the opposite end of the scale. The company&#39;s services seem to be making a lot of headlines these days, specifically due to the launches of many financial offerings like Apple Savings during the regional banking crisis.</p><p>Looking at Apple&#39;s PE ratio, we can clearly see the company has been trading at much higher multiples since 2019:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a24456a4b49c697b19a15cf5bce8f59\" tg-width=\"635\" tg-height=\"417\"/></p><p>Data by YCharts</p><p>Some people would argue this is a testament to its overvaluation, but in my view, Apple&#39;s services becoming almost 20% of the company has a lot to do with the multiple expansion.</p><p>Under services, Apple includes advertising (app store and traffic acquisition costs), cloud, digital content (books, music, video, games, podcasts, tv, news, and fitness), AppleCare (technical support, and repair &amp; replacement services), and Apple&#39;s payment services (Apple Pay, Apple Card, Apple Pay Later). Those combine for approximately 20.0% of Apple&#39;s revenues, and a little over 32% of the company&#39;s gross profits.</p><p>Unlike the market saturation on the product front, it seems Apple&#39;s services are still in their early days. We saw growth acceleration in paid subscribers, with a 24.2% increase YoY, and services revenues grew by 5.5%, despite a 5.0% FX headwind.</p><p>Growth in services was even more impressive considering the slowdown in mobile gaming, which is mainly a result of pulled-forward demand during the pandemic. Additionally, Apple, like most advertisers, is experiencing headwinds due to the macroeconomic environment. Despite that, the company achieved a March quarter record in advertising.</p><h4>Apple Financial Services</h4><p>It has become obvious that Apple is one of the largest financial services companies in the world, with its Apple Pay, Apple Card Savings, and Apple Pay Later, among others.</p><p>Apple Pay is constantly expanding its offerings and has now become the preferred way to pay for many:</p><blockquote>And tap-to-pay continues to be a powerful driver of engagement. Globally, 74% of all face-to-face transactions outside the U.S. are now taps. In the U.S., we&#39;re at 34%, up 7x from three years ago and up more than 10 percentage points from last year. --- Ryan McInerney, <a href=\"https://laohu8.com/S/V\">Visa</a>&#39;s CEO, Visa Q2-23 Earnings Call.</blockquote><p>Moreover, Apple made waves in the banking system with its 4.15% APY savings account. The question that arises following these industry-leading APY is whether Apple uses its financial services as a way to strengthen the ecosystem, or is it a standalone business opportunity, and to that, Tim Cook answered the following:</p><blockquote>Q: You launched so many services around Apple Pay most recently, you mentioned Buy Now Pay Later high yield savings account. Where do you see the expansion and the payments ecosystem over time? And do you look at the payments ecosystem as a standalone revenue opportunity? Or is it more about making the devices even more inseparable from us? --- Wamsi Mohan, Bank of America A: What we&#39;re trying to do with our payments work is that sort of like we&#39;ve done on the watch, where we&#39;re focused on helping people live a healthier day on our financial products. We&#39;re helping people have a better financial health and so things like the Apple Card and the fact that it has no fees, like the savings account, which has, as you mentioned, it&#39;s very attractive yield. So we&#39;re trying to help our users, but <strong>these things have to stand on their own, obviously</strong>. But we&#39;re very user focused, and so we&#39;re listening to them at what things provide them pinch points and orchestrate our roadmaps around that. Buy Now Pay Later is another one that we&#39;ve just gotten out of the shoot. But on the savings account specifically, we are very pleased with the initial response on it. It&#39;s been incredible. --- Tim Cook - Chief Executive Officer, Q2-23 Call</blockquote><p>In my view, Tim Cook&#39;s answer shows not only the fact that Apple&#39;s financial services are profitable on their own, but it also represents Apple&#39;s overall vision and strategy. Each and every service and product provide added value to the other, but each and every service and product can stand on its own, just as well.</p><h4>Traffic Acquisition Costs - The Most Important &#34;Service&#34;</h4><p>Another important topic to discuss under services is traffic acquisition costs (TAC). For some reason, I saw that some market participants project TAC to decrease. Now, I&#39;m not sure whether that was aimed at making headlines, or that was an actual projection, but I have to say I have the utmost certainty TAC is only going to increase, specifically due to the reignition of the search wars between Alphabet&#39;s Google (GOOG) and Microsoft.</p><p>According to most estimates, Google pays Apple around $17.5B per year for the right to be the default search engine on Apple&#39;s devices. The most quoted analysis was made by Goldman Sachs, which estimated the number at $9.5B in 2018, a year that Google&#39;s total TAC amounted to $26.7B. So, 35.5% of Google&#39;s TAC, which amounted to $48.9B in 2022, means $17.4B that Apple received from the search giant for that year. With more than 1 billion active iPhones, this &#34;real estate&#34; is one of the most expensive properties in the world. As we&#39;re already hearing about Microsoft eyeing a Firefox search deal, it would be a shocker if Apple wouldn&#39;t exploit this situation to its advantage.</p><p>With so much going in its favor, and because FX, gaming, and ads are all temporary headwinds that should start to ease already in the second half of the fiscal year, I project Apple&#39;s service revenues will see growth accelerate in the very near term.</p><h2>Updated Valuation</h2><p>I used a discounted cash flow methodology to evaluate Apple&#39;s fair value. I forecast Apple will grow revenues at a 5.9% CAGR between 2023-2030, based on steady growth in the company&#39;s core operations, and accelerated growth in emerging markets and services. My projection is in line with the consensus but significantly below Apple&#39;s past 7-year CAGR of 10.6%.</p><p>I project EBITDA margins will increase incrementally up to 34.8% in 2030, as the services portion of total revenues continues to grow. I find this projection conservative, as the company achieved a 33.1% EBITDA margin in 2022, a year in which it had a 43.3% gross margin, which is 1.2% below management&#39;s guidance for 2023. Thus, I believe the company is already capable of a margin that is around 34.3%.</p><p>Overall, my assumptions result in EBITDA growth slightly above revenue growth, reflecting operational leverage and a better mix.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b149a6b1bac44d45c18f58241add7690\" tg-width=\"640\" tg-height=\"359\"/></p><p>Created and calculated by the author based on data from Apple&#39;s financial reports and the author&#39;s projections</p><p>Taking a WACC of 7.2%, I estimate Apple&#39;s fair value at $192 per share, which represents an 11.1% upside compared to the market price at the time of writing. This valuation reflects an arguably high forward P/E multiple of 24.9 based on my EPS projection for 2024. However, today&#39;s Apple isn&#39;t the old Apple. Its historical average P/E ratio reflects a product company, whereas the services side of the business is becoming increasingly important. Additionally, I expect 2024 will be a remarkable year for the company, as it will have easier comparisons and temporary headwinds should evaporate.</p><h2>Conclusion</h2><p>Apple&#39;s unstoppable ecosystem continued to gain strength in Q2-23, with over 2 billion active devices, above 1 billion active iPhones, and 975 million paid subscribers. Time and time again, Apple bears find their claims defeated by the world&#39;s largest company. As Apple constantly expands its offerings, the company is staying true to its strategy. Each and every product and service should add value to the other, and each and every product and service should be accretive to the company&#39;s profits. For these reasons, I reiterate a Buy rating and raise my price target to $192 per share.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: 1 Billion Paying Subscribers And Emerging Markets Focus</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: 1 Billion Paying Subscribers And Emerging Markets Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-15 14:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4604272-apple-stock-1-billion-paying-subscribers-and-emerging-markets-focus><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc. (NASDAQ: AAPL) reported Q2-23 results that beat expectations. Revenues totaled $94.9B, compared to an expected $92.8B, and EPS came at $1.52, compared to the expected $1.43, as gross ...</p>\n\n<a href=\"https://seekingalpha.com/article/4604272-apple-stock-1-billion-paying-subscribers-and-emerging-markets-focus\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4604272-apple-stock-1-billion-paying-subscribers-and-emerging-markets-focus","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2335007380","content_text":"Apple Inc. (NASDAQ: AAPL) reported Q2-23 results that beat expectations. Revenues totaled $94.9B, compared to an expected $92.8B, and EPS came at $1.52, compared to the expected $1.43, as gross margins reached an all-time high of 44.3%. Specifically, it was iPhone sales that crushed expectations, coming in at $51.3B compared to the $48.9B expectations.As Apple approaches the 1 billion paid subscribers threshold and its focus on emerging markets bears fruit, I reiterate a Buy rating and raise my price target to $192 per share.BackgroundAbout a month ago, I published Apple: The Ecosystem And The Largest Subscription Company In The World and began my coverage of the company with a Buy rating. I urge you to read that article, in which I explained my investment thesis thoroughly, as well as described Apple's ecosystem strategy, operations, revenue streams, business model, and the company's major risks, main growth prospects, and long shots.Moreover, I explained the importance of differentiating between relevant and irrelevant information when it comes to investing in Apple, as the company seems to never leave the headlines, thanks to its unparalleled popularity. Just as an example, at that time, Apple's stock was in a downtrend due to another misleading headline that was based on third-party data. Well, the stock is up 7% since, compared to the S&P 500's 0%.Now, let's begin by revisiting the investment thesis and assess how the drivers of Apple's ecosystem (active devices & paid subscribers) fared in the last quarter. Then, we'll discuss the two major pillars for growth, and update our financial model and projections accordingly.Spoiler alert: the ecosystem is stronger than ever, and a surprising growth prospect, which is emerging markets, is becoming more and more important.Revising The Investment Thesis - The Ecosystem Business ModelIn my previous article, I wrote the following about Apple's ecosystem business model:Apple's ecosystem business model is quite simple. Usually, a customer first engages with Apple through an iPhone. Then, as every other piece of hardware the company offers is seamlessly integrated with the iPhone, the customer will most likely elect an Apple product rather than a competitor's substitute offering, despite Apple's products being typically more expensive. The customer will elect to do so not only because of the individual quality of the product by itself but also due to the value of integration between all of the customer's Apple products. In addition to the hardware, the customer will most likely choose to use Apple's services, as they are the most convenient option and sometimes the only option when using Apple's hardware.Approaching 1 Billion Subscribers, Another All-Time High In Active DevicesWithin Apple's ecosystem, I listed two major metrics to look at in order to assess the strength of the company's ecosystem. The first, Active Devices Installed Base, reached an all-time high in Q2, but we didn't get a number update from management (they typically provide a number in the first quarter of Apple's fiscal year).During the quarter, our installed base of active devices continued to grow at a nice pace thanks to extremely high levels of customer satisfaction and loyalty, and reached an all-time high for all major product categories and geographic segments. --- Luca Maestri, Senior Vice President & CFO, Q2-23 CallThe second metric, Paid Subscribers, gained an additional 40 million in the quarter, and ended at 975 million, reflecting 24.2% growth from the prior year period.Created by the author based on management remarks in Apple's earning calls 2016-2023As we can see, Paid Subscriber growth is accelerating, defeating the law of large numbers. In Q1-23, we saw 19.1% growth, and in 2022 we saw 20.8% growth. What does that tell us? well, first of all, it's clear that Apple's services business isn't slowing down, despite what some market participants suggested prior to the Q2 announcement. Secondly, it appears that new launches like Apple Music Classical, Apple Pay Later, and Apple Card Savings, are very well accepted by customers.We achieved all time revenue records across App Store, Apple Music, iCloud and payment services. And now, with more than 975 million paid subscriptions, we're reaching even more people with our lineup of services. --- Tim Cook - Chief Executive Officer, Q2-23 CallOverall, it seems our investment thesis remains solid. Looking at the above two metrics alone, I think even the most stubborn bears will have to acknowledge Q2-23 was extremely impressive.No More Growth? I Beg To DifferOne of the easiest claims against investing in Apple is that the company's growth is limited as its total addressable market (TAM) is already saturated. After two consecutive quarters of negative revenue growth, and with 2 billion active devices compared to the world's population of 8 billion, it's hard to refute such a claim. However, let's give it a try.As we noted earlier, in the two negative growth quarters, constant currency was a major headwind, and without it, we would have seen 2.5% growth in each of the quarters. This is significantly higher than the overall consumer electronics market. Even if we take out Services revenues, Apple was still able to outgrow peers like HP (HPQ), Microsoft's devices (MSFT), and Samsung's SDC (OTCPK:SSNLF), which saw their comparable segments decline by 19%, 30%, and 17%, respectively.That being said, we have to face the truth, some of Apple's markets are, in fact, saturated. For example, in the U.S., the company's share of the smartphone market is estimated at 57.0% and, 87% of U.S. teens already own an iPhone. As I wrote in my previous article, the life cycle of an iPhone is longer than a year for most consumers, and while we can rely on most of the customers to come back, bi-annual or longer upgrades aren't a significant enough driver for future growth. With the exception of an extremely unique iPhone edition that comes to market once in a few years and delivers growth acceleration even in saturated markets, we will have to look somewhere else for growth.That somewhere else, in my view, is the combination of emerging markets and services.Emerging Markets FocusMost of us are familiar with Apple's intentions to diversify its supply and production chains to lower its exposure to China, with India being a leading candidate for that. Somewhat under the radar, is Apple's focus on diversifying its customer markets, and increasing its market share in what the company defines as emerging markets.Created and calculated by the author using data from Apple's financial reportsBack in 2012, approximately 60% of Apple's revenues came from Europe and the Americas. In the first half of FY23, we can see that only 55.4% of revenues were attributable to those geographies, as China and the Rest of Asia Pacific took 5.6 percentage points.While China's share of revenues is below its peak, the Rest of APAC is now in a hyper-growth phase. Since 2018, the Rest of APAC cohort outperformed other geographies by a significant margin, which reached a tipping point during the last quarter, as the Rest of APAC grew by 15.3%, while Apple's total revenues decreased by 2.5%.Fueled by the two retail locations that opened in India during the quarter, Apple saw record sales in India, as well as other developed and emerging markets in Indonesia, Turkey, Mexico, the Philippines, Saudi Arabia, Turkey, Brazil, Malaysia, and the UAE.It's clear that Apple is shifting focus towards emerging markets, where its presence is still extremely low. Just a few days ago, the company announced its first online store in Vietnam.Although it's still a small cohort compared to the overall business and with a relatively lower price level, I find the potential in emerging markets significant. First, there are a whole lot of potential new customers in India, with the country's economy projected to become the third-largest in the world by 2027. Secondly, we already know that Apple's business from its customers doesn't end with a single product purchase. On the contrary, it's after the first transaction that the customer gets into the ecosystem, and then, usually, he becomes a lifetime customer.ServicesSo if the first growth driver is a little under the radar, Apple's services are probably on the opposite end of the scale. The company's services seem to be making a lot of headlines these days, specifically due to the launches of many financial offerings like Apple Savings during the regional banking crisis.Looking at Apple's PE ratio, we can clearly see the company has been trading at much higher multiples since 2019:Data by YChartsSome people would argue this is a testament to its overvaluation, but in my view, Apple's services becoming almost 20% of the company has a lot to do with the multiple expansion.Under services, Apple includes advertising (app store and traffic acquisition costs), cloud, digital content (books, music, video, games, podcasts, tv, news, and fitness), AppleCare (technical support, and repair & replacement services), and Apple's payment services (Apple Pay, Apple Card, Apple Pay Later). Those combine for approximately 20.0% of Apple's revenues, and a little over 32% of the company's gross profits.Unlike the market saturation on the product front, it seems Apple's services are still in their early days. We saw growth acceleration in paid subscribers, with a 24.2% increase YoY, and services revenues grew by 5.5%, despite a 5.0% FX headwind.Growth in services was even more impressive considering the slowdown in mobile gaming, which is mainly a result of pulled-forward demand during the pandemic. Additionally, Apple, like most advertisers, is experiencing headwinds due to the macroeconomic environment. Despite that, the company achieved a March quarter record in advertising.Apple Financial ServicesIt has become obvious that Apple is one of the largest financial services companies in the world, with its Apple Pay, Apple Card Savings, and Apple Pay Later, among others.Apple Pay is constantly expanding its offerings and has now become the preferred way to pay for many:And tap-to-pay continues to be a powerful driver of engagement. Globally, 74% of all face-to-face transactions outside the U.S. are now taps. In the U.S., we're at 34%, up 7x from three years ago and up more than 10 percentage points from last year. --- Ryan McInerney, Visa's CEO, Visa Q2-23 Earnings Call.Moreover, Apple made waves in the banking system with its 4.15% APY savings account. The question that arises following these industry-leading APY is whether Apple uses its financial services as a way to strengthen the ecosystem, or is it a standalone business opportunity, and to that, Tim Cook answered the following:Q: You launched so many services around Apple Pay most recently, you mentioned Buy Now Pay Later high yield savings account. Where do you see the expansion and the payments ecosystem over time? And do you look at the payments ecosystem as a standalone revenue opportunity? Or is it more about making the devices even more inseparable from us? --- Wamsi Mohan, Bank of America A: What we're trying to do with our payments work is that sort of like we've done on the watch, where we're focused on helping people live a healthier day on our financial products. We're helping people have a better financial health and so things like the Apple Card and the fact that it has no fees, like the savings account, which has, as you mentioned, it's very attractive yield. So we're trying to help our users, but these things have to stand on their own, obviously. But we're very user focused, and so we're listening to them at what things provide them pinch points and orchestrate our roadmaps around that. Buy Now Pay Later is another one that we've just gotten out of the shoot. But on the savings account specifically, we are very pleased with the initial response on it. It's been incredible. --- Tim Cook - Chief Executive Officer, Q2-23 CallIn my view, Tim Cook's answer shows not only the fact that Apple's financial services are profitable on their own, but it also represents Apple's overall vision and strategy. Each and every service and product provide added value to the other, but each and every service and product can stand on its own, just as well.Traffic Acquisition Costs - The Most Important \"Service\"Another important topic to discuss under services is traffic acquisition costs (TAC). For some reason, I saw that some market participants project TAC to decrease. Now, I'm not sure whether that was aimed at making headlines, or that was an actual projection, but I have to say I have the utmost certainty TAC is only going to increase, specifically due to the reignition of the search wars between Alphabet's Google (GOOG) and Microsoft.According to most estimates, Google pays Apple around $17.5B per year for the right to be the default search engine on Apple's devices. The most quoted analysis was made by Goldman Sachs, which estimated the number at $9.5B in 2018, a year that Google's total TAC amounted to $26.7B. So, 35.5% of Google's TAC, which amounted to $48.9B in 2022, means $17.4B that Apple received from the search giant for that year. With more than 1 billion active iPhones, this \"real estate\" is one of the most expensive properties in the world. As we're already hearing about Microsoft eyeing a Firefox search deal, it would be a shocker if Apple wouldn't exploit this situation to its advantage.With so much going in its favor, and because FX, gaming, and ads are all temporary headwinds that should start to ease already in the second half of the fiscal year, I project Apple's service revenues will see growth accelerate in the very near term.Updated ValuationI used a discounted cash flow methodology to evaluate Apple's fair value. I forecast Apple will grow revenues at a 5.9% CAGR between 2023-2030, based on steady growth in the company's core operations, and accelerated growth in emerging markets and services. My projection is in line with the consensus but significantly below Apple's past 7-year CAGR of 10.6%.I project EBITDA margins will increase incrementally up to 34.8% in 2030, as the services portion of total revenues continues to grow. I find this projection conservative, as the company achieved a 33.1% EBITDA margin in 2022, a year in which it had a 43.3% gross margin, which is 1.2% below management's guidance for 2023. Thus, I believe the company is already capable of a margin that is around 34.3%.Overall, my assumptions result in EBITDA growth slightly above revenue growth, reflecting operational leverage and a better mix.Created and calculated by the author based on data from Apple's financial reports and the author's projectionsTaking a WACC of 7.2%, I estimate Apple's fair value at $192 per share, which represents an 11.1% upside compared to the market price at the time of writing. This valuation reflects an arguably high forward P/E multiple of 24.9 based on my EPS projection for 2024. However, today's Apple isn't the old Apple. Its historical average P/E ratio reflects a product company, whereas the services side of the business is becoming increasingly important. Additionally, I expect 2024 will be a remarkable year for the company, as it will have easier comparisons and temporary headwinds should evaporate.ConclusionApple's unstoppable ecosystem continued to gain strength in Q2-23, with over 2 billion active devices, above 1 billion active iPhones, and 975 million paid subscribers. Time and time again, Apple bears find their claims defeated by the world's largest company. As Apple constantly expands its offerings, the company is staying true to its strategy. Each and every product and service should add value to the other, and each and every product and service should be accretive to the company's profits. For these reasons, I reiterate a Buy rating and raise my price target to $192 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970348428,"gmtCreate":1684049785865,"gmtModify":1684049790067,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970348428","repostId":"2335202640","repostType":2,"repost":{"id":"2335202640","kind":"highlight","pubTimestamp":1684029371,"share":"https://ttm.financial/m/news/2335202640?lang=&edition=fundamental","pubTime":"2023-05-14 09:56","market":"sg","language":"en","title":"Nio Stock: Sell in May and Stay Away","url":"https://stock-news.laohu8.com/highlight/detail?id=2335202640","media":"InvestorPlace","summary":"Nio (NIO) refuses to reduce the price of its vehicles, which could turn out to be a big mistake.Furt","content":"<html><head></head><body><ul><li><p><strong>Nio</strong> (<strong>NIO</strong>) refuses to reduce the price of its vehicles, which could turn out to be a big mistake.</p></li><li><p>Furthermore, Nio’s April delivery numbers indicate slowing growth.</p></li><li><p>Investors shouldn’t buy NIO stock in May, and might even consider selling it.</p></li></ul><p>At first glance, China-based electric vehicle (EV) manufacturer <strong>Nio’s</strong> (NYSE: <strong>NIO</strong>) April delivery data might seem positive. Yet, it’s essential to dig into the numbers and put them in context before you think about buying NIO stock. Moreover, Nio’s stubborn refusal to budge on the issue of vehicle price cuts is probably a huge mistake.</p><p>Along with the company’s other issues and obstacles, Nio has to deal with fierce competition from rival EV maker <strong>Tesla</strong> (NASDAQ: <strong>TSLA</strong>). This task will only be more difficult if Nio’s management isn’t flexible in its business strategy.</p><p>As Nio stays the course with a questionable business strategy, the automaker’s stakeholders might consider bailing. Otherwise, they could end up underwater on their investment in Nio during the month of May.</p><h2>Nio Won’t Slash Its EV Prices</h2><p>It’s no secret that the global economy isn’t running on all cylinders. Supply chain constraints, geopolitical tensions, sticky inflation, and recession anxiety continue to impact the fragile balance of supply and demand in the EV market.</p><p>Tesla responded to these issues with a well-documented series of price cuts. You may or may not like Tesla, but it’s hard to deny that lowering EV prices should make the company more competitive.</p><p>In stark contrast to Tesla, Nio CEO William Li declared, “For us, we will certainly not join the price war.” Li justified this statement by claiming that Nio’s EVs “are superior to the Model 3 and Model Y in terms of design, technology and performance.”</p><p>Tesla has many fans around the world, and they would very likely disagree with Li’s declaration of Nio’s superiority. Furthermore, Li just doesn’t seem to want to cater to value-seeking customers’ needs. Reportedly, Li asserted that Tesla’s “price reductions lower the EVs’ residual value. Such actions … are simply detrimental to customers.”</p><h2>NIO Stock Falls After Release of Delivery Numbers</h2><p>Financial traders watch closely for Nio’s vehicle delivery numbers, which are typically released on a monthly basis. As it turned out, Nio delivered 10,378 vehicles in March. Did the automaker show improvement in April, though?</p><p>Nio tried to spin its April delivery data as positive, but investors should look at the bigger picture. The company emphasized that its April EV deliveries rose 31.2% year over year. That’s not the whole story, though, as Nio’s 6,658 deliveries for April indicated a sharp slowdown compared to the deliveries in March.</p><p>Notably, NIO stock fell after Nio issued the press release. This is a clear sign that investors weren’t too impressed with the company’s results, as they surely discerned an alarming trend in the delivery data.</p><h2>NIO Stock Is a Sell in May</h2><p>It’s understandable if Nio’s investors insisted that Li should be more responsive and flexible concerning vehicle price reductions. There’s no clear indication, though, that the CEO will actually back down from his policy on price cuts.</p><p>Meanwhile, traders should be wary of Nio’s attempt to put a positive spin on its EV delivery data. So, at the end of the day, it’s wise to steer clear of NIO stock in May.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock: Sell in May and Stay Away</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Stock: Sell in May and Stay Away\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-14 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/05/nio-stock-sell-in-may-and-stay-away/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio (NIO) refuses to reduce the price of its vehicles, which could turn out to be a big mistake.Furthermore, Nio’s April delivery numbers indicate slowing growth.Investors shouldn’t buy NIO stock in ...</p>\n\n<a href=\"https://investorplace.com/2023/05/nio-stock-sell-in-may-and-stay-away/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"https://investorplace.com/2023/05/nio-stock-sell-in-may-and-stay-away/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2335202640","content_text":"Nio (NIO) refuses to reduce the price of its vehicles, which could turn out to be a big mistake.Furthermore, Nio’s April delivery numbers indicate slowing growth.Investors shouldn’t buy NIO stock in May, and might even consider selling it.At first glance, China-based electric vehicle (EV) manufacturer Nio’s (NYSE: NIO) April delivery data might seem positive. Yet, it’s essential to dig into the numbers and put them in context before you think about buying NIO stock. Moreover, Nio’s stubborn refusal to budge on the issue of vehicle price cuts is probably a huge mistake.Along with the company’s other issues and obstacles, Nio has to deal with fierce competition from rival EV maker Tesla (NASDAQ: TSLA). This task will only be more difficult if Nio’s management isn’t flexible in its business strategy.As Nio stays the course with a questionable business strategy, the automaker’s stakeholders might consider bailing. Otherwise, they could end up underwater on their investment in Nio during the month of May.Nio Won’t Slash Its EV PricesIt’s no secret that the global economy isn’t running on all cylinders. Supply chain constraints, geopolitical tensions, sticky inflation, and recession anxiety continue to impact the fragile balance of supply and demand in the EV market.Tesla responded to these issues with a well-documented series of price cuts. You may or may not like Tesla, but it’s hard to deny that lowering EV prices should make the company more competitive.In stark contrast to Tesla, Nio CEO William Li declared, “For us, we will certainly not join the price war.” Li justified this statement by claiming that Nio’s EVs “are superior to the Model 3 and Model Y in terms of design, technology and performance.”Tesla has many fans around the world, and they would very likely disagree with Li’s declaration of Nio’s superiority. Furthermore, Li just doesn’t seem to want to cater to value-seeking customers’ needs. Reportedly, Li asserted that Tesla’s “price reductions lower the EVs’ residual value. Such actions … are simply detrimental to customers.”NIO Stock Falls After Release of Delivery NumbersFinancial traders watch closely for Nio’s vehicle delivery numbers, which are typically released on a monthly basis. As it turned out, Nio delivered 10,378 vehicles in March. Did the automaker show improvement in April, though?Nio tried to spin its April delivery data as positive, but investors should look at the bigger picture. The company emphasized that its April EV deliveries rose 31.2% year over year. That’s not the whole story, though, as Nio’s 6,658 deliveries for April indicated a sharp slowdown compared to the deliveries in March.Notably, NIO stock fell after Nio issued the press release. This is a clear sign that investors weren’t too impressed with the company’s results, as they surely discerned an alarming trend in the delivery data.NIO Stock Is a Sell in MayIt’s understandable if Nio’s investors insisted that Li should be more responsive and flexible concerning vehicle price reductions. There’s no clear indication, though, that the CEO will actually back down from his policy on price cuts.Meanwhile, traders should be wary of Nio’s attempt to put a positive spin on its EV delivery data. So, at the end of the day, it’s wise to steer clear of NIO stock in May.","news_type":1},"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970365654,"gmtCreate":1683961359978,"gmtModify":1683961365008,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970365654","repostId":"2334720270","repostType":2,"repost":{"id":"2334720270","kind":"highlight","pubTimestamp":1683943659,"share":"https://ttm.financial/m/news/2334720270?lang=&edition=fundamental","pubTime":"2023-05-13 10:07","market":"us","language":"en","title":"3 Unstoppable Growth Stocks That Can Turn $250,000 Into $1 Million by 2033","url":"https://stock-news.laohu8.com/highlight/detail?id=2334720270","media":"Motley Fool","summary":"These fast-paced stocks are industry game changers that can quadruple investors' money over the next decade.","content":"<html><head></head><body><p>For the past 16 months, investors&#39; resolve has been put to the test. After notching off what seemed like one new high after another in 2021, the ageless <strong>Dow Jones Industrial Average</strong>, broad-based <strong>S&amp;P 500</strong>, and growth-centric <strong>Nasdaq Composite</strong> tumbled into a bear market last year.</p><p>Thankfully, tumult presents opportunity on Wall Street. We may never know when the broader market will decline or how steep that decline will ultimately be, but history has pretty clearly shown that every crash, correction, and bear market throughout history has eventually been wiped away by a bull market. When given enough time, the Dow, S&amp;P 500, and Nasdaq have always rebounded.</p><p>Considering that growth stocks were hit hardest by the 2022 bear market, they&#39;re an excellent place for patient investors to comb for bargains. The following three unstoppable growth stocks all have the tools and intangibles needed to turn an initial investment of $250,000 into $1 million by 2033.</p><h2>Nio</h2><p>The first phenomenal growth stock that has the macro and company-specific catalysts necessary to quadruple an initial investment of $250,000 is China-based electric-vehicle (EV) manufacturer <strong>Nio</strong>.</p><p>While I believe Nio has a path to 300% (or greater) returns over the next decade, its ascent will be anything but a straight line. Building an auto company from the ground up to mass production is cost-intensive and not without its fair share of hiccups. Although Nio&#39;s production ramp has previously been constrained by supply chain issues tied to China&#39;s zero-COVID strategy, the future looks bright in many respects for this EV manufacturer.</p><p>On a macro basis, China has abandoned its zero-COVID mitigation strategy, which should allow the No. 2 global economy to ramp up its growth in the coming quarters. China is also the world&#39;s No. 1 auto market and is incented, along with other leading economies, to reduce its carbon footprint. This is what makes EVs such a no-brainer growth opportunity over the next decade.</p><p>With regard to company specifics, the Nio growth story is all about innovation. Nio has been introducing at least one new EV annually and has received a positive reaction to its releases.</p><p>Following the rollout of the ET7 and ET5 sedans last year, Nio quickly saw its sedans account for a majority of its deliveries on a monthly basis. The top-tier battery upgrade that can be purchased with the ET7 and ET5 offers nearly double the range of <strong>Tesla</strong>&#39;s flagship Model 3 sedan. </p><p>I&#39;d like to add to the previous point that Nio tends to target middle- to upper-income consumers. People with higher incomes are less likely to alter their buying habits when economic disruptions occur. This should help the company weather future downturns better than many of its peers.</p><p>But there&#39;s also out-of-the-box innovation that can allow Nio to thrive. During the pandemic, it introduced its battery-as-a-service (BaaS) subscription. With BaaS, buyers receive a discount on the purchase price of their EVs, as well as the option of charging, swapping, or upgrading their batteries in the future. As for Nio, it lands high-margin, recurring subscription revenue and ensures that its early buyers remain loyal to the brand.</p><h2>Lovesac</h2><p>Unstoppable stocks come in all sizes. Small-cap furniture stock <strong>Lovesac</strong> is the perfect example of a small-cap industry-changer that can turn a $250,000 investment into a cool $1 million over the next 10 years.</p><p>Trust me when I say the easiest way to put your friends to sleep is to mention the words &#34;furniture stock.&#34; Furniture retailers tend to be highly cyclical, slow-growing companies that are heavily reliant on foot traffic in their brick-and-mortar stores. They also purchase their products from a relatively small group of wholesalers. Lovesac is breaking this boring mold in a variety of ways.</p><p>The first differentiator is Lovesac&#39;s furniture. Approximately 90% of net sales derive from sactionals -- modular couches that can be arranged in dozens of ways to accommodate virtually any living space. What&#39;s great about sactionals, aside from the functionality, is there are numerous upgrade options, such as wireless charging and surround sound, and over 200 different cover options, which ensures it&#39;ll match the color or theme of a buyers&#39; home. Further, the yarn used in sactionals is made from recycled plastic water bottles, which makes its products eco-friendly.</p><p>Not to sound like a broken record, but another reason Lovesac is such a success is that it targets middle- to high-earning millennials. Whereas most furniture retailers struggle during economic downturns or when inflation rises significantly, Lovesac&#39;s consumer base is built to thrive in virtually any economic environment.</p><p>But the best thing about Lovesac might just be its omnichannel sales platform. While it does have a physical store presence in 40 U.S. states, Lovesac has been able to pivot a sizable percentage of its sales online. Additionally, it operates pop-up showrooms and has brand-name partnerships with the likes of <strong>Best Buy</strong> and <strong>Costco Wholesale</strong>. The key point is that Lovesac can control its overhead costs more effectively than its peers, which helped push it to recurring profitability well ahead of Wall Street&#39;s expectations.</p><p>With a sustained double-digit growth rate and a business model that&#39;s turning the stodgy furniture industry on its head, Lovesac looks like a good bet to quadruple investors&#39; money in a decade.</p><h2>CrowdStrike Holdings</h2><p>The third unstoppable growth stock that can turn $250,000 into $1 million by 2033 is none other than end-user cybersecurity stock <strong>CrowdStrike Holdings</strong>.</p><p>If there&#39;s a concern for CrowdStrike and its shareholders, it&#39;s probably a mix of the company&#39;s premium valuation (a multiple of 44 times fiscal 2025 earnings) and the growing expectation that the U.S. will dip into a recession. The Federal Reserve expects the U.S. to enter a &#34;mild recession&#34; later this year. Historically speaking, stocks don&#39;t perform well in the months following an official declaration of a recession.</p><p>But there&#39;s another side to the story that should have CrowdStrike&#39;s current and prospective shareholders excited.</p><p>To begin with, cybersecurity solutions have effectively become basic-necessity services for businesses of all sizes with an online/cloud-based presence. There&#39;s no such thing as a timeout for hackers or robots just because Wall Street or the U.S. economy hit a rough patch. Demand for cybersecurity solutions should be steady in any economic environment.</p><p>However, the real star for CrowdStrike is Falcon, its cloud-native security platform that oversees trillions of events each week. Falcon relies on artificial intelligence (AI) and machine learning to grow smarter and more effective over time. Being cloud-native allows Falcon to proactively spot and respond to potential threats more efficiently than on-premises solutions.</p><p>While almost every operating metric is moving in the right direction for CrowdStrike, two figures stand head and shoulders above the others. The first is its gross retention rate. It&#39;s no secret that CrowdStrike&#39;s software-as-a-service (SaaS) solutions aren&#39;t the cheapest. Nevertheless, the company&#39;s gross retention rate has jumped more than 400 basis points to 98% over the past six years. Customers are willingly paying more for a superior level of end-user protection.</p><p>The other telling figure is add-on sales. When CrowdStrike was still relatively young in fiscal 2017 (the company&#39;s fiscal year ends on Jan. 31), a single-digit percentage of its 450 clients had purchased at least four cloud-module subscriptions. By the end of fiscal 2023, 62% of its more than 23,000 clients had at least five cloud-module subscriptions, and 22% had purchased at least seven! Add-on sales will pump up CrowdStrike&#39;s adjusted subscription gross margin and allow its profit growth to outpace its already stellar sales growth.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Unstoppable Growth Stocks That Can Turn $250,000 Into $1 Million by 2033</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Unstoppable Growth Stocks That Can Turn $250,000 Into $1 Million by 2033\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-13 10:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/05/11/3-growth-stocks-turn-250000-into-1-million-by-2033/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For the past 16 months, investors' resolve has been put to the test. After notching off what seemed like one new high after another in 2021, the ageless Dow Jones Industrial Average, broad-based S&P ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/05/11/3-growth-stocks-turn-250000-into-1-million-by-2033/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","CRWD":"CrowdStrike Holdings, Inc.","LOVE":"Lovesac Co."},"source_url":"https://www.fool.com/investing/2023/05/11/3-growth-stocks-turn-250000-into-1-million-by-2033/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334720270","content_text":"For the past 16 months, investors' resolve has been put to the test. After notching off what seemed like one new high after another in 2021, the ageless Dow Jones Industrial Average, broad-based S&P 500, and growth-centric Nasdaq Composite tumbled into a bear market last year.Thankfully, tumult presents opportunity on Wall Street. We may never know when the broader market will decline or how steep that decline will ultimately be, but history has pretty clearly shown that every crash, correction, and bear market throughout history has eventually been wiped away by a bull market. When given enough time, the Dow, S&P 500, and Nasdaq have always rebounded.Considering that growth stocks were hit hardest by the 2022 bear market, they're an excellent place for patient investors to comb for bargains. The following three unstoppable growth stocks all have the tools and intangibles needed to turn an initial investment of $250,000 into $1 million by 2033.NioThe first phenomenal growth stock that has the macro and company-specific catalysts necessary to quadruple an initial investment of $250,000 is China-based electric-vehicle (EV) manufacturer Nio.While I believe Nio has a path to 300% (or greater) returns over the next decade, its ascent will be anything but a straight line. Building an auto company from the ground up to mass production is cost-intensive and not without its fair share of hiccups. Although Nio's production ramp has previously been constrained by supply chain issues tied to China's zero-COVID strategy, the future looks bright in many respects for this EV manufacturer.On a macro basis, China has abandoned its zero-COVID mitigation strategy, which should allow the No. 2 global economy to ramp up its growth in the coming quarters. China is also the world's No. 1 auto market and is incented, along with other leading economies, to reduce its carbon footprint. This is what makes EVs such a no-brainer growth opportunity over the next decade.With regard to company specifics, the Nio growth story is all about innovation. Nio has been introducing at least one new EV annually and has received a positive reaction to its releases.Following the rollout of the ET7 and ET5 sedans last year, Nio quickly saw its sedans account for a majority of its deliveries on a monthly basis. The top-tier battery upgrade that can be purchased with the ET7 and ET5 offers nearly double the range of Tesla's flagship Model 3 sedan. I'd like to add to the previous point that Nio tends to target middle- to upper-income consumers. People with higher incomes are less likely to alter their buying habits when economic disruptions occur. This should help the company weather future downturns better than many of its peers.But there's also out-of-the-box innovation that can allow Nio to thrive. During the pandemic, it introduced its battery-as-a-service (BaaS) subscription. With BaaS, buyers receive a discount on the purchase price of their EVs, as well as the option of charging, swapping, or upgrading their batteries in the future. As for Nio, it lands high-margin, recurring subscription revenue and ensures that its early buyers remain loyal to the brand.LovesacUnstoppable stocks come in all sizes. Small-cap furniture stock Lovesac is the perfect example of a small-cap industry-changer that can turn a $250,000 investment into a cool $1 million over the next 10 years.Trust me when I say the easiest way to put your friends to sleep is to mention the words \"furniture stock.\" Furniture retailers tend to be highly cyclical, slow-growing companies that are heavily reliant on foot traffic in their brick-and-mortar stores. They also purchase their products from a relatively small group of wholesalers. Lovesac is breaking this boring mold in a variety of ways.The first differentiator is Lovesac's furniture. Approximately 90% of net sales derive from sactionals -- modular couches that can be arranged in dozens of ways to accommodate virtually any living space. What's great about sactionals, aside from the functionality, is there are numerous upgrade options, such as wireless charging and surround sound, and over 200 different cover options, which ensures it'll match the color or theme of a buyers' home. Further, the yarn used in sactionals is made from recycled plastic water bottles, which makes its products eco-friendly.Not to sound like a broken record, but another reason Lovesac is such a success is that it targets middle- to high-earning millennials. Whereas most furniture retailers struggle during economic downturns or when inflation rises significantly, Lovesac's consumer base is built to thrive in virtually any economic environment.But the best thing about Lovesac might just be its omnichannel sales platform. While it does have a physical store presence in 40 U.S. states, Lovesac has been able to pivot a sizable percentage of its sales online. Additionally, it operates pop-up showrooms and has brand-name partnerships with the likes of Best Buy and Costco Wholesale. The key point is that Lovesac can control its overhead costs more effectively than its peers, which helped push it to recurring profitability well ahead of Wall Street's expectations.With a sustained double-digit growth rate and a business model that's turning the stodgy furniture industry on its head, Lovesac looks like a good bet to quadruple investors' money in a decade.CrowdStrike HoldingsThe third unstoppable growth stock that can turn $250,000 into $1 million by 2033 is none other than end-user cybersecurity stock CrowdStrike Holdings.If there's a concern for CrowdStrike and its shareholders, it's probably a mix of the company's premium valuation (a multiple of 44 times fiscal 2025 earnings) and the growing expectation that the U.S. will dip into a recession. The Federal Reserve expects the U.S. to enter a \"mild recession\" later this year. Historically speaking, stocks don't perform well in the months following an official declaration of a recession.But there's another side to the story that should have CrowdStrike's current and prospective shareholders excited.To begin with, cybersecurity solutions have effectively become basic-necessity services for businesses of all sizes with an online/cloud-based presence. There's no such thing as a timeout for hackers or robots just because Wall Street or the U.S. economy hit a rough patch. Demand for cybersecurity solutions should be steady in any economic environment.However, the real star for CrowdStrike is Falcon, its cloud-native security platform that oversees trillions of events each week. Falcon relies on artificial intelligence (AI) and machine learning to grow smarter and more effective over time. Being cloud-native allows Falcon to proactively spot and respond to potential threats more efficiently than on-premises solutions.While almost every operating metric is moving in the right direction for CrowdStrike, two figures stand head and shoulders above the others. The first is its gross retention rate. It's no secret that CrowdStrike's software-as-a-service (SaaS) solutions aren't the cheapest. Nevertheless, the company's gross retention rate has jumped more than 400 basis points to 98% over the past six years. Customers are willingly paying more for a superior level of end-user protection.The other telling figure is add-on sales. When CrowdStrike was still relatively young in fiscal 2017 (the company's fiscal year ends on Jan. 31), a single-digit percentage of its 450 clients had purchased at least four cloud-module subscriptions. By the end of fiscal 2023, 62% of its more than 23,000 clients had at least five cloud-module subscriptions, and 22% had purchased at least seven! Add-on sales will pump up CrowdStrike's adjusted subscription gross margin and allow its profit growth to outpace its already stellar sales growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970037052,"gmtCreate":1683706261777,"gmtModify":1683706266717,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970037052","repostId":"2334272027","repostType":2,"repost":{"id":"2334272027","kind":"highlight","pubTimestamp":1683699845,"share":"https://ttm.financial/m/news/2334272027?lang=&edition=fundamental","pubTime":"2023-05-10 14:24","market":"us","language":"en","title":"Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2334272027","media":"Yahoo Finance","summary":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this y","content":"<html><head></head><body><p>Share repurchases, or stock buybacks, have appeared over and over in tech companies&#39; earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.</p><p>&#34;Our main takeaway is that share buybacks don&#39;t create or destroy a lot of wealth,&#34; Guest told Yahoo Finance Live. &#34;So you might wonder, &#39;Well, why are companies repurchasing on track for more than $1 trillion this year?&#39; The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.&#34; </p><p>There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven&#39;t been necessarily proven by the data, according to Guest. </p><p>&#34;Some argue they&#39;re associated with excessive executive compensation and that companies that buy back don&#39;t have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,&#34; he said. &#34;But our evidence comparing both companies that repurchased and companies that don&#39;t repurchase shares didn&#39;t find any large-scale, on average, evidence of those things.&#34;</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0098ff3e66c2f5ea3684e4353143604d\" tg-width=\"652\" tg-height=\"582\"/></p><p>Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google&#39;s $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.</p><p>&#34;$70 billion is slightly large for them, but not when you compare and adjust market-wide,&#34; he said. &#34;The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.&#34;</p><p>Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.</p><h2>Why companies buy back stock – and when they should</h2><p>So why do these companies do stock buybacks? </p><p>&#34;Repurchases have more flexibility than dividends,&#34; Guest said. &#34;They&#39;re easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management&#39;s pet projects.&#34;</p><p>Another reason, Guest added, is that &#34;managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.&#34;</p><p>It&#39;s worth doing buybacks when management thinks the company&#39;s valuation is low, Ragih said.</p><p>&#34;The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,&#34; he told Yahoo Finance. &#34;If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.&#34;</p><p>It&#39;s even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.</p><p>&#34;Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,&#34; he said. &#34;To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.&#34;</p><p>However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. </p><p>&#34;If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,&#34; Guest said. &#34;For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.&#34; </p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors</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\">\nTech Earnings Featured More Stock Buybacks – Here's What That Means for Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-10 14:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest...</p>\n\n<a href=\"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","GOOG":"谷歌","GOOGL":"谷歌A","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334272027","content_text":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.\"Our main takeaway is that share buybacks don't create or destroy a lot of wealth,\" Guest told Yahoo Finance Live. \"So you might wonder, 'Well, why are companies repurchasing on track for more than $1 trillion this year?' The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.\" There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven't been necessarily proven by the data, according to Guest. \"Some argue they're associated with excessive executive compensation and that companies that buy back don't have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,\" he said. \"But our evidence comparing both companies that repurchased and companies that don't repurchase shares didn't find any large-scale, on average, evidence of those things.\"Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google's $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.\"$70 billion is slightly large for them, but not when you compare and adjust market-wide,\" he said. \"The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.\"Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.Why companies buy back stock – and when they shouldSo why do these companies do stock buybacks? \"Repurchases have more flexibility than dividends,\" Guest said. \"They're easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management's pet projects.\"Another reason, Guest added, is that \"managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.\"It's worth doing buybacks when management thinks the company's valuation is low, Ragih said.\"The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,\" he told Yahoo Finance. \"If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.\"It's even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.\"Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,\" he said. \"To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.\"However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. \"If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,\" Guest said. \"For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947848597,"gmtCreate":1682985477719,"gmtModify":1682985480653,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947848597","repostId":"1171132791","repostType":2,"repost":{"id":"1171132791","kind":"news","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":1682980741,"share":"https://ttm.financial/m/news/1171132791?lang=&edition=fundamental","pubTime":"2023-05-02 06:39","market":"us","language":"en","title":"Wall Street Near Flat After First Republic News, Awaiting Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=1171132791","media":"Reuters","summary":"(Reuters) - U.S. stocks ended little changed on Monday as investors took in the weekend auction of F","content":"<html><head></head><body><p>(Reuters) - U.S. stocks ended little changed on Monday as investors took in the weekend auction of <a href=\"https://laohu8.com/S/FRC\">First Republic Bank <u></a></u> and braced for this week&#39;s expected interest rate hike from the Federal Reserve.</p><p style=\"text-align: start;\">The <a href=\"https://laohu8.com/S/KRX\">KBW regional banking index </a> dropped 2.7%, while shares of <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase &amp; Co </a>, which won the auction of failed lender First Republic, rose 2.1%.</p><p style=\"text-align: start;\">JPMorgan will pay the U.S. Federal Deposit Insurance Corp $10.6 billion to take control of most of the regional bank&#39;s assets.</p><p>Investors have been on edge about the banking system&#39;s health following the collapse of two other regional banks in March.</p><p style=\"text-align: start;\">&#34;Hopefully this is sort of the last of the banking crisis, but something else might surface at some point,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York.</p><p style=\"text-align: start;\">Market watchers also digested the latest economic news, which suggested to some that the Fed may need to stick to its tightening cycle for the near term. The Institute for Supply Management (ISM) said on Monday its manufacturing PMI rose last month from March.</p><p>The Fed, which has been raising rates to cool inflation, is expected to hike rates an additional 25 basis points on Wednesday.</p><p style=\"text-align: start;\">The Dow Jones Industrial Average (.DJI) fell 46.46 points, or 0.14%, to 34,051.7; the S&amp;P 500 (.SPX) lost 1.61 points, or 0.04%, at 4,167.87; and the Nasdaq Composite (.IXIC) dropped 13.99 points, or 0.11%, to 12,212.60.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34553f94e16cdea17a7cc3b1e3c2757d\" tg-width=\"1080\" tg-height=\"1920\"/></p><p>Energy (.SPNY) was down the most of the major S&amp;P 500 sectors, falling 1.3% as crude oil prices declined , .</p><p style=\"text-align: start;\">Recent earnings, however, provided some lingering optimism for investors, Ghriskey said. First-quarter results from S&amp;P 500 companies have mostly beaten expectations, easing economic concerns.</p><p style=\"text-align: start;\">&#34;We&#39;ve had good earnings relative to expectations. Analysts for now have backed off of lowering estimates,&#34; he said. &#34;If we could have rates at this level ... and corporate America continue to deliver, it&#39;s very positive.&#34;</p><p>Recent upbeat earnings from Alphabet Inc (GOOGL.O), Microsoft Corp (MSFT.O) and Meta Platforms Inc (META.O) helped the benchmark S&amp;P 500 notch its second consecutive month of gains on Friday.</p><p style=\"text-align: start;\">The S&amp;P 500 technology index (.SPLRCT) climbed 0.2% on Monday, offsetting some of the day&#39;s weakness.</p><p style=\"text-align: start;\">Volume on U.S. exchanges was 10.24 billion shares, compared with the 10.37 billion average for the full session over the last 20 trading days.</p><p style=\"text-align: start;\">Declining issues outnumbered advancers on the NYSE by a 1.36-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners.</p><p style=\"text-align: start;\">The S&amp;P 500 posted 35 new 52-week highs and one new low; the Nasdaq Composite recorded 88 new highs and 188 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Near Flat After First Republic News, Awaiting Fed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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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\">\nWall Street Near Flat After First Republic News, Awaiting Fed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-05-02 06:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - U.S. stocks ended little changed on Monday as investors took in the weekend auction of <a href=\"https://laohu8.com/S/FRC\">First Republic Bank <u></a></u> and braced for this week&#39;s expected interest rate hike from the Federal Reserve.</p><p style=\"text-align: start;\">The <a href=\"https://laohu8.com/S/KRX\">KBW regional banking index </a> dropped 2.7%, while shares of <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase &amp; Co </a>, which won the auction of failed lender First Republic, rose 2.1%.</p><p style=\"text-align: start;\">JPMorgan will pay the U.S. Federal Deposit Insurance Corp $10.6 billion to take control of most of the regional bank&#39;s assets.</p><p>Investors have been on edge about the banking system&#39;s health following the collapse of two other regional banks in March.</p><p style=\"text-align: start;\">&#34;Hopefully this is sort of the last of the banking crisis, but something else might surface at some point,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York.</p><p style=\"text-align: start;\">Market watchers also digested the latest economic news, which suggested to some that the Fed may need to stick to its tightening cycle for the near term. The Institute for Supply Management (ISM) said on Monday its manufacturing PMI rose last month from March.</p><p>The Fed, which has been raising rates to cool inflation, is expected to hike rates an additional 25 basis points on Wednesday.</p><p style=\"text-align: start;\">The Dow Jones Industrial Average (.DJI) fell 46.46 points, or 0.14%, to 34,051.7; the S&amp;P 500 (.SPX) lost 1.61 points, or 0.04%, at 4,167.87; and the Nasdaq Composite (.IXIC) dropped 13.99 points, or 0.11%, to 12,212.60.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34553f94e16cdea17a7cc3b1e3c2757d\" tg-width=\"1080\" tg-height=\"1920\"/></p><p>Energy (.SPNY) was down the most of the major S&amp;P 500 sectors, falling 1.3% as crude oil prices declined , .</p><p style=\"text-align: start;\">Recent earnings, however, provided some lingering optimism for investors, Ghriskey said. First-quarter results from S&amp;P 500 companies have mostly beaten expectations, easing economic concerns.</p><p style=\"text-align: start;\">&#34;We&#39;ve had good earnings relative to expectations. Analysts for now have backed off of lowering estimates,&#34; he said. &#34;If we could have rates at this level ... and corporate America continue to deliver, it&#39;s very positive.&#34;</p><p>Recent upbeat earnings from Alphabet Inc (GOOGL.O), Microsoft Corp (MSFT.O) and Meta Platforms Inc (META.O) helped the benchmark S&amp;P 500 notch its second consecutive month of gains on Friday.</p><p style=\"text-align: start;\">The S&amp;P 500 technology index (.SPLRCT) climbed 0.2% on Monday, offsetting some of the day&#39;s weakness.</p><p style=\"text-align: start;\">Volume on U.S. exchanges was 10.24 billion shares, compared with the 10.37 billion average for the full session over the last 20 trading days.</p><p style=\"text-align: start;\">Declining issues outnumbered advancers on the NYSE by a 1.36-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners.</p><p style=\"text-align: start;\">The S&amp;P 500 posted 35 new 52-week highs and one new low; the Nasdaq Composite recorded 88 new highs and 188 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171132791","content_text":"(Reuters) - U.S. stocks ended little changed on Monday as investors took in the weekend auction of First Republic Bank  and braced for this week's expected interest rate hike from the Federal Reserve.The KBW regional banking index  dropped 2.7%, while shares of JPMorgan Chase & Co , which won the auction of failed lender First Republic, rose 2.1%.JPMorgan will pay the U.S. Federal Deposit Insurance Corp $10.6 billion to take control of most of the regional bank's assets.Investors have been on edge about the banking system's health following the collapse of two other regional banks in March.\"Hopefully this is sort of the last of the banking crisis, but something else might surface at some point,\" said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.Market watchers also digested the latest economic news, which suggested to some that the Fed may need to stick to its tightening cycle for the near term. The Institute for Supply Management (ISM) said on Monday its manufacturing PMI rose last month from March.The Fed, which has been raising rates to cool inflation, is expected to hike rates an additional 25 basis points on Wednesday.The Dow Jones Industrial Average (.DJI) fell 46.46 points, or 0.14%, to 34,051.7; the S&P 500 (.SPX) lost 1.61 points, or 0.04%, at 4,167.87; and the Nasdaq Composite (.IXIC) dropped 13.99 points, or 0.11%, to 12,212.60.Energy (.SPNY) was down the most of the major S&P 500 sectors, falling 1.3% as crude oil prices declined , .Recent earnings, however, provided some lingering optimism for investors, Ghriskey said. First-quarter results from S&P 500 companies have mostly beaten expectations, easing economic concerns.\"We've had good earnings relative to expectations. Analysts for now have backed off of lowering estimates,\" he said. \"If we could have rates at this level ... and corporate America continue to deliver, it's very positive.\"Recent upbeat earnings from Alphabet Inc (GOOGL.O), Microsoft Corp (MSFT.O) and Meta Platforms Inc (META.O) helped the benchmark S&P 500 notch its second consecutive month of gains on Friday.The S&P 500 technology index (.SPLRCT) climbed 0.2% on Monday, offsetting some of the day's weakness.Volume on U.S. exchanges was 10.24 billion shares, compared with the 10.37 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancers on the NYSE by a 1.36-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners.The S&P 500 posted 35 new 52-week highs and one new low; the Nasdaq Composite recorded 88 new highs and 188 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947884381,"gmtCreate":1682922715843,"gmtModify":1682922719861,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947884381","repostId":"1139971500","repostType":2,"repost":{"id":"1139971500","kind":"news","pubTimestamp":1682898506,"share":"https://ttm.financial/m/news/1139971500?lang=&edition=fundamental","pubTime":"2023-05-01 07:48","market":"us","language":"en","title":"Charlie Munger: US Banks Are \"Full of\" Bad Commercial Property Loans","url":"https://stock-news.laohu8.com/highlight/detail?id=1139971500","media":"Financial Times","summary":"Charlie Munger has warned of a brewing storm in the US commercial property market, with American ban","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/421f865ff9ae1b182c5661175627c32a\" alt=\" \t\" title=\" \t\" tg-width=\"700\" tg-height=\"394\"/><span> \t</span></p><p>Charlie Munger has warned of a brewing storm in the US commercial property market, with American banks “full of” what he said were “bad loans” as property prices fall.</p><p>The comments from the 99-year-old investor and sidekick to billionaire Warren Buffett come as turmoil ripples through the country’s financial system, which is reckoning with a potential commercial property crash following a handful of bank failures.</p><p>“It’s not nearly as bad as it was in 2008,” the Berkshire Hathaway vice-chair told the Financial Times in an interview. “But trouble happens to banking just like trouble happens everywhere else. In the good times you get into bad habits . . . When bad times come they lose too much.”</p><p>Munger was speaking on the veranda of his home in Greater Wilshire, a leafy neighbourhood of Los Angeles where he has lived for 60 years since he designed the property himself.</p><p>Dressed in a plaid shirt, Munger held court from his wheelchair as the travails of ailing California-based bank First Republic were playing out in real time on a television screen airing CNBC in the background.</p><p>Berkshire has a long history of supporting US banks through periods of financial instability. The sprawling industrials-to-insurance behemoth invested $5bn in Goldman Sachs during the 2007-08 financial crisis and a similar sum in Bank of America in 2011.</p><p>But the company has so far stayed on the sidelines of the current bout of turmoil, during which Silicon Valley Bank and Signature Bank collapsed. “Berkshire has made some bank investments that worked out very well for us,” said Munger. “We’ve had some disappointment in banks, too. It’s not that damned easy to run a bank intelligently, there are a lot of temptations to do the wrong thing.”</p><p>Their reticence stems in part from lurking risks in banks’ vast portfolios of commercial property loans. “A lot of real estate isn’t so good any more,” Munger said. “We have a lot of troubled office buildings, a lot of troubled shopping centres, a lot of troubled other properties. There’s a lot of agony out there.”</p><p>He noted that banks were already pulling back from lending to commercial developers. “Every bank in the country is way tighter on real estate loans today than they were six months ago,” he said. “They all seem [to be] too much trouble.”</p><p>Munger grew up in Omaha, Nebraska, a few hundred feet from where Buffett now lives. The two met in 1959, when Buffett was 28 and Munger 35. Munger, who at one point worked in a grocery store owned by Buffett’s grandfather, trained as a lawyer before being coaxed into investment by his soon-to-be partner.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67b9dc3399d647d6e77df5fadee12f22\" title=\"Berkshire Hathaway chair Warren Buffett, left, and vice-chair Charlie Munger have known each other since 1959\" tg-width=\"700\" tg-height=\"466\"/><span>Berkshire Hathaway chair Warren Buffett, left, and vice-chair Charlie Munger have known each other since 1959</span></p><p>Buffett has credited Munger with encouraging him to move on from the “cigar-butt strategy” espoused by his mentor Benjamin Graham, which involved buying cheap stocks akin to a discarded cigar where just a single puff of value remained.</p><p>In 2015, Buffett wrote in the conglomerate’s 50th annual letter: “The blueprint he [Munger] gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.”</p><p>This approach has served them well. Berkshire has generated compounded annual returns of nearly 20 per cent, twice the rate of the benchmark S&amp;P 500 stock index, since 1965.</p><p>“We were a creature of a particular time and a perfect set of opportunities,” said Munger, adding he had lived during “a perfect period to be a common stock investor”.</p><p>He and Buffett had benefited “by and large [from] low interest rates, low equity values, ample opportunities ”, he said.</p><p>Munger said he had made most of his money from just four investments: Berkshire, retailer Costco, his investment in a fund managed by Li Lu’s Himalaya Capital and Afton Properties, a real estate venture that owns apartment buildings in California and New Jersey. Forbes estimates his wealth at $2.4bn.</p><p>“It’s the nature of things that a very intelligent man working hard maybe gets three, four, five really good long-term opportunities of buying great companies at a cheap price,” he said. “It happens rarely.”</p><p>Ahead of the company’s annual meeting on Saturday, tens of thousands of Berkshire shareholders will descend on Omaha to hear from the two nonagenarian investors as they attend something akin to a festival of capitalism.</p><p>But Munger warned that the golden age for investing was over and investors would need to contend with a period of lower returns.</p><p>“It’s gotten very tough to have anything like the returns that were obtained in the past,” he said, pointing to higher interest rates and a crowded field of investors chasing bargains and looking for companies with inefficiencies.</p><p>“[At] the exact time that the game is getting tougher we’ve got more and more people trying to play it,” he said.</p><p>Berkshire has struggled to find worthwhile investments at times over the past decade, a fact epitomised by a cash balance that often sits in excess of $100bn and the choice by the company to buy back tens of billions of dollars of its own shares.</p><p>Munger also took aim at his own industry, hitting out at a “glut of investment managers that’s bad for the country”. Many of them are little more than “fortune tellers or astrologers who are dragging money out of their clients’ accounts, which [is] not being earned by any useful service”.</p><p>He had harsh words for buyout groups as well. “There’s too much private equity, too many buyers of all kinds . . it’s making it a very tough game for everybody.”</p><p>“The people getting the fees are still doing well,” he said of private equity fund managers. But he warned: “People that aren’t being served very well by paying all those fees may eventually be unwilling to pay them.”</p><p>Where Buffett has emphatically told Berkshire shareholders to “never bet against America”, Munger is more cautious. “I do not think that we can take it as a given that American democracy will prosper and flourish forever,” he said. “But I think we’ll stumble through pretty well for quite a while yet.”</p><p>On his own imprint on the world, Munger said: “I would like my legacy to be a more relentless determination to develop and use what I call an uncommon sense.”</p></body></html>","source":"lsy1580170736413","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>Charlie Munger: US Banks Are \"Full of\" Bad Commercial Property Loans</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\">\nCharlie Munger: US Banks Are \"Full of\" Bad Commercial Property Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-01 07:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/da9f8230-2eb1-49c5-b63a-f1507936d01b><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Charlie Munger has warned of a brewing storm in the US commercial property market, with American banks “full of” what he said were “bad loans” as property prices fall.The comments from the 99-year-old...</p>\n\n<a href=\"https://www.ft.com/content/da9f8230-2eb1-49c5-b63a-f1507936d01b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行","BRK.B":"伯克希尔B","C":"花旗","BAC":"美国银行","JPM":"摩根大通","BX":"黑石","BRK.A":"伯克希尔"},"source_url":"https://www.ft.com/content/da9f8230-2eb1-49c5-b63a-f1507936d01b","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139971500","content_text":"Charlie Munger has warned of a brewing storm in the US commercial property market, with American banks “full of” what he said were “bad loans” as property prices fall.The comments from the 99-year-old investor and sidekick to billionaire Warren Buffett come as turmoil ripples through the country’s financial system, which is reckoning with a potential commercial property crash following a handful of bank failures.“It’s not nearly as bad as it was in 2008,” the Berkshire Hathaway vice-chair told the Financial Times in an interview. “But trouble happens to banking just like trouble happens everywhere else. In the good times you get into bad habits . . . When bad times come they lose too much.”Munger was speaking on the veranda of his home in Greater Wilshire, a leafy neighbourhood of Los Angeles where he has lived for 60 years since he designed the property himself.Dressed in a plaid shirt, Munger held court from his wheelchair as the travails of ailing California-based bank First Republic were playing out in real time on a television screen airing CNBC in the background.Berkshire has a long history of supporting US banks through periods of financial instability. The sprawling industrials-to-insurance behemoth invested $5bn in Goldman Sachs during the 2007-08 financial crisis and a similar sum in Bank of America in 2011.But the company has so far stayed on the sidelines of the current bout of turmoil, during which Silicon Valley Bank and Signature Bank collapsed. “Berkshire has made some bank investments that worked out very well for us,” said Munger. “We’ve had some disappointment in banks, too. It’s not that damned easy to run a bank intelligently, there are a lot of temptations to do the wrong thing.”Their reticence stems in part from lurking risks in banks’ vast portfolios of commercial property loans. “A lot of real estate isn’t so good any more,” Munger said. “We have a lot of troubled office buildings, a lot of troubled shopping centres, a lot of troubled other properties. There’s a lot of agony out there.”He noted that banks were already pulling back from lending to commercial developers. “Every bank in the country is way tighter on real estate loans today than they were six months ago,” he said. “They all seem [to be] too much trouble.”Munger grew up in Omaha, Nebraska, a few hundred feet from where Buffett now lives. The two met in 1959, when Buffett was 28 and Munger 35. Munger, who at one point worked in a grocery store owned by Buffett’s grandfather, trained as a lawyer before being coaxed into investment by his soon-to-be partner.Berkshire Hathaway chair Warren Buffett, left, and vice-chair Charlie Munger have known each other since 1959Buffett has credited Munger with encouraging him to move on from the “cigar-butt strategy” espoused by his mentor Benjamin Graham, which involved buying cheap stocks akin to a discarded cigar where just a single puff of value remained.In 2015, Buffett wrote in the conglomerate’s 50th annual letter: “The blueprint he [Munger] gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.”This approach has served them well. Berkshire has generated compounded annual returns of nearly 20 per cent, twice the rate of the benchmark S&P 500 stock index, since 1965.“We were a creature of a particular time and a perfect set of opportunities,” said Munger, adding he had lived during “a perfect period to be a common stock investor”.He and Buffett had benefited “by and large [from] low interest rates, low equity values, ample opportunities ”, he said.Munger said he had made most of his money from just four investments: Berkshire, retailer Costco, his investment in a fund managed by Li Lu’s Himalaya Capital and Afton Properties, a real estate venture that owns apartment buildings in California and New Jersey. Forbes estimates his wealth at $2.4bn.“It’s the nature of things that a very intelligent man working hard maybe gets three, four, five really good long-term opportunities of buying great companies at a cheap price,” he said. “It happens rarely.”Ahead of the company’s annual meeting on Saturday, tens of thousands of Berkshire shareholders will descend on Omaha to hear from the two nonagenarian investors as they attend something akin to a festival of capitalism.But Munger warned that the golden age for investing was over and investors would need to contend with a period of lower returns.“It’s gotten very tough to have anything like the returns that were obtained in the past,” he said, pointing to higher interest rates and a crowded field of investors chasing bargains and looking for companies with inefficiencies.“[At] the exact time that the game is getting tougher we’ve got more and more people trying to play it,” he said.Berkshire has struggled to find worthwhile investments at times over the past decade, a fact epitomised by a cash balance that often sits in excess of $100bn and the choice by the company to buy back tens of billions of dollars of its own shares.Munger also took aim at his own industry, hitting out at a “glut of investment managers that’s bad for the country”. Many of them are little more than “fortune tellers or astrologers who are dragging money out of their clients’ accounts, which [is] not being earned by any useful service”.He had harsh words for buyout groups as well. “There’s too much private equity, too many buyers of all kinds . . it’s making it a very tough game for everybody.”“The people getting the fees are still doing well,” he said of private equity fund managers. But he warned: “People that aren’t being served very well by paying all those fees may eventually be unwilling to pay them.”Where Buffett has emphatically told Berkshire shareholders to “never bet against America”, Munger is more cautious. “I do not think that we can take it as a given that American democracy will prosper and flourish forever,” he said. “But I think we’ll stumble through pretty well for quite a while yet.”On his own imprint on the world, Munger said: “I would like my legacy to be a more relentless determination to develop and use what I call an uncommon sense.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947894932,"gmtCreate":1682820103227,"gmtModify":1682820107647,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947894932","repostId":"2331509993","repostType":2,"repost":{"id":"2331509993","kind":"news","pubTimestamp":1682733000,"share":"https://ttm.financial/m/news/2331509993?lang=&edition=fundamental","pubTime":"2023-04-29 09:50","market":"us","language":"en","title":"SPY: \"Sell In May\" Should Work Again This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=2331509993","media":"Seeking Alpha","summary":"SummaryThe YTD return of the S&P 500 through April 26th was 5.13%, and the top 8 FAANG+MNT stocks co","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>The YTD return of the S&amp;P 500 through April 26th was 5.13%, and the top 8 FAANG+MNT stocks contributed 5.57% to the overall return.</p></li><li><p>The stock market has been rallying because investors aren&#39;t worried about inflation, which means the Federal Reserve would not have to raise interest rates, in my view.</p></li><li><p>However, the odds of another Fed hike have increased to almost 90% in the last week or so, which is a shift from a month ago.</p></li><li><p>The only time stocks had negative returns was during a period when the ISM index was below 50 and declining. Currently, the ISM index is below 50 and declining.</p></li><li><p>Tech is now as expensive as it was before liquidity issues, earnings declines, and a shift to money market funds. I see a clear bear-case set-up right now in the SPY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02c06aa3599fc5e9916739a3efa44575\" alt=\"gguy44\" title=\"gguy44\" tg-width=\"750\" tg-height=\"520\"/><span>gguy44</span></p></li></ul><h2 style=\"text-align: left;\">Intro &amp; Thesis</h2><p style=\"text-align: left;\">Events in the markets always move quickly - especially against the backdrop of a rather important reporting season, which so far is going exactly as priced in by the <strong>S&amp;P 500 Index</strong> (NYSEARCA:SPY) (SPX) in the course of its growth of &gt;8% from the March local bottom.</p><p style=\"text-align: left;\">Almost all of the major tech companies that have managed to report to date - Microsoft (MSFT), Google (GOOG) (GOOGL), Amazon (AMZN), and Meta (META) - have significantly beaten analysts&#39; expectations or provided more positive guidance than initially expected. Their shares once again became the main driver of SPY growth and reinforced the general euphoria on the market. However, the technology sector is far from being the only one in the structure of the economy. Undoubtedly, 25.76% of the total SPY&#39;s structure is the largest chunk, but it is only a little more than 1/4. The remaining 3/4 are much more important in assessing what is really happening.</p><p style=\"text-align: left;\">Jim Bianco clearly demonstrates the &#34;illness&#34; of the current rally. The YTD return of the S&amp;P 500 through April 26th was 5.13%, and the top 8 FAANG+MNT stocks contributed 5.57% to the overall return. So the remaining 492 stocks collectively dragged the S&amp;P 500 lower by -0.44%. The crowd points to the stock market&#39;s price action and says that the economy is good as the main index is up more than 5% this year, but the negative contribution of the &#34;other 492&#34; stocks raises actual concerns.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94b44066bf2c151f97345f1f6f79d510\" alt=\"Chart by @biancoresearch [Twitter]\" title=\"Chart by @biancoresearch [Twitter]\" tg-width=\"640\" tg-height=\"480\"/><span>Chart by @biancoresearch [Twitter]</span></p><p style=\"text-align: left;\">I do not like those who are always shouting about the approaching Armageddon, but perhaps I am gradually becoming such an analyst. From many of the criteria I see in the market today, I believe investors are paying an inordinate amount for the current SPY rally, and the structure of the new uptick itself is only explained by the temporary recovery success of 8 out of the 500 companies.</p><p style=\"text-align: left;\">May is upon us, and historically, many managers close out their positions and lock in some profit to come back after Summer. I see 2023 being no exception to this long-term trend. I reiterate my previously issued &#34;Sell&#34; rating on SPY and remain on the contrarian side of the game.</p><h2 style=\"text-align: left;\">Sell In May And Go Away Stats</h2><p style=\"text-align: left;\">The thesis that you should sell stocks in May originated a very long time ago. Many researchers have tried to study this phenomenon, and the statistical results speak for themselves - this effect is indeed the case, even though the media keeps trying to disprove it every year.</p><blockquote>The three worst days for performance in stock market history occurred in October, two of which were during the crash of 1929, and the other was the 1987 Black Monday crash.From 1990 to 2022, the S&amp;P 500 has returned about 2% from May through October, while November through April has averaged about 7%.A 1998 study on SSRN found that the selling in May and staying away through October held in 36 out of 37 developed and emerging market economies from 1970-1998.A 2013 publication in the Financial Analysts Journal noted that selling in May persisted from 1998 to 2012.The period of 2013 to today has not been as consistent, especially considering the sharp reversal of the trend in 2020, when the S&amp;P 500 index jumped 46% in price from March 23 to November 1, 2020.Source: Seeking Alpha Education</blockquote><p style=\"text-align: left;\">The last point suggests why this effect lost significance at some point - the colossal growth of the market after the pandemic shifted the sample observations and broke the usual pattern. I do not think it&#39;s a mystery to anyone why the market grew so much at that point:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/206af33ce04623cb9a860d8f2fa0fd4a\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><p style=\"text-align: left;\">However, the Federal Reserve can&#39;t just go on today and keep printing money as it has been doing. There are too many nuances that have to be taken into account.</p><h2 style=\"text-align: left;\">Debt And Liquidity Issues</h2><p style=\"text-align: left;\">The M2 money supply remains higher than pre-2020 levels, but the Federal Reserve probably realized it can&#39;t solve economic problems just by printing money. Since early 2022, they have been gradually destroying base money to control price inflation through quantitative tightening [QT], which harmed financial assets [you could see that throughout 2022]. In March 2023, the banking crisis forced the Fed to provide loans to banks while also destroying base money, resulting in a temporary increase in liquidity [now they&#39;re doing QT again]. By the way, the Treasury General Account [TGA] - the general checking account, that the Department of the Treasury uses and from which the U.S. government makes all of its official payments - has been drawing down since September 2022, which is positive for financial system liquidity, and overall domestic liquidity has been relatively flat as the Fed and TGA offset each other. <strong>What may change going forward?</strong></p><p style=\"text-align: left;\">The U.S. Treasury Department could run out of ways to pay its bills in a matter of weeks if Congress fails to act, and financial markets are already flashing warning signs, Reuters reported on April 27, 2023. Indeed, the smart money is moving into the 1-month bill and quickly exiting the 3-month bills, considered by many to be the maturity most likely to be in the eye of the debt ceiling storm. Lower-than-expected tax revenues have pushed forward expectations of when the U.S. might face a default. Credit default swaps on the U.S. are more expensive than ever, according to Seeking Alpha News.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f632db2f28eb9d162d415c0921cb9da5\" alt=\"Tilo Marotz, LinkedIn\" title=\"Tilo Marotz, LinkedIn\" tg-width=\"640\" tg-height=\"640\"/><span>Tilo Marotz, LinkedIn</span></p><p style=\"text-align: left;\">On April 27, the U.S. House of Representatives passed a bill to raise the government&#39;s debt ceiling with sweeping spending cuts over the next decade. However, the bill is not expected to pass the Senate and President Joe Biden would veto it if it did. The mostly partisan 217-215 vote is a win for Republican House Speaker Kevin McCarthy and could ease concerns among investors and markets about the issue.</p><p style=\"text-align: left;\">Since 1960, Congress has raised or suspended the debt ceiling 78 times, including 29 times under Democratic presidents and 49 times under Republican presidents. Therefore, it is only a matter of time before the current ceiling is raised again. Importantly for us, however, once the debt ceiling is raised, the Treasury will be legally able to raise its general account back to the target level (negatively impacting liquidity when this happens) as the Federal Reserve continues to drain liquidity from the system (also negatively impacting liquidity), according to Lyn Alden Schwartzer [proprietary source].</p><p style=\"text-align: left;\">So May and June promise to be quite difficult for SPY in terms of liquidity and further growth of the &#34;debt risk&#34; - the way the index is behaving now, based on the factual past performance of a small sample of tech companies, seems to me to be too optimistic.</p><h2 style=\"text-align: left;\">Fundamentals Meet Valuation - Both Negative</h2><p style=\"text-align: left;\">For many months in a row, inflation remained on the agenda, moving the market in different directions. This is not surprising, as it has not shown similar growth dynamics [2021-2022] over the past few decades. Recently, however, the problem of inflation is no longer acute - it is cooling, perhaps not to the Fed&#39;s target, but it has done a good job so far. The only question is at what cost the Fed has achieved its goal? Richard Excell from Stay Vigilant points to the fact that the U.S. ISM PMI is in the -20 range, which has indicated recessions in the past:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7ef163716486b9fce6481f4149973bf\" alt=\"Richard Excell from Stay Vigilant [April 24, 2023]\" title=\"Richard Excell from Stay Vigilant [April 24, 2023]\" tg-width=\"640\" tg-height=\"335\"/><span>Richard Excell from Stay Vigilant [April 24, 2023]</span></p><p style=\"text-align: left;\">Richard cited a chart from Credit Suisse, which showed that the only time stocks had negative returns was during a period when the ISM index was below 50 and declining. Currently, the ISM index is below 50 and declining.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/788e647b1c7934d08ed77150d34be80a\" alt=\"Richard Excell from Stay Vigilant [April 24, 2023]\" title=\"Richard Excell from Stay Vigilant [April 24, 2023]\" tg-width=\"443\" tg-height=\"317\"/><span>Richard Excell from Stay Vigilant [April 24, 2023]</span></p><p style=\"text-align: left;\">The stock market has been rallying likely because investors aren&#39;t as worried about inflation, which means the Federal Reserve would not have to raise interest rates. However, the odds of another Fed hike were increased to almost 90% in the last week or so, which is a shift from a month ago. The bond market still sees rate cuts in 2023, but it&#39;s uncertain if this will happen despite slower growth (the labor market is still strong and wage gains are positive, which the Fed is trying to combat).</p><p style=\"text-align: left;\">Tighter lending conditions of commercial banks and the subsequent refinancing of old low-interest household debt at new conditions are likely to put further pressure on margins and therefore lead to downward revisions of EPS in the medium term.</p><p style=\"text-align: left;\">At the same time, what has been driving the market higher and higher lately - the technology sector - is again about as expensive as it was before the problems with market liquidity, earnings erosions, and the exodus of money into money market funds began:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/618d2219f19ed23ae5f6e255c838ef4f\" alt=\"JP Morgan [April 27, 2023], proprietary source\" title=\"JP Morgan [April 27, 2023], proprietary source\" tg-width=\"640\" tg-height=\"334\"/><span>JP Morgan [April 27, 2023], proprietary source</span></p><p style=\"text-align: left;\">Crescat Capital Fund&#39;s equity model indicates that the growth fundamentals of major technology companies have declined considerably and do not justify their valuations, which are higher than the 2000 tech bubble peak:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3cc57c1a1a14da012dbce042d8c61013\" alt=\"Crescat Capital [April 26, 2023]\" title=\"Crescat Capital [April 26, 2023]\" tg-width=\"640\" tg-height=\"455\"/><span>Crescat Capital [April 26, 2023]</span></p><p style=\"text-align: left;\">What we are currently witnessing looks like a classic feast at the time of the plague - the only reason why people&#39;s greed is not at its peak is the fear of demand for junk bonds, if we refer to CNN&#39;s Fear &amp; Greed Index. The put-call option, the volatility, and the breadth of the stock market are all at the level of greed.</p><p style=\"text-align: left;\">Normally, fundamentals are linked to valuation when it comes to making a convincing case - I see a clear bear-case set-up right now in the SPY.</p><h2 style=\"text-align: left;\">Bottom Line</h2><p style=\"text-align: left;\">You are reading my 3rd bearish article on SPY since the beginning of 2023. The last time I linked the risk of a market fall with OPEC&#39;s decisions to cut production to support crude oil prices:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4b3f421c3f34174cfa0db5ecbdf9449\" alt=\"Seeking Alpha, my previous take on SPY\" title=\"Seeking Alpha, my previous take on SPY\" tg-width=\"640\" tg-height=\"356\"/><span>Seeking Alpha, my previous take on SPY</span></p><p style=\"text-align: left;\">However, as time has shown, the oil price could not sustain its unexpected upward breakout and rolled back to pre-announcement levels:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0018c80b92f42c6cf54d59396f5326c4\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"384\"/><span>Seeking Alpha</span></p><p style=\"text-align: left;\">Why did this happen? Because the oil demand most likely points to the signs I pointed out in my article today - ISM PMI continues to drop in real-time, which will likely be confirmed on May 1:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee1007457d47e890817a2a6cd2eb3eda\" alt=\"TradingEconomics.com, author&#39;s notes\" title=\"TradingEconomics.com, author&#39;s notes\" tg-width=\"640\" tg-height=\"518\"/><span>TradingEconomics.com, author&#39;s notes</span></p><p style=\"text-align: left;\">I expect the smart money to start taking profits in early May, when most companies in the S&amp;P 500 index report, as the bull market diverges sharply from its fundamentals and valuation. But as practice shows, timing is not always on my side. Moreover, perhaps all the fear has already been reflected in the index&#39;s momentum in 2022 - the bottom may be behind us. Keep these upside risks to my thesis in mind before making an investment decision based on the information I have provided in this article.</p><p style=\"text-align: left;\">Despite the risks to my bearish stance, I assume that if the US experiences a recession - the fair P/E multiple should be around 15x. Accounting for a potential 1.5% downward EPS revision, the implied SPY price would be significantly lower than the current levels:</p><blockquote>FY23 P/E * (EPS adjusted for a downward revision of 1.5%) = <strong>fair value</strong>15x * ($218.09 * 0.985) = <strong>$3222.23</strong></blockquote><p style=\"text-align: left;\">The resulting value is 21.9% lower than what I see on my screen at the time of this writing. I confirm my tactical &#34;Sell&#34; rating on SPY/SPX.</p><p><em>This article is written by </em><strong><em>Danil Sereda</em></strong><em> for reference only. Please note the risks.</em></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>SPY: \"Sell In May\" Should Work Again This Year?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSPY: \"Sell In May\" Should Work Again This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-29 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4597915-spy-sell-in-may-should-work-again-this-year><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe YTD return of the S&P 500 through April 26th was 5.13%, and the top 8 FAANG+MNT stocks contributed 5.57% to the overall return.The stock market has been rallying because investors aren't ...</p>\n\n<a href=\"https://seekingalpha.com/article/4597915-spy-sell-in-may-should-work-again-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4588":"碎股","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","BK4581":"高盛持仓","SPXU":"三倍做空标普500ETF","BK4504":"桥水持仓","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","SDS":"两倍做空标普500ETF","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓"},"source_url":"https://seekingalpha.com/article/4597915-spy-sell-in-may-should-work-again-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2331509993","content_text":"SummaryThe YTD return of the S&P 500 through April 26th was 5.13%, and the top 8 FAANG+MNT stocks contributed 5.57% to the overall return.The stock market has been rallying because investors aren't worried about inflation, which means the Federal Reserve would not have to raise interest rates, in my view.However, the odds of another Fed hike have increased to almost 90% in the last week or so, which is a shift from a month ago.The only time stocks had negative returns was during a period when the ISM index was below 50 and declining. Currently, the ISM index is below 50 and declining.Tech is now as expensive as it was before liquidity issues, earnings declines, and a shift to money market funds. I see a clear bear-case set-up right now in the SPY.gguy44Intro & ThesisEvents in the markets always move quickly - especially against the backdrop of a rather important reporting season, which so far is going exactly as priced in by the S&P 500 Index (NYSEARCA:SPY) (SPX) in the course of its growth of >8% from the March local bottom.Almost all of the major tech companies that have managed to report to date - Microsoft (MSFT), Google (GOOG) (GOOGL), Amazon (AMZN), and Meta (META) - have significantly beaten analysts' expectations or provided more positive guidance than initially expected. Their shares once again became the main driver of SPY growth and reinforced the general euphoria on the market. However, the technology sector is far from being the only one in the structure of the economy. Undoubtedly, 25.76% of the total SPY's structure is the largest chunk, but it is only a little more than 1/4. The remaining 3/4 are much more important in assessing what is really happening.Jim Bianco clearly demonstrates the \"illness\" of the current rally. The YTD return of the S&P 500 through April 26th was 5.13%, and the top 8 FAANG+MNT stocks contributed 5.57% to the overall return. So the remaining 492 stocks collectively dragged the S&P 500 lower by -0.44%. The crowd points to the stock market's price action and says that the economy is good as the main index is up more than 5% this year, but the negative contribution of the \"other 492\" stocks raises actual concerns.Chart by @biancoresearch [Twitter]I do not like those who are always shouting about the approaching Armageddon, but perhaps I am gradually becoming such an analyst. From many of the criteria I see in the market today, I believe investors are paying an inordinate amount for the current SPY rally, and the structure of the new uptick itself is only explained by the temporary recovery success of 8 out of the 500 companies.May is upon us, and historically, many managers close out their positions and lock in some profit to come back after Summer. I see 2023 being no exception to this long-term trend. I reiterate my previously issued \"Sell\" rating on SPY and remain on the contrarian side of the game.Sell In May And Go Away StatsThe thesis that you should sell stocks in May originated a very long time ago. Many researchers have tried to study this phenomenon, and the statistical results speak for themselves - this effect is indeed the case, even though the media keeps trying to disprove it every year.The three worst days for performance in stock market history occurred in October, two of which were during the crash of 1929, and the other was the 1987 Black Monday crash.From 1990 to 2022, the S&P 500 has returned about 2% from May through October, while November through April has averaged about 7%.A 1998 study on SSRN found that the selling in May and staying away through October held in 36 out of 37 developed and emerging market economies from 1970-1998.A 2013 publication in the Financial Analysts Journal noted that selling in May persisted from 1998 to 2012.The period of 2013 to today has not been as consistent, especially considering the sharp reversal of the trend in 2020, when the S&P 500 index jumped 46% in price from March 23 to November 1, 2020.Source: Seeking Alpha EducationThe last point suggests why this effect lost significance at some point - the colossal growth of the market after the pandemic shifted the sample observations and broke the usual pattern. I do not think it's a mystery to anyone why the market grew so much at that point:Data by YChartsHowever, the Federal Reserve can't just go on today and keep printing money as it has been doing. There are too many nuances that have to be taken into account.Debt And Liquidity IssuesThe M2 money supply remains higher than pre-2020 levels, but the Federal Reserve probably realized it can't solve economic problems just by printing money. Since early 2022, they have been gradually destroying base money to control price inflation through quantitative tightening [QT], which harmed financial assets [you could see that throughout 2022]. In March 2023, the banking crisis forced the Fed to provide loans to banks while also destroying base money, resulting in a temporary increase in liquidity [now they're doing QT again]. By the way, the Treasury General Account [TGA] - the general checking account, that the Department of the Treasury uses and from which the U.S. government makes all of its official payments - has been drawing down since September 2022, which is positive for financial system liquidity, and overall domestic liquidity has been relatively flat as the Fed and TGA offset each other. What may change going forward?The U.S. Treasury Department could run out of ways to pay its bills in a matter of weeks if Congress fails to act, and financial markets are already flashing warning signs, Reuters reported on April 27, 2023. Indeed, the smart money is moving into the 1-month bill and quickly exiting the 3-month bills, considered by many to be the maturity most likely to be in the eye of the debt ceiling storm. Lower-than-expected tax revenues have pushed forward expectations of when the U.S. might face a default. Credit default swaps on the U.S. are more expensive than ever, according to Seeking Alpha News.Tilo Marotz, LinkedInOn April 27, the U.S. House of Representatives passed a bill to raise the government's debt ceiling with sweeping spending cuts over the next decade. However, the bill is not expected to pass the Senate and President Joe Biden would veto it if it did. The mostly partisan 217-215 vote is a win for Republican House Speaker Kevin McCarthy and could ease concerns among investors and markets about the issue.Since 1960, Congress has raised or suspended the debt ceiling 78 times, including 29 times under Democratic presidents and 49 times under Republican presidents. Therefore, it is only a matter of time before the current ceiling is raised again. Importantly for us, however, once the debt ceiling is raised, the Treasury will be legally able to raise its general account back to the target level (negatively impacting liquidity when this happens) as the Federal Reserve continues to drain liquidity from the system (also negatively impacting liquidity), according to Lyn Alden Schwartzer [proprietary source].So May and June promise to be quite difficult for SPY in terms of liquidity and further growth of the \"debt risk\" - the way the index is behaving now, based on the factual past performance of a small sample of tech companies, seems to me to be too optimistic.Fundamentals Meet Valuation - Both NegativeFor many months in a row, inflation remained on the agenda, moving the market in different directions. This is not surprising, as it has not shown similar growth dynamics [2021-2022] over the past few decades. Recently, however, the problem of inflation is no longer acute - it is cooling, perhaps not to the Fed's target, but it has done a good job so far. The only question is at what cost the Fed has achieved its goal? Richard Excell from Stay Vigilant points to the fact that the U.S. ISM PMI is in the -20 range, which has indicated recessions in the past:Richard Excell from Stay Vigilant [April 24, 2023]Richard cited a chart from Credit Suisse, which showed that the only time stocks had negative returns was during a period when the ISM index was below 50 and declining. Currently, the ISM index is below 50 and declining.Richard Excell from Stay Vigilant [April 24, 2023]The stock market has been rallying likely because investors aren't as worried about inflation, which means the Federal Reserve would not have to raise interest rates. However, the odds of another Fed hike were increased to almost 90% in the last week or so, which is a shift from a month ago. The bond market still sees rate cuts in 2023, but it's uncertain if this will happen despite slower growth (the labor market is still strong and wage gains are positive, which the Fed is trying to combat).Tighter lending conditions of commercial banks and the subsequent refinancing of old low-interest household debt at new conditions are likely to put further pressure on margins and therefore lead to downward revisions of EPS in the medium term.At the same time, what has been driving the market higher and higher lately - the technology sector - is again about as expensive as it was before the problems with market liquidity, earnings erosions, and the exodus of money into money market funds began:JP Morgan [April 27, 2023], proprietary sourceCrescat Capital Fund's equity model indicates that the growth fundamentals of major technology companies have declined considerably and do not justify their valuations, which are higher than the 2000 tech bubble peak:Crescat Capital [April 26, 2023]What we are currently witnessing looks like a classic feast at the time of the plague - the only reason why people's greed is not at its peak is the fear of demand for junk bonds, if we refer to CNN's Fear & Greed Index. The put-call option, the volatility, and the breadth of the stock market are all at the level of greed.Normally, fundamentals are linked to valuation when it comes to making a convincing case - I see a clear bear-case set-up right now in the SPY.Bottom LineYou are reading my 3rd bearish article on SPY since the beginning of 2023. The last time I linked the risk of a market fall with OPEC's decisions to cut production to support crude oil prices:Seeking Alpha, my previous take on SPYHowever, as time has shown, the oil price could not sustain its unexpected upward breakout and rolled back to pre-announcement levels:Seeking AlphaWhy did this happen? Because the oil demand most likely points to the signs I pointed out in my article today - ISM PMI continues to drop in real-time, which will likely be confirmed on May 1:TradingEconomics.com, author's notesI expect the smart money to start taking profits in early May, when most companies in the S&P 500 index report, as the bull market diverges sharply from its fundamentals and valuation. But as practice shows, timing is not always on my side. Moreover, perhaps all the fear has already been reflected in the index's momentum in 2022 - the bottom may be behind us. Keep these upside risks to my thesis in mind before making an investment decision based on the information I have provided in this article.Despite the risks to my bearish stance, I assume that if the US experiences a recession - the fair P/E multiple should be around 15x. Accounting for a potential 1.5% downward EPS revision, the implied SPY price would be significantly lower than the current levels:FY23 P/E * (EPS adjusted for a downward revision of 1.5%) = fair value15x * ($218.09 * 0.985) = $3222.23The resulting value is 21.9% lower than what I see on my screen at the time of this writing. I confirm my tactical \"Sell\" rating on SPY/SPX.This article is written by Danil Sereda for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":738,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947803831,"gmtCreate":1682753927124,"gmtModify":1682753934871,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9947803831","repostId":"1105388171","repostType":2,"repost":{"id":"1105388171","kind":"news","pubTimestamp":1682735400,"share":"https://ttm.financial/m/news/1105388171?lang=&edition=fundamental","pubTime":"2023-04-29 10:30","market":"us","language":"en","title":"First Republic’s Fate Uncertain After Stock’s Harrowing Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1105388171","media":"Bloomberg","summary":"Some senior FDIC officials expect bank to keep seeking a dealMeanwhile, larger banks are preparing f","content":"<html><head></head><body><ul><li><p>Some senior FDIC officials expect bank to keep seeking a deal</p></li><li><p>Meanwhile, larger banks are preparing for a potential seizure</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a728a569719ed45a4ef5d1a57fe847ed\" alt=\"A First Republic Bank branch in New York.  Photographer: Stephanie Keith/Bloomberg\" title=\"A First Republic Bank branch in New York.  Photographer: Stephanie Keith/Bloomberg\" tg-width=\"1000\" tg-height=\"667\"/><span>A First Republic Bank branch in New York.  Photographer: Stephanie Keith/Bloomberg</span></p><p style=\"text-align: start;\">First Republic Bank’s week of harrowing stock drops and urgent work toward a deal to shore up its balance sheet ended with the lender’s fate in limbo.</p><p style=\"text-align: start;\">The Federal Deposit Insurance Corp., keeping tabs on the bank’s deposits and funding, hasn’t reached a decision on intervening at the troubled lender, according to people with direct knowledge of the matter. Some senior officials there expect the firm’s management will continue pursuing talks for a private-sector deal to bolster its finances.</p><p style=\"text-align: start;\">Still, the FDIC’s position could change if there’s an unforeseen development.</p><p style=\"text-align: start;\">Meanwhile, larger lenders have started preparing for the possibility that the government seizes First Republic and asks them to bid on the bank or its assets, people close to the situation said, asking not to be named describing confidential preparations. While banks have been reluctant to put up money to rescue the firm in recent days, some are keen to make offers if it’s auctioned.</p><p>JPMorgan Chase &amp; Co. and PNC Financial Services Group Inc. are among the big banks vying to buy First Republic in a deal that would come after a government seizure, the Wall Street Journal reported late Friday, citing people with knowledge of the matter. A seizure could take place as soon as this weekend, the newspaper said.  </p><p style=\"text-align: start;\">A spokesperson for the FDIC said late Friday that the agency doesn’t comment on “operating institutions.” Representatives for California’s banking regulator, which would take the lead in deciding whether the San Francisco-based lender has failed, didn’t respond to requests for comment.</p><p style=\"text-align: start;\">“We are engaged in discussions with multiple parties about our strategic options while continuing to serve our clients,” a spokesperson for First Republic said in a statement at the close of regular business in California.</p><p style=\"text-align: start;\">The company’s stock plunged by more than half at one point on Friday amid renewed concern that the FDIC might seize the bank. A few proposals for an industry-led rescue have surfaced in recent days. But they have yet to yield any deal.</p><p style=\"text-align: start;\">With the stock down 97% this year, bankers and regulators have been stuck in a standoff, with both sides seeking to avoid steep losses and hoping the other will handle the troubled firm. </p><p style=\"text-align: start;\">A group of 11 banks that deposited $30 billion into First Republic last month to give it time to find a solution have proved reluctant to invest in the firm itself, even if that means they might lose some cash in their accounts. Some stronger firms are waiting for the government to offer aid or put the bank in receivership, a resolution they view as cleaner — and potentially ending with a sale of business lines or assets at attractive prices.</p><p style=\"text-align: start;\">But receivership is an outcome the FDIC would prefer to avoid in part because of the multibillion-dollar hit to its own deposit insurance fund. The agency is already planning to impose a special assessment on the industry to cover the cost of Silicon Valley Bank and Signature Bank’s failures last month.</p><p style=\"text-align: start;\">Weighing on First Republic’s balance sheet is a mountain of low-interest loans, including an unusually large portfolio of jumbo mortgages to wealthy clients. Such debts have lost value amid interest-rate hikes.</p><p>The collapse of SVB in March stoked concerns about the soundness of regional lenders with such holdings, prompting wealthy depositors and businesses with uninsured deposits to yank their money. First Republic was left paying more for funding than it earns on many of its assets.</p><p style=\"text-align: start;\">Still, the bank’s executives emphasized in an earnings report this week, the firm has ample cash reserves to continue meeting clients’ needs.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Republic’s Fate Uncertain After Stock’s Harrowing Drop</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\">\nFirst Republic’s Fate Uncertain After Stock’s Harrowing Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-29 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-04-29/first-republic-s-fate-uncertain-after-stock-s-harrowing-tumble?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some senior FDIC officials expect bank to keep seeking a dealMeanwhile, larger banks are preparing for a potential seizureA First Republic Bank branch in New York.  Photographer: Stephanie Keith/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-04-29/first-republic-s-fate-uncertain-after-stock-s-harrowing-tumble?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FRCB":"第一共和银行"},"source_url":"https://www.bloomberg.com/news/articles/2023-04-29/first-republic-s-fate-uncertain-after-stock-s-harrowing-tumble?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105388171","content_text":"Some senior FDIC officials expect bank to keep seeking a dealMeanwhile, larger banks are preparing for a potential seizureA First Republic Bank branch in New York.  Photographer: Stephanie Keith/BloombergFirst Republic Bank’s week of harrowing stock drops and urgent work toward a deal to shore up its balance sheet ended with the lender’s fate in limbo.The Federal Deposit Insurance Corp., keeping tabs on the bank’s deposits and funding, hasn’t reached a decision on intervening at the troubled lender, according to people with direct knowledge of the matter. Some senior officials there expect the firm’s management will continue pursuing talks for a private-sector deal to bolster its finances.Still, the FDIC’s position could change if there’s an unforeseen development.Meanwhile, larger lenders have started preparing for the possibility that the government seizes First Republic and asks them to bid on the bank or its assets, people close to the situation said, asking not to be named describing confidential preparations. While banks have been reluctant to put up money to rescue the firm in recent days, some are keen to make offers if it’s auctioned.JPMorgan Chase & Co. and PNC Financial Services Group Inc. are among the big banks vying to buy First Republic in a deal that would come after a government seizure, the Wall Street Journal reported late Friday, citing people with knowledge of the matter. A seizure could take place as soon as this weekend, the newspaper said.  A spokesperson for the FDIC said late Friday that the agency doesn’t comment on “operating institutions.” Representatives for California’s banking regulator, which would take the lead in deciding whether the San Francisco-based lender has failed, didn’t respond to requests for comment.“We are engaged in discussions with multiple parties about our strategic options while continuing to serve our clients,” a spokesperson for First Republic said in a statement at the close of regular business in California.The company’s stock plunged by more than half at one point on Friday amid renewed concern that the FDIC might seize the bank. A few proposals for an industry-led rescue have surfaced in recent days. But they have yet to yield any deal.With the stock down 97% this year, bankers and regulators have been stuck in a standoff, with both sides seeking to avoid steep losses and hoping the other will handle the troubled firm. A group of 11 banks that deposited $30 billion into First Republic last month to give it time to find a solution have proved reluctant to invest in the firm itself, even if that means they might lose some cash in their accounts. Some stronger firms are waiting for the government to offer aid or put the bank in receivership, a resolution they view as cleaner — and potentially ending with a sale of business lines or assets at attractive prices.But receivership is an outcome the FDIC would prefer to avoid in part because of the multibillion-dollar hit to its own deposit insurance fund. The agency is already planning to impose a special assessment on the industry to cover the cost of Silicon Valley Bank and Signature Bank’s failures last month.Weighing on First Republic’s balance sheet is a mountain of low-interest loans, including an unusually large portfolio of jumbo mortgages to wealthy clients. Such debts have lost value amid interest-rate hikes.The collapse of SVB in March stoked concerns about the soundness of regional lenders with such holdings, prompting wealthy depositors and businesses with uninsured deposits to yank their money. First Republic was left paying more for funding than it earns on many of its assets.Still, the bank’s executives emphasized in an earnings report this week, the firm has ample cash reserves to continue meeting clients’ needs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947118099,"gmtCreate":1682665358611,"gmtModify":1682665362730,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947118099","repostId":"1177186065","repostType":2,"repost":{"id":"1177186065","kind":"news","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":1682663121,"share":"https://ttm.financial/m/news/1177186065?lang=&edition=fundamental","pubTime":"2023-04-28 14:25","market":"us","language":"en","title":"Sony Posts Record Annual Profit Driven By Chip, Music Units","url":"https://stock-news.laohu8.com/highlight/detail?id=1177186065","media":"Reuters","summary":"TOKYO, April 28 (Reuters) - Sony Group Corp on Friday posted a record annual profit due to strong pe","content":"<html><head></head><body><p>TOKYO, April 28 (Reuters) - Sony Group Corp on Friday posted a record annual profit due to strong performance at its music and microchip units, but the company predicted a smaller profit for the year to next March.</p><p style=\"text-align: start;\">Operating profit at the Japanese electronics and entertainment conglomerate came to 1.21 trillion yen ($8.96 billion) for the year ended March 31, up 0.5% on the year.</p><p style=\"text-align: start;\">For the current business year, Sony expects its operating profit to fall 3.2% to 1.17 trillion yen. That compares with analysts&#39; average estimate of a 1.275 trillion yen profit, according to Refinitiv data.</p><p>Sony, which competes with Xbox maker Microsoft Corp and Switch provider Nintendo Co Ltd, sold 19.1 million units of the PlayStation 5 (PS5) videogame machine in the past business year, up from 11.5 million a year earlier.</p><p style=\"text-align: start;\">Sony struggled to meet PS5 demand earlier in the previous business year due to supply chain problems, but managed to boost console output later as parts supply improved.</p><p style=\"text-align: start;\">($1 = 135.0400 yen)</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>Sony Posts Record Annual Profit Driven By Chip, Music Units</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\">\nSony Posts Record Annual Profit Driven By Chip, Music Units\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-04-28 14:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>TOKYO, April 28 (Reuters) - Sony Group Corp on Friday posted a record annual profit due to strong performance at its music and microchip units, but the company predicted a smaller profit for the year to next March.</p><p style=\"text-align: start;\">Operating profit at the Japanese electronics and entertainment conglomerate came to 1.21 trillion yen ($8.96 billion) for the year ended March 31, up 0.5% on the year.</p><p style=\"text-align: start;\">For the current business year, Sony expects its operating profit to fall 3.2% to 1.17 trillion yen. That compares with analysts&#39; average estimate of a 1.275 trillion yen profit, according to Refinitiv data.</p><p>Sony, which competes with Xbox maker Microsoft Corp and Switch provider Nintendo Co Ltd, sold 19.1 million units of the PlayStation 5 (PS5) videogame machine in the past business year, up from 11.5 million a year earlier.</p><p style=\"text-align: start;\">Sony struggled to meet PS5 demand earlier in the previous business year due to supply chain problems, but managed to boost console output later as parts supply improved.</p><p style=\"text-align: start;\">($1 = 135.0400 yen)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SONY":"索尼"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177186065","content_text":"TOKYO, April 28 (Reuters) - Sony Group Corp on Friday posted a record annual profit due to strong performance at its music and microchip units, but the company predicted a smaller profit for the year to next March.Operating profit at the Japanese electronics and entertainment conglomerate came to 1.21 trillion yen ($8.96 billion) for the year ended March 31, up 0.5% on the year.For the current business year, Sony expects its operating profit to fall 3.2% to 1.17 trillion yen. That compares with analysts' average estimate of a 1.275 trillion yen profit, according to Refinitiv data.Sony, which competes with Xbox maker Microsoft Corp and Switch provider Nintendo Co Ltd, sold 19.1 million units of the PlayStation 5 (PS5) videogame machine in the past business year, up from 11.5 million a year earlier.Sony struggled to meet PS5 demand earlier in the previous business year due to supply chain problems, but managed to boost console output later as parts supply improved.($1 = 135.0400 yen)","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947094036,"gmtCreate":1682326908725,"gmtModify":1682326913148,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947094036","repostId":"2329231430","repostType":2,"repost":{"id":"2329231430","kind":"highlight","pubTimestamp":1682349633,"share":"https://ttm.financial/m/news/2329231430?lang=&edition=fundamental","pubTime":"2023-04-24 23:20","market":"us","language":"en","title":"These 3 Hot Tech Names Could Be Trillion-Dollar Stocks by 2030","url":"https://stock-news.laohu8.com/highlight/detail?id=2329231430","media":"Motley Fool","summary":"Leading products and friendly tailwinds could drive these tech heavyweights to new heights.","content":"<html><head></head><body><p>The stock market generally marches higher over time, but the circle of trillion-dollar stocks is still pretty exclusive, an honor just a few companies enjoy. However, that club should grow larger over time -- the trillion-dollar question is which companies will hit that milestone.</p><p>Three Fools have sifted the market for some proven winners with the upside potential for years of growth, making them excellent candidates for a long-term portfolio. Here is why <a href=\"https://laohu8.com/S/NVDA\">Nvidia </a>, <a href=\"https://laohu8.com/S/ASML\">ASML Holding </a>, and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> could deliver handsome returns over the next decade.</p><h2>With a $685 billion market cap, Nvidia is already within striking distance of the $1 trillion club</h2><p><strong>Jake Lerch (Nvidia):</strong> Ten years ago, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s market cap stood at just over $7 billion. Today, it&#39;s more than $685 billion. What&#39;s behind the nearly 100x increase in value? In short, Nvidia is one of the driving forces behind today&#39;s -- <em>and tomorrow&#39;s</em> -- cutting-edge technology.</p><p>Nvidia&#39;s graphics and mobile processors have already found a home in PCs, gaming devices, workstations, data centers, and mobile devices. There is, however, so much more room to grow.</p><p>Secular growth trends, such as artificial intelligence (AI), autonomous driving, and cloud computing, will keep Nvidia&#39;s products in high demand for years to come. After all, Nvidia&#39;s chips are often the brain behind the coolest new feature or device -- whether that&#39;s better graphics on a gaming console, a smarter AI, or an innovative safety feature in an automobile.</p><p>And that&#39;s part of why Wall Street analysts remain so bullish on Nvidia. Despite having grown revenue at an average rate of 24% over the last 10 years, analysts expect the blistering growth to persist, with 11.5% revenue growth for this year and 24.5% the year after.</p><p>With that type of growth, it&#39;s reasonable to think Nvidia&#39;s stock could easily rise 50% from its current level. That would bring the company&#39;s overall market cap to $1.027 trillion -- joining the likes of <strong>Apple</strong>, <strong>Microsoft</strong>, <strong>Alphabet</strong>, and <strong>Amazon</strong> in the Trillion dollar club.</p><h2>Don&#39;t count out this &#34;unknown&#34; tech giant</h2><p><strong>Will Healy</strong> <strong>(ASML): </strong>Given the hype surrounding better-known semiconductor stocks, Netherlands-based <a href=\"https://laohu8.com/S/ASML\">ASML</a> describes itself as the &#34;most important tech company you&#39;ve never heard of&#34; due to its role in the chip industry.</p><p>It leads its industry in extreme ultraviolet lithography (EUV), the technology that powers the world&#39;s most advanced chip manufacturing processes. Companies like <a href=\"https://laohu8.com/S/TSMC\">Taiwan Semiconductor</a> and Samsung cannot produce their most powerful chips without ASML&#39;s EUV technology, giving ASML a competitive advantage over peers such as <strong>Lam Research</strong> and <strong>Applied Materials</strong>.</p><p>At a market cap of just over $250 billion, it will have to double in value twice over the next seven years for its market cap to reach $1 trillion. However, TSMC, Samsung, and <strong>Intel</strong> have pledged hundreds of billions of dollars to construct additional fabs to power the latest technology and diversify the manufacturing base away from Taiwan.</p><p>Due to this rising demand for EUV machines, the company expects annual revenue to grow to between 44 billion euros and 60 billion euros ($48 billion to $66 billion) by 2030. This means considerable growth compared to the 21 billion euros ($23 billion) in revenue ASML generated in 2022. Still, the 6.7 billion euros ($7.4 billion) in revenue for the first quarter of 2023 indicates it is well on its way to meeting that 2030 revenue goal.</p><p>Moreover, ASML earned 5.6 billion euros ($6.2 billion) in 2022, more than double the 2.6 billion euros ($2.8 billion) in 2018. The increase in gross margins from 46% to 50.5% during that time considerably boosted its profits, and a 50.6% gross margin in Q1 2023 indicates margin expansions are continuing. Additionally, for 2030, ASML predicts gross margins will rise to the 56% to 60% range, increasing the chances it will double its income at the same or possibly a heightened pace.</p><p>This is significant because doubling its income twice would take its annual earnings to approximately 22 billion euros, or $24 billion, in 2030. At that income level, it must reach a price-to-earnings (P/E) ratio of 42 to attain a $1 trillion market cap. Fortunately for ASML, it now sells for 42 times its earnings, and its P/E ratio often exceeded 50 during the most recent bull market.</p><p>Admittedly, a lot can happen in seven years. But as conditions stand now, rising chip demand means the world needs more of ASML&#39;s technology. If the company can maintain its income growth and valuation until 2030, $1 trillion is within reach.</p><h2>Meta&#39;s ruthless efficiency is good news for your portfolio</h2><p><strong>Justin Pope (Meta Platforms)</strong>: Remember when Wall Street declared <a href=\"https://laohu8.com/S/META\">Meta</a>&#39;s golden years were over? That Mark Zuckerberg had lost his touch, spending billions on his metaverse projects? You don&#39;t hear that anymore now that shares have risen nearly 80% since the start of 2023. The good news is that Meta isn&#39;t delivering flukey returns. Instead, the market is celebrating the company&#39;s decision to tighten spending, cut costs, and squeeze profits from its dominant family of social media apps.</p><p>Meta has announced multiple rounds of layoffs, shedding roughly 25,000 jobs across three rounds of cuts. The job cuts, combined with some spending reductions, should lower Meta&#39;s total 2023 expenses to $89 billion to $95 billion from $94 billion to $100 billion. While you shouldn&#39;t want Meta going too far and suffocating innovation, it acknowledges that the company had grown bloated.</p><p>This sets the stage for Meta&#39;s family of apps to continue raking in big profits. Monthly users across Facebook, Instagram, and WhatsApp continue growing, increasing 4% year over year in Q4 to 3.74 billion. Political pressure on TikTok has proven a tailwind for Meta&#39;s short-term video product -- Reels activity more than doubled from 2021 to 2022.</p><p>Social media looks like it&#39;s going nowhere, which could continue driving steady earnings growth for Meta. A rebound in Meta&#39;s ad business, continued user growth, monetization from Reels, and future innovations can help grow the bottom line.</p><p>With a market cap of over $500 billion, Meta must double its earnings-per-share (EPS) by 2030 and hold its valuation (which remains very reasonable) to hit a trillion-dollar market cap. Analysts expect nearly 11% annual EPS growth over the next three to five years, so Meta has a very realistic shot of delivering for shareholders.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Hot Tech Names Could Be Trillion-Dollar Stocks by 2030</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 3 Hot Tech Names Could Be Trillion-Dollar Stocks by 2030\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-24 23:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/04/23/these-3-hot-tech-names-could-be-trillion-dollar-st/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market generally marches higher over time, but the circle of trillion-dollar stocks is still pretty exclusive, an honor just a few companies enjoy. However, that club should grow larger over...</p>\n\n<a href=\"https://www.fool.com/investing/2023/04/23/these-3-hot-tech-names-could-be-trillion-dollar-st/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","NVDA":"英伟达","META":"Meta Platforms, Inc."},"source_url":"https://www.fool.com/investing/2023/04/23/these-3-hot-tech-names-could-be-trillion-dollar-st/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2329231430","content_text":"The stock market generally marches higher over time, but the circle of trillion-dollar stocks is still pretty exclusive, an honor just a few companies enjoy. However, that club should grow larger over time -- the trillion-dollar question is which companies will hit that milestone.Three Fools have sifted the market for some proven winners with the upside potential for years of growth, making them excellent candidates for a long-term portfolio. Here is why Nvidia , ASML Holding , and Meta Platforms could deliver handsome returns over the next decade.With a $685 billion market cap, Nvidia is already within striking distance of the $1 trillion clubJake Lerch (Nvidia): Ten years ago, Nvidia's market cap stood at just over $7 billion. Today, it's more than $685 billion. What's behind the nearly 100x increase in value? In short, Nvidia is one of the driving forces behind today's -- and tomorrow's -- cutting-edge technology.Nvidia's graphics and mobile processors have already found a home in PCs, gaming devices, workstations, data centers, and mobile devices. There is, however, so much more room to grow.Secular growth trends, such as artificial intelligence (AI), autonomous driving, and cloud computing, will keep Nvidia's products in high demand for years to come. After all, Nvidia's chips are often the brain behind the coolest new feature or device -- whether that's better graphics on a gaming console, a smarter AI, or an innovative safety feature in an automobile.And that's part of why Wall Street analysts remain so bullish on Nvidia. Despite having grown revenue at an average rate of 24% over the last 10 years, analysts expect the blistering growth to persist, with 11.5% revenue growth for this year and 24.5% the year after.With that type of growth, it's reasonable to think Nvidia's stock could easily rise 50% from its current level. That would bring the company's overall market cap to $1.027 trillion -- joining the likes of Apple, Microsoft, Alphabet, and Amazon in the Trillion dollar club.Don't count out this \"unknown\" tech giantWill Healy (ASML): Given the hype surrounding better-known semiconductor stocks, Netherlands-based ASML describes itself as the \"most important tech company you've never heard of\" due to its role in the chip industry.It leads its industry in extreme ultraviolet lithography (EUV), the technology that powers the world's most advanced chip manufacturing processes. Companies like Taiwan Semiconductor and Samsung cannot produce their most powerful chips without ASML's EUV technology, giving ASML a competitive advantage over peers such as Lam Research and Applied Materials.At a market cap of just over $250 billion, it will have to double in value twice over the next seven years for its market cap to reach $1 trillion. However, TSMC, Samsung, and Intel have pledged hundreds of billions of dollars to construct additional fabs to power the latest technology and diversify the manufacturing base away from Taiwan.Due to this rising demand for EUV machines, the company expects annual revenue to grow to between 44 billion euros and 60 billion euros ($48 billion to $66 billion) by 2030. This means considerable growth compared to the 21 billion euros ($23 billion) in revenue ASML generated in 2022. Still, the 6.7 billion euros ($7.4 billion) in revenue for the first quarter of 2023 indicates it is well on its way to meeting that 2030 revenue goal.Moreover, ASML earned 5.6 billion euros ($6.2 billion) in 2022, more than double the 2.6 billion euros ($2.8 billion) in 2018. The increase in gross margins from 46% to 50.5% during that time considerably boosted its profits, and a 50.6% gross margin in Q1 2023 indicates margin expansions are continuing. Additionally, for 2030, ASML predicts gross margins will rise to the 56% to 60% range, increasing the chances it will double its income at the same or possibly a heightened pace.This is significant because doubling its income twice would take its annual earnings to approximately 22 billion euros, or $24 billion, in 2030. At that income level, it must reach a price-to-earnings (P/E) ratio of 42 to attain a $1 trillion market cap. Fortunately for ASML, it now sells for 42 times its earnings, and its P/E ratio often exceeded 50 during the most recent bull market.Admittedly, a lot can happen in seven years. But as conditions stand now, rising chip demand means the world needs more of ASML's technology. If the company can maintain its income growth and valuation until 2030, $1 trillion is within reach.Meta's ruthless efficiency is good news for your portfolioJustin Pope (Meta Platforms): Remember when Wall Street declared Meta's golden years were over? That Mark Zuckerberg had lost his touch, spending billions on his metaverse projects? You don't hear that anymore now that shares have risen nearly 80% since the start of 2023. The good news is that Meta isn't delivering flukey returns. Instead, the market is celebrating the company's decision to tighten spending, cut costs, and squeeze profits from its dominant family of social media apps.Meta has announced multiple rounds of layoffs, shedding roughly 25,000 jobs across three rounds of cuts. The job cuts, combined with some spending reductions, should lower Meta's total 2023 expenses to $89 billion to $95 billion from $94 billion to $100 billion. While you shouldn't want Meta going too far and suffocating innovation, it acknowledges that the company had grown bloated.This sets the stage for Meta's family of apps to continue raking in big profits. Monthly users across Facebook, Instagram, and WhatsApp continue growing, increasing 4% year over year in Q4 to 3.74 billion. Political pressure on TikTok has proven a tailwind for Meta's short-term video product -- Reels activity more than doubled from 2021 to 2022.Social media looks like it's going nowhere, which could continue driving steady earnings growth for Meta. A rebound in Meta's ad business, continued user growth, monetization from Reels, and future innovations can help grow the bottom line.With a market cap of over $500 billion, Meta must double its earnings-per-share (EPS) by 2030 and hold its valuation (which remains very reasonable) to hit a trillion-dollar market cap. Analysts expect nearly 11% annual EPS growth over the next three to five years, so Meta has a very realistic shot of delivering for shareholders.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944471587,"gmtCreate":1682065853949,"gmtModify":1682065857459,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944471587","repostId":"2328690743","repostType":4,"repost":{"id":"2328690743","kind":"highlight","pubTimestamp":1682057363,"share":"https://ttm.financial/m/news/2328690743?lang=&edition=fundamental","pubTime":"2023-04-21 14:09","market":"us","language":"en","title":"3 Reasons Netflix Profits Will Soar This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2328690743","media":"Motley Fool","summary":"The streaming giant pointed to positive progress on three key initiatives.","content":"<html><head></head><body><p><strong>Netflix</strong> reported first-quarter earnings this week, and the market didn&#39;t appear to love the results. Shares were down 3.2% the following day.</p><p>While the streaming-giant&#39;s profit came in above expectations, top-line revenue came in slightly below, at 3.7% growth. Of note, foreign exchange hurt both revenue and profit margins. Growth would have been 8% ex-currency movements, and operating margins would have been higher.</p><p>Still, investors should view Netflix in a different way now. Whereas the company used to be a high-growth stock that traded based on subscriber and revenue growth, it&#39;s now transitioning to a moderate-growth but higher-profit company.</p><p>On the bright side, Netflix&#39;s bottom line could show an explosion of profitability in the year ahead. While the transition may be rocky, three big initiatives are kicking in this year that should lead to higher profit margins in 2023 and beyond.  </p><h2>1. Advertising could be insanely profitable</h2><p>First, Netflix just rolled out its ad-supported tier in the fall of 2022. Fortunately, early signs point to this being a really good move by management.</p><p>In the first quarter, management noted engagement in the ad-supported tier was above company expectations. Even better, most of the ad-supported viewing is in incremental accounts, with &#34;very little&#34; switching from premium to ad-supported tiers.</p><p>Perhaps more importantly, the monetization from ads is looking up. In the U.S., average revenue per member (ARM) for the ad-supported tier, including both the lower subscription and ad revenue combined, exceeded that of subscription-only plans. Right now, Netflix only has its &#34;basic&#34; plans in 780p resolution qualifying for ad support, but since ads are going so successfully, Netflix is going to expand ads to 1080p resolution plans, too.</p><p>CFO Spencer Neumann said on the conference call that advertising adds an incremental 50% margin profit right now on top of subscriptions. Margin should go higher as Netflix builds out more programmatic advertising capabilities in tandem with its ad-tech partners and scales further.</p><p>Given the incremental and high-margin nature of ad revenue, the rise of ad-supported tiers at Netflix should be very good for profitability.</p><h2>2. Paid account sharing</h2><p>As some may have heard, Netflix is finally cracking down on password sharing among its customers. But rather than the wholesale cancellations of subscriptions for any member outside the household, Netflix has devised a way to meet its customers halfway.</p><p>The company has tested a &#34;paid sharing&#34; feature in four countries last quarter, including Canada, New Zealand, Spain, and Portugal, after initially testing the feature in Latin America. The concept works exactly like it sounds: Existing Netflix subscribers can now add two people outside the household to an account for an incremental fee that&#39;s not as high as a regular subscription.</p><p>In Canada and New Zealand, the fee was $7.99 for two accounts, 3.99 euros in Portugal and 5.99 euros in Spain. The concept is not unlike adding members to a credit card account for a lower annual fee.</p><p>Management noted that when the plans were initially offered, engagement went down as some subscribers fell off accounts. However, in a short amount of time, those prior account &#34;borrowers&#34; were either added back as paid shared additions or became new subscribers themselves. In the end, Netflix netted out a greater amount of paid subscription revenue after the initial drop.</p><p>In the Q1 shareholder letter, management gave an encouraging preview for this feature, which will be rolled out to the U.S. in the second quarter. They wrote: &#34;[I]n Canada, which we believe is a reliable predictor for the US, our paid membership base is now larger than prior to the launch of paid sharing and revenue growth has accelerated and is now growing faster than in the US.&#34;</p><p>Paid sharing should add virtually costless revenue to Netflix&#39;s results as paid additions are rolled out in the U.S. this quarter, further benefiting the bottom line.</p><h2>3. Lowered content spend, and an upgrade to investment grade </h2><p>Finally, management also noted it would be spending a bit less on content this year than the $17 billion it had initially projected last quarter. And now that the company is generating greater operating profits and free cash flow, <strong>Moody&#39;s</strong> upgraded the company&#39;s debt in the first quarter to Baa3, giving Netflix an official &#34;investment grade&#34; rating by a majority of leading ratings agencies.</p><p>Netflix will now have lower interest expenses when refinancing debt. When combined with management&#39;s controlled content spending in line with revenue growth, both initiatives should incrementally benefit the company&#39;s bottom line.</p><h2>Netflix is now a bottom-line company</h2><p>Netflix used to be a revenue-focused growth company, but investors should now look more evenly at the company&#39;s top and bottom lines. It forecasts operating margin to expand to 18%-20% this year, up from 17.8% last year, and for $3.5 billion in free cash flow, relative to $1.6 billion in 2022.</p><p>As the effects of ad-supported tiers, paid account sharing, and lower interest costs kick in, investors should expect margins to expand well beyond this year. At about 41 times this-year&#39;s free-cash-flow estimate, shareholders will need the company to show even more incremental profitability in the future. Fortunately, management appears to be executing quite well on that front.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons Netflix Profits Will Soar This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons Netflix Profits Will Soar This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-21 14:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/04/20/3-reasons-netflix-profits-will-soar-this-year/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Netflix reported first-quarter earnings this week, and the market didn't appear to love the results. Shares were down 3.2% the following day.While the streaming-giant's profit came in above ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/04/20/3-reasons-netflix-profits-will-soar-this-year/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2023/04/20/3-reasons-netflix-profits-will-soar-this-year/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2328690743","content_text":"Netflix reported first-quarter earnings this week, and the market didn't appear to love the results. Shares were down 3.2% the following day.While the streaming-giant's profit came in above expectations, top-line revenue came in slightly below, at 3.7% growth. Of note, foreign exchange hurt both revenue and profit margins. Growth would have been 8% ex-currency movements, and operating margins would have been higher.Still, investors should view Netflix in a different way now. Whereas the company used to be a high-growth stock that traded based on subscriber and revenue growth, it's now transitioning to a moderate-growth but higher-profit company.On the bright side, Netflix's bottom line could show an explosion of profitability in the year ahead. While the transition may be rocky, three big initiatives are kicking in this year that should lead to higher profit margins in 2023 and beyond.  1. Advertising could be insanely profitableFirst, Netflix just rolled out its ad-supported tier in the fall of 2022. Fortunately, early signs point to this being a really good move by management.In the first quarter, management noted engagement in the ad-supported tier was above company expectations. Even better, most of the ad-supported viewing is in incremental accounts, with \"very little\" switching from premium to ad-supported tiers.Perhaps more importantly, the monetization from ads is looking up. In the U.S., average revenue per member (ARM) for the ad-supported tier, including both the lower subscription and ad revenue combined, exceeded that of subscription-only plans. Right now, Netflix only has its \"basic\" plans in 780p resolution qualifying for ad support, but since ads are going so successfully, Netflix is going to expand ads to 1080p resolution plans, too.CFO Spencer Neumann said on the conference call that advertising adds an incremental 50% margin profit right now on top of subscriptions. Margin should go higher as Netflix builds out more programmatic advertising capabilities in tandem with its ad-tech partners and scales further.Given the incremental and high-margin nature of ad revenue, the rise of ad-supported tiers at Netflix should be very good for profitability.2. Paid account sharingAs some may have heard, Netflix is finally cracking down on password sharing among its customers. But rather than the wholesale cancellations of subscriptions for any member outside the household, Netflix has devised a way to meet its customers halfway.The company has tested a \"paid sharing\" feature in four countries last quarter, including Canada, New Zealand, Spain, and Portugal, after initially testing the feature in Latin America. The concept works exactly like it sounds: Existing Netflix subscribers can now add two people outside the household to an account for an incremental fee that's not as high as a regular subscription.In Canada and New Zealand, the fee was $7.99 for two accounts, 3.99 euros in Portugal and 5.99 euros in Spain. The concept is not unlike adding members to a credit card account for a lower annual fee.Management noted that when the plans were initially offered, engagement went down as some subscribers fell off accounts. However, in a short amount of time, those prior account \"borrowers\" were either added back as paid shared additions or became new subscribers themselves. In the end, Netflix netted out a greater amount of paid subscription revenue after the initial drop.In the Q1 shareholder letter, management gave an encouraging preview for this feature, which will be rolled out to the U.S. in the second quarter. They wrote: \"[I]n Canada, which we believe is a reliable predictor for the US, our paid membership base is now larger than prior to the launch of paid sharing and revenue growth has accelerated and is now growing faster than in the US.\"Paid sharing should add virtually costless revenue to Netflix's results as paid additions are rolled out in the U.S. this quarter, further benefiting the bottom line.3. Lowered content spend, and an upgrade to investment grade Finally, management also noted it would be spending a bit less on content this year than the $17 billion it had initially projected last quarter. And now that the company is generating greater operating profits and free cash flow, Moody's upgraded the company's debt in the first quarter to Baa3, giving Netflix an official \"investment grade\" rating by a majority of leading ratings agencies.Netflix will now have lower interest expenses when refinancing debt. When combined with management's controlled content spending in line with revenue growth, both initiatives should incrementally benefit the company's bottom line.Netflix is now a bottom-line companyNetflix used to be a revenue-focused growth company, but investors should now look more evenly at the company's top and bottom lines. It forecasts operating margin to expand to 18%-20% this year, up from 17.8% last year, and for $3.5 billion in free cash flow, relative to $1.6 billion in 2022.As the effects of ad-supported tiers, paid account sharing, and lower interest costs kick in, investors should expect margins to expand well beyond this year. At about 41 times this-year's free-cash-flow estimate, shareholders will need the company to show even more incremental profitability in the future. Fortunately, management appears to be executing quite well on that front.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9945210942,"gmtCreate":1681482453186,"gmtModify":1681482457132,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9945210942","repostId":"1138147799","repostType":2,"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942960457,"gmtCreate":1681106611180,"gmtModify":1681106614836,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942960457","repostId":"2326290633","repostType":2,"repost":{"id":"2326290633","kind":"highlight","pubTimestamp":1681097072,"share":"https://ttm.financial/m/news/2326290633?lang=&edition=fundamental","pubTime":"2023-04-10 11:24","market":"us","language":"en","title":"Have $1,000? These 3 Stocks Could Be Bargain Buys for 2023 And Beyond","url":"https://stock-news.laohu8.com/highlight/detail?id=2326290633","media":"Motley Fool","summary":"Find out how these three stocks can turn your $1,000 into a long-term treasure chest.","content":"<html><head></head><body><p>Let&#39;s dive into three hidden gems that could turn your modest $1,000 into a treasure chest of long-term growth. So, buckle up, stock sleuths, and get ready for a thrill ride.</p><h2><a href=\"https://laohu8.com/S/AMD\">AMD</a>: a chip off the old blockbuster</h2><p><strong>Advanced Micro Devices</strong> (AMD -0.10%) is shining bright in the semiconductor industry nowadays, with its Ryzen processors and Radeon graphics cards putting up more than a fair fight against big-name competitors. CEO Lisa Su&#39;s leadership has been instrumental in this success, driving a culture of innovation and a commitment to excellence. Under her guidance, AMD has shed its past mistakes of overpromising and underdelivering. The company is now focused on delivering high-performance products that offer great value to customers. So if want a company that&#39;s blazing its own path through the bitterly competitive semiconductor industry, AMD might just be the ticker for you.</p><p>In the past year, AMD&#39;s stock has shown impressive resilience. Shares are trading at $110, reflecting a remarkable 52% increase from their 52-week low. This impressive performance has caught the attention of several analysts. For instance, in February 2023, Cowen analyst Matthew Ramsay reiterated an Outperform rating on AMD with a price target of $130, citing the company&#39;s strong product portfolio and opportunities in the exploding artificial intelligence (AI) market.</p><p>Moreover, the company&#39;s financial results have been on an upward trajectory. In the fourth quarter of 2022, AMD reported revenue of $4.8 billion, a 49% year-over-year increase. Earnings per share of landed at $0.54. Your average analyst would have settled for $0.52 per share. This growth was driven by robust demand for its Ryzen processors and Radeon graphics cards across various segments, including gaming, data centers, and AI applications. And the recent $50 billion Xilinx acquisition should fan the flames even harder under AMD&#39;s steam engine.</p><p>As AMD continues to innovate and expand its product offerings, the company will further cement its position in the market. The stock isn&#39;t cheap but that&#39;s for good reason. You get what you pay for, namely a high-octane growth stock with its sights set on many years of continued success across many high-growth target markets.</p><h2><a href=\"https://laohu8.com/S/SHOP\">Shopify</a>: ringing up profits</h2><p>Next in line, there&#39;s <strong>Shopify</strong>, a leading e-commerce platform that enables businesses and entrepreneurs to create and manage their online stores. It provides an all-in-one solution, including web design, payment processing, inventory management, and social media integrations.</p><p>If that sounds like a sweet business model in this age of everything going digital at an astonishing pace and e-commerce sales soaring on every continent, well, I think you&#39;re onto something. Shopify&#39;s annual sales have nearly doubled over the last two years and quintupled since 2018. Meanwhile, share prices have tumbled recently and the formerly high-flying stock suddenly looks quite affordable:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87d82e9f544e0427e2d0f541d197a5c8\" title=\"\" tg-width=\"720\" tg-height=\"410\"/></p><p>SHOP Revenue (TTM) data by YCharts</p><p>As the stock price tumbled 26% from its 52-week high, you might think this digital dynamo is down for the count. That may be true for the stock chart, but Shopify&#39;s actual business is healthy as a horse.</p><p>This is still the king of e-commerce platforms, and the long-term growth prospects in that target market are as impressive as ever. Sure, there&#39;s an inflation-inspired slowdown in pretty much every retail market right now, including online stores. But you shouldn&#39;t confuse a short-lived stagnation for a permanent pickle.</p><p>Oh, and did you know that Shopify already built AI smarts into its digital assistant, the Shop app? At a recent tech industry conference, Shopify president Harley Finkelstein explained how ChatGPT helps the app find the products you need.</p><p>&#34;You can have a conversation with this incredible bot that is powered by ChatGPT, and you can say, &#39;I want to have a barbecue with [conference host] Keith, and it&#39;s going to be a Hawaiian theme, and there are so many people,&#39;&#34; Finkelstein said. &#34;And you will see products you can buy with one click and actually create a full barbecue and a full party experience.&#34;</p><p>So the shopping experience is getting more helpful, even as shoppers everywhere are getting used to doing all types of business online. If that&#39;s not a perfect setup for launching Shopify&#39;s sales and profits to the moon, I don&#39;t know what is.</p><p>It&#39;s time to scoop up some shares while they&#39;re still a steal.</p><h2><a href=\"https://laohu8.com/S/DOCU\">DocuSign</a>: sealing deal after deal</h2><p>Finally, let&#39;s dig into <strong>DocuSign</strong>, the digital document dynamo that&#39;s revolutionizing the way we sign on the dotted line. You might be scratching your head at a stock price that&#39;s down 16% from its 52-week high, but don&#39;t let that scare you. This paperless powerhouse is just getting started.</p><p>DocuSign&#39;s recent swoon is an opportunity in disguise. Despite brutal market slumps in some of DocuSign&#39;s most important client sectors such as real estate and car sales, the company&#39;s annual sales increased by 158% in the last three years. To keep up this excellent growth trajectory, DocuSign wants to expand its customer base, increase its average revenue per user, and venture into new markets like Europe and Asia. Making strides in real estate, financial services, and healthcare markets should help the company achieve these goals.</p><p>And then it&#39;s only a matter of time until market makers realize their mistake and get back to driving DocuSign&#39;s stock price higher again. Until then, DocuSign shares are trading at just 21 times forward earnings while top-line sales rose at a compound average rate of 37% over the last five years. Those shares are an absolute bargain.</p><h2>Putting your $1,000 to work</h2><p>With these three tempting tickers in your tableau, now&#39;s the time to make your move. Spread your $1,000 across AMD, Shopify, and DocuSign, or double down on your favorite for a potentially bountiful payoff somewhere down the road. Remember, fortune favors the bold, and when it comes to investing, sometimes you have to take a leap of faith. I don&#39;t mean you should take out a second mortgage and literally bet the farm, but this trio looks like good stewards of a fairly modest $1,000 pledge right now.</p><p>So, dust off your stock-picking hat, and let&#39;s leap into the future together. DocuSign, Shopify, and AMD want to come along for the ride. Let&#39;s say you decide to pick up 3 AMD shares, 5 DocuSign stubs, and 6 shares of Shopify, putting roughly $300 to work in each stock. You&#39;d still have enough cash left over for a delightful family dinner after all that, or overweighting your favorite bargain idea with that last Benjamin.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Have $1,000? 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These 3 Stocks Could Be Bargain Buys for 2023 And Beyond\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-10 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/04/09/have-1000-these-3-stocks-could-be-bargain-buys/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Let's dive into three hidden gems that could turn your modest $1,000 into a treasure chest of long-term growth. So, buckle up, stock sleuths, and get ready for a thrill ride.AMD: a chip off the old ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/04/09/have-1000-these-3-stocks-could-be-bargain-buys/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","BK4116":"互联网服务与基础架构","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4141":"半导体产品","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","SHOP":"Shopify Inc","BK4551":"寇图资本持仓","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4573":"虚拟现实","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","BK4512":"苹果概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4099":"汽车制造商","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","BK4548":"巴美列捷福持仓","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4529":"IDC概念","BK4528":"SaaS概念","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4023":"应用软件","BK4554":"元宇宙及AR概念","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","DOCU":"Docusign","BK4585":"ETF&股票定投概念","BK4523":"印度概念","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4587":"ChatGPT概念","BK4566":"资本集团","BK4575":"芯片概念","BK4524":"宅经济概念","AMD":"美国超微公司","BK4543":"AI"},"source_url":"https://www.fool.com/investing/2023/04/09/have-1000-these-3-stocks-could-be-bargain-buys/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2326290633","content_text":"Let's dive into three hidden gems that could turn your modest $1,000 into a treasure chest of long-term growth. So, buckle up, stock sleuths, and get ready for a thrill ride.AMD: a chip off the old blockbusterAdvanced Micro Devices (AMD -0.10%) is shining bright in the semiconductor industry nowadays, with its Ryzen processors and Radeon graphics cards putting up more than a fair fight against big-name competitors. CEO Lisa Su's leadership has been instrumental in this success, driving a culture of innovation and a commitment to excellence. Under her guidance, AMD has shed its past mistakes of overpromising and underdelivering. The company is now focused on delivering high-performance products that offer great value to customers. So if want a company that's blazing its own path through the bitterly competitive semiconductor industry, AMD might just be the ticker for you.In the past year, AMD's stock has shown impressive resilience. Shares are trading at $110, reflecting a remarkable 52% increase from their 52-week low. This impressive performance has caught the attention of several analysts. For instance, in February 2023, Cowen analyst Matthew Ramsay reiterated an Outperform rating on AMD with a price target of $130, citing the company's strong product portfolio and opportunities in the exploding artificial intelligence (AI) market.Moreover, the company's financial results have been on an upward trajectory. In the fourth quarter of 2022, AMD reported revenue of $4.8 billion, a 49% year-over-year increase. Earnings per share of landed at $0.54. Your average analyst would have settled for $0.52 per share. This growth was driven by robust demand for its Ryzen processors and Radeon graphics cards across various segments, including gaming, data centers, and AI applications. And the recent $50 billion Xilinx acquisition should fan the flames even harder under AMD's steam engine.As AMD continues to innovate and expand its product offerings, the company will further cement its position in the market. The stock isn't cheap but that's for good reason. You get what you pay for, namely a high-octane growth stock with its sights set on many years of continued success across many high-growth target markets.Shopify: ringing up profitsNext in line, there's Shopify, a leading e-commerce platform that enables businesses and entrepreneurs to create and manage their online stores. It provides an all-in-one solution, including web design, payment processing, inventory management, and social media integrations.If that sounds like a sweet business model in this age of everything going digital at an astonishing pace and e-commerce sales soaring on every continent, well, I think you're onto something. Shopify's annual sales have nearly doubled over the last two years and quintupled since 2018. Meanwhile, share prices have tumbled recently and the formerly high-flying stock suddenly looks quite affordable:SHOP Revenue (TTM) data by YChartsAs the stock price tumbled 26% from its 52-week high, you might think this digital dynamo is down for the count. That may be true for the stock chart, but Shopify's actual business is healthy as a horse.This is still the king of e-commerce platforms, and the long-term growth prospects in that target market are as impressive as ever. Sure, there's an inflation-inspired slowdown in pretty much every retail market right now, including online stores. But you shouldn't confuse a short-lived stagnation for a permanent pickle.Oh, and did you know that Shopify already built AI smarts into its digital assistant, the Shop app? At a recent tech industry conference, Shopify president Harley Finkelstein explained how ChatGPT helps the app find the products you need.\"You can have a conversation with this incredible bot that is powered by ChatGPT, and you can say, 'I want to have a barbecue with [conference host] Keith, and it's going to be a Hawaiian theme, and there are so many people,'\" Finkelstein said. \"And you will see products you can buy with one click and actually create a full barbecue and a full party experience.\"So the shopping experience is getting more helpful, even as shoppers everywhere are getting used to doing all types of business online. If that's not a perfect setup for launching Shopify's sales and profits to the moon, I don't know what is.It's time to scoop up some shares while they're still a steal.DocuSign: sealing deal after dealFinally, let's dig into DocuSign, the digital document dynamo that's revolutionizing the way we sign on the dotted line. You might be scratching your head at a stock price that's down 16% from its 52-week high, but don't let that scare you. This paperless powerhouse is just getting started.DocuSign's recent swoon is an opportunity in disguise. Despite brutal market slumps in some of DocuSign's most important client sectors such as real estate and car sales, the company's annual sales increased by 158% in the last three years. To keep up this excellent growth trajectory, DocuSign wants to expand its customer base, increase its average revenue per user, and venture into new markets like Europe and Asia. Making strides in real estate, financial services, and healthcare markets should help the company achieve these goals.And then it's only a matter of time until market makers realize their mistake and get back to driving DocuSign's stock price higher again. Until then, DocuSign shares are trading at just 21 times forward earnings while top-line sales rose at a compound average rate of 37% over the last five years. Those shares are an absolute bargain.Putting your $1,000 to workWith these three tempting tickers in your tableau, now's the time to make your move. Spread your $1,000 across AMD, Shopify, and DocuSign, or double down on your favorite for a potentially bountiful payoff somewhere down the road. Remember, fortune favors the bold, and when it comes to investing, sometimes you have to take a leap of faith. I don't mean you should take out a second mortgage and literally bet the farm, but this trio looks like good stewards of a fairly modest $1,000 pledge right now.So, dust off your stock-picking hat, and let's leap into the future together. DocuSign, Shopify, and AMD want to come along for the ride. Let's say you decide to pick up 3 AMD shares, 5 DocuSign stubs, and 6 shares of Shopify, putting roughly $300 to work in each stock. You'd still have enough cash left over for a delightful family dinner after all that, or overweighting your favorite bargain idea with that last Benjamin.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946464546,"gmtCreate":1681025843286,"gmtModify":1681025847188,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":25,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946464546","repostId":"2325952321","repostType":2,"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946852792,"gmtCreate":1680921546016,"gmtModify":1680921548833,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946852792","repostId":"1139524921","repostType":2,"repost":{"id":"1139524921","kind":"news","pubTimestamp":1680909440,"share":"https://ttm.financial/m/news/1139524921?lang=&edition=fundamental","pubTime":"2023-04-08 07:17","market":"us","language":"en","title":"U.S. Weekly Review: Market Rally Retreats On Recession Fears; Tesla Skids On Deliveries, Oil Soars On OPEC+ Cut","url":"https://stock-news.laohu8.com/highlight/detail?id=1139524921","media":"Investor's Business Daily","summary":"The stock market rally retreated in a holiday-shortened week as weaker economic data raised recessio","content":"<html><head></head><body><p>The stock market rally retreated in a holiday-shortened week as weaker economic data raised recession fears. The major indexes&#39; pullbacks looked normal, but many sectors and leading stocks suffered significant losses, while regional bank stocks faltered. Crude oil prices shot up after OPEC+ unexpectedly announced a big production cut. Treasury yields and the dollar tumbled to multimonth lows on recession fears.</p><p><strong>Tesla</strong> (<strong>TSLA</strong>) reported record deliveries in the first quarter thanks to big price cuts and U.S. tax credits. But shipments fell short of views, while production exceeded sales yet again. China EV giant <strong>BYD</strong> (<strong>BYDDF</strong>) reported a big Q1 delivery jump vs. a year earlier, but its shipments slid vs. Q4. <strong>Li Auto</strong> (<strong>LI</strong>) sales boomed, while <strong>Nio</strong> (<strong>NIO</strong>) sales in March fell vs. February while <strong>XPeng</strong> (<strong>XPEV</strong>) reported a huge drop vs. a year earlier. <strong>General Motors</strong> (<strong>GM</strong>) and <strong>Ford</strong> (<strong>F</strong>) reported strong U.S. sales. Ultimate Fighting parent <strong>Endeavor</strong> (<strong>EDR</strong>) will buy <strong>World Wrestling Entertainment</strong> (<strong>WWE</strong>) in a merger, while <strong>Extra Space Storage</strong> (<strong>EXR</strong>) will acquire <strong>Life Storage</strong> (<strong>LSI</strong>).</p><h2 style=\"text-align: start;\">Stock Market Rally Takes Some Hits</h2><p style=\"text-align: start;\">The Dow Jones rose, the S&amp;P 500 edged lower and Nasdaq retreated in a short week after running up in prior weeks. The major indexes still look healthy, but there was damage in many leading stocks and sectors amid rising recession risks. Treasury yields and the dollar tumbled to multimonth lows. U.S. crude oil futures spiked on a surprise OPEC+ output cut.</p><h2 style=\"text-align: start;\">Economic Data Weakens</h2><p style=\"text-align: start;\">The March jobs report showed the U.S. labor market remains strong, likely keeping the pressure on the Federal Reserve to raise interest rates in its efforts to slow inflation. The U.S. economy added 236,000 jobs last month as the unemployment rate held steady at 3.5%, data from the Bureau of Labor Statistics released Friday showed.</p><p></p><p><img src=\"https://static.tigerbbs.com/fbdf600f9e19cf53f255869e4976b563\" alt=\"\"/></p><p style=\"text-align: start;\">The Labor Department, after ironing out its seasonal adjustment methodology, revealed on Thursday that jobless claims have been running much higher than believed. Claims for the March 25 week were revised up by 48,000 to 246,000, dipping to 228,000 in the week through April 1. The 238,750 four-week average of claims is up about 25% since the start of October.</p><p>Outplacement firm Challenger, Gray &amp; Christmas reported that companies announced 89,703 layoffs in March, up 15% from February and 319% from a year ago.</p><p style=\"text-align: start;\">Job openings tumbled by 632,000 in February, though the 9.9 million openings still remained far above pre-pandemic levels.</p><p style=\"text-align: start;\">The Institute for Supply Management&#39;s manufacturing index fell deeper into contractionary territory (below 50), dipping to 46.3 from 47.7. The new orders gauge, a window into future activity, fell 2.7 points to 44.3. The ISM services index, which signaled economic strength earlier in the year, fell 3.9 points to 51.2. The new orders gauge tumbled 10.4 points to 52.2.</p><h2 style=\"text-align: start;\">Oil Prices, Stocks Soar On Surprise OPEC+ Output Cut</h2><p style=\"text-align: start;\">On Sunday, the Organization of the Petroleum Exporting Countries and key allies such as Russia, announced an unexpected crude oil production cut of about 1.15 million barrels a day starting in May. Saudi Arabia alone will trim production by 500,000 barrels per day. The oil cartel previously signaled it would hold supply steady throughout 2023. U.S. crude oil prices spiked on the news, after hitting 15-month lows in mid-March. Energy stocks surged on the news.</p><p></p><p><img src=\"https://static.tigerbbs.com/11fd6547748455bd77952de4d7690fb1\" alt=\"\"/></p><h2>Tesla Falls After Deliveries</h2><p style=\"text-align: start;\"><strong>Tesla</strong> (<strong>TSLA</strong>) deliveries hit a record in the first quarter, fueled by big price cuts worldwide and U.S. tax credits, but the electric-vehicle giant fell short of estimates once again. Analysts predict Tesla will continue to face pricing pressure in the near future. Tesla deliveries rose 36% vs. a year earlier to 422,875. That was 4% above the prior record of 405,278 in Q4. But Wall Street was expecting around 431,000 Tesla deliveries, according to FactSet. However, Tesla did beat some other consensus forecasts. First-quarter deliveries included 412,180 Model 3 and Y vehicles, along with 10,695 Model S and X luxury vehicles. Production once again exceeded deliveries, at 440,808. Model S and X production was at 19,437. With deliveries out of the way, the next question is how the price cuts affected Tesla earnings and gross margins — and if further price cuts will be needed. The EV giant is due to report Q1 results on April 19. The average Tesla vehicle selling price in the first quarter was around $46,780, according to FactSet. That&#39;s down from $51,400 in the fourth quarter and $52,100 a year ago. Tesla&#39;s entry-level Model 3 is expected to lose at least some of its $7,500 U.S. EV tax credit by April 18, when battery material and components rules come into effect.</p><h2 style=\"text-align: start;\">China EV Sales Generally Rebound</h2><p style=\"text-align: start;\">China EV sales rebounded, month over month, in March for <strong>BYD</strong> (<strong>BYDDF</strong>), <strong>Li Auto</strong> (<strong>LI</strong>) and <strong>XPeng</strong> (<strong>XPEV</strong>), but <strong>Nio</strong> (<strong>NIO</strong>) lagged. The Chinese EV makers had seen a weak start to 2023 after the end of subsidies and a price war set off by Tesla. The Chinese New Year holiday in late January also had curbed sales. For the full first quarter, BYD sold more than half a million electric and hybrid cars, nearly doubling sales vs. a year ago, but down vs. Q4. Li Auto outsold Nio and XPeng again last quarter, but all three startups posted Q1 sales near the lower end of their own guidance.</p><h2 style=\"text-align: start;\">U.S. Auto Sales Top Views</h2><p style=\"text-align: start;\">U.S. auto sales came in hotter than expected for the first quarter on the back of rising vehicle inventories and fleet sales, offsetting elevated prices and high auto loan rates. The quarterly sales pace reached an &#34;unexpectedly strong&#34; 15.3 million annualized units, an increase of 8.5% vs. the year-ago quarter, Cox Automotive said. <strong>General Motors</strong> (<strong>GM</strong>) was the top seller for the quarter, posting an 18% year-over-year sales jump. <strong>Ford</strong> (<strong>F</strong>) grew sales 10%. GM was also the top EV seller for the quarter behind dominant <strong>Tesla</strong> (<strong>TSLA</strong>), but most of its sales consisted of older-gen Bolt models, while its new-gen, Ultium-branded EVs slowly ramp up.</p><h2 style=\"text-align: start;\">WWE Finds Its Fighting Partner</h2><p style=\"text-align: start;\">Ultimate Fighter Championship parent <strong>Endeavor</strong> (<strong>EDR</strong>) announced it will buy a 51% majority stake in <strong>World Wrestling Entertainment</strong> (<strong>WWE</strong>) to create a &#34;live sports and entertainment powerhouse&#34; valued at $21.4 billion. The combined firm will trade on the NYSE under the ticker TKO. Endeavor will hold six seats on the new board of directors, while WWE gets five. WWE Chairman Vince McMahon will be chairman of the new company while Endeavor CEO Ariel Emanuel will continue in that position. EDR stock stumbled while WWE stock jumped. Meanwhile, storage REIT <strong>Extra Space Storage</strong> (<strong>EXR</strong>) will buy <strong>Life Storage</strong> (<strong>LSI</strong>) for $12.7 billion in stock. Life Storage previously rejected an $11 billion bid from <strong>Public Storage</strong> (<strong>PSA</strong>).</p><h2 style=\"text-align: start;\">Casino Stocks Fall Despite Macau Gaming Boom</h2><p style=\"text-align: start;\">Gaming revenue in Macau more than tripled in March, hitting a post-pandemic high after Beijing ended its harsh zero-Covid policy. For the full first quarter, gaming revenue almost doubled as travel curbs eased. It also got a boost from the Chinese New Year holiday in late January. Macau is an administrative region in China and the world&#39;s largest gambling hub. Macau-heavy casino giant stocks such as <strong>Wynn Resorts</strong> (<strong>WYNN</strong>) initially popped on the news, but fell back.</p><p style=\"text-align: start;\"><strong>Simply Good Foods</strong> (<strong>SMPL</strong>) adjusted earnings retreated 11% to 32 cents per share for its Q2 results Wednesday, but still topped expectations of 29 cents per share. Revenue was flat year over year at $297 million as analysts saw a decline to $294 million. Simply Good Foods anticipates U.S. retail take-away will moderate over the year due to a recessionary economic environment. The company expects greater gross margin declines year over year based on current performance and higher supply chain costs for the rest of the year. <strong>Conagra Brands</strong> (<strong>CAG</strong>) earnings leapt 31% to 76 cents per share, easily beating forecasts of 64 cents. Revenue rose 5.9% to $3.1 billion, in line with expectations. The processed-food maker lifted its fiscal 2023 earnings forecast to $2.70 to $2.75 per share on sustained higher food prices. Conagra guided earnings between $2.60 and $2.70 per share in January. Potato products maker <strong>Lamb Weston</strong> (<strong>LW</strong>) earnings rocketed 95% to $1.43 per share Thursday, blowing away estimates of 99 cents. Lamb Weston raised its FY23 earnings guidance to $4.35 to $4.50 per share, up from $3.75 to $4.00, based on its Lamb Weston Europe, Middle East and Africa consolidation.</p><h2 style=\"text-align: start;\">In Brief</h2><p style=\"text-align: start;\"><strong>Smart Global Holdings</strong> (<strong>SGH</strong>) beat estimates for earnings but missed with sales in its fiscal second quarter ended Feb. 24. The maker of computing, memory and LED lighting products reported a 13% EPS drop with sales down 4% to $429 million.</p></body></html>","source":"lsy1610612141385","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Weekly Review: Market Rally Retreats On Recession Fears; Tesla Skids On Deliveries, Oil Soars On OPEC+ Cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Weekly Review: Market Rally Retreats On Recession Fears; Tesla Skids On Deliveries, Oil Soars On OPEC+ Cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-08 07:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/market-rally-retreats-on-recession-fears-tesla-skids-on-deliveries-oil-soars-on-opec-cut/><strong>Investor's Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market rally retreated in a holiday-shortened week as weaker economic data raised recession fears. The major indexes' pullbacks looked normal, but many sectors and leading stocks suffered ...</p>\n\n<a href=\"https://www.investors.com/news/market-rally-retreats-on-recession-fears-tesla-skids-on-deliveries-oil-soars-on-opec-cut/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.investors.com/news/market-rally-retreats-on-recession-fears-tesla-skids-on-deliveries-oil-soars-on-opec-cut/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139524921","content_text":"The stock market rally retreated in a holiday-shortened week as weaker economic data raised recession fears. The major indexes' pullbacks looked normal, but many sectors and leading stocks suffered significant losses, while regional bank stocks faltered. Crude oil prices shot up after OPEC+ unexpectedly announced a big production cut. Treasury yields and the dollar tumbled to multimonth lows on recession fears.Tesla (TSLA) reported record deliveries in the first quarter thanks to big price cuts and U.S. tax credits. But shipments fell short of views, while production exceeded sales yet again. China EV giant BYD (BYDDF) reported a big Q1 delivery jump vs. a year earlier, but its shipments slid vs. Q4. Li Auto (LI) sales boomed, while Nio (NIO) sales in March fell vs. February while XPeng (XPEV) reported a huge drop vs. a year earlier. General Motors (GM) and Ford (F) reported strong U.S. sales. Ultimate Fighting parent Endeavor (EDR) will buy World Wrestling Entertainment (WWE) in a merger, while Extra Space Storage (EXR) will acquire Life Storage (LSI).Stock Market Rally Takes Some HitsThe Dow Jones rose, the S&P 500 edged lower and Nasdaq retreated in a short week after running up in prior weeks. The major indexes still look healthy, but there was damage in many leading stocks and sectors amid rising recession risks. Treasury yields and the dollar tumbled to multimonth lows. U.S. crude oil futures spiked on a surprise OPEC+ output cut.Economic Data WeakensThe March jobs report showed the U.S. labor market remains strong, likely keeping the pressure on the Federal Reserve to raise interest rates in its efforts to slow inflation. The U.S. economy added 236,000 jobs last month as the unemployment rate held steady at 3.5%, data from the Bureau of Labor Statistics released Friday showed.The Labor Department, after ironing out its seasonal adjustment methodology, revealed on Thursday that jobless claims have been running much higher than believed. Claims for the March 25 week were revised up by 48,000 to 246,000, dipping to 228,000 in the week through April 1. The 238,750 four-week average of claims is up about 25% since the start of October.Outplacement firm Challenger, Gray & Christmas reported that companies announced 89,703 layoffs in March, up 15% from February and 319% from a year ago.Job openings tumbled by 632,000 in February, though the 9.9 million openings still remained far above pre-pandemic levels.The Institute for Supply Management's manufacturing index fell deeper into contractionary territory (below 50), dipping to 46.3 from 47.7. The new orders gauge, a window into future activity, fell 2.7 points to 44.3. The ISM services index, which signaled economic strength earlier in the year, fell 3.9 points to 51.2. The new orders gauge tumbled 10.4 points to 52.2.Oil Prices, Stocks Soar On Surprise OPEC+ Output CutOn Sunday, the Organization of the Petroleum Exporting Countries and key allies such as Russia, announced an unexpected crude oil production cut of about 1.15 million barrels a day starting in May. Saudi Arabia alone will trim production by 500,000 barrels per day. The oil cartel previously signaled it would hold supply steady throughout 2023. U.S. crude oil prices spiked on the news, after hitting 15-month lows in mid-March. Energy stocks surged on the news.Tesla Falls After DeliveriesTesla (TSLA) deliveries hit a record in the first quarter, fueled by big price cuts worldwide and U.S. tax credits, but the electric-vehicle giant fell short of estimates once again. Analysts predict Tesla will continue to face pricing pressure in the near future. Tesla deliveries rose 36% vs. a year earlier to 422,875. That was 4% above the prior record of 405,278 in Q4. But Wall Street was expecting around 431,000 Tesla deliveries, according to FactSet. However, Tesla did beat some other consensus forecasts. First-quarter deliveries included 412,180 Model 3 and Y vehicles, along with 10,695 Model S and X luxury vehicles. Production once again exceeded deliveries, at 440,808. Model S and X production was at 19,437. With deliveries out of the way, the next question is how the price cuts affected Tesla earnings and gross margins — and if further price cuts will be needed. The EV giant is due to report Q1 results on April 19. The average Tesla vehicle selling price in the first quarter was around $46,780, according to FactSet. That's down from $51,400 in the fourth quarter and $52,100 a year ago. Tesla's entry-level Model 3 is expected to lose at least some of its $7,500 U.S. EV tax credit by April 18, when battery material and components rules come into effect.China EV Sales Generally ReboundChina EV sales rebounded, month over month, in March for BYD (BYDDF), Li Auto (LI) and XPeng (XPEV), but Nio (NIO) lagged. The Chinese EV makers had seen a weak start to 2023 after the end of subsidies and a price war set off by Tesla. The Chinese New Year holiday in late January also had curbed sales. For the full first quarter, BYD sold more than half a million electric and hybrid cars, nearly doubling sales vs. a year ago, but down vs. Q4. Li Auto outsold Nio and XPeng again last quarter, but all three startups posted Q1 sales near the lower end of their own guidance.U.S. Auto Sales Top ViewsU.S. auto sales came in hotter than expected for the first quarter on the back of rising vehicle inventories and fleet sales, offsetting elevated prices and high auto loan rates. The quarterly sales pace reached an \"unexpectedly strong\" 15.3 million annualized units, an increase of 8.5% vs. the year-ago quarter, Cox Automotive said. General Motors (GM) was the top seller for the quarter, posting an 18% year-over-year sales jump. Ford (F) grew sales 10%. GM was also the top EV seller for the quarter behind dominant Tesla (TSLA), but most of its sales consisted of older-gen Bolt models, while its new-gen, Ultium-branded EVs slowly ramp up.WWE Finds Its Fighting PartnerUltimate Fighter Championship parent Endeavor (EDR) announced it will buy a 51% majority stake in World Wrestling Entertainment (WWE) to create a \"live sports and entertainment powerhouse\" valued at $21.4 billion. The combined firm will trade on the NYSE under the ticker TKO. Endeavor will hold six seats on the new board of directors, while WWE gets five. WWE Chairman Vince McMahon will be chairman of the new company while Endeavor CEO Ariel Emanuel will continue in that position. EDR stock stumbled while WWE stock jumped. Meanwhile, storage REIT Extra Space Storage (EXR) will buy Life Storage (LSI) for $12.7 billion in stock. Life Storage previously rejected an $11 billion bid from Public Storage (PSA).Casino Stocks Fall Despite Macau Gaming BoomGaming revenue in Macau more than tripled in March, hitting a post-pandemic high after Beijing ended its harsh zero-Covid policy. For the full first quarter, gaming revenue almost doubled as travel curbs eased. It also got a boost from the Chinese New Year holiday in late January. Macau is an administrative region in China and the world's largest gambling hub. Macau-heavy casino giant stocks such as Wynn Resorts (WYNN) initially popped on the news, but fell back.Simply Good Foods (SMPL) adjusted earnings retreated 11% to 32 cents per share for its Q2 results Wednesday, but still topped expectations of 29 cents per share. Revenue was flat year over year at $297 million as analysts saw a decline to $294 million. Simply Good Foods anticipates U.S. retail take-away will moderate over the year due to a recessionary economic environment. The company expects greater gross margin declines year over year based on current performance and higher supply chain costs for the rest of the year. Conagra Brands (CAG) earnings leapt 31% to 76 cents per share, easily beating forecasts of 64 cents. Revenue rose 5.9% to $3.1 billion, in line with expectations. The processed-food maker lifted its fiscal 2023 earnings forecast to $2.70 to $2.75 per share on sustained higher food prices. Conagra guided earnings between $2.60 and $2.70 per share in January. Potato products maker Lamb Weston (LW) earnings rocketed 95% to $1.43 per share Thursday, blowing away estimates of 99 cents. Lamb Weston raised its FY23 earnings guidance to $4.35 to $4.50 per share, up from $3.75 to $4.00, based on its Lamb Weston Europe, Middle East and Africa consolidation.In BriefSmart Global Holdings (SGH) beat estimates for earnings but missed with sales in its fiscal second quarter ended Feb. 24. The maker of computing, memory and LED lighting products reported a 13% EPS drop with sales down 4% to $429 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948159747,"gmtCreate":1680654291090,"gmtModify":1680654294820,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948159747","repostId":"2325438792","repostType":2,"repost":{"id":"2325438792","kind":"highlight","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":1680648766,"share":"https://ttm.financial/m/news/2325438792?lang=&edition=fundamental","pubTime":"2023-04-05 06:52","market":"us","language":"en","title":"Wall Street Ends Down As Weak Economic Data Fuels Recession Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=2325438792","media":"Reuters","summary":"*U.S. factory orders, job openings fall in February*Virgin Orbit slumps after filing for bankruptcy*","content":"<html><head></head><body><p>*U.S. factory orders, job openings fall in February</p><p>*Virgin Orbit slumps after filing for bankruptcy</p><p>*AMC Entertainment falls after litigation deal</p><p>*Indexes: S&amp;P 500 -0.58%, Nasdaq -0.52%, Dow -0.59%</p><p>April 4 (Reuters) - Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve&#39;s campaign to rein in decades-high inflation may cause a deep downturn.</p><p>All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor market was cooling, while factory orders fell for a second straight month.</p><p>Data on Monday had also pointed to weakening U.S. manufacturing activity.</p><p>&#34;The number of job openings has decreased, which makes people worry that hiring is going too slow, and that will be bad for the economy. That feeds into recessionary fears,&#34; said Sal Bruno, Chief Investment Officer at IndexIQ in New York.</p><p>Bank stocks took a hit after JPMorgan Chase &amp; Co CEO Jaime Dimon warned in a letter to shareholders that the U.S. banking crisis is ongoing and that its impact will be felt for years.</p><p>Bank of America and Wells Fargo &amp; Co dropped more than 2%, and the S&amp;P 500 banks index fell 1.9%.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by industrials , down 2.25%, followed by a 1.72% loss in energy.</p><p>The S&amp;P 500 declined 0.58% to end the session at 4,100.68 points, closing lower for the first time in a week.</p><p>The Nasdaq declined 0.52% to 12,126.33 points, while the Dow Jones Industrial Average declined 0.59% to 33,402.38 points.</p><p>Caterpillar Inc, viewed as bellwether for the industrial sector, fell 5.4%.</p><p>Heavyweight chipmaker Nvidia lost 1.8%, weighing more than any other stock on the S&amp;P 500&#39;s decline.</p><p>Healthcare and utilities , which many investors expect to hold up better during an economic slowdown, were among the few S&amp;P 500 sector indexes gaining on Tuesday.</p><p>Trading in interest rate futures shows bets are now tilted toward a pause by the Fed in May, with odds of a 25-basis point rate hike at 42%, compared with nearly 60% before the data, according to CME Group&#39;s Fedwatch tool.</p><p>So far in 2023, the S&amp;P 500 has gained nearly 7% and it remains down about 15% from its record high close in January 2022.</p><p>Virgin Orbit Holdings Inc slumped 23.2% after the satellite launch company filed for Chapter 11 bankruptcy on failing to secure long-term funding.</p><p>AMC Entertainment Holdings Inc shares tumbled 23.5% after the movie theater chain said it agreed to settle litigation and proceed with converting its preferred stock into common shares.</p><p>Shares of <a href=\"https://laohu8.com/S/DWAC\">Digital World Acquisition Corp</a> fell 8% after the SPAC linked to former U.S. President Donald Trump delayed the filing of its annual financial report.</p><p>Volume on U.S. exchanges was relatively light, with 10.3 billion shares traded, compared to an average of 12.8 billion shares over the previous 20 sessions.</p><p>Across the U.S. stock market , declining stocks outnumbered rising ones by a 2.2-to-one ratio.</p><p>The S&amp;P 500 posted 14 new highs and one new lows; the Nasdaq recorded 64 new highs and 238 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Ends Down As Weak Economic Data Fuels Recession Fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Ends Down As Weak Economic Data Fuels Recession Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-04-05 06:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>*U.S. factory orders, job openings fall in February</p><p>*Virgin Orbit slumps after filing for bankruptcy</p><p>*AMC Entertainment falls after litigation deal</p><p>*Indexes: S&amp;P 500 -0.58%, Nasdaq -0.52%, Dow -0.59%</p><p>April 4 (Reuters) - Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve&#39;s campaign to rein in decades-high inflation may cause a deep downturn.</p><p>All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor market was cooling, while factory orders fell for a second straight month.</p><p>Data on Monday had also pointed to weakening U.S. manufacturing activity.</p><p>&#34;The number of job openings has decreased, which makes people worry that hiring is going too slow, and that will be bad for the economy. That feeds into recessionary fears,&#34; said Sal Bruno, Chief Investment Officer at IndexIQ in New York.</p><p>Bank stocks took a hit after JPMorgan Chase &amp; Co CEO Jaime Dimon warned in a letter to shareholders that the U.S. banking crisis is ongoing and that its impact will be felt for years.</p><p>Bank of America and Wells Fargo &amp; Co dropped more than 2%, and the S&amp;P 500 banks index fell 1.9%.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by industrials , down 2.25%, followed by a 1.72% loss in energy.</p><p>The S&amp;P 500 declined 0.58% to end the session at 4,100.68 points, closing lower for the first time in a week.</p><p>The Nasdaq declined 0.52% to 12,126.33 points, while the Dow Jones Industrial Average declined 0.59% to 33,402.38 points.</p><p>Caterpillar Inc, viewed as bellwether for the industrial sector, fell 5.4%.</p><p>Heavyweight chipmaker Nvidia lost 1.8%, weighing more than any other stock on the S&amp;P 500&#39;s decline.</p><p>Healthcare and utilities , which many investors expect to hold up better during an economic slowdown, were among the few S&amp;P 500 sector indexes gaining on Tuesday.</p><p>Trading in interest rate futures shows bets are now tilted toward a pause by the Fed in May, with odds of a 25-basis point rate hike at 42%, compared with nearly 60% before the data, according to CME Group&#39;s Fedwatch tool.</p><p>So far in 2023, the S&amp;P 500 has gained nearly 7% and it remains down about 15% from its record high close in January 2022.</p><p>Virgin Orbit Holdings Inc slumped 23.2% after the satellite launch company filed for Chapter 11 bankruptcy on failing to secure long-term funding.</p><p>AMC Entertainment Holdings Inc shares tumbled 23.5% after the movie theater chain said it agreed to settle litigation and proceed with converting its preferred stock into common shares.</p><p>Shares of <a href=\"https://laohu8.com/S/DWAC\">Digital World Acquisition Corp</a> fell 8% after the SPAC linked to former U.S. President Donald Trump delayed the filing of its annual financial report.</p><p>Volume on U.S. exchanges was relatively light, with 10.3 billion shares traded, compared to an average of 12.8 billion shares over the previous 20 sessions.</p><p>Across the U.S. stock market , declining stocks outnumbered rising ones by a 2.2-to-one ratio.</p><p>The S&amp;P 500 posted 14 new highs and one new lows; the Nasdaq recorded 64 new highs and 238 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","CAT":"卡特彼勒","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","BK4207":"综合性银行","WFC":"富国银行","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","NVDA":"英伟达","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4534":"瑞士信贷持仓","VORB":"维珍轨道","BK4007":"制药","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4566":"资本集团","BK4196":"保健护理服务","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4082":"医疗保健设备","LU1261432733.SGD":"Fidelity World A-ACC-SGD",".DJI":"道琼斯","BK4588":"碎股",".IXIC":"NASDAQ Composite","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2",".SPX":"S&P 500 Index","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","AMC":"AMC院线"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2325438792","content_text":"*U.S. factory orders, job openings fall in February*Virgin Orbit slumps after filing for bankruptcy*AMC Entertainment falls after litigation deal*Indexes: S&P 500 -0.58%, Nasdaq -0.52%, Dow -0.59%April 4 (Reuters) - Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve's campaign to rein in decades-high inflation may cause a deep downturn.All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor market was cooling, while factory orders fell for a second straight month.Data on Monday had also pointed to weakening U.S. manufacturing activity.\"The number of job openings has decreased, which makes people worry that hiring is going too slow, and that will be bad for the economy. That feeds into recessionary fears,\" said Sal Bruno, Chief Investment Officer at IndexIQ in New York.Bank stocks took a hit after JPMorgan Chase & Co CEO Jaime Dimon warned in a letter to shareholders that the U.S. banking crisis is ongoing and that its impact will be felt for years.Bank of America and Wells Fargo & Co dropped more than 2%, and the S&P 500 banks index fell 1.9%.Of the 11 S&P 500 sector indexes, seven declined, led lower by industrials , down 2.25%, followed by a 1.72% loss in energy.The S&P 500 declined 0.58% to end the session at 4,100.68 points, closing lower for the first time in a week.The Nasdaq declined 0.52% to 12,126.33 points, while the Dow Jones Industrial Average declined 0.59% to 33,402.38 points.Caterpillar Inc, viewed as bellwether for the industrial sector, fell 5.4%.Heavyweight chipmaker Nvidia lost 1.8%, weighing more than any other stock on the S&P 500's decline.Healthcare and utilities , which many investors expect to hold up better during an economic slowdown, were among the few S&P 500 sector indexes gaining on Tuesday.Trading in interest rate futures shows bets are now tilted toward a pause by the Fed in May, with odds of a 25-basis point rate hike at 42%, compared with nearly 60% before the data, according to CME Group's Fedwatch tool.So far in 2023, the S&P 500 has gained nearly 7% and it remains down about 15% from its record high close in January 2022.Virgin Orbit Holdings Inc slumped 23.2% after the satellite launch company filed for Chapter 11 bankruptcy on failing to secure long-term funding.AMC Entertainment Holdings Inc shares tumbled 23.5% after the movie theater chain said it agreed to settle litigation and proceed with converting its preferred stock into common shares.Shares of Digital World Acquisition Corp fell 8% after the SPAC linked to former U.S. President Donald Trump delayed the filing of its annual financial report.Volume on U.S. exchanges was relatively light, with 10.3 billion shares traded, compared to an average of 12.8 billion shares over the previous 20 sessions.Across the U.S. stock market , declining stocks outnumbered rising ones by a 2.2-to-one ratio.The S&P 500 posted 14 new highs and one new lows; the Nasdaq recorded 64 new highs and 238 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941584863,"gmtCreate":1680431488752,"gmtModify":1680431492357,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941584863","repostId":"2324462300","repostType":2,"repost":{"id":"2324462300","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1680399715,"share":"https://ttm.financial/m/news/2324462300?lang=&edition=fundamental","pubTime":"2023-04-02 09:41","market":"us","language":"en","title":"What Tech Bust? Big Tech Stocks Gained $2 Trillion in Roaring Start to 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2324462300","media":"Dow Jones","summary":"The 19 largest tech companies all saw their market capitalizations grow in the first quarter of 2023","content":"<html><head></head><body><p>The 19 largest tech companies all saw their market capitalizations grow in the first quarter of 2023, and Apple leads the way with a $500 billion increase</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1540f53222226e478ff2f989b853e1bb\" alt=\"Of 74 tech stocks screened by MarketWatch, 60 had notched first-quarter gains in their market capitalization through Thursday’s close.\" title=\"Of 74 tech stocks screened by MarketWatch, 60 had notched first-quarter gains in their market capitalization through Thursday’s close.\" tg-width=\"700\" tg-height=\"487\"/><span>Of 74 tech stocks screened by MarketWatch, 60 had notched first-quarter gains in their market capitalization through Thursday’s close.</span></p><p>Big Tech had a big first quarter, with the largest 10 companies growing their market value by nearly $2 trillion to start the year.</p><p>After an inauspicious 2022 that saw shares of Tesla Inc. (TSLA) and Facebook-parent <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc. (META) post their largest annual percentage declines on record, the technology sector has rebounded sharply to kick off 2023 amid greater economic confidence and cost-cutting pushes by many companies in the industry.</p><p>The 19 largest tech companies all have seen their market capitalizations grow so far in 2023, according to a MarketWatch screen of companies in the S&amp;P 500 information technology sector along with eight other large tech-focused names that are technically classified in other sectors. Of the 74 stocks screened, 60 had notched first-quarter gains through Thursday&#39;s close, with the group as a whole netting almost $2.4 trillion in market-cap increases.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89cd311892e8b0dddc19465902c96164\" tg-width=\"816\" tg-height=\"809\"/></p><p></p><p>Apple Inc. (AAPL), the most valuable publicly listed U.S. company, is also the biggest contributor of market-cap gains this quarter, with its value alone rising by $502 billion through Thursday&#39;s close. The company suffered late last year as COVID-19 restrictions impacted production in China, but conditions there have since improved. The second largest company, Microsoft Corp. (MSFT), is next with $327 billion in market-cap gains as it benefited from artificial-intelligence buzz through its investment in ChatGPT creator OpenAI.</p><p>The third largest contributor perhaps is more surprising. Nvidia Corp. (NVDA) was nearly a third the size of Alphabet Inc. (GOOGL) and less than half the size of Amazon.com Inc. (AMZN) at the end of 2022, but the chip maker has seen its market value almost double through the first three months of 2023 as it&#39;s also viewed as a play on AI. Nvidia had chipped in $317 billion to the sector&#39;s market-cap increase as of Thursday&#39;s close.</p><p>Next up is Tesla Inc., racking up $229 billion in market-cap gains as its stock heads for its best quarter since 2020; Meta Platforms Inc. (META), notching $191 billion in market-cap gains as investors continue to cheer the social-media company&#39;s ongoing cost cuts; and Amazon and Google-parent Alphabet, which are contributing in $188 billion and $139 billion in gains, respectively.</p><p>There&#39;s a sizable drop-off outside the seven largest players. Rounding out the top 10 biggest U.S. tech companies are Broadcom Inc. <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a> ($31 billion in first-quarter market-cap gains), Oracle Corp. (ORCL) ($24 billion in gains) and Cisco Systems Inc. (CSCO) ($15 billion in gains).</p><p>Shares of Salesforce Inc. (CRM), Advanced Micro Devices Inc. (AMD) and Intel Corp. (INTC) have also seen big rallies this quarter that have led to sizable valuation increases. Salesforce is worth $64 billion more than it was at the start of the quarter, as the software giant has become more focused on profits. AMD is worth $53 billion more, while Intel is worth $24 billion more, with both names benefiting from improved sentiment toward the chip sector in the wake of concerns last year about a cool-down in pandemic-driven tech purchases. Intel&#39;s stock is on pace for its best month since November 2001.</p><p>Despite the roaring start to 2023, many tech stocks remain lower than they were at the end of 2021. Just 15 of the 74 screened by MarketWatch are trading above their Dec. 31, 2021, closing levels.</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>What Tech Bust? Big Tech Stocks Gained $2 Trillion in Roaring Start to 2023</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\">\nWhat Tech Bust? Big Tech Stocks Gained $2 Trillion in Roaring Start to 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-04-02 09:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The 19 largest tech companies all saw their market capitalizations grow in the first quarter of 2023, and Apple leads the way with a $500 billion increase</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1540f53222226e478ff2f989b853e1bb\" alt=\"Of 74 tech stocks screened by MarketWatch, 60 had notched first-quarter gains in their market capitalization through Thursday’s close.\" title=\"Of 74 tech stocks screened by MarketWatch, 60 had notched first-quarter gains in their market capitalization through Thursday’s close.\" tg-width=\"700\" tg-height=\"487\"/><span>Of 74 tech stocks screened by MarketWatch, 60 had notched first-quarter gains in their market capitalization through Thursday’s close.</span></p><p>Big Tech had a big first quarter, with the largest 10 companies growing their market value by nearly $2 trillion to start the year.</p><p>After an inauspicious 2022 that saw shares of Tesla Inc. (TSLA) and Facebook-parent <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc. (META) post their largest annual percentage declines on record, the technology sector has rebounded sharply to kick off 2023 amid greater economic confidence and cost-cutting pushes by many companies in the industry.</p><p>The 19 largest tech companies all have seen their market capitalizations grow so far in 2023, according to a MarketWatch screen of companies in the S&amp;P 500 information technology sector along with eight other large tech-focused names that are technically classified in other sectors. Of the 74 stocks screened, 60 had notched first-quarter gains through Thursday&#39;s close, with the group as a whole netting almost $2.4 trillion in market-cap increases.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89cd311892e8b0dddc19465902c96164\" tg-width=\"816\" tg-height=\"809\"/></p><p></p><p>Apple Inc. (AAPL), the most valuable publicly listed U.S. company, is also the biggest contributor of market-cap gains this quarter, with its value alone rising by $502 billion through Thursday&#39;s close. The company suffered late last year as COVID-19 restrictions impacted production in China, but conditions there have since improved. The second largest company, Microsoft Corp. (MSFT), is next with $327 billion in market-cap gains as it benefited from artificial-intelligence buzz through its investment in ChatGPT creator OpenAI.</p><p>The third largest contributor perhaps is more surprising. Nvidia Corp. (NVDA) was nearly a third the size of Alphabet Inc. (GOOGL) and less than half the size of Amazon.com Inc. (AMZN) at the end of 2022, but the chip maker has seen its market value almost double through the first three months of 2023 as it&#39;s also viewed as a play on AI. Nvidia had chipped in $317 billion to the sector&#39;s market-cap increase as of Thursday&#39;s close.</p><p>Next up is Tesla Inc., racking up $229 billion in market-cap gains as its stock heads for its best quarter since 2020; Meta Platforms Inc. (META), notching $191 billion in market-cap gains as investors continue to cheer the social-media company&#39;s ongoing cost cuts; and Amazon and Google-parent Alphabet, which are contributing in $188 billion and $139 billion in gains, respectively.</p><p>There&#39;s a sizable drop-off outside the seven largest players. Rounding out the top 10 biggest U.S. tech companies are Broadcom Inc. <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a> ($31 billion in first-quarter market-cap gains), Oracle Corp. (ORCL) ($24 billion in gains) and Cisco Systems Inc. (CSCO) ($15 billion in gains).</p><p>Shares of Salesforce Inc. (CRM), Advanced Micro Devices Inc. (AMD) and Intel Corp. (INTC) have also seen big rallies this quarter that have led to sizable valuation increases. Salesforce is worth $64 billion more than it was at the start of the quarter, as the software giant has become more focused on profits. AMD is worth $53 billion more, while Intel is worth $24 billion more, with both names benefiting from improved sentiment toward the chip sector in the wake of concerns last year about a cool-down in pandemic-driven tech purchases. Intel&#39;s stock is on pace for its best month since November 2001.</p><p>Despite the roaring start to 2023, many tech stocks remain lower than they were at the end of 2021. Just 15 of the 74 screened by MarketWatch are trading above their Dec. 31, 2021, closing levels.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4529":"IDC概念","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","BK4122":"互联网与直销零售","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","MSFT":"微软","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","SG9999002232.USD":"Allianz Global High Payout USD","AAPL":"苹果","LU0109392836.USD":"富兰克林科技股A","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2063271972.USD":"富兰克林创新领域基金","CRM":"赛富时","BK4579":"人工智能","CRCT":"Cricut, Inc.","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","GFS":"GLOBALFOUNDRIES Inc.","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4561":"索罗斯持仓","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","AMZN":"亚马逊","BK4170":"电脑硬件、储存设备及电脑周边","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2324462300","content_text":"The 19 largest tech companies all saw their market capitalizations grow in the first quarter of 2023, and Apple leads the way with a $500 billion increaseOf 74 tech stocks screened by MarketWatch, 60 had notched first-quarter gains in their market capitalization through Thursday’s close.Big Tech had a big first quarter, with the largest 10 companies growing their market value by nearly $2 trillion to start the year.After an inauspicious 2022 that saw shares of Tesla Inc. (TSLA) and Facebook-parent Meta Platforms Inc. (META) post their largest annual percentage declines on record, the technology sector has rebounded sharply to kick off 2023 amid greater economic confidence and cost-cutting pushes by many companies in the industry.The 19 largest tech companies all have seen their market capitalizations grow so far in 2023, according to a MarketWatch screen of companies in the S&P 500 information technology sector along with eight other large tech-focused names that are technically classified in other sectors. Of the 74 stocks screened, 60 had notched first-quarter gains through Thursday's close, with the group as a whole netting almost $2.4 trillion in market-cap increases.Apple Inc. (AAPL), the most valuable publicly listed U.S. company, is also the biggest contributor of market-cap gains this quarter, with its value alone rising by $502 billion through Thursday's close. The company suffered late last year as COVID-19 restrictions impacted production in China, but conditions there have since improved. The second largest company, Microsoft Corp. (MSFT), is next with $327 billion in market-cap gains as it benefited from artificial-intelligence buzz through its investment in ChatGPT creator OpenAI.The third largest contributor perhaps is more surprising. Nvidia Corp. (NVDA) was nearly a third the size of Alphabet Inc. (GOOGL) and less than half the size of Amazon.com Inc. (AMZN) at the end of 2022, but the chip maker has seen its market value almost double through the first three months of 2023 as it's also viewed as a play on AI. Nvidia had chipped in $317 billion to the sector's market-cap increase as of Thursday's close.Next up is Tesla Inc., racking up $229 billion in market-cap gains as its stock heads for its best quarter since 2020; Meta Platforms Inc. (META), notching $191 billion in market-cap gains as investors continue to cheer the social-media company's ongoing cost cuts; and Amazon and Google-parent Alphabet, which are contributing in $188 billion and $139 billion in gains, respectively.There's a sizable drop-off outside the seven largest players. Rounding out the top 10 biggest U.S. tech companies are Broadcom Inc. $(AVGO)$ ($31 billion in first-quarter market-cap gains), Oracle Corp. (ORCL) ($24 billion in gains) and Cisco Systems Inc. (CSCO) ($15 billion in gains).Shares of Salesforce Inc. (CRM), Advanced Micro Devices Inc. (AMD) and Intel Corp. (INTC) have also seen big rallies this quarter that have led to sizable valuation increases. Salesforce is worth $64 billion more than it was at the start of the quarter, as the software giant has become more focused on profits. AMD is worth $53 billion more, while Intel is worth $24 billion more, with both names benefiting from improved sentiment toward the chip sector in the wake of concerns last year about a cool-down in pandemic-driven tech purchases. Intel's stock is on pace for its best month since November 2001.Despite the roaring start to 2023, many tech stocks remain lower than they were at the end of 2021. Just 15 of the 74 screened by MarketWatch are trading above their Dec. 31, 2021, closing levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9957270747,"gmtCreate":1677336844590,"gmtModify":1677336849060,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":38,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957270747","repostId":"1117520516","repostType":4,"repost":{"id":"1117520516","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1677334099,"share":"https://ttm.financial/m/news/1117520516?lang=&edition=fundamental","pubTime":"2023-02-25 22:08","market":"us","language":"en","title":"Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills","url":"https://stock-news.laohu8.com/highlight/detail?id=1117520516","media":"Tiger Newspress","summary":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks rais","content":"<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</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>Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills</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\">\nBuffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-02-25 22:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117520516","content_text":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.Berkshire also released its results for 2022 on Saturday.The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.Total revenue rose 9.4% to $302.1 billion.Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.Read the full letter here:To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.Who wouldn’t enjoy working for shareholders like ours?What We DoCharlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.* * * * * * * * * * * *At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.The Secret SauceIn August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.The Past Year in BriefBerkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.* * * * * * * * * * * *A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.And that is a promise we can make.* * * * * * * * * * * *Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.58 Years – and a Few FiguresIn 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&P 500 Index, an elite collection of large and well-known American companies.In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.At Berkshire, there will be no finish line.Some Surprising Facts About Federal TaxesDuring the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.* * * * * * * * * * * *Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”* * * * * * * * * * * *At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.Nothing Beats Having a Great PartnerCharlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.Here are a few of his thoughts, many lifted from a very recent podcast:- The world is full of foolish gamblers, and they will not do as well as the patient investor.- If you don’t see the world the way it is, it’s like judging something through a distorted lens.- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.- You can learn a lot from dead people. Read of the deceased you admire and detest.- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.- A great company keeps working after you are not; a mediocre company won’t do that.- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.- You don’t, however, need to own a lot of things in order to get rich.- You have to keep learning if you want to become a great investor. When the world changes, you must change.- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.* * * * * * * * * * * *I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.A Family Gathering in OmahaCharlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?I know you can’t wait to hear the specifics of last year’s hustle.On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.* * * * * * * * * * * *Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.February 25, 2023 Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940522911,"gmtCreate":1678060884633,"gmtModify":1678060888562,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":29,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940522911","repostId":"2317160870","repostType":4,"repost":{"id":"2317160870","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1678056831,"share":"https://ttm.financial/m/news/2317160870?lang=&edition=fundamental","pubTime":"2023-03-06 06:53","market":"us","language":"en","title":"Jobs Report; Powell Testifies; Sea, JD.com, CrowdStrike Earnings: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2317160870","media":"Dow Jones","summary":"By Nicholas Jasinski \n\n\n  The latest data on the U.S. job market and several major earning reports w","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Nicholas Jasinski \n</p>\n<p>\n  The latest data on the U.S. job market and several major earning reports will be this week's highlights. \n</p>\n<p>\n     On Wednesday, the Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey, or JOLTS. The consensus estimate is for 10.7 million job openings on the last business day of January, which would be a slight decline from December. \n</p>\n<p>\n     On Friday, the BLS releases February jobs data. Economists expect a gain of 215,000 nonfarm payrolls and for the unemployment rate to hold steady at 3.4%. Job growth surprised to the upside in January, with the U.S. economy adding 517,000 payrolls. \n</p>\n<p>\n     Companies reporting this week will include Ciena on Monday, CrowdStrike Holdings and Dick's Sporting Goods on Tuesday, and  Brown-Forman and Campbell Soup on Wednesday.  JD.com, Oracle, and Ulta Beauty will release results on Thursday. \n</p>\n<p>\n     General Electric will host an investor day on Thursday. Management will discuss expectations and plans for the year ahead and for the upcoming spinoff of GE's power business. Apple will hold its annual shareholders meeting on Friday. \n</p>\n<p>\n     Finally, the Bank of Japan will announce a monetary-policy decision on Friday. The central bank is expected to keep its short-term interest rate unchanged at negative 0.1%. \n</p>\n<p>\n     Monday 3/6 \n</p>\n<p>\n     Ciena, Nutanix, and Trip.com report quarterly results. \n</p>\n<p>\n     Merck hosts an investor event in New Orleans to discuss its cardiovascular drug pipeline, in conjunction with the American College of Cardiology and World Heart Federation Expo. \n</p>\n<p>\n     Tuesday 3/7 \n</p>\n<p>\n     Casey's General Store, CrowdStrike Holdings, and Dick's Sporting Goods announce earnings. \n</p>\n<p>\n     The Federal Reserve reports consumer credit data for January. In 2022, total consumer debt increased 7.8%, the largest jump since 2001, to a record $4.78 trillion. Nonrevolving credit -- mainly mortgages as well as auto and student loans -- rose 5.6%, while revolving credit -- mostly credit-card debt -- spiked 14.8%. \n</p>\n<p>\n     Wednesday 3/8 \n</p>\n<p>\n     ADP releases its National Employment report for February. Economists forecast an increase of 180,000 private-sector jobs, after a rise of 106,000 in January. The leisure and hospitality industry led the way in January. \n</p>\n<p>\n     Brown-Forman, Campbell Soup, and MongoDB release quarterly results. \n</p>\n<p>\n     The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10.7 million job openings on the last business day of January, slightly less than in December. Job openings remained historically elevated, and there are currently nearly two openings for every unemployed person. \n</p>\n<p>\n     Thursday 3/9 \n</p>\n<p>\n     JD.com, Oracle, and Ulta Beauty hold conference calls to discuss earnings. \n</p>\n<p>\n     General Electric hosts an investor meeting to discuss the coming year and the pending spinoff of GE Vernova, which includes GE's Digital, Renewable Energy, and Power business. The spinoff is expected to be completed early next year. \n</p>\n<p>\n     The Federal Reserve releases the Financial Accounts of the U.S., which includes total household net worth data, for the fourth quarter. As of Sept. 30, household net worth totaled $143.3 trillion, about $7 trillion less than the record high reached in the fourth quarter of 2021. \n</p>\n<p>\n     Friday 3/10 \n</p>\n<p>\n     Apple holds its annual shareholders meeting in a virtual format. \n</p>\n<p>\n     The Bank of Japan announces its monetary-policy decision. The central bank is expected to keep its short-term interest rate unchanged at negative 0.1%. Haruhiko Kuroda, the governor of the BOJ and architect of its negative interest-rate policy, will retire in April. Incoming Gov. Kazuo Ueda is expected to maintain the BOJ's ultraloose monetary policy. \n</p>\n<p>\n     The BLS releases the jobs report for February. The economy is expected to have added 215,000 nonfarm jobs, following a gain of 517,000 in January. The January data outpaced consensus estimate by more than 300,000. Economists forecast the unemployment rate to remain unchanged at 3.4%, the lowest in more than a half-century. \n</p>\n<p>\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2023 21:48 ET (02:48 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Jobs Report; Powell Testifies; Sea, JD.com, CrowdStrike Earnings: What to Know This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJobs Report; Powell Testifies; Sea, JD.com, CrowdStrike Earnings: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-06 06:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Nicholas Jasinski \n</p>\n<p>\n  The latest data on the U.S. job market and several major earning reports will be this week's highlights. \n</p>\n<p>\n     On Wednesday, the Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey, or JOLTS. The consensus estimate is for 10.7 million job openings on the last business day of January, which would be a slight decline from December. \n</p>\n<p>\n     On Friday, the BLS releases February jobs data. Economists expect a gain of 215,000 nonfarm payrolls and for the unemployment rate to hold steady at 3.4%. Job growth surprised to the upside in January, with the U.S. economy adding 517,000 payrolls. \n</p>\n<p>\n     Companies reporting this week will include Ciena on Monday, CrowdStrike Holdings and Dick's Sporting Goods on Tuesday, and  Brown-Forman and Campbell Soup on Wednesday.  JD.com, Oracle, and Ulta Beauty will release results on Thursday. \n</p>\n<p>\n     General Electric will host an investor day on Thursday. Management will discuss expectations and plans for the year ahead and for the upcoming spinoff of GE's power business. Apple will hold its annual shareholders meeting on Friday. \n</p>\n<p>\n     Finally, the Bank of Japan will announce a monetary-policy decision on Friday. The central bank is expected to keep its short-term interest rate unchanged at negative 0.1%. \n</p>\n<p>\n     Monday 3/6 \n</p>\n<p>\n     Ciena, Nutanix, and Trip.com report quarterly results. \n</p>\n<p>\n     Merck hosts an investor event in New Orleans to discuss its cardiovascular drug pipeline, in conjunction with the American College of Cardiology and World Heart Federation Expo. \n</p>\n<p>\n     Tuesday 3/7 \n</p>\n<p>\n     Casey's General Store, CrowdStrike Holdings, and Dick's Sporting Goods announce earnings. \n</p>\n<p>\n     The Federal Reserve reports consumer credit data for January. In 2022, total consumer debt increased 7.8%, the largest jump since 2001, to a record $4.78 trillion. Nonrevolving credit -- mainly mortgages as well as auto and student loans -- rose 5.6%, while revolving credit -- mostly credit-card debt -- spiked 14.8%. \n</p>\n<p>\n     Wednesday 3/8 \n</p>\n<p>\n     ADP releases its National Employment report for February. Economists forecast an increase of 180,000 private-sector jobs, after a rise of 106,000 in January. The leisure and hospitality industry led the way in January. \n</p>\n<p>\n     Brown-Forman, Campbell Soup, and MongoDB release quarterly results. \n</p>\n<p>\n     The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10.7 million job openings on the last business day of January, slightly less than in December. Job openings remained historically elevated, and there are currently nearly two openings for every unemployed person. \n</p>\n<p>\n     Thursday 3/9 \n</p>\n<p>\n     JD.com, Oracle, and Ulta Beauty hold conference calls to discuss earnings. \n</p>\n<p>\n     General Electric hosts an investor meeting to discuss the coming year and the pending spinoff of GE Vernova, which includes GE's Digital, Renewable Energy, and Power business. The spinoff is expected to be completed early next year. \n</p>\n<p>\n     The Federal Reserve releases the Financial Accounts of the U.S., which includes total household net worth data, for the fourth quarter. As of Sept. 30, household net worth totaled $143.3 trillion, about $7 trillion less than the record high reached in the fourth quarter of 2021. \n</p>\n<p>\n     Friday 3/10 \n</p>\n<p>\n     Apple holds its annual shareholders meeting in a virtual format. \n</p>\n<p>\n     The Bank of Japan announces its monetary-policy decision. The central bank is expected to keep its short-term interest rate unchanged at negative 0.1%. Haruhiko Kuroda, the governor of the BOJ and architect of its negative interest-rate policy, will retire in April. Incoming Gov. Kazuo Ueda is expected to maintain the BOJ's ultraloose monetary policy. \n</p>\n<p>\n     The BLS releases the jobs report for February. The economy is expected to have added 215,000 nonfarm jobs, following a gain of 517,000 in January. The January data outpaced consensus estimate by more than 300,000. Economists forecast the unemployment rate to remain unchanged at 3.4%, the lowest in more than a half-century. \n</p>\n<p>\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2023 21:48 ET (02:48 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","CRWD":"CrowdStrike Holdings, Inc.","ISBC":"投资者银行","CIEN":"Ciena科技","ORCL":"甲骨文","GE":"GE航空航天",".DJI":"道琼斯","AAPL":"苹果","SE":"Sea Ltd",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317160870","content_text":"By Nicholas Jasinski \n\n\n  The latest data on the U.S. job market and several major earning reports will be this week's highlights. \n\n\n     On Wednesday, the Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey, or JOLTS. The consensus estimate is for 10.7 million job openings on the last business day of January, which would be a slight decline from December. \n\n\n     On Friday, the BLS releases February jobs data. Economists expect a gain of 215,000 nonfarm payrolls and for the unemployment rate to hold steady at 3.4%. Job growth surprised to the upside in January, with the U.S. economy adding 517,000 payrolls. \n\n\n     Companies reporting this week will include Ciena on Monday, CrowdStrike Holdings and Dick's Sporting Goods on Tuesday, and  Brown-Forman and Campbell Soup on Wednesday.  JD.com, Oracle, and Ulta Beauty will release results on Thursday. \n\n\n     General Electric will host an investor day on Thursday. Management will discuss expectations and plans for the year ahead and for the upcoming spinoff of GE's power business. Apple will hold its annual shareholders meeting on Friday. \n\n\n     Finally, the Bank of Japan will announce a monetary-policy decision on Friday. The central bank is expected to keep its short-term interest rate unchanged at negative 0.1%. \n\n\n     Monday 3/6 \n\n\n     Ciena, Nutanix, and Trip.com report quarterly results. \n\n\n     Merck hosts an investor event in New Orleans to discuss its cardiovascular drug pipeline, in conjunction with the American College of Cardiology and World Heart Federation Expo. \n\n\n     Tuesday 3/7 \n\n\n     Casey's General Store, CrowdStrike Holdings, and Dick's Sporting Goods announce earnings. \n\n\n     The Federal Reserve reports consumer credit data for January. In 2022, total consumer debt increased 7.8%, the largest jump since 2001, to a record $4.78 trillion. Nonrevolving credit -- mainly mortgages as well as auto and student loans -- rose 5.6%, while revolving credit -- mostly credit-card debt -- spiked 14.8%. \n\n\n     Wednesday 3/8 \n\n\n     ADP releases its National Employment report for February. Economists forecast an increase of 180,000 private-sector jobs, after a rise of 106,000 in January. The leisure and hospitality industry led the way in January. \n\n\n     Brown-Forman, Campbell Soup, and MongoDB release quarterly results. \n\n\n     The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10.7 million job openings on the last business day of January, slightly less than in December. Job openings remained historically elevated, and there are currently nearly two openings for every unemployed person. \n\n\n     Thursday 3/9 \n\n\n     JD.com, Oracle, and Ulta Beauty hold conference calls to discuss earnings. \n\n\n     General Electric hosts an investor meeting to discuss the coming year and the pending spinoff of GE Vernova, which includes GE's Digital, Renewable Energy, and Power business. The spinoff is expected to be completed early next year. \n\n\n     The Federal Reserve releases the Financial Accounts of the U.S., which includes total household net worth data, for the fourth quarter. As of Sept. 30, household net worth totaled $143.3 trillion, about $7 trillion less than the record high reached in the fourth quarter of 2021. \n\n\n     Friday 3/10 \n\n\n     Apple holds its annual shareholders meeting in a virtual format. \n\n\n     The Bank of Japan announces its monetary-policy decision. The central bank is expected to keep its short-term interest rate unchanged at negative 0.1%. Haruhiko Kuroda, the governor of the BOJ and architect of its negative interest-rate policy, will retire in April. Incoming Gov. Kazuo Ueda is expected to maintain the BOJ's ultraloose monetary policy. \n\n\n     The BLS releases the jobs report for February. The economy is expected to have added 215,000 nonfarm jobs, following a gain of 517,000 in January. The January data outpaced consensus estimate by more than 300,000. Economists forecast the unemployment rate to remain unchanged at 3.4%, the lowest in more than a half-century. \n\n\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2023 21:48 ET (02:48 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941590705,"gmtCreate":1680357492407,"gmtModify":1680357496196,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":28,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941590705","repostId":"2323082382","repostType":2,"repost":{"id":"2323082382","kind":"highlight","pubTimestamp":1680318323,"share":"https://ttm.financial/m/news/2323082382?lang=&edition=fundamental","pubTime":"2023-04-01 11:05","market":"us","language":"en","title":"2 Growth Stocks That Turned $20,000 Into $1 Million In the Last Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2323082382","media":"Motley Fool","summary":"These monster growth stocks have made patient shareholders much richer in the last 10 years.","content":"<html><head></head><body><p>A few big winners can turn a mediocre portfolio into a monster portfolio. <strong>Nvidia</strong> and <strong>Tesla</strong> are proof of that. Shares of Nvidia soared 8,250% over the past decade, meaning an initial investment of $20,000 would now be worth $1.7 million. Similarly, shares of Tesla climbed 7,340% over the past decade, turning an initial investment of $20,000 into nearly $1.5 million.</p><p>Are these growth stocks still worth buying?</p><h2>1. Nvidia</h2><p>Semiconductor company Nvidia stumbled last year as high inflation reduced demand for its gaming and data center chips. Revenue remained flat at $27 billion and free cash flow fell 53% to $3.8 billion. Unfortunately, management expects current quarter revenue to decline 22% as economic headwinds continue to suppress demand, though guidance implies operating expenses will also fall sharply.</p><p>However, Nvidia should find it easy to reaccelerate growth when economic conditions improve. Its graphics processing units (GPUs) are the gold standard for rendering realistic visual effects in video games and films, and for accelerating complex data center workloads like scientific computing and artificial intelligence (AI). In fact, Nvidia GPUs hold more than 90% market share in workstation graphics and supercomputer accelerators.</p><p>The company has recently branched into cloud software and services. Omniverse Cloud is a 3D design platform for metaverse applications. DGX Cloud provides on-demand access to Nvidia AI infrastructure, and it includes frameworks that accelerate AI application development in areas like retail, logistics, and healthcare. Nvidia also provides generative AI services for text, images, and video. For instance, investment company Morningstar uses the Nvidia NeMo model to scan and summarize financial documents.</p><p>Those cloud services build on the brand authority Nvidia has cultivated as a chipmaker, and they create new revenue streams that offer more regular cash flow and higher margins than the sale of cyclical hardware products. Management values its addressable market at $1 trillion, and Nvidia should benefit greatly as technologies like the metaverse and AI continue to evolve.</p><p>Currently, shares trade at 24.4 times sales, above the three-year average of 20.7 times sales. That valuation is far from cheap, but Nvidia is the heart of the burgeoning AI industry, so investors should still consider buying a small position in this growth stock today.</p><h2>2. Tesla</h2><p>Tesla faced an onslaught of headwinds last year. Supply chain problems and factory closures hindered production, while high inflation and rising interest rates hammered sales across the auto industry. Tesla managed to grow deliveries 40% to 1.3 million vehicles, but that figure fell short of its medium-term guidance calling for 50% annual growth. Fourth-quarter deliveries also fell short of the Wall Street consensus by a wide margin.</p><p>Some analysts have explained that shortfall as a demand problem, but management brushed those concerns aside during the latest earnings call. CEO Elon Musk said the company was receiving orders at nearly twice the rate of production. Better yet, despite encountering a number of roadblocks throughout the year, Tesla reported impressive financial results. Revenue increased 51% to $81.5 billion, and GAAP net income soared 122% to $3.62 per diluted share. Tesla also led the industry with 18.2% market share in battery electric vehicles.</p><p>Additionally, the company achieved an operating margin of 16.8% last year, the highest among any volume carmaker. Musk attributes that accomplishment to manufacturing prowess, noting that Tesla has the most advanced manufacturing technology on the planet. Better yet, there are several reasons to believe the company will become more profitable in the future.</p><p>Tesla should see its logistics costs fall as production ramps at Gigafactory Berlin, its first European factory, simply because the company can now produce cars locally in that market. Tesla is also scaling production of its 4680 battery cell, a technology that promises to reinforce its cost leadership in battery pack production. The company can already produce battery packs (the most expensive part of an electric car) at a lower cost per kilowatt-hour than any other carmaker, but management says the 4680 cell will eventually cut costs by 56%.</p><p>Finally, Tesla sees significant margin upside from its full self-driving (FSD) software. A beta version of the product was released to customers in North America last year, and Tesla plans to take the next step toward autonomous ride hailing by mass-producing a robotaxi next year. Ultimately, management believes FSD technology will be the company&#39;s most important source of profitability.</p><p>Tesla sits in front of a sizable market opportunity. Global electric car sales are expected to grow at 23% annually to hit $1.1 trillion by 2030, according to Precedence Research. And the autonomous vehicles market is expected to grow at 40% annually to reach $2.1 trillion by 2030, according to Research and Markets. As the current leader in battery electric vehicles and one of the leading AI companies (according to Musk), Tesla is set to benefit from both tailwinds. The stock currently trades at 8 times sales, a very rich valuation for a carmaker.</p><p>Investors must decide whether Tesla is a carmaker that dabbles in AI, or an AI company that makes cars. Those who find the second description more accurate should consider buying a few shares of this growth stock today. If Tesla does indeed disrupt the mobility industry with robotaxis, its revenue (and margins) could grow quickly and the current valuation multiple could fall in a hurry.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Growth Stocks That Turned $20,000 Into $1 Million In the Last Decade</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\">\n2 Growth Stocks That Turned $20,000 Into $1 Million In the Last Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-01 11:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/31/2-growth-stocks-turned-20000-into-1-million-decade/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A few big winners can turn a mediocre portfolio into a monster portfolio. Nvidia and Tesla are proof of that. Shares of Nvidia soared 8,250% over the past decade, meaning an initial investment of $20,...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/31/2-growth-stocks-turned-20000-into-1-million-decade/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4527":"明星科技股","BK4579":"人工智能","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4588":"碎股","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4551":"寇图资本持仓","SG9999002232.USD":"Allianz Global High Payout USD","LU0109392836.USD":"富兰克林科技股A","TSLA":"特斯拉","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4511":"特斯拉概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","BK4023":"应用软件","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","NVDA":"英伟达","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4585":"ETF&股票定投概念","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4567":"ESG概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H"},"source_url":"https://www.fool.com/investing/2023/03/31/2-growth-stocks-turned-20000-into-1-million-decade/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323082382","content_text":"A few big winners can turn a mediocre portfolio into a monster portfolio. Nvidia and Tesla are proof of that. Shares of Nvidia soared 8,250% over the past decade, meaning an initial investment of $20,000 would now be worth $1.7 million. Similarly, shares of Tesla climbed 7,340% over the past decade, turning an initial investment of $20,000 into nearly $1.5 million.Are these growth stocks still worth buying?1. NvidiaSemiconductor company Nvidia stumbled last year as high inflation reduced demand for its gaming and data center chips. Revenue remained flat at $27 billion and free cash flow fell 53% to $3.8 billion. Unfortunately, management expects current quarter revenue to decline 22% as economic headwinds continue to suppress demand, though guidance implies operating expenses will also fall sharply.However, Nvidia should find it easy to reaccelerate growth when economic conditions improve. Its graphics processing units (GPUs) are the gold standard for rendering realistic visual effects in video games and films, and for accelerating complex data center workloads like scientific computing and artificial intelligence (AI). In fact, Nvidia GPUs hold more than 90% market share in workstation graphics and supercomputer accelerators.The company has recently branched into cloud software and services. Omniverse Cloud is a 3D design platform for metaverse applications. DGX Cloud provides on-demand access to Nvidia AI infrastructure, and it includes frameworks that accelerate AI application development in areas like retail, logistics, and healthcare. Nvidia also provides generative AI services for text, images, and video. For instance, investment company Morningstar uses the Nvidia NeMo model to scan and summarize financial documents.Those cloud services build on the brand authority Nvidia has cultivated as a chipmaker, and they create new revenue streams that offer more regular cash flow and higher margins than the sale of cyclical hardware products. Management values its addressable market at $1 trillion, and Nvidia should benefit greatly as technologies like the metaverse and AI continue to evolve.Currently, shares trade at 24.4 times sales, above the three-year average of 20.7 times sales. That valuation is far from cheap, but Nvidia is the heart of the burgeoning AI industry, so investors should still consider buying a small position in this growth stock today.2. TeslaTesla faced an onslaught of headwinds last year. Supply chain problems and factory closures hindered production, while high inflation and rising interest rates hammered sales across the auto industry. Tesla managed to grow deliveries 40% to 1.3 million vehicles, but that figure fell short of its medium-term guidance calling for 50% annual growth. Fourth-quarter deliveries also fell short of the Wall Street consensus by a wide margin.Some analysts have explained that shortfall as a demand problem, but management brushed those concerns aside during the latest earnings call. CEO Elon Musk said the company was receiving orders at nearly twice the rate of production. Better yet, despite encountering a number of roadblocks throughout the year, Tesla reported impressive financial results. Revenue increased 51% to $81.5 billion, and GAAP net income soared 122% to $3.62 per diluted share. Tesla also led the industry with 18.2% market share in battery electric vehicles.Additionally, the company achieved an operating margin of 16.8% last year, the highest among any volume carmaker. Musk attributes that accomplishment to manufacturing prowess, noting that Tesla has the most advanced manufacturing technology on the planet. Better yet, there are several reasons to believe the company will become more profitable in the future.Tesla should see its logistics costs fall as production ramps at Gigafactory Berlin, its first European factory, simply because the company can now produce cars locally in that market. Tesla is also scaling production of its 4680 battery cell, a technology that promises to reinforce its cost leadership in battery pack production. The company can already produce battery packs (the most expensive part of an electric car) at a lower cost per kilowatt-hour than any other carmaker, but management says the 4680 cell will eventually cut costs by 56%.Finally, Tesla sees significant margin upside from its full self-driving (FSD) software. A beta version of the product was released to customers in North America last year, and Tesla plans to take the next step toward autonomous ride hailing by mass-producing a robotaxi next year. Ultimately, management believes FSD technology will be the company's most important source of profitability.Tesla sits in front of a sizable market opportunity. Global electric car sales are expected to grow at 23% annually to hit $1.1 trillion by 2030, according to Precedence Research. And the autonomous vehicles market is expected to grow at 40% annually to reach $2.1 trillion by 2030, according to Research and Markets. As the current leader in battery electric vehicles and one of the leading AI companies (according to Musk), Tesla is set to benefit from both tailwinds. The stock currently trades at 8 times sales, a very rich valuation for a carmaker.Investors must decide whether Tesla is a carmaker that dabbles in AI, or an AI company that makes cars. Those who find the second description more accurate should consider buying a few shares of this growth stock today. If Tesla does indeed disrupt the mobility industry with robotaxis, its revenue (and margins) could grow quickly and the current valuation multiple could fall in a hurry.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946464546,"gmtCreate":1681025843286,"gmtModify":1681025847188,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":25,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946464546","repostId":"2325952321","repostType":2,"repost":{"id":"2325952321","kind":"highlight","pubTimestamp":1681011787,"share":"https://ttm.financial/m/news/2325952321?lang=&edition=fundamental","pubTime":"2023-04-09 11:43","market":"us","language":"en","title":"These 3 Stocks Could Race Higher at the Drop of a Hat","url":"https://stock-news.laohu8.com/highlight/detail?id=2325952321","media":"Motley Fool","summary":"Tech stocks are on fire in 2023 -- and these three are the cream of the crop.","content":"<html><head></head><body><p>The first quarter of 2023 is in the books, and it was a decent one for the major indexes. The <strong>Nasdaq</strong> <strong>Composite</strong>, <strong>S&amp;P 500</strong>, and <strong>Dow Jones Industrial Average</strong> gained 16.7%, 7%, and 0.4%, respectively.</p><p>With the tech-heavy Nasdaq leading the way higher, some investors are wondering: What technology names are worth owning right now? </p><p>These three Motley Fool contributors are eyeing <a href=\"https://laohu8.com/S/SE\">Sea Limited </a>, <a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies </a>, and <a href=\"https://laohu8.com/S/ADBE\">Adobe</a>. Here&#39;s why.</p><h2>A banking crisis overshadows SoFi&#39;s numerous positives</h2><p><strong>Justin Pope</strong> <strong>(SoFi Technologies):</strong> It&#39;s been tough living as a digital bank for <a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a>. The company&#39;s been plagued by a student loan freeze for several years, and the recent banking crisis has only shaken investor confidence in smaller lenders. Shares are trading near the low end of their 52-week range, down 77% from their high.</p><p>But the bank&#39;s on firmer ground than its share price might indicate. First, SoFi is well capitalized -- well above the minimum financial ratios regulators mandate, and its depositor base of 5.2 million members is more diversified than a bank like Silicon Valley Bank. Second, there&#39;s a student loan freeze in effect, which has hurt SoFi&#39;s loan refinancing business, which was huge before the pandemic.</p><p>However, it hasn&#39;t stopped SoFi from marching toward profitability. The company posted non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) of $143 million in 2022 and is guiding for $260 million to $280 million for 2023. Importantly, management expects net income under generally accepted accounting principles (GAAP) to turn positive by the end of the year.</p><p>Between a banking crisis and a student loan freeze, it&#39;s hard to imagine what else could go wrong for SoFi. That&#39;s why the stock could rebound when the smoke clears. The student loan freeze seems on course to end later this year, and it looks like the government will do what&#39;s needed to ensure confidence in the banking system.</p><p>Then, investors might better appreciate SoFi&#39;s rapidly growing user base, looming profitability, and strong balance sheet. CEO Anthony Noto reiterated his confidence, buying roughly $1.2 million in stock last month. You can&#39;t predict when, but SoFi&#39;s stock could spring higher at the first sign of positive news.</p><h2>The tech conglomerate that may soon seem &#39;unlimited&#39;</h2><p><strong>Will Healy</strong> <strong>(Sea Limited): </strong>Admittedly, <a href=\"https://laohu8.com/S/SE\">Sea Limited</a> stock may appear to have moved too far too fast. Since falling to a low of just under $41 per share last November, it has more than doubled.</p><p>Still, in other ways, Sea Limited appears far from done. The tech conglomerate, which includes the e-commerce business Shopee and fintech segment Sea Money, has drawn investor interest amid a push to cut costs and turn profitable.</p><p>Sea Money has continued to grow at a triple-digit clip, though it only makes up around 10% of the company&#39;s revenue. Earlier in the year, Shopee reversed most of its expansion plans outside its core Southeast Asian market. But the strategy seems to have worked as e-commerce revenue of $7.3 billion rose 42% in 2022 compared with the prior year.</p><p>Additionally, the factor that could make Sea Limited&#39;s stock fully turn around is the reversal of declining revenue in its gaming segment, Garena. Garena&#39;s <em>Free Fire </em>was the world&#39;s most downloaded mobile game from 2019 to 2021, but its popularity has waned amid a decline in the gaming industry. Consequently, Garena&#39;s revenue dropped 9% in 2022 to $3.9 billion.</p><p>However, Newzoo forecasts player numbers will grow from 3.2 billion in 2022 to 3.5 billion by 2025. Such growth should help reverse declines in the gaming industry. That could accelerate Sea Limited&#39;s revenue growth, which in 2022 surged 25% to $12.4 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7498cb1aa3bf16d1bb26dcaf39931135\" tg-width=\"720\" tg-height=\"433\"/></p><p>SE PS Ratio data by YCharts</p><p>Moreover, despite the recent surge in the stock price, investors should remember that Sea Limited sells at a discount of more than 70% from its all-time high in the fall of 2021. As a result, it trades at a P/S ratio of 4. That is just above all-time lows and well below the record sales multiple of just above 30 in 2021.</p><p>Such a valuation could induce investors to brave the waters. And given the entertainment stock&#39;s potential when all three segments are in a growth mode, the new bull market in Sea Limited stock may have only just begun.</p><h2>Adobe&#39;s stock is still a bargain</h2><p><strong>Jake Lerch (Adobe):</strong> Shares of software giant <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> have been on a wild ride over the last year and a half. The stock is still more than 44% off its all-time high of $688.37, even after rallying 35% over the last six months.</p><p>Yet, to my eye, Adobe has room to run higher from here -- <em>much higher</em>. Why? Two reasons.</p><p>First, Wall Street has been wrong. Many analysts have expected a pullback in demand for Adobe&#39;s products that just hasn&#39;t materialized. The company has beaten earnings expectations in four straight quarters. Adobe&#39;s rockstar lineup of products, including Creative Cloud, Document Cloud, and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud, continue to draw in new customers and help retain existing ones.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a973d5cfbfe76f197b5f5eae7c9931b1\" tg-width=\"720\" tg-height=\"449\"/></p><p>ADBE data by YCharts</p><p>Second, Adobe&#39;s valuation still looks attractive. As you can see above, Adobe&#39;s stock price has more or less tracked its trailing-12-month revenue over the last 10 years. However, right now, its stock price is lagging far behind its revenue. This is why the company&#39;s price-to-sales ratio stands at 10, below its long-term average of 12.</p><p>I expect Adobe will deliver solid sales and earnings results going forward -- thanks to its subscription model and its best-of-breed creative software solutions. And if that happens, Adobe&#39;s stock could be off to the races.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Stocks Could Race Higher at the Drop of a Hat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 3 Stocks Could Race Higher at the Drop of a Hat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-09 11:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/04/08/prediction-these-3-stocks-could-race-higher-at-the/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first quarter of 2023 is in the books, and it was a decent one for the major indexes. The Nasdaq Composite, S&P 500, and Dow Jones Industrial Average gained 16.7%, 7%, and 0.4%, respectively.With ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/04/08/prediction-these-3-stocks-could-race-higher-at-the/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd","SOFI":"SoFi Technologies Inc.","ADBE":"Adobe"},"source_url":"https://www.fool.com/investing/2023/04/08/prediction-these-3-stocks-could-race-higher-at-the/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2325952321","content_text":"The first quarter of 2023 is in the books, and it was a decent one for the major indexes. The Nasdaq Composite, S&P 500, and Dow Jones Industrial Average gained 16.7%, 7%, and 0.4%, respectively.With the tech-heavy Nasdaq leading the way higher, some investors are wondering: What technology names are worth owning right now? These three Motley Fool contributors are eyeing Sea Limited , SoFi Technologies , and Adobe. Here's why.A banking crisis overshadows SoFi's numerous positivesJustin Pope (SoFi Technologies): It's been tough living as a digital bank for SoFi Technologies. The company's been plagued by a student loan freeze for several years, and the recent banking crisis has only shaken investor confidence in smaller lenders. Shares are trading near the low end of their 52-week range, down 77% from their high.But the bank's on firmer ground than its share price might indicate. First, SoFi is well capitalized -- well above the minimum financial ratios regulators mandate, and its depositor base of 5.2 million members is more diversified than a bank like Silicon Valley Bank. Second, there's a student loan freeze in effect, which has hurt SoFi's loan refinancing business, which was huge before the pandemic.However, it hasn't stopped SoFi from marching toward profitability. The company posted non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) of $143 million in 2022 and is guiding for $260 million to $280 million for 2023. Importantly, management expects net income under generally accepted accounting principles (GAAP) to turn positive by the end of the year.Between a banking crisis and a student loan freeze, it's hard to imagine what else could go wrong for SoFi. That's why the stock could rebound when the smoke clears. The student loan freeze seems on course to end later this year, and it looks like the government will do what's needed to ensure confidence in the banking system.Then, investors might better appreciate SoFi's rapidly growing user base, looming profitability, and strong balance sheet. CEO Anthony Noto reiterated his confidence, buying roughly $1.2 million in stock last month. You can't predict when, but SoFi's stock could spring higher at the first sign of positive news.The tech conglomerate that may soon seem 'unlimited'Will Healy (Sea Limited): Admittedly, Sea Limited stock may appear to have moved too far too fast. Since falling to a low of just under $41 per share last November, it has more than doubled.Still, in other ways, Sea Limited appears far from done. The tech conglomerate, which includes the e-commerce business Shopee and fintech segment Sea Money, has drawn investor interest amid a push to cut costs and turn profitable.Sea Money has continued to grow at a triple-digit clip, though it only makes up around 10% of the company's revenue. Earlier in the year, Shopee reversed most of its expansion plans outside its core Southeast Asian market. But the strategy seems to have worked as e-commerce revenue of $7.3 billion rose 42% in 2022 compared with the prior year.Additionally, the factor that could make Sea Limited's stock fully turn around is the reversal of declining revenue in its gaming segment, Garena. Garena's Free Fire was the world's most downloaded mobile game from 2019 to 2021, but its popularity has waned amid a decline in the gaming industry. Consequently, Garena's revenue dropped 9% in 2022 to $3.9 billion.However, Newzoo forecasts player numbers will grow from 3.2 billion in 2022 to 3.5 billion by 2025. Such growth should help reverse declines in the gaming industry. That could accelerate Sea Limited's revenue growth, which in 2022 surged 25% to $12.4 billion.SE PS Ratio data by YChartsMoreover, despite the recent surge in the stock price, investors should remember that Sea Limited sells at a discount of more than 70% from its all-time high in the fall of 2021. As a result, it trades at a P/S ratio of 4. That is just above all-time lows and well below the record sales multiple of just above 30 in 2021.Such a valuation could induce investors to brave the waters. And given the entertainment stock's potential when all three segments are in a growth mode, the new bull market in Sea Limited stock may have only just begun.Adobe's stock is still a bargainJake Lerch (Adobe): Shares of software giant Adobe have been on a wild ride over the last year and a half. The stock is still more than 44% off its all-time high of $688.37, even after rallying 35% over the last six months.Yet, to my eye, Adobe has room to run higher from here -- much higher. Why? Two reasons.First, Wall Street has been wrong. Many analysts have expected a pullback in demand for Adobe's products that just hasn't materialized. The company has beaten earnings expectations in four straight quarters. Adobe's rockstar lineup of products, including Creative Cloud, Document Cloud, and Experience Cloud, continue to draw in new customers and help retain existing ones.ADBE data by YChartsSecond, Adobe's valuation still looks attractive. As you can see above, Adobe's stock price has more or less tracked its trailing-12-month revenue over the last 10 years. However, right now, its stock price is lagging far behind its revenue. This is why the company's price-to-sales ratio stands at 10, below its long-term average of 12.I expect Adobe will deliver solid sales and earnings results going forward -- thanks to its subscription model and its best-of-breed creative software solutions. And if that happens, Adobe's stock could be off to the races.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940838007,"gmtCreate":1677801656409,"gmtModify":1677801660670,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":24,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940838007","repostId":"2316960400","repostType":4,"repost":{"id":"2316960400","kind":"highlight","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":1677797923,"share":"https://ttm.financial/m/news/2316960400?lang=&edition=fundamental","pubTime":"2023-03-03 06:58","market":"us","language":"en","title":"U.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause","url":"https://stock-news.laohu8.com/highlight/detail?id=2316960400","media":"Reuters","summary":"10-yr Treasury yield holds above 4%Salesforce poised for biggest daily pct gain since August 2020Wee","content":"<html><head></head><body><ul><li>10-yr Treasury yield holds above 4%</li><li>Salesforce poised for biggest daily pct gain since August 2020</li><li>Weekly jobless claims fall more than expected</li><li>Dow up 1.05%, S&amp;P 500 up 0.76%, Nasdaq up 0.73%</li></ul><p><img src=\"https://static.tigerbbs.com/33967626775041ea9a89c9d69c051002\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.</p><p>Bostic said the central bank could be in a position to pause rate hikes sometime this summer.</p><p>In an argument for quarter-point hikes, Bostic said he favored &#34;slow and steady&#34; as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.</p><p>The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.</p><p>The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.</p><p>&#34;Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,&#34; said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.</p><p>&#34;The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.&#34;</p><p>The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&amp;P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.</p><p>Fed funds futures tied to the Fed&#39;s policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.</p><p>At the closing bell, Fed Governor Christopher Waller said a string of &#34;hot&#34; data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.</p><p>Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed&#39;s March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.</p><p>The S&amp;P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.</p><p>Salesforce Inc    soared 11.50% to notch its biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts&#39; estimates and doubled its share buyback to $20 billion.</p><p>Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team&#39;s four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.</p><p>Macy&#39;s Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,</p><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a>    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.</p><p>Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause</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\">\nU.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-03-03 06:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>10-yr Treasury yield holds above 4%</li><li>Salesforce poised for biggest daily pct gain since August 2020</li><li>Weekly jobless claims fall more than expected</li><li>Dow up 1.05%, S&amp;P 500 up 0.76%, Nasdaq up 0.73%</li></ul><p><img src=\"https://static.tigerbbs.com/33967626775041ea9a89c9d69c051002\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.</p><p>Bostic said the central bank could be in a position to pause rate hikes sometime this summer.</p><p>In an argument for quarter-point hikes, Bostic said he favored &#34;slow and steady&#34; as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.</p><p>The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.</p><p>The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.</p><p>&#34;Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,&#34; said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.</p><p>&#34;The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.&#34;</p><p>The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&amp;P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.</p><p>Fed funds futures tied to the Fed&#39;s policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.</p><p>At the closing bell, Fed Governor Christopher Waller said a string of &#34;hot&#34; data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.</p><p>Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed&#39;s March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.</p><p>The S&amp;P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.</p><p>Salesforce Inc    soared 11.50% to notch its biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts&#39; estimates and doubled its share buyback to $20 billion.</p><p>Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team&#39;s four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.</p><p>Macy&#39;s Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,</p><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a>    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.</p><p>Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4511":"特斯拉概念","BK4099":"汽车制造商","LU1046421795.USD":"富达环球科技A-ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4561":"索罗斯持仓","DJX":"1/100道琼斯","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","BK4551":"寇图资本持仓","IVV":"标普500指数ETF","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","SH":"标普500反向ETF","DOG":"道指反向ETF","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4550":"红杉资本持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4585":"ETF&股票定投概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","UDOW":"道指三倍做多ETF-ProShares","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4082":"医疗保健设备","SPXU":"三倍做空标普500ETF","CGEM":"Cullinan Therapeutics","BK4567":"ESG概念","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc",".DJI":"道琼斯","BK4588":"碎股","LU2063271972.USD":"富兰克林创新领域基金","SDOW":"道指三倍做空ETF-ProShares",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","SANA":"Sana Biotechnology, Inc.",".SPX":"S&P 500 Index","BK4528":"SaaS概念","OEX":"标普100","SDS":"两倍做空标普500ETF","DXD":"道指两倍做空ETF","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4548":"巴美列捷福持仓","BK4504":"桥水持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316960400","content_text":"10-yr Treasury yield holds above 4%Salesforce poised for biggest daily pct gain since August 2020Weekly jobless claims fall more than expectedDow up 1.05%, S&P 500 up 0.76%, Nasdaq up 0.73%NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.Bostic said the central bank could be in a position to pause rate hikes sometime this summer.In an argument for quarter-point hikes, Bostic said he favored \"slow and steady\" as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.\"Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,\" said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.\"The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.\"The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.Fed funds futures tied to the Fed's policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.At the closing bell, Fed Governor Christopher Waller said a string of \"hot\" data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed's March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.The S&P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.Salesforce Inc    soared 11.50% to notch its biggest one-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts' estimates and doubled its share buyback to $20 billion.Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team's four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.Macy's Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,Silvergate Capital    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.The S&P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948159747,"gmtCreate":1680654291090,"gmtModify":1680654294820,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948159747","repostId":"2325438792","repostType":2,"repost":{"id":"2325438792","kind":"highlight","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":1680648766,"share":"https://ttm.financial/m/news/2325438792?lang=&edition=fundamental","pubTime":"2023-04-05 06:52","market":"us","language":"en","title":"Wall Street Ends Down As Weak Economic Data Fuels Recession Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=2325438792","media":"Reuters","summary":"*U.S. factory orders, job openings fall in February*Virgin Orbit slumps after filing for bankruptcy*","content":"<html><head></head><body><p>*U.S. factory orders, job openings fall in February</p><p>*Virgin Orbit slumps after filing for bankruptcy</p><p>*AMC Entertainment falls after litigation deal</p><p>*Indexes: S&amp;P 500 -0.58%, Nasdaq -0.52%, Dow -0.59%</p><p>April 4 (Reuters) - Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve&#39;s campaign to rein in decades-high inflation may cause a deep downturn.</p><p>All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor market was cooling, while factory orders fell for a second straight month.</p><p>Data on Monday had also pointed to weakening U.S. manufacturing activity.</p><p>&#34;The number of job openings has decreased, which makes people worry that hiring is going too slow, and that will be bad for the economy. That feeds into recessionary fears,&#34; said Sal Bruno, Chief Investment Officer at IndexIQ in New York.</p><p>Bank stocks took a hit after JPMorgan Chase &amp; Co CEO Jaime Dimon warned in a letter to shareholders that the U.S. banking crisis is ongoing and that its impact will be felt for years.</p><p>Bank of America and Wells Fargo &amp; Co dropped more than 2%, and the S&amp;P 500 banks index fell 1.9%.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by industrials , down 2.25%, followed by a 1.72% loss in energy.</p><p>The S&amp;P 500 declined 0.58% to end the session at 4,100.68 points, closing lower for the first time in a week.</p><p>The Nasdaq declined 0.52% to 12,126.33 points, while the Dow Jones Industrial Average declined 0.59% to 33,402.38 points.</p><p>Caterpillar Inc, viewed as bellwether for the industrial sector, fell 5.4%.</p><p>Heavyweight chipmaker Nvidia lost 1.8%, weighing more than any other stock on the S&amp;P 500&#39;s decline.</p><p>Healthcare and utilities , which many investors expect to hold up better during an economic slowdown, were among the few S&amp;P 500 sector indexes gaining on Tuesday.</p><p>Trading in interest rate futures shows bets are now tilted toward a pause by the Fed in May, with odds of a 25-basis point rate hike at 42%, compared with nearly 60% before the data, according to CME Group&#39;s Fedwatch tool.</p><p>So far in 2023, the S&amp;P 500 has gained nearly 7% and it remains down about 15% from its record high close in January 2022.</p><p>Virgin Orbit Holdings Inc slumped 23.2% after the satellite launch company filed for Chapter 11 bankruptcy on failing to secure long-term funding.</p><p>AMC Entertainment Holdings Inc shares tumbled 23.5% after the movie theater chain said it agreed to settle litigation and proceed with converting its preferred stock into common shares.</p><p>Shares of <a href=\"https://laohu8.com/S/DWAC\">Digital World Acquisition Corp</a> fell 8% after the SPAC linked to former U.S. President Donald Trump delayed the filing of its annual financial report.</p><p>Volume on U.S. exchanges was relatively light, with 10.3 billion shares traded, compared to an average of 12.8 billion shares over the previous 20 sessions.</p><p>Across the U.S. stock market , declining stocks outnumbered rising ones by a 2.2-to-one ratio.</p><p>The S&amp;P 500 posted 14 new highs and one new lows; the Nasdaq recorded 64 new highs and 238 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Ends Down As Weak Economic Data Fuels Recession Fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Ends Down As Weak Economic Data Fuels Recession Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-04-05 06:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>*U.S. factory orders, job openings fall in February</p><p>*Virgin Orbit slumps after filing for bankruptcy</p><p>*AMC Entertainment falls after litigation deal</p><p>*Indexes: S&amp;P 500 -0.58%, Nasdaq -0.52%, Dow -0.59%</p><p>April 4 (Reuters) - Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve&#39;s campaign to rein in decades-high inflation may cause a deep downturn.</p><p>All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor market was cooling, while factory orders fell for a second straight month.</p><p>Data on Monday had also pointed to weakening U.S. manufacturing activity.</p><p>&#34;The number of job openings has decreased, which makes people worry that hiring is going too slow, and that will be bad for the economy. That feeds into recessionary fears,&#34; said Sal Bruno, Chief Investment Officer at IndexIQ in New York.</p><p>Bank stocks took a hit after JPMorgan Chase &amp; Co CEO Jaime Dimon warned in a letter to shareholders that the U.S. banking crisis is ongoing and that its impact will be felt for years.</p><p>Bank of America and Wells Fargo &amp; Co dropped more than 2%, and the S&amp;P 500 banks index fell 1.9%.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by industrials , down 2.25%, followed by a 1.72% loss in energy.</p><p>The S&amp;P 500 declined 0.58% to end the session at 4,100.68 points, closing lower for the first time in a week.</p><p>The Nasdaq declined 0.52% to 12,126.33 points, while the Dow Jones Industrial Average declined 0.59% to 33,402.38 points.</p><p>Caterpillar Inc, viewed as bellwether for the industrial sector, fell 5.4%.</p><p>Heavyweight chipmaker Nvidia lost 1.8%, weighing more than any other stock on the S&amp;P 500&#39;s decline.</p><p>Healthcare and utilities , which many investors expect to hold up better during an economic slowdown, were among the few S&amp;P 500 sector indexes gaining on Tuesday.</p><p>Trading in interest rate futures shows bets are now tilted toward a pause by the Fed in May, with odds of a 25-basis point rate hike at 42%, compared with nearly 60% before the data, according to CME Group&#39;s Fedwatch tool.</p><p>So far in 2023, the S&amp;P 500 has gained nearly 7% and it remains down about 15% from its record high close in January 2022.</p><p>Virgin Orbit Holdings Inc slumped 23.2% after the satellite launch company filed for Chapter 11 bankruptcy on failing to secure long-term funding.</p><p>AMC Entertainment Holdings Inc shares tumbled 23.5% after the movie theater chain said it agreed to settle litigation and proceed with converting its preferred stock into common shares.</p><p>Shares of <a href=\"https://laohu8.com/S/DWAC\">Digital World Acquisition Corp</a> fell 8% after the SPAC linked to former U.S. President Donald Trump delayed the filing of its annual financial report.</p><p>Volume on U.S. exchanges was relatively light, with 10.3 billion shares traded, compared to an average of 12.8 billion shares over the previous 20 sessions.</p><p>Across the U.S. stock market , declining stocks outnumbered rising ones by a 2.2-to-one ratio.</p><p>The S&amp;P 500 posted 14 new highs and one new lows; the Nasdaq recorded 64 new highs and 238 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","CAT":"卡特彼勒","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","BK4207":"综合性银行","WFC":"富国银行","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","NVDA":"英伟达","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4534":"瑞士信贷持仓","VORB":"维珍轨道","BK4007":"制药","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4566":"资本集团","BK4196":"保健护理服务","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4082":"医疗保健设备","LU1261432733.SGD":"Fidelity World A-ACC-SGD",".DJI":"道琼斯","BK4588":"碎股",".IXIC":"NASDAQ Composite","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2",".SPX":"S&P 500 Index","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","AMC":"AMC院线"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2325438792","content_text":"*U.S. factory orders, job openings fall in February*Virgin Orbit slumps after filing for bankruptcy*AMC Entertainment falls after litigation deal*Indexes: S&P 500 -0.58%, Nasdaq -0.52%, Dow -0.59%April 4 (Reuters) - Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve's campaign to rein in decades-high inflation may cause a deep downturn.All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor market was cooling, while factory orders fell for a second straight month.Data on Monday had also pointed to weakening U.S. manufacturing activity.\"The number of job openings has decreased, which makes people worry that hiring is going too slow, and that will be bad for the economy. That feeds into recessionary fears,\" said Sal Bruno, Chief Investment Officer at IndexIQ in New York.Bank stocks took a hit after JPMorgan Chase & Co CEO Jaime Dimon warned in a letter to shareholders that the U.S. banking crisis is ongoing and that its impact will be felt for years.Bank of America and Wells Fargo & Co dropped more than 2%, and the S&P 500 banks index fell 1.9%.Of the 11 S&P 500 sector indexes, seven declined, led lower by industrials , down 2.25%, followed by a 1.72% loss in energy.The S&P 500 declined 0.58% to end the session at 4,100.68 points, closing lower for the first time in a week.The Nasdaq declined 0.52% to 12,126.33 points, while the Dow Jones Industrial Average declined 0.59% to 33,402.38 points.Caterpillar Inc, viewed as bellwether for the industrial sector, fell 5.4%.Heavyweight chipmaker Nvidia lost 1.8%, weighing more than any other stock on the S&P 500's decline.Healthcare and utilities , which many investors expect to hold up better during an economic slowdown, were among the few S&P 500 sector indexes gaining on Tuesday.Trading in interest rate futures shows bets are now tilted toward a pause by the Fed in May, with odds of a 25-basis point rate hike at 42%, compared with nearly 60% before the data, according to CME Group's Fedwatch tool.So far in 2023, the S&P 500 has gained nearly 7% and it remains down about 15% from its record high close in January 2022.Virgin Orbit Holdings Inc slumped 23.2% after the satellite launch company filed for Chapter 11 bankruptcy on failing to secure long-term funding.AMC Entertainment Holdings Inc shares tumbled 23.5% after the movie theater chain said it agreed to settle litigation and proceed with converting its preferred stock into common shares.Shares of Digital World Acquisition Corp fell 8% after the SPAC linked to former U.S. President Donald Trump delayed the filing of its annual financial report.Volume on U.S. exchanges was relatively light, with 10.3 billion shares traded, compared to an average of 12.8 billion shares over the previous 20 sessions.Across the U.S. stock market , declining stocks outnumbered rising ones by a 2.2-to-one ratio.The S&P 500 posted 14 new highs and one new lows; the Nasdaq recorded 64 new highs and 238 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941643190,"gmtCreate":1680228769811,"gmtModify":1680228773570,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9941643190","repostId":"2323455677","repostType":2,"repost":{"id":"2323455677","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1680218739,"share":"https://ttm.financial/m/news/2323455677?lang=&edition=fundamental","pubTime":"2023-03-31 07:25","market":"us","language":"en","title":"Michael Burry of \"Big Short\" Fame Says He Was \"Wrong\" to Tell Investors to \"Sell\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2323455677","media":"Dow Jones","summary":"Michael Burry, the hedge-fund manager at Scion Asset Management made famous by Michael Lewis's book ","content":"<html><head></head><body><p>Michael Burry, the hedge-fund manager at Scion Asset Management made famous by Michael Lewis&#39;s book &#34;the Big Short,&#34; said in a Thursday tweet that he was &#34;wrong&#34; to tell investors to sell stocks two months ago.</p><p>Burry issued a one-word tweet on Jan. 31 advising his followers to &#34;sell.&#34; While he didn&#39;t elaborate, MarketWatch&#39;s Steve Goldstein noted at the time that it wasn&#39;t hard to fill in the blanks.</p><p>The hedge-fund manager, who correctly anticipated the collapse of the U.S. housing market that triggered the 2008 financial crisis, was advising his followers to sell stocks after a stellar January run-up that saw the Nasdaq Composite rise 10.7%, according to FactSet -- its best start to a year in nearly two decades.</p><p>On Feb. 2, a few days after Burry&#39;s &#34;sell&#34; tweet, the S&amp;P 500 index closed at 4,179.76 after the Fed delivered a 25 basis point interest rate hike. That proved to be the large-cap index&#39;s highest close of 2023, as several weeks of declines followed. The index has fallen roughly 3% since that day, according to FactSet data.</p><p>But the trend changed once again in March, as U.S. stocks proved surprisingly resilient, shrugging off a transatlantic crisis of confidence in the banking sector, renewed fears of an economic downturn, and expectations that S&amp;P 500 companies suffered their biggest quarterly earnings decline since the second quarter of 2020.</p><p>The resilience of U.S. stocks appeared even more remarkable when compared with massive daily swings in Treasury yields that briefly caused implied volatility in the bond market to explode to its highest level since 2008</p><p>Wall Street analysts expect corporate earnings for S&amp;P 500 firms to have declined 6.1% during the first quarter, which ends on Friday. If this comes to pass, it would be the biggest quarterly decline since the second quarter of 2020, according to FactSet&#39;s John Butters.</p><p>Burry sent a second tweet on Thursday sardonically calling out contemporary traders for continuing to &#34;buy the dip&#34; in U.S. stocks, following a Bloomberg News report that 2023 is shaping up to be a banner year for the strategy, which gained prominence during the bull run that followed the 2008 financial crisis.</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>Michael Burry of \"Big Short\" Fame Says He Was \"Wrong\" to Tell Investors to \"Sell\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMichael Burry of \"Big Short\" Fame Says He Was \"Wrong\" to Tell Investors to \"Sell\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-31 07:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Michael Burry, the hedge-fund manager at Scion Asset Management made famous by Michael Lewis&#39;s book &#34;the Big Short,&#34; said in a Thursday tweet that he was &#34;wrong&#34; to tell investors to sell stocks two months ago.</p><p>Burry issued a one-word tweet on Jan. 31 advising his followers to &#34;sell.&#34; While he didn&#39;t elaborate, MarketWatch&#39;s Steve Goldstein noted at the time that it wasn&#39;t hard to fill in the blanks.</p><p>The hedge-fund manager, who correctly anticipated the collapse of the U.S. housing market that triggered the 2008 financial crisis, was advising his followers to sell stocks after a stellar January run-up that saw the Nasdaq Composite rise 10.7%, according to FactSet -- its best start to a year in nearly two decades.</p><p>On Feb. 2, a few days after Burry&#39;s &#34;sell&#34; tweet, the S&amp;P 500 index closed at 4,179.76 after the Fed delivered a 25 basis point interest rate hike. That proved to be the large-cap index&#39;s highest close of 2023, as several weeks of declines followed. The index has fallen roughly 3% since that day, according to FactSet data.</p><p>But the trend changed once again in March, as U.S. stocks proved surprisingly resilient, shrugging off a transatlantic crisis of confidence in the banking sector, renewed fears of an economic downturn, and expectations that S&amp;P 500 companies suffered their biggest quarterly earnings decline since the second quarter of 2020.</p><p>The resilience of U.S. stocks appeared even more remarkable when compared with massive daily swings in Treasury yields that briefly caused implied volatility in the bond market to explode to its highest level since 2008</p><p>Wall Street analysts expect corporate earnings for S&amp;P 500 firms to have declined 6.1% during the first quarter, which ends on Friday. If this comes to pass, it would be the biggest quarterly decline since the second quarter of 2020, according to FactSet&#39;s John Butters.</p><p>Burry sent a second tweet on Thursday sardonically calling out contemporary traders for continuing to &#34;buy the dip&#34; in U.S. stocks, following a Bloomberg News report that 2023 is shaping up to be a banner year for the strategy, which gained prominence during the bull run that followed the 2008 financial crisis.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF","BK4559":"巴菲特持仓","BK4588":"碎股","BK4550":"红杉资本持仓","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF","BK4585":"ETF&股票定投概念","BK4581":"高盛持仓","BK4504":"桥水持仓","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","BK4534":"瑞士信贷持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323455677","content_text":"Michael Burry, the hedge-fund manager at Scion Asset Management made famous by Michael Lewis's book \"the Big Short,\" said in a Thursday tweet that he was \"wrong\" to tell investors to sell stocks two months ago.Burry issued a one-word tweet on Jan. 31 advising his followers to \"sell.\" While he didn't elaborate, MarketWatch's Steve Goldstein noted at the time that it wasn't hard to fill in the blanks.The hedge-fund manager, who correctly anticipated the collapse of the U.S. housing market that triggered the 2008 financial crisis, was advising his followers to sell stocks after a stellar January run-up that saw the Nasdaq Composite rise 10.7%, according to FactSet -- its best start to a year in nearly two decades.On Feb. 2, a few days after Burry's \"sell\" tweet, the S&P 500 index closed at 4,179.76 after the Fed delivered a 25 basis point interest rate hike. That proved to be the large-cap index's highest close of 2023, as several weeks of declines followed. The index has fallen roughly 3% since that day, according to FactSet data.But the trend changed once again in March, as U.S. stocks proved surprisingly resilient, shrugging off a transatlantic crisis of confidence in the banking sector, renewed fears of an economic downturn, and expectations that S&P 500 companies suffered their biggest quarterly earnings decline since the second quarter of 2020.The resilience of U.S. stocks appeared even more remarkable when compared with massive daily swings in Treasury yields that briefly caused implied volatility in the bond market to explode to its highest level since 2008Wall Street analysts expect corporate earnings for S&P 500 firms to have declined 6.1% during the first quarter, which ends on Friday. If this comes to pass, it would be the biggest quarterly decline since the second quarter of 2020, according to FactSet's John Butters.Burry sent a second tweet on Thursday sardonically calling out contemporary traders for continuing to \"buy the dip\" in U.S. stocks, following a Bloomberg News report that 2023 is shaping up to be a banner year for the strategy, which gained prominence during the bull run that followed the 2008 financial crisis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947803831,"gmtCreate":1682753927124,"gmtModify":1682753934871,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9947803831","repostId":"1105388171","repostType":2,"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949634181,"gmtCreate":1678581075343,"gmtModify":1678581079117,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":19,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949634181","repostId":"2318767148","repostType":4,"repost":{"id":"2318767148","kind":"highlight","pubTimestamp":1678578282,"share":"https://ttm.financial/m/news/2318767148?lang=&edition=fundamental","pubTime":"2023-03-12 07:44","market":"us","language":"en","title":"Nasdaq Bear Market: 5 Stunning Growth Stocks You'll Regret Not Buying on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2318767148","media":"Motley Fool","summary":"A 33% plunge in the previously high-flying Nasdaq Composite is the perfect time for growth investors to pounce on some amazing deals.","content":"<html><head></head><body><p>While I hate being the bearer of bad news, stock market corrections are a perfectly normal part of the investing cycle. Since the beginning of 1950, the benchmark <b>S&amp;P 500</b> has undergone 39 separate double-digit percentage corrections, according to data from sell-side consultancy firm Yardeni Research. In other words, the drubbing Wall Street took in 2022 is par for the course when investing for the long run.</p><p>When the major indexes crossed the finish line last year, it was the growth-focused Nasdaq Composite that was hit hardest. The Nasdaq, which led the broader market to new highs in 2021, shed 33% of its value in 2022 and continues to stew in a bear market.</p><p>But there&#39;s a silver lining in this bad news. Though we&#39;ll never be able to forecast exactly when a bear market will occur or how steep the decline will be, we do know that every previous bear market in the major U.S. stock indexes (including the Nasdaq) was eventually whisked away by a bull market. It effectively means that every bear market is the ideal time to put your money to work.</p><p>It&#39;s an especially lucrative time to go shopping for growth stocks. What follows are five stunning growth stocks you&#39;ll regret not buying on the Nasdaq bear market dip.</p><h2><a href=\"https://laohu8.com/S/NIO\">Nio</a></h2><p>The first phenomenal growth stock just begging to be bought during the bear market decline is China-based electric vehicle (EV) manufacturer <b>Nio</b>. Although supply chain issues continue to weigh on Nio&#39;s production expansion efforts, a number of headwinds have been safely put in the back seat.</p><p>For the past couple of years, China stocks carried extra investment risk due to the country&#39;s zero-COVID strategy, as well as the possible delisting of China stocks by U.S. regulators. However, China has abandoned its zero-COVID strategy and reopened its economy. What&#39;s more, regulators gained hold of three years&#39; worth of financial audits for Chinese firms, which removes the fear of delisting. In short, Nio is considerably de-risked from where things stood four months ago.</p><p>But what&#39;s really been impressive about this company is its various forms of innovation. Nio has been introducing at least one new EV each year and has seen sales of its ET7 and ET5 sedans take off since hitting showrooms last year. With the exception of January, when production was constrained by factory closures as a result of the Chinese New Year, Nio has delivered in excess of 10,000 EVs every month since June 2022, with its sedans regularly accounting for more than half of those deliveries.</p><p>Nio&#39;s out-of-the-box innovation is on display as well. In August 2020, the company announced the rollout of its battery-as-a-service (BaaS) subscription. BaaS allows its EV buyers to charge, swap, and upgrade batteries at more than 1,300 power swap stations and more than 1,200 power charger stations. In exchange for a reduced EV purchase price, Nio nets high-margin, recurring subscription revenue from buyers via BaaS and keeps buyers loyal to the brand.</p><p><img src=\"https://static.tigerbbs.com/fa1aca6003962c19490e94b36badd6d8\" tg-width=\"700\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/></p><p>Image source: Walt Disney.</p><h2><a href=\"https://laohu8.com/S/DIS\">Walt Disney</a></h2><p>A third stunning growth stock you&#39;ll regret not adding during the Nasdaq bear market drop is the popular &#34;House of Mouse,&#34; <b>Walt Disney</b>. Though Walt Disney is a mature business, it&#39;s expected to sustain a double-digit earnings growth rate for the next half-decade. That absolutely makes it a growth stock.</p><p>The biggest competitive edge that Disney offers is that its business can&#39;t be duplicated. While there are other theme parks consumers can visit and other movies on the big screen, Disney&#39;s characters and stories, along with the emotion, engagement, and imagination they evoke in consumers, can&#39;t be duplicated by any other company.</p><p>As I&#39;ve previously suggested, the value of this irreplaceability can be seen in Walt Disney&#39;s pricing power. Since Disneyland opened its doors in Southern California in 1955, admission prices have risen by 10,300%. By comparison, the U.S. inflation rate has jumped a little over 1,000% over the same time span.  Disney has also been able to raise prices on its ad-free streaming service, Disney+, while losing only a small fraction of its subscribers.</p><p>The next step in Walt Disney&#39;s evolution is turning its money-losing streaming segment into a profit machine. Newly reappointed CEO Bob Iger increased monthly subscription prices and is targeting profitability for this segment toward the end of fiscal 2024. Once streaming becomes cash-flow positive, I&#39;d be surprised to see Disney stock anywhere near $100 per share.</p><h2><a href=\"https://laohu8.com/S/IIPR\">Innovative Industrial Properties</a></h2><p>The fourth magnificent growth stock that you&#39;ll regret not scooping up during the Nasdaq&#39;s bear market swoon is marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties. In spite of rent-collection speed bumps in recent months, IIP, as Innovative Industrial Properties is known, can show patient investors the green.</p><p>The prevailing concern with IIP is that its on-time rental collection rate has dropped from 100% to 92% as of the end of February 2023. But it&#39;s important to understand that all REITs eventually deal with delinquencies. It&#39;s how companies handle their delinquencies that matters. IIP&#39;s fourth-quarter report and year-to-date update shows it&#39;s working through these delinquencies and should be able to sustain these revenue streams or outright sell these properties for cash.</p><p>Another key point with Innovative Industrial Properties is that 100% of its properties are triple-net leased (also known as &#34;NNN leased&#34;). NNN-leased properties require the tenant to cover all expenses, including utilities, maintenance, and even property tax and insurance. While NNN leases reduce the rental income IIP can expect to receive, it also removes any chance of surprise expenses or inflation hurting the company.</p><p>Lastly, Innovative Industrial Properties might be one of the few pot stocks benefiting from weed remaining illegal at the federal level. Since most cannabis companies have limited access to basic financial services, IIP has been able to work out sale-leaseback agreements that benefit both parties. Cultivators and processors get cash they sorely need from IIP, and IIP lands long-term tenants through this program.</p><h2><a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a></h2><p>A fifth stunning growth stock that you&#39;ll regret not buying during the Nasdaq bear market dip is <b>Alphabet</b> (GOOGL) (GOOG), the parent company of internet search engine Google, autonomous vehicle company Waymo, and streaming platform YouTube.</p><p>At the moment, advertising weakness is Alphabet&#39;s biggest headwind. When the probability of a recession materializing rises, advertisers pull back on their spending. But this is also a two-sided coin. Even though recessions are inevitable, they&#39;re typically short-lived. Buying ad-driven stocks during these short swoons often allows investors to take advantage of long-winded economic expansions.</p><p>Alphabet&#39;s competitive advantage isn&#39;t going away anytime soon, either. Since December 2018, data from GlobalStats shows that Google has accounted for roughly 91% to 93% of global internet search share. Having a 90-percentage-point lead over its next-closest competitor allows Google to command significant pricing power for ad placement.</p><p>Alphabet&#39;s ancillary operating segments provide plenty of promise, too. YouTube is the second most visited social platform in the world, with Shorts getting more than 50 billion daily views. Meanwhile, Google Cloud has worked its way up to a 10% share of global cloud infrastructure-service spending.</p><p>Based on both forward-year earnings and future cash flow, Alphabet is cheaper now than at any point since it became a publicly traded company.</p><h2><a href=\"https://laohu8.com/S/EXEL\">Exelixis</a></h2><p>The second amazing growth stock you&#39;ll be kicking yourself for not buying during the Nasdaq bear market dip is biotech stock Exelixis. Despite occasional clinical trial failures, cancer-drug developer Exelixis is well positioned to grow by double digits.</p><p>A little over a week ago, Exelixis announced that a late-stage study involving its blockbuster drug Cabometyx in combination with <b>Roche</b>&#39;s Tecentriq failed to meet its primary endpoint of a statistically significant improvement in progression-free survival in a trial for patients with previously treated advanced kidney cancer.  But failures happen. It&#39;s part of being a drug developer.</p><p>What&#39;s far more important is that Exelixis has around six dozen clinical trials ongoing involving Cabometyx as a monotherapy or combination treatment for a variety of cancer types. It only takes a handful of success stories to significantly expand Cabometyx&#39;s sales and pricing power. We&#39;ve already witnessed one of these studies finding the mark, which led to Exelixis and <b>Bristol Myers Squibb</b> gaining first-line approval for their combination treatment for renal cell carcinoma.</p><p>Furthermore, Exelixis has the cash to fund ongoing internal development, collaborations, and possibly even acquisitions. The company closed out 2022 with approximately $1.31 billion in cash, cash equivalents, and short-term investments, and had another $756.7 million in long-term investments.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Bear Market: 5 Stunning Growth Stocks You'll Regret Not Buying on the Dip</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Bear Market: 5 Stunning Growth Stocks You'll Regret Not Buying on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-12 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/11/nasdaq-bear-market-5-growth-stocks-regret-not-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While I hate being the bearer of bad news, stock market corrections are a perfectly normal part of the investing cycle. Since the beginning of 1950, the benchmark S&P 500 has undergone 39 separate ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/11/nasdaq-bear-market-5-growth-stocks-regret-not-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","GOOGL":"谷歌A","IIPR":"Innovative Industrial Properties Inc","DIS":"迪士尼","EXEL":"伊克力西斯"},"source_url":"https://www.fool.com/investing/2023/03/11/nasdaq-bear-market-5-growth-stocks-regret-not-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318767148","content_text":"While I hate being the bearer of bad news, stock market corrections are a perfectly normal part of the investing cycle. Since the beginning of 1950, the benchmark S&P 500 has undergone 39 separate double-digit percentage corrections, according to data from sell-side consultancy firm Yardeni Research. In other words, the drubbing Wall Street took in 2022 is par for the course when investing for the long run.When the major indexes crossed the finish line last year, it was the growth-focused Nasdaq Composite that was hit hardest. The Nasdaq, which led the broader market to new highs in 2021, shed 33% of its value in 2022 and continues to stew in a bear market.But there's a silver lining in this bad news. Though we'll never be able to forecast exactly when a bear market will occur or how steep the decline will be, we do know that every previous bear market in the major U.S. stock indexes (including the Nasdaq) was eventually whisked away by a bull market. It effectively means that every bear market is the ideal time to put your money to work.It's an especially lucrative time to go shopping for growth stocks. What follows are five stunning growth stocks you'll regret not buying on the Nasdaq bear market dip.NioThe first phenomenal growth stock just begging to be bought during the bear market decline is China-based electric vehicle (EV) manufacturer Nio. Although supply chain issues continue to weigh on Nio's production expansion efforts, a number of headwinds have been safely put in the back seat.For the past couple of years, China stocks carried extra investment risk due to the country's zero-COVID strategy, as well as the possible delisting of China stocks by U.S. regulators. However, China has abandoned its zero-COVID strategy and reopened its economy. What's more, regulators gained hold of three years' worth of financial audits for Chinese firms, which removes the fear of delisting. In short, Nio is considerably de-risked from where things stood four months ago.But what's really been impressive about this company is its various forms of innovation. Nio has been introducing at least one new EV each year and has seen sales of its ET7 and ET5 sedans take off since hitting showrooms last year. With the exception of January, when production was constrained by factory closures as a result of the Chinese New Year, Nio has delivered in excess of 10,000 EVs every month since June 2022, with its sedans regularly accounting for more than half of those deliveries.Nio's out-of-the-box innovation is on display as well. In August 2020, the company announced the rollout of its battery-as-a-service (BaaS) subscription. BaaS allows its EV buyers to charge, swap, and upgrade batteries at more than 1,300 power swap stations and more than 1,200 power charger stations. In exchange for a reduced EV purchase price, Nio nets high-margin, recurring subscription revenue from buyers via BaaS and keeps buyers loyal to the brand.Image source: Walt Disney.Walt DisneyA third stunning growth stock you'll regret not adding during the Nasdaq bear market drop is the popular \"House of Mouse,\" Walt Disney. Though Walt Disney is a mature business, it's expected to sustain a double-digit earnings growth rate for the next half-decade. That absolutely makes it a growth stock.The biggest competitive edge that Disney offers is that its business can't be duplicated. While there are other theme parks consumers can visit and other movies on the big screen, Disney's characters and stories, along with the emotion, engagement, and imagination they evoke in consumers, can't be duplicated by any other company.As I've previously suggested, the value of this irreplaceability can be seen in Walt Disney's pricing power. Since Disneyland opened its doors in Southern California in 1955, admission prices have risen by 10,300%. By comparison, the U.S. inflation rate has jumped a little over 1,000% over the same time span.  Disney has also been able to raise prices on its ad-free streaming service, Disney+, while losing only a small fraction of its subscribers.The next step in Walt Disney's evolution is turning its money-losing streaming segment into a profit machine. Newly reappointed CEO Bob Iger increased monthly subscription prices and is targeting profitability for this segment toward the end of fiscal 2024. Once streaming becomes cash-flow positive, I'd be surprised to see Disney stock anywhere near $100 per share.Innovative Industrial PropertiesThe fourth magnificent growth stock that you'll regret not scooping up during the Nasdaq's bear market swoon is marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties. In spite of rent-collection speed bumps in recent months, IIP, as Innovative Industrial Properties is known, can show patient investors the green.The prevailing concern with IIP is that its on-time rental collection rate has dropped from 100% to 92% as of the end of February 2023. But it's important to understand that all REITs eventually deal with delinquencies. It's how companies handle their delinquencies that matters. IIP's fourth-quarter report and year-to-date update shows it's working through these delinquencies and should be able to sustain these revenue streams or outright sell these properties for cash.Another key point with Innovative Industrial Properties is that 100% of its properties are triple-net leased (also known as \"NNN leased\"). NNN-leased properties require the tenant to cover all expenses, including utilities, maintenance, and even property tax and insurance. While NNN leases reduce the rental income IIP can expect to receive, it also removes any chance of surprise expenses or inflation hurting the company.Lastly, Innovative Industrial Properties might be one of the few pot stocks benefiting from weed remaining illegal at the federal level. Since most cannabis companies have limited access to basic financial services, IIP has been able to work out sale-leaseback agreements that benefit both parties. Cultivators and processors get cash they sorely need from IIP, and IIP lands long-term tenants through this program.AlphabetA fifth stunning growth stock that you'll regret not buying during the Nasdaq bear market dip is Alphabet (GOOGL) (GOOG), the parent company of internet search engine Google, autonomous vehicle company Waymo, and streaming platform YouTube.At the moment, advertising weakness is Alphabet's biggest headwind. When the probability of a recession materializing rises, advertisers pull back on their spending. But this is also a two-sided coin. Even though recessions are inevitable, they're typically short-lived. Buying ad-driven stocks during these short swoons often allows investors to take advantage of long-winded economic expansions.Alphabet's competitive advantage isn't going away anytime soon, either. Since December 2018, data from GlobalStats shows that Google has accounted for roughly 91% to 93% of global internet search share. Having a 90-percentage-point lead over its next-closest competitor allows Google to command significant pricing power for ad placement.Alphabet's ancillary operating segments provide plenty of promise, too. YouTube is the second most visited social platform in the world, with Shorts getting more than 50 billion daily views. Meanwhile, Google Cloud has worked its way up to a 10% share of global cloud infrastructure-service spending.Based on both forward-year earnings and future cash flow, Alphabet is cheaper now than at any point since it became a publicly traded company.ExelixisThe second amazing growth stock you'll be kicking yourself for not buying during the Nasdaq bear market dip is biotech stock Exelixis. Despite occasional clinical trial failures, cancer-drug developer Exelixis is well positioned to grow by double digits.A little over a week ago, Exelixis announced that a late-stage study involving its blockbuster drug Cabometyx in combination with Roche's Tecentriq failed to meet its primary endpoint of a statistically significant improvement in progression-free survival in a trial for patients with previously treated advanced kidney cancer.  But failures happen. It's part of being a drug developer.What's far more important is that Exelixis has around six dozen clinical trials ongoing involving Cabometyx as a monotherapy or combination treatment for a variety of cancer types. It only takes a handful of success stories to significantly expand Cabometyx's sales and pricing power. We've already witnessed one of these studies finding the mark, which led to Exelixis and Bristol Myers Squibb gaining first-line approval for their combination treatment for renal cell carcinoma.Furthermore, Exelixis has the cash to fund ongoing internal development, collaborations, and possibly even acquisitions. The company closed out 2022 with approximately $1.31 billion in cash, cash equivalents, and short-term investments, and had another $756.7 million in long-term investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940351530,"gmtCreate":1677716085320,"gmtModify":1677716089057,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":19,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940351530","repostId":"2316241106","repostType":4,"repost":{"id":"2316241106","kind":"highlight","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":1677711956,"share":"https://ttm.financial/m/news/2316241106?lang=&edition=fundamental","pubTime":"2023-03-02 07:05","market":"us","language":"en","title":"S&P, Nasdaq Weak As Manufacturing Stokes Fed Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=2316241106","media":"Reuters","summary":"Two-year Treasury yield jumps to 2007 highNovavax slumps on going concern worriesTesla slips ahead o","content":"<html><head></head><body><ul><li>Two-year Treasury yield jumps to 2007 high</li><li>Novavax slumps on going concern worries</li><li>Tesla slips ahead of investor day</li></ul><p><img src=\"https://static.tigerbbs.com/ded13391d1772e0ac524b6ef82aaf772\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, March 1 (Reuters) - The S&amp;P 500 and Nasdaq fell for a second straight session on Wednesday as Treasury yields jumped after manufacturing data indicated inflation is likely to remain stubbornly high, while comments from Federal Reserve policymakers supported a hawkish policy stance.</p><p>The yield on 10-year notes topped 4% for the first time since November, reaching a high of 4.01%, after the Institute for Supply Management&#39;s <a href=\"https://laohu8.com/S/ISM\">$(ISM)$</a> survey showed U.S. manufacturing contracted in February and prices for raw materials increased last month.</p><p>After the data was released, the two-year    U.S. Treasury yield, which typically moves in step with interest rate expectations, gained on the day after reaching 4.904%, its highest since 2007. It was last up 8.4 basis points at 4.881%.</p><p>&#34;You could see the market kind of deteriorated a little bit, yields started climbing after that February ISM manufacturing report. Prices paid component, that really jumped, broke a four-month streak of price declines,&#34; said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan, referring to the ISM Manufacturing Prices Paid Index which is seen as an inflation indicator.</p><p>&#34;That is just another piece of evidence we have seen over the past couple of weeks that inflation is remaining stickier than what most people thought in January,&#34; he said, adding it was likely the Fed is going to move rates higher.</p><p>Saglimbene added the bond market has recently been indicating there is a greater chance the Fed could move the terminal rate somewhere close to 6%.</p><p>The Dow Jones Industrial Average rose 5.14 points, or 0.02%, to 32,661.84, the S&amp;P 500 lost 18.76 points, or 0.47%, to 3,951.39 and the Nasdaq Composite    dropped 76.06 points, or 0.66%, to 11,379.48.</p><p>The Dow held near the unchanged mark as Caterpillar    shares rose 3.81% after the construction equipment maker said it had reached a tentative deal with a union that represents workers at four of its facilities.</p><p>Fed funds futures showed traders added to bets the U.S. central bank will raise its benchmark rate to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.</p><p>Further fueling concerns about central bank aggressiveness, Minneapolis Fed President Neel Kashkari, a voter in the rate-setting committee in 2023, said he is &#34;open-minded&#34; on either a 25 basis point or a 50 basis point rate hike in March. Atlanta Fed President Raphael Bostic said in an essay that while a federal funds rate between 5% to 5.25% would be adequate, the policy would have to remain tight &#34;well into 2024&#34; until inflation is clearly subsiding.</p><p>After a strong January, the main U.S. benchmarks stumbled in February on growing expectations the Fed will increase rates more than initially thought as segments of the economy such as the labor market remain tight, while inflation has not ebbed as quickly as anticipated.</p><p>U.S. monthly payrolls and consumer prices data in the coming days will further help investors gauge the path of rates ahead of the March 21-22 meeting, when the Fed is largely seen hiking rates by 25 basis points.</p><p>Energy    and materials    sectors were among the few winners in the session as commodity prices gained after data showed China&#39;s manufacturing activity expanded at the fastest pace in more than a decade as the country continues to leave its COVID-19 restrictions behind.</p><p>Tesla Inc    slipped 1.43% ahead of its investor day event. The electric automaker is readying a production revamp of its top-selling Model Y, Reuters reported, citing people familiar with the plan.</p><p>Novavax Inc    plunged 25.92% after the COVID-19 vaccine maker raised doubts about its ability to remain in business and announced plans to slash spending as it prepares for a fall vaccination campaign.</p><p>Volume on U.S. exchanges was 11.00 billion shares, compared with the 11.39 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.32-to-1 ratio; on Nasdaq, a 1.29-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 9 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 79 new highs and 114 new lows.</p><p>(Reporting by Chuck Mikolajczak; Editing by Aurora Ellis)</p><p>((charles.mikolajczak@tr.com; @ChuckMik;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P, Nasdaq Weak As Manufacturing Stokes Fed Concerns</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, Nasdaq Weak As Manufacturing Stokes Fed Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-03-02 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Two-year Treasury yield jumps to 2007 high</li><li>Novavax slumps on going concern worries</li><li>Tesla slips ahead of investor day</li></ul><p><img src=\"https://static.tigerbbs.com/ded13391d1772e0ac524b6ef82aaf772\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, March 1 (Reuters) - The S&amp;P 500 and Nasdaq fell for a second straight session on Wednesday as Treasury yields jumped after manufacturing data indicated inflation is likely to remain stubbornly high, while comments from Federal Reserve policymakers supported a hawkish policy stance.</p><p>The yield on 10-year notes topped 4% for the first time since November, reaching a high of 4.01%, after the Institute for Supply Management&#39;s <a href=\"https://laohu8.com/S/ISM\">$(ISM)$</a> survey showed U.S. manufacturing contracted in February and prices for raw materials increased last month.</p><p>After the data was released, the two-year    U.S. Treasury yield, which typically moves in step with interest rate expectations, gained on the day after reaching 4.904%, its highest since 2007. It was last up 8.4 basis points at 4.881%.</p><p>&#34;You could see the market kind of deteriorated a little bit, yields started climbing after that February ISM manufacturing report. Prices paid component, that really jumped, broke a four-month streak of price declines,&#34; said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan, referring to the ISM Manufacturing Prices Paid Index which is seen as an inflation indicator.</p><p>&#34;That is just another piece of evidence we have seen over the past couple of weeks that inflation is remaining stickier than what most people thought in January,&#34; he said, adding it was likely the Fed is going to move rates higher.</p><p>Saglimbene added the bond market has recently been indicating there is a greater chance the Fed could move the terminal rate somewhere close to 6%.</p><p>The Dow Jones Industrial Average rose 5.14 points, or 0.02%, to 32,661.84, the S&amp;P 500 lost 18.76 points, or 0.47%, to 3,951.39 and the Nasdaq Composite    dropped 76.06 points, or 0.66%, to 11,379.48.</p><p>The Dow held near the unchanged mark as Caterpillar    shares rose 3.81% after the construction equipment maker said it had reached a tentative deal with a union that represents workers at four of its facilities.</p><p>Fed funds futures showed traders added to bets the U.S. central bank will raise its benchmark rate to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.</p><p>Further fueling concerns about central bank aggressiveness, Minneapolis Fed President Neel Kashkari, a voter in the rate-setting committee in 2023, said he is &#34;open-minded&#34; on either a 25 basis point or a 50 basis point rate hike in March. Atlanta Fed President Raphael Bostic said in an essay that while a federal funds rate between 5% to 5.25% would be adequate, the policy would have to remain tight &#34;well into 2024&#34; until inflation is clearly subsiding.</p><p>After a strong January, the main U.S. benchmarks stumbled in February on growing expectations the Fed will increase rates more than initially thought as segments of the economy such as the labor market remain tight, while inflation has not ebbed as quickly as anticipated.</p><p>U.S. monthly payrolls and consumer prices data in the coming days will further help investors gauge the path of rates ahead of the March 21-22 meeting, when the Fed is largely seen hiking rates by 25 basis points.</p><p>Energy    and materials    sectors were among the few winners in the session as commodity prices gained after data showed China&#39;s manufacturing activity expanded at the fastest pace in more than a decade as the country continues to leave its COVID-19 restrictions behind.</p><p>Tesla Inc    slipped 1.43% ahead of its investor day event. The electric automaker is readying a production revamp of its top-selling Model Y, Reuters reported, citing people familiar with the plan.</p><p>Novavax Inc    plunged 25.92% after the COVID-19 vaccine maker raised doubts about its ability to remain in business and announced plans to slash spending as it prepares for a fall vaccination campaign.</p><p>Volume on U.S. exchanges was 11.00 billion shares, compared with the 11.39 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.32-to-1 ratio; on Nasdaq, a 1.29-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 9 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 79 new highs and 114 new lows.</p><p>(Reporting by Chuck Mikolajczak; Editing by Aurora Ellis)</p><p>((charles.mikolajczak@tr.com; @ChuckMik;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500ETF","DXD":"道指两倍做空ETF","DJX":"1/100道琼斯","DDM":"道指两倍做多ETF","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4139":"生物科技","IVV":"标普500指数ETF","SH":"标普500反向ETF","DOG":"道指反向ETF","UDOW":"道指三倍做多ETF-ProShares","TSLA":"特斯拉","UPRO":"三倍做多标普500ETF","BK4559":"巴菲特持仓",".DJI":"道琼斯","BK4568":"美国抗疫概念","BK4588":"碎股","SSO":"两倍做多标普500ETF","BK4550":"红杉资本持仓",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF","OEX":"标普100","NVAX":"诺瓦瓦克斯医药","SDOW":"道指三倍做空ETF-ProShares","BK4581":"高盛持仓","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","BK4504":"桥水持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316241106","content_text":"Two-year Treasury yield jumps to 2007 highNovavax slumps on going concern worriesTesla slips ahead of investor dayNEW YORK, March 1 (Reuters) - The S&P 500 and Nasdaq fell for a second straight session on Wednesday as Treasury yields jumped after manufacturing data indicated inflation is likely to remain stubbornly high, while comments from Federal Reserve policymakers supported a hawkish policy stance.The yield on 10-year notes topped 4% for the first time since November, reaching a high of 4.01%, after the Institute for Supply Management's $(ISM)$ survey showed U.S. manufacturing contracted in February and prices for raw materials increased last month.After the data was released, the two-year    U.S. Treasury yield, which typically moves in step with interest rate expectations, gained on the day after reaching 4.904%, its highest since 2007. It was last up 8.4 basis points at 4.881%.\"You could see the market kind of deteriorated a little bit, yields started climbing after that February ISM manufacturing report. Prices paid component, that really jumped, broke a four-month streak of price declines,\" said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan, referring to the ISM Manufacturing Prices Paid Index which is seen as an inflation indicator.\"That is just another piece of evidence we have seen over the past couple of weeks that inflation is remaining stickier than what most people thought in January,\" he said, adding it was likely the Fed is going to move rates higher.Saglimbene added the bond market has recently been indicating there is a greater chance the Fed could move the terminal rate somewhere close to 6%.The Dow Jones Industrial Average rose 5.14 points, or 0.02%, to 32,661.84, the S&P 500 lost 18.76 points, or 0.47%, to 3,951.39 and the Nasdaq Composite    dropped 76.06 points, or 0.66%, to 11,379.48.The Dow held near the unchanged mark as Caterpillar    shares rose 3.81% after the construction equipment maker said it had reached a tentative deal with a union that represents workers at four of its facilities.Fed funds futures showed traders added to bets the U.S. central bank will raise its benchmark rate to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.Further fueling concerns about central bank aggressiveness, Minneapolis Fed President Neel Kashkari, a voter in the rate-setting committee in 2023, said he is \"open-minded\" on either a 25 basis point or a 50 basis point rate hike in March. Atlanta Fed President Raphael Bostic said in an essay that while a federal funds rate between 5% to 5.25% would be adequate, the policy would have to remain tight \"well into 2024\" until inflation is clearly subsiding.After a strong January, the main U.S. benchmarks stumbled in February on growing expectations the Fed will increase rates more than initially thought as segments of the economy such as the labor market remain tight, while inflation has not ebbed as quickly as anticipated.U.S. monthly payrolls and consumer prices data in the coming days will further help investors gauge the path of rates ahead of the March 21-22 meeting, when the Fed is largely seen hiking rates by 25 basis points.Energy    and materials    sectors were among the few winners in the session as commodity prices gained after data showed China's manufacturing activity expanded at the fastest pace in more than a decade as the country continues to leave its COVID-19 restrictions behind.Tesla Inc    slipped 1.43% ahead of its investor day event. The electric automaker is readying a production revamp of its top-selling Model Y, Reuters reported, citing people familiar with the plan.Novavax Inc    plunged 25.92% after the COVID-19 vaccine maker raised doubts about its ability to remain in business and announced plans to slash spending as it prepares for a fall vaccination campaign.Volume on U.S. exchanges was 11.00 billion shares, compared with the 11.39 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.32-to-1 ratio; on Nasdaq, a 1.29-to-1 ratio favored decliners.The S&P 500 posted 9 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 79 new highs and 114 new lows.(Reporting by Chuck Mikolajczak; Editing by Aurora Ellis)((charles.mikolajczak@tr.com; @ChuckMik;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9945210942,"gmtCreate":1681482453186,"gmtModify":1681482457132,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9945210942","repostId":"1138147799","repostType":2,"repost":{"id":"1138147799","kind":"news","pubTimestamp":1681481102,"share":"https://ttm.financial/m/news/1138147799?lang=&edition=fundamental","pubTime":"2023-04-14 22:05","market":"us","language":"en","title":"Top Calls on Wall Street: Rivian, Philip Morris, Tyson Foods and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1138147799","media":"TheFly","summary":"Top 5 Upgrades:Goldman Sachs double upgraded VF Corp. (VFC) to Buy from Sell with a price target of ","content":"<html><head></head><body><p><strong>Top 5 Upgrades:</strong></p><ul><li><p>Goldman Sachs double upgraded <strong>VF Corp.</strong> (VFC) to Buy from Sell with a price target of $27, up from $26. VF&#39;s revenue and earnings trajectory has underperformed the market, but the stock is nearing an inflection point with the balance of catalysts &#34;now weighted to the upside,&#34; the analyst tells investors in a research note.</p></li><li><p>Barclays upgraded <strong>Mosaic</strong> (MOS) to Equal Weight from Underweight with a price target of $54, up from $52. Global agriculture markets &#34;remain tight,&#34; and while record earnings from 2022 won&#39;t be repeated in 2023, there is &#34;enough buckets of opportunities&#34; in the broader seed, fertilizer and ag processing space, the analyst tells investors in a research note.</p></li><li><p>Compass Point upgraded <strong>Argo Blockchain</strong> (ARBK) to Buy from Neutral with a price target of $3, up from $2. The firm is revising estimates to reflect the most recent bitcoin price and global hash rate forecasts now that most crypto miners in its coverage have reported earnings and Q1 bitcoin production.</p></li><li><p>JPMorgan upgraded<strong> Huya</strong> (HUYA) to Neutral from Underweight with a price target of $3, up from $2.30. The analyst sees a better outlook for the China live streaming industry in 2023.</p></li><li><p>Northcoast upgraded <strong>Casey&#39;s General Stores</strong> (CASY) to Buy from Neutral with a price target of $270, up from $247.</p></li></ul><p><strong>Top 5 Downgrades:</strong></p><ul><li><p>Piper Sandler downgraded <strong>Rivian Automotive</strong> (RIVN) to Neutral from Overweight with a price target of $15, down from $63. The analyst still likes Rivian&#39;s strategy, but says the problem is that the strategy is costly.</p></li><li><p>Raymond James downgraded <strong>Check Point Software</strong> (CHKP) to Market Perform from Outperform without a price target. Broader software spending intentions have decelerated and could ultimately lead to a period of deflation, the analyst tells investors in a research note.</p></li><li><p>BTIG downgraded <strong>ViewRay</strong> (VRAY) to Neutral from Buy without a price target. The company announced preliminary Q1 results below expectations, cut its full-year guidance, discussed a high Q1 burn that means cash will only last into Q1 of 2024, and announced it is evaluating strategic alternatives, the analyst tells investors in a research note. ViewRay was also downgraded to Perform from Outperform at Oppenheimer and to Hold from Buy at Stifel.</p></li><li><p>Piper Sandler downgraded <strong>Steris</strong> (STE) to Neutral from Overweight with a price target of $197, down from $215. The analyst sees risk that management guides fiscal 2024 earnings growth below the Street and to levels that warrant a lower valuation than what Steris has established in recent years.</p></li><li><p>Maxim downgraded <strong>Biocept</strong> (BIOC) to Hold from Buy. The company announced that it has commenced a process to explore and evaluate strategic alternatives to enhance shareholder value in January, with potential strategic alternatives that may be explored or evaluated as part of this process including an acquisition, merger, reverse merger, or other business combinationy, the analyst tells investors in a research note.</p></li></ul><p><strong>Top 5 Initiations:</strong></p><ul><li><p>Stifel resumed coverage of <strong>Philip Morris</strong> (PM) with a Buy rating and $114 price target. The analyst, who identifies Philip Morris as among the firm&#39;s top ideas in the space, believes it offers &#34;superior growth potential&#34; compared to both its tobacco and consumer staples peers.</p></li><li><p>Roth MKM initiated coverage of <strong>LiveOne</strong> (LVO) with a Buy rating and $2.80 price target. LiveOne has created an ecosystem centered around live music and streaming audio, and has seen &#34;rapid advances&#34; in its ability to monetize the networks across a growing range of revenue sources, the analyst tells investors in a research note.</p></li><li><p>BMO Capital reinstated coverage of <strong>Tyson Foods</strong> (TSN) with a Market Perform rating and $66 price target. The company is implementing internal actions to improve performance, deploying capital to expand capacity and building its earnings potential over time, the analyst says.</p></li><li><p>Stifel resumed coverage of <strong>Lamb Weston</strong> (LW) with a Hold rating and $115 price target. The firm is seeing pricing push up significantly and contends the &#34;sales recovery is compelling,&#34; while adding that it believes the multiple can continue to expand as investors &#34;appreciate the growth and ultimate margin opportunity.&#34;</p></li><li><p>Philip MorrisStephens initiated coverage of <strong>Shift4 Payments</strong> (FOUR) with an Equal Weight rating and $80 price target. After the 27% year-to-date run-up in the stock, Shift4&#39;s premium valuation fairly reflects the above peer growth and margin profile as well as the firm&#39;s confidence in the company&#39;s FY23 outlook, the analyst tells investors in a research note.</p></li></ul></body></html>","source":"lsy1666364704704","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>Top Calls on Wall Street: Rivian, Philip Morris, Tyson Foods and 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\">\nTop Calls on Wall Street: Rivian, Philip Morris, Tyson Foods and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-14 22:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3694593&headline=VFC;CHKP;MOS;VRAY;STE;PM;LVO;TSN;ARBK;BIOC;LW;HUYA;CASY;FOUR-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic><strong>TheFly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:Goldman Sachs double upgraded VF Corp. (VFC) to Buy from Sell with a price target of $27, up from $26. VF's revenue and earnings trajectory has underperformed the market, but the stock ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3694593&headline=VFC;CHKP;MOS;VRAY;STE;PM;LVO;TSN;ARBK;BIOC;LW;HUYA;CASY;FOUR-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","TSN":"泰森食品","PM":"菲利普莫里斯"},"source_url":"https://thefly.com/landingPageNews.php?id=3694593&headline=VFC;CHKP;MOS;VRAY;STE;PM;LVO;TSN;ARBK;BIOC;LW;HUYA;CASY;FOUR-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138147799","content_text":"Top 5 Upgrades:Goldman Sachs double upgraded VF Corp. (VFC) to Buy from Sell with a price target of $27, up from $26. VF's revenue and earnings trajectory has underperformed the market, but the stock is nearing an inflection point with the balance of catalysts \"now weighted to the upside,\" the analyst tells investors in a research note.Barclays upgraded Mosaic (MOS) to Equal Weight from Underweight with a price target of $54, up from $52. Global agriculture markets \"remain tight,\" and while record earnings from 2022 won't be repeated in 2023, there is \"enough buckets of opportunities\" in the broader seed, fertilizer and ag processing space, the analyst tells investors in a research note.Compass Point upgraded Argo Blockchain (ARBK) to Buy from Neutral with a price target of $3, up from $2. The firm is revising estimates to reflect the most recent bitcoin price and global hash rate forecasts now that most crypto miners in its coverage have reported earnings and Q1 bitcoin production.JPMorgan upgraded Huya (HUYA) to Neutral from Underweight with a price target of $3, up from $2.30. The analyst sees a better outlook for the China live streaming industry in 2023.Northcoast upgraded Casey's General Stores (CASY) to Buy from Neutral with a price target of $270, up from $247.Top 5 Downgrades:Piper Sandler downgraded Rivian Automotive (RIVN) to Neutral from Overweight with a price target of $15, down from $63. The analyst still likes Rivian's strategy, but says the problem is that the strategy is costly.Raymond James downgraded Check Point Software (CHKP) to Market Perform from Outperform without a price target. Broader software spending intentions have decelerated and could ultimately lead to a period of deflation, the analyst tells investors in a research note.BTIG downgraded ViewRay (VRAY) to Neutral from Buy without a price target. The company announced preliminary Q1 results below expectations, cut its full-year guidance, discussed a high Q1 burn that means cash will only last into Q1 of 2024, and announced it is evaluating strategic alternatives, the analyst tells investors in a research note. ViewRay was also downgraded to Perform from Outperform at Oppenheimer and to Hold from Buy at Stifel.Piper Sandler downgraded Steris (STE) to Neutral from Overweight with a price target of $197, down from $215. The analyst sees risk that management guides fiscal 2024 earnings growth below the Street and to levels that warrant a lower valuation than what Steris has established in recent years.Maxim downgraded Biocept (BIOC) to Hold from Buy. The company announced that it has commenced a process to explore and evaluate strategic alternatives to enhance shareholder value in January, with potential strategic alternatives that may be explored or evaluated as part of this process including an acquisition, merger, reverse merger, or other business combinationy, the analyst tells investors in a research note.Top 5 Initiations:Stifel resumed coverage of Philip Morris (PM) with a Buy rating and $114 price target. The analyst, who identifies Philip Morris as among the firm's top ideas in the space, believes it offers \"superior growth potential\" compared to both its tobacco and consumer staples peers.Roth MKM initiated coverage of LiveOne (LVO) with a Buy rating and $2.80 price target. LiveOne has created an ecosystem centered around live music and streaming audio, and has seen \"rapid advances\" in its ability to monetize the networks across a growing range of revenue sources, the analyst tells investors in a research note.BMO Capital reinstated coverage of Tyson Foods (TSN) with a Market Perform rating and $66 price target. The company is implementing internal actions to improve performance, deploying capital to expand capacity and building its earnings potential over time, the analyst says.Stifel resumed coverage of Lamb Weston (LW) with a Hold rating and $115 price target. The firm is seeing pricing push up significantly and contends the \"sales recovery is compelling,\" while adding that it believes the multiple can continue to expand as investors \"appreciate the growth and ultimate margin opportunity.\"Philip MorrisStephens initiated coverage of Shift4 Payments (FOUR) with an Equal Weight rating and $80 price target. After the 27% year-to-date run-up in the stock, Shift4's premium valuation fairly reflects the above peer growth and margin profile as well as the firm's confidence in the company's FY23 outlook, the analyst tells investors in a research note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943347721,"gmtCreate":1679196849563,"gmtModify":1679196853232,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943347721","repostId":"2320584107","repostType":4,"repost":{"id":"2320584107","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1679186631,"share":"https://ttm.financial/m/news/2320584107?lang=&edition=fundamental","pubTime":"2023-03-19 08:43","market":"us","language":"en","title":"What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2320584107","media":"Dow Jones","summary":"‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston PartnersInvestors","content":"<html><head></head><body><p>‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston Partners</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac59bb2b41ad9f787574330ce399463\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.</span></p><p>First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.</p><p>U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.</p><p>“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.</p><p>“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.</p><p>“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”</p><p>Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.</p><p>Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.</p><h2>Fear of unknown risks</h2><p>Wild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.</p><p>“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.</p><p>Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.</p><p>He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”</p><p>Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.</p><p>Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.</p><p>Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.</p><p>“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.</p><p>“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”</p><p>Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.</p><p>It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.</p><p>“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”</p><p>The Dow Jones Industrial Average shed 384 points Friday, the S&amp;P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.</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>What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike</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\">\nWhat It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-19 08:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston Partners</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac59bb2b41ad9f787574330ce399463\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.</span></p><p>First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.</p><p>U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.</p><p>“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.</p><p>“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.</p><p>“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”</p><p>Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.</p><p>Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.</p><h2>Fear of unknown risks</h2><p>Wild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.</p><p>“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.</p><p>Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.</p><p>He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”</p><p>Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.</p><p>Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.</p><p>Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.</p><p>“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.</p><p>“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”</p><p>Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.</p><p>It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.</p><p>“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”</p><p>The Dow Jones Industrial Average shed 384 points Friday, the S&amp;P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861220207.SGD":"Blackrock FinTech A2 SGD-H",".SPX":"S&P 500 Index","BK4118":"综合性资本市场","BK4589":"SVB概念","SBNY":"签字银行","BK4548":"巴美列捷福持仓","BK4585":"ETF&股票定投概念",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","BK4552":"Archegos爆仓风波概念","BK4588":"碎股","LU1861217088.USD":"贝莱德金融科技A2","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4211":"区域性银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320584107","content_text":"‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston PartnersInvestors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.Fear of unknown risksWild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”The Dow Jones Industrial Average shed 384 points Friday, the S&P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949375988,"gmtCreate":1678406831244,"gmtModify":1678406834886,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949375988","repostId":"2318144672","repostType":4,"repost":{"id":"2318144672","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1678405175,"share":"https://ttm.financial/m/news/2318144672?lang=&edition=fundamental","pubTime":"2023-03-10 07:39","market":"us","language":"en","title":"10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle","url":"https://stock-news.laohu8.com/highlight/detail?id=2318144672","media":"Dow Jones","summary":"Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a diluti","content":"<html><head></head><body><p>Silicon Valley Bank wasn&#39;t well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f5e8ba412e8cbf1ba4fa5109b40f669\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"/><span>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.</span></p><p>As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.</p><p>Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.</p><p>On March 8, <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.</p><p>The bank said it was repositioning to &#34;increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin <a href=\"https://laohu8.com/S/NIM\">$(NIM)$</a>, and enhance profitability.&#34;</p><p>In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders&#39; ownership positions resulted in the company&#39;s shares sliding as much as 62% on March 9.</p><p>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.</p><p>See Tomi Kilgore&#39;s coverage for more details on SVB&#39;s offerings, the securities sale and reaction.</p><h2>Red margin flags</h2><p>Before SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn&#39;t well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.</p><p>A bank&#39;s net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here&#39;s how the NIM moved for SVB Financial over the past year:</p><p><img src=\"https://static.tigerbbs.com/d98943297b9bd5d67486342b1fd3756e\" tg-width=\"934\" tg-height=\"206\" width=\"100%\" height=\"auto\"/></p><p>SVB&#39;s net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.</p><p>So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?</p><p>Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.</p><p>A uniform set of net interest margins for the past five quarters isn&#39;t available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.</p><p>By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.</p><p>Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:</p><p><img src=\"https://static.tigerbbs.com/3100df6ee948e46a01606312ff8c7fcd\" tg-width=\"998\" tg-height=\"817\" width=\"100%\" height=\"auto\"/></p><p>SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.</p><h2>Most margin improvement</h2><p>To end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:</p><p><img src=\"https://static.tigerbbs.com/ca6f326e40edb3a68736ec79fd442099\" tg-width=\"999\" tg-height=\"819\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle</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\">\n10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-10 07:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Silicon Valley Bank wasn&#39;t well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f5e8ba412e8cbf1ba4fa5109b40f669\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"/><span>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.</span></p><p>As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.</p><p>Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.</p><p>On March 8, <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.</p><p>The bank said it was repositioning to &#34;increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin <a href=\"https://laohu8.com/S/NIM\">$(NIM)$</a>, and enhance profitability.&#34;</p><p>In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders&#39; ownership positions resulted in the company&#39;s shares sliding as much as 62% on March 9.</p><p>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.</p><p>See Tomi Kilgore&#39;s coverage for more details on SVB&#39;s offerings, the securities sale and reaction.</p><h2>Red margin flags</h2><p>Before SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn&#39;t well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.</p><p>A bank&#39;s net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here&#39;s how the NIM moved for SVB Financial over the past year:</p><p><img src=\"https://static.tigerbbs.com/d98943297b9bd5d67486342b1fd3756e\" tg-width=\"934\" tg-height=\"206\" width=\"100%\" height=\"auto\"/></p><p>SVB&#39;s net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.</p><p>So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?</p><p>Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.</p><p>A uniform set of net interest margins for the past five quarters isn&#39;t available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.</p><p>By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.</p><p>Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:</p><p><img src=\"https://static.tigerbbs.com/3100df6ee948e46a01606312ff8c7fcd\" tg-width=\"998\" tg-height=\"817\" width=\"100%\" height=\"auto\"/></p><p>SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.</p><h2>Most margin improvement</h2><p>To end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:</p><p><img src=\"https://static.tigerbbs.com/ca6f326e40edb3a68736ec79fd442099\" tg-width=\"999\" tg-height=\"819\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","CUBI":"Customers Bancorp Inc.","BK4585":"ETF&股票定投概念","BK4166":"消费信贷","BK4561":"索罗斯持仓","CMA":"联信银行","BK4588":"碎股","ALLY":"Ally Financial Inc.","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU1861217088.USD":"贝莱德金融科技A2","BK4211":"区域性银行","GS":"高盛","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4195":"互助储蓄与抵押信贷金融服务","BK4548":"巴美列捷福持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318144672","content_text":"Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.On March 8, SVB Financial Group (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.The bank said it was repositioning to \"increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin $(NIM)$, and enhance profitability.\"In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders' ownership positions resulted in the company's shares sliding as much as 62% on March 9.The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.See Tomi Kilgore's coverage for more details on SVB's offerings, the securities sale and reaction.Red margin flagsBefore SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn't well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.A bank's net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here's how the NIM moved for SVB Financial over the past year:SVB's net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.A uniform set of net interest margins for the past five quarters isn't available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.Most margin improvementTo end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952143631,"gmtCreate":1674561315523,"gmtModify":1676538946603,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952143631","repostId":"1157773806","repostType":4,"repost":{"id":"1157773806","kind":"news","pubTimestamp":1674574260,"share":"https://ttm.financial/m/news/1157773806?lang=&edition=fundamental","pubTime":"2023-01-24 23:31","market":"us","language":"en","title":"3 Tech Stocks to Sell in January Before They Get Torpedoed","url":"https://stock-news.laohu8.com/highlight/detail?id=1157773806","media":"InvestorPlace","summary":"Here are three stocks to sell for investors looking to trim down their portfolios right now.DocuSign","content":"<html><head></head><body><ul><li>Here are three stocks to sell for investors looking to trim down their portfolios right now.</li><li><b>DocuSign</b>(<b><u>DOCU</u></b>): Rampant inflation, slowing growth rates, and a dip in the housing market are causing significant pain.</li><li><b>Opendoor</b>(<b><u>OPEN</u></b>): Opendoor is failing to live up to its reputation because the industry is in trouble.</li><li><b>Silvergate Capital Corporation</b>(<b><u>SI</u></b>): The crypto bank is lucky to still be here, having survived despite the market meltdown.</li></ul><p>With tech stocks continuing to rise, it is becoming increasingly difficult to decide which companies are worth buying, and which are simply stocks to sell. This article will give readers an overview of the best tech stocks to sell to maximize their returns.</p><p>The U.S., European, and Chinese stock markets have experienced positive gains since the start of the year. However, despite this recent bullishness,<b>UBS Global Wealth Management</b> cautioned against being over-confident in the sustainability of this run. Factors like high inflation and other market conditions could still be unfavorable for stocks in the early months of 2023.</p><p>Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, voiced his concern over the possibility of a ‘head fake’ rally, and that economic data may not achieve the market’s expectations in a recent note to clients. He cautioned that it’s still too soon to infer that inflation is no longer a concern. Additionally, he highlighted the possibility of core inflation being higher than anticipated, along with other potential risks facing the markets.</p><p>Investors could not be happier with the positive start to this year. However, they should also remain watchful. Although the market is looking up, economic data are still uncertain. Thus, it’s far from guaranteed that this impressive progress we’ve seen will remain for the rest of 2023.</p><p>Accordingly, for those looking to trim equity exposure, here are three stocks to sell.</p><p><b>DocuSign (DOCU)</b></p><p><b>DocuSign</b>(NASDAQ: <b><u>DOCU</u></b>) is a company providing digital signature solutions to a broad base of large and small corporate clients. This business model has made the company one of the most sought-after tech stocks during the pandemic. Indeed, as businesses of all sizes adjusted their operations as a result of the pandemic, many leaned on digital solutions like electronic signatures and the document management tools that DocuSign offers.</p><p>DocuSign’s yearly revenue has seen tremendous growth in the last three years. In 2022, the company reported $2.1 billion in revenue, a 45% increase on a year-over-year basis. Impressively, 2021’s $1.453 billion in revenue was also roughly 50% higher over 2020, meaning this is a compounder with some serious clout. That said, revenue growth has slowed of late, with the company reporting top-line growth of 24.5% for the 12 months ended Oct. 31, 2022.</p><p>Growth has slowed further, to just 18%, as pr the company’s recently-released Q3 and fiscal 2023 financial results. Subscription income came in at $624.1 million, an increase of 18% compared to the year prior. Professional services and other revenue registered a boost of 27%, amounting to $21.4 million compared to the same period last year. However, the numbers signify a decrease sequentially, and reflect a general decline in growth for this previous high-flyer.</p><p>In addition, the dip in the residential real estate market is a cause for worry. When he published his piece on tech stocks to sell in December, <i>InvestorPlace</i> contributor Larry Ramer made an astute evaluation. That is, that the housing market was among the driving forces behind this organization’s success. The data proves Ramer is right.</p><p>Unfortunately, the US housing market saw another decline in December, extending the slump to four consecutive months in 2022. This marked a difficult year for the industry, which experienced its first annual decrease in housing starts since 2009.</p><p>Many people, including Larry, used the software when purchasing a house. However, the market downturn has intensified downward pressure on DocuSign, which is why it is on this list of tech stocks to sell.</p><p><b>Opendoor (OPEN)</b></p><p><b>Opendoor Technologies</b>(NASDAQ: <b><u>OPEN</u></b>) is bringing about a revolution in the home-buying process with its disruptive technology. It aims to provide an automated solution for a smoother, quicker, and more convenient buying experience. Accordingly, it’s no surprise to see the influx of investors to this stock, when it made its debut in 2020.</p><p>In 2020, when Opendoor made its stock market debut, investors swarmed to the investment opportunity. This was at the pandemic’s peak, when investors were flush with cash and looking for a place to grow it. As a result, the stock did very well during its initial few weeks, surging in value as speculators entered the market.</p><p>However, Opendoor’s stock price has hit a rough patch over the past year. This is primarily due to increasingly bearish market sentiment. OPEN stock has lows two-thirds of its value over the past year, with expectations building that more in the way of declines could be on the horizon.</p><p>That’s largely due to the widespread aforementioned decline in the real estate market. Higher interest rates have killed this market, with home starts seeing one of the worst declines on record. <b>Redfin</b> anticipates that there will be a 16% decline in the number of existing home sales from 2022 to 2023, resulting in 4.3 million total sales. According to the company’s report, buyers are hesitant to make purchases due to affordability issues such as inflation, higher mortgage rates, and pricey homes, along with the possibility of an economic recession. <b>Morgan Stanley</b>(NYSE:<b><u>MS</u></b>) experts are also anticipating a fall in the housing sector by 2023, which could be damaging to those who bought their homes the previous year in 2022.</p><p>Undoubtedly, Opendoor’s business model is disruptive. But market trends are going against the stock, making this a top stock to sell in my books right now.</p><p><b>Silvergate Capital Corporation (SI)</b></p><p>Ah, how time flies! It seems like yesterday we were all discussing <b>Silvergate Capital</b>(NYSE:<b><u>SI</u></b>), a Californian bank that mainly specializes in cryptocurrency transactions. However, after the epic downturn in the crypto markets and the spectacular collapse of FTX, Silvergate Capital is on the ropes.</p><p>On Jan. 17, Silvergate Capital revealed its fiscal Q4 earnings, recording a net loss of $1.0 billion or ($33.16 per share). Average digital asset deposits declined to $7.3 billion from the prior quarter’s $12.0 billion. Following these results, investors have clearly priced in worries about a run on the bank, which could lead to a collapse in Silvergate Capital in short order. Fortunately, this hasn’t occurred yet, due in part to the company’s reported total deposits of $3.8 billion at the end of the quarter.</p><p>That said, during the quarter, management reported $5.2 billion in sales of debt and securities at a disadvantageous expense of $718 million, to ensure sufficient liquidity. The firm reported a massive loss, and the company’s stock price reflected this reality as well.</p><p>Those who think that this lower stock price provides a great entry point should be warned. The selling pressure with SI stock may be far from over. Many investors didn’t think the company will be able to make it out of this crypto winter. And while Silvergate Capital may continue to sustain itself temporarily on trading fees from its exchange-traded products, it’s unclear how much investor demand will remain for its shares, should another contagion event take place.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Tech Stocks to Sell in January Before They Get Torpedoed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Tech Stocks to Sell in January Before They Get Torpedoed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-24 23:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/01/3-tech-stocks-to-sell-in-january-before-they-get-torpedod-docu-open-si/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are three stocks to sell for investors looking to trim down their portfolios right now.DocuSign(DOCU): Rampant inflation, slowing growth rates, and a dip in the housing market are causing ...</p>\n\n<a href=\"https://investorplace.com/2023/01/3-tech-stocks-to-sell-in-january-before-they-get-torpedod-docu-open-si/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DOCU":"Docusign","OPEN":"Opendoor Technologies Inc"},"source_url":"https://investorplace.com/2023/01/3-tech-stocks-to-sell-in-january-before-they-get-torpedod-docu-open-si/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157773806","content_text":"Here are three stocks to sell for investors looking to trim down their portfolios right now.DocuSign(DOCU): Rampant inflation, slowing growth rates, and a dip in the housing market are causing significant pain.Opendoor(OPEN): Opendoor is failing to live up to its reputation because the industry is in trouble.Silvergate Capital Corporation(SI): The crypto bank is lucky to still be here, having survived despite the market meltdown.With tech stocks continuing to rise, it is becoming increasingly difficult to decide which companies are worth buying, and which are simply stocks to sell. This article will give readers an overview of the best tech stocks to sell to maximize their returns.The U.S., European, and Chinese stock markets have experienced positive gains since the start of the year. However, despite this recent bullishness,UBS Global Wealth Management cautioned against being over-confident in the sustainability of this run. Factors like high inflation and other market conditions could still be unfavorable for stocks in the early months of 2023.Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, voiced his concern over the possibility of a ‘head fake’ rally, and that economic data may not achieve the market’s expectations in a recent note to clients. He cautioned that it’s still too soon to infer that inflation is no longer a concern. Additionally, he highlighted the possibility of core inflation being higher than anticipated, along with other potential risks facing the markets.Investors could not be happier with the positive start to this year. However, they should also remain watchful. Although the market is looking up, economic data are still uncertain. Thus, it’s far from guaranteed that this impressive progress we’ve seen will remain for the rest of 2023.Accordingly, for those looking to trim equity exposure, here are three stocks to sell.DocuSign (DOCU)DocuSign(NASDAQ: DOCU) is a company providing digital signature solutions to a broad base of large and small corporate clients. This business model has made the company one of the most sought-after tech stocks during the pandemic. Indeed, as businesses of all sizes adjusted their operations as a result of the pandemic, many leaned on digital solutions like electronic signatures and the document management tools that DocuSign offers.DocuSign’s yearly revenue has seen tremendous growth in the last three years. In 2022, the company reported $2.1 billion in revenue, a 45% increase on a year-over-year basis. Impressively, 2021’s $1.453 billion in revenue was also roughly 50% higher over 2020, meaning this is a compounder with some serious clout. That said, revenue growth has slowed of late, with the company reporting top-line growth of 24.5% for the 12 months ended Oct. 31, 2022.Growth has slowed further, to just 18%, as pr the company’s recently-released Q3 and fiscal 2023 financial results. Subscription income came in at $624.1 million, an increase of 18% compared to the year prior. Professional services and other revenue registered a boost of 27%, amounting to $21.4 million compared to the same period last year. However, the numbers signify a decrease sequentially, and reflect a general decline in growth for this previous high-flyer.In addition, the dip in the residential real estate market is a cause for worry. When he published his piece on tech stocks to sell in December, InvestorPlace contributor Larry Ramer made an astute evaluation. That is, that the housing market was among the driving forces behind this organization’s success. The data proves Ramer is right.Unfortunately, the US housing market saw another decline in December, extending the slump to four consecutive months in 2022. This marked a difficult year for the industry, which experienced its first annual decrease in housing starts since 2009.Many people, including Larry, used the software when purchasing a house. However, the market downturn has intensified downward pressure on DocuSign, which is why it is on this list of tech stocks to sell.Opendoor (OPEN)Opendoor Technologies(NASDAQ: OPEN) is bringing about a revolution in the home-buying process with its disruptive technology. It aims to provide an automated solution for a smoother, quicker, and more convenient buying experience. Accordingly, it’s no surprise to see the influx of investors to this stock, when it made its debut in 2020.In 2020, when Opendoor made its stock market debut, investors swarmed to the investment opportunity. This was at the pandemic’s peak, when investors were flush with cash and looking for a place to grow it. As a result, the stock did very well during its initial few weeks, surging in value as speculators entered the market.However, Opendoor’s stock price has hit a rough patch over the past year. This is primarily due to increasingly bearish market sentiment. OPEN stock has lows two-thirds of its value over the past year, with expectations building that more in the way of declines could be on the horizon.That’s largely due to the widespread aforementioned decline in the real estate market. Higher interest rates have killed this market, with home starts seeing one of the worst declines on record. Redfin anticipates that there will be a 16% decline in the number of existing home sales from 2022 to 2023, resulting in 4.3 million total sales. According to the company’s report, buyers are hesitant to make purchases due to affordability issues such as inflation, higher mortgage rates, and pricey homes, along with the possibility of an economic recession. Morgan Stanley(NYSE:MS) experts are also anticipating a fall in the housing sector by 2023, which could be damaging to those who bought their homes the previous year in 2022.Undoubtedly, Opendoor’s business model is disruptive. But market trends are going against the stock, making this a top stock to sell in my books right now.Silvergate Capital Corporation (SI)Ah, how time flies! It seems like yesterday we were all discussing Silvergate Capital(NYSE:SI), a Californian bank that mainly specializes in cryptocurrency transactions. However, after the epic downturn in the crypto markets and the spectacular collapse of FTX, Silvergate Capital is on the ropes.On Jan. 17, Silvergate Capital revealed its fiscal Q4 earnings, recording a net loss of $1.0 billion or ($33.16 per share). Average digital asset deposits declined to $7.3 billion from the prior quarter’s $12.0 billion. Following these results, investors have clearly priced in worries about a run on the bank, which could lead to a collapse in Silvergate Capital in short order. Fortunately, this hasn’t occurred yet, due in part to the company’s reported total deposits of $3.8 billion at the end of the quarter.That said, during the quarter, management reported $5.2 billion in sales of debt and securities at a disadvantageous expense of $718 million, to ensure sufficient liquidity. The firm reported a massive loss, and the company’s stock price reflected this reality as well.Those who think that this lower stock price provides a great entry point should be warned. The selling pressure with SI stock may be far from over. Many investors didn’t think the company will be able to make it out of this crypto winter. And while Silvergate Capital may continue to sustain itself temporarily on trading fees from its exchange-traded products, it’s unclear how much investor demand will remain for its shares, should another contagion event take place.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960783217,"gmtCreate":1668259296739,"gmtModify":1676538034843,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9960783217","repostId":"1137748454","repostType":4,"repost":{"id":"1137748454","kind":"news","pubTimestamp":1668216439,"share":"https://ttm.financial/m/news/1137748454?lang=&edition=fundamental","pubTime":"2022-11-12 09:27","market":"us","language":"en","title":"A $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=1137748454","media":"Barron's","summary":"How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, a","content":"<html><head></head><body><p>How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?</p><p>In crypto, about a week.</p><p>The debacle unfolded in real time on Twitter as the crypto empire run by Sam Bankman-Fried collapsed. FTX Group, his conglomerate of 130 entities—including the FTX exchange and Alameda Research, a market maker and trading firm—filed for U.S. bankruptcy protection on Friday.</p><p>Bankman-Fried resigned as CEO from the group, issuing a mea culpa on Twitter. “I’m really sorry, again, that we ended up here,” he said in a stream of tweets. “I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week,” he added.</p><p>Bankman-Fried wasn’t the only one expressing shock. FTX, the world’s second largest crypto exchange, collapsed over a few chaotic days, brought down by a liquidity crisis as customers lost confidence in the exchange. Essentially, it was an old-fashioned run on the bank, with no federal regulator or private entity willing to prop up FTX, unwind the operations, or contain the fallout.</p><p>The collateral damage is likely to be vast. FTX and Alameda played central roles in crypto trading, market making, lending, and bailouts of other firms. FTX had attracted investment from prominent venture-capital firms, pension funds, and hedge funds. Some of them invested in FTX at a valuation of $32 billion just a few months ago. They are now marking down their investments to zero.</p><p>The unraveling has already knocked more than $125 billion in market cap off Bitcoin and other tokens. FTX has frozen customer accounts. Its U.S. entity, FTX US, had said it would probably halt trading within days, though its website was still operational on Friday, including a pitch to “join some of the world’s biggest names who trust FTX,” showing photos of Tom Brady and Stephen Curry.</p><p>Other entities that have paused withdrawals include BlockFi, a crypto lender that FTX bailed out last summer. More entities and counterparties with exposure to FTX are likely to be revealed as the bankruptcy proceedings get rolling.</p><p>Regulators are now under far more pressure to ramp up supervision of an industry that has so far thrived on opacity and a lack of clear rules. “I hope some of these firms take note and actually work with us and get registered, or we’ll certainly be doing what we need to do, being a cop on the beat,” said Securities and Exchange Commission Chair Gary Gensler at a conference on Wednesday.</p><p>It’s unclear how crypto will clean up its latest mess. Indeed, what little credibility crypto had is being tested anew, raising questions about whether the whole edifice will simply crumble under its own weight.</p><p>“Those who were skeptical about crypto will become even more skeptical. They’re not wrong to feel that way,” says Ric Edelman, head of the Digital Assets Council of Financial Professionals.</p><p>Before his empire fell apart, Bankman-Fried had been viewed as a kind of crypto philosopher king. A 30-year-old Californian, educated at Massachusetts Institute of Technology, he built FTX and Alameda into the very fabric of crypto infrastructure, playing a leading role in derivatives, trading, and market-making activity.</p><p><img src=\"https://static.tigerbbs.com/c380e6b530fb0a8f21ae5df380dcfabf\" tg-width=\"939\" tg-height=\"639\" width=\"100%\" height=\"auto\"/></p><p>As FTX and its related entities grew into a multibillion-dollar empire, Bankman-Fried parlayed his wealth and prominence widely. He spent millions on sports, including naming rights to the Miami Heat’s National Basketball Association arena and sponsorship of Formula 1 racing cars. He also promised to donate most of his fortune to charities. And he became a fixture on Capitol Hill, arguing for regulation and donating to political campaigns in a bid to bring crypto into the mainstream.</p><p>Bankman-Fried also built a reputation as a crypto white knight—a banker of last resort. BlockFi and Voyager Digitalboth got bailouts or lines of credit, though Voyager didn’t survive. Bankman-Fried also invested in other crypto platforms, including Robinhood Markets (ticker: HOOD), owning a 7.5% stake in the company worth $570 million at recent prices.</p><p>The collapse of FTX could prove costly, well beyond crypto. FTX’s venture-capital investors included big names like Sequoia Capital, Tiger Global Management, and the Ontario Teachers’ Pension Plan. Sequoia now says that its investment is worth zero.</p><p>Analysts expect more companies to reveal exposures and losses. “There could be other cascading failures that could emerge,” says Lucas Nuzzi, head of research and development at Coin Metrics, a research firm working on a report that may identify additional counterparties to FTX and Alameda.</p><p>One immediate impact, of course, is sheer fear of crypto. Potential investors in start-ups are now more likely to shy away, says Antonio Juliano, CEO of dYdX, one of the largest decentralized-finance, or DeFi, exchanges. “This will decrease interest in crypto for the short to medium term,” he says.</p><p>There may also be a chill on crypto demand as investors question whether their tokens, custodied through brokerages and exchanges, will be accessible in the event of a bankruptcy. FTX used customer assets for trading at Alameda without their knowledge, according to media reports. When Alameda couldn’t meet its obligations, it spilled over to FTX’s customer base.</p><p>Equity brokerages and exchanges regulated by the SEC would never be allowed to use customer assets in that way. Those lines are largely absent in crypto, however. U.S. exchange are licensed by states as money-transfer businesses. And there is no regulatory body supervising operations of global exchanges like Bahamas-based FTX.</p><p>Coinbase Global (COIN), the largest U.S.-based exchange, said this past week that “there can’t be a run on the bank” at the firm and that it lends customer assets only with approval.</p><p>Nonetheless, the collapse of FTX underscores the market’s concentration in a handful of companies. And it reveals how even two of the big players can shake the foundations.</p><p>FTX’s demise started when CoinDesk reported that Alameda’s balance sheet consisted partly of a token called FTT, which is used for trading and commissions on the FTX exchange. Days later, Changpeng Zhao, the leader of Binance—the world’s largest crypto exchange—said he planned to unload more than $500 million worth of FTT that his firm had acquired.</p><p>With that, the run on FTX began. On Sunday, FTX saw $5 billion in customer withdrawals. Bankman-Fried then sought emerging funding to cover shortfalls, estimated at $8 billion. On Tuesday, Binance appeared to be a savior, signing a letter of intent to buy FTX. The next day, Binance pulled out, saying that “the issues are beyond our control or ability to help.”</p><p>Bankman-Fried has said that he thought it likely that Zhao never intended to buy FTX. “Well played; you won,” he said on Twitter, in an apparent allusion to Zhao taking out a rival.</p><p>FTX did not respond to a request for comment. Binance declined to comment.</p><p>The regulatory fallout is just starting. Democrats in Congress are calling for hearings, and the White House has weighed in. “The most recent news...highlights why prudent regulation of cryptocurrencies is indeed needed,” press secretary Karine Jean-Pierre told reporters.</p><p>U.S. enforcement agencies are now expanding inquiries. If the SEC alleges that FTX broke securities laws, it could create liability for the entire industry. “That’s what can really shake the industry,” says Tyler Gellasch, a former SEC senior counsel.</p><p>Representatives for the SEC and the Commodity Futures Trading Commission declined to comment.</p><p>Even if FTX’s troubles seem remote, the damage is likely to keep affecting tokens, brokerages like Coinbase and Robinhood, and the many banks, lenders, and tech companies trying to build crypto businesses.</p><p>“FTX and SBF were these megawatt stars in crypto and had garnered a lot of trust, not just among institutional investors but also among regulators,” says Morningstar’s Madeline Hume, referring to Bankman-Fried. “The risk of contagion has never been higher.”</p></body></html>","source":"lsy1610680873436","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>A $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond 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\">\nA $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-12 09:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?In crypto, about a week.The ...</p>\n\n<a href=\"https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137748454","content_text":"How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?In crypto, about a week.The debacle unfolded in real time on Twitter as the crypto empire run by Sam Bankman-Fried collapsed. FTX Group, his conglomerate of 130 entities—including the FTX exchange and Alameda Research, a market maker and trading firm—filed for U.S. bankruptcy protection on Friday.Bankman-Fried resigned as CEO from the group, issuing a mea culpa on Twitter. “I’m really sorry, again, that we ended up here,” he said in a stream of tweets. “I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week,” he added.Bankman-Fried wasn’t the only one expressing shock. FTX, the world’s second largest crypto exchange, collapsed over a few chaotic days, brought down by a liquidity crisis as customers lost confidence in the exchange. Essentially, it was an old-fashioned run on the bank, with no federal regulator or private entity willing to prop up FTX, unwind the operations, or contain the fallout.The collateral damage is likely to be vast. FTX and Alameda played central roles in crypto trading, market making, lending, and bailouts of other firms. FTX had attracted investment from prominent venture-capital firms, pension funds, and hedge funds. Some of them invested in FTX at a valuation of $32 billion just a few months ago. They are now marking down their investments to zero.The unraveling has already knocked more than $125 billion in market cap off Bitcoin and other tokens. FTX has frozen customer accounts. Its U.S. entity, FTX US, had said it would probably halt trading within days, though its website was still operational on Friday, including a pitch to “join some of the world’s biggest names who trust FTX,” showing photos of Tom Brady and Stephen Curry.Other entities that have paused withdrawals include BlockFi, a crypto lender that FTX bailed out last summer. More entities and counterparties with exposure to FTX are likely to be revealed as the bankruptcy proceedings get rolling.Regulators are now under far more pressure to ramp up supervision of an industry that has so far thrived on opacity and a lack of clear rules. “I hope some of these firms take note and actually work with us and get registered, or we’ll certainly be doing what we need to do, being a cop on the beat,” said Securities and Exchange Commission Chair Gary Gensler at a conference on Wednesday.It’s unclear how crypto will clean up its latest mess. Indeed, what little credibility crypto had is being tested anew, raising questions about whether the whole edifice will simply crumble under its own weight.“Those who were skeptical about crypto will become even more skeptical. They’re not wrong to feel that way,” says Ric Edelman, head of the Digital Assets Council of Financial Professionals.Before his empire fell apart, Bankman-Fried had been viewed as a kind of crypto philosopher king. A 30-year-old Californian, educated at Massachusetts Institute of Technology, he built FTX and Alameda into the very fabric of crypto infrastructure, playing a leading role in derivatives, trading, and market-making activity.As FTX and its related entities grew into a multibillion-dollar empire, Bankman-Fried parlayed his wealth and prominence widely. He spent millions on sports, including naming rights to the Miami Heat’s National Basketball Association arena and sponsorship of Formula 1 racing cars. He also promised to donate most of his fortune to charities. And he became a fixture on Capitol Hill, arguing for regulation and donating to political campaigns in a bid to bring crypto into the mainstream.Bankman-Fried also built a reputation as a crypto white knight—a banker of last resort. BlockFi and Voyager Digitalboth got bailouts or lines of credit, though Voyager didn’t survive. Bankman-Fried also invested in other crypto platforms, including Robinhood Markets (ticker: HOOD), owning a 7.5% stake in the company worth $570 million at recent prices.The collapse of FTX could prove costly, well beyond crypto. FTX’s venture-capital investors included big names like Sequoia Capital, Tiger Global Management, and the Ontario Teachers’ Pension Plan. Sequoia now says that its investment is worth zero.Analysts expect more companies to reveal exposures and losses. “There could be other cascading failures that could emerge,” says Lucas Nuzzi, head of research and development at Coin Metrics, a research firm working on a report that may identify additional counterparties to FTX and Alameda.One immediate impact, of course, is sheer fear of crypto. Potential investors in start-ups are now more likely to shy away, says Antonio Juliano, CEO of dYdX, one of the largest decentralized-finance, or DeFi, exchanges. “This will decrease interest in crypto for the short to medium term,” he says.There may also be a chill on crypto demand as investors question whether their tokens, custodied through brokerages and exchanges, will be accessible in the event of a bankruptcy. FTX used customer assets for trading at Alameda without their knowledge, according to media reports. When Alameda couldn’t meet its obligations, it spilled over to FTX’s customer base.Equity brokerages and exchanges regulated by the SEC would never be allowed to use customer assets in that way. Those lines are largely absent in crypto, however. U.S. exchange are licensed by states as money-transfer businesses. And there is no regulatory body supervising operations of global exchanges like Bahamas-based FTX.Coinbase Global (COIN), the largest U.S.-based exchange, said this past week that “there can’t be a run on the bank” at the firm and that it lends customer assets only with approval.Nonetheless, the collapse of FTX underscores the market’s concentration in a handful of companies. And it reveals how even two of the big players can shake the foundations.FTX’s demise started when CoinDesk reported that Alameda’s balance sheet consisted partly of a token called FTT, which is used for trading and commissions on the FTX exchange. Days later, Changpeng Zhao, the leader of Binance—the world’s largest crypto exchange—said he planned to unload more than $500 million worth of FTT that his firm had acquired.With that, the run on FTX began. On Sunday, FTX saw $5 billion in customer withdrawals. Bankman-Fried then sought emerging funding to cover shortfalls, estimated at $8 billion. On Tuesday, Binance appeared to be a savior, signing a letter of intent to buy FTX. The next day, Binance pulled out, saying that “the issues are beyond our control or ability to help.”Bankman-Fried has said that he thought it likely that Zhao never intended to buy FTX. “Well played; you won,” he said on Twitter, in an apparent allusion to Zhao taking out a rival.FTX did not respond to a request for comment. Binance declined to comment.The regulatory fallout is just starting. Democrats in Congress are calling for hearings, and the White House has weighed in. “The most recent news...highlights why prudent regulation of cryptocurrencies is indeed needed,” press secretary Karine Jean-Pierre told reporters.U.S. enforcement agencies are now expanding inquiries. If the SEC alleges that FTX broke securities laws, it could create liability for the entire industry. “That’s what can really shake the industry,” says Tyler Gellasch, a former SEC senior counsel.Representatives for the SEC and the Commodity Futures Trading Commission declined to comment.Even if FTX’s troubles seem remote, the damage is likely to keep affecting tokens, brokerages like Coinbase and Robinhood, and the many banks, lenders, and tech companies trying to build crypto businesses.“FTX and SBF were these megawatt stars in crypto and had garnered a lot of trust, not just among institutional investors but also among regulators,” says Morningstar’s Madeline Hume, referring to Bankman-Fried. “The risk of contagion has never been higher.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953091731,"gmtCreate":1673093998923,"gmtModify":1676538786059,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9953091731","repostId":"2301620946","repostType":4,"repost":{"id":"2301620946","kind":"highlight","pubTimestamp":1673051740,"share":"https://ttm.financial/m/news/2301620946?lang=&edition=fundamental","pubTime":"2023-01-07 08:35","market":"us","language":"en","title":"Is Now the Time to Go All-In on Tesla Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2301620946","media":"Motley Fool","summary":"Tesla stock has never been this inexpensive, but there are some good reasons for that.","content":"<html><head></head><body><h2>KEY POINTS</h2><ul><li>If you think Tesla is just a consumer EV play, then it&#39;s not a compelling buy.</li><li>But if you think Tesla will become a major player in the commercial trucking industry and be a leader in autonomous technology, then it&#39;s a great time to buy.</li><li>Tesla could fail to meet its lofty goals over the next couple of years.</li></ul><p><b>Tesla</b> stock had a rough first day of the 2023 trading calendar year, falling 12.2%. But shares were down as much as 15% at one point during the session.</p><p>The sell-off was largely due to Tesla&#39;s disappointing delivery numbers for Q4 2022, which were released on Monday when markets were closed. Tesla achieved record deliveries of 1.314 million vehicles in 2022, including 405,278 deliveries in Q4 alone. But many analysts, such as Wedbush Securities&#39; Dan Ives, were expecting a Q4 delivery figure in the range of 415,000 to 420,000.</p><p>Tesla produced 8.5% more vehicles than it delivered for the quarter. It remains to be seen if the gap between production and deliveries was due to decreasing demand or logistics issues. Either way, the lower-than-expected delivery number adds yet another cause for concern to a stock that is down a staggering 59% in the last three months.</p><p>With the stock hitting a two-year intraday low on Monday, is now the time to go all-in? Or could there be more pain ahead for the electric vehicle (EV) industry leader?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9647ab92415cfa85ca674b8957ba91b9\" tg-width=\"700\" tg-height=\"525\" width=\"100%\" height=\"auto\"/><span>Image source: Tesla.</span></p><h2>A tale of two investment theses</h2><p><b>Daniel Foelber:</b> As tempting as it may be to buy Tesla amid the steep sell-off, I think investors should first take a step back and decide what they believe Tesla&#39;s value proposition really is.</p><p>There are many facets to Tesla&#39;s business. The core is the production and sale of electric cars to consumers, which has a lot of room for growth in its own right.</p><p>But the bigger growth story is arguably the company&#39;s penetration into the trucking industry, as well as its proprietary autonomous driving technology.</p><p>There are plenty of companies that are working on lowering emissions for Class 8 trucks by substituting diesel for compressed natural gas or using alternative fuels. But no company has achieved the milestones that Tesla has with its electric semi-truck. In November of last year, Tesla&#39;s semi-truck achieved 500 miles of range with a full load. By comparison, <b>Volvo</b>&#39;s electric FM truck has a range of over 235 miles. However, the electric semi-truck race is just as much about cost and availability as it is about specs. Even so, Tesla&#39;s progress indicates that the electric semi-truck industry could one day end up being more profitable for Tesla than its consumer cars. But that&#39;s a big &#34;if.&#34; And in the meantime, it&#39;s going to cost a lot of money to scale semi-truck production.</p><p>In addition to the semi-truck and autonomous driving markets, there&#39;s the opportunity for Tesla to expand its renewable energy generation and storage efforts, which remain a sideshow at this point.</p><p>Investors interested in the EV industry are getting a rare opportunity to buy Tesla stock at its lowest forward price to earnings ratio ever. However, the stock is still more expensive today than it was from 2016 to 2019 based on its tangible book value.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/febd5852afe0bfb3481820aec769acae\" tg-width=\"720\" tg-height=\"496\" width=\"100%\" height=\"auto\"/><span>TSLA PE Ratio (Forward) data by YCharts</span></p><p>The company is likely to take market share in a slowdown because it has the balance sheet and operating margin to handle weakening demand better than its EV competitors. That advantage alone justifies opening a starter position in Tesla stock.</p><p>But if you&#39;re the kind of investor that believes Tesla has a chance to disrupt the autonomous driving industry and take market share across the transportation industry (including the trucking industry), then making Tesla a top-10 -- or even top-five -- holding makes a lot of sense, especially at this price.</p><h2>Accumulation is a safer approach</h2><p><b>Howard Smith:</b> Investors have had high expectations for Tesla over the past three years, and have assigned it a correspondingly high valuation. But for those that believe the company and EV sector will continue to grow, the 65% drop in the stock price in 2022 provides a compelling opportunity to invest in the industry leader. I do believe that, and I did recently add Tesla shares to my portfolio. That doesn&#39;t mean it&#39;s necessarily a good idea to jump in with an outsized position, however.</p><p>That&#39;s especially true with Tesla, since it is in a still-evolving sector and could disappoint investors in the near term. A case in point was its recently announced fourth-quarter vehicle delivery data. The shortfall in deliveries came as demand has been impacted by increasing competition, slowing global economies, and the effects of COVID-19 spreading in China.</p><p>Looking at the bigger picture, however, the company&#39;s growth remains strong. Its production increased 47% in 2022 versus 2021. But deliveries only increased 40%, leading investors to believe Tesla might not, in fact, meet its previous projections to average 50% growth over the next few years.</p><p>That said, now seems to be a good time to begin buying, or adding to your position. Even if Tesla grows earnings by only 30%, it recently was priced at a price/earnings-to-growth (PEG) ratio of below 1.0 based on 2023 estimates. Accumulating shares makes sense now for long-term investors, but there may be better prices to add more later. That&#39;s a good reason not to jump in all at once.</p><h2>Tesla is a battleground stock for a reason</h2><p>As swift and brutal as the Tesla stock sell-off has been, there are valid reasons why Tesla stock deserved to fall. The valuation had gotten nosebleed, to put it lightly. Tesla stock rose 743% in 2020 and then <i>another</i> 50% in 2021 for a two-year gain of -- wait for it -- 1,263%.</p><p>Tesla stock could easily set new all-time highs in the future. The problem with stock prices rising so quickly is that the company has to hit lofty goals to make the valuation reasonable. And as impressive as Tesla&#39;s growth has been, a mix of macroeconomic and self-inflicted challenges are making those lofty goals increasingly unlikely. Missing delivery expectation paired with the possibility of a recession (and slowing demand for discretionary purchases like cars) adds another layer of issues impacting Tesla.</p><p>In sum, now isn&#39;t the time to go all-in on Tesla stock. But it is the perfect opportunity to reassess what your investment thesis for Tesla is, as well as if you want to open a starter position in Tesla or add to Tesla stock now that it&#39;s at a reasonable valuation.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Now the Time to Go All-In on Tesla Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nIs Now the Time to Go All-In on Tesla Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-07 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/01/06/is-now-the-time-to-go-all-in-on-tesla-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSIf you think Tesla is just a consumer EV play, then it's not a compelling buy.But if you think Tesla will become a major player in the commercial trucking industry and be a leader in ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/06/is-now-the-time-to-go-all-in-on-tesla-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4581":"高盛持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4511":"特斯拉概念","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4099":"汽车制造商","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4548":"巴美列捷福持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0823411888.USD":"法巴消费创新基金 Cap","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4555":"新能源车","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4527":"明星科技股","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4550":"红杉资本持仓","LU2063271972.USD":"富兰克林创新领域基金","BK4574":"无人驾驶"},"source_url":"https://www.fool.com/investing/2023/01/06/is-now-the-time-to-go-all-in-on-tesla-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301620946","content_text":"KEY POINTSIf you think Tesla is just a consumer EV play, then it's not a compelling buy.But if you think Tesla will become a major player in the commercial trucking industry and be a leader in autonomous technology, then it's a great time to buy.Tesla could fail to meet its lofty goals over the next couple of years.Tesla stock had a rough first day of the 2023 trading calendar year, falling 12.2%. But shares were down as much as 15% at one point during the session.The sell-off was largely due to Tesla's disappointing delivery numbers for Q4 2022, which were released on Monday when markets were closed. Tesla achieved record deliveries of 1.314 million vehicles in 2022, including 405,278 deliveries in Q4 alone. But many analysts, such as Wedbush Securities' Dan Ives, were expecting a Q4 delivery figure in the range of 415,000 to 420,000.Tesla produced 8.5% more vehicles than it delivered for the quarter. It remains to be seen if the gap between production and deliveries was due to decreasing demand or logistics issues. Either way, the lower-than-expected delivery number adds yet another cause for concern to a stock that is down a staggering 59% in the last three months.With the stock hitting a two-year intraday low on Monday, is now the time to go all-in? Or could there be more pain ahead for the electric vehicle (EV) industry leader?Image source: Tesla.A tale of two investment thesesDaniel Foelber: As tempting as it may be to buy Tesla amid the steep sell-off, I think investors should first take a step back and decide what they believe Tesla's value proposition really is.There are many facets to Tesla's business. The core is the production and sale of electric cars to consumers, which has a lot of room for growth in its own right.But the bigger growth story is arguably the company's penetration into the trucking industry, as well as its proprietary autonomous driving technology.There are plenty of companies that are working on lowering emissions for Class 8 trucks by substituting diesel for compressed natural gas or using alternative fuels. But no company has achieved the milestones that Tesla has with its electric semi-truck. In November of last year, Tesla's semi-truck achieved 500 miles of range with a full load. By comparison, Volvo's electric FM truck has a range of over 235 miles. However, the electric semi-truck race is just as much about cost and availability as it is about specs. Even so, Tesla's progress indicates that the electric semi-truck industry could one day end up being more profitable for Tesla than its consumer cars. But that's a big \"if.\" And in the meantime, it's going to cost a lot of money to scale semi-truck production.In addition to the semi-truck and autonomous driving markets, there's the opportunity for Tesla to expand its renewable energy generation and storage efforts, which remain a sideshow at this point.Investors interested in the EV industry are getting a rare opportunity to buy Tesla stock at its lowest forward price to earnings ratio ever. However, the stock is still more expensive today than it was from 2016 to 2019 based on its tangible book value.TSLA PE Ratio (Forward) data by YChartsThe company is likely to take market share in a slowdown because it has the balance sheet and operating margin to handle weakening demand better than its EV competitors. That advantage alone justifies opening a starter position in Tesla stock.But if you're the kind of investor that believes Tesla has a chance to disrupt the autonomous driving industry and take market share across the transportation industry (including the trucking industry), then making Tesla a top-10 -- or even top-five -- holding makes a lot of sense, especially at this price.Accumulation is a safer approachHoward Smith: Investors have had high expectations for Tesla over the past three years, and have assigned it a correspondingly high valuation. But for those that believe the company and EV sector will continue to grow, the 65% drop in the stock price in 2022 provides a compelling opportunity to invest in the industry leader. I do believe that, and I did recently add Tesla shares to my portfolio. That doesn't mean it's necessarily a good idea to jump in with an outsized position, however.That's especially true with Tesla, since it is in a still-evolving sector and could disappoint investors in the near term. A case in point was its recently announced fourth-quarter vehicle delivery data. The shortfall in deliveries came as demand has been impacted by increasing competition, slowing global economies, and the effects of COVID-19 spreading in China.Looking at the bigger picture, however, the company's growth remains strong. Its production increased 47% in 2022 versus 2021. But deliveries only increased 40%, leading investors to believe Tesla might not, in fact, meet its previous projections to average 50% growth over the next few years.That said, now seems to be a good time to begin buying, or adding to your position. Even if Tesla grows earnings by only 30%, it recently was priced at a price/earnings-to-growth (PEG) ratio of below 1.0 based on 2023 estimates. Accumulating shares makes sense now for long-term investors, but there may be better prices to add more later. That's a good reason not to jump in all at once.Tesla is a battleground stock for a reasonAs swift and brutal as the Tesla stock sell-off has been, there are valid reasons why Tesla stock deserved to fall. The valuation had gotten nosebleed, to put it lightly. Tesla stock rose 743% in 2020 and then another 50% in 2021 for a two-year gain of -- wait for it -- 1,263%.Tesla stock could easily set new all-time highs in the future. The problem with stock prices rising so quickly is that the company has to hit lofty goals to make the valuation reasonable. And as impressive as Tesla's growth has been, a mix of macroeconomic and self-inflicted challenges are making those lofty goals increasingly unlikely. Missing delivery expectation paired with the possibility of a recession (and slowing demand for discretionary purchases like cars) adds another layer of issues impacting Tesla.In sum, now isn't the time to go all-in on Tesla stock. But it is the perfect opportunity to reassess what your investment thesis for Tesla is, as well as if you want to open a starter position in Tesla or add to Tesla stock now that it's at a reasonable valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955528101,"gmtCreate":1675582500903,"gmtModify":1676539008474,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955528101","repostId":"2308684441","repostType":4,"repost":{"id":"2308684441","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1675558051,"share":"https://ttm.financial/m/news/2308684441?lang=&edition=fundamental","pubTime":"2023-02-05 08:47","market":"us","language":"en","title":"The Stock-Market Rally Survived a Confusing Week. Here's What Comes Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2308684441","media":"Dow Jones","summary":"A key point of conflict requires resolutionInvestors can be excused for feeling a sense of confusion","content":"<html><head></head><body><p>A key point of conflict requires resolution</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d84acd0fff9a6d03a294f0091d5a09d\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors can be excused for feeling a sense of confusion. GETTY IMAGES/ISTOCKPHOTO</span></p><p>Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023&#39;s young but robust stock-market rally very much alive.</p><p>But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said.</p><p>Stocks rose early in the week as traders continued to bet that the Federal Reserve won&#39;t follow through on its forecast to push the federal funds rate to a peak above 5% and hold it there, instead looking for cuts by year-end. Fed chief Jerome Powell pushed back against that expectation again on Wednesday, but a nuanced answer to a question about loosening financial conditions and an acknowledgment that the &#34;disinflationary process&#34; had begun convinced traders they remained right about the rate path.</p><p>On Friday, however, a blowout January jobs report, with the U.S. economy adding 517,000 jobs and the unemployment rate dropping to 3.4%, its lowest level since 1969, appeared to affirm Powell&#39;s position.</p><p>Stocks took a hit, even if they finished off session lows, with the Nasdaq Composite  booking a fifth straight weekly gain and the S&amp;P 500  achieving back-to-back weekly wins. The Dow Jones Industrial Average  suffered a 0.2% weekly fall.</p><p>&#34;It kind of leaves you shaking your head right now, doesn&#39;t it?&#34; asked Jim Baird, chief investment officer at Plante Moran Financial Advisors, in a phone interview.</p><p>At some point in the coming months there will need to be &#34;a reconciliation between what the markets think the Fed will do and what Powell says the Fed will do,&#34; Baird said.</p><p>The rally could continue for now, Baird said, but he argued it would be wise in the long run to take the Fed at face value. &#34;I think the overall tone of risk taking in the market right now is a little bit too optimistic.&#34;</p><p>Money-market traders did react to Friday&#39;s data. Fed funds futures on Friday afternoon reflected a 99.6% probability that the Fed would raise the target rate by 25 basis points to a range of 4.75% to 5% at the conclusion of its next policy meeting, on March 22, up from an 82.7% probability on Thursday, according to the CME FedWatch tool.</p><p>For the Fed&#39;s May meeting, the market reflected a 61.3% chance of another quarter-point rise to 5% to 5.25%, the level the Fed has signaled is its expected high-water-mark rate. On Thursday, it saw just a 30% chance of a quarter-point rise in May. But markets still look for a cut by year-end.</p><p>Of course, one month&#39;s data do not represent the end of the argument. But unless January&#39;s labor-market strength turns out to be a blip, the hawks on the Fed are likely to dig in and keep rates higher for longer, said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, in a phone interview.</p><p>For markets, the lack of a resolution to the long-simmering disconnect with the Fed could lead to a period of consolidation after an admittedly impressive start to 2023, he said.</p><p>Indeed, the momentum behind the market&#39;s rally could be set to continue. It&#39;s been led by tech and other growth stocks that were hammered in last year&#39;s market rout. Market watchers detect a sense of &#34;FOMO,&#34; or fear of missing out, is driving what some have termed a tech-stock &#34;meltup.&#34;</p><p>&#34;The impressive equity rally to start the year has caught cautious institutional investors, hedge funds, and strategists off guard. While overbought conditions are obvious, the near-universal level of skepticism among institutions provides a contrarian degree of support for continued strength,&#34; said Mark Hackett, chief of investment research at Nationwide, in a Friday note.</p><p>And then there&#39;s earnings season, which has so far seen results from around half of the S&amp;P 500.</p><p>Companies through Friday had reported lower earnings for the fourth quarter relative to the end of the previous week and relative to the end of the quarter.</p><p>The blended earnings decline (a combination of actual results for companies that have reported and estimated results for companies that have yet to report) for the fourth quarter was 5.3% through Friday, compared with an earnings decline of 5.1% last week and an earnings decline of 3.3% at the end of the fourth quarter, according to FactSet. If earnings come out negative for the quarter, it would be the first year-over-year decline since the third quarter of 2020.</p><p>When it comes to earnings, &#34;there&#39;s definitely been a mood of forgiveness in the market,&#34; said BMO&#39;s Ma.</p><p>&#34;I think the market just didn&#39;t want to see a disastrous earnings season,&#34; he said, noting expectations remain for weak earnings in the current quarter and next, with bulls looking into the second half of this year and even into 2024 to get on a better footing.</p><p>For the market, the main driver will remain data on inflation and wage growth, Ma said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Stock-Market Rally Survived a Confusing Week. Here's What Comes Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Stock-Market Rally Survived a Confusing Week. Here's What Comes Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-02-05 08:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A key point of conflict requires resolution</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d84acd0fff9a6d03a294f0091d5a09d\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors can be excused for feeling a sense of confusion. GETTY IMAGES/ISTOCKPHOTO</span></p><p>Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023&#39;s young but robust stock-market rally very much alive.</p><p>But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said.</p><p>Stocks rose early in the week as traders continued to bet that the Federal Reserve won&#39;t follow through on its forecast to push the federal funds rate to a peak above 5% and hold it there, instead looking for cuts by year-end. Fed chief Jerome Powell pushed back against that expectation again on Wednesday, but a nuanced answer to a question about loosening financial conditions and an acknowledgment that the &#34;disinflationary process&#34; had begun convinced traders they remained right about the rate path.</p><p>On Friday, however, a blowout January jobs report, with the U.S. economy adding 517,000 jobs and the unemployment rate dropping to 3.4%, its lowest level since 1969, appeared to affirm Powell&#39;s position.</p><p>Stocks took a hit, even if they finished off session lows, with the Nasdaq Composite  booking a fifth straight weekly gain and the S&amp;P 500  achieving back-to-back weekly wins. The Dow Jones Industrial Average  suffered a 0.2% weekly fall.</p><p>&#34;It kind of leaves you shaking your head right now, doesn&#39;t it?&#34; asked Jim Baird, chief investment officer at Plante Moran Financial Advisors, in a phone interview.</p><p>At some point in the coming months there will need to be &#34;a reconciliation between what the markets think the Fed will do and what Powell says the Fed will do,&#34; Baird said.</p><p>The rally could continue for now, Baird said, but he argued it would be wise in the long run to take the Fed at face value. &#34;I think the overall tone of risk taking in the market right now is a little bit too optimistic.&#34;</p><p>Money-market traders did react to Friday&#39;s data. Fed funds futures on Friday afternoon reflected a 99.6% probability that the Fed would raise the target rate by 25 basis points to a range of 4.75% to 5% at the conclusion of its next policy meeting, on March 22, up from an 82.7% probability on Thursday, according to the CME FedWatch tool.</p><p>For the Fed&#39;s May meeting, the market reflected a 61.3% chance of another quarter-point rise to 5% to 5.25%, the level the Fed has signaled is its expected high-water-mark rate. On Thursday, it saw just a 30% chance of a quarter-point rise in May. But markets still look for a cut by year-end.</p><p>Of course, one month&#39;s data do not represent the end of the argument. But unless January&#39;s labor-market strength turns out to be a blip, the hawks on the Fed are likely to dig in and keep rates higher for longer, said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, in a phone interview.</p><p>For markets, the lack of a resolution to the long-simmering disconnect with the Fed could lead to a period of consolidation after an admittedly impressive start to 2023, he said.</p><p>Indeed, the momentum behind the market&#39;s rally could be set to continue. It&#39;s been led by tech and other growth stocks that were hammered in last year&#39;s market rout. Market watchers detect a sense of &#34;FOMO,&#34; or fear of missing out, is driving what some have termed a tech-stock &#34;meltup.&#34;</p><p>&#34;The impressive equity rally to start the year has caught cautious institutional investors, hedge funds, and strategists off guard. While overbought conditions are obvious, the near-universal level of skepticism among institutions provides a contrarian degree of support for continued strength,&#34; said Mark Hackett, chief of investment research at Nationwide, in a Friday note.</p><p>And then there&#39;s earnings season, which has so far seen results from around half of the S&amp;P 500.</p><p>Companies through Friday had reported lower earnings for the fourth quarter relative to the end of the previous week and relative to the end of the quarter.</p><p>The blended earnings decline (a combination of actual results for companies that have reported and estimated results for companies that have yet to report) for the fourth quarter was 5.3% through Friday, compared with an earnings decline of 5.1% last week and an earnings decline of 3.3% at the end of the fourth quarter, according to FactSet. If earnings come out negative for the quarter, it would be the first year-over-year decline since the third quarter of 2020.</p><p>When it comes to earnings, &#34;there&#39;s definitely been a mood of forgiveness in the market,&#34; said BMO&#39;s Ma.</p><p>&#34;I think the market just didn&#39;t want to see a disastrous earnings season,&#34; he said, noting expectations remain for weak earnings in the current quarter and next, with bulls looking into the second half of this year and even into 2024 to get on a better footing.</p><p>For the market, the main driver will remain data on inflation and wage growth, Ma said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308684441","content_text":"A key point of conflict requires resolutionInvestors can be excused for feeling a sense of confusion. GETTY IMAGES/ISTOCKPHOTODespite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023's young but robust stock-market rally very much alive.But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said.Stocks rose early in the week as traders continued to bet that the Federal Reserve won't follow through on its forecast to push the federal funds rate to a peak above 5% and hold it there, instead looking for cuts by year-end. Fed chief Jerome Powell pushed back against that expectation again on Wednesday, but a nuanced answer to a question about loosening financial conditions and an acknowledgment that the \"disinflationary process\" had begun convinced traders they remained right about the rate path.On Friday, however, a blowout January jobs report, with the U.S. economy adding 517,000 jobs and the unemployment rate dropping to 3.4%, its lowest level since 1969, appeared to affirm Powell's position.Stocks took a hit, even if they finished off session lows, with the Nasdaq Composite  booking a fifth straight weekly gain and the S&P 500  achieving back-to-back weekly wins. The Dow Jones Industrial Average  suffered a 0.2% weekly fall.\"It kind of leaves you shaking your head right now, doesn't it?\" asked Jim Baird, chief investment officer at Plante Moran Financial Advisors, in a phone interview.At some point in the coming months there will need to be \"a reconciliation between what the markets think the Fed will do and what Powell says the Fed will do,\" Baird said.The rally could continue for now, Baird said, but he argued it would be wise in the long run to take the Fed at face value. \"I think the overall tone of risk taking in the market right now is a little bit too optimistic.\"Money-market traders did react to Friday's data. Fed funds futures on Friday afternoon reflected a 99.6% probability that the Fed would raise the target rate by 25 basis points to a range of 4.75% to 5% at the conclusion of its next policy meeting, on March 22, up from an 82.7% probability on Thursday, according to the CME FedWatch tool.For the Fed's May meeting, the market reflected a 61.3% chance of another quarter-point rise to 5% to 5.25%, the level the Fed has signaled is its expected high-water-mark rate. On Thursday, it saw just a 30% chance of a quarter-point rise in May. But markets still look for a cut by year-end.Of course, one month's data do not represent the end of the argument. But unless January's labor-market strength turns out to be a blip, the hawks on the Fed are likely to dig in and keep rates higher for longer, said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, in a phone interview.For markets, the lack of a resolution to the long-simmering disconnect with the Fed could lead to a period of consolidation after an admittedly impressive start to 2023, he said.Indeed, the momentum behind the market's rally could be set to continue. It's been led by tech and other growth stocks that were hammered in last year's market rout. Market watchers detect a sense of \"FOMO,\" or fear of missing out, is driving what some have termed a tech-stock \"meltup.\"\"The impressive equity rally to start the year has caught cautious institutional investors, hedge funds, and strategists off guard. While overbought conditions are obvious, the near-universal level of skepticism among institutions provides a contrarian degree of support for continued strength,\" said Mark Hackett, chief of investment research at Nationwide, in a Friday note.And then there's earnings season, which has so far seen results from around half of the S&P 500.Companies through Friday had reported lower earnings for the fourth quarter relative to the end of the previous week and relative to the end of the quarter.The blended earnings decline (a combination of actual results for companies that have reported and estimated results for companies that have yet to report) for the fourth quarter was 5.3% through Friday, compared with an earnings decline of 5.1% last week and an earnings decline of 3.3% at the end of the fourth quarter, according to FactSet. If earnings come out negative for the quarter, it would be the first year-over-year decline since the third quarter of 2020.When it comes to earnings, \"there's definitely been a mood of forgiveness in the market,\" said BMO's Ma.\"I think the market just didn't want to see a disastrous earnings season,\" he said, noting expectations remain for weak earnings in the current quarter and next, with bulls looking into the second half of this year and even into 2024 to get on a better footing.For the market, the main driver will remain data on inflation and wage growth, Ma said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983216012,"gmtCreate":1666244189136,"gmtModify":1676537729164,"author":{"id":"4089242101506430","authorId":"4089242101506430","name":"KPTan","avatar":"https://static.tigerbbs.com/6d16c608c834afdaf5cdb810b6196a28","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089242101506430","authorIdStr":"4089242101506430"},"themes":[],"htmlText":"Tq&nbsp;for sharing&nbsp;","listText":"Tq&nbsp;for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9983216012","repostId":"2276806764","repostType":4,"repost":{"id":"2276806764","kind":"highlight","pubTimestamp":1666238347,"share":"https://ttm.financial/m/news/2276806764?lang=&edition=fundamental","pubTime":"2022-10-20 11:59","market":"us","language":"en","title":"Apple: I'm Siding With Wall Street This Time","url":"https://stock-news.laohu8.com/highlight/detail?id=2276806764","media":"seekingalpha","summary":"SummaryUsually, I do not like to follow advice from Wall Street. And I suggest you do not either.How","content":"<html><head></head><body><p>Summary</p><ul><li>Usually, I do not like to follow advice from Wall Street. And I suggest you do not either.</li><li>However, I am siding with Wall Street on Apple this time.</li><li>In my view, many bearish analyses misunderstood Tim Cook only as an operation manager and drastically underestimated his innovation and marketing prowess.</li><li>Under Cook’s leadership, Apple keeps churning out iconic products like  AirPods and is also successfully transitioning into a subscriber-based model.</li><li>In terms of profitability and valuation, I see a total annual return easily in the double digits, with about 5% coming from owners’ earnings yield and 5% from organic growth.</li></ul><h3>Thesis</h3><p>There is a clear divergence of opinion regarding Apple (NASDAQ:AAPL) between Main Street opinions and Wall Street opinions. As you can see from the following chart, a total of 35 Seeking Alpha Authors wrote about AAPL in the Last 30 Days. Only 1 is recommending Strong Buy. In contrast, out of a total of 44 Wall Street analysts, 26 were recommending a strong buy. On the selling end, a total of 6 SA authors are either recommending sell or strong sell. While in contrast, only 1 Wall Street analyst is recommending selling and no one recommends strong selling.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3ed291efc97dbecc78a492b19a8cf75\" tg-width=\"640\" tg-height=\"163\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><p>Usually, I do not like to follow investment advice from Wall Street. Wall Street opinions are almost synonymous with herd thinking in many investors&#39; minds, and for good reasons. However, in the case of AAPL under current conditions, I am going to do something that seems absurd. I am siding with Wall Street this time. Much of the financial, profitability, and valuation considerations have been detailed in our earlier articles.</p><p>And today, I will focus the article to address an issue that was frequently mentioned in many of the bear arguments. The issue involves Tim Cook and the arguments more or less go like the following: yes, Tim Cook is a fantastic professional manager, but not an innovator. As a result, Apple under his reign is becoming less innovative, less adventurous, and more mediocre.</p><p>And next, you will see why I disagree.</p><h3>Yes, Tim Cook is a fantastic professional manager</h3><p>There is no need to argue about this at all. During Cook&#39;s tenure, Apple&#39;s market cap grew almost sevenfold to a staggering $2.3 trillion as of this writing, transforming AAPL from a tech company into a tech giant.</p><p>More importantly and fundamentally, as an operation genius, Cook has reshaped the profitability drivers for AAPL and made it more sustainable. No matter how much you love and admire Steve Jobs (like I do), AAPL has been consistently on the verge of chaos under his regain. A simple DuPont analysis elucidates this fundamental shift as shown in the chart below. At the end of the Jobs era (2010 to 2012), AAPL&#39;s profitability, measured by ROCE (return on capital employed ), was an astronomical but unsustainable 443%. Since Cook took over, the ROCE has decreased by 88.4% in relative terms to 183% from 2019 to 2021. No one likes seeing a decrease in profitability, and the decrease here seemed so dramatic.</p><p>However, if you dissect the decrease, you would see that out of the 88.4% decrease, 74% of it came from the decreased leverage, which is actually a good thing. Cook also stabilized and improved the asset utilization, which contributed a positive 6.4% to the ROCE. Then profit margin decrease contributed a negative 20.9% to the ROCE change largely due to intensified competition in the smartphone market.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c8ab37ef43d6df7e215214aaf8e33eb\" tg-width=\"640\" tg-height=\"303\" referrerpolicy=\"no-referrer\"/><span>Source: author and Seeking Alpha data.</span></p><p>But he is not making Apple any less innovative</p><p>It is true that Steve Jobs, with Jony Ive behind him, delivered so many groundbreaking innovations and make Apple truly unique. It is not a tech company, but a luxury brand in my view. By the time Cook took over, innovation at the scale of creating an entirely new category like the iPhone or iPod has become much more difficult. As a matter of fact, managing AAPL&#39;s existing iconic products like the iPhone, Mac, and iPad already presents tremendous challenges. And I consider Cook&#39;s repositioning and streamlining of these existing products already a major innovation.</p><p>Furthermore, Cook has also been quietly bringing out innovative products that are massively popular and profitable at the same time. The Apple Watch and AirPods are two notable examples. He successfully adjusted the positioning of the Apple Watch after the release of the first generation. And this year, he further subdivided Ultra, a sports watch for the professional field.</p><p>The Airpods are an even more impressive demonstration of Cook&#39;s innovation capability and also his operation and marketing genius. From the appearance of AirPods to the release of the latest AirPods Pro 2, it has only been more than five years and there are only a few products in the AirPods series. But it has almost become a must-buy product for all iPhone users around the world. As a parent with a teenage kid, I have first-row seat to witness how the AirPods have become a life necessity for almost everyone in his school. Piper Sandler&#39;s data confirms the same trend: 72% of US teens own AirPods (and 87% own iPhones, 87% plan to buy one, and 30% own an Apple Watch).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71cc51fd4c3d9267f6a5c1be91428b97\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><span>Source: ped30.com</span></p><p>All told, IDC estimates that AirPods sales reached about 120 million pairs in 2021, accounting for half of Apple&#39;s wearable device sales and becoming the fastest-growing product line in this part of the business. With the little AirPods, Tim Cook quietly created a new category (again, not as ground-shaking as the iPhone or iPad) valued at nearly $40 billion (to put it under perspective, it is equivalent to Xiaomi&#39;s market cap).</p><p>And the genius of Cook is that, unlike the iPhone, the AirPods do not even update at high frequency and do need so many series. But it never fails to bring in beautiful sales data since its inception.</p><p><img src=\"https://static.tigerbbs.com/252d16c5dbf9854fc240f685bb193c5d\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\"/>Source: idc.com</p><h2>Risks and final thoughts</h2><p>Besides Apple Watch and AirPods, under Cook&#39;s leadership, AAPL has also been successfully transitioning into a subscriber-based business model and away from a hardware-based model. Cook has been building an inseparable ecosystem to connect all Apple devices and bring users a more convenient and seamless Apple experience. I see this grand plan itself as a major innovation of Tim Cook. And I also see that it has been succeeding and with almost limitless potential. Under this grand plan, buying a Mac, or an iPhone is only the beginning of the continuous purchases of other AAPL products.</p><p>Of course, there are definitely risks. Besides all the often-mentioned bearish arguments such as valuation, competition, currency headwinds, and global supply chain disruptions, I see two structural risks. The first one involves its large exposure to China, which is a key market that has been driving a good part of its growth so far. Key risks here include new lockdowns in China due to the COVID resurgence and the escalation of China-US trade tension. The second one involves a remote anti-trust risk with its expansion and dominance in several market segments.</p><p>To conclude, I am siding with Wall Street&#39;s opinion on AAPL this time. My overall impression of its finances, profitability and valuation are summarized below (and detailed in our earlier article here).</p><blockquote><i>Its current price of ~$140 corresponds to about 22x of its FW PE. To me, any valuation near 20x is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 22x PE would provide about 5% owners earnings yield, leading to a total return close to double digits. For a stock like AAPL, I am always happy to buy/add when the total annual return is close to 10% or above. A 10% return is healthy enough to start with. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10% annual return is almost 3x of what you can get from bonds in the long term.</i></blockquote><p>In this article, I want to focus on a bearish argument surrounding Tim Cook. My thesis is to argue that he is only a fantastic professional manager but also an innovator too. The Apple Watch and especially the AirPods are good examples. The design of AirPods inherits the Apple spirit beautifully in my view. The easy-to-use features quickly made the public accept this new product with a premier price tag of around $200. And both the Apple Watch and AirPods have become a trend, an icon, and a culture just like the iPod and iPhone.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: I'm Siding With Wall Street This Time</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: I'm Siding With Wall Street This Time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 11:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4547434-apple-i-am-siding-with-wall-street-this-time><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryUsually, I do not like to follow advice from Wall Street. And I suggest you do not either.However, I am siding with Wall Street on Apple this time.In my view, many bearish analyses ...</p>\n\n<a href=\"https://seekingalpha.com/article/4547434-apple-i-am-siding-with-wall-street-this-time\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4547434-apple-i-am-siding-with-wall-street-this-time","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2276806764","content_text":"SummaryUsually, I do not like to follow advice from Wall Street. And I suggest you do not either.However, I am siding with Wall Street on Apple this time.In my view, many bearish analyses misunderstood Tim Cook only as an operation manager and drastically underestimated his innovation and marketing prowess.Under Cook’s leadership, Apple keeps churning out iconic products like  AirPods and is also successfully transitioning into a subscriber-based model.In terms of profitability and valuation, I see a total annual return easily in the double digits, with about 5% coming from owners’ earnings yield and 5% from organic growth.ThesisThere is a clear divergence of opinion regarding Apple (NASDAQ:AAPL) between Main Street opinions and Wall Street opinions. As you can see from the following chart, a total of 35 Seeking Alpha Authors wrote about AAPL in the Last 30 Days. Only 1 is recommending Strong Buy. In contrast, out of a total of 44 Wall Street analysts, 26 were recommending a strong buy. On the selling end, a total of 6 SA authors are either recommending sell or strong sell. While in contrast, only 1 Wall Street analyst is recommending selling and no one recommends strong selling.Source: Seeking Alpha dataUsually, I do not like to follow investment advice from Wall Street. Wall Street opinions are almost synonymous with herd thinking in many investors' minds, and for good reasons. However, in the case of AAPL under current conditions, I am going to do something that seems absurd. I am siding with Wall Street this time. Much of the financial, profitability, and valuation considerations have been detailed in our earlier articles.And today, I will focus the article to address an issue that was frequently mentioned in many of the bear arguments. The issue involves Tim Cook and the arguments more or less go like the following: yes, Tim Cook is a fantastic professional manager, but not an innovator. As a result, Apple under his reign is becoming less innovative, less adventurous, and more mediocre.And next, you will see why I disagree.Yes, Tim Cook is a fantastic professional managerThere is no need to argue about this at all. During Cook's tenure, Apple's market cap grew almost sevenfold to a staggering $2.3 trillion as of this writing, transforming AAPL from a tech company into a tech giant.More importantly and fundamentally, as an operation genius, Cook has reshaped the profitability drivers for AAPL and made it more sustainable. No matter how much you love and admire Steve Jobs (like I do), AAPL has been consistently on the verge of chaos under his regain. A simple DuPont analysis elucidates this fundamental shift as shown in the chart below. At the end of the Jobs era (2010 to 2012), AAPL's profitability, measured by ROCE (return on capital employed ), was an astronomical but unsustainable 443%. Since Cook took over, the ROCE has decreased by 88.4% in relative terms to 183% from 2019 to 2021. No one likes seeing a decrease in profitability, and the decrease here seemed so dramatic.However, if you dissect the decrease, you would see that out of the 88.4% decrease, 74% of it came from the decreased leverage, which is actually a good thing. Cook also stabilized and improved the asset utilization, which contributed a positive 6.4% to the ROCE. Then profit margin decrease contributed a negative 20.9% to the ROCE change largely due to intensified competition in the smartphone market.Source: author and Seeking Alpha data.But he is not making Apple any less innovativeIt is true that Steve Jobs, with Jony Ive behind him, delivered so many groundbreaking innovations and make Apple truly unique. It is not a tech company, but a luxury brand in my view. By the time Cook took over, innovation at the scale of creating an entirely new category like the iPhone or iPod has become much more difficult. As a matter of fact, managing AAPL's existing iconic products like the iPhone, Mac, and iPad already presents tremendous challenges. And I consider Cook's repositioning and streamlining of these existing products already a major innovation.Furthermore, Cook has also been quietly bringing out innovative products that are massively popular and profitable at the same time. The Apple Watch and AirPods are two notable examples. He successfully adjusted the positioning of the Apple Watch after the release of the first generation. And this year, he further subdivided Ultra, a sports watch for the professional field.The Airpods are an even more impressive demonstration of Cook's innovation capability and also his operation and marketing genius. From the appearance of AirPods to the release of the latest AirPods Pro 2, it has only been more than five years and there are only a few products in the AirPods series. But it has almost become a must-buy product for all iPhone users around the world. As a parent with a teenage kid, I have first-row seat to witness how the AirPods have become a life necessity for almost everyone in his school. Piper Sandler's data confirms the same trend: 72% of US teens own AirPods (and 87% own iPhones, 87% plan to buy one, and 30% own an Apple Watch).Source: ped30.comAll told, IDC estimates that AirPods sales reached about 120 million pairs in 2021, accounting for half of Apple's wearable device sales and becoming the fastest-growing product line in this part of the business. With the little AirPods, Tim Cook quietly created a new category (again, not as ground-shaking as the iPhone or iPad) valued at nearly $40 billion (to put it under perspective, it is equivalent to Xiaomi's market cap).And the genius of Cook is that, unlike the iPhone, the AirPods do not even update at high frequency and do need so many series. But it never fails to bring in beautiful sales data since its inception.Source: idc.comRisks and final thoughtsBesides Apple Watch and AirPods, under Cook's leadership, AAPL has also been successfully transitioning into a subscriber-based business model and away from a hardware-based model. Cook has been building an inseparable ecosystem to connect all Apple devices and bring users a more convenient and seamless Apple experience. I see this grand plan itself as a major innovation of Tim Cook. And I also see that it has been succeeding and with almost limitless potential. Under this grand plan, buying a Mac, or an iPhone is only the beginning of the continuous purchases of other AAPL products.Of course, there are definitely risks. Besides all the often-mentioned bearish arguments such as valuation, competition, currency headwinds, and global supply chain disruptions, I see two structural risks. The first one involves its large exposure to China, which is a key market that has been driving a good part of its growth so far. Key risks here include new lockdowns in China due to the COVID resurgence and the escalation of China-US trade tension. The second one involves a remote anti-trust risk with its expansion and dominance in several market segments.To conclude, I am siding with Wall Street's opinion on AAPL this time. My overall impression of its finances, profitability and valuation are summarized below (and detailed in our earlier article here).Its current price of ~$140 corresponds to about 22x of its FW PE. To me, any valuation near 20x is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 22x PE would provide about 5% owners earnings yield, leading to a total return close to double digits. For a stock like AAPL, I am always happy to buy/add when the total annual return is close to 10% or above. A 10% return is healthy enough to start with. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10% annual return is almost 3x of what you can get from bonds in the long term.In this article, I want to focus on a bearish argument surrounding Tim Cook. My thesis is to argue that he is only a fantastic professional manager but also an innovator too. The Apple Watch and especially the AirPods are good examples. The design of AirPods inherits the Apple spirit beautifully in my view. The easy-to-use features quickly made the public accept this new product with a premier price tag of around $200. And both the Apple Watch and AirPods have become a trend, an icon, and a culture just like the iPod and iPhone.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}