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2022-12-03

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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1670017787,"share":"https://www.laohu8.com/m/news/2288994246?lang=&edition=full","pubTime":"2022-12-03 05:49","market":"us","language":"en","title":"US STOCKS-S&P 500 Ends Slightly Lower After Jobs Report","url":"https://stock-news.laohu8.com/highlight/detail?id=2288994246","media":"Reuters","summary":"Job growth beats expectationsUnemployment rate steady at 3.7%Ford falls on lower November vehicle sa","content":"<html><head></head><body><ul><li style=\"text-align:left;\">Job growth beats expectations</li><li style=\"text-align:left;\">Unemployment rate steady at 3.7%</li><li style=\"text-align:left;\">Ford falls on lower November vehicle sales</li><li style=\"text-align:left;\">Dow up 0.1%, S&amp;P 500 down 0.12%, Nasdaq down 0.18%</li></ul><p>NEW YORK, Dec 2 (Reuters) - The S&amp;P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation.</p><p>The Labor Department&#39;s jobs report showed nonfarm payrolls rose by 263,000, above expectations of 200,000 and wage growth accelerated even as recession concerns increase.</p><p>The U.S. unemployment rate remained unchanged, as expected, at 3.7%.</p><p>&#34;Wage growth has been in an uptrend since August,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investment in Menomonee Falls, Wisconsin.</p><p>&#34;We will have to see that trend reverse for the Fed to be comfortable with a pause. Until then, they’ll continue to taper towards a pause.&#34;</p><p>Investors have been looking for signs of weakness in the labor market, especially wages, as a precursor to faster cooling of inflation that will enable the Fed to slow and eventually stop its current rate hike cycle.</p><p>Stocks had rallied earlier in the week after Fed Chair Jerome Powell&#39;s comments on scaling back interest rates hikes as early as December.</p><p>The Dow Jones Industrial Average rose 34.87 points, or 0.1%, to 34,429.88, the S&amp;P 500 lost 4.87 points, or 0.12%, to 4,071.7 and the Nasdaq Composite dropped 20.95 points, or 0.18%, to 11,461.50.</p><p>Still, equities ended the session off their lowest levels of the day that saw each of the major indexes tumble at least 1%, with the Dow managing a slight gain.</p><p>&#34;If anything, I am actually encouraged by how the market is clawing its way back from the level we were at today. It is another indication the market is looking for at least a seasonal December rally,&#34; said Sam Stovall, chief investment strategist at CFRA in New York.</p><p>&#34;The market is beginning to look across the valley and say, &#39;OK, a year from now the Fed will likely be on hold and considering cutting rates.&#39;&#34;</p><p>The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year that saw the central bank attempt to stifle the fastest rate of inflation since the 1980s with record interest rates increases.</p><p>The major averages notched a second straight week of gains, with the S&amp;P 500 climbing 1.13%, the Dow gaining 0.24% and the Nasdaq rising 2.1%.</p><p>Growth and technology companies such as Apple Inc, down 0.34%, and Amazon, off 1.43%, were pressured by concerns over rising rates but pared declines as U.S. Treasury yields eased throughout the day off earlier highs. The S&amp;P 500 growth index declined 0.29% while technology shares were among the worst performing among the 11 major S&amp;P 500 sectors with a fall of 0.55%.</p><p>Ford Motor Co declined 1.56% on lower vehicle sales in November, while DoorDash Inc 3.38% shed after RBC downgraded the food delivery firm&#39;s stock.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 92 new lows. (Reporting by Chuck Mikolajczak; Editing by Cynthia Osterman)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500 Ends Slightly Lower After Jobs Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500 Ends Slightly Lower After Jobs Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-03 05:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li style=\"text-align:left;\">Job growth beats expectations</li><li style=\"text-align:left;\">Unemployment rate steady at 3.7%</li><li style=\"text-align:left;\">Ford falls on lower November vehicle sales</li><li style=\"text-align:left;\">Dow up 0.1%, S&amp;P 500 down 0.12%, Nasdaq down 0.18%</li></ul><p>NEW YORK, Dec 2 (Reuters) - The S&amp;P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation.</p><p>The Labor Department&#39;s jobs report showed nonfarm payrolls rose by 263,000, above expectations of 200,000 and wage growth accelerated even as recession concerns increase.</p><p>The U.S. unemployment rate remained unchanged, as expected, at 3.7%.</p><p>&#34;Wage growth has been in an uptrend since August,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investment in Menomonee Falls, Wisconsin.</p><p>&#34;We will have to see that trend reverse for the Fed to be comfortable with a pause. Until then, they’ll continue to taper towards a pause.&#34;</p><p>Investors have been looking for signs of weakness in the labor market, especially wages, as a precursor to faster cooling of inflation that will enable the Fed to slow and eventually stop its current rate hike cycle.</p><p>Stocks had rallied earlier in the week after Fed Chair Jerome Powell&#39;s comments on scaling back interest rates hikes as early as December.</p><p>The Dow Jones Industrial Average rose 34.87 points, or 0.1%, to 34,429.88, the S&amp;P 500 lost 4.87 points, or 0.12%, to 4,071.7 and the Nasdaq Composite dropped 20.95 points, or 0.18%, to 11,461.50.</p><p>Still, equities ended the session off their lowest levels of the day that saw each of the major indexes tumble at least 1%, with the Dow managing a slight gain.</p><p>&#34;If anything, I am actually encouraged by how the market is clawing its way back from the level we were at today. It is another indication the market is looking for at least a seasonal December rally,&#34; said Sam Stovall, chief investment strategist at CFRA in New York.</p><p>&#34;The market is beginning to look across the valley and say, &#39;OK, a year from now the Fed will likely be on hold and considering cutting rates.&#39;&#34;</p><p>The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year that saw the central bank attempt to stifle the fastest rate of inflation since the 1980s with record interest rates increases.</p><p>The major averages notched a second straight week of gains, with the S&amp;P 500 climbing 1.13%, the Dow gaining 0.24% and the Nasdaq rising 2.1%.</p><p>Growth and technology companies such as Apple Inc, down 0.34%, and Amazon, off 1.43%, were pressured by concerns over rising rates but pared declines as U.S. Treasury yields eased throughout the day off earlier highs. The S&amp;P 500 growth index declined 0.29% while technology shares were among the worst performing among the 11 major S&amp;P 500 sectors with a fall of 0.55%.</p><p>Ford Motor Co declined 1.56% on lower vehicle sales in November, while DoorDash Inc 3.38% shed after RBC downgraded the food delivery firm&#39;s stock.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 92 new lows. (Reporting by Chuck Mikolajczak; Editing by Cynthia Osterman)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","COMP":"Compass, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288994246","content_text":"Job growth beats expectationsUnemployment rate steady at 3.7%Ford falls on lower November vehicle salesDow up 0.1%, S&P 500 down 0.12%, Nasdaq down 0.18%NEW YORK, Dec 2 (Reuters) - The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation.The Labor Department's jobs report showed nonfarm payrolls rose by 263,000, above expectations of 200,000 and wage growth accelerated even as recession concerns increase.The U.S. unemployment rate remained unchanged, as expected, at 3.7%.\"Wage growth has been in an uptrend since August,\" said Brian Jacobsen, senior investment strategist at Allspring Global Investment in Menomonee Falls, Wisconsin.\"We will have to see that trend reverse for the Fed to be comfortable with a pause. Until then, they’ll continue to taper towards a pause.\"Investors have been looking for signs of weakness in the labor market, especially wages, as a precursor to faster cooling of inflation that will enable the Fed to slow and eventually stop its current rate hike cycle.Stocks had rallied earlier in the week after Fed Chair Jerome Powell's comments on scaling back interest rates hikes as early as December.The Dow Jones Industrial Average rose 34.87 points, or 0.1%, to 34,429.88, the S&P 500 lost 4.87 points, or 0.12%, to 4,071.7 and the Nasdaq Composite dropped 20.95 points, or 0.18%, to 11,461.50.Still, equities ended the session off their lowest levels of the day that saw each of the major indexes tumble at least 1%, with the Dow managing a slight gain.\"If anything, I am actually encouraged by how the market is clawing its way back from the level we were at today. It is another indication the market is looking for at least a seasonal December rally,\" said Sam Stovall, chief investment strategist at CFRA in New York.\"The market is beginning to look across the valley and say, 'OK, a year from now the Fed will likely be on hold and considering cutting rates.'\"The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year that saw the central bank attempt to stifle the fastest rate of inflation since the 1980s with record interest rates increases.The major averages notched a second straight week of gains, with the S&P 500 climbing 1.13%, the Dow gaining 0.24% and the Nasdaq rising 2.1%.Growth and technology companies such as Apple Inc, down 0.34%, and Amazon, off 1.43%, were pressured by concerns over rising rates but pared declines as U.S. Treasury yields eased throughout the day off earlier highs. The S&P 500 growth index declined 0.29% while technology shares were among the worst performing among the 11 major S&P 500 sectors with a fall of 0.55%.Ford Motor Co declined 1.56% on lower vehicle sales in November, while DoorDash Inc 3.38% shed after RBC downgraded the food delivery firm's stock.Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favored advancers.The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 92 new lows. (Reporting by Chuck Mikolajczak; Editing by Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984074124,"gmtCreate":1667515435769,"gmtModify":1676537928673,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9984074124","repostId":"1149171162","repostType":4,"repost":{"id":"1149171162","pubTimestamp":1667488574,"share":"https://www.laohu8.com/m/news/1149171162?lang=&edition=full","pubTime":"2022-11-03 23:16","market":"us","language":"en","title":"Apple's Resilience Is Unjustified - Here Is Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1149171162","media":"seekingalpha","summary":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, lar","content":"<html><head></head><body><p>Summary</p><ul><li>Apple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company&#39;s continued strong earnings reports.</li><li>I&#39;ll highlight the reasons for Apple&#39;s strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.</li><li>However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.</li><li>The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.</li><li>I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.</li></ul><h3>Introduction And Investment Thesis</h3><p>Last week, <a href=\"https://laohu8.com/S/AAPL\">Apple</a> surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street&#39;s positive reaction hardly seems surprising.</p><p>I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:</p><ul><li>Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple&#39;s gadgets enjoy the ranks of status symbols.</li></ul><ul><li>Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.</li></ul><ul><li>Where others have managed to develop either standout smartphone technology (e.g., Samsung&#39;s Galaxy series) or a smartphone operating system (Google&#39;s Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.</li></ul><ul><li>The company&#39;s balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.</li></ul><p>It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple&#39;s normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.</p><p>Apple Is Rightly Touted As A Major Cash Flow Machine</p><p>When it comes to the question of why Apple stock should command a premium valuation, many investors point to the company&#39;s strong cash flow. I do not disagree, and in fact, Apple&#39;s cash flow is one reason I would like to own shares in the company.</p><p>My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.</p><p>Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company&#39;s conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple&#39;s stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).</p><p><img src=\"https://static.tigerbbs.com/634624a2a799950e29c025c2e979a431\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.</p><p>Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.</p><p><img src=\"https://static.tigerbbs.com/018899362ea317f0a826fd5072e9f3c0\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.</p><h3>Reasons For Apple&#39;s Outstanding Free Cash Flow Growth - And Why It May Not Be Sustainable</h3><p>Apple&#39;s free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company&#39;s future cash flows, discounted to today at an appropriate rate.</p><h3>Strong Brand Stickiness, Pricing Power - But Discretionary Products After All</h3><p>As already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple&#39;s software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.</p><h3>Geographical Concentration Risks</h3><p>Investors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.</p><p>Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.</p><p>A deep recession in Europe is also likely to impact Apple&#39;s supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).</p><p>Of course, Apple&#39;s global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.</p><h3>Sustainability Of App Store Margins</h3><p>Software developers have noticed the seemingly unstoppable growth of Apple&#39;s installed base, which probably recently passed the2 billion mark. Apple&#39;s growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple&#39;s subscription-based sales. I view it as largely positive that Apple&#39;s (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.</p><p>Working Capital Management</p><p>Another aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).</p><p>Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.</p><p>Improved conditions for app developers, as hypothesized above, could also put pressure on Apple&#39;s working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple&#39;s hardware segment.</p><p><img src=\"https://static.tigerbbs.com/cd5c74594b446fea946163da22c51878\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.</p><h3>Possible Signs Of Underinvestment And The Course Toward Mean Reversion</h3><p>It is also worth noting Apple&#39;s capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.</p><p><img src=\"https://static.tigerbbs.com/02df2459453a284cd343b9f1bb690fe5\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple&#39;s key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.</p><p>At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.</p><h3>What Is Currently Priced Into AAPL Stock?</h3><p>Several aspects underlying Apple&#39;s excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple&#39;s recent cash flows, which provide a basis for valuing the stock.</p><p>First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple&#39;s nFCF per share versus split-adjusted price per share. Clearly, Apple&#39;s stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.</p><p><img src=\"https://static.tigerbbs.com/f7d675df943d6075843ba251551a1796\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)</p><p>Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple&#39;s average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.</p><p>Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.</p><p><img src=\"https://static.tigerbbs.com/717fa79d412f6b54795b36161c6ec657\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 6: Cash flows underlying Apple&#39;s discounted cash flow analysis; terminal value not shown (own work)</p><p>Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.</p><p>Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.</p><p>Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.</p><p>However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company&#39;s valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.</p><p><img src=\"https://static.tigerbbs.com/e3a0cff58027ed2abd92ab04313f85e4\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)</p><h3>Concluding Remarks</h3><p>There is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.</p><p>Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.</p><p>As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?</p><p>If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.</p><p>Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Resilience Is Unjustified - Here Is Why</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's Resilience Is Unjustified - Here Is Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-03 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's ...</p>\n\n<a href=\"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1149171162","content_text":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.Introduction And Investment ThesisLast week, Apple surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street's positive reaction hardly seems surprising.I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple's gadgets enjoy the ranks of status symbols.Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.Where others have managed to develop either standout smartphone technology (e.g., Samsung's Galaxy series) or a smartphone operating system (Google's Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.The company's balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple's normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.Apple Is Rightly Touted As A Major Cash Flow MachineWhen it comes to the question of why Apple stock should command a premium valuation, many investors point to the company's strong cash flow. I do not disagree, and in fact, Apple's cash flow is one reason I would like to own shares in the company.My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company's conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple's stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.Reasons For Apple's Outstanding Free Cash Flow Growth - And Why It May Not Be SustainableApple's free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company's future cash flows, discounted to today at an appropriate rate.Strong Brand Stickiness, Pricing Power - But Discretionary Products After AllAs already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple's software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.Geographical Concentration RisksInvestors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.A deep recession in Europe is also likely to impact Apple's supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).Of course, Apple's global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.Sustainability Of App Store MarginsSoftware developers have noticed the seemingly unstoppable growth of Apple's installed base, which probably recently passed the2 billion mark. Apple's growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple's subscription-based sales. I view it as largely positive that Apple's (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.Working Capital ManagementAnother aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.Improved conditions for app developers, as hypothesized above, could also put pressure on Apple's working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple's hardware segment.Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.Possible Signs Of Underinvestment And The Course Toward Mean ReversionIt is also worth noting Apple's capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple's key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.What Is Currently Priced Into AAPL Stock?Several aspects underlying Apple's excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple's recent cash flows, which provide a basis for valuing the stock.First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple's nFCF per share versus split-adjusted price per share. Clearly, Apple's stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple's average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.Figure 6: Cash flows underlying Apple's discounted cash flow analysis; terminal value not shown (own work)Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company's valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)Concluding RemarksThere is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985192592,"gmtCreate":1667341137416,"gmtModify":1676537899124,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9985192592","repostId":"1147838107","repostType":4,"repost":{"id":"1147838107","pubTimestamp":1667316414,"share":"https://www.laohu8.com/m/news/1147838107?lang=&edition=full","pubTime":"2022-11-01 23:26","market":"us","language":"en","title":"Fed Meeting to Focus on Interest Rates’ Coming Path","url":"https://stock-news.laohu8.com/highlight/detail?id=1147838107","media":"The Wall Street Journal","summary":"Another 0.75-point rise is likely this week, as the pace of future moves takes the spotlightWall Str","content":"<html><head></head><body><ul><li>Another 0.75-point rise is likely this week, as the pace of future moves takes the spotlight</li></ul><p>Wall Street analysts will be focused Wednesday on what Federal Reserve Chairman Jerome Powell says about whether the central bank might slow down interest-rate rises at its next policy meeting in December.</p><p>Fed officials have already indicated that they are likely to raise their benchmark federal-funds rate by 0.75 percentage point this week to a range between 3.75% and 4%. That would mark their fourth consecutive increase of that size as they seek to reduce inflation by slowing the economy. Some of the officials recently began signaling their desire to start reducing the size of increases after this week and to potentially stop lifting rates early next year so they can see the effects of their moves.</p><p>Those officials and several private-sector economists have warned of growing risks that the Fed will raise rates too much and cause an unnecessarily sharp slowdown. Until June, the Fed hadn’t raised interest rates by 0.75 point, or 75 basis points, since 1994.</p><p>“They have to think about calibration at this meeting. You’re trying to cool down an economy, not throw it into a deep freeze,” said Diane Swonk, chief economist at KPMG.</p><p>Fed officials widely supported the supersize rate increases this summer because they were playing catch-up. Inflation has been running close to 40-year highs, but interest rates were pinned near zero until March. Debate over how much more to raise rates could intensify as they reach levels more likely to restrain spending, hiring and investment. The fed-funds rate influences other borrowing costs throughout the economy, including rates on credit cards, mortgages and car loans.</p><p>“They do need to slow the pace. Let’s keep in mind, 50 basis points is fast; 75 basis points is really fast,” said Ellen Meade, an economist at Duke University who is a former senior adviser at the Fed.</p><p>December would be a natural time to slow the pace of rate increases because officials could use new projections at that meeting to show they expect to reach a higher peak or terminal interest rate than they had previously anticipated, she said. The debate over the speed of increases could obscure a more important one around how high rates ultimately rise. “Going faster now is about raising the terminal rate,” Ms. Meade said.</p><p>But some analysts say it will be difficult for the Fed to dial back the pace of rate increases in December because they expect inflation to continue to run hotter than other analysts forecast. Fed officials had expected inflation to decline this year, but that outlook has been in vain so far. They responded by targeting a higher destination for the fed-funds rate than they projected earlier in the year, resulting in the longer-than-anticipated string of 0.75-point rate rises.</p><p>Officials at their September meeting projected that they would need to raise the rate to at least 4.6% by early next year. “If you have broad agreement on that and inflation keeps coming in higher than expected, it makes sense to get to that peak rate sooner,” said Matthew Luzzetti, chief U.S. economist at Deutsche Bank.</p><p>Analysts at Deutsche Bank, UBS, Credit Suisse and Nomura Securities expect the Fed to follow this week’s 0.75-point rate rise with an increase of the same size in December.</p><p>Meanwhile, analysts at Bank of America, Goldman Sachs, Morgan Stanley, and Evercore ISI see the Fed dialing back the pace of rate rises in December with a 0.5-point increase.</p><p>Economic data released since the Fed’s September meeting have been mixed. While domestic demand has slowed and the housing market is entering a sharp downturn, the job market has remained strong and inflation pressures have stayed elevated. Recent earnings reports have shown strong consumer demand and pricing increases.</p><p>Officials will see two more months of economic reports before their mid-December meeting, including on hiring and inflation. “Even if Powell provides guidance at his press conference, it won’t involve a commitment. That’s because the decision does need to be data determined,” wrote former Fed governor Laurence Meyer, who runs economic-forecasting firm LH Meyer Inc., in a recent report.</p><p>Some economists say the Fed will have to raise the fed-funds rate higher than 4.6% next year because of the resilience of consumer spending and domestic demand to higher rates so far.</p><p>Strategists at FHN Financial expect the Fed to raise its policy rate to about 6% by next June. After this week’s increase, the Fed could accomplish that without another 0.75-point rate rise.</p><p>“The obvious dilemma for financial markets is many things can be true simultaneously, and a lot of them pull in different directions. The Fed could slow in December, but then still get to the 6% in our forecast,” said Jim Vogel of FHN Financial, in a note to clients Monday.</p><p>The Fed combats inflation by slowing the economy through tighter financial conditions—such as higher borrowing costs, lower stock prices and a stronger dollar—that curb demand. Changes to the anticipated trajectory of rates, and not just what the Fed does at any meeting, can influence broader financial conditions.</p><p>Many investors this year have been eager to interpret signs of a less aggressive rate-rise pace as a sign that a pause in rate increases isn’t far off, but a sustained market rally risks undoing the Fed’s work of slowing down the economy.</p><p>Any discussion by Mr. Powell about how officials see the potential for a higher rate path could temper any market exuberance about a slower pace of increases, economists said. “It is now about the destination, not the journey,” said Michael Gapen, chief U.S. economist at Bank of America, in a report Monday.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Meeting to Focus on Interest Rates’ Coming Path</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Meeting to Focus on Interest Rates’ Coming Path\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-01 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/fed-meeting-to-focus-on-interest-rates-coming-path-11667295181?mod=hp_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Another 0.75-point rise is likely this week, as the pace of future moves takes the spotlightWall Street analysts will be focused Wednesday on what Federal Reserve Chairman Jerome Powell says about ...</p>\n\n<a href=\"https://www.wsj.com/articles/fed-meeting-to-focus-on-interest-rates-coming-path-11667295181?mod=hp_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.wsj.com/articles/fed-meeting-to-focus-on-interest-rates-coming-path-11667295181?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147838107","content_text":"Another 0.75-point rise is likely this week, as the pace of future moves takes the spotlightWall Street analysts will be focused Wednesday on what Federal Reserve Chairman Jerome Powell says about whether the central bank might slow down interest-rate rises at its next policy meeting in December.Fed officials have already indicated that they are likely to raise their benchmark federal-funds rate by 0.75 percentage point this week to a range between 3.75% and 4%. That would mark their fourth consecutive increase of that size as they seek to reduce inflation by slowing the economy. Some of the officials recently began signaling their desire to start reducing the size of increases after this week and to potentially stop lifting rates early next year so they can see the effects of their moves.Those officials and several private-sector economists have warned of growing risks that the Fed will raise rates too much and cause an unnecessarily sharp slowdown. Until June, the Fed hadn’t raised interest rates by 0.75 point, or 75 basis points, since 1994.“They have to think about calibration at this meeting. You’re trying to cool down an economy, not throw it into a deep freeze,” said Diane Swonk, chief economist at KPMG.Fed officials widely supported the supersize rate increases this summer because they were playing catch-up. Inflation has been running close to 40-year highs, but interest rates were pinned near zero until March. Debate over how much more to raise rates could intensify as they reach levels more likely to restrain spending, hiring and investment. The fed-funds rate influences other borrowing costs throughout the economy, including rates on credit cards, mortgages and car loans.“They do need to slow the pace. Let’s keep in mind, 50 basis points is fast; 75 basis points is really fast,” said Ellen Meade, an economist at Duke University who is a former senior adviser at the Fed.December would be a natural time to slow the pace of rate increases because officials could use new projections at that meeting to show they expect to reach a higher peak or terminal interest rate than they had previously anticipated, she said. The debate over the speed of increases could obscure a more important one around how high rates ultimately rise. “Going faster now is about raising the terminal rate,” Ms. Meade said.But some analysts say it will be difficult for the Fed to dial back the pace of rate increases in December because they expect inflation to continue to run hotter than other analysts forecast. Fed officials had expected inflation to decline this year, but that outlook has been in vain so far. They responded by targeting a higher destination for the fed-funds rate than they projected earlier in the year, resulting in the longer-than-anticipated string of 0.75-point rate rises.Officials at their September meeting projected that they would need to raise the rate to at least 4.6% by early next year. “If you have broad agreement on that and inflation keeps coming in higher than expected, it makes sense to get to that peak rate sooner,” said Matthew Luzzetti, chief U.S. economist at Deutsche Bank.Analysts at Deutsche Bank, UBS, Credit Suisse and Nomura Securities expect the Fed to follow this week’s 0.75-point rate rise with an increase of the same size in December.Meanwhile, analysts at Bank of America, Goldman Sachs, Morgan Stanley, and Evercore ISI see the Fed dialing back the pace of rate rises in December with a 0.5-point increase.Economic data released since the Fed’s September meeting have been mixed. While domestic demand has slowed and the housing market is entering a sharp downturn, the job market has remained strong and inflation pressures have stayed elevated. Recent earnings reports have shown strong consumer demand and pricing increases.Officials will see two more months of economic reports before their mid-December meeting, including on hiring and inflation. “Even if Powell provides guidance at his press conference, it won’t involve a commitment. That’s because the decision does need to be data determined,” wrote former Fed governor Laurence Meyer, who runs economic-forecasting firm LH Meyer Inc., in a recent report.Some economists say the Fed will have to raise the fed-funds rate higher than 4.6% next year because of the resilience of consumer spending and domestic demand to higher rates so far.Strategists at FHN Financial expect the Fed to raise its policy rate to about 6% by next June. After this week’s increase, the Fed could accomplish that without another 0.75-point rate rise.“The obvious dilemma for financial markets is many things can be true simultaneously, and a lot of them pull in different directions. The Fed could slow in December, but then still get to the 6% in our forecast,” said Jim Vogel of FHN Financial, in a note to clients Monday.The Fed combats inflation by slowing the economy through tighter financial conditions—such as higher borrowing costs, lower stock prices and a stronger dollar—that curb demand. Changes to the anticipated trajectory of rates, and not just what the Fed does at any meeting, can influence broader financial conditions.Many investors this year have been eager to interpret signs of a less aggressive rate-rise pace as a sign that a pause in rate increases isn’t far off, but a sustained market rally risks undoing the Fed’s work of slowing down the economy.Any discussion by Mr. Powell about how officials see the potential for a higher rate path could temper any market exuberance about a slower pace of increases, economists said. “It is now about the destination, not the journey,” said Michael Gapen, chief U.S. economist at Bank of America, in a report Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982797877,"gmtCreate":1667256616200,"gmtModify":1676537884298,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982797877","repostId":"1169258680","repostType":4,"repost":{"id":"1169258680","pubTimestamp":1667230136,"share":"https://www.laohu8.com/m/news/1169258680?lang=&edition=full","pubTime":"2022-10-31 23:28","market":"us","language":"en","title":"Will The Fed Push The S&P 500 Over 4000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1169258680","media":"Forbes","summary":"In the past three weeks the stock market has rallied from recent lows, in the context of extreme bearish sentiment. Not unlike the rallies we saw at the beginning of the second quarter and during Augu","content":"<html><head></head><body><p>In the past three weeks the stock market has rallied from recent lows, in the context of extreme bearish sentiment. Not unlike the rallies we saw at the beginning of the second quarter and during August the expectation is that we now enjoy a bear market rally into the end of this year.</p><p>There are several factors to support this. First positioning is extremely bearish not just in the stock market where hedge funds are holding record short levels of futures but also in the options market where a great number of put option positions have been accumulated.</p><h2>Risk appetite</h2><p>Behind this a number of risk appetite indicators are still in very risk averse territory suggesting that on balance many investors are positioned for bad news. What is interesting here is that the stock market and the bond market have effectively stopped reacting to bad news.</p><p>The earnings season has been a case in point both <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and Meta or the old Facebook were severely marked down on earnings disappointments as were <a href=\"https://laohu8.com/S/GOOG\">Google</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> during last week&#39;s critical week for tech earnings but the broad market index rallied, in particular the Dow Jones index was very strong.</p><p>This suggests that the stock market is moving on from some of the concerns it had earlier this year, also with inflation still high there are signs that bond yields are coming in from the extreme high levels of the past couple of weeks - the 10 year bond is now close to the 4% level, a level that&#39;s still painful for stocks, but it has arguably hit a recent high.</p><h2>Earnings</h2><p>Importantly the dollar has softened and in many cases this year currency markets have prefigured stress across other asset classes so the case is building for a bear market rally into the end of the year. Seasonally also November December tend to be quite a strong periods for the stock market particularly in the case of bull markets - which however this is not.</p><p>There&#39;s a number of other factors to consider this week we have the Fed meeting there were expectations of a Fed pivot or even a pause that they&#39;ll do a 50 basis point rise in interest rates and then stop and watch as the data comes in and a lot of cyclical data has been softening suggesting that the economy is beginning to slow and the Fed can expect this to have a downward pressure on consumer and service prices.</p><p>In terms of market action the most likely factor is that volatility comes down for the time being and this will hurt a lot of people playing in the options market - a lot of people who&#39;ve hedged and in turn it may have a technical upward pressure on the stock market and it would be no surprise for me to see the S&amp;P index trade up to and maybe a little bit beyond the 4000 level.</p><p>What does worry me looking out over the next six months is that in the context of a lot of geopolitical stress and growing damage to economy - not just in Europe where Germany is suffering but many emerging markets from Turkey to some across Asia Latin America the housing market in the US is that in the beginning of next year we go into a form of a credit crisis where huge levels of accumulated debt on country balance sheets company balance sheets and consumer balance sheets are troubled by the catalyst of high inflation and high interest rates and this in its own way produces a deeper economic and financial crisis and then we get some real volatility.</p></body></html>","source":"fors","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>Will The Fed Push The S&P 500 Over 4000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill The Fed Push The S&P 500 Over 4000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-31 23:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/mikeosullivan/2022/10/30/will-the-fed-push-the-sp-500-over-4000/?sh=3e8a160c1de3><strong>Forbes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the past three weeks the stock market has rallied from recent lows, in the context of extreme bearish sentiment. Not unlike the rallies we saw at the beginning of the second quarter and during ...</p>\n\n<a href=\"https://www.forbes.com/sites/mikeosullivan/2022/10/30/will-the-fed-push-the-sp-500-over-4000/?sh=3e8a160c1de3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.forbes.com/sites/mikeosullivan/2022/10/30/will-the-fed-push-the-sp-500-over-4000/?sh=3e8a160c1de3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169258680","content_text":"In the past three weeks the stock market has rallied from recent lows, in the context of extreme bearish sentiment. Not unlike the rallies we saw at the beginning of the second quarter and during August the expectation is that we now enjoy a bear market rally into the end of this year.There are several factors to support this. First positioning is extremely bearish not just in the stock market where hedge funds are holding record short levels of futures but also in the options market where a great number of put option positions have been accumulated.Risk appetiteBehind this a number of risk appetite indicators are still in very risk averse territory suggesting that on balance many investors are positioned for bad news. What is interesting here is that the stock market and the bond market have effectively stopped reacting to bad news.The earnings season has been a case in point both Amazon and Meta or the old Facebook were severely marked down on earnings disappointments as were Google and Microsoft during last week's critical week for tech earnings but the broad market index rallied, in particular the Dow Jones index was very strong.This suggests that the stock market is moving on from some of the concerns it had earlier this year, also with inflation still high there are signs that bond yields are coming in from the extreme high levels of the past couple of weeks - the 10 year bond is now close to the 4% level, a level that's still painful for stocks, but it has arguably hit a recent high.EarningsImportantly the dollar has softened and in many cases this year currency markets have prefigured stress across other asset classes so the case is building for a bear market rally into the end of the year. Seasonally also November December tend to be quite a strong periods for the stock market particularly in the case of bull markets - which however this is not.There's a number of other factors to consider this week we have the Fed meeting there were expectations of a Fed pivot or even a pause that they'll do a 50 basis point rise in interest rates and then stop and watch as the data comes in and a lot of cyclical data has been softening suggesting that the economy is beginning to slow and the Fed can expect this to have a downward pressure on consumer and service prices.In terms of market action the most likely factor is that volatility comes down for the time being and this will hurt a lot of people playing in the options market - a lot of people who've hedged and in turn it may have a technical upward pressure on the stock market and it would be no surprise for me to see the S&P index trade up to and maybe a little bit beyond the 4000 level.What does worry me looking out over the next six months is that in the context of a lot of geopolitical stress and growing damage to economy - not just in Europe where Germany is suffering but many emerging markets from Turkey to some across Asia Latin America the housing market in the US is that in the beginning of next year we go into a form of a credit crisis where huge levels of accumulated debt on country balance sheets company balance sheets and consumer balance sheets are troubled by the catalyst of high inflation and high interest rates and this in its own way produces a deeper economic and financial crisis and then we get some real volatility.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982797385,"gmtCreate":1667256597248,"gmtModify":1676537884292,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9982797385","repostId":"1165961334","repostType":4,"repost":{"id":"1165961334","pubTimestamp":1667230185,"share":"https://www.laohu8.com/m/news/1165961334?lang=&edition=full","pubTime":"2022-10-31 23:29","market":"us","language":"en","title":"Apple: Cut And Sell To The Enthusiastic Buyers","url":"https://stock-news.laohu8.com/highlight/detail?id=1165961334","media":"Seeking Alpha","summary":"SummaryApple bulls have gotten excited over its post-earnings surge. However, we urge investors not ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple bulls have gotten excited over its post-earnings surge. However, we urge investors not to get caught up in what could be a short-term relief rally.</li><li>We parse several red flags in Apple&#39;s &#34;growth&#34; story that investors must consider carefully. These could be structural challenges that suggest AAPL&#39;s valuation is not sustainable.</li><li>We discuss why AAPL&#39;s price action is not constructive for a sustained rally. Therefore, investors should consider taking some exposure off at these levels.</li><li>Revising AAPL from Hold to Sell.</li></ul><h2>Thesis</h2><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a>&#39;s FQ4 earnings release saw many loyal Apple fans excited at the Cupertino company&#39;s resilience while its big tech peers faltered.</p><p>However, investors who parsed its earning commentary and segment metrics would have gleaned several red flags that shouldn&#39;t be missed. iPhone was strong as it launched its iPhone 14 series recently. Apple investors are keenly aware that its FQ4 is a seasonally strong quarter due to the timing of its iPhone launch. Hence, we wouldn&#39;t focus too much on how FQ4 performs per se. Instead, we will discuss why we see significant headwinds into the next two quarters that Apple bulls may not have considered carefully relative to Apple&#39;s unsustainable valuation.</p><p>We will pore through forward guidance/commentary on how Apple sees its forward outlook. The market doesn&#39;t focus on past data/releases but on what it anticipates Apple&#39;s forward performances could shape up.</p><p>Our analysis indicates that the post-earnings surge looks increasingly like a move to ensnare traders/Apple bulls into another trap before digesting those gains. Some investors get caught up in pre/post-earnings moves without carefully assessing the price action of their overall price structures. As a result, we maintain our conviction that AAPL&#39;s medium-term uptrend has been lost, which we will address in the article.</p><p>We discuss why AAPL&#39;s valuation at the current levels is unsustainable. Also, it appears to have been de-rated, which is another early warning sign that a steeper fall could be in the works for careless Apple bulls who don&#39;t accord sufficient caution on its valuations.</p><p>Accordingly, we revise our rating on AAPL from Hold to Sell and urge investors to use the rally to cut exposure.</p><h3>Where&#39;s The Follow Through For iPhone?</h3><p><img src=\"https://static.tigerbbs.com/2dd288e8645266ef125527813239263a\" tg-width=\"640\" tg-height=\"394\" referrerpolicy=\"no-referrer\"/>Apple revenue share by product category % (S&amp;P Cap IQ)</p><p>Apple investors should be keenly aware that any serious discussion can never avoid the performance of its three most critical revenue drivers, as seen above.</p><p>There&#39;s little doubt that Mac outperformed in 2022, as its revenue share surged to 12.8% in FQ4. Coupled with iPhone and Services, they accounted for 81.3% of Apple&#39;s FQ4 revenue, down from FQ3&#39;s 81.6%. However, it&#39;s higher than FQ4&#39;21&#39;s revenue share of 79.6% when Mac accounted for 11% of revenue. Hence, we will need to address whether Mac&#39;s outperformance in FQ4 can sustain its growth moving forward.</p><p><img src=\"https://static.tigerbbs.com/7b58e351dfebd1a6aa36497c23b8b011\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple iPhone revenue change % and Mac revenue change % (Company filings)</p><p>With iPhone accounting for 47.3% of FQ4&#39;s revenue base, Apple bulls would have been heartened to know that iPhone revenue grew 9.7%. But that&#39;s miles off last year&#39;s 47% growth. Management attributed the strength in iPhone revenue to the upgraders and switchers, implying that it has continued to gain market share. But, we wouldn&#39;t encourage investors to read too much into FQ4&#39;s numbers for Apple, given its seasonal distortions.</p><p>Notably, we urge investors to consider what FQ1 could look like as Apple enters its first full quarter of iPhone 14 series sales. Management&#39;s forward commentary (not guidance) suggests it sees &#34;year-over-year revenue performance will decelerate during the December quarter [FQ1&#39;23] as compared to the September quarter [FQ4&#39;22].&#34;</p><p>Okay, so here&#39;s what it looks like. Apple&#39;s FQ1&#39;22 iPhone revenue grew by 9.2% YoY. So, iPhone 13 had a pretty solid full quarter of performance, but it still came in below FQ1&#39;21&#39;s 17.2% growth, as seen above.</p><p>Note that Apple&#39;s FQ4&#39;22 overall revenue grew by 8.1% YoY. Hence, it suggests that iPhone&#39;s revenue growth would likely continue on a declining trend even as it gains share against its competitors. As a result, we believe it will continue to get harder for Apple to outperform.</p><p>Meanwhile, Mac&#39;s performance is unsustainable. Apple has outperformed its Windows peers by posting a remarkable 25.4% growth in Mac revenue in FQ4. However, management&#39;s commentary suggests that &#34;Mac revenue to decline substantially year-over-year during the December quarter [FQ1&#39;23].&#34;</p><p>As a reminder, Mac delivered $10.9B in revenue for FQ1&#39;22, up 25.6% YoY. Hence, that tailwind from Mac is presumably gone. Therefore, it suggests that Apple is not immune to the significant consumer electronics headwinds that have impacted the PC market. Apple&#39;s commentary suggests that it sees these headwinds to continue. Supply chain sources indicate that inventory digestion in the PC channel could continue till H2&#39;23. But that&#39;s inventory digestion. Recovery of demand is another matter.</p><p>In a recent commentary, Bloomberg&#39;s Mark Gurman highlighted that Apple could be ready for its MacBook launch with new M2 chips on TSMC&#39;s (TSM) 3nm process nodes in early 2023. Therefore, Apple could be looking to juice its Mac segment in time for FQ3&#39;s reporting. We will see how that goes, but we assess that investors shouldn&#39;t place too much emphasis on expecting Mac to lead again in the near term.</p><h3>What About Services?</h3><p>Before investors get overly excited about the recent price hike in Apple&#39;s subscriptions, Loup Ventures&#39; estimates indicate a 1% accretion to net income &#34;over the next year.&#34; Of course, Apple&#39;s ability to boost prices is often taken for granted but is an outcome of its competitive moat built up over time. However, we wouldn&#39;t get too excited over a 1% boost for now, as AAPL shares are priced at a marked premium.</p><p><img src=\"https://static.tigerbbs.com/401f119f3363941ae70a638803c86be9\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/>Apple services revenue change % (Company filings)</p><p>Services grew by 5% YoY in FQ4, continuing a downward trend that topped out in FQ3&#39;21, as seen above. Hence, is it going to bottom out eventually? Nothing falls in a straight line. But maybe not in the near term.</p><p>Management&#39;s commentary suggests that Services could continue to come under pressure due to significant macro challenges, including forex. However, we urge investors to consider forex tailwinds/headwinds as one package. For companies with substantial global exposure, it&#39;s just part and parcel of doing business. It&#39;s inherent in the business model. When did people complain about forex being a tailwind previously? We don&#39;t recall if there was any.</p><p>So, Apple&#39;s most important growth driver could be undergoing a structural slowdown even if its bottoms out subsequently. So what&#39;s next in line? If you buy Apple for &#34;optionality,&#34; you can consider the following, as highlighted by Loup Ventures&#39;s Gene Munster:</p><p>Apple has growth optionality within three potential addressable markets that I’ve talked about before. This includes health, AR, and auto. One of these three opportunities will likely come to fruition and set up the company for another decade of solid performance. - Loup Ventures</p><p>For now, we focus on what we can see. Why? AAPL is not cheap. It&#39;s too expensive to buy just for optionality.</p><h3>Is AAPL Stock A Buy, Sell, Or Hold?</h3><p><img src=\"https://static.tigerbbs.com/6b84c8068257bfa0618e5a5da91ad8de\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/>AAPL NTM EBITDA multiples valuation trend (koyfin)</p><p>AAPL last traded at an NTM EBITDA multiple of 18.7x, well above its 10Y mean of 11x. Also, note that AAPL has been unable to gain momentum above the two standard deviation zone over its 10Y mean.</p><p>Hence, the market has seemingly &#34;refused&#34; to follow AAPL bulls on their optimism that AAPL deserves to be rated at a significant premium against the market and its peers.</p><p><img src=\"https://static.tigerbbs.com/4f139c454009f7ac5479bf7f017902f6\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>AAPL Forward EBITDA multiples consensus estimates (S&amp;P Cap IQ)</p><p>Based on its forward EBITDA multiples through FY25, it&#39;s clear that Apple is not a growth story. Even the bullish Street analysts don&#39;t think Apple can generate massive profitability growth over the next three years to &#34;bring down&#34; its forward EBITDA multiples.</p><p>We believe the market knows that AAPL is not a growth story. And therefore, its valuation is unsustainable at the current levels.</p><p><img src=\"https://static.tigerbbs.com/e0434014220415fdae1acd42aaadf37a\" tg-width=\"640\" tg-height=\"340\" referrerpolicy=\"no-referrer\"/>AAPL price chart (weekly) (TradingView)</p><p>Therefore, we postulate that the easy money in AAPL has already been made. If you jump on the bandwagon now, we assess that the reward-to-risk profile is highly unattractive.</p><p>Note that AAPL has already lost its medium-term bullish bias. It&#39;s not unusual for AAPL to stage a relief rally from an oversold September bottom (yes, the rally already started three weeks ago, not last week). The critical question is where this rally could stall.</p><p>We urge investors to watch for its near-term resistance, annotated in the chart above. Hence, it doesn&#39;t hurt to take some exposure off if you are sitting on massive gains. Given the tech bear market, there are plenty of alternatives to choose from.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Cut And Sell To The Enthusiastic Buyers</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: Cut And Sell To The Enthusiastic Buyers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-31 23:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4551058-apple-q4-earnings-cut-sell-to-enthusiastic-buyers><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple bulls have gotten excited over its post-earnings surge. However, we urge investors not to get caught up in what could be a short-term relief rally.We parse several red flags in Apple's \"...</p>\n\n<a href=\"https://seekingalpha.com/article/4551058-apple-q4-earnings-cut-sell-to-enthusiastic-buyers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4551058-apple-q4-earnings-cut-sell-to-enthusiastic-buyers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165961334","content_text":"SummaryApple bulls have gotten excited over its post-earnings surge. However, we urge investors not to get caught up in what could be a short-term relief rally.We parse several red flags in Apple's \"growth\" story that investors must consider carefully. These could be structural challenges that suggest AAPL's valuation is not sustainable.We discuss why AAPL's price action is not constructive for a sustained rally. Therefore, investors should consider taking some exposure off at these levels.Revising AAPL from Hold to Sell.ThesisApple Inc.'s FQ4 earnings release saw many loyal Apple fans excited at the Cupertino company's resilience while its big tech peers faltered.However, investors who parsed its earning commentary and segment metrics would have gleaned several red flags that shouldn't be missed. iPhone was strong as it launched its iPhone 14 series recently. Apple investors are keenly aware that its FQ4 is a seasonally strong quarter due to the timing of its iPhone launch. Hence, we wouldn't focus too much on how FQ4 performs per se. Instead, we will discuss why we see significant headwinds into the next two quarters that Apple bulls may not have considered carefully relative to Apple's unsustainable valuation.We will pore through forward guidance/commentary on how Apple sees its forward outlook. The market doesn't focus on past data/releases but on what it anticipates Apple's forward performances could shape up.Our analysis indicates that the post-earnings surge looks increasingly like a move to ensnare traders/Apple bulls into another trap before digesting those gains. Some investors get caught up in pre/post-earnings moves without carefully assessing the price action of their overall price structures. As a result, we maintain our conviction that AAPL's medium-term uptrend has been lost, which we will address in the article.We discuss why AAPL's valuation at the current levels is unsustainable. Also, it appears to have been de-rated, which is another early warning sign that a steeper fall could be in the works for careless Apple bulls who don't accord sufficient caution on its valuations.Accordingly, we revise our rating on AAPL from Hold to Sell and urge investors to use the rally to cut exposure.Where's The Follow Through For iPhone?Apple revenue share by product category % (S&P Cap IQ)Apple investors should be keenly aware that any serious discussion can never avoid the performance of its three most critical revenue drivers, as seen above.There's little doubt that Mac outperformed in 2022, as its revenue share surged to 12.8% in FQ4. Coupled with iPhone and Services, they accounted for 81.3% of Apple's FQ4 revenue, down from FQ3's 81.6%. However, it's higher than FQ4'21's revenue share of 79.6% when Mac accounted for 11% of revenue. Hence, we will need to address whether Mac's outperformance in FQ4 can sustain its growth moving forward.Apple iPhone revenue change % and Mac revenue change % (Company filings)With iPhone accounting for 47.3% of FQ4's revenue base, Apple bulls would have been heartened to know that iPhone revenue grew 9.7%. But that's miles off last year's 47% growth. Management attributed the strength in iPhone revenue to the upgraders and switchers, implying that it has continued to gain market share. But, we wouldn't encourage investors to read too much into FQ4's numbers for Apple, given its seasonal distortions.Notably, we urge investors to consider what FQ1 could look like as Apple enters its first full quarter of iPhone 14 series sales. Management's forward commentary (not guidance) suggests it sees \"year-over-year revenue performance will decelerate during the December quarter [FQ1'23] as compared to the September quarter [FQ4'22].\"Okay, so here's what it looks like. Apple's FQ1'22 iPhone revenue grew by 9.2% YoY. So, iPhone 13 had a pretty solid full quarter of performance, but it still came in below FQ1'21's 17.2% growth, as seen above.Note that Apple's FQ4'22 overall revenue grew by 8.1% YoY. Hence, it suggests that iPhone's revenue growth would likely continue on a declining trend even as it gains share against its competitors. As a result, we believe it will continue to get harder for Apple to outperform.Meanwhile, Mac's performance is unsustainable. Apple has outperformed its Windows peers by posting a remarkable 25.4% growth in Mac revenue in FQ4. However, management's commentary suggests that \"Mac revenue to decline substantially year-over-year during the December quarter [FQ1'23].\"As a reminder, Mac delivered $10.9B in revenue for FQ1'22, up 25.6% YoY. Hence, that tailwind from Mac is presumably gone. Therefore, it suggests that Apple is not immune to the significant consumer electronics headwinds that have impacted the PC market. Apple's commentary suggests that it sees these headwinds to continue. Supply chain sources indicate that inventory digestion in the PC channel could continue till H2'23. But that's inventory digestion. Recovery of demand is another matter.In a recent commentary, Bloomberg's Mark Gurman highlighted that Apple could be ready for its MacBook launch with new M2 chips on TSMC's (TSM) 3nm process nodes in early 2023. Therefore, Apple could be looking to juice its Mac segment in time for FQ3's reporting. We will see how that goes, but we assess that investors shouldn't place too much emphasis on expecting Mac to lead again in the near term.What About Services?Before investors get overly excited about the recent price hike in Apple's subscriptions, Loup Ventures' estimates indicate a 1% accretion to net income \"over the next year.\" Of course, Apple's ability to boost prices is often taken for granted but is an outcome of its competitive moat built up over time. However, we wouldn't get too excited over a 1% boost for now, as AAPL shares are priced at a marked premium.Apple services revenue change % (Company filings)Services grew by 5% YoY in FQ4, continuing a downward trend that topped out in FQ3'21, as seen above. Hence, is it going to bottom out eventually? Nothing falls in a straight line. But maybe not in the near term.Management's commentary suggests that Services could continue to come under pressure due to significant macro challenges, including forex. However, we urge investors to consider forex tailwinds/headwinds as one package. For companies with substantial global exposure, it's just part and parcel of doing business. It's inherent in the business model. When did people complain about forex being a tailwind previously? We don't recall if there was any.So, Apple's most important growth driver could be undergoing a structural slowdown even if its bottoms out subsequently. So what's next in line? If you buy Apple for \"optionality,\" you can consider the following, as highlighted by Loup Ventures's Gene Munster:Apple has growth optionality within three potential addressable markets that I’ve talked about before. This includes health, AR, and auto. One of these three opportunities will likely come to fruition and set up the company for another decade of solid performance. - Loup VenturesFor now, we focus on what we can see. Why? AAPL is not cheap. It's too expensive to buy just for optionality.Is AAPL Stock A Buy, Sell, Or Hold?AAPL NTM EBITDA multiples valuation trend (koyfin)AAPL last traded at an NTM EBITDA multiple of 18.7x, well above its 10Y mean of 11x. Also, note that AAPL has been unable to gain momentum above the two standard deviation zone over its 10Y mean.Hence, the market has seemingly \"refused\" to follow AAPL bulls on their optimism that AAPL deserves to be rated at a significant premium against the market and its peers.AAPL Forward EBITDA multiples consensus estimates (S&P Cap IQ)Based on its forward EBITDA multiples through FY25, it's clear that Apple is not a growth story. Even the bullish Street analysts don't think Apple can generate massive profitability growth over the next three years to \"bring down\" its forward EBITDA multiples.We believe the market knows that AAPL is not a growth story. And therefore, its valuation is unsustainable at the current levels.AAPL price chart (weekly) (TradingView)Therefore, we postulate that the easy money in AAPL has already been made. If you jump on the bandwagon now, we assess that the reward-to-risk profile is highly unattractive.Note that AAPL has already lost its medium-term bullish bias. It's not unusual for AAPL to stage a relief rally from an oversold September bottom (yes, the rally already started three weeks ago, not last week). The critical question is where this rally could stall.We urge investors to watch for its near-term resistance, annotated in the chart above. Hence, it doesn't hurt to take some exposure off if you are sitting on massive gains. Given the tech bear market, there are plenty of alternatives to choose from.","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986116267,"gmtCreate":1666912924560,"gmtModify":1676537828208,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9986116267","repostId":"2278141980","repostType":4,"repost":{"id":"2278141980","pubTimestamp":1666912115,"share":"https://www.laohu8.com/m/news/2278141980?lang=&edition=full","pubTime":"2022-10-28 07:08","market":"us","language":"en","title":"US STOCKS-S&P 500, Nasdaq End Lower but the Dow Jumps As Earnings Bifurcate","url":"https://stock-news.laohu8.com/highlight/detail?id=2278141980","media":"Reuters","summary":"The S&P 500 and the Nasdaq posted losses on Thursday, as investors juggled solid economic data and a","content":"<html><head></head><body><p>The S&amp;P 500 and the Nasdaq posted losses on Thursday, as investors juggled solid economic data and a mixed spate of corporate earnings.</p><p>The price-weighted Dow advanced, held aloft by industrials, while weakness in market-moving tech and tech-adjacent megacaps depressed the S&amp;P 500 and Nasdaq in the wake of downbeat quarterly results and dour guidance.</p><p>&#34;It’s very much a bifurcated market, a tale of two cities,&#34; said Tim Ghriskey, senior portfolio strategist Ingalls &amp; Snyder in New York.</p><p>&#34;There&#39;s lot of pressure on tech and tech-plus names, higher growth names,&#34; Ghriskey added. &#34;On the flipside you’re seeing a lot of strength in other sectors, in particular consumer staples, energy, financials, industrials and utilities.&#34;</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> plunged after the Facebook parent followed the trend set by Microsoft Corp and Alphabet Inc by providing gloomy forward guidance.</p><p>But heavy equipment maker Caterpillar Inc reported better-than-expected quarterly profit, sending its shares jumping.</p><p>A third-quarter GDP reading showing the U.S. economy returned to growth in the July-Sept period, along with steady quarterly core inflation helped take the sting out of earnings.</p><p>Investors continue to scan the economic horizon for evidence that the barrage of aggressive interest rate hikes from the Federal Reserve, begun in March, are beginning to have the desired effect by cooling down the economy.</p><p>While a 75 basis point rate hike at the conclusion of its Nov. 1-2 policy meeting is all but assured, the likelihood of a smaller, 50 basis point hike in December was about 55%, according to CME&#39;s FedWatch tool.</p><p>&#34;The overriding theme is really the Fed. The Fed is going to control the direction of this market over the coming months,&#34; Ghriskey added.</p><p>According to preliminary data, the S&amp;P 500 lost 21.73 points, or 0.57%, to end at 3,808.87 points, while the Nasdaq Composite lost 180.84 points, or 1.65%, to 10,790.16. The Dow Jones Industrial Average rose 207.61 points, or 0.65%, to 32,046.72.</p><p>Third-quarter reporting season forges ahead at full speed, with 227 of the companies in the S&amp;P 500 having reported. Of those, 74% have beaten consensus estimates.</p><p>Analysts now see aggregate S&amp;P earnings growth of 2.5%, down from 4.5% at the beginning of October.</p><p>&#34;In general we’ve seen earnings come in at or slightly above expectations,&#34; Ghriskey said. &#34;But those expectations have been lowered throughout the quarter.&#34;</p><p>McDonalds Corp advanced after the fast food chain beat quarterly same-store sales estimates.</p><p>Southwest Airlines Co quarterly profit topped consensus estimates, sending the carrier&#39;s stock higher.</p><p>Amazon.com and Apple Inc are due to report shortly.</p><p><img src=\"https://static.tigerbbs.com/f8c6036b1e5d2598f8bf3ee4408530e3\" tg-width=\"1080\" tg-height=\"1920\" 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>US STOCKS-S&P 500, Nasdaq End Lower but the Dow Jumps As Earnings Bifurcate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500, Nasdaq End Lower but the Dow Jumps As Earnings Bifurcate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-28 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-p-500-nasdaq-200029525.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 and the Nasdaq posted losses on Thursday, as investors juggled solid economic data and a mixed spate of corporate earnings.The price-weighted Dow advanced, held aloft by industrials, while...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-p-500-nasdaq-200029525.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/us-stocks-p-500-nasdaq-200029525.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278141980","content_text":"The S&P 500 and the Nasdaq posted losses on Thursday, as investors juggled solid economic data and a mixed spate of corporate earnings.The price-weighted Dow advanced, held aloft by industrials, while weakness in market-moving tech and tech-adjacent megacaps depressed the S&P 500 and Nasdaq in the wake of downbeat quarterly results and dour guidance.\"It’s very much a bifurcated market, a tale of two cities,\" said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York.\"There's lot of pressure on tech and tech-plus names, higher growth names,\" Ghriskey added. \"On the flipside you’re seeing a lot of strength in other sectors, in particular consumer staples, energy, financials, industrials and utilities.\"Meta Platforms plunged after the Facebook parent followed the trend set by Microsoft Corp and Alphabet Inc by providing gloomy forward guidance.But heavy equipment maker Caterpillar Inc reported better-than-expected quarterly profit, sending its shares jumping.A third-quarter GDP reading showing the U.S. economy returned to growth in the July-Sept period, along with steady quarterly core inflation helped take the sting out of earnings.Investors continue to scan the economic horizon for evidence that the barrage of aggressive interest rate hikes from the Federal Reserve, begun in March, are beginning to have the desired effect by cooling down the economy.While a 75 basis point rate hike at the conclusion of its Nov. 1-2 policy meeting is all but assured, the likelihood of a smaller, 50 basis point hike in December was about 55%, according to CME's FedWatch tool.\"The overriding theme is really the Fed. The Fed is going to control the direction of this market over the coming months,\" Ghriskey added.According to preliminary data, the S&P 500 lost 21.73 points, or 0.57%, to end at 3,808.87 points, while the Nasdaq Composite lost 180.84 points, or 1.65%, to 10,790.16. The Dow Jones Industrial Average rose 207.61 points, or 0.65%, to 32,046.72.Third-quarter reporting season forges ahead at full speed, with 227 of the companies in the S&P 500 having reported. Of those, 74% have beaten consensus estimates.Analysts now see aggregate S&P earnings growth of 2.5%, down from 4.5% at the beginning of October.\"In general we’ve seen earnings come in at or slightly above expectations,\" Ghriskey said. \"But those expectations have been lowered throughout the quarter.\"McDonalds Corp advanced after the fast food chain beat quarterly same-store sales estimates.Southwest Airlines Co quarterly profit topped consensus estimates, sending the carrier's stock higher.Amazon.com and Apple Inc are due to report shortly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986116399,"gmtCreate":1666912895511,"gmtModify":1676537828193,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986116399","repostId":"2278017954","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988437944,"gmtCreate":1666820925488,"gmtModify":1676537809454,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988437944","repostId":"1120821590","repostType":4,"repost":{"id":"1120821590","pubTimestamp":1666797931,"share":"https://www.laohu8.com/m/news/1120821590?lang=&edition=full","pubTime":"2022-10-26 23:25","market":"us","language":"en","title":"Biogen Upgrade, Regeneron Downgrade and Roblox Initiations: Top Calls on Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1120821590","media":"The Fly","summary":"Top 5 Upgrades:Goldman Sachs analyst Salveen Richter upgraded Biogen (BIIB) to Buy from Neutral with","content":"<html><head></head><body><p><b>Top 5 Upgrades:</b></p><ul><li>Goldman Sachs analyst Salveen Richter upgraded <b>Biogen</b> (BIIB) to Buy from Neutral with a price target of $370, up from $220, after updating his 2022 sales estimates for quarterly trends and revised guidance and increasing his lecanemab sales forecasts based on the recent positive Phase 3 topline data</li><li>Deutsche Bank analyst George Hill upgraded <b>Humana</b> (HUM) to Buy from Hold with a price target of $576, up from $514. The analyst says six regional independent Medicare Advantage brokers confirmed to him the solidifying of Humana&#39;s leading position in Medicare Advantage, and the rising challenges facing many of its competitors.</li><li>Morgan Stanley analyst Betsy Graseck upgraded <b>Discover Financial Services</b> (DFS) to Overweight from Equal Weight with a price target of $116, up from $104, citing the resumption of the share buyback.</li><li>Cantor Fitzgerald analyst Charles Duncan upgraded <b>Biohaven Pharmaceutical</b> (BHVN) to Overweight from Neutral with a price target of $27, down from $158, following the completion of the sale of its anti-CGRP assets to Pfizer (PFE) for $148.50 per share in cash, which was preceded by the spinout of its remaining assets into a SpinCo.</li><li>Canaccord analyst Matt Bottomley upgraded <b>Canopy Growth</b> (CGC) to Hold from Sell with a price target of C$4.25, up from C$2.75, following the company&#39;s series of announcements to streamline and create a holding company, Canopy USA, to consolidate its U.S. THC operations.</li></ul><p><b>Top 5 Downgrades:</b></p><ul><li>Raymond James analyst Dane Leone downgraded <b>Regeneron Pharmaceuticals</b> (REGN) to Underperform from Market Perform without a price target. In a research note to investors, Leone says that the life cycle extension benefit of 8mg aflibercept is likely over-estimated and that the oncology portfolio is likely to continue to struggle during 2023.</li><li>Compass Point analyst Giuliano Bologna downgraded <b>Ally Financial</b> (ALLY) to Neutral from Buy with a price target of $27, down from $50, following the company’s third quarter earnings miss and issuance of a &#34;significantly weaker&#34; updated outlook for earnings through fiscal 2023.</li><li>BofA analyst Elizabeth Suzuki downgraded <b>Whirlpool</b> (WHR) to Underperform from Neutral with a price target of $119, down from $155. Industry and company data suggest a severe drop in appliance demand and softening of pricing, Suzuki told investors.</li><li>JPMorgan analyst Jeffrey Zekauskas downgraded <b>Crown Holdings</b> (CCK) to Neutral from Overweight with a price target of $71, down from $115. It will be difficult for Crown to capture an enhanced trading multiple with little free cash flow generation likely for 2022 or 2023, Zekauskas argued.</li><li>Wells Fargo analyst Roger Read downgraded <b>Baker Hughes</b> (BKR) to Equal Weight from Overweight with a price target of $29, down from $32. The analyst sees Baker as a &#34;show me&#34; stock &#34;that could easily continue to lag its peers for another quarter or two.&#34;</li></ul><p><b>Top 5 Initiations:</b></p><ul><li>DA Davidson analyst Franco Granda initiated coverage of <b>Roblox</b> (RBLX) with a Buy rating and $55 price target. The analyst is positive on the company&#39;s &#34;user-first platform approach,&#34; its ability to outperform Mobile Gaming peers with a fraction of cost, the emerging opportunities to improve economics at a platform-wide level, and a growing number of use cases beyond gaming. Piper Sandler analyst Thomas Champion also initiated coverage of Roblox with an Overweight rating and $54 price target.</li><li>Mizuho analyst Anthony Petrone initiated coverage of <b>Abbott Laboratories</b> (ABT) with a Neutral rating and $105 price target. The analyst says the Neutral rating balances the benefits of the company&#39;s &#34;solid&#34; positioning in several of the fastest growing medical technology markets and &#34;fortress&#34; balance sheet against COVID testing and infant formula recall/relaunch headwinds. He also started Teleflex (TFX) with a Neutral and Edwards Lifesciences (EW) with a Buy rating.</li><li>H.C. Wainwright analyst Vernon Bernardino initiated coverage of <b>GeoVax Labs</b> (GOVX) with a Buy rating and $8 price target. GeoVax&#39;s pipeline &#34;shows promise as up-and-coming vaccines for infectious diseases and cancer,&#34; Bernardino told investors in a research note.</li><li>EF Hutton analyst Michael Albanese initiated coverage of<b>SHF Holdings</b>(SHFS) with a Buy rating and $10.50 price target. The company&#39;s Safe Harbor Financial provides compliant access to banking and financial services for customers in the cannabis industry, which is growing and &#34;starved for capital,&#34; Albanese said.</li><li>BofA analyst Sherif El-Sabbahy reinstated coverage of <b>Charah Solutions</b> (CHRA) with an Underperform rating and $1.65 price target. While Charah has &#34;undergone substantial changes in the past two years&#34; by divesting its &#34;sizable&#34; nuclear power plant services business unit, refocusing around core coal ash markets, introducing new products to its coal ash services portfolio and refreshing management with a new CFO, Charah &#34;continues to be plagued by high leverage, low FCF, and unprofitable legacy projects&#34; and remains a &#34;show me&#34; story given its challenges, the analyst told investors.</li></ul></body></html>","source":"lsy1649979459173","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>Biogen Upgrade, Regeneron Downgrade and Roblox Initiations: Top Calls on Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiogen Upgrade, Regeneron Downgrade and Roblox Initiations: Top Calls on Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3602984&headline=BIIB;HUM;DFS;BHVN;PFE;CGC;REGN;ALLY;WHR;CCK;BKR;RBLX;ABT;TFX;EW;SHFS;CHRA-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations><strong>The Fly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:Goldman Sachs analyst Salveen Richter upgraded Biogen (BIIB) to Buy from Neutral with a price target of $370, up from $220, after updating his 2022 sales estimates for quarterly trends ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3602984&headline=BIIB;HUM;DFS;BHVN;PFE;CGC;REGN;ALLY;WHR;CCK;BKR;RBLX;ABT;TFX;EW;SHFS;CHRA-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DFS":"发现金融","CGC":"Canopy Growth Corporation","WHR":"惠而浦","HUM":"哈门那","BKR":"贝克休斯","REGN":"再生元制药公司","ABT":"雅培","GOVX":"GeoVax Labs Inc","ALLY":"Ally Financial Inc.","CCK":"皇冠控股","BHVN":"Biohaven Pharmaceutical Holding Co Ltd.","RBLX":"Roblox Corporation","BIIB":"渤健公司"},"source_url":"https://thefly.com/landingPageNews.php?id=3602984&headline=BIIB;HUM;DFS;BHVN;PFE;CGC;REGN;ALLY;WHR;CCK;BKR;RBLX;ABT;TFX;EW;SHFS;CHRA-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120821590","content_text":"Top 5 Upgrades:Goldman Sachs analyst Salveen Richter upgraded Biogen (BIIB) to Buy from Neutral with a price target of $370, up from $220, after updating his 2022 sales estimates for quarterly trends and revised guidance and increasing his lecanemab sales forecasts based on the recent positive Phase 3 topline dataDeutsche Bank analyst George Hill upgraded Humana (HUM) to Buy from Hold with a price target of $576, up from $514. The analyst says six regional independent Medicare Advantage brokers confirmed to him the solidifying of Humana's leading position in Medicare Advantage, and the rising challenges facing many of its competitors.Morgan Stanley analyst Betsy Graseck upgraded Discover Financial Services (DFS) to Overweight from Equal Weight with a price target of $116, up from $104, citing the resumption of the share buyback.Cantor Fitzgerald analyst Charles Duncan upgraded Biohaven Pharmaceutical (BHVN) to Overweight from Neutral with a price target of $27, down from $158, following the completion of the sale of its anti-CGRP assets to Pfizer (PFE) for $148.50 per share in cash, which was preceded by the spinout of its remaining assets into a SpinCo.Canaccord analyst Matt Bottomley upgraded Canopy Growth (CGC) to Hold from Sell with a price target of C$4.25, up from C$2.75, following the company's series of announcements to streamline and create a holding company, Canopy USA, to consolidate its U.S. THC operations.Top 5 Downgrades:Raymond James analyst Dane Leone downgraded Regeneron Pharmaceuticals (REGN) to Underperform from Market Perform without a price target. In a research note to investors, Leone says that the life cycle extension benefit of 8mg aflibercept is likely over-estimated and that the oncology portfolio is likely to continue to struggle during 2023.Compass Point analyst Giuliano Bologna downgraded Ally Financial (ALLY) to Neutral from Buy with a price target of $27, down from $50, following the company’s third quarter earnings miss and issuance of a \"significantly weaker\" updated outlook for earnings through fiscal 2023.BofA analyst Elizabeth Suzuki downgraded Whirlpool (WHR) to Underperform from Neutral with a price target of $119, down from $155. Industry and company data suggest a severe drop in appliance demand and softening of pricing, Suzuki told investors.JPMorgan analyst Jeffrey Zekauskas downgraded Crown Holdings (CCK) to Neutral from Overweight with a price target of $71, down from $115. It will be difficult for Crown to capture an enhanced trading multiple with little free cash flow generation likely for 2022 or 2023, Zekauskas argued.Wells Fargo analyst Roger Read downgraded Baker Hughes (BKR) to Equal Weight from Overweight with a price target of $29, down from $32. The analyst sees Baker as a \"show me\" stock \"that could easily continue to lag its peers for another quarter or two.\"Top 5 Initiations:DA Davidson analyst Franco Granda initiated coverage of Roblox (RBLX) with a Buy rating and $55 price target. The analyst is positive on the company's \"user-first platform approach,\" its ability to outperform Mobile Gaming peers with a fraction of cost, the emerging opportunities to improve economics at a platform-wide level, and a growing number of use cases beyond gaming. Piper Sandler analyst Thomas Champion also initiated coverage of Roblox with an Overweight rating and $54 price target.Mizuho analyst Anthony Petrone initiated coverage of Abbott Laboratories (ABT) with a Neutral rating and $105 price target. The analyst says the Neutral rating balances the benefits of the company's \"solid\" positioning in several of the fastest growing medical technology markets and \"fortress\" balance sheet against COVID testing and infant formula recall/relaunch headwinds. He also started Teleflex (TFX) with a Neutral and Edwards Lifesciences (EW) with a Buy rating.H.C. Wainwright analyst Vernon Bernardino initiated coverage of GeoVax Labs (GOVX) with a Buy rating and $8 price target. GeoVax's pipeline \"shows promise as up-and-coming vaccines for infectious diseases and cancer,\" Bernardino told investors in a research note.EF Hutton analyst Michael Albanese initiated coverage ofSHF Holdings(SHFS) with a Buy rating and $10.50 price target. The company's Safe Harbor Financial provides compliant access to banking and financial services for customers in the cannabis industry, which is growing and \"starved for capital,\" Albanese said.BofA analyst Sherif El-Sabbahy reinstated coverage of Charah Solutions (CHRA) with an Underperform rating and $1.65 price target. While Charah has \"undergone substantial changes in the past two years\" by divesting its \"sizable\" nuclear power plant services business unit, refocusing around core coal ash markets, introducing new products to its coal ash services portfolio and refreshing management with a new CFO, Charah \"continues to be plagued by high leverage, low FCF, and unprofitable legacy projects\" and remains a \"show me\" story given its challenges, the analyst told investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988863156,"gmtCreate":1666735220475,"gmtModify":1676537795635,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988863156","repostId":"2278754775","repostType":4,"repost":{"id":"2278754775","pubTimestamp":1666773101,"share":"https://www.laohu8.com/m/news/2278754775?lang=&edition=full","pubTime":"2022-10-26 16:31","market":"us","language":"en","title":"3 Supercharged Growth Stocks With 257% to 379% Upside, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2278754775","media":"Motley Fool","summary":"Select analysts believe these industry game changers can skyrocket over the next year.","content":"<html><head></head><body><p>Wall Street has taken investors on quite the ride in 2022. Through the first half of the year, the benchmark <b>S&amp;P 500</b> delivered its worst first-half return since 1970. Meanwhile, the bond market is working on its worst return <i>in history</i>. There have been few ways to escape the onslaught.</p><p>However, double-digit-percentage declines in the stock market aren&#39;t known for lasting long. Historically, bull markets last substantially longer than corrections and bear markets. What&#39;s more, every crash, correction, and bear market throughout history has eventually been cleared away by a long-term rally. In other words, buying during the dips makes a lot of sense -- and Wall Street analysts know it.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86a0495df10ebed00eaabaed4e739600\" tg-width=\"700\" tg-height=\"535\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><p>Most price targets placed on publicly traded companies by Wall Street reflect this long-term optimism. But for some companies, truly great things are expected. According to the price targets of a select few analysts, Wall Street foresees the following three supercharged growth stocks gaining between 257% and 379% over the next year.</p><h2>Nio: Implied upside of 257%</h2><p>Electric vehicle (EV) manufacturer <b>Nio</b> has had a miserable year, with its shares down 65% through this past weekend. Semiconductor chip shortages, China&#39;s zero-COVID strategy (which has led to production disruptions), and historically high inflation are all headwinds working against the company.</p><p>Despite these challenges, <b>Mizuho</b> analyst Vijay Rakesh believes Nio is worth $40 a share, which would represent upside of 257% from where shares of the company closed on Oct. 21. While acknowledging Nio&#39;s supply chain and logistical challenges in a recent research note, Rakesh believes demand for Nio&#39;s EV is strong and that China&#39;s push toward greener transportation will be a positive for the company.</p><p>The thesis offered by Rakesh certainly holds water if you take a closer look at Nio&#39;s production totals. Though it&#39;s been hampered by persistent supply chain issues, the company has delivered four consecutive months with deliveries topping 10,000 EVs. Management has previously opined that it would have been able to ramp up to 50,000 EVs produced each month by as early as the end of 2022 if supply chain problems weren&#39;t a concern.</p><p>Nio has done a phenomenal job of letting its products do the talking. The company has been rolling out at least one new EV each year, with both of its new sedans (the ET7 and the ET5) offering a roughly 621-mile range with the top battery pack upgrade. That&#39;s considerably more range than the electric sedans Nio is competing with in China.</p><p>It also shouldn&#39;t be overlooked that Nio is based in the No. 1 auto market in the world -- China. By 2035, roughly half of all new vehicles sold in China are expected to run on some form of alternative energy. This gives Nio an opportunity to sustain double-digit growth amid a multidecade vehicle replacement cycle.</p><p>Although Nio does appear to have the tools and innovation capable of reaching $40 a share, supply chain issues make it unlikely that Mizuho&#39;s aggressive price target will be achieved within the next 12 months.</p><h2>Vaxart: Implied upside of 379%</h2><p>Another supercharged growth stock that Wall Street believes offers immense upside potential is clinical-stage biotech stock <b>Vaxart</b>.</p><p>Though shares of Vaxart have plummeted 73% on a year-to-date basis, it hasn&#39;t changed the optimistic tune of analyst Charles Duncan of Cantor Fitzgerald. Duncan&#39;s $8 price target suggests that Vaxart could come close to quintupling its current value. Duncan has cited the company&#39;s interim phase 2 results of an oral COVID-19 vaccine as the reason for his and his firm&#39;s lofty price target.</p><p>Logistically speaking, COVID-19 vaccines have their challenges. Properly storing and transporting approved COVID-19 vaccines can be challenging, as can the burden of having a medical professional administer a shot to a patient. An oral COVID-19 vaccine would be considerably easier to distribute and administer, which is why Vaxart&#39;s approach has been raising eyebrows.</p><p>At the beginning of September, the company announced the results of the first part of a two-part phase 2 study involving VXA-CoV2-1.1-S (don&#39;t these drug names just roll off the tongue?). This experimental pill specifically targets the S protein, with data showing that it met its primary safety endpoint, as well as its secondary immunogenicity endpoint.</p><p>While this initial data is encouraging, it&#39;s important to note that the company&#39;s previous candidate, VXA-CoV2-1, which targeted both the S and N proteins, didn&#39;t have the same success.</p><p>Furthermore, most COVID-focused vaccine developers have pivoted to omicron-specific solutions. Vaxart is still in the data-culling phase of its existence and is unlikely to conduct a large-scale omicron variant-focused trial until the latter half of 2023. This means it&#39;s going to be years before an omicron-specific oral vaccine has any chance of hitting pharmacy shelves.</p><p>In short, Cantor Fitzgerald&#39;s astronomical $8 price target for Vaxart is almost certainly out of reach.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d35e5e3f94aad2bbab176de04084b36\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>Plug Power: Implied upside of 373%</h2><p>The third supercharged growth stock with abundant upside, at least according to one Wall Street analyst, is hydrogen fuel cell solutions developer <b>Plug Power</b>.</p><p>Like most growth stocks, Plug has had a difficult year, with its shares tumbling 42%. But this hasn&#39;t stopped H.C. Wainwright analyst Amit Dayal from being the company&#39;s biggest cheerleader. Dayal has stuck by his firm&#39;s sky-high price target of $78 for a while, which would represent an increase of 373% from where shares ended this past week. Dayal is counting on the company&#39;s ever-expanding green hydrogen network to drive big gains.</p><p>Similar to Nio, Plug Power is poised to benefit from developed countries wanting to reduce their respective carbon footprints. The company&#39;s burgeoning green hydrogen ecosystem can produce and store hydrogen for personal or commercial use with fuel cells. The expectation is for increased green hydrogen availability to push down prices and make hydrogen-fueled vehicles an attractive option -- especially for public transportation and enterprise fleets.</p><p>The other significant catalyst for Plug Power is its numerous partnerships and joint ventures. In January 2021, it put itself on the map by forging two major partnerships in the span of a week, with SK Group and <b>Renault</b>. Just last week, it struck another joint venture -- this time with <b>Olin</b> -- to construct a hydrogen plant in Louisiana capable of producing 15 tons of green hydrogen per day. These joint ventures continue to validate Plug&#39;s technology and its push to $3 billion in targeted annual revenue by 2025. For context, full-year sales in 2021 were just over $502 million.</p><p>But even what seem like surefire opportunities face challenges. A little over a week ago, the company announced its previous sales forecast for 2022 would likely come in 5% to 10% light due to supply chain issues and the timing of certain projects.</p><p>It&#39;s also unclear how the company&#39;s expansion could be adversely impacted by rapidly rising interest rates. Getting green hydrogen infrastructure in place won&#39;t be cheap, and financing that green-energy future is becoming costlier by the day. With Plug Power still at least two years away from turning a recurring profit, it seems increasingly unlikely that Dayal&#39;s $78 price target will be reached.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Supercharged Growth Stocks With 257% to 379% Upside, According to Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Supercharged Growth Stocks With 257% to 379% Upside, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/25/3-growth-stocks-with-257-to-379-upside-wall-street/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street has taken investors on quite the ride in 2022. Through the first half of the year, the benchmark S&P 500 delivered its worst first-half return since 1970. Meanwhile, the bond market is ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/25/3-growth-stocks-with-257-to-379-upside-wall-street/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源","NIO":"蔚来","VXRT":"Vaxart, Inc"},"source_url":"https://www.fool.com/investing/2022/10/25/3-growth-stocks-with-257-to-379-upside-wall-street/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278754775","content_text":"Wall Street has taken investors on quite the ride in 2022. Through the first half of the year, the benchmark S&P 500 delivered its worst first-half return since 1970. Meanwhile, the bond market is working on its worst return in history. There have been few ways to escape the onslaught.However, double-digit-percentage declines in the stock market aren't known for lasting long. Historically, bull markets last substantially longer than corrections and bear markets. What's more, every crash, correction, and bear market throughout history has eventually been cleared away by a long-term rally. In other words, buying during the dips makes a lot of sense -- and Wall Street analysts know it.Image source: Getty Images.Most price targets placed on publicly traded companies by Wall Street reflect this long-term optimism. But for some companies, truly great things are expected. According to the price targets of a select few analysts, Wall Street foresees the following three supercharged growth stocks gaining between 257% and 379% over the next year.Nio: Implied upside of 257%Electric vehicle (EV) manufacturer Nio has had a miserable year, with its shares down 65% through this past weekend. Semiconductor chip shortages, China's zero-COVID strategy (which has led to production disruptions), and historically high inflation are all headwinds working against the company.Despite these challenges, Mizuho analyst Vijay Rakesh believes Nio is worth $40 a share, which would represent upside of 257% from where shares of the company closed on Oct. 21. While acknowledging Nio's supply chain and logistical challenges in a recent research note, Rakesh believes demand for Nio's EV is strong and that China's push toward greener transportation will be a positive for the company.The thesis offered by Rakesh certainly holds water if you take a closer look at Nio's production totals. Though it's been hampered by persistent supply chain issues, the company has delivered four consecutive months with deliveries topping 10,000 EVs. Management has previously opined that it would have been able to ramp up to 50,000 EVs produced each month by as early as the end of 2022 if supply chain problems weren't a concern.Nio has done a phenomenal job of letting its products do the talking. The company has been rolling out at least one new EV each year, with both of its new sedans (the ET7 and the ET5) offering a roughly 621-mile range with the top battery pack upgrade. That's considerably more range than the electric sedans Nio is competing with in China.It also shouldn't be overlooked that Nio is based in the No. 1 auto market in the world -- China. By 2035, roughly half of all new vehicles sold in China are expected to run on some form of alternative energy. This gives Nio an opportunity to sustain double-digit growth amid a multidecade vehicle replacement cycle.Although Nio does appear to have the tools and innovation capable of reaching $40 a share, supply chain issues make it unlikely that Mizuho's aggressive price target will be achieved within the next 12 months.Vaxart: Implied upside of 379%Another supercharged growth stock that Wall Street believes offers immense upside potential is clinical-stage biotech stock Vaxart.Though shares of Vaxart have plummeted 73% on a year-to-date basis, it hasn't changed the optimistic tune of analyst Charles Duncan of Cantor Fitzgerald. Duncan's $8 price target suggests that Vaxart could come close to quintupling its current value. Duncan has cited the company's interim phase 2 results of an oral COVID-19 vaccine as the reason for his and his firm's lofty price target.Logistically speaking, COVID-19 vaccines have their challenges. Properly storing and transporting approved COVID-19 vaccines can be challenging, as can the burden of having a medical professional administer a shot to a patient. An oral COVID-19 vaccine would be considerably easier to distribute and administer, which is why Vaxart's approach has been raising eyebrows.At the beginning of September, the company announced the results of the first part of a two-part phase 2 study involving VXA-CoV2-1.1-S (don't these drug names just roll off the tongue?). This experimental pill specifically targets the S protein, with data showing that it met its primary safety endpoint, as well as its secondary immunogenicity endpoint.While this initial data is encouraging, it's important to note that the company's previous candidate, VXA-CoV2-1, which targeted both the S and N proteins, didn't have the same success.Furthermore, most COVID-focused vaccine developers have pivoted to omicron-specific solutions. Vaxart is still in the data-culling phase of its existence and is unlikely to conduct a large-scale omicron variant-focused trial until the latter half of 2023. This means it's going to be years before an omicron-specific oral vaccine has any chance of hitting pharmacy shelves.In short, Cantor Fitzgerald's astronomical $8 price target for Vaxart is almost certainly out of reach.Image source: Getty Images.Plug Power: Implied upside of 373%The third supercharged growth stock with abundant upside, at least according to one Wall Street analyst, is hydrogen fuel cell solutions developer Plug Power.Like most growth stocks, Plug has had a difficult year, with its shares tumbling 42%. But this hasn't stopped H.C. Wainwright analyst Amit Dayal from being the company's biggest cheerleader. Dayal has stuck by his firm's sky-high price target of $78 for a while, which would represent an increase of 373% from where shares ended this past week. Dayal is counting on the company's ever-expanding green hydrogen network to drive big gains.Similar to Nio, Plug Power is poised to benefit from developed countries wanting to reduce their respective carbon footprints. The company's burgeoning green hydrogen ecosystem can produce and store hydrogen for personal or commercial use with fuel cells. The expectation is for increased green hydrogen availability to push down prices and make hydrogen-fueled vehicles an attractive option -- especially for public transportation and enterprise fleets.The other significant catalyst for Plug Power is its numerous partnerships and joint ventures. In January 2021, it put itself on the map by forging two major partnerships in the span of a week, with SK Group and Renault. Just last week, it struck another joint venture -- this time with Olin -- to construct a hydrogen plant in Louisiana capable of producing 15 tons of green hydrogen per day. These joint ventures continue to validate Plug's technology and its push to $3 billion in targeted annual revenue by 2025. For context, full-year sales in 2021 were just over $502 million.But even what seem like surefire opportunities face challenges. A little over a week ago, the company announced its previous sales forecast for 2022 would likely come in 5% to 10% light due to supply chain issues and the timing of certain projects.It's also unclear how the company's expansion could be adversely impacted by rapidly rising interest rates. Getting green hydrogen infrastructure in place won't be cheap, and financing that green-energy future is becoming costlier by the day. With Plug Power still at least two years away from turning a recurring profit, it seems increasingly unlikely that Dayal's $78 price target will be reached.","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988931441,"gmtCreate":1666653227583,"gmtModify":1676537782706,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9988931441","repostId":"1169328015","repostType":4,"repost":{"id":"1169328015","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1666624185,"share":"https://www.laohu8.com/m/news/1169328015?lang=&edition=full","pubTime":"2022-10-24 23:09","market":"uk","language":"en","title":"Rishi Sunak to Be UK Prime Minister: What You Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1169328015","media":"Reuters","summary":"LONDON, Oct 24 (Reuters) - Rishi Sunak will be Britain's next prime minister after his rivals quit t","content":"<html><head></head><body><p>LONDON, Oct 24 (Reuters) - Rishi Sunak will be Britain&#39;s next prime minister after his rivals quit the race, following one of the most turbulent periods in British political history.</p><p>Following are latest events, comments and context:</p><h2>POLITICS</h2><p>* Sunak, the 42-year-old former finance minister, will become Britain&#39;s third prime minister in less than two months.</p><p>* Sunak will have to address multiple economic and political crises as soon as he takes office.</p><p>* His predecessor Liz Truss was brought down after just six weeks in office by her economic programme which roiled financial markets, pushed up living costs for voters and enraged much of her own party.</p><p>* After been chosen, he told Conservative lawmakers his first priority was delivering economic stability.</p><p>* &#34;It&#39;s unite or die&#34;, he told his divided lawmakers shortly after the announcement, according to one present in the room.</p><p>* Boris Johnson, who was ousted as prime minister by his lawmakers in July, was aiming to make what would have been an extraordinary political comeback, before quitting the race.</p><p>* Sunak, one of the wealthiest politicians in Westminster, will become prime minister when invited to form a government by King Charles, likely on Tuesday.</p><p>* A former Goldman Sachs analyst, Sunak will be Britain&#39;s first prime minister of Indian origin.</p><p>* Many Indians are delighted at Sunak&#39;s rise to the top job.</p><p>* He is tasked with steering the country through an economic crisis and mounting anger among some voters.</p><p>* A nationwide election need not be called for another two years, but opposition parties said voters should now be given a say. The Labour Party leads the government by more than 30 points in some opinion polls.</p><p>* Sunak has ruled out an election, according to lawmakers present at a speech he gave on Monday.</p><h2>MARKETS</h2><p>* British government bond prices rose sharply after Sunak cruised to victory in the race to succeed Truss, removing at least one source of uncertainty for bond investors.</p><p>* Ten-year British government bond yields fell to their lowest level since former finance minister Kwasi Kwarteng&#39;s &#34;mini budget&#34; on Sept. 23.</p><p>* Sterling took support from news of Sunak&#39;s victory.</p><p>* The medium term outlook for the pound looks troubled however. &#34;We maybe have a bit less chaos with Boris Johnson not running but it&#39;s not like Rishi Sunak has a strong programme presenting greater horizons ahead for the UK economy when the backdrop is still the backdrop,&#34; said John Hardy head of FX strategy at Saxo Bank.</p><h2>ECONOMY</h2><p>* Bank of England Deputy Governor Dave Ramsden said credibility was returning to British economic policymaking, judging by a recovery in the government bond market.</p><p>* Ruth Gregory, senior UK economist at Capital Economics in London said: &#34;The fall in gilt yields on the news today that Rishi Sunak will become the UK’s next Prime Minister has reduced the chances of a significant fiscal consolidation. Even so, the new PM will still have to work hard to restore stability in the eyes of the financial markets.&#34;</p><h2>WHAT&#39;S BEHIND THE CRISIS?</h2><p>* Britain&#39;s financial markets were plunged into turmoil on Sept. 23 after then-new finance minister Kwasi Kwarteng announced billions of pounds of unfunded tax cuts.</p><p>* The Bank of England was forced into emergency bond-buyingto stema sharp sell-off in Britain&#39;s $2.3 trillion government bond market that threatened to wreak havoc in the pension industry and increase recession risks.</p><p>* Kwarteng&#39;s replacement Jeremy Hunt on Monday scrapped &#34;nearly all&#34; of the economic plan and scaled back Truss&#39;s vast energy support scheme, announced in September, in a historic U-turn to try restore investor confidence.</p><p>* The BoE interventions have highlighted a growing segment of Britain&#39;s pensions sector - liability-driven investment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e829811170231ec85811214b7dcfa43\" tg-width=\"787\" tg-height=\"588\" width=\"100%\" height=\"auto\"/><span>UK market turbulence</span></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>Rishi Sunak to Be UK Prime Minister: What You Need to Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRishi Sunak to Be UK Prime Minister: What You Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-24 23:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>LONDON, Oct 24 (Reuters) - Rishi Sunak will be Britain&#39;s next prime minister after his rivals quit the race, following one of the most turbulent periods in British political history.</p><p>Following are latest events, comments and context:</p><h2>POLITICS</h2><p>* Sunak, the 42-year-old former finance minister, will become Britain&#39;s third prime minister in less than two months.</p><p>* Sunak will have to address multiple economic and political crises as soon as he takes office.</p><p>* His predecessor Liz Truss was brought down after just six weeks in office by her economic programme which roiled financial markets, pushed up living costs for voters and enraged much of her own party.</p><p>* After been chosen, he told Conservative lawmakers his first priority was delivering economic stability.</p><p>* &#34;It&#39;s unite or die&#34;, he told his divided lawmakers shortly after the announcement, according to one present in the room.</p><p>* Boris Johnson, who was ousted as prime minister by his lawmakers in July, was aiming to make what would have been an extraordinary political comeback, before quitting the race.</p><p>* Sunak, one of the wealthiest politicians in Westminster, will become prime minister when invited to form a government by King Charles, likely on Tuesday.</p><p>* A former Goldman Sachs analyst, Sunak will be Britain&#39;s first prime minister of Indian origin.</p><p>* Many Indians are delighted at Sunak&#39;s rise to the top job.</p><p>* He is tasked with steering the country through an economic crisis and mounting anger among some voters.</p><p>* A nationwide election need not be called for another two years, but opposition parties said voters should now be given a say. The Labour Party leads the government by more than 30 points in some opinion polls.</p><p>* Sunak has ruled out an election, according to lawmakers present at a speech he gave on Monday.</p><h2>MARKETS</h2><p>* British government bond prices rose sharply after Sunak cruised to victory in the race to succeed Truss, removing at least one source of uncertainty for bond investors.</p><p>* Ten-year British government bond yields fell to their lowest level since former finance minister Kwasi Kwarteng&#39;s &#34;mini budget&#34; on Sept. 23.</p><p>* Sterling took support from news of Sunak&#39;s victory.</p><p>* The medium term outlook for the pound looks troubled however. &#34;We maybe have a bit less chaos with Boris Johnson not running but it&#39;s not like Rishi Sunak has a strong programme presenting greater horizons ahead for the UK economy when the backdrop is still the backdrop,&#34; said John Hardy head of FX strategy at Saxo Bank.</p><h2>ECONOMY</h2><p>* Bank of England Deputy Governor Dave Ramsden said credibility was returning to British economic policymaking, judging by a recovery in the government bond market.</p><p>* Ruth Gregory, senior UK economist at Capital Economics in London said: &#34;The fall in gilt yields on the news today that Rishi Sunak will become the UK’s next Prime Minister has reduced the chances of a significant fiscal consolidation. Even so, the new PM will still have to work hard to restore stability in the eyes of the financial markets.&#34;</p><h2>WHAT&#39;S BEHIND THE CRISIS?</h2><p>* Britain&#39;s financial markets were plunged into turmoil on Sept. 23 after then-new finance minister Kwasi Kwarteng announced billions of pounds of unfunded tax cuts.</p><p>* The Bank of England was forced into emergency bond-buyingto stema sharp sell-off in Britain&#39;s $2.3 trillion government bond market that threatened to wreak havoc in the pension industry and increase recession risks.</p><p>* Kwarteng&#39;s replacement Jeremy Hunt on Monday scrapped &#34;nearly all&#34; of the economic plan and scaled back Truss&#39;s vast energy support scheme, announced in September, in a historic U-turn to try restore investor confidence.</p><p>* The BoE interventions have highlighted a growing segment of Britain&#39;s pensions sector - liability-driven investment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e829811170231ec85811214b7dcfa43\" tg-width=\"787\" tg-height=\"588\" width=\"100%\" height=\"auto\"/><span>UK market turbulence</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VUKE.UK":"英国富时100"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169328015","content_text":"LONDON, Oct 24 (Reuters) - Rishi Sunak will be Britain's next prime minister after his rivals quit the race, following one of the most turbulent periods in British political history.Following are latest events, comments and context:POLITICS* Sunak, the 42-year-old former finance minister, will become Britain's third prime minister in less than two months.* Sunak will have to address multiple economic and political crises as soon as he takes office.* His predecessor Liz Truss was brought down after just six weeks in office by her economic programme which roiled financial markets, pushed up living costs for voters and enraged much of her own party.* After been chosen, he told Conservative lawmakers his first priority was delivering economic stability.* \"It's unite or die\", he told his divided lawmakers shortly after the announcement, according to one present in the room.* Boris Johnson, who was ousted as prime minister by his lawmakers in July, was aiming to make what would have been an extraordinary political comeback, before quitting the race.* Sunak, one of the wealthiest politicians in Westminster, will become prime minister when invited to form a government by King Charles, likely on Tuesday.* A former Goldman Sachs analyst, Sunak will be Britain's first prime minister of Indian origin.* Many Indians are delighted at Sunak's rise to the top job.* He is tasked with steering the country through an economic crisis and mounting anger among some voters.* A nationwide election need not be called for another two years, but opposition parties said voters should now be given a say. The Labour Party leads the government by more than 30 points in some opinion polls.* Sunak has ruled out an election, according to lawmakers present at a speech he gave on Monday.MARKETS* British government bond prices rose sharply after Sunak cruised to victory in the race to succeed Truss, removing at least one source of uncertainty for bond investors.* Ten-year British government bond yields fell to their lowest level since former finance minister Kwasi Kwarteng's \"mini budget\" on Sept. 23.* Sterling took support from news of Sunak's victory.* The medium term outlook for the pound looks troubled however. \"We maybe have a bit less chaos with Boris Johnson not running but it's not like Rishi Sunak has a strong programme presenting greater horizons ahead for the UK economy when the backdrop is still the backdrop,\" said John Hardy head of FX strategy at Saxo Bank.ECONOMY* Bank of England Deputy Governor Dave Ramsden said credibility was returning to British economic policymaking, judging by a recovery in the government bond market.* Ruth Gregory, senior UK economist at Capital Economics in London said: \"The fall in gilt yields on the news today that Rishi Sunak will become the UK’s next Prime Minister has reduced the chances of a significant fiscal consolidation. Even so, the new PM will still have to work hard to restore stability in the eyes of the financial markets.\"WHAT'S BEHIND THE CRISIS?* Britain's financial markets were plunged into turmoil on Sept. 23 after then-new finance minister Kwasi Kwarteng announced billions of pounds of unfunded tax cuts.* The Bank of England was forced into emergency bond-buyingto stema sharp sell-off in Britain's $2.3 trillion government bond market that threatened to wreak havoc in the pension industry and increase recession risks.* Kwarteng's replacement Jeremy Hunt on Monday scrapped \"nearly all\" of the economic plan and scaled back Truss's vast energy support scheme, announced in September, in a historic U-turn to try restore investor confidence.* The BoE interventions have highlighted a growing segment of Britain's pensions sector - liability-driven investment.UK market turbulence","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988931111,"gmtCreate":1666653175034,"gmtModify":1676537782698,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9988931111","repostId":"2277240299","repostType":4,"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983046832,"gmtCreate":1666133122926,"gmtModify":1676537709262,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983046832","repostId":"1180890436","repostType":4,"repost":{"id":"1180890436","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":1666100096,"share":"https://www.laohu8.com/m/news/1180890436?lang=&edition=full","pubTime":"2022-10-18 21:34","market":"us","language":"en","title":"FuboTV Jumps 11% on Upbeat Early Q3 Results, Closing Fubo Gaming","url":"https://stock-news.laohu8.com/highlight/detail?id=1180890436","media":"Tiger Newspress","summary":"FuboTV jumps 11% on upbeat early Q3 results, closing Fubo Gaming.The company expects to close the th","content":"<html><head></head><body><p>FuboTV jumps 11% on upbeat early Q3 results, closing Fubo Gaming.<img src=\"https://static.tigerbbs.com/e1e207538d500f8799ecae1073f42a3b\" tg-width=\"828\" tg-height=\"832\" width=\"100%\" height=\"auto\"/>The company expects to close the third quarter with at least $210M in North American revenue (up 34% year-over-year), up from $200M-$205M, with Rest of World revenue coming in at least $5.5M (vs. previous guidance for $5M-$6M).</p><p>Paid subscribers in North America, meanwhile, are expected to crest 1,220,000, up more than 27% and vs. guidance for 1.135M-1.155M, with Rest of World paid subs hitting 350,000 (vs. guidance for 340,000-360,000).</p><p>It also expects to post about -$100M in adjusted earnings before interest, taxes, depreciation and amortization in Q3. It says cash and equivalents at quarter-end will be at least $300M.</p><p>The company also says it&#39;s wrapped its strategic review of its gaming business with a decision to close it.</p><p>&#34;While multiple parties expressed interest in the business, none of these opportunities would have allowed Fubo to lower its funding requirements and generate sufficient returns to shareholders,&#34; FuboTV says. &#34;As a result, FuboTV will close its Fubo Gaming subsidiary and cease operation of its owned-and-operated Fubo Sportsbook effective immediately.&#34;</p><p>The company reports full results Nov. 4; Street expectations are for earnings per share of -$0.65 on revenues up 34% to $209.6M.</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>FuboTV Jumps 11% on Upbeat Early Q3 Results, Closing Fubo Gaming</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\">\nFuboTV Jumps 11% on Upbeat Early Q3 Results, Closing Fubo Gaming\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-18 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>FuboTV jumps 11% on upbeat early Q3 results, closing Fubo Gaming.<img src=\"https://static.tigerbbs.com/e1e207538d500f8799ecae1073f42a3b\" tg-width=\"828\" tg-height=\"832\" width=\"100%\" height=\"auto\"/>The company expects to close the third quarter with at least $210M in North American revenue (up 34% year-over-year), up from $200M-$205M, with Rest of World revenue coming in at least $5.5M (vs. previous guidance for $5M-$6M).</p><p>Paid subscribers in North America, meanwhile, are expected to crest 1,220,000, up more than 27% and vs. guidance for 1.135M-1.155M, with Rest of World paid subs hitting 350,000 (vs. guidance for 340,000-360,000).</p><p>It also expects to post about -$100M in adjusted earnings before interest, taxes, depreciation and amortization in Q3. It says cash and equivalents at quarter-end will be at least $300M.</p><p>The company also says it&#39;s wrapped its strategic review of its gaming business with a decision to close it.</p><p>&#34;While multiple parties expressed interest in the business, none of these opportunities would have allowed Fubo to lower its funding requirements and generate sufficient returns to shareholders,&#34; FuboTV says. &#34;As a result, FuboTV will close its Fubo Gaming subsidiary and cease operation of its owned-and-operated Fubo Sportsbook effective immediately.&#34;</p><p>The company reports full results Nov. 4; Street expectations are for earnings per share of -$0.65 on revenues up 34% to $209.6M.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUBO":"fuboTV Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180890436","content_text":"FuboTV jumps 11% on upbeat early Q3 results, closing Fubo Gaming.The company expects to close the third quarter with at least $210M in North American revenue (up 34% year-over-year), up from $200M-$205M, with Rest of World revenue coming in at least $5.5M (vs. previous guidance for $5M-$6M).Paid subscribers in North America, meanwhile, are expected to crest 1,220,000, up more than 27% and vs. guidance for 1.135M-1.155M, with Rest of World paid subs hitting 350,000 (vs. guidance for 340,000-360,000).It also expects to post about -$100M in adjusted earnings before interest, taxes, depreciation and amortization in Q3. It says cash and equivalents at quarter-end will be at least $300M.The company also says it's wrapped its strategic review of its gaming business with a decision to close it.\"While multiple parties expressed interest in the business, none of these opportunities would have allowed Fubo to lower its funding requirements and generate sufficient returns to shareholders,\" FuboTV says. \"As a result, FuboTV will close its Fubo Gaming subsidiary and cease operation of its owned-and-operated Fubo Sportsbook effective immediately.\"The company reports full results Nov. 4; Street expectations are for earnings per share of -$0.65 on revenues up 34% to $209.6M.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983048726,"gmtCreate":1666133109766,"gmtModify":1676537709246,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983048726","repostId":"1162021546","repostType":4,"repost":{"id":"1162021546","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":1666102462,"share":"https://www.laohu8.com/m/news/1162021546?lang=&edition=full","pubTime":"2022-10-18 22:14","market":"us","language":"en","title":"Bank Stocks Gained in Morning Trading with Credit Suisse and Goldman Sachs Jumping over 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1162021546","media":"Tiger Newspress","summary":"Bank stocks gained in morning trading with Credit Suisse and Goldman Sachs jumping over 5%.Goldman e","content":"<html><head></head><body><p>Bank stocks gained in morning trading with Credit Suisse and Goldman Sachs jumping over 5%.<img src=\"https://static.tigerbbs.com/4d7e0a53fad95b433deb7fcfda06635a\" tg-width=\"291\" tg-height=\"482\" width=\"100%\" height=\"auto\"/>Goldman earned $8.25 per share for the third quarter, beating the $7.69 consensus estimate, while revenue topped Wall Street forecasts as well.</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>Bank Stocks Gained in Morning Trading with Credit Suisse and Goldman Sachs Jumping over 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\">\nBank Stocks Gained in Morning Trading with Credit Suisse and Goldman Sachs Jumping over 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\">2022-10-18 22:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bank stocks gained in morning trading with Credit Suisse and Goldman Sachs jumping over 5%.<img src=\"https://static.tigerbbs.com/4d7e0a53fad95b433deb7fcfda06635a\" tg-width=\"291\" tg-height=\"482\" width=\"100%\" height=\"auto\"/>Goldman earned $8.25 per share for the third quarter, beating the $7.69 consensus estimate, while revenue topped Wall Street forecasts as well.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162021546","content_text":"Bank stocks gained in morning trading with Credit Suisse and Goldman Sachs jumping over 5%.Goldman earned $8.25 per share for the third quarter, beating the $7.69 consensus estimate, while revenue topped Wall Street forecasts as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980170176,"gmtCreate":1665698941995,"gmtModify":1676537649219,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980170176","repostId":"1195088579","repostType":4,"repost":{"id":"1195088579","pubTimestamp":1665671485,"share":"https://www.laohu8.com/m/news/1195088579?lang=&edition=full","pubTime":"2022-10-13 22:31","market":"us","language":"en","title":"Alibaba: Why It's Set To Get Worse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195088579","media":"Seeking Alpha","summary":"SummaryAlibaba Group Holding’s chart pattern is weak.BABA's earnings date isn’t that far away, and i","content":"<html><head></head><body><p>Summary</p><ul><li>Alibaba Group Holding’s chart pattern is weak.</li><li>BABA&#39;s earnings date isn’t that far away, and it could catalyze a correction to the downside.</li><li>In my opinion, slowing growth in China virtually guarantees that Alibaba’s sales growth will slow.</li></ul><p>Although fears of delisting for <b>Alibaba Group Holding (</b><b>NYSE:BABA</b><b>)</b>have subsided in recent weeks, the stock appears set to fall to new lows.</p><p>In this article, I will discuss Alibaba&#39;s precarious situation and why I believe the stock is about to hit new lows in the near future.</p><p>With sales growth slowing and clouds forming over the global economy, Alibaba appears to be in a no-win situation.</p><p>Despite the fact that Alibaba recently gained momentum after achieving primary listing status in Hong Kong, I believe the stock is due for a significant decline, and I will explain why.</p><p><b>Short Position Disclosure</b></p><p>In the spirit of full disclosure, I want every reader to be aware that I am biased against Alibaba Group Holdings for three reasons before reading this article:</p><ol><li>Alibaba is going through an unprecedented sales slowdown;</li><li>Delisting concerns are real and justified;</li><li>Chinese economic growth is slowing.</li></ol><p>Because of these three factors, I&#39;m short through put options, and my short position is small, so my risks are low. In the worst-case scenario, I will lose the premium I paid when the put options expire worthless.</p><p><b>A Market In Peril: Prepare For Alibaba&#39;s First Quarter With Less Than 0% Sales Growth</b></p><p>Alibaba&#39;sslowdown in spending in the June quarter was due to consumers&#39; decreased willingness to spend money.</p><p>Flatlining sales growth was an unthinkable development for Alibaba just a year ago, but a confluence of factors, including (but not limited to) high inflation, slowing retail sales growth in China, deflating economic growth, and increasingly hawkish monetary policies, has brought Alibaba to this point.</p><p>This week, for example, the Bank of England expanded its emergency bond-buying program in response to distress signals in the bond market, indicating that the global economy is in jeopardy.</p><p>Other recession warnings came from J.P. Morgan chairman Jamie Dimon, who predicted that the United States would enter a recession in 6-9 months.</p><p>The IMF recently reduced its growth forecast for 2023 to 2.7%, a 0.2 percentage point decrease from its previous estimate, and warned that&#34;the worst is yet to come&#34;.</p><p>Because Alibaba is a true eCommerce behemoth with 1.1 billion customers and tentacles spreading across the globe, particularly in Southeast Asia, the eCommerce company is a bet on global growth.</p><p>Given the global economic headwinds, Alibaba may report its first quarter of sales growth below 0% next month. Alibaba&#39;s growth already slowed to 0% in the June quarter, making it very likely that the Covid resurgence and headwinds to global economic growth resulted in a negative-growth quarter.</p><p><img src=\"https://static.tigerbbs.com/bf34f124fd8bc06a3a75cee79c29ad8f\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Sales Growth (Alibaba Group Holding)</p><p>A little more than two-thirds of Alibaba&#39;s sales continue to come from the Chinese market, implying that, in the short to medium term, Alibaba, despite its increasing integration into the global economy, is still essentially a bet on the Chinese market as a whole. Unfortunately for Alibaba, the domestic market is currently in disarray.</p><p><b>China&#39;s Economy Experienced A Sharp Downturn In 2Q-22</b></p><p>As China&#39;s largest eCommerce company, Alibaba is betting on the broad potential of the Chinese economy, which is in bad shape. China&#39;s GDP increased by only 0.4% in the second quarter, far less than the 1.0% predicted by economists. China&#39;s economic growth slowed from4.8% in the first quarter, and prospects for 3Q-22 don&#39;t look much better given the widespread resurgence of Covid-19 in the third quarter.</p><p><img src=\"https://static.tigerbbs.com/dbf0bb45c254f5803f58783bcbd36677\" tg-width=\"640\" tg-height=\"355\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>China&#39;s GDP (Tradingeconomics.com)</p><p><b>$50 Price Level Would Be An Attractive Purchase Level</b></p><p>Alibaba&#39;s chart also does not look promising. BABA stock failed to sustainably breach through the 50-day moving average in August (and then again in October), which could have significantly improved Alibaba&#39;s chart situation.</p><p>Despite a brief surge in August following Alibaba&#39;sprimary listing in Hong Kong, the general stock price trend has been one of weakness and low trading volume, indicating that the market is waiting for news to react to.</p><p><img src=\"https://static.tigerbbs.com/5cea88cc848cd62f6c463780bc5f8366\" tg-width=\"640\" tg-height=\"521\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Moving Average (Stockcharts.com)</p><p>I intend to close my short position around the $50 mark, at which point Alibaba&#39;s stock price will have fallen by more than 50% since I began my short position. It is also a valuation level at which I would feel comfortable reversing my trade and going long Alibaba.</p><p>The market currently forecasts $7.31 per share in Alibaba earnings for the fiscal year 2023, which may be an overly optimistic estimate given that the market is generally in decline and BABA is already down 6% as I write this. I believe $5 per share is a more reasonable assumption.</p><p>A $50 price target and $5 earnings per share imply a P/E ratio of 10x, which represents a high enough margin of safety for me to consider closing my short position and going long Alibaba.</p><p><img src=\"https://static.tigerbbs.com/b539c4599576fc1ce21f895771e53646\" tg-width=\"640\" tg-height=\"238\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Earnings Estimate (Yahoo Finance)</p><p><b>Why Alibaba Could See A Higher Stock Price</b></p><p>The Chinese economy may regain its footing, resulting in a rebound in retail sales growth, which will most likely support Alibaba&#39;s overall sales growth. An end to the Covid-19 pandemic would also benefit eCommerce sales growth and Alibaba&#39;s industry prospects.</p><p>Alibaba&#39;s valuation could rise if the market gains confidence in its ADR shares&#39; ability to remain listed on a U.S. stock exchange, a possibility that investors have recently begun to discount.</p><p><b>My Conclusion</b></p><p>The fact that Alibaba failed to reclaim the 50-day moving average in early October and that the stock continues to fall is concerning.</p><p>Because the eCommerce company is very likely to report less than 0% sales growth in the last quarter, the stock could be headed for new lows.</p><p>Furthermore, excitement over a Hong Kong primary listing faded quickly, indicating that the market is concerned about Alibaba on a much deeper level.</p><p>The catalyst for a renewed push to the downside could be next month&#39;s earnings report, which is expected to be disappointing by all accounts. With the Chinese economy slowing rapidly throughout the quarter, I believe Alibaba will report its first ever negative sales growth as a public company in November.</p><p>With the risks still outweighing the potential rewards, I believe Alibaba&#39;s stock price will fall significantly.</p><p>Around $50, I&#39;ll close my short position and consider a long position.</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>Alibaba: Why It's Set To Get Worse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Why It's Set To Get Worse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-13 22:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4546328-alibaba-set-to-get-worse><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba Group Holding’s chart pattern is weak.BABA's earnings date isn’t that far away, and it could catalyze a correction to the downside.In my opinion, slowing growth in China virtually ...</p>\n\n<a href=\"https://seekingalpha.com/article/4546328-alibaba-set-to-get-worse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"source_url":"https://seekingalpha.com/article/4546328-alibaba-set-to-get-worse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195088579","content_text":"SummaryAlibaba Group Holding’s chart pattern is weak.BABA's earnings date isn’t that far away, and it could catalyze a correction to the downside.In my opinion, slowing growth in China virtually guarantees that Alibaba’s sales growth will slow.Although fears of delisting for Alibaba Group Holding (NYSE:BABA)have subsided in recent weeks, the stock appears set to fall to new lows.In this article, I will discuss Alibaba's precarious situation and why I believe the stock is about to hit new lows in the near future.With sales growth slowing and clouds forming over the global economy, Alibaba appears to be in a no-win situation.Despite the fact that Alibaba recently gained momentum after achieving primary listing status in Hong Kong, I believe the stock is due for a significant decline, and I will explain why.Short Position DisclosureIn the spirit of full disclosure, I want every reader to be aware that I am biased against Alibaba Group Holdings for three reasons before reading this article:Alibaba is going through an unprecedented sales slowdown;Delisting concerns are real and justified;Chinese economic growth is slowing.Because of these three factors, I'm short through put options, and my short position is small, so my risks are low. In the worst-case scenario, I will lose the premium I paid when the put options expire worthless.A Market In Peril: Prepare For Alibaba's First Quarter With Less Than 0% Sales GrowthAlibaba'sslowdown in spending in the June quarter was due to consumers' decreased willingness to spend money.Flatlining sales growth was an unthinkable development for Alibaba just a year ago, but a confluence of factors, including (but not limited to) high inflation, slowing retail sales growth in China, deflating economic growth, and increasingly hawkish monetary policies, has brought Alibaba to this point.This week, for example, the Bank of England expanded its emergency bond-buying program in response to distress signals in the bond market, indicating that the global economy is in jeopardy.Other recession warnings came from J.P. Morgan chairman Jamie Dimon, who predicted that the United States would enter a recession in 6-9 months.The IMF recently reduced its growth forecast for 2023 to 2.7%, a 0.2 percentage point decrease from its previous estimate, and warned that\"the worst is yet to come\".Because Alibaba is a true eCommerce behemoth with 1.1 billion customers and tentacles spreading across the globe, particularly in Southeast Asia, the eCommerce company is a bet on global growth.Given the global economic headwinds, Alibaba may report its first quarter of sales growth below 0% next month. Alibaba's growth already slowed to 0% in the June quarter, making it very likely that the Covid resurgence and headwinds to global economic growth resulted in a negative-growth quarter.Sales Growth (Alibaba Group Holding)A little more than two-thirds of Alibaba's sales continue to come from the Chinese market, implying that, in the short to medium term, Alibaba, despite its increasing integration into the global economy, is still essentially a bet on the Chinese market as a whole. Unfortunately for Alibaba, the domestic market is currently in disarray.China's Economy Experienced A Sharp Downturn In 2Q-22As China's largest eCommerce company, Alibaba is betting on the broad potential of the Chinese economy, which is in bad shape. China's GDP increased by only 0.4% in the second quarter, far less than the 1.0% predicted by economists. China's economic growth slowed from4.8% in the first quarter, and prospects for 3Q-22 don't look much better given the widespread resurgence of Covid-19 in the third quarter.China's GDP (Tradingeconomics.com)$50 Price Level Would Be An Attractive Purchase LevelAlibaba's chart also does not look promising. BABA stock failed to sustainably breach through the 50-day moving average in August (and then again in October), which could have significantly improved Alibaba's chart situation.Despite a brief surge in August following Alibaba'sprimary listing in Hong Kong, the general stock price trend has been one of weakness and low trading volume, indicating that the market is waiting for news to react to.Moving Average (Stockcharts.com)I intend to close my short position around the $50 mark, at which point Alibaba's stock price will have fallen by more than 50% since I began my short position. It is also a valuation level at which I would feel comfortable reversing my trade and going long Alibaba.The market currently forecasts $7.31 per share in Alibaba earnings for the fiscal year 2023, which may be an overly optimistic estimate given that the market is generally in decline and BABA is already down 6% as I write this. I believe $5 per share is a more reasonable assumption.A $50 price target and $5 earnings per share imply a P/E ratio of 10x, which represents a high enough margin of safety for me to consider closing my short position and going long Alibaba.Earnings Estimate (Yahoo Finance)Why Alibaba Could See A Higher Stock PriceThe Chinese economy may regain its footing, resulting in a rebound in retail sales growth, which will most likely support Alibaba's overall sales growth. An end to the Covid-19 pandemic would also benefit eCommerce sales growth and Alibaba's industry prospects.Alibaba's valuation could rise if the market gains confidence in its ADR shares' ability to remain listed on a U.S. stock exchange, a possibility that investors have recently begun to discount.My ConclusionThe fact that Alibaba failed to reclaim the 50-day moving average in early October and that the stock continues to fall is concerning.Because the eCommerce company is very likely to report less than 0% sales growth in the last quarter, the stock could be headed for new lows.Furthermore, excitement over a Hong Kong primary listing faded quickly, indicating that the market is concerned about Alibaba on a much deeper level.The catalyst for a renewed push to the downside could be next month's earnings report, which is expected to be disappointing by all accounts. With the Chinese economy slowing rapidly throughout the quarter, I believe Alibaba will report its first ever negative sales growth as a public company in November.With the risks still outweighing the potential rewards, I believe Alibaba's stock price will fall significantly.Around $50, I'll close my short position and consider a long position.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980095388,"gmtCreate":1665615024044,"gmtModify":1676537634627,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9980095388","repostId":"2274583523","repostType":4,"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917677146,"gmtCreate":1665526348485,"gmtModify":1676537619229,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917677146","repostId":"2274656821","repostType":4,"repost":{"id":"2274656821","pubTimestamp":1665501541,"share":"https://www.laohu8.com/m/news/2274656821?lang=&edition=full","pubTime":"2022-10-11 23:19","market":"us","language":"en","title":"3 Stocks to Avoid This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2274656821","media":"Motley Fool","summary":"These investments seem pretty vulnerable right now.","content":"<html><head></head><body><p>October got off to an encouraging start, but it didn&#39;t take long for the markets to start selling off. Stocks still generally closed out the week higher. The &#34;three stocks to avoid&#34; in my column last week that I thought were going to lose to the market -- <b>Apple</b>, <b>Conagra Brands</b>, and <b>Gold Fields</b> -- rose 1.3%%, 0.7%, and 5.9%, respectively, averaging out to a 2.6% uptick.</p><p>The <b>S&amp;P 500</b> experienced a 1.5% move lower, better than two of the three stocks but still short of the overall return. I was wrong. I have, though, been right in 32 of the past 51 weeks, or 63% of the time.</p><p>Now let&#39;s look at the week ahead. I see <b><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a></b>, <b>Blue Apron</b>, and, again, Gold Fields as stocks you might want to consider steering clear of this week. Let&#39;s go over my near-term concerns with all three investments.</p><h2><b>1. Walgreens Boots Alliance</b></h2><p>It isn&#39;t easy being a drugstore operator these days. New platforms are upending and undercutting the way we fulfill prescriptions. E-commerce and third-party delivery apps are eating away at the need to drive to a drugstore for stocked essentials. It&#39;s against this grim backdrop that Walgreens Boots Alliance will step up to deliver financial results this week for the quarter that ended in August.</p><p>On the surface it may seem insane to bet against Walgreens Boots Alliance at this point. The stock hit a new 10-year low on Friday, and it&#39;s now trading for just five times trailing earnings. The stock is yielding a record high of 6.2%. This could make it a magnet for income-chasing value investors, but you may want to wait until it announces its quarterly results this week. Analysts see revenue and earnings per share declining 6% and 34%, respectively.</p><p>Analysts see revenue recovering next year, but Wall Street&#39;s eyeing just 1% growth. The bottom line is expected to keep shrinking, and it&#39;s easy to see why. This is a highly leveraged company. Having more than $38 billion in debt is a bad look heading into a time where refinancing rates are skyrocketing. Walgreens Boots Alliance may seem like a smart idea at five times trailing earnings, but would you say the same if I told you that it&#39;s fetching seven times forward earnings? The fundamentals are going to the wrong way.</p><h2><b>2. Blue Apron</b></h2><p>One of last week&#39;s biggest losers was Blue Apron. The pioneer of home-delivered meal kits shed more than half of its value, down 56% after announcing a stock offering. You may not think announcing a modest $15 million at-the-market equity offering would result in the shedding of more than $100 million in market cap, but think about it. If the news sank the stock and Blue Apron went on with the offering anyway, it&#39;s a sign of how desperate it has become for liquidity.</p><p>There&#39;s a lot going wrong here. Growth is a missing ingredient, as revenue has failed to top a 2% year-over-year gain in each of the last four years. Losses are mounting, and Blue Apron has posted a larger deficit than analysts were expecting in at least the last four quarters. With too many competitors promoting aggressively to win their way into your kitchen, this is not going to be moneymaker for investors in the near term.</p><h2><b>3. Gold Fields</b></h2><p>I went with Gold Fields last week because I felt gold miners would slip if the market bounced back in October. I got the second part right. Stocks did bounce back. Unfortunately for this particular call, gold prices moved even higher. It also only helped Gold Fields that it would schedule a shareholder meeting to vote on a pending deal for a Canadian gold miner that was initially valued at $6.7 billion.</p><p>Gold isn&#39;t an inverse market fund. It may be a flight to safety when there&#39;s turmoil, but the shiny previous metal has still lost value this year. I still think investors will rotate out of gold if this early October rally continues into the new trading week.</p><p>It&#39;s going to be a bumpy road for some of these investments. If you&#39;re looking for safe stocks, you aren&#39;t likely to find them in Walgreens, Blue Apron, and Gold Fields this week.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks to Avoid This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks to Avoid This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-11 23:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/10/3-stocks-to-avoid-this-week/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>October got off to an encouraging start, but it didn't take long for the markets to start selling off. Stocks still generally closed out the week higher. The \"three stocks to avoid\" in my column last ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/10/3-stocks-to-avoid-this-week/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GFI":"金田","APRN":"Blue Apron Holdings Inc.","WBA":"沃尔格林联合博姿"},"source_url":"https://www.fool.com/investing/2022/10/10/3-stocks-to-avoid-this-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274656821","content_text":"October got off to an encouraging start, but it didn't take long for the markets to start selling off. Stocks still generally closed out the week higher. The \"three stocks to avoid\" in my column last week that I thought were going to lose to the market -- Apple, Conagra Brands, and Gold Fields -- rose 1.3%%, 0.7%, and 5.9%, respectively, averaging out to a 2.6% uptick.The S&P 500 experienced a 1.5% move lower, better than two of the three stocks but still short of the overall return. I was wrong. I have, though, been right in 32 of the past 51 weeks, or 63% of the time.Now let's look at the week ahead. I see Walgreens Boots Alliance, Blue Apron, and, again, Gold Fields as stocks you might want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.1. Walgreens Boots AllianceIt isn't easy being a drugstore operator these days. New platforms are upending and undercutting the way we fulfill prescriptions. E-commerce and third-party delivery apps are eating away at the need to drive to a drugstore for stocked essentials. It's against this grim backdrop that Walgreens Boots Alliance will step up to deliver financial results this week for the quarter that ended in August.On the surface it may seem insane to bet against Walgreens Boots Alliance at this point. The stock hit a new 10-year low on Friday, and it's now trading for just five times trailing earnings. The stock is yielding a record high of 6.2%. This could make it a magnet for income-chasing value investors, but you may want to wait until it announces its quarterly results this week. Analysts see revenue and earnings per share declining 6% and 34%, respectively.Analysts see revenue recovering next year, but Wall Street's eyeing just 1% growth. The bottom line is expected to keep shrinking, and it's easy to see why. This is a highly leveraged company. Having more than $38 billion in debt is a bad look heading into a time where refinancing rates are skyrocketing. Walgreens Boots Alliance may seem like a smart idea at five times trailing earnings, but would you say the same if I told you that it's fetching seven times forward earnings? The fundamentals are going to the wrong way.2. Blue ApronOne of last week's biggest losers was Blue Apron. The pioneer of home-delivered meal kits shed more than half of its value, down 56% after announcing a stock offering. You may not think announcing a modest $15 million at-the-market equity offering would result in the shedding of more than $100 million in market cap, but think about it. If the news sank the stock and Blue Apron went on with the offering anyway, it's a sign of how desperate it has become for liquidity.There's a lot going wrong here. Growth is a missing ingredient, as revenue has failed to top a 2% year-over-year gain in each of the last four years. Losses are mounting, and Blue Apron has posted a larger deficit than analysts were expecting in at least the last four quarters. With too many competitors promoting aggressively to win their way into your kitchen, this is not going to be moneymaker for investors in the near term.3. Gold FieldsI went with Gold Fields last week because I felt gold miners would slip if the market bounced back in October. I got the second part right. Stocks did bounce back. Unfortunately for this particular call, gold prices moved even higher. It also only helped Gold Fields that it would schedule a shareholder meeting to vote on a pending deal for a Canadian gold miner that was initially valued at $6.7 billion.Gold isn't an inverse market fund. It may be a flight to safety when there's turmoil, but the shiny previous metal has still lost value this year. I still think investors will rotate out of gold if this early October rally continues into the new trading week.It's going to be a bumpy road for some of these investments. If you're looking for safe stocks, you aren't likely to find them in Walgreens, Blue Apron, and Gold Fields this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915280570,"gmtCreate":1665045148690,"gmtModify":1676537548908,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9915280570","repostId":"2273840514","repostType":4,"repost":{"id":"2273840514","pubTimestamp":1665044703,"share":"https://www.laohu8.com/m/news/2273840514?lang=&edition=full","pubTime":"2022-10-06 16:25","market":"us","language":"en","title":"Tesla: Agree To Buy At $200, Get Instant 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=2273840514","media":"Seeking Alpha","summary":"Return:The premium collected  for setting aside $20,000 represents a 3% return for a month. This is a handy return anytime and even more so in the current market environment. At this time, the market assigns at 77.20% probability that Tesla remains above $200 by expiration on November 4th. To reiterate the impact of the recent stock split, the same transaction would have required $60,000 to be set aside as we'd have been talking about a $600 strike price. Granted, the premium returns would be hi","content":"<html><head></head><body><h2>Summary</h2><ul><li>A 10% haircut after losing 36% from highs makes Tesla more attractive.</li><li>This article explains why $200 is attractive to us.</li><li>Always be aware of your risks when dealing with options. Play safe.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7f3cb26254a710c00fc93610b6f816b\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>jetcityimage</span></p><p>Tesla (NASDAQ:TSLA) lost nearly 10% of its stock price recently after deliveries underwhelmed as Seeking Alpha has covered here. These are strange times for the stock market as companies that are worth a Trillion lose in oneday what most companies are not even worth in their lifetime. Keep in mind, Tesla lost nearly 10% on a day the market rebounded. If the recent sentiment prevails on Tesla (as we are betting), then the next few red days for the market will be much harder for Tesla longs. But, with such pain come opportunities for those who can stomach the wild rides.</p><p>The stock is rebounding a bit in premarket due to the general market mood and the news that Cathy Wood dipped into the sell-off. But we strongly believe the next few days will provide some juicy opportunities for those willing to sell cash-secured puts. Tesla&#39;s recent stock split makes these transactions a lot easier for retail investors. Before the recent 3:1 split, selling a single contract for 100 shares would have required three times the capital to be set aside. Let us use the chain below as an example and see how things look now post-split.</p><h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/169ef27872a01b2f4e10b8f2bbb3595a\" tg-width=\"640\" tg-height=\"149\" referrerpolicy=\"no-referrer\"/><span>TSLA Option Chain (Think or Swim)</span></p>Key data points</h2><ul><li>Strike Price: $200</li><li>Expiration Date: November 4th, 2022, exactly a month from today.</li><li>Premium: $6/share, for a total of $600.</li></ul><p>In simple words, the put seller collects $600 immediately to buy 100 shares of Tesla at $200 if the stock reaches $200 or below by November 4th, 2022. Bear in mind that time decay is in favor of the option seller, meaning as days go by, the option values decline.</p><h2>What&#39;s the expected return and possible outcomes?</h2><p><b>Return:</b> The premium collected ($600) for setting aside $20,000 represents a 3% return for a month. This is a handy return anytime and even more so in the current market environment. At this time, the market assigns at 77.20% probability that Tesla remains above $200 by expiration on November 4th. To reiterate the impact of the recent stock split, the same transaction would have required $60,000 to be set aside as we&#39;d have been talking about a $600 strike price. Granted, the premium returns would be higher (in dollar), but it is common sense that more investors can afford $20,000 compared to those who can afford $60,000.</p><p><i>Outcome #1:</i> If Tesla stays above $200 by the expiration date, the option seller just retains the premium mentioned above. The option seller will not be obligated to buy the shares.</p><p><i>Outcome #2:</i> If Tesla goes below $200 by the expiration date, the option seller will be forced to buy 100 shares at $200, irrespective of where the stock trades at that time. Keeping the premium netted in mind, the average cost, in this case, will be $194 ($200 minus $6).</p><p><i>Outcome #3:</i> As an option seller, one can &#34;buy to close&#34; anytime instead of waiting till the expiration date. That may be appealing to those who have the time and patience to play short-dated options many times over. But we typically let the option expire before choosing another chain (or another stock).</p><p>Outcome #4: We will write in detail about this in a future article, but we wanted to mention this as many readers of the Amazon (AMZN) article pointed out. An option seller can always roll into future dated options. That is, instead of getting out of the game entirely by following one of the first three outcomes above, you can close the current option and initiate a new chain with a different strike/expiration/premium combination as a single transaction. There are risks and advantages to this as we plan to describe later.</p><h2>Why $200 Looks attractive?</h2><ul><li><b>Trend:</b> Apart from being a nice round number, $200 is about 20% below the current market price, a bear market by itself by definition. That is on top of the 36% already lost from highs, making $200 more than 50% off from highs. In our view, that is a compelling enough pullback for a company that still has many growth avenues in front of it.</li><li><b>Valuation:</b> At $200, Tesla will be trading at a PEG ratio of less than 1. This is based on a forward multiple of 46 [$200 divided by forward EPS of $4.32] and the five year expected growth rate of 55%. As avid followers of Growth at Reasonable Price [GARP] would attest, a PEG of less than 1 makes a stock more attractive.</li><li><b>Technical:</b> From a technical standpoint, $200 has historically offered plenty of support to the stock. As shown in the chart below, the stock has bounced off from $200 level at least five times in the last two years.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0ff7c149c2736d5d318a9f05d5f660af\" tg-width=\"640\" tg-height=\"314\" referrerpolicy=\"no-referrer\"/><span>TSLA Chart (Google Charts)</span></p><h2>Many ways to skin the cat</h2><p>If the $200 strike price and the 3% premium return don&#39;t appeal to you and if you are looking for a higher premium return, consider strike price like the one below. In this example, the options seller agrees to buy 100 shares of Tesla at $220 should the stock reach that by November 4th, while collecting a premium of about $11 per share. That&#39;s a much higher return of 5% return in a month, but the risk the seller takes here is that the strike price is just 10% away from the current market price. One more day like yesterday, and you may be obligated to buy the shares. That is not necessarily a good or bad thing. It just depends on what your priority is.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e27902d5809db65325baf7bd85b6e4f\" tg-width=\"640\" tg-height=\"212\" referrerpolicy=\"no-referrer\"/><span>TSLA Chain (Think or Swim)</span></p><h2>Be aware of your risks and choices</h2><p>Once again, please bear in mind that if your primary interest is in getting premiums, selling puts during down-trending markets may not be the best strategy. If the market blood bath continues, your stock may reach the strike price before you blink. However, if your interest is in acquiring the stock should things fall further, this is a wise strategy. The added income through premium does not hurt either. If you already hold at least 100 shares of Tesla, you may want to consider selling covered call if you understand that strategy. This article explains some basics of it.</p><h2>Conclusion</h2><p>Tesla is a volatile company. TSLA is a volatile stock. Tesla is led by a volatile man. And the market is volatile these days. That makes it a double-double-whammy. In such cases, we tend to prefer lower strike prices. If we do get assigned Tesla at the $200 strike price, we will be glad to hold it for the long term for the reasons mentioned above. But that&#39;s us. What is your opinion of Tesla here? Do you believe it will still be overvalued buying at $200? Please leave your comments and opinions below.</p><p><i>This article is written by Tradevestor for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Agree To Buy At $200, Get Instant 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: Agree To Buy At $200, Get Instant 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-06 16:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4544869-tesla-agree-to-buy-at-200-get-instant-3-percent><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryA 10% haircut after losing 36% from highs makes Tesla more attractive.This article explains why $200 is attractive to us.Always be aware of your risks when dealing with options. Play safe....</p>\n\n<a href=\"https://seekingalpha.com/article/4544869-tesla-agree-to-buy-at-200-get-instant-3-percent\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4544869-tesla-agree-to-buy-at-200-get-instant-3-percent","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273840514","content_text":"SummaryA 10% haircut after losing 36% from highs makes Tesla more attractive.This article explains why $200 is attractive to us.Always be aware of your risks when dealing with options. Play safe.jetcityimageTesla (NASDAQ:TSLA) lost nearly 10% of its stock price recently after deliveries underwhelmed as Seeking Alpha has covered here. These are strange times for the stock market as companies that are worth a Trillion lose in oneday what most companies are not even worth in their lifetime. Keep in mind, Tesla lost nearly 10% on a day the market rebounded. If the recent sentiment prevails on Tesla (as we are betting), then the next few red days for the market will be much harder for Tesla longs. But, with such pain come opportunities for those who can stomach the wild rides.The stock is rebounding a bit in premarket due to the general market mood and the news that Cathy Wood dipped into the sell-off. But we strongly believe the next few days will provide some juicy opportunities for those willing to sell cash-secured puts. Tesla's recent stock split makes these transactions a lot easier for retail investors. Before the recent 3:1 split, selling a single contract for 100 shares would have required three times the capital to be set aside. Let us use the chain below as an example and see how things look now post-split.TSLA Option Chain (Think or Swim)Key data pointsStrike Price: $200Expiration Date: November 4th, 2022, exactly a month from today.Premium: $6/share, for a total of $600.In simple words, the put seller collects $600 immediately to buy 100 shares of Tesla at $200 if the stock reaches $200 or below by November 4th, 2022. Bear in mind that time decay is in favor of the option seller, meaning as days go by, the option values decline.What's the expected return and possible outcomes?Return: The premium collected ($600) for setting aside $20,000 represents a 3% return for a month. This is a handy return anytime and even more so in the current market environment. At this time, the market assigns at 77.20% probability that Tesla remains above $200 by expiration on November 4th. To reiterate the impact of the recent stock split, the same transaction would have required $60,000 to be set aside as we'd have been talking about a $600 strike price. Granted, the premium returns would be higher (in dollar), but it is common sense that more investors can afford $20,000 compared to those who can afford $60,000.Outcome #1: If Tesla stays above $200 by the expiration date, the option seller just retains the premium mentioned above. The option seller will not be obligated to buy the shares.Outcome #2: If Tesla goes below $200 by the expiration date, the option seller will be forced to buy 100 shares at $200, irrespective of where the stock trades at that time. Keeping the premium netted in mind, the average cost, in this case, will be $194 ($200 minus $6).Outcome #3: As an option seller, one can \"buy to close\" anytime instead of waiting till the expiration date. That may be appealing to those who have the time and patience to play short-dated options many times over. But we typically let the option expire before choosing another chain (or another stock).Outcome #4: We will write in detail about this in a future article, but we wanted to mention this as many readers of the Amazon (AMZN) article pointed out. An option seller can always roll into future dated options. That is, instead of getting out of the game entirely by following one of the first three outcomes above, you can close the current option and initiate a new chain with a different strike/expiration/premium combination as a single transaction. There are risks and advantages to this as we plan to describe later.Why $200 Looks attractive?Trend: Apart from being a nice round number, $200 is about 20% below the current market price, a bear market by itself by definition. That is on top of the 36% already lost from highs, making $200 more than 50% off from highs. In our view, that is a compelling enough pullback for a company that still has many growth avenues in front of it.Valuation: At $200, Tesla will be trading at a PEG ratio of less than 1. This is based on a forward multiple of 46 [$200 divided by forward EPS of $4.32] and the five year expected growth rate of 55%. As avid followers of Growth at Reasonable Price [GARP] would attest, a PEG of less than 1 makes a stock more attractive.Technical: From a technical standpoint, $200 has historically offered plenty of support to the stock. As shown in the chart below, the stock has bounced off from $200 level at least five times in the last two years.TSLA Chart (Google Charts)Many ways to skin the catIf the $200 strike price and the 3% premium return don't appeal to you and if you are looking for a higher premium return, consider strike price like the one below. In this example, the options seller agrees to buy 100 shares of Tesla at $220 should the stock reach that by November 4th, while collecting a premium of about $11 per share. That's a much higher return of 5% return in a month, but the risk the seller takes here is that the strike price is just 10% away from the current market price. One more day like yesterday, and you may be obligated to buy the shares. That is not necessarily a good or bad thing. It just depends on what your priority is.TSLA Chain (Think or Swim)Be aware of your risks and choicesOnce again, please bear in mind that if your primary interest is in getting premiums, selling puts during down-trending markets may not be the best strategy. If the market blood bath continues, your stock may reach the strike price before you blink. However, if your interest is in acquiring the stock should things fall further, this is a wise strategy. The added income through premium does not hurt either. If you already hold at least 100 shares of Tesla, you may want to consider selling covered call if you understand that strategy. This article explains some basics of it.ConclusionTesla is a volatile company. TSLA is a volatile stock. Tesla is led by a volatile man. And the market is volatile these days. That makes it a double-double-whammy. In such cases, we tend to prefer lower strike prices. If we do get assigned Tesla at the $200 strike price, we will be glad to hold it for the long term for the reasons mentioned above. But that's us. What is your opinion of Tesla here? Do you believe it will still be overvalued buying at $200? Please leave your comments and opinions below.This article is written by Tradevestor for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916715951,"gmtCreate":1664679037274,"gmtModify":1676537493224,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9916715951","repostId":"1155119620","repostType":4,"repost":{"id":"1155119620","pubTimestamp":1664810520,"share":"https://www.laohu8.com/m/news/1155119620?lang=&edition=full","pubTime":"2022-10-03 23:22","market":"us","language":"en","title":"Apple: Hello Recession","url":"https://stock-news.laohu8.com/highlight/detail?id=1155119620","media":"Seeking Alpha","summary":"SummaryA friendly reminder that AAPL will be reporting its FQ4'22 earnings on 27 October 2022.It seems that this giant could not escape the dreary recession party, just in time for the upcoming Hallow","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>A friendly reminder that AAPL will be reporting its FQ4&#39;22 earnings on 27 October 2022.</li><li>It seems that this giant could not escape the dreary recession party, just in time for the upcoming Halloween.</li><li>If the reports were indeed true, we might see the company report impacted earnings for H2&#39;22.</li><li>That would put more downward pressure on the stock performance of the world&#39;s largest market cap company, which has been greatly see-sawing for the past year.</li><li>Tragic indeed, since we were more hopeful.</li></ul><p><b>Investment Thesis</b></p><p>Apple&#39;s (NASDAQ:AAPL) throne as the world&#39;s most valuable company seems a little shaky, with the onslaught of negative news thus far. The company had to cut itsiPhone14 production output by -6.66%, back to its original plan of 90M handsets, similar to previous releases. On one hand, we expect some of those headwinds to be well balanced by the robust demand for its premium models, compensating for the lost volume with higher margins. On the other hand, it is apparent that the rising inflation, record high oil/gas prices, China&#39;s economic slump (one of AAPL&#39;s best markets), and geopolitical issues in the EU are impacting consumers&#39; discretionary spending, with the global smartphone market expected to deflate by -6.5% in 2022 to 1.27B units instead.</p><p>It remains to be seen if the Cupertino giant will suffer financially during this economic downturn, since the previous recession in 2008 had impacted AAPL&#39;s top and bottom lines growth to a certain extent. The company reported a notable YoY growth of 14.4% in revenues and 34.69% in net incomes for FY2009, compared to 52.5% and 75.07% in FY2009. The recessionary impacts were considerably mild then, since consumer discretionary spending remained relatively robust for the company.</p><p>Nonetheless, we are already starting to see some stock weaknesses. AAPL has continuously failed to break its resistance level at the $180s and, consequently, lost -22.10% of its value from its peak levels in March and August 2022. The S&amp;P 500 Index had also plunged by -24.10% YTD, indicating peak market pessimism and fear levels. During the previous recession, both stocks had tanked, with AAPL reporting a -52.21% plunge and the S&amp;P 500 a -43.37% plunge between August and December 2008.</p><p>However, all hope is not lost, since the September CPI released in early October may provide the potential catalyst for the stock market&#39;s recovery, due to the Fed&#39;s projected terminal rate of4.6% by 2023. This potentially indicates a 75 basis point hike in November, with January 2023 moderating with a 50 basis point hike. Therefore, we may speculatively assume that most of the pessimism is already baked in, barring an earnings miss ahead. We shall see.</p><p><b>Mr. Market Is Still Hopeful About This Last Frontier</b><img src=\"https://static.tigerbbs.com/6e6e5a1cae35b8931343e48558a302b0\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>For FQ4&#39;22, AAPL is expected to report revenues of $88.74B and operating margins of 27.4%, representing an increase of 6.96% though a moderation of 0.4 percentage points QoQ, respectively. Otherwise, an increase of 6.45% and a decline of -1.1 percentage points YoY, respectively, with the latter attributed to the rising costs. It remains to be seen if AAPL will be able to achieve its previous guidance of accelerated sales and gross margins between 41.5% to 42.5% for FQ4&#39;22.</p><p>In contrast, consensus estimates that AAPL will report net incomes of $20.37B and net income margins of 23% for the upcoming quarter, indicating certain headwinds to its profitability, with a minimal increase of 4.78% and a decline of -0.4 percentage points QoQ, respectively. Otherwise, a notable decline of -0.87% and -1.7 percentage points YoY, respectively. With an estimated EPS of $1.27 for FQ4&#39;22, AAPL would be looking at a decent 5.83% QoQ and 2.07% YoY growth. It might just be enough to satisfy Mr. Market&#39;s highly pessimistic outlook, preserving its cult stock status ahead.</p><p><img src=\"https://static.tigerbbs.com/4647325ee184db498185ed216ae70003\" tg-width=\"640\" tg-height=\"354\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>Nonetheless, Mr. Market is cautiously confident about AAPL&#39;s projected cash flow, with a Free Cash Flow (FCF) generation of $21.89B and an FCF margin of 24.6% in FQ4&#39;22. It indicated a decent improvement of 5.29% and -0.5 percentage points QoQ, respectively. Otherwise, massive YoY growth of 28.91% and 4.2 percentage points, respectively. AAPL&#39;s chances of success would be higher as well, assuming aggressive cost cuts across the board. We shall see, given the historical trend of elevated capital expenditures thus far, especially in FQ4s.</p><p><img src=\"https://static.tigerbbs.com/2272b2e2674db1028a34156cdb527164\" tg-width=\"640\" tg-height=\"354\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>Over the next four years, AAPL is expected to report revenue and net income growth at a CAGR of 5.19% and 2.98%, respectively. For now, Mr. Market remains somewhat positive, since these long-term projections and FY2022 estimates remain in line since our previous analysis in August, though slightly discounted by -2.9% since May 2022. Its upcoming earnings call will make or break AAPL&#39;s stock performance, as the EU enters its first winter without Russian gas and the Feds continue to fight against the rising inflation through 2023.</p><p>In the meantime, we encourage you to read our previous article on AAPL, which would help you better understand its position and market opportunities.</p><ul><li>Apple Vs. Meta: Battle Of The Mixed Reality</li><li>AnAppleA Day Keeps The Portfolio Healthy (And Potentially, Recession At Bay)</li><li>CanAppleBe The New Tesla - Smartphone On Wheels By 2025?</li></ul><p><b>So, Is AAPL Stock A Buy, Sell, Or Hold?AAPL 5Y EV/Revenue and P/E Valuations</b><img src=\"https://static.tigerbbs.com/a36ca45afe53753e7a5a6854436f2769\" tg-width=\"640\" tg-height=\"253\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>AAPL is currently trading at an EV/NTM Revenue of 5.81x and NTM P/E of 22.92x, higher than its 5Y mean of 4.63x and 21.94x, respectively. The stock is also trading at $142.84, down -21.91% from its 52 weeks high of $182.94, though at a premium of 10.69% from its 52 weeks low of $129.04. With a consensus estimate price target of $188.22, it is apparent that there is still a notable 32.10% upside from current prices</p><p><b>AAPL &amp; SPY 5Y/1Y Stock Price</b></p><p><img src=\"https://static.tigerbbs.com/2c1e569f2277b0630924e459640a4bc9\" tg-width=\"640\" tg-height=\"167\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>Both stocks also have had a relatively interesting co-existing relationship in their performance thus far, naturally, since AAPL accounts for 7.1% of the S&amp;P 500 Index weighting. While APPL obviously had better returns thus far for the past 5Y at 289.6% and 10Y at 597.4%, the S&amp;P 500 has also fared comparatively decent with 57.4% and 204.2%, respectively. These numbers are impressive, given that many other stocks have been decimated thus far.</p><p>With the stocks trading below their 50 and 100-day moving averages, both look relatively attractive, considering the massive returns upon market recovery by Q1&#39;23. Naturally, the market will always be full of pitfalls for anyone who tries to pitch the perfect timing, since there may still be some downsides from current levels. As a result, investors with higher risk tolerances may consider nibbling at these levels, fully understanding the great importance of AAPL through the next decade.</p><p>Otherwise, conservative investors (like myself) will be waiting for more clarity from its upcoming earnings call, since the whole market seems to be heading for destruction one way or another. With little catalyst for short-term recovery, the AAPL stock will be testing the June lows of $130s over the next week or so. If that support level is breached, my oh my, we are in for a catastrophic rollercoaster ride indeed. Good luck all.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Hello Recession</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: Hello Recession\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4543980-apple-hello-recession><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryA friendly reminder that AAPL will be reporting its FQ4'22 earnings on 27 October 2022.It seems that this giant could not escape the dreary recession party, just in time for the upcoming ...</p>\n\n<a href=\"https://seekingalpha.com/article/4543980-apple-hello-recession\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4543980-apple-hello-recession","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155119620","content_text":"SummaryA friendly reminder that AAPL will be reporting its FQ4'22 earnings on 27 October 2022.It seems that this giant could not escape the dreary recession party, just in time for the upcoming Halloween.If the reports were indeed true, we might see the company report impacted earnings for H2'22.That would put more downward pressure on the stock performance of the world's largest market cap company, which has been greatly see-sawing for the past year.Tragic indeed, since we were more hopeful.Investment ThesisApple's (NASDAQ:AAPL) throne as the world's most valuable company seems a little shaky, with the onslaught of negative news thus far. The company had to cut itsiPhone14 production output by -6.66%, back to its original plan of 90M handsets, similar to previous releases. On one hand, we expect some of those headwinds to be well balanced by the robust demand for its premium models, compensating for the lost volume with higher margins. On the other hand, it is apparent that the rising inflation, record high oil/gas prices, China's economic slump (one of AAPL's best markets), and geopolitical issues in the EU are impacting consumers' discretionary spending, with the global smartphone market expected to deflate by -6.5% in 2022 to 1.27B units instead.It remains to be seen if the Cupertino giant will suffer financially during this economic downturn, since the previous recession in 2008 had impacted AAPL's top and bottom lines growth to a certain extent. The company reported a notable YoY growth of 14.4% in revenues and 34.69% in net incomes for FY2009, compared to 52.5% and 75.07% in FY2009. The recessionary impacts were considerably mild then, since consumer discretionary spending remained relatively robust for the company.Nonetheless, we are already starting to see some stock weaknesses. AAPL has continuously failed to break its resistance level at the $180s and, consequently, lost -22.10% of its value from its peak levels in March and August 2022. The S&P 500 Index had also plunged by -24.10% YTD, indicating peak market pessimism and fear levels. During the previous recession, both stocks had tanked, with AAPL reporting a -52.21% plunge and the S&P 500 a -43.37% plunge between August and December 2008.However, all hope is not lost, since the September CPI released in early October may provide the potential catalyst for the stock market's recovery, due to the Fed's projected terminal rate of4.6% by 2023. This potentially indicates a 75 basis point hike in November, with January 2023 moderating with a 50 basis point hike. Therefore, we may speculatively assume that most of the pessimism is already baked in, barring an earnings miss ahead. We shall see.Mr. Market Is Still Hopeful About This Last FrontierS&P Capital IQFor FQ4'22, AAPL is expected to report revenues of $88.74B and operating margins of 27.4%, representing an increase of 6.96% though a moderation of 0.4 percentage points QoQ, respectively. Otherwise, an increase of 6.45% and a decline of -1.1 percentage points YoY, respectively, with the latter attributed to the rising costs. It remains to be seen if AAPL will be able to achieve its previous guidance of accelerated sales and gross margins between 41.5% to 42.5% for FQ4'22.In contrast, consensus estimates that AAPL will report net incomes of $20.37B and net income margins of 23% for the upcoming quarter, indicating certain headwinds to its profitability, with a minimal increase of 4.78% and a decline of -0.4 percentage points QoQ, respectively. Otherwise, a notable decline of -0.87% and -1.7 percentage points YoY, respectively. With an estimated EPS of $1.27 for FQ4'22, AAPL would be looking at a decent 5.83% QoQ and 2.07% YoY growth. It might just be enough to satisfy Mr. Market's highly pessimistic outlook, preserving its cult stock status ahead.S&P Capital IQNonetheless, Mr. Market is cautiously confident about AAPL's projected cash flow, with a Free Cash Flow (FCF) generation of $21.89B and an FCF margin of 24.6% in FQ4'22. It indicated a decent improvement of 5.29% and -0.5 percentage points QoQ, respectively. Otherwise, massive YoY growth of 28.91% and 4.2 percentage points, respectively. AAPL's chances of success would be higher as well, assuming aggressive cost cuts across the board. We shall see, given the historical trend of elevated capital expenditures thus far, especially in FQ4s.S&P Capital IQOver the next four years, AAPL is expected to report revenue and net income growth at a CAGR of 5.19% and 2.98%, respectively. For now, Mr. Market remains somewhat positive, since these long-term projections and FY2022 estimates remain in line since our previous analysis in August, though slightly discounted by -2.9% since May 2022. Its upcoming earnings call will make or break AAPL's stock performance, as the EU enters its first winter without Russian gas and the Feds continue to fight against the rising inflation through 2023.In the meantime, we encourage you to read our previous article on AAPL, which would help you better understand its position and market opportunities.Apple Vs. Meta: Battle Of The Mixed RealityAnAppleA Day Keeps The Portfolio Healthy (And Potentially, Recession At Bay)CanAppleBe The New Tesla - Smartphone On Wheels By 2025?So, Is AAPL Stock A Buy, Sell, Or Hold?AAPL 5Y EV/Revenue and P/E ValuationsS&P Capital IQAAPL is currently trading at an EV/NTM Revenue of 5.81x and NTM P/E of 22.92x, higher than its 5Y mean of 4.63x and 21.94x, respectively. The stock is also trading at $142.84, down -21.91% from its 52 weeks high of $182.94, though at a premium of 10.69% from its 52 weeks low of $129.04. With a consensus estimate price target of $188.22, it is apparent that there is still a notable 32.10% upside from current pricesAAPL & SPY 5Y/1Y Stock PriceS&P Capital IQBoth stocks also have had a relatively interesting co-existing relationship in their performance thus far, naturally, since AAPL accounts for 7.1% of the S&P 500 Index weighting. While APPL obviously had better returns thus far for the past 5Y at 289.6% and 10Y at 597.4%, the S&P 500 has also fared comparatively decent with 57.4% and 204.2%, respectively. These numbers are impressive, given that many other stocks have been decimated thus far.With the stocks trading below their 50 and 100-day moving averages, both look relatively attractive, considering the massive returns upon market recovery by Q1'23. Naturally, the market will always be full of pitfalls for anyone who tries to pitch the perfect timing, since there may still be some downsides from current levels. As a result, investors with higher risk tolerances may consider nibbling at these levels, fully understanding the great importance of AAPL through the next decade.Otherwise, conservative investors (like myself) will be waiting for more clarity from its upcoming earnings call, since the whole market seems to be heading for destruction one way or another. With little catalyst for short-term recovery, the AAPL stock will be testing the June lows of $130s over the next week or so. If that support level is breached, my oh my, we are in for a catastrophic rollercoaster ride indeed. Good luck all.","news_type":1},"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916854710,"gmtCreate":1664578830331,"gmtModify":1676537478228,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9916854710","repostId":"2270894817","repostType":4,"repost":{"id":"2270894817","pubTimestamp":1664549960,"share":"https://www.laohu8.com/m/news/2270894817?lang=&edition=full","pubTime":"2022-09-30 22:59","market":"us","language":"en","title":"Want to Get Richer? 2 Top Stocks to Buy Now and Hold Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2270894817","media":"Motley Fool","summary":"It's not too late to invest in these well-established market beaters.","content":"<html><head></head><body><p>Few growth stocks have escaped the recent market downturn. And with the Federal Reserve increasing interest rates, growth-oriented companies may face a difficult road ahead. Higher rates make it costlier to borrow money, contributing to lower potential future earnings for corporations and affecting the performance of equities, especially those considered less safe.</p><p>Thankfully, that&#39;s not a death sentence for all growth stocks. Those that have been leaders in their respective fields for a while, possess a strong moat, and still have solid opportunities to exploit will be just fine. Here are two companies that fit this description: <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> and <a href=\"https://laohu8.com/S/V\">Visa</a>. These stocks are worth holding forever.</p><p><img src=\"https://static.tigerbbs.com/16e3b98acbbc8009f33eac8f7b520ea7\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>MSFT data by YCharts</p><h2>1. <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></h2><p>Microsoft squarely features on the list of companies whose services people use every day. It remains the leader in the market for computer operating systems (OS) by a wide margin, with a roughly 76% share of the desktop OS space as of June. Of course, Microsoft&#39;s business is much larger than that. The company is also present in gaming, and it offers various cloud-based services.</p><p>While it doesn&#39;t enjoy the kind of dominance in these two other segments that it does in computer OS, it is one of the leaders within these markets. Still, Microsoft&#39;s robust business hasn&#39;t allowed it to escape the recent sell-off.</p><p>On the one hand, revenue growth slowed compared to last year. In its latest quarter, the fourth of its fiscal year 2022, ending on June 30, the company&#39;s revenue increased by 12% year over year to $51.9 billion. But Microsoft&#39;s current top-line growth rates aren&#39;t that abnormal by the standards it has set over the past decade.</p><p><img src=\"https://static.tigerbbs.com/a81de9c3ec29b00e8c7393d1527c1faf\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><p>MSFT Revenue (Quarterly YoY Growth) data by YCharts</p><p>The company&#39;s quarterly earnings per share (EPS) increased by 3% year over year to $2.23. Further, the tech giant remains a cash-generating machine -- with a current free cash flow of $65.2 billion. Overall, Microsoft&#39;s financial results haven&#39;t been that bad, despite what its stock market performance this year would suggest.</p><p>The company is poised to bounce back thanks to its strong competitive edge and, of course, its booming cloud business. Microsoft is one of the most recognizable and valuable brands on the planet. Customers gravitate toward companies they know and trust, and Microsoft fits the bill.</p><p>That grants the company a solid advantage as it will allow it to continue attracting customers thanks to its brand name. That&#39;s before we mention Microsoft&#39;s high switching costs. Businesses depend on the company&#39;s various productivity tools and cloud-based services that enable them to run their day-to-day operations as smoothly as possible, making Microsoft&#39;s services an essential part of their success.</p><p>The company&#39;s cloud unit, Microsoft Azure, is the second largest around. In its latest quarter, Azure&#39;s revenue grew by a much more impressive 40% year over year. The cloud industry is on a long and rapid growth path. With the cash it generates, Microsoft can continue investing in this business unit in which it will almost certainly remain a leader.</p><p>That, combined with its other units and moat, makes Microsoft a solid tech stock to buy and forget.</p><h2>2. <a href=\"https://laohu8.com/S/V\">Visa</a></h2><p>Visa makes money everytime anyone uses a card that bears its logo, which is many times a day. The company helps facilitate credit card transactions, a business model that has worked wonders. Visa is so successful that the number of meaningful direct competitors it has can be counted on one hand.</p><p>Since Visa&#39;s business largely depends on people spending money, the company is sensitive to macroeconomic (and other) headwinds that may cause a decrease in consumer activity. Perhaps that&#39;s why Visa stock is down this year, although the company has outperformed the broader market.</p><p>Of note, Visa is performing well despite the economy it faces. During the third quarter of its fiscal year 2022, ending June 30, the company&#39;s revenue jumped by 19% year over year to $7.3 billion. EPS jumped by 36% year over year to $1.60. Visa currently has $16.1 billion in free cash flow.</p><p>While it sometimes seems as though cash and checks have disappeared and credit and debit cards have entirely taken over, that isn&#39;t quite the case yet. According to management, Visa is targeting an $18 trillion opportunity to replace cash and check transactions, which, assuming global cash consumption expands at a compound annual growth rate of 1% annually, wouldn&#39;t happen for decades.</p><p>As far as its competitive advantage is concerned, Visa benefits from the network effect -- the value of its service grows as more people use it. The more businesses are plugged into its network, the more it is attractive to consumers, and vice-versa. Visa could be subject to legal problems, as some lawmakers have proposed legislation that could disrupt the duopoly it shares with <b>Mastercard</b>.</p><p>That is something investors should keep in mind, but even with this caveat, Visa looks like a solid long-term winner.</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>Want to Get Richer? 2 Top Stocks to Buy Now and Hold Forever</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\">\nWant to Get Richer? 2 Top Stocks to Buy Now and Hold Forever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-30 22:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/28/want-to-get-richer-2-top-stocks-to-buy-now-and-hol/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Few growth stocks have escaped the recent market downturn. And with the Federal Reserve increasing interest rates, growth-oriented companies may face a difficult road ahead. Higher rates make it ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/28/want-to-get-richer-2-top-stocks-to-buy-now-and-hol/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","V":"Visa"},"source_url":"https://www.fool.com/investing/2022/09/28/want-to-get-richer-2-top-stocks-to-buy-now-and-hol/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2270894817","content_text":"Few growth stocks have escaped the recent market downturn. And with the Federal Reserve increasing interest rates, growth-oriented companies may face a difficult road ahead. Higher rates make it costlier to borrow money, contributing to lower potential future earnings for corporations and affecting the performance of equities, especially those considered less safe.Thankfully, that's not a death sentence for all growth stocks. Those that have been leaders in their respective fields for a while, possess a strong moat, and still have solid opportunities to exploit will be just fine. Here are two companies that fit this description: Microsoft and Visa. These stocks are worth holding forever.MSFT data by YCharts1. MicrosoftMicrosoft squarely features on the list of companies whose services people use every day. It remains the leader in the market for computer operating systems (OS) by a wide margin, with a roughly 76% share of the desktop OS space as of June. Of course, Microsoft's business is much larger than that. The company is also present in gaming, and it offers various cloud-based services.While it doesn't enjoy the kind of dominance in these two other segments that it does in computer OS, it is one of the leaders within these markets. Still, Microsoft's robust business hasn't allowed it to escape the recent sell-off.On the one hand, revenue growth slowed compared to last year. In its latest quarter, the fourth of its fiscal year 2022, ending on June 30, the company's revenue increased by 12% year over year to $51.9 billion. But Microsoft's current top-line growth rates aren't that abnormal by the standards it has set over the past decade.MSFT Revenue (Quarterly YoY Growth) data by YChartsThe company's quarterly earnings per share (EPS) increased by 3% year over year to $2.23. Further, the tech giant remains a cash-generating machine -- with a current free cash flow of $65.2 billion. Overall, Microsoft's financial results haven't been that bad, despite what its stock market performance this year would suggest.The company is poised to bounce back thanks to its strong competitive edge and, of course, its booming cloud business. Microsoft is one of the most recognizable and valuable brands on the planet. Customers gravitate toward companies they know and trust, and Microsoft fits the bill.That grants the company a solid advantage as it will allow it to continue attracting customers thanks to its brand name. That's before we mention Microsoft's high switching costs. Businesses depend on the company's various productivity tools and cloud-based services that enable them to run their day-to-day operations as smoothly as possible, making Microsoft's services an essential part of their success.The company's cloud unit, Microsoft Azure, is the second largest around. In its latest quarter, Azure's revenue grew by a much more impressive 40% year over year. The cloud industry is on a long and rapid growth path. With the cash it generates, Microsoft can continue investing in this business unit in which it will almost certainly remain a leader.That, combined with its other units and moat, makes Microsoft a solid tech stock to buy and forget.2. VisaVisa makes money everytime anyone uses a card that bears its logo, which is many times a day. The company helps facilitate credit card transactions, a business model that has worked wonders. Visa is so successful that the number of meaningful direct competitors it has can be counted on one hand.Since Visa's business largely depends on people spending money, the company is sensitive to macroeconomic (and other) headwinds that may cause a decrease in consumer activity. Perhaps that's why Visa stock is down this year, although the company has outperformed the broader market.Of note, Visa is performing well despite the economy it faces. During the third quarter of its fiscal year 2022, ending June 30, the company's revenue jumped by 19% year over year to $7.3 billion. EPS jumped by 36% year over year to $1.60. Visa currently has $16.1 billion in free cash flow.While it sometimes seems as though cash and checks have disappeared and credit and debit cards have entirely taken over, that isn't quite the case yet. According to management, Visa is targeting an $18 trillion opportunity to replace cash and check transactions, which, assuming global cash consumption expands at a compound annual growth rate of 1% annually, wouldn't happen for decades.As far as its competitive advantage is concerned, Visa benefits from the network effect -- the value of its service grows as more people use it. The more businesses are plugged into its network, the more it is attractive to consumers, and vice-versa. Visa could be subject to legal problems, as some lawmakers have proposed legislation that could disrupt the duopoly it shares with Mastercard.That is something investors should keep in mind, but even with this caveat, Visa looks like a solid long-term winner.","news_type":1},"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916029964,"gmtCreate":1664491106359,"gmtModify":1676537463060,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9916029964","repostId":"2271771303","repostType":4,"repost":{"id":"2271771303","pubTimestamp":1664466073,"share":"https://www.laohu8.com/m/news/2271771303?lang=&edition=full","pubTime":"2022-09-29 23:41","market":"us","language":"en","title":"Less Growth Seen for 2023 U.S. Ad Spending","url":"https://stock-news.laohu8.com/highlight/detail?id=2271771303","media":"The Wall Street Journal","summary":"Magna, a media investment firm that conducts industry research, reduced its U.S. advertising growth ","content":"<html><head></head><body><p>Magna, a media investment firm that conducts industry research, reduced its U.S. advertising growth forecast for 2023, saying a weaker economic environment is likely to cut into spending.</p><p>The firm, a unit of Interpublic Group of Cos.&#39; Mediabrands, cut its growth forecast for next year to 4.8% from an earlier prediction of 5.8% in June.</p><p>Despite the less optimistic outlook, certain factors will still underpin advertising growth, according to Vincent Létang, executive vice president of global market intelligence at Magna and author of the company&#39;s reports on ad spending. Among those factors are growing retail media networks bringing marketing budgets into digital advertising, programmatic spending in digital audio and digital out-of-home formats, and new ad-supported tiers from streaming services such as <a href=\"https://laohu8.com/S/DIS\">Disney</a>+ and <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, Mr. Létang said in the report.</p><p>Magna also cut its expectations on nonpolitical ad spending for the second half of this year. The firm said it saw stronger ad sales in the first half than it had estimated in June as well as stronger-than-expected political spending. But it added that the uncertain economy would lead some sectors to spend less than they might have in the second half.</p><p>Ad growth for all of 2022 will come in at 9.8%, Magna said, less than the 11.1% forecast in June.</p><p>Excluding cyclical political and international sports events, ad spending this year will grow 8.1%, Magna anticipated, down from the 9.5% increase it predicted in June.</p><p>&#34;Economic uncertainty and rising inflation are affecting several industries and driving brands and local businesses to moderate their marketing expenses in the second half,&#34; Magna said.</p><p>Items like food, drinks, personal care and household goods &#34;are especially at risk as they are forced to increase product prices and face the possibility of consumers trading down in favor of cheaper brands. Restaurants and retail face a similar business challenge while some industries, like mortgage lenders, see their businesses suffer from the rise of interest rates,&#34; Magna said.</p><p>Media owners&#39; U.S. ad revenue will cross the $300 billion mark this year for the first time, reaching an expected $323 billion, Magna forecast.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Less Growth Seen for 2023 U.S. Ad Spending</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\">\nLess Growth Seen for 2023 U.S. Ad Spending\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-29 23:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/less-growth-seen-for-2023-u-s-ad-spending-11664456402?mod=business_minor_pos7><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Magna, a media investment firm that conducts industry research, reduced its U.S. advertising growth forecast for 2023, saying a weaker economic environment is likely to cut into spending.The firm, a ...</p>\n\n<a href=\"https://www.wsj.com/articles/less-growth-seen-for-2023-u-s-ad-spending-11664456402?mod=business_minor_pos7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","NFLX":"奈飞"},"source_url":"https://www.wsj.com/articles/less-growth-seen-for-2023-u-s-ad-spending-11664456402?mod=business_minor_pos7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2271771303","content_text":"Magna, a media investment firm that conducts industry research, reduced its U.S. advertising growth forecast for 2023, saying a weaker economic environment is likely to cut into spending.The firm, a unit of Interpublic Group of Cos.' Mediabrands, cut its growth forecast for next year to 4.8% from an earlier prediction of 5.8% in June.Despite the less optimistic outlook, certain factors will still underpin advertising growth, according to Vincent Létang, executive vice president of global market intelligence at Magna and author of the company's reports on ad spending. Among those factors are growing retail media networks bringing marketing budgets into digital advertising, programmatic spending in digital audio and digital out-of-home formats, and new ad-supported tiers from streaming services such as Disney+ and Netflix, Mr. Létang said in the report.Magna also cut its expectations on nonpolitical ad spending for the second half of this year. The firm said it saw stronger ad sales in the first half than it had estimated in June as well as stronger-than-expected political spending. But it added that the uncertain economy would lead some sectors to spend less than they might have in the second half.Ad growth for all of 2022 will come in at 9.8%, Magna said, less than the 11.1% forecast in June.Excluding cyclical political and international sports events, ad spending this year will grow 8.1%, Magna anticipated, down from the 9.5% increase it predicted in June.\"Economic uncertainty and rising inflation are affecting several industries and driving brands and local businesses to moderate their marketing expenses in the second half,\" Magna said.Items like food, drinks, personal care and household goods \"are especially at risk as they are forced to increase product prices and face the possibility of consumers trading down in favor of cheaper brands. Restaurants and retail face a similar business challenge while some industries, like mortgage lenders, see their businesses suffer from the rise of interest rates,\" Magna said.Media owners' U.S. ad revenue will cross the $300 billion mark this year for the first time, reaching an expected $323 billion, Magna forecast.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9984074124,"gmtCreate":1667515435769,"gmtModify":1676537928673,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9984074124","repostId":"1149171162","repostType":4,"repost":{"id":"1149171162","pubTimestamp":1667488574,"share":"https://www.laohu8.com/m/news/1149171162?lang=&edition=full","pubTime":"2022-11-03 23:16","market":"us","language":"en","title":"Apple's Resilience Is Unjustified - Here Is Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1149171162","media":"seekingalpha","summary":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, lar","content":"<html><head></head><body><p>Summary</p><ul><li>Apple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company&#39;s continued strong earnings reports.</li><li>I&#39;ll highlight the reasons for Apple&#39;s strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.</li><li>However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.</li><li>The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.</li><li>I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.</li></ul><h3>Introduction And Investment Thesis</h3><p>Last week, <a href=\"https://laohu8.com/S/AAPL\">Apple</a> surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street&#39;s positive reaction hardly seems surprising.</p><p>I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:</p><ul><li>Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple&#39;s gadgets enjoy the ranks of status symbols.</li></ul><ul><li>Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.</li></ul><ul><li>Where others have managed to develop either standout smartphone technology (e.g., Samsung&#39;s Galaxy series) or a smartphone operating system (Google&#39;s Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.</li></ul><ul><li>The company&#39;s balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.</li></ul><p>It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple&#39;s normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.</p><p>Apple Is Rightly Touted As A Major Cash Flow Machine</p><p>When it comes to the question of why Apple stock should command a premium valuation, many investors point to the company&#39;s strong cash flow. I do not disagree, and in fact, Apple&#39;s cash flow is one reason I would like to own shares in the company.</p><p>My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.</p><p>Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company&#39;s conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple&#39;s stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).</p><p><img src=\"https://static.tigerbbs.com/634624a2a799950e29c025c2e979a431\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.</p><p>Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.</p><p><img src=\"https://static.tigerbbs.com/018899362ea317f0a826fd5072e9f3c0\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.</p><h3>Reasons For Apple&#39;s Outstanding Free Cash Flow Growth - And Why It May Not Be Sustainable</h3><p>Apple&#39;s free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company&#39;s future cash flows, discounted to today at an appropriate rate.</p><h3>Strong Brand Stickiness, Pricing Power - But Discretionary Products After All</h3><p>As already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple&#39;s software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.</p><h3>Geographical Concentration Risks</h3><p>Investors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.</p><p>Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.</p><p>A deep recession in Europe is also likely to impact Apple&#39;s supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).</p><p>Of course, Apple&#39;s global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.</p><h3>Sustainability Of App Store Margins</h3><p>Software developers have noticed the seemingly unstoppable growth of Apple&#39;s installed base, which probably recently passed the2 billion mark. Apple&#39;s growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple&#39;s subscription-based sales. I view it as largely positive that Apple&#39;s (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.</p><p>Working Capital Management</p><p>Another aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).</p><p>Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.</p><p>Improved conditions for app developers, as hypothesized above, could also put pressure on Apple&#39;s working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple&#39;s hardware segment.</p><p><img src=\"https://static.tigerbbs.com/cd5c74594b446fea946163da22c51878\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.</p><h3>Possible Signs Of Underinvestment And The Course Toward Mean Reversion</h3><p>It is also worth noting Apple&#39;s capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.</p><p><img src=\"https://static.tigerbbs.com/02df2459453a284cd343b9f1bb690fe5\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple&#39;s key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.</p><p>At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.</p><h3>What Is Currently Priced Into AAPL Stock?</h3><p>Several aspects underlying Apple&#39;s excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple&#39;s recent cash flows, which provide a basis for valuing the stock.</p><p>First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple&#39;s nFCF per share versus split-adjusted price per share. Clearly, Apple&#39;s stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.</p><p><img src=\"https://static.tigerbbs.com/f7d675df943d6075843ba251551a1796\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)</p><p>Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple&#39;s average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.</p><p>Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.</p><p><img src=\"https://static.tigerbbs.com/717fa79d412f6b54795b36161c6ec657\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 6: Cash flows underlying Apple&#39;s discounted cash flow analysis; terminal value not shown (own work)</p><p>Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.</p><p>Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.</p><p>Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.</p><p>However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company&#39;s valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.</p><p><img src=\"https://static.tigerbbs.com/e3a0cff58027ed2abd92ab04313f85e4\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)</p><h3>Concluding Remarks</h3><p>There is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.</p><p>Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.</p><p>As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?</p><p>If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.</p><p>Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Resilience Is Unjustified - Here Is Why</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's Resilience Is Unjustified - Here Is Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-03 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's ...</p>\n\n<a href=\"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1149171162","content_text":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.Introduction And Investment ThesisLast week, Apple surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street's positive reaction hardly seems surprising.I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple's gadgets enjoy the ranks of status symbols.Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.Where others have managed to develop either standout smartphone technology (e.g., Samsung's Galaxy series) or a smartphone operating system (Google's Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.The company's balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple's normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.Apple Is Rightly Touted As A Major Cash Flow MachineWhen it comes to the question of why Apple stock should command a premium valuation, many investors point to the company's strong cash flow. I do not disagree, and in fact, Apple's cash flow is one reason I would like to own shares in the company.My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company's conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple's stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.Reasons For Apple's Outstanding Free Cash Flow Growth - And Why It May Not Be SustainableApple's free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company's future cash flows, discounted to today at an appropriate rate.Strong Brand Stickiness, Pricing Power - But Discretionary Products After AllAs already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple's software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.Geographical Concentration RisksInvestors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.A deep recession in Europe is also likely to impact Apple's supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).Of course, Apple's global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.Sustainability Of App Store MarginsSoftware developers have noticed the seemingly unstoppable growth of Apple's installed base, which probably recently passed the2 billion mark. Apple's growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple's subscription-based sales. I view it as largely positive that Apple's (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.Working Capital ManagementAnother aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.Improved conditions for app developers, as hypothesized above, could also put pressure on Apple's working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple's hardware segment.Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.Possible Signs Of Underinvestment And The Course Toward Mean ReversionIt is also worth noting Apple's capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple's key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.What Is Currently Priced Into AAPL Stock?Several aspects underlying Apple's excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple's recent cash flows, which provide a basis for valuing the stock.First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple's nFCF per share versus split-adjusted price per share. Clearly, Apple's stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple's average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.Figure 6: Cash flows underlying Apple's discounted cash flow analysis; terminal value not shown (own work)Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company's valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)Concluding RemarksThere is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035523633,"gmtCreate":1647645177800,"gmtModify":1676534253567,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035523633","repostId":"2220484770","repostType":4,"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909003671,"gmtCreate":1658789447793,"gmtModify":1676536205815,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9909003671","repostId":"1150857430","repostType":4,"repost":{"id":"1150857430","pubTimestamp":1658757531,"share":"https://www.laohu8.com/m/news/1150857430?lang=&edition=full","pubTime":"2022-07-25 21:58","market":"us","language":"en","title":"The Math of Single-Stock ETF Rebalancing","url":"https://stock-news.laohu8.com/highlight/detail?id=1150857430","media":"VettaFi","summary":"With the launch of AXS Investments’ single-stock ETFs, there’s been a veritablemosh pitofnews covera","content":"<html><head></head><body><p>With the launch of AXS Investments’ single-stock ETFs, there’s been a veritablemosh pitofnews coverage(thanks to the SEC dissing them on the way out the door) and public opinion. I thought it might be helpful for some folks to understand exactly what has to go on under the hood to keep these products doing what they say on the tin.</p><p>First, a big fat caveat: Any daily reset leveraged or inverse product exposes you to volatility decay; if you hold it for more than one day — over a week or a month — you’ll do worse than you expect if the underlying asset is volatile and better than you expect if the underlying asset is trending and low vol. Here’sanother articleon that. This article is about what goes on inside the fund and how it impacts the underlying stock, in this case.</p><p>Rather than use hypotheticals, let’s just look at the most popular of the new launches: the <b>AXS TLSA Bear Daily ETF (TSLQ)</b>. Putting aside the rather cheeky nod to the TSLAQ short-selling/conspiracy movement, the fund is a great example of how these products will work.</p><h2>Back to Basics</h2><p>When you buy TSLQ (or any other ETF), you’re not “putting money in” it. You’re buying shares of TSLQ on the open market from someone who has some shares they’re happy to sell you. Most often, this is a market maker either sitting on some amount of inventory or an authorized participant who can do a creation at the end of the day to make new shares to sell to you. If that happens (which it only does when there’s more demand than the market maker can naturally handle), it’s even easier for the TSLQ Authorized Participant than most because they simply put in the order to do a creation unit with a big chunk of cash. Overnight, they’ll magically receive new shares of TSLQ to cover any that they owe buyers like you.</p><p>Put another way, creating new shares of TSLQ is much more like how new shares of a mutual fund are created — cash goes into the portfolio manager, which they then need to “put to work.” TSLQ is also super simple there because all it will ever hold is a giant slug of cash and a swap or two.</p><p><img src=\"https://static.tigerbbs.com/a2b9675b85f5466ffae83c6ac7a342be\" tg-width=\"817\" tg-height=\"127\" referrerpolicy=\"no-referrer\"/></p><p>The work here is just keeping the books up to date and calling up the swap counterparty (generally a big bank) to tell them to adjust the amount of the swap, so the fund gets the -100% exposure to TSLA that it’s targeting. Those swaps are essentially just daily bar bets. If TSLA goes down by 1%, TSLQ and the counterparty compare notes, and the swap counterparty slides $160,000 across the table. If it goes the other way, TSLQ is the one paying the bet. Tomorrow, the same game is played. The swap counterparty, since they’re on the hook to provide the bet, then goes out and gets whatever exposure they need so as not to have any real risk in the transaction. In this case, they short Tesla. So the risk moves from point A — the ETF investor, to point B — the swap counterparty.</p><p>The truly paranoid could worry that there’s some exposure here to the swap counterparty going bankrupt in the middle of the day before the swap gets settled. Still, in practice, I’m unaware of any leveraged and inverse swap counterparty ever failing to settle. The worst-case scenario, however, is just the loss of one day’s returns, even if the swap counterparty just vanished into thin air. The cash is still sitting there on the books every day.</p><h2>The Procyclical Rebalance</h2><p>So looking above, why does the cash balance not perfectly match the value of the swaps as of the close on July 19, which is what the above data suggests? Likely because this was in between the end-of-day NAV being struck and the new exposure being set for the following day.</p><p>Every day, after the bar bet settles, each fund needs to reset the total value of the swaps so that tomorrow, if TSLA goes down by 1%, shareholders of TSLQ will go up by 1%. Here’s how I go about tracking that (something I got used to doing running up to Volmageddon when the VIX ETPs werehaving big impacts).</p><p>This morning (July 20, as of time of writing), TSLQ reported having $15,674,160. Since the fund is a -1X fund, that means the fund needs a swap this morning before trading begins worth -$15,674,160.</p><p>Here as I’m typing this, TSLA is up 1.14%. That makes the value of the fund’s swap -$15,852,845. The liability that the swap represents got bigger because TSLA got bigger. If the swap had to settle right this moment, the easiest way to think about this is that cash will now need to go from TSLQ to the swap counterparty just to settle up. So $178,685 leaves, making the new AUM of the fund $15,495,475. Now the fund needs -$15,495,475 in swap exposure going into tomorrow, but it’s still got $15,852,845 sitting in the swap account! So what does it do? It tells the counterpart to lighten up the swap by $357,371. That’s the trade done by the swap counterparty to even out their book at the end of the day.</p><p><img src=\"https://static.tigerbbs.com/228096942fa23a9f15010978d80685ed\" tg-width=\"435\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/></p><p>(NOTE: How swaps are technically accounted for on the books and how individual swaps are settled daily is itself a surprisingly complex topic. If you’re an insomniac, I’d start here with anInternational Swaps Dealers Association guide. I point this out to fend off the ‘but Dave!’ I’ll inevitably get because the above skips a dozen book entry steps to get to the rebal-trade number, which is what we really care about. Nothing brings out the truth like being wrong on the internet!)</p><p>Put another way, on a day that the underlying stock goes up, TSLQ has to be a net buyer, like clockwork. People’s brains break because it doesn’t matter what sign you put on the leverage factor; you’re still a net buyer. Imagine that AXS launched a 1.5X Bull Daily version of this fund. Instead of an inverse swap, the fund just sits on the cash and enters into a 1.5X swap.</p><p><img src=\"https://static.tigerbbs.com/6cf25829402f6003b0fb66806251a4df\" tg-width=\"432\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>In this case, the swap went in favor of our imaginary 1.5X Daily Bull, so the NAV of the fund went up, but that again means they have to get more exposure at the end of the day, which is the same as “lightening up” a negative exposure. That’s why we refer to all leveraged and inverse products with scheduled reset periods as “procyclical” — they (through the counterparty hedging) are always buyers on up days and sellers on down days.(None of this is a discovery, for what it’s worth.Pointing out the procyclicality of leveraged products is almost a closet industry in academic finance.)</p><h2>So What, Big Deal?</h2><p>This is a classic case of something that isn’t an issue until it is. With $15 million in assets, there’s absolutely no way TSLQ will influence the pricing of the $23 billion that changes hands of TSLA stock daily. TSLA regularly trades 3–4 million shares in the runup to the close. So we have to imagine a world where either one of these single-stock products absolutely moons or where there becomes a mismatch between the dollars in the ETP complex and the natural volume in the underlying stock. If, for example, TSLQ had 15 billion instead of 15 million, then the above trade would be about a quarter of a million shares into the close — a number that, if you know it’s coming, probably matters, especially if it’s every single day and always in the direction of that day’s performance. One has to imagine it’s exploitable. Mechanical trading nearly always is.</p><p>For now, we have a handful of products tracking extremely liquid underlying securities with low assets. The sky is most assuredly<i>not</i>falling. But imagine if these products existed in several flavors for every stock in the S&amp;P 500? What happens when a stock becomes a meme-darling, and the liquidity flows into the geared products out of proportion to the underlying stock? The short answer is, “more end-of-day volatility,” and the long answer is, “who knows, it’s not like anyone expected Roaring Kitty to blow up Gamestop.”</p></body></html>","source":"lsy1657246608114","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Math of Single-Stock ETF Rebalancing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Math of Single-Stock ETF Rebalancing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-25 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.etftrends.com/the-math-of-single-stock-etf-rebalancing/><strong>VettaFi</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the launch of AXS Investments’ single-stock ETFs, there’s been a veritablemosh pitofnews coverage(thanks to the SEC dissing them on the way out the door) and public opinion. I thought it might be...</p>\n\n<a href=\"https://www.etftrends.com/the-math-of-single-stock-etf-rebalancing/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"AXS做空特斯拉ETF"},"source_url":"https://www.etftrends.com/the-math-of-single-stock-etf-rebalancing/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150857430","content_text":"With the launch of AXS Investments’ single-stock ETFs, there’s been a veritablemosh pitofnews coverage(thanks to the SEC dissing them on the way out the door) and public opinion. I thought it might be helpful for some folks to understand exactly what has to go on under the hood to keep these products doing what they say on the tin.First, a big fat caveat: Any daily reset leveraged or inverse product exposes you to volatility decay; if you hold it for more than one day — over a week or a month — you’ll do worse than you expect if the underlying asset is volatile and better than you expect if the underlying asset is trending and low vol. Here’sanother articleon that. This article is about what goes on inside the fund and how it impacts the underlying stock, in this case.Rather than use hypotheticals, let’s just look at the most popular of the new launches: the AXS TLSA Bear Daily ETF (TSLQ). Putting aside the rather cheeky nod to the TSLAQ short-selling/conspiracy movement, the fund is a great example of how these products will work.Back to BasicsWhen you buy TSLQ (or any other ETF), you’re not “putting money in” it. You’re buying shares of TSLQ on the open market from someone who has some shares they’re happy to sell you. Most often, this is a market maker either sitting on some amount of inventory or an authorized participant who can do a creation at the end of the day to make new shares to sell to you. If that happens (which it only does when there’s more demand than the market maker can naturally handle), it’s even easier for the TSLQ Authorized Participant than most because they simply put in the order to do a creation unit with a big chunk of cash. Overnight, they’ll magically receive new shares of TSLQ to cover any that they owe buyers like you.Put another way, creating new shares of TSLQ is much more like how new shares of a mutual fund are created — cash goes into the portfolio manager, which they then need to “put to work.” TSLQ is also super simple there because all it will ever hold is a giant slug of cash and a swap or two.The work here is just keeping the books up to date and calling up the swap counterparty (generally a big bank) to tell them to adjust the amount of the swap, so the fund gets the -100% exposure to TSLA that it’s targeting. Those swaps are essentially just daily bar bets. If TSLA goes down by 1%, TSLQ and the counterparty compare notes, and the swap counterparty slides $160,000 across the table. If it goes the other way, TSLQ is the one paying the bet. Tomorrow, the same game is played. The swap counterparty, since they’re on the hook to provide the bet, then goes out and gets whatever exposure they need so as not to have any real risk in the transaction. In this case, they short Tesla. So the risk moves from point A — the ETF investor, to point B — the swap counterparty.The truly paranoid could worry that there’s some exposure here to the swap counterparty going bankrupt in the middle of the day before the swap gets settled. Still, in practice, I’m unaware of any leveraged and inverse swap counterparty ever failing to settle. The worst-case scenario, however, is just the loss of one day’s returns, even if the swap counterparty just vanished into thin air. The cash is still sitting there on the books every day.The Procyclical RebalanceSo looking above, why does the cash balance not perfectly match the value of the swaps as of the close on July 19, which is what the above data suggests? Likely because this was in between the end-of-day NAV being struck and the new exposure being set for the following day.Every day, after the bar bet settles, each fund needs to reset the total value of the swaps so that tomorrow, if TSLA goes down by 1%, shareholders of TSLQ will go up by 1%. Here’s how I go about tracking that (something I got used to doing running up to Volmageddon when the VIX ETPs werehaving big impacts).This morning (July 20, as of time of writing), TSLQ reported having $15,674,160. Since the fund is a -1X fund, that means the fund needs a swap this morning before trading begins worth -$15,674,160.Here as I’m typing this, TSLA is up 1.14%. That makes the value of the fund’s swap -$15,852,845. The liability that the swap represents got bigger because TSLA got bigger. If the swap had to settle right this moment, the easiest way to think about this is that cash will now need to go from TSLQ to the swap counterparty just to settle up. So $178,685 leaves, making the new AUM of the fund $15,495,475. Now the fund needs -$15,495,475 in swap exposure going into tomorrow, but it’s still got $15,852,845 sitting in the swap account! So what does it do? It tells the counterpart to lighten up the swap by $357,371. That’s the trade done by the swap counterparty to even out their book at the end of the day.(NOTE: How swaps are technically accounted for on the books and how individual swaps are settled daily is itself a surprisingly complex topic. If you’re an insomniac, I’d start here with anInternational Swaps Dealers Association guide. I point this out to fend off the ‘but Dave!’ I’ll inevitably get because the above skips a dozen book entry steps to get to the rebal-trade number, which is what we really care about. Nothing brings out the truth like being wrong on the internet!)Put another way, on a day that the underlying stock goes up, TSLQ has to be a net buyer, like clockwork. People’s brains break because it doesn’t matter what sign you put on the leverage factor; you’re still a net buyer. Imagine that AXS launched a 1.5X Bull Daily version of this fund. Instead of an inverse swap, the fund just sits on the cash and enters into a 1.5X swap.In this case, the swap went in favor of our imaginary 1.5X Daily Bull, so the NAV of the fund went up, but that again means they have to get more exposure at the end of the day, which is the same as “lightening up” a negative exposure. That’s why we refer to all leveraged and inverse products with scheduled reset periods as “procyclical” — they (through the counterparty hedging) are always buyers on up days and sellers on down days.(None of this is a discovery, for what it’s worth.Pointing out the procyclicality of leveraged products is almost a closet industry in academic finance.)So What, Big Deal?This is a classic case of something that isn’t an issue until it is. With $15 million in assets, there’s absolutely no way TSLQ will influence the pricing of the $23 billion that changes hands of TSLA stock daily. TSLA regularly trades 3–4 million shares in the runup to the close. So we have to imagine a world where either one of these single-stock products absolutely moons or where there becomes a mismatch between the dollars in the ETP complex and the natural volume in the underlying stock. If, for example, TSLQ had 15 billion instead of 15 million, then the above trade would be about a quarter of a million shares into the close — a number that, if you know it’s coming, probably matters, especially if it’s every single day and always in the direction of that day’s performance. One has to imagine it’s exploitable. Mechanical trading nearly always is.For now, we have a handful of products tracking extremely liquid underlying securities with low assets. The sky is most assuredlynotfalling. But imagine if these products existed in several flavors for every stock in the S&P 500? What happens when a stock becomes a meme-darling, and the liquidity flows into the geared products out of proportion to the underlying stock? The short answer is, “more end-of-day volatility,” and the long answer is, “who knows, it’s not like anyone expected Roaring Kitty to blow up Gamestop.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986116267,"gmtCreate":1666912924560,"gmtModify":1676537828208,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9986116267","repostId":"2278141980","repostType":4,"repost":{"id":"2278141980","pubTimestamp":1666912115,"share":"https://www.laohu8.com/m/news/2278141980?lang=&edition=full","pubTime":"2022-10-28 07:08","market":"us","language":"en","title":"US STOCKS-S&P 500, Nasdaq End Lower but the Dow Jumps As Earnings Bifurcate","url":"https://stock-news.laohu8.com/highlight/detail?id=2278141980","media":"Reuters","summary":"The S&P 500 and the Nasdaq posted losses on Thursday, as investors juggled solid economic data and a","content":"<html><head></head><body><p>The S&amp;P 500 and the Nasdaq posted losses on Thursday, as investors juggled solid economic data and a mixed spate of corporate earnings.</p><p>The price-weighted Dow advanced, held aloft by industrials, while weakness in market-moving tech and tech-adjacent megacaps depressed the S&amp;P 500 and Nasdaq in the wake of downbeat quarterly results and dour guidance.</p><p>&#34;It’s very much a bifurcated market, a tale of two cities,&#34; said Tim Ghriskey, senior portfolio strategist Ingalls &amp; Snyder in New York.</p><p>&#34;There&#39;s lot of pressure on tech and tech-plus names, higher growth names,&#34; Ghriskey added. &#34;On the flipside you’re seeing a lot of strength in other sectors, in particular consumer staples, energy, financials, industrials and utilities.&#34;</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> plunged after the Facebook parent followed the trend set by Microsoft Corp and Alphabet Inc by providing gloomy forward guidance.</p><p>But heavy equipment maker Caterpillar Inc reported better-than-expected quarterly profit, sending its shares jumping.</p><p>A third-quarter GDP reading showing the U.S. economy returned to growth in the July-Sept period, along with steady quarterly core inflation helped take the sting out of earnings.</p><p>Investors continue to scan the economic horizon for evidence that the barrage of aggressive interest rate hikes from the Federal Reserve, begun in March, are beginning to have the desired effect by cooling down the economy.</p><p>While a 75 basis point rate hike at the conclusion of its Nov. 1-2 policy meeting is all but assured, the likelihood of a smaller, 50 basis point hike in December was about 55%, according to CME&#39;s FedWatch tool.</p><p>&#34;The overriding theme is really the Fed. The Fed is going to control the direction of this market over the coming months,&#34; Ghriskey added.</p><p>According to preliminary data, the S&amp;P 500 lost 21.73 points, or 0.57%, to end at 3,808.87 points, while the Nasdaq Composite lost 180.84 points, or 1.65%, to 10,790.16. The Dow Jones Industrial Average rose 207.61 points, or 0.65%, to 32,046.72.</p><p>Third-quarter reporting season forges ahead at full speed, with 227 of the companies in the S&amp;P 500 having reported. Of those, 74% have beaten consensus estimates.</p><p>Analysts now see aggregate S&amp;P earnings growth of 2.5%, down from 4.5% at the beginning of October.</p><p>&#34;In general we’ve seen earnings come in at or slightly above expectations,&#34; Ghriskey said. &#34;But those expectations have been lowered throughout the quarter.&#34;</p><p>McDonalds Corp advanced after the fast food chain beat quarterly same-store sales estimates.</p><p>Southwest Airlines Co quarterly profit topped consensus estimates, sending the carrier&#39;s stock higher.</p><p>Amazon.com and Apple Inc are due to report shortly.</p><p><img src=\"https://static.tigerbbs.com/f8c6036b1e5d2598f8bf3ee4408530e3\" tg-width=\"1080\" tg-height=\"1920\" 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>US STOCKS-S&P 500, Nasdaq End Lower but the Dow Jumps As Earnings Bifurcate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500, Nasdaq End Lower but the Dow Jumps As Earnings Bifurcate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-28 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-p-500-nasdaq-200029525.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 and the Nasdaq posted losses on Thursday, as investors juggled solid economic data and a mixed spate of corporate earnings.The price-weighted Dow advanced, held aloft by industrials, while...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-p-500-nasdaq-200029525.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/us-stocks-p-500-nasdaq-200029525.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278141980","content_text":"The S&P 500 and the Nasdaq posted losses on Thursday, as investors juggled solid economic data and a mixed spate of corporate earnings.The price-weighted Dow advanced, held aloft by industrials, while weakness in market-moving tech and tech-adjacent megacaps depressed the S&P 500 and Nasdaq in the wake of downbeat quarterly results and dour guidance.\"It’s very much a bifurcated market, a tale of two cities,\" said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York.\"There's lot of pressure on tech and tech-plus names, higher growth names,\" Ghriskey added. \"On the flipside you’re seeing a lot of strength in other sectors, in particular consumer staples, energy, financials, industrials and utilities.\"Meta Platforms plunged after the Facebook parent followed the trend set by Microsoft Corp and Alphabet Inc by providing gloomy forward guidance.But heavy equipment maker Caterpillar Inc reported better-than-expected quarterly profit, sending its shares jumping.A third-quarter GDP reading showing the U.S. economy returned to growth in the July-Sept period, along with steady quarterly core inflation helped take the sting out of earnings.Investors continue to scan the economic horizon for evidence that the barrage of aggressive interest rate hikes from the Federal Reserve, begun in March, are beginning to have the desired effect by cooling down the economy.While a 75 basis point rate hike at the conclusion of its Nov. 1-2 policy meeting is all but assured, the likelihood of a smaller, 50 basis point hike in December was about 55%, according to CME's FedWatch tool.\"The overriding theme is really the Fed. The Fed is going to control the direction of this market over the coming months,\" Ghriskey added.According to preliminary data, the S&P 500 lost 21.73 points, or 0.57%, to end at 3,808.87 points, while the Nasdaq Composite lost 180.84 points, or 1.65%, to 10,790.16. The Dow Jones Industrial Average rose 207.61 points, or 0.65%, to 32,046.72.Third-quarter reporting season forges ahead at full speed, with 227 of the companies in the S&P 500 having reported. Of those, 74% have beaten consensus estimates.Analysts now see aggregate S&P earnings growth of 2.5%, down from 4.5% at the beginning of October.\"In general we’ve seen earnings come in at or slightly above expectations,\" Ghriskey said. \"But those expectations have been lowered throughout the quarter.\"McDonalds Corp advanced after the fast food chain beat quarterly same-store sales estimates.Southwest Airlines Co quarterly profit topped consensus estimates, sending the carrier's stock higher.Amazon.com and Apple Inc are due to report shortly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980095388,"gmtCreate":1665615024044,"gmtModify":1676537634627,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9980095388","repostId":"2274583523","repostType":4,"repost":{"id":"2274583523","pubTimestamp":1665588301,"share":"https://www.laohu8.com/m/news/2274583523?lang=&edition=full","pubTime":"2022-10-12 23:25","market":"us","language":"en","title":"2 Stocks to Buy in October That Could Soar 87% to 114%, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2274583523","media":"Motley Fool","summary":"Wall Street analysts are bullish on these growth stocks in spite of the bear market.","content":"<html><head></head><body><p>It has been a tough year for investors. The <b>S&amp;P 500</b> last peaked in early January, and the broad-based index has since lost 24% of its value, putting it in a bear market. But some Wall Street analysts view that downturn as a buying opportunity. For instance, <b>Alphabet</b> and <b>Okta</b> both have a consensus rating of buy among analysts right now.</p><p>Better yet, Tigress Financial analyst Ivan Feinseth has a price target of $186 per share on Alphabet, which implies an 87% upside. And Oppenheimer analyst Ittai Kidron has a price target of $115 per share on Okta, which implies a 114% upside.</p><p>Here&#39;s why these growth stocks are worth buying today.</p><h2>Alphabet: A powerbroker in the advertising industry</h2><p>Alphabet is the parent company of search giant Google, a business that commands so much loyalty that it can reasonably be called the gateway to the internet. In fact, Google currently holds more than 90% market share among search engines. But Google also owns the wildly popular online video platform YouTube, which is currently tied with <b>Netflix</b> as the top streaming service as measured by viewing time, according to <b>Nielsen</b>.</p><p>Google has used those highly engaging web properties to position itself as a powerbroker in the advertising industry. It collected a stunning 27.5% of global digital ad spend in 2020, and despite tough competition from tech companies like <b>Amazon</b> and <b>Alibaba</b>, Google will still hold 27.5% market share by 2023, according to eMarketer.</p><p>Meanwhile, Google is also gaining share in cloud computing. Google Cloud captured 8% of cloud infrastructure spending in the second quarter of 2022, up from 5% in the second quarter of 2019, according to Canalys. One of the drivers behind that success is its leadership in the data cloud market, which itself stems from expertise in analytics and artificial intelligence.</p><p>Not surprisingly, Alphabet has delivered stellar financial results like clockwork. Revenue climbed 26% to $278.1 billion in the past year, and free cash flow jumped 11% to $65.2 billion. But investors have good reason to believe that momentum will carry into the coming years.</p><p>Looking ahead, eMarketer says global digital ad spend will grow at nearly 10% per year to reach $876 billion by 2026, and Grand View Research estimates cloud computing spend will grow at nearly 16% per year to reach $1.6 trillion by 2030. That puts Alphabet in front of a massive market opportunity, and with shares trading at a reasonable 4.9 times sales -- a discount to the three-year average of 6.8 times sales -- now is a great time to buy this growth stock.</p><h2>Okta: The most comprehensive identity platform</h2><p>Okta specializes in identity and access management (IAM), a branch of cybersecurity that seeks to ensure only the right people can access applications and resources at the appropriate time. Its platform allows administrators to enforce contextual access policies based on factors like identity, device, and location, and it leans on artificial intelligence to measure risk and authenticate users.</p><p>Okta offers the most comprehensive IAM solution on the market, according to management. Its platform features over 7,000 prebuilt integrations that simplify adoption, making it easy for businesses to integrate identity into workforce applications like <b>Microsoft</b> 365 and <b>Salesforce</b>. Its platform also features developer tools -- acquired from Auth0 last year -- that allow businesses to embed identity into customer applications.</p><p>Unfortunately, the Auth0 integration has weighed on Okta&#39;s financial performance. Revenue climbed 57% to $1.6 billion over the past year, but free cash flow fell 81% to $23 million. Management recently addressed that issue by restructuring its product portfolio to simplify its go-to-market strategy. Investors should keep an eye on the situation, paying close attention to management&#39;s commentary regarding adoption of its customer identity cloud in the coming quarters.</p><p>On the other side of its business, Okta recently bolstered its workforce identity cloud with the launch of an identity governance and administration (IGA) product, Okta Identity Governance. That IGA solution simplifies auditing and compliance for customers, and it streamlines identity workflows with automation. Okta Identity Governance is now live in North America, and the global launch is slated for later this year. Also noteworthy, Okta has a privileged access management (PAM) product set to launch a few quarters down the road, further expanding its workforce identity cloud. PAM solutions are focused on securing superuser accounts and other highly privileged accounts.</p><p>Collectively, Okta&#39;s acquisition of Auth0 and its introduction of IGA and PAM solutions brings its total addressable market to $80 billion, leaving a long runway for growth. And with shares trading at 5.2 times sales -- a steep discount to the three-year average of 28.2 times sales -- now is a great time to buy this stock.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Stocks to Buy in October That Could Soar 87% to 114%, According to Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Stocks to Buy in October That Could Soar 87% to 114%, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/11/2-stocks-to-buy-that-could-soar-115-wall-street/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It has been a tough year for investors. The S&P 500 last peaked in early January, and the broad-based index has since lost 24% of its value, putting it in a bear market. But some Wall Street analysts ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/11/2-stocks-to-buy-that-could-soar-115-wall-street/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","OKTA":"Okta Inc."},"source_url":"https://www.fool.com/investing/2022/10/11/2-stocks-to-buy-that-could-soar-115-wall-street/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274583523","content_text":"It has been a tough year for investors. The S&P 500 last peaked in early January, and the broad-based index has since lost 24% of its value, putting it in a bear market. But some Wall Street analysts view that downturn as a buying opportunity. For instance, Alphabet and Okta both have a consensus rating of buy among analysts right now.Better yet, Tigress Financial analyst Ivan Feinseth has a price target of $186 per share on Alphabet, which implies an 87% upside. And Oppenheimer analyst Ittai Kidron has a price target of $115 per share on Okta, which implies a 114% upside.Here's why these growth stocks are worth buying today.Alphabet: A powerbroker in the advertising industryAlphabet is the parent company of search giant Google, a business that commands so much loyalty that it can reasonably be called the gateway to the internet. In fact, Google currently holds more than 90% market share among search engines. But Google also owns the wildly popular online video platform YouTube, which is currently tied with Netflix as the top streaming service as measured by viewing time, according to Nielsen.Google has used those highly engaging web properties to position itself as a powerbroker in the advertising industry. It collected a stunning 27.5% of global digital ad spend in 2020, and despite tough competition from tech companies like Amazon and Alibaba, Google will still hold 27.5% market share by 2023, according to eMarketer.Meanwhile, Google is also gaining share in cloud computing. Google Cloud captured 8% of cloud infrastructure spending in the second quarter of 2022, up from 5% in the second quarter of 2019, according to Canalys. One of the drivers behind that success is its leadership in the data cloud market, which itself stems from expertise in analytics and artificial intelligence.Not surprisingly, Alphabet has delivered stellar financial results like clockwork. Revenue climbed 26% to $278.1 billion in the past year, and free cash flow jumped 11% to $65.2 billion. But investors have good reason to believe that momentum will carry into the coming years.Looking ahead, eMarketer says global digital ad spend will grow at nearly 10% per year to reach $876 billion by 2026, and Grand View Research estimates cloud computing spend will grow at nearly 16% per year to reach $1.6 trillion by 2030. That puts Alphabet in front of a massive market opportunity, and with shares trading at a reasonable 4.9 times sales -- a discount to the three-year average of 6.8 times sales -- now is a great time to buy this growth stock.Okta: The most comprehensive identity platformOkta specializes in identity and access management (IAM), a branch of cybersecurity that seeks to ensure only the right people can access applications and resources at the appropriate time. Its platform allows administrators to enforce contextual access policies based on factors like identity, device, and location, and it leans on artificial intelligence to measure risk and authenticate users.Okta offers the most comprehensive IAM solution on the market, according to management. Its platform features over 7,000 prebuilt integrations that simplify adoption, making it easy for businesses to integrate identity into workforce applications like Microsoft 365 and Salesforce. Its platform also features developer tools -- acquired from Auth0 last year -- that allow businesses to embed identity into customer applications.Unfortunately, the Auth0 integration has weighed on Okta's financial performance. Revenue climbed 57% to $1.6 billion over the past year, but free cash flow fell 81% to $23 million. Management recently addressed that issue by restructuring its product portfolio to simplify its go-to-market strategy. Investors should keep an eye on the situation, paying close attention to management's commentary regarding adoption of its customer identity cloud in the coming quarters.On the other side of its business, Okta recently bolstered its workforce identity cloud with the launch of an identity governance and administration (IGA) product, Okta Identity Governance. That IGA solution simplifies auditing and compliance for customers, and it streamlines identity workflows with automation. Okta Identity Governance is now live in North America, and the global launch is slated for later this year. Also noteworthy, Okta has a privileged access management (PAM) product set to launch a few quarters down the road, further expanding its workforce identity cloud. PAM solutions are focused on securing superuser accounts and other highly privileged accounts.Collectively, Okta's acquisition of Auth0 and its introduction of IGA and PAM solutions brings its total addressable market to $80 billion, leaving a long runway for growth. And with shares trading at 5.2 times sales -- a steep discount to the three-year average of 28.2 times sales -- now is a great time to buy this stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988931111,"gmtCreate":1666653175034,"gmtModify":1676537782698,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9988931111","repostId":"2277240299","repostType":4,"repost":{"id":"2277240299","pubTimestamp":1666685056,"share":"https://www.laohu8.com/m/news/2277240299?lang=&edition=full","pubTime":"2022-10-25 16:04","market":"us","language":"en","title":"Which Stocks Are Most Likely to Thrive in a Recession? Here's What History Shows","url":"https://stock-news.laohu8.com/highlight/detail?id=2277240299","media":"Motley Fool","summary":"Recession-proof stocks must offer something that makes investors want to buy them even when the economy is tanking.","content":"<html><head></head><body><p>We won&#39;t officially be in a recession until the National Bureau of Economic Research says so. However, you can nearly throw a rock in any direction and find an economist who thinks a recession is probably on the way.</p><p>For example, Johns Hopkins economics professor Steve Hanke stated a month ago that he believes there&#39;s at least an 80% chance of a recession. Non-profit research group The Conference Board recently pegged the probability at 96%. The latest Bloomberg economic model projects a 100% chance of a recession by October 2023.</p><p>These forecasts don&#39;t guarantee that a recession is coming. But it&#39;s possible that the current bear market will continue for a while longer. That doesn&#39;t mean that every stock will be a big loser, though. Which stocks are most likely to thrive in a recession? Here&#39;s what history shows.</p><h2>Some bad news</h2><p>The SPDR Select Sector exchange-traded funds (ETFs) are good proxies for gauging how different sectors perform during recessions. One primary downside of using them is that most of these ETFs have only been around since the late 1990s. However, the U.S. has experienced three recessions during that period, so the SPDR Select Sector ETFs should be able to help in determining which stocks historically thrive in a recession.</p><p>I&#39;ve got some bad news, though. None of the SPDR Select Sector ETFs performed well in all three recessions that occurred over the past 25 years.</p><p>The <b>Consumer Staples Select Sector SPDR Fund</b> held up well during the recession of 2001. However, it still slid a little. The <b>Materials Select Sector SPDR ETF</b> performed similarly during the first recession of this century. (The shaded area in the charts below indicates the period when the U.S. economy was in recession.)</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/853673b3d7036f65675cb75460619a54\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/><span>XLP data by YCharts</span></p><p>However, both of these ETFs plunged during the Great Recession that began in late 2007 and went through mid-2009. So did every other sector ETF -- including (perhaps surprisingly) the <b>Utilities Select Sector SPDR Fund</b>.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02a98d572e35a8953471c6c7828d2061\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>XLP data by YCharts</span></p><p>All of the sector ETFs also tanked during the brief coronavirus-fueled recession of 2020. However, the Consumer Staples Select Sector SPDR Fund didn&#39;t fall nearly as much as the others did.</p><h2>Looking for exceptions</h2><p>The cold, hard truth is that no category of stocks thrives in all recessions. But it&#39;s clear from examining the past that consumer staples stocks tend to perform better than most. Your best bet, though, is to look for exceptions. I&#39;m referring to stocks that have factors working to their advantage so much that investors want to buy them even when the overall economy stinks.</p><p><b>Johnson &amp; Johnson</b> stood out as this kind of stock during the recession of 2001. The healthcare giant continued to deliver revenue and earnings growth throughout the period. It completed the $10.5 billion acquisition of ALZA Corporation. The blue-chip stock was also viewed as a safe haven for investors worried about the dot-com bubble bursting.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f6c443d5d4b1ad723b683769a5fdc5f\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>JNJ data by YCharts</span></p><p><b>Walmart</b> performed exceptionally well during the Great Recession, especially considering how most stocks plunged. Investors realized that the serious economic downturn would mean that consumers would have to tighten their purse strings. That worked to the advantage of the big discount retailer.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55b80d8bd9dda516f36e873284c8ef2e\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>WMT data by YCharts</span></p><p><b>Moderna</b>&#39;s share price skyrocketed during the quick recession of 2020. That&#39;s not surprising. The company was one of the early leaders in developing coronavirus vaccines. Moderna was a natural choice for investors to flock to during the uncertain times at the beginning of the COVID-19 pandemic.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0182e88d0371524d986b304119608277\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>MRNA data by YCharts</span></p><h2>Likely outliers in the next recession</h2><p>Which stocks might be outliers in the next recession, assuming it isn&#39;t too far off? I think we can learn from history.</p><p>Walmart could again defy gravity if the U.S. economy enters into a recession. My view is that another discount retailer, <b>Dollar General</b>, should do so as well.</p><p>Dollar General is outperforming Walmart so far this year. The company continues to build new stores. It&#39;s also expanding its frozen and refrigerated goods offerings. Dollar General should benefit as consumers increasingly try to stretch their dollars.</p><p>Just as Johnson &amp; Johnson and Moderna performed well during two previous recessions, I suspect another drug stock will do so during the next recession -- <b>Vertex Pharmaceuticals</b>. Vertex&#39;s revenue and earnings will almost certainly grow robustly even amid an economic downturn.</p><p>The big biotech also has a pipeline with multiple potential blockbusters likely on the way. Vertex expects to file for regulatory approvals for one of them (gene-editing therapy exa-cel) before year-end. With fears of a recession increasing, I think that Vertex is arguably the best stock to buy right now.</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>Which Stocks Are Most Likely to Thrive in a Recession? Here's What History Shows</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\">\nWhich Stocks Are Most Likely to Thrive in a Recession? Here's What History Shows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-25 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/23/stocks-most-likely-to-thrive-in-recession/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We won't officially be in a recession until the National Bureau of Economic Research says so. However, you can nearly throw a rock in any direction and find an economist who thinks a recession is ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/23/stocks-most-likely-to-thrive-in-recession/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","XLU":"公共事业指数ETF-SPDR","XLP":"消费品指数ETF-SPDR主要消费品","JNJ":"强生","DG":"美国达乐公司","MRNA":"Moderna, Inc.","XLB":"材料ETF","VRTX":"福泰制药"},"source_url":"https://www.fool.com/investing/2022/10/23/stocks-most-likely-to-thrive-in-recession/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2277240299","content_text":"We won't officially be in a recession until the National Bureau of Economic Research says so. However, you can nearly throw a rock in any direction and find an economist who thinks a recession is probably on the way.For example, Johns Hopkins economics professor Steve Hanke stated a month ago that he believes there's at least an 80% chance of a recession. Non-profit research group The Conference Board recently pegged the probability at 96%. The latest Bloomberg economic model projects a 100% chance of a recession by October 2023.These forecasts don't guarantee that a recession is coming. But it's possible that the current bear market will continue for a while longer. That doesn't mean that every stock will be a big loser, though. Which stocks are most likely to thrive in a recession? Here's what history shows.Some bad newsThe SPDR Select Sector exchange-traded funds (ETFs) are good proxies for gauging how different sectors perform during recessions. One primary downside of using them is that most of these ETFs have only been around since the late 1990s. However, the U.S. has experienced three recessions during that period, so the SPDR Select Sector ETFs should be able to help in determining which stocks historically thrive in a recession.I've got some bad news, though. None of the SPDR Select Sector ETFs performed well in all three recessions that occurred over the past 25 years.The Consumer Staples Select Sector SPDR Fund held up well during the recession of 2001. However, it still slid a little. The Materials Select Sector SPDR ETF performed similarly during the first recession of this century. (The shaded area in the charts below indicates the period when the U.S. economy was in recession.)XLP data by YChartsHowever, both of these ETFs plunged during the Great Recession that began in late 2007 and went through mid-2009. So did every other sector ETF -- including (perhaps surprisingly) the Utilities Select Sector SPDR Fund.XLP data by YChartsAll of the sector ETFs also tanked during the brief coronavirus-fueled recession of 2020. However, the Consumer Staples Select Sector SPDR Fund didn't fall nearly as much as the others did.Looking for exceptionsThe cold, hard truth is that no category of stocks thrives in all recessions. But it's clear from examining the past that consumer staples stocks tend to perform better than most. Your best bet, though, is to look for exceptions. I'm referring to stocks that have factors working to their advantage so much that investors want to buy them even when the overall economy stinks.Johnson & Johnson stood out as this kind of stock during the recession of 2001. The healthcare giant continued to deliver revenue and earnings growth throughout the period. It completed the $10.5 billion acquisition of ALZA Corporation. The blue-chip stock was also viewed as a safe haven for investors worried about the dot-com bubble bursting.JNJ data by YChartsWalmart performed exceptionally well during the Great Recession, especially considering how most stocks plunged. Investors realized that the serious economic downturn would mean that consumers would have to tighten their purse strings. That worked to the advantage of the big discount retailer.WMT data by YChartsModerna's share price skyrocketed during the quick recession of 2020. That's not surprising. The company was one of the early leaders in developing coronavirus vaccines. Moderna was a natural choice for investors to flock to during the uncertain times at the beginning of the COVID-19 pandemic.MRNA data by YChartsLikely outliers in the next recessionWhich stocks might be outliers in the next recession, assuming it isn't too far off? I think we can learn from history.Walmart could again defy gravity if the U.S. economy enters into a recession. My view is that another discount retailer, Dollar General, should do so as well.Dollar General is outperforming Walmart so far this year. The company continues to build new stores. It's also expanding its frozen and refrigerated goods offerings. Dollar General should benefit as consumers increasingly try to stretch their dollars.Just as Johnson & Johnson and Moderna performed well during two previous recessions, I suspect another drug stock will do so during the next recession -- Vertex Pharmaceuticals. Vertex's revenue and earnings will almost certainly grow robustly even amid an economic downturn.The big biotech also has a pipeline with multiple potential blockbusters likely on the way. Vertex expects to file for regulatory approvals for one of them (gene-editing therapy exa-cel) before year-end. With fears of a recession increasing, I think that Vertex is arguably the best stock to buy right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9016578185,"gmtCreate":1649210974653,"gmtModify":1676534471529,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016578185","repostId":"1110761805","repostType":4,"repost":{"id":"1110761805","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1649210929,"share":"https://www.laohu8.com/m/news/1110761805?lang=&edition=full","pubTime":"2022-04-06 10:08","market":"us","language":"en","title":"Tesla's Musk May Add to U.S. SEC Ire with Late Report about Twitter Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1110761805","media":"Reuters","summary":"SAN FRANCISCO/NEW YORK, April 5 (Reuters) - Did Elon Musk break U.S. securities laws again?Former se","content":"<html><head></head><body><p>SAN FRANCISCO/NEW YORK, April 5 (Reuters) - Did Elon Musk break U.S. securities laws again?</p><p>Former securities officials and professors said Tesla Inc&#39;s chief executive may have missed a key disclosure deadline and filed the wrong paperwork when he bought 9% of Twitter Inc, a platform regularly used by the outspoken billionaire. Securities and Exchange Commission regulators could use any shortfall to try to punish Musk more for other lapses, some believe.</p><p>Musk on Monday disclosed that he bought a 9.2% stake in Twitter, making him the micro-blogging site&#39;s largest shareholder and triggering a rise of more than 27% in the company&#39;s shares. The filing said that March 14, 2022, is the date of the event that required the disclosure.</p><p>U.S. securities law requires disclosure within 10 days of acquiring 5% of a company, and in Musk&#39;s case the 10-day deadline was March 24. A late report could lead to a per-violation civil penalty of up to $207,183, according to Urska Velikonja, a law professor at Georgetown University Law Center.</p><p>That is a financial slap on the wrist for Musk, the world&#39;s richest person with a net worth of $302 billion, according to Forbes, but the SEC could look into market manipulation allegations regarding the Twitter stock purchase and seek harsher sanctions in an ongoing investigation regarding his Tesla stock sales, experts say.</p><p>&#34;This is not really a gray area. He acquired it and didn&#39;t file within 10 days. It&#39;s a violation. And so this is a slam-dunk case from the SEC perspective,&#34; Adam C. Pritchard, a law professor at University of Michigan Law School, said.</p><p>In addition, Musk filed a &#34;13G&#34; disclosure form for investors who plan to hold their shares passively, even though it emerged on Tuesday that Musk will take a Twitter board seat in order to push change at the company.</p><p>That means he should have filed the &#34;13D&#34; form used by activist investors, officers and directors who have the ability to influence the management and policies of an issuer, said several lawyers.</p><p>Eleazer Klein, co-chair of the global Shareholder Activism Group at Schulte Roth &amp; Zabel, said Musk&#39;s use of the 13G form was not appropriate and that regulators could have reason to review the matter.</p><p>Musk on Tuesday amended his earlier filing and filed the 13D form to report a change in his status to an active investor.</p><p>The SEC is already investigating Musk&#39;s Nov. 6, 2021, tweet asking his followers whether he should sell 10% of his Tesla stake.</p><p>Musk is also bound by a 2018 SEC settlement that requires him to obtain preapproval on some of his tweets, after he tweeted that he had &#34;funding secured&#34; to take Tesla private. The SEC said that he defrauded investors.</p><p>Musk says the SEC is harassing him in a bad-faith effort to punish him for criticizing the government, and he is fighting to nullify the deal.</p><p>Pritchard said the SEC could &#34;tell a court that he&#39;s a recidivist violator of the securities laws and that he needs to be dealt with harshly.&#34;</p><p>SEC and Tesla did not respond to requests for comments.</p><p>Tesla shares closed down 4.7% on Tuesday.</p><p><b>&#34;REAL RISKS&#34;</b></p><p>Musk also made comments about Twitter after his purchase but before disclosing his stake.</p><p>On March 25, Musk tweeted a poll: &#34;Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?&#34;</p><p>A day later, Musk said he was giving &#34;serious thought&#34; to building a new social media platform.</p><p>&#34;Musk is taking real risks here,&#34; said Georgetown Law&#39;s Velikonja. Musk was playing a game with the SEC officials, saying, &#34;&#39;Stop me if you can, but you can&#39;t,&#39;&#34; she said, adding, &#34;I do suspect the SEC is going to look long and hard into whether they can bring manipulation charges, along with the failure to file.&#34;</p><p>Musk has been critical of Twitter and its policies of late, accusing the company of failing to adhere to free-speech principles.</p><p>&#34;Arguably, his social media posts about potential alternatives to Twitter can be seen, in light of his previously undisclosed stake, as a form of market manipulation to affect the share price, but proving that seems difficult,&#34; said Howard Fischer, a former SEC counsel and a partner at law firm Moses &amp; Singer.</p><p>&#34;The fact that the revelation of his stake caused a price rise that resulted in Musk&#39;s stake increasing in value is something that the SEC might look into.”</p><p>Twitter shares have surged since mid-March when Musk purchased his stake. The stake, valued at around $2.4 billion at the closing price of March 14, jumped to $3.7 billion as of Monday&#39;s closing price.</p><p>In addition, some well-timed trades in Twitter options days before Musk revealed his purchase are raising eyebrows among options analysts.</p><p>The SEC would likely investigate if anyone who knew about the acquisition of the shares traded in advance of the filing, said Jacob Frenkel, a former SEC enforcement attorney and government investigations and securities enforcement practice chair for law firm Dickinson Wright.</p><p>&#34;I really think that would be the focus rather than the tardiness,&#34; Frenkel said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Musk May Add to U.S. SEC Ire with Late Report about Twitter Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Musk May Add to U.S. SEC Ire with Late Report about Twitter Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-06 10:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SAN FRANCISCO/NEW YORK, April 5 (Reuters) - Did Elon Musk break U.S. securities laws again?</p><p>Former securities officials and professors said Tesla Inc&#39;s chief executive may have missed a key disclosure deadline and filed the wrong paperwork when he bought 9% of Twitter Inc, a platform regularly used by the outspoken billionaire. Securities and Exchange Commission regulators could use any shortfall to try to punish Musk more for other lapses, some believe.</p><p>Musk on Monday disclosed that he bought a 9.2% stake in Twitter, making him the micro-blogging site&#39;s largest shareholder and triggering a rise of more than 27% in the company&#39;s shares. The filing said that March 14, 2022, is the date of the event that required the disclosure.</p><p>U.S. securities law requires disclosure within 10 days of acquiring 5% of a company, and in Musk&#39;s case the 10-day deadline was March 24. A late report could lead to a per-violation civil penalty of up to $207,183, according to Urska Velikonja, a law professor at Georgetown University Law Center.</p><p>That is a financial slap on the wrist for Musk, the world&#39;s richest person with a net worth of $302 billion, according to Forbes, but the SEC could look into market manipulation allegations regarding the Twitter stock purchase and seek harsher sanctions in an ongoing investigation regarding his Tesla stock sales, experts say.</p><p>&#34;This is not really a gray area. He acquired it and didn&#39;t file within 10 days. It&#39;s a violation. And so this is a slam-dunk case from the SEC perspective,&#34; Adam C. Pritchard, a law professor at University of Michigan Law School, said.</p><p>In addition, Musk filed a &#34;13G&#34; disclosure form for investors who plan to hold their shares passively, even though it emerged on Tuesday that Musk will take a Twitter board seat in order to push change at the company.</p><p>That means he should have filed the &#34;13D&#34; form used by activist investors, officers and directors who have the ability to influence the management and policies of an issuer, said several lawyers.</p><p>Eleazer Klein, co-chair of the global Shareholder Activism Group at Schulte Roth &amp; Zabel, said Musk&#39;s use of the 13G form was not appropriate and that regulators could have reason to review the matter.</p><p>Musk on Tuesday amended his earlier filing and filed the 13D form to report a change in his status to an active investor.</p><p>The SEC is already investigating Musk&#39;s Nov. 6, 2021, tweet asking his followers whether he should sell 10% of his Tesla stake.</p><p>Musk is also bound by a 2018 SEC settlement that requires him to obtain preapproval on some of his tweets, after he tweeted that he had &#34;funding secured&#34; to take Tesla private. The SEC said that he defrauded investors.</p><p>Musk says the SEC is harassing him in a bad-faith effort to punish him for criticizing the government, and he is fighting to nullify the deal.</p><p>Pritchard said the SEC could &#34;tell a court that he&#39;s a recidivist violator of the securities laws and that he needs to be dealt with harshly.&#34;</p><p>SEC and Tesla did not respond to requests for comments.</p><p>Tesla shares closed down 4.7% on Tuesday.</p><p><b>&#34;REAL RISKS&#34;</b></p><p>Musk also made comments about Twitter after his purchase but before disclosing his stake.</p><p>On March 25, Musk tweeted a poll: &#34;Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?&#34;</p><p>A day later, Musk said he was giving &#34;serious thought&#34; to building a new social media platform.</p><p>&#34;Musk is taking real risks here,&#34; said Georgetown Law&#39;s Velikonja. Musk was playing a game with the SEC officials, saying, &#34;&#39;Stop me if you can, but you can&#39;t,&#39;&#34; she said, adding, &#34;I do suspect the SEC is going to look long and hard into whether they can bring manipulation charges, along with the failure to file.&#34;</p><p>Musk has been critical of Twitter and its policies of late, accusing the company of failing to adhere to free-speech principles.</p><p>&#34;Arguably, his social media posts about potential alternatives to Twitter can be seen, in light of his previously undisclosed stake, as a form of market manipulation to affect the share price, but proving that seems difficult,&#34; said Howard Fischer, a former SEC counsel and a partner at law firm Moses &amp; Singer.</p><p>&#34;The fact that the revelation of his stake caused a price rise that resulted in Musk&#39;s stake increasing in value is something that the SEC might look into.”</p><p>Twitter shares have surged since mid-March when Musk purchased his stake. The stake, valued at around $2.4 billion at the closing price of March 14, jumped to $3.7 billion as of Monday&#39;s closing price.</p><p>In addition, some well-timed trades in Twitter options days before Musk revealed his purchase are raising eyebrows among options analysts.</p><p>The SEC would likely investigate if anyone who knew about the acquisition of the shares traded in advance of the filing, said Jacob Frenkel, a former SEC enforcement attorney and government investigations and securities enforcement practice chair for law firm Dickinson Wright.</p><p>&#34;I really think that would be the focus rather than the tardiness,&#34; Frenkel said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110761805","content_text":"SAN FRANCISCO/NEW YORK, April 5 (Reuters) - Did Elon Musk break U.S. securities laws again?Former securities officials and professors said Tesla Inc's chief executive may have missed a key disclosure deadline and filed the wrong paperwork when he bought 9% of Twitter Inc, a platform regularly used by the outspoken billionaire. Securities and Exchange Commission regulators could use any shortfall to try to punish Musk more for other lapses, some believe.Musk on Monday disclosed that he bought a 9.2% stake in Twitter, making him the micro-blogging site's largest shareholder and triggering a rise of more than 27% in the company's shares. The filing said that March 14, 2022, is the date of the event that required the disclosure.U.S. securities law requires disclosure within 10 days of acquiring 5% of a company, and in Musk's case the 10-day deadline was March 24. A late report could lead to a per-violation civil penalty of up to $207,183, according to Urska Velikonja, a law professor at Georgetown University Law Center.That is a financial slap on the wrist for Musk, the world's richest person with a net worth of $302 billion, according to Forbes, but the SEC could look into market manipulation allegations regarding the Twitter stock purchase and seek harsher sanctions in an ongoing investigation regarding his Tesla stock sales, experts say.\"This is not really a gray area. He acquired it and didn't file within 10 days. It's a violation. And so this is a slam-dunk case from the SEC perspective,\" Adam C. Pritchard, a law professor at University of Michigan Law School, said.In addition, Musk filed a \"13G\" disclosure form for investors who plan to hold their shares passively, even though it emerged on Tuesday that Musk will take a Twitter board seat in order to push change at the company.That means he should have filed the \"13D\" form used by activist investors, officers and directors who have the ability to influence the management and policies of an issuer, said several lawyers.Eleazer Klein, co-chair of the global Shareholder Activism Group at Schulte Roth & Zabel, said Musk's use of the 13G form was not appropriate and that regulators could have reason to review the matter.Musk on Tuesday amended his earlier filing and filed the 13D form to report a change in his status to an active investor.The SEC is already investigating Musk's Nov. 6, 2021, tweet asking his followers whether he should sell 10% of his Tesla stake.Musk is also bound by a 2018 SEC settlement that requires him to obtain preapproval on some of his tweets, after he tweeted that he had \"funding secured\" to take Tesla private. The SEC said that he defrauded investors.Musk says the SEC is harassing him in a bad-faith effort to punish him for criticizing the government, and he is fighting to nullify the deal.Pritchard said the SEC could \"tell a court that he's a recidivist violator of the securities laws and that he needs to be dealt with harshly.\"SEC and Tesla did not respond to requests for comments.Tesla shares closed down 4.7% on Tuesday.\"REAL RISKS\"Musk also made comments about Twitter after his purchase but before disclosing his stake.On March 25, Musk tweeted a poll: \"Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?\"A day later, Musk said he was giving \"serious thought\" to building a new social media platform.\"Musk is taking real risks here,\" said Georgetown Law's Velikonja. Musk was playing a game with the SEC officials, saying, \"'Stop me if you can, but you can't,'\" she said, adding, \"I do suspect the SEC is going to look long and hard into whether they can bring manipulation charges, along with the failure to file.\"Musk has been critical of Twitter and its policies of late, accusing the company of failing to adhere to free-speech principles.\"Arguably, his social media posts about potential alternatives to Twitter can be seen, in light of his previously undisclosed stake, as a form of market manipulation to affect the share price, but proving that seems difficult,\" said Howard Fischer, a former SEC counsel and a partner at law firm Moses & Singer.\"The fact that the revelation of his stake caused a price rise that resulted in Musk's stake increasing in value is something that the SEC might look into.”Twitter shares have surged since mid-March when Musk purchased his stake. The stake, valued at around $2.4 billion at the closing price of March 14, jumped to $3.7 billion as of Monday's closing price.In addition, some well-timed trades in Twitter options days before Musk revealed his purchase are raising eyebrows among options analysts.The SEC would likely investigate if anyone who knew about the acquisition of the shares traded in advance of the filing, said Jacob Frenkel, a former SEC enforcement attorney and government investigations and securities enforcement practice chair for law firm Dickinson Wright.\"I really think that would be the focus rather than the tardiness,\" Frenkel said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913000156,"gmtCreate":1663885512775,"gmtModify":1676537354085,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9913000156","repostId":"1104523508","repostType":4,"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9016337036,"gmtCreate":1649125457690,"gmtModify":1676534456284,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016337036","repostId":"2224132370","repostType":4,"repost":{"id":"2224132370","pubTimestamp":1649120728,"share":"https://www.laohu8.com/m/news/2224132370?lang=&edition=full","pubTime":"2022-04-05 09:05","market":"us","language":"en","title":"3 High-Yield Dividend Stocks to Buy in a Market Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=2224132370","media":"Motley Fool","summary":"It could be a good time to lock in these high yields.","content":"<html><head></head><body><p>Bad news tends to overshadow good news. That&#39;s especially the case when there has been a lot of bad news in recent weeks as we have experienced. However, there&#39;s now good news as well. The major stock market indices have been rising. None of them are in a bear market now -- and the <b>S&amp;P 500</b> is no longer in correction territory.</p><p>Income investors could especially have a great opportunity to lock in attractive dividend yields right now. Here are three high-yield dividend stocks to buy in a market rebound.</p><h2>1. Enterprise Products Partners</h2><p><b>Enterprise Products Partners</b> didn&#39;t sink as most stocks have in recent months. The major midstream energy company&#39;s shares are up close to 18% year to date.</p><p>This solid gain makes sense considering the current overall dynamics of the oil and gas industry. Prices have risen in part due to worries about the Russian invasion of Ukraine. However, the demand for oil and gas has also increased as the global economy recovers from the impact of the COVID-19 pandemic.</p><p>Enterprise has been a key beneficiary of these tailwinds with its pipelines, natural gas processing facilities, and storage facilities. It should also profit further if the stock market continues to rebound and economic uncertainties fade. But even if not, Enterprise is a stock that should hold up well no matter what the market does.</p><p>The company offers a juicy dividend yield of 7.2%. Enterprise has also increased its distribution for 23 consecutive years. There aren&#39;t too many high-yield dividend stocks with such an impressive track record.</p><h2>2. <a href=\"https://laohu8.com/S/MPW\">Medical Properties Trust</a></h2><p><b>Medical Properties Trust</b> stock hasn&#39;t fared quite so well. Its shares are still down around 9% year to date after beginning to bounce back in mid-March. However, the company&#39;s underlying business hasn&#39;t skipped a beat.</p><p>That underlying business is owning and leasing hospitals. Medical Properties Trust is a real estate investment trust (REIT) with around 440 facilities in its portfolio. Roughly 60% of these properties are in the U.S. with the remaining hospitals in eight other countries -- primarily in Europe.</p><p>As you might expect, Medical Properties Trust&#39;s lease revenue doesn&#39;t rise or fall based on stock market gyrations. Higher inflation rates shouldn&#39;t be a big problem, either. The REIT has rent escalators based on the Consumer Price Index built into more than 99% of its leases.</p><p>REITs are known for their dividends. Medical Properties Trust is no slouch on that front. Its dividend yield currently stands at nearly 5.5%. The company has increased its dividend for eight consecutive years.</p><h2>3. Verizon Communications</h2><p><b>Verizon Communications</b> claims a distinction that very few high-yield dividend stocks have: It&#39;s <a href=\"https://laohu8.com/S/AONE.U\">one</a> of Warren Buffett&#39;s favorites. The telecom giant ranks as the eighth-largest holding in <b>Berkshire Hathaway</b>&#39;s portfolio.</p><p>Should you buy Verizon just because Buffett likes it? Of course not. However, it&#39;s a good idea to at least consider what an investor such as the Oracle of Omaha might find attractive about Verizon.</p><p>The dividend certainly stands out. Verizon&#39;s dividend yield tops 5%. The company has increased its dividend for 15 consecutive years. Verizon should easily be able to keep that streak going with a payout ratio of less than 48%.</p><p>Sure, Verizon probably won&#39;t deliver sizzling growth. However, the company could have better growth opportunities than you might think with its high-speed 5G network, especially in expanding further in the home internet market. There&#39;s more good news for Verizon than there is bad news.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-Yield Dividend Stocks to Buy in a Market Rebound</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-Yield Dividend Stocks to Buy in a Market Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-05 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/04/3-high-yield-dividend-stocks-to-buy-in-a-market-re/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bad news tends to overshadow good news. That's especially the case when there has been a lot of bad news in recent weeks as we have experienced. However, there's now good news as well. The major stock...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/04/3-high-yield-dividend-stocks-to-buy-in-a-market-re/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","REIT":"ALPS Active REIT ETF","BK4534":"瑞士信贷持仓","BK4176":"多领域控股","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4581":"高盛持仓","BRK.A":"伯克希尔"},"source_url":"https://www.fool.com/investing/2022/04/04/3-high-yield-dividend-stocks-to-buy-in-a-market-re/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2224132370","content_text":"Bad news tends to overshadow good news. That's especially the case when there has been a lot of bad news in recent weeks as we have experienced. However, there's now good news as well. The major stock market indices have been rising. None of them are in a bear market now -- and the S&P 500 is no longer in correction territory.Income investors could especially have a great opportunity to lock in attractive dividend yields right now. Here are three high-yield dividend stocks to buy in a market rebound.1. Enterprise Products PartnersEnterprise Products Partners didn't sink as most stocks have in recent months. The major midstream energy company's shares are up close to 18% year to date.This solid gain makes sense considering the current overall dynamics of the oil and gas industry. Prices have risen in part due to worries about the Russian invasion of Ukraine. However, the demand for oil and gas has also increased as the global economy recovers from the impact of the COVID-19 pandemic.Enterprise has been a key beneficiary of these tailwinds with its pipelines, natural gas processing facilities, and storage facilities. It should also profit further if the stock market continues to rebound and economic uncertainties fade. But even if not, Enterprise is a stock that should hold up well no matter what the market does.The company offers a juicy dividend yield of 7.2%. Enterprise has also increased its distribution for 23 consecutive years. There aren't too many high-yield dividend stocks with such an impressive track record.2. Medical Properties TrustMedical Properties Trust stock hasn't fared quite so well. Its shares are still down around 9% year to date after beginning to bounce back in mid-March. However, the company's underlying business hasn't skipped a beat.That underlying business is owning and leasing hospitals. Medical Properties Trust is a real estate investment trust (REIT) with around 440 facilities in its portfolio. Roughly 60% of these properties are in the U.S. with the remaining hospitals in eight other countries -- primarily in Europe.As you might expect, Medical Properties Trust's lease revenue doesn't rise or fall based on stock market gyrations. Higher inflation rates shouldn't be a big problem, either. The REIT has rent escalators based on the Consumer Price Index built into more than 99% of its leases.REITs are known for their dividends. Medical Properties Trust is no slouch on that front. Its dividend yield currently stands at nearly 5.5%. The company has increased its dividend for eight consecutive years.3. Verizon CommunicationsVerizon Communications claims a distinction that very few high-yield dividend stocks have: It's one of Warren Buffett's favorites. The telecom giant ranks as the eighth-largest holding in Berkshire Hathaway's portfolio.Should you buy Verizon just because Buffett likes it? Of course not. However, it's a good idea to at least consider what an investor such as the Oracle of Omaha might find attractive about Verizon.The dividend certainly stands out. Verizon's dividend yield tops 5%. The company has increased its dividend for 15 consecutive years. Verizon should easily be able to keep that streak going with a payout ratio of less than 48%.Sure, Verizon probably won't deliver sizzling growth. However, the company could have better growth opportunities than you might think with its high-speed 5G network, especially in expanding further in the home internet market. There's more good news for Verizon than there is bad news.","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019375379,"gmtCreate":1648546391627,"gmtModify":1676534352369,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019375379","repostId":"1118625922","repostType":4,"repost":{"id":"1118625922","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":1648545971,"share":"https://www.laohu8.com/m/news/1118625922?lang=&edition=full","pubTime":"2022-03-29 17:26","market":"us","language":"en","title":"Sea Shares Rallied 3% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1118625922","media":"Tiger Newspress","summary":"Sea shares rallied 3% in premarket trading as it's decision to close India operations seen as a \"cle","content":"<html><head></head><body><p>Sea shares rallied 3% in premarket trading as it&#39;s decision to close India operations seen as a &#34;clear positive&#34;.</p><p><img src=\"https://static.tigerbbs.com/0834d72d7f05a064ef983f3948f72873\" tg-width=\"841\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/></p><p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, Sea said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></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>Sea Shares Rallied 3% in Premarket 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\">\nSea Shares Rallied 3% in Premarket 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\">2022-03-29 17:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea shares rallied 3% in premarket trading as it&#39;s decision to close India operations seen as a &#34;clear positive&#34;.</p><p><img src=\"https://static.tigerbbs.com/0834d72d7f05a064ef983f3948f72873\" tg-width=\"841\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/></p><p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, Sea said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118625922","content_text":"Sea shares rallied 3% in premarket trading as it's decision to close India operations seen as a \"clear positive\".Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982797385,"gmtCreate":1667256597248,"gmtModify":1676537884292,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9982797385","repostId":"1165961334","repostType":4,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986116399,"gmtCreate":1666912895511,"gmtModify":1676537828193,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986116399","repostId":"2278017954","repostType":4,"repost":{"id":"2278017954","pubTimestamp":1666912500,"share":"https://www.laohu8.com/m/news/2278017954?lang=&edition=full","pubTime":"2022-10-28 07:15","market":"us","language":"en","title":"Amazon Shares Plunge on Forecast for Sluggish Holiday Sales","url":"https://stock-news.laohu8.com/highlight/detail?id=2278017954","media":"Bloomberg","summary":"Amazon.com Inc. projected sluggish sales for the holiday quarter as the e-commerce giant contends wi","content":"<html><head></head><body><p>Amazon.com Inc. projected sluggish sales for the holiday quarter as the e-commerce giant contends with slower growth and consumers cutting their spending in the face of economic uncertainty. Shares plunged almost 20% in extended trading.</p><p>The Seattle-based company said revenue would be $140 billion to $148 billion in the three-month period ending the year, far short of analysts’ average estimate of $156 billion.</p><p>Third-quarter revenue increased 15% to $127.1 billion, the company said Thursday in a statement. Analysts had projected sales of $127.6 billion. Earnings per share in the period ended Sept. 30 were 28 cents, compared with 31 cents a share a year earlier, adjusting for a 20-to-1 stock split that took effect in June.</p><p>“There is obviously a lot happening in the macroeconomic environment, and we’ll balance our investments to be more streamlined without compromising our key long-term, strategic bets,” Chief Executive Officer Andy Jassy said in the statement. “What won’t change is our maniacal focus on the customer experience, and we feel confident that we’re ready to deliver a great experience for customers this holiday shopping season.”</p><p>Some independent sellers on Amazon’s website, who account for a majority of unit sales, are bracing for a rough holiday season. <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Inc. forecast that US e-commerce sales in November and December will rise just 2.5% from the prior year.</p><p>The world’s largest online retailer has spent this year adjusting to a sharp slowdown in e-commerce growth as shoppers resumed pre-pandemic habits. In response, Amazon is cutting costs, delaying warehouse openings, freezing hiring in its retail group and shutting down experimental projects.</p><p>Despite Jassy’s pledge to cut costs, Amazon reported operating expenses jumped almost 18% to $125 billion. It was the fifth consecutive quarter the company’s expenses have increased faster than revenue growth. The number of full- and part-time employees rose 5% to more than 1.54 million.</p><p>Technology and content expenses, a rough proxy for the company’s spending on research and development, as well as its Amazon Web Services cloud-computing division, surged 35%, the biggest jump since 2018. That partly reflects bigger stock payouts Amazon is making to recruit and retain employees in a competitive market for technologists.</p><p>Still, Amazon returned to profitability after two quarters of losses, posting $2.9 billion in net income. The prior losses reflected declines in the value of the company’s roughly 17% stake in Rivian Automotive Inc. The electric automaker’s shares are down sharply following a November 2021 initial public offering, but have steadied in recent months.</p><p>Sales at AWS increased 27% to $20.5 billion. Analysts, on average, projected $21 billion, according to data compiled by Bloomberg. Online store revenue rose 7.1% to $53.5 billion.</p><p>The shares fell to a low of $87.59 in extended trading after closing at $110.96 in New York. The stock has dropped 33% this year.</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>Amazon Shares Plunge on Forecast for Sluggish Holiday Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Shares Plunge on Forecast for Sluggish Holiday Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-28 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amazon-shares-plunge-forecast-sluggish-203612854.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. projected sluggish sales for the holiday quarter as the e-commerce giant contends with slower growth and consumers cutting their spending in the face of economic uncertainty. Shares ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amazon-shares-plunge-forecast-sluggish-203612854.html\">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://finance.yahoo.com/news/amazon-shares-plunge-forecast-sluggish-203612854.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278017954","content_text":"Amazon.com Inc. projected sluggish sales for the holiday quarter as the e-commerce giant contends with slower growth and consumers cutting their spending in the face of economic uncertainty. Shares plunged almost 20% in extended trading.The Seattle-based company said revenue would be $140 billion to $148 billion in the three-month period ending the year, far short of analysts’ average estimate of $156 billion.Third-quarter revenue increased 15% to $127.1 billion, the company said Thursday in a statement. Analysts had projected sales of $127.6 billion. Earnings per share in the period ended Sept. 30 were 28 cents, compared with 31 cents a share a year earlier, adjusting for a 20-to-1 stock split that took effect in June.“There is obviously a lot happening in the macroeconomic environment, and we’ll balance our investments to be more streamlined without compromising our key long-term, strategic bets,” Chief Executive Officer Andy Jassy said in the statement. “What won’t change is our maniacal focus on the customer experience, and we feel confident that we’re ready to deliver a great experience for customers this holiday shopping season.”Some independent sellers on Amazon’s website, who account for a majority of unit sales, are bracing for a rough holiday season. Adobe Inc. forecast that US e-commerce sales in November and December will rise just 2.5% from the prior year.The world’s largest online retailer has spent this year adjusting to a sharp slowdown in e-commerce growth as shoppers resumed pre-pandemic habits. In response, Amazon is cutting costs, delaying warehouse openings, freezing hiring in its retail group and shutting down experimental projects.Despite Jassy’s pledge to cut costs, Amazon reported operating expenses jumped almost 18% to $125 billion. It was the fifth consecutive quarter the company’s expenses have increased faster than revenue growth. The number of full- and part-time employees rose 5% to more than 1.54 million.Technology and content expenses, a rough proxy for the company’s spending on research and development, as well as its Amazon Web Services cloud-computing division, surged 35%, the biggest jump since 2018. That partly reflects bigger stock payouts Amazon is making to recruit and retain employees in a competitive market for technologists.Still, Amazon returned to profitability after two quarters of losses, posting $2.9 billion in net income. The prior losses reflected declines in the value of the company’s roughly 17% stake in Rivian Automotive Inc. The electric automaker’s shares are down sharply following a November 2021 initial public offering, but have steadied in recent months.Sales at AWS increased 27% to $20.5 billion. Analysts, on average, projected $21 billion, according to data compiled by Bloomberg. Online store revenue rose 7.1% to $53.5 billion.The shares fell to a low of $87.59 in extended trading after closing at $110.96 in New York. The stock has dropped 33% this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919693447,"gmtCreate":1663797915389,"gmtModify":1676537335886,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9919693447","repostId":"1109921858","repostType":4,"repost":{"id":"1109921858","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":1663785473,"share":"https://www.laohu8.com/m/news/1109921858?lang=&edition=full","pubTime":"2022-09-22 02:37","market":"us","language":"en","title":"Fed Is Purposefully Hiking Rates in Commitment to Tame Inflation: Powell's Press Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1109921858","media":"Tiger Newspress","summary":"The Federal Reserve is raising rates \"purposefully\" to reach levels to bring down inflation, Federal","content":"<html><head></head><body><ul><li>The Federal Reserve is raising rates &#34;purposefully&#34; to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points for a third straight meeting.</li><li>The Federal Open Market Committee&#39;s median expectation for GDP growth was trimmed to 0.2% this year and to 1.2% for next year, he said.</li><li>Labor markets are still extremely tight and job gains are robust, Powell said. &#34;The labor market continues to be out of balance,&#34; he added.</li><li>&#34;Price pressures remain evident&#34; across a broad range of goods and services, though energy prices have declined.</li><li>&#34;At some point&#34; a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.</li></ul><ul><li>In Powell&#39;s estimation, the Fed has just moved its rate to the &#34;very lowest&#34; level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.</li><li>&#34;My main message has not changed at all since Jackson Hole,&#34; he said.</li><li>&#34;There&#39;s only modest evidence that the labor market has cooled. In light of the high inflation that we&#39;re seeing, we think that we&#39;ll need to bring the federal funds rate to a restrictive level and keep it there for some time.&#34; The central bankers will need to see &#34;clear evidence&#34; that inflation is moving toward its 2% objective before slowing the rate hike pace.</li><li>The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.</li><li>He would not predict the size of the rate increase at the next meeting. &#34;The median for year-end suggests another 125 basis points,&#34; but another group of policymakers saw 100 bp of increases by year-end, Powell said. &#34;We&#39;re committed to a restrictive level and getting there pretty quickly.&#34;</li><li>As for its balance sheet shrinking plan, the Fed isn&#39;t considering a decision on selling mortgage-backed securities &#34;anytime soon,&#34; the Fed chair said.</li><li>The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states &#34;are flush with cash,&#34; he said. &#34;There&#39;s good reason to think it will be a reasonably strong economy,&#34; Powell said.</li><li>A &#34;difficult correction&#34; in the housing market should result in a more normal price growth path, compared with the red-hot housing market earlier this year.</li><li>The CME FedWatchtool now puts a 69.1% probability of a 75 bps rate hike at the next FOMC meeting in November, and then a 65.7% chance for a 50 bps increase in December.</li><li>Powell ends the press conference, saying the path the Fed takes &#34;will be enough&#34; to bring inflation down.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Is Purposefully Hiking Rates in Commitment to Tame Inflation: Powell's Press Conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Is Purposefully Hiking Rates in Commitment to Tame Inflation: Powell's Press Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-22 02:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>The Federal Reserve is raising rates &#34;purposefully&#34; to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points for a third straight meeting.</li><li>The Federal Open Market Committee&#39;s median expectation for GDP growth was trimmed to 0.2% this year and to 1.2% for next year, he said.</li><li>Labor markets are still extremely tight and job gains are robust, Powell said. &#34;The labor market continues to be out of balance,&#34; he added.</li><li>&#34;Price pressures remain evident&#34; across a broad range of goods and services, though energy prices have declined.</li><li>&#34;At some point&#34; a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.</li></ul><ul><li>In Powell&#39;s estimation, the Fed has just moved its rate to the &#34;very lowest&#34; level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.</li><li>&#34;My main message has not changed at all since Jackson Hole,&#34; he said.</li><li>&#34;There&#39;s only modest evidence that the labor market has cooled. In light of the high inflation that we&#39;re seeing, we think that we&#39;ll need to bring the federal funds rate to a restrictive level and keep it there for some time.&#34; The central bankers will need to see &#34;clear evidence&#34; that inflation is moving toward its 2% objective before slowing the rate hike pace.</li><li>The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.</li><li>He would not predict the size of the rate increase at the next meeting. &#34;The median for year-end suggests another 125 basis points,&#34; but another group of policymakers saw 100 bp of increases by year-end, Powell said. &#34;We&#39;re committed to a restrictive level and getting there pretty quickly.&#34;</li><li>As for its balance sheet shrinking plan, the Fed isn&#39;t considering a decision on selling mortgage-backed securities &#34;anytime soon,&#34; the Fed chair said.</li><li>The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states &#34;are flush with cash,&#34; he said. &#34;There&#39;s good reason to think it will be a reasonably strong economy,&#34; Powell said.</li><li>A &#34;difficult correction&#34; in the housing market should result in a more normal price growth path, compared with the red-hot housing market earlier this year.</li><li>The CME FedWatchtool now puts a 69.1% probability of a 75 bps rate hike at the next FOMC meeting in November, and then a 65.7% chance for a 50 bps increase in December.</li><li>Powell ends the press conference, saying the path the Fed takes &#34;will be enough&#34; to bring inflation down.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109921858","content_text":"The Federal Reserve is raising rates \"purposefully\" to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points for a third straight meeting.The Federal Open Market Committee's median expectation for GDP growth was trimmed to 0.2% this year and to 1.2% for next year, he said.Labor markets are still extremely tight and job gains are robust, Powell said. \"The labor market continues to be out of balance,\" he added.\"Price pressures remain evident\" across a broad range of goods and services, though energy prices have declined.\"At some point\" a slower pace of rate increases will be appropriate, and the FOMC will make their rate decision on meeting-by-meeting basis, Powell added.In Powell's estimation, the Fed has just moved its rate to the \"very lowest\" level of restrictive. Commodity prices look like they may have peaked, but factors such as the war in Ukraine still cloud the outlook.\"My main message has not changed at all since Jackson Hole,\" he said.\"There's only modest evidence that the labor market has cooled. In light of the high inflation that we're seeing, we think that we'll need to bring the federal funds rate to a restrictive level and keep it there for some time.\" The central bankers will need to see \"clear evidence\" that inflation is moving toward its 2% objective before slowing the rate hike pace.The expectation that rates will need to stay restrictive for longer will hurt the chances for a soft landing, he said.He would not predict the size of the rate increase at the next meeting. \"The median for year-end suggests another 125 basis points,\" but another group of policymakers saw 100 bp of increases by year-end, Powell said. \"We're committed to a restrictive level and getting there pretty quickly.\"As for its balance sheet shrinking plan, the Fed isn't considering a decision on selling mortgage-backed securities \"anytime soon,\" the Fed chair said.The rate hikes are having an effect on interest-sensitive spending (such as housing). However, consumers still have some savings and the states \"are flush with cash,\" he said. \"There's good reason to think it will be a reasonably strong economy,\" Powell said.A \"difficult correction\" in the housing market should result in a more normal price growth path, compared with the red-hot housing market earlier this year.The CME FedWatchtool now puts a 69.1% probability of a 75 bps rate hike at the next FOMC meeting in November, and then a 65.7% chance for a 50 bps increase in December.Powell ends the press conference, saying the path the Fed takes \"will be enough\" to bring inflation down.","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065867801,"gmtCreate":1652172488803,"gmtModify":1676535045567,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065867801","repostId":"1107369711","repostType":4,"repost":{"id":"1107369711","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":1652172239,"share":"https://www.laohu8.com/m/news/1107369711?lang=&edition=full","pubTime":"2022-05-10 16:43","market":"us","language":"en","title":"U.S. Futures Climb on Dip Buying","url":"https://stock-news.laohu8.com/highlight/detail?id=1107369711","media":"Tiger Newspress","summary":"Futures on the Nasdaq 100 Index jump 1.7% a day after valuations on the equity gauge plummet to the lowest in two years.","content":"<html><head></head><body><p>U.S. equity-index futures rallied as dip buyers emerged from the ruins of Monday’s rout, even though sentiment remained fragile over concerns about inflation and economic growth.</p><p>Futures on the Nasdaq 100 Index jumped 1.7% a day after valuations on the equity gauge plummeted to the lowest in two years. S&amp;P 500 contracts rose more than 1%. Haven demand eased, with the dollar halting a three-day advance and Treasuries falling across the curve.</p><p><img src=\"https://static.tigerbbs.com/098a1fa9d37e8db97e1b5504a1ba406e\" tg-width=\"458\" tg-height=\"225\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Traders are caught between stubbornly high inflation that erodes asset values and central-bank tightening that threatens to slow economic growth, or even push some nations into recession. Recent U.S. data suggesting the Federal Reserve will stay on an aggressive rate-hike path have sparked the latest bout of risk-off trades.</p><p>“For now, investors need to be prepared for continued volatility,” Solita Marcelli, Americas chief investment officer at UBS Global Wealth Management, wrote in a note. She added “sentiment is bearish” but not capitulating.</p><p>Investors’ attention now turns to the U.S. April consumer-price index print on Wednesday. They will be looking for clues on whether inflation is nearing a peak, or increases the threat of a 75 basis-point rate hike by the Fed, rather than the 50 basis-point move the markets seem to have made peace with.</p><p>In the latest policy comments, Fed Bank of Atlanta President Raphael Bostic said he favors continuing to raise rates by half-point moves rather than anything larger. He said the odds for a 75-basis-point hike are low but added he’s taking nothing off the table.</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. Futures Climb on Dip Buying</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. Futures Climb on Dip Buying\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-10 16:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. equity-index futures rallied as dip buyers emerged from the ruins of Monday’s rout, even though sentiment remained fragile over concerns about inflation and economic growth.</p><p>Futures on the Nasdaq 100 Index jumped 1.7% a day after valuations on the equity gauge plummeted to the lowest in two years. S&amp;P 500 contracts rose more than 1%. Haven demand eased, with the dollar halting a three-day advance and Treasuries falling across the curve.</p><p><img src=\"https://static.tigerbbs.com/098a1fa9d37e8db97e1b5504a1ba406e\" tg-width=\"458\" tg-height=\"225\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Traders are caught between stubbornly high inflation that erodes asset values and central-bank tightening that threatens to slow economic growth, or even push some nations into recession. Recent U.S. data suggesting the Federal Reserve will stay on an aggressive rate-hike path have sparked the latest bout of risk-off trades.</p><p>“For now, investors need to be prepared for continued volatility,” Solita Marcelli, Americas chief investment officer at UBS Global Wealth Management, wrote in a note. She added “sentiment is bearish” but not capitulating.</p><p>Investors’ attention now turns to the U.S. April consumer-price index print on Wednesday. They will be looking for clues on whether inflation is nearing a peak, or increases the threat of a 75 basis-point rate hike by the Fed, rather than the 50 basis-point move the markets seem to have made peace with.</p><p>In the latest policy comments, Fed Bank of Atlanta President Raphael Bostic said he favors continuing to raise rates by half-point moves rather than anything larger. He said the odds for a 75-basis-point hike are low but added he’s taking nothing off the table.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107369711","content_text":"U.S. equity-index futures rallied as dip buyers emerged from the ruins of Monday’s rout, even though sentiment remained fragile over concerns about inflation and economic growth.Futures on the Nasdaq 100 Index jumped 1.7% a day after valuations on the equity gauge plummeted to the lowest in two years. S&P 500 contracts rose more than 1%. Haven demand eased, with the dollar halting a three-day advance and Treasuries falling across the curve.Traders are caught between stubbornly high inflation that erodes asset values and central-bank tightening that threatens to slow economic growth, or even push some nations into recession. Recent U.S. data suggesting the Federal Reserve will stay on an aggressive rate-hike path have sparked the latest bout of risk-off trades.“For now, investors need to be prepared for continued volatility,” Solita Marcelli, Americas chief investment officer at UBS Global Wealth Management, wrote in a note. She added “sentiment is bearish” but not capitulating.Investors’ attention now turns to the U.S. April consumer-price index print on Wednesday. They will be looking for clues on whether inflation is nearing a peak, or increases the threat of a 75 basis-point rate hike by the Fed, rather than the 50 basis-point move the markets seem to have made peace with.In the latest policy comments, Fed Bank of Atlanta President Raphael Bostic said he favors continuing to raise rates by half-point moves rather than anything larger. He said the odds for a 75-basis-point hike are low but added he’s taking nothing off the table.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965790373,"gmtCreate":1670021549593,"gmtModify":1676538288597,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965790373","repostId":"2288994246","repostType":4,"repost":{"id":"2288994246","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1670017787,"share":"https://www.laohu8.com/m/news/2288994246?lang=&edition=full","pubTime":"2022-12-03 05:49","market":"us","language":"en","title":"US STOCKS-S&P 500 Ends Slightly Lower After Jobs Report","url":"https://stock-news.laohu8.com/highlight/detail?id=2288994246","media":"Reuters","summary":"Job growth beats expectationsUnemployment rate steady at 3.7%Ford falls on lower November vehicle sa","content":"<html><head></head><body><ul><li style=\"text-align:left;\">Job growth beats expectations</li><li style=\"text-align:left;\">Unemployment rate steady at 3.7%</li><li style=\"text-align:left;\">Ford falls on lower November vehicle sales</li><li style=\"text-align:left;\">Dow up 0.1%, S&amp;P 500 down 0.12%, Nasdaq down 0.18%</li></ul><p>NEW YORK, Dec 2 (Reuters) - The S&amp;P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation.</p><p>The Labor Department&#39;s jobs report showed nonfarm payrolls rose by 263,000, above expectations of 200,000 and wage growth accelerated even as recession concerns increase.</p><p>The U.S. unemployment rate remained unchanged, as expected, at 3.7%.</p><p>&#34;Wage growth has been in an uptrend since August,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investment in Menomonee Falls, Wisconsin.</p><p>&#34;We will have to see that trend reverse for the Fed to be comfortable with a pause. Until then, they’ll continue to taper towards a pause.&#34;</p><p>Investors have been looking for signs of weakness in the labor market, especially wages, as a precursor to faster cooling of inflation that will enable the Fed to slow and eventually stop its current rate hike cycle.</p><p>Stocks had rallied earlier in the week after Fed Chair Jerome Powell&#39;s comments on scaling back interest rates hikes as early as December.</p><p>The Dow Jones Industrial Average rose 34.87 points, or 0.1%, to 34,429.88, the S&amp;P 500 lost 4.87 points, or 0.12%, to 4,071.7 and the Nasdaq Composite dropped 20.95 points, or 0.18%, to 11,461.50.</p><p>Still, equities ended the session off their lowest levels of the day that saw each of the major indexes tumble at least 1%, with the Dow managing a slight gain.</p><p>&#34;If anything, I am actually encouraged by how the market is clawing its way back from the level we were at today. It is another indication the market is looking for at least a seasonal December rally,&#34; said Sam Stovall, chief investment strategist at CFRA in New York.</p><p>&#34;The market is beginning to look across the valley and say, &#39;OK, a year from now the Fed will likely be on hold and considering cutting rates.&#39;&#34;</p><p>The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year that saw the central bank attempt to stifle the fastest rate of inflation since the 1980s with record interest rates increases.</p><p>The major averages notched a second straight week of gains, with the S&amp;P 500 climbing 1.13%, the Dow gaining 0.24% and the Nasdaq rising 2.1%.</p><p>Growth and technology companies such as Apple Inc, down 0.34%, and Amazon, off 1.43%, were pressured by concerns over rising rates but pared declines as U.S. Treasury yields eased throughout the day off earlier highs. The S&amp;P 500 growth index declined 0.29% while technology shares were among the worst performing among the 11 major S&amp;P 500 sectors with a fall of 0.55%.</p><p>Ford Motor Co declined 1.56% on lower vehicle sales in November, while DoorDash Inc 3.38% shed after RBC downgraded the food delivery firm&#39;s stock.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 92 new lows. (Reporting by Chuck Mikolajczak; Editing by Cynthia Osterman)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500 Ends Slightly Lower After Jobs Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500 Ends Slightly Lower After Jobs Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-03 05:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li style=\"text-align:left;\">Job growth beats expectations</li><li style=\"text-align:left;\">Unemployment rate steady at 3.7%</li><li style=\"text-align:left;\">Ford falls on lower November vehicle sales</li><li style=\"text-align:left;\">Dow up 0.1%, S&amp;P 500 down 0.12%, Nasdaq down 0.18%</li></ul><p>NEW YORK, Dec 2 (Reuters) - The S&amp;P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation.</p><p>The Labor Department&#39;s jobs report showed nonfarm payrolls rose by 263,000, above expectations of 200,000 and wage growth accelerated even as recession concerns increase.</p><p>The U.S. unemployment rate remained unchanged, as expected, at 3.7%.</p><p>&#34;Wage growth has been in an uptrend since August,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investment in Menomonee Falls, Wisconsin.</p><p>&#34;We will have to see that trend reverse for the Fed to be comfortable with a pause. Until then, they’ll continue to taper towards a pause.&#34;</p><p>Investors have been looking for signs of weakness in the labor market, especially wages, as a precursor to faster cooling of inflation that will enable the Fed to slow and eventually stop its current rate hike cycle.</p><p>Stocks had rallied earlier in the week after Fed Chair Jerome Powell&#39;s comments on scaling back interest rates hikes as early as December.</p><p>The Dow Jones Industrial Average rose 34.87 points, or 0.1%, to 34,429.88, the S&amp;P 500 lost 4.87 points, or 0.12%, to 4,071.7 and the Nasdaq Composite dropped 20.95 points, or 0.18%, to 11,461.50.</p><p>Still, equities ended the session off their lowest levels of the day that saw each of the major indexes tumble at least 1%, with the Dow managing a slight gain.</p><p>&#34;If anything, I am actually encouraged by how the market is clawing its way back from the level we were at today. It is another indication the market is looking for at least a seasonal December rally,&#34; said Sam Stovall, chief investment strategist at CFRA in New York.</p><p>&#34;The market is beginning to look across the valley and say, &#39;OK, a year from now the Fed will likely be on hold and considering cutting rates.&#39;&#34;</p><p>The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year that saw the central bank attempt to stifle the fastest rate of inflation since the 1980s with record interest rates increases.</p><p>The major averages notched a second straight week of gains, with the S&amp;P 500 climbing 1.13%, the Dow gaining 0.24% and the Nasdaq rising 2.1%.</p><p>Growth and technology companies such as Apple Inc, down 0.34%, and Amazon, off 1.43%, were pressured by concerns over rising rates but pared declines as U.S. Treasury yields eased throughout the day off earlier highs. The S&amp;P 500 growth index declined 0.29% while technology shares were among the worst performing among the 11 major S&amp;P 500 sectors with a fall of 0.55%.</p><p>Ford Motor Co declined 1.56% on lower vehicle sales in November, while DoorDash Inc 3.38% shed after RBC downgraded the food delivery firm&#39;s stock.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 92 new lows. (Reporting by Chuck Mikolajczak; Editing by Cynthia Osterman)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","COMP":"Compass, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288994246","content_text":"Job growth beats expectationsUnemployment rate steady at 3.7%Ford falls on lower November vehicle salesDow up 0.1%, S&P 500 down 0.12%, Nasdaq down 0.18%NEW YORK, Dec 2 (Reuters) - The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation.The Labor Department's jobs report showed nonfarm payrolls rose by 263,000, above expectations of 200,000 and wage growth accelerated even as recession concerns increase.The U.S. unemployment rate remained unchanged, as expected, at 3.7%.\"Wage growth has been in an uptrend since August,\" said Brian Jacobsen, senior investment strategist at Allspring Global Investment in Menomonee Falls, Wisconsin.\"We will have to see that trend reverse for the Fed to be comfortable with a pause. Until then, they’ll continue to taper towards a pause.\"Investors have been looking for signs of weakness in the labor market, especially wages, as a precursor to faster cooling of inflation that will enable the Fed to slow and eventually stop its current rate hike cycle.Stocks had rallied earlier in the week after Fed Chair Jerome Powell's comments on scaling back interest rates hikes as early as December.The Dow Jones Industrial Average rose 34.87 points, or 0.1%, to 34,429.88, the S&P 500 lost 4.87 points, or 0.12%, to 4,071.7 and the Nasdaq Composite dropped 20.95 points, or 0.18%, to 11,461.50.Still, equities ended the session off their lowest levels of the day that saw each of the major indexes tumble at least 1%, with the Dow managing a slight gain.\"If anything, I am actually encouraged by how the market is clawing its way back from the level we were at today. It is another indication the market is looking for at least a seasonal December rally,\" said Sam Stovall, chief investment strategist at CFRA in New York.\"The market is beginning to look across the valley and say, 'OK, a year from now the Fed will likely be on hold and considering cutting rates.'\"The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year that saw the central bank attempt to stifle the fastest rate of inflation since the 1980s with record interest rates increases.The major averages notched a second straight week of gains, with the S&P 500 climbing 1.13%, the Dow gaining 0.24% and the Nasdaq rising 2.1%.Growth and technology companies such as Apple Inc, down 0.34%, and Amazon, off 1.43%, were pressured by concerns over rising rates but pared declines as U.S. Treasury yields eased throughout the day off earlier highs. The S&P 500 growth index declined 0.29% while technology shares were among the worst performing among the 11 major S&P 500 sectors with a fall of 0.55%.Ford Motor Co declined 1.56% on lower vehicle sales in November, while DoorDash Inc 3.38% shed after RBC downgraded the food delivery firm's stock.Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favored advancers.The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 92 new lows. (Reporting by Chuck Mikolajczak; Editing by Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035965167,"gmtCreate":1647487869567,"gmtModify":1676534236740,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035965167","repostId":"2220169793","repostType":4,"repost":{"id":"2220169793","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1647471128,"share":"https://www.laohu8.com/m/news/2220169793?lang=&edition=full","pubTime":"2022-03-17 06:52","market":"us","language":"en","title":"Wall Street Pares Gains after Fed Hikes Rates, Signals More","url":"https://stock-news.laohu8.com/highlight/detail?id=2220169793","media":"Reuters","summary":"* Fed ups rates by 25 basis points, signals 7 hikes for 2022* S&P banks close up 3.7%, financials add 2.9%* Indexes up: Dow 1.55%, S&P 500 2.24%, Nasdaq 3.77%March 16 (Reuters) - The S&P 500closed up ","content":"<html><head></head><body><p>* Fed ups rates by 25 basis points, signals 7 hikes for 2022</p><p>* S&amp;P banks close up 3.7%, financials add 2.9%</p><p>* Indexes up: Dow 1.55%, S&amp;P 500 2.24%, Nasdaq 3.77%</p><p>March 16 (Reuters) - The S&amp;P 500 closed up more than 2% while the Nasdaq rallied almost 4% on Wednesday as investors shrugged off initial jitters following the U.S. Federal Reserve&#39;s interest rate increase and its signal that more hikes would be needed to fight inflation, ending the pandemic-era&#39;s easy monetary policy.</p><p>The central bank announced a quarter-percentage-point increase in its benchmark overnight rate as was widely expected but the projection that its rate would hit between 1.75% and 2% by year&#39;s end was more hawkish than some investors said they had expected.</p><p>While the Fed flagged the massive uncertainty the economy faces from the war between Russia and Ukraine and the ongoing COVID-19 crisis, it said &#34;ongoing increases&#34; in the target federal funds rate &#34;will be appropriate&#34; to curb the highest inflation the country has witnessed in 40 years.</p><p>While the major indexes pared earlier gains sharply and the S&amp;P and the Dow both dipped into the red briefly after the Fed statement, the indexes steadied as Fed chair Jerome Powell spoke at a press conference.</p><p>Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis said investors may be relieved the Fed is taking action against surging inflation.</p><p>&#34;Hearing the Fed finally &#39;say and act&#39; to tackle inflation is somewhat calming for the investment community, and for Main Street struggling with higher inflation,&#34; he said.</p><p>But other market analysts were concerned the aggressive rate hike projected could cause the economy to skid.</p><p>&#34;This looks like a Fed that is intending on causing recession in order to stamp out the inflation problem and that is as short sighted as calling inflation transitory a year ago,” Scott Ladner, chief investment officer, Horizon Investments, Charlotte, North Carolina.</p><p>Joseph LaVorgna, Americas chief economist at Natixis in New York was also skeptical.</p><p>“They’re going to try to be aggressive here in raising rates. I wish Jay Powell and company all the best of luck because they&#39;re not going to get anywhere near as they think, unless they’re willing to throw a lot of people out of jobs, because that&#39;s what&#39;s going to happen.  Because we&#39;re going to have a recession. This is a recession forecast,&#34; he said.</p><p>&#34;I just don&#39;t see the Fed being able to engineer this kind of tightening for what right now is inflationary demand destruction.&#34;</p><p>The Dow Jones Industrial Average rose 518.76 points, or 1.55%, to 34,063.1, the S&amp;P 500 gained 95.41 points, or 2.24%, to 4,357.86 and the Nasdaq Composite added 487.93 points, or 3.77%, to 13,436.55.</p><p>Of the S&amp;P 500&#39;s 11 major industry sectors, the biggest gainers were sectors that had fallen sharply in a recent sell off with consumer discretionary and technology</p><p>both finishing up more than 3% while communications services and financials added almost 3%.</p><p>Only two of the sectors ended the day in the red with energy falling 0.4% and utilities losing 0.2%.</p><p>Historical data suggests tighter monetary policy has often been accompanied by solid gains in stocks. The S&amp;P 500 has returned an average 7.7% in the first year the Fed raises rates, according to a Deutsche Bank study of 13 hiking cycles since 1955.</p><p>Ahead of the Fed statement stocks had been rallying as talk of compromise from both Moscow and Kyiv on a status for Ukraine outside of NATO lifted hope on Wednesday for a potential breakthrough after three weeks of war.</p><p>The global mood had also been lifted earlier by China&#39;s promise to roll out more stimulus for the economy and keep markets stable.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 3.79-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 15 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 29 new highs and 93 new lows.</p><p>On U.S. exchanges 15.82 billion shares changed hands compared with the 14.04 billion 20-day moving average.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Pares Gains after Fed Hikes Rates, Signals More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Pares Gains after Fed Hikes Rates, Signals More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-17 06:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Fed ups rates by 25 basis points, signals 7 hikes for 2022</p><p>* S&amp;P banks close up 3.7%, financials add 2.9%</p><p>* Indexes up: Dow 1.55%, S&amp;P 500 2.24%, Nasdaq 3.77%</p><p>March 16 (Reuters) - The S&amp;P 500 closed up more than 2% while the Nasdaq rallied almost 4% on Wednesday as investors shrugged off initial jitters following the U.S. Federal Reserve&#39;s interest rate increase and its signal that more hikes would be needed to fight inflation, ending the pandemic-era&#39;s easy monetary policy.</p><p>The central bank announced a quarter-percentage-point increase in its benchmark overnight rate as was widely expected but the projection that its rate would hit between 1.75% and 2% by year&#39;s end was more hawkish than some investors said they had expected.</p><p>While the Fed flagged the massive uncertainty the economy faces from the war between Russia and Ukraine and the ongoing COVID-19 crisis, it said &#34;ongoing increases&#34; in the target federal funds rate &#34;will be appropriate&#34; to curb the highest inflation the country has witnessed in 40 years.</p><p>While the major indexes pared earlier gains sharply and the S&amp;P and the Dow both dipped into the red briefly after the Fed statement, the indexes steadied as Fed chair Jerome Powell spoke at a press conference.</p><p>Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis said investors may be relieved the Fed is taking action against surging inflation.</p><p>&#34;Hearing the Fed finally &#39;say and act&#39; to tackle inflation is somewhat calming for the investment community, and for Main Street struggling with higher inflation,&#34; he said.</p><p>But other market analysts were concerned the aggressive rate hike projected could cause the economy to skid.</p><p>&#34;This looks like a Fed that is intending on causing recession in order to stamp out the inflation problem and that is as short sighted as calling inflation transitory a year ago,” Scott Ladner, chief investment officer, Horizon Investments, Charlotte, North Carolina.</p><p>Joseph LaVorgna, Americas chief economist at Natixis in New York was also skeptical.</p><p>“They’re going to try to be aggressive here in raising rates. I wish Jay Powell and company all the best of luck because they&#39;re not going to get anywhere near as they think, unless they’re willing to throw a lot of people out of jobs, because that&#39;s what&#39;s going to happen.  Because we&#39;re going to have a recession. This is a recession forecast,&#34; he said.</p><p>&#34;I just don&#39;t see the Fed being able to engineer this kind of tightening for what right now is inflationary demand destruction.&#34;</p><p>The Dow Jones Industrial Average rose 518.76 points, or 1.55%, to 34,063.1, the S&amp;P 500 gained 95.41 points, or 2.24%, to 4,357.86 and the Nasdaq Composite added 487.93 points, or 3.77%, to 13,436.55.</p><p>Of the S&amp;P 500&#39;s 11 major industry sectors, the biggest gainers were sectors that had fallen sharply in a recent sell off with consumer discretionary and technology</p><p>both finishing up more than 3% while communications services and financials added almost 3%.</p><p>Only two of the sectors ended the day in the red with energy falling 0.4% and utilities losing 0.2%.</p><p>Historical data suggests tighter monetary policy has often been accompanied by solid gains in stocks. The S&amp;P 500 has returned an average 7.7% in the first year the Fed raises rates, according to a Deutsche Bank study of 13 hiking cycles since 1955.</p><p>Ahead of the Fed statement stocks had been rallying as talk of compromise from both Moscow and Kyiv on a status for Ukraine outside of NATO lifted hope on Wednesday for a potential breakthrough after three weeks of war.</p><p>The global mood had also been lifted earlier by China&#39;s promise to roll out more stimulus for the economy and keep markets stable.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 3.79-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 15 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 29 new highs and 93 new lows.</p><p>On U.S. exchanges 15.82 billion shares changed hands compared with the 14.04 billion 20-day moving average.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DDM":"道指两倍做多ETF","UDOW":"道指三倍做多ETF-ProShares","DOG":"道指反向ETF","UPRO":"三倍做多标普500ETF","SPXU":"三倍做空标普500ETF","SPY":"标普500ETF","BK4559":"巴菲特持仓",".DJI":"道琼斯","BK4550":"红杉资本持仓","DXD":"道指两倍做空ETF",".IXIC":"NASDAQ Composite","QID":"纳指两倍做空ETF",".SPX":"S&P 500 Index","OEX":"标普100","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","QLD":"纳指两倍做多ETF","IVV":"标普500指数ETF","SDOW":"道指三倍做空ETF-ProShares","SSO":"两倍做多标普500ETF","PSQ":"纳指反向ETF","DJX":"1/100道琼斯","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","SQQQ":"纳指三倍做空ETF","OEF":"标普100指数ETF-iShares","BK4534":"瑞士信贷持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2220169793","content_text":"* Fed ups rates by 25 basis points, signals 7 hikes for 2022* S&P banks close up 3.7%, financials add 2.9%* Indexes up: Dow 1.55%, S&P 500 2.24%, Nasdaq 3.77%March 16 (Reuters) - The S&P 500 closed up more than 2% while the Nasdaq rallied almost 4% on Wednesday as investors shrugged off initial jitters following the U.S. Federal Reserve's interest rate increase and its signal that more hikes would be needed to fight inflation, ending the pandemic-era's easy monetary policy.The central bank announced a quarter-percentage-point increase in its benchmark overnight rate as was widely expected but the projection that its rate would hit between 1.75% and 2% by year's end was more hawkish than some investors said they had expected.While the Fed flagged the massive uncertainty the economy faces from the war between Russia and Ukraine and the ongoing COVID-19 crisis, it said \"ongoing increases\" in the target federal funds rate \"will be appropriate\" to curb the highest inflation the country has witnessed in 40 years.While the major indexes pared earlier gains sharply and the S&P and the Dow both dipped into the red briefly after the Fed statement, the indexes steadied as Fed chair Jerome Powell spoke at a press conference.Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis said investors may be relieved the Fed is taking action against surging inflation.\"Hearing the Fed finally 'say and act' to tackle inflation is somewhat calming for the investment community, and for Main Street struggling with higher inflation,\" he said.But other market analysts were concerned the aggressive rate hike projected could cause the economy to skid.\"This looks like a Fed that is intending on causing recession in order to stamp out the inflation problem and that is as short sighted as calling inflation transitory a year ago,” Scott Ladner, chief investment officer, Horizon Investments, Charlotte, North Carolina.Joseph LaVorgna, Americas chief economist at Natixis in New York was also skeptical.“They’re going to try to be aggressive here in raising rates. I wish Jay Powell and company all the best of luck because they're not going to get anywhere near as they think, unless they’re willing to throw a lot of people out of jobs, because that's what's going to happen.  Because we're going to have a recession. This is a recession forecast,\" he said.\"I just don't see the Fed being able to engineer this kind of tightening for what right now is inflationary demand destruction.\"The Dow Jones Industrial Average rose 518.76 points, or 1.55%, to 34,063.1, the S&P 500 gained 95.41 points, or 2.24%, to 4,357.86 and the Nasdaq Composite added 487.93 points, or 3.77%, to 13,436.55.Of the S&P 500's 11 major industry sectors, the biggest gainers were sectors that had fallen sharply in a recent sell off with consumer discretionary and technologyboth finishing up more than 3% while communications services and financials added almost 3%.Only two of the sectors ended the day in the red with energy falling 0.4% and utilities losing 0.2%.Historical data suggests tighter monetary policy has often been accompanied by solid gains in stocks. The S&P 500 has returned an average 7.7% in the first year the Fed raises rates, according to a Deutsche Bank study of 13 hiking cycles since 1955.Ahead of the Fed statement stocks had been rallying as talk of compromise from both Moscow and Kyiv on a status for Ukraine outside of NATO lifted hope on Wednesday for a potential breakthrough after three weeks of war.The global mood had also been lifted earlier by China's promise to roll out more stimulus for the economy and keep markets stable.Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 3.79-to-1 ratio favored advancers.The S&P 500 posted 15 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 29 new highs and 93 new lows.On U.S. exchanges 15.82 billion shares changed hands compared with the 14.04 billion 20-day moving average.","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008477236,"gmtCreate":1641517970182,"gmtModify":1676533624269,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>[Glance]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>[Glance]&nbsp;","text":"$Tiger Brokers(TIGR)$[Glance]","images":[{"img":"https://static.itradeup.com/news/70c66044e3b8ac67aee3995610a438df","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008477236","isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9904304122,"gmtCreate":1659999998869,"gmtModify":1703476652156,"author":{"id":"4095988560725080","authorId":"4095988560725080","name":"Ghostwalker","avatar":"https://static.tigerbbs.com/23573df57053ba2bfe809c087c7ce4b1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904304122","repostId":"2258421054","repostType":4,"repost":{"id":"2258421054","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659998851,"share":"https://www.laohu8.com/m/news/2258421054?lang=&edition=full","pubTime":"2022-08-09 06:47","market":"us","language":"en","title":"U.S. FAA Approves First 787 Dreamliner for Delivery Since 2021 -Sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2258421054","media":"Reuters","summary":"WASHINGTON, Aug 8 (Reuters) - The Federal Aviation Administration on Monday approved the first Boein","content":"<html><head></head><body><p>WASHINGTON, Aug 8 (Reuters) - The Federal Aviation Administration on Monday approved the first Boeing 787 Dreamliner for delivery since May 2021, sources told Reuters.</p><p>The plane is set to be delivered to American Airlines as early as Wednesday, the airline confirmed to Reuters. American said the plane &#34;will be delivered from Charleston and is expected to enter commercial service in the coming weeks.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. FAA Approves First 787 Dreamliner for Delivery Since 2021 -Sources</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. FAA Approves First 787 Dreamliner for Delivery Since 2021 -Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-09 06:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WASHINGTON, Aug 8 (Reuters) - The Federal Aviation Administration on Monday approved the first Boeing 787 Dreamliner for delivery since May 2021, sources told Reuters.</p><p>The plane is set to be delivered to American Airlines as early as Wednesday, the airline confirmed to Reuters. American said the plane &#34;will be delivered from Charleston and is expected to enter commercial service in the coming weeks.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音","AAL":"美国航空"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2258421054","content_text":"WASHINGTON, Aug 8 (Reuters) - The Federal Aviation Administration on Monday approved the first Boeing 787 Dreamliner for delivery since May 2021, sources told Reuters.The plane is set to be delivered to American Airlines as early as Wednesday, the airline confirmed to Reuters. American said the plane \"will be delivered from Charleston and is expected to enter commercial service in the coming weeks.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}