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Vie84
01-14
Coming to an end soon[Smile] [Smile] [Smile]
Vie84
01-13
Good morning everyone[Happy] [Happy] [Happy]
Vie84
01-12
Huat ar[Miser] [Miser] [Miser] [Miser] [Miser] [Miser]
Vie84
01-11
Lucky goddess please[Miser] [Miser] [Miser] [Miser]
Vie84
01-10
Game time[Miser] [Miser] [Miser] [Miser]
Vie84
01-09
Good game[Miser] [Miser] [Miser] [Miser] [Miser]
Vie84
01-08
Good morning everyone[Smile] [Smile] [Smile]
Vie84
01-07
[Smile] [Smile] [Smile] [Smile] [Smile] [Smile] [Smile]
Vie84
01-06
[Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy]
Vie84
01-05
[Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy]
Vie84
01-04
Good game[Happy] [Happy] [Happy] [Happy]
Vie84
01-03
Oh yeah[Cool] [Cool] [Cool] [Cool]
Vie84
01-02
Money money come 💰[Miser] [Miser]
Vie84
01-01
Gogogogo[Miser] [Miser] [Miser] [Miser] [Miser] [Miser]
Vie84
2023-12-31
Happy new yea[Cool] [Cool]
Vie84
2023-12-30
[Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser]
Vie84
2023-12-29
[Miser] [Miser] [Miser] [Miser] [Miser] [Miser]
Vie84
2023-12-28
Good luck[Happy] [Happy] [Happy]
Vie84
2023-12-27
Good game[Miser] [Miser] [Miser] [Miser] [Miser]
Vie84
2023-12-26
Good game[Miser] [Miser] [Miser] [Miser] [Miser]
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[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256932655599872","isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":256485560189120,"gmtCreate":1703637689616,"gmtModify":1703637694003,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"Good game[Miser] [Miser] [Miser] [Miser] [Miser] ","listText":"Good game[Miser] [Miser] [Miser] [Miser] [Miser] ","text":"Good game[Miser] [Miser] [Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256485560189120","isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":256031968579856,"gmtCreate":1703541953994,"gmtModify":1703541958448,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"Good game[Miser] [Miser] [Miser] [Miser] [Miser] ","listText":"Good game[Miser] [Miser] [Miser] [Miser] [Miser] ","text":"Good game[Miser] [Miser] [Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256031968579856","isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9922236166,"gmtCreate":1671770448656,"gmtModify":1676538590890,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"Yay","listText":"Yay","text":"Yay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922236166","isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986141668,"gmtCreate":1666916673255,"gmtModify":1676537829696,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/KO\">$Coca-Cola(KO)$</a>up!","listText":"<a href=\"https://ttm.financial/S/KO\">$Coca-Cola(KO)$</a>up!","text":"$Coca-Cola(KO)$up!","images":[{"img":"https://community-static.tradeup.com/news/87cbdfb2b146a1c1caa18aba25bc4290","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986141668","isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9982030669,"gmtCreate":1667037429352,"gmtModify":1676537852968,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/KO\">$Coca-Cola(KO)$</a>Up!","listText":"<a href=\"https://ttm.financial/S/KO\">$Coca-Cola(KO)$</a>Up!","text":"$Coca-Cola(KO)$Up!","images":[{"img":"https://community-static.tradeup.com/news/550f9a6ec42d7dc404e048c77aa6a7d1","width":"1125","height":"2868"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9982030669","isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9048311116,"gmtCreate":1656137348235,"gmtModify":1676535775533,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9048311116","repostId":"9040420322","repostType":1,"repost":{"id":9040420322,"gmtCreate":1655693747566,"gmtModify":1676535687148,"author":{"id":"3558908080415665","authorId":"3558908080415665","name":"Alvin Chow","avatar":"https://static.tigerbbs.com/2abf7014742f3e282e9781e945db75b0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558908080415665","authorIdStr":"3558908080415665"},"themes":[],"title":"Time in the market vs Timing the market","htmlText":"The finance industry likes to remind clients that 'time in the market' is more important than 'timing the market'. This is one of the dangerous half truths that harms investors when taken out of context.The common statistical argument for time in the market is that if you miss the 'best days' in the markets, your returns will suck.This is true. Based on a research by University of Michigan, a buy and hold strategy will yield 10.84% per year (between 1963 to 2004). But if an investor tried to time the market and missed the best 90 trading days, the returns dropped to 3.2%!Hence the financial advice is to stay invested, or 'time in the market', so as not to miss the best days.But the advice usually omit the fact that if you miss the worst days, your returns are even better. In the same study","listText":"The finance industry likes to remind clients that 'time in the market' is more important than 'timing the market'. This is one of the dangerous half truths that harms investors when taken out of context.The common statistical argument for time in the market is that if you miss the 'best days' in the markets, your returns will suck.This is true. Based on a research by University of Michigan, a buy and hold strategy will yield 10.84% per year (between 1963 to 2004). But if an investor tried to time the market and missed the best 90 trading days, the returns dropped to 3.2%!Hence the financial advice is to stay invested, or 'time in the market', so as not to miss the best days.But the advice usually omit the fact that if you miss the worst days, your returns are even better. In the same study","text":"The finance industry likes to remind clients that 'time in the market' is more important than 'timing the market'. This is one of the dangerous half truths that harms investors when taken out of context.The common statistical argument for time in the market is that if you miss the 'best days' in the markets, your returns will suck.This is true. Based on a research by University of Michigan, a buy and hold strategy will yield 10.84% per year (between 1963 to 2004). But if an investor tried to time the market and missed the best 90 trading days, the returns dropped to 3.2%!Hence the financial advice is to stay invested, or 'time in the market', so as not to miss the best days.But the advice usually omit the fact that if you miss the worst days, your returns are even better. In the same study","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040420322","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080129235,"gmtCreate":1649858996853,"gmtModify":1676534591748,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"Up ⬆️ ","listText":"Up ⬆️ ","text":"Up ⬆️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080129235","repostId":"1196324636","repostType":4,"repost":{"id":"1196324636","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":1649858608,"share":"https://ttm.financial/m/news/1196324636?lang=&edition=fundamental","pubTime":"2022-04-13 22:03","market":"us","language":"en","title":"AMC Shares Jumped over 3% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1196324636","media":"Tiger Newspress","summary":"AMC Shares Jumped over 3% in Morning Trading After Moving Forward With Its Theater Acquisition Strategy","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AMC\">AMC</a> Shares Jumped over 3% in Morning Trading After Moving Forward With Its Theater Acquisition Strategy.<img src=\"https://static.tigerbbs.com/26e8dffe7b688d176a82c298057d5df0\" tg-width=\"924\" tg-height=\"674\" referrerpolicy=\"no-referrer\"/>The movie theater chain announced late Tuesday that it has agreed to buy and operate seven locations in Connecticut, upstate New York and Annapolis, Maryland. The company expects to begin operations at four of these locations on April 21, with the remaining scheduled to open in the coming weeks.</p><p>This is in addition to the seven theaters the company recently acquired in Los Angeles, San Diego, Washington D.C and Chicago.</p><p>AMC also said it is in active discussions to acquire additional locations.</p><p>"Today's announcement is exciting for AMC, our shareholders and many moviegoers in the northeastern United States. Our theatre acquisition strategy makes AMC a better and stronger company as we move forward on our glidepath to recovery," said <b>Adam Aron,</b> CEO of AMC.</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>AMC Shares Jumped over 3% in Morning Trading</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\">\nAMC Shares Jumped over 3% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-13 22:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/AMC\">AMC</a> Shares Jumped over 3% in Morning Trading After Moving Forward With Its Theater Acquisition Strategy.<img src=\"https://static.tigerbbs.com/26e8dffe7b688d176a82c298057d5df0\" tg-width=\"924\" tg-height=\"674\" referrerpolicy=\"no-referrer\"/>The movie theater chain announced late Tuesday that it has agreed to buy and operate seven locations in Connecticut, upstate New York and Annapolis, Maryland. The company expects to begin operations at four of these locations on April 21, with the remaining scheduled to open in the coming weeks.</p><p>This is in addition to the seven theaters the company recently acquired in Los Angeles, San Diego, Washington D.C and Chicago.</p><p>AMC also said it is in active discussions to acquire additional locations.</p><p>"Today's announcement is exciting for AMC, our shareholders and many moviegoers in the northeastern United States. Our theatre acquisition strategy makes AMC a better and stronger company as we move forward on our glidepath to recovery," said <b>Adam Aron,</b> CEO of AMC.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196324636","content_text":"AMC Shares Jumped over 3% in Morning Trading After Moving Forward With Its Theater Acquisition Strategy.The movie theater chain announced late Tuesday that it has agreed to buy and operate seven locations in Connecticut, upstate New York and Annapolis, Maryland. The company expects to begin operations at four of these locations on April 21, with the remaining scheduled to open in the coming weeks.This is in addition to the seven theaters the company recently acquired in Los Angeles, San Diego, Washington D.C and Chicago.AMC also said it is in active discussions to acquire additional locations.\"Today's announcement is exciting for AMC, our shareholders and many moviegoers in the northeastern United States. Our theatre acquisition strategy makes AMC a better and stronger company as we move forward on our glidepath to recovery,\" said Adam Aron, CEO of AMC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9015519302,"gmtCreate":1649508795189,"gmtModify":1676534523232,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"Follow?","listText":"Follow?","text":"Follow?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9015519302","repostId":"9015193080","repostType":1,"repost":{"id":9015193080,"gmtCreate":1649434424128,"gmtModify":1676534512149,"author":{"id":"4098573842489750","authorId":"4098573842489750","name":"ToughCoyote","avatar":"https://static.tigerbbs.com/58563f63b7e52669e57762bb4ebee968","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098573842489750","authorIdStr":"4098573842489750"},"themes":[],"title":"Buffet buying into HP my observations why?","htmlText":"The stock god Buffett has entered the market again to sweep the goods. He bought 1.21 shares of HP.US for $4.2 billion. Last night, HP was also relatively strong, up 14%. What advantages does HP have to make the stock gods fancy? 1. The valuation is low enough, the current price-earnings ratio of HP is only 7.05PE, and the total market value is 41 billion; 2. As far as the current situation is concerned, working from home has become the norm, and the future growth of the printer business should be unprecedented; 3. The situation abroad is not clear, but domestic online classes are already very common, and class materials are frequently printed, which is clear to children who have online classes at home; 4. 63.7 billion in 2021, a year-on-year increase of 11.3%; net profit of 6.5 bil","listText":"The stock god Buffett has entered the market again to sweep the goods. He bought 1.21 shares of HP.US for $4.2 billion. Last night, HP was also relatively strong, up 14%. What advantages does HP have to make the stock gods fancy? 1. The valuation is low enough, the current price-earnings ratio of HP is only 7.05PE, and the total market value is 41 billion; 2. As far as the current situation is concerned, working from home has become the norm, and the future growth of the printer business should be unprecedented; 3. The situation abroad is not clear, but domestic online classes are already very common, and class materials are frequently printed, which is clear to children who have online classes at home; 4. 63.7 billion in 2021, a year-on-year increase of 11.3%; net profit of 6.5 bil","text":"The stock god Buffett has entered the market again to sweep the goods. He bought 1.21 shares of HP.US for $4.2 billion. Last night, HP was also relatively strong, up 14%. What advantages does HP have to make the stock gods fancy? 1. The valuation is low enough, the current price-earnings ratio of HP is only 7.05PE, and the total market value is 41 billion; 2. As far as the current situation is concerned, working from home has become the norm, and the future growth of the printer business should be unprecedented; 3. The situation abroad is not clear, but domestic online classes are already very common, and class materials are frequently printed, which is clear to children who have online classes at home; 4. 63.7 billion in 2021, a year-on-year increase of 11.3%; net profit of 6.5 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13:09","market":"sg","language":"en","title":"Singapore Factory Output Grows 13.8% in May As Semiconductor Production Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1130238011","media":"The Business Times","summary":"SINGAPORE’S factory output in May grew faster than the previous month on the back of a surge in semi","content":"<html><head></head><body><p>SINGAPORE’S factory output in May grew faster than the previous month on the back of a surge in semiconductor production, according to data from the Singapore Economic Development Board (EDB) on Friday (Jun 24).</p><p>Industrial production grew 13.8 percent year on year, up from a revised 6.4 percent in April.</p><p>Excluding the usually volatile biomedical manufacturing, May’s output rose 18 percent, compared with 8 percent in the previous month.</p><p>On a seasonally adjusted month-on-month basis, manufacturing output grew 10.9 percent, while the figure is 9.8 percent excluding biomedical manufacturing.</p><p>Electronics production jumped 33.6 percent year on year in May, compared with just 10.4 percent the previous month.</p><p>In particular, semiconductor output surged 45.7 percent year on year, improving from April’s 12.9 percent and helping to offset contractions in other segments. EDB said this comes from strong demand from 5G markets and data centres amid the global chip shortage.</p><p>Transport engineering growth eased in May to 12.9 percent year on year, from 16.6 percent in the previous month. The aerospace segment expanded 27.2 percent, up from 24.2 percent in April, as the easing of global air travel restrictions have led to a higher production of aircraft parts as well as more maintenance, repair and overhaul jobs from commercial airlines.</p><p>Other sectors that saw growth were:</p><ul><li>General manufacturing (9 percent)</li><li>Precision engineering (3.2 percent)</li></ul><p>Meanwhile, biomedical manufacturing shrank for the third straight month, with output in May declining 7.2 percent year on year, compared with a 1.1 percent contraction in the previous month.</p><p>EDB noted that the medical technology segment grew 2.7 percent with higher demand for medical devices from the US and euro zone, whereas the pharmaceuticals segment contracted 14.8 percent due to “a different mix of active pharmaceutical ingredients being produced”.</p><p>Chemicals output shrank 3.4 percent year on year, on par with April’s decline, dragged by a steep contraction in the petrochemicals segment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Factory Output Grows 13.8% in May As Semiconductor Production Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 13:09 GMT+8 <a href=https://www.businesstimes.com.sg/government-economy/singapore-factory-output-grows-138-in-may-as-semiconductor-production-surges><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE’S factory output in May grew faster than the previous month on the back of a surge in semiconductor production, according to data from the Singapore Economic Development Board (EDB) on ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/government-economy/singapore-factory-output-grows-138-in-may-as-semiconductor-production-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/government-economy/singapore-factory-output-grows-138-in-may-as-semiconductor-production-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130238011","content_text":"SINGAPORE’S factory output in May grew faster than the previous month on the back of a surge in semiconductor production, according to data from the Singapore Economic Development Board (EDB) on Friday (Jun 24).Industrial production grew 13.8 percent year on year, up from a revised 6.4 percent in April.Excluding the usually volatile biomedical manufacturing, May’s output rose 18 percent, compared with 8 percent in the previous month.On a seasonally adjusted month-on-month basis, manufacturing output grew 10.9 percent, while the figure is 9.8 percent excluding biomedical manufacturing.Electronics production jumped 33.6 percent year on year in May, compared with just 10.4 percent the previous month.In particular, semiconductor output surged 45.7 percent year on year, improving from April’s 12.9 percent and helping to offset contractions in other segments. EDB said this comes from strong demand from 5G markets and data centres amid the global chip shortage.Transport engineering growth eased in May to 12.9 percent year on year, from 16.6 percent in the previous month. The aerospace segment expanded 27.2 percent, up from 24.2 percent in April, as the easing of global air travel restrictions have led to a higher production of aircraft parts as well as more maintenance, repair and overhaul jobs from commercial airlines.Other sectors that saw growth were:General manufacturing (9 percent)Precision engineering (3.2 percent)Meanwhile, biomedical manufacturing shrank for the third straight month, with output in May declining 7.2 percent year on year, compared with a 1.1 percent contraction in the previous month.EDB noted that the medical technology segment grew 2.7 percent with higher demand for medical devices from the US and euro zone, whereas the pharmaceuticals segment contracted 14.8 percent due to “a different mix of active pharmaceutical ingredients being produced”.Chemicals output shrank 3.4 percent year on year, on par with April’s decline, dragged by a steep contraction in the petrochemicals segment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9049886573,"gmtCreate":1655774746692,"gmtModify":1676535702417,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049886573","repostId":"2244413582","repostType":4,"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040516774,"gmtCreate":1655685178998,"gmtModify":1676535684134,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"[Smile] ","listText":"[Smile] ","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040516774","repostId":"2244316994","repostType":4,"repost":{"id":"2244316994","pubTimestamp":1655684528,"share":"https://ttm.financial/m/news/2244316994?lang=&edition=fundamental","pubTime":"2022-06-20 08:22","market":"hk","language":"en","title":"Better EV Stock to Buy: Rivian vs. Nio","url":"https://stock-news.laohu8.com/highlight/detail?id=2244316994","media":"Motley Fool","summary":"Despite all the excitement around Rivian, Nio has the more established business.","content":"<html><head></head><body><p>Now that electric vehicle (EV) stocks have tumbled from excessive valuations, many people are looking closer at getting exposure to the sector. <b>Rivian Automotive</b> and China-based <b>Nio</b> are two popular names with investors.</p><p>That's understandable as they both have intriguing characteristics as potential investments. Rivian had a very successful initial public offering late last year and held $17 billion in cash as of March 31. Some of that also came from early investor <b>Amazon</b>, which also has placed an order with Rivian for 100,000 electric delivery vehicles. Nio, which operates in the two biggest global EV markets in China and Europe, already has a large customer base and popular products. So it's worthwhile to look at which would make the better investment right now.</p><h2>Valuation difference</h2><p>While Nio has a market cap of $32 billion compared to about $24 billion for Rivian, there's good reason for it to be worth more to investors. While neither is yet earning profits, <a href=\"https://laohu8.com/S/AONE.U\">one</a> way to value them right now is with a price-to-sales (P/S) ratio based on expected 2022 sales. And there's a big difference there.</p><p><img src=\"https://static.tigerbbs.com/66e82575b6fe0c986335bb0f2d7cd843\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>RIVN PS Ratio (Forward) data by YCharts</p><p>Rivian projects it will produce and sell 25,000 vehicles this year, with two-thirds going to consumers, and the balance being its electric delivery vehicles (EDVs) for Amazon. While its consumer trucks start around $70,000, the company hasn't disclosed the selling price for its EDV. But it isn't a stretch to think the commercial vans will be sold at a lower price, while consumers on average will spend more than just the base price for its pickup truck and SUV models. The above P/S estimate is based on the assumption that the overall revenue per vehicle sold will average out to over $70,000 this year.</p><p>Looking at Nio revenue is more straightforward since it has a track record with more than 200,000 EVs sold to date. It had revenue of about $1.5 billion in the first quarter and expects similar results for the second quarter. As supply chain and COVID-19-related headwinds are expected to lessen, and new models gain traction, the second half of the year should see better results.</p><h2>Knowns versus unknowns</h2><p>Those recent headwinds have impacted Nio's growth trajectory in recent months, with trailing-12-month sales leveling off.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F685202%2Fniottmdeliveries_SDvYYzv.png&w=700&op=resize\" tg-width=\"700\" tg-height=\"421\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Data source: Nio. Chart by author.</p><p>But even if revenue growth slows to a minimum this year, it remains at a solid level after several years of sharply increasing sales.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F685202%2Fniototalrevenue.png&w=700&op=resize\" tg-width=\"700\" tg-height=\"456\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Data source: Nio. Chart by author.</p><p>Nio has recently begun sales of the ET7, its first sedan model. The company delivered more than 1,700 ET7s in May, just a month after its initial shipments. It also will begin sales of the ET5 midsize sedan as well as a new SUV model later this year. Management has also expressed the desire to launch a sub-brand in the future that could attract more customers at a lower price point.</p><p>Rivian and Nio both involve risks. And both have plenty of future potential. But for those looking to take advantage of the recent revaluation in the EV sector, Nio comes with the more established business, and a lower relative price.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better EV Stock to Buy: Rivian vs. Nio</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\">\nBetter EV Stock to Buy: Rivian vs. Nio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-20 08:22 GMT+8 <a href=https://www.fool.com/investing/2022/06/19/better-ev-stock-to-buy-rivian-vs-nio/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Now that electric vehicle (EV) stocks have tumbled from excessive valuations, many people are looking closer at getting exposure to the sector. Rivian Automotive and China-based Nio are two popular ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/19/better-ev-stock-to-buy-rivian-vs-nio/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","NIO":"蔚来","09866":"蔚来-SW","RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2022/06/19/better-ev-stock-to-buy-rivian-vs-nio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244316994","content_text":"Now that electric vehicle (EV) stocks have tumbled from excessive valuations, many people are looking closer at getting exposure to the sector. Rivian Automotive and China-based Nio are two popular names with investors.That's understandable as they both have intriguing characteristics as potential investments. Rivian had a very successful initial public offering late last year and held $17 billion in cash as of March 31. Some of that also came from early investor Amazon, which also has placed an order with Rivian for 100,000 electric delivery vehicles. Nio, which operates in the two biggest global EV markets in China and Europe, already has a large customer base and popular products. So it's worthwhile to look at which would make the better investment right now.Valuation differenceWhile Nio has a market cap of $32 billion compared to about $24 billion for Rivian, there's good reason for it to be worth more to investors. While neither is yet earning profits, one way to value them right now is with a price-to-sales (P/S) ratio based on expected 2022 sales. And there's a big difference there.RIVN PS Ratio (Forward) data by YChartsRivian projects it will produce and sell 25,000 vehicles this year, with two-thirds going to consumers, and the balance being its electric delivery vehicles (EDVs) for Amazon. While its consumer trucks start around $70,000, the company hasn't disclosed the selling price for its EDV. But it isn't a stretch to think the commercial vans will be sold at a lower price, while consumers on average will spend more than just the base price for its pickup truck and SUV models. The above P/S estimate is based on the assumption that the overall revenue per vehicle sold will average out to over $70,000 this year.Looking at Nio revenue is more straightforward since it has a track record with more than 200,000 EVs sold to date. It had revenue of about $1.5 billion in the first quarter and expects similar results for the second quarter. As supply chain and COVID-19-related headwinds are expected to lessen, and new models gain traction, the second half of the year should see better results.Knowns versus unknownsThose recent headwinds have impacted Nio's growth trajectory in recent months, with trailing-12-month sales leveling off.Data source: Nio. Chart by author.But even if revenue growth slows to a minimum this year, it remains at a solid level after several years of sharply increasing sales.Data source: Nio. Chart by author.Nio has recently begun sales of the ET7, its first sedan model. The company delivered more than 1,700 ET7s in May, just a month after its initial shipments. It also will begin sales of the ET5 midsize sedan as well as a new SUV model later this year. Management has also expressed the desire to launch a sub-brand in the future that could attract more customers at a lower price point.Rivian and Nio both involve risks. And both have plenty of future potential. But for those looking to take advantage of the recent revaluation in the EV sector, Nio comes with the more established business, and a lower relative price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9082615703,"gmtCreate":1650557318111,"gmtModify":1676534752087,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"[Smile] [Miser] ","listText":"[Smile] [Miser] ","text":"[Smile] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082615703","repostId":"1179132419","repostType":4,"repost":{"id":"1179132419","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":1650554532,"share":"https://ttm.financial/m/news/1179132419?lang=&edition=fundamental","pubTime":"2022-04-21 23:22","market":"us","language":"en","title":"U.S. Stocks Remained High in Morning Trading; Dow Jones,Nasdaq and S&P 500 Jumped Over 0.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1179132419","media":"Tiger Newspress","summary":"U.S. stocks remained high in morning trading. Both Dow Jones and S&P 500 rose 0.53%, while Nasdaq ro","content":"<html><head></head><body><p>U.S. stocks remained high in morning trading. Both Dow Jones and S&P 500 rose 0.53%, while Nasdaq rose 0.52%.<img src=\"https://static.tigerbbs.com/e4c3db3cdc9922bdf2e62c0bf1700d7f\" tg-width=\"522\" tg-height=\"122\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Remained High in Morning Trading; Dow Jones,Nasdaq and S&P 500 Jumped Over 0.5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Remained High in Morning Trading; Dow Jones,Nasdaq and S&P 500 Jumped Over 0.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-21 23:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks remained high in morning trading. Both Dow Jones and S&P 500 rose 0.53%, while Nasdaq rose 0.52%.<img src=\"https://static.tigerbbs.com/e4c3db3cdc9922bdf2e62c0bf1700d7f\" tg-width=\"522\" tg-height=\"122\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179132419","content_text":"U.S. stocks remained high in morning trading. Both Dow Jones and S&P 500 rose 0.53%, while Nasdaq rose 0.52%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088636945,"gmtCreate":1650336304126,"gmtModify":1676534699752,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"Time to buy?","listText":"Time to buy?","text":"Time to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088636945","repostId":"2228310949","repostType":4,"repost":{"id":"2228310949","pubTimestamp":1650276168,"share":"https://ttm.financial/m/news/2228310949?lang=&edition=fundamental","pubTime":"2022-04-18 18:02","market":"us","language":"en","title":"Alphabet, Amazon, Tesla, and Shopify Stock Splits: Which High-Flying Stocks Are Next to Split?","url":"https://stock-news.laohu8.com/highlight/detail?id=2228310949","media":"Motley Fool","summary":"Four high-profile companies splitting their shares could be the impetus that encourages these stocks to follow suit.","content":"<html><head></head><body><p>There has been no shortage of news events to keep investors busy this year. The coronavirus pandemic, historically high inflation, and the invasion of Ukraine by Russia, are just some of the major market-moving events.</p><p>But among the many catalysts captivating Wall Street, stock split-mania has seemingly risen to the top of the list.</p><p>A stock split is a way for publicly traded companies to alter their share price and outstanding share count without affecting their market cap or underlying business. It's an aesthetic move that primarily benefits retail investors who may not have access to fractional-share purchases. When high-flying stocks split their shares, they're simply lowering their share price to make it more affordable (on a nominal basis) for retail investors.</p><h2>Four industry titans have announced stock splits</h2><p>Since the beginning of February, four supercharged and widely owned stocks announced their intentions to enact stock splits, with shareholder approval.</p><ul><li><b>Alphabet</b>, the parent company of leading internet search engine Google and streaming platform YouTube, kicked things off in early February by announcing plans to split its shares 20-for-1. If approved by shareholders, the split will take effect in mid-July.</li><li><b>Amazon</b> was up next. On March 9, the e-commerce giant followed in Alphabet's footsteps with a 20-for-1 stock split announcement of its own. Amazon's split will take effect in early June if its shareholders give it the go-ahead.</li><li><b>Tesla</b> charged forward next. In late March, the electric vehicle behemoth announced its intent to enact a stock split for the second time since August 2020. Although Tesla didn't unveil the magnitude of its proposed split (the August 2020 split was 5-for-1), it did note that shareholders would vote on its approval during the company's annual shareholder meeting later this year.</li><li><b>Shopify</b> became the newest highflier to jump on the stock split bandwagon. This cloud-based e-commerce solutions powerhouse intends to split its stock 10-for-1. If shareholders give Shopify the green light, its split would take effect in late June.</li></ul><p>Because stock splits are often enacted by companies that are firing on all cylinders, their announcement tends to evoke positive emotions from investors. It's also left Wall Street and investors wondering what high-flying stocks are next to announce a split after Alphabet, Amazon, Tesla, and Shopify.</p><h2>Costco Wholesale</h2><p>The first highflier that would be an incredibly logical stock split candidate is warehouse club <b>Costco Wholesale</b>. The last time shares of Costco split was over 22 years ago.</p><p>As of the closing bell on April 14, Costco's shares were setting investors back more than $590 a pop. While that's not a big deal for investors with access to fractional-share purchases, $590 is a prohibitively high figure for an investor who might want to put $100, $200, or $500 to work in a widely known retail company. Splitting its shares would almost certainly broaden interest and ownership in the company.</p><p>Another obvious reason for Costco to consider a split is because its stock is outperforming. Shares of the company have soared 584% over the trailing 10 years and are likely to head higher over time as its competitive advantages play out.</p><p>For instance, Costco's size and deep pockets allow the company to purchase goods in bulk. Buying in bulk often lowers the cost paid per unit, which translates into better prices for its members. Being able to undercut many traditional grocers on price, and counting on its members to add discretionary items to their shopping carts, has been a winning formula for quite some time for Costco.</p><p>Costco's membership model is working wonders, too. The annual fees Costco collects from its members further buffer its operating margins and provide added incentive for members to make Costco their primary place to shop.</p><h2>Broadcom</h2><p>A second high-flying stock that could be next to join Alphabet, Amazon, Tesla, and Shopify is semiconductor solutions provider <b>Broadcom</b>. Although Avago, which acquired Broadcom in 2016 and kept the Broadcom name, has never split its stock, Broadcom did enact three splits between 1999 and 2006.</p><p>Similar to Costco, shares of Broadcom are pricey for retail investors. Shares closed this past week at almost $574, and it's been roughly six months since investors have had the chance to purchase a single share for below $500. Over the trailing 10 years, Broadcom shares have rallied in excess of 1,400%! And yet, they could head even higher.</p><p>Broadcom is the definition of a company that's firing on all cylinders. It's expected to see demand remain high for its wireless chips, which are used in next-generation smartphones. The rollout of 5G wireless infrastructure by telecom companies will take time, meaning Broadcom can benefit from a multiyear smartphone replacement cycle.</p><p>Beyond smartphones, the company has ample opportunity to grow its presence in data centers. With businesses shifting their data into the cloud at an accelerated pace due to the pandemic, demand has been strong for Broadcom's access and connectivity chips used in data centers.</p><p>Considering that Broadcom is booking production well into 2023, there's a good chance of its share price heading even higher. That should put a stock split in play for this semiconductor solutions powerhouse.</p><h2><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a></h2><p>A third and final highflier that would be a common-sense stock split candidate right now is cybersecurity company <b>Palo Alto Networks</b>. Palo Alto became a publicly traded company almost 10 years ago and has never split its stock.</p><p>To keep the theme going, Palo Alto's current share price can make it difficult for some retail investors to buy its stock. The company ended last week at almost $627 a share, which makes it the highest-priced company (based on nominal share price) on this list. Since its initial public offering in the summer of 2012, Palo Alto's stock has gained more than 1,070%!</p><p>The beauty of cybersecurity stocks is that they've evolved into a basic-necessity service over the past two decades. No matter how well or poorly the U.S. economy and/or stock market are performing, hackers and robots don't take a day off from trying to steal consumer and enterprise data. This makes cybersecurity solutions a veritable necessity for businesses of all sizes. It also increases the likelihood that Palo Alto's stock will head higher over time.</p><p>What makes Palo Alto so intriguing is the company's ongoing shift to subscription-based solutions. While the company hasn't abandoned its traditional firewall products, it should become more competitive and offer more effective cybersecurity solutions by focusing on cloud-based subscription services. Annual recurring revenues from these next-gen solutions are expected to grow from $1.18 billion in fiscal 2021 to an estimated $3.25 billion by fiscal 2024 (Palo Alto's fiscal year ends July 31).</p><p>Palo Alto is also relying on bolt-on acquisitions to broaden its product and service portfolio and reach new customers. With its future looking bright, a stock split would make a lot of sense.</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>Alphabet, Amazon, Tesla, and Shopify Stock Splits: Which High-Flying Stocks Are Next to Split?</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\">\nAlphabet, Amazon, Tesla, and Shopify Stock Splits: Which High-Flying Stocks Are Next to Split?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-18 18:02 GMT+8 <a href=https://www.fool.com/investing/2022/04/18/alphabet-amazon-tesla-and-shopify-stock-splits/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There has been no shortage of news events to keep investors busy this year. The coronavirus pandemic, historically high inflation, and the invasion of Ukraine by Russia, are just some of the major ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/18/alphabet-amazon-tesla-and-shopify-stock-splits/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4528":"SaaS概念","TSLA":"特斯拉","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","AVGO":"博通","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4538":"云计算","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","SHOP":"Shopify Inc","BK4561":"索罗斯持仓","COST":"好市多","BK4581":"高盛持仓","PANW":"Palo Alto Networks","BK4511":"特斯拉概念","AMZN":"亚马逊","BK4548":"巴美列捷福持仓"},"source_url":"https://www.fool.com/investing/2022/04/18/alphabet-amazon-tesla-and-shopify-stock-splits/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228310949","content_text":"There has been no shortage of news events to keep investors busy this year. The coronavirus pandemic, historically high inflation, and the invasion of Ukraine by Russia, are just some of the major market-moving events.But among the many catalysts captivating Wall Street, stock split-mania has seemingly risen to the top of the list.A stock split is a way for publicly traded companies to alter their share price and outstanding share count without affecting their market cap or underlying business. It's an aesthetic move that primarily benefits retail investors who may not have access to fractional-share purchases. When high-flying stocks split their shares, they're simply lowering their share price to make it more affordable (on a nominal basis) for retail investors.Four industry titans have announced stock splitsSince the beginning of February, four supercharged and widely owned stocks announced their intentions to enact stock splits, with shareholder approval.Alphabet, the parent company of leading internet search engine Google and streaming platform YouTube, kicked things off in early February by announcing plans to split its shares 20-for-1. If approved by shareholders, the split will take effect in mid-July.Amazon was up next. On March 9, the e-commerce giant followed in Alphabet's footsteps with a 20-for-1 stock split announcement of its own. Amazon's split will take effect in early June if its shareholders give it the go-ahead.Tesla charged forward next. In late March, the electric vehicle behemoth announced its intent to enact a stock split for the second time since August 2020. Although Tesla didn't unveil the magnitude of its proposed split (the August 2020 split was 5-for-1), it did note that shareholders would vote on its approval during the company's annual shareholder meeting later this year.Shopify became the newest highflier to jump on the stock split bandwagon. This cloud-based e-commerce solutions powerhouse intends to split its stock 10-for-1. If shareholders give Shopify the green light, its split would take effect in late June.Because stock splits are often enacted by companies that are firing on all cylinders, their announcement tends to evoke positive emotions from investors. It's also left Wall Street and investors wondering what high-flying stocks are next to announce a split after Alphabet, Amazon, Tesla, and Shopify.Costco WholesaleThe first highflier that would be an incredibly logical stock split candidate is warehouse club Costco Wholesale. The last time shares of Costco split was over 22 years ago.As of the closing bell on April 14, Costco's shares were setting investors back more than $590 a pop. While that's not a big deal for investors with access to fractional-share purchases, $590 is a prohibitively high figure for an investor who might want to put $100, $200, or $500 to work in a widely known retail company. Splitting its shares would almost certainly broaden interest and ownership in the company.Another obvious reason for Costco to consider a split is because its stock is outperforming. Shares of the company have soared 584% over the trailing 10 years and are likely to head higher over time as its competitive advantages play out.For instance, Costco's size and deep pockets allow the company to purchase goods in bulk. Buying in bulk often lowers the cost paid per unit, which translates into better prices for its members. Being able to undercut many traditional grocers on price, and counting on its members to add discretionary items to their shopping carts, has been a winning formula for quite some time for Costco.Costco's membership model is working wonders, too. The annual fees Costco collects from its members further buffer its operating margins and provide added incentive for members to make Costco their primary place to shop.BroadcomA second high-flying stock that could be next to join Alphabet, Amazon, Tesla, and Shopify is semiconductor solutions provider Broadcom. Although Avago, which acquired Broadcom in 2016 and kept the Broadcom name, has never split its stock, Broadcom did enact three splits between 1999 and 2006.Similar to Costco, shares of Broadcom are pricey for retail investors. Shares closed this past week at almost $574, and it's been roughly six months since investors have had the chance to purchase a single share for below $500. Over the trailing 10 years, Broadcom shares have rallied in excess of 1,400%! And yet, they could head even higher.Broadcom is the definition of a company that's firing on all cylinders. It's expected to see demand remain high for its wireless chips, which are used in next-generation smartphones. The rollout of 5G wireless infrastructure by telecom companies will take time, meaning Broadcom can benefit from a multiyear smartphone replacement cycle.Beyond smartphones, the company has ample opportunity to grow its presence in data centers. With businesses shifting their data into the cloud at an accelerated pace due to the pandemic, demand has been strong for Broadcom's access and connectivity chips used in data centers.Considering that Broadcom is booking production well into 2023, there's a good chance of its share price heading even higher. That should put a stock split in play for this semiconductor solutions powerhouse.Palo Alto NetworksA third and final highflier that would be a common-sense stock split candidate right now is cybersecurity company Palo Alto Networks. Palo Alto became a publicly traded company almost 10 years ago and has never split its stock.To keep the theme going, Palo Alto's current share price can make it difficult for some retail investors to buy its stock. The company ended last week at almost $627 a share, which makes it the highest-priced company (based on nominal share price) on this list. Since its initial public offering in the summer of 2012, Palo Alto's stock has gained more than 1,070%!The beauty of cybersecurity stocks is that they've evolved into a basic-necessity service over the past two decades. No matter how well or poorly the U.S. economy and/or stock market are performing, hackers and robots don't take a day off from trying to steal consumer and enterprise data. This makes cybersecurity solutions a veritable necessity for businesses of all sizes. It also increases the likelihood that Palo Alto's stock will head higher over time.What makes Palo Alto so intriguing is the company's ongoing shift to subscription-based solutions. While the company hasn't abandoned its traditional firewall products, it should become more competitive and offer more effective cybersecurity solutions by focusing on cloud-based subscription services. Annual recurring revenues from these next-gen solutions are expected to grow from $1.18 billion in fiscal 2021 to an estimated $3.25 billion by fiscal 2024 (Palo Alto's fiscal year ends July 31).Palo Alto is also relying on bolt-on acquisitions to broaden its product and service portfolio and reach new customers. With its future looking bright, a stock split would make a lot of sense.","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081585663,"gmtCreate":1650253437480,"gmtModify":1676534679933,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"Like <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>","listText":"Like <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>","text":"Like $Apple(AAPL)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081585663","repostId":"2227600101","repostType":4,"repost":{"id":"2227600101","pubTimestamp":1650248539,"share":"https://ttm.financial/m/news/2227600101?lang=&edition=fundamental","pubTime":"2022-04-18 10:22","market":"us","language":"en","title":"Apple Vs. Microsoft: Why We Like Apple Better","url":"https://stock-news.laohu8.com/highlight/detail?id=2227600101","media":"seekingalpha","summary":"SummaryThe competition between Apple and Microsoft has shaped the evolution of personal computing.Th","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The competition between Apple and Microsoft has shaped the evolution of personal computing.</li><li>Their competition will continue in many core areas, but both are good candidates to play the world’s unstoppable shift toward a digital future.</li><li>This article provides an in-depth comparison so you can see why we like Apple better ourselves.</li><li>Our investing roadmap shows Apple provides a higher return potential with its better profitability, better R&D yields, lower valuation, and consumer-centric devices.</li><li>And having a coherent investing roadmap keeps us clear headed, especially during challenging times like this.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f5fd4c711942def6b79ac0bfdd04167\" tg-width=\"750\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/><span>Chip Somodevilla/Getty Images News</span></p><p><b>The investment thesis</b></p><p>The thesis of this article is really simple – under the current conditions, both Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) provide far superior returns for long-term investors than the overall market. The key argument is built on the following chart. This chart also is the roadmap that we use in our Marketplace service to pick our tactical holdings. Having a coherent investing roadmap keeps us clear-headed, especially during challenging times like this.</p><p>You will see from the following chart, AAPL is projected to provide about 13% annual return (“ROI”) in the long term and MSFT about 10%, while the overall market is only about 6.5%. The main reasons are threefold:</p><ul><li>Their far superior ROCE (return on capital employed) over the market average, which gives it the ability to grow without the need for too much capital and subsequently can return most of the earnings to shareholders (either as dividends or share buybacks).</li><li>Their fundamental business models provide a stable moat and enjoy strong secular support.</li><li>Yet both of them sell at a similar valuation compared to the overall market.</li></ul><p>Then we will detail the reasons why we only own AAPL even though both are good candidates to play the world’s unstoppable shift toward a digital future. As you will see, the primary reason is that we like a concentrated portfolio and usually limit our exposure to one sector to one holding. And we choose AAPL because of its better profitability and its consumer-centric business model. We feel consumer stickiness, once established, is longer lasting and harder to change.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f9fbd0e002bec5dc3e06183618e8562\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: author</span></p><p><b>How did we build our roadmap and how did it perform?</b></p><p>The key in building this road is to think like a business owner, not a stock trader. As detailed in our earlier article:</p><blockquote><ul><li><i>The long-term ROI for a business owner is simply determined by two things: A) the price paid to buy the business and B) the quality of the business. More specifically, part A is determined by the owner’s earning yield (“OEY”) when we purchased the business. And that is why PE is the first dimension in our roadmap. Part B is determined by the quality of the business and that is why ROCE, the most important metric for profitability, is the second dimension in our roadmap.</i></li><li><i>Now, the long-term growth rate is governed by ROCE and the Reinvestment Rate. These are the two most important growth engines, and they mutually enhance each other. High ROCE means every $1 reinvested can lead to a higher growth rate, which leads to more future profits and more flexible capital allocation to fuel further growth, and so on. So to summarize:</i></li><li><i>Longer-Term ROI = valuation + quality = OEY + Growth Rate = OEY + ROCE*Reinvestment Rate</i></li></ul></blockquote><p>The performance of our stocks picked using this road is recently updated in this article. Using the date I first published our portfolio on 5/31/2021 as the inception date, our picks have outperformed the S&P 500 by about 11%.</p><p>With this background, the remainder of this article will show how the above roadmap applies to AAPL and MSFT.</p><p><b>APPL vs MSFT: the competitive landscape</b></p><p>AAPL and MSFT compete head-on in many of their core areas, ranging from operation systems, digital ad, mobile devices, PCs and laptops, et al. Besides their own competitions, they also face competition from all sides. No big tech companies stay in their own corner these days. For example, MSFT’s Bing search is in direct competition with Google. GOOG’s Chrome OS and Android OS now have become popular desktop operating systems in the world, directly and meaningfully competing with MSFT Windows and also Apple IOS.</p><p>But overall, they dominate the intersection of technology and consumer access. As such, both are protected by a formidable moat and well positioned to benefit from our world’s continued shifts toward digitalization. And the good news is that the pie is getting bigger itself as our appetite grows exponentially for data, automation, and entertainment.</p><p>Although we like AAPL better ourselves, we really do not see a bad choice here. Investors just need to pick the one that suits their own risk profile and fits in their own circle of competence.</p><p>For us, we understand AAPL’s consumer-centric business model better than MSFT’s enterprise-centric model. AAPL has mastered the interplay of freemium pricing and premium pricing strategy with billions of consumers. It can set substantially higher prices for its products (ranging from iPhone, MacBook, iPad, et al) than Microsoft and Android devices. As you will see immediately below, it has created a profitability category of its own kind.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/520b7911627c79cc9d82b83c715f8170\" tg-width=\"640\" tg-height=\"390\" referrerpolicy=\"no-referrer\"/><span>Source: https://startuptalky.com/apple-vs-microsoft-marketing-strategy/</span></p><p><b>MSFT: more consistent and aggressive R&D</b></p><p>First, we do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we feel more comfortable betting on A) the recurring resources available to fund new R&D efforts sustainably, and B) the overall efficiency of the R&D <i>process</i>. So correspondingly, in the long run, I feel comfortable as long as a tech business can A) sustainably support new R&D expenditures, and B) has demonstrated a consistent R&D yield. I do not feel the need to particularly bet on any one of the new products to be a hit (or a complete failure).</p><p>So let’s first see how well and sustainably MSFT and AAPL can fund their new R&D efforts. The short answer is: Extremely well. The next chart shows the R&D expenses of MSFT and AAPL over the past decade. As seen, both have been consistently investing heavily in R&D. A few observations:</p><ul><li>MSFT has been spending very consistently on R&D, on average about 13% of its total revenue.</li><li>AAPL’s story is a bit more colorful. It did not spend that much on R&D earlier in the decade. Partly because AAPL products were so disruptive at that time and enjoyed a quasi-monopoly status. Partly because Steve Jobs himself did not believe in R&D spending. He commented that “Innovation has nothing to do with how many R&D dollars you have. It's not about money.”</li><li>Then Tim Cook transitioned it to a different model. He more than doubled the R&D expenses since he took over. The R&D expenses are on average about 6.1% of sales now, still lower than other tech giants in relative terms. But in absolute terms, it's a mind-boggling amount (exceeding $20 billion in 2021).</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7152ffd849f9eba247a9dc86052864b4\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/><span>Author</span></p><p>Then the next question is, how effective is the R&D process? The short answer is again: Extremely effective. We ourselves like to use a variation of Buffett’s $1 test on R&D expenses. We do not only listen to CEOs’ pitches on their brilliant new ideas that will shake the earth (again). We also examine the financials to see their words are corroborated by the numbers. And in MSFT and AAPL’s case, they are.</p><p>The purpose of any corporate R&D is obviously to generate profit. Therefore, it's intuitive to quantify the yield by taking the ratio between profit and R&D expenditures. This way we can quantify how many dollars of profit has been generated per dollar of R&D expenses (i.e., the $1 test), as shown in the next chart. In this chart, I used the operating cash flow as the measure of profit. Also, most R&D investments do not produce any results in the same year. They typically have a lifetime of a few years. Therefore, this analysis assumes a three-year average investment cycle for R&D. And as a result, we use the three-year moving average of operating cash flow to represent this three-year cycle.</p><p>A few key observations:</p><ul><li>The R&D yield for MSFT is again very consistent, boasting a long-term average of $2.8 of yield per $1 of R&D expenditure. The consistency again shows the stable moat.</li><li>AAPL, as usual, has a more colorful story. As you can see, its R&D yield has been more than $10 in 2013 under the tutelage of Steve Jobs. And it has declined to a range between $4.0 and $5.0 in recent years with an average of $4.3.</li><li>You might interpret the decline of AAPL’s R&D yield as bad news. However, keep in mind that A) the level of profitability AAPL enjoyed in the early part of the decade is simply unsustainable, B) the decline is only relative to its own glorious past.</li><li>Overall, both AAPL and MSFT enjoy R&D yields that are very competitive. To put things under perspective, for the overachieving FAAMG group, their average R&D yield is “only” about $2.5.</li></ul><p>Then as we will next, both MSFT and AAPL enjoy superb profitability to fuel their R&D efforts sustainably, which will lead to sustainable growth in turn.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7759bd87d22eab2200f1865c5436dc14\" tg-width=\"640\" tg-height=\"345\" referrerpolicy=\"no-referrer\"/><span>Author</span></p><p><b>Both enjoy superb profitability but AAPL in its own category</b></p><p>When we think of long-term growth (like in 10 years or more), the framework I use is the following. In the long term, the growth rate is “simply” the product of ROCE and reinvestment rate, i.e.,</p><p><b>Long-Term Growth Rate = ROCE * Reinvestment Rate</b></p><p>ROCE stands for the return on capital employed and is the most important metric for measuring profitability. Note that ROCE is different from the return on equity (and more fundamental and important in my view). ROCE considers the return of capital ACTUALLY employed and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimating the long-term growth rate.</p><p>The detailed background ROCE has been detailed in my early articles and I will just directly quote the results below. In this analysis, I consider the following items capital actually employed A) Working capital (including payables, receivables, inventory), B) Gross Property, Plant, and Equipment, and C) Research and development expenses are also capitalized.</p><p>Based on the above considerations, the ROCE of MSFT and AAPL over the past decade is shown below. As seen,</p><ul><li>MSFT again is able to maintain a remarkably high ROCE and consistent level of ROCE: On average about 67% in recent years.</li><li>AAPL’s ROCE again has “declined” from an unsustainable level of 200% to 300% in the early years of the decade to the current level of around 150% in recent years.</li><li>But the keyword here is again <i>relative</i>. Their current level of ROCE may be higher or lower relative to each other or their own past. But any ROCE above 60% is remarkable. To put things under perspective, the overachievers in the FAAMG pack have an average ROCE of around 50% in recent years.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/595c877bbeb53f45b4d80d0d41b7ba50\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/><span>Author</span></p><p>In terms of reinvestment rate, both companies enjoy enviable capital allocation flexibility. The capital allocation picture is really simple for both companies here: Both earn a load of cash organically from their operations but do not need to spend much.</p><p>Given their high ROCE, it obviously makes total sense to reinvest as much of their earnings back into the business to fuel further growth as possible. But the problem is that for businesses at this scale, there are just not that many opportunities to reinvest the earnings. As a result, both have been allocating a large part of the remaining earnings to buy back shares. According to the current financials available on Seeking Alpha, as of TTM 2022, MSFT has been spending about 33% of the OPC on average on share repurchases, and AAPL even higher, about 77%.</p><p>All told, my estimates are that MSFT has been maintaining a reinvestment rate between 7.5% to 10% in recent years, and AAPL about 5% to 7.5%. And we will see the implications of the investment rates next.</p><p><b>Back to the roadmap</b></p><p>For AAPL, at its current price levels, the OEY is about ~3.8%. The growth rate is about 7.5% assuming a 7.5% reinvestment and a ROCE of 100% to be a bit conservative, resulting in a double-digit ROI already! For MSFT, the OEY is about ~3.3%. The growth rate is about 6.7% assuming a 10% reinvestment and a ROCE of 67%, resulting in about 10% ROI.</p><p>This is a key insight that we've learned from Buffett – when you think like a business owner, you do not need a 10% growth rate to achieve a 10% return. We feel much more comfortable with a few percent of reliable and sustainable growth rate in stocks that we understand well.</p><p>The road map below shows the ROI based on an assumption of a 10% reinvestment rate, which is the average rate for the large and mature businesses in the S&P 500 index. Admittedly, both MSFT's and AAPL’s reinvestment rate (especially APPL) is not as high as 10% currently. So the total ROI would be a bit lower than what is shown in the roadmap below. However, note that both boast strong cash generation capability and fortress balance sheet, which provide the optionality to crank up reinvestment rates or to boost growth through acquisitions.</p><p>In contrast, the overall market is currently valued at about 26.5x PE, resulting in an OEY of about 3.8%. however, the overall market’s ROCE is on the order of 20% or so. And with a 10% reinvestment rate, the growth rate would be about 2%, leading to a long-term ROI of about 6% per year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f9fbd0e002bec5dc3e06183618e8562\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: author</span></p><p><b>Risks</b></p><p>First and foremost, I do not see any structural risk associated with AAPL or MSFT at this moment. Remotely, there might be an antitrust regulatory risk. But even if it comes to that, I'm not entirely certain if it will be bad for AAPL or MSFT investors for sure. If it really comes to that and the company has to be broken up, the market would be forced to value each of its business segments separately. And such a complete and transparent valuation may or may not result in a lower valuation.</p><p>There can be significant short-term volatility risks too. Regardless of AAPL and MSFT scale and business model, the valuation is at a high level and the overall market itself is also near a historical record valuation. There are several large macroeconomic and geopolitical uncertainties unfolding right now, including the pandemic, Ukraine conflicts, global logistic chain interruptions, and Fed’s interest rate decisions. Such a combination of high valuation and high volatility certainly could cause short terms risks – but are irrelevant for the long term.</p><p><b>Conclusion and final thought</b></p><p>When we invest like a business owner, not a stock trader, our long-term ROI is simply the sum of two things: A) the price paid to buy the business and B) the quality of the business. In both MSFT and AAPL’s case, they provide a far superior return for long-term investors than the overall market because of their far superior ROCE over the market average. Such high ROCE gives it the ability to grow without the need for too much capital and subsequently can return most of the earnings to shareholders (either as dividends or share buybacks).</p><p>The key takeaways are:</p><ul><li>Both dominate the intersection of technology and consumer access and both are protected by a formidable moat. They both provide favorable odds for double-digit returns in the long term.</li><li>As such, we really do not see a bad choice here. Investors just need to pick the one that suits their own risk profile and fits in their own circle of competence.</li><li>We like AAPL better ourselves mostly because we understand its consumer-centric business model better. We understand the roots of its superb profitability and consumer stickiness. After all and above all, having a coherent investing roadmap and staying within one’s circle of competence is the key to investing.</li></ul></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Vs. Microsoft: Why We Like Apple Better</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 Vs. Microsoft: Why We Like Apple Better\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-18 10:22 GMT+8 <a href=https://seekingalpha.com/article/4501666-apple-vs-microsoft-why-we-like-apple-better><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe competition between Apple and Microsoft has shaped the evolution of personal computing.Their competition will continue in many core areas, but both are good candidates to play the world’s ...</p>\n\n<a href=\"https://seekingalpha.com/article/4501666-apple-vs-microsoft-why-we-like-apple-better\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4528":"SaaS概念","MSFT":"微软","BK4516":"特朗普概念","BK4532":"文艺复兴科技持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4553":"喜马拉雅资本持仓","BK4566":"资本集团","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4507":"流媒体概念","AAPL":"苹果","BK4550":"红杉资本持仓","BK4501":"段永平概念","BK4573":"虚拟现实","BK4525":"远程办公概念","BK4512":"苹果概念","BK4581":"高盛持仓","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4535":"淡马锡持仓","BK4574":"无人驾驶","BK4538":"云计算","BK4503":"景林资产持仓","BK4579":"人工智能","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4577":"网络游戏","BK4097":"系统软件","BK4575":"芯片概念","BK4571":"数字音乐概念","BK4548":"巴美列捷福持仓","BK4576":"AR"},"source_url":"https://seekingalpha.com/article/4501666-apple-vs-microsoft-why-we-like-apple-better","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2227600101","content_text":"SummaryThe competition between Apple and Microsoft has shaped the evolution of personal computing.Their competition will continue in many core areas, but both are good candidates to play the world’s unstoppable shift toward a digital future.This article provides an in-depth comparison so you can see why we like Apple better ourselves.Our investing roadmap shows Apple provides a higher return potential with its better profitability, better R&D yields, lower valuation, and consumer-centric devices.And having a coherent investing roadmap keeps us clear headed, especially during challenging times like this.Chip Somodevilla/Getty Images NewsThe investment thesisThe thesis of this article is really simple – under the current conditions, both Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) provide far superior returns for long-term investors than the overall market. The key argument is built on the following chart. This chart also is the roadmap that we use in our Marketplace service to pick our tactical holdings. Having a coherent investing roadmap keeps us clear-headed, especially during challenging times like this.You will see from the following chart, AAPL is projected to provide about 13% annual return (“ROI”) in the long term and MSFT about 10%, while the overall market is only about 6.5%. The main reasons are threefold:Their far superior ROCE (return on capital employed) over the market average, which gives it the ability to grow without the need for too much capital and subsequently can return most of the earnings to shareholders (either as dividends or share buybacks).Their fundamental business models provide a stable moat and enjoy strong secular support.Yet both of them sell at a similar valuation compared to the overall market.Then we will detail the reasons why we only own AAPL even though both are good candidates to play the world’s unstoppable shift toward a digital future. As you will see, the primary reason is that we like a concentrated portfolio and usually limit our exposure to one sector to one holding. And we choose AAPL because of its better profitability and its consumer-centric business model. We feel consumer stickiness, once established, is longer lasting and harder to change.Source: authorHow did we build our roadmap and how did it perform?The key in building this road is to think like a business owner, not a stock trader. As detailed in our earlier article:The long-term ROI for a business owner is simply determined by two things: A) the price paid to buy the business and B) the quality of the business. More specifically, part A is determined by the owner’s earning yield (“OEY”) when we purchased the business. And that is why PE is the first dimension in our roadmap. Part B is determined by the quality of the business and that is why ROCE, the most important metric for profitability, is the second dimension in our roadmap.Now, the long-term growth rate is governed by ROCE and the Reinvestment Rate. These are the two most important growth engines, and they mutually enhance each other. High ROCE means every $1 reinvested can lead to a higher growth rate, which leads to more future profits and more flexible capital allocation to fuel further growth, and so on. So to summarize:Longer-Term ROI = valuation + quality = OEY + Growth Rate = OEY + ROCE*Reinvestment RateThe performance of our stocks picked using this road is recently updated in this article. Using the date I first published our portfolio on 5/31/2021 as the inception date, our picks have outperformed the S&P 500 by about 11%.With this background, the remainder of this article will show how the above roadmap applies to AAPL and MSFT.APPL vs MSFT: the competitive landscapeAAPL and MSFT compete head-on in many of their core areas, ranging from operation systems, digital ad, mobile devices, PCs and laptops, et al. Besides their own competitions, they also face competition from all sides. No big tech companies stay in their own corner these days. For example, MSFT’s Bing search is in direct competition with Google. GOOG’s Chrome OS and Android OS now have become popular desktop operating systems in the world, directly and meaningfully competing with MSFT Windows and also Apple IOS.But overall, they dominate the intersection of technology and consumer access. As such, both are protected by a formidable moat and well positioned to benefit from our world’s continued shifts toward digitalization. And the good news is that the pie is getting bigger itself as our appetite grows exponentially for data, automation, and entertainment.Although we like AAPL better ourselves, we really do not see a bad choice here. Investors just need to pick the one that suits their own risk profile and fits in their own circle of competence.For us, we understand AAPL’s consumer-centric business model better than MSFT’s enterprise-centric model. AAPL has mastered the interplay of freemium pricing and premium pricing strategy with billions of consumers. It can set substantially higher prices for its products (ranging from iPhone, MacBook, iPad, et al) than Microsoft and Android devices. As you will see immediately below, it has created a profitability category of its own kind.Source: https://startuptalky.com/apple-vs-microsoft-marketing-strategy/MSFT: more consistent and aggressive R&DFirst, we do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we feel more comfortable betting on A) the recurring resources available to fund new R&D efforts sustainably, and B) the overall efficiency of the R&D process. So correspondingly, in the long run, I feel comfortable as long as a tech business can A) sustainably support new R&D expenditures, and B) has demonstrated a consistent R&D yield. I do not feel the need to particularly bet on any one of the new products to be a hit (or a complete failure).So let’s first see how well and sustainably MSFT and AAPL can fund their new R&D efforts. The short answer is: Extremely well. The next chart shows the R&D expenses of MSFT and AAPL over the past decade. As seen, both have been consistently investing heavily in R&D. A few observations:MSFT has been spending very consistently on R&D, on average about 13% of its total revenue.AAPL’s story is a bit more colorful. It did not spend that much on R&D earlier in the decade. Partly because AAPL products were so disruptive at that time and enjoyed a quasi-monopoly status. Partly because Steve Jobs himself did not believe in R&D spending. He commented that “Innovation has nothing to do with how many R&D dollars you have. It's not about money.”Then Tim Cook transitioned it to a different model. He more than doubled the R&D expenses since he took over. The R&D expenses are on average about 6.1% of sales now, still lower than other tech giants in relative terms. But in absolute terms, it's a mind-boggling amount (exceeding $20 billion in 2021).AuthorThen the next question is, how effective is the R&D process? The short answer is again: Extremely effective. We ourselves like to use a variation of Buffett’s $1 test on R&D expenses. We do not only listen to CEOs’ pitches on their brilliant new ideas that will shake the earth (again). We also examine the financials to see their words are corroborated by the numbers. And in MSFT and AAPL’s case, they are.The purpose of any corporate R&D is obviously to generate profit. Therefore, it's intuitive to quantify the yield by taking the ratio between profit and R&D expenditures. This way we can quantify how many dollars of profit has been generated per dollar of R&D expenses (i.e., the $1 test), as shown in the next chart. In this chart, I used the operating cash flow as the measure of profit. Also, most R&D investments do not produce any results in the same year. They typically have a lifetime of a few years. Therefore, this analysis assumes a three-year average investment cycle for R&D. And as a result, we use the three-year moving average of operating cash flow to represent this three-year cycle.A few key observations:The R&D yield for MSFT is again very consistent, boasting a long-term average of $2.8 of yield per $1 of R&D expenditure. The consistency again shows the stable moat.AAPL, as usual, has a more colorful story. As you can see, its R&D yield has been more than $10 in 2013 under the tutelage of Steve Jobs. And it has declined to a range between $4.0 and $5.0 in recent years with an average of $4.3.You might interpret the decline of AAPL’s R&D yield as bad news. However, keep in mind that A) the level of profitability AAPL enjoyed in the early part of the decade is simply unsustainable, B) the decline is only relative to its own glorious past.Overall, both AAPL and MSFT enjoy R&D yields that are very competitive. To put things under perspective, for the overachieving FAAMG group, their average R&D yield is “only” about $2.5.Then as we will next, both MSFT and AAPL enjoy superb profitability to fuel their R&D efforts sustainably, which will lead to sustainable growth in turn.AuthorBoth enjoy superb profitability but AAPL in its own categoryWhen we think of long-term growth (like in 10 years or more), the framework I use is the following. In the long term, the growth rate is “simply” the product of ROCE and reinvestment rate, i.e.,Long-Term Growth Rate = ROCE * Reinvestment RateROCE stands for the return on capital employed and is the most important metric for measuring profitability. Note that ROCE is different from the return on equity (and more fundamental and important in my view). ROCE considers the return of capital ACTUALLY employed and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimating the long-term growth rate.The detailed background ROCE has been detailed in my early articles and I will just directly quote the results below. In this analysis, I consider the following items capital actually employed A) Working capital (including payables, receivables, inventory), B) Gross Property, Plant, and Equipment, and C) Research and development expenses are also capitalized.Based on the above considerations, the ROCE of MSFT and AAPL over the past decade is shown below. As seen,MSFT again is able to maintain a remarkably high ROCE and consistent level of ROCE: On average about 67% in recent years.AAPL’s ROCE again has “declined” from an unsustainable level of 200% to 300% in the early years of the decade to the current level of around 150% in recent years.But the keyword here is again relative. Their current level of ROCE may be higher or lower relative to each other or their own past. But any ROCE above 60% is remarkable. To put things under perspective, the overachievers in the FAAMG pack have an average ROCE of around 50% in recent years.AuthorIn terms of reinvestment rate, both companies enjoy enviable capital allocation flexibility. The capital allocation picture is really simple for both companies here: Both earn a load of cash organically from their operations but do not need to spend much.Given their high ROCE, it obviously makes total sense to reinvest as much of their earnings back into the business to fuel further growth as possible. But the problem is that for businesses at this scale, there are just not that many opportunities to reinvest the earnings. As a result, both have been allocating a large part of the remaining earnings to buy back shares. According to the current financials available on Seeking Alpha, as of TTM 2022, MSFT has been spending about 33% of the OPC on average on share repurchases, and AAPL even higher, about 77%.All told, my estimates are that MSFT has been maintaining a reinvestment rate between 7.5% to 10% in recent years, and AAPL about 5% to 7.5%. And we will see the implications of the investment rates next.Back to the roadmapFor AAPL, at its current price levels, the OEY is about ~3.8%. The growth rate is about 7.5% assuming a 7.5% reinvestment and a ROCE of 100% to be a bit conservative, resulting in a double-digit ROI already! For MSFT, the OEY is about ~3.3%. The growth rate is about 6.7% assuming a 10% reinvestment and a ROCE of 67%, resulting in about 10% ROI.This is a key insight that we've learned from Buffett – when you think like a business owner, you do not need a 10% growth rate to achieve a 10% return. We feel much more comfortable with a few percent of reliable and sustainable growth rate in stocks that we understand well.The road map below shows the ROI based on an assumption of a 10% reinvestment rate, which is the average rate for the large and mature businesses in the S&P 500 index. Admittedly, both MSFT's and AAPL’s reinvestment rate (especially APPL) is not as high as 10% currently. So the total ROI would be a bit lower than what is shown in the roadmap below. However, note that both boast strong cash generation capability and fortress balance sheet, which provide the optionality to crank up reinvestment rates or to boost growth through acquisitions.In contrast, the overall market is currently valued at about 26.5x PE, resulting in an OEY of about 3.8%. however, the overall market’s ROCE is on the order of 20% or so. And with a 10% reinvestment rate, the growth rate would be about 2%, leading to a long-term ROI of about 6% per year.Source: authorRisksFirst and foremost, I do not see any structural risk associated with AAPL or MSFT at this moment. Remotely, there might be an antitrust regulatory risk. But even if it comes to that, I'm not entirely certain if it will be bad for AAPL or MSFT investors for sure. If it really comes to that and the company has to be broken up, the market would be forced to value each of its business segments separately. And such a complete and transparent valuation may or may not result in a lower valuation.There can be significant short-term volatility risks too. Regardless of AAPL and MSFT scale and business model, the valuation is at a high level and the overall market itself is also near a historical record valuation. There are several large macroeconomic and geopolitical uncertainties unfolding right now, including the pandemic, Ukraine conflicts, global logistic chain interruptions, and Fed’s interest rate decisions. Such a combination of high valuation and high volatility certainly could cause short terms risks – but are irrelevant for the long term.Conclusion and final thoughtWhen we invest like a business owner, not a stock trader, our long-term ROI is simply the sum of two things: A) the price paid to buy the business and B) the quality of the business. In both MSFT and AAPL’s case, they provide a far superior return for long-term investors than the overall market because of their far superior ROCE over the market average. Such high ROCE gives it the ability to grow without the need for too much capital and subsequently can return most of the earnings to shareholders (either as dividends or share buybacks).The key takeaways are:Both dominate the intersection of technology and consumer access and both are protected by a formidable moat. They both provide favorable odds for double-digit returns in the long term.As such, we really do not see a bad choice here. Investors just need to pick the one that suits their own risk profile and fits in their own circle of competence.We like AAPL better ourselves mostly because we understand its consumer-centric business model better. We understand the roots of its superb profitability and consumer stickiness. After all and above all, having a coherent investing roadmap and staying within one’s circle of competence is the key to investing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9083783736,"gmtCreate":1650161091579,"gmtModify":1676534659489,"author":{"id":"4090996277106970","authorId":"4090996277106970","name":"Vie84","avatar":"https://static.tigerbbs.com/17f89eba58a1fbb3ea14fca2e44fb656","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090996277106970","authorIdStr":"4090996277106970"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083783736","repostId":"9014537520","repostType":1,"repost":{"id":9014537520,"gmtCreate":1649682380555,"gmtModify":1676534550019,"author":{"id":"3479274730589341","authorId":"3479274730589341","name":"DIMCO","avatar":"https://static.tigerbbs.com/d19479028ad9f5265647d85d6157c5be","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479274730589341","authorIdStr":"3479274730589341"},"themes":[],"title":"3 Safe Warren Buffett Dividend Stocks to Buy This Spring","htmlText":"<a href=\"https://laohu8.com/S/KO\">$Coca-Cola(KO)$</a> <a href=\"https://laohu8.com/S/CVX\">$Chevron(CVX)$</a> <a href=\"https://laohu8.com/S/UPS\">$United Parcel Service Inc(UPS)$</a> By Daniel Foelber The rally in oil prices could have legs, making Chevron a useful way to protect a portfolio from rising energy prices. FedEx’s commentary raises concern for short-term growth in the package delivery industry. Iconic beverage company Coca-Cola has been pouring passive income into investors' portfolios for decades. Grow your passive income stream from these three excellent companies. Warren Buffett'sBerkshire Hathaway is notorious for letting opportunity come to it instead of chasing overpriced assets. After years of sitting on a massive pile of cash, Berkshire has flipped the switch and","listText":"<a href=\"https://laohu8.com/S/KO\">$Coca-Cola(KO)$</a> <a href=\"https://laohu8.com/S/CVX\">$Chevron(CVX)$</a> <a href=\"https://laohu8.com/S/UPS\">$United Parcel Service Inc(UPS)$</a> By Daniel Foelber The rally in oil prices could have legs, making Chevron a useful way to protect a portfolio from rising energy prices. FedEx’s commentary raises concern for short-term growth in the package delivery industry. Iconic beverage company Coca-Cola has been pouring passive income into investors' portfolios for decades. Grow your passive income stream from these three excellent companies. Warren Buffett'sBerkshire Hathaway is notorious for letting opportunity come to it instead of chasing overpriced assets. After years of sitting on a massive pile of cash, Berkshire has flipped the switch and","text":"$Coca-Cola(KO)$ $Chevron(CVX)$ $United Parcel Service Inc(UPS)$ By Daniel Foelber The rally in oil prices could have legs, making Chevron a useful way to protect a portfolio from rising energy prices. FedEx’s commentary raises concern for short-term growth in the package delivery industry. Iconic beverage company Coca-Cola has been pouring passive income into investors' portfolios for decades. Grow your passive income stream from these three excellent companies. Warren Buffett'sBerkshire Hathaway is notorious for letting opportunity come to it instead of chasing overpriced assets. After years of sitting on a massive pile of cash, Berkshire has flipped the switch and","images":[{"img":"https://community-static.tradeup.com/news/2dd79a31176dfb64b8e818e7d3940f7d","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014537520","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}