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2023-01-06

👍

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2022-10-26

👌

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2022-09-10

Nice read

She Was the Best of Us

2022-07-14

Ok

U.S. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years

2022-05-26

Nice read

A 'Lost Decade' Ahead For Markets?

2022-05-11

Thanks for sharing. Good read

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2022-04-24

Nice sharing

Warren Buffett Turns 91: A Highlight For Each Decade Of His Life

2022-04-24

Nice sharing.

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2022-04-20

Good overview and summary write up

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2022-04-19

Fair write up and analysis

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2022-04-17

Good write up and analysis.

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Go to Tiger App to see more news

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read&nbsp;","listText":"Nice read&nbsp;","text":"Nice read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9936412442","repostId":"2266415879","repostType":4,"repost":{"id":"2266415879","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1662773640,"share":"https://www.laohu8.com/m/news/2266415879?lang=&edition=full","pubTime":"2022-09-10 09:34","market":"us","language":"en","title":"She Was the Best of Us","url":"https://stock-news.laohu8.com/highlight/detail?id=2266415879","media":"Dow Jones","summary":"ByAndrew RobertsMr. Roberts is the author, most recently, of \"The Last King of America: The Misunder","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/8fb38370e84ba1fea7d758c98f97d645\" tg-width=\"1280\" tg-height=\"853\" referrerpolicy=\"no-referrer\"/><i>ByAndrew Roberts</i></p><p><i>Mr. Roberts is the author, most recently, of &#34;The Last King of America: The Misunderstood Reign of George III&#34; and a royal commentator for NBC News.</i></p><p>We British like to believe that we have the virtues of duty, decency, good humor and tolerance as part of our national DNA. There might be some self-delusion in this, and it is certainly not always true, but it is a strong part of our self-defining myth as a people. Of one Briton, however, it genuinely was true, and for 70 years we have known that because of her virtues we would always be proud of her wherever she went -- and thus proud of our country too. She was a fine lifelong role model for millions in Britain, the Commonwealth and around the world.</p><p>The complete certainty that -- whatever the rest of her family might say or do -- Her Majesty The Queen would never embarrass us on the world stage, but would always perform her duties with the utmost professionalism and unflappable calm, made her the soft-power equivalent of an aircraft carrier when it came to international relations. However much our other national institutions might let us down, we always knew that The Queen would never put a step out of place or say a single word that would make us cringe.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96243ab593f31f43979c5b0356e3e1f3\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Queen Elizabeth II and her husband Prince Philip in Buckingham Palace, December 1958. They were married for 73 years before his death in 2021.</span></p><p>In the full glare of the global media for seven decades, meeting hundreds of thousands of people one-on-one and untold millions in public events, traveling to over a hundred countries of the world, dealing with delicate diplomatic incidents that today are history but at the time could have produced strife, advising 15 prime ministers from Winston Churchill to Liz Truss, she knew just what to do. It seems almost superhuman; it was certainly the absolute acme of professionalism. Would to God that more of our leaders in public life had a fraction of her grace, her gravitas and, above all, her common sense.</p><p>The Queen had an uncanny knack for encapsulating in a phrase what the rest of us think but rarely quite put into words, or at least rarely have the opportunity to say to the right person at the right time. &#34;Why did no one see it coming?&#34; she asked Mervyn King, the Governor of the Bank of England, about the 2008 Great Crash. &#34;Why would anyone want the job?&#34; she asked Boris Johnson when he became prime minister during the Brexit maelstrom. Then there was the sixth sense she had for what her people were feeling. When they were hurting financially during the Great Crash, she canceled her birthday party at the Ritz. And of course there was her choice of the apposite phrase. &#34;Grief is the price we pay for love,&#34; she said in the aftermath of 9/11, encapsulating precisely what the West was feeling.</p><p>Remember those words as we watch the long line of mourning Britons and her subjects from 15 countries across the globe next week, stretching from her catafalque in Westminster Hall. I strongly suspect that it will go down the Thames all the way to the City of London financial district in the east of the capital, as they pay their respects at her lying-in-state. They will come from across the four kingdoms and from around the world; they will wait patiently in line for very many hours on end; they will doggedly put up with the rain and cold winds all night; they will josh with the coppers and stay cheerful; they will bring their children and grandchildren who will one day be able to tell their own children and grandchildren that they paid their last respects to Queen Elizabeth II, Elizabeth the Good.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c415ea69257bd5839a78c9d5e0eca6f1\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Left to right: West German Chancellor Helmut Kohl, Queen Elizabeth II, President Ronald Reagan and U.K. Prime Minister Margaret Thatcher at Buckingham Palace during a summit for world leaders, June 1984.</span></p><p>Everyone would have perfectly understood if Her Majesty had decided to appoint Liz Truss as prime minister by a <a href=\"https://laohu8.com/S/ZM\">Zoom</a> call. She had missed the Braemar Highland Games and had been suffering ill health, and a personal meeting wasn&#39;t strictly constitutionally necessary. As we now know -- and as she herself might well have suspected -- she only had two more days to live. But anyone who thought that she would put her personal comfort before what she saw as her duty doesn&#39;t understand the character of The Queen, the last of the Greatest Generation. When she was shot at six times as she rode down the Mall at the Trooping of the Colour in 1981, she didn&#39;t know the assailant was firing blanks, but she carried on the parade regardless. That is the kind of raw courage we took for granted from her.</p><p>Britain has undergone several extremely difficult moments over the past 70 years as it has been transformed in almost every conceivable way. The Suez Crisis, only four years into the Queen&#39;s reign, forced us to come to terms with the loss of the largest empire in world history over the course of only a decade or so, yet we never responded to the imperial humiliation in the way that France did in Algeria, let alone the way Putin is doing in Ukraine. The 1970s saw the serious danger of Britain slipping into the position of a third-rank power, and the tough-love medicine that Margaret Thatcher imposed to reverse that trajectory in the 1980s led to violent strikes and riots, yet not to worse. The issue of race hatred is thankfully largely behind Britons now, but we must never forget that it occasionally caused civil unrest. The refusal of much of the Establishment to accept the result of the Brexit referendum toxified British politics for half a decade. British history since 1952 hasn&#39;t been plain sailing.</p><p>Yet the knowledge that at the apex of our political system, our constitutional structure, our armed forces, our Commonwealth, our legal system and our national church stood a lady of irreproachable morals, who moreover confined her political involvement to advising, encouraging and warning but never to partisan politics, has exercised an inestimably positive influence on our public life. Liz Truss wasn&#39;t exaggerating when she perceptively said that the Queen was &#34;the rock upon which modern Britain was built.&#34;</p><p>Although she was a small &#34;c&#34; conservative in many aspects of life, as many nonagenarians naturally are, The Queen was always exemplary in the way that she never interfered in politics, and Sir Keir Starmer&#39;s public statement showed that the Labour Party admired her just as much as the large-c Conservatives. In a country that is being riven by extreme partisan politics at the moment, as Britons face a post-Covid future and inflationary spirals, admiration for her was one of the few things that united both frontbenches in parliament. Now even that has gone.</p><p>More than a century separated the births of The Queen&#39;s first prime minister, Winston Churchill, and her last, Liz Truss. Even more extraordinary, the 96 years of her life constitutes 39% of the existence of the United States as an independent country. Her love of the United States -- her only incognito holidays were taken in Kentucky -- was instrumental in keeping our most important alliance, the Special Relationship, as fresh as it is profound. We have only just begun to note the number of ways we are going to miss her, on both the international and the domestic stages.</p><p>A millennium-old monarchy is a book of many chapters. One unusually long and glorious chapter has closed, and a new one is now opening. If Britain today seems somewhat untethered, mournful of course but also apprehensive, it is because King Charles III has almost impossibly large boots to fill. Yet he has been waiting for 70 of his 73 years for the role to devolve upon him and is therefore supremely ready for it. There is something immensely spiritually right that a role such as this is assumed during a period of mourning. Politicians take power feeling like they have won the lottery; monarchs accede to thrones mournful at the death of their parent. Succession at a time of somber reflection rather than exultant triumph is part of the genius of constitutional monarchy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/874414f0f61b424aaf7b94a980470613\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Queen Elizabeth II in the House of Lords for the opening of Parliament, May 2015. She continued to fulfill her duties until the end, appointing her 15th prime minister, Liz Truss, on Sept 6.</span></p><p>We as a nation made The Queen do things that we would never, ever, even consider doing ourselves. We expected her to do her job to the age of 96, when we retire at 65, and to keep doing it up to two days before her death. We expected her to invite bloodthirsty dictators to stay in her home, because British foreign policy interests required it. We expected her, aged 86, to stand on a boat in the Thames in the freezing rain during the diamond jubilee, waving for hour after hour. We expected her to shake the hand of a former IRA gunmen who approved the murder of her husband&#39;s uncle. We expected her to smile and charm and shake hands cordially, whatever she might privately have been feeling inside about her family&#39;s all-too-public traumas.</p><p>She did all of it, and in 70 years she never once complained. She was the best of us.</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>She Was the Best of Us</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\">\nShe Was the Best of Us\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-10 09:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/8fb38370e84ba1fea7d758c98f97d645\" tg-width=\"1280\" tg-height=\"853\" referrerpolicy=\"no-referrer\"/><i>ByAndrew Roberts</i></p><p><i>Mr. Roberts is the author, most recently, of &#34;The Last King of America: The Misunderstood Reign of George III&#34; and a royal commentator for NBC News.</i></p><p>We British like to believe that we have the virtues of duty, decency, good humor and tolerance as part of our national DNA. There might be some self-delusion in this, and it is certainly not always true, but it is a strong part of our self-defining myth as a people. Of one Briton, however, it genuinely was true, and for 70 years we have known that because of her virtues we would always be proud of her wherever she went -- and thus proud of our country too. She was a fine lifelong role model for millions in Britain, the Commonwealth and around the world.</p><p>The complete certainty that -- whatever the rest of her family might say or do -- Her Majesty The Queen would never embarrass us on the world stage, but would always perform her duties with the utmost professionalism and unflappable calm, made her the soft-power equivalent of an aircraft carrier when it came to international relations. However much our other national institutions might let us down, we always knew that The Queen would never put a step out of place or say a single word that would make us cringe.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96243ab593f31f43979c5b0356e3e1f3\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Queen Elizabeth II and her husband Prince Philip in Buckingham Palace, December 1958. They were married for 73 years before his death in 2021.</span></p><p>In the full glare of the global media for seven decades, meeting hundreds of thousands of people one-on-one and untold millions in public events, traveling to over a hundred countries of the world, dealing with delicate diplomatic incidents that today are history but at the time could have produced strife, advising 15 prime ministers from Winston Churchill to Liz Truss, she knew just what to do. It seems almost superhuman; it was certainly the absolute acme of professionalism. Would to God that more of our leaders in public life had a fraction of her grace, her gravitas and, above all, her common sense.</p><p>The Queen had an uncanny knack for encapsulating in a phrase what the rest of us think but rarely quite put into words, or at least rarely have the opportunity to say to the right person at the right time. &#34;Why did no one see it coming?&#34; she asked Mervyn King, the Governor of the Bank of England, about the 2008 Great Crash. &#34;Why would anyone want the job?&#34; she asked Boris Johnson when he became prime minister during the Brexit maelstrom. Then there was the sixth sense she had for what her people were feeling. When they were hurting financially during the Great Crash, she canceled her birthday party at the Ritz. And of course there was her choice of the apposite phrase. &#34;Grief is the price we pay for love,&#34; she said in the aftermath of 9/11, encapsulating precisely what the West was feeling.</p><p>Remember those words as we watch the long line of mourning Britons and her subjects from 15 countries across the globe next week, stretching from her catafalque in Westminster Hall. I strongly suspect that it will go down the Thames all the way to the City of London financial district in the east of the capital, as they pay their respects at her lying-in-state. They will come from across the four kingdoms and from around the world; they will wait patiently in line for very many hours on end; they will doggedly put up with the rain and cold winds all night; they will josh with the coppers and stay cheerful; they will bring their children and grandchildren who will one day be able to tell their own children and grandchildren that they paid their last respects to Queen Elizabeth II, Elizabeth the Good.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c415ea69257bd5839a78c9d5e0eca6f1\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Left to right: West German Chancellor Helmut Kohl, Queen Elizabeth II, President Ronald Reagan and U.K. Prime Minister Margaret Thatcher at Buckingham Palace during a summit for world leaders, June 1984.</span></p><p>Everyone would have perfectly understood if Her Majesty had decided to appoint Liz Truss as prime minister by a <a href=\"https://laohu8.com/S/ZM\">Zoom</a> call. She had missed the Braemar Highland Games and had been suffering ill health, and a personal meeting wasn&#39;t strictly constitutionally necessary. As we now know -- and as she herself might well have suspected -- she only had two more days to live. But anyone who thought that she would put her personal comfort before what she saw as her duty doesn&#39;t understand the character of The Queen, the last of the Greatest Generation. When she was shot at six times as she rode down the Mall at the Trooping of the Colour in 1981, she didn&#39;t know the assailant was firing blanks, but she carried on the parade regardless. That is the kind of raw courage we took for granted from her.</p><p>Britain has undergone several extremely difficult moments over the past 70 years as it has been transformed in almost every conceivable way. The Suez Crisis, only four years into the Queen&#39;s reign, forced us to come to terms with the loss of the largest empire in world history over the course of only a decade or so, yet we never responded to the imperial humiliation in the way that France did in Algeria, let alone the way Putin is doing in Ukraine. The 1970s saw the serious danger of Britain slipping into the position of a third-rank power, and the tough-love medicine that Margaret Thatcher imposed to reverse that trajectory in the 1980s led to violent strikes and riots, yet not to worse. The issue of race hatred is thankfully largely behind Britons now, but we must never forget that it occasionally caused civil unrest. The refusal of much of the Establishment to accept the result of the Brexit referendum toxified British politics for half a decade. British history since 1952 hasn&#39;t been plain sailing.</p><p>Yet the knowledge that at the apex of our political system, our constitutional structure, our armed forces, our Commonwealth, our legal system and our national church stood a lady of irreproachable morals, who moreover confined her political involvement to advising, encouraging and warning but never to partisan politics, has exercised an inestimably positive influence on our public life. Liz Truss wasn&#39;t exaggerating when she perceptively said that the Queen was &#34;the rock upon which modern Britain was built.&#34;</p><p>Although she was a small &#34;c&#34; conservative in many aspects of life, as many nonagenarians naturally are, The Queen was always exemplary in the way that she never interfered in politics, and Sir Keir Starmer&#39;s public statement showed that the Labour Party admired her just as much as the large-c Conservatives. In a country that is being riven by extreme partisan politics at the moment, as Britons face a post-Covid future and inflationary spirals, admiration for her was one of the few things that united both frontbenches in parliament. Now even that has gone.</p><p>More than a century separated the births of The Queen&#39;s first prime minister, Winston Churchill, and her last, Liz Truss. Even more extraordinary, the 96 years of her life constitutes 39% of the existence of the United States as an independent country. Her love of the United States -- her only incognito holidays were taken in Kentucky -- was instrumental in keeping our most important alliance, the Special Relationship, as fresh as it is profound. We have only just begun to note the number of ways we are going to miss her, on both the international and the domestic stages.</p><p>A millennium-old monarchy is a book of many chapters. One unusually long and glorious chapter has closed, and a new one is now opening. If Britain today seems somewhat untethered, mournful of course but also apprehensive, it is because King Charles III has almost impossibly large boots to fill. Yet he has been waiting for 70 of his 73 years for the role to devolve upon him and is therefore supremely ready for it. There is something immensely spiritually right that a role such as this is assumed during a period of mourning. Politicians take power feeling like they have won the lottery; monarchs accede to thrones mournful at the death of their parent. Succession at a time of somber reflection rather than exultant triumph is part of the genius of constitutional monarchy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/874414f0f61b424aaf7b94a980470613\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Queen Elizabeth II in the House of Lords for the opening of Parliament, May 2015. She continued to fulfill her duties until the end, appointing her 15th prime minister, Liz Truss, on Sept 6.</span></p><p>We as a nation made The Queen do things that we would never, ever, even consider doing ourselves. We expected her to do her job to the age of 96, when we retire at 65, and to keep doing it up to two days before her death. We expected her to invite bloodthirsty dictators to stay in her home, because British foreign policy interests required it. We expected her, aged 86, to stand on a boat in the Thames in the freezing rain during the diamond jubilee, waving for hour after hour. We expected her to shake the hand of a former IRA gunmen who approved the murder of her husband&#39;s uncle. We expected her to smile and charm and shake hands cordially, whatever she might privately have been feeling inside about her family&#39;s all-too-public traumas.</p><p>She did all of it, and in 70 years she never once complained. She was the best of us.</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":"2266415879","content_text":"ByAndrew RobertsMr. Roberts is the author, most recently, of \"The Last King of America: The Misunderstood Reign of George III\" and a royal commentator for NBC News.We British like to believe that we have the virtues of duty, decency, good humor and tolerance as part of our national DNA. There might be some self-delusion in this, and it is certainly not always true, but it is a strong part of our self-defining myth as a people. Of one Briton, however, it genuinely was true, and for 70 years we have known that because of her virtues we would always be proud of her wherever she went -- and thus proud of our country too. She was a fine lifelong role model for millions in Britain, the Commonwealth and around the world.The complete certainty that -- whatever the rest of her family might say or do -- Her Majesty The Queen would never embarrass us on the world stage, but would always perform her duties with the utmost professionalism and unflappable calm, made her the soft-power equivalent of an aircraft carrier when it came to international relations. However much our other national institutions might let us down, we always knew that The Queen would never put a step out of place or say a single word that would make us cringe.Queen Elizabeth II and her husband Prince Philip in Buckingham Palace, December 1958. They were married for 73 years before his death in 2021.In the full glare of the global media for seven decades, meeting hundreds of thousands of people one-on-one and untold millions in public events, traveling to over a hundred countries of the world, dealing with delicate diplomatic incidents that today are history but at the time could have produced strife, advising 15 prime ministers from Winston Churchill to Liz Truss, she knew just what to do. It seems almost superhuman; it was certainly the absolute acme of professionalism. Would to God that more of our leaders in public life had a fraction of her grace, her gravitas and, above all, her common sense.The Queen had an uncanny knack for encapsulating in a phrase what the rest of us think but rarely quite put into words, or at least rarely have the opportunity to say to the right person at the right time. \"Why did no one see it coming?\" she asked Mervyn King, the Governor of the Bank of England, about the 2008 Great Crash. \"Why would anyone want the job?\" she asked Boris Johnson when he became prime minister during the Brexit maelstrom. Then there was the sixth sense she had for what her people were feeling. When they were hurting financially during the Great Crash, she canceled her birthday party at the Ritz. And of course there was her choice of the apposite phrase. \"Grief is the price we pay for love,\" she said in the aftermath of 9/11, encapsulating precisely what the West was feeling.Remember those words as we watch the long line of mourning Britons and her subjects from 15 countries across the globe next week, stretching from her catafalque in Westminster Hall. I strongly suspect that it will go down the Thames all the way to the City of London financial district in the east of the capital, as they pay their respects at her lying-in-state. They will come from across the four kingdoms and from around the world; they will wait patiently in line for very many hours on end; they will doggedly put up with the rain and cold winds all night; they will josh with the coppers and stay cheerful; they will bring their children and grandchildren who will one day be able to tell their own children and grandchildren that they paid their last respects to Queen Elizabeth II, Elizabeth the Good.Left to right: West German Chancellor Helmut Kohl, Queen Elizabeth II, President Ronald Reagan and U.K. Prime Minister Margaret Thatcher at Buckingham Palace during a summit for world leaders, June 1984.Everyone would have perfectly understood if Her Majesty had decided to appoint Liz Truss as prime minister by a Zoom call. She had missed the Braemar Highland Games and had been suffering ill health, and a personal meeting wasn't strictly constitutionally necessary. As we now know -- and as she herself might well have suspected -- she only had two more days to live. But anyone who thought that she would put her personal comfort before what she saw as her duty doesn't understand the character of The Queen, the last of the Greatest Generation. When she was shot at six times as she rode down the Mall at the Trooping of the Colour in 1981, she didn't know the assailant was firing blanks, but she carried on the parade regardless. That is the kind of raw courage we took for granted from her.Britain has undergone several extremely difficult moments over the past 70 years as it has been transformed in almost every conceivable way. The Suez Crisis, only four years into the Queen's reign, forced us to come to terms with the loss of the largest empire in world history over the course of only a decade or so, yet we never responded to the imperial humiliation in the way that France did in Algeria, let alone the way Putin is doing in Ukraine. The 1970s saw the serious danger of Britain slipping into the position of a third-rank power, and the tough-love medicine that Margaret Thatcher imposed to reverse that trajectory in the 1980s led to violent strikes and riots, yet not to worse. The issue of race hatred is thankfully largely behind Britons now, but we must never forget that it occasionally caused civil unrest. The refusal of much of the Establishment to accept the result of the Brexit referendum toxified British politics for half a decade. British history since 1952 hasn't been plain sailing.Yet the knowledge that at the apex of our political system, our constitutional structure, our armed forces, our Commonwealth, our legal system and our national church stood a lady of irreproachable morals, who moreover confined her political involvement to advising, encouraging and warning but never to partisan politics, has exercised an inestimably positive influence on our public life. Liz Truss wasn't exaggerating when she perceptively said that the Queen was \"the rock upon which modern Britain was built.\"Although she was a small \"c\" conservative in many aspects of life, as many nonagenarians naturally are, The Queen was always exemplary in the way that she never interfered in politics, and Sir Keir Starmer's public statement showed that the Labour Party admired her just as much as the large-c Conservatives. In a country that is being riven by extreme partisan politics at the moment, as Britons face a post-Covid future and inflationary spirals, admiration for her was one of the few things that united both frontbenches in parliament. Now even that has gone.More than a century separated the births of The Queen's first prime minister, Winston Churchill, and her last, Liz Truss. Even more extraordinary, the 96 years of her life constitutes 39% of the existence of the United States as an independent country. Her love of the United States -- her only incognito holidays were taken in Kentucky -- was instrumental in keeping our most important alliance, the Special Relationship, as fresh as it is profound. We have only just begun to note the number of ways we are going to miss her, on both the international and the domestic stages.A millennium-old monarchy is a book of many chapters. One unusually long and glorious chapter has closed, and a new one is now opening. If Britain today seems somewhat untethered, mournful of course but also apprehensive, it is because King Charles III has almost impossibly large boots to fill. Yet he has been waiting for 70 of his 73 years for the role to devolve upon him and is therefore supremely ready for it. There is something immensely spiritually right that a role such as this is assumed during a period of mourning. Politicians take power feeling like they have won the lottery; monarchs accede to thrones mournful at the death of their parent. Succession at a time of somber reflection rather than exultant triumph is part of the genius of constitutional monarchy.Queen Elizabeth II in the House of Lords for the opening of Parliament, May 2015. She continued to fulfill her duties until the end, appointing her 15th prime minister, Liz Truss, on Sept 6.We as a nation made The Queen do things that we would never, ever, even consider doing ourselves. We expected her to do her job to the age of 96, when we retire at 65, and to keep doing it up to two days before her death. We expected her to invite bloodthirsty dictators to stay in her home, because British foreign policy interests required it. We expected her, aged 86, to stand on a boat in the Thames in the freezing rain during the diamond jubilee, waving for hour after hour. We expected her to shake the hand of a former IRA gunmen who approved the murder of her husband's uncle. We expected her to smile and charm and shake hands cordially, whatever she might privately have been feeling inside about her family's all-too-public traumas.She did all of it, and in 70 years she never once complained. She was the best of us.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076991356,"gmtCreate":1657767335575,"gmtModify":1676536059223,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076991356","repostId":"1193857181","repostType":4,"repost":{"id":"1193857181","pubTimestamp":1657725838,"share":"https://www.laohu8.com/m/news/1193857181?lang=&edition=full","pubTime":"2022-07-13 23:23","market":"us","language":"en","title":"U.S. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1193857181","media":"Seeking Alpha","summary":"June Consumer PriceIndex:+1.3%vs.+1.1% consensus and +1.0% prior.The energy index rose 7.5% M/M, con","content":"<html><head></head><body><p>June Consumer PriceIndex:<b>+1.3%</b>vs.+1.1% consensus and +1.0% prior.</p><p>The energy index rose 7.5% M/M, contributing almost half of the all-items increase; the gasoline index jumped 11.2%. The food index increased 1.0% in June.</p><p>Y/Y, CPI<b>+9.1%</b>vs. 8.8% consensus and +8.6% prior.</p><p>The numbers reflect broad-based increase in inflation, with gasoline, shelter, and food being the largest contributors.</p><p>The Y/Y jump reflects the biggest gain since November 1981, commented Bankrate Senior Economic analyst Mark Hamrick. &#34;The offenders again were all too familiar to consumers, those being gasoline, food, and shelter.&#34;</p><p>Charles Schwab economist Liz Ann Sonderspoints out that owners&#39; equivalent rent continued to climb with a 5.5% annual increase, its strongest since September 1990.</p><p>Core CPI:<b>+0.7%</b>vs. +0.5% consensus and +0.6% prior.</p><p>Y/Y, core CPI:<b>+5.9%</b>vs. +5.8% consensus and +6.0% prior.</p><p>The stronger-than-expected numbers keep the pressure on the Federal Reserve to get inflation under control. Some traders are now expecting a 100 basis point rate increase at the central bank&#39;s July meeting. The CME Fed Watch tool puts a 33.2% probability on the one full percentage point hike and a 66.8% probability on a 75-bp increase.</p><p>&#34;With the hot month-over-month and year-over-year numbers coming in as they have, this tells the Federal Reserve it has more work to do with higher interest rates to eventually achieve its mandate of stable prices, or lower inflation, in this case. Look for another rate increase of as much as 75 basis points at the FOMC meeting at the end of this month,&#34; said Bankrate&#39;s Hamrick.</p><p>In the core CPI&#39;s month-over-month increase, the biggest contributors were shelter, used cars and trucks, medical care, motor vehicle insurance, and new vehicles.</p><p>Only a few major component indexes declined in June, including lodging away from home and airline fares.</p><p>The hotter-than-expected inflation print harpooned equity futures, pushing Nasdaq futures down 2.1%, S&amp;P futures-1.4%and Dow futures-1.0%. The 10-year Treasury yield jumped 6 basis points to 3.04%.</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. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years</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. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3856359-consumer-pride-index-surges-91-in-june-core-cpi-grows-59><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June Consumer PriceIndex:+1.3%vs.+1.1% consensus and +1.0% prior.The energy index rose 7.5% M/M, contributing almost half of the all-items increase; the gasoline index jumped 11.2%. The food index ...</p>\n\n<a href=\"https://seekingalpha.com/news/3856359-consumer-pride-index-surges-91-in-june-core-cpi-grows-59\">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://seekingalpha.com/news/3856359-consumer-pride-index-surges-91-in-june-core-cpi-grows-59","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193857181","content_text":"June Consumer PriceIndex:+1.3%vs.+1.1% consensus and +1.0% prior.The energy index rose 7.5% M/M, contributing almost half of the all-items increase; the gasoline index jumped 11.2%. The food index increased 1.0% in June.Y/Y, CPI+9.1%vs. 8.8% consensus and +8.6% prior.The numbers reflect broad-based increase in inflation, with gasoline, shelter, and food being the largest contributors.The Y/Y jump reflects the biggest gain since November 1981, commented Bankrate Senior Economic analyst Mark Hamrick. \"The offenders again were all too familiar to consumers, those being gasoline, food, and shelter.\"Charles Schwab economist Liz Ann Sonderspoints out that owners' equivalent rent continued to climb with a 5.5% annual increase, its strongest since September 1990.Core CPI:+0.7%vs. +0.5% consensus and +0.6% prior.Y/Y, core CPI:+5.9%vs. +5.8% consensus and +6.0% prior.The stronger-than-expected numbers keep the pressure on the Federal Reserve to get inflation under control. Some traders are now expecting a 100 basis point rate increase at the central bank's July meeting. The CME Fed Watch tool puts a 33.2% probability on the one full percentage point hike and a 66.8% probability on a 75-bp increase.\"With the hot month-over-month and year-over-year numbers coming in as they have, this tells the Federal Reserve it has more work to do with higher interest rates to eventually achieve its mandate of stable prices, or lower inflation, in this case. Look for another rate increase of as much as 75 basis points at the FOMC meeting at the end of this month,\" said Bankrate's Hamrick.In the core CPI's month-over-month increase, the biggest contributors were shelter, used cars and trucks, medical care, motor vehicle insurance, and new vehicles.Only a few major component indexes declined in June, including lodging away from home and airline fares.The hotter-than-expected inflation print harpooned equity futures, pushing Nasdaq futures down 2.1%, S&P futures-1.4%and Dow futures-1.0%. The 10-year Treasury yield jumped 6 basis points to 3.04%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022267713,"gmtCreate":1653532698432,"gmtModify":1676535300037,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice read","listText":"Nice read","text":"Nice read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022267713","repostId":"2238349985","repostType":4,"repost":{"id":"2238349985","pubTimestamp":1653478561,"share":"https://www.laohu8.com/m/news/2238349985?lang=&edition=full","pubTime":"2022-05-25 19:36","market":"us","language":"en","title":"A 'Lost Decade' Ahead For Markets?","url":"https://stock-news.laohu8.com/highlight/detail?id=2238349985","media":"Real Investment Advice","summary":"SummaryOver the last 120 years, valuations have consistently proved to be a strong predictor of futu","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Over the last 120 years, valuations have consistently proved to be a strong predictor of future returns with lost decades a common occurrence.</li><li>Given the low growth economic environment, low rates, and weak inflation, a market return significantly lower over the last decade is logical.</li><li>For investors, understanding potential returns from any given valuation point is crucial when considering putting “savings” at risk.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f94ec5a136143cd7ad29bbcd8d447c49\" tg-width=\"750\" tg-height=\"455\" referrerpolicy=\"no-referrer\"/><span>nevarpp/iStock via Getty Images</span></p><p>Is a <i>“lost decade”</i> ahead for markets? We and many others have discussed a topic regarding financial market valuations and forward returns. Now, halfway into 2022, all of a sudden, the <i>“crazy talk”</i> of valuations seems a lot less crazy as bear markets growl.</p><p>However, it wasn’t that long ago the mainstream media discounted valuations and forward returns. For example, in December 2021, <b><i>Ben Carlson</i></b> recounted a presenter at a 2010-2011 conference who discussed valuations for a 60/40 allocation in the 95th percentile. Historically, that suggested investors were doomed for a low-return environment of roughly 2-3% over the next decade. As he states:</p><blockquote><i>“Instead, this happened.”</i></blockquote><p><img src=\"https://static.tigerbbs.com/0c90169df4b853eb6bf65a91748fb4f3\" tg-width=\"1280\" tg-height=\"747\" referrerpolicy=\"no-referrer\"/></p><blockquote><i>“U.S. growth is up almost 20% per year. The S&amp;P 500 is up more than 16% per year. Small caps are up almost 14% per year. REITs rose more than 11% annually. Everyone has been dancing on the grave of value stocks for years now, yet they’re up nearly 14% per year over the last decade.</i></blockquote><blockquote><i>A simple 60/40 portfolio of U.S. stocks and bonds is up around 11% per year over the past 10 years.”</i></blockquote><p>Valuation and forward return assumptions were wrong then.</p><p>Or were they?</p><p><b>Real Market Returns</b></p><p>Over the last 120 years, valuations have consistently proved to be a strong predictor of future returns with lost decades a common occurrence. However, as we discussed previously in <b><i>“Rationalizing High Valuations:”</i></b></p><blockquote><i>“The mistake investors repeatedly make is dismissing the data in the short-term because there is no immediate impact on price returns.</i><i><b>Valuations by their very nature are HORRIBLE predictors of 12-month returns.</b></i><i> Investors avoid any investment strategy which has such a focus.</i><i><b> In the longer term, however, valuations are strong predictors of expected returns.”</b></i></blockquote><p>The chart below shows valuations and rolling 10-year total real returns. The obvious conclusion is that overpaying for value leads to lost decades.</p><p><img src=\"https://static.tigerbbs.com/10c4919c16d7114781eca70ca0e77438\" tg-width=\"1024\" tg-height=\"625\" referrerpolicy=\"no-referrer\"/></p><p>However, let’s go back to Ben’s comment above. In 2009, valuations had corrected significantly, not only from the <i>“Financial Crisis”</i> peak but also from the preceding <i>“Dot.com”</i> bubble. Therefore, investors should have expected forward returns on equities to be higher over the next decade.</p><p>The chart below shows this more clearly. I highlighted the three previous points for reference.</p><ol><li><i>The “Dot.com” bubble peak.</i></li><li><i>January 2009 (Start of the current bull market cycle)</i></li><li><i>Ending valuation for 2021.</i></li></ol><p><img src=\"https://static.tigerbbs.com/03e8f87a4aec06a73f2e6ebd29c7aa7f\" tg-width=\"1024\" tg-height=\"601\" referrerpolicy=\"no-referrer\"/></p><p>From 2000 through 2010, a lost decade, annual returns after inflation were indeed negative. Such is what 43x earnings predicted at that time.</p><p><b>An Artificial Support</b></p><p>The Wall Street Journal recently discussed the last decade’s stellar returns.</p><blockquote><i>“Investors’ optimism is easier to understand if <a href=\"https://laohu8.com/S/AONE.U\">one</a> looks at the 10 years through the end of 2021, during which the compound annual return of the benchmark S&amp;P 500 was a very good 16.6%. Not so far from what those surveyed extrapolated. Its components need closer scrutiny, though.”</i></blockquote><p><img src=\"https://static.tigerbbs.com/f708a45c45c49c4711d84827db0a19eb\" tg-width=\"571\" tg-height=\"510\" referrerpolicy=\"no-referrer\"/></p><p>While the Wall Street Journal then tries to make the case that profit margins were responsible for the bulk of the gains, the reality is most of the excess returns came from just two unique sources.</p><ol><li><i>A decade of monetary interventions and zero interest rate policies; and,</i></li><li><i>A massive spending spree by</i> <i><b>corporations on share repurchases.</b></i></li></ol><blockquote><i>The chart below via Pavilion Global Markets shows the impact of stock buybacks on the market over the last decade. The decomposition of returns for the S&amp;P 500 breaks down as follows:</i></blockquote><ul><li><i>21% from multiple expansions,</i></li><li><i>31.4% from earnings,</i></li><li><i>7.1% from dividends, and</i></li><li><i><b>40.5% from share buybacks.</b></i></li></ul><p><img src=\"https://static.tigerbbs.com/51be7216313c0927c9790e6221582a41\" tg-width=\"1024\" tg-height=\"733\" referrerpolicy=\"no-referrer\"/></p><blockquote><i>In other words, in the absence of share repurchases, the stock market would not be pushing record highs of 4700 but instead levels closer to 2800.</i></blockquote><blockquote><i><b>Such would mean that stocks returned a total of about 3% annually or 42% in total over those 14 years.</b></i></blockquote><p>Given the low growth economic environment, low rates, and weak inflation, a market return significantly lower over the last decade is logical. However, given the injections of over <b><i>$43 Trillion in liquidity,</i></b> corporate stock buying, and the <b><i>artificial suppression of rates,</i></b> the outsized returns were not surprising.</p><p>The question is whether those artificial influences can be sustained for another decade.</p><p><b>Lost Decade Ahead?</b></p><blockquote><i>“As sour as the mood has seemed lately, the S&amp;P 500 would drop by another 45% or so if both margins and price/earnings multiples reverted to their long-run averages. Such would take the benchmark back to a level it first crossed five years ago.</i></blockquote><blockquote><i>That sounds alarmist, but stocks’ level in 2031 could be the same whether Mr. Grantham is correct or not about a sharp bear market. The alternative could be milder selloffs and recoveries along the lines of what we have experienced recently that lead stocks exactly nowhere.” – WSJ</i></blockquote><p><i>“Reversions to the mean”</i> is one of the most powerful forces in finance, The importance of which often gets lost during a raging <i>“bull market”</i> that seemingly defies all logic. Such was a point made by David Leonhardt previously:</p><blockquote><i>“The classic 1934 textbook ‘Security Analysis’ – by Benjamin Graham, a mentor to Warren Buffett, and David Dodd – urged investors to compare stock prices to earnings over</i><i><b>‘not less than five years, preferably seven or ten years.’</b></i><i> Ten years is enough time for the economy to go in and out of recession.</i><i><b>It’s enough time for faddish theories about new paradigms to come and go.</b></i><i>”</i></blockquote><p><img src=\"https://static.tigerbbs.com/88f6ac93e586c7afc1e85e52d0aad891\" tg-width=\"1024\" tg-height=\"596\" referrerpolicy=\"no-referrer\"/></p><p>What does such mean for future equity returns?</p><blockquote><i>“Vanguard regularly puts out expected returns for various asset classes using ranges in their estimates. Here are their latest 10 year forward return projections:</i></blockquote><blockquote><i>With a projected inflation rate of around 2% per year, the real return estimate for U.S. stocks is somewhere in the range of 0-2% real. They have growth stocks going negative after inflation over the next decade.” – Ben Carlson</i></blockquote><p><img src=\"https://static.tigerbbs.com/a77454a1559f1a764003eb444630264e\" tg-width=\"749\" tg-height=\"654\" referrerpolicy=\"no-referrer\"/></p><p>Notably, while such commentary is often cast as <i>“bearish,”</i> such forecasts are a reflection of:</p><ol><li><i>Math; and,</i></li><li><i>Reversion</i>s</li></ol><p>The second is critically essential.</p><p><b>The Most Powerful Force In Finance</b></p><p>Throughout history, whether it is valuations, prices, profits, or any other metric, eventually, and always, deviations revert to the mean. Such was a point discussed in <i><b>“The Market Is Disconnected From Everything.”</b></i></p><blockquote><i>“</i><i><b>Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism.</b></i><i> If high profits do not attract competition, there is something wrong with the system, and it is not functioning properly.” – Jeremy Grantham</i></blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5f6c42f677db962aed352d488d49244\" tg-width=\"1024\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/><span>Data Through 2021</span></p><p><b>Markets are not cheap by any measure.</b> If earnings growth fails to achieve high expectations, interest rates rise, or profit margins shrink due to inflation, the bull market thesis will collapse as <i>“expectations”</i> collide with <i>“reality.”</i></p><p><b>A Lesson To Be Learned</b></p><p>Such is not a dire prediction of doom and gloom, nor is it a <i>“bearish”</i> forecast. <b>It is just a function of how “</b><b><i>math works over long periods.”</i></b>However, during a <i>“raging bull market,”</i> investors always lose sight of long-term realities. As Howard Marks noted in a<i> Bloomberg interview</i>:</p><blockquote><i><b>“Fear of missing out has taken over from the fear of losing money.</b></i><i>If people are risk-tolerant and afraid of being out of the market,</i><i><b>they buy aggressively, in which case you can’t find any bargains. That’s where we are now. That’s what the Fed engineered by putting rates at zero.</b></i></blockquote><blockquote><b><i>“We are back to where we were a year ago—uncertainty, prospective returns that are even lower than they were a year ago, and higher asset prices than a year ago.</i></b><i> People are back to having to take on more risk to get return. At Oaktree, we are back to a cautious approach.</i><i><b>This is not the kind of environment in which you would be buying with both hands.</b></i></blockquote><blockquote><b><i>The prospective returns are low on everything.”</i></b></blockquote><p>For investors, understanding potential returns from any given valuation point is crucial when considering putting <i>“savings”</i> at risk. <b>Risk is an essential concept as it is the expectation of</b><b><i>“loss.”</i></b></p><p><b>The more risk investors take within a portfolio, the greater the destruction of capital when reversions occur.</b></p><p>This time is <i>“not different.”</i> The only difference will be what triggers the subsequent valuation reversion and when it eventually occurs.</p><p>Two previous bear markets taught many this lesson. <b>Unfortunately, a whole generation of investors is learning this lesson the hard way.</b></p></body></html>","source":"lsy1603271479234","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A 'Lost Decade' Ahead For Markets?</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; 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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\">\nA 'Lost Decade' Ahead For Markets?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-25 19:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://realinvestmentadvice.com/a-lost-decade-ahead-for-markets/><strong>Real Investment Advice</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryOver the last 120 years, valuations have consistently proved to be a strong predictor of future returns with lost decades a common occurrence.Given the low growth economic environment, low ...</p>\n\n<a href=\"https://realinvestmentadvice.com/a-lost-decade-ahead-for-markets/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://realinvestmentadvice.com/a-lost-decade-ahead-for-markets/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238349985","content_text":"SummaryOver the last 120 years, valuations have consistently proved to be a strong predictor of future returns with lost decades a common occurrence.Given the low growth economic environment, low rates, and weak inflation, a market return significantly lower over the last decade is logical.For investors, understanding potential returns from any given valuation point is crucial when considering putting “savings” at risk.nevarpp/iStock via Getty ImagesIs a “lost decade” ahead for markets? We and many others have discussed a topic regarding financial market valuations and forward returns. Now, halfway into 2022, all of a sudden, the “crazy talk” of valuations seems a lot less crazy as bear markets growl.However, it wasn’t that long ago the mainstream media discounted valuations and forward returns. For example, in December 2021, Ben Carlson recounted a presenter at a 2010-2011 conference who discussed valuations for a 60/40 allocation in the 95th percentile. Historically, that suggested investors were doomed for a low-return environment of roughly 2-3% over the next decade. As he states:“Instead, this happened.”“U.S. growth is up almost 20% per year. The S&P 500 is up more than 16% per year. Small caps are up almost 14% per year. REITs rose more than 11% annually. Everyone has been dancing on the grave of value stocks for years now, yet they’re up nearly 14% per year over the last decade.A simple 60/40 portfolio of U.S. stocks and bonds is up around 11% per year over the past 10 years.”Valuation and forward return assumptions were wrong then.Or were they?Real Market ReturnsOver the last 120 years, valuations have consistently proved to be a strong predictor of future returns with lost decades a common occurrence. However, as we discussed previously in “Rationalizing High Valuations:”“The mistake investors repeatedly make is dismissing the data in the short-term because there is no immediate impact on price returns.Valuations by their very nature are HORRIBLE predictors of 12-month returns. Investors avoid any investment strategy which has such a focus. In the longer term, however, valuations are strong predictors of expected returns.”The chart below shows valuations and rolling 10-year total real returns. The obvious conclusion is that overpaying for value leads to lost decades.However, let’s go back to Ben’s comment above. In 2009, valuations had corrected significantly, not only from the “Financial Crisis” peak but also from the preceding “Dot.com” bubble. Therefore, investors should have expected forward returns on equities to be higher over the next decade.The chart below shows this more clearly. I highlighted the three previous points for reference.The “Dot.com” bubble peak.January 2009 (Start of the current bull market cycle)Ending valuation for 2021.From 2000 through 2010, a lost decade, annual returns after inflation were indeed negative. Such is what 43x earnings predicted at that time.An Artificial SupportThe Wall Street Journal recently discussed the last decade’s stellar returns.“Investors’ optimism is easier to understand if one looks at the 10 years through the end of 2021, during which the compound annual return of the benchmark S&P 500 was a very good 16.6%. Not so far from what those surveyed extrapolated. Its components need closer scrutiny, though.”While the Wall Street Journal then tries to make the case that profit margins were responsible for the bulk of the gains, the reality is most of the excess returns came from just two unique sources.A decade of monetary interventions and zero interest rate policies; and,A massive spending spree by corporations on share repurchases.The chart below via Pavilion Global Markets shows the impact of stock buybacks on the market over the last decade. The decomposition of returns for the S&P 500 breaks down as follows:21% from multiple expansions,31.4% from earnings,7.1% from dividends, and40.5% from share buybacks.In other words, in the absence of share repurchases, the stock market would not be pushing record highs of 4700 but instead levels closer to 2800.Such would mean that stocks returned a total of about 3% annually or 42% in total over those 14 years.Given the low growth economic environment, low rates, and weak inflation, a market return significantly lower over the last decade is logical. However, given the injections of over $43 Trillion in liquidity, corporate stock buying, and the artificial suppression of rates, the outsized returns were not surprising.The question is whether those artificial influences can be sustained for another decade.Lost Decade Ahead?“As sour as the mood has seemed lately, the S&P 500 would drop by another 45% or so if both margins and price/earnings multiples reverted to their long-run averages. Such would take the benchmark back to a level it first crossed five years ago.That sounds alarmist, but stocks’ level in 2031 could be the same whether Mr. Grantham is correct or not about a sharp bear market. The alternative could be milder selloffs and recoveries along the lines of what we have experienced recently that lead stocks exactly nowhere.” – WSJ“Reversions to the mean” is one of the most powerful forces in finance, The importance of which often gets lost during a raging “bull market” that seemingly defies all logic. Such was a point made by David Leonhardt previously:“The classic 1934 textbook ‘Security Analysis’ – by Benjamin Graham, a mentor to Warren Buffett, and David Dodd – urged investors to compare stock prices to earnings over‘not less than five years, preferably seven or ten years.’ Ten years is enough time for the economy to go in and out of recession.It’s enough time for faddish theories about new paradigms to come and go.”What does such mean for future equity returns?“Vanguard regularly puts out expected returns for various asset classes using ranges in their estimates. Here are their latest 10 year forward return projections:With a projected inflation rate of around 2% per year, the real return estimate for U.S. stocks is somewhere in the range of 0-2% real. They have growth stocks going negative after inflation over the next decade.” – Ben CarlsonNotably, while such commentary is often cast as “bearish,” such forecasts are a reflection of:Math; and,ReversionsThe second is critically essential.The Most Powerful Force In FinanceThroughout history, whether it is valuations, prices, profits, or any other metric, eventually, and always, deviations revert to the mean. Such was a point discussed in “The Market Is Disconnected From Everything.”“Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system, and it is not functioning properly.” – Jeremy GranthamData Through 2021Markets are not cheap by any measure. If earnings growth fails to achieve high expectations, interest rates rise, or profit margins shrink due to inflation, the bull market thesis will collapse as “expectations” collide with “reality.”A Lesson To Be LearnedSuch is not a dire prediction of doom and gloom, nor is it a “bearish” forecast. It is just a function of how “math works over long periods.”However, during a “raging bull market,” investors always lose sight of long-term realities. As Howard Marks noted in a Bloomberg interview:“Fear of missing out has taken over from the fear of losing money.If people are risk-tolerant and afraid of being out of the market,they buy aggressively, in which case you can’t find any bargains. That’s where we are now. That’s what the Fed engineered by putting rates at zero.“We are back to where we were a year ago—uncertainty, prospective returns that are even lower than they were a year ago, and higher asset prices than a year ago. People are back to having to take on more risk to get return. At Oaktree, we are back to a cautious approach.This is not the kind of environment in which you would be buying with both hands.The prospective returns are low on everything.”For investors, understanding potential returns from any given valuation point is crucial when considering putting “savings” at risk. Risk is an essential concept as it is the expectation of“loss.”The more risk investors take within a portfolio, the greater the destruction of capital when reversions occur.This time is “not different.” The only difference will be what triggers the subsequent valuation reversion and when it eventually occurs.Two previous bear markets taught many this lesson. Unfortunately, a whole generation of investors is learning this lesson the hard way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064025184,"gmtCreate":1652252698949,"gmtModify":1676535062435,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Thanks for sharing. Good read","listText":"Thanks for sharing. Good read","text":"Thanks for sharing. Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064025184","repostId":"2234697813","repostType":4,"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084300755,"gmtCreate":1650804428024,"gmtModify":1676534795618,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice sharing&nbsp;","listText":"Nice sharing&nbsp;","text":"Nice sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084300755","repostId":"1180044728","repostType":4,"repost":{"id":"1180044728","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1650777464,"share":"https://www.laohu8.com/m/news/1180044728?lang=&edition=full","pubTime":"2022-04-24 13:17","market":"us","language":"en","title":"Warren Buffett Turns 91: A Highlight For Each Decade Of His Life","url":"https://stock-news.laohu8.com/highlight/detail?id=1180044728","media":"Benzinga","summary":"Legendary investor Warren Buffett was born Aug. 30, 1930. The “Oracle of Omaha” turns 91 today and h","content":"<html><head></head><body><p><i>Legendary investor</i> <i><b>Warren Buffett</b></i> <i>was born Aug. 30, 1930. The “Oracle of Omaha” turns 91 today and has now lived through 10 decades.</i></p><p><img src=\"https://static.tigerbbs.com/cd569a86b7d1c849ffdd55a3a194a437\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"/></p><p><i>Buffett has been one of the greatest investors of the last six decades and remains the active chairman of</i> <i><b>Berkshire Hathaway</b></i> <i>(NYSE:BRK-A)(NYSE:BRK-B). This article will showcase a highlight from each decade of Buffett’s personal and investment career.</i></p><p><b>1930:</b>Warren Buffett was born Aug. 30, 1930. His father Howard was a former stockbroker, which would have a huge influence on Buffett’s decision to get involved with the business.</p><p><b>1940:</b>Buffett purchased his first stock at the age of 11. The purchase was for three shares of Cities Service Preferred, a natural gas company. Buffett bought the shares at $38 only to see them soon drop to $27 each. He waited until they hit $40 to sell for a profit. Shares later hit $200 each, which Buffett has since cited as a lesson on patience in investing.</p><p><b>1950:</b>Despite his growing wealth, Buffett has lived in the same house in Nebraska, Omaha since 1958. The home was purchased for $31,500. Adjusted for inflation, that would be the equivalent of over $280,000 today.</p><p><b>1960:</b>By the year 1965, Buffett had assumed control of textiles company Berkshire Hathaway thanks to acquiring 49%. He became a director of the company and would work on gaining full control and also diversifying the company away from textiles.</p><p><b>1970:</b> Buffett became the author of the annual Berkshire Hathaway letters in the 1970s. These letters are considered must-reads for investors and every year, what Buffett writes to shareholders is analyzed with great detail. The letters include explanations for investments or why items were sold. The letters also include life lessons and memorable quotes from the “Oracle of Omaha.”</p><p><b>1980:</b>In 1988, Buffett started accumulating shares of <b>Coca-Cola</b> for Berkshire Hathaway. After several large purchases, Berkshire Hathaway owned 7% of the company worth $1.02 billion. Buffett has a long history with Coca-Cola, once selling bottles for a penny profit. Berkshire Hathaway still owns 800 million shares of KO, worth nearly $18 billion.</p><p><b>1990:</b>Geico insurance has been one of the biggest pieces for Berkshire Hathaway since it acquired full control in the 1990s. Berkshire acquired the insurance company by buying out the 49% it did not own up until this point.</p><p>Buffett had been an investor of Geico shares dating back to 1951. Benjamin Graham, Buffett’s mentor and professor, was once the chairman of Geico. The insurance company is forever linked to two of the most well-known investors.</p><p><b>2000:</b>The 2000s represented a great period of fortune and giving for Warren Buffett. In 2008, Buffett became the richest man in the world, with Forbes valuing his wealth at $62 billion. Buffett took over the top spot from <b>Microsoft</b> founder Bill Gates, who had held the number one position for thirteen consecutive years. Buffett pledged in 2006 to give away the majority of his wealth after his death, including 85% to the Bill and Melinda Gates Foundation.</p><p><b>2010:</b>Berkshire Hathaway started buying stock in <b>Apple</b> in 2016. Buffett has since admitted he wishes he would have bought shares earlier.</p><p>“It’s probably the best business I know in the world,” Buffett told CNBC. Berkshire bought shares of Apple again throughout the decade to make it one of the biggest pieces of the investment portfolio.</p><p>“I don’t think of Apple as a stock. I think of it as a third business,” Buffett told CNBC referring to Apple being the company’s third-biggest holding behind Geico and railroad interests.</p><p><b>2020:</b>Warren Buffett showed an investor lesson when he sold out of his stake in the big four airlines. A longtime vocal non-supporter of buying airline stocks, he sold his stake worth around $7 billion at a loss.</p><p>He ditched his stakes in <b>American Airlines</b>, <b>Delta Air Lines</b>, <b>Southwest Airlines</b>, and <b>United Airlines</b> believing passenger numbers would not recover after the pandemic. He also cited carriers could be left with too many planes and would be hurt financially due to government loans.</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>Warren Buffett Turns 91: A Highlight For Each Decade Of His Life</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\">\nWarren Buffett Turns 91: A Highlight For Each Decade Of His Life\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-04-24 13:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><i>Legendary investor</i> <i><b>Warren Buffett</b></i> <i>was born Aug. 30, 1930. The “Oracle of Omaha” turns 91 today and has now lived through 10 decades.</i></p><p><img src=\"https://static.tigerbbs.com/cd569a86b7d1c849ffdd55a3a194a437\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"/></p><p><i>Buffett has been one of the greatest investors of the last six decades and remains the active chairman of</i> <i><b>Berkshire Hathaway</b></i> <i>(NYSE:BRK-A)(NYSE:BRK-B). This article will showcase a highlight from each decade of Buffett’s personal and investment career.</i></p><p><b>1930:</b>Warren Buffett was born Aug. 30, 1930. His father Howard was a former stockbroker, which would have a huge influence on Buffett’s decision to get involved with the business.</p><p><b>1940:</b>Buffett purchased his first stock at the age of 11. The purchase was for three shares of Cities Service Preferred, a natural gas company. Buffett bought the shares at $38 only to see them soon drop to $27 each. He waited until they hit $40 to sell for a profit. Shares later hit $200 each, which Buffett has since cited as a lesson on patience in investing.</p><p><b>1950:</b>Despite his growing wealth, Buffett has lived in the same house in Nebraska, Omaha since 1958. The home was purchased for $31,500. Adjusted for inflation, that would be the equivalent of over $280,000 today.</p><p><b>1960:</b>By the year 1965, Buffett had assumed control of textiles company Berkshire Hathaway thanks to acquiring 49%. He became a director of the company and would work on gaining full control and also diversifying the company away from textiles.</p><p><b>1970:</b> Buffett became the author of the annual Berkshire Hathaway letters in the 1970s. These letters are considered must-reads for investors and every year, what Buffett writes to shareholders is analyzed with great detail. The letters include explanations for investments or why items were sold. The letters also include life lessons and memorable quotes from the “Oracle of Omaha.”</p><p><b>1980:</b>In 1988, Buffett started accumulating shares of <b>Coca-Cola</b> for Berkshire Hathaway. After several large purchases, Berkshire Hathaway owned 7% of the company worth $1.02 billion. Buffett has a long history with Coca-Cola, once selling bottles for a penny profit. Berkshire Hathaway still owns 800 million shares of KO, worth nearly $18 billion.</p><p><b>1990:</b>Geico insurance has been one of the biggest pieces for Berkshire Hathaway since it acquired full control in the 1990s. Berkshire acquired the insurance company by buying out the 49% it did not own up until this point.</p><p>Buffett had been an investor of Geico shares dating back to 1951. Benjamin Graham, Buffett’s mentor and professor, was once the chairman of Geico. The insurance company is forever linked to two of the most well-known investors.</p><p><b>2000:</b>The 2000s represented a great period of fortune and giving for Warren Buffett. In 2008, Buffett became the richest man in the world, with Forbes valuing his wealth at $62 billion. Buffett took over the top spot from <b>Microsoft</b> founder Bill Gates, who had held the number one position for thirteen consecutive years. Buffett pledged in 2006 to give away the majority of his wealth after his death, including 85% to the Bill and Melinda Gates Foundation.</p><p><b>2010:</b>Berkshire Hathaway started buying stock in <b>Apple</b> in 2016. Buffett has since admitted he wishes he would have bought shares earlier.</p><p>“It’s probably the best business I know in the world,” Buffett told CNBC. Berkshire bought shares of Apple again throughout the decade to make it one of the biggest pieces of the investment portfolio.</p><p>“I don’t think of Apple as a stock. I think of it as a third business,” Buffett told CNBC referring to Apple being the company’s third-biggest holding behind Geico and railroad interests.</p><p><b>2020:</b>Warren Buffett showed an investor lesson when he sold out of his stake in the big four airlines. A longtime vocal non-supporter of buying airline stocks, he sold his stake worth around $7 billion at a loss.</p><p>He ditched his stakes in <b>American Airlines</b>, <b>Delta Air Lines</b>, <b>Southwest Airlines</b>, and <b>United Airlines</b> believing passenger numbers would not recover after the pandemic. He also cited carriers could be left with too many planes and would be hurt financially due to government loans.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180044728","content_text":"Legendary investor Warren Buffett was born Aug. 30, 1930. The “Oracle of Omaha” turns 91 today and has now lived through 10 decades.Buffett has been one of the greatest investors of the last six decades and remains the active chairman of Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B). This article will showcase a highlight from each decade of Buffett’s personal and investment career.1930:Warren Buffett was born Aug. 30, 1930. His father Howard was a former stockbroker, which would have a huge influence on Buffett’s decision to get involved with the business.1940:Buffett purchased his first stock at the age of 11. The purchase was for three shares of Cities Service Preferred, a natural gas company. Buffett bought the shares at $38 only to see them soon drop to $27 each. He waited until they hit $40 to sell for a profit. Shares later hit $200 each, which Buffett has since cited as a lesson on patience in investing.1950:Despite his growing wealth, Buffett has lived in the same house in Nebraska, Omaha since 1958. The home was purchased for $31,500. Adjusted for inflation, that would be the equivalent of over $280,000 today.1960:By the year 1965, Buffett had assumed control of textiles company Berkshire Hathaway thanks to acquiring 49%. He became a director of the company and would work on gaining full control and also diversifying the company away from textiles.1970: Buffett became the author of the annual Berkshire Hathaway letters in the 1970s. These letters are considered must-reads for investors and every year, what Buffett writes to shareholders is analyzed with great detail. The letters include explanations for investments or why items were sold. The letters also include life lessons and memorable quotes from the “Oracle of Omaha.”1980:In 1988, Buffett started accumulating shares of Coca-Cola for Berkshire Hathaway. After several large purchases, Berkshire Hathaway owned 7% of the company worth $1.02 billion. Buffett has a long history with Coca-Cola, once selling bottles for a penny profit. Berkshire Hathaway still owns 800 million shares of KO, worth nearly $18 billion.1990:Geico insurance has been one of the biggest pieces for Berkshire Hathaway since it acquired full control in the 1990s. Berkshire acquired the insurance company by buying out the 49% it did not own up until this point.Buffett had been an investor of Geico shares dating back to 1951. Benjamin Graham, Buffett’s mentor and professor, was once the chairman of Geico. The insurance company is forever linked to two of the most well-known investors.2000:The 2000s represented a great period of fortune and giving for Warren Buffett. In 2008, Buffett became the richest man in the world, with Forbes valuing his wealth at $62 billion. Buffett took over the top spot from Microsoft founder Bill Gates, who had held the number one position for thirteen consecutive years. Buffett pledged in 2006 to give away the majority of his wealth after his death, including 85% to the Bill and Melinda Gates Foundation.2010:Berkshire Hathaway started buying stock in Apple in 2016. Buffett has since admitted he wishes he would have bought shares earlier.“It’s probably the best business I know in the world,” Buffett told CNBC. Berkshire bought shares of Apple again throughout the decade to make it one of the biggest pieces of the investment portfolio.“I don’t think of Apple as a stock. I think of it as a third business,” Buffett told CNBC referring to Apple being the company’s third-biggest holding behind Geico and railroad interests.2020:Warren Buffett showed an investor lesson when he sold out of his stake in the big four airlines. A longtime vocal non-supporter of buying airline stocks, he sold his stake worth around $7 billion at a loss.He ditched his stakes in American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines believing passenger numbers would not recover after the pandemic. He also cited carriers could be left with too many planes and would be hurt financially due to government loans.","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084084030,"gmtCreate":1650777290837,"gmtModify":1676534791636,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice sharing.","listText":"Nice sharing.","text":"Nice sharing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084084030","repostId":"2229161504","repostType":4,"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086149271,"gmtCreate":1650425174468,"gmtModify":1676534721997,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Good overview and summary write up","listText":"Good overview and summary write up","text":"Good overview and summary write up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086149271","repostId":"2228791333","repostType":4,"isVote":1,"tweetType":1,"viewCount":569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088649252,"gmtCreate":1650341408605,"gmtModify":1676534701184,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Fair write up and analysis&nbsp;","listText":"Fair write up and analysis&nbsp;","text":"Fair write up and analysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088649252","repostId":"1159339703","repostType":4,"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081916710,"gmtCreate":1650179378925,"gmtModify":1676534664553,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Good write up and analysis.&nbsp;","listText":"Good write up and analysis.&nbsp;","text":"Good write up and analysis.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081916710","repostId":"2227986491","repostType":4,"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9988289440,"gmtCreate":1666758052381,"gmtModify":1676537801906,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988289440","repostId":"1112617869","repostType":4,"repost":{"id":"1112617869","pubTimestamp":1666756392,"share":"https://www.laohu8.com/m/news/1112617869?lang=&edition=full","pubTime":"2022-10-26 11:53","market":"us","language":"en","title":"7 Dow Stocks to Sell Before They Tumble","url":"https://stock-news.laohu8.com/highlight/detail?id=1112617869","media":"InvestorPlace","summary":"Here are seven Dow stocks to sell to avoid getting hurt by negative trends.Apple(AAPL): AAPL is likely to be undermined by weak demand for iPhones.Travelers(TRV): Climate change is making TRV much mor","content":"<html><head></head><body><ul><li>Here are seven Dow stocks to sell to avoid getting hurt by negative trends.</li><li><b>Apple</b>(<b><u>AAPL</u></b>):  AAPL is likely to be undermined by weak demand for iPhones.</li><li><b>Travelers</b>(<b><u>TRV</u></b>): Climate change is making TRV much more risky than it used to be.</li><li><b>Chevron</b>(<b><u>CVX</u></b>): The appeal of CVX and its peers has been lowered by governments’ actions.</li><li><b>3M</b>(<b><u>MMM</u></b>): MMM reported weak Q3 results and is being threatened by hundreds of thousands of lawsuits.</li><li><b>Home Depot</b>(<b><u>HD</u></b>): The housing downturn is likely to significantly hurt HD.</li><li><b>Disney</b>(<b><u>DIS</u></b>): DIS continues to be undermined by cord cutting.</li><li><b>Procter &amp; Gamble</b>(<b><u>PG</u></b>): The valuation of PG stock is unattractive.</li><li><b>Nike</b>(<b><u>NKE</u></b>): Post-pandemic trends and a big inventory buildup are among the negative catalysts for NKE stock.</li></ul><p>As anyone who reads my columns regularly knows, I’m generally upbeat on stocks. That’s because I believe that inflation has peaked, the Federal Reserve is poised to become much more dovish.  In addition, the Street has, for some time, underestimated the importance of the exceptionally strong employment market. However, I believe that there are some good Dow stocks to sell at this point.</p><p>That’s because, in this stock picker’s market, there are several sectors that investors should definitely avoid. For example, with consumers being hurt by inflation and many still spending much more money on experiences than products, companies that specialize in selling fairly expensive products may struggle. While that trend should reverse at some point in the medium term, given the negative commentary of a number of companies that specialize in selling goods and poor macro manufacturing data, it appears to have been stickier than I previously believed.</p><p>That’s particularly true for firms whose products are relatively expensive but rely on attracting lower-middle-class and working class-consumers.</p><p>Oil companies may also be hurt by governments actions, while insurers could struggle due to the destruction wrought by Hurricane Ian, for example.</p><p>With all of that in mind, here are seven good Dow stocks to sell.</p><p><b>Apple (AAPL)</b></p><p>There’s now clear evidence that <b>Apple</b>(NASDAQ:<b><u>AAPL</u></b>) is getting being hurt by a goods-to-services shift. According to a recent report, weak demand for the iPhone 14 has caused the hardware giant to lower the “production of iPhone 14 Plus and is increasing the output of the more expensive iPhone 14 Pro.”</p><p>Also expressing caution about Apple on<i>CNBC</i>was investor Brenda Vingiello, who warned that the company could be hit by waning consumer demand for PCs and smartphones in the wake of the pandemic. Additionally, she noted that AAPL gets 60% of its revenue from outside of the U.S. Some of those overseas markets, especially China and Europe, have problems that are much worse than those of America. Additionally, the U.S. dollar’s strength is likely to negatively impact Apple’s overseas profits.</p><p>Despite these issues, the price-earnings ratio of AAPL stock remains fairly elevated at 23.4. That’s fairly high for a company whose revenues are growing relatively slowly; on average, analysts expect the firm’s revenues to increase 4.8% to $412 billion in 2023, up from $393 billion this year.</p><p><b>Travelers Companies (TRV)</b></p><p><b>Travelers Companies’</b>(NYSE:<b><u>TRV</u></b>) third-quarter results, reported on Oct. 19, were uninspiring, thanks to Hurricane Ian. Specifically, its net income sank to $454 million versus $662 million during the same period in 2021. Additionally, its top line increased just 6%. On a positive note, its revenue from its “net written premiums” climbed 10% year over year. Still, Ian caused the firm’s “catastrophe costs” to jump 11% year over year to “$512 million pretax, net of reinsurance, from the year-earlier period,” <i>The Wall Street Journal’s Leslie Scism</i> reported.</p><p>Ian could have been much worse for Travelers, but TRV and other companies had decided to offer relatively few homeowners’ insurance policies in the hurricane-prone state. However, with climate change causing the damage and frequency of storms to increase a great deal, the next extremely ruinous hurricane, flood, or tornado could occur in a highly populated state to which Travelers is much more exposed. Such an event, in turn, could cause TRV stock to sink meaningfully. Consequently, I urge investors to sell TRV and its peers.</p><p><b>Chevron (CVX)</b></p><p>Many haven’t realized it yet, but the world recently changed for <b>Chevron</b>(NYSE:<b><u>CVX</u></b>) and its peers in the oil and gas sector. Specifically, Western governments are no longer sitting on their hands as oil and gas prices soar; instead, these governments are realizing that they can take actions that stymie price jumps caused by the “animal spirits” of profit-hungry traders.</p><p>In the U.S., the Biden Administration’s releases from the U.S.Strategic Petroleum Reserve (SPR)have caused oil prices to sink. Meanwhile, the EU’s actions have caused European natural gas prices to tumble to around prewar levels. Once investors internalize the idea that Washington and Europe are determined to prevent oil and gas prices from soaring, their appetite for CVX stock is likely to take a big hit.</p><p>Also worth noting is that 30leftist members of Congress recently signed a letter to President Joe Biden calling on him to work harder to end the war in Ukraine. If pressure ramps up on the administration and on European governments to end the war, the fighting could indeed stop sooner rather than later, causing oil and gas prices to sink and meaningfully pushing down CVX stock.</p><p><b>3M (MMM)</b></p><p><b>3M</b>(NYSE:<b><u>MMM</u></b>) just reported weak third-quarter results. Meanwhile, the company is facing a number of lawsuits that could significantly undermine its financial position. It’s another one of the top Dow stocks to sell.</p><p>3M’s sales dropped 4% year-over-year to $8.6 billion, while its operating cash flow tumbled 18% year over year. Additionally, 3M cut its 2022 sales guidance, and now expects its revenue to fall 3% to 3.5% this year, as compared to its previous outlook for a 0.5%-2.5% decline. The conglomerate anticipates that its sales, excluding acquisitions, will climb 1.5% to 2% this year. But given the current, high-inflation environment, that’s a very unimpressive increase indeed.</p><p>Meanwhile, over 230,000lawsuits have been filed against 3M for its allegedly damaging earplugs. Partially because of the legal issue, <b>Bank of America</b>(NYSE:<b><u>BAC</u></b>) recently reiterated its “underperform” rating on the shares.</p><p>On Aug. 29, <b>Morgan Stanley</b> (NYSE:<b><u>MS</u></b>) analyst Joshua Pokrzywinski estimated that 3M’sliability for the earplugs could reach $14 billion with potential for something higher. The analyst kept an “underweight” rating on the shares. As of the end of last quarter, 3M has $3 billion of cash and $17.2 billion of debt, so $14 billion of liability would indeed greatly undermine its financial position at best and make its viability going forward uncertain at worst.</p><p>The firm is trying to spin off its healthcare unit, likely in order to prevent the parent company from being hurt by the lawsuits. However, the move has been challenged in court.</p><p><b>Home Depot (HD)</b></p><p>The tremendous slowdown in the housing sector, along with the goods-to-services spending shift, isn’t great news for <b>Home Depot</b>(NYSE:<b><u>HD</u></b>). It’s another one of the top Dow stocks to sell.</p><p>In September, U.S. existing home sales fell 1.5% versusAugust and tumbled 24% year-over-year.</p><p>“Three out of the four major U.S. regions notched month-over-month sales contractions, while the West held steady. On a year-over-year basis, sales dropped in all regions,” theNational Association of Realtors reported. The continuing housing slump is bad news for Home Depot, as consumers tend to spend a great deal of money to improve the homes into which they move.</p><p>Further, as consumers spend more money on experiences, they’ll have less to spend on upgrading their homes. Much like Apple, Home Depot benefited a great deal from spending patterns during the pandemic. Now that those patterns have reversed, HD’s financial results are likely to sink. Also boding badly for HD stock, research firm <b>Evercore</b> recently lowered its rating on Home Depot’s competitor, <b>Lowe’s</b>(NYSE:<b><u>LOW</u></b>) to in-line from outperform.</p><p>“Our downgrade is based on the view that slower [home improvement] demand and disinflation could push comps lower in 2023, making margin gains muted,” the firm explained. While Evercore said it was more bullish on HD stock, I still think that the firm’s assessment of Lowe’s indicates that investors should not expect good news anytime soon from Home Depot.</p><p><b>Disney (DIS)</b></p><p>I’ve been bearish on <b>Disney</b>(NYSE:<b><u>DIS</u></b>) stock for a few years, citing the negative impacts of the cord-cutting trend. The Street finally realized the truth of these points, causing DIS stock to tumble 34% so far this year.   But with those trends continuing and DISstill trading at a relatively high forward price-earnings ratio of 19, the shares are likely to decline much further going forward. It’s another one of the top Dow stocks to sell.</p><p>Ominously for Disney, <b>Wells Fargo</b>(NYSE:<b><u>WFC</u></b>)predicted in Aug. that cord cutting would continue to be “elevated given all the content shifting to streaming, and consumers looking to trim their subscriptions due to macro and/or subscription fatigue,” In Q2, the number of consumers paying traditional TV bills fell “5.2% year-over-year,” the firm noted, worse than the 3.7% decline in Q1.For 2022, 2023, and 2024, Wellsexpects the metric to sink 5.8%, 6.7%, and 6.9%, respectively.</p><p><b>Procter &amp; Gamble (PG)</b></p><p><b>Procter &amp; Gamble</b>(NYSE:<b><u>PG</u></b>) stock has a rather high price-earnings ratioof 22. That’s because many investors are predicting that the economy will nosedive over the next year and see PG as a safe haven. But, as I’ve stated in the past, I believe that the strong employment trend, along with America’s first manufacturing boom in many decades, will prevent the economy from meaningfully sinking.</p><p>If I’m correct (and so far I have been), then the valuation multiples of PG stock are likely to sink tremendously going forward. Further reducing the attractiveness of PG, its profitability actually fell last quarter, as its operating income dropped to $4.93 billion from $5.02 billion during the same period a year earlier. And in its fiscal 2022, its OI declined to $18.6 billion from $18.7 billion during the prior year.</p><p>On Oct. 10, <b>Goldman Sachs</b>(NYSE:<b><u>GS</u></b>) downgraded the PG stock to neutral from buy, citing valuation. The firm does not believe that PG’s market share is likely to rise going forward.</p><p><b>Nike (NKE)</b></p><p><b>Nike</b>(NYSE:<b><u>NKE</u></b>) is one of the top Dow stocks to sell.  With consumers spending much more money on experiences, they have less money left over to spend on Nike’s rather expensive footwear. Adding to Nike’s woes, the company relies on China for a significant amount of its revenue. In its fiscal first quarter, Nike’ssales rose only3.6% year-over-year. Given the high-inflation environment, that’s not an impressive increase. Meanwhile, the company’s gross margin sank 2.2 percentage points YOY to 44.3%.</p><p>And perhaps most importantly, the footwear maker’s inventories soared 44% YOY. While the company blamed the increase on “supply chain” issues, I would not be surprised if weaker-than-expected demand also actually played a significant role in the inventory jump.</p><p>Expressing caution on NKE stock on Oct. 11, <b>Bank of</b> <b>America</b> (NYSE:<b><u>BAC</u></b>)wrote, “We would like to see progress on clearing through the excess inventory and have better visibility on China demand before turning more constructive on the name.” The firm kept a neutral rating on NKE stock.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Dow Stocks to Sell Before They Tumble</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\">\n7 Dow Stocks to Sell Before They Tumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 11:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/10/7-dow-stocks-to-sell-before-they-tumble/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are seven Dow stocks to sell to avoid getting hurt by negative trends.Apple(AAPL):  AAPL is likely to be undermined by weak demand for iPhones.Travelers(TRV): Climate change is making TRV much ...</p>\n\n<a href=\"https://investorplace.com/2022/10/7-dow-stocks-to-sell-before-they-tumble/\">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","NKE":"耐克","MMM":"3M","PG":"宝洁","TRV":"旅行者财产险集团","HD":"家得宝","CVX":"雪佛龙","AAPL":"苹果"},"source_url":"https://investorplace.com/2022/10/7-dow-stocks-to-sell-before-they-tumble/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112617869","content_text":"Here are seven Dow stocks to sell to avoid getting hurt by negative trends.Apple(AAPL):  AAPL is likely to be undermined by weak demand for iPhones.Travelers(TRV): Climate change is making TRV much more risky than it used to be.Chevron(CVX): The appeal of CVX and its peers has been lowered by governments’ actions.3M(MMM): MMM reported weak Q3 results and is being threatened by hundreds of thousands of lawsuits.Home Depot(HD): The housing downturn is likely to significantly hurt HD.Disney(DIS): DIS continues to be undermined by cord cutting.Procter & Gamble(PG): The valuation of PG stock is unattractive.Nike(NKE): Post-pandemic trends and a big inventory buildup are among the negative catalysts for NKE stock.As anyone who reads my columns regularly knows, I’m generally upbeat on stocks. That’s because I believe that inflation has peaked, the Federal Reserve is poised to become much more dovish.  In addition, the Street has, for some time, underestimated the importance of the exceptionally strong employment market. However, I believe that there are some good Dow stocks to sell at this point.That’s because, in this stock picker’s market, there are several sectors that investors should definitely avoid. For example, with consumers being hurt by inflation and many still spending much more money on experiences than products, companies that specialize in selling fairly expensive products may struggle. While that trend should reverse at some point in the medium term, given the negative commentary of a number of companies that specialize in selling goods and poor macro manufacturing data, it appears to have been stickier than I previously believed.That’s particularly true for firms whose products are relatively expensive but rely on attracting lower-middle-class and working class-consumers.Oil companies may also be hurt by governments actions, while insurers could struggle due to the destruction wrought by Hurricane Ian, for example.With all of that in mind, here are seven good Dow stocks to sell.Apple (AAPL)There’s now clear evidence that Apple(NASDAQ:AAPL) is getting being hurt by a goods-to-services shift. According to a recent report, weak demand for the iPhone 14 has caused the hardware giant to lower the “production of iPhone 14 Plus and is increasing the output of the more expensive iPhone 14 Pro.”Also expressing caution about Apple onCNBCwas investor Brenda Vingiello, who warned that the company could be hit by waning consumer demand for PCs and smartphones in the wake of the pandemic. Additionally, she noted that AAPL gets 60% of its revenue from outside of the U.S. Some of those overseas markets, especially China and Europe, have problems that are much worse than those of America. Additionally, the U.S. dollar’s strength is likely to negatively impact Apple’s overseas profits.Despite these issues, the price-earnings ratio of AAPL stock remains fairly elevated at 23.4. That’s fairly high for a company whose revenues are growing relatively slowly; on average, analysts expect the firm’s revenues to increase 4.8% to $412 billion in 2023, up from $393 billion this year.Travelers Companies (TRV)Travelers Companies’(NYSE:TRV) third-quarter results, reported on Oct. 19, were uninspiring, thanks to Hurricane Ian. Specifically, its net income sank to $454 million versus $662 million during the same period in 2021. Additionally, its top line increased just 6%. On a positive note, its revenue from its “net written premiums” climbed 10% year over year. Still, Ian caused the firm’s “catastrophe costs” to jump 11% year over year to “$512 million pretax, net of reinsurance, from the year-earlier period,” The Wall Street Journal’s Leslie Scism reported.Ian could have been much worse for Travelers, but TRV and other companies had decided to offer relatively few homeowners’ insurance policies in the hurricane-prone state. However, with climate change causing the damage and frequency of storms to increase a great deal, the next extremely ruinous hurricane, flood, or tornado could occur in a highly populated state to which Travelers is much more exposed. Such an event, in turn, could cause TRV stock to sink meaningfully. Consequently, I urge investors to sell TRV and its peers.Chevron (CVX)Many haven’t realized it yet, but the world recently changed for Chevron(NYSE:CVX) and its peers in the oil and gas sector. Specifically, Western governments are no longer sitting on their hands as oil and gas prices soar; instead, these governments are realizing that they can take actions that stymie price jumps caused by the “animal spirits” of profit-hungry traders.In the U.S., the Biden Administration’s releases from the U.S.Strategic Petroleum Reserve (SPR)have caused oil prices to sink. Meanwhile, the EU’s actions have caused European natural gas prices to tumble to around prewar levels. Once investors internalize the idea that Washington and Europe are determined to prevent oil and gas prices from soaring, their appetite for CVX stock is likely to take a big hit.Also worth noting is that 30leftist members of Congress recently signed a letter to President Joe Biden calling on him to work harder to end the war in Ukraine. If pressure ramps up on the administration and on European governments to end the war, the fighting could indeed stop sooner rather than later, causing oil and gas prices to sink and meaningfully pushing down CVX stock.3M (MMM)3M(NYSE:MMM) just reported weak third-quarter results. Meanwhile, the company is facing a number of lawsuits that could significantly undermine its financial position. It’s another one of the top Dow stocks to sell.3M’s sales dropped 4% year-over-year to $8.6 billion, while its operating cash flow tumbled 18% year over year. Additionally, 3M cut its 2022 sales guidance, and now expects its revenue to fall 3% to 3.5% this year, as compared to its previous outlook for a 0.5%-2.5% decline. The conglomerate anticipates that its sales, excluding acquisitions, will climb 1.5% to 2% this year. But given the current, high-inflation environment, that’s a very unimpressive increase indeed.Meanwhile, over 230,000lawsuits have been filed against 3M for its allegedly damaging earplugs. Partially because of the legal issue, Bank of America(NYSE:BAC) recently reiterated its “underperform” rating on the shares.On Aug. 29, Morgan Stanley (NYSE:MS) analyst Joshua Pokrzywinski estimated that 3M’sliability for the earplugs could reach $14 billion with potential for something higher. The analyst kept an “underweight” rating on the shares. As of the end of last quarter, 3M has $3 billion of cash and $17.2 billion of debt, so $14 billion of liability would indeed greatly undermine its financial position at best and make its viability going forward uncertain at worst.The firm is trying to spin off its healthcare unit, likely in order to prevent the parent company from being hurt by the lawsuits. However, the move has been challenged in court.Home Depot (HD)The tremendous slowdown in the housing sector, along with the goods-to-services spending shift, isn’t great news for Home Depot(NYSE:HD). It’s another one of the top Dow stocks to sell.In September, U.S. existing home sales fell 1.5% versusAugust and tumbled 24% year-over-year.“Three out of the four major U.S. regions notched month-over-month sales contractions, while the West held steady. On a year-over-year basis, sales dropped in all regions,” theNational Association of Realtors reported. The continuing housing slump is bad news for Home Depot, as consumers tend to spend a great deal of money to improve the homes into which they move.Further, as consumers spend more money on experiences, they’ll have less to spend on upgrading their homes. Much like Apple, Home Depot benefited a great deal from spending patterns during the pandemic. Now that those patterns have reversed, HD’s financial results are likely to sink. Also boding badly for HD stock, research firm Evercore recently lowered its rating on Home Depot’s competitor, Lowe’s(NYSE:LOW) to in-line from outperform.“Our downgrade is based on the view that slower [home improvement] demand and disinflation could push comps lower in 2023, making margin gains muted,” the firm explained. While Evercore said it was more bullish on HD stock, I still think that the firm’s assessment of Lowe’s indicates that investors should not expect good news anytime soon from Home Depot.Disney (DIS)I’ve been bearish on Disney(NYSE:DIS) stock for a few years, citing the negative impacts of the cord-cutting trend. The Street finally realized the truth of these points, causing DIS stock to tumble 34% so far this year.   But with those trends continuing and DISstill trading at a relatively high forward price-earnings ratio of 19, the shares are likely to decline much further going forward. It’s another one of the top Dow stocks to sell.Ominously for Disney, Wells Fargo(NYSE:WFC)predicted in Aug. that cord cutting would continue to be “elevated given all the content shifting to streaming, and consumers looking to trim their subscriptions due to macro and/or subscription fatigue,” In Q2, the number of consumers paying traditional TV bills fell “5.2% year-over-year,” the firm noted, worse than the 3.7% decline in Q1.For 2022, 2023, and 2024, Wellsexpects the metric to sink 5.8%, 6.7%, and 6.9%, respectively.Procter & Gamble (PG)Procter & Gamble(NYSE:PG) stock has a rather high price-earnings ratioof 22. That’s because many investors are predicting that the economy will nosedive over the next year and see PG as a safe haven. But, as I’ve stated in the past, I believe that the strong employment trend, along with America’s first manufacturing boom in many decades, will prevent the economy from meaningfully sinking.If I’m correct (and so far I have been), then the valuation multiples of PG stock are likely to sink tremendously going forward. Further reducing the attractiveness of PG, its profitability actually fell last quarter, as its operating income dropped to $4.93 billion from $5.02 billion during the same period a year earlier. And in its fiscal 2022, its OI declined to $18.6 billion from $18.7 billion during the prior year.On Oct. 10, Goldman Sachs(NYSE:GS) downgraded the PG stock to neutral from buy, citing valuation. The firm does not believe that PG’s market share is likely to rise going forward.Nike (NKE)Nike(NYSE:NKE) is one of the top Dow stocks to sell.  With consumers spending much more money on experiences, they have less money left over to spend on Nike’s rather expensive footwear. Adding to Nike’s woes, the company relies on China for a significant amount of its revenue. In its fiscal first quarter, Nike’ssales rose only3.6% year-over-year. Given the high-inflation environment, that’s not an impressive increase. Meanwhile, the company’s gross margin sank 2.2 percentage points YOY to 44.3%.And perhaps most importantly, the footwear maker’s inventories soared 44% YOY. While the company blamed the increase on “supply chain” issues, I would not be surprised if weaker-than-expected demand also actually played a significant role in the inventory jump.Expressing caution on NKE stock on Oct. 11, Bank of America (NYSE:BAC)wrote, “We would like to see progress on clearing through the excess inventory and have better visibility on China demand before turning more constructive on the name.” The firm kept a neutral rating on NKE stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9936412442,"gmtCreate":1662801130887,"gmtModify":1676537143697,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice read&nbsp;","listText":"Nice read&nbsp;","text":"Nice read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9936412442","repostId":"2266415879","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064025184,"gmtCreate":1652252698949,"gmtModify":1676535062435,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Thanks for sharing. Good read","listText":"Thanks for sharing. Good read","text":"Thanks for sharing. Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064025184","repostId":"2234697813","repostType":4,"repost":{"id":"2234697813","pubTimestamp":1652240744,"share":"https://www.laohu8.com/m/news/2234697813?lang=&edition=full","pubTime":"2022-05-11 11:45","market":"us","language":"en","title":"Is Apple Stock A Buy, Sell, Or Hold After Recent Earnings?","url":"https://stock-news.laohu8.com/highlight/detail?id=2234697813","media":"Seeking Alpha","summary":"SummaryApple's March-quarter results set a new non-holiday record with a sales and earnings beat des","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple&#39;s March-quarter results set a new non-holiday record with a sales and earnings beat despite slowing consumption and ongoing supply constraints.</li><li>Yet, the stock&#39;s performance has been pressured by broad-based market volatility in response to macro challenges that include tightening financial conditions, which do not bode well with growth stocks.</li><li>Considering Apple&#39;s robust balance sheet and continued market strength even under the currently harsh market climate, the stock remains a safe investment with reasonable expectations for further gains ahead.</li><li>With the impending roll-out of new segments like automotive and virtual reality buoying entry into new markets and fresh growth opportunities, the current market turmoil creates an attractive buying opportunity for Apple&#39;s strong valuation prospects over the longer term.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa0ecbe7717eaf228b60ac688d7f8936\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>Shahid Jamil/iStock Editorial via Getty Images</span></p><p>The Apple stock&#39;s (NASDAQ:AAPL) zig-zag formation since reporting a record-setting March-quarter sales and earnings beat in late April underscores investors&#39; continued struggle with weighing strong fundamentals against uncertainties on the global economic growth outlook. Investors awarded the stock with an intraday rally of as much as 6% to a high of close to $166 (April 29th) immediately following release of Apple&#39;s blockbuster results.</p><p>However, persistent market jitters in the days leading up to the May FOMC meeting reversed the earnings beat rally as the stock plunged towards the $150-level. Then, the stock recovered slightly on improved market sentiment following last Wednesday&#39;s (May 4th) Fed decision on a 50 bps rate increase and release of commentary regarding policy tightening plans in coming months. But it lost momentum and slid again alongside broad-based market declines as market participants braced for the &#34;cold reality of tightening financial conditions&#34; that face rising threats of a looming recession.</p><p>Despite current market woes, Apple remains the &#34;single member of the [FAANG] group that is still outperforming the S&amp;P 500&#34; this year. This, again, corroborates investors&#39; debate between prizing the stock for consistent demonstration of fundamental strength and paring valuation premiums on &#34;fears of an economic slowdown&#34;.</p><p>It is true that Apple is not without downside risks. The underlying business remains at the forefront of exposure to protracted industry-wide chip supply shortages and other supply chain constraints that have been compounded by the latest COVID-related lockdowns in China. The challenges are weighing on consumer spending levels in Apple&#39;s Chinese market, and adding fuel to an inflationary environment around raw material, labour and freight costs that risk margin contraction. Management has quantified the estimated impact at $4 billion to $8 billion in the current quarter, with some expected to be recapturable in later quarters, and others foregone permanently. Apple has also highlighted impacts pertaining to its recently pullout from the Russian market following the country&#39;s instigation of war against Ukraine.</p><p>But Apple&#39;s ability to keep wowing investors with stronger-than-expected growth despite a quarter &#34;blighted by Ukraine war, spiking inflation and China&#39;s COVID Zero lockdowns&#34; is what makes the results all the more impressive. And new product and segment launches that await over the coming months and years bolster further expansion of its total addressable market (&#34;TAM&#34;) and reach into installed users&#39; pockets over the longer-term, underscoring greater valuation prospects ahead for the stock.</p><p>The company&#39;s yearslong effort in bringing its strong net cash position down to neutral through attractive shareholder returns in the form of buybacks and dividends is also a &#34;nice struggle&#34; to have. Apple&#39;s strong balance sheet, which provides insulation from rising borrowing costs and sufficient dry powder to fund additional growth in coming years, makes it a safe investment pick in the face of tightening financial conditions. Despite the near-term challenges, Apple remains one of the most attractive investments with remarkable fundamental performance that continues to outshine peers in today&#39;s macro climate.</p><p><b>What is Apple&#39;s Long-Term Outlook? Here&#39;s What Apple&#39;s FY/2Q22 Earnings Beat Suggests:</b></p><p>Apple&#39;s March-quarter results exceeded expectations across the board, including its iPad segment which posted a year-on-year sales decline due to supply constraints. The company generated total revenue of $97.3 billion in the period (+8.6% y/y; -22% q/q), topping consensus estimate of $94 billion (+5% y/y; -24% q/q). Net income came in at $1.52 per share, exceeding the average analyst estimate of $1.42.</p><p>And for the current quarter, management expects the strong showing in its Services segment to continue, which makes sense given its reduced exposure to current supply chain challenges. The anticipated shift in sales mix to higher-margin Services is expected to offset some of increases to product costs in the current inflationary environment. Despite current macro challenges, company has guided gross margin of 42% to 43%, which is still among the best over the past 10 years. And as supply constraints ease over the longer-term with increasing efforts in &#34;accelerating the in-sourcing of key components such as processors, sensors, displays, batteries and cameras&#34;, the company is well-positioned for sustained margin improvements ahead.</p><p><b>iPhone</b></p><p>iPhone sales continued to account for the bulk of the company&#39;s consolidated topline, generating $50.6 billion in revenues (+5% y/y; -29% q/q), which also exceeded the average estimate of $49.2 billion (+3% y/y; -31% q/q). The segment&#39;s outperformance underscored robust demand for the latest 5G-enabled iPhone 13 and iPhone SE devices, despite acute supply constraints and a tough prior year compare which overlapped a late-year iPhone launch timing.</p><p>The upcoming Worldwide Developers Conference (&#34;WWDC&#34;) in June, Apple&#39;s annual keynote event, is also expected to bolster the company&#39;s iPhone sales in the latter half of both the fiscal and calendar year. All eyes are on the iPhone 14 launch expected for later this year. Based on Apple&#39;s &#34;three-year cycle for new hardware designs&#34; observed for the iPhone in recent years, the iPhone 14 will likely retain the exterior design of the iPhone 13 which debuted with the iPhone 12.</p><p>Because larger models typically garner greater demand than the smaller models, there is speculation that Apple will &#34;rethink&#34; its iPhone line-up. It is likely that Apple will offer a 6.7&#34; screen option for a non-Pro model for the first time starting with the iPhone 14, which is expected to capture better customer reception given greater affordability compared to Pro models. If Apple does proceed with such plans, it is also expected to cushion some of the impact from slowing consumer spending in China at the moment given its contracting economy - the max-sized models are particularly popular in region, so offering a more affordable non-Pro option will likely improve Apple&#39;s reach into Chinese consumers&#39; wallets.</p><p>Further improvements to the camera and processing power / performance on the iPhone 14 is also expected to encourage greater upgrades and switches, and buoy continued iPhone segment growth. The iPhone 14 Pro line-up is expected to feature a &#34;new 48-megapixel sensor for the wide-angle camera…[and] get Apple&#39;s new A16 chip&#34;. With more than a quarter of Apple&#39;s iPhone installed base being older than 3.5 years (circa iPhone 8 and iPhone X - I personally still use the iPhone 7 which is considered &#34;vintage&#34; by some of my peers&#34;), the upcoming iPhone 14 upgrades will be hard to resist.</p><p><b>Mac</b></p><p>The Mac also &#34;continued its resurgence&#34;, posting strong double-digit year-on-year growth for the seventh quarter in the past two years with March-quarter sales totalling $10.4 billion (+15% y/y; -4% q/q). The combination of robust demand and supply constraints have now pushed wait times for some of the highly coveted computing devices out to June. And Apple&#39;s transition to its in-house designed silicon has a significant role to play in restoring favourable growth trends observed in recent quarters.</p><p>The M1 Ultra, which powers the Mac Studio desktop, is now the &#34;world&#39;s most powerful chip for PC&#34;. It enables 7x faster performance than its predecessor, drawing favourable demand from creative professionals spanning app developers to video creators looking for computing power that can handle demanding workloads without compromising performance. The reimagined M1 Pro- / Max-powered MacBook Pro has also been a hit.</p><p>With Apple silicon consistently proving quality and performance for the Mac line-up, the company has rapidly rose to the top spot by market share in PC sales. Macs represented 18.8% of total PC shipments in the March-quarter, beating long-time industry leader Dell (DELL) and HPE (HPE). Close to half of Mac buyers in the March-quarter noted they were new to the product, underscoring Apple&#39;s continued market share gains.</p><p><b>iPad</b></p><p>On the iPad front, heightened supply constraints have continued to weigh on sales despite robust demand. iPad sales generated $7.7 billion (-2% y/y; +5% q/q) in revenues in the March-quarter, which still topped average analyst estimates. The segment&#39;s installed base reached a record high, with more than half of iPad customers indicating they were new to the device. The all-new M1-powered iPad Air, which includes 5G support, was also well-received. Despite declining March-quarter iPad sales due to supply constraints, Apple led tablet market sales in the period and grabbed close to 40% of market share, beating rival and runner-up Samsung&#39;s 20.4% by wide margins.</p><p>The iPad remains a market favourite despite softening consumer demand. The rapid transition to remote collaboration in the post-pandemic era has marked an inflection point for adoption of multi-purpose tablets. In addition to robust demand from the retail market, Apple&#39;s iPads have also been in high demand within the commercial sector. During the March-quarter, Apple iPad Pros were procured by Alaska Airlines (ALK) to replace its legacy check-in kiosks, thanks to the portable device&#39;s seamless integration into the airline&#39;s existing operations. With rising deployment of tablet devices in the commercial sector to accommodate rapid digital transformation trends and remote working demands in the post-pandemic era, continued innovation empowered by Apple silicon is expected to drive higher growth for the less-lucrative iPad segment once supply headwinds subside.</p><p><b>Wearables, Home and Accessories</b></p><p>The Wearables, Home and Accessories segment also pulled through with strong double-digit growth in the quarter. Related revenues totalled $8.8 billion (+12% y/y; -40% q/q), consistent with consensus expectations. The category continues to benefit from strong Apple Watch demand driven by increasing consumer preference and attention to health and fitness.</p><p>The company has been ramping up investments into developing new technology offerings for the wearable product to address increasing user demand for health features, including the &#34;highly anticipated blood-pressure monitor&#34; that is expected to debut in 2024, a body-temperature sensor, as well as a &#34;non-invasive blood sugar monitor&#34;. The upcoming watchOS 9 software update debuting in June is also expected to include improvements to the smartwatch&#39;s heart rate monitor, a &#34;new low-power mode that is designed to let its smartwatch run some apps…without using as much battery life&#34;, and additional &#34;workout types and metrics…within the Workout app on the watch&#34;. And later this year, Apple is expected to unveil up to three new Apple Watches that include the highly anticipated Series 8 model, an affordable SE model, and an upscale option with &#34;rugged casing that is aimed at extreme athletes&#34;. The new developments to both software and hardware features are expected to reinforce the segment&#39;s growth prospects by extending its reach to new users while also expanding Apple&#39;s TAM for wearable technology.</p><p><b>Services</b></p><p>Services was a particular bright spot for Apple in the March-quarter. The segment - which houses sales related to Apple Care, App Store, payments, ads, and other subscription services like Apple TV+ and Apple Music - generated revenues of $19.8 billion (+17% y/y; +2% q/q) in the period, which were &#34;slightly above projections&#34;. Apple added more than 165 million net new subscriptions in the past 12 months, bringing its total paid user base for Services to 825 million. And with accelerating penetration into the commercial sector, alongside rapid consumer adoption of Apple media and entertainment subscription services bolstered by its convenient and accessible hardware-service ecosystem, the company has guided double-digit growth again for the current quarter.</p><p><b>Apple TV+:</b> Despite increasing competition within the segment, as evidenced in the hardships experienced by industry leader Netflix (NFLX) in retaining market share over recent months, Apple TV+ continued to deliver on upbeat results, buoyed by positive viewer response to original productions that include &#34;Severance&#34;, &#34;Ted Lasso&#34; and &#34;CODA&#34;, which became the first streaming service to win an Oscar for Best Picture.</p><p>While Apple TV+&#39;s market share of global streaming services remains comparatively nominal when put against rivals like Netflix, HBO Max (WBD), and Disney+ (DIS), the convenient ecosystem Apple maintains to enable easy access remains a strong competitive advantage in driving further share gains in coming years. Apple is well-positioned to benefit from favourable streaming uptake trends ahead with the &#34;seamless integration of hardware, software and services at the center of [its] work and philosophy&#34;. Total consumer spending on entertainment and media is expected to advance at a compounded annual growth rate (&#34;CAGR&#34;) of 3.9% into a $915 billion market of its own by mid-decade. And much of this acceleration will be driven by demand for video streaming services, which is expected to expand at a CAGR of more than 18% over the next five years and blossom into a $190 billion opportunity. As Apple continues to encourage sign-ups with competitively priced offerings like Apple Bundle and engaging content, Apple TV+ has potential for acceleration over the longer-term and further bolster Services growth.</p><p><b>Commercial Services:</b> The company&#39;s increasing penetration into commercial markets with the latest launch of &#34;Apple Business Essentials&#34; also drives greater market share expansion and growth for its Services segment in coming years. The new service offering targeting small- and medium-sized businesses (&#34;SMBs&#34;) pairs well with already-strong uptake rates of Apple devices across the industry, and remains a prudent strategy for driving greater adjacent revenue growth in the Services segment. Apple Business Essentials combines all device management services spanning 24/7 technical support to security and cloud storage into one convenient offering, making Apple device adoption in the workplace a more convenient and efficient process for commercial users.</p><p>With digital transformation being progressively viewed as a business strategy for remaining economically competitive, Apple Business Essentials is expected to further Apple&#39;s capitalization of commercial opportunities ahead. And Apple&#39;s upcoming launch of the &#34;Tap-to-Pay&#34; feature, which will allow SMBs to &#34;accept payments through Apple Pay, credit cards and digital wallets&#34; using near field communication (&#34;NFC&#34;) straight from the iPhone, is also expected to strategically provide mutual reinforcement for both hardware and service sales within the commercial landscape in coming years.</p><p><b>App Store:</b> Continued growth in market demand for mobile applications will also be a boon to Apple&#39;s fast-growing services segment. The global market for mobile applications is expected to grow at a CAGR of 18.4% and reach a market value of more than $400 billion over the next five years. With AAPL hosting one of the largest and most used app stores in the world, it would be reasonable to assume that related revenues would grow at a similar pace.</p><p>Despite mounting global regulatory scrutiny over Apple&#39;s alleged antitrust violations with its App Store, the company&#39;s continued focus on ensuring user privacy, security, and ease of transactions remains key strategies for retaining user adoption. According to a survey of 4,000 Apple product users performed by <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> across the U.S. and China, most have indicated loyalty to Apple&#39;s App store due to the &#34;value of security, privacy and ease of transactions&#34; provided, despite developers pushing for rights to transact outside of Apple&#39;s ecosystem.</p><p><b>What to Look for After Earnings</b></p><p>For the current quarter, management has warned of continuing supply headwinds stemming from COVID-related disruptions and industry-wide silicon shortages. On the demand side, COVID disruptions observed in China - which represents almost a fifth of total Apple sales - have slowed domestic consumption. Paired with the company&#39;s recent pullout from the Russian market following the Ukraine war, which drove a 150 bps decrease to sales growth in the March-quarter, the company is expecting a quantified impact of $4 billion to $8 billion from the combined challenges for the June-quarter.</p><p>But these impacts to the company&#39;s fundamental strength and valuation prospects are expected to remain minimum given their transitory nature. Yes, they will bring about some volatility in the near-term for sure, but the stock&#39;s bullish narrative in the long run, backed by continued growth and a strong balance sheet, remains intact.</p><p><b>China&#39;s COVID Situation:</b> Production at most of Apple&#39;s most notable assemblers in China, including Pegatron, Foxconn and Quanta have resumed after temporary suspensions in response to China&#39;s attempt to curb the resurgence of omicron infections. Most are currently operating out of a &#34;closed-loop system&#34;, where &#34;workers live on-site and are tested regularly&#34; to reduce chances of a widespread outbreak.</p><p>But logistical challenges remain intense due to strict quarantine controls levied on the country&#39;s trucking fleet, which is responsible for transporting about 75% of total freight in China. Key industrial hubs like Jiangsu, Guangdong, Shanxi and Shanghai saw road freight volumes decline by close to a fifth in March compared to the prior year. Only some easing has been observed since late April, as China continues to struggle with getting a grip on persistent infection rates, especially in the Shanghai corridor that houses some of Apple&#39;s final assembly plants. Despite the return to closed-loop operations, the assembly plants are facing heightening risks of exposure to dwindling inventory levels as a result of ongoing logistical challenges. As such, we consider Apple&#39;s recent guidance of an upward adjusted estimate on product disruption for the current quarter a prudent decision in setting market expectations in the near-term.</p><p><b>Silicon Shortages:</b> Industry-wide silicon shortages have been going on more than a year now, with the aftermath of pandemic-era disruptions to production still lingering to this day. Increased demand for chips in the face of accelerating cross-industry digitization, compounded by raw material supply constraints due to the Russia-Ukraine war has also further complicated the situation.</p><p>Apple continues to suffer from the shortage of legacy nodes, which have caused an acute impact to iPad supply. This has led to multiple consecutive periods of declining sales for the segment, despite refreshed demand from both retail and commercial consumers. As the easing timeline on chip shortages remains highly uncertain, we expect related impacts to fluctuate in the range of $3 billion to $6 billion through the rest of the year and potentially through the first half of 2023. This is consistent with observations in the past three quarters prior to added pressure from China&#39;s recent lockdowns and the Russia-Ukraine war.</p><p><b>Russia Exit:</b> Apple noted lost sales growth of about 150 bps in the March-quarter due to its exit from the Russian market following the country&#39;s attack on Ukraine. Considering 9% year-on-year growth observed in the March-quarter, Apple is expected to have lost about $1 billion in sales as a result of pulling out operations from Russia, which is immaterial from both a fundamental and valuations point of view. We also consider Apple&#39;s immediate exit from the Russian market following the onset of the Russia-Ukraine war a prudent move, which precluded the company from exposure to impacts pertaining to ensuing sanctions levied on Russia by the U.S. and its allies.</p><p><b>Tightening Monetary Policy:</b> As discussed in our recent coverage, we consider the Apple stock one of the strongest shields against adverse impacts from the Federal Reserve&#39;s monetary policy tightening measures to quell the hottest inflation in 40 years. While tightening financial conditions have largely deterred investors from risky assets like growth stocks, Apple has remained comparatively resilient given its outperformance of key benchmark indexes still, despite overall year-to-date declines.</p><p>Sustained by robust demand still for its existing offerings, and new opportunities arising from nascent technologies like AR/VR and autonomous vehicles in the long run, Apple is expected to re-emerge from the current market rout stronger than its peers thanks to its fundamental strength. As mentioned in earlier sections, Apple&#39;s strong net cash position also provides sufficient dry powder to fund additional growth in coming years without incurring additional costs of capital amidst rising interest rates.</p><p>The company&#39;s robust balance sheet is also backing generous shareholder returns in the form of share buybacks and dividends, which is a positive gesture under the current market climate. The company returned $27 billion to shareholders in the March-quarter through a combination of $22.9 billion in share buybacks and $3.6 billion in dividends. The company has also promised a dividend increase of 5% to $0.23 per share for the current quarter, and authorized an additional $90 billion in share buybacks as the company works to get its checkbook down to cash neutral over time.</p><p><b>Is Apple Stock a Buy, Sell or Hold?</b></p><p>As Apple continues to press through production challenges and macroeconomic headwinds with outperformance, we are maintaining our 12-month price target for the stock at the $200 to $210 level. This would represent upside potential of more than 30% based on the stock&#39;s last traded share price of $157.28 (May 6th).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9affb0161f8d6b76919faef35ad6a1e\" tg-width=\"640\" tg-height=\"238\" referrerpolicy=\"no-referrer\"/><span>Apple Valuation Analysis (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8310753449dc1befdd9f822f1879c478\" tg-width=\"640\" tg-height=\"249\" referrerpolicy=\"no-referrer\"/><span>Apple Financial Forecast (Author)</span></p><p>As the broad-based market rout continues amidst still-fluid macroeconomic challenges spanning runaway inflation, tightening monetary policies, hard-to-tame COVID outbreaks, and intensifying geopolitical tensions, the current turmoil in equities could &#34;provide a near-term stock pullback which [could be used] as a buying opportunity&#34;. We believe the stock&#39;s market value is currently non-reflective of its fundamental strength, and growth trajectory ahead of robust demand and new product / segment launches that include AR/VR headsets and the Apple car over coming years.</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>Is Apple Stock A Buy, Sell, Or Hold After Recent Earnings?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Apple Stock A Buy, Sell, Or Hold After Recent Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-11 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4509434-apple-stock-buy-sell-hold-recent-earnings><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's March-quarter results set a new non-holiday record with a sales and earnings beat despite slowing consumption and ongoing supply constraints.Yet, the stock's performance has been ...</p>\n\n<a href=\"https://seekingalpha.com/article/4509434-apple-stock-buy-sell-hold-recent-earnings\">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/4509434-apple-stock-buy-sell-hold-recent-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234697813","content_text":"SummaryApple's March-quarter results set a new non-holiday record with a sales and earnings beat despite slowing consumption and ongoing supply constraints.Yet, the stock's performance has been pressured by broad-based market volatility in response to macro challenges that include tightening financial conditions, which do not bode well with growth stocks.Considering Apple's robust balance sheet and continued market strength even under the currently harsh market climate, the stock remains a safe investment with reasonable expectations for further gains ahead.With the impending roll-out of new segments like automotive and virtual reality buoying entry into new markets and fresh growth opportunities, the current market turmoil creates an attractive buying opportunity for Apple's strong valuation prospects over the longer term.Shahid Jamil/iStock Editorial via Getty ImagesThe Apple stock's (NASDAQ:AAPL) zig-zag formation since reporting a record-setting March-quarter sales and earnings beat in late April underscores investors' continued struggle with weighing strong fundamentals against uncertainties on the global economic growth outlook. Investors awarded the stock with an intraday rally of as much as 6% to a high of close to $166 (April 29th) immediately following release of Apple's blockbuster results.However, persistent market jitters in the days leading up to the May FOMC meeting reversed the earnings beat rally as the stock plunged towards the $150-level. Then, the stock recovered slightly on improved market sentiment following last Wednesday's (May 4th) Fed decision on a 50 bps rate increase and release of commentary regarding policy tightening plans in coming months. But it lost momentum and slid again alongside broad-based market declines as market participants braced for the \"cold reality of tightening financial conditions\" that face rising threats of a looming recession.Despite current market woes, Apple remains the \"single member of the [FAANG] group that is still outperforming the S&P 500\" this year. This, again, corroborates investors' debate between prizing the stock for consistent demonstration of fundamental strength and paring valuation premiums on \"fears of an economic slowdown\".It is true that Apple is not without downside risks. The underlying business remains at the forefront of exposure to protracted industry-wide chip supply shortages and other supply chain constraints that have been compounded by the latest COVID-related lockdowns in China. The challenges are weighing on consumer spending levels in Apple's Chinese market, and adding fuel to an inflationary environment around raw material, labour and freight costs that risk margin contraction. Management has quantified the estimated impact at $4 billion to $8 billion in the current quarter, with some expected to be recapturable in later quarters, and others foregone permanently. Apple has also highlighted impacts pertaining to its recently pullout from the Russian market following the country's instigation of war against Ukraine.But Apple's ability to keep wowing investors with stronger-than-expected growth despite a quarter \"blighted by Ukraine war, spiking inflation and China's COVID Zero lockdowns\" is what makes the results all the more impressive. And new product and segment launches that await over the coming months and years bolster further expansion of its total addressable market (\"TAM\") and reach into installed users' pockets over the longer-term, underscoring greater valuation prospects ahead for the stock.The company's yearslong effort in bringing its strong net cash position down to neutral through attractive shareholder returns in the form of buybacks and dividends is also a \"nice struggle\" to have. Apple's strong balance sheet, which provides insulation from rising borrowing costs and sufficient dry powder to fund additional growth in coming years, makes it a safe investment pick in the face of tightening financial conditions. Despite the near-term challenges, Apple remains one of the most attractive investments with remarkable fundamental performance that continues to outshine peers in today's macro climate.What is Apple's Long-Term Outlook? Here's What Apple's FY/2Q22 Earnings Beat Suggests:Apple's March-quarter results exceeded expectations across the board, including its iPad segment which posted a year-on-year sales decline due to supply constraints. The company generated total revenue of $97.3 billion in the period (+8.6% y/y; -22% q/q), topping consensus estimate of $94 billion (+5% y/y; -24% q/q). Net income came in at $1.52 per share, exceeding the average analyst estimate of $1.42.And for the current quarter, management expects the strong showing in its Services segment to continue, which makes sense given its reduced exposure to current supply chain challenges. The anticipated shift in sales mix to higher-margin Services is expected to offset some of increases to product costs in the current inflationary environment. Despite current macro challenges, company has guided gross margin of 42% to 43%, which is still among the best over the past 10 years. And as supply constraints ease over the longer-term with increasing efforts in \"accelerating the in-sourcing of key components such as processors, sensors, displays, batteries and cameras\", the company is well-positioned for sustained margin improvements ahead.iPhoneiPhone sales continued to account for the bulk of the company's consolidated topline, generating $50.6 billion in revenues (+5% y/y; -29% q/q), which also exceeded the average estimate of $49.2 billion (+3% y/y; -31% q/q). The segment's outperformance underscored robust demand for the latest 5G-enabled iPhone 13 and iPhone SE devices, despite acute supply constraints and a tough prior year compare which overlapped a late-year iPhone launch timing.The upcoming Worldwide Developers Conference (\"WWDC\") in June, Apple's annual keynote event, is also expected to bolster the company's iPhone sales in the latter half of both the fiscal and calendar year. All eyes are on the iPhone 14 launch expected for later this year. Based on Apple's \"three-year cycle for new hardware designs\" observed for the iPhone in recent years, the iPhone 14 will likely retain the exterior design of the iPhone 13 which debuted with the iPhone 12.Because larger models typically garner greater demand than the smaller models, there is speculation that Apple will \"rethink\" its iPhone line-up. It is likely that Apple will offer a 6.7\" screen option for a non-Pro model for the first time starting with the iPhone 14, which is expected to capture better customer reception given greater affordability compared to Pro models. If Apple does proceed with such plans, it is also expected to cushion some of the impact from slowing consumer spending in China at the moment given its contracting economy - the max-sized models are particularly popular in region, so offering a more affordable non-Pro option will likely improve Apple's reach into Chinese consumers' wallets.Further improvements to the camera and processing power / performance on the iPhone 14 is also expected to encourage greater upgrades and switches, and buoy continued iPhone segment growth. The iPhone 14 Pro line-up is expected to feature a \"new 48-megapixel sensor for the wide-angle camera…[and] get Apple's new A16 chip\". With more than a quarter of Apple's iPhone installed base being older than 3.5 years (circa iPhone 8 and iPhone X - I personally still use the iPhone 7 which is considered \"vintage\" by some of my peers\"), the upcoming iPhone 14 upgrades will be hard to resist.MacThe Mac also \"continued its resurgence\", posting strong double-digit year-on-year growth for the seventh quarter in the past two years with March-quarter sales totalling $10.4 billion (+15% y/y; -4% q/q). The combination of robust demand and supply constraints have now pushed wait times for some of the highly coveted computing devices out to June. And Apple's transition to its in-house designed silicon has a significant role to play in restoring favourable growth trends observed in recent quarters.The M1 Ultra, which powers the Mac Studio desktop, is now the \"world's most powerful chip for PC\". It enables 7x faster performance than its predecessor, drawing favourable demand from creative professionals spanning app developers to video creators looking for computing power that can handle demanding workloads without compromising performance. The reimagined M1 Pro- / Max-powered MacBook Pro has also been a hit.With Apple silicon consistently proving quality and performance for the Mac line-up, the company has rapidly rose to the top spot by market share in PC sales. Macs represented 18.8% of total PC shipments in the March-quarter, beating long-time industry leader Dell (DELL) and HPE (HPE). Close to half of Mac buyers in the March-quarter noted they were new to the product, underscoring Apple's continued market share gains.iPadOn the iPad front, heightened supply constraints have continued to weigh on sales despite robust demand. iPad sales generated $7.7 billion (-2% y/y; +5% q/q) in revenues in the March-quarter, which still topped average analyst estimates. The segment's installed base reached a record high, with more than half of iPad customers indicating they were new to the device. The all-new M1-powered iPad Air, which includes 5G support, was also well-received. Despite declining March-quarter iPad sales due to supply constraints, Apple led tablet market sales in the period and grabbed close to 40% of market share, beating rival and runner-up Samsung's 20.4% by wide margins.The iPad remains a market favourite despite softening consumer demand. The rapid transition to remote collaboration in the post-pandemic era has marked an inflection point for adoption of multi-purpose tablets. In addition to robust demand from the retail market, Apple's iPads have also been in high demand within the commercial sector. During the March-quarter, Apple iPad Pros were procured by Alaska Airlines (ALK) to replace its legacy check-in kiosks, thanks to the portable device's seamless integration into the airline's existing operations. With rising deployment of tablet devices in the commercial sector to accommodate rapid digital transformation trends and remote working demands in the post-pandemic era, continued innovation empowered by Apple silicon is expected to drive higher growth for the less-lucrative iPad segment once supply headwinds subside.Wearables, Home and AccessoriesThe Wearables, Home and Accessories segment also pulled through with strong double-digit growth in the quarter. Related revenues totalled $8.8 billion (+12% y/y; -40% q/q), consistent with consensus expectations. The category continues to benefit from strong Apple Watch demand driven by increasing consumer preference and attention to health and fitness.The company has been ramping up investments into developing new technology offerings for the wearable product to address increasing user demand for health features, including the \"highly anticipated blood-pressure monitor\" that is expected to debut in 2024, a body-temperature sensor, as well as a \"non-invasive blood sugar monitor\". The upcoming watchOS 9 software update debuting in June is also expected to include improvements to the smartwatch's heart rate monitor, a \"new low-power mode that is designed to let its smartwatch run some apps…without using as much battery life\", and additional \"workout types and metrics…within the Workout app on the watch\". And later this year, Apple is expected to unveil up to three new Apple Watches that include the highly anticipated Series 8 model, an affordable SE model, and an upscale option with \"rugged casing that is aimed at extreme athletes\". The new developments to both software and hardware features are expected to reinforce the segment's growth prospects by extending its reach to new users while also expanding Apple's TAM for wearable technology.ServicesServices was a particular bright spot for Apple in the March-quarter. The segment - which houses sales related to Apple Care, App Store, payments, ads, and other subscription services like Apple TV+ and Apple Music - generated revenues of $19.8 billion (+17% y/y; +2% q/q) in the period, which were \"slightly above projections\". Apple added more than 165 million net new subscriptions in the past 12 months, bringing its total paid user base for Services to 825 million. And with accelerating penetration into the commercial sector, alongside rapid consumer adoption of Apple media and entertainment subscription services bolstered by its convenient and accessible hardware-service ecosystem, the company has guided double-digit growth again for the current quarter.Apple TV+: Despite increasing competition within the segment, as evidenced in the hardships experienced by industry leader Netflix (NFLX) in retaining market share over recent months, Apple TV+ continued to deliver on upbeat results, buoyed by positive viewer response to original productions that include \"Severance\", \"Ted Lasso\" and \"CODA\", which became the first streaming service to win an Oscar for Best Picture.While Apple TV+'s market share of global streaming services remains comparatively nominal when put against rivals like Netflix, HBO Max (WBD), and Disney+ (DIS), the convenient ecosystem Apple maintains to enable easy access remains a strong competitive advantage in driving further share gains in coming years. Apple is well-positioned to benefit from favourable streaming uptake trends ahead with the \"seamless integration of hardware, software and services at the center of [its] work and philosophy\". Total consumer spending on entertainment and media is expected to advance at a compounded annual growth rate (\"CAGR\") of 3.9% into a $915 billion market of its own by mid-decade. And much of this acceleration will be driven by demand for video streaming services, which is expected to expand at a CAGR of more than 18% over the next five years and blossom into a $190 billion opportunity. As Apple continues to encourage sign-ups with competitively priced offerings like Apple Bundle and engaging content, Apple TV+ has potential for acceleration over the longer-term and further bolster Services growth.Commercial Services: The company's increasing penetration into commercial markets with the latest launch of \"Apple Business Essentials\" also drives greater market share expansion and growth for its Services segment in coming years. The new service offering targeting small- and medium-sized businesses (\"SMBs\") pairs well with already-strong uptake rates of Apple devices across the industry, and remains a prudent strategy for driving greater adjacent revenue growth in the Services segment. Apple Business Essentials combines all device management services spanning 24/7 technical support to security and cloud storage into one convenient offering, making Apple device adoption in the workplace a more convenient and efficient process for commercial users.With digital transformation being progressively viewed as a business strategy for remaining economically competitive, Apple Business Essentials is expected to further Apple's capitalization of commercial opportunities ahead. And Apple's upcoming launch of the \"Tap-to-Pay\" feature, which will allow SMBs to \"accept payments through Apple Pay, credit cards and digital wallets\" using near field communication (\"NFC\") straight from the iPhone, is also expected to strategically provide mutual reinforcement for both hardware and service sales within the commercial landscape in coming years.App Store: Continued growth in market demand for mobile applications will also be a boon to Apple's fast-growing services segment. The global market for mobile applications is expected to grow at a CAGR of 18.4% and reach a market value of more than $400 billion over the next five years. With AAPL hosting one of the largest and most used app stores in the world, it would be reasonable to assume that related revenues would grow at a similar pace.Despite mounting global regulatory scrutiny over Apple's alleged antitrust violations with its App Store, the company's continued focus on ensuring user privacy, security, and ease of transactions remains key strategies for retaining user adoption. According to a survey of 4,000 Apple product users performed by Morgan Stanley across the U.S. and China, most have indicated loyalty to Apple's App store due to the \"value of security, privacy and ease of transactions\" provided, despite developers pushing for rights to transact outside of Apple's ecosystem.What to Look for After EarningsFor the current quarter, management has warned of continuing supply headwinds stemming from COVID-related disruptions and industry-wide silicon shortages. On the demand side, COVID disruptions observed in China - which represents almost a fifth of total Apple sales - have slowed domestic consumption. Paired with the company's recent pullout from the Russian market following the Ukraine war, which drove a 150 bps decrease to sales growth in the March-quarter, the company is expecting a quantified impact of $4 billion to $8 billion from the combined challenges for the June-quarter.But these impacts to the company's fundamental strength and valuation prospects are expected to remain minimum given their transitory nature. Yes, they will bring about some volatility in the near-term for sure, but the stock's bullish narrative in the long run, backed by continued growth and a strong balance sheet, remains intact.China's COVID Situation: Production at most of Apple's most notable assemblers in China, including Pegatron, Foxconn and Quanta have resumed after temporary suspensions in response to China's attempt to curb the resurgence of omicron infections. Most are currently operating out of a \"closed-loop system\", where \"workers live on-site and are tested regularly\" to reduce chances of a widespread outbreak.But logistical challenges remain intense due to strict quarantine controls levied on the country's trucking fleet, which is responsible for transporting about 75% of total freight in China. Key industrial hubs like Jiangsu, Guangdong, Shanxi and Shanghai saw road freight volumes decline by close to a fifth in March compared to the prior year. Only some easing has been observed since late April, as China continues to struggle with getting a grip on persistent infection rates, especially in the Shanghai corridor that houses some of Apple's final assembly plants. Despite the return to closed-loop operations, the assembly plants are facing heightening risks of exposure to dwindling inventory levels as a result of ongoing logistical challenges. As such, we consider Apple's recent guidance of an upward adjusted estimate on product disruption for the current quarter a prudent decision in setting market expectations in the near-term.Silicon Shortages: Industry-wide silicon shortages have been going on more than a year now, with the aftermath of pandemic-era disruptions to production still lingering to this day. Increased demand for chips in the face of accelerating cross-industry digitization, compounded by raw material supply constraints due to the Russia-Ukraine war has also further complicated the situation.Apple continues to suffer from the shortage of legacy nodes, which have caused an acute impact to iPad supply. This has led to multiple consecutive periods of declining sales for the segment, despite refreshed demand from both retail and commercial consumers. As the easing timeline on chip shortages remains highly uncertain, we expect related impacts to fluctuate in the range of $3 billion to $6 billion through the rest of the year and potentially through the first half of 2023. This is consistent with observations in the past three quarters prior to added pressure from China's recent lockdowns and the Russia-Ukraine war.Russia Exit: Apple noted lost sales growth of about 150 bps in the March-quarter due to its exit from the Russian market following the country's attack on Ukraine. Considering 9% year-on-year growth observed in the March-quarter, Apple is expected to have lost about $1 billion in sales as a result of pulling out operations from Russia, which is immaterial from both a fundamental and valuations point of view. We also consider Apple's immediate exit from the Russian market following the onset of the Russia-Ukraine war a prudent move, which precluded the company from exposure to impacts pertaining to ensuing sanctions levied on Russia by the U.S. and its allies.Tightening Monetary Policy: As discussed in our recent coverage, we consider the Apple stock one of the strongest shields against adverse impacts from the Federal Reserve's monetary policy tightening measures to quell the hottest inflation in 40 years. While tightening financial conditions have largely deterred investors from risky assets like growth stocks, Apple has remained comparatively resilient given its outperformance of key benchmark indexes still, despite overall year-to-date declines.Sustained by robust demand still for its existing offerings, and new opportunities arising from nascent technologies like AR/VR and autonomous vehicles in the long run, Apple is expected to re-emerge from the current market rout stronger than its peers thanks to its fundamental strength. As mentioned in earlier sections, Apple's strong net cash position also provides sufficient dry powder to fund additional growth in coming years without incurring additional costs of capital amidst rising interest rates.The company's robust balance sheet is also backing generous shareholder returns in the form of share buybacks and dividends, which is a positive gesture under the current market climate. The company returned $27 billion to shareholders in the March-quarter through a combination of $22.9 billion in share buybacks and $3.6 billion in dividends. The company has also promised a dividend increase of 5% to $0.23 per share for the current quarter, and authorized an additional $90 billion in share buybacks as the company works to get its checkbook down to cash neutral over time.Is Apple Stock a Buy, Sell or Hold?As Apple continues to press through production challenges and macroeconomic headwinds with outperformance, we are maintaining our 12-month price target for the stock at the $200 to $210 level. This would represent upside potential of more than 30% based on the stock's last traded share price of $157.28 (May 6th).Apple Valuation Analysis (Author)Apple Financial Forecast (Author)As the broad-based market rout continues amidst still-fluid macroeconomic challenges spanning runaway inflation, tightening monetary policies, hard-to-tame COVID outbreaks, and intensifying geopolitical tensions, the current turmoil in equities could \"provide a near-term stock pullback which [could be used] as a buying opportunity\". We believe the stock's market value is currently non-reflective of its fundamental strength, and growth trajectory ahead of robust demand and new product / segment launches that include AR/VR headsets and the Apple car over coming years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088649252,"gmtCreate":1650341408605,"gmtModify":1676534701184,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Fair write up and analysis&nbsp;","listText":"Fair write up and analysis&nbsp;","text":"Fair write up and analysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088649252","repostId":"1159339703","repostType":4,"repost":{"id":"1159339703","pubTimestamp":1650338536,"share":"https://www.laohu8.com/m/news/1159339703?lang=&edition=full","pubTime":"2022-04-19 11:22","market":"us","language":"en","title":"Is Tesla Stock A Buy Or Sell Ahead Of Upcoming Earnings?","url":"https://stock-news.laohu8.com/highlight/detail?id=1159339703","media":"Seeking Alpha","summary":"\" section below, I touch on TSLA's new production facilities in Berlin and Austin, which might have contributed to the increase in daily production rate for the first quarter of 2022.In a later section of this article, I touch on how TSLA's Q1 2022 key operating metrics give us an indication of how the company could have performed in the quarter.When Does Tesla Report Earnings?Tesla is reporting the company's earnings for the first quarter of 2022 on April 20, 2022 after trading hours, as per it","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla&#39;s Q1 2022 deliveries amounting to 310,048 units came in marginally below what the market was expecting.</li><li>I expect TSLA&#39;s first-quarter earnings to meet market expectations, but I am less certain about the company&#39;s FY 2021 financial outlook.</li><li>I view Tesla stock as a Hold ahead of upcoming earnings, considering both the company&#39;s full-year prospects and its valuations.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b0cb9c2d1a08ba46bbabbfd256c05c3\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"/><span>jetcityimage/iStock Editorial via Getty Images</span></p><p><b>Elevator Pitch</b></p><p>I have a Hold rating for Tesla, Inc.&#39;s (NASDAQ:TSLA) shares. I discussed about TSLA&#39;s above-expectations Q3 2021 deliveries in my earlier article published on October 15, 2021. In this current article, I look at how Tesla&#39;s Q1 2022 deliveries offer a preview of the company&#39;s upcoming quarterly earnings.</p><p>TSLA&#39;s first-quarter deliveries were only slightly below the market consensus&#39; estimates, and this supports my view that the company&#39;s upcoming Q1 2022 earnings will live up to the market&#39;s expectations. However, there is greater uncertainty over Tesla&#39;s full-year financial performance taking into account the current Shanghai lockdown and the potential drag of the new production facilities on its profitability. As such, I deem a Hold investment rating to be appropriate for TSLA&#39;s shares.</p><p><b>TSLA Stock Key Metrics</b></p><p>On April 2, 2022, TSLA issued a press release announcing the company&#39;s deliveries and production figures for Q1 2022.</p><p>Tesla&#39;s deliveries increased by +67.7% YoY and +0.5% QoQ to 310,048 units in the first quarter of this year. Specifically, deliveries for Model 3/Y grew +61.5% YoY to 295,324 units in Q1 2022, but declined marginally by -0.5% on a QoQ basis. The company&#39;s Model S/X deliveries expanded by +25.1% QoQ and +625.3% YoY to 14,724 units in the most recent quarter.</p><p>More significantly, TSLA&#39;s actual Q1 2022 deliveries fell slightly short of the sell-side&#39;s consensus forecast of312,000 units. I go into detail about the current lockdown in Shanghai, China which could have accounted for the deliveries miss in a subsequent section of the article titled &#34;What To Expect From Earnings&#34;.</p><p>On the positive side of things, Tesla&#39;s production numbers were roughly flat on a QoQ basis at 305,407 units in the first quarter of 2022 as compared to 305,840 units produced in the final quarter of the prior year. In fact, I estimate that TSLA&#39;s daily production rate improved by +2% QoQ in Q1 2022 vis-a-vis Q4 2021 (different numbers of days in two quarters). In the &#34;What Is Tesla&#39;s Forecast?&#34; section below, I touch on TSLA&#39;s new production facilities in Berlin and Austin, which might have contributed to the increase in daily production rate for the first quarter of 2022.</p><p>In a later section of this article, I touch on how TSLA&#39;s Q1 2022 key operating metrics give us an indication of how the company could have performed in the quarter.</p><p><b>When Does Tesla Report Earnings?</b></p><p>Tesla is reporting the company&#39;s earnings for the first quarter of 2022 on April 20, 2022 after trading hours, as per its media release dated April 2, 2022 which was referred to in the preceding section of this article.</p><p><b>What To Expect From Earnings?</b></p><p>The Wall Street&#39;s consensus financial estimates suggest that Tesla&#39;s revenue and non-GAAP normalized earnings per share will grow by +71% YoY and +144% YoY to$17.8 billion and $2.26, respectively in the first quarter.</p><p>Notably, there have been very marginal changes made to the Q1 2022 consensus numbers for TSLA in recent months, even after the disclosure of deliveries in early-April. Tesla&#39;s consensus Q1 top line and bottom line were raised by+0.6% and +0.9%, respectively in the past one months. In the last three months, TSLA&#39;s consensus first quarter revenue was revised upwards by +0.5%, while analysts increased the consensus Q1 EPS by +0.3%. This implies that the market has confidence in Tesla&#39;s ability to deliver the results in the first quarter of this year, and I think the analysts are right.</p><p>In terms of sales volume, Tesla is likely to have been negatively affected by the COVID-19 lockdown in Shanghai, China which began onMarch 28, 2022. But this should have a very limited impact on TSLA&#39;s Q1 revenue given that the lockdown only happened in the last week of March, and this is validated by the fact that the company&#39;s first-quarter deliveries only missed the consensus estimates marginally. But if the lockdown in Shanghai does not ease going forward, TSLA&#39;s operating and financial performance for Q2 2022 could also be adversely affected.</p><p>With respect to pricing, TSLA has sent a strong signal to investors that the company has the pricing power to pass on cost increases to its customers. An April 7, 2022<i>Seeking Alpha News</i> article mentioned that the company &#34;has raised the price of the Model 3 Long Range and Performance variants in the United States&#34; this month. In the news article, it is also highlighted that Tesla has previously raised prices in March as well. This should help to sustain TSLA&#39;s profitability at the gross margin level.</p><p>In a nutshell, I don&#39;t see any major surprises relating to Tesla&#39;s Q1 2022 earnings announcement on April 20, 2022, as I expect the company&#39;s financial performance in the first quarter to be in line with what Wall Street is forecasting.</p><p><b>Is TSLA Stock Overvalued Now?</b></p><p>It is natural to be concerned if TSLA&#39;s shares are overvalued now considering its good share price performance.</p><p><b>Tesla&#39;s Stock Price Performance For The Past One Year</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dad935ce8636d8fa3617a0ef7ce0f18d\" tg-width=\"640\" tg-height=\"221\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p><b>TSLA&#39;s 2022 Year-to-date Share Price Performance</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22536e30336b72c2748f01484bf40f41\" tg-width=\"640\" tg-height=\"221\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>As per the charts presented above, Tesla&#39;s shares have outperformed the S&amp;P 500 for both the one-year and year-to-date time periods.</p><p>But I assess Tesla&#39;s stock to be fairly valued.</p><p>My target price for TSLA is $1,026 based on a forward fiscal 2025 Enterprise Value-to-Revenue multiple of 12 times applied to the company&#39;s consensus FY 2025 top line estimate of $144 billion, and discounted back to the present. My price target is only +4% above Tesla&#39;s last traded share price of $985 as of April 14, 2022, and this supports my view that TSLA is currently at a fair valuation.</p><p><b>What Is Tesla&#39;s Forecast?</b></p><p>It is more important to evaluate the expectations for Tesla&#39;s full-year 2022 results rather than just focusing on the upcoming quarter.</p><p>TSLA is expected to expand the company&#39;s top line and bottom line by +54% and +57% to $82.8 billion and $10.67 per share, respectively for FY 2022. I have a mixed view of whether Tesla can achieve these numbers.</p><p>There has been a slight easing of pandemic restrictions in Shanghai, evidenced by the fact that &#34;some residents of Shanghai were allowed out of their houses and apartments following a two-week shutdown&#34;, according to a recent <i>Seeking Alpha News</i> article published on April 13, 2022. But as long as China sticks to its &#34;COVID-zero&#34; policy, there is always a risk that there could be tightening of COVID-19 restrictions or new lockdowns in Shanghai going forward assuming another spike in pandemic cases somewhere down the road. In other words, this poses downside risks to Tesla&#39;s full-year 2022 deliveries and revenue.</p><p>Separately, new production facilities in Berlin and Austin should be positive for Tesla in terms of increasing the company&#39;s production capacity to meet future demand. According to an April 8, 2022 sell-side report (not publicly available) published by <i>Wedbush</i> titled &#34;Giga Austin Rodeo Takeaways&#34;, Tesla is estimated to &#34;have the run rate capacity for overall ~2 million units annually (by end-2022) from roughly 1 million today&#34; thanks to the Austin and Berlin factories. But it is also inevitable that Tesla&#39;s profit margins will be hurt in the short-term, as the production facilities in Berlin and Austin will naturally be unable to run at their optimal capacities in the early stages of production ramp-up.</p><p>In summary, there are downside risks to TSLA&#39;s revenue and earnings which should warrant attention. It is necessary to watch the China/Shanghai COVID-19 situation and the progress of the Austin and Berlin factories closely to determine if Tesla can deliver a good financial performance for full-year 2022.</p><p>A wildcard for Tesla&#39;s future outlook is Elon Musk&#39;sproposed buyout of Twitter (TWTR). Assuming Elon Musk&#39;s acquisition of TWTR is successful, he could potentially leverage on the Twitter platform to build a stronger community of Tesla buyers and owners. However, as it stands now, Twitter&#39;s board does not seem receptive to the buyout offer, so the deal might not go through.</p><p><b>Is TSLA Stock A Buy, Sell, or Hold?</b></p><p>Tesla stock remains a Hold. I see TSLA&#39;s delivering in-line earnings Q1 2022, implying that there won&#39;t be a substantial beat or miss for the quarter. Also, Tesla&#39;s valuations are deemed to be fair according to my price target; and I have a mixed view of Tesla&#39;s outlook for full-year 2022.</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>Is Tesla Stock A Buy Or Sell Ahead Of Upcoming Earnings?</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\">\nIs Tesla Stock A Buy Or Sell Ahead Of Upcoming Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-19 11:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4501597-tesla-stock-buy-sell-upcoming-earnings><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla's Q1 2022 deliveries amounting to 310,048 units came in marginally below what the market was expecting.I expect TSLA's first-quarter earnings to meet market expectations, but I am less ...</p>\n\n<a href=\"https://seekingalpha.com/article/4501597-tesla-stock-buy-sell-upcoming-earnings\">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/4501597-tesla-stock-buy-sell-upcoming-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159339703","content_text":"SummaryTesla's Q1 2022 deliveries amounting to 310,048 units came in marginally below what the market was expecting.I expect TSLA's first-quarter earnings to meet market expectations, but I am less certain about the company's FY 2021 financial outlook.I view Tesla stock as a Hold ahead of upcoming earnings, considering both the company's full-year prospects and its valuations.jetcityimage/iStock Editorial via Getty ImagesElevator PitchI have a Hold rating for Tesla, Inc.'s (NASDAQ:TSLA) shares. I discussed about TSLA's above-expectations Q3 2021 deliveries in my earlier article published on October 15, 2021. In this current article, I look at how Tesla's Q1 2022 deliveries offer a preview of the company's upcoming quarterly earnings.TSLA's first-quarter deliveries were only slightly below the market consensus' estimates, and this supports my view that the company's upcoming Q1 2022 earnings will live up to the market's expectations. However, there is greater uncertainty over Tesla's full-year financial performance taking into account the current Shanghai lockdown and the potential drag of the new production facilities on its profitability. As such, I deem a Hold investment rating to be appropriate for TSLA's shares.TSLA Stock Key MetricsOn April 2, 2022, TSLA issued a press release announcing the company's deliveries and production figures for Q1 2022.Tesla's deliveries increased by +67.7% YoY and +0.5% QoQ to 310,048 units in the first quarter of this year. Specifically, deliveries for Model 3/Y grew +61.5% YoY to 295,324 units in Q1 2022, but declined marginally by -0.5% on a QoQ basis. The company's Model S/X deliveries expanded by +25.1% QoQ and +625.3% YoY to 14,724 units in the most recent quarter.More significantly, TSLA's actual Q1 2022 deliveries fell slightly short of the sell-side's consensus forecast of312,000 units. I go into detail about the current lockdown in Shanghai, China which could have accounted for the deliveries miss in a subsequent section of the article titled \"What To Expect From Earnings\".On the positive side of things, Tesla's production numbers were roughly flat on a QoQ basis at 305,407 units in the first quarter of 2022 as compared to 305,840 units produced in the final quarter of the prior year. In fact, I estimate that TSLA's daily production rate improved by +2% QoQ in Q1 2022 vis-a-vis Q4 2021 (different numbers of days in two quarters). In the \"What Is Tesla's Forecast?\" section below, I touch on TSLA's new production facilities in Berlin and Austin, which might have contributed to the increase in daily production rate for the first quarter of 2022.In a later section of this article, I touch on how TSLA's Q1 2022 key operating metrics give us an indication of how the company could have performed in the quarter.When Does Tesla Report Earnings?Tesla is reporting the company's earnings for the first quarter of 2022 on April 20, 2022 after trading hours, as per its media release dated April 2, 2022 which was referred to in the preceding section of this article.What To Expect From Earnings?The Wall Street's consensus financial estimates suggest that Tesla's revenue and non-GAAP normalized earnings per share will grow by +71% YoY and +144% YoY to$17.8 billion and $2.26, respectively in the first quarter.Notably, there have been very marginal changes made to the Q1 2022 consensus numbers for TSLA in recent months, even after the disclosure of deliveries in early-April. Tesla's consensus Q1 top line and bottom line were raised by+0.6% and +0.9%, respectively in the past one months. In the last three months, TSLA's consensus first quarter revenue was revised upwards by +0.5%, while analysts increased the consensus Q1 EPS by +0.3%. This implies that the market has confidence in Tesla's ability to deliver the results in the first quarter of this year, and I think the analysts are right.In terms of sales volume, Tesla is likely to have been negatively affected by the COVID-19 lockdown in Shanghai, China which began onMarch 28, 2022. But this should have a very limited impact on TSLA's Q1 revenue given that the lockdown only happened in the last week of March, and this is validated by the fact that the company's first-quarter deliveries only missed the consensus estimates marginally. But if the lockdown in Shanghai does not ease going forward, TSLA's operating and financial performance for Q2 2022 could also be adversely affected.With respect to pricing, TSLA has sent a strong signal to investors that the company has the pricing power to pass on cost increases to its customers. An April 7, 2022Seeking Alpha News article mentioned that the company \"has raised the price of the Model 3 Long Range and Performance variants in the United States\" this month. In the news article, it is also highlighted that Tesla has previously raised prices in March as well. This should help to sustain TSLA's profitability at the gross margin level.In a nutshell, I don't see any major surprises relating to Tesla's Q1 2022 earnings announcement on April 20, 2022, as I expect the company's financial performance in the first quarter to be in line with what Wall Street is forecasting.Is TSLA Stock Overvalued Now?It is natural to be concerned if TSLA's shares are overvalued now considering its good share price performance.Tesla's Stock Price Performance For The Past One YearSeeking AlphaTSLA's 2022 Year-to-date Share Price PerformanceSeeking AlphaAs per the charts presented above, Tesla's shares have outperformed the S&P 500 for both the one-year and year-to-date time periods.But I assess Tesla's stock to be fairly valued.My target price for TSLA is $1,026 based on a forward fiscal 2025 Enterprise Value-to-Revenue multiple of 12 times applied to the company's consensus FY 2025 top line estimate of $144 billion, and discounted back to the present. My price target is only +4% above Tesla's last traded share price of $985 as of April 14, 2022, and this supports my view that TSLA is currently at a fair valuation.What Is Tesla's Forecast?It is more important to evaluate the expectations for Tesla's full-year 2022 results rather than just focusing on the upcoming quarter.TSLA is expected to expand the company's top line and bottom line by +54% and +57% to $82.8 billion and $10.67 per share, respectively for FY 2022. I have a mixed view of whether Tesla can achieve these numbers.There has been a slight easing of pandemic restrictions in Shanghai, evidenced by the fact that \"some residents of Shanghai were allowed out of their houses and apartments following a two-week shutdown\", according to a recent Seeking Alpha News article published on April 13, 2022. But as long as China sticks to its \"COVID-zero\" policy, there is always a risk that there could be tightening of COVID-19 restrictions or new lockdowns in Shanghai going forward assuming another spike in pandemic cases somewhere down the road. In other words, this poses downside risks to Tesla's full-year 2022 deliveries and revenue.Separately, new production facilities in Berlin and Austin should be positive for Tesla in terms of increasing the company's production capacity to meet future demand. According to an April 8, 2022 sell-side report (not publicly available) published by Wedbush titled \"Giga Austin Rodeo Takeaways\", Tesla is estimated to \"have the run rate capacity for overall ~2 million units annually (by end-2022) from roughly 1 million today\" thanks to the Austin and Berlin factories. But it is also inevitable that Tesla's profit margins will be hurt in the short-term, as the production facilities in Berlin and Austin will naturally be unable to run at their optimal capacities in the early stages of production ramp-up.In summary, there are downside risks to TSLA's revenue and earnings which should warrant attention. It is necessary to watch the China/Shanghai COVID-19 situation and the progress of the Austin and Berlin factories closely to determine if Tesla can deliver a good financial performance for full-year 2022.A wildcard for Tesla's future outlook is Elon Musk'sproposed buyout of Twitter (TWTR). Assuming Elon Musk's acquisition of TWTR is successful, he could potentially leverage on the Twitter platform to build a stronger community of Tesla buyers and owners. However, as it stands now, Twitter's board does not seem receptive to the buyout offer, so the deal might not go through.Is TSLA Stock A Buy, Sell, or Hold?Tesla stock remains a Hold. I see TSLA's delivering in-line earnings Q1 2022, implying that there won't be a substantial beat or miss for the quarter. Also, Tesla's valuations are deemed to be fair according to my price target; and I have a mixed view of Tesla's outlook for full-year 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081916710,"gmtCreate":1650179378925,"gmtModify":1676534664553,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Good write up and analysis.&nbsp;","listText":"Good write up and analysis.&nbsp;","text":"Good write up and analysis.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081916710","repostId":"2227986491","repostType":4,"repost":{"id":"2227986491","pubTimestamp":1650153489,"share":"https://www.laohu8.com/m/news/2227986491?lang=&edition=full","pubTime":"2022-04-17 07:58","market":"us","language":"en","title":"Is Tesla a Safe Stock to Buy Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2227986491","media":"Motley Fool","summary":"Tesla as a company has good prospects, but owning the stock comes with some risks.","content":"<html><head></head><body><p><b>Tesla</b> ( TSLA -3.65% ) is a company not easily ignored. Customers seem to love the company&#39;s well-designed electric vehicles (EVs) while the bulls seem quite pleased with the 33% stock price rise in the last 12 months. On the other end, the bears are very skeptical of the sustainability of its outsized stock price run. After all, Tesla stock delivered more than a 15-fold return in the last five years.</p><p>But for potential investors thinking about buying the stock now, it is crucial to consider whether it is safe to invest in Tesla today. While that is not going to be an easy exercise, investors should at least consider these two questions about the company and its stock.</p><p><img src=\"https://static.tigerbbs.com/42bdaade247c7cea04b918d57eb73d34\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><h2><b>1. Is Tesla a durable business?</b></h2><p>Tesla has reported some solid financials lately. After delivering its first profitable year in 2020, Tesla exceeded that performance in 2021. It delivered a record 936,222 EVs to customers, grew revenue and net profit by 73% and 665%, respectively, and expanded free cash flow by 80% to $5 billion.</p><p>But note that the last paragraph started out by using the word &#34;lately.&#34; It&#39;s useful to also be aware that Tesla had never delivered a profitable year until 2020. It has been on the brink of bankruptcy a few times, most recently from 2017 to 2019. But as the worldwide transition from combustion engines into electric engines gained steam, Tesla was favorably positioned to capture the pent-up demand. And it did, as is evident by its solid numbers.</p><p>While the 2021 result was remarkable, it is still an outlier more than a norm. The biggest issue is that two profitable years provide little assurance that Tesla can sustain that in the coming years. As the car industry is highly cyclical, an economic downturn (such as a recession) will cause consumers to tighten their belts. When that happens, average folks tend to delay their purchase of high-value items like a car, which could reduce industry volume. We still do not know how Tesla will perform in such an environment.</p><p>On top of that, the EV race has intensified in recent years. While Tesla is still the dominant player -- with a 21% global market share in 2021, according to Autocar -- incumbents like <b>General Motors</b> and <b>Ford Motor Company</b> have big plans to ramp up their production. Tesla also faces competition from Chinese car companies like <b>BYD</b> and <b>Nio</b>. The former, backed by Warren Buffett, sold 593,745 EVs in 2021. BYD also announced that it would stop producing combustion engine vehicles to focus on EVs and plug-in hybrids.</p><p>In short, Tesla must execute flawlessly in the coming years to maintain its market share and stay profitable. While we do not know whether the company can sustain its strong execution, there is <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing we do know for sure: Gone are the days when Tesla had the whole EV market to itself.</p><h2><b>2. Does Tesla stock offer a margin of safety?</b></h2><p>Ask any investor how to make money in the stock market, and the usual reply will be to buy a stock when the price is low and sell when the price is high. However, this argument is incomplete since an investor should also consider the intrinsic value of the stock. The key is to buy when the stock price is lower than the intrinsic value (and sell when it is above).</p><p>But estimating intrinsic value is not a simple task. Not only are there many methods to calculate the intrinsic value of a company, but every investor will use different variables to compute. It is fair to say that every investor will arrive at a different intrinsic value for the same company.</p><p>Enter: margin of safety. The idea is that when investors buy a stock at a price materially lower than its intrinsic value, they have room for errors in their estimation of its value. Even if they make mistakes, they generally lose little money since they buy the stock cheaply.</p><p>So is Tesla&#39;s stock cheap enough today to offer a margin of safety to investors? Let us consider a few simple metrics. As of writing, Tesla has a price-to-sales (P/S), price-to-book (P/B), and price-to-earnings (P/E) ratio of 21, 35, and 209. Comparatively, General Motors&#39; P/S, P/B, and P/E ratios are 0.5, 1, and 5.9, respectively.</p><p>Tesla bulls will immediately cry foul, claiming that Tesla is fundamentally a different company from GM. While I agree with them that Tesla is not an average company, my argument is this: Is it worth 30 to 40 times more than GM? Or put it differently, is one Tesla equivalent to 30 to 40 GMs? To me, the answer is probably not.</p><h2><b>Back to the original question: Is Tesla stock safe to buy?</b></h2><p>There is no doubt that Tesla is a company with promising prospects. It is a leader in the EV industry and has significant investments in potentially major industries like autonomous vehicles, renewable energy, and others.</p><p>Still, I don&#39;t think it&#39;s safe to buy Tesla stock now with your hard-earned money. One reason is the company just turned profitable in 2020. It would need a few more profitable years before investors can safely assume the turnaround is permanent. Besides, its valuation is not cheap, which offers a very little margin of safety for investors.</p><p>So unless investors are looking for some adrenaline rush, they will be better off staying from the stock. And even if they are looking for such excitement, they can consider buying a Tesla car instead.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Tesla a Safe Stock to Buy Now?</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\">\nIs Tesla a Safe Stock to Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-17 07:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/16/is-tesla-a-safe-stock-to-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla ( TSLA -3.65% ) is a company not easily ignored. Customers seem to love the company's well-designed electric vehicles (EVs) while the bulls seem quite pleased with the 33% stock price rise in ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/16/is-tesla-a-safe-stock-to-buy-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4574":"无人驾驶","BK4548":"巴美列捷福持仓","TSLA":"特斯拉","BK4099":"汽车制造商","BK4551":"寇图资本持仓","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4581":"高盛持仓","BK4555":"新能源车","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4511":"特斯拉概念"},"source_url":"https://www.fool.com/investing/2022/04/16/is-tesla-a-safe-stock-to-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2227986491","content_text":"Tesla ( TSLA -3.65% ) is a company not easily ignored. Customers seem to love the company's well-designed electric vehicles (EVs) while the bulls seem quite pleased with the 33% stock price rise in the last 12 months. On the other end, the bears are very skeptical of the sustainability of its outsized stock price run. After all, Tesla stock delivered more than a 15-fold return in the last five years.But for potential investors thinking about buying the stock now, it is crucial to consider whether it is safe to invest in Tesla today. While that is not going to be an easy exercise, investors should at least consider these two questions about the company and its stock.Image source: Getty Images.1. Is Tesla a durable business?Tesla has reported some solid financials lately. After delivering its first profitable year in 2020, Tesla exceeded that performance in 2021. It delivered a record 936,222 EVs to customers, grew revenue and net profit by 73% and 665%, respectively, and expanded free cash flow by 80% to $5 billion.But note that the last paragraph started out by using the word \"lately.\" It's useful to also be aware that Tesla had never delivered a profitable year until 2020. It has been on the brink of bankruptcy a few times, most recently from 2017 to 2019. But as the worldwide transition from combustion engines into electric engines gained steam, Tesla was favorably positioned to capture the pent-up demand. And it did, as is evident by its solid numbers.While the 2021 result was remarkable, it is still an outlier more than a norm. The biggest issue is that two profitable years provide little assurance that Tesla can sustain that in the coming years. As the car industry is highly cyclical, an economic downturn (such as a recession) will cause consumers to tighten their belts. When that happens, average folks tend to delay their purchase of high-value items like a car, which could reduce industry volume. We still do not know how Tesla will perform in such an environment.On top of that, the EV race has intensified in recent years. While Tesla is still the dominant player -- with a 21% global market share in 2021, according to Autocar -- incumbents like General Motors and Ford Motor Company have big plans to ramp up their production. Tesla also faces competition from Chinese car companies like BYD and Nio. The former, backed by Warren Buffett, sold 593,745 EVs in 2021. BYD also announced that it would stop producing combustion engine vehicles to focus on EVs and plug-in hybrids.In short, Tesla must execute flawlessly in the coming years to maintain its market share and stay profitable. While we do not know whether the company can sustain its strong execution, there is one thing we do know for sure: Gone are the days when Tesla had the whole EV market to itself.2. Does Tesla stock offer a margin of safety?Ask any investor how to make money in the stock market, and the usual reply will be to buy a stock when the price is low and sell when the price is high. However, this argument is incomplete since an investor should also consider the intrinsic value of the stock. The key is to buy when the stock price is lower than the intrinsic value (and sell when it is above).But estimating intrinsic value is not a simple task. Not only are there many methods to calculate the intrinsic value of a company, but every investor will use different variables to compute. It is fair to say that every investor will arrive at a different intrinsic value for the same company.Enter: margin of safety. The idea is that when investors buy a stock at a price materially lower than its intrinsic value, they have room for errors in their estimation of its value. Even if they make mistakes, they generally lose little money since they buy the stock cheaply.So is Tesla's stock cheap enough today to offer a margin of safety to investors? Let us consider a few simple metrics. As of writing, Tesla has a price-to-sales (P/S), price-to-book (P/B), and price-to-earnings (P/E) ratio of 21, 35, and 209. Comparatively, General Motors' P/S, P/B, and P/E ratios are 0.5, 1, and 5.9, respectively.Tesla bulls will immediately cry foul, claiming that Tesla is fundamentally a different company from GM. While I agree with them that Tesla is not an average company, my argument is this: Is it worth 30 to 40 times more than GM? Or put it differently, is one Tesla equivalent to 30 to 40 GMs? To me, the answer is probably not.Back to the original question: Is Tesla stock safe to buy?There is no doubt that Tesla is a company with promising prospects. It is a leader in the EV industry and has significant investments in potentially major industries like autonomous vehicles, renewable energy, and others.Still, I don't think it's safe to buy Tesla stock now with your hard-earned money. One reason is the company just turned profitable in 2020. It would need a few more profitable years before investors can safely assume the turnaround is permanent. Besides, its valuation is not cheap, which offers a very little margin of safety for investors.So unless investors are looking for some adrenaline rush, they will be better off staying from the stock. And even if they are looking for such excitement, they can consider buying a Tesla car instead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959658579,"gmtCreate":1672977237091,"gmtModify":1676538765626,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959658579","repostId":"1103548281","repostType":4,"repost":{"id":"1103548281","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1672976304,"share":"https://www.laohu8.com/m/news/1103548281?lang=&edition=full","pubTime":"2023-01-06 11:38","market":"us","language":"en","title":"Android Has a Response to iPhone’s Satellite Connection, Thanks to Qualcomm","url":"https://stock-news.laohu8.com/highlight/detail?id=1103548281","media":"Dow Jones","summary":"Qualcomm Inc. is looking to leapfrog Apple Inc. by offering emergency satellite phone service using ","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/QCOM\">Qualcomm Inc.</a> is looking to leapfrog <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> by offering emergency satellite phone service using Android smartphones, with specific product announcements expected by the middle of the year.</p><p>At the CES tech event in Las Vegas, <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a> announced it has partnered with satellite network Iridium Communications Inc. on Snapdragon Satellite, a service where next-generation smartphones will run Alphabet Inc.’s Android operating system.</p><p>By using an appropriate Android smartphone with a clear view of the sky, users outside the reach of cellular service will be able to send emergency SMS messages using a network of 66 satellites, Qualcomm said.</p><p>In a presentation to media, Francesco Grilli, Qualcomm’s head of product management, said the service has a faster turnaround time for text messages, sometimes as fast as 10 seconds, compared with a minute or more for other services in areas with no cellular service. To use the service, Android users will point their phone at the sky to link with an Iridium satellite.</p><p>For now, the service is just for messaging, which uses less bandwidth than voice services that require a constant connection.</p><p>In September, shares of Globalstar Inc. were volatile after Apple Inc. announced a partnership with the satellite company to provide emergency services.</p><p>Unlike Globalstar, however, Snapdragon Satellite will not need a satellite gateway on the ground, meaning the device will communicate directly with a satellite rather routing messages through infrastructure on earth.</p><p>“If there is no gateway in the area where you are, you’re out of luck,” Grilli said of Globalstar. “So if you are in the middle of the ocean, there is no Globalstar gateway there, so you have no coverage. If you are in Antarctica, there is no gateway there, you have no coverage.”</p><p>Qualcomm could not comment on specific original equipment manufacturers at the present time. The consumer-facing service will likely start in Western Europe and North America at a cost yet to be determined.</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>Android Has a Response to iPhone’s Satellite Connection, Thanks to Qualcomm</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\">\nAndroid Has a Response to iPhone’s Satellite Connection, Thanks to Qualcomm\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-06 11:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/QCOM\">Qualcomm Inc.</a> is looking to leapfrog <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> by offering emergency satellite phone service using Android smartphones, with specific product announcements expected by the middle of the year.</p><p>At the CES tech event in Las Vegas, <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a> announced it has partnered with satellite network Iridium Communications Inc. on Snapdragon Satellite, a service where next-generation smartphones will run Alphabet Inc.’s Android operating system.</p><p>By using an appropriate Android smartphone with a clear view of the sky, users outside the reach of cellular service will be able to send emergency SMS messages using a network of 66 satellites, Qualcomm said.</p><p>In a presentation to media, Francesco Grilli, Qualcomm’s head of product management, said the service has a faster turnaround time for text messages, sometimes as fast as 10 seconds, compared with a minute or more for other services in areas with no cellular service. To use the service, Android users will point their phone at the sky to link with an Iridium satellite.</p><p>For now, the service is just for messaging, which uses less bandwidth than voice services that require a constant connection.</p><p>In September, shares of Globalstar Inc. were volatile after Apple Inc. announced a partnership with the satellite company to provide emergency services.</p><p>Unlike Globalstar, however, Snapdragon Satellite will not need a satellite gateway on the ground, meaning the device will communicate directly with a satellite rather routing messages through infrastructure on earth.</p><p>“If there is no gateway in the area where you are, you’re out of luck,” Grilli said of Globalstar. “So if you are in the middle of the ocean, there is no Globalstar gateway there, so you have no coverage. If you are in Antarctica, there is no gateway there, you have no coverage.”</p><p>Qualcomm could not comment on specific original equipment manufacturers at the present time. The consumer-facing service will likely start in Western Europe and North America at a cost yet to be determined.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","QCOM":"高通","GOOGL":"谷歌A"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103548281","content_text":"Qualcomm Inc. is looking to leapfrog Apple Inc. by offering emergency satellite phone service using Android smartphones, with specific product announcements expected by the middle of the year.At the CES tech event in Las Vegas, Qualcomm announced it has partnered with satellite network Iridium Communications Inc. on Snapdragon Satellite, a service where next-generation smartphones will run Alphabet Inc.’s Android operating system.By using an appropriate Android smartphone with a clear view of the sky, users outside the reach of cellular service will be able to send emergency SMS messages using a network of 66 satellites, Qualcomm said.In a presentation to media, Francesco Grilli, Qualcomm’s head of product management, said the service has a faster turnaround time for text messages, sometimes as fast as 10 seconds, compared with a minute or more for other services in areas with no cellular service. To use the service, Android users will point their phone at the sky to link with an Iridium satellite.For now, the service is just for messaging, which uses less bandwidth than voice services that require a constant connection.In September, shares of Globalstar Inc. were volatile after Apple Inc. announced a partnership with the satellite company to provide emergency services.Unlike Globalstar, however, Snapdragon Satellite will not need a satellite gateway on the ground, meaning the device will communicate directly with a satellite rather routing messages through infrastructure on earth.“If there is no gateway in the area where you are, you’re out of luck,” Grilli said of Globalstar. “So if you are in the middle of the ocean, there is no Globalstar gateway there, so you have no coverage. If you are in Antarctica, there is no gateway there, you have no coverage.”Qualcomm could not comment on specific original equipment manufacturers at the present time. The consumer-facing service will likely start in Western Europe and North America at a cost yet to be determined.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084300755,"gmtCreate":1650804428024,"gmtModify":1676534795618,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice sharing&nbsp;","listText":"Nice sharing&nbsp;","text":"Nice sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084300755","repostId":"1180044728","repostType":4,"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086149271,"gmtCreate":1650425174468,"gmtModify":1676534721997,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Good overview and summary write up","listText":"Good overview and summary write up","text":"Good overview and summary write up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086149271","repostId":"2228791333","repostType":4,"repost":{"id":"2228791333","pubTimestamp":1650420157,"share":"https://www.laohu8.com/m/news/2228791333?lang=&edition=full","pubTime":"2022-04-20 10:02","market":"us","language":"en","title":"Why Tesla Stock Popped Before Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2228791333","media":"Motley Fool","summary":"The Shanghai factory gets back to work -- slowly.","content":"<html><head></head><body><h2>What happened</h2><p>Electric cars giant <b>Tesla</b> is set to report earnings after close of trading tomorrow, Wednesday, April 20.</p><p>Even before the news is out, however, Tesla investors are taking a victory lap today, and Tesla stock rose 2.4% as of closing as investors begin to place bets on what the news will hold.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/008fbc47f44a9f26f96815d341c3956b\" tg-width=\"700\" tg-height=\"368\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>So what</h2><p>Wall Street is of two minds about what Tesla will report tomorrow. On the <a href=\"https://laohu8.com/S/AONE.U\">one</a> hand, Tesla perma-bear Gordon Johnson at GLJ Research is warning that Tesla&#39;s operating cash flow is going to come in only <i>half </i>as strong as the $2.3 billion that other analysts have forecast, sending Tesla&#39;s stock price plummeting tomorrow afternoon. On the other hand, Credit Suisse is raising its Tesla price target to $1,125 on the theory that earnings calculated according to generally accepted accounting principles (GAAP), at least, will be better than others expect.</p><p>(Credit Suisse sees earnings coming in at $2.56 per share, versus the $2.26-per-share consensus, reports TheFly.com.)</p><h2>Now what</h2><p>Whether Tesla beats or misses the precise numbers that analysts are forecasting for tomorrow, however, here&#39;s what you should actually be focusing on:</p><p>Chinese news agency Xinhua reported this morning that at long last, Tesla has resumed car production at its Shanghai factory. The reopening is going slower than predicted, however, and Tesla apparently won&#39;t be up to running even one full shift (out of four total shifts in a week) until the end of this week.</p><p>Still, the restart <i>is </i>happening, and that means that Tesla is getting back on track toward its goal of producing 1 million electric cars globally this year. With Shanghai alone able to cover nearly half that number, restarting production there is absolutely crucial to Tesla&#39;s success in hitting its goal this year. Expect Tesla to update investors on the status of its restart tomorrow and to confirm or deny that it can still reach its target after losing three full weeks (and counting) of production capacity in China.</p><p>In the long term, those three weeks will probably dwindle in significance. In the short term, however, whether Tesla is forced to move the goalposts for 2022 could have a marked affect on the stock price 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>Why Tesla Stock Popped Before Earnings</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\">\nWhy Tesla Stock Popped Before Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-20 10:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/19/why-tesla-stock-popped-before-earnings/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedElectric cars giant Tesla is set to report earnings after close of trading tomorrow, Wednesday, April 20.Even before the news is out, however, Tesla investors are taking a victory lap ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/19/why-tesla-stock-popped-before-earnings/\">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://www.fool.com/investing/2022/04/19/why-tesla-stock-popped-before-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228791333","content_text":"What happenedElectric cars giant Tesla is set to report earnings after close of trading tomorrow, Wednesday, April 20.Even before the news is out, however, Tesla investors are taking a victory lap today, and Tesla stock rose 2.4% as of closing as investors begin to place bets on what the news will hold.Image source: Getty Images.So whatWall Street is of two minds about what Tesla will report tomorrow. On the one hand, Tesla perma-bear Gordon Johnson at GLJ Research is warning that Tesla's operating cash flow is going to come in only half as strong as the $2.3 billion that other analysts have forecast, sending Tesla's stock price plummeting tomorrow afternoon. On the other hand, Credit Suisse is raising its Tesla price target to $1,125 on the theory that earnings calculated according to generally accepted accounting principles (GAAP), at least, will be better than others expect.(Credit Suisse sees earnings coming in at $2.56 per share, versus the $2.26-per-share consensus, reports TheFly.com.)Now whatWhether Tesla beats or misses the precise numbers that analysts are forecasting for tomorrow, however, here's what you should actually be focusing on:Chinese news agency Xinhua reported this morning that at long last, Tesla has resumed car production at its Shanghai factory. The reopening is going slower than predicted, however, and Tesla apparently won't be up to running even one full shift (out of four total shifts in a week) until the end of this week.Still, the restart is happening, and that means that Tesla is getting back on track toward its goal of producing 1 million electric cars globally this year. With Shanghai alone able to cover nearly half that number, restarting production there is absolutely crucial to Tesla's success in hitting its goal this year. Expect Tesla to update investors on the status of its restart tomorrow and to confirm or deny that it can still reach its target after losing three full weeks (and counting) of production capacity in China.In the long term, those three weeks will probably dwindle in significance. In the short term, however, whether Tesla is forced to move the goalposts for 2022 could have a marked affect on the stock price this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022267713,"gmtCreate":1653532698432,"gmtModify":1676535300037,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice read","listText":"Nice read","text":"Nice read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022267713","repostId":"2238349985","repostType":4,"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076991356,"gmtCreate":1657767335575,"gmtModify":1676536059223,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076991356","repostId":"1193857181","repostType":4,"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084084030,"gmtCreate":1650777290837,"gmtModify":1676534791636,"author":{"id":"4097763203236150","authorId":"4097763203236150","name":"JntEu","avatar":"https://community-static.tradeup.com/news/73a60206124152c9e8a40cbae4ebb96f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice sharing.","listText":"Nice sharing.","text":"Nice sharing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084084030","repostId":"2229161504","repostType":4,"repost":{"id":"2229161504","pubTimestamp":1650678520,"share":"https://www.laohu8.com/m/news/2229161504?lang=&edition=full","pubTime":"2022-04-23 09:48","market":"us","language":"en","title":"PayPal Stock Is Under the Microscope Ahead of Earnings; Here’s What to Expect","url":"https://stock-news.laohu8.com/highlight/detail?id=2229161504","media":"TipRanks","summary":"In just a little under a week from now -- Wednesday, April 27, after close of trading -- fintech gia","content":"<div>\n<p>In just a little under a week from now -- Wednesday, April 27, after close of trading -- fintech giant PayPal (PYPL) is due to report its Q1 2022 earnings. And if you were around to see how the market...</p>\n\n<a href=\"https://www.tipranks.com/news/article/paypal-stock-is-under-the-microscope-ahead-of-earnings-heres-what-to-expect/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal Stock Is Under the Microscope Ahead of Earnings; Here’s What to Expect</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal Stock Is Under the Microscope Ahead of Earnings; Here’s What to Expect\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-23 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/paypal-stock-is-under-the-microscope-ahead-of-earnings-heres-what-to-expect/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In just a little under a week from now -- Wednesday, April 27, after close of trading -- fintech giant PayPal (PYPL) is due to report its Q1 2022 earnings. And if you were around to see how the market...</p>\n\n<a href=\"https://www.tipranks.com/news/article/paypal-stock-is-under-the-microscope-ahead-of-earnings-heres-what-to-expect/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.tipranks.com/news/article/paypal-stock-is-under-the-microscope-ahead-of-earnings-heres-what-to-expect/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229161504","content_text":"In just a little under a week from now -- Wednesday, April 27, after close of trading -- fintech giant PayPal (PYPL) is due to report its Q1 2022 earnings. And if you were around to see how the market reacted the last time PayPal reported earnings, that probably has you feeling just the teensiest bit nervous (Hint: The last time PayPal reported earnings, its stock crashed 25% in a day).Ahead of the print, RBC analyst Daniel Perlin keeps his Outperform (i.e. Buy) rating intact, but lowers his price target from $180 to $118. Not to worry, there's still upside of 36% from current levels. Perlin is not quite so optimistic about what PayPal will report for Q1 2022, as the rest of Wall Street seems to be. Street estimates have PayPal reporting $6.4 billion for the quarter -- 6% year-over-year growth -- versus Perlin's prediction of $6.3 billion in revenue (5% growth). At the same time, Perlin believes the Street is unfortunately correct about what PayPal will report for earnings -- $0.87 per share, a 29% decline year over year.Moreover, given trends in consumer spending of late -- a shift away from buying goods, which can often be paid for via PayPal, to buying services, for which PayPal is less often used; a less pandemic-bound economy in which more purchases are made in stores (where again, PayPal usage is a rarity); and also a high-inflation world which discourages frivolous purchases of \"discretionary\" goods (another PayPal forte) -- Perlin expects PayPal guide to lower on the rest of this year when it reports earnings next week.Previously, PayPal had guided investors to expect something on the order of 15% to 17% revenue growth in 2022. Next week, Perlin says investors should expect new guidance to \"tilt to the low-end\" of that range.What does that mean in dollars and cents? According to the analyst, after PayPal misses on sales next week, it's likely to continue missing all year long. Perlin is penciling in $28.6 billion in sales for this year, versus a Wall Street consensus of $29.3 billion. Similarly, fiscal year 2023 sales will probably come up short -- only $33.6 billion instead of the Street's forecast $35 billion.Likewise with earnings. Perlin has PayPal pegged for $4.53 per share in 2022 profits, and only $5.64 per share in 2023. That's as compared to Street expectations of $4.63 and $5.78, respectively.Granted, when push comes to shove, Perlin still thinks PayPal stock is \"cheap\" at just 16 times his predicted profits for fiscal 2023. But honestly -- when you consider that he's predicting an earnings miss next week, more earnings misses all through 2022, and even more earnings misses in 2023, you kind of have to wonder: Maybe PayPal is just cheap for a reason.","news_type":1},"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}