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2022-06-08

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US STOCKS-Wall St Jumps with Tech, Energy; Target News Weighs on Retailers

2022-06-03

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2022-06-01

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US STOCKS-Wall Street Pulls Back After Last Week's Rally With Inflation in Focus

2022-05-27

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2022-06-02

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2022-08-12

2022-06-07

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SEC Closes In on Rules That Could Reshape How Stock Market Operates

2022-10-26

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Singapore Stocks To Watch: Aims Apac Reit, GSH Corporation

2022-05-27

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industrial, logistics and warehouse properties by December 2023.</p><p>A total of 20,157 rooftop solar panels spanning 5.2 hectares will be deployed and maintained by SP Group at the following AA Reit properties: 20 Gul Way, 27 Penjuru Lane, 30 Tuas West Road, 103 Defu Lane, 8 &amp; 10 Pandan Crescent and 8 Tuas Avenue 20.</p><p>In a joint statement on Friday (Sep 16), AA Reit and SP Group said the combined solar PV system will have a total installed capacity of 10 megawatt-peak, making it one of the largest rooftop solar installations by any Singapore-listed real estate investment trust.</p><p><a href=\"https://laohu8.com/S/BDX.SI\">GSH Corporation</a>: GSH Corporation has closed its first initial issue of digital commercial paper and raised S$19.54 million in gross proceeds, the mainboard-listed player said in a regulatory filing on Thursday (Sep 15).</p><p>The issue, launched under a S$200 million multi-tranche unsecured commercial paper facility programme and to be listed on the ADDX Platform, offers an interest rate of 4.10 per cent per annum and matures 3 months from the date of its listing.</p><p>Sam Goi Seng Hui, Gilbert Ee Guan Hui and Juliette Lee Hwee Khoon were among the subscribers of the issue with their holdings of S$11.82 million amounting to 60.5 per cent of the issue.</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>Singapore Stocks To Watch: Aims Apac Reit, GSH Corporation</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks To Watch: Aims Apac Reit, GSH Corporation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-16 08:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Friday (Sep 16):</p><p><a href=\"https://laohu8.com/S/O5RU.SI\">Aims Apac Reit</a>: AIMS Apac Real Estate Investment Trust (AA Reit) has partnered SP Group to install rooftop solar photovoltaic (PV) systems across 6 of its industrial, logistics and warehouse properties by December 2023.</p><p>A total of 20,157 rooftop solar panels spanning 5.2 hectares will be deployed and maintained by SP Group at the following AA Reit properties: 20 Gul Way, 27 Penjuru Lane, 30 Tuas West Road, 103 Defu Lane, 8 &amp; 10 Pandan Crescent and 8 Tuas Avenue 20.</p><p>In a joint statement on Friday (Sep 16), AA Reit and SP Group said the combined solar PV system will have a total installed capacity of 10 megawatt-peak, making it one of the largest rooftop solar installations by any Singapore-listed real estate investment trust.</p><p><a href=\"https://laohu8.com/S/BDX.SI\">GSH Corporation</a>: GSH Corporation has closed its first initial issue of digital commercial paper and raised S$19.54 million in gross proceeds, the mainboard-listed player said in a regulatory filing on Thursday (Sep 15).</p><p>The issue, launched under a S$200 million multi-tranche unsecured commercial paper facility programme and to be listed on the ADDX Platform, offers an interest rate of 4.10 per cent per annum and matures 3 months from the date of its listing.</p><p>Sam Goi Seng Hui, Gilbert Ee Guan Hui and Juliette Lee Hwee Khoon were among the subscribers of the issue with their holdings of S$11.82 million amounting to 60.5 per cent of the issue.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BDX.SI":"群策环球控股","O5RU.SI":"宝泽安保资本工业房地产信托"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191423536","content_text":"THE following companies saw new developments that may affect trading of their securities on Friday (Sep 16):Aims Apac Reit: AIMS Apac Real Estate Investment Trust (AA Reit) has partnered SP Group to install rooftop solar photovoltaic (PV) systems across 6 of its industrial, logistics and warehouse properties by December 2023.A total of 20,157 rooftop solar panels spanning 5.2 hectares will be deployed and maintained by SP Group at the following AA Reit properties: 20 Gul Way, 27 Penjuru Lane, 30 Tuas West Road, 103 Defu Lane, 8 & 10 Pandan Crescent and 8 Tuas Avenue 20.In a joint statement on Friday (Sep 16), AA Reit and SP Group said the combined solar PV system will have a total installed capacity of 10 megawatt-peak, making it one of the largest rooftop solar installations by any Singapore-listed real estate investment trust.GSH Corporation: GSH Corporation has closed its first initial issue of digital commercial paper and raised S$19.54 million in gross proceeds, the mainboard-listed player said in a regulatory filing on Thursday (Sep 15).The issue, launched under a S$200 million multi-tranche unsecured commercial paper facility programme and to be listed on the ADDX Platform, offers an interest rate of 4.10 per cent per annum and matures 3 months from the date of its listing.Sam Goi Seng Hui, Gilbert Ee Guan Hui and Juliette Lee Hwee Khoon were among the subscribers of the issue with their holdings of S$11.82 million amounting to 60.5 per cent of the issue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907771915,"gmtCreate":1660261651339,"gmtModify":1676532348168,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a><v-v data-views=\"1\"></v-v>upp!","listText":"<a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a><v-v data-views=\"1\"></v-v>upp!","text":"$AMD(AMD)$upp!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907771915","isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051341647,"gmtCreate":1654647881589,"gmtModify":1676535484191,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051341647","repostId":"2241388884","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9053512198,"gmtCreate":1654561517414,"gmtModify":1676535468638,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053512198","repostId":"2241096104","repostType":4,"repost":{"id":"2241096104","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":1654558175,"share":"https://www.laohu8.com/m/news/2241096104?lang=&edition=full","pubTime":"2022-06-07 07:29","market":"us","language":"en","title":"SEC Closes In on Rules That Could Reshape How Stock Market Operates","url":"https://stock-news.laohu8.com/highlight/detail?id=2241096104","media":"Dow Jones","summary":"WASHINGTON -- The Securities and Exchange Commission is preparing to propose major changes to the st","content":"<html><head></head><body><p>WASHINGTON -- The Securities and Exchange Commission is preparing to propose major changes to the stock market&#39;s plumbing as soon as this fall.</p><p>Chairman Gary Gensler directed SEC staff last year to explore ways to make the stock market more efficient for small investors and public companies. While aspects of the effort are in varying stages of development, <a href=\"https://laohu8.com/S/AONE.U\">one</a> idea that has gained traction is to require brokerages to send most individual investors&#39; orders to be routed into auctions where trading firms compete to execute them, people familiar with the matter said.</p><p>SEC staffers have begun floating plans with market participants in recent weeks, and Mr. Gensler is planning to detail some of the potential changes in a speech Wednesday, these people added.</p><p>The most consequential change being discussed would affect the way trades are handled after an investor places a so-called market order with a broker to buy or sell a stock. Market orders, which account for the majority of individual investors&#39; trades, don&#39;t specify a minimum or maximum price the investor is willing to pay.</p><p>Mr. Gensler has said he wants to ensure that brokers execute orders at the best possible price for investors -- the highest price for when an investor is selling, or the lowest price if they are buying.</p><p>Current rules require brokers to perform &#34;reasonable diligence&#34; to determine the likely best market for executing a trade. Many brokers route orders to big electronic trading firms called wholesalers, including Citadel Securities or Virtu Financial Inc., rather than to exchanges such as the Nasdaq Stock Market, arguing that the wholesalers provide the best prices.</p><p>Some brokers, including Charles Schwab Corp. and <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets Inc., accept compensation from wholesalers for routing trades to their venues. Mr. Gensler has said this practice, known as payment for order flow, creates a conflict of interest and limits competition for individual orders.</p><p>Under the auctions being considered by the SEC, different firms would compete with each other to fill an individual investor&#39;s trade, according to people familiar with the agency&#39;s plans. Such a mechanism would fundamentally alter the business model of wholesalers, which can make more money by trading against small investors than they do on public exchanges, where they may find themselves trading with other sophisticated trading firms or institutional investors.</p><p>An SEC spokesman declined to comment.</p><p>A number of Wall Street firms pushed back forcefully last year when it became apparent that Mr. Gensler was targeting their business models. Wholesalers and brokers ramped up their lobbying and campaign spending in Washington and published their own plans for improving the stock market.</p><p>Virtu and Citadel Securities, in particular, have argued against the sort of changes the SEC is considering. They say the current system, including payment for order flow, has underpinned a broad reduction to trading costs that has made the stock market more accessible.</p><p>Douglas Cifu, chief executive of Virtu, said the order-by-order competition sought by Mr. Gensler could allow trading firms more discretion in choosing which trades they fill. This could end up being more profitable in the short term for wholesalers, he said, but wouldn&#39;t necessarily help investors.</p><p>&#34;The SEC should engage all market participants before proposing significant untested changes that would harm retail investors&#39; execution quality and reduce retail investors&#39; access to our capital markets,&#34; Mr. Cifu said.</p><p>A spokesman for Citadel Securities said that the firm looks forward to reviewing the SEC&#39;s proposals and working with the agency.</p><p>&#34;It is important to recognize that the current market structure has resulted in tighter spreads, greater transparency and meaningfully reduced costs for retail investors,&#34; the spokesman added.</p><p>The SEC commenced its review of market structure after the frenzied trading in GameStop Corp. and other meme stocks in early 2021 brought fresh scrutiny to the handling of individual investors&#39; trades.</p><p>After a year of internal deliberations, the agency has homed in on a narrowing set of proposals. If the SEC votes to release them for public comment later this year, they would have a path to implementation, as Democrats hold a majority of seats on the commission.</p><p>The agency is also considering creating a more-stringent version of the so-called best-execution rule that directs brokers to find the most favorable terms for their customers, two of the people said. The rule that brokers currently follow was written by the Financial Industry Regulatory Authority, an industry body overseen by the SEC.</p><p>The SEC is also weighing a proposal to allow stock exchanges to quote shares in increments of less than 1 cent. This could enable venues like Nasdaq or the New York Stock Exchange to better compete with wholesalers, which can beat the prices publicly displayed on exchanges by adding or subtracting hundredths of a penny to the price of a stock. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> people familiar with the matter said the agency is also considering an idea to harmonize the price increments, known as tick sizes, that are available on exchanges versus other venues.</p><p>In addition, SEC officials are aiming to reduce the maximum fee that exchanges can charge brokers to access their quotes, two of the people said. Like some of the other changes under consideration, such a move could encourage more orders to be sent to exchanges rather than to other venues.</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>SEC Closes In on Rules That Could Reshape How Stock Market Operates</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\">\nSEC Closes In on Rules That Could Reshape How Stock Market Operates\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\">2022-06-07 07:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WASHINGTON -- The Securities and Exchange Commission is preparing to propose major changes to the stock market&#39;s plumbing as soon as this fall.</p><p>Chairman Gary Gensler directed SEC staff last year to explore ways to make the stock market more efficient for small investors and public companies. While aspects of the effort are in varying stages of development, <a href=\"https://laohu8.com/S/AONE.U\">one</a> idea that has gained traction is to require brokerages to send most individual investors&#39; orders to be routed into auctions where trading firms compete to execute them, people familiar with the matter said.</p><p>SEC staffers have begun floating plans with market participants in recent weeks, and Mr. Gensler is planning to detail some of the potential changes in a speech Wednesday, these people added.</p><p>The most consequential change being discussed would affect the way trades are handled after an investor places a so-called market order with a broker to buy or sell a stock. Market orders, which account for the majority of individual investors&#39; trades, don&#39;t specify a minimum or maximum price the investor is willing to pay.</p><p>Mr. Gensler has said he wants to ensure that brokers execute orders at the best possible price for investors -- the highest price for when an investor is selling, or the lowest price if they are buying.</p><p>Current rules require brokers to perform &#34;reasonable diligence&#34; to determine the likely best market for executing a trade. Many brokers route orders to big electronic trading firms called wholesalers, including Citadel Securities or Virtu Financial Inc., rather than to exchanges such as the Nasdaq Stock Market, arguing that the wholesalers provide the best prices.</p><p>Some brokers, including Charles Schwab Corp. and <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets Inc., accept compensation from wholesalers for routing trades to their venues. Mr. Gensler has said this practice, known as payment for order flow, creates a conflict of interest and limits competition for individual orders.</p><p>Under the auctions being considered by the SEC, different firms would compete with each other to fill an individual investor&#39;s trade, according to people familiar with the agency&#39;s plans. Such a mechanism would fundamentally alter the business model of wholesalers, which can make more money by trading against small investors than they do on public exchanges, where they may find themselves trading with other sophisticated trading firms or institutional investors.</p><p>An SEC spokesman declined to comment.</p><p>A number of Wall Street firms pushed back forcefully last year when it became apparent that Mr. Gensler was targeting their business models. Wholesalers and brokers ramped up their lobbying and campaign spending in Washington and published their own plans for improving the stock market.</p><p>Virtu and Citadel Securities, in particular, have argued against the sort of changes the SEC is considering. They say the current system, including payment for order flow, has underpinned a broad reduction to trading costs that has made the stock market more accessible.</p><p>Douglas Cifu, chief executive of Virtu, said the order-by-order competition sought by Mr. Gensler could allow trading firms more discretion in choosing which trades they fill. This could end up being more profitable in the short term for wholesalers, he said, but wouldn&#39;t necessarily help investors.</p><p>&#34;The SEC should engage all market participants before proposing significant untested changes that would harm retail investors&#39; execution quality and reduce retail investors&#39; access to our capital markets,&#34; Mr. Cifu said.</p><p>A spokesman for Citadel Securities said that the firm looks forward to reviewing the SEC&#39;s proposals and working with the agency.</p><p>&#34;It is important to recognize that the current market structure has resulted in tighter spreads, greater transparency and meaningfully reduced costs for retail investors,&#34; the spokesman added.</p><p>The SEC commenced its review of market structure after the frenzied trading in GameStop Corp. and other meme stocks in early 2021 brought fresh scrutiny to the handling of individual investors&#39; trades.</p><p>After a year of internal deliberations, the agency has homed in on a narrowing set of proposals. If the SEC votes to release them for public comment later this year, they would have a path to implementation, as Democrats hold a majority of seats on the commission.</p><p>The agency is also considering creating a more-stringent version of the so-called best-execution rule that directs brokers to find the most favorable terms for their customers, two of the people said. The rule that brokers currently follow was written by the Financial Industry Regulatory Authority, an industry body overseen by the SEC.</p><p>The SEC is also weighing a proposal to allow stock exchanges to quote shares in increments of less than 1 cent. This could enable venues like Nasdaq or the New York Stock Exchange to better compete with wholesalers, which can beat the prices publicly displayed on exchanges by adding or subtracting hundredths of a penny to the price of a stock. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> people familiar with the matter said the agency is also considering an idea to harmonize the price increments, known as tick sizes, that are available on exchanges versus other venues.</p><p>In addition, SEC officials are aiming to reduce the maximum fee that exchanges can charge brokers to access their quotes, two of the people said. Like some of the other changes under consideration, such a move could encourage more orders to be sent to exchanges rather than to other venues.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2241096104","content_text":"WASHINGTON -- The Securities and Exchange Commission is preparing to propose major changes to the stock market's plumbing as soon as this fall.Chairman Gary Gensler directed SEC staff last year to explore ways to make the stock market more efficient for small investors and public companies. While aspects of the effort are in varying stages of development, one idea that has gained traction is to require brokerages to send most individual investors' orders to be routed into auctions where trading firms compete to execute them, people familiar with the matter said.SEC staffers have begun floating plans with market participants in recent weeks, and Mr. Gensler is planning to detail some of the potential changes in a speech Wednesday, these people added.The most consequential change being discussed would affect the way trades are handled after an investor places a so-called market order with a broker to buy or sell a stock. Market orders, which account for the majority of individual investors' trades, don't specify a minimum or maximum price the investor is willing to pay.Mr. Gensler has said he wants to ensure that brokers execute orders at the best possible price for investors -- the highest price for when an investor is selling, or the lowest price if they are buying.Current rules require brokers to perform \"reasonable diligence\" to determine the likely best market for executing a trade. Many brokers route orders to big electronic trading firms called wholesalers, including Citadel Securities or Virtu Financial Inc., rather than to exchanges such as the Nasdaq Stock Market, arguing that the wholesalers provide the best prices.Some brokers, including Charles Schwab Corp. and Robinhood Markets Inc., accept compensation from wholesalers for routing trades to their venues. Mr. Gensler has said this practice, known as payment for order flow, creates a conflict of interest and limits competition for individual orders.Under the auctions being considered by the SEC, different firms would compete with each other to fill an individual investor's trade, according to people familiar with the agency's plans. Such a mechanism would fundamentally alter the business model of wholesalers, which can make more money by trading against small investors than they do on public exchanges, where they may find themselves trading with other sophisticated trading firms or institutional investors.An SEC spokesman declined to comment.A number of Wall Street firms pushed back forcefully last year when it became apparent that Mr. Gensler was targeting their business models. Wholesalers and brokers ramped up their lobbying and campaign spending in Washington and published their own plans for improving the stock market.Virtu and Citadel Securities, in particular, have argued against the sort of changes the SEC is considering. They say the current system, including payment for order flow, has underpinned a broad reduction to trading costs that has made the stock market more accessible.Douglas Cifu, chief executive of Virtu, said the order-by-order competition sought by Mr. Gensler could allow trading firms more discretion in choosing which trades they fill. This could end up being more profitable in the short term for wholesalers, he said, but wouldn't necessarily help investors.\"The SEC should engage all market participants before proposing significant untested changes that would harm retail investors' execution quality and reduce retail investors' access to our capital markets,\" Mr. Cifu said.A spokesman for Citadel Securities said that the firm looks forward to reviewing the SEC's proposals and working with the agency.\"It is important to recognize that the current market structure has resulted in tighter spreads, greater transparency and meaningfully reduced costs for retail investors,\" the spokesman added.The SEC commenced its review of market structure after the frenzied trading in GameStop Corp. and other meme stocks in early 2021 brought fresh scrutiny to the handling of individual investors' trades.After a year of internal deliberations, the agency has homed in on a narrowing set of proposals. If the SEC votes to release them for public comment later this year, they would have a path to implementation, as Democrats hold a majority of seats on the commission.The agency is also considering creating a more-stringent version of the so-called best-execution rule that directs brokers to find the most favorable terms for their customers, two of the people said. The rule that brokers currently follow was written by the Financial Industry Regulatory Authority, an industry body overseen by the SEC.The SEC is also weighing a proposal to allow stock exchanges to quote shares in increments of less than 1 cent. This could enable venues like Nasdaq or the New York Stock Exchange to better compete with wholesalers, which can beat the prices publicly displayed on exchanges by adding or subtracting hundredths of a penny to the price of a stock. Two people familiar with the matter said the agency is also considering an idea to harmonize the price increments, known as tick sizes, that are available on exchanges versus other venues.In addition, SEC officials are aiming to reduce the maximum fee that exchanges can charge brokers to access their quotes, two of the people said. Like some of the other changes under consideration, such a move could encourage more orders to be sent to exchanges rather than to other venues.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050214697,"gmtCreate":1654210012119,"gmtModify":1676535410852,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050214697","repostId":"1149188009","repostType":4,"repost":{"id":"1149188009","pubTimestamp":1654176029,"share":"https://www.laohu8.com/m/news/1149188009?lang=&edition=full","pubTime":"2022-06-02 21:20","market":"us","language":"en","title":"6 Cheap Stocks To Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=1149188009","media":"investorplace","summary":"These six cheap stocks to buy are good bargains, given their valuations, earnings prospects, and div","content":"<html><head></head><body><ul><li>These six cheap stocks to buy are good bargains, given their valuations, earnings prospects, and dividend yields.</li><li><b>Ovintiv</b> (<b><u>OVV</u></b>): Denver-based oil and gas co. with 33.5% earnings growth forecast next year, trading at 4x earnings and a dividend with a 1.77% yield.</li><li><b>Goldman Sachs</b> (<b><u>GS</u></b>) – This investment bank has a low P/E of 8.15x, 6.8% growth in 2023, and a 2.43% yield.</li><li><b>Cenovus Energy</b> (<b><u>CVE</u></b>): This Canadian oil co. has 10% growth, trading at 7.2 times earnings with a 1.45 yield.</li><li><b>Avnet</b> (<b><u>AVT</u></b>): This electronics distributor has a 7.0 forward P/E, good earnings growth, and a 2.15% dividend yield.</li><li><b>Northrim BanCorp</b> (<b><u>NRIM</u></b>): This Alaskan bank has an 8.8x P/E, a 3.92% dividend yield, and a consistent dividend.</li><li><b>Qualcomm</b>(<b><u>QCOM</u></b>): A major U.S. telecom chip designer with a 2.15% yield and a forward P/E of just 10.6 times.</li></ul><p><img src=\"https://static.tigerbbs.com/c90440655ccc4c19ebcd963a63062faa\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Shutterstock</p><p>These six cheap stocks to buy are good bargains, with low valuations, good earnings growth, and dividend yields. In these times when investors are looking for bargains, these stocks are worth buying.</p><p>The valuations of these stocks range from 4 times to about 11 times earnings on a forward year basis. This is significantly below the market average and sets these stocks to take off. That could happen when the market sees how cheap they are.</p><p>Let’s dive in and look at these stocks.</p><table><tbody><tr><td><b><u>OVV</u></b></td><td>Ovintiv</td><td>$56.98</td></tr><tr><td><b><u>GS</u></b></td><td>The Goldman Sachs Group</td><td>$319.78</td></tr><tr><td><b><u>CVE</u></b></td><td>Cenovus Energy Inc</td><td>$23.49</td></tr><tr><td><b><u>AVT</u></b></td><td>Avnet</td><td>$47.87</td></tr><tr><td><b><u>NRIM</u></b></td><td>Northrim BanCorp</td><td>$40.84</td></tr><tr><td><b><u>QCOM</u></b></td><td>Qualcomm</td><td>$140.31</td></tr></tbody></table><h2>Cheap Stocks to Buy: Ovintiv (OVV)<img src=\"https://static.tigerbbs.com/37dfd8331d7ced6245220b74f1d0cda5\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p><b>Ovintiv</b>(NYSE:<b>OVV</b>) is a major oil and gas producer based in Denver, CO. Its earnings per share (EPS) is forecast to grow 33.5% from $10.57 per share to $14.11 in 2023.</p><p>At $57.24, Ovintiv has a forward P/E of just 4.34 times forward earnings for 2023. Moreover, the company pays an annual dividend of $1. That gives it a decent dividend yield of 1.77%. It has paid a dividend each yearfor the past 32 years and raised it each year for the past four years.</p><p>Ovintiv has been buying back its stock for the past two quarters. It bought $182 million in the past six months ending March 2022. On an annualized basis, that represents 2.5% of its $14.6 billion value.</p><p>With its low P/E, dividend yield and buyback yield, the stock is one of the best cheap stocks to buy.</p><h2>Goldman Sachs (GS)<img src=\"https://static.tigerbbs.com/6ebb243e43300a7bbb7a79959fe96b3f\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p><b>The Goldman Sachs Group</b>(NYSE:<b>GS</b>) is a cheap bank. For 2022, 23 analysts have an averageEPS forecast of $37.76, putting it on a forward P/E of 8.7. The P/E falls to 8.15 based on earnings forecast for 2023. That is very cheap for an investment bank with such a stellar reputation.</p><p>Goldman Sachs also pays an annual dividend of $8 per share, giving it a 2.45% dividend yield. The bank has paid dividends for the past 22 years, raising them in each of the past 5 years.</p><p>Goldman Sachs is very shareholder-friendly. Last quarter alone it bought back $2 billion of its shares. This makes it one of the best cheap stocks to buy.</p><h2>Cenovus Energy (CVE)<img src=\"https://static.tigerbbs.com/1f62bfaef11e1f1d995067d3ef3374ac\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p><b>Cenovus Energy Inc</b> (NYSE:<b><u>CVE</u></b>) is a Calgary, Canada-based oil and gas company that will show 10% growth next year based on analysts’ expectations. They forecast EPS to grow from $2.86 to $3.15 per share in 2023.</p><p>At $23.55, CVE stock is trading at a forward P/E of just 7.69 times based on its 2023 earnings projections. That is cheap for a company with this solid 10% earnings growth prospects.</p><p>Moreover, Cenovus pays a variable dividend each quarter. Recently it declared a 10.5 cents Canadian dividend for Q2. Annually that works out to U.S. 32.88 cents, representing a dividend yield of 1.45%. But each quarter, the dividend yield will change with the quarterly declaration. This makes it one of the best cheap stocks to buy.</p><h2>Avnet (AVT)<img src=\"https://static.tigerbbs.com/fc1d878e0a2b71c7c2d330c7506afa27\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p><b>Avnet</b> (NASDAQ:<b><u>AVT</u></b>) pays a $1.04 dividend which gives it a 2.15% dividend yield. It’s paid a dividend for the past eight years. Moreover, at $48.82 per share the stock is trading on a forward P/E of just 7.13</p><p>Earnings are forecast to hit$6.85this year and $6.82 next year. This is mainly due to the higher price of chips and other technology-related items, as well as higher logistics-related revenue.</p><p>Avnet has low debt with a total debt-to-equity ratio of just 38%, making its financial situation secure. In addition, Avnet made $232 million in free cash flow (FCF) last quarter. This makes it one of the best cheap stocks to buy</p><h2>Northrim BanCorp (NRIM)<img src=\"https://static.tigerbbs.com/6001637297a134b8ba3794874ca5b2cb\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p><b>Northrim BanCorp</b> (NASDAQ:<b><u>NRIM</u></b>) is an Anchorage, Alaska community bank and home mortgage lending company. It is one of the best cheap stocks as it has an 8.6x P/E for this year and 6.5x for next year. This company has good growth prospects, and a 3.95% dividend yield.</p><p>The bank has hiked its dividend every year over the past 12 years. It has paid a dividend in each of the last 26 years.</p><p>Moreover, it has a tangible book value (TBV) of $194.4 million. Its stock market value of $245 million is only 26% over the TBV.</p><p>Moreover, analysts forecast that earnings will rise from $5.04 this year to $6.41 next year, a 27% growth rate. The cheap valuation, dividend yield, and growth make NRIM stock one of the best value stocks.</p><h2>Cheap Stocks To Buy: Qualcomm (QCOM)<img src=\"https://static.tigerbbs.com/87e9b26653a511e26e3264b68202c1ac\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p><b>Qualcomm</b> (NASDAQ:<b><u>QCOM</u></b>) is a mobile technology firm with a huge patent portfolio and high earnings power. Analysts forecast $12.54 in earnings per share (EPS) this year, up 47.4% over last year.</p><p>For next year, analysts estimate 5% higher earnings at $13.06. At today’s price, this gives QCOM a forward P/E ratio of just 10.75 times.</p><p>Moreover, this $3 dividend provides a good 2.09% dividend yield.</p><p>Qualcomm has paid a dividend in each of the past 18 years. This means it will likely keep doing this even if there is a recession.</p></body></html>","source":"lsy1606302653667","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>6 Cheap Stocks To Buy Before They Take Off</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\">\n6 Cheap Stocks To Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-02 21:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/these-6-stocks-to-buy-are-cheap-from-a-valuation-and-yield-standpoint/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These six cheap stocks to buy are good bargains, given their valuations, earnings prospects, and dividend yields.Ovintiv (OVV): Denver-based oil and gas co. with 33.5% earnings growth forecast next ...</p>\n\n<a href=\"https://investorplace.com/2022/06/these-6-stocks-to-buy-are-cheap-from-a-valuation-and-yield-standpoint/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛","AVT":"安富利电子","NRIM":"Northrim BanCorp Inc","QCOM":"高通","CVE":"Cenovus能源","OVV":"Ovintiv Inc."},"source_url":"https://investorplace.com/2022/06/these-6-stocks-to-buy-are-cheap-from-a-valuation-and-yield-standpoint/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149188009","content_text":"These six cheap stocks to buy are good bargains, given their valuations, earnings prospects, and dividend yields.Ovintiv (OVV): Denver-based oil and gas co. with 33.5% earnings growth forecast next year, trading at 4x earnings and a dividend with a 1.77% yield.Goldman Sachs (GS) – This investment bank has a low P/E of 8.15x, 6.8% growth in 2023, and a 2.43% yield.Cenovus Energy (CVE): This Canadian oil co. has 10% growth, trading at 7.2 times earnings with a 1.45 yield.Avnet (AVT): This electronics distributor has a 7.0 forward P/E, good earnings growth, and a 2.15% dividend yield.Northrim BanCorp (NRIM): This Alaskan bank has an 8.8x P/E, a 3.92% dividend yield, and a consistent dividend.Qualcomm(QCOM): A major U.S. telecom chip designer with a 2.15% yield and a forward P/E of just 10.6 times.Source: ShutterstockThese six cheap stocks to buy are good bargains, with low valuations, good earnings growth, and dividend yields. In these times when investors are looking for bargains, these stocks are worth buying.The valuations of these stocks range from 4 times to about 11 times earnings on a forward year basis. This is significantly below the market average and sets these stocks to take off. That could happen when the market sees how cheap they are.Let’s dive in and look at these stocks.OVVOvintiv$56.98GSThe Goldman Sachs Group$319.78CVECenovus Energy Inc$23.49AVTAvnet$47.87NRIMNorthrim BanCorp$40.84QCOMQualcomm$140.31Cheap Stocks to Buy: Ovintiv (OVV)Ovintiv(NYSE:OVV) is a major oil and gas producer based in Denver, CO. Its earnings per share (EPS) is forecast to grow 33.5% from $10.57 per share to $14.11 in 2023.At $57.24, Ovintiv has a forward P/E of just 4.34 times forward earnings for 2023. Moreover, the company pays an annual dividend of $1. That gives it a decent dividend yield of 1.77%. It has paid a dividend each yearfor the past 32 years and raised it each year for the past four years.Ovintiv has been buying back its stock for the past two quarters. It bought $182 million in the past six months ending March 2022. On an annualized basis, that represents 2.5% of its $14.6 billion value.With its low P/E, dividend yield and buyback yield, the stock is one of the best cheap stocks to buy.Goldman Sachs (GS)The Goldman Sachs Group(NYSE:GS) is a cheap bank. For 2022, 23 analysts have an averageEPS forecast of $37.76, putting it on a forward P/E of 8.7. The P/E falls to 8.15 based on earnings forecast for 2023. That is very cheap for an investment bank with such a stellar reputation.Goldman Sachs also pays an annual dividend of $8 per share, giving it a 2.45% dividend yield. The bank has paid dividends for the past 22 years, raising them in each of the past 5 years.Goldman Sachs is very shareholder-friendly. Last quarter alone it bought back $2 billion of its shares. This makes it one of the best cheap stocks to buy.Cenovus Energy (CVE)Cenovus Energy Inc (NYSE:CVE) is a Calgary, Canada-based oil and gas company that will show 10% growth next year based on analysts’ expectations. They forecast EPS to grow from $2.86 to $3.15 per share in 2023.At $23.55, CVE stock is trading at a forward P/E of just 7.69 times based on its 2023 earnings projections. That is cheap for a company with this solid 10% earnings growth prospects.Moreover, Cenovus pays a variable dividend each quarter. Recently it declared a 10.5 cents Canadian dividend for Q2. Annually that works out to U.S. 32.88 cents, representing a dividend yield of 1.45%. But each quarter, the dividend yield will change with the quarterly declaration. This makes it one of the best cheap stocks to buy.Avnet (AVT)Avnet (NASDAQ:AVT) pays a $1.04 dividend which gives it a 2.15% dividend yield. It’s paid a dividend for the past eight years. Moreover, at $48.82 per share the stock is trading on a forward P/E of just 7.13Earnings are forecast to hit$6.85this year and $6.82 next year. This is mainly due to the higher price of chips and other technology-related items, as well as higher logistics-related revenue.Avnet has low debt with a total debt-to-equity ratio of just 38%, making its financial situation secure. In addition, Avnet made $232 million in free cash flow (FCF) last quarter. This makes it one of the best cheap stocks to buyNorthrim BanCorp (NRIM)Northrim BanCorp (NASDAQ:NRIM) is an Anchorage, Alaska community bank and home mortgage lending company. It is one of the best cheap stocks as it has an 8.6x P/E for this year and 6.5x for next year. This company has good growth prospects, and a 3.95% dividend yield.The bank has hiked its dividend every year over the past 12 years. It has paid a dividend in each of the last 26 years.Moreover, it has a tangible book value (TBV) of $194.4 million. Its stock market value of $245 million is only 26% over the TBV.Moreover, analysts forecast that earnings will rise from $5.04 this year to $6.41 next year, a 27% growth rate. The cheap valuation, dividend yield, and growth make NRIM stock one of the best value stocks.Cheap Stocks To Buy: Qualcomm (QCOM)Qualcomm (NASDAQ:QCOM) is a mobile technology firm with a huge patent portfolio and high earnings power. Analysts forecast $12.54 in earnings per share (EPS) this year, up 47.4% over last year.For next year, analysts estimate 5% higher earnings at $13.06. At today’s price, this gives QCOM a forward P/E ratio of just 10.75 times.Moreover, this $3 dividend provides a good 2.09% dividend yield.Qualcomm has paid a dividend in each of the past 18 years. This means it will likely keep doing this even if there is a recession.","news_type":1},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050046789,"gmtCreate":1654123108641,"gmtModify":1676535395672,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050046789","repostId":"1163757193","repostType":4,"repost":{"id":"1163757193","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1654091537,"share":"https://www.laohu8.com/m/news/1163757193?lang=&edition=full","pubTime":"2022-06-01 21:52","market":"us","language":"en","title":"EV Stocks Climbed in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1163757193","media":"Tiger Newspress","summary":"EV stocks climbed in morning trading. Tesla, Lucid, Rivian, Nio, Xpeng Motors, Li Auto, Faraday Futu","content":"<html><head></head><body><p>EV stocks climbed in morning trading. Tesla, Lucid, Rivian, Nio, Xpeng Motors, Li Auto, Faraday Future and Arrival rose between 1% and 6%.<img src=\"https://static.tigerbbs.com/3aaad69b2d482d3782cc016d6bc026d7\" tg-width=\"287\" tg-height=\"447\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stocks Climbed in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stocks Climbed in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-01 21:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV stocks climbed in morning trading. Tesla, Lucid, Rivian, Nio, Xpeng Motors, Li Auto, Faraday Future and Arrival rose between 1% and 6%.<img src=\"https://static.tigerbbs.com/3aaad69b2d482d3782cc016d6bc026d7\" tg-width=\"287\" tg-height=\"447\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163757193","content_text":"EV stocks climbed in morning trading. Tesla, Lucid, Rivian, Nio, Xpeng Motors, Li Auto, Faraday Future and Arrival rose between 1% and 6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027282592,"gmtCreate":1654042804516,"gmtModify":1676535383135,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027282592","repostId":"2240375487","repostType":4,"repost":{"id":"2240375487","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1654038585,"share":"https://www.laohu8.com/m/news/2240375487?lang=&edition=full","pubTime":"2022-06-01 07:09","market":"us","language":"en","title":"US STOCKS-Wall Street Pulls Back After Last Week's Rally With Inflation in Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2240375487","media":"Reuters","summary":"Wall Street's three major indexes closed lower on Tuesday, following a rally last week, as volatile ","content":"<html><head></head><body><p>Wall Street&#39;s three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.</p><p>After outperforming earlier in the session, the S&amp;P&#39;s energy sector lost ground after a report that some producers were exploring the idea of suspending Russia&#39;s participation in the OPEC+ production deal.</p><p>Federal Reserve policy was also top of mind for investors as U.S. President Joe Biden and Fed Chair Jerome Powell met on Tuesday to discuss inflation, which Biden said ahead of the meeting was his &#34;top priority.&#34;</p><p>This was after Fed Governor Christopher Waller said on Monday the U.S. central bank should be prepared to raise rates by a half percentage point at every meeting from now on until inflation is decisively curbed.</p><p>&#34;The market&#39;s trying to figure out the endgame for the Fed,&#34; said Jack Janasiewicz, portfolio manager at <a href=\"https://laohu8.com/S/NTXFY\">Natixis</a> Investment Management solutions.</p><p>And while lower commodity prices would be good news for equities in the longer term, the impact of the report about OPEC and Russia on the energy sector may have spooked the broader market a little on Tuesday.</p><p>&#34;That&#39;s the sort of thing that has the market on edge,&#34; said Janasiewicz. &#34;When we started out, the sector leading us higher was energy.&#34;</p><p>By the session&#39;s close, the biggest decliner among the S&amp;P&#39;s 11 major industry sectors was energy, down 1.6%.</p><p>The only sector gainers were consumer discretionary, up 0.8%, with Amazon.com    the S&amp;P&#39;s biggest boost from a single stock on the day, and communications services, up 0.4%, as Google was the S&amp;P&#39;s next biggest contributor.</p><p>The Dow Jones Industrial Average fell 222.84 points, or 0.67%, to 32,990.12, the S&amp;P 500 lost 26.09 points, or 0.63%, to 4,132.15 and the Nasdaq Composite dropped 49.74 points, or 0.41%, to 12,081.39.</p><p>All three indexes had rallied last week to snap a decades-long losing streak.</p><p>With Tuesday&#39;s decline, the S&amp;P and the Dow were essentially unchanged for May. The Nasdaq showed a monthly decline of 2%.</p><p>&#34;There&#39;re too many concerns at the moment for markets to do a sharp V-bottom,&#34; said Carol Schleif, deputy chief investment officer at BMO Family Office, who sees equities trading sideways for some time due to uncertainties including the Russia-Ukraine war, the global economy and inflation, as well as Fed policy.</p><p>&#34;A piece of it is energy prices because at the margin those really impact people&#39;s propensity to spend. People are really noticing the higher prices at the grocery store,&#34; she said.</p><p>Earlier in the day, data showed U.S. consumer confidence eased modestly in May amid persistently high inflation and rising rates, while a separate reading showed U.S. home price growth unexpectedly heated up to record levels in March.</p><p>Other key data due this week is the monthly non-farm payrolls numbers for cues on the labor market.</p><p>U.S.-listed shares of <a href=\"https://laohu8.com/S/AUY\">Yamana Gold Inc</a> climbed 3.7%after South African miner Gold Fields Ltd agreed to buy the Canadian miner in a $6.7 billion all-share deal.</p><p>Dexcom Inc closed up 3% after the glucose monitoring systems maker denied a report on merger talks with insulin pump maker Insulet Corp.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted four new 52-week highs and 29 new lows; the Nasdaq Composite recorded 53 new highs and 58 new lows.</p><p>On U.S. exchanges 15.52 billion shares changed hands on Tuesday, compared with the 20-day moving average of 13.25 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Pulls Back After Last Week's Rally With Inflation in Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Pulls Back After Last Week's Rally With Inflation in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-01 07:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street&#39;s three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.</p><p>After outperforming earlier in the session, the S&amp;P&#39;s energy sector lost ground after a report that some producers were exploring the idea of suspending Russia&#39;s participation in the OPEC+ production deal.</p><p>Federal Reserve policy was also top of mind for investors as U.S. President Joe Biden and Fed Chair Jerome Powell met on Tuesday to discuss inflation, which Biden said ahead of the meeting was his &#34;top priority.&#34;</p><p>This was after Fed Governor Christopher Waller said on Monday the U.S. central bank should be prepared to raise rates by a half percentage point at every meeting from now on until inflation is decisively curbed.</p><p>&#34;The market&#39;s trying to figure out the endgame for the Fed,&#34; said Jack Janasiewicz, portfolio manager at <a href=\"https://laohu8.com/S/NTXFY\">Natixis</a> Investment Management solutions.</p><p>And while lower commodity prices would be good news for equities in the longer term, the impact of the report about OPEC and Russia on the energy sector may have spooked the broader market a little on Tuesday.</p><p>&#34;That&#39;s the sort of thing that has the market on edge,&#34; said Janasiewicz. &#34;When we started out, the sector leading us higher was energy.&#34;</p><p>By the session&#39;s close, the biggest decliner among the S&amp;P&#39;s 11 major industry sectors was energy, down 1.6%.</p><p>The only sector gainers were consumer discretionary, up 0.8%, with Amazon.com    the S&amp;P&#39;s biggest boost from a single stock on the day, and communications services, up 0.4%, as Google was the S&amp;P&#39;s next biggest contributor.</p><p>The Dow Jones Industrial Average fell 222.84 points, or 0.67%, to 32,990.12, the S&amp;P 500 lost 26.09 points, or 0.63%, to 4,132.15 and the Nasdaq Composite dropped 49.74 points, or 0.41%, to 12,081.39.</p><p>All three indexes had rallied last week to snap a decades-long losing streak.</p><p>With Tuesday&#39;s decline, the S&amp;P and the Dow were essentially unchanged for May. The Nasdaq showed a monthly decline of 2%.</p><p>&#34;There&#39;re too many concerns at the moment for markets to do a sharp V-bottom,&#34; said Carol Schleif, deputy chief investment officer at BMO Family Office, who sees equities trading sideways for some time due to uncertainties including the Russia-Ukraine war, the global economy and inflation, as well as Fed policy.</p><p>&#34;A piece of it is energy prices because at the margin those really impact people&#39;s propensity to spend. People are really noticing the higher prices at the grocery store,&#34; she said.</p><p>Earlier in the day, data showed U.S. consumer confidence eased modestly in May amid persistently high inflation and rising rates, while a separate reading showed U.S. home price growth unexpectedly heated up to record levels in March.</p><p>Other key data due this week is the monthly non-farm payrolls numbers for cues on the labor market.</p><p>U.S.-listed shares of <a href=\"https://laohu8.com/S/AUY\">Yamana Gold Inc</a> climbed 3.7%after South African miner Gold Fields Ltd agreed to buy the Canadian miner in a $6.7 billion all-share deal.</p><p>Dexcom Inc closed up 3% after the glucose monitoring systems maker denied a report on merger talks with insulin pump maker Insulet Corp.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted four new 52-week highs and 29 new lows; the Nasdaq Composite recorded 53 new highs and 58 new lows.</p><p>On U.S. exchanges 15.52 billion shares changed hands on Tuesday, compared with the 20-day moving average of 13.25 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240375487","content_text":"Wall Street's three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.After outperforming earlier in the session, the S&P's energy sector lost ground after a report that some producers were exploring the idea of suspending Russia's participation in the OPEC+ production deal.Federal Reserve policy was also top of mind for investors as U.S. President Joe Biden and Fed Chair Jerome Powell met on Tuesday to discuss inflation, which Biden said ahead of the meeting was his \"top priority.\"This was after Fed Governor Christopher Waller said on Monday the U.S. central bank should be prepared to raise rates by a half percentage point at every meeting from now on until inflation is decisively curbed.\"The market's trying to figure out the endgame for the Fed,\" said Jack Janasiewicz, portfolio manager at Natixis Investment Management solutions.And while lower commodity prices would be good news for equities in the longer term, the impact of the report about OPEC and Russia on the energy sector may have spooked the broader market a little on Tuesday.\"That's the sort of thing that has the market on edge,\" said Janasiewicz. \"When we started out, the sector leading us higher was energy.\"By the session's close, the biggest decliner among the S&P's 11 major industry sectors was energy, down 1.6%.The only sector gainers were consumer discretionary, up 0.8%, with Amazon.com    the S&P's biggest boost from a single stock on the day, and communications services, up 0.4%, as Google was the S&P's next biggest contributor.The Dow Jones Industrial Average fell 222.84 points, or 0.67%, to 32,990.12, the S&P 500 lost 26.09 points, or 0.63%, to 4,132.15 and the Nasdaq Composite dropped 49.74 points, or 0.41%, to 12,081.39.All three indexes had rallied last week to snap a decades-long losing streak.With Tuesday's decline, the S&P and the Dow were essentially unchanged for May. The Nasdaq showed a monthly decline of 2%.\"There're too many concerns at the moment for markets to do a sharp V-bottom,\" said Carol Schleif, deputy chief investment officer at BMO Family Office, who sees equities trading sideways for some time due to uncertainties including the Russia-Ukraine war, the global economy and inflation, as well as Fed policy.\"A piece of it is energy prices because at the margin those really impact people's propensity to spend. People are really noticing the higher prices at the grocery store,\" she said.Earlier in the day, data showed U.S. consumer confidence eased modestly in May amid persistently high inflation and rising rates, while a separate reading showed U.S. home price growth unexpectedly heated up to record levels in March.Other key data due this week is the monthly non-farm payrolls numbers for cues on the labor market.U.S.-listed shares of Yamana Gold Inc climbed 3.7%after South African miner Gold Fields Ltd agreed to buy the Canadian miner in a $6.7 billion all-share deal.Dexcom Inc closed up 3% after the glucose monitoring systems maker denied a report on merger talks with insulin pump maker Insulet Corp.Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.The S&P 500 posted four new 52-week highs and 29 new lows; the Nasdaq Composite recorded 53 new highs and 58 new lows.On U.S. exchanges 15.52 billion shares changed hands on Tuesday, compared with the 20-day moving average of 13.25 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027907428,"gmtCreate":1653956871764,"gmtModify":1676535368478,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027907428","repostId":"1155867229","repostType":4,"repost":{"id":"1155867229","pubTimestamp":1653956193,"share":"https://www.laohu8.com/m/news/1155867229?lang=&edition=full","pubTime":"2022-05-31 08:16","market":"us","language":"en","title":"TD Bank: Are Analysts Mispricing the Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1155867229","media":"TipRanks","summary":"Story HighlightsTD had a solid quarter, as it beat analysts’ expectations. However, it appears that ","content":"<div>\n<p>Story HighlightsTD had a solid quarter, as it beat analysts’ expectations. However, it appears that both analysts and the market may be mispricing the stock when using an excess returns model to value...</p>\n\n<a href=\"https://www.tipranks.com/news/article/td-bank-are-analysts-mispricing-the-stock/\">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>TD Bank: Are Analysts Mispricing the Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nTD Bank: Are Analysts Mispricing the Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-31 08:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/td-bank-are-analysts-mispricing-the-stock/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsTD had a solid quarter, as it beat analysts’ expectations. However, it appears that both analysts and the market may be mispricing the stock when using an excess returns model to value...</p>\n\n<a href=\"https://www.tipranks.com/news/article/td-bank-are-analysts-mispricing-the-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TD":"道明银行"},"source_url":"https://www.tipranks.com/news/article/td-bank-are-analysts-mispricing-the-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155867229","content_text":"Story HighlightsTD had a solid quarter, as it beat analysts’ expectations. However, it appears that both analysts and the market may be mispricing the stock when using an excess returns model to value it.The Toronto-Dominion Bank (TSE: TD) (TD) is a leading provider of financial products and services in Canada. It is the sixth-largest bank in North America by branches and serves over 26 million customers. It operates through its Canadian Retail, U.S. Retail, and Wholesale Banking segments.TD recently reported earnings, which beat expectations. Adjusted earnings per share came in at C$2.02, above analysts’ expectations of C$1.93. Revenue was C$11.26 billion, which also beat the consensus of C$10.18 billion.TD’s share price is down roughly 1% year-to-date but up approximately 10% in the past year. Nevertheless, the stock may be attractively priced at the moment due to its recent pullback.Is TD Bank Undervalued?To value TD, I will use the excess returns model. This approach is more appropriate for financial companies because they tend to have volatile free cash flows. As a result, trying to create forecasts for them is futile. The excess returns model allows us to use historical numbers instead, which are actual results. There are a few steps to follow for this valuation method.First, you calculate a company’s excess returns. Next, you calculate the terminal value. Add them up, and you get your valuation. Here’s how it works:Excess Returns = (Average ROE – Cost of Equity) x Book Value Per ShareTerminal Value = Excess Return / (Cost of Equity – Growth Rate)Fair Value = Book Value Per Share + Terminal ValueWe will use the following assumptions for our calculations:Average ROE: 14.7% (five-year average)Cost of Equity: 7.8% (value taken from Finbox)Book Value: $52.17Growth Rate: 2.79% (used 30-year Government of Canada yield as a proxy for long-term growth expectations)Now that we have our assumptions, let’s plug them into the formulas:$3.6 = (0.147 – 0.078) x $52.17$71.86 = $3.6 / (0.078 – 0.0279)$124.03 = $52.17 + $71.86As a result, TD is currently worth C$124.03 per share under current market conditions.TD Bank’s DividendsFor income-oriented investors,TD pays a 3.71% dividend yield on an annualized basis. When taking a look at TD’s historical dividend yield, you can see that it has remained relatively flat:However, at 3.71%, the current yield is on the low end of the range, indicating that income-oriented investors are paying a slight premium relative to yields they have been able to receive in the past.Analyst Recommendations for TD BankThe Toronto-Dominion Bank has a Hold consensus rating based on three Buys, 10 Holds, and one Sell assigned in the past three months. The average Toronto-Dominion Bank price target of C$102.82 implies 7.1% upside potential.Final ThoughtsTD had a solid quarter, as it beat analysts’ expectations. Although analysts have a Hold rating with minimal upside potential, the excess returns model suggests that the market may actually be mispricing the stock by a larger amount.","news_type":1},"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025094631,"gmtCreate":1653604789823,"gmtModify":1676535310280,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"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/9025094631","repostId":"2238722145","repostType":4,"repost":{"id":"2238722145","pubTimestamp":1653577861,"share":"https://www.laohu8.com/m/news/2238722145?lang=&edition=full","pubTime":"2022-05-26 23:11","market":"us","language":"en","title":"Meta: Mr. Market Is Drunk","url":"https://stock-news.laohu8.com/highlight/detail?id=2238722145","media":"seekingalpha","summary":"SummaryUnder reasonable assumptions, Meta's fair value is $313.40, so it is definitely a strong buy.","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Under reasonable assumptions, Meta&#39;s fair value is $313.40, so it is definitely a strong buy.</li><li>Although future growth will not match the pace of the past 3 years, I believe that it will still be high enough to not justify a P/E of only 14x.</li><li>I consider the recent collapse unjustified; Meta is sacrificing its profits in the short run to gain significant benefits in the long run.</li><li>Nearly two billion people use Meta apps on a daily basis, and it is likely that this growing trend may continue driven by the development of geographical areas such as Asia-Pacific and Rest of World.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e97b07da93f615afe6e832bd63d639d\" tg-width=\"750\" tg-height=\"500\" width=\"100%\" height=\"auto\"/><span>Fritz Jorgensen/iStock Editorial via Getty Images</span></p><p><b>Investment thesis</b></p><p>Meta (NASDAQ:FB) is currently surrounded by strong negative sentiment that has led it to lose more than 50% of its value. I view this slump as a rare opportunity to buy at a discount one of the best companies in the world, with annual free cash flow of nearly $40 billion and negative net debt. The current price is justified only if we assume that Meta will grow at a 0% rate over the next 10 years, which is rather unlikely. Under reasonable assumptions, Meta&#39;s fair value is $313.40, so it is definitely a strong buy.</p><p><b>Future growth prospects and business model</b></p><p>Meta currently has a P/E of 14x; therefore, future growth prospects are not expected to be all that exciting. The reason for its collapse of more than 50 % is mainly due to investors&#39; concern that this company will not grow as fast as it has in the past, and indeed, may even see a permanent reduction in profitability margins because of investments in the Metaverse. Within this article I want to express my opinion regarding the negative sentiment that is plaguing this company, and why I believe the market is making a big mistake in pricing it $177 per share. In this paragraph, Meta&#39;s two main segments will be analyzed individually: family of apps and reality labs.</p><p><b>Family of Apps</b></p><p>This is Meta&#39;s main segment and includes Facebook, Instagram, Messenger, WhatsApp, and other services. I personally consider this segment one of the best in the world as it is virtually impossible for an outside company to succeed in this market. The main barrier to entry is due to the purpose of social media: to connect as many people as possible. It would not make sense to abandon Facebook, Instagram or WhatsApp for another social since almost every person in the world is signed up. Signing up for an emerging social would mean accepting that you cannot connect with all your contacts. Moreover, what would the potential new social have that Facebook or Instagram do not? Even assuming the potential new social had innovative new features, in a short time those features would be incorporated into all Meta socials. An example of this was the inclusion of Instagram stories after the success initially experienced by Snapchat.</p><p><b>Comparison with TikTok and focus on user growth</b></p><p>To date, the only real competitor is TikTok. Its growth is undeniable and to date it has MAUs of 1 billion. But how much has TikTok affected Meta&#39;s user growth?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3021b408396f543979779d4636fe1d0d\" tg-width=\"640\" tg-height=\"291\" width=\"100%\" height=\"auto\"/><span>Monthly active people (Meta Q1 2022)</span></p><p>Looking at the data published in Q1 2022, it does not appear that the growth of the Family of Apps segment has stopped, on the contrary. Active users are growing steadily every quarter and to date have reached the incredible figure of 3.64 billion. There are about eight billion people in the world, so almost one out of two people is part of this segment; therefore, it is logical to expect slow growth. For DAUs the result is similar.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b1c473a486d564cc533c86aa5eb45fed\" tg-width=\"640\" tg-height=\"318\" width=\"100%\" height=\"auto\"/><span>Daily active users (Meta Q1 2022)</span></p><p>Again, the growth is slow but steady. To date, nearly two billion people use Meta apps on a daily basis, and it is likely that this growing trend may continue driven by the development of geographical areas such as Asia-Pacific and Rest of World. Thus, the rise of TikTok has not led to a reduction in people&#39;s interest in Meta apps. But how is this possible? The answer lies in the three charts below published by Datareportal.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16009189f9ca0dd94cdb59a20b90e503\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"/><span>Internet users from 2012 to date (Datareportal)</span></p><p>In this first graph we can see that internet users are still growing year after year. As of today, there are about 4.95 billion internet users, but there is still room for improvement considering the approximately eight billion people in the world. If internet-connected users increase, it is likely that both Meta and TikTok sign-ups will also increase.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f1823de7bb73fc4ade0c37e68bb1094\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"/><span>Social media users from 2012 to date (Datareportal)</span></p><p>In this second graph we can see how users subscribed to social media are increasing steadily and also rather quickly. The growth over the past two years is in double digits, which explains how it is possible that TikTok sign-ups have not negatively affected Meta&#39;s apps: there are simply more and more people willing to sign up for more social media. Moreover, the average daily consumption spent on social media is also continuously increasing, and to date has reached 2 hours and 27 minutes. As a final topic related to the comparison with TikTok, I want to present one last image related to the preferences of the average user.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8961411c79b2d3c94e1a85f88ad7ef7b\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"/><span>Favorite social media platforms (Datareportal)</span></p><p>As can be seen, the top three is firmly formed by Zuckerberg&#39;s apps. Finally, I would like to emphasize that the purpose of the comparison with TikTok is not to discredit this platform in favor of Meta, but to demonstrate that TikTok along with Meta&#39;s apps can coexist together without necessarily harming each other. The growth of Meta is not harmed by the growth of TikTok, and vice versa. Obviously since Meta has more users, it is difficult for the latter to grow as fast as TikTok, but this does not mean that the Family of Apps segment is now finished.</p><p><b>Family of Apps revenues</b></p><p>We have just seen how active users are continuously growing, but what can be said about Meta from a revenue standpoint?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce025bf59ffa8f3176efe8b7a0917414\" tg-width=\"640\" tg-height=\"327\" width=\"100%\" height=\"auto\"/><span>Revenue and net income (TIKR Terminal)</span></p><p>From 2015 to 2021, revenues grew at a CAGR of 36.8% while net income at a CAGR of 34.9%. From 2018 to 2021, the revenue CAGR decreased to 28.3% while earnings achieved a CAGR of 21.2%. Although future growth will not match the pace of the past 3 years, I believe that it will still be high enough to not justify a P/E of only 14x. If revenue growth were to decline to an annual 15%, the company would still have a PEG ratio of less than 1.</p><p>To conclude the analysis of the Family of apps sector, I would like to analyze one last aspect: how much the company earns per active user.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d076783d8443f63061bd4536f658a693\" tg-width=\"640\" tg-height=\"314\" width=\"100%\" height=\"auto\"/><span>ARPU (Meta Q1 2022)</span></p><p>Again, the results for Q1 2022 are very positive: except for Europe, every geographic area was more successful than in Q1 2021. In particular, the Asia-Pacific area and the rest of the world area drove up the average calculated on a worldwide basis, reaching $9.54 per user. The comparison, of course, should be made to the previous year&#39;s Q1 and not to the previous quarter: Q1 has always been the least profitable historically compared to the others, especially Q4.</p><p><b>Reality Labs</b></p><p>This segment is definitely the more discussed of the two and has been one of the causes of Meta&#39;s collapse in recent months. The purpose of this segment can be summarized through this sentence taken from Meta&#39;s website, &#34;Reality Labs brings together a world-class team of researchers, developers, and engineers to build the future of connection within virtual and augmented reality.&#34; The premise sounds good but why then does this segment not appeal to investors? The main reason is because to date Reality Labs is an unprofitable and very expensive business.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec2731e35a0bc7d75eccc91f9b4cf91f\" tg-width=\"640\" tg-height=\"128\" width=\"100%\" height=\"auto\"/><span>Reality Labs (Meta annual report 2021)</span></p><p>In two years slightly more than $20 billion has been spent to achieve revenues of about $3.4 billion. To date, it does not appear that this segment has been a bargain, which is why investors are concerned about future losses that could be even greater. The concern of these investors is legitimate, but I personally do not agree with it for two reasons: the potential of this sector and Meta&#39;s financial strength.</p><p><b>The potential of this sector</b></p><p>I begin this paragraph by making a premise: to date the virtual reality market is still in its early stages, and it is impossible to draw an accurate estimate of its future potential. Analysts could be very wrong, both negatively and positively. It could potentially be a market that will change our lives as early as the next 4-5 years, but the reverse could also be true. What is certainly true is that Meta will invest billions of dollars in this market, and its goal is to change our lives just as it has already done through social media. The CAGR of this market is expected to be 44.8% between 2021 and 2028 reaching a value of $84.09 billion. This growth considers every type of service/product associated with virtual reality, not just the VR Headsets market in which Meta is investing. Regarding the latter market in detail, Meta currently has a dominant market share of 80% thanks to Oculus. Finally, I would like to express my opinion on the whole issue. No profitable business was built overnight, or even from one year to the next. The virtual reality market is still a great unknown, but we can already see the first signs of a fast-growing trend. Here are just a few:</p><ul><li>Oculus was among the top five entertainment apps in five countries on Christmas Eve, and it was the top app in the US on Christmas Day</li><li>Meta&#39;s reality labs revenues increased by 100% from 2020 to 2021</li><li>Jobs related to virtual reality are increasingly in demand.</li></ul><p>The biggest problem with financial markets is that they are not patient; results need to be immediate to see companies&#39; stock prices rise. Uncertainty is not allowed, and currently Meta is investing in a field whose prospects are still uncertain after all. Personally, I believe in the potential of virtual reality, so I consider the recent collapse unjustified; Meta is sacrificing its profits in the short run to gain significant benefits in the long run.</p><p><b>Meta&#39;s financial strength</b></p><p>Assuming that the investment in virtual reality does not bring the hoped-for benefits, would it really be a problem for Meta? Personally, I think it is not as bad as people think. Meta&#39;s 2021 free cash flow was $39.1 billion, with a current net debt of -$29.2 billion. All the investments already made in the metaverse would amount to about half of what this company can produce in a year. With such a strong Family of App segment, it is virtually impossible for Meta to run out of cash. By this I do not mean that any failure of the reality labs would not have negative consequences, but that it could be absorbed by the company because of its huge free cash flow.</p><p><b>How much is Meta worth?</b></p><p>Meta will be valued using three valuation methods: a discounted cash, multiples method, and technical analysis. Among the three models the DCF is the one I consider the most relevant, the other two serve as a confirmation to what has been stated.</p><p><b>Discounted cash flow</b></p><p>Through this model I will calculate the present value of future cash flows, with the aim of extrapolating a fair value. The models that I am going to create will be two: one based on the assumptions that I consider most reliable and another based on deliberately overly negative assumptions. The reason I create the second model is to show that even in a dramatic scenario Facebook&#39;s cash flows are high enough to justify an initial purchase. The first model will be constructed as follows:</p><ul><li>WACC will be equal to the cost of equity since Meta has negative net debt.</li><li>The cost of equity will be 9.75%. Its calculation includes a beta of 1.25, a country market risk premium of 4.2%, a risk-free rate of 3.5% and additional risk adjustments equal to 1%. I deliberately considered the latter value so high because of the uncertainty related to the reality labs segment.</li><li>The growth rate for the first 5 years will be 10%, while the growth rate for the next 5 years will be 5%. Since Meta&#39;s free cash flow over the past three years has grown at 35.7% CAGR, these estimates discount not only rising costs related to the reality labs segment, but also a reduction in growth due to the inflationary environment.</li></ul><p>The growth rate will be calculated from free cash flow for the year 2021; data on shares outstanding and net debt belong to TIKR Terminal.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/155029729adc41a5635335cb335e690b\" tg-width=\"640\" tg-height=\"242\" width=\"100%\" height=\"auto\"/><span>Discounted cash flow (Sources already cited)</span></p><p>Using these assumptions, Meta&#39;s fair value is $313.40, which is far higher than its current value. Even considering a 30% margin of safety Meta would be undervalued by 24%. It is very difficult to find such a solid company at such a discounted price, no FAANG is currently so undervalued in my opinion. The second model I am going to show is not considered realistic but is meant to give more awareness about this company. I will assume that Meta&#39;s growth rate is 0% over the next 10 years.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe2e9460a494836a95e991637f6cb526\" tg-width=\"640\" tg-height=\"240\" width=\"100%\" height=\"auto\"/><span>Discounted cash flow (Sources already cited)</span></p><p>Albeit by a small amount, Meta is undervalued even if it stopped growing 10 years from now. With a growth rate of 0% the fair value would be $181.19; at the time I am writing this article the company is trading at $177 per share. I strongly believe that the market is discounting an overly negative scenario.</p><p><b>Multiples method</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a92ba3aa036c7c40aba01f9f091e4574\" tg-width=\"640\" tg-height=\"188\" width=\"100%\" height=\"auto\"/><span>Valuation multiples (TIKR Terminal)</span></p><p>According to the multiples of the past 5 years, Meta continues to be considered undervalued. From what can be seen, the current multiples are well below the historical average and have now reached historical lows. It is true that expectations for future growth have been reduced, but not to such an extent as to justify a P/E of 14x and an EV/EBITDA of less than 10x. In my opinion, it is being assumed that investments in the metaverse will be unproductive and that the Family of App segment will cease its growth shortly.</p><p><b>Technical analysis through RSI</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0edfb1de7c792630b752368cc8eca1b\" tg-width=\"640\" tg-height=\"333\" width=\"100%\" height=\"auto\"/><span>TradingView</span></p><p>The RSI indicator has never encountered such a low value, and today it is almost in an oversold zone. In 2019, a similar situation happened: the RSI touched 40 before jumping upward. We may be close to the bottom. If not, Meta is definitely a company that deserves to be averaged down. Below $200 a share is a bargain, even more at $180.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta: Mr. Market Is Drunk</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\">\nMeta: Mr. Market Is Drunk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-26 23:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4514579-meta-market-drunk-stock-undervalued><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryUnder reasonable assumptions, Meta's fair value is $313.40, so it is definitely a strong buy.Although future growth will not match the pace of the past 3 years, I believe that it will still be ...</p>\n\n<a href=\"https://seekingalpha.com/article/4514579-meta-market-drunk-stock-undervalued\">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/article/4514579-meta-market-drunk-stock-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2238722145","content_text":"SummaryUnder reasonable assumptions, Meta's fair value is $313.40, so it is definitely a strong buy.Although future growth will not match the pace of the past 3 years, I believe that it will still be high enough to not justify a P/E of only 14x.I consider the recent collapse unjustified; Meta is sacrificing its profits in the short run to gain significant benefits in the long run.Nearly two billion people use Meta apps on a daily basis, and it is likely that this growing trend may continue driven by the development of geographical areas such as Asia-Pacific and Rest of World.Fritz Jorgensen/iStock Editorial via Getty ImagesInvestment thesisMeta (NASDAQ:FB) is currently surrounded by strong negative sentiment that has led it to lose more than 50% of its value. I view this slump as a rare opportunity to buy at a discount one of the best companies in the world, with annual free cash flow of nearly $40 billion and negative net debt. The current price is justified only if we assume that Meta will grow at a 0% rate over the next 10 years, which is rather unlikely. Under reasonable assumptions, Meta's fair value is $313.40, so it is definitely a strong buy.Future growth prospects and business modelMeta currently has a P/E of 14x; therefore, future growth prospects are not expected to be all that exciting. The reason for its collapse of more than 50 % is mainly due to investors' concern that this company will not grow as fast as it has in the past, and indeed, may even see a permanent reduction in profitability margins because of investments in the Metaverse. Within this article I want to express my opinion regarding the negative sentiment that is plaguing this company, and why I believe the market is making a big mistake in pricing it $177 per share. In this paragraph, Meta's two main segments will be analyzed individually: family of apps and reality labs.Family of AppsThis is Meta's main segment and includes Facebook, Instagram, Messenger, WhatsApp, and other services. I personally consider this segment one of the best in the world as it is virtually impossible for an outside company to succeed in this market. The main barrier to entry is due to the purpose of social media: to connect as many people as possible. It would not make sense to abandon Facebook, Instagram or WhatsApp for another social since almost every person in the world is signed up. Signing up for an emerging social would mean accepting that you cannot connect with all your contacts. Moreover, what would the potential new social have that Facebook or Instagram do not? Even assuming the potential new social had innovative new features, in a short time those features would be incorporated into all Meta socials. An example of this was the inclusion of Instagram stories after the success initially experienced by Snapchat.Comparison with TikTok and focus on user growthTo date, the only real competitor is TikTok. Its growth is undeniable and to date it has MAUs of 1 billion. But how much has TikTok affected Meta's user growth?Monthly active people (Meta Q1 2022)Looking at the data published in Q1 2022, it does not appear that the growth of the Family of Apps segment has stopped, on the contrary. Active users are growing steadily every quarter and to date have reached the incredible figure of 3.64 billion. There are about eight billion people in the world, so almost one out of two people is part of this segment; therefore, it is logical to expect slow growth. For DAUs the result is similar.Daily active users (Meta Q1 2022)Again, the growth is slow but steady. To date, nearly two billion people use Meta apps on a daily basis, and it is likely that this growing trend may continue driven by the development of geographical areas such as Asia-Pacific and Rest of World. Thus, the rise of TikTok has not led to a reduction in people's interest in Meta apps. But how is this possible? The answer lies in the three charts below published by Datareportal.Internet users from 2012 to date (Datareportal)In this first graph we can see that internet users are still growing year after year. As of today, there are about 4.95 billion internet users, but there is still room for improvement considering the approximately eight billion people in the world. If internet-connected users increase, it is likely that both Meta and TikTok sign-ups will also increase.Social media users from 2012 to date (Datareportal)In this second graph we can see how users subscribed to social media are increasing steadily and also rather quickly. The growth over the past two years is in double digits, which explains how it is possible that TikTok sign-ups have not negatively affected Meta's apps: there are simply more and more people willing to sign up for more social media. Moreover, the average daily consumption spent on social media is also continuously increasing, and to date has reached 2 hours and 27 minutes. As a final topic related to the comparison with TikTok, I want to present one last image related to the preferences of the average user.Favorite social media platforms (Datareportal)As can be seen, the top three is firmly formed by Zuckerberg's apps. Finally, I would like to emphasize that the purpose of the comparison with TikTok is not to discredit this platform in favor of Meta, but to demonstrate that TikTok along with Meta's apps can coexist together without necessarily harming each other. The growth of Meta is not harmed by the growth of TikTok, and vice versa. Obviously since Meta has more users, it is difficult for the latter to grow as fast as TikTok, but this does not mean that the Family of Apps segment is now finished.Family of Apps revenuesWe have just seen how active users are continuously growing, but what can be said about Meta from a revenue standpoint?Revenue and net income (TIKR Terminal)From 2015 to 2021, revenues grew at a CAGR of 36.8% while net income at a CAGR of 34.9%. From 2018 to 2021, the revenue CAGR decreased to 28.3% while earnings achieved a CAGR of 21.2%. Although future growth will not match the pace of the past 3 years, I believe that it will still be high enough to not justify a P/E of only 14x. If revenue growth were to decline to an annual 15%, the company would still have a PEG ratio of less than 1.To conclude the analysis of the Family of apps sector, I would like to analyze one last aspect: how much the company earns per active user.ARPU (Meta Q1 2022)Again, the results for Q1 2022 are very positive: except for Europe, every geographic area was more successful than in Q1 2021. In particular, the Asia-Pacific area and the rest of the world area drove up the average calculated on a worldwide basis, reaching $9.54 per user. The comparison, of course, should be made to the previous year's Q1 and not to the previous quarter: Q1 has always been the least profitable historically compared to the others, especially Q4.Reality LabsThis segment is definitely the more discussed of the two and has been one of the causes of Meta's collapse in recent months. The purpose of this segment can be summarized through this sentence taken from Meta's website, \"Reality Labs brings together a world-class team of researchers, developers, and engineers to build the future of connection within virtual and augmented reality.\" The premise sounds good but why then does this segment not appeal to investors? The main reason is because to date Reality Labs is an unprofitable and very expensive business.Reality Labs (Meta annual report 2021)In two years slightly more than $20 billion has been spent to achieve revenues of about $3.4 billion. To date, it does not appear that this segment has been a bargain, which is why investors are concerned about future losses that could be even greater. The concern of these investors is legitimate, but I personally do not agree with it for two reasons: the potential of this sector and Meta's financial strength.The potential of this sectorI begin this paragraph by making a premise: to date the virtual reality market is still in its early stages, and it is impossible to draw an accurate estimate of its future potential. Analysts could be very wrong, both negatively and positively. It could potentially be a market that will change our lives as early as the next 4-5 years, but the reverse could also be true. What is certainly true is that Meta will invest billions of dollars in this market, and its goal is to change our lives just as it has already done through social media. The CAGR of this market is expected to be 44.8% between 2021 and 2028 reaching a value of $84.09 billion. This growth considers every type of service/product associated with virtual reality, not just the VR Headsets market in which Meta is investing. Regarding the latter market in detail, Meta currently has a dominant market share of 80% thanks to Oculus. Finally, I would like to express my opinion on the whole issue. No profitable business was built overnight, or even from one year to the next. The virtual reality market is still a great unknown, but we can already see the first signs of a fast-growing trend. Here are just a few:Oculus was among the top five entertainment apps in five countries on Christmas Eve, and it was the top app in the US on Christmas DayMeta's reality labs revenues increased by 100% from 2020 to 2021Jobs related to virtual reality are increasingly in demand.The biggest problem with financial markets is that they are not patient; results need to be immediate to see companies' stock prices rise. Uncertainty is not allowed, and currently Meta is investing in a field whose prospects are still uncertain after all. Personally, I believe in the potential of virtual reality, so I consider the recent collapse unjustified; Meta is sacrificing its profits in the short run to gain significant benefits in the long run.Meta's financial strengthAssuming that the investment in virtual reality does not bring the hoped-for benefits, would it really be a problem for Meta? Personally, I think it is not as bad as people think. Meta's 2021 free cash flow was $39.1 billion, with a current net debt of -$29.2 billion. All the investments already made in the metaverse would amount to about half of what this company can produce in a year. With such a strong Family of App segment, it is virtually impossible for Meta to run out of cash. By this I do not mean that any failure of the reality labs would not have negative consequences, but that it could be absorbed by the company because of its huge free cash flow.How much is Meta worth?Meta will be valued using three valuation methods: a discounted cash, multiples method, and technical analysis. Among the three models the DCF is the one I consider the most relevant, the other two serve as a confirmation to what has been stated.Discounted cash flowThrough this model I will calculate the present value of future cash flows, with the aim of extrapolating a fair value. The models that I am going to create will be two: one based on the assumptions that I consider most reliable and another based on deliberately overly negative assumptions. The reason I create the second model is to show that even in a dramatic scenario Facebook's cash flows are high enough to justify an initial purchase. The first model will be constructed as follows:WACC will be equal to the cost of equity since Meta has negative net debt.The cost of equity will be 9.75%. Its calculation includes a beta of 1.25, a country market risk premium of 4.2%, a risk-free rate of 3.5% and additional risk adjustments equal to 1%. I deliberately considered the latter value so high because of the uncertainty related to the reality labs segment.The growth rate for the first 5 years will be 10%, while the growth rate for the next 5 years will be 5%. Since Meta's free cash flow over the past three years has grown at 35.7% CAGR, these estimates discount not only rising costs related to the reality labs segment, but also a reduction in growth due to the inflationary environment.The growth rate will be calculated from free cash flow for the year 2021; data on shares outstanding and net debt belong to TIKR Terminal.Discounted cash flow (Sources already cited)Using these assumptions, Meta's fair value is $313.40, which is far higher than its current value. Even considering a 30% margin of safety Meta would be undervalued by 24%. It is very difficult to find such a solid company at such a discounted price, no FAANG is currently so undervalued in my opinion. The second model I am going to show is not considered realistic but is meant to give more awareness about this company. I will assume that Meta's growth rate is 0% over the next 10 years.Discounted cash flow (Sources already cited)Albeit by a small amount, Meta is undervalued even if it stopped growing 10 years from now. With a growth rate of 0% the fair value would be $181.19; at the time I am writing this article the company is trading at $177 per share. I strongly believe that the market is discounting an overly negative scenario.Multiples methodValuation multiples (TIKR Terminal)According to the multiples of the past 5 years, Meta continues to be considered undervalued. From what can be seen, the current multiples are well below the historical average and have now reached historical lows. It is true that expectations for future growth have been reduced, but not to such an extent as to justify a P/E of 14x and an EV/EBITDA of less than 10x. In my opinion, it is being assumed that investments in the metaverse will be unproductive and that the Family of App segment will cease its growth shortly.Technical analysis through RSITradingViewThe RSI indicator has never encountered such a low value, and today it is almost in an oversold zone. In 2019, a similar situation happened: the RSI touched 40 before jumping upward. We may be close to the bottom. If not, Meta is definitely a company that deserves to be averaged down. Below $200 a share is a bargain, even more at $180.","news_type":1},"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025092560,"gmtCreate":1653604599050,"gmtModify":1676535310175,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025092560","repostId":"2238856736","repostType":4,"repost":{"id":"2238856736","pubTimestamp":1653579019,"share":"https://www.laohu8.com/m/news/2238856736?lang=&edition=full","pubTime":"2022-05-26 23:30","market":"us","language":"en","title":"Bear Market Playbook: Cash, Patience And Vigilance","url":"https://stock-news.laohu8.com/highlight/detail?id=2238856736","media":"MoneyShow","summary":"SummaryOn the surface, the correction has only started getting to the broad indices. Under the hood,","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>On the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&amp;P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving averages.</li><li>The Fed is raising rates and reducing liquidity by allowing assets on its balance sheet to roll off. Interest rates are the fundamental market-wide variable governing how much investors are willing to pay for a company on the basis of its earnings.</li><li>As interest rates rise, that number, for the stock market taken as a whole, will fall. Layer in the anticipation of decelerating earnings or a potential recession, and the price contraction is even sharper.</li><li>After the dust settles, Mr. Market will get sober and realize that certain companies were pushed down with the broad market to valuation levels too low for their fundamentals. Our job is to find these opportunities before Mr. Market’s moment of sobriety.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/caec9c220bfd36f42efd9859baf1d5a2\" tg-width=\"750\" tg-height=\"563\" referrerpolicy=\"no-referrer\"/><span>Adam Gault/OJO Images via Getty Images By Monty Guild</span></p><p>The damage to stocks is more evident internally than externally. On the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&amp;P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving averages. A lot of pain has already happened.</p><p>There are some external factors at work here, and these may be ushering in some structural changes to global finance and economics. But still, what is happening right now is altogether simpler, and in a way, that’s comforting.</p><p>The Fed is raising rates and reducing liquidity by allowing assets on its balance sheet to roll off. Interest rates - the “cost of money” - are the fundamental market-wide variable governing how much investors are willing to pay for a company on the basis of its earnings (that is, the P/E ratio, or price-to-earnings multiple).</p><p>As interest rates rise, that number, for the stock market taken as a whole, will fall. We believe it will fall back towards historical norms; indeed, it already is doing so. Layer in the anticipation of decelerating earnings or a potential recession, and the price contraction is even sharper.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1dfb7c5fd7b17a296ba44bd22eca7c5b\" tg-width=\"1168\" tg-height=\"714\" referrerpolicy=\"no-referrer\"/><span>S&amp;P 500 NTM P/E (Author)</span></p><p>The central message to investors is this: what is happening is not outlandish; it is normal and expected. Indeed, it is actually creating opportunities to buy high-quality assets when their prices have declined to sane levels in accord with historical norms and prevailing industry conditions. Many high-quality assets will see their prices decline <i>below</i> those sane levels, presenting particularly appealing opportunities.</p><p>What’s happening is simply the result of a hangover. Extraordinary monetary policy made the financial system flush with liquidity, which was used to bid up stock prices - and in the last stages of this process, all sense of proportion, caution, and historical norms was cast aside.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/820584a96aa27afaa500c78ed0fd92b6\" tg-width=\"1280\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/><span>Money Supply YoY Growth (M2) (Morgan Stanley Research)</span></p><p>Now the punch bowl is being taken away from the party, sirens can be heard faintly in the background, and sobriety is beginning to set in. Note the word <i>beginning.</i> Our firm has an institutional memory of the inflation-driven bear market of the 1970s.</p><p>We believe that a market-level bottom still needs to be found - simply because more pain remains to be inflicted on some industries by rising rates if the Fed is even going to <i>approach</i>making good on its stated intention to deal with inflation. And while inflation is likely peaking now, we believe, as we have said for some time, that it will not return to the pre-pandemic 1-2% norm for many years.</p><p><b>A Bear Market Strategy</b></p><p>Patience is the watch word. The P/E chart above shows the extent to which valuations have already declined. However, it’s important to bear in mind that this is a market-wide chart, concealing wide variation among industries and individual companies about what constitutes an attractive valuation.</p><p>The sharp decline in market-level valuations points out a notable characteristic of contemporary markets: the prominence of passive investing, which now comprises most of market flows, means that in a period of liquidation such as we are now experiencing, good companies will get sold off indiscriminately with bad.</p><p>After the dust settles, Mr. Market will get sober and realize that certain companies were pushed down with the broad market to valuation levels too low for their fundamentals. Our job is to find these opportunities before Mr. Market’s moment of sobriety, and we are already identifying them.</p><p><b>Innovation and Mean-Reversion</b></p><p>The current swoon may be setting up a once-in-a-decade opportunity. We have seen this movie before, and it is not fun to watch - but value is being created. We do not favor moving portfolios totally to cash, because we believe that there will still be tactical opportunities and worthwhile long-term defensible holds even in the midst of a general liquidation. Further, in an inflationary environment, holding cash is in itself risky and costly.</p><p>Reversion to the mean is a reality. We mean no disrespect to ARK Invest and its management when we point out that on a five-year basis, the performance of the ARK Innovation Fund (ARKK), a flagship of the most prominent tech innovators and disruptors, has now fallen below the S&amp;P 500.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa712dc92eeb3f8a56d1e7eb63ef2636\" tg-width=\"1280\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>SPY, ARKK (Morgan Stanley Research)</span></p><p>That chart is itself a perfect visual representation of mean reversion. However, it’s important to remember that the market is not the economy; and the economy is not the current stage of the economic cycle.</p><p>Just as in the dot com bust - perhaps even more so - among the present-day stock market wreckage of decimated innovators, there remain companies that are at the forefront of the technological transformation of the world through networking, digitization, automation, and artificial intelligence.</p><p>Many of these are components of ARK’s funds, and will become new Amazons and Googles in their respective industries - but not before they’ve endured more exile in the wilderness.</p><p>As a quick note on crypto, we have watched the implosion of LUNA (LUNA-USD) and UST (UST-USD) with interest. To us, the takeaway is simple: the wild west days of crypto are ending, and the regulators are coming. As we have said for years, we believe this is a good thing. Regulators aren’t perfect, but they are necessary, and financial history shows the disasters that can unfold in their absence.</p><p><b>Investment implications</b></p><p>Multiple contraction alone on the basis of rising rates suggests a 3800 target for the S&amp;P 500. However, should earnings disappoint or more signs of recession appear, a deeper market-wide decline would likely be in the cards. It is not yet time to sound the “all clear.”</p><p>We could have a choppy or lower market with some rallies and declines until later this year, when the market has had a chance to see how much corporate profits will be impacted by the ongoing inflation, and which industries will be hurt and helped by inflation. It will gradually become clear whether we’re entering a multi-year bear market or simply enduring a deep correction within the market’s many-decade upward trajectory.</p><p>The reason you have to maintain some optimism is that the movement of fear and negative sentiment from <i>high</i> to <i>neutral</i> can see markets rally a lot, long before sentiment is actually bullish. On the positive side, as we have noted, some real bargains are starting to appear and we are refining our buy list of companies that we believe have strong long-term prospects.</p><p>However, the coming bull market, when it emerges, is unlikely to be a QE-driven bull market like what prevailed from 2009 to 2021. Because it will be based more on economic, revenue, and earnings growth, it will be choppier, more volatile, and more company-, sector-, and industry-specific than the previous bull market.</p><p>We believe elements of the commodity complex, such as food and battery minerals, will be attractive. Future growth areas - all under the rubric of “growth at a reasonable price” - will include software, disruptive technologies, semiconductors, fintech and defi, and cybersecurity, among others.</p><p>When investing in innovation, focus on influential, substantive innovations - innovations that most deeply affect standards of living, and are important to further real-world technological and economic progress. In short, not mere novelty items; this is where patience might be required.</p><p>Moving forward, strong margins and balance sheets are likely to draw more attention than they did in an era where investors focused somewhat myopically on revenue growth.</p><p>We believe high inflation in food, clothing, shelter, fuel, and other consumer necessities, combined with wages not keeping pace with inflation, will weaken discretionary consumer spending. Supply chains will remain a point of difficulty and concern, and the process of reshoring and the transition will continue for years.</p></body></html>","source":"lsy1653567943406","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>Bear Market Playbook: Cash, Patience And Vigilance</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\">\nBear Market Playbook: Cash, Patience And Vigilance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-26 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.moneyshow.com/articles/dailyguru-58807/bear-market-playbook-cash-patience-and-vigilance/?scode=044063><strong>MoneyShow</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryOn the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving...</p>\n\n<a href=\"https://www.moneyshow.com/articles/dailyguru-58807/bear-market-playbook-cash-patience-and-vigilance/?scode=044063\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.moneyshow.com/articles/dailyguru-58807/bear-market-playbook-cash-patience-and-vigilance/?scode=044063","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238856736","content_text":"SummaryOn the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving averages.The Fed is raising rates and reducing liquidity by allowing assets on its balance sheet to roll off. Interest rates are the fundamental market-wide variable governing how much investors are willing to pay for a company on the basis of its earnings.As interest rates rise, that number, for the stock market taken as a whole, will fall. Layer in the anticipation of decelerating earnings or a potential recession, and the price contraction is even sharper.After the dust settles, Mr. Market will get sober and realize that certain companies were pushed down with the broad market to valuation levels too low for their fundamentals. Our job is to find these opportunities before Mr. Market’s moment of sobriety.Adam Gault/OJO Images via Getty Images By Monty GuildThe damage to stocks is more evident internally than externally. On the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving averages. A lot of pain has already happened.There are some external factors at work here, and these may be ushering in some structural changes to global finance and economics. But still, what is happening right now is altogether simpler, and in a way, that’s comforting.The Fed is raising rates and reducing liquidity by allowing assets on its balance sheet to roll off. Interest rates - the “cost of money” - are the fundamental market-wide variable governing how much investors are willing to pay for a company on the basis of its earnings (that is, the P/E ratio, or price-to-earnings multiple).As interest rates rise, that number, for the stock market taken as a whole, will fall. We believe it will fall back towards historical norms; indeed, it already is doing so. Layer in the anticipation of decelerating earnings or a potential recession, and the price contraction is even sharper.S&P 500 NTM P/E (Author)The central message to investors is this: what is happening is not outlandish; it is normal and expected. Indeed, it is actually creating opportunities to buy high-quality assets when their prices have declined to sane levels in accord with historical norms and prevailing industry conditions. Many high-quality assets will see their prices decline below those sane levels, presenting particularly appealing opportunities.What’s happening is simply the result of a hangover. Extraordinary monetary policy made the financial system flush with liquidity, which was used to bid up stock prices - and in the last stages of this process, all sense of proportion, caution, and historical norms was cast aside.Money Supply YoY Growth (M2) (Morgan Stanley Research)Now the punch bowl is being taken away from the party, sirens can be heard faintly in the background, and sobriety is beginning to set in. Note the word beginning. Our firm has an institutional memory of the inflation-driven bear market of the 1970s.We believe that a market-level bottom still needs to be found - simply because more pain remains to be inflicted on some industries by rising rates if the Fed is even going to approachmaking good on its stated intention to deal with inflation. And while inflation is likely peaking now, we believe, as we have said for some time, that it will not return to the pre-pandemic 1-2% norm for many years.A Bear Market StrategyPatience is the watch word. The P/E chart above shows the extent to which valuations have already declined. However, it’s important to bear in mind that this is a market-wide chart, concealing wide variation among industries and individual companies about what constitutes an attractive valuation.The sharp decline in market-level valuations points out a notable characteristic of contemporary markets: the prominence of passive investing, which now comprises most of market flows, means that in a period of liquidation such as we are now experiencing, good companies will get sold off indiscriminately with bad.After the dust settles, Mr. Market will get sober and realize that certain companies were pushed down with the broad market to valuation levels too low for their fundamentals. Our job is to find these opportunities before Mr. Market’s moment of sobriety, and we are already identifying them.Innovation and Mean-ReversionThe current swoon may be setting up a once-in-a-decade opportunity. We have seen this movie before, and it is not fun to watch - but value is being created. We do not favor moving portfolios totally to cash, because we believe that there will still be tactical opportunities and worthwhile long-term defensible holds even in the midst of a general liquidation. Further, in an inflationary environment, holding cash is in itself risky and costly.Reversion to the mean is a reality. We mean no disrespect to ARK Invest and its management when we point out that on a five-year basis, the performance of the ARK Innovation Fund (ARKK), a flagship of the most prominent tech innovators and disruptors, has now fallen below the S&P 500.SPY, ARKK (Morgan Stanley Research)That chart is itself a perfect visual representation of mean reversion. However, it’s important to remember that the market is not the economy; and the economy is not the current stage of the economic cycle.Just as in the dot com bust - perhaps even more so - among the present-day stock market wreckage of decimated innovators, there remain companies that are at the forefront of the technological transformation of the world through networking, digitization, automation, and artificial intelligence.Many of these are components of ARK’s funds, and will become new Amazons and Googles in their respective industries - but not before they’ve endured more exile in the wilderness.As a quick note on crypto, we have watched the implosion of LUNA (LUNA-USD) and UST (UST-USD) with interest. To us, the takeaway is simple: the wild west days of crypto are ending, and the regulators are coming. As we have said for years, we believe this is a good thing. Regulators aren’t perfect, but they are necessary, and financial history shows the disasters that can unfold in their absence.Investment implicationsMultiple contraction alone on the basis of rising rates suggests a 3800 target for the S&P 500. However, should earnings disappoint or more signs of recession appear, a deeper market-wide decline would likely be in the cards. It is not yet time to sound the “all clear.”We could have a choppy or lower market with some rallies and declines until later this year, when the market has had a chance to see how much corporate profits will be impacted by the ongoing inflation, and which industries will be hurt and helped by inflation. It will gradually become clear whether we’re entering a multi-year bear market or simply enduring a deep correction within the market’s many-decade upward trajectory.The reason you have to maintain some optimism is that the movement of fear and negative sentiment from high to neutral can see markets rally a lot, long before sentiment is actually bullish. On the positive side, as we have noted, some real bargains are starting to appear and we are refining our buy list of companies that we believe have strong long-term prospects.However, the coming bull market, when it emerges, is unlikely to be a QE-driven bull market like what prevailed from 2009 to 2021. Because it will be based more on economic, revenue, and earnings growth, it will be choppier, more volatile, and more company-, sector-, and industry-specific than the previous bull market.We believe elements of the commodity complex, such as food and battery minerals, will be attractive. Future growth areas - all under the rubric of “growth at a reasonable price” - will include software, disruptive technologies, semiconductors, fintech and defi, and cybersecurity, among others.When investing in innovation, focus on influential, substantive innovations - innovations that most deeply affect standards of living, and are important to further real-world technological and economic progress. In short, not mere novelty items; this is where patience might be required.Moving forward, strong margins and balance sheets are likely to draw more attention than they did in an era where investors focused somewhat myopically on revenue growth.We believe high inflation in food, clothing, shelter, fuel, and other consumer necessities, combined with wages not keeping pace with inflation, will weaken discretionary consumer spending. Supply chains will remain a point of difficulty and concern, and the process of reshoring and the transition will continue for years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9051341647,"gmtCreate":1654647881589,"gmtModify":1676535484191,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051341647","repostId":"2241388884","repostType":4,"repost":{"id":"2241388884","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1654643153,"share":"https://www.laohu8.com/m/news/2241388884?lang=&edition=full","pubTime":"2022-06-08 07:05","market":"us","language":"en","title":"US STOCKS-Wall St Jumps with Tech, Energy; Target News Weighs on Retailers","url":"https://stock-news.laohu8.com/highlight/detail?id=2241388884","media":"Reuters","summary":"* Target's margin cut hits some retail stocks* Kohl's climbs on sale talks with Franchise Group* Ind","content":"<html><head></head><body><p>* Target&#39;s margin cut hits some retail stocks</p><p>* Kohl&#39;s climbs on sale talks with Franchise Group</p><p>* Indexes: Dow up 0.8%, S&amp;P 500 up 1%, Nasdaq up 0.9%</p><p>NEW YORK, June 7 (Reuters) - U.S. stocks rallied late on Tuesday to end higher for a second straight day as technology and energy shares gained, while Target Corp&#39;s warning about excess inventory weighed on retail stocks for much of the session.</p><p>Apple Inc    shares climbed 1.8% despite news earlier in the day that the company must change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed to a single charging port for mobile phones, tablets and cameras.</p><p>The S&amp;P 500 technology index  rose 1% and gave the benchmark index its biggest boost. Microsoft Corp    shares added 1.4%.</p><p>The S&amp;P 500 energy sector index  jumped 3.1% to end at its highest level since 2014, with oil prices sharply higher.</p><p>At the same time, shares of Target Corp    fell 2.3% after the retailer said it would have to offer deeper discounts and cut back on stocking discretionary items.</p><p>Equity trading was choppy, with indexes down early in the day, but the market has been recovering from recent steep losses.</p><p>Recently, &#34;we&#39;ve had a nice bounce ... and in general investors are feeling better right now. But we are very much in a seesaw market as we&#39;ve seen all year,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York.</p><p>&#34;At some point, we will put in a bottom, and the market will move higher. We have a hard time believing that&#39;s any time soon, given a number of fundamental issues overhanging the market,&#34; he said. &#34;Certainly what we&#39;ve seen today from Target isn&#39;t good news in terms of the consumer.&#34;</p><p>Long-dated U.S. Treasury yields tumbled after the Target news, however, as it fueled some speculation that the worst of inflation may be in the past.</p><p>The Dow Jones Industrial Average    rose 264.36 points, or 0.8%, to 33,180.14, the S&amp;P 500    gained 39.25 points, or 0.95%, to 4,160.68 and the Nasdaq Composite    added 113.86 points, or 0.94%, to 12,175.23.</p><p>Shares of Walmart    fell 1.2%, and the S&amp;P retail index  was down 1%.</p><p>Consumer price data on Friday is expected to show that inflation remained elevated in May, though core consumer prices, which exclude the volatile food and energy sectors, likely ticked down on an annual basis.</p><p>Not all retailers were in the red. Kohl&#39;s Corp    shares jumped 9.5% after news the department store chain entered exclusive talks with retail store operator <a href=\"https://laohu8.com/S/FRG\">Franchise Group Inc</a> over a potential sale that would value it at nearly $8 billion.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.36-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 35 new highs and 121 new lows.</p><p>Volume on U.S. exchanges was 10.38 billion shares, compared with the 12.50 billion average for the full session over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall St Jumps with Tech, Energy; Target News Weighs on Retailers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St Jumps with Tech, Energy; Target News Weighs on Retailers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-08 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Target&#39;s margin cut hits some retail stocks</p><p>* Kohl&#39;s climbs on sale talks with Franchise Group</p><p>* Indexes: Dow up 0.8%, S&amp;P 500 up 1%, Nasdaq up 0.9%</p><p>NEW YORK, June 7 (Reuters) - U.S. stocks rallied late on Tuesday to end higher for a second straight day as technology and energy shares gained, while Target Corp&#39;s warning about excess inventory weighed on retail stocks for much of the session.</p><p>Apple Inc    shares climbed 1.8% despite news earlier in the day that the company must change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed to a single charging port for mobile phones, tablets and cameras.</p><p>The S&amp;P 500 technology index  rose 1% and gave the benchmark index its biggest boost. Microsoft Corp    shares added 1.4%.</p><p>The S&amp;P 500 energy sector index  jumped 3.1% to end at its highest level since 2014, with oil prices sharply higher.</p><p>At the same time, shares of Target Corp    fell 2.3% after the retailer said it would have to offer deeper discounts and cut back on stocking discretionary items.</p><p>Equity trading was choppy, with indexes down early in the day, but the market has been recovering from recent steep losses.</p><p>Recently, &#34;we&#39;ve had a nice bounce ... and in general investors are feeling better right now. But we are very much in a seesaw market as we&#39;ve seen all year,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York.</p><p>&#34;At some point, we will put in a bottom, and the market will move higher. We have a hard time believing that&#39;s any time soon, given a number of fundamental issues overhanging the market,&#34; he said. &#34;Certainly what we&#39;ve seen today from Target isn&#39;t good news in terms of the consumer.&#34;</p><p>Long-dated U.S. Treasury yields tumbled after the Target news, however, as it fueled some speculation that the worst of inflation may be in the past.</p><p>The Dow Jones Industrial Average    rose 264.36 points, or 0.8%, to 33,180.14, the S&amp;P 500    gained 39.25 points, or 0.95%, to 4,160.68 and the Nasdaq Composite    added 113.86 points, or 0.94%, to 12,175.23.</p><p>Shares of Walmart    fell 1.2%, and the S&amp;P retail index  was down 1%.</p><p>Consumer price data on Friday is expected to show that inflation remained elevated in May, though core consumer prices, which exclude the volatile food and energy sectors, likely ticked down on an annual basis.</p><p>Not all retailers were in the red. Kohl&#39;s Corp    shares jumped 9.5% after news the department store chain entered exclusive talks with retail store operator <a href=\"https://laohu8.com/S/FRG\">Franchise Group Inc</a> over a potential sale that would value it at nearly $8 billion.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.36-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 35 new highs and 121 new lows.</p><p>Volume on U.S. exchanges was 10.38 billion shares, compared with the 12.50 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4114":"综合货品商店","TGT":"塔吉特",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4504":"桥水持仓",".SPX":"S&P 500 Index","MSFT":"微软","BK4532":"文艺复兴科技持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2241388884","content_text":"* Target's margin cut hits some retail stocks* Kohl's climbs on sale talks with Franchise Group* Indexes: Dow up 0.8%, S&P 500 up 1%, Nasdaq up 0.9%NEW YORK, June 7 (Reuters) - U.S. stocks rallied late on Tuesday to end higher for a second straight day as technology and energy shares gained, while Target Corp's warning about excess inventory weighed on retail stocks for much of the session.Apple Inc    shares climbed 1.8% despite news earlier in the day that the company must change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed to a single charging port for mobile phones, tablets and cameras.The S&P 500 technology index  rose 1% and gave the benchmark index its biggest boost. Microsoft Corp    shares added 1.4%.The S&P 500 energy sector index  jumped 3.1% to end at its highest level since 2014, with oil prices sharply higher.At the same time, shares of Target Corp    fell 2.3% after the retailer said it would have to offer deeper discounts and cut back on stocking discretionary items.Equity trading was choppy, with indexes down early in the day, but the market has been recovering from recent steep losses.Recently, \"we've had a nice bounce ... and in general investors are feeling better right now. But we are very much in a seesaw market as we've seen all year,\" said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.\"At some point, we will put in a bottom, and the market will move higher. We have a hard time believing that's any time soon, given a number of fundamental issues overhanging the market,\" he said. \"Certainly what we've seen today from Target isn't good news in terms of the consumer.\"Long-dated U.S. Treasury yields tumbled after the Target news, however, as it fueled some speculation that the worst of inflation may be in the past.The Dow Jones Industrial Average    rose 264.36 points, or 0.8%, to 33,180.14, the S&P 500    gained 39.25 points, or 0.95%, to 4,160.68 and the Nasdaq Composite    added 113.86 points, or 0.94%, to 12,175.23.Shares of Walmart    fell 1.2%, and the S&P retail index  was down 1%.Consumer price data on Friday is expected to show that inflation remained elevated in May, though core consumer prices, which exclude the volatile food and energy sectors, likely ticked down on an annual basis.Not all retailers were in the red. Kohl's Corp    shares jumped 9.5% after news the department store chain entered exclusive talks with retail store operator Franchise Group Inc over a potential sale that would value it at nearly $8 billion.Advancing issues outnumbered declining ones on the NYSE by a 2.36-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored advancers.The S&P 500 posted 3 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 35 new highs and 121 new lows.Volume on U.S. exchanges was 10.38 billion shares, compared with the 12.50 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050214697,"gmtCreate":1654210012119,"gmtModify":1676535410852,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050214697","repostId":"1149188009","repostType":4,"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027282592,"gmtCreate":1654042804516,"gmtModify":1676535383135,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027282592","repostId":"2240375487","repostType":4,"repost":{"id":"2240375487","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1654038585,"share":"https://www.laohu8.com/m/news/2240375487?lang=&edition=full","pubTime":"2022-06-01 07:09","market":"us","language":"en","title":"US STOCKS-Wall Street Pulls Back After Last Week's Rally With Inflation in Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2240375487","media":"Reuters","summary":"Wall Street's three major indexes closed lower on Tuesday, following a rally last week, as volatile ","content":"<html><head></head><body><p>Wall Street&#39;s three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.</p><p>After outperforming earlier in the session, the S&amp;P&#39;s energy sector lost ground after a report that some producers were exploring the idea of suspending Russia&#39;s participation in the OPEC+ production deal.</p><p>Federal Reserve policy was also top of mind for investors as U.S. President Joe Biden and Fed Chair Jerome Powell met on Tuesday to discuss inflation, which Biden said ahead of the meeting was his &#34;top priority.&#34;</p><p>This was after Fed Governor Christopher Waller said on Monday the U.S. central bank should be prepared to raise rates by a half percentage point at every meeting from now on until inflation is decisively curbed.</p><p>&#34;The market&#39;s trying to figure out the endgame for the Fed,&#34; said Jack Janasiewicz, portfolio manager at <a href=\"https://laohu8.com/S/NTXFY\">Natixis</a> Investment Management solutions.</p><p>And while lower commodity prices would be good news for equities in the longer term, the impact of the report about OPEC and Russia on the energy sector may have spooked the broader market a little on Tuesday.</p><p>&#34;That&#39;s the sort of thing that has the market on edge,&#34; said Janasiewicz. &#34;When we started out, the sector leading us higher was energy.&#34;</p><p>By the session&#39;s close, the biggest decliner among the S&amp;P&#39;s 11 major industry sectors was energy, down 1.6%.</p><p>The only sector gainers were consumer discretionary, up 0.8%, with Amazon.com    the S&amp;P&#39;s biggest boost from a single stock on the day, and communications services, up 0.4%, as Google was the S&amp;P&#39;s next biggest contributor.</p><p>The Dow Jones Industrial Average fell 222.84 points, or 0.67%, to 32,990.12, the S&amp;P 500 lost 26.09 points, or 0.63%, to 4,132.15 and the Nasdaq Composite dropped 49.74 points, or 0.41%, to 12,081.39.</p><p>All three indexes had rallied last week to snap a decades-long losing streak.</p><p>With Tuesday&#39;s decline, the S&amp;P and the Dow were essentially unchanged for May. The Nasdaq showed a monthly decline of 2%.</p><p>&#34;There&#39;re too many concerns at the moment for markets to do a sharp V-bottom,&#34; said Carol Schleif, deputy chief investment officer at BMO Family Office, who sees equities trading sideways for some time due to uncertainties including the Russia-Ukraine war, the global economy and inflation, as well as Fed policy.</p><p>&#34;A piece of it is energy prices because at the margin those really impact people&#39;s propensity to spend. People are really noticing the higher prices at the grocery store,&#34; she said.</p><p>Earlier in the day, data showed U.S. consumer confidence eased modestly in May amid persistently high inflation and rising rates, while a separate reading showed U.S. home price growth unexpectedly heated up to record levels in March.</p><p>Other key data due this week is the monthly non-farm payrolls numbers for cues on the labor market.</p><p>U.S.-listed shares of <a href=\"https://laohu8.com/S/AUY\">Yamana Gold Inc</a> climbed 3.7%after South African miner Gold Fields Ltd agreed to buy the Canadian miner in a $6.7 billion all-share deal.</p><p>Dexcom Inc closed up 3% after the glucose monitoring systems maker denied a report on merger talks with insulin pump maker Insulet Corp.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted four new 52-week highs and 29 new lows; the Nasdaq Composite recorded 53 new highs and 58 new lows.</p><p>On U.S. exchanges 15.52 billion shares changed hands on Tuesday, compared with the 20-day moving average of 13.25 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Pulls Back After Last Week's Rally With Inflation in Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Pulls Back After Last Week's Rally With Inflation in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-01 07:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street&#39;s three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.</p><p>After outperforming earlier in the session, the S&amp;P&#39;s energy sector lost ground after a report that some producers were exploring the idea of suspending Russia&#39;s participation in the OPEC+ production deal.</p><p>Federal Reserve policy was also top of mind for investors as U.S. President Joe Biden and Fed Chair Jerome Powell met on Tuesday to discuss inflation, which Biden said ahead of the meeting was his &#34;top priority.&#34;</p><p>This was after Fed Governor Christopher Waller said on Monday the U.S. central bank should be prepared to raise rates by a half percentage point at every meeting from now on until inflation is decisively curbed.</p><p>&#34;The market&#39;s trying to figure out the endgame for the Fed,&#34; said Jack Janasiewicz, portfolio manager at <a href=\"https://laohu8.com/S/NTXFY\">Natixis</a> Investment Management solutions.</p><p>And while lower commodity prices would be good news for equities in the longer term, the impact of the report about OPEC and Russia on the energy sector may have spooked the broader market a little on Tuesday.</p><p>&#34;That&#39;s the sort of thing that has the market on edge,&#34; said Janasiewicz. &#34;When we started out, the sector leading us higher was energy.&#34;</p><p>By the session&#39;s close, the biggest decliner among the S&amp;P&#39;s 11 major industry sectors was energy, down 1.6%.</p><p>The only sector gainers were consumer discretionary, up 0.8%, with Amazon.com    the S&amp;P&#39;s biggest boost from a single stock on the day, and communications services, up 0.4%, as Google was the S&amp;P&#39;s next biggest contributor.</p><p>The Dow Jones Industrial Average fell 222.84 points, or 0.67%, to 32,990.12, the S&amp;P 500 lost 26.09 points, or 0.63%, to 4,132.15 and the Nasdaq Composite dropped 49.74 points, or 0.41%, to 12,081.39.</p><p>All three indexes had rallied last week to snap a decades-long losing streak.</p><p>With Tuesday&#39;s decline, the S&amp;P and the Dow were essentially unchanged for May. The Nasdaq showed a monthly decline of 2%.</p><p>&#34;There&#39;re too many concerns at the moment for markets to do a sharp V-bottom,&#34; said Carol Schleif, deputy chief investment officer at BMO Family Office, who sees equities trading sideways for some time due to uncertainties including the Russia-Ukraine war, the global economy and inflation, as well as Fed policy.</p><p>&#34;A piece of it is energy prices because at the margin those really impact people&#39;s propensity to spend. People are really noticing the higher prices at the grocery store,&#34; she said.</p><p>Earlier in the day, data showed U.S. consumer confidence eased modestly in May amid persistently high inflation and rising rates, while a separate reading showed U.S. home price growth unexpectedly heated up to record levels in March.</p><p>Other key data due this week is the monthly non-farm payrolls numbers for cues on the labor market.</p><p>U.S.-listed shares of <a href=\"https://laohu8.com/S/AUY\">Yamana Gold Inc</a> climbed 3.7%after South African miner Gold Fields Ltd agreed to buy the Canadian miner in a $6.7 billion all-share deal.</p><p>Dexcom Inc closed up 3% after the glucose monitoring systems maker denied a report on merger talks with insulin pump maker Insulet Corp.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted four new 52-week highs and 29 new lows; the Nasdaq Composite recorded 53 new highs and 58 new lows.</p><p>On U.S. exchanges 15.52 billion shares changed hands on Tuesday, compared with the 20-day moving average of 13.25 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240375487","content_text":"Wall Street's three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.After outperforming earlier in the session, the S&P's energy sector lost ground after a report that some producers were exploring the idea of suspending Russia's participation in the OPEC+ production deal.Federal Reserve policy was also top of mind for investors as U.S. President Joe Biden and Fed Chair Jerome Powell met on Tuesday to discuss inflation, which Biden said ahead of the meeting was his \"top priority.\"This was after Fed Governor Christopher Waller said on Monday the U.S. central bank should be prepared to raise rates by a half percentage point at every meeting from now on until inflation is decisively curbed.\"The market's trying to figure out the endgame for the Fed,\" said Jack Janasiewicz, portfolio manager at Natixis Investment Management solutions.And while lower commodity prices would be good news for equities in the longer term, the impact of the report about OPEC and Russia on the energy sector may have spooked the broader market a little on Tuesday.\"That's the sort of thing that has the market on edge,\" said Janasiewicz. \"When we started out, the sector leading us higher was energy.\"By the session's close, the biggest decliner among the S&P's 11 major industry sectors was energy, down 1.6%.The only sector gainers were consumer discretionary, up 0.8%, with Amazon.com    the S&P's biggest boost from a single stock on the day, and communications services, up 0.4%, as Google was the S&P's next biggest contributor.The Dow Jones Industrial Average fell 222.84 points, or 0.67%, to 32,990.12, the S&P 500 lost 26.09 points, or 0.63%, to 4,132.15 and the Nasdaq Composite dropped 49.74 points, or 0.41%, to 12,081.39.All three indexes had rallied last week to snap a decades-long losing streak.With Tuesday's decline, the S&P and the Dow were essentially unchanged for May. The Nasdaq showed a monthly decline of 2%.\"There're too many concerns at the moment for markets to do a sharp V-bottom,\" said Carol Schleif, deputy chief investment officer at BMO Family Office, who sees equities trading sideways for some time due to uncertainties including the Russia-Ukraine war, the global economy and inflation, as well as Fed policy.\"A piece of it is energy prices because at the margin those really impact people's propensity to spend. People are really noticing the higher prices at the grocery store,\" she said.Earlier in the day, data showed U.S. consumer confidence eased modestly in May amid persistently high inflation and rising rates, while a separate reading showed U.S. home price growth unexpectedly heated up to record levels in March.Other key data due this week is the monthly non-farm payrolls numbers for cues on the labor market.U.S.-listed shares of Yamana Gold Inc climbed 3.7%after South African miner Gold Fields Ltd agreed to buy the Canadian miner in a $6.7 billion all-share deal.Dexcom Inc closed up 3% after the glucose monitoring systems maker denied a report on merger talks with insulin pump maker Insulet Corp.Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.The S&P 500 posted four new 52-week highs and 29 new lows; the Nasdaq Composite recorded 53 new highs and 58 new lows.On U.S. exchanges 15.52 billion shares changed hands on Tuesday, compared with the 20-day moving average of 13.25 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025092560,"gmtCreate":1653604599050,"gmtModify":1676535310175,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025092560","repostId":"2238856736","repostType":4,"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050046789,"gmtCreate":1654123108641,"gmtModify":1676535395672,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050046789","repostId":"1163757193","repostType":4,"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907771915,"gmtCreate":1660261651339,"gmtModify":1676532348168,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a><v-v data-views=\"1\"></v-v>upp!","listText":"<a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a><v-v data-views=\"1\"></v-v>upp!","text":"$AMD(AMD)$upp!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907771915","isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9053512198,"gmtCreate":1654561517414,"gmtModify":1676535468638,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053512198","repostId":"2241096104","repostType":4,"repost":{"id":"2241096104","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":1654558175,"share":"https://www.laohu8.com/m/news/2241096104?lang=&edition=full","pubTime":"2022-06-07 07:29","market":"us","language":"en","title":"SEC Closes In on Rules That Could Reshape How Stock Market Operates","url":"https://stock-news.laohu8.com/highlight/detail?id=2241096104","media":"Dow Jones","summary":"WASHINGTON -- The Securities and Exchange Commission is preparing to propose major changes to the st","content":"<html><head></head><body><p>WASHINGTON -- The Securities and Exchange Commission is preparing to propose major changes to the stock market&#39;s plumbing as soon as this fall.</p><p>Chairman Gary Gensler directed SEC staff last year to explore ways to make the stock market more efficient for small investors and public companies. While aspects of the effort are in varying stages of development, <a href=\"https://laohu8.com/S/AONE.U\">one</a> idea that has gained traction is to require brokerages to send most individual investors&#39; orders to be routed into auctions where trading firms compete to execute them, people familiar with the matter said.</p><p>SEC staffers have begun floating plans with market participants in recent weeks, and Mr. Gensler is planning to detail some of the potential changes in a speech Wednesday, these people added.</p><p>The most consequential change being discussed would affect the way trades are handled after an investor places a so-called market order with a broker to buy or sell a stock. Market orders, which account for the majority of individual investors&#39; trades, don&#39;t specify a minimum or maximum price the investor is willing to pay.</p><p>Mr. Gensler has said he wants to ensure that brokers execute orders at the best possible price for investors -- the highest price for when an investor is selling, or the lowest price if they are buying.</p><p>Current rules require brokers to perform &#34;reasonable diligence&#34; to determine the likely best market for executing a trade. Many brokers route orders to big electronic trading firms called wholesalers, including Citadel Securities or Virtu Financial Inc., rather than to exchanges such as the Nasdaq Stock Market, arguing that the wholesalers provide the best prices.</p><p>Some brokers, including Charles Schwab Corp. and <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets Inc., accept compensation from wholesalers for routing trades to their venues. Mr. Gensler has said this practice, known as payment for order flow, creates a conflict of interest and limits competition for individual orders.</p><p>Under the auctions being considered by the SEC, different firms would compete with each other to fill an individual investor&#39;s trade, according to people familiar with the agency&#39;s plans. Such a mechanism would fundamentally alter the business model of wholesalers, which can make more money by trading against small investors than they do on public exchanges, where they may find themselves trading with other sophisticated trading firms or institutional investors.</p><p>An SEC spokesman declined to comment.</p><p>A number of Wall Street firms pushed back forcefully last year when it became apparent that Mr. Gensler was targeting their business models. Wholesalers and brokers ramped up their lobbying and campaign spending in Washington and published their own plans for improving the stock market.</p><p>Virtu and Citadel Securities, in particular, have argued against the sort of changes the SEC is considering. They say the current system, including payment for order flow, has underpinned a broad reduction to trading costs that has made the stock market more accessible.</p><p>Douglas Cifu, chief executive of Virtu, said the order-by-order competition sought by Mr. Gensler could allow trading firms more discretion in choosing which trades they fill. This could end up being more profitable in the short term for wholesalers, he said, but wouldn&#39;t necessarily help investors.</p><p>&#34;The SEC should engage all market participants before proposing significant untested changes that would harm retail investors&#39; execution quality and reduce retail investors&#39; access to our capital markets,&#34; Mr. Cifu said.</p><p>A spokesman for Citadel Securities said that the firm looks forward to reviewing the SEC&#39;s proposals and working with the agency.</p><p>&#34;It is important to recognize that the current market structure has resulted in tighter spreads, greater transparency and meaningfully reduced costs for retail investors,&#34; the spokesman added.</p><p>The SEC commenced its review of market structure after the frenzied trading in GameStop Corp. and other meme stocks in early 2021 brought fresh scrutiny to the handling of individual investors&#39; trades.</p><p>After a year of internal deliberations, the agency has homed in on a narrowing set of proposals. If the SEC votes to release them for public comment later this year, they would have a path to implementation, as Democrats hold a majority of seats on the commission.</p><p>The agency is also considering creating a more-stringent version of the so-called best-execution rule that directs brokers to find the most favorable terms for their customers, two of the people said. The rule that brokers currently follow was written by the Financial Industry Regulatory Authority, an industry body overseen by the SEC.</p><p>The SEC is also weighing a proposal to allow stock exchanges to quote shares in increments of less than 1 cent. This could enable venues like Nasdaq or the New York Stock Exchange to better compete with wholesalers, which can beat the prices publicly displayed on exchanges by adding or subtracting hundredths of a penny to the price of a stock. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> people familiar with the matter said the agency is also considering an idea to harmonize the price increments, known as tick sizes, that are available on exchanges versus other venues.</p><p>In addition, SEC officials are aiming to reduce the maximum fee that exchanges can charge brokers to access their quotes, two of the people said. Like some of the other changes under consideration, such a move could encourage more orders to be sent to exchanges rather than to other venues.</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>SEC Closes In on Rules That Could Reshape How Stock Market Operates</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\">\nSEC Closes In on Rules That Could Reshape How Stock Market Operates\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\">2022-06-07 07:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WASHINGTON -- The Securities and Exchange Commission is preparing to propose major changes to the stock market&#39;s plumbing as soon as this fall.</p><p>Chairman Gary Gensler directed SEC staff last year to explore ways to make the stock market more efficient for small investors and public companies. While aspects of the effort are in varying stages of development, <a href=\"https://laohu8.com/S/AONE.U\">one</a> idea that has gained traction is to require brokerages to send most individual investors&#39; orders to be routed into auctions where trading firms compete to execute them, people familiar with the matter said.</p><p>SEC staffers have begun floating plans with market participants in recent weeks, and Mr. Gensler is planning to detail some of the potential changes in a speech Wednesday, these people added.</p><p>The most consequential change being discussed would affect the way trades are handled after an investor places a so-called market order with a broker to buy or sell a stock. Market orders, which account for the majority of individual investors&#39; trades, don&#39;t specify a minimum or maximum price the investor is willing to pay.</p><p>Mr. Gensler has said he wants to ensure that brokers execute orders at the best possible price for investors -- the highest price for when an investor is selling, or the lowest price if they are buying.</p><p>Current rules require brokers to perform &#34;reasonable diligence&#34; to determine the likely best market for executing a trade. Many brokers route orders to big electronic trading firms called wholesalers, including Citadel Securities or Virtu Financial Inc., rather than to exchanges such as the Nasdaq Stock Market, arguing that the wholesalers provide the best prices.</p><p>Some brokers, including Charles Schwab Corp. and <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets Inc., accept compensation from wholesalers for routing trades to their venues. Mr. Gensler has said this practice, known as payment for order flow, creates a conflict of interest and limits competition for individual orders.</p><p>Under the auctions being considered by the SEC, different firms would compete with each other to fill an individual investor&#39;s trade, according to people familiar with the agency&#39;s plans. Such a mechanism would fundamentally alter the business model of wholesalers, which can make more money by trading against small investors than they do on public exchanges, where they may find themselves trading with other sophisticated trading firms or institutional investors.</p><p>An SEC spokesman declined to comment.</p><p>A number of Wall Street firms pushed back forcefully last year when it became apparent that Mr. Gensler was targeting their business models. Wholesalers and brokers ramped up their lobbying and campaign spending in Washington and published their own plans for improving the stock market.</p><p>Virtu and Citadel Securities, in particular, have argued against the sort of changes the SEC is considering. They say the current system, including payment for order flow, has underpinned a broad reduction to trading costs that has made the stock market more accessible.</p><p>Douglas Cifu, chief executive of Virtu, said the order-by-order competition sought by Mr. Gensler could allow trading firms more discretion in choosing which trades they fill. This could end up being more profitable in the short term for wholesalers, he said, but wouldn&#39;t necessarily help investors.</p><p>&#34;The SEC should engage all market participants before proposing significant untested changes that would harm retail investors&#39; execution quality and reduce retail investors&#39; access to our capital markets,&#34; Mr. Cifu said.</p><p>A spokesman for Citadel Securities said that the firm looks forward to reviewing the SEC&#39;s proposals and working with the agency.</p><p>&#34;It is important to recognize that the current market structure has resulted in tighter spreads, greater transparency and meaningfully reduced costs for retail investors,&#34; the spokesman added.</p><p>The SEC commenced its review of market structure after the frenzied trading in GameStop Corp. and other meme stocks in early 2021 brought fresh scrutiny to the handling of individual investors&#39; trades.</p><p>After a year of internal deliberations, the agency has homed in on a narrowing set of proposals. If the SEC votes to release them for public comment later this year, they would have a path to implementation, as Democrats hold a majority of seats on the commission.</p><p>The agency is also considering creating a more-stringent version of the so-called best-execution rule that directs brokers to find the most favorable terms for their customers, two of the people said. The rule that brokers currently follow was written by the Financial Industry Regulatory Authority, an industry body overseen by the SEC.</p><p>The SEC is also weighing a proposal to allow stock exchanges to quote shares in increments of less than 1 cent. This could enable venues like Nasdaq or the New York Stock Exchange to better compete with wholesalers, which can beat the prices publicly displayed on exchanges by adding or subtracting hundredths of a penny to the price of a stock. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> people familiar with the matter said the agency is also considering an idea to harmonize the price increments, known as tick sizes, that are available on exchanges versus other venues.</p><p>In addition, SEC officials are aiming to reduce the maximum fee that exchanges can charge brokers to access their quotes, two of the people said. Like some of the other changes under consideration, such a move could encourage more orders to be sent to exchanges rather than to other venues.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2241096104","content_text":"WASHINGTON -- The Securities and Exchange Commission is preparing to propose major changes to the stock market's plumbing as soon as this fall.Chairman Gary Gensler directed SEC staff last year to explore ways to make the stock market more efficient for small investors and public companies. While aspects of the effort are in varying stages of development, one idea that has gained traction is to require brokerages to send most individual investors' orders to be routed into auctions where trading firms compete to execute them, people familiar with the matter said.SEC staffers have begun floating plans with market participants in recent weeks, and Mr. Gensler is planning to detail some of the potential changes in a speech Wednesday, these people added.The most consequential change being discussed would affect the way trades are handled after an investor places a so-called market order with a broker to buy or sell a stock. Market orders, which account for the majority of individual investors' trades, don't specify a minimum or maximum price the investor is willing to pay.Mr. Gensler has said he wants to ensure that brokers execute orders at the best possible price for investors -- the highest price for when an investor is selling, or the lowest price if they are buying.Current rules require brokers to perform \"reasonable diligence\" to determine the likely best market for executing a trade. Many brokers route orders to big electronic trading firms called wholesalers, including Citadel Securities or Virtu Financial Inc., rather than to exchanges such as the Nasdaq Stock Market, arguing that the wholesalers provide the best prices.Some brokers, including Charles Schwab Corp. and Robinhood Markets Inc., accept compensation from wholesalers for routing trades to their venues. Mr. Gensler has said this practice, known as payment for order flow, creates a conflict of interest and limits competition for individual orders.Under the auctions being considered by the SEC, different firms would compete with each other to fill an individual investor's trade, according to people familiar with the agency's plans. Such a mechanism would fundamentally alter the business model of wholesalers, which can make more money by trading against small investors than they do on public exchanges, where they may find themselves trading with other sophisticated trading firms or institutional investors.An SEC spokesman declined to comment.A number of Wall Street firms pushed back forcefully last year when it became apparent that Mr. Gensler was targeting their business models. Wholesalers and brokers ramped up their lobbying and campaign spending in Washington and published their own plans for improving the stock market.Virtu and Citadel Securities, in particular, have argued against the sort of changes the SEC is considering. They say the current system, including payment for order flow, has underpinned a broad reduction to trading costs that has made the stock market more accessible.Douglas Cifu, chief executive of Virtu, said the order-by-order competition sought by Mr. Gensler could allow trading firms more discretion in choosing which trades they fill. This could end up being more profitable in the short term for wholesalers, he said, but wouldn't necessarily help investors.\"The SEC should engage all market participants before proposing significant untested changes that would harm retail investors' execution quality and reduce retail investors' access to our capital markets,\" Mr. Cifu said.A spokesman for Citadel Securities said that the firm looks forward to reviewing the SEC's proposals and working with the agency.\"It is important to recognize that the current market structure has resulted in tighter spreads, greater transparency and meaningfully reduced costs for retail investors,\" the spokesman added.The SEC commenced its review of market structure after the frenzied trading in GameStop Corp. and other meme stocks in early 2021 brought fresh scrutiny to the handling of individual investors' trades.After a year of internal deliberations, the agency has homed in on a narrowing set of proposals. If the SEC votes to release them for public comment later this year, they would have a path to implementation, as Democrats hold a majority of seats on the commission.The agency is also considering creating a more-stringent version of the so-called best-execution rule that directs brokers to find the most favorable terms for their customers, two of the people said. The rule that brokers currently follow was written by the Financial Industry Regulatory Authority, an industry body overseen by the SEC.The SEC is also weighing a proposal to allow stock exchanges to quote shares in increments of less than 1 cent. This could enable venues like Nasdaq or the New York Stock Exchange to better compete with wholesalers, which can beat the prices publicly displayed on exchanges by adding or subtracting hundredths of a penny to the price of a stock. Two people familiar with the matter said the agency is also considering an idea to harmonize the price increments, known as tick sizes, that are available on exchanges versus other venues.In addition, SEC officials are aiming to reduce the maximum fee that exchanges can charge brokers to access their quotes, two of the people said. Like some of the other changes under consideration, such a move could encourage more orders to be sent to exchanges rather than to other venues.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988261559,"gmtCreate":1666760350871,"gmtModify":1676537802363,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"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/9988261559","repostId":"1191423536","repostType":2,"repost":{"id":"1191423536","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663289328,"share":"https://www.laohu8.com/m/news/1191423536?lang=&edition=full","pubTime":"2022-09-16 08:48","market":"sg","language":"en","title":"Singapore Stocks To Watch: Aims Apac Reit, GSH Corporation","url":"https://stock-news.laohu8.com/highlight/detail?id=1191423536","media":"Tiger Newspress","summary":"THE following companies saw new developments that may affect trading of their securities on Friday (","content":"<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Friday (Sep 16):</p><p><a href=\"https://laohu8.com/S/O5RU.SI\">Aims Apac Reit</a>: AIMS Apac Real Estate Investment Trust (AA Reit) has partnered SP Group to install rooftop solar photovoltaic (PV) systems across 6 of its industrial, logistics and warehouse properties by December 2023.</p><p>A total of 20,157 rooftop solar panels spanning 5.2 hectares will be deployed and maintained by SP Group at the following AA Reit properties: 20 Gul Way, 27 Penjuru Lane, 30 Tuas West Road, 103 Defu Lane, 8 &amp; 10 Pandan Crescent and 8 Tuas Avenue 20.</p><p>In a joint statement on Friday (Sep 16), AA Reit and SP Group said the combined solar PV system will have a total installed capacity of 10 megawatt-peak, making it one of the largest rooftop solar installations by any Singapore-listed real estate investment trust.</p><p><a href=\"https://laohu8.com/S/BDX.SI\">GSH Corporation</a>: GSH Corporation has closed its first initial issue of digital commercial paper and raised S$19.54 million in gross proceeds, the mainboard-listed player said in a regulatory filing on Thursday (Sep 15).</p><p>The issue, launched under a S$200 million multi-tranche unsecured commercial paper facility programme and to be listed on the ADDX Platform, offers an interest rate of 4.10 per cent per annum and matures 3 months from the date of its listing.</p><p>Sam Goi Seng Hui, Gilbert Ee Guan Hui and Juliette Lee Hwee Khoon were among the subscribers of the issue with their holdings of S$11.82 million amounting to 60.5 per cent of the issue.</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>Singapore Stocks To Watch: Aims Apac Reit, GSH Corporation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks To Watch: Aims Apac Reit, GSH Corporation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-16 08:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Friday (Sep 16):</p><p><a href=\"https://laohu8.com/S/O5RU.SI\">Aims Apac Reit</a>: AIMS Apac Real Estate Investment Trust (AA Reit) has partnered SP Group to install rooftop solar photovoltaic (PV) systems across 6 of its industrial, logistics and warehouse properties by December 2023.</p><p>A total of 20,157 rooftop solar panels spanning 5.2 hectares will be deployed and maintained by SP Group at the following AA Reit properties: 20 Gul Way, 27 Penjuru Lane, 30 Tuas West Road, 103 Defu Lane, 8 &amp; 10 Pandan Crescent and 8 Tuas Avenue 20.</p><p>In a joint statement on Friday (Sep 16), AA Reit and SP Group said the combined solar PV system will have a total installed capacity of 10 megawatt-peak, making it one of the largest rooftop solar installations by any Singapore-listed real estate investment trust.</p><p><a href=\"https://laohu8.com/S/BDX.SI\">GSH Corporation</a>: GSH Corporation has closed its first initial issue of digital commercial paper and raised S$19.54 million in gross proceeds, the mainboard-listed player said in a regulatory filing on Thursday (Sep 15).</p><p>The issue, launched under a S$200 million multi-tranche unsecured commercial paper facility programme and to be listed on the ADDX Platform, offers an interest rate of 4.10 per cent per annum and matures 3 months from the date of its listing.</p><p>Sam Goi Seng Hui, Gilbert Ee Guan Hui and Juliette Lee Hwee Khoon were among the subscribers of the issue with their holdings of S$11.82 million amounting to 60.5 per cent of the issue.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BDX.SI":"群策环球控股","O5RU.SI":"宝泽安保资本工业房地产信托"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191423536","content_text":"THE following companies saw new developments that may affect trading of their securities on Friday (Sep 16):Aims Apac Reit: AIMS Apac Real Estate Investment Trust (AA Reit) has partnered SP Group to install rooftop solar photovoltaic (PV) systems across 6 of its industrial, logistics and warehouse properties by December 2023.A total of 20,157 rooftop solar panels spanning 5.2 hectares will be deployed and maintained by SP Group at the following AA Reit properties: 20 Gul Way, 27 Penjuru Lane, 30 Tuas West Road, 103 Defu Lane, 8 & 10 Pandan Crescent and 8 Tuas Avenue 20.In a joint statement on Friday (Sep 16), AA Reit and SP Group said the combined solar PV system will have a total installed capacity of 10 megawatt-peak, making it one of the largest rooftop solar installations by any Singapore-listed real estate investment trust.GSH Corporation: GSH Corporation has closed its first initial issue of digital commercial paper and raised S$19.54 million in gross proceeds, the mainboard-listed player said in a regulatory filing on Thursday (Sep 15).The issue, launched under a S$200 million multi-tranche unsecured commercial paper facility programme and to be listed on the ADDX Platform, offers an interest rate of 4.10 per cent per annum and matures 3 months from the date of its listing.Sam Goi Seng Hui, Gilbert Ee Guan Hui and Juliette Lee Hwee Khoon were among the subscribers of the issue with their holdings of S$11.82 million amounting to 60.5 per cent of the issue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025094631,"gmtCreate":1653604789823,"gmtModify":1676535310280,"author":{"id":"4099100264698650","authorId":"4099100264698650","name":"mangokun","avatar":"https://static.tigerbbs.com/22ed534b86f27d53ee50db95a899c30d","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false},"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/9025094631","repostId":"2238722145","repostType":4,"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}