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2023-02-28

Nicely explained

Google Is The Most-Hated Tech Stock On Wall Street - Time To Buy

2023-02-12

[Surprised]

Polaris Capital Management LLC Invests $40.21 Million in Gilead ...

2023-02-12

Cold🥶

华尔街投资者如履薄冰，目光紧盯周二通胀数据

2023-01-29

Where is ChatGPT

Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock

2023-01-29

Indeed, impossible to accidentally missed it

Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock

2023-01-14

왜 그래?

What to Know as Nancy Pelosi Sells These 5 Stocks

2023-01-11

Just an incident

Airline Stocks Fell Premarket After FAA Says All U.S. Flights Grounded Over Computer Outage

2023-01-10

👫👫👫

@时代财经:80後掌舵，龍湖地產老兵邵明曉退休，兩度登榜福布斯中國最佳CEO

2023-01-08

Indeed, the logic of Tesla is not right to me

Tesla Owners in China Protest Against Surprise Price Cuts They Missed

2023-01-07

I don't think so

Dethroned "SPAC King" Thinks Musk Will Take Starlink Public This Year

2023-01-03

Try to make a good time

Piedmont Lithum Stock Jumps 9% Premarket on News of New Lithium Delivery Deal With Tesla

2023-01-01

2023

2022 Recap: How the S&P 500 Sectors Have Performed?

2022-12-28

250

Microsoft: Undervalued With Outstanding Cloud Growth

2022-12-26

[Miser]

Here’s Why Apple Stock Will Significantly Recover in 2023

2022-12-25

$Sanofi SA(SNY)$

2022-12-25

being driven by a collection of individuals who have pushed them to that "next" level. - indeed

Apple, Google And Amazon: How Big Tech's Sports Splurge Is More Like A Game Of Inches

2022-12-23

$NVAX 20221223 12.5 PUT$ $NVAX 20221223 12.5 PUT$

2022-12-23

Not only

Tesla Is Down 64% in 2022 Which Has Some Investors Talking Value

2022-12-21

Definitely beyond

More Likely to 5x First: Beyond Meat or Coupang

2022-12-12

Microsoft

Microsoft, Visa, Lam Research and 13 Oher Stocks That Can Survive a Triple Whammy

Go to Tiger App to see more news

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explained","listText":"Nicely explained","text":"Nicely explained","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957765245","repostId":"1173669108","repostType":2,"repost":{"id":"1173669108","pubTimestamp":1677547053,"share":"https://ttm.financial/m/news/1173669108?lang=&edition=fundamental","pubTime":"2023-02-28 09:17","market":"us","language":"en","title":"Google Is The Most-Hated Tech Stock On Wall Street - Time To Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1173669108","media":"Seeking Alpha","summary":"SummaryGoogle initially got swept up in the late-year AI minibubble, but now investors have dropped ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Google initially got swept up in the late-year AI minibubble, but now investors have dropped the stock like it&#39;s hot after a bungled product demonstration.</li><li>Even Meta is again more expensive than Google on a forward P/E basis.</li><li>Are investors overreacting to fears that Google will somehow lose out on the next big thing? Yes.</li><li>Do sell-side analysts get paid hundreds of thousands of dollars per year to publish their hot takes on AI and the metaverse? I&#39;m afraid so.</li><li>Should you buy Google for a below-market PE? Yes.</li></ul><p><img src=\"https://static.tigerbbs.com/5ba99b7a2b3a447a0c2f4f4998d33572\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Don&#39;t look now, but Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has taken the crown from Meta (META) as Wall Street&#39;s least-favorite big-tech stock. After much ado about ChatGPT in November and December of last year, Google unveiled its own AIcompetitor at a press conference in Paris. And, well, they did a live demo andthe first answer was wrong. Afterward, everyone dumped Google stock – erasing nearly $100 billion in market value in one day.<i>Lord of the Flies</i>meets<i>Silicon Valley</i>.</p><p>Google is now about flat YTD. So was this an overreaction, or was the selloff justified?</p><p><img src=\"https://static.tigerbbs.com/fb960024a04e13ceb5353b6cd8693465\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><h2>Google: Down 20% For No Good Reason</h2><p>I think we have a clear argument here that the 20% February selloff in Google stock was an overreaction. Microsoft&#39;s (MSFT) investment in ChatGPT gives the company a ton of optionality, but when youzoom out, neither of these chatbots is infallible. When ChatGPT first came out,reporters delightedin getting it to say things that were somewhat racist, to give instructions on crime, and to just get the bot to give plain incorrect information.</p><ul><li>What Microsoft did that was clever was toinvest some time afterOpenAI had made the product publicly available, therefore dodging being associated with the initial media controversy.</li><li>At least for me, it&#39;s tough to say whether Google&#39;s Bard product is objectively worse thanChatGPT,and even if so, if they can&#39;t improve it. We&#39;re talking about hundreds of billions of dollars in market cap erased because somebody at Google rushed a product demo.</li><li>Whoever botched the presentation in Paris is likely to have their career ruined publicly and/or privately. But does that justifya $100 billion selloffin one day for errors no worse than I&#39;ve personally experienced with ChatGPT? Heck no.</li><li>Google owns all of Bard, whereas Microsoft only owns 49% of the home run payoff of ChatGPT (Microsoft gets a higher percentage on the first ~$10 billion). We don&#39;t know how much Google paid to build Bard, but we do know that AIcosts much more to runthan Google search does, so it&#39;s nice to get the full profit from it rather than a fraction.</li><li>Investors&#39; current thinking strikes me as incredibly zero-sum about AI. AI isn&#39;t some sort of poker game that Google and Microsoft are playing heads-up for billions of dollars. The real economy rarely works like that! There&#39;s plenty of room for both companies to monetize AI, and I&#39;d be investing in both of them for the right price. The likely losers from AI are not the companies investing billions in R&amp;D around it– they&#39;re more likely old-school businesses that don&#39;t care about AI and aren&#39;t capable of recognizing the potential. People have asked me how I feel about being replaced by AI in a couple of years as a writer, and after playing with ChatGPT and seeing what it writes, I just laugh. The hype train over AI is causing people to display a lot of black-and-white thinking, FOMO, and all-around irrational behavior.Recent search data compiledby BofA backs up the idea that there is plenty of room for both Google and Microsoft in the AI space.</li><li>How can Google be flat/down while Nvidia (NVDA) is up 65% this year on identical AI hype? Even Microsoft is up less than 5%. The market is telling us some very contradictory stuff here and somebody is wrong. My vote would be that Nvidia longs are overly optimistic, while Google longs are too pessimistic.</li></ul><h2>Remember The Metaverse?</h2><p>Lest we forget, the company formerly known as Facebookchanged its nameto Meta in 2021. They apparently learned from the best, because Google is officially named Alphabet.</p><p>Meta held press conferences and invested billions of dollars into the new project. Reading the mainstream media at the time subjected you to saturation coverage of this new metaverse and how you needed to be ready for it. Never behind any heavily hyped trend, sell-side research analysts soon published lists of the top metaverse stocks to buy. But ultimately, billions of dollars were spent in vain, and Meta stock tumbled from nearly $400 per share to under $100.</p><p><img src=\"https://static.tigerbbs.com/79207fe59e6d02a4bc3852130668068e\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>Most investors likely didn&#39;t notice how expensive Meta was at the peak or how cheap it was at the bottom. However, Meta transformed from a growth stock to a value stock, going from about a 25x PE to under 10x at the bottom.</p><p><img src=\"https://static.tigerbbs.com/3d15d252200fbbf1c0920400c6b5cb40\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>What strikes me here is the similarities to Google&#39;s present situation. There are some differences too – Meta invested billions in an idea a lot of its shareholders thought was dumb, and those shareholders only came around when Meta agreed to start cutting costs and focus on its core businesses. Founder/CEO Mark Zuckerberg has firm control of Meta, if he wanted to tune out shareholders and invest all of the profit in his pet projects it would have been extremely difficult for shareholders to stop without years of lawsuits. If you had some faith here, Meta was worth a shot when the forward PE went under 12-13x, and under 10x it was an easy play that things wouldn&#39;t get much worse. I actually did throw out a recommendation for Meta on theMillennial Investor Podcastat the time–and I recently went back on and doubled downon my buy recommendation for Google. Ironically, Meta is now more expensive than Google on a forward PE basis.</p><p>For Google here, the similarities to last year&#39;s Meta also are clear. We have a heavily hyped new trend, we have a lot of R&amp;D money being invested, and we have the stock trading for a below-market PE due to investor mistrust in management. The metaverse was a silly idea, but buying Meta for a 10x forward PE clearly wasn&#39;t. This year, AI may not immediately live up to the media hype, but Google for a ~17x forward PE qualifies as growth at a more-than-reasonable price.</p><p><img src=\"https://static.tigerbbs.com/dc564834a5ce096b6bc56defcad399a8\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>We&#39;re almost back to pre-COVID highs in Google, despite solid earnings growth. Google&#39;searnings are off of the COVID peak, but its core businesses are performing well.</p><p><img src=\"https://static.tigerbbs.com/d89418d92107f842c441988980c09567\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>It&#39;s probably too soon to call Google a slam dunk value buy here, but what this does show is that the stock decline has been driven largely by investor sentiment and not by Google&#39;s business performance. Sentiment could easily get worse, but you&#39;re getting plenty of long-term compensation for buying Google at today&#39;s prices. Far from being an AI victim, Google looks well positioned for whatever the future of AI may bring, and the lack of positive investor sentiment around this makes it even better to buy. You can buy Google here comfortably, and if the forward PE gets anywhere near where Meta&#39;s did, you can ramp up your purchases.</p><p>Finally, my obligatory share class discussion for Google. Class A stock (GOOGL) is slightly superior and 40 cents cheaper than Class C (GOOG). Therefore, buy class A. Maybe markets aren&#39;t so efficient after all?</p><h2>Bottom Line</h2><p>Google is not a recession-proof stock, they&#39;re not guaranteed to crush the competition in the AI space, and the company isn&#39;t yet as cheap as Meta was during their 2022 debacle. But Google is a great business for a good price, and GOOGL stock offers great long-term compensation for those who buy the stock. Even after some early stumbles, AI is much more of an opportunity than a threat to Google. You can comfortably buy Google stock here, and you can buy more if it goes lower. In a few years, you&#39;ll almost certainly be happy you did. Microsoft and Meta also are buys if their shares fall back 15%-20%, but Google is currently the best bargain in large-cap tech.</p></body></html>","source":"seekingalpha_fund","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>Google Is The Most-Hated Tech Stock On Wall Street - Time To Buy</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\">\nGoogle Is The Most-Hated Tech Stock On Wall Street - Time To Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 09:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4582442-google-is-the-most-hated-tech-stock-on-wall-street-time-to-buy><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGoogle initially got swept up in the late-year AI minibubble, but now investors have dropped the stock like it's hot after a bungled product demonstration.Even Meta is again more expensive than...</p>\n\n<a href=\"https://seekingalpha.com/article/4582442-google-is-the-most-hated-tech-stock-on-wall-street-time-to-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4582442-google-is-the-most-hated-tech-stock-on-wall-street-time-to-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173669108","content_text":"SummaryGoogle initially got swept up in the late-year AI minibubble, but now investors have dropped the stock like it's hot after a bungled product demonstration.Even Meta is again more expensive than Google on a forward P/E basis.Are investors overreacting to fears that Google will somehow lose out on the next big thing? Yes.Do sell-side analysts get paid hundreds of thousands of dollars per year to publish their hot takes on AI and the metaverse? I'm afraid so.Should you buy Google for a below-market PE? Yes.Don't look now, but Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has taken the crown from Meta (META) as Wall Street's least-favorite big-tech stock. After much ado about ChatGPT in November and December of last year, Google unveiled its own AIcompetitor at a press conference in Paris. And, well, they did a live demo andthe first answer was wrong. Afterward, everyone dumped Google stock – erasing nearly $100 billion in market value in one day.Lord of the FliesmeetsSilicon Valley.Google is now about flat YTD. So was this an overreaction, or was the selloff justified?Google: Down 20% For No Good ReasonI think we have a clear argument here that the 20% February selloff in Google stock was an overreaction. Microsoft's (MSFT) investment in ChatGPT gives the company a ton of optionality, but when youzoom out, neither of these chatbots is infallible. When ChatGPT first came out,reporters delightedin getting it to say things that were somewhat racist, to give instructions on crime, and to just get the bot to give plain incorrect information.What Microsoft did that was clever was toinvest some time afterOpenAI had made the product publicly available, therefore dodging being associated with the initial media controversy.At least for me, it's tough to say whether Google's Bard product is objectively worse thanChatGPT,and even if so, if they can't improve it. We're talking about hundreds of billions of dollars in market cap erased because somebody at Google rushed a product demo.Whoever botched the presentation in Paris is likely to have their career ruined publicly and/or privately. But does that justifya $100 billion selloffin one day for errors no worse than I've personally experienced with ChatGPT? Heck no.Google owns all of Bard, whereas Microsoft only owns 49% of the home run payoff of ChatGPT (Microsoft gets a higher percentage on the first ~$10 billion). We don't know how much Google paid to build Bard, but we do know that AIcosts much more to runthan Google search does, so it's nice to get the full profit from it rather than a fraction.Investors' current thinking strikes me as incredibly zero-sum about AI. AI isn't some sort of poker game that Google and Microsoft are playing heads-up for billions of dollars. The real economy rarely works like that! There's plenty of room for both companies to monetize AI, and I'd be investing in both of them for the right price. The likely losers from AI are not the companies investing billions in R&D around it– they're more likely old-school businesses that don't care about AI and aren't capable of recognizing the potential. People have asked me how I feel about being replaced by AI in a couple of years as a writer, and after playing with ChatGPT and seeing what it writes, I just laugh. The hype train over AI is causing people to display a lot of black-and-white thinking, FOMO, and all-around irrational behavior.Recent search data compiledby BofA backs up the idea that there is plenty of room for both Google and Microsoft in the AI space.How can Google be flat/down while Nvidia (NVDA) is up 65% this year on identical AI hype? Even Microsoft is up less than 5%. The market is telling us some very contradictory stuff here and somebody is wrong. My vote would be that Nvidia longs are overly optimistic, while Google longs are too pessimistic.Remember The Metaverse?Lest we forget, the company formerly known as Facebookchanged its nameto Meta in 2021. They apparently learned from the best, because Google is officially named Alphabet.Meta held press conferences and invested billions of dollars into the new project. Reading the mainstream media at the time subjected you to saturation coverage of this new metaverse and how you needed to be ready for it. Never behind any heavily hyped trend, sell-side research analysts soon published lists of the top metaverse stocks to buy. But ultimately, billions of dollars were spent in vain, and Meta stock tumbled from nearly $400 per share to under $100.Data byYChartsMost investors likely didn't notice how expensive Meta was at the peak or how cheap it was at the bottom. However, Meta transformed from a growth stock to a value stock, going from about a 25x PE to under 10x at the bottom.Data byYChartsWhat strikes me here is the similarities to Google's present situation. There are some differences too – Meta invested billions in an idea a lot of its shareholders thought was dumb, and those shareholders only came around when Meta agreed to start cutting costs and focus on its core businesses. Founder/CEO Mark Zuckerberg has firm control of Meta, if he wanted to tune out shareholders and invest all of the profit in his pet projects it would have been extremely difficult for shareholders to stop without years of lawsuits. If you had some faith here, Meta was worth a shot when the forward PE went under 12-13x, and under 10x it was an easy play that things wouldn't get much worse. I actually did throw out a recommendation for Meta on theMillennial Investor Podcastat the time–and I recently went back on and doubled downon my buy recommendation for Google. Ironically, Meta is now more expensive than Google on a forward PE basis.For Google here, the similarities to last year's Meta also are clear. We have a heavily hyped new trend, we have a lot of R&D money being invested, and we have the stock trading for a below-market PE due to investor mistrust in management. The metaverse was a silly idea, but buying Meta for a 10x forward PE clearly wasn't. This year, AI may not immediately live up to the media hype, but Google for a ~17x forward PE qualifies as growth at a more-than-reasonable price.Data byYChartsWe're almost back to pre-COVID highs in Google, despite solid earnings growth. Google'searnings are off of the COVID peak, but its core businesses are performing well.Data byYChartsIt's probably too soon to call Google a slam dunk value buy here, but what this does show is that the stock decline has been driven largely by investor sentiment and not by Google's business performance. Sentiment could easily get worse, but you're getting plenty of long-term compensation for buying Google at today's prices. Far from being an AI victim, Google looks well positioned for whatever the future of AI may bring, and the lack of positive investor sentiment around this makes it even better to buy. You can buy Google here comfortably, and if the forward PE gets anywhere near where Meta's did, you can ramp up your purchases.Finally, my obligatory share class discussion for Google. Class A stock (GOOGL) is slightly superior and 40 cents cheaper than Class C (GOOG). Therefore, buy class A. Maybe markets aren't so efficient after all?Bottom LineGoogle is not a recession-proof stock, they're not guaranteed to crush the competition in the AI space, and the company isn't yet as cheap as Meta was during their 2022 debacle. But Google is a great business for a good price, and GOOGL stock offers great long-term compensation for those who buy the stock. Even after some early stumbles, AI is much more of an opportunity than a threat to Google. You can comfortably buy Google stock here, and you can buy more if it goes lower. In a few years, you'll almost certainly be happy you did. Microsoft and Meta also are buys if their shares fall back 15%-20%, but Google is currently the best bargain in large-cap tech.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954810427,"gmtCreate":1676215507169,"gmtModify":1676215510611,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954810427","repostId":"2310675849","repostType":2,"repost":{"id":"2310675849","pubTimestamp":1676213243,"share":"https://ttm.financial/m/news/2310675849?lang=&edition=fundamental","pubTime":"2023-02-12 22:47","market":"hk","language":"en","title":"Polaris Capital Management LLC Invests $40.21 Million in Gilead ...","url":"https://stock-news.laohu8.com/highlight/detail?id=2310675849","media":"MarketBeat","summary":"Polaris Capital Management LLC Invests $40.21 Million in Gilead ...","content":"<div>\n<p>Polaris Capital Management LLC Invests $40.21 Million in Gilead ...</p>\n\n<a href=\"https://news.google.com/rss/articles/CBMiTGh0dHBzOi8vd3d3Lm1hcmtldGJlYXQuY29tL2luc3RhbnQtYWxlcnRzL25hc2RhcS1naWxkLXNlYy1maWxpbmctMjAyMy0wMi0xMi_SAQA?oc=5\">Web Link</a>\n\n</div>\n","source":"redbox_crawler","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>Polaris Capital Management LLC Invests $40.21 Million in Gilead ...</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\">\nPolaris Capital Management LLC Invests $40.21 Million in Gilead ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-12 22:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://news.google.com/rss/articles/CBMiTGh0dHBzOi8vd3d3Lm1hcmtldGJlYXQuY29tL2luc3RhbnQtYWxlcnRzL25hc2RhcS1naWxkLXNlYy1maWxpbmctMjAyMy0wMi0xMi_SAQA?oc=5><strong>MarketBeat</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Polaris Capital Management LLC Invests $40.21 Million in Gilead ...</p>\n\n<a href=\"https://news.google.com/rss/articles/CBMiTGh0dHBzOi8vd3d3Lm1hcmtldGJlYXQuY29tL2luc3RhbnQtYWxlcnRzL25hc2RhcS1naWxkLXNlYy1maWxpbmctMjAyMy0wMi0xMi_SAQA?oc=5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4568":"美国抗疫概念","BK4578":"CAR-T","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0889565916.HKD":"FRANKLIN BIOTECHNOLOGY DISCOVERY \"A\" (HKD) ACC","PII":"北极星","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","GILD":"吉利德科学","BK4583":"猴痘概念","BK4190":"消闲用品","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC","LU0320765992.SGD":"FTIF - Franklin Biotechnology Discovery A Acc SGD","BK4532":"文艺复兴科技持仓","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0109394709.USD":"富兰克林生物科技新领域基金A (acc)","BK4585":"ETF&股票定投概念","LU0058720904.USD":"联博国际健康护理基金A","BK4139":"生物科技","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4566":"资本集团"},"source_url":"https://news.google.com/rss/articles/CBMiTGh0dHBzOi8vd3d3Lm1hcmtldGJlYXQuY29tL2luc3RhbnQtYWxlcnRzL25hc2RhcS1naWxkLXNlYy1maWxpbmctMjAyMy0wMi0xMi_SAQA?oc=5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2310675849","content_text":"Polaris Capital Management LLC Invests $40.21 Million in Gilead ...","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954810545,"gmtCreate":1676215490188,"gmtModify":1676215493797,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Cold🥶","listText":"Cold🥶","text":"Cold🥶","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954810545","repostId":"2310967873","repostType":2,"repost":{"id":"2310967873","pubTimestamp":1676214240,"share":"https://ttm.financial/m/news/2310967873?lang=&edition=fundamental","pubTime":"2023-02-12 23:04","market":"hk","language":"zh","title":"华尔街投资者如履薄冰，目光紧盯周二通胀数据","url":"https://stock-news.laohu8.com/highlight/detail?id=2310967873","media":"环球市场播报","summary":"华尔街投资者正在支付更高的价格，以防本周将公布关键通胀数据导致股市下跌。预计通胀放缓不会像美联储希望看到的那样。　　周二将公布消费者价格指数报告，预计1月份CPI年涨幅放缓至6.2%。核心CPI预计将环比上升0.4%，较上年同期上升5.5%。　　但上个月汽油和二手车价格的意外上涨可能会中断持续数月的通胀放缓趋势，这一趋势促使标普500指数从10月份的低点反弹了14%。","content":"<html><body><div>\n<div><img src=\"http://n.sinaimg.cn/finance/transform/117/w550h367/20230212/1ee6-e66001627ad93b478c2b5227ca7fe4db.jpg\"/></div>\n<p>　　华尔街投资者正在支付更高的价格，以防本周将公布关键通胀数据导致股市下跌。预计通胀放缓不会像美联储希望看到的那样。</p>\n<p>　　周二将公布消费者价格指数（CPI）报告，预计1月份CPI年涨幅放缓至6.2%。核心CPI预计将环比上升0.4%，较上年同期上升5.5%。</p>\n<p>　　但上个月汽油和二手车价格的意外上涨可能会中断持续数月的通胀放缓趋势，这一趋势促使标普500指数从10月份的低点反弹了14%。</p>\n<p>　　不足为奇的是，去年CPI数据发布时，交易市场非常动荡，标普500指数在12个发布日中有7个下跌。数据显示，在过去六个月里，标普500指数在CPI公布当天的平均上下波动约2.6%，接近2009年以来的最高水平。</p>\n<p>　　交易员们仍然记得去年9月13日的消费者价格报告，该报告导致标普500指数暴跌4.3%，创下自2020年3月以来最糟糕的CPI交易日。</p>\n<p>　　分析师表示：“只要美联储处于鹰派模式，波动性就将保持坚挺”“因此，如果CPI高于预期，市场可能会抛售。”</p>\n<p>　　但数据表示，美股对过去两个月好于预期的CPI数据反应相对平淡，表明美国股市可能已经消化了通胀放缓的影响。因此，如果数据进一步放缓，2023年CPI整体波动的天数可能会减少。</p>\n<p>　　现实情况是，至少就目前而言投资者不必担心，因为任何价格上涨预计都是暂时的。问题是，投资者以前也听说过这种说法。如果劳动力市场使工资增长保持在高位，并阻止通胀像政策制定者希望的那样快速下降，美联储可能会比市场预期的更积极地加息——或将利率维持在高位的时间更长。</p>\n<p>　　“市场可能对CPI走高做出负面反应，但这将为长期投资者提供买入股票的机会，” Tengler说，并指出本季度任何回调都是买入的机会。她在2022年第三和第四季度抛售期间增加了该公司的股票敞口，并在未来三到五年内看好<span>苹果</span><span></span>公司等科技股，并坚持投资网络安全和云服务。</p>\n<p>　　数据显示，对冲未来30天内跟踪标普500指数的最大交易所交易基金（etf）下跌10%的合约，目前的成本是受益于上涨10%的期权的1.7倍。被称为卖权/买权倾斜的价格关系目前徘徊在2022年8月以来的最高水平，当时503个成份股的指数持续了两个月的上涨突然逆转。</p>\n<p>　　科技股为主的<span>纳斯达克</span><span></span>100指数今年上涨了12%，原因是市场对美联储过于激进的担忧有所缓解。</p>\n<p>　　尽管迄今为止，第四季度财报季的表现好于人们的担忧，但一些基金经理担心，随着美国经济继续放缓或陷入衰退，企业利润最糟糕的时刻尚未到来。这让人担心，在标普500指数从谷底反弹后，科技股和所谓的成长股的估值是否过高。</p>\n<div>\n<span>炒股开户享福利，入金抽188元红包，100%中奖！</span>\n<img src=\"\"/>\n</div>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在新浪财经APP</div>\n</div>\n<p>责任编辑：李桐 </p>\n</div></body></html>","source":"sina","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\" 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}\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\">\n华尔街投资者如履薄冰，目光紧盯周二通胀数据\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-12 23:04 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2023-02-12/doc-imyfnefq9509841.shtml><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>华尔街投资者正在支付更高的价格，以防本周将公布关键通胀数据导致股市下跌。预计通胀放缓不会像美联储希望看到的那样。\n　　周二将公布消费者价格指数（CPI）报告，预计1月份CPI年涨幅放缓至6.2%。核心CPI预计将环比上升0.4%，较上年同期上升5.5%。\n　　但上个月汽油和二手车价格的意外上涨可能会中断持续数月的通胀放缓趋势，这一趋势促使标普500指数从10月份的低点反弹了14%。\n　　不足为奇的...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2023-02-12/doc-imyfnefq9509841.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","UPRO":"三倍做多标普500ETF","SH":"标普500反向ETF","OEX":"标普100","BK4581":"高盛持仓","BK4504":"桥水持仓","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","SPY":"标普500ETF","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","CPI":"IQ Real Return ETF","SDS":"两倍做空标普500ETF","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2023-02-12/doc-imyfnefq9509841.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2310967873","content_text":"华尔街投资者正在支付更高的价格，以防本周将公布关键通胀数据导致股市下跌。预计通胀放缓不会像美联储希望看到的那样。\n　　周二将公布消费者价格指数（CPI）报告，预计1月份CPI年涨幅放缓至6.2%。核心CPI预计将环比上升0.4%，较上年同期上升5.5%。\n　　但上个月汽油和二手车价格的意外上涨可能会中断持续数月的通胀放缓趋势，这一趋势促使标普500指数从10月份的低点反弹了14%。\n　　不足为奇的是，去年CPI数据发布时，交易市场非常动荡，标普500指数在12个发布日中有7个下跌。数据显示，在过去六个月里，标普500指数在CPI公布当天的平均上下波动约2.6%，接近2009年以来的最高水平。\n　　交易员们仍然记得去年9月13日的消费者价格报告，该报告导致标普500指数暴跌4.3%，创下自2020年3月以来最糟糕的CPI交易日。\n　　分析师表示：“只要美联储处于鹰派模式，波动性就将保持坚挺”“因此，如果CPI高于预期，市场可能会抛售。”\n　　但数据表示，美股对过去两个月好于预期的CPI数据反应相对平淡，表明美国股市可能已经消化了通胀放缓的影响。因此，如果数据进一步放缓，2023年CPI整体波动的天数可能会减少。\n　　现实情况是，至少就目前而言投资者不必担心，因为任何价格上涨预计都是暂时的。问题是，投资者以前也听说过这种说法。如果劳动力市场使工资增长保持在高位，并阻止通胀像政策制定者希望的那样快速下降，美联储可能会比市场预期的更积极地加息——或将利率维持在高位的时间更长。\n　　“市场可能对CPI走高做出负面反应，但这将为长期投资者提供买入股票的机会，” Tengler说，并指出本季度任何回调都是买入的机会。她在2022年第三和第四季度抛售期间增加了该公司的股票敞口，并在未来三到五年内看好苹果公司等科技股，并坚持投资网络安全和云服务。\n　　数据显示，对冲未来30天内跟踪标普500指数的最大交易所交易基金（etf）下跌10%的合约，目前的成本是受益于上涨10%的期权的1.7倍。被称为卖权/买权倾斜的价格关系目前徘徊在2022年8月以来的最高水平，当时503个成份股的指数持续了两个月的上涨突然逆转。\n　　科技股为主的纳斯达克100指数今年上涨了12%，原因是市场对美联储过于激进的担忧有所缓解。\n　　尽管迄今为止，第四季度财报季的表现好于人们的担忧，但一些基金经理担心，随着美国经济继续放缓或陷入衰退，企业利润最糟糕的时刻尚未到来。这让人担心，在标普500指数从谷底反弹后，科技股和所谓的成长股的估值是否过高。\n\n炒股开户享福利，入金抽188元红包，100%中奖！\n\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：李桐","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952782002,"gmtCreate":1674981598306,"gmtModify":1676538969369,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Where is ChatGPT","listText":"Where is ChatGPT","text":"Where is ChatGPT","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952782002","repostId":"2306228413","repostType":2,"repost":{"id":"2306228413","pubTimestamp":1674961385,"share":"https://ttm.financial/m/news/2306228413?lang=&edition=fundamental","pubTime":"2023-01-29 11:03","market":"us","language":"en","title":"Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2306228413","media":"seekingalpha","summary":"SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash p","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/22d7d2314781dfbb6ec171acbfc934c6\" tg-width=\"750\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/></p><h2>Summary</h2><ul><li>Google (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.</li><li>It is essentially viewed by the market as a terminally stagnating business, according to Buffett’s 10x EBT rule.</li><li>Yet, the reality is the exact opposite in the way I see things.</li><li>Plenty of strong growth catalysts are afoot to support outsized long-term return potential for Google stock.</li></ul><h2>The investment thesis</h2><p>The argument in this article is quite simple: Alphabet Inc. (NASDAQ:GOOG) (&#34;Google&#34;) is undervalued based on the Buffett 10x EBT (earnings before taxes) rule. It is selling at a valuation of around 13x FW EBT only after its cash position is adjusted. At such a valuation, the market essentially views Google as a terminally stagnating business. A 13x FW EBT already provides close to 8% of pretax earnings earning yield, making it equivalent to owning an equity bond with a similar yield (bond yields are all quoted on a pretax basis). Any growth will be a bonus at this valuation.</p><p>Yet the reality is the exact opposite in the way I see things. GOOG is anything but a terminally stagnating business. As to be detailed in the rest of the article, GOOG not only enjoys a tremendous moat in its current segments (search engine and digital ad), but it is also well-positioned to capitalize on a range of high-growth areas. And all these new initiatives are supported by its fortressbalance sheet and highly profitable existing products.</p><p>All told, I see GOOG stock easily offers a double-digit pretax annual return potential (around 13%) under current conditions, consisting of about 8% of pretax earnings earning yield as just mentioned and about 5% of perpetual growth rates.</p><h2>Google stock and Buffett&#39;s 10x EBT rule</h2><p>As seen from the next plot, Google has been trading at valuations well above 10x EBT historically. However, under current conditions, it is trading very close to 10x EBT. Note that the vertical axis in the plot is in logarithm scale. So the current valuation is closer to 10x EBT than it appears visually in the plot.</p><p>To be more specific, as of this writing, Google&#39;s stock price is about $98 per share. And my estimate for its 2023 EPS is about $5.8 per share and its tax rate is about 14%. And finally, do not forget that it has about $9 of net cash position sitting on its balance sheet (more on this later). Putting all these numbers together, its current valuations turn out to be ~13x FW EBT after the cash position is subtracted from its stock price.</p><p><img src=\"https://static.tigerbbs.com/35e66c24dfb45a6addaef9025db37ba7\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"/>At such a valuation, Google is essentially viewed by the market as a terminally stagnating business, according to Buffett&#39;s 10x EBT rule. In Buffett&#39;s 10x EBT rule is new to you, I have a <i>blog article</i> detailing it with Q&amp;As I&#39;ve received. A quick summary:</p><ul><li><i>Buffett paid ~10x pretax earnings for many of his largest and best deals (ranging from Coca-Cola, American Express, Walmart, Burlington Northern, and also the more recent Apple purchase). It is hardly a coincidence because buying a business that stagnates forever at 10x EBT would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond. Any growth is a bonus.</i></li></ul><ul><li><i>The 10x EBT rule, of course, does NOT mean you should buy every/any stock trading below 10x EBT. Investors face two primary risks: A) quality risk and B) valuation risk. The 10x EBT rule is to avoid the type B risk AFTER the type A risk has been eliminated already.</i></li><li><i>Then how do we eliminate type A risks? I look for three things primarily. First and second, the business should have no existential issue in short term and the long term. And third, the business should have a decent chance to grow (at the so-call perpetual growth rate). This will be a plus.</i></li></ul><p>Under this framework, next, I will argue that Google meets all the above requirements. It has no existential threats at all and is well-positioned to grow.</p><h2>Does GOOG have existential issues?</h2><p>I do not see any short-term or long-term survivability issues at all in Google&#39;s case. In the near term, the survivability issue can always be reliably evaluated by dividends (if the company pays regular dividends) and/or its balance sheet and capital structure. In Google&#39;s case, it does not pay dividends. Thus, let&#39;s examine its balance sheet more closely.</p><p>It is a bit of an understatement to say that Google has a strong balance sheet. It has one of the strongest balance sheets in my view. As of its most recent financial statements, it has a significant amount of cash (and cash equivalents) and a net cash position totaling about $116B. translating into about $9 per share. Additionally, Google has a low level of debt (only $29B as seen). It is currently facing some immediate uncertainties ahead (like the layoffs) together with the rest of the economy. But its fortress balance sheet provides a thick cushion for the company to weather any potential downturns in the economy.</p><p><img src=\"https://static.tigerbbs.com/a6ee30acbc6c60a38d548c271b0821cc\" tg-width=\"640\" tg-height=\"256\" referrerpolicy=\"no-referrer\"/>Long-term survivability hinges on the fundamental moat. And here again, I see Google enjoys one of the widest and most dominant moats. Google has a dominating market share in the search engine space. According to statistics from Statcounter below, as of December 2022, Google had a market share of over 92.5% of the global search engine market share. The next largest player, Microsoft Bing, is a remote second, with a ~3% market share only.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6aa9dcd6cf59e83cd6bdc3a715ff9300\" tg-width=\"640\" tg-height=\"176\" referrerpolicy=\"no-referrer\"/><span>Statcounter data</span></p><p>Many of us worry about an economic recession and further worry that a recession might hit the ad space more harshly. However, in reality, advertising expenditures are quite stable as you can see from the following data. After all, ad is what draws customers in the first place.</p><p>To wit, the chart shows ad spending is quite stable over time, with only small fluctuations in both the U.S. and China, the two largest economies. In the U.S., ad spending has fluctuated within a relatively narrow range of 1.01% to 1.80% over the past decade. The only exception was 2021. The COVID-19 pandemic unexpectedly spurred ad spending drastically. The picture for China is very similar.</p><p>Also note that developed countries like the U.S., where consumption is a larger part of the economy, have been demonstrating higher ad spending as a percentage of GDP. Ad spending as a percentage of GDP has been in a range of 0.85% to 0.90% over the past 10 years in China. And this observation leads me to the next topic: the profitability and growth potential of Google.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5eff0175bca799bc8343e75ff56a6aba\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"/><span>Dolphin Research</span></p><h2>GOOG: Profitability and growth prospects</h2><p>Thanks to its moat and technological lead, Google has a robust revenue stream and has been consistently profitable. Furthermore, its diversified business model across various segments and geographies has also helped in providing a stable revenue stream and growth opportunities (especially in developing countries as mentioned above). All told, the plot next shows GOOG&#39;s profitability in terms of ROCE (return on capital employed). As seen, its ROCE is on average 48.7% in recent years, a very competitive level even in the overachieving FAAMG group.</p><p><img src=\"https://static.tigerbbs.com/8eda4c9b77bdda6573ed7eb1b2a4dab4\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>Supported by its existing moat and strong ROCE, I see strong potential for Google ahead. Leading growth catalysts include growth in the advertising space as mentioned above, cloud computing, its multitude of digital services, and also its fast expansion of hardware lineup (such as Pixel smartphones and smart home devices).</p><p>For the long-term, as also detailed in my blog article, the growth rate of any business is ultimately governed by the products of ROCE and Reinvestment Rate (&#34;RR&#34;). Google has been maintaining a 10%+ RR in recent years, and I see such a RR as sustainable in the long term given its strong cash flow. And the combination of an average 48.7% ROCE and 10% RR could lead to ~5% of perpetual growth rates (48.7% ROCE * 10% RR = ~4.87% of perpetual growth rates) as summarized in the table below.</p><p><img src=\"https://static.tigerbbs.com/ddd204f37b091dd434c2a7dbcad4eaa1\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/></p><h2>Risks and final thoughts</h2><p>To recap, Google certainly faces uncertainties. In the near term, Google faces competition from other social media platforms such as Facebook, Twitter, and TikTok. The company also faces regulatory risks almost constantly. Its core business relies on collecting and using data from users, which has always attracted privacy concerns and regulatory scrutiny. In recent years, Google has faced fines and penalties from various governments for alleged violations of privacy laws. These risks have (and could) impact Google&#39;s stock prices substantially.</p><p>However, to me, the current valuation suggests that these above issues are overblown. At ~13x FW EBT after adjusting for its cash position, the market essentially views it as a terminally stagnating business according to Buffett&#39;s 10x EBT rule. Yet, I see it as anything but. I see the stock as an almost-perfect fit to the Buffett 10x EBT rule (except the valuation is a bit above 10x EBT). And as such, I see very favorable prospects for double-digit annual returns in the long term. My projections show ~13% of annual long-term return potential, with about 8% coming from pretax earnings yield and about 5% coming from organic growth.</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>Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle Shouldn't Be, But Approaches, A Buffett 10x EBT Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.It is essentially viewed by the market as a terminally stagnating business, according to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","BK4581":"高盛持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0861579265.USD":"联博低波幅策略股票基金A","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4573":"虚拟现实","BK4548":"巴美列捷福持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0444971666.USD":"天利全球科技基金","BK4574":"无人驾驶","LU1046421795.USD":"富达环球科技A-ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4579":"人工智能","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4576":"AR","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4525":"远程办公概念","GOOG":"谷歌","LU0079474960.USD":"联博美国增长基金A","SG9999001077.SGD":"United International Growth Fund SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4077":"互动媒体与服务","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU0109392836.USD":"富兰克林科技股A","BK4503":"景林资产持仓","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0097036916.USD":"贝莱德美国增长A2 USD"},"source_url":"https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2306228413","content_text":"SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.It is essentially viewed by the market as a terminally stagnating business, according to Buffett’s 10x EBT rule.Yet, the reality is the exact opposite in the way I see things.Plenty of strong growth catalysts are afoot to support outsized long-term return potential for Google stock.The investment thesisThe argument in this article is quite simple: Alphabet Inc. (NASDAQ:GOOG) (\"Google\") is undervalued based on the Buffett 10x EBT (earnings before taxes) rule. It is selling at a valuation of around 13x FW EBT only after its cash position is adjusted. At such a valuation, the market essentially views Google as a terminally stagnating business. A 13x FW EBT already provides close to 8% of pretax earnings earning yield, making it equivalent to owning an equity bond with a similar yield (bond yields are all quoted on a pretax basis). Any growth will be a bonus at this valuation.Yet the reality is the exact opposite in the way I see things. GOOG is anything but a terminally stagnating business. As to be detailed in the rest of the article, GOOG not only enjoys a tremendous moat in its current segments (search engine and digital ad), but it is also well-positioned to capitalize on a range of high-growth areas. And all these new initiatives are supported by its fortressbalance sheet and highly profitable existing products.All told, I see GOOG stock easily offers a double-digit pretax annual return potential (around 13%) under current conditions, consisting of about 8% of pretax earnings earning yield as just mentioned and about 5% of perpetual growth rates.Google stock and Buffett's 10x EBT ruleAs seen from the next plot, Google has been trading at valuations well above 10x EBT historically. However, under current conditions, it is trading very close to 10x EBT. Note that the vertical axis in the plot is in logarithm scale. So the current valuation is closer to 10x EBT than it appears visually in the plot.To be more specific, as of this writing, Google's stock price is about $98 per share. And my estimate for its 2023 EPS is about $5.8 per share and its tax rate is about 14%. And finally, do not forget that it has about $9 of net cash position sitting on its balance sheet (more on this later). Putting all these numbers together, its current valuations turn out to be ~13x FW EBT after the cash position is subtracted from its stock price.At such a valuation, Google is essentially viewed by the market as a terminally stagnating business, according to Buffett's 10x EBT rule. In Buffett's 10x EBT rule is new to you, I have a blog article detailing it with Q&As I've received. A quick summary:Buffett paid ~10x pretax earnings for many of his largest and best deals (ranging from Coca-Cola, American Express, Walmart, Burlington Northern, and also the more recent Apple purchase). It is hardly a coincidence because buying a business that stagnates forever at 10x EBT would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond. Any growth is a bonus.The 10x EBT rule, of course, does NOT mean you should buy every/any stock trading below 10x EBT. Investors face two primary risks: A) quality risk and B) valuation risk. The 10x EBT rule is to avoid the type B risk AFTER the type A risk has been eliminated already.Then how do we eliminate type A risks? I look for three things primarily. First and second, the business should have no existential issue in short term and the long term. And third, the business should have a decent chance to grow (at the so-call perpetual growth rate). This will be a plus.Under this framework, next, I will argue that Google meets all the above requirements. It has no existential threats at all and is well-positioned to grow.Does GOOG have existential issues?I do not see any short-term or long-term survivability issues at all in Google's case. In the near term, the survivability issue can always be reliably evaluated by dividends (if the company pays regular dividends) and/or its balance sheet and capital structure. In Google's case, it does not pay dividends. Thus, let's examine its balance sheet more closely.It is a bit of an understatement to say that Google has a strong balance sheet. It has one of the strongest balance sheets in my view. As of its most recent financial statements, it has a significant amount of cash (and cash equivalents) and a net cash position totaling about $116B. translating into about $9 per share. Additionally, Google has a low level of debt (only $29B as seen). It is currently facing some immediate uncertainties ahead (like the layoffs) together with the rest of the economy. But its fortress balance sheet provides a thick cushion for the company to weather any potential downturns in the economy.Long-term survivability hinges on the fundamental moat. And here again, I see Google enjoys one of the widest and most dominant moats. Google has a dominating market share in the search engine space. According to statistics from Statcounter below, as of December 2022, Google had a market share of over 92.5% of the global search engine market share. The next largest player, Microsoft Bing, is a remote second, with a ~3% market share only.Statcounter dataMany of us worry about an economic recession and further worry that a recession might hit the ad space more harshly. However, in reality, advertising expenditures are quite stable as you can see from the following data. After all, ad is what draws customers in the first place.To wit, the chart shows ad spending is quite stable over time, with only small fluctuations in both the U.S. and China, the two largest economies. In the U.S., ad spending has fluctuated within a relatively narrow range of 1.01% to 1.80% over the past decade. The only exception was 2021. The COVID-19 pandemic unexpectedly spurred ad spending drastically. The picture for China is very similar.Also note that developed countries like the U.S., where consumption is a larger part of the economy, have been demonstrating higher ad spending as a percentage of GDP. Ad spending as a percentage of GDP has been in a range of 0.85% to 0.90% over the past 10 years in China. And this observation leads me to the next topic: the profitability and growth potential of Google.Dolphin ResearchGOOG: Profitability and growth prospectsThanks to its moat and technological lead, Google has a robust revenue stream and has been consistently profitable. Furthermore, its diversified business model across various segments and geographies has also helped in providing a stable revenue stream and growth opportunities (especially in developing countries as mentioned above). All told, the plot next shows GOOG's profitability in terms of ROCE (return on capital employed). As seen, its ROCE is on average 48.7% in recent years, a very competitive level even in the overachieving FAAMG group.Supported by its existing moat and strong ROCE, I see strong potential for Google ahead. Leading growth catalysts include growth in the advertising space as mentioned above, cloud computing, its multitude of digital services, and also its fast expansion of hardware lineup (such as Pixel smartphones and smart home devices).For the long-term, as also detailed in my blog article, the growth rate of any business is ultimately governed by the products of ROCE and Reinvestment Rate (\"RR\"). Google has been maintaining a 10%+ RR in recent years, and I see such a RR as sustainable in the long term given its strong cash flow. And the combination of an average 48.7% ROCE and 10% RR could lead to ~5% of perpetual growth rates (48.7% ROCE * 10% RR = ~4.87% of perpetual growth rates) as summarized in the table below.Risks and final thoughtsTo recap, Google certainly faces uncertainties. In the near term, Google faces competition from other social media platforms such as Facebook, Twitter, and TikTok. The company also faces regulatory risks almost constantly. Its core business relies on collecting and using data from users, which has always attracted privacy concerns and regulatory scrutiny. In recent years, Google has faced fines and penalties from various governments for alleged violations of privacy laws. These risks have (and could) impact Google's stock prices substantially.However, to me, the current valuation suggests that these above issues are overblown. At ~13x FW EBT after adjusting for its cash position, the market essentially views it as a terminally stagnating business according to Buffett's 10x EBT rule. Yet, I see it as anything but. I see the stock as an almost-perfect fit to the Buffett 10x EBT rule (except the valuation is a bit above 10x EBT). And as such, I see very favorable prospects for double-digit annual returns in the long term. My projections show ~13% of annual long-term return potential, with about 8% coming from pretax earnings yield and about 5% coming from organic growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952786506,"gmtCreate":1674981561305,"gmtModify":1676538969359,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Indeed,&nbsp; impossible to accidentally missed it","listText":"Indeed,&nbsp; impossible to accidentally missed it","text":"Indeed, impossible to accidentally missed it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952786506","repostId":"2306228413","repostType":2,"repost":{"id":"2306228413","pubTimestamp":1674961385,"share":"https://ttm.financial/m/news/2306228413?lang=&edition=fundamental","pubTime":"2023-01-29 11:03","market":"us","language":"en","title":"Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2306228413","media":"seekingalpha","summary":"SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash p","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/22d7d2314781dfbb6ec171acbfc934c6\" tg-width=\"750\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/></p><h2>Summary</h2><ul><li>Google (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.</li><li>It is essentially viewed by the market as a terminally stagnating business, according to Buffett’s 10x EBT rule.</li><li>Yet, the reality is the exact opposite in the way I see things.</li><li>Plenty of strong growth catalysts are afoot to support outsized long-term return potential for Google stock.</li></ul><h2>The investment thesis</h2><p>The argument in this article is quite simple: Alphabet Inc. (NASDAQ:GOOG) (&#34;Google&#34;) is undervalued based on the Buffett 10x EBT (earnings before taxes) rule. It is selling at a valuation of around 13x FW EBT only after its cash position is adjusted. At such a valuation, the market essentially views Google as a terminally stagnating business. A 13x FW EBT already provides close to 8% of pretax earnings earning yield, making it equivalent to owning an equity bond with a similar yield (bond yields are all quoted on a pretax basis). Any growth will be a bonus at this valuation.</p><p>Yet the reality is the exact opposite in the way I see things. GOOG is anything but a terminally stagnating business. As to be detailed in the rest of the article, GOOG not only enjoys a tremendous moat in its current segments (search engine and digital ad), but it is also well-positioned to capitalize on a range of high-growth areas. And all these new initiatives are supported by its fortressbalance sheet and highly profitable existing products.</p><p>All told, I see GOOG stock easily offers a double-digit pretax annual return potential (around 13%) under current conditions, consisting of about 8% of pretax earnings earning yield as just mentioned and about 5% of perpetual growth rates.</p><h2>Google stock and Buffett&#39;s 10x EBT rule</h2><p>As seen from the next plot, Google has been trading at valuations well above 10x EBT historically. However, under current conditions, it is trading very close to 10x EBT. Note that the vertical axis in the plot is in logarithm scale. So the current valuation is closer to 10x EBT than it appears visually in the plot.</p><p>To be more specific, as of this writing, Google&#39;s stock price is about $98 per share. And my estimate for its 2023 EPS is about $5.8 per share and its tax rate is about 14%. And finally, do not forget that it has about $9 of net cash position sitting on its balance sheet (more on this later). Putting all these numbers together, its current valuations turn out to be ~13x FW EBT after the cash position is subtracted from its stock price.</p><p><img src=\"https://static.tigerbbs.com/35e66c24dfb45a6addaef9025db37ba7\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"/>At such a valuation, Google is essentially viewed by the market as a terminally stagnating business, according to Buffett&#39;s 10x EBT rule. In Buffett&#39;s 10x EBT rule is new to you, I have a <i>blog article</i> detailing it with Q&amp;As I&#39;ve received. A quick summary:</p><ul><li><i>Buffett paid ~10x pretax earnings for many of his largest and best deals (ranging from Coca-Cola, American Express, Walmart, Burlington Northern, and also the more recent Apple purchase). It is hardly a coincidence because buying a business that stagnates forever at 10x EBT would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond. Any growth is a bonus.</i></li></ul><ul><li><i>The 10x EBT rule, of course, does NOT mean you should buy every/any stock trading below 10x EBT. Investors face two primary risks: A) quality risk and B) valuation risk. The 10x EBT rule is to avoid the type B risk AFTER the type A risk has been eliminated already.</i></li><li><i>Then how do we eliminate type A risks? I look for three things primarily. First and second, the business should have no existential issue in short term and the long term. And third, the business should have a decent chance to grow (at the so-call perpetual growth rate). This will be a plus.</i></li></ul><p>Under this framework, next, I will argue that Google meets all the above requirements. It has no existential threats at all and is well-positioned to grow.</p><h2>Does GOOG have existential issues?</h2><p>I do not see any short-term or long-term survivability issues at all in Google&#39;s case. In the near term, the survivability issue can always be reliably evaluated by dividends (if the company pays regular dividends) and/or its balance sheet and capital structure. In Google&#39;s case, it does not pay dividends. Thus, let&#39;s examine its balance sheet more closely.</p><p>It is a bit of an understatement to say that Google has a strong balance sheet. It has one of the strongest balance sheets in my view. As of its most recent financial statements, it has a significant amount of cash (and cash equivalents) and a net cash position totaling about $116B. translating into about $9 per share. Additionally, Google has a low level of debt (only $29B as seen). It is currently facing some immediate uncertainties ahead (like the layoffs) together with the rest of the economy. But its fortress balance sheet provides a thick cushion for the company to weather any potential downturns in the economy.</p><p><img src=\"https://static.tigerbbs.com/a6ee30acbc6c60a38d548c271b0821cc\" tg-width=\"640\" tg-height=\"256\" referrerpolicy=\"no-referrer\"/>Long-term survivability hinges on the fundamental moat. And here again, I see Google enjoys one of the widest and most dominant moats. Google has a dominating market share in the search engine space. According to statistics from Statcounter below, as of December 2022, Google had a market share of over 92.5% of the global search engine market share. The next largest player, Microsoft Bing, is a remote second, with a ~3% market share only.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6aa9dcd6cf59e83cd6bdc3a715ff9300\" tg-width=\"640\" tg-height=\"176\" referrerpolicy=\"no-referrer\"/><span>Statcounter data</span></p><p>Many of us worry about an economic recession and further worry that a recession might hit the ad space more harshly. However, in reality, advertising expenditures are quite stable as you can see from the following data. After all, ad is what draws customers in the first place.</p><p>To wit, the chart shows ad spending is quite stable over time, with only small fluctuations in both the U.S. and China, the two largest economies. In the U.S., ad spending has fluctuated within a relatively narrow range of 1.01% to 1.80% over the past decade. The only exception was 2021. The COVID-19 pandemic unexpectedly spurred ad spending drastically. The picture for China is very similar.</p><p>Also note that developed countries like the U.S., where consumption is a larger part of the economy, have been demonstrating higher ad spending as a percentage of GDP. Ad spending as a percentage of GDP has been in a range of 0.85% to 0.90% over the past 10 years in China. And this observation leads me to the next topic: the profitability and growth potential of Google.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5eff0175bca799bc8343e75ff56a6aba\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"/><span>Dolphin Research</span></p><h2>GOOG: Profitability and growth prospects</h2><p>Thanks to its moat and technological lead, Google has a robust revenue stream and has been consistently profitable. Furthermore, its diversified business model across various segments and geographies has also helped in providing a stable revenue stream and growth opportunities (especially in developing countries as mentioned above). All told, the plot next shows GOOG&#39;s profitability in terms of ROCE (return on capital employed). As seen, its ROCE is on average 48.7% in recent years, a very competitive level even in the overachieving FAAMG group.</p><p><img src=\"https://static.tigerbbs.com/8eda4c9b77bdda6573ed7eb1b2a4dab4\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>Supported by its existing moat and strong ROCE, I see strong potential for Google ahead. Leading growth catalysts include growth in the advertising space as mentioned above, cloud computing, its multitude of digital services, and also its fast expansion of hardware lineup (such as Pixel smartphones and smart home devices).</p><p>For the long-term, as also detailed in my blog article, the growth rate of any business is ultimately governed by the products of ROCE and Reinvestment Rate (&#34;RR&#34;). Google has been maintaining a 10%+ RR in recent years, and I see such a RR as sustainable in the long term given its strong cash flow. And the combination of an average 48.7% ROCE and 10% RR could lead to ~5% of perpetual growth rates (48.7% ROCE * 10% RR = ~4.87% of perpetual growth rates) as summarized in the table below.</p><p><img src=\"https://static.tigerbbs.com/ddd204f37b091dd434c2a7dbcad4eaa1\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/></p><h2>Risks and final thoughts</h2><p>To recap, Google certainly faces uncertainties. In the near term, Google faces competition from other social media platforms such as Facebook, Twitter, and TikTok. The company also faces regulatory risks almost constantly. Its core business relies on collecting and using data from users, which has always attracted privacy concerns and regulatory scrutiny. In recent years, Google has faced fines and penalties from various governments for alleged violations of privacy laws. These risks have (and could) impact Google&#39;s stock prices substantially.</p><p>However, to me, the current valuation suggests that these above issues are overblown. At ~13x FW EBT after adjusting for its cash position, the market essentially views it as a terminally stagnating business according to Buffett&#39;s 10x EBT rule. Yet, I see it as anything but. I see the stock as an almost-perfect fit to the Buffett 10x EBT rule (except the valuation is a bit above 10x EBT). And as such, I see very favorable prospects for double-digit annual returns in the long term. My projections show ~13% of annual long-term return potential, with about 8% coming from pretax earnings yield and about 5% coming from organic growth.</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>Google Shouldn't Be, But Approaches, A Buffett 10x EBT 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\">\nGoogle Shouldn't Be, But Approaches, A Buffett 10x EBT Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.It is essentially viewed by the market as a terminally stagnating business, according to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","BK4581":"高盛持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0861579265.USD":"联博低波幅策略股票基金A","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4573":"虚拟现实","BK4548":"巴美列捷福持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0444971666.USD":"天利全球科技基金","BK4574":"无人驾驶","LU1046421795.USD":"富达环球科技A-ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4579":"人工智能","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4576":"AR","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4525":"远程办公概念","GOOG":"谷歌","LU0079474960.USD":"联博美国增长基金A","SG9999001077.SGD":"United International Growth Fund SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4077":"互动媒体与服务","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU0109392836.USD":"富兰克林科技股A","BK4503":"景林资产持仓","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0097036916.USD":"贝莱德美国增长A2 USD"},"source_url":"https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2306228413","content_text":"SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.It is essentially viewed by the market as a terminally stagnating business, according to Buffett’s 10x EBT rule.Yet, the reality is the exact opposite in the way I see things.Plenty of strong growth catalysts are afoot to support outsized long-term return potential for Google stock.The investment thesisThe argument in this article is quite simple: Alphabet Inc. (NASDAQ:GOOG) (\"Google\") is undervalued based on the Buffett 10x EBT (earnings before taxes) rule. It is selling at a valuation of around 13x FW EBT only after its cash position is adjusted. At such a valuation, the market essentially views Google as a terminally stagnating business. A 13x FW EBT already provides close to 8% of pretax earnings earning yield, making it equivalent to owning an equity bond with a similar yield (bond yields are all quoted on a pretax basis). Any growth will be a bonus at this valuation.Yet the reality is the exact opposite in the way I see things. GOOG is anything but a terminally stagnating business. As to be detailed in the rest of the article, GOOG not only enjoys a tremendous moat in its current segments (search engine and digital ad), but it is also well-positioned to capitalize on a range of high-growth areas. And all these new initiatives are supported by its fortressbalance sheet and highly profitable existing products.All told, I see GOOG stock easily offers a double-digit pretax annual return potential (around 13%) under current conditions, consisting of about 8% of pretax earnings earning yield as just mentioned and about 5% of perpetual growth rates.Google stock and Buffett's 10x EBT ruleAs seen from the next plot, Google has been trading at valuations well above 10x EBT historically. However, under current conditions, it is trading very close to 10x EBT. Note that the vertical axis in the plot is in logarithm scale. So the current valuation is closer to 10x EBT than it appears visually in the plot.To be more specific, as of this writing, Google's stock price is about $98 per share. And my estimate for its 2023 EPS is about $5.8 per share and its tax rate is about 14%. And finally, do not forget that it has about $9 of net cash position sitting on its balance sheet (more on this later). Putting all these numbers together, its current valuations turn out to be ~13x FW EBT after the cash position is subtracted from its stock price.At such a valuation, Google is essentially viewed by the market as a terminally stagnating business, according to Buffett's 10x EBT rule. In Buffett's 10x EBT rule is new to you, I have a blog article detailing it with Q&As I've received. A quick summary:Buffett paid ~10x pretax earnings for many of his largest and best deals (ranging from Coca-Cola, American Express, Walmart, Burlington Northern, and also the more recent Apple purchase). It is hardly a coincidence because buying a business that stagnates forever at 10x EBT would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond. Any growth is a bonus.The 10x EBT rule, of course, does NOT mean you should buy every/any stock trading below 10x EBT. Investors face two primary risks: A) quality risk and B) valuation risk. The 10x EBT rule is to avoid the type B risk AFTER the type A risk has been eliminated already.Then how do we eliminate type A risks? I look for three things primarily. First and second, the business should have no existential issue in short term and the long term. And third, the business should have a decent chance to grow (at the so-call perpetual growth rate). This will be a plus.Under this framework, next, I will argue that Google meets all the above requirements. It has no existential threats at all and is well-positioned to grow.Does GOOG have existential issues?I do not see any short-term or long-term survivability issues at all in Google's case. In the near term, the survivability issue can always be reliably evaluated by dividends (if the company pays regular dividends) and/or its balance sheet and capital structure. In Google's case, it does not pay dividends. Thus, let's examine its balance sheet more closely.It is a bit of an understatement to say that Google has a strong balance sheet. It has one of the strongest balance sheets in my view. As of its most recent financial statements, it has a significant amount of cash (and cash equivalents) and a net cash position totaling about $116B. translating into about $9 per share. Additionally, Google has a low level of debt (only $29B as seen). It is currently facing some immediate uncertainties ahead (like the layoffs) together with the rest of the economy. But its fortress balance sheet provides a thick cushion for the company to weather any potential downturns in the economy.Long-term survivability hinges on the fundamental moat. And here again, I see Google enjoys one of the widest and most dominant moats. Google has a dominating market share in the search engine space. According to statistics from Statcounter below, as of December 2022, Google had a market share of over 92.5% of the global search engine market share. The next largest player, Microsoft Bing, is a remote second, with a ~3% market share only.Statcounter dataMany of us worry about an economic recession and further worry that a recession might hit the ad space more harshly. However, in reality, advertising expenditures are quite stable as you can see from the following data. After all, ad is what draws customers in the first place.To wit, the chart shows ad spending is quite stable over time, with only small fluctuations in both the U.S. and China, the two largest economies. In the U.S., ad spending has fluctuated within a relatively narrow range of 1.01% to 1.80% over the past decade. The only exception was 2021. The COVID-19 pandemic unexpectedly spurred ad spending drastically. The picture for China is very similar.Also note that developed countries like the U.S., where consumption is a larger part of the economy, have been demonstrating higher ad spending as a percentage of GDP. Ad spending as a percentage of GDP has been in a range of 0.85% to 0.90% over the past 10 years in China. And this observation leads me to the next topic: the profitability and growth potential of Google.Dolphin ResearchGOOG: Profitability and growth prospectsThanks to its moat and technological lead, Google has a robust revenue stream and has been consistently profitable. Furthermore, its diversified business model across various segments and geographies has also helped in providing a stable revenue stream and growth opportunities (especially in developing countries as mentioned above). All told, the plot next shows GOOG's profitability in terms of ROCE (return on capital employed). As seen, its ROCE is on average 48.7% in recent years, a very competitive level even in the overachieving FAAMG group.Supported by its existing moat and strong ROCE, I see strong potential for Google ahead. Leading growth catalysts include growth in the advertising space as mentioned above, cloud computing, its multitude of digital services, and also its fast expansion of hardware lineup (such as Pixel smartphones and smart home devices).For the long-term, as also detailed in my blog article, the growth rate of any business is ultimately governed by the products of ROCE and Reinvestment Rate (\"RR\"). Google has been maintaining a 10%+ RR in recent years, and I see such a RR as sustainable in the long term given its strong cash flow. And the combination of an average 48.7% ROCE and 10% RR could lead to ~5% of perpetual growth rates (48.7% ROCE * 10% RR = ~4.87% of perpetual growth rates) as summarized in the table below.Risks and final thoughtsTo recap, Google certainly faces uncertainties. In the near term, Google faces competition from other social media platforms such as Facebook, Twitter, and TikTok. The company also faces regulatory risks almost constantly. Its core business relies on collecting and using data from users, which has always attracted privacy concerns and regulatory scrutiny. In recent years, Google has faced fines and penalties from various governments for alleged violations of privacy laws. These risks have (and could) impact Google's stock prices substantially.However, to me, the current valuation suggests that these above issues are overblown. At ~13x FW EBT after adjusting for its cash position, the market essentially views it as a terminally stagnating business according to Buffett's 10x EBT rule. Yet, I see it as anything but. I see the stock as an almost-perfect fit to the Buffett 10x EBT rule (except the valuation is a bit above 10x EBT). And as such, I see very favorable prospects for double-digit annual returns in the long term. My projections show ~13% of annual long-term return potential, with about 8% coming from pretax earnings yield and about 5% coming from organic growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":608,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958150361,"gmtCreate":1673663721554,"gmtModify":1676538872517,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"왜 그래?","listText":"왜 그래?","text":"왜 그래?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958150361","repostId":"2303385383","repostType":4,"repost":{"id":"2303385383","pubTimestamp":1673662824,"share":"https://ttm.financial/m/news/2303385383?lang=&edition=fundamental","pubTime":"2023-01-14 10:20","market":"us","language":"en","title":"What to Know as Nancy Pelosi Sells These 5 Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2303385383","media":"InvestorPlace","summary":"Former House Speaker Nancy Pelosi made headlines as she cleaned out her equities portfolio.The power","content":"<html><head></head><body><ul><li>Former House Speaker Nancy Pelosi made headlines as she cleaned out her equities portfolio.</li><li>The powerhouse politician sold some of her high-profile tickers at a loss.</li><li>Queries about Nancy Pelosi stocks remain a hot but debated topic.</li></ul><p>Though the Democrats lost control of the lower chamber of Congress, demand for information regarding Nancy Pelosi stocks remains hot. Not surprisingly, then, when news broke that the former House Speaker exited many positions – some of them at a loss – the move generated headlines. Though the viability of following “Congressional trades” incurs much debate, many retail investors believe they provide important trajectory-related clues.</p><p>According to the Financial Disclosure Reports database by the U.S. House of Representatives, Pelosi reported selling a total of 30,000 shares of <b>Alphabet</b> (NASDAQ:<b><u>GOOG</u></b>, NASDAQ:<b><u>GOOGL</u></b>) evenly across three transaction dates last year: Dec. 20, Dec. 21 and Dec. 28. Each transaction featured a value of between $500,001 and $1 million.</p><p>As well, the former Speaker sold a total of 2,000 shares of <b>Netflix</b> (NASDAQ:<b>NFLX</b>) from two separate transactions, one dated Dec. 29 and the other Dec. 30. In the first transaction, Pelosi sold at a loss of $66,385 while losing $63,535 in the second. Each transaction featured a value of between $250,001 and $500,000.</p><p>Moreover, Pelosi dumped 5,000 shares of <b>Tesla</b> (NASDAQ:<b>TSLA</b>) at an average share price of $140.38. The total loss came out to $511,197. As well, she targeted fellow blue-chip giant <b>Disney</b> (NYSE:<b>DIS</b>), exiting 10,000 shares at an average price of $87.58. This transaction resulted in a loss of $114,138.</p><p>Finally, regarding arguably the most notable of Nancy Pelosi stocks recently sold, the former Speaker sold a total of 10,000 shares of <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b> (NASDAQ:<b>PYPL</b>) on two transactions: one dated Dec. 21 and the other dated Dec. 28. In total, the transactions featured a value range between $500,002 and $1 million. Pelosi lost $424,313 in the first transaction and $429,938 in the second.</p><h2>Nancy Pelosi Stocks Remain a Popular Trend</h2><p>In many ways, the concept of following Nancy Pelosi stocks appears counterintuitive. Not always enjoying robust support from her own party, a survey in December 2022 revealed nearly half of Americans have an unfavorable view of the former House Speaker from California. Still, as a celebrated stock picker, she generates intense interest among retail investors.</p><p>As <i>NPR</i> reported in September 2021, “Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips.” Further, the news agency stated the following about the demand for so-called Nancy Pelosi stocks:</p><blockquote>“Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi’s stock trading disclosures are a treasure trove. ‘Shouts out to Nancy Pelosi, the stock market’s biggest whale,’ said user “ceowatchlist.” Another said, ‘I’ve come to the conclusion that Nancy Pelosi is a psychic,’ while adding that she is the ‘queen of investing.’</blockquote><blockquote>‘She knew,’ declared Chris Josephs, analyzing a particular trade in Pelosi’s financial disclosures. ‘And you would have known if you had followed her portfolio.&#39;”</blockquote><p>In 2012, former President Barack Obama “…signed into law the STOCK Act, a bipartisan bill that prevents Members of Congress from trading stocks based on nonpublic information they gleaned on Capitol Hill,” according to the official White House statement.</p><p>Nevertheless, many retail investors continued to follow Nancy Pelosi stocks under the notion of following the smart money.</p><h2>Congressional ‘Guidance’ of Debatable Merit</h2><p>Inherently, value exists in gleaning information from the most powerful lawmakers in the U.S. government. Nevertheless, the merit of following implied guidance from members of Congress is a debated topic.</p><p>According to research published by the Journal of Public Economics, the authors of the study found “no evidence of superior investment performance whether [looking] in aggregate or at Senators specifically accused of informed trading.” The research covered the period between January 2012 and December 2020.</p><p>Still, that might not be the end for retail investors interested in Nancy Pelosi stocks. As <i>Reuters</i> reported in March 2020, public outcry rang out against U.S. senators who sold equity shares right before the coronavirus pandemic uprooted American society.</p><p>Therefore, this latest batch of data – this time for Nancy Pelosi stocks to <i>sell</i> – might rile market participants once again.</p><p><i>On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</i></p><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.</p><p><img src=\"https://static.tigerbbs.com/d89746888da2d9510b64a9f031eaecd5\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><h3></h3><p>Submit</p><hr/><p>Article printed from InvestorPlace Media, https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/.</p><p>©2023 InvestorPlace Media, LLC</p><h2>Sponsored Headlines</h2></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Know as Nancy Pelosi Sells These 5 Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Know as Nancy Pelosi Sells These 5 Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-14 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Former House Speaker Nancy Pelosi made headlines as she cleaned out her equities portfolio.The powerhouse politician sold some of her high-profile tickers at a loss.Queries about Nancy Pelosi stocks ...</p>\n\n<a href=\"https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","GOOGL":"谷歌A","NFLX":"奈飞","PYPL":"PayPal","GOOG":"谷歌","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2303385383","content_text":"Former House Speaker Nancy Pelosi made headlines as she cleaned out her equities portfolio.The powerhouse politician sold some of her high-profile tickers at a loss.Queries about Nancy Pelosi stocks remain a hot but debated topic.Though the Democrats lost control of the lower chamber of Congress, demand for information regarding Nancy Pelosi stocks remains hot. Not surprisingly, then, when news broke that the former House Speaker exited many positions – some of them at a loss – the move generated headlines. Though the viability of following “Congressional trades” incurs much debate, many retail investors believe they provide important trajectory-related clues.According to the Financial Disclosure Reports database by the U.S. House of Representatives, Pelosi reported selling a total of 30,000 shares of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) evenly across three transaction dates last year: Dec. 20, Dec. 21 and Dec. 28. Each transaction featured a value of between $500,001 and $1 million.As well, the former Speaker sold a total of 2,000 shares of Netflix (NASDAQ:NFLX) from two separate transactions, one dated Dec. 29 and the other Dec. 30. In the first transaction, Pelosi sold at a loss of $66,385 while losing $63,535 in the second. Each transaction featured a value of between $250,001 and $500,000.Moreover, Pelosi dumped 5,000 shares of Tesla (NASDAQ:TSLA) at an average share price of $140.38. The total loss came out to $511,197. As well, she targeted fellow blue-chip giant Disney (NYSE:DIS), exiting 10,000 shares at an average price of $87.58. This transaction resulted in a loss of $114,138.Finally, regarding arguably the most notable of Nancy Pelosi stocks recently sold, the former Speaker sold a total of 10,000 shares of PayPal (NASDAQ:PYPL) on two transactions: one dated Dec. 21 and the other dated Dec. 28. In total, the transactions featured a value range between $500,002 and $1 million. Pelosi lost $424,313 in the first transaction and $429,938 in the second.Nancy Pelosi Stocks Remain a Popular TrendIn many ways, the concept of following Nancy Pelosi stocks appears counterintuitive. Not always enjoying robust support from her own party, a survey in December 2022 revealed nearly half of Americans have an unfavorable view of the former House Speaker from California. Still, as a celebrated stock picker, she generates intense interest among retail investors.As NPR reported in September 2021, “Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips.” Further, the news agency stated the following about the demand for so-called Nancy Pelosi stocks:“Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi’s stock trading disclosures are a treasure trove. ‘Shouts out to Nancy Pelosi, the stock market’s biggest whale,’ said user “ceowatchlist.” Another said, ‘I’ve come to the conclusion that Nancy Pelosi is a psychic,’ while adding that she is the ‘queen of investing.’‘She knew,’ declared Chris Josephs, analyzing a particular trade in Pelosi’s financial disclosures. ‘And you would have known if you had followed her portfolio.'”In 2012, former President Barack Obama “…signed into law the STOCK Act, a bipartisan bill that prevents Members of Congress from trading stocks based on nonpublic information they gleaned on Capitol Hill,” according to the official White House statement.Nevertheless, many retail investors continued to follow Nancy Pelosi stocks under the notion of following the smart money.Congressional ‘Guidance’ of Debatable MeritInherently, value exists in gleaning information from the most powerful lawmakers in the U.S. government. Nevertheless, the merit of following implied guidance from members of Congress is a debated topic.According to research published by the Journal of Public Economics, the authors of the study found “no evidence of superior investment performance whether [looking] in aggregate or at Senators specifically accused of informed trading.” The research covered the period between January 2012 and December 2020.Still, that might not be the end for retail investors interested in Nancy Pelosi stocks. As Reuters reported in March 2020, public outcry rang out against U.S. senators who sold equity shares right before the coronavirus pandemic uprooted American society.Therefore, this latest batch of data – this time for Nancy Pelosi stocks to sell – might rile market participants once again.On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.SubmitArticle printed from InvestorPlace Media, https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/.©2023 InvestorPlace Media, LLCSponsored Headlines","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951178708,"gmtCreate":1673438227905,"gmtModify":1676538836548,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Just an incident","listText":"Just an incident","text":"Just an incident","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951178708","repostId":"2302071224","repostType":2,"repost":{"id":"2302071224","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":1673437980,"share":"https://ttm.financial/m/news/2302071224?lang=&edition=fundamental","pubTime":"2023-01-11 19:53","market":"us","language":"en","title":"Airline Stocks Fell Premarket After FAA Says All U.S. Flights Grounded Over Computer Outage","url":"https://stock-news.laohu8.com/highlight/detail?id=2302071224","media":"Dow Jones","summary":"Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Admin","content":"<html><head></head><body><p>Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Administration said  a computer outage had led to all U.S. fights being grounded. </p><p>The agency said on its website that its &#34;Notice to Air Missions&#34; system has been activated &#34;to address the equipment outage issues for the U.S. NOTAM system.&#34; A NOTAM is a notice for workers engaged in flight operations. </p><p>There was no indication of when service might be restored. </p><p>Southwest Airlines JCo. <a href=\"https://laohu8.com/S/LUV\">$(LUV)$</a> led the decliners, falling 2.79%. American Airlines Group Inc. <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a> was down 1.32%, United Airlines Holdings Inc. <a href=\"https://laohu8.com/S/UAL\">$(UAL)$</a> was down 1.09% and Delta Air Lines Inc.  <a href=\"https://laohu8.com/S/DAL\">$(DAL)$</a> was down 0.87%. The <a href=\"https://laohu8.com/S/JETS\">U.S. Global Jets ETF</a> was down 0.94% and has fallen 14% in the last 12 months, while the S&amp;P 500  has fallen 17%.</p><p><img src=\"https://static.tigerbbs.com/2d05a1af7ccad825059af66ab38febe2\" tg-width=\"261\" tg-height=\"224\" 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>Airline Stocks Fell Premarket After FAA Says All U.S. Flights Grounded Over Computer Outage</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\">\nAirline Stocks Fell Premarket After FAA Says All U.S. Flights Grounded Over Computer Outage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 19:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Administration said  a computer outage had led to all U.S. fights being grounded. </p><p>The agency said on its website that its &#34;Notice to Air Missions&#34; system has been activated &#34;to address the equipment outage issues for the U.S. NOTAM system.&#34; A NOTAM is a notice for workers engaged in flight operations. </p><p>There was no indication of when service might be restored. </p><p>Southwest Airlines JCo. <a href=\"https://laohu8.com/S/LUV\">$(LUV)$</a> led the decliners, falling 2.79%. American Airlines Group Inc. <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a> was down 1.32%, United Airlines Holdings Inc. <a href=\"https://laohu8.com/S/UAL\">$(UAL)$</a> was down 1.09% and Delta Air Lines Inc.  <a href=\"https://laohu8.com/S/DAL\">$(DAL)$</a> was down 0.87%. The <a href=\"https://laohu8.com/S/JETS\">U.S. Global Jets ETF</a> was down 0.94% and has fallen 14% in the last 12 months, while the S&amp;P 500  has fallen 17%.</p><p><img src=\"https://static.tigerbbs.com/2d05a1af7ccad825059af66ab38febe2\" tg-width=\"261\" tg-height=\"224\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4139":"生物科技","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4191":"家用电器","BK4007":"制药","JETS":"U.S. Global Jets ETF","LUV":"西南航空","UAL":"联合大陆航空","JBLU":"捷蓝航空","AAL":"美国航空","BOLT":"Bolt Biotherapeutics, Inc.","BK4008":"航空公司","TERN":"Terns Pharmaceuticals, Inc.","DAL":"达美航空","CRCT":"Cricut, Inc.","BK4539":"次新股","BK4500":"航空公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302071224","content_text":"Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Administration said  a computer outage had led to all U.S. fights being grounded. The agency said on its website that its \"Notice to Air Missions\" system has been activated \"to address the equipment outage issues for the U.S. NOTAM system.\" A NOTAM is a notice for workers engaged in flight operations. There was no indication of when service might be restored. Southwest Airlines JCo. $(LUV)$ led the decliners, falling 2.79%. American Airlines Group Inc. $(AAL)$ was down 1.32%, United Airlines Holdings Inc. $(UAL)$ was down 1.09% and Delta Air Lines Inc.  $(DAL)$ was down 0.87%. The U.S. Global Jets ETF was down 0.94% and has fallen 14% in the last 12 months, while the S&P 500  has fallen 17%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951070193,"gmtCreate":1673365352413,"gmtModify":1676538825201,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"👫👫👫","listText":"👫👫👫","text":"👫👫👫","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951070193","repostId":"628541498","repostType":1,"repost":{"id":628541498,"gmtCreate":1673362976000,"gmtModify":1676538824892,"author":{"id":"3578460021109326","authorId":"3578460021109326","name":"时代财经","avatar":"https://static.tigerbbs.com/91c2175656a070c51747405cb8325278","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578460021109326","authorIdStr":"3578460021109326"},"themes":[],"title":"80後掌舵，龍湖地產老兵邵明曉退休，兩度登榜福布斯中國最佳CEO","htmlText":"本文來源：時代財經 作者：陳澤旋 左一爲邵明曉 創始人退休不到三個月，龍湖的“二手把”也緊隨其後。 1月10日傍晚，龍湖發佈董事會副主席、非執行董事邵明曉的退休公告，退休後，邵明曉將不在董事會擔任職務，這位在龍湖“服役”17年的老將，僅以顧問的身份爲龍湖的業務發展提供策略及方向性意見。 出生於1965年的邵明曉，在2006年3月加入龍湖，是負責集團北京業務的總經理；2011年6月3日起，邵明曉成爲龍湖的執行董事，他同時擔任集團常務副總裁兼商業地產部總經理，兩個月後，創始人吳亞軍辭任首席執行官之位，由邵明曉接任。 邵明曉是龍湖公司史上的第二任首席執行官，他在這個職位上連續“服役”兩屆，時間跨度長達十年。 在邵明曉擔任首席執行官的十年間，龍湖的合約銷售額由2011年的382.7億元上升至2021年的2900.9億元，市值也從2011年的492億港元漲到上千億港元。在任期間，邵明曉提出了“擴縱深、近城區、控規模、持商業”、“空間即服務”等戰略，還形成了地產開發、商業投資、租賃住房、空間服務、房屋租售、房屋裝修等多業務並行的商業版圖，而地產以外的業務如今已成爲龍湖的重要板塊。 因爲出色的職業成就，邵明曉於2020年、2021年連續兩年入選福布斯中國最佳CEO榜，這是地產行業唯一入選的CEO。 2022年3月1日，邵明曉升任董事會副主席，由管培生出身的80後職業經理人陳序平接任首席執行官一職。根據21世紀經濟報道當時的報道，一名接近龍湖的人士表示，邵明曉在新崗位上需要輔助董事長做相關戰略工作，發揮其多年來的經驗與能力，爲龍湖集團管理團隊出謀劃策、保駕護航。 不過，數個月後，創始人吳亞軍將權杖交給上任首席執行官僅8個月的80後職業經理人陳序平。 2022年10月28日，龍湖集團宣佈，吳亞軍因個人年齡及身體原因而辭任公司董事會主席、執行董事等全部職務，轉任公司的戰略發展顧問。接任者陳序","listText":"本文來源：時代財經 作者：陳澤旋 左一爲邵明曉 創始人退休不到三個月，龍湖的“二手把”也緊隨其後。 1月10日傍晚，龍湖發佈董事會副主席、非執行董事邵明曉的退休公告，退休後，邵明曉將不在董事會擔任職務，這位在龍湖“服役”17年的老將，僅以顧問的身份爲龍湖的業務發展提供策略及方向性意見。 出生於1965年的邵明曉，在2006年3月加入龍湖，是負責集團北京業務的總經理；2011年6月3日起，邵明曉成爲龍湖的執行董事，他同時擔任集團常務副總裁兼商業地產部總經理，兩個月後，創始人吳亞軍辭任首席執行官之位，由邵明曉接任。 邵明曉是龍湖公司史上的第二任首席執行官，他在這個職位上連續“服役”兩屆，時間跨度長達十年。 在邵明曉擔任首席執行官的十年間，龍湖的合約銷售額由2011年的382.7億元上升至2021年的2900.9億元，市值也從2011年的492億港元漲到上千億港元。在任期間，邵明曉提出了“擴縱深、近城區、控規模、持商業”、“空間即服務”等戰略，還形成了地產開發、商業投資、租賃住房、空間服務、房屋租售、房屋裝修等多業務並行的商業版圖，而地產以外的業務如今已成爲龍湖的重要板塊。 因爲出色的職業成就，邵明曉於2020年、2021年連續兩年入選福布斯中國最佳CEO榜，這是地產行業唯一入選的CEO。 2022年3月1日，邵明曉升任董事會副主席，由管培生出身的80後職業經理人陳序平接任首席執行官一職。根據21世紀經濟報道當時的報道，一名接近龍湖的人士表示，邵明曉在新崗位上需要輔助董事長做相關戰略工作，發揮其多年來的經驗與能力，爲龍湖集團管理團隊出謀劃策、保駕護航。 不過，數個月後，創始人吳亞軍將權杖交給上任首席執行官僅8個月的80後職業經理人陳序平。 2022年10月28日，龍湖集團宣佈，吳亞軍因個人年齡及身體原因而辭任公司董事會主席、執行董事等全部職務，轉任公司的戰略發展顧問。接任者陳序","text":"本文來源：時代財經 作者：陳澤旋 左一爲邵明曉 創始人退休不到三個月，龍湖的“二手把”也緊隨其後。 1月10日傍晚，龍湖發佈董事會副主席、非執行董事邵明曉的退休公告，退休後，邵明曉將不在董事會擔任職務，這位在龍湖“服役”17年的老將，僅以顧問的身份爲龍湖的業務發展提供策略及方向性意見。 出生於1965年的邵明曉，在2006年3月加入龍湖，是負責集團北京業務的總經理；2011年6月3日起，邵明曉成爲龍湖的執行董事，他同時擔任集團常務副總裁兼商業地產部總經理，兩個月後，創始人吳亞軍辭任首席執行官之位，由邵明曉接任。 邵明曉是龍湖公司史上的第二任首席執行官，他在這個職位上連續“服役”兩屆，時間跨度長達十年。 在邵明曉擔任首席執行官的十年間，龍湖的合約銷售額由2011年的382.7億元上升至2021年的2900.9億元，市值也從2011年的492億港元漲到上千億港元。在任期間，邵明曉提出了“擴縱深、近城區、控規模、持商業”、“空間即服務”等戰略，還形成了地產開發、商業投資、租賃住房、空間服務、房屋租售、房屋裝修等多業務並行的商業版圖，而地產以外的業務如今已成爲龍湖的重要板塊。 因爲出色的職業成就，邵明曉於2020年、2021年連續兩年入選福布斯中國最佳CEO榜，這是地產行業唯一入選的CEO。 2022年3月1日，邵明曉升任董事會副主席，由管培生出身的80後職業經理人陳序平接任首席執行官一職。根據21世紀經濟報道當時的報道，一名接近龍湖的人士表示，邵明曉在新崗位上需要輔助董事長做相關戰略工作，發揮其多年來的經驗與能力，爲龍湖集團管理團隊出謀劃策、保駕護航。 不過，數個月後，創始人吳亞軍將權杖交給上任首席執行官僅8個月的80後職業經理人陳序平。 2022年10月28日，龍湖集團宣佈，吳亞軍因個人年齡及身體原因而辭任公司董事會主席、執行董事等全部職務，轉任公司的戰略發展顧問。接任者陳序","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/628541498","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953962571,"gmtCreate":1673139361693,"gmtModify":1676538790687,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Indeed, the logic of Tesla is not right to me","listText":"Indeed, the logic of Tesla is not right to me","text":"Indeed, the logic of Tesla is not right to me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953962571","repostId":"2301735492","repostType":2,"repost":{"id":"2301735492","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":1673137769,"share":"https://ttm.financial/m/news/2301735492?lang=&edition=fundamental","pubTime":"2023-01-08 08:29","market":"us","language":"en","title":"Tesla Owners in China Protest Against Surprise Price Cuts They Missed","url":"https://stock-news.laohu8.com/highlight/detail?id=2301735492","media":"Reuters","summary":"SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distr","content":"<html><head></head><body><p>SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker&#39;s showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.</p><p>On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker&#39;s decision to slash prices for the second time in three months on Friday.</p><p>Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.</p><p>Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.</p><p>After Friday&#39;s surprise discounts, Tesla&#39;s EV prices in China are now between 13% and 24% below their September levels.</p><p>Analysts have said Tesla&#39;s move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world&#39;s largest market for battery-powered cars.</p><p>While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.</p><p>&#34;It may be a normal business practice but this is not how a responsible enterprise should behave,&#34; said one Tesla owner protesting at the company&#39;s delivery centre in Shanghai&#39;s Minhang suburb on Saturday who gave his surname as Zhang.</p><p>He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday&#39;s price cut and Tesla&#39;s lack of an explanation to recent buyers.</p><p>Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.</p><p>About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.</p><p>Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.</p><h2>&#39;RETURN THE MONEY&#39;</h2><p>Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.</p><p>One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, &#34;Return the money, refund our cars.&#34;</p><p>Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.</p><p>Reuters was unable to verify the content of either video.</p><p>Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.</p><p>He did not respond when asked to comment on the protests.</p><p>China accounted for about a third of Tesla&#39;s global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.</p><p>Analysts have been positive about the potential for Tesla&#39;s price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.</p><p>&#34;Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China],&#34; said Bill Russo, head of consultancy Automobility Ltd in Shanghai.</p><p>&#34;They are in a much bigger EV market with companies that can price more aggressively than they can, until now.&#34;</p><p>In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company&#39;s handling of her complaints about her car&#39;s brakes.</p><p>Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Owners in China Protest Against Surprise Price Cuts They Missed</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\">\nTesla Owners in China Protest Against Surprise Price Cuts They Missed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-01-08 08:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker&#39;s showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.</p><p>On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker&#39;s decision to slash prices for the second time in three months on Friday.</p><p>Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.</p><p>Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.</p><p>After Friday&#39;s surprise discounts, Tesla&#39;s EV prices in China are now between 13% and 24% below their September levels.</p><p>Analysts have said Tesla&#39;s move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world&#39;s largest market for battery-powered cars.</p><p>While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.</p><p>&#34;It may be a normal business practice but this is not how a responsible enterprise should behave,&#34; said one Tesla owner protesting at the company&#39;s delivery centre in Shanghai&#39;s Minhang suburb on Saturday who gave his surname as Zhang.</p><p>He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday&#39;s price cut and Tesla&#39;s lack of an explanation to recent buyers.</p><p>Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.</p><p>About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.</p><p>Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.</p><h2>&#39;RETURN THE MONEY&#39;</h2><p>Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.</p><p>One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, &#34;Return the money, refund our cars.&#34;</p><p>Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.</p><p>Reuters was unable to verify the content of either video.</p><p>Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.</p><p>He did not respond when asked to comment on the protests.</p><p>China accounted for about a third of Tesla&#39;s global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.</p><p>Analysts have been positive about the potential for Tesla&#39;s price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.</p><p>&#34;Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China],&#34; said Bill Russo, head of consultancy Automobility Ltd in Shanghai.</p><p>&#34;They are in a much bigger EV market with companies that can price more aggressively than they can, until now.&#34;</p><p>In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company&#39;s handling of her complaints about her car&#39;s brakes.</p><p>Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4548":"巴美列捷福持仓","BK4099":"汽车制造商","BK4585":"ETF&股票定投概念","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4527":"明星科技股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301735492","content_text":"SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker's decision to slash prices for the second time in three months on Friday.Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.After Friday's surprise discounts, Tesla's EV prices in China are now between 13% and 24% below their September levels.Analysts have said Tesla's move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world's largest market for battery-powered cars.While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.\"It may be a normal business practice but this is not how a responsible enterprise should behave,\" said one Tesla owner protesting at the company's delivery centre in Shanghai's Minhang suburb on Saturday who gave his surname as Zhang.He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday's price cut and Tesla's lack of an explanation to recent buyers.Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.'RETURN THE MONEY'Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, \"Return the money, refund our cars.\"Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.Reuters was unable to verify the content of either video.Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.He did not respond when asked to comment on the protests.China accounted for about a third of Tesla's global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.Analysts have been positive about the potential for Tesla's price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.\"Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China],\" said Bill Russo, head of consultancy Automobility Ltd in Shanghai.\"They are in a much bigger EV market with companies that can price more aggressively than they can, until now.\"In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company's handling of her complaints about her car's brakes.Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959720035,"gmtCreate":1673074221628,"gmtModify":1676538784191,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"I don't think so","listText":"I don't think so","text":"I don't think so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959720035","repostId":"1199658349","repostType":2,"repost":{"id":"1199658349","pubTimestamp":1673059317,"share":"https://ttm.financial/m/news/1199658349?lang=&edition=fundamental","pubTime":"2023-01-07 10:41","market":"us","language":"en","title":"Dethroned \"SPAC King\" Thinks Musk Will Take Starlink Public This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1199658349","media":"Bloomberg","summary":"Chamath Palihapitiya made the prediction on his podcast All-InSpaceX CEO previously said Starlink IP","content":"<html><head></head><body><ul><li>Chamath Palihapitiya made the prediction on his podcast All-In</li><li>SpaceX CEO previously said Starlink IPO was four years away</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8742a2aad739ea9b2aecec68b7469791\" tg-width=\"1000\" tg-height=\"667\" width=\"100%\" height=\"auto\"/><span>Chamath Palihapitiya Photographer: David Paul Morris/Bloomberg</span></p><p>Chamath Palihapitiya, a former Facebook Inc. executive and prominent investor known for his “blank-check” companies, is predicting that SpaceX’s internet-from-space initiative Starlink will go public in 2023, years earlier than planned.</p><p>Palihapitiya said on his podcast <i>All-In</i> that a Starlink IPO could give chief executive Elon Musk more financial flexibility and would be “an obvious outcome in 2023.”</p><p>The comments came on the episode of the podcast where he and his two co-hosts, investors Jason Calacanis and David Sacks, predict trends and events across the technology industry in the year ahead.</p><p>“[Musk] talked about this on our pod, about the difficulties and the dangers of margin loans and all of that stuff,” Palihapitiya said. “He’s going to create breathing room for himself. This is the simplest and most obvious way for him to do it. It’ll give him a ton of more dry powder.”</p><p>It wasn’t clear from his comments whether he had information about specific plans from Space Exploration Technologies Corp. or was just speculating. While Palihapitiya is not known to be particularly close to Musk, both co-hosts Calacanis and Sacks are, and have been involved in the SpaceX and Tesla Inc. CEO’s recent ownership of Twitter Inc.</p><p>Both Musk and SpaceX’s president, Gwynne Shotwell, have made various comments over the years about the Starlink initiative eventually breaking off from the rest of the company and going public. In February 2020, after SpaceX had launched a couple hundred Starlink satellites, Shotwell said that the unit was “the right kind of business that we can go ahead and take public.” However, shortly after her comments, Musk said that SpaceX was thinking “zero” about a Starlink IPO.</p><p>“We need to make the thing work,” he said during a fireside chat in Washington.</p><p>Musk said in spring 2022 during a SpaceX all-hands meeting that a Starlink IPO was at least three to four years away, CNBC reported.</p><p>A public offering this year might not be the best timing. Concerns about a slowing economy limited IPOs in 2022, and rising interest rates and a potential US recession continue to be drags on the market.</p><p>Palihapitiya has spent the past three years taking startups public through special-purpose acquisition companies, blank-check firms that provide an alternate route to IPOs or direct listings. His promotion of these investments and so-called meme stocks led to him being unofficially crowned the “SPAC King.</p><p>Like other SPAC companies and the tech market at large, many of Palihapitiya’s investments have lost significant value since he took them public. Online bank SoFi Technologies Inc. has fallen 79% since June 2021. Space tourism company Virgin Galactic Holdings Inc. has dropped 66%. Two of his blank-check companies shuttered in September after failing to find deals.</p><p>Palihapitiya and SpaceX did not immediately respond to requests for comment.</p><p>SpaceX’s Starlink program entails launching thousands of satellites into low orbits above Earth in order to provide global low-latency broadband internet service to the ground below. So far, the company has more than 3,300 satellites in orbit, and SpaceX recently claimed to have 1 million subscribers. In December, SpaceX also received authorization from the US Federal Communications Commission to launch an additional 7,500 satellites, part of a new shell called Gen 2.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dethroned \"SPAC King\" Thinks Musk Will Take Starlink Public This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDethroned \"SPAC King\" Thinks Musk Will Take Starlink Public This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-07 10:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-06/dethroned-spac-king-chamath-palihapitiya-thinks-musk-will-ipo-starlink-this-year?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chamath Palihapitiya made the prediction on his podcast All-InSpaceX CEO previously said Starlink IPO was four years awayChamath Palihapitiya Photographer: David Paul Morris/BloombergChamath ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-06/dethroned-spac-king-chamath-palihapitiya-thinks-musk-will-ipo-starlink-this-year?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2023-01-06/dethroned-spac-king-chamath-palihapitiya-thinks-musk-will-ipo-starlink-this-year?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199658349","content_text":"Chamath Palihapitiya made the prediction on his podcast All-InSpaceX CEO previously said Starlink IPO was four years awayChamath Palihapitiya Photographer: David Paul Morris/BloombergChamath Palihapitiya, a former Facebook Inc. executive and prominent investor known for his “blank-check” companies, is predicting that SpaceX’s internet-from-space initiative Starlink will go public in 2023, years earlier than planned.Palihapitiya said on his podcast All-In that a Starlink IPO could give chief executive Elon Musk more financial flexibility and would be “an obvious outcome in 2023.”The comments came on the episode of the podcast where he and his two co-hosts, investors Jason Calacanis and David Sacks, predict trends and events across the technology industry in the year ahead.“[Musk] talked about this on our pod, about the difficulties and the dangers of margin loans and all of that stuff,” Palihapitiya said. “He’s going to create breathing room for himself. This is the simplest and most obvious way for him to do it. It’ll give him a ton of more dry powder.”It wasn’t clear from his comments whether he had information about specific plans from Space Exploration Technologies Corp. or was just speculating. While Palihapitiya is not known to be particularly close to Musk, both co-hosts Calacanis and Sacks are, and have been involved in the SpaceX and Tesla Inc. CEO’s recent ownership of Twitter Inc.Both Musk and SpaceX’s president, Gwynne Shotwell, have made various comments over the years about the Starlink initiative eventually breaking off from the rest of the company and going public. In February 2020, after SpaceX had launched a couple hundred Starlink satellites, Shotwell said that the unit was “the right kind of business that we can go ahead and take public.” However, shortly after her comments, Musk said that SpaceX was thinking “zero” about a Starlink IPO.“We need to make the thing work,” he said during a fireside chat in Washington.Musk said in spring 2022 during a SpaceX all-hands meeting that a Starlink IPO was at least three to four years away, CNBC reported.A public offering this year might not be the best timing. Concerns about a slowing economy limited IPOs in 2022, and rising interest rates and a potential US recession continue to be drags on the market.Palihapitiya has spent the past three years taking startups public through special-purpose acquisition companies, blank-check firms that provide an alternate route to IPOs or direct listings. His promotion of these investments and so-called meme stocks led to him being unofficially crowned the “SPAC King.Like other SPAC companies and the tech market at large, many of Palihapitiya’s investments have lost significant value since he took them public. Online bank SoFi Technologies Inc. has fallen 79% since June 2021. Space tourism company Virgin Galactic Holdings Inc. has dropped 66%. Two of his blank-check companies shuttered in September after failing to find deals.Palihapitiya and SpaceX did not immediately respond to requests for comment.SpaceX’s Starlink program entails launching thousands of satellites into low orbits above Earth in order to provide global low-latency broadband internet service to the ground below. So far, the company has more than 3,300 satellites in orbit, and SpaceX recently claimed to have 1 million subscribers. In December, SpaceX also received authorization from the US Federal Communications Commission to launch an additional 7,500 satellites, part of a new shell called Gen 2.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950687642,"gmtCreate":1672749658287,"gmtModify":1676538729906,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Try to make a good time","listText":"Try to make a good time","text":"Try to make a good time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950687642","repostId":"2300045322","repostType":2,"repost":{"id":"2300045322","pubTimestamp":1672748079,"share":"https://ttm.financial/m/news/2300045322?lang=&edition=fundamental","pubTime":"2023-01-03 20:14","market":"us","language":"en","title":"Piedmont Lithum Stock Jumps 9% Premarket on News of New Lithium Delivery Deal With Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2300045322","media":"MarketWatch","summary":"Piedmont Lithium Inc. said Tuesday it has amended its agreement with Tesla Inc. to supply the electr","content":"<html><head></head><body><p>Piedmont Lithium Inc. said Tuesday it has amended its agreement with Tesla Inc. to supply the electric vehicle maker with spodumene concentrate, or SC6, from North American Lithium. </p><p>Piedmont will now deliver about 125,000 metric tons of SC6 to Tesla, starting in the second half of 2023 through the end of 2025. The SC6 pricing will be determined by a formula-based mechanism linked to average market prices for lithium hydroxide monohydrate throughout the term of the agreement, the company said in a statement. </p><p>The pair have agreed to binding terms for three years and included an option to renew for another three years. &#34;The electric vehicle and critical battery materials landscape has changed significantly since 2020 and this agreement reflects the importance of -- and growing demand for -- a North American lithium supply chain,&#34; said <a href=\"https://laohu8.com/S/PLL.AU\">Piedmont Lithium</a> President and CEO Keith Phillips in a statement. </p><p>The SC6 will be sourced from Sayona Quebec, with which Piedmont has an agreement to purchase the greater of 113,000 metric tons per year or 50% of SC6 production. Piedmont stock jumped 9% in premarket trade, but have fallen 19% in the last 12 months, while the S&amp;P 500 has fallen 20%.</p></body></html>","source":"mwatch_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Piedmont Lithum Stock Jumps 9% Premarket on News of New Lithium Delivery Deal With Tesla</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\">\nPiedmont Lithum Stock Jumps 9% Premarket on News of New Lithium Delivery Deal With Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-03 20:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/piedmont-lithum-stock-jumps-9-premarket-on-news-of-new-lithium-delivery-deal-with-tesla-2023-01-03?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Piedmont Lithium Inc. said Tuesday it has amended its agreement with Tesla Inc. to supply the electric vehicle maker with spodumene concentrate, or SC6, from North American Lithium. Piedmont will now ...</p>\n\n<a href=\"https://www.marketwatch.com/story/piedmont-lithum-stock-jumps-9-premarket-on-news-of-new-lithium-delivery-deal-with-tesla-2023-01-03?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLL":"Piedmont Lithium Ltd","TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/piedmont-lithum-stock-jumps-9-premarket-on-news-of-new-lithium-delivery-deal-with-tesla-2023-01-03?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2300045322","content_text":"Piedmont Lithium Inc. said Tuesday it has amended its agreement with Tesla Inc. to supply the electric vehicle maker with spodumene concentrate, or SC6, from North American Lithium. Piedmont will now deliver about 125,000 metric tons of SC6 to Tesla, starting in the second half of 2023 through the end of 2025. The SC6 pricing will be determined by a formula-based mechanism linked to average market prices for lithium hydroxide monohydrate throughout the term of the agreement, the company said in a statement. The pair have agreed to binding terms for three years and included an option to renew for another three years. \"The electric vehicle and critical battery materials landscape has changed significantly since 2020 and this agreement reflects the importance of -- and growing demand for -- a North American lithium supply chain,\" said Piedmont Lithium President and CEO Keith Phillips in a statement. The SC6 will be sourced from Sayona Quebec, with which Piedmont has an agreement to purchase the greater of 113,000 metric tons per year or 50% of SC6 production. Piedmont stock jumped 9% in premarket trade, but have fallen 19% in the last 12 months, while the S&P 500 has fallen 20%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927490851,"gmtCreate":1672549298174,"gmtModify":1676538704232,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"2023","listText":"2023","text":"2023","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927490851","repostId":"1144201657","repostType":2,"repost":{"id":"1144201657","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":1672454951,"share":"https://ttm.financial/m/news/1144201657?lang=&edition=fundamental","pubTime":"2022-12-31 10:49","market":"us","language":"en","title":"2022 Recap: How the S&P 500 Sectors Have Performed?","url":"https://stock-news.laohu8.com/highlight/detail?id=1144201657","media":"Tiger Newspress","summary":"The year 2022 has been very challenging for the U.S. stock market. The value of the S&P 500 index ha","content":"<html><head></head><body><p>The year 2022 has been very challenging for the U.S. stock market. The value of the S&amp;P 500 index has decreased by 19.44%. The Dow Jones Industrial Average has seen a loss of 8.78%, while the Nasdaq Composite has lost more than 33%. The hawkish monetary policy established by the Fed in the U.S. and inflation achieving its top reading in over 40 years were the primary factors that led to the majority of the sell-off that took place.</p><p>Communication services was the worst performing sector in the S&amp;P 500 this year, falling more than 40%, followed by consumer discretionary. Energy was the only sector to rise, climbing 59%.</p><p>The following table details the overall performance of the S&amp;P sectors in 2022.</p><p><img src=\"https://static.tigerbbs.com/6b9310d0d8036bbf5f362706564f0735\" tg-width=\"1500\" tg-height=\"1700\" width=\"100%\" height=\"auto\"/></p><h2>Energy Sector</h2><p>If there is one industry that has been able to give even the most inexperienced trader a significant tailwind, it is the energy industry. </p><p>The conflict in Ukraine drove up the price of energy to within striking distance of all-time highs; for example, the price of Brent oil peaked at $130 a barrel. </p><p>The energy industry as a whole did exceptionally well, and it was the top-performing sector for the S&amp;P with gains of 59.05%. In general, the energy sector&#39;s performance was quite positive. </p><h2>Consumer Staples</h2><p>When the economy shows signs of slowing down, investors and traders tend to flock to this specific industry since it works as a safe haven for their money. But it has nevertheless posted losses of over 3% this year. As a general rule, during times of economic difficulty, this industry does see a larger proportion of mergers and acquisitions (M&amp;A) activity because values decrease to a level that is more acceptable. On the other hand, this year there have been very few significant deals that have taken place. </p><h2>Financial Sector</h2><p>This specific industry, which many people believed would do well, failed to impress on the scoreboard, and its value has dropped by more than 12% this year. The Federal Reserve in the United States has recently boosted interest rates at the most aggressive levels in decades. This caused a tremendous amount of volatility in the market, which resulted in a significant number of banks reporting a respectable profit from their trading operations. In spite of this, many people have started to examine the state of their company&#39;s balance sheet as a result of rising interest rates because they are concerned about their ability to weather an economic downturn and maintain a healthy financial position. </p><h2>Information Technology Sector</h2><p>The information technology sector of the S&amp;P 500 saw a year-to-date decrease of 28.91%. The Federal Reserve proceeded to rapidly boost interest rates, which resulted in a slowdown in economic activity. Additionally, there was a great possibility that a recession would take place in the United States. As a result, a huge number of corporations reduced their CAPM. As a direct consequence of this, we saw a significant number of firms&#39; stock prices significantly decline.</p><h2>Consumer Discretionary Sector</h2><p>This industry has lost more than 37% in 2022. It is important to keep in mind that this specific industry is representative of discretionary expenditure, and we are aware that, as a result of inflation and interest rates reaching multi-decade highs, disposable income was tremendously affected in a negative way. Consumers have been having a hard time keeping up with their cost of living and have been making cutbacks wherever they can find the opportunity. As a result, we saw a significant increase in the amount of competitive selling in this industry.</p><h2>Communication Services Sector</h2><p>Shares of communications services firms have had a year decline in value of 40.42 percent. This collection of companies carried a substantial amount of debt, which, when combined with rising interest rates and subsequent increases in the amount of interest that was payable each month, was a significant strain on the company&#39;s finances. In addition, interest rates continued to rise, which further increased the amount of interest that was payable each month. It is also usual for communications companies to have high dividend payout ratios, which made matters even more difficult for them. As a direct result of all of these challenges, this sector has had a terrible year.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2022 Recap: How the S&P 500 Sectors Have Performed?</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\">\n2022 Recap: How the S&P 500 Sectors Have Performed?\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\">2022-12-31 10:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The year 2022 has been very challenging for the U.S. stock market. The value of the S&amp;P 500 index has decreased by 19.44%. The Dow Jones Industrial Average has seen a loss of 8.78%, while the Nasdaq Composite has lost more than 33%. The hawkish monetary policy established by the Fed in the U.S. and inflation achieving its top reading in over 40 years were the primary factors that led to the majority of the sell-off that took place.</p><p>Communication services was the worst performing sector in the S&amp;P 500 this year, falling more than 40%, followed by consumer discretionary. Energy was the only sector to rise, climbing 59%.</p><p>The following table details the overall performance of the S&amp;P sectors in 2022.</p><p><img src=\"https://static.tigerbbs.com/6b9310d0d8036bbf5f362706564f0735\" tg-width=\"1500\" tg-height=\"1700\" width=\"100%\" height=\"auto\"/></p><h2>Energy Sector</h2><p>If there is one industry that has been able to give even the most inexperienced trader a significant tailwind, it is the energy industry. </p><p>The conflict in Ukraine drove up the price of energy to within striking distance of all-time highs; for example, the price of Brent oil peaked at $130 a barrel. </p><p>The energy industry as a whole did exceptionally well, and it was the top-performing sector for the S&amp;P with gains of 59.05%. In general, the energy sector&#39;s performance was quite positive. </p><h2>Consumer Staples</h2><p>When the economy shows signs of slowing down, investors and traders tend to flock to this specific industry since it works as a safe haven for their money. But it has nevertheless posted losses of over 3% this year. As a general rule, during times of economic difficulty, this industry does see a larger proportion of mergers and acquisitions (M&amp;A) activity because values decrease to a level that is more acceptable. On the other hand, this year there have been very few significant deals that have taken place. </p><h2>Financial Sector</h2><p>This specific industry, which many people believed would do well, failed to impress on the scoreboard, and its value has dropped by more than 12% this year. The Federal Reserve in the United States has recently boosted interest rates at the most aggressive levels in decades. This caused a tremendous amount of volatility in the market, which resulted in a significant number of banks reporting a respectable profit from their trading operations. In spite of this, many people have started to examine the state of their company&#39;s balance sheet as a result of rising interest rates because they are concerned about their ability to weather an economic downturn and maintain a healthy financial position. </p><h2>Information Technology Sector</h2><p>The information technology sector of the S&amp;P 500 saw a year-to-date decrease of 28.91%. The Federal Reserve proceeded to rapidly boost interest rates, which resulted in a slowdown in economic activity. Additionally, there was a great possibility that a recession would take place in the United States. As a result, a huge number of corporations reduced their CAPM. As a direct consequence of this, we saw a significant number of firms&#39; stock prices significantly decline.</p><h2>Consumer Discretionary Sector</h2><p>This industry has lost more than 37% in 2022. It is important to keep in mind that this specific industry is representative of discretionary expenditure, and we are aware that, as a result of inflation and interest rates reaching multi-decade highs, disposable income was tremendously affected in a negative way. Consumers have been having a hard time keeping up with their cost of living and have been making cutbacks wherever they can find the opportunity. As a result, we saw a significant increase in the amount of competitive selling in this industry.</p><h2>Communication Services Sector</h2><p>Shares of communications services firms have had a year decline in value of 40.42 percent. This collection of companies carried a substantial amount of debt, which, when combined with rising interest rates and subsequent increases in the amount of interest that was payable each month, was a significant strain on the company&#39;s finances. In addition, interest rates continued to rise, which further increased the amount of interest that was payable each month. It is also usual for communications companies to have high dividend payout ratios, which made matters even more difficult for them. As a direct result of all of these challenges, this sector has had a terrible year.</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":"1144201657","content_text":"The year 2022 has been very challenging for the U.S. stock market. The value of the S&P 500 index has decreased by 19.44%. The Dow Jones Industrial Average has seen a loss of 8.78%, while the Nasdaq Composite has lost more than 33%. The hawkish monetary policy established by the Fed in the U.S. and inflation achieving its top reading in over 40 years were the primary factors that led to the majority of the sell-off that took place.Communication services was the worst performing sector in the S&P 500 this year, falling more than 40%, followed by consumer discretionary. Energy was the only sector to rise, climbing 59%.The following table details the overall performance of the S&P sectors in 2022.Energy SectorIf there is one industry that has been able to give even the most inexperienced trader a significant tailwind, it is the energy industry. The conflict in Ukraine drove up the price of energy to within striking distance of all-time highs; for example, the price of Brent oil peaked at $130 a barrel. The energy industry as a whole did exceptionally well, and it was the top-performing sector for the S&P with gains of 59.05%. In general, the energy sector's performance was quite positive. Consumer StaplesWhen the economy shows signs of slowing down, investors and traders tend to flock to this specific industry since it works as a safe haven for their money. But it has nevertheless posted losses of over 3% this year. As a general rule, during times of economic difficulty, this industry does see a larger proportion of mergers and acquisitions (M&A) activity because values decrease to a level that is more acceptable. On the other hand, this year there have been very few significant deals that have taken place. Financial SectorThis specific industry, which many people believed would do well, failed to impress on the scoreboard, and its value has dropped by more than 12% this year. The Federal Reserve in the United States has recently boosted interest rates at the most aggressive levels in decades. This caused a tremendous amount of volatility in the market, which resulted in a significant number of banks reporting a respectable profit from their trading operations. In spite of this, many people have started to examine the state of their company's balance sheet as a result of rising interest rates because they are concerned about their ability to weather an economic downturn and maintain a healthy financial position. Information Technology SectorThe information technology sector of the S&P 500 saw a year-to-date decrease of 28.91%. The Federal Reserve proceeded to rapidly boost interest rates, which resulted in a slowdown in economic activity. Additionally, there was a great possibility that a recession would take place in the United States. As a result, a huge number of corporations reduced their CAPM. As a direct consequence of this, we saw a significant number of firms' stock prices significantly decline.Consumer Discretionary SectorThis industry has lost more than 37% in 2022. It is important to keep in mind that this specific industry is representative of discretionary expenditure, and we are aware that, as a result of inflation and interest rates reaching multi-decade highs, disposable income was tremendously affected in a negative way. Consumers have been having a hard time keeping up with their cost of living and have been making cutbacks wherever they can find the opportunity. As a result, we saw a significant increase in the amount of competitive selling in this industry.Communication Services SectorShares of communications services firms have had a year decline in value of 40.42 percent. This collection of companies carried a substantial amount of debt, which, when combined with rising interest rates and subsequent increases in the amount of interest that was payable each month, was a significant strain on the company's finances. In addition, interest rates continued to rise, which further increased the amount of interest that was payable each month. It is also usual for communications companies to have high dividend payout ratios, which made matters even more difficult for them. As a direct result of all of these challenges, this sector has had a terrible year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924836086,"gmtCreate":1672216450346,"gmtModify":1676538654083,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"250","listText":"250","text":"250","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924836086","repostId":"2294430679","repostType":2,"repost":{"id":"2294430679","pubTimestamp":1672209012,"share":"https://ttm.financial/m/news/2294430679?lang=&edition=fundamental","pubTime":"2022-12-28 14:30","market":"us","language":"en","title":"Microsoft: Undervalued With Outstanding Cloud Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=2294430679","media":"Seekingalpha","summary":"When tough economic times reign, we see who has the best and worst business models. Many of the so-c","content":"<html><head></head><body><p>When tough economic times reign, we see who has the best and worst business models. Many of the so-called &#34;FANG&#34; stocks such as Facebook (now <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, <a href=\"https://laohu8.com/S/NFLX\">Netflix </a> and even Google (GOOG) (GOOGL), have reported relatively poor earnings and seen their stock price get decimated (see my other posts). However, <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corporation</a> continues to roar ahead and produced strong financial results, beating both revenue and earnings growth estimates in fiscal Q1 2023. In this post, I&#39;m going to break down its financials and valuation. Let&#39;s dive in.</p><p></p><p><img src=\"https://static.tigerbbs.com/d50703b2ea5e1ae4c59894f07af29aa7\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><h2>Solid Financials</h2><p>Microsoft reported solid financial results for the third quarter of fiscal year 2023. Revenue was $50.12 billion, which beat analyst estimates by $435.21 million and increased by 11% year over year. Its international revenue was impacted by foreign exchange headwinds from a strong U.S. dollar; thus, it increased by 16% year over year, on a constant currency basis. At a high level, the Productivity and Cloud segments drove the strongest growth with increases of 9% and 20% respectively. Both segments were impacted substantially by foreign exchange headwinds and reported much faster growth of 15% and 26% on a constant currency basis. The &#34;More Personal Computing&#34; segment was a laggard, with flat growth reported. This was driven by the cyclical decline in PCs and gaming. Although a positive is on a constant currency basis, even this segment was up by 3% YoY.<img src=\"https://static.tigerbbs.com/159f58d54bb0b191ccd2c9dc33423231\" tg-width=\"640\" tg-height=\"175\" referrerpolicy=\"no-referrer\"/></p><p>Segment Revenue (Q1,FY23 report)</p><p>I will now break down its business segments in more granular detail, so we can really understand the winners and losers of this trillion-dollar company. Microsoft&#39;s productivity and business processes segment reported solid growth across the board. Its Office consumer products grew revenue by 7% each for its commercial and consumer products respectively. Both products reported slightly declining growth from the 9% in the prior quarter. However, when we take foreign currency changes into account, its growth rate was 13% for commercial products which was level with the prior quarter. Microsoft 365 consumer subscribers continued to grow to 61.3 million, up from 54.1 million in the same quarter last year.</p><p></p><p><img src=\"https://static.tigerbbs.com/1ab74641a24d8ba3e3befc218cef3edb\" tg-width=\"640\" tg-height=\"133\" referrerpolicy=\"no-referrer\"/></p><p>Productivity segment (Q1,FY23)</p><p>Microsoft Dynamics is a suite of enterprise applications used by the likes of Chevron, Coca-Cola, BMW, and many more. This product suite reported solid growth of 15% YoY or 22% on a constant basis. Again, this growth rate was slower than the prior quarter but still solid overall. I suspect the trend of slowing growth is more driven by the macroeconomic environment, as opposed to Microsoft&#39;s market position specifically, as we are seeing a similar pattern across the board.</p><p>LinkedIn was a standout performer with 17% revenue growth reported, or 21% on a constant currency basis. LinkedIn is the world&#39;s largest professional social network with approximately 822 million users. LinkedIn is substantially smaller than the likes of Facebook and Instagram with ~2.88 billion monthly active users across both apps. However, LinkedIn is an immensely valuable platform, as its users are highly valued by recruiters, those looking for a job, and B2B salespeople.</p><p>LinkedIn is one of the few places where you can connect with a CEO, or create a targeted list of Senior VPs at technology companies. This means many of its users are happy to pay for tools such as LinkedIn Sales Navigator and it is popular for Account Based Marketing, which is basically modern-day B2B marketing. LinkedIn also faces less competition from other social media companies, as I personally can&#39;t think of another professional social network, can you? Whereas in the traditional social media landscape, we have TikTok which is fast eating Meta&#39;s lunch and now has ~1 billion monthly active users. Then of course, there is Snapchat, Twitter, and even BeReal a new viral platform. If I could invest in LinkedIn alone, I would due to its dominant market position and huge untapped potential.</p><p>Microsoft&#39;s second major segment is its &#34;Intelligent Cloud&#34; Azure which has grown to become the largest revenue driver of the company, contributing to 40% of revenue in Q1, FY23. The Intelligent Cloud segment reported $20.33 billion in revenue which increased by 20% year over year or 26% on a constant currency basis, this is the fastest-growing segment of the company.</p><p></p><p><img src=\"https://static.tigerbbs.com/6b2cd1a8411e99b1af4e18a005b91e00\" tg-width=\"640\" tg-height=\"362\" referrerpolicy=\"no-referrer\"/></p><p>Intelligent Cloud (Q1,FY23)</p><p>Microsoft Azure is the second largest cloud infrastructure provider in the world with 21% market share. This is behind AWS with a 34% market but is still well ahead of Google Cloud which has &#34;just&#34; 11% market share. Microsoft was late out of the starting blocks creating its Azure Cloud, which was released in 2008, two years after AWS which was launched in 2006. However, the company has rapidly gained market share and carved out a strong position as a favorite for a &#34;hybrid cloud&#34; setup. For some background, the &#34;cloud&#34; is basically just a data center that offers computing, storage, or databases as a service. A hybrid model generally involves keeping some IT resources onsite or using multiple providers usually for security or data residency reasons. According to a study by Cisco, 82% of IT decision makers are planning a hybrid cloud strategy. Therefore, Azure is well suited to benefit from this trend. In addition, online reviews indicate Azure has a better user interface than AWS and it is popular with those who want to use Windows for setup. The cloud industry is forecast to grow at a 19.9% compounded annual growth rate and reach $1.7 trillion by 2029.</p><p></p><p><img src=\"https://static.tigerbbs.com/e8375a6c5d4281dae729a1dd29c577ce\" tg-width=\"640\" tg-height=\"614\" referrerpolicy=\"no-referrer\"/></p><p>Cloud market share (Statista)</p><p>Microsoft&#39;s third segment is its &#34;More Personal Computing&#34; which reported $13.33 billion in revenue, which was basically flat compared to the prior year.</p><p></p><p><img src=\"https://static.tigerbbs.com/fa339781a0337648860808e50228b99c\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"/></p><p>More Personal Computing (Q1,FY23)</p><p>Breaking down this segment, we can see its flat growth was driven by a 15% decline in Windows OEM revenue. This was caused by a downturn in the PC market, after a boom in 2020 and 2021. A positive is the PC market tends to be cyclical by nature and thus I don&#39;t deem this to be a long-term issue. Xbox also reported a similar trend with a 3% revenue decline year over year, again this was driven by a lower gaming engagement after a boom in 2020. The gaming industry is forecasted to continue to grow at a 12.9% CAGR and thus I don&#39;t deem this to be a major issue long term. On a positive note, search and news advertising reported solid growth of 16% year over year or 21% on a constant currency basis.<img src=\"https://static.tigerbbs.com/8c63ed4ed50bd58d378f451c2c49c879\" tg-width=\"640\" tg-height=\"117\" referrerpolicy=\"no-referrer\"/></p><p>More Personal Computing (Q1,FY23)</p><h3>Profitability and Balance Sheet</h3><p>Microsoft&#39;s total business reported earnings per share [EPS] of $2.35, which beat analyst estimates by $0.06. Its Productivity business segment reported a 10% increase in operating income to $8.32 billion. While its Intelligent Cloud segment drove the majority of profits with $8.98 billion in operating income reported, up 17% year over year. As expected, the &#34;More Personal Computing&#34; segment reported a 15% decline in operating income to $4.22 billion.</p><p>Microsoft also has a fortress balance sheet with $107.24 billion in cash and short-term investments. The company does have fairly high debt of $77 billion, but the majority, $45.37 billion is long-term debt.</p><p>Microsoft&#39;s guidance was not the best, as the company expects between $52.35 billion and $53.35 billion in Q2, FY23. This would represent a growth rate of ~2% and is lower than analyst expectations of $56.05 billion. This poor guidance looks to be mostly driven by the macroeconomic environment, but I don&#39;t believe this is a major issue long term.</p><h2>Advanced Valuation Model</h2><p>I have plugged Microsoft&#39;s financials into my discounted cash flow (&#34;DCF&#34;) model. I have forecasted just 2% growth for next year, which is based upon an extrapolation of management guidance for the next quarter. In years 2 to 5, I have forecasted 15% revenue growth per year, based upon a cyclical rebound in the gaming and PC market, as well as continued growth in the cloud.</p><p></p><p><img src=\"https://static.tigerbbs.com/7839e573a5ff96b8cadd3d45e5598f1c\" tg-width=\"640\" tg-height=\"311\" referrerpolicy=\"no-referrer\"/></p><p>Microsoft stock valuation 1 (created by author Ben at Motivation 2 Invest)</p><p>To increase the accuracy of the valuation, I have capitalized R&amp;D expenses which has lifted net income. In addition, I have forecasted the company&#39;s operating margin to increase to 47% over the next 5 years, based upon profitability improvements in the &#34;More Personal Computing&#34; segment as it recovers.<img src=\"https://static.tigerbbs.com/d5d1b879c276221761b39940a39f97bd\" tg-width=\"640\" tg-height=\"457\" referrerpolicy=\"no-referrer\"/></p><p>Microsoft stock valuation 2 (created by author Ben at Motivation 2 Invest)</p><p>Given these factors, I get a fair value of $271 per share. Microsoft stock is trading at $239 per share at the time of writing and thus is ~12% undervalued.</p><p>Microsoft is trading at a forward price to earnings ratio = 25, which may not seem cheap but is 18.77% cheaper than its 5 year average.</p><p><img src=\"https://static.tigerbbs.com/64ee69d72af2c73b181a51260c4ecac3\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><h2>Risks</h2><h3>Recession/Lower Demand</h3><p>Many analysts have forecasted a recession due to the high inflation and rising interest rate environment. This will likely result in lower demand and slowing growth across the board for most companies, including Microsoft.</p><h2>Final Thoughts</h2><p>Microsoft Corporation is a dominant technology company that has continually executed its &#34;fast follow&#34; strategy to a tee. The company has produced strong financial results for decades and even has performed well during a recessionary environment. Microsoft stock is undervalued intrinsically, and given a cyclical rebound in the PC &amp; gaming market is expected, Microsoft could be a great long-term investment.</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>Microsoft: Undervalued With Outstanding Cloud Growth</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\">\nMicrosoft: Undervalued With Outstanding Cloud Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-28 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4566632-microsoft-undervalued-with-outstanding-cloud-growth><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When tough economic times reign, we see who has the best and worst business models. Many of the so-called \"FANG\" stocks such as Facebook (now Meta Platforms, Amazon, Netflix  and even Google (GOOG) (...</p>\n\n<a href=\"https://seekingalpha.com/article/4566632-microsoft-undervalued-with-outstanding-cloud-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4566632-microsoft-undervalued-with-outstanding-cloud-growth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2294430679","content_text":"When tough economic times reign, we see who has the best and worst business models. Many of the so-called \"FANG\" stocks such as Facebook (now Meta Platforms, Amazon, Netflix  and even Google (GOOG) (GOOGL), have reported relatively poor earnings and seen their stock price get decimated (see my other posts). However, Microsoft Corporation continues to roar ahead and produced strong financial results, beating both revenue and earnings growth estimates in fiscal Q1 2023. In this post, I'm going to break down its financials and valuation. Let's dive in.Data by YChartsSolid FinancialsMicrosoft reported solid financial results for the third quarter of fiscal year 2023. Revenue was $50.12 billion, which beat analyst estimates by $435.21 million and increased by 11% year over year. Its international revenue was impacted by foreign exchange headwinds from a strong U.S. dollar; thus, it increased by 16% year over year, on a constant currency basis. At a high level, the Productivity and Cloud segments drove the strongest growth with increases of 9% and 20% respectively. Both segments were impacted substantially by foreign exchange headwinds and reported much faster growth of 15% and 26% on a constant currency basis. The \"More Personal Computing\" segment was a laggard, with flat growth reported. This was driven by the cyclical decline in PCs and gaming. Although a positive is on a constant currency basis, even this segment was up by 3% YoY.Segment Revenue (Q1,FY23 report)I will now break down its business segments in more granular detail, so we can really understand the winners and losers of this trillion-dollar company. Microsoft's productivity and business processes segment reported solid growth across the board. Its Office consumer products grew revenue by 7% each for its commercial and consumer products respectively. Both products reported slightly declining growth from the 9% in the prior quarter. However, when we take foreign currency changes into account, its growth rate was 13% for commercial products which was level with the prior quarter. Microsoft 365 consumer subscribers continued to grow to 61.3 million, up from 54.1 million in the same quarter last year.Productivity segment (Q1,FY23)Microsoft Dynamics is a suite of enterprise applications used by the likes of Chevron, Coca-Cola, BMW, and many more. This product suite reported solid growth of 15% YoY or 22% on a constant basis. Again, this growth rate was slower than the prior quarter but still solid overall. I suspect the trend of slowing growth is more driven by the macroeconomic environment, as opposed to Microsoft's market position specifically, as we are seeing a similar pattern across the board.LinkedIn was a standout performer with 17% revenue growth reported, or 21% on a constant currency basis. LinkedIn is the world's largest professional social network with approximately 822 million users. LinkedIn is substantially smaller than the likes of Facebook and Instagram with ~2.88 billion monthly active users across both apps. However, LinkedIn is an immensely valuable platform, as its users are highly valued by recruiters, those looking for a job, and B2B salespeople.LinkedIn is one of the few places where you can connect with a CEO, or create a targeted list of Senior VPs at technology companies. This means many of its users are happy to pay for tools such as LinkedIn Sales Navigator and it is popular for Account Based Marketing, which is basically modern-day B2B marketing. LinkedIn also faces less competition from other social media companies, as I personally can't think of another professional social network, can you? Whereas in the traditional social media landscape, we have TikTok which is fast eating Meta's lunch and now has ~1 billion monthly active users. Then of course, there is Snapchat, Twitter, and even BeReal a new viral platform. If I could invest in LinkedIn alone, I would due to its dominant market position and huge untapped potential.Microsoft's second major segment is its \"Intelligent Cloud\" Azure which has grown to become the largest revenue driver of the company, contributing to 40% of revenue in Q1, FY23. The Intelligent Cloud segment reported $20.33 billion in revenue which increased by 20% year over year or 26% on a constant currency basis, this is the fastest-growing segment of the company.Intelligent Cloud (Q1,FY23)Microsoft Azure is the second largest cloud infrastructure provider in the world with 21% market share. This is behind AWS with a 34% market but is still well ahead of Google Cloud which has \"just\" 11% market share. Microsoft was late out of the starting blocks creating its Azure Cloud, which was released in 2008, two years after AWS which was launched in 2006. However, the company has rapidly gained market share and carved out a strong position as a favorite for a \"hybrid cloud\" setup. For some background, the \"cloud\" is basically just a data center that offers computing, storage, or databases as a service. A hybrid model generally involves keeping some IT resources onsite or using multiple providers usually for security or data residency reasons. According to a study by Cisco, 82% of IT decision makers are planning a hybrid cloud strategy. Therefore, Azure is well suited to benefit from this trend. In addition, online reviews indicate Azure has a better user interface than AWS and it is popular with those who want to use Windows for setup. The cloud industry is forecast to grow at a 19.9% compounded annual growth rate and reach $1.7 trillion by 2029.Cloud market share (Statista)Microsoft's third segment is its \"More Personal Computing\" which reported $13.33 billion in revenue, which was basically flat compared to the prior year.More Personal Computing (Q1,FY23)Breaking down this segment, we can see its flat growth was driven by a 15% decline in Windows OEM revenue. This was caused by a downturn in the PC market, after a boom in 2020 and 2021. A positive is the PC market tends to be cyclical by nature and thus I don't deem this to be a long-term issue. Xbox also reported a similar trend with a 3% revenue decline year over year, again this was driven by a lower gaming engagement after a boom in 2020. The gaming industry is forecasted to continue to grow at a 12.9% CAGR and thus I don't deem this to be a major issue long term. On a positive note, search and news advertising reported solid growth of 16% year over year or 21% on a constant currency basis.More Personal Computing (Q1,FY23)Profitability and Balance SheetMicrosoft's total business reported earnings per share [EPS] of $2.35, which beat analyst estimates by $0.06. Its Productivity business segment reported a 10% increase in operating income to $8.32 billion. While its Intelligent Cloud segment drove the majority of profits with $8.98 billion in operating income reported, up 17% year over year. As expected, the \"More Personal Computing\" segment reported a 15% decline in operating income to $4.22 billion.Microsoft also has a fortress balance sheet with $107.24 billion in cash and short-term investments. The company does have fairly high debt of $77 billion, but the majority, $45.37 billion is long-term debt.Microsoft's guidance was not the best, as the company expects between $52.35 billion and $53.35 billion in Q2, FY23. This would represent a growth rate of ~2% and is lower than analyst expectations of $56.05 billion. This poor guidance looks to be mostly driven by the macroeconomic environment, but I don't believe this is a major issue long term.Advanced Valuation ModelI have plugged Microsoft's financials into my discounted cash flow (\"DCF\") model. I have forecasted just 2% growth for next year, which is based upon an extrapolation of management guidance for the next quarter. In years 2 to 5, I have forecasted 15% revenue growth per year, based upon a cyclical rebound in the gaming and PC market, as well as continued growth in the cloud.Microsoft stock valuation 1 (created by author Ben at Motivation 2 Invest)To increase the accuracy of the valuation, I have capitalized R&D expenses which has lifted net income. In addition, I have forecasted the company's operating margin to increase to 47% over the next 5 years, based upon profitability improvements in the \"More Personal Computing\" segment as it recovers.Microsoft stock valuation 2 (created by author Ben at Motivation 2 Invest)Given these factors, I get a fair value of $271 per share. Microsoft stock is trading at $239 per share at the time of writing and thus is ~12% undervalued.Microsoft is trading at a forward price to earnings ratio = 25, which may not seem cheap but is 18.77% cheaper than its 5 year average.Data by YChartsRisksRecession/Lower DemandMany analysts have forecasted a recession due to the high inflation and rising interest rate environment. This will likely result in lower demand and slowing growth across the board for most companies, including Microsoft.Final ThoughtsMicrosoft Corporation is a dominant technology company that has continually executed its \"fast follow\" strategy to a tee. The company has produced strong financial results for decades and even has performed well during a recessionary environment. Microsoft stock is undervalued intrinsically, and given a cyclical rebound in the PC & gaming market is expected, Microsoft could be a great long-term investment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925253139,"gmtCreate":1672043694221,"gmtModify":1676538626232,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925253139","repostId":"1173823157","repostType":2,"repost":{"id":"1173823157","pubTimestamp":1672041116,"share":"https://ttm.financial/m/news/1173823157?lang=&edition=fundamental","pubTime":"2022-12-26 15:51","market":"us","language":"en","title":"Here’s Why Apple Stock Will Significantly Recover in 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1173823157","media":"Invezz","summary":"Citi's Jim Suva cites six reasons why Apple stock will do well in 2023.His price objective of $175 r","content":"<html><head></head><body><ul><li>Citi&#39;s Jim Suva cites six reasons why Apple stock will do well in 2023.</li><li>His price objective of $175 represents over a 30% upside from here.</li><li>Apple stock is currently down more than 25% versus the start of 2022.</li></ul><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a> has had an unusually poor 2022 but the coming year will be one of strength, says Jim Suva. He’s a Senior Analyst at Citigroup.</p><h3>Suva’s bull case for the Apple stock</h3><p>Suva expects wage growth in India to drive significant upside for the tech behemoth in 2023. More importantly, he does not expect a consumer slowdown to meaningfully hit iPhone sales.</p><blockquote>Many believe that strong growth seen in iPhones over the past two years will see sharp declines ahead as macro inflationary pressures take a bite out of consumer spending. We don’t believe this is the case.</blockquote><p>The multinational is reportedly only months away from unveiling its AR/VR headset, which, as per the Citi analyst, will be another catalyst for the Apple stock in 2023.</p><p>For the year, shares of the iPhone maker are down more than 25% at writing.</p><h3>What else could help the Apple stock?</h3><p>Suva is also convinced that services growth will pick up moving forward following four consecutive quarters of decline. He sees regulatory risks attributed to its App Store in Europe as overblown as well.</p><blockquote>While the December quarter is constrained by supply (China Covid closures impacting production), we believe demand for Apple’s products and services is likely to remain resilient throughout full year 2023.</blockquote><p>According to the Citi analyst, Apple will spend north of a $100 billion on shareholder returns in the coming year that will further boost its share price.</p><p>He recommends buying Apple stock and sees upside in it to $175 – more than a 30% increase from here.</p></body></html>","source":"lsy1655782831344","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>Here’s Why Apple Stock Will Significantly Recover in 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s Why Apple Stock Will Significantly Recover in 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-26 15:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://invezz.com/news/2022/12/25/buy-apple-stock-for-2023-citi-jim-suva/><strong>Invezz</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citi's Jim Suva cites six reasons why Apple stock will do well in 2023.His price objective of $175 represents over a 30% upside from here.Apple stock is currently down more than 25% versus the start ...</p>\n\n<a href=\"https://invezz.com/news/2022/12/25/buy-apple-stock-for-2023-citi-jim-suva/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://invezz.com/news/2022/12/25/buy-apple-stock-for-2023-citi-jim-suva/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173823157","content_text":"Citi's Jim Suva cites six reasons why Apple stock will do well in 2023.His price objective of $175 represents over a 30% upside from here.Apple stock is currently down more than 25% versus the start of 2022.Apple Inc has had an unusually poor 2022 but the coming year will be one of strength, says Jim Suva. He’s a Senior Analyst at Citigroup.Suva’s bull case for the Apple stockSuva expects wage growth in India to drive significant upside for the tech behemoth in 2023. More importantly, he does not expect a consumer slowdown to meaningfully hit iPhone sales.Many believe that strong growth seen in iPhones over the past two years will see sharp declines ahead as macro inflationary pressures take a bite out of consumer spending. We don’t believe this is the case.The multinational is reportedly only months away from unveiling its AR/VR headset, which, as per the Citi analyst, will be another catalyst for the Apple stock in 2023.For the year, shares of the iPhone maker are down more than 25% at writing.What else could help the Apple stock?Suva is also convinced that services growth will pick up moving forward following four consecutive quarters of decline. He sees regulatory risks attributed to its App Store in Europe as overblown as well.While the December quarter is constrained by supply (China Covid closures impacting production), we believe demand for Apple’s products and services is likely to remain resilient throughout full year 2023.According to the Citi analyst, Apple will spend north of a $100 billion on shareholder returns in the coming year that will further boost its share price.He recommends buying Apple stock and sees upside in it to $175 – more than a 30% increase from here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925135889,"gmtCreate":1671949225342,"gmtModify":1676538614623,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SNY\">$Sanofi SA(SNY)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/SNY\">$Sanofi SA(SNY)$ &nbsp;</a>","text":"$Sanofi SA(SNY)$","images":[{"img":"https://community-static.tradeup.com/news/f2fab98da00fc4664584ac245a04596d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925135889","isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9925135977,"gmtCreate":1671949063000,"gmtModify":1676538614616,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"being driven by a collection of individuals who have pushed them to that \"next\" level. - indeed","listText":"being driven by a collection of individuals who have pushed them to that \"next\" level. - indeed","text":"being driven by a collection of individuals who have pushed them to that \"next\" level. - indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925135977","repostId":"1102593770","repostType":2,"repost":{"id":"1102593770","pubTimestamp":1671940563,"share":"https://ttm.financial/m/news/1102593770?lang=&edition=fundamental","pubTime":"2022-12-25 11:56","market":"us","language":"en","title":"Apple, Google And Amazon: How Big Tech's Sports Splurge Is More Like A Game Of Inches","url":"https://stock-news.laohu8.com/highlight/detail?id=1102593770","media":"Seeking Alpha","summary":"SummaryGoogle, Amazon and Apple have become the companies they are today because they were being dri","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Google, Amazon and Apple have become the companies they are today because they were being driven by a collection of individuals who have pushed them to that &#34;next&#34; level.</li><li>While none of them started as entertainment providers, they’ve all morphed into that space, with sports now playing a more prominent role in their growth - specifically regarding streaming.</li><li>The NFL in particular brings a massive audience to the table, which comes at a massive price and one each is prepared to pay if they see enough value.</li><li>This week Google snared the rights to the “NFL Sunday Ticket” package, following the lead of Apple and Amazon which also have made prior deals for a piece of the football pie.</li><li>This is a long-term play for all three companies as while the linear/broadcast model has taken a hit, it still has strong influence over sports - complicating the encroachment of streamers.</li></ul><p>It has been said “football is a game of inches.”</p><p>The reason is because it&#39;s a game often decided by the narrowest of margins. If you need proof of that go back and watch the end of Super Bowl XXXIV (34).</p><p>Although that expression also has parallels to real life as well because the people who fight for those extra yards tend to be the ones to come out on top. It’s part of the reason we’ve seen Google (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon (AMZN) and Apple (NASDAQ:AAPL) become the companies they are today. Each has been driven by a collection of individuals who have pushed them to the next level.</p><p>While none of them started as entertainment providers they’ve all morphed into that space in the past decade or two. Google with YouTube, Amazon with Prime Video and Apple with…well a lot of things.</p><p>Most of that has stemmed from the evolution of streaming and lately the evolution has come to include sports. From the unpredictability that comes with live games to the fact they occur daily like clockwork, sports give platforms the ability to snare a captive audience for hours at a time.</p><p>And given we spend hours at a time on our phones and computers it’s a natural fit.</p><p>So, it came as no surprise that when the NFL was looking for a new partner for its <i>NFL Sunday Ticket</i>, Google, Amazon and Apple were right at the top of the list of potential teammates (along with places like Disney (NYSE:DIS).</p><p>The NFL brings a massive audience and that commands a massive price tag for the rights to air the games. They have in many ways set the tone for putting a value on sports rights in general.</p><p>For big tech, streaming is a valuable area for their growth as it&#39;s not only a subscription driver at times it also helps with other areas of its business. With <i>Sunday Ticket</i>, ultimately it was Google that came out with the deal, but it wasn’t a forgone conclusion and for investors it&#39;s not something that may have an immediate impact.</p><p>Google, like Amazon and Apple, are playing the long game and going inch by inch as this new landscape continues to unfold for them.</p><p>So, while the ink on the contract is still fresh and shareholders across those various companies are wondering how we got here and what’s next, it seems liked a good time to go behind the numbers a bit.</p><p>This push by the tech world to enter sports is far more detailed than one may imagine. While each of those big three now control a piece of the NFL pie, there&#39;s a reason why each has carved out what it has and for investors to fully weigh their options they need to fully understand the thinking.</p><p>First as always, some background.</p><p>Amazon made history the other year when it acquired the rights to <i>Thursday Night Football</i>. To say the package has made the rounds over the years is an understatement. Originating at CBS and then moving to Fox it now calls Prime Video home (and will for the next decade).</p><p>The shift to streaming was a massive one and raised the questions about whether audiences would follow, truthfully for real fans, it’s not like there was really a choice. They are going to find their team and they have no qualms about paying a premium to do it.</p><p>On top of that, an Amazon subscription also is very common place these days given how valuable that free two-day (or less) shipping is to consumers… the trick is more getting people used to taking the extra step to log in vs. just changing the channel.</p><p>It&#39;s an adjustment – especially to a certain generation.</p><p>Although for Prime Video, the <i>TNF</i> brand is really just another value-addition proposition. For them, that subscription is the main goal, just as with Apple the end goal is to sell hardware – content is more a means to an end.</p><p>It was a similar situation for DirecTV which has been the home to <i>NFL Sunday Ticket</i> since it launched in the 90s. You needed DirecTV to buy the package and despite its high price tag, people gladly shelled out the money.</p><p>Times have changed and that demand has waned.</p><p>For one, NFL Red Zone – a specialized channel that offers whip-around coverage from each game based on what’s happening – has negated some of the need for a full roster (it’s also a fraction of the price and in some cases included in your TV package).</p><p>That, along with the debut of <i>TNF,</i> and a variety of economic factors has made DirecTV re-think the value of its deal. Less people were now paying for it and that was making it harder to justify the cost to continue the partnership.</p><p>It became less of a “if” they’ll keep it and more of a “where” it will go next?</p><p>For a while it looked Apple was in pole position.</p><p>There were even rumors a deal was done and the pair were just waiting for the right moment to announce.</p><p>Although last week in a shock move, it wasreportedApple had bowed out. It was suggested while Apple could (obviously) afford the presumed $2.5 billion price tag, the company also was questioning the value of it all.</p><p>While a number of analysts were firmly on board the Apple track (myself included) and were surprised by the news, given Apple’s propensity for watching its spending and desire to innovate, it really shouldn’t have been a shock in retrospect.</p><p>Apple has always been very careful about what it acquires. It&#39;s part of the reason why Apple never invested in a massive back-catalog to support its Apple TV + streaming service. To them, there was no need to spend on a library, as they were still the cheapest streaming option and they were valuing quality over quantity.</p><p>It also has been reported that Apple’s interest wasn’t in being a “conduit” for the NFL programming, but to be a partner with the league. In other words, they wanted to do something on the same scale as to what they are doing with Major League Soccer.</p><p>Apple is building a new service from the ground up with the league. It will for the first time unite all the games, so regardless of where you live you will have access to any team’s matchup for the full season.</p><p>It also was believed they wanted to make the <i>Sunday Ticket</i> package more affordable for fans, but what they soon learned is that both options were something that is simply not possible with the NFL’s other broadcast deals.</p><p>Its agreements with CBS and FOX actually prevent any major changes to the package including the price. In other words, the networks were worried that if <i>Sunday Ticket</i> was cheaper <i>or</i> promoted as an add-on that was free with subscription, CBS and FOX would take a hit in viewership in the various local markets the games air.</p><p>In either case, Apple wanted to help innovate the way the NFL broadcasts its game, which was going to be harder than it thought.</p><p>On top of that, Apple had already secured the rights to produce the Super Bowl halftime show production, which long-time sponsor Pepsi was walking away from after a decade long run. So in effect, Apple had its foothold into the NFL machine and as part of an area that gets almost as much coverage as the game itself.</p><p>That, paired with its <i>Friday Night Baseball</i> deal with MLB (and the upcoming MLS package), gives them a solid sports portfolio that allows them to walk away should they see fit.</p><p>So with Apple out, the assumption became either Amazon or Google would swoop in for the rights. Of the two, Google was more likely because Amazon already has the Thursday package (which is doing well) and the NFL has a history of trying to bring in new partners whenever it can.</p><p>What makes Google different is that your subscription means more to their business model. They aren’t doing this to sell more devices or to get you buy from their e-commerce store – they want you to use them to watch TV.</p><p>While Google’s YouTube TV has seen a strong boost in recognition over the last year, it&#39;s still not as well known as a traditional streamer, so having the NFL package would get them a sizable amount of extra attention. It also would be a closer by example comparison to the current DirecTV package where <i>Sunday Ticket</i> is an add-on to a traditional TV package – just in this case you are trading satellite for streaming.</p><p>That said, keep in mind <i>Sunday Ticket</i> was always going to be going to a streamer. It&#39;s not just a “sign of the times.” DirecTV was one of only a handful of places that had both the reach and infrastructure in place to house something of that level on a linear scale. It couldn’t go to an Optimum or a Comcast because then you cut off a large part of the population – so really it had to be online based.</p><p>Overall, it’s a win for Google, there’s no argument there… but the question of how much of a win remains to be seen. The company is effectively shooting its shot with a top tier brand that has proven to be reliable and popular. To continue competing in this landscape it HAD to make some type of big move.</p><p>Yet as expected, parent company Alphabet didn’t see a massive stock leap when news leaked (or was made official), so the short-term effect may be minimal, however over the next eight-to-nine months in the run-up to next season YouTube TV should be more prominent in the media and that could help boost subscriptions.</p><p>Again – a long term inch-by-inch play, but it also comes with a risk.</p><p>Google is betting on cord-cutting to help them continue to divert viewers from the major players to them, but it still needs those networks to survive so they can stream them on their service. Remember YouTube TV is an aggregator, meaning it relies on the traditional model to feed them content to stream.</p><p>Part of what remains to be seen in that long term timing is the role linear and cable TV plays. As mentioned, their influence in the NFL ecosystem is what complicated this deal being done sooner.</p><p>It stands to reason that traditional TV’s existence is important to keep the prices at this high of a level. Without it, the value shifts for all parties, and if that influence fades, Google potentially may have overpaid for those rights. It&#39;s something Apple and Amazon were likely mindful of as well when they are looking at the perceived value of this deal as well as the others they had made with the NFL.</p><p>The league needs multiple bidders to keep that price tag high, and without broadcast and cable in the model, the competition for these packages would shrink considerably. For them, part of the value in having CBS, NBC, FOX and ESPN/ABC in the mix is the convenience factor to fans. While many have cut the cord, a good chunk still haven’t and have no plans to in the future.</p><p>That’s what makes those “corded” ratings so important to the NFL and other leagues – they validate the costs of these deals. And here, had those broadcast deals not been so iron-clad, we likely would have seen a very different scenario play out and a company like Disney could have swooped in and used it as way to support ESPN+.</p><p>All sides are banking on the current model changing, but only enough that it makes their deals look good - if it changes to much, the deals begin to look a little less desirable which will raise flags with investors and also make re-negotiations a beast down the road.</p><p>It’s a delicate line but one Google is willing to walk because, like Apple and Amazon, they see the payoff that could come with the risk.</p><p>For investor’s sake, let’s just hope there’s no flag on the play.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple, Google And Amazon: How Big Tech's Sports Splurge Is More Like A Game Of Inches</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\">\nApple, Google And Amazon: How Big Tech's Sports Splurge Is More Like A Game Of Inches\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-25 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4566041-apple-google-and-amazon-how-big-techs-sports-splurge-is-more-like-a-game-of-inches><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGoogle, Amazon and Apple have become the companies they are today because they were being driven by a collection of individuals who have pushed them to that \"next\" level.While none of them ...</p>\n\n<a href=\"https://seekingalpha.com/article/4566041-apple-google-and-amazon-how-big-techs-sports-splurge-is-more-like-a-game-of-inches\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌","GOOGL":"谷歌A","AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4566041-apple-google-and-amazon-how-big-techs-sports-splurge-is-more-like-a-game-of-inches","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102593770","content_text":"SummaryGoogle, Amazon and Apple have become the companies they are today because they were being driven by a collection of individuals who have pushed them to that \"next\" level.While none of them started as entertainment providers, they’ve all morphed into that space, with sports now playing a more prominent role in their growth - specifically regarding streaming.The NFL in particular brings a massive audience to the table, which comes at a massive price and one each is prepared to pay if they see enough value.This week Google snared the rights to the “NFL Sunday Ticket” package, following the lead of Apple and Amazon which also have made prior deals for a piece of the football pie.This is a long-term play for all three companies as while the linear/broadcast model has taken a hit, it still has strong influence over sports - complicating the encroachment of streamers.It has been said “football is a game of inches.”The reason is because it's a game often decided by the narrowest of margins. If you need proof of that go back and watch the end of Super Bowl XXXIV (34).Although that expression also has parallels to real life as well because the people who fight for those extra yards tend to be the ones to come out on top. It’s part of the reason we’ve seen Google (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon (AMZN) and Apple (NASDAQ:AAPL) become the companies they are today. Each has been driven by a collection of individuals who have pushed them to the next level.While none of them started as entertainment providers they’ve all morphed into that space in the past decade or two. Google with YouTube, Amazon with Prime Video and Apple with…well a lot of things.Most of that has stemmed from the evolution of streaming and lately the evolution has come to include sports. From the unpredictability that comes with live games to the fact they occur daily like clockwork, sports give platforms the ability to snare a captive audience for hours at a time.And given we spend hours at a time on our phones and computers it’s a natural fit.So, it came as no surprise that when the NFL was looking for a new partner for its NFL Sunday Ticket, Google, Amazon and Apple were right at the top of the list of potential teammates (along with places like Disney (NYSE:DIS).The NFL brings a massive audience and that commands a massive price tag for the rights to air the games. They have in many ways set the tone for putting a value on sports rights in general.For big tech, streaming is a valuable area for their growth as it's not only a subscription driver at times it also helps with other areas of its business. With Sunday Ticket, ultimately it was Google that came out with the deal, but it wasn’t a forgone conclusion and for investors it's not something that may have an immediate impact.Google, like Amazon and Apple, are playing the long game and going inch by inch as this new landscape continues to unfold for them.So, while the ink on the contract is still fresh and shareholders across those various companies are wondering how we got here and what’s next, it seems liked a good time to go behind the numbers a bit.This push by the tech world to enter sports is far more detailed than one may imagine. While each of those big three now control a piece of the NFL pie, there's a reason why each has carved out what it has and for investors to fully weigh their options they need to fully understand the thinking.First as always, some background.Amazon made history the other year when it acquired the rights to Thursday Night Football. To say the package has made the rounds over the years is an understatement. Originating at CBS and then moving to Fox it now calls Prime Video home (and will for the next decade).The shift to streaming was a massive one and raised the questions about whether audiences would follow, truthfully for real fans, it’s not like there was really a choice. They are going to find their team and they have no qualms about paying a premium to do it.On top of that, an Amazon subscription also is very common place these days given how valuable that free two-day (or less) shipping is to consumers… the trick is more getting people used to taking the extra step to log in vs. just changing the channel.It's an adjustment – especially to a certain generation.Although for Prime Video, the TNF brand is really just another value-addition proposition. For them, that subscription is the main goal, just as with Apple the end goal is to sell hardware – content is more a means to an end.It was a similar situation for DirecTV which has been the home to NFL Sunday Ticket since it launched in the 90s. You needed DirecTV to buy the package and despite its high price tag, people gladly shelled out the money.Times have changed and that demand has waned.For one, NFL Red Zone – a specialized channel that offers whip-around coverage from each game based on what’s happening – has negated some of the need for a full roster (it’s also a fraction of the price and in some cases included in your TV package).That, along with the debut of TNF, and a variety of economic factors has made DirecTV re-think the value of its deal. Less people were now paying for it and that was making it harder to justify the cost to continue the partnership.It became less of a “if” they’ll keep it and more of a “where” it will go next?For a while it looked Apple was in pole position.There were even rumors a deal was done and the pair were just waiting for the right moment to announce.Although last week in a shock move, it wasreportedApple had bowed out. It was suggested while Apple could (obviously) afford the presumed $2.5 billion price tag, the company also was questioning the value of it all.While a number of analysts were firmly on board the Apple track (myself included) and were surprised by the news, given Apple’s propensity for watching its spending and desire to innovate, it really shouldn’t have been a shock in retrospect.Apple has always been very careful about what it acquires. It's part of the reason why Apple never invested in a massive back-catalog to support its Apple TV + streaming service. To them, there was no need to spend on a library, as they were still the cheapest streaming option and they were valuing quality over quantity.It also has been reported that Apple’s interest wasn’t in being a “conduit” for the NFL programming, but to be a partner with the league. In other words, they wanted to do something on the same scale as to what they are doing with Major League Soccer.Apple is building a new service from the ground up with the league. It will for the first time unite all the games, so regardless of where you live you will have access to any team’s matchup for the full season.It also was believed they wanted to make the Sunday Ticket package more affordable for fans, but what they soon learned is that both options were something that is simply not possible with the NFL’s other broadcast deals.Its agreements with CBS and FOX actually prevent any major changes to the package including the price. In other words, the networks were worried that if Sunday Ticket was cheaper or promoted as an add-on that was free with subscription, CBS and FOX would take a hit in viewership in the various local markets the games air.In either case, Apple wanted to help innovate the way the NFL broadcasts its game, which was going to be harder than it thought.On top of that, Apple had already secured the rights to produce the Super Bowl halftime show production, which long-time sponsor Pepsi was walking away from after a decade long run. So in effect, Apple had its foothold into the NFL machine and as part of an area that gets almost as much coverage as the game itself.That, paired with its Friday Night Baseball deal with MLB (and the upcoming MLS package), gives them a solid sports portfolio that allows them to walk away should they see fit.So with Apple out, the assumption became either Amazon or Google would swoop in for the rights. Of the two, Google was more likely because Amazon already has the Thursday package (which is doing well) and the NFL has a history of trying to bring in new partners whenever it can.What makes Google different is that your subscription means more to their business model. They aren’t doing this to sell more devices or to get you buy from their e-commerce store – they want you to use them to watch TV.While Google’s YouTube TV has seen a strong boost in recognition over the last year, it's still not as well known as a traditional streamer, so having the NFL package would get them a sizable amount of extra attention. It also would be a closer by example comparison to the current DirecTV package where Sunday Ticket is an add-on to a traditional TV package – just in this case you are trading satellite for streaming.That said, keep in mind Sunday Ticket was always going to be going to a streamer. It's not just a “sign of the times.” DirecTV was one of only a handful of places that had both the reach and infrastructure in place to house something of that level on a linear scale. It couldn’t go to an Optimum or a Comcast because then you cut off a large part of the population – so really it had to be online based.Overall, it’s a win for Google, there’s no argument there… but the question of how much of a win remains to be seen. The company is effectively shooting its shot with a top tier brand that has proven to be reliable and popular. To continue competing in this landscape it HAD to make some type of big move.Yet as expected, parent company Alphabet didn’t see a massive stock leap when news leaked (or was made official), so the short-term effect may be minimal, however over the next eight-to-nine months in the run-up to next season YouTube TV should be more prominent in the media and that could help boost subscriptions.Again – a long term inch-by-inch play, but it also comes with a risk.Google is betting on cord-cutting to help them continue to divert viewers from the major players to them, but it still needs those networks to survive so they can stream them on their service. Remember YouTube TV is an aggregator, meaning it relies on the traditional model to feed them content to stream.Part of what remains to be seen in that long term timing is the role linear and cable TV plays. As mentioned, their influence in the NFL ecosystem is what complicated this deal being done sooner.It stands to reason that traditional TV’s existence is important to keep the prices at this high of a level. Without it, the value shifts for all parties, and if that influence fades, Google potentially may have overpaid for those rights. It's something Apple and Amazon were likely mindful of as well when they are looking at the perceived value of this deal as well as the others they had made with the NFL.The league needs multiple bidders to keep that price tag high, and without broadcast and cable in the model, the competition for these packages would shrink considerably. For them, part of the value in having CBS, NBC, FOX and ESPN/ABC in the mix is the convenience factor to fans. While many have cut the cord, a good chunk still haven’t and have no plans to in the future.That’s what makes those “corded” ratings so important to the NFL and other leagues – they validate the costs of these deals. And here, had those broadcast deals not been so iron-clad, we likely would have seen a very different scenario play out and a company like Disney could have swooped in and used it as way to support ESPN+.All sides are banking on the current model changing, but only enough that it makes their deals look good - if it changes to much, the deals begin to look a little less desirable which will raise flags with investors and also make re-negotiations a beast down the road.It’s a delicate line but one Google is willing to walk because, like Apple and Amazon, they see the payoff that could come with the risk.For investor’s sake, let’s just hope there’s no flag on the play.","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922510341,"gmtCreate":1671799588683,"gmtModify":1676538595199,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/NVAX 20221223 12.5 PUT\">$NVAX 20221223 12.5 PUT$ </a><a href=\"https://ttm.financial/OPT/NVAX 20221223 12.5 PUT\">$NVAX 20221223 12.5 PUT$&nbsp;</a> &nbsp;","listText":"<a href=\"https://ttm.financial/OPT/NVAX 20221223 12.5 PUT\">$NVAX 20221223 12.5 PUT$ </a><a href=\"https://ttm.financial/OPT/NVAX 20221223 12.5 PUT\">$NVAX 20221223 12.5 PUT$&nbsp;</a> &nbsp;","text":"$NVAX 20221223 12.5 PUT$ $NVAX 20221223 12.5 PUT$","images":[{"img":"https://community-static.tradeup.com/news/b78547357e49df17f70491aef45ea57a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922510341","isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9922537426,"gmtCreate":1671799518266,"gmtModify":1676538595185,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Not only","listText":"Not only","text":"Not only","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922537426","repostId":"2293470531","repostType":2,"repost":{"id":"2293470531","pubTimestamp":1671785173,"share":"https://ttm.financial/m/news/2293470531?lang=&edition=fundamental","pubTime":"2022-12-23 16:46","market":"us","language":"en","title":"Tesla Is Down 64% in 2022 Which Has Some Investors Talking Value","url":"https://stock-news.laohu8.com/highlight/detail?id=2293470531","media":"Seeking Alpha","summary":"Tesla (NASDAQ:TSLA) is being watched closely as the selling pressure on the EV stock has ratcheted o","content":"<html><head></head><body><p>Tesla (NASDAQ:TSLA) is being watched closely as the selling pressure on the EV stock has ratcheted over the last few weeks on a flurry of developments.</p><p>As for the latest, the electric vehicle maker has doubled discounts on several models to $7,500 in U.S. as it makes its typical late-year push to rack up more sales. Of note, the Model 3 and Model Y electric vehicles discounts only apply to vehicles delivered this month.</p><p>The timing of the discount is strategic with the $7.5K tax incentive back in place on January 1 due to the new rules on U.S. federal tax credits.</p><p>Shares of Tesla (TSLA) have been in a strong downtrend over the last few weeks and carved out a new multi-year low of $122.26 on Thursday. Still, retail net buyers of TSLA stock has been on the rise since October per tracking by Vanda Research and some longtime bulls on Wall Street are seeing value at the reduced price.</p><p>Notably, Morgan Stanley reiterated its Overweight rating on Tesla (TSLA) and price target of $330 (139% upside). Analyst Adam Jonas and team are looking for Tesla (TSLA) to use its cost and scale advantage as a competitive force.</p><p>&#34;Tesla’s price cuts started in China and we expect them to quickly spread to Europe and the US. While circular in nature, lower EV prices are important for the next leg of mass adoption, but depress the returns of many of the companies expected to compete against Tesla.&#34;</p><p>On Seeking Alpha, author Brett Ashcroft Green said a recessionary environment entering 2023 should give investors a greater chance to buy Tesla (TSLA) at a discount for possibly the first two quarters of the year before a Fed pivot in the summer sends tech and growth stocks bouncing well off the bottoms. </p><p>The Seeking Alpha Valuation Grade on Tesla is still stuck at D-.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Is Down 64% in 2022 Which Has Some Investors Talking Value</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Is Down 64% in 2022 Which Has Some Investors Talking Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-23 16:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3919763-tesla-is-down-61-in-2022-which-has-some-investors-talking-value><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla (NASDAQ:TSLA) is being watched closely as the selling pressure on the EV stock has ratcheted over the last few weeks on a flurry of developments.As for the latest, the electric vehicle maker has...</p>\n\n<a href=\"https://seekingalpha.com/news/3919763-tesla-is-down-61-in-2022-which-has-some-investors-talking-value\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4581":"高盛持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4574":"无人驾驶","BK4548":"巴美列捷福持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4585":"ETF&股票定投概念","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0056508442.USD":"贝莱德世界科技基金A2","BK4534":"瑞士信贷持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","BK4550":"红杉资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","TSLA":"特斯拉","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4551":"寇图资本持仓"},"source_url":"https://seekingalpha.com/news/3919763-tesla-is-down-61-in-2022-which-has-some-investors-talking-value","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293470531","content_text":"Tesla (NASDAQ:TSLA) is being watched closely as the selling pressure on the EV stock has ratcheted over the last few weeks on a flurry of developments.As for the latest, the electric vehicle maker has doubled discounts on several models to $7,500 in U.S. as it makes its typical late-year push to rack up more sales. Of note, the Model 3 and Model Y electric vehicles discounts only apply to vehicles delivered this month.The timing of the discount is strategic with the $7.5K tax incentive back in place on January 1 due to the new rules on U.S. federal tax credits.Shares of Tesla (TSLA) have been in a strong downtrend over the last few weeks and carved out a new multi-year low of $122.26 on Thursday. Still, retail net buyers of TSLA stock has been on the rise since October per tracking by Vanda Research and some longtime bulls on Wall Street are seeing value at the reduced price.Notably, Morgan Stanley reiterated its Overweight rating on Tesla (TSLA) and price target of $330 (139% upside). Analyst Adam Jonas and team are looking for Tesla (TSLA) to use its cost and scale advantage as a competitive force.\"Tesla’s price cuts started in China and we expect them to quickly spread to Europe and the US. While circular in nature, lower EV prices are important for the next leg of mass adoption, but depress the returns of many of the companies expected to compete against Tesla.\"On Seeking Alpha, author Brett Ashcroft Green said a recessionary environment entering 2023 should give investors a greater chance to buy Tesla (TSLA) at a discount for possibly the first two quarters of the year before a Fed pivot in the summer sends tech and growth stocks bouncing well off the bottoms. The Seeking Alpha Valuation Grade on Tesla is still stuck at D-.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926475935,"gmtCreate":1671624050227,"gmtModify":1676538565338,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Definitely beyond","listText":"Definitely beyond","text":"Definitely beyond","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926475935","repostId":"2292355226","repostType":2,"repost":{"id":"2292355226","pubTimestamp":1671623104,"share":"https://ttm.financial/m/news/2292355226?lang=&edition=fundamental","pubTime":"2022-12-21 19:45","market":"us","language":"en","title":"More Likely to 5x First: Beyond Meat or Coupang","url":"https://stock-news.laohu8.com/highlight/detail?id=2292355226","media":"Motley Fool","summary":"Which fallen growth stock is a potential multibagger?","content":"<html><head></head><body><p><b>Beyond Meat</b> and <b>Coupang</b> both disappointed a lot of investors. Beyond Meat, an early mover in the plant-based meat market, went public at $25 a share in May 2019. It skyrocketed to an all-time high of $234.90 two months later, but it&#39;s now worth about $14.</p><p>Coupang, the e-commerce leader in South Korea, went public at $35 last March. It closed at an all-time high of $50.45 a few days later, but it now trades at about $16. Both stocks plunged as investors fretted over their slowing growth, lack of profits, and high valuations. Inflation, rising interest rates, and other macro challenges exacerbated that selling pressure.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eec6387c49caf3db61f1c9d2190b9b21\" tg-width=\"700\" tg-height=\"434\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><p>But now that most of the dust has settled, should investors buy either out-of-favor growth stock as a potential turnaround play? Let&#39;s see which might bounce back and generate a five-bagger gain first.</p><h2>Beyond Meat faces existential challenges</h2><p>Beyond Meat initially grew like a weed as restaurants and retailers scrambled to try out its plant-based meat products. That&#39;s why its revenue surged 239% in 2019, and why its stock soared after its IPO.</p><p>But in 2020, the pandemic disrupted its business as restaurants closed down. Retailers also lost their enthusiasm for its plant-based meat products, which cost significantly more than their animal-based counterparts, as the crisis curbed consumer spending on discretionary products. As a result, its revenue rose just 37% in 2020 and 14% in 2021.</p><p>Beyond Meat initially believed that 2022 would be a turnaround year for the company. In the first quarter of 2022, it predicted its revenue would rise between 21% and 33% for the full year. But it slashed that guidance to between just 1% and 12% growth in August. It reset its expectations again for a decline between 9% to 14% in November.</p><p>Beyond Meat blamed that slowdown on inflation, which further eroded the market&#39;s appetite for its pricier plant-based products. It also cited competitive headwinds and a drought of new restaurant and retail partnerships. As its top-line growth cools off, it&#39;s drowning in red ink. The company&#39;s net loss widened from $53 million in 2020 to $182 million, then expanded again to $299 million in the first nine months of 2022 as it only generated $339 million in revenue.</p><p>The liquidation of its excess inventories, its usage of free samples to attract new partners, and an ill-fated expansion into plant-based jerky with <b>PepsiCo</b> led to its widening losses. All those challenges suggest Beyond Meat&#39;s business is dangerously unsustainable, so its stock still can&#39;t be considered a bargain at 2 times this year&#39;s sales.</p><h2>Coupang&#39;s fundamentals are gradually improving</h2><p>Coupang&#39;s revenue rose 93% in 2020 after the pandemic drove more people to shop online. But in 2021, its revenue only increased 54% as those pandemic-induced headwinds waned. It then grew a mere 14% year over year in the first nine months of 2022 as it grappled with inflationary headwinds. Analysts expect its revenue to rise about 13% for the full year.</p><p>That slowdown drove away a lot of investors who had expected Coupang to become a high-growth e-commerce play like <b><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></b>. But as Coupang&#39;s growth cooled off, its profitability improved. Its net loss had widened from $463 million in 2020 to $1.54 billion in 2021, but narrowed year over year to just $194 million in the first nine months of 2022 as it generated roughly $15.3 billion in revenue. It also posted its first quarterly profit -- $91 million -- in the third quarter.</p><p>That profitability indicates economies of scale are kicking in for Coupang. The company operates fulfillment centers within 7 miles of 70% of South Korea&#39;s population. Combine that fact with its Prime-like Rocket Wow subscription service (which provides free next-day deliveries, food and grocery deliveries, free 30-day returns, access to its streaming video platform Coupang Play, and other perks) and Coupang is locking in more of its customers. It already reached 9 million Wow subscribers at the end of 2021, which represented 50% growth from 2020 and accounted for approximately half of its active customers.</p><p>Coupang probably won&#39;t become a hypergrowth e-commerce company like MercadoLibre because the South Korean e-commerce market is significantly smaller and more saturated than the Latin American market, but it could potentially generate low- to mid-teens revenue growth for years to come if it wipes out its smaller domestic competitors and consolidates the market. That&#39;s a promising outlook for a stock that trades at just 1.4 times this year&#39;s sales.</p><h2>Which stock is the potential multibagger?</h2><p>I&#39;m not certain if Coupang can maintain its lead in the fragmented South Korean e-commerce sector, but it has a brighter future than Beyond Meat. After all, the plant-based meat company has yet to prove that its product isn&#39;t a passing fad. Coupang still looks cheap relative to its long-term growth potential, but Beyond Meat could fall further in this tough market. Therefore, I expect Coupang&#39;s stock to post a five-bagger gain much sooner than Beyond Meat, which might not even be around in a few more years.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>More Likely to 5x First: Beyond Meat or Coupang</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\">\nMore Likely to 5x First: Beyond Meat or Coupang\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-21 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/20/more-likely-to-5x-first-beyond-meat-or-coupang/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Beyond Meat and Coupang both disappointed a lot of investors. Beyond Meat, an early mover in the plant-based meat market, went public at $25 a share in May 2019. It skyrocketed to an all-time high of ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/20/more-likely-to-5x-first-beyond-meat-or-coupang/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CPNG":"Coupang, Inc.","BK4212":"包装食品与肉类","BYND":"Beyond Meat, Inc.","BK4122":"互联网与直销零售","BK4548":"巴美列捷福持仓"},"source_url":"https://www.fool.com/investing/2022/12/20/more-likely-to-5x-first-beyond-meat-or-coupang/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2292355226","content_text":"Beyond Meat and Coupang both disappointed a lot of investors. Beyond Meat, an early mover in the plant-based meat market, went public at $25 a share in May 2019. It skyrocketed to an all-time high of $234.90 two months later, but it's now worth about $14.Coupang, the e-commerce leader in South Korea, went public at $35 last March. It closed at an all-time high of $50.45 a few days later, but it now trades at about $16. Both stocks plunged as investors fretted over their slowing growth, lack of profits, and high valuations. Inflation, rising interest rates, and other macro challenges exacerbated that selling pressure.Image source: Getty Images.But now that most of the dust has settled, should investors buy either out-of-favor growth stock as a potential turnaround play? Let's see which might bounce back and generate a five-bagger gain first.Beyond Meat faces existential challengesBeyond Meat initially grew like a weed as restaurants and retailers scrambled to try out its plant-based meat products. That's why its revenue surged 239% in 2019, and why its stock soared after its IPO.But in 2020, the pandemic disrupted its business as restaurants closed down. Retailers also lost their enthusiasm for its plant-based meat products, which cost significantly more than their animal-based counterparts, as the crisis curbed consumer spending on discretionary products. As a result, its revenue rose just 37% in 2020 and 14% in 2021.Beyond Meat initially believed that 2022 would be a turnaround year for the company. In the first quarter of 2022, it predicted its revenue would rise between 21% and 33% for the full year. But it slashed that guidance to between just 1% and 12% growth in August. It reset its expectations again for a decline between 9% to 14% in November.Beyond Meat blamed that slowdown on inflation, which further eroded the market's appetite for its pricier plant-based products. It also cited competitive headwinds and a drought of new restaurant and retail partnerships. As its top-line growth cools off, it's drowning in red ink. The company's net loss widened from $53 million in 2020 to $182 million, then expanded again to $299 million in the first nine months of 2022 as it only generated $339 million in revenue.The liquidation of its excess inventories, its usage of free samples to attract new partners, and an ill-fated expansion into plant-based jerky with PepsiCo led to its widening losses. All those challenges suggest Beyond Meat's business is dangerously unsustainable, so its stock still can't be considered a bargain at 2 times this year's sales.Coupang's fundamentals are gradually improvingCoupang's revenue rose 93% in 2020 after the pandemic drove more people to shop online. But in 2021, its revenue only increased 54% as those pandemic-induced headwinds waned. It then grew a mere 14% year over year in the first nine months of 2022 as it grappled with inflationary headwinds. Analysts expect its revenue to rise about 13% for the full year.That slowdown drove away a lot of investors who had expected Coupang to become a high-growth e-commerce play like MercadoLibre. But as Coupang's growth cooled off, its profitability improved. Its net loss had widened from $463 million in 2020 to $1.54 billion in 2021, but narrowed year over year to just $194 million in the first nine months of 2022 as it generated roughly $15.3 billion in revenue. It also posted its first quarterly profit -- $91 million -- in the third quarter.That profitability indicates economies of scale are kicking in for Coupang. The company operates fulfillment centers within 7 miles of 70% of South Korea's population. Combine that fact with its Prime-like Rocket Wow subscription service (which provides free next-day deliveries, food and grocery deliveries, free 30-day returns, access to its streaming video platform Coupang Play, and other perks) and Coupang is locking in more of its customers. It already reached 9 million Wow subscribers at the end of 2021, which represented 50% growth from 2020 and accounted for approximately half of its active customers.Coupang probably won't become a hypergrowth e-commerce company like MercadoLibre because the South Korean e-commerce market is significantly smaller and more saturated than the Latin American market, but it could potentially generate low- to mid-teens revenue growth for years to come if it wipes out its smaller domestic competitors and consolidates the market. That's a promising outlook for a stock that trades at just 1.4 times this year's sales.Which stock is the potential multibagger?I'm not certain if Coupang can maintain its lead in the fragmented South Korean e-commerce sector, but it has a brighter future than Beyond Meat. After all, the plant-based meat company has yet to prove that its product isn't a passing fad. Coupang still looks cheap relative to its long-term growth potential, but Beyond Meat could fall further in this tough market. Therefore, I expect Coupang's stock to post a five-bagger gain much sooner than Beyond Meat, which might not even be around in a few more years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923630835,"gmtCreate":1670843924828,"gmtModify":1676538444360,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Microsoft&nbsp;","listText":"Microsoft&nbsp;","text":"Microsoft","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9923630835","repostId":"2290213131","repostType":4,"repost":{"id":"2290213131","pubTimestamp":1670824415,"share":"https://ttm.financial/m/news/2290213131?lang=&edition=fundamental","pubTime":"2022-12-12 13:53","market":"us","language":"en","title":"Microsoft, Visa, Lam Research and 13 Oher Stocks That Can Survive a Triple Whammy","url":"https://stock-news.laohu8.com/highlight/detail?id=2290213131","media":"Barron's","summary":"Investors are looking ahead to 2023—and with a cautious eye. Inflation is still mighty high and comi","content":"<html><head></head><body><p>Investors are looking ahead to 2023—and with a cautious eye. Inflation is still mighty high and coming down exceedingly slowly, despite signs that it has peaked. Interest rates are climbing, and Fed officials promise to hold them steady for some time. The result could be a recession, which seems to be everyone’s base case for 2023. It’s a tough setup, but it doesn’t mean investors can’t find stocks that can withstand the trifecta of macro complications.</p><p>It isn’t easy, however. Oil and gas shares may make good inflation hedges, and their issuers have much cleaner balance sheets after a year of ample cash flows. But a recession will hit demand for energy—with oil down 42% from its 2022 high, the anticipation may already have—and their results may suffer. Grocery stores can withstand a recession and tend to have low leverage, but thin profit margins mean that rising costs can take a bite out of profits. Software stocks may have ample growth, but there are signs of a peak in enterprise spending, and higher rates have caused fast-growing but low-profit companies to fall out of favor.</p><p>To find companies resistant to inflation, recession, and rate hikes, we focused on those with low debt, strong profitability, and steady growth. Ratios of net-debt to Ebitda—short for earnings before interest, taxes, depreciation, and amortization—below two signal solid balance sheets and lower interest-rate sensitivity. Companies with operating profit margins of at least 30% should have the pricing power to weather inflation.</p><h2>2023-Proof Stocks</h2><p>These 16 stocks screen favorably for resistance to inflation, recession, and rising interest rates.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef62ca4a0b72aec2898aa801f970d803\" tg-width=\"934\" tg-height=\"1192\" width=\"100%\" height=\"auto\"/><span>Source: Bloomberg</span></p><p>Finally, to make the cut, companies need consistent earnings gains. Those whose year-over-year earnings growth has a standard deviation—a statistical measure of average variability—of less than 10 percentage points over the past 12 quarters should fit the bill.</p><p>That period included a pandemic-induced shutdown of the economy, a rapid rebound, and a year of tightening monetary policy and decelerating economic growth. If companies’ annual earnings-per-share growth was within a tight range for all 12 of those periods, there’s a good chance they’ll be able to generate more consistent profit growth through a 2023 recession than the overall market.</p><p>Our screen yielded 16 names in the S&amp;P 500,including credit-rating firm Moody’s(ticker: MCO), payroll processor Paychex(PAYX), trucking firm Old Dominion Freight Line(ODFL), animal healthcare company Zoetis(ZTS), semiconductor company Texas Instruments(TXN), and asset manager BlackRock (BLK).</p><p>Payments giants Visa(V) and Mastercard(MA) both passed the screen. They’ve got minimal debt and some of the widest profit margins in the S&amp;P 500. And their business models have built-in inflation protection: Swipe fees are a percentage of each transaction, so as prices rise, so do Visa and Mastercard’s sales. Visa was a recent <i>Barron’s</i> stock pickfor those very reasons.</p><p>Microsoft(MSFT), which also made the cut, has more cash than debt on its balance sheet and has been a consistent profit grower through the past few years thanks to increasing demand for several of its businesses: cloud computing, videogames, and office and productivity software.</p><p>Few of these stocks are cheap, however. Lam Research(LRCX), at less than 15 times 2023 earnings, is the least expensive of the group, while cigarette maker Philip Morris International(PM) and broker Charles Schwab(SCHW) are the only other stocks passing the screen that trade for below the S&amp;P 500’s average valuation multiple. Investors need to pay up if they want quality.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft, Visa, Lam Research and 13 Oher Stocks That Can Survive a Triple Whammy</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\">\nMicrosoft, Visa, Lam Research and 13 Oher Stocks That Can Survive a Triple Whammy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-12 13:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/visamastercard-microsoft-lam-research-stock-screen-51670635706?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors are looking ahead to 2023—and with a cautious eye. Inflation is still mighty high and coming down exceedingly slowly, despite signs that it has peaked. Interest rates are climbing, and Fed ...</p>\n\n<a href=\"https://www.barrons.com/articles/visamastercard-microsoft-lam-research-stock-screen-51670635706?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MKTX":"MarketAxess Holdings","PAYX":"沛齐","ODFL":"Old Dominion Freight Line","LRCX":"拉姆研究","MA":"万事达","PM":"菲利普莫里斯","MPWR":"Monolithic Power Systems","ZTS":"Zoetis Inc.","TXN":"德州仪器","ANET":"Arista Networks, Inc.","MCO":"穆迪","CPRT":"科帕特","V":"Visa","SCHW":"嘉信理财","MSFT":"微软"},"source_url":"https://www.barrons.com/articles/visamastercard-microsoft-lam-research-stock-screen-51670635706?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2290213131","content_text":"Investors are looking ahead to 2023—and with a cautious eye. Inflation is still mighty high and coming down exceedingly slowly, despite signs that it has peaked. Interest rates are climbing, and Fed officials promise to hold them steady for some time. The result could be a recession, which seems to be everyone’s base case for 2023. It’s a tough setup, but it doesn’t mean investors can’t find stocks that can withstand the trifecta of macro complications.It isn’t easy, however. Oil and gas shares may make good inflation hedges, and their issuers have much cleaner balance sheets after a year of ample cash flows. But a recession will hit demand for energy—with oil down 42% from its 2022 high, the anticipation may already have—and their results may suffer. Grocery stores can withstand a recession and tend to have low leverage, but thin profit margins mean that rising costs can take a bite out of profits. Software stocks may have ample growth, but there are signs of a peak in enterprise spending, and higher rates have caused fast-growing but low-profit companies to fall out of favor.To find companies resistant to inflation, recession, and rate hikes, we focused on those with low debt, strong profitability, and steady growth. Ratios of net-debt to Ebitda—short for earnings before interest, taxes, depreciation, and amortization—below two signal solid balance sheets and lower interest-rate sensitivity. Companies with operating profit margins of at least 30% should have the pricing power to weather inflation.2023-Proof StocksThese 16 stocks screen favorably for resistance to inflation, recession, and rising interest rates.Source: BloombergFinally, to make the cut, companies need consistent earnings gains. Those whose year-over-year earnings growth has a standard deviation—a statistical measure of average variability—of less than 10 percentage points over the past 12 quarters should fit the bill.That period included a pandemic-induced shutdown of the economy, a rapid rebound, and a year of tightening monetary policy and decelerating economic growth. If companies’ annual earnings-per-share growth was within a tight range for all 12 of those periods, there’s a good chance they’ll be able to generate more consistent profit growth through a 2023 recession than the overall market.Our screen yielded 16 names in the S&P 500,including credit-rating firm Moody’s(ticker: MCO), payroll processor Paychex(PAYX), trucking firm Old Dominion Freight Line(ODFL), animal healthcare company Zoetis(ZTS), semiconductor company Texas Instruments(TXN), and asset manager BlackRock (BLK).Payments giants Visa(V) and Mastercard(MA) both passed the screen. They’ve got minimal debt and some of the widest profit margins in the S&P 500. And their business models have built-in inflation protection: Swipe fees are a percentage of each transaction, so as prices rise, so do Visa and Mastercard’s sales. Visa was a recent Barron’s stock pickfor those very reasons.Microsoft(MSFT), which also made the cut, has more cash than debt on its balance sheet and has been a consistent profit grower through the past few years thanks to increasing demand for several of its businesses: cloud computing, videogames, and office and productivity software.Few of these stocks are cheap, however. Lam Research(LRCX), at less than 15 times 2023 earnings, is the least expensive of the group, while cigarette maker Philip Morris International(PM) and broker Charles Schwab(SCHW) are the only other stocks passing the screen that trade for below the S&P 500’s average valuation multiple. Investors need to pay up if they want quality.","news_type":1},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9929478538,"gmtCreate":1670725486824,"gmtModify":1676538423699,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Time for the next giant to cime","listText":"Time for the next giant to cime","text":"Time for the next giant to cime","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9929478538","repostId":"2290292051","repostType":2,"repost":{"id":"2290292051","pubTimestamp":1670719853,"share":"https://ttm.financial/m/news/2290292051?lang=&edition=fundamental","pubTime":"2022-12-11 08:50","market":"us","language":"en","title":"Investors Call Time on FAANG Stock Dominance After Nasdaq’s Rout","url":"https://stock-news.laohu8.com/highlight/detail?id=2290292051","media":"Bloomberg","summary":"Investors scale back bets on megacap stocks as growth softensProfitability is key priority for inves","content":"<html><head></head><body><ul><li>Investors scale back bets on megacap stocks as growth softens</li><li>Profitability is key priority for investors as economy slows</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/394724e26aec343cec2a10a0ffcdea08\" tg-width=\"1000\" tg-height=\"666\" width=\"100%\" height=\"auto\"/><span>Photographer: Jason Alden/Bloomberg</span></p><p>For some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful of giant companies such as Facebook parent <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc. and Amazon.com Inc.</p><p>Those companies — known along with Apple Inc., Netflix Inc. and Google parent Alphabet Inc. as the FAANGs — led the move to a digital world and helped power a 13-year bull run.</p><p><img src=\"https://static.tigerbbs.com/a0ea25d664c912904a55547bd3d5fd78\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>But history shows that market leaders of one era almost never dominate the next one. There are early signs that a shift is already under way: Growth has slowed or evaporated for Netflix and Meta, while the sheer size of Amazon, Apple and Alphabet means they’re unlikely to provide the huge returns in the future that they did in the past.</p><p>“We think it is unlikely the FAANG will lead the next tech bull cycle,” Richard Clode, a portfolio manager at Janus Henderson Investors, said by phone, adding that he has reduced his holdings of those stocks “very materially.” “We are at our lowest exposure to FAANG that we’ve been since the acronym was created.”</p><p>If it is indeed the end of the cycle for these companies, what an ending it’s been.</p><p>The outbreak of the coronavirus pandemic in early 2020 rocked the whole stock market, but after a blink-and-you-missed-it plunge, indexes came roaring back. Large-capitalization technology stocks including the FAANGs led the way as locked-down consumers ordered goods from Amazon, subscribed to Netflix to watch “Tiger King,” and spent hours scrolling through Facebook and searching on Google using iPhones.</p><p>But investors are reassessing their longer-term potential now that societies have reopened and higher interest rates around the world have damped risk appetites.</p><p>One of the biggest draws for investors has been the super-charged growth rates that technology companies offered. Now the growth looks more pedestrian.</p><p>“Superior” sales growth, the characteristic most associated with large-cap tech stocks, has vanished, at least for this year, Goldman Sachs strategists wrote in November. The bank’s strategists predict sales growth of 8% for megacap tech stocks in 2022, below the 13% growth expected for the broader S&amp;P 500 Index.</p><p>While Goldman does expect tech companies to deliver faster sales growth than the benchmark next year and in 2024, the gap is much smaller than the average of the past decade, the firm said.</p><p>“It’s very hard to grow those mega-revenues at very, very high growth rates the way that they did historically,”said Michael Nell, senior investment analyst and portfolio manager at UBS Asset Management. “While the megacap stocks have held up well, going forward it’s hard to see that they are necessarily going to drive performance from here.”</p><p>Meta shares shed a quarter of their value in one day in October after the Facebook owner’s sales forecast for the fourth quarter came in at the low end of analysts’ expectations amid a slowdown in the advertising market. Amazon.com slumped 7% a day later after projecting the slowest holiday-quarter growth in the firm’s history.</p><p>The example of past stock-market stars is sobering. Cisco Systems Inc. and Intel Corp., leaders in the dot-com boom of the late 1990s, have never climbed back to the highs they reached in 2000, while it took the Nasdaq 100 Index 15 years to surpass its 2000 peak.</p><p>Apple, the world’s largest company with a $2.3 trillion market value, has held up the best in this year’s bear market, falling 20%. The stock has been bolstered by the company’s cash pile of about $170 billion, marketable securities and demand for its latest iPhones.</p><p><img src=\"https://static.tigerbbs.com/e152f52682a9045bf5fb03327e9246de\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>The other stocks in the FAANG group have fallen more, ranging from Alphabet’s 36% drop to the 66% plunge of Meta. Even with the declines, the group still accounts for more than 10% of the S&amp;P 500 weighting, so subpar performance in coming years will be a big drag on the market.</p><p>And the pain in technology stocks looks set to continue next year. Analysts see profits for the industry contracting by 1.8% next year, compared with expected growth of 2.7% for the broader US market, according to data compiled by Bloomberg Intelligence.</p><p>Faced with a higher cost of borrowing and rising inflation, investors are becoming more exacting in terms of which companies they are willing to back. Big capital projects on unproven technologies, such as Meta’s bet on the metaverse, haven’t gone down well. A basket of money-losing tech stocks compiled by Goldman has plunged nearly 60% this year.</p><p><img src=\"https://static.tigerbbs.com/214486c5a208a57b5ad666dcdbbce157\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>“The market’s telling them we want some near-term profitability and we can’t afford to fund all of your negative free cash flow. Get a bit more realistic: grow a little bit slower, but do it profitably,” said Neil Robson, head of global equities at Columbia Threadneedle Investments.</p><p>Robson is still overweight technology in his portfolios, though by a smaller amount than in the past. He still owns Amazon and Alphabet, though he’s also investing in companies that improve energy efficiency. UBS Asset Management’s Nell is finding opportunities in the software-as-a-service space and semiconductor stocks, while Janus Henderson’s Clode is looking toward energy, cybersecurity and artificial intelligence, and at areas that could prove resilient in a recession, such as software firms that could help with productivity.</p><p>“Two years ago we could have thrown a dart at a FAANG dart board and we would’ve pretty much come up a winner, right?” said Dan Morgan, a senior portfolio manager at Synovus Trust Co. “Do we just blindly throw money into an ETF which just buys nothing but FAANG? That’s probably not going to work anymore.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Investors Call Time on FAANG Stock Dominance After Nasdaq’s Rout</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\">\nInvestors Call Time on FAANG Stock Dominance After Nasdaq’s Rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-11 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-10/investors-call-time-on-faang-stock-dominance-after-nasdaq-s-rout?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors scale back bets on megacap stocks as growth softensProfitability is key priority for investors as economy slowsPhotographer: Jason Alden/BloombergFor some investors, this year’s rout in high...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-10/investors-call-time-on-faang-stock-dominance-after-nasdaq-s-rout?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","NFLX":"奈飞",".SPX":"S&P 500 Index","GOOGL":"谷歌A","AAPL":"苹果","AMZN":"亚马逊",".IXIC":"NASDAQ Composite","MSFT":"微软",".DJI":"道琼斯","META":"Meta Platforms, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2022-12-10/investors-call-time-on-faang-stock-dominance-after-nasdaq-s-rout?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2290292051","content_text":"Investors scale back bets on megacap stocks as growth softensProfitability is key priority for investors as economy slowsPhotographer: Jason Alden/BloombergFor some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful of giant companies such as Facebook parent Meta Platforms Inc. and Amazon.com Inc.Those companies — known along with Apple Inc., Netflix Inc. and Google parent Alphabet Inc. as the FAANGs — led the move to a digital world and helped power a 13-year bull run.But history shows that market leaders of one era almost never dominate the next one. There are early signs that a shift is already under way: Growth has slowed or evaporated for Netflix and Meta, while the sheer size of Amazon, Apple and Alphabet means they’re unlikely to provide the huge returns in the future that they did in the past.“We think it is unlikely the FAANG will lead the next tech bull cycle,” Richard Clode, a portfolio manager at Janus Henderson Investors, said by phone, adding that he has reduced his holdings of those stocks “very materially.” “We are at our lowest exposure to FAANG that we’ve been since the acronym was created.”If it is indeed the end of the cycle for these companies, what an ending it’s been.The outbreak of the coronavirus pandemic in early 2020 rocked the whole stock market, but after a blink-and-you-missed-it plunge, indexes came roaring back. Large-capitalization technology stocks including the FAANGs led the way as locked-down consumers ordered goods from Amazon, subscribed to Netflix to watch “Tiger King,” and spent hours scrolling through Facebook and searching on Google using iPhones.But investors are reassessing their longer-term potential now that societies have reopened and higher interest rates around the world have damped risk appetites.One of the biggest draws for investors has been the super-charged growth rates that technology companies offered. Now the growth looks more pedestrian.“Superior” sales growth, the characteristic most associated with large-cap tech stocks, has vanished, at least for this year, Goldman Sachs strategists wrote in November. The bank’s strategists predict sales growth of 8% for megacap tech stocks in 2022, below the 13% growth expected for the broader S&P 500 Index.While Goldman does expect tech companies to deliver faster sales growth than the benchmark next year and in 2024, the gap is much smaller than the average of the past decade, the firm said.“It’s very hard to grow those mega-revenues at very, very high growth rates the way that they did historically,”said Michael Nell, senior investment analyst and portfolio manager at UBS Asset Management. “While the megacap stocks have held up well, going forward it’s hard to see that they are necessarily going to drive performance from here.”Meta shares shed a quarter of their value in one day in October after the Facebook owner’s sales forecast for the fourth quarter came in at the low end of analysts’ expectations amid a slowdown in the advertising market. Amazon.com slumped 7% a day later after projecting the slowest holiday-quarter growth in the firm’s history.The example of past stock-market stars is sobering. Cisco Systems Inc. and Intel Corp., leaders in the dot-com boom of the late 1990s, have never climbed back to the highs they reached in 2000, while it took the Nasdaq 100 Index 15 years to surpass its 2000 peak.Apple, the world’s largest company with a $2.3 trillion market value, has held up the best in this year’s bear market, falling 20%. The stock has been bolstered by the company’s cash pile of about $170 billion, marketable securities and demand for its latest iPhones.The other stocks in the FAANG group have fallen more, ranging from Alphabet’s 36% drop to the 66% plunge of Meta. Even with the declines, the group still accounts for more than 10% of the S&P 500 weighting, so subpar performance in coming years will be a big drag on the market.And the pain in technology stocks looks set to continue next year. Analysts see profits for the industry contracting by 1.8% next year, compared with expected growth of 2.7% for the broader US market, according to data compiled by Bloomberg Intelligence.Faced with a higher cost of borrowing and rising inflation, investors are becoming more exacting in terms of which companies they are willing to back. Big capital projects on unproven technologies, such as Meta’s bet on the metaverse, haven’t gone down well. A basket of money-losing tech stocks compiled by Goldman has plunged nearly 60% this year.“The market’s telling them we want some near-term profitability and we can’t afford to fund all of your negative free cash flow. Get a bit more realistic: grow a little bit slower, but do it profitably,” said Neil Robson, head of global equities at Columbia Threadneedle Investments.Robson is still overweight technology in his portfolios, though by a smaller amount than in the past. He still owns Amazon and Alphabet, though he’s also investing in companies that improve energy efficiency. UBS Asset Management’s Nell is finding opportunities in the software-as-a-service space and semiconductor stocks, while Janus Henderson’s Clode is looking toward energy, cybersecurity and artificial intelligence, and at areas that could prove resilient in a recession, such as software firms that could help with productivity.“Two years ago we could have thrown a dart at a FAANG dart board and we would’ve pretty much come up a winner, right?” said Dan Morgan, a senior portfolio manager at Synovus Trust Co. “Do we just blindly throw money into an ETF which just buys nothing but FAANG? That’s probably not going to work anymore.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961852838,"gmtCreate":1668915495924,"gmtModify":1676538128015,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Google of course","listText":"Google of course","text":"Google of course","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961852838","repostId":"2284785084","repostType":2,"repost":{"id":"2284785084","pubTimestamp":1668905591,"share":"https://ttm.financial/m/news/2284785084?lang=&edition=fundamental","pubTime":"2022-11-20 08:53","market":"us","language":"en","title":"Alphabet Vs. Meta Platforms: Which Stock Is The Better Investment?","url":"https://stock-news.laohu8.com/highlight/detail?id=2284785084","media":"Seeking Alpha","summary":"SummaryAlphabet and Meta are two giants in highly competitive markets, both with their specific risk","content":"<html><head></head><body><p>Summary</p><ul><li>Alphabet and Meta are two giants in highly competitive markets, both with their specific risk profiles, while also offering massive opportunities to investors.</li><li>GOOG reported a superior performance over the past years, while both stocks may offer great opportunities for investors, the ability to achieve the targets and the optionality will be determinant.</li><li>Both companies share the same Achilles heel, in an industry that is forecasted to grow substantially over the next decade, while it also exposes their revenue stream to demand-driven fluctuations.</li><li>This article focuses on long-term investment opportunities based on in-depth fundamental analysis and I offer two valuation models structured around multiple outcome scenarios.</li></ul><p>The technology sector is among the worst performers in the past year, losing over 30% of its value. While many stocks may have been excessively hyped during the massive rebound out of the pandemic-lows, others have been under pressure because of rising inflation, a higher cost of capital, bottlenecks among the supply chains, as well as headwinds caused by pandemic-related restrictions, geo-political tensions, and the ongoing war in Ukraine. Companies in the Information technology services industry could perform better from a yearly perspective but lately have been struggling to rebound, while others, such as the semiconductor and the solar industries, have recently been leading the sector.</p><p></p><p><img src=\"https://static.tigerbbs.com/24926893763e4d5e2c2059c3a396961e\" tg-width=\"640\" tg-height=\"102\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>finviz</p><p><img src=\"https://static.tigerbbs.com/1f119d5f53fe3121bf55f9c893934749\" tg-width=\"640\" tg-height=\"98\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>finviz</p><p>The two selected companies are two global giants in their industry, with Alphabet (NASDAQ:NASDAQ:GOOG) (NASDAQ:GOOGL) having nearly a monopoly in the online search field, as Google processes over 92% of online search volume worldwide, and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (NASDAQ:NASDAQ:META) counting 3.71B monthly users in Q3 2022, among the company’s core products, Facebook, WhatsApp, Instagram, or Messenger, up 4% Year-over-Year [YoY].</p><p></p><p><img src=\"https://static.tigerbbs.com/466ecae9b7a6150d62e4e702446ea1b7\" tg-width=\"640\" tg-height=\"162\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using TIKR</p><p>While the two companies once were identified as a digital duopoly, because of their massive market share in global online advertising, more recently, companies such as Amazon.com (NASDAQ:AMZN), Alibaba (NYSE:BABA), Tencent (OTCX:OTCPK:TCEHY), or ByteDance through their social media TikTok, have penetrated the market and contributed to the erosion of this duopoly.</p><p><img src=\"https://static.tigerbbs.com/0ba8cba90ad500702aed27aa4769d952\" tg-width=\"398\" tg-height=\"476\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from Insider Intelligence, Research and Markets, Company filings</p><p>The global IT Services market is projected to grow at a 9.5% Compound Annual Growth Rate [CAGR] through 2031, while the global digital advertising market is forecasted to grow even faster at a 13.9% CAGR, reaching a size of $1.79T through 2031. The sustained market growth is driven by the broader penetration of internet users, technological advancement, rising spending in digital advertising, and the expanding popularity of mobile phones and digital media across the world, while platforms such as in-app, mobile ads, connected TV or social media advertising are increasingly important vectors in the industry.</p><h2><b>An in-depth company comparison</b></h2><p><img src=\"https://static.tigerbbs.com/c3b292a512ca86202c0549254543bfb5\" tg-width=\"472\" tg-height=\"546\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>The financial comparison highlights the major relative strengths and weaknesses of the two giants. In terms of their Return on Invested Capital [ROIC], a very important metric I consider when pondering an investment decision, as a company must be able to consistently create value to be a sustainable investment, Alphabet seems to gradually increase its capital allocation efficiency over the past few years. Although Meta has been more efficient in the past, the metric has progressively dropped, until recently significantly falling under Alphabet’s level. The latter seems to have a more efficient core business, but Meta has seemingly more efficient cash management, observed in the relatively narrow spread between their ROIC and the Return on Capital Employed [ROCE], while Alphabet could significantly increase its capital allocation efficiency as the company reported a massive cash position of over $116B.</p><p><img src=\"https://static.tigerbbs.com/fa03acf041d1be505b4a32558b182c46\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>Although Meta reports by far the higher gross margin, this metric’s growth is seemingly dropping from 21.94% CAGR in the past 5 years to 17.88% CAGR in the past 3 years. While Alphabet reported a lower actual value, the company saw this metric slightly increase from 19.38% CAGR to 20.72% CAGR, over the same time window. Meta’s main source of revenue began faltering as the widely popular video app TikTok massively increased its audience, and other companies increased their market share in the online advertising space, while Apple’s (NASDAQ:AAPL) shift to a strict app tracking transparency privacy policy, requiring the user’s approval for apps to be able to track their data, had an estimated two-digit billion impact on Meta’s revenue. On the operational side, the companies have an even more divergent profile, as Alphabet demonstrated being capable of significantly increasing its operational profitability from 22.13% CAGR in the past 5 years, to 29.80% CAGR over the past 3 years, while Meta’s operating margin growth is decelerating from 11.96% CAGR to 7.03% CAGR over the same period. Meta is massively investing in the development of the Metaverse while rising doubts emerge concerning the company’s ability to reach its ambitious goals in a concept that only a few people understand, while at the same time the company struggles with a weakening advertising business.</p><p><img src=\"https://static.tigerbbs.com/8f1f88c88d16069afac3b3d995567a30\" tg-width=\"640\" tg-height=\"153\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>Meta reportedly has a more cash-rich business than the analyzed peer, while none of them is paying a dividend, both companies spend billions in share-repurchase programs. Alphabet announced its biggest share-buyback program of over $70B earlier this year, a major increase after the authorized buyback of $50B in 2021 and $25B in 2019. Meta has reportedly spent $91B to repurchase 377M stocks at an average price of $242, between 2017 and September 2022, a price that seems steep, considering that the actual share price is valued at -53% of that price. Meta also reports significantly higher EPS, while in those terms, Alphabet has had a less negative development over the most recent quarters and reported significantly higher growth over the past few years. Both companies are relying on debt for sustaining their business, increasing significantly their debt reliance since 2019, as the historically low-interest rates pushed many companies to consider more debt in their financing strategy. That said, both companies could repay the entirety of their debt exposure as shown in their net debt position and low leverage ratio.</p><h2>The stocks’ performance</h2><p>Considering both stocks’ performance in the past 5 years, GOOG reported a solid performance of 93.44%, while META performed significantly worse, losing 37.65% over the analyzed period. The most significant references show a mixed picture, with the S&amp;P 500 (SP500) returning approximately 53%, and the Nasdaq technology index, tracked by the Invesco QQQ ETF (QQQ) marked over 85% performance, while more industry-focused references, such as the <a href=\"https://laohu8.com/S/XLC\">Communication Services Select Sector SPDR Fund</a> (XLC) performed flat, while the Technology Select Sector SPDR ETF (XLK) is the strongest outperformer of the analyzed references.</p><p><img src=\"https://static.tigerbbs.com/51b316e664d2e9457222c2ae8e80185d\" tg-width=\"640\" tg-height=\"198\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using SeekingAlpha.com</p><p>While both stocks display periods of relative strength, GOOG reported massive resilience after every major drop, while META has significantly suffered after its All-Time-High [ATH] in September 2021, leading to massive value destruction for its investors, being priced at levels not seen since 2016. In the next section, I will show how the next few years are forecasted to play out for both companies and if the actual stock price may offer an interesting opportunity, while also assessing the possible risks in different scenarios.</p><h2>Valuation</h2><p>To determine the actual fair value for both company&#39;s stock prices, I rely on the following Discounted Cash Flow [DCF] model, which extends over a forecast period of 5 years with 3 different sets of assumptions ranging from a more conservative to a more optimistic scenario, based on the metrics determining the WACC and the terminal value. As forecasted by the street consensus, Alphabet is anticipated to generate a massive 17.27% Free Cash Flow [FCF] CAGR over the coming 5 years, with its operating and net profitability increasing at respectively 12.73% and 13.80% CAGR, while its revenue is projected to expand at solid 10.98%, above the expected growth in the relevant industries.</p><p><img src=\"https://static.tigerbbs.com/4f307c189819f83e89ac5301f675e985\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>The valuation takes into account a tighter monetary policy, which will undeniably be a reality in many economies worldwide in the coming years and lead to a higher weighted average cost of capital.</p><p><img src=\"https://static.tigerbbs.com/dfdac1fd157fda94ba58871ccb1c7b3f\" tg-width=\"573\" tg-height=\"599\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author</p><p>I compute my opinion in terms of likelihood for the three different scenarios, and I, therefore, consider the stock to be significantly undervalued with a weighted average price target with about 54% upside potential at $152.</p><p>Meta is forecasted to expand slower, with its sales growing at 9.20% CAGR over the next 5 years, and its operating and net profit margins are expected to grow between 8.5% and 8.9%, in terms of FCF the company is anticipated to substantially increase its metric, with 17.61% CAGR through 2026.</p><p></p><p><img src=\"https://static.tigerbbs.com/15cc9d6404157e698d23631783f3f4cd\" tg-width=\"640\" tg-height=\"398\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>I then consider the same three scenarios affected by the company’s fundamentals and by the exogenous factors.</p><p></p><p><img src=\"https://static.tigerbbs.com/c566b27f98414ced096c76621fbf9c00\" tg-width=\"573\" tg-height=\"598\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author</p><p>Despite both stocks seemingly being undervalued, when considering the weighted average price target, the two modelizations suggest that GOOG may offer a higher expected return, while META’s expected performance is seen 50% higher than the latest closing price, or at about $167. Both modelizations emphasize the still substantial expected return, also in the less optimistic scenario.</p><p>Investors should consider that those forecasts are based on a relatively conservative assumption in terms of perpetual growth rates, higher discount rates, and the recent trend in increased interest rates, which reflects the actual situation and forecast possible scenarios. An inversion of this trend would change this perspective and value the company at a higher price.</p><h2>Outlook and Risk discussion</h2><p>With both companies having tremendous possibilities to expand their powerful product ecosystem, it’s quite difficult to estimate their relevant total addressable market [TAM], as both peers have shown to be able to significantly grow their business either organically or through strategic acquisitions. Alphabet and Meta own strong brands with Google ranked in the fourth position in Interbrand&#39;s Best Global Brands, while Facebook is ranked 17th. Google’s essentially monopolistic position in search engines, its gigantic database with no equal data-harvesting worldwide, and the dominant position in the smartphone industry with Android estimated to hold a share of 72% in the mobile operating systems’ market, while Apple is progressively gaining market shares, are only some of the company’s major strengths. Despite this, with approximately 80% of its revenue originating from income related to advertising, the company’s revenue model is highly exposed to demand fluctuations, and with a recession likely seen coming in major global economies, dropping consumer spending and cuts in expenses on advertising, will likely have a tangible negative effect on the company’s results. Privacy concerns and regulatory pressure, as well as data security, are also possible future threats to Alphabet, Meta, and their peers, as the biggest strength for the companies, the massive data collection, is the most damaging weakness for their users. Among Alphabet’s most promising opportunities I do like to underscore the company’s positioning in terms of Artificial Intelligence [AI], Machine Learning [ML], and cloud-based business, as well as its expansion into the wearable OS market, and the great diversification opportunities the company could access or create through its colossal financial strength.</p><p>Meta is building a strong product portfolio including WhatsApp, Instagram, Messenger, Oculus, Workplace, Portal, and Calibra to diversify from Facebook and create expanded opportunities in strong secular trends. With over 45% of the world’s population using Facebook or its family products, the company holds an extremely powerful and irreplaceable position. But with approximately 98% of revenue originating from advertising, Meta is even more exposed to demand-driven fluctuations than Alphabet, and since the company is massively investing and focusing its resources on developing its visionary Metaverse, the diversification opportunities are, at least for the moment, seemingly more limited than Alphabet’s. Facebook has been losing popularity after facing backlash over its negligence in protecting the user’s privacy, while negative publicity, allegations of racial basis, or the platform’s inability to control the spread of fake and misleading information, may have cast a shadow on the company’s once brighter outlook. Despite this, Meta faces many opportunities in terms of possible monetization of its platforms through paid services such as news subscriptions, peer-to-peer marketplaces, online dating apps, e-wallets, or the development of other hardware devices, while its existing technologies could also be integrated or connected with a variety of other applications, such as e-commerce, gaming, or expanded into the digital creators&#39; space, or by offering remote-work solutions. In terms of future-oriented secular growth vectors, Meta has extensive expertise in AI and ML, which the company could use to penetrate markets such as the technologies used for autonomous vehicles, where other competitors like Google, Amazon, and Apple are already massively investing.</p><p>Alphabet is rated with a Strong Buy rating from Seeking Alpha’s Quant Rating since August 25, 2022, and holds the first two positions in the Interactive Media and Services industry through its two share classes.</p><p></p><p><img src=\"https://static.tigerbbs.com/5b711fdd651560e12eb413b5c4321377\" tg-width=\"640\" tg-height=\"183\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SeekingAlpha.com</p><p>Meta has instead been qualified as a Hold position since the end of 2021 and is ranked 22 out of 62 in the relevant industry. Both companies are without seen excelling in terms of profitability, while growth and valuation seem to be less favorable factors in the actual uncertain market environment, with Meta also significantly suffering from the negative momentum in its more recent price action.</p><p></p><p><img src=\"https://static.tigerbbs.com/c27a653d50c6e2a961374aeaa87c1171\" tg-width=\"640\" tg-height=\"183\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SeekingAlpha.com</p><h2>The Verdict: Which stock is the better buy?</h2><p>The two analyzed companies are two global leaders in the technology services industry, with their respective strengths and weaknesses, but also offering inherent opportunities with their correlated risks. From an investor&#39;s point of view, it’s important to consider the company’s ability to create value for its shareholders, while minimizing the risks. Past performance is not a guarantee for future results, and despite GOOG overall performing significantly better than META in the past few years, the latter is seemingly offering great opportunities ahead, and my rather conservative modelization hints at the significant undervaluation of both stocks. Both companies have strong financials and report high profitability, but Alphabet is seemingly on a better path, as the company reported an overall better trend and is expected to optimize its profitability even further, while also owning a massive idling cash position that offers incredibly many options, and could even further increase the company’s already superior capital allocation efficiency. </p><p>Meta’s huge bet on the Metaverse may lead to great success, but it also bears a major risk, in times when the company’s great dependency on advertising spending is under pressure. While both companies’ Achilles heel is seemingly their dependency on spending in digital advertising, Meta is more reliant on it than Alphabet, and may also have shown less intention to diversify its revenue streams, when compared to its colossal peers. </p><p>I consider both companies as being a buy position for long-term oriented investors, but overall in this comparative analysis, I chose Alphabet as my favorite stock pick, for its preeminent opportunities and lower risk profile, while seemingly also offering the greater potential in its stock performance, when considering all three forecasted scenarios.</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>Alphabet Vs. Meta Platforms: Which Stock Is The Better Investment?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlphabet Vs. Meta Platforms: Which Stock Is The Better Investment?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-20 08:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4559206-alphabet-vs-meta-platforms-which-stock-is-the-better-investment><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlphabet and Meta are two giants in highly competitive markets, both with their specific risk profiles, while also offering massive opportunities to investors.GOOG reported a superior ...</p>\n\n<a href=\"https://seekingalpha.com/article/4559206-alphabet-vs-meta-platforms-which-stock-is-the-better-investment\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://seekingalpha.com/article/4559206-alphabet-vs-meta-platforms-which-stock-is-the-better-investment","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2284785084","content_text":"SummaryAlphabet and Meta are two giants in highly competitive markets, both with their specific risk profiles, while also offering massive opportunities to investors.GOOG reported a superior performance over the past years, while both stocks may offer great opportunities for investors, the ability to achieve the targets and the optionality will be determinant.Both companies share the same Achilles heel, in an industry that is forecasted to grow substantially over the next decade, while it also exposes their revenue stream to demand-driven fluctuations.This article focuses on long-term investment opportunities based on in-depth fundamental analysis and I offer two valuation models structured around multiple outcome scenarios.The technology sector is among the worst performers in the past year, losing over 30% of its value. While many stocks may have been excessively hyped during the massive rebound out of the pandemic-lows, others have been under pressure because of rising inflation, a higher cost of capital, bottlenecks among the supply chains, as well as headwinds caused by pandemic-related restrictions, geo-political tensions, and the ongoing war in Ukraine. Companies in the Information technology services industry could perform better from a yearly perspective but lately have been struggling to rebound, while others, such as the semiconductor and the solar industries, have recently been leading the sector.finvizfinvizThe two selected companies are two global giants in their industry, with Alphabet (NASDAQ:NASDAQ:GOOG) (NASDAQ:GOOGL) having nearly a monopoly in the online search field, as Google processes over 92% of online search volume worldwide, and Meta Platforms (NASDAQ:NASDAQ:META) counting 3.71B monthly users in Q3 2022, among the company’s core products, Facebook, WhatsApp, Instagram, or Messenger, up 4% Year-over-Year [YoY].Author, using TIKRWhile the two companies once were identified as a digital duopoly, because of their massive market share in global online advertising, more recently, companies such as Amazon.com (NASDAQ:AMZN), Alibaba (NYSE:BABA), Tencent (OTCX:OTCPK:TCEHY), or ByteDance through their social media TikTok, have penetrated the market and contributed to the erosion of this duopoly.Author, using data from Insider Intelligence, Research and Markets, Company filingsThe global IT Services market is projected to grow at a 9.5% Compound Annual Growth Rate [CAGR] through 2031, while the global digital advertising market is forecasted to grow even faster at a 13.9% CAGR, reaching a size of $1.79T through 2031. The sustained market growth is driven by the broader penetration of internet users, technological advancement, rising spending in digital advertising, and the expanding popularity of mobile phones and digital media across the world, while platforms such as in-app, mobile ads, connected TV or social media advertising are increasingly important vectors in the industry.An in-depth company comparisonAuthor, using data from S&P Capital IQThe financial comparison highlights the major relative strengths and weaknesses of the two giants. In terms of their Return on Invested Capital [ROIC], a very important metric I consider when pondering an investment decision, as a company must be able to consistently create value to be a sustainable investment, Alphabet seems to gradually increase its capital allocation efficiency over the past few years. Although Meta has been more efficient in the past, the metric has progressively dropped, until recently significantly falling under Alphabet’s level. The latter seems to have a more efficient core business, but Meta has seemingly more efficient cash management, observed in the relatively narrow spread between their ROIC and the Return on Capital Employed [ROCE], while Alphabet could significantly increase its capital allocation efficiency as the company reported a massive cash position of over $116B.Author, using data from S&P Capital IQAlthough Meta reports by far the higher gross margin, this metric’s growth is seemingly dropping from 21.94% CAGR in the past 5 years to 17.88% CAGR in the past 3 years. While Alphabet reported a lower actual value, the company saw this metric slightly increase from 19.38% CAGR to 20.72% CAGR, over the same time window. Meta’s main source of revenue began faltering as the widely popular video app TikTok massively increased its audience, and other companies increased their market share in the online advertising space, while Apple’s (NASDAQ:AAPL) shift to a strict app tracking transparency privacy policy, requiring the user’s approval for apps to be able to track their data, had an estimated two-digit billion impact on Meta’s revenue. On the operational side, the companies have an even more divergent profile, as Alphabet demonstrated being capable of significantly increasing its operational profitability from 22.13% CAGR in the past 5 years, to 29.80% CAGR over the past 3 years, while Meta’s operating margin growth is decelerating from 11.96% CAGR to 7.03% CAGR over the same period. Meta is massively investing in the development of the Metaverse while rising doubts emerge concerning the company’s ability to reach its ambitious goals in a concept that only a few people understand, while at the same time the company struggles with a weakening advertising business.Author, using data from S&P Capital IQMeta reportedly has a more cash-rich business than the analyzed peer, while none of them is paying a dividend, both companies spend billions in share-repurchase programs. Alphabet announced its biggest share-buyback program of over $70B earlier this year, a major increase after the authorized buyback of $50B in 2021 and $25B in 2019. Meta has reportedly spent $91B to repurchase 377M stocks at an average price of $242, between 2017 and September 2022, a price that seems steep, considering that the actual share price is valued at -53% of that price. Meta also reports significantly higher EPS, while in those terms, Alphabet has had a less negative development over the most recent quarters and reported significantly higher growth over the past few years. Both companies are relying on debt for sustaining their business, increasing significantly their debt reliance since 2019, as the historically low-interest rates pushed many companies to consider more debt in their financing strategy. That said, both companies could repay the entirety of their debt exposure as shown in their net debt position and low leverage ratio.The stocks’ performanceConsidering both stocks’ performance in the past 5 years, GOOG reported a solid performance of 93.44%, while META performed significantly worse, losing 37.65% over the analyzed period. The most significant references show a mixed picture, with the S&P 500 (SP500) returning approximately 53%, and the Nasdaq technology index, tracked by the Invesco QQQ ETF (QQQ) marked over 85% performance, while more industry-focused references, such as the Communication Services Select Sector SPDR Fund (XLC) performed flat, while the Technology Select Sector SPDR ETF (XLK) is the strongest outperformer of the analyzed references.Author, using SeekingAlpha.comWhile both stocks display periods of relative strength, GOOG reported massive resilience after every major drop, while META has significantly suffered after its All-Time-High [ATH] in September 2021, leading to massive value destruction for its investors, being priced at levels not seen since 2016. In the next section, I will show how the next few years are forecasted to play out for both companies and if the actual stock price may offer an interesting opportunity, while also assessing the possible risks in different scenarios.ValuationTo determine the actual fair value for both company's stock prices, I rely on the following Discounted Cash Flow [DCF] model, which extends over a forecast period of 5 years with 3 different sets of assumptions ranging from a more conservative to a more optimistic scenario, based on the metrics determining the WACC and the terminal value. As forecasted by the street consensus, Alphabet is anticipated to generate a massive 17.27% Free Cash Flow [FCF] CAGR over the coming 5 years, with its operating and net profitability increasing at respectively 12.73% and 13.80% CAGR, while its revenue is projected to expand at solid 10.98%, above the expected growth in the relevant industries.Author, using data from S&P Capital IQThe valuation takes into account a tighter monetary policy, which will undeniably be a reality in many economies worldwide in the coming years and lead to a higher weighted average cost of capital.AuthorI compute my opinion in terms of likelihood for the three different scenarios, and I, therefore, consider the stock to be significantly undervalued with a weighted average price target with about 54% upside potential at $152.Meta is forecasted to expand slower, with its sales growing at 9.20% CAGR over the next 5 years, and its operating and net profit margins are expected to grow between 8.5% and 8.9%, in terms of FCF the company is anticipated to substantially increase its metric, with 17.61% CAGR through 2026.Author, using data from S&P Capital IQI then consider the same three scenarios affected by the company’s fundamentals and by the exogenous factors.AuthorDespite both stocks seemingly being undervalued, when considering the weighted average price target, the two modelizations suggest that GOOG may offer a higher expected return, while META’s expected performance is seen 50% higher than the latest closing price, or at about $167. Both modelizations emphasize the still substantial expected return, also in the less optimistic scenario.Investors should consider that those forecasts are based on a relatively conservative assumption in terms of perpetual growth rates, higher discount rates, and the recent trend in increased interest rates, which reflects the actual situation and forecast possible scenarios. An inversion of this trend would change this perspective and value the company at a higher price.Outlook and Risk discussionWith both companies having tremendous possibilities to expand their powerful product ecosystem, it’s quite difficult to estimate their relevant total addressable market [TAM], as both peers have shown to be able to significantly grow their business either organically or through strategic acquisitions. Alphabet and Meta own strong brands with Google ranked in the fourth position in Interbrand's Best Global Brands, while Facebook is ranked 17th. Google’s essentially monopolistic position in search engines, its gigantic database with no equal data-harvesting worldwide, and the dominant position in the smartphone industry with Android estimated to hold a share of 72% in the mobile operating systems’ market, while Apple is progressively gaining market shares, are only some of the company’s major strengths. Despite this, with approximately 80% of its revenue originating from income related to advertising, the company’s revenue model is highly exposed to demand fluctuations, and with a recession likely seen coming in major global economies, dropping consumer spending and cuts in expenses on advertising, will likely have a tangible negative effect on the company’s results. Privacy concerns and regulatory pressure, as well as data security, are also possible future threats to Alphabet, Meta, and their peers, as the biggest strength for the companies, the massive data collection, is the most damaging weakness for their users. Among Alphabet’s most promising opportunities I do like to underscore the company’s positioning in terms of Artificial Intelligence [AI], Machine Learning [ML], and cloud-based business, as well as its expansion into the wearable OS market, and the great diversification opportunities the company could access or create through its colossal financial strength.Meta is building a strong product portfolio including WhatsApp, Instagram, Messenger, Oculus, Workplace, Portal, and Calibra to diversify from Facebook and create expanded opportunities in strong secular trends. With over 45% of the world’s population using Facebook or its family products, the company holds an extremely powerful and irreplaceable position. But with approximately 98% of revenue originating from advertising, Meta is even more exposed to demand-driven fluctuations than Alphabet, and since the company is massively investing and focusing its resources on developing its visionary Metaverse, the diversification opportunities are, at least for the moment, seemingly more limited than Alphabet’s. Facebook has been losing popularity after facing backlash over its negligence in protecting the user’s privacy, while negative publicity, allegations of racial basis, or the platform’s inability to control the spread of fake and misleading information, may have cast a shadow on the company’s once brighter outlook. Despite this, Meta faces many opportunities in terms of possible monetization of its platforms through paid services such as news subscriptions, peer-to-peer marketplaces, online dating apps, e-wallets, or the development of other hardware devices, while its existing technologies could also be integrated or connected with a variety of other applications, such as e-commerce, gaming, or expanded into the digital creators' space, or by offering remote-work solutions. In terms of future-oriented secular growth vectors, Meta has extensive expertise in AI and ML, which the company could use to penetrate markets such as the technologies used for autonomous vehicles, where other competitors like Google, Amazon, and Apple are already massively investing.Alphabet is rated with a Strong Buy rating from Seeking Alpha’s Quant Rating since August 25, 2022, and holds the first two positions in the Interactive Media and Services industry through its two share classes.SeekingAlpha.comMeta has instead been qualified as a Hold position since the end of 2021 and is ranked 22 out of 62 in the relevant industry. Both companies are without seen excelling in terms of profitability, while growth and valuation seem to be less favorable factors in the actual uncertain market environment, with Meta also significantly suffering from the negative momentum in its more recent price action.SeekingAlpha.comThe Verdict: Which stock is the better buy?The two analyzed companies are two global leaders in the technology services industry, with their respective strengths and weaknesses, but also offering inherent opportunities with their correlated risks. From an investor's point of view, it’s important to consider the company’s ability to create value for its shareholders, while minimizing the risks. Past performance is not a guarantee for future results, and despite GOOG overall performing significantly better than META in the past few years, the latter is seemingly offering great opportunities ahead, and my rather conservative modelization hints at the significant undervaluation of both stocks. Both companies have strong financials and report high profitability, but Alphabet is seemingly on a better path, as the company reported an overall better trend and is expected to optimize its profitability even further, while also owning a massive idling cash position that offers incredibly many options, and could even further increase the company’s already superior capital allocation efficiency. Meta’s huge bet on the Metaverse may lead to great success, but it also bears a major risk, in times when the company’s great dependency on advertising spending is under pressure. While both companies’ Achilles heel is seemingly their dependency on spending in digital advertising, Meta is more reliant on it than Alphabet, and may also have shown less intention to diversify its revenue streams, when compared to its colossal peers. I consider both companies as being a buy position for long-term oriented investors, but overall in this comparative analysis, I chose Alphabet as my favorite stock pick, for its preeminent opportunities and lower risk profile, while seemingly also offering the greater potential in its stock performance, when considering all three forecasted scenarios.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934662939,"gmtCreate":1663242761721,"gmtModify":1676537234836,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Enjoying his time","listText":"Enjoying his time","text":"Enjoying his time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9934662939","repostId":"2267526431","repostType":4,"repost":{"id":"2267526431","pubTimestamp":1663255388,"share":"https://ttm.financial/m/news/2267526431?lang=&edition=fundamental","pubTime":"2022-09-15 23:23","market":"us","language":"en","title":"Warren Buffett Has Bought 8 New Stocks in 2022: Here's the Best of the Bunch","url":"https://stock-news.laohu8.com/highlight/detail?id=2267526431","media":"Motley Fool","summary":"Berkshire Hathaway has added eight new stock positions to its portfolio this year, but the most promising could be one of the smaller positions.","content":"<html><head></head><body><p><b>Berkshire Hathaway</b> has added eight new stocks to its portfolio in 2022, according to the company&#39;s SEC filings. Some are rather large positions that have received quite a bit of coverage, such as the massive stake in <b>Occidental Petroleum</b> (NYSE: OXY) that CEO Warren Buffett and his team have accumulated in just a few months. Berkshire&#39;s investments in <b>HP </b>(NYSE: HPQ) and <b>Citigroup</b> (NYSE: C) have also been discussed extensively in the investing community.</p><p>While these have been the headline investments Berkshire Hathaway has made during this year&#39;s market downturn, of the new stocks added to Berkshire&#39;s closely watched stock portfolio in 2022, my top pick is one that has largely flown under the radar.</p><h2>Here&#39;s my favorite out of Berkshire&#39;s newest stock positions</h2><p>In the first quarter of 2022, Berkshire Hathaway added just over 420,000 shares of specialty insurance company <b>Markel</b> to its portfolio. In the second quarter, Berkshire&#39;s stake was increased to 467,611 shares worth $605 million – roughly 3.5% of the company&#39;s outstanding shares.</p><p>To be sure, we don&#39;t know if Buffett himself was behind this move, or if one of his investment managers, Todd Combs or Ted Weschler, initiated the position in Markel. After all, when it comes to investments in the tens of billions of dollars, we can be quite sure Buffett had personal involvement, but for Berkshire&#39;s standards, a $600 million investment is small and could have come from one of the others.</p><p>Having said that, Markel is a perfect fit for Buffett&#39;s investment style. For one thing, Buffett <i>loves</i> insurance. Berkshire Hathaway itself is an insurance company at heart, with Buffett having built Berkshire into its current state by using the float from GEICO and Berkshire&#39;s other insurance operations to acquire businesses and common stocks.</p><p>Buffett also loves companies that operate in profitable niches, and Markel certainly qualifies. Markel primarily operates in the specialty insurance business (known as excess and surplus in insurance terms), and has an excellent track record of underwriting profitability.</p><h2>A mini-Berkshire with a key advantage</h2><p>Perhaps most significantly, Markel is one of the few insurance companies in the world that uses Buffett&#39;s approach to its investment strategy.</p><p>If you&#39;re not familiar, insurance companies make their money in two main ways – underwriting and investing. On the underwriting side, Markel&#39;s combined ratio, which is its operating expenses plus claims paid as a percentage of premiums collected, has averaged 95.5% over the past 10 years. This means that Markel&#39; underwriting profit margin has been 4.5%.</p><p>This may sound low, but underwriting is typically a secondary source of profits for insurers. The bulk of most insurance companies&#39; profits comes from investing the float, or the premiums collected but not yet paid out for claims.</p><p>In most cases, insurers invest their float into safe income-generating instruments, such as Treasury securities and corporate bonds. But Markel and Berkshire both take a different approach by investing in businesses and stocks.</p><p>Markel invests in businesses through its Markel Ventures division and owns a portfolio of stocks worth about $7 billion. And in the ultimate sign of mutual respect, Markel&#39;s largest stock position is none other than Berkshire Hathaway. Other top positions include <b>Brookfield Asset Management</b> (NYSE: BAM), <b>Alphabet </b>(NASDAQ: GOOG)(NASDAQ: GOOGL), and <b>Home Depot</b> (NYSE: HD), just to name a few.</p><p>Markel actually has one big advantage over Berkshire Hathaway when it comes to its investing strategy – its size. This is especially true on the Markel Ventures side of the business, which invests primarily in early stage businesses that are too small to move the needle for Berkshire.</p><h2>A near-perfect fit for Berkshire&#39;s portfolio</h2><p>In a nutshell, Markel uses a very similar business model to Berkshire Hathaway, but is in a significantly earlier stage of building out its non-insurance investment portfolio. If management can continue to execute on its investment strategy, this is a high-potential business that could generate market-beating returns for decades to come.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Has Bought 8 New Stocks in 2022: Here's the Best of the Bunch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Has Bought 8 New Stocks in 2022: Here's the Best of the Bunch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-15 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/14/warren-buffett-has-bought-8-new-stocks-in-2022/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway has added eight new stocks to its portfolio in 2022, according to the company's SEC filings. Some are rather large positions that have received quite a bit of coverage, such as the ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/14/warren-buffett-has-bought-8-new-stocks-in-2022/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MKL":"Markel Corp","GOOGL":"谷歌A","GOOG":"谷歌","HD":"家得宝","OXY":"西方石油","HPQ":"惠普","BAM":"布鲁克菲尔德资产管理","C":"花旗"},"source_url":"https://www.fool.com/investing/2022/09/14/warren-buffett-has-bought-8-new-stocks-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267526431","content_text":"Berkshire Hathaway has added eight new stocks to its portfolio in 2022, according to the company's SEC filings. Some are rather large positions that have received quite a bit of coverage, such as the massive stake in Occidental Petroleum (NYSE: OXY) that CEO Warren Buffett and his team have accumulated in just a few months. Berkshire's investments in HP (NYSE: HPQ) and Citigroup (NYSE: C) have also been discussed extensively in the investing community.While these have been the headline investments Berkshire Hathaway has made during this year's market downturn, of the new stocks added to Berkshire's closely watched stock portfolio in 2022, my top pick is one that has largely flown under the radar.Here's my favorite out of Berkshire's newest stock positionsIn the first quarter of 2022, Berkshire Hathaway added just over 420,000 shares of specialty insurance company Markel to its portfolio. In the second quarter, Berkshire's stake was increased to 467,611 shares worth $605 million – roughly 3.5% of the company's outstanding shares.To be sure, we don't know if Buffett himself was behind this move, or if one of his investment managers, Todd Combs or Ted Weschler, initiated the position in Markel. After all, when it comes to investments in the tens of billions of dollars, we can be quite sure Buffett had personal involvement, but for Berkshire's standards, a $600 million investment is small and could have come from one of the others.Having said that, Markel is a perfect fit for Buffett's investment style. For one thing, Buffett loves insurance. Berkshire Hathaway itself is an insurance company at heart, with Buffett having built Berkshire into its current state by using the float from GEICO and Berkshire's other insurance operations to acquire businesses and common stocks.Buffett also loves companies that operate in profitable niches, and Markel certainly qualifies. Markel primarily operates in the specialty insurance business (known as excess and surplus in insurance terms), and has an excellent track record of underwriting profitability.A mini-Berkshire with a key advantagePerhaps most significantly, Markel is one of the few insurance companies in the world that uses Buffett's approach to its investment strategy.If you're not familiar, insurance companies make their money in two main ways – underwriting and investing. On the underwriting side, Markel's combined ratio, which is its operating expenses plus claims paid as a percentage of premiums collected, has averaged 95.5% over the past 10 years. This means that Markel' underwriting profit margin has been 4.5%.This may sound low, but underwriting is typically a secondary source of profits for insurers. The bulk of most insurance companies' profits comes from investing the float, or the premiums collected but not yet paid out for claims.In most cases, insurers invest their float into safe income-generating instruments, such as Treasury securities and corporate bonds. But Markel and Berkshire both take a different approach by investing in businesses and stocks.Markel invests in businesses through its Markel Ventures division and owns a portfolio of stocks worth about $7 billion. And in the ultimate sign of mutual respect, Markel's largest stock position is none other than Berkshire Hathaway. Other top positions include Brookfield Asset Management (NYSE: BAM), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), and Home Depot (NYSE: HD), just to name a few.Markel actually has one big advantage over Berkshire Hathaway when it comes to its investing strategy – its size. This is especially true on the Markel Ventures side of the business, which invests primarily in early stage businesses that are too small to move the needle for Berkshire.A near-perfect fit for Berkshire's portfolioIn a nutshell, Markel uses a very similar business model to Berkshire Hathaway, but is in a significantly earlier stage of building out its non-insurance investment portfolio. If management can continue to execute on its investment strategy, this is a high-potential business that could generate market-beating returns for decades to come.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953962571,"gmtCreate":1673139361693,"gmtModify":1676538790687,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Indeed, the logic of Tesla is not right to me","listText":"Indeed, the logic of Tesla is not right to me","text":"Indeed, the logic of Tesla is not right to me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953962571","repostId":"2301735492","repostType":2,"repost":{"id":"2301735492","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":1673137769,"share":"https://ttm.financial/m/news/2301735492?lang=&edition=fundamental","pubTime":"2023-01-08 08:29","market":"us","language":"en","title":"Tesla Owners in China Protest Against Surprise Price Cuts They Missed","url":"https://stock-news.laohu8.com/highlight/detail?id=2301735492","media":"Reuters","summary":"SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distr","content":"<html><head></head><body><p>SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker&#39;s showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.</p><p>On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker&#39;s decision to slash prices for the second time in three months on Friday.</p><p>Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.</p><p>Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.</p><p>After Friday&#39;s surprise discounts, Tesla&#39;s EV prices in China are now between 13% and 24% below their September levels.</p><p>Analysts have said Tesla&#39;s move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world&#39;s largest market for battery-powered cars.</p><p>While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.</p><p>&#34;It may be a normal business practice but this is not how a responsible enterprise should behave,&#34; said one Tesla owner protesting at the company&#39;s delivery centre in Shanghai&#39;s Minhang suburb on Saturday who gave his surname as Zhang.</p><p>He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday&#39;s price cut and Tesla&#39;s lack of an explanation to recent buyers.</p><p>Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.</p><p>About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.</p><p>Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.</p><h2>&#39;RETURN THE MONEY&#39;</h2><p>Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.</p><p>One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, &#34;Return the money, refund our cars.&#34;</p><p>Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.</p><p>Reuters was unable to verify the content of either video.</p><p>Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.</p><p>He did not respond when asked to comment on the protests.</p><p>China accounted for about a third of Tesla&#39;s global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.</p><p>Analysts have been positive about the potential for Tesla&#39;s price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.</p><p>&#34;Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China],&#34; said Bill Russo, head of consultancy Automobility Ltd in Shanghai.</p><p>&#34;They are in a much bigger EV market with companies that can price more aggressively than they can, until now.&#34;</p><p>In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company&#39;s handling of her complaints about her car&#39;s brakes.</p><p>Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Owners in China Protest Against Surprise Price Cuts They Missed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Owners in China Protest Against Surprise Price Cuts They Missed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-01-08 08:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker&#39;s showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.</p><p>On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker&#39;s decision to slash prices for the second time in three months on Friday.</p><p>Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.</p><p>Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.</p><p>After Friday&#39;s surprise discounts, Tesla&#39;s EV prices in China are now between 13% and 24% below their September levels.</p><p>Analysts have said Tesla&#39;s move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world&#39;s largest market for battery-powered cars.</p><p>While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.</p><p>&#34;It may be a normal business practice but this is not how a responsible enterprise should behave,&#34; said one Tesla owner protesting at the company&#39;s delivery centre in Shanghai&#39;s Minhang suburb on Saturday who gave his surname as Zhang.</p><p>He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday&#39;s price cut and Tesla&#39;s lack of an explanation to recent buyers.</p><p>Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.</p><p>About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.</p><p>Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.</p><h2>&#39;RETURN THE MONEY&#39;</h2><p>Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.</p><p>One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, &#34;Return the money, refund our cars.&#34;</p><p>Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.</p><p>Reuters was unable to verify the content of either video.</p><p>Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.</p><p>He did not respond when asked to comment on the protests.</p><p>China accounted for about a third of Tesla&#39;s global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.</p><p>Analysts have been positive about the potential for Tesla&#39;s price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.</p><p>&#34;Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China],&#34; said Bill Russo, head of consultancy Automobility Ltd in Shanghai.</p><p>&#34;They are in a much bigger EV market with companies that can price more aggressively than they can, until now.&#34;</p><p>In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company&#39;s handling of her complaints about her car&#39;s brakes.</p><p>Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4548":"巴美列捷福持仓","BK4099":"汽车制造商","BK4585":"ETF&股票定投概念","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4527":"明星科技股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301735492","content_text":"SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker's decision to slash prices for the second time in three months on Friday.Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.After Friday's surprise discounts, Tesla's EV prices in China are now between 13% and 24% below their September levels.Analysts have said Tesla's move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world's largest market for battery-powered cars.While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.\"It may be a normal business practice but this is not how a responsible enterprise should behave,\" said one Tesla owner protesting at the company's delivery centre in Shanghai's Minhang suburb on Saturday who gave his surname as Zhang.He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday's price cut and Tesla's lack of an explanation to recent buyers.Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.'RETURN THE MONEY'Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, \"Return the money, refund our cars.\"Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.Reuters was unable to verify the content of either video.Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.He did not respond when asked to comment on the protests.China accounted for about a third of Tesla's global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.Analysts have been positive about the potential for Tesla's price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.\"Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China],\" said Bill Russo, head of consultancy Automobility Ltd in Shanghai.\"They are in a much bigger EV market with companies that can price more aggressively than they can, until now.\"In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company's handling of her complaints about her car's brakes.Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964294932,"gmtCreate":1670152152226,"gmtModify":1676538310856,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"50-50","listText":"50-50","text":"50-50","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9964294932","repostId":"2288925832","repostType":2,"repost":{"id":"2288925832","pubTimestamp":1670121245,"share":"https://ttm.financial/m/news/2288925832?lang=&edition=fundamental","pubTime":"2022-12-04 10:34","market":"us","language":"en","title":"NIO And XPeng: Don't Choose The One Getting Squeezed Out","url":"https://stock-news.laohu8.com/highlight/detail?id=2288925832","media":"seekingalpha","summary":"ThesisLeading Chinese pure-play EV makers NIO Inc. (NYSE:NIO) and XPeng Inc. (NYSE:XPEV) enjoyed a solid recovery in November. XPEV posted a 1M total return of 55.5% as the market forced bearish inves","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0148afb1415d9966a462d316514fd0e2\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><h2>Thesis</h2><p>Leading Chinese pure-play EV makers NIO Inc. (NYSE:NIO) and XPeng Inc. (NYSE:XPEV) enjoyed a solid recovery in November. XPEV posted a 1M total return of 55.5% as the market forced bearish investors/weak holders to flee at its October lows. In contrast, NIO posted a 1M total return of 24.5%, as buying sentiments returned strongly to China&#39;s embattled pure-play BEV makers.</p><p>Notwithstanding, Chinese EV bears will point out that both stocks remain well below their starting point in 2022. Accordingly, XPEV&#39;s YTD total return of -80% suggests buyers have been decimated, while NIO posted a better YTD performance of -62%.</p><p>Hence, we believe it&#39;s opportune to update investors on whether the buying opportunity on the recent rally still has legs, as China seems to be progressively easing its COVID restrictions.</p><p>Our assessment indicates that one company has executed much better as China&#39;s economy worsened in 2022. China&#39;s stringent COVID restrictions and harsh property cooling measures have weakened its GDP growth significantly. Accordingly, China&#39;s manufacturing PMI also came below consensus estimates, behooving China to accelerate its reopening moves.</p><p>Coupled with heightened competition, higher input costs, supply chain disruptions, and a weaker economy, NIO has proved its mettle against XPeng. However, both companies remain unprofitable. With a narrowed route toward external financing, given the current market conditions, we believe investors will likely focus on the company that has executed better, with clearer visibility toward reaching profitability.</p><p>We believe the competitive landscape would likely intensify further. Legacy OEMs such as General Motors (GM), Ford (F), and Volkswagen (OTCPK:VWAGY) have telegraphed ambitious plans to assume EV leadership by 2025/26. In addition, China&#39;s NEV leader BYD Company (OTCPK:BYDDY) has continued to penetrate the EV market further, consolidating its position as the global NEV leader (including hybrids) in Q3&#39;22, ahead of Tesla (TSLA).</p><p>Therefore, we urge investors to consider the business models and execution prowess of NIO and XPeng carefully as they take on profitable leading auto behemoths as they chart their path to profitability.</p><p>We discuss why we continue to put our bet in NIO as a potential multi-bagger speculative opportunity ahead of XPEV.</p><p>Maintain Speculative Buy on NIO and Hold on XPEV.</p><h2>Competition In China Has Intensified</h2><p>China&#39;s economic malaise has battered its consumer discretionary spending, including automobiles. Yet, China&#39;s leading NEV makers have made robust progress in 2022.</p><p>For instance, BYD delivered more than 230K of NEV in November, notching another monthly record, up nearly 153% YoY. Notably, BYD has continued to post consistent MoM gains since April 2022, corroborating the resilience of its highly vertically-integrated operating model.</p><p>Moreover, Volkswagen has continued to invest heavily in its prized Chinese market. General Motors have also stepped up on its endeavor, looking to introduce 15 EV models for the Chinese market by 2025.</p><p>Hence, we postulate that the competitive landscape in China could indicate that some unprofitable/less profitable upstarts could be squeezed out of the leading pack subsequently. With NIO and XPeng continuing to struggle for profitability, it&#39;s vital to assess which company could emerge as the stronger competitor to take on these behemoths.</p><p>Furthermore, China&#39;s NEV subsidies are due to be eliminated by 2023, even though Chinese media reported that there could be some revisions. Notwithstanding, it could neutralize/lessen a constructive tailwind that has driven sales over the past few years.</p><p>Therefore the market outlook remains uncertain while competition has intensified. As such, nothing short of excellent execution is required to navigate these challenges. And it&#39;s one that XPeng has fallen short in 2022.</p><h2>XPeng Restructures</h2><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61e462b6ef38ba6c0893c716ae23dcdc\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"/><span>XPeng Vehicle margins % (Company filings)</span></p><p>Given XPeng&#39;s low vehicle margins operating model, it&#39;s imperative for the company to continue posting robust production and deliveries growth to benefit significantly from fixed costs leverage.</p><p>However, XPeng&#39;s massive Q3 deliveries disappointment highlighted the execution weakness in a challenging macro and supply chain environment, in which leaders BYD and NIO performed admirably.</p><p>With a vehicle margin of just 11.6% in Q3 (up from Q2&#39;s 9.1%), XPeng&#39;s profitability has improved QoQ.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e172d47aa15683ff6c89cf5c9e8dbd2\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"/><span>XPeng Deliveries (Company filings)</span></p><p>However, the company posted deliveries growth of just 15% in FQ3; a massive downshift from FQ2&#39;s 98%. As such, we believe it triggered a rethinking of its strategies, leading the company to announce an organizational restructuring, as CEO He Xiaoping emphasized:</p><blockquote>Frankly, we&#39;re going through a very challenging period in pursuing our long-term goals. In response, we recently conducted an in-depth strategic review and implemented organizational restructure. As market competition intensifies, we&#39;ll sharpen our marketing to highlight the great value in our industry-leading smart and electrification technologies and further enhance our branding, sales, and service capabilities. (XPeng FQ3&#39;22 earnings call)</blockquote><p>Hence, we believe there&#39;s little doubt that the increasingly competitive landscape hammered XPeng&#39;s execution. Therefore, moving forward, we think it&#39;s better to watch the action from the sidelines unless you have a very high conviction in XPeng&#39;s management.</p><p>XPeng announced October and November deliveries of 5.1K and 5.81K, respectively. As such, the company needs to deliver about 9.59K of NEV (midpoint) in Q4, predicated on the ramp of its G9. XPeng emphasized: &#34;The Company expects that deliveries will significantly increase in December 2022 as G9&#39;s production ramp-up accelerates under normalized operating conditions.&#34;</p><p>We believe that XPEV&#39;s battering toward its October lows has likely reflected significant pessimism. But, we don&#39;t think the recent rally is sustainable, as its price action suggests a massive covering rally.</p><p>As such, we urge investors thinking of cutting exposure to leverage on the recent recovery to take some risks off the table and rotate.</p><h2>Rotate To NIO<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b388563a2b413a07256e586ffbaa59a0\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>NIO Deliveries (Company filings)</span></p></h2><p>NIO posted 14.18K in NEV deliveries for November, up nearly 41% MoM. As such, NIO demonstrated that its premium EV strategy is working well, despite China&#39;s economic malaise.</p><p>While China&#39;s COVID restrictions have impacted its production cadence, we believe it could be less material moving forward as China progressively eases.</p><p>Hence, NIO should be able to focus primarily on its execution as it looks to deliver its Q4 guidance of 45.5K NEVs (midpoint). The company appears confident in its recent deliveries outlook as NIO emphasized: &#34;NIO will further accelerate the production and delivery in December 2022.&#34;</p><p>NIO CEO William Li also telegraphed recently why it&#39;s critical for NIO to remain deeply entrenched as one of China&#39;s leading NEV leaders, given intensifying competition. Li accentuated:</p><blockquote>If a company is squeezed into the second tier in the final round [of competition in 2024/25], it is basically impossible for it to catch up to the first tier if it wants to. You can only be a second-tier languishing, barely alive person. - CnEVPost</blockquote><p>Therefore, we believe it&#39;s no surprise that the timeline aligns well with the milestones indicated by the legacy OEMs makers as they transform into EV companies.</p><p>Don&#39;t assume these OEM makers are &#34;dead&#34; yet, as they invest profits from their ICE segments to take on unprofitable EV makers. The battle is far from over, and we believe only the fittest EV makers could survive the increasingly competitive landscape.</p><h2>Is NIO Or XPEV Stock A Buy, Sell, Or Hold?</h2><p><i>Maintain Speculative Buy on NIO and Hold on XPEV.</i></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fbee3aba450db5a7c84dee25b0094d59\" tg-width=\"640\" tg-height=\"340\" width=\"100%\" height=\"auto\"/><span>XPEV price chart (weekly) (TradingView)</span></p><p>The market had gotten XPEV spot on, knowing that it could face significant competitive pressures that could impact its operating model considerably.</p><p>As such, the market&#39;s battering from its June highs has likely reflected its positioning. Hence, the recent sharp rally from its October lows resembled a covering move from bearish investors taking profit and cutting exposure.</p><p>As such, we urge investors not to join this rally but consider taking the opportunity to take some risks off the table.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/315a624b01e18068ea47037b78f4f8b6\" tg-width=\"640\" tg-height=\"340\" width=\"100%\" height=\"auto\"/><span>NIO price chart (weekly) (TradingView)</span></p><p>NIO&#39;s price action looks much more robust than XPEV, with no clear signs of a massive covering rally. Therefore, buyers are likely accumulating, trapping bearish investors at its long-term support and holding that defense line constructively.</p><p>Hence, we believe the opportunity for a mean-reversion rally for NIO is still attractive at these levels. XPEV investors who decide to cut exposure can consider rotating some exposure to NIO to take them toward the next stage of the competition in China&#39;s increasingly competitive EV market.</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>NIO And XPeng: Don't Choose The One Getting Squeezed Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO And XPeng: Don't Choose The One Getting Squeezed Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-04 10:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4562162-nio-vs-xpeng-dont-choose-one-getting-squeezed-out><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ThesisLeading Chinese pure-play EV makers NIO Inc. (NYSE:NIO) and XPeng Inc. (NYSE:XPEV) enjoyed a solid recovery in November. XPEV posted a 1M total return of 55.5% as the market forced bearish ...</p>\n\n<a href=\"https://seekingalpha.com/article/4562162-nio-vs-xpeng-dont-choose-one-getting-squeezed-out\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4532":"文艺复兴科技持仓","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","BK4509":"腾讯概念","09866":"蔚来-SW","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","NIO.SI":"蔚来","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4526":"热门中概股","BK4574":"无人驾驶","NIO":"蔚来","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓"},"source_url":"https://seekingalpha.com/article/4562162-nio-vs-xpeng-dont-choose-one-getting-squeezed-out","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2288925832","content_text":"ThesisLeading Chinese pure-play EV makers NIO Inc. (NYSE:NIO) and XPeng Inc. (NYSE:XPEV) enjoyed a solid recovery in November. XPEV posted a 1M total return of 55.5% as the market forced bearish investors/weak holders to flee at its October lows. In contrast, NIO posted a 1M total return of 24.5%, as buying sentiments returned strongly to China's embattled pure-play BEV makers.Notwithstanding, Chinese EV bears will point out that both stocks remain well below their starting point in 2022. Accordingly, XPEV's YTD total return of -80% suggests buyers have been decimated, while NIO posted a better YTD performance of -62%.Hence, we believe it's opportune to update investors on whether the buying opportunity on the recent rally still has legs, as China seems to be progressively easing its COVID restrictions.Our assessment indicates that one company has executed much better as China's economy worsened in 2022. China's stringent COVID restrictions and harsh property cooling measures have weakened its GDP growth significantly. Accordingly, China's manufacturing PMI also came below consensus estimates, behooving China to accelerate its reopening moves.Coupled with heightened competition, higher input costs, supply chain disruptions, and a weaker economy, NIO has proved its mettle against XPeng. However, both companies remain unprofitable. With a narrowed route toward external financing, given the current market conditions, we believe investors will likely focus on the company that has executed better, with clearer visibility toward reaching profitability.We believe the competitive landscape would likely intensify further. Legacy OEMs such as General Motors (GM), Ford (F), and Volkswagen (OTCPK:VWAGY) have telegraphed ambitious plans to assume EV leadership by 2025/26. In addition, China's NEV leader BYD Company (OTCPK:BYDDY) has continued to penetrate the EV market further, consolidating its position as the global NEV leader (including hybrids) in Q3'22, ahead of Tesla (TSLA).Therefore, we urge investors to consider the business models and execution prowess of NIO and XPeng carefully as they take on profitable leading auto behemoths as they chart their path to profitability.We discuss why we continue to put our bet in NIO as a potential multi-bagger speculative opportunity ahead of XPEV.Maintain Speculative Buy on NIO and Hold on XPEV.Competition In China Has IntensifiedChina's economic malaise has battered its consumer discretionary spending, including automobiles. Yet, China's leading NEV makers have made robust progress in 2022.For instance, BYD delivered more than 230K of NEV in November, notching another monthly record, up nearly 153% YoY. Notably, BYD has continued to post consistent MoM gains since April 2022, corroborating the resilience of its highly vertically-integrated operating model.Moreover, Volkswagen has continued to invest heavily in its prized Chinese market. General Motors have also stepped up on its endeavor, looking to introduce 15 EV models for the Chinese market by 2025.Hence, we postulate that the competitive landscape in China could indicate that some unprofitable/less profitable upstarts could be squeezed out of the leading pack subsequently. With NIO and XPeng continuing to struggle for profitability, it's vital to assess which company could emerge as the stronger competitor to take on these behemoths.Furthermore, China's NEV subsidies are due to be eliminated by 2023, even though Chinese media reported that there could be some revisions. Notwithstanding, it could neutralize/lessen a constructive tailwind that has driven sales over the past few years.Therefore the market outlook remains uncertain while competition has intensified. As such, nothing short of excellent execution is required to navigate these challenges. And it's one that XPeng has fallen short in 2022.XPeng RestructuresXPeng Vehicle margins % (Company filings)Given XPeng's low vehicle margins operating model, it's imperative for the company to continue posting robust production and deliveries growth to benefit significantly from fixed costs leverage.However, XPeng's massive Q3 deliveries disappointment highlighted the execution weakness in a challenging macro and supply chain environment, in which leaders BYD and NIO performed admirably.With a vehicle margin of just 11.6% in Q3 (up from Q2's 9.1%), XPeng's profitability has improved QoQ.XPeng Deliveries (Company filings)However, the company posted deliveries growth of just 15% in FQ3; a massive downshift from FQ2's 98%. As such, we believe it triggered a rethinking of its strategies, leading the company to announce an organizational restructuring, as CEO He Xiaoping emphasized:Frankly, we're going through a very challenging period in pursuing our long-term goals. In response, we recently conducted an in-depth strategic review and implemented organizational restructure. As market competition intensifies, we'll sharpen our marketing to highlight the great value in our industry-leading smart and electrification technologies and further enhance our branding, sales, and service capabilities. (XPeng FQ3'22 earnings call)Hence, we believe there's little doubt that the increasingly competitive landscape hammered XPeng's execution. Therefore, moving forward, we think it's better to watch the action from the sidelines unless you have a very high conviction in XPeng's management.XPeng announced October and November deliveries of 5.1K and 5.81K, respectively. As such, the company needs to deliver about 9.59K of NEV (midpoint) in Q4, predicated on the ramp of its G9. XPeng emphasized: \"The Company expects that deliveries will significantly increase in December 2022 as G9's production ramp-up accelerates under normalized operating conditions.\"We believe that XPEV's battering toward its October lows has likely reflected significant pessimism. But, we don't think the recent rally is sustainable, as its price action suggests a massive covering rally.As such, we urge investors thinking of cutting exposure to leverage on the recent recovery to take some risks off the table and rotate.Rotate To NIONIO Deliveries (Company filings)NIO posted 14.18K in NEV deliveries for November, up nearly 41% MoM. As such, NIO demonstrated that its premium EV strategy is working well, despite China's economic malaise.While China's COVID restrictions have impacted its production cadence, we believe it could be less material moving forward as China progressively eases.Hence, NIO should be able to focus primarily on its execution as it looks to deliver its Q4 guidance of 45.5K NEVs (midpoint). The company appears confident in its recent deliveries outlook as NIO emphasized: \"NIO will further accelerate the production and delivery in December 2022.\"NIO CEO William Li also telegraphed recently why it's critical for NIO to remain deeply entrenched as one of China's leading NEV leaders, given intensifying competition. Li accentuated:If a company is squeezed into the second tier in the final round [of competition in 2024/25], it is basically impossible for it to catch up to the first tier if it wants to. You can only be a second-tier languishing, barely alive person. - CnEVPostTherefore, we believe it's no surprise that the timeline aligns well with the milestones indicated by the legacy OEMs makers as they transform into EV companies.Don't assume these OEM makers are \"dead\" yet, as they invest profits from their ICE segments to take on unprofitable EV makers. The battle is far from over, and we believe only the fittest EV makers could survive the increasingly competitive landscape.Is NIO Or XPEV Stock A Buy, Sell, Or Hold?Maintain Speculative Buy on NIO and Hold on XPEV.XPEV price chart (weekly) (TradingView)The market had gotten XPEV spot on, knowing that it could face significant competitive pressures that could impact its operating model considerably.As such, the market's battering from its June highs has likely reflected its positioning. Hence, the recent sharp rally from its October lows resembled a covering move from bearish investors taking profit and cutting exposure.As such, we urge investors not to join this rally but consider taking the opportunity to take some risks off the table.NIO price chart (weekly) (TradingView)NIO's price action looks much more robust than XPEV, with no clear signs of a massive covering rally. Therefore, buyers are likely accumulating, trapping bearish investors at its long-term support and holding that defense line constructively.Hence, we believe the opportunity for a mean-reversion rally for NIO is still attractive at these levels. XPEV investors who decide to cut exposure can consider rotating some exposure to NIO to take them toward the next stage of the competition in China's increasingly competitive EV market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961856954,"gmtCreate":1668915317778,"gmtModify":1676538127977,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Agree with you","listText":"Agree with you","text":"Agree with you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9961856954","repostId":"2284364620","repostType":2,"repost":{"id":"2284364620","pubTimestamp":1668912684,"share":"https://ttm.financial/m/news/2284364620?lang=&edition=fundamental","pubTime":"2022-11-20 10:51","market":"us","language":"en","title":"Will TSMC Stock Be a Trillion-Dollar Stock By 2032?","url":"https://stock-news.laohu8.com/highlight/detail?id=2284364620","media":"Motley Fool","summary":"The pure-play semiconductor foundry has a massive tailwind at its back.","content":"<html><head></head><body><p>Famous investor Warren Buffett created quite a stir the other day when his company, <b>Berkshire Hathaway</b>, revealed a new 60-million share stake in <a href=\"https://laohu8.com/S/TSM\"><b>Taiwan Semiconductor Manufacturing</b></a> worth $4.8 billion. The company bought so much it&#39;s now one of its top-10 holdings.</p><p>As the world&#39;s largest semiconductor foundry, Taiwan Semiconductor manufactures integrated circuits based on designs provided by its clients, including the likes of <b>Advanced Micro Devices</b>, <b>Broadcom</b>, <b>Intel</b>, and <b>Nvidia</b>.</p><p>Yet the industry has been mired in problems born of the COVID-19 pandemic, and shortages have been rife throughout the supply chain. Taiwan Semiconductor had lost some 40% of its value before the company reported better-than-expected third quarter earnings.</p><p>Over the past month, and combined with Buffett&#39;s buy, the semiconductor stock has since climbed 27%, though its shares are still down 37% since the beginning of the year. With a market capitalization of over $350 billion, Taiwan Semiconductor needs to roughly triple from its current valuation to achieve trillion-dollar status. Is that feasible? Let&#39;s find out.</p><h2>An expanding global footprint</h2><p>As noted, Taiwan Semiconductor counts some of the largest chip companies as customers. Because so many are U.S.-based tech stocks, last year it began construction of a $12 billion 5-nanometer chip fabrication plant in northern Arizona that should become operational in the first quarter of 2024 (TSM has had a presence in the state for 40 years).</p><p>It&#39;s no coincidence that <b>Apple</b> recently announced that it will begin buying more of the chips it needs for its consumer electronics from a plant in Arizona that will become operational in 2024. Taiwan Semi already manufactures its A- and M-series processors, which are used in its iPhones and Mac computers.</p><p>In fact, demand from customers is reportedly so strong that Taiwan Semiconductor says it will begin constructing a second plant in Arizona. It&#39;s also building a foundry in Japan.</p><p>It already generates over half of all global foundry revenue and owns 84% of the sub-10 nanometer chip market.</p><h2>Out front and pulling away</h2><p>For as much as Buffett really disliked technology stocks early on, he has grown increasingly comfortable investing in the space -- Apple is his largest holding by far. It could be that he sees Taiwan Semiconductor in the same way: the dominant player in its field that few can touch, and that consumers absolutely rely upon.</p><p>That&#39;s apparent in Taiwan Semiconductor&#39;s third-quarter earnings report, which showed revenue jumped 36% to $20.2 billion while profits surged 80% to $8.8 billion. While much of the rest of the world was constrained by shortages, the semiconductor leader previously said it had not been impacted much by the sector&#39;s downturn because long-term demand was &#34;firmly in place.&#34;</p><p><img src=\"https://static.tigerbbs.com/9488830d0ed026bf3e64316da5857c31\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><p>Trends such as the rollout of 5G networks, the advent and importance of data centers for housing company information, and the increased growth among consumer electronics and autos kept its factories humming along.</p><p>While it has struck a more cautious outlook today than it did after releasing its second-quarter report, trimming its expected capital expenditures for 2022 from $40 billion to $36 billion due to equipment delays, the long-term outlook for the chip stock remains bright.</p><h2>Trillion-dollar baby</h2><p>Taiwan Semiconductor&#39;s next closest competitor, <b>United Microelectronics</b>, is a distant second with just a 13% share of the market, and its next-gen N3 processor is generating such strong demand from the likes of Apple, AMD, and Intel that it is actually pressuring its engineering capacity.</p><p>The semiconductor industry is definitely a cyclical one, so Taiwan Semiconductor Manufacturing will certainly have ups and downs in the years to come. It seems a good bet Taiwan Semiconductor could readily become a trillion-dollar stock within the next decade.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will TSMC Stock Be a Trillion-Dollar Stock By 2032?</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\">\nWill TSMC Stock Be a Trillion-Dollar Stock By 2032?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-20 10:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/19/will-taiwan-semiconductor-manufacturing-be-a-trill/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Famous investor Warren Buffett created quite a stir the other day when his company, Berkshire Hathaway, revealed a new 60-million share stake in Taiwan Semiconductor Manufacturing worth $4.8 billion. ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/19/will-taiwan-semiconductor-manufacturing-be-a-trill/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.fool.com/investing/2022/11/19/will-taiwan-semiconductor-manufacturing-be-a-trill/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2284364620","content_text":"Famous investor Warren Buffett created quite a stir the other day when his company, Berkshire Hathaway, revealed a new 60-million share stake in Taiwan Semiconductor Manufacturing worth $4.8 billion. The company bought so much it's now one of its top-10 holdings.As the world's largest semiconductor foundry, Taiwan Semiconductor manufactures integrated circuits based on designs provided by its clients, including the likes of Advanced Micro Devices, Broadcom, Intel, and Nvidia.Yet the industry has been mired in problems born of the COVID-19 pandemic, and shortages have been rife throughout the supply chain. Taiwan Semiconductor had lost some 40% of its value before the company reported better-than-expected third quarter earnings.Over the past month, and combined with Buffett's buy, the semiconductor stock has since climbed 27%, though its shares are still down 37% since the beginning of the year. With a market capitalization of over $350 billion, Taiwan Semiconductor needs to roughly triple from its current valuation to achieve trillion-dollar status. Is that feasible? Let's find out.An expanding global footprintAs noted, Taiwan Semiconductor counts some of the largest chip companies as customers. Because so many are U.S.-based tech stocks, last year it began construction of a $12 billion 5-nanometer chip fabrication plant in northern Arizona that should become operational in the first quarter of 2024 (TSM has had a presence in the state for 40 years).It's no coincidence that Apple recently announced that it will begin buying more of the chips it needs for its consumer electronics from a plant in Arizona that will become operational in 2024. Taiwan Semi already manufactures its A- and M-series processors, which are used in its iPhones and Mac computers.In fact, demand from customers is reportedly so strong that Taiwan Semiconductor says it will begin constructing a second plant in Arizona. It's also building a foundry in Japan.It already generates over half of all global foundry revenue and owns 84% of the sub-10 nanometer chip market.Out front and pulling awayFor as much as Buffett really disliked technology stocks early on, he has grown increasingly comfortable investing in the space -- Apple is his largest holding by far. It could be that he sees Taiwan Semiconductor in the same way: the dominant player in its field that few can touch, and that consumers absolutely rely upon.That's apparent in Taiwan Semiconductor's third-quarter earnings report, which showed revenue jumped 36% to $20.2 billion while profits surged 80% to $8.8 billion. While much of the rest of the world was constrained by shortages, the semiconductor leader previously said it had not been impacted much by the sector's downturn because long-term demand was \"firmly in place.\"Image source: Getty Images.Trends such as the rollout of 5G networks, the advent and importance of data centers for housing company information, and the increased growth among consumer electronics and autos kept its factories humming along.While it has struck a more cautious outlook today than it did after releasing its second-quarter report, trimming its expected capital expenditures for 2022 from $40 billion to $36 billion due to equipment delays, the long-term outlook for the chip stock remains bright.Trillion-dollar babyTaiwan Semiconductor's next closest competitor, United Microelectronics, is a distant second with just a 13% share of the market, and its next-gen N3 processor is generating such strong demand from the likes of Apple, AMD, and Intel that it is actually pressuring its engineering capacity.The semiconductor industry is definitely a cyclical one, so Taiwan Semiconductor Manufacturing will certainly have ups and downs in the years to come. It seems a good bet Taiwan Semiconductor could readily become a trillion-dollar stock within the next decade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952782002,"gmtCreate":1674981598306,"gmtModify":1676538969369,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Where is ChatGPT","listText":"Where is ChatGPT","text":"Where is ChatGPT","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952782002","repostId":"2306228413","repostType":2,"repost":{"id":"2306228413","pubTimestamp":1674961385,"share":"https://ttm.financial/m/news/2306228413?lang=&edition=fundamental","pubTime":"2023-01-29 11:03","market":"us","language":"en","title":"Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2306228413","media":"seekingalpha","summary":"SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash p","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/22d7d2314781dfbb6ec171acbfc934c6\" tg-width=\"750\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/></p><h2>Summary</h2><ul><li>Google (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.</li><li>It is essentially viewed by the market as a terminally stagnating business, according to Buffett’s 10x EBT rule.</li><li>Yet, the reality is the exact opposite in the way I see things.</li><li>Plenty of strong growth catalysts are afoot to support outsized long-term return potential for Google stock.</li></ul><h2>The investment thesis</h2><p>The argument in this article is quite simple: Alphabet Inc. (NASDAQ:GOOG) (&#34;Google&#34;) is undervalued based on the Buffett 10x EBT (earnings before taxes) rule. It is selling at a valuation of around 13x FW EBT only after its cash position is adjusted. At such a valuation, the market essentially views Google as a terminally stagnating business. A 13x FW EBT already provides close to 8% of pretax earnings earning yield, making it equivalent to owning an equity bond with a similar yield (bond yields are all quoted on a pretax basis). Any growth will be a bonus at this valuation.</p><p>Yet the reality is the exact opposite in the way I see things. GOOG is anything but a terminally stagnating business. As to be detailed in the rest of the article, GOOG not only enjoys a tremendous moat in its current segments (search engine and digital ad), but it is also well-positioned to capitalize on a range of high-growth areas. And all these new initiatives are supported by its fortressbalance sheet and highly profitable existing products.</p><p>All told, I see GOOG stock easily offers a double-digit pretax annual return potential (around 13%) under current conditions, consisting of about 8% of pretax earnings earning yield as just mentioned and about 5% of perpetual growth rates.</p><h2>Google stock and Buffett&#39;s 10x EBT rule</h2><p>As seen from the next plot, Google has been trading at valuations well above 10x EBT historically. However, under current conditions, it is trading very close to 10x EBT. Note that the vertical axis in the plot is in logarithm scale. So the current valuation is closer to 10x EBT than it appears visually in the plot.</p><p>To be more specific, as of this writing, Google&#39;s stock price is about $98 per share. And my estimate for its 2023 EPS is about $5.8 per share and its tax rate is about 14%. And finally, do not forget that it has about $9 of net cash position sitting on its balance sheet (more on this later). Putting all these numbers together, its current valuations turn out to be ~13x FW EBT after the cash position is subtracted from its stock price.</p><p><img src=\"https://static.tigerbbs.com/35e66c24dfb45a6addaef9025db37ba7\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"/>At such a valuation, Google is essentially viewed by the market as a terminally stagnating business, according to Buffett&#39;s 10x EBT rule. In Buffett&#39;s 10x EBT rule is new to you, I have a <i>blog article</i> detailing it with Q&amp;As I&#39;ve received. A quick summary:</p><ul><li><i>Buffett paid ~10x pretax earnings for many of his largest and best deals (ranging from Coca-Cola, American Express, Walmart, Burlington Northern, and also the more recent Apple purchase). It is hardly a coincidence because buying a business that stagnates forever at 10x EBT would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond. Any growth is a bonus.</i></li></ul><ul><li><i>The 10x EBT rule, of course, does NOT mean you should buy every/any stock trading below 10x EBT. Investors face two primary risks: A) quality risk and B) valuation risk. The 10x EBT rule is to avoid the type B risk AFTER the type A risk has been eliminated already.</i></li><li><i>Then how do we eliminate type A risks? I look for three things primarily. First and second, the business should have no existential issue in short term and the long term. And third, the business should have a decent chance to grow (at the so-call perpetual growth rate). This will be a plus.</i></li></ul><p>Under this framework, next, I will argue that Google meets all the above requirements. It has no existential threats at all and is well-positioned to grow.</p><h2>Does GOOG have existential issues?</h2><p>I do not see any short-term or long-term survivability issues at all in Google&#39;s case. In the near term, the survivability issue can always be reliably evaluated by dividends (if the company pays regular dividends) and/or its balance sheet and capital structure. In Google&#39;s case, it does not pay dividends. Thus, let&#39;s examine its balance sheet more closely.</p><p>It is a bit of an understatement to say that Google has a strong balance sheet. It has one of the strongest balance sheets in my view. As of its most recent financial statements, it has a significant amount of cash (and cash equivalents) and a net cash position totaling about $116B. translating into about $9 per share. Additionally, Google has a low level of debt (only $29B as seen). It is currently facing some immediate uncertainties ahead (like the layoffs) together with the rest of the economy. But its fortress balance sheet provides a thick cushion for the company to weather any potential downturns in the economy.</p><p><img src=\"https://static.tigerbbs.com/a6ee30acbc6c60a38d548c271b0821cc\" tg-width=\"640\" tg-height=\"256\" referrerpolicy=\"no-referrer\"/>Long-term survivability hinges on the fundamental moat. And here again, I see Google enjoys one of the widest and most dominant moats. Google has a dominating market share in the search engine space. According to statistics from Statcounter below, as of December 2022, Google had a market share of over 92.5% of the global search engine market share. The next largest player, Microsoft Bing, is a remote second, with a ~3% market share only.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6aa9dcd6cf59e83cd6bdc3a715ff9300\" tg-width=\"640\" tg-height=\"176\" referrerpolicy=\"no-referrer\"/><span>Statcounter data</span></p><p>Many of us worry about an economic recession and further worry that a recession might hit the ad space more harshly. However, in reality, advertising expenditures are quite stable as you can see from the following data. After all, ad is what draws customers in the first place.</p><p>To wit, the chart shows ad spending is quite stable over time, with only small fluctuations in both the U.S. and China, the two largest economies. In the U.S., ad spending has fluctuated within a relatively narrow range of 1.01% to 1.80% over the past decade. The only exception was 2021. The COVID-19 pandemic unexpectedly spurred ad spending drastically. The picture for China is very similar.</p><p>Also note that developed countries like the U.S., where consumption is a larger part of the economy, have been demonstrating higher ad spending as a percentage of GDP. Ad spending as a percentage of GDP has been in a range of 0.85% to 0.90% over the past 10 years in China. And this observation leads me to the next topic: the profitability and growth potential of Google.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5eff0175bca799bc8343e75ff56a6aba\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"/><span>Dolphin Research</span></p><h2>GOOG: Profitability and growth prospects</h2><p>Thanks to its moat and technological lead, Google has a robust revenue stream and has been consistently profitable. Furthermore, its diversified business model across various segments and geographies has also helped in providing a stable revenue stream and growth opportunities (especially in developing countries as mentioned above). All told, the plot next shows GOOG&#39;s profitability in terms of ROCE (return on capital employed). As seen, its ROCE is on average 48.7% in recent years, a very competitive level even in the overachieving FAAMG group.</p><p><img src=\"https://static.tigerbbs.com/8eda4c9b77bdda6573ed7eb1b2a4dab4\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>Supported by its existing moat and strong ROCE, I see strong potential for Google ahead. Leading growth catalysts include growth in the advertising space as mentioned above, cloud computing, its multitude of digital services, and also its fast expansion of hardware lineup (such as Pixel smartphones and smart home devices).</p><p>For the long-term, as also detailed in my blog article, the growth rate of any business is ultimately governed by the products of ROCE and Reinvestment Rate (&#34;RR&#34;). Google has been maintaining a 10%+ RR in recent years, and I see such a RR as sustainable in the long term given its strong cash flow. And the combination of an average 48.7% ROCE and 10% RR could lead to ~5% of perpetual growth rates (48.7% ROCE * 10% RR = ~4.87% of perpetual growth rates) as summarized in the table below.</p><p><img src=\"https://static.tigerbbs.com/ddd204f37b091dd434c2a7dbcad4eaa1\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/></p><h2>Risks and final thoughts</h2><p>To recap, Google certainly faces uncertainties. In the near term, Google faces competition from other social media platforms such as Facebook, Twitter, and TikTok. The company also faces regulatory risks almost constantly. Its core business relies on collecting and using data from users, which has always attracted privacy concerns and regulatory scrutiny. In recent years, Google has faced fines and penalties from various governments for alleged violations of privacy laws. These risks have (and could) impact Google&#39;s stock prices substantially.</p><p>However, to me, the current valuation suggests that these above issues are overblown. At ~13x FW EBT after adjusting for its cash position, the market essentially views it as a terminally stagnating business according to Buffett&#39;s 10x EBT rule. Yet, I see it as anything but. I see the stock as an almost-perfect fit to the Buffett 10x EBT rule (except the valuation is a bit above 10x EBT). And as such, I see very favorable prospects for double-digit annual returns in the long term. My projections show ~13% of annual long-term return potential, with about 8% coming from pretax earnings yield and about 5% coming from organic growth.</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>Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle Shouldn't Be, But Approaches, A Buffett 10x EBT Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.It is essentially viewed by the market as a terminally stagnating business, according to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","BK4581":"高盛持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0861579265.USD":"联博低波幅策略股票基金A","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4573":"虚拟现实","BK4548":"巴美列捷福持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0444971666.USD":"天利全球科技基金","BK4574":"无人驾驶","LU1046421795.USD":"富达环球科技A-ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4579":"人工智能","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4576":"AR","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4525":"远程办公概念","GOOG":"谷歌","LU0079474960.USD":"联博美国增长基金A","SG9999001077.SGD":"United International Growth Fund SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4077":"互动媒体与服务","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU0109392836.USD":"富兰克林科技股A","BK4503":"景林资产持仓","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0097036916.USD":"贝莱德美国增长A2 USD"},"source_url":"https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2306228413","content_text":"SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.It is essentially viewed by the market as a terminally stagnating business, according to Buffett’s 10x EBT rule.Yet, the reality is the exact opposite in the way I see things.Plenty of strong growth catalysts are afoot to support outsized long-term return potential for Google stock.The investment thesisThe argument in this article is quite simple: Alphabet Inc. (NASDAQ:GOOG) (\"Google\") is undervalued based on the Buffett 10x EBT (earnings before taxes) rule. It is selling at a valuation of around 13x FW EBT only after its cash position is adjusted. At such a valuation, the market essentially views Google as a terminally stagnating business. A 13x FW EBT already provides close to 8% of pretax earnings earning yield, making it equivalent to owning an equity bond with a similar yield (bond yields are all quoted on a pretax basis). Any growth will be a bonus at this valuation.Yet the reality is the exact opposite in the way I see things. GOOG is anything but a terminally stagnating business. As to be detailed in the rest of the article, GOOG not only enjoys a tremendous moat in its current segments (search engine and digital ad), but it is also well-positioned to capitalize on a range of high-growth areas. And all these new initiatives are supported by its fortressbalance sheet and highly profitable existing products.All told, I see GOOG stock easily offers a double-digit pretax annual return potential (around 13%) under current conditions, consisting of about 8% of pretax earnings earning yield as just mentioned and about 5% of perpetual growth rates.Google stock and Buffett's 10x EBT ruleAs seen from the next plot, Google has been trading at valuations well above 10x EBT historically. However, under current conditions, it is trading very close to 10x EBT. Note that the vertical axis in the plot is in logarithm scale. So the current valuation is closer to 10x EBT than it appears visually in the plot.To be more specific, as of this writing, Google's stock price is about $98 per share. And my estimate for its 2023 EPS is about $5.8 per share and its tax rate is about 14%. And finally, do not forget that it has about $9 of net cash position sitting on its balance sheet (more on this later). Putting all these numbers together, its current valuations turn out to be ~13x FW EBT after the cash position is subtracted from its stock price.At such a valuation, Google is essentially viewed by the market as a terminally stagnating business, according to Buffett's 10x EBT rule. In Buffett's 10x EBT rule is new to you, I have a blog article detailing it with Q&As I've received. A quick summary:Buffett paid ~10x pretax earnings for many of his largest and best deals (ranging from Coca-Cola, American Express, Walmart, Burlington Northern, and also the more recent Apple purchase). It is hardly a coincidence because buying a business that stagnates forever at 10x EBT would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond. Any growth is a bonus.The 10x EBT rule, of course, does NOT mean you should buy every/any stock trading below 10x EBT. Investors face two primary risks: A) quality risk and B) valuation risk. The 10x EBT rule is to avoid the type B risk AFTER the type A risk has been eliminated already.Then how do we eliminate type A risks? I look for three things primarily. First and second, the business should have no existential issue in short term and the long term. And third, the business should have a decent chance to grow (at the so-call perpetual growth rate). This will be a plus.Under this framework, next, I will argue that Google meets all the above requirements. It has no existential threats at all and is well-positioned to grow.Does GOOG have existential issues?I do not see any short-term or long-term survivability issues at all in Google's case. In the near term, the survivability issue can always be reliably evaluated by dividends (if the company pays regular dividends) and/or its balance sheet and capital structure. In Google's case, it does not pay dividends. Thus, let's examine its balance sheet more closely.It is a bit of an understatement to say that Google has a strong balance sheet. It has one of the strongest balance sheets in my view. As of its most recent financial statements, it has a significant amount of cash (and cash equivalents) and a net cash position totaling about $116B. translating into about $9 per share. Additionally, Google has a low level of debt (only $29B as seen). It is currently facing some immediate uncertainties ahead (like the layoffs) together with the rest of the economy. But its fortress balance sheet provides a thick cushion for the company to weather any potential downturns in the economy.Long-term survivability hinges on the fundamental moat. And here again, I see Google enjoys one of the widest and most dominant moats. Google has a dominating market share in the search engine space. According to statistics from Statcounter below, as of December 2022, Google had a market share of over 92.5% of the global search engine market share. The next largest player, Microsoft Bing, is a remote second, with a ~3% market share only.Statcounter dataMany of us worry about an economic recession and further worry that a recession might hit the ad space more harshly. However, in reality, advertising expenditures are quite stable as you can see from the following data. After all, ad is what draws customers in the first place.To wit, the chart shows ad spending is quite stable over time, with only small fluctuations in both the U.S. and China, the two largest economies. In the U.S., ad spending has fluctuated within a relatively narrow range of 1.01% to 1.80% over the past decade. The only exception was 2021. The COVID-19 pandemic unexpectedly spurred ad spending drastically. The picture for China is very similar.Also note that developed countries like the U.S., where consumption is a larger part of the economy, have been demonstrating higher ad spending as a percentage of GDP. Ad spending as a percentage of GDP has been in a range of 0.85% to 0.90% over the past 10 years in China. And this observation leads me to the next topic: the profitability and growth potential of Google.Dolphin ResearchGOOG: Profitability and growth prospectsThanks to its moat and technological lead, Google has a robust revenue stream and has been consistently profitable. Furthermore, its diversified business model across various segments and geographies has also helped in providing a stable revenue stream and growth opportunities (especially in developing countries as mentioned above). All told, the plot next shows GOOG's profitability in terms of ROCE (return on capital employed). As seen, its ROCE is on average 48.7% in recent years, a very competitive level even in the overachieving FAAMG group.Supported by its existing moat and strong ROCE, I see strong potential for Google ahead. Leading growth catalysts include growth in the advertising space as mentioned above, cloud computing, its multitude of digital services, and also its fast expansion of hardware lineup (such as Pixel smartphones and smart home devices).For the long-term, as also detailed in my blog article, the growth rate of any business is ultimately governed by the products of ROCE and Reinvestment Rate (\"RR\"). Google has been maintaining a 10%+ RR in recent years, and I see such a RR as sustainable in the long term given its strong cash flow. And the combination of an average 48.7% ROCE and 10% RR could lead to ~5% of perpetual growth rates (48.7% ROCE * 10% RR = ~4.87% of perpetual growth rates) as summarized in the table below.Risks and final thoughtsTo recap, Google certainly faces uncertainties. In the near term, Google faces competition from other social media platforms such as Facebook, Twitter, and TikTok. The company also faces regulatory risks almost constantly. Its core business relies on collecting and using data from users, which has always attracted privacy concerns and regulatory scrutiny. In recent years, Google has faced fines and penalties from various governments for alleged violations of privacy laws. These risks have (and could) impact Google's stock prices substantially.However, to me, the current valuation suggests that these above issues are overblown. At ~13x FW EBT after adjusting for its cash position, the market essentially views it as a terminally stagnating business according to Buffett's 10x EBT rule. Yet, I see it as anything but. I see the stock as an almost-perfect fit to the Buffett 10x EBT rule (except the valuation is a bit above 10x EBT). And as such, I see very favorable prospects for double-digit annual returns in the long term. My projections show ~13% of annual long-term return potential, with about 8% coming from pretax earnings yield and about 5% coming from organic growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952786506,"gmtCreate":1674981561305,"gmtModify":1676538969359,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Indeed,&nbsp; impossible to accidentally missed it","listText":"Indeed,&nbsp; impossible to accidentally missed it","text":"Indeed, impossible to accidentally missed it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952786506","repostId":"2306228413","repostType":2,"repost":{"id":"2306228413","pubTimestamp":1674961385,"share":"https://ttm.financial/m/news/2306228413?lang=&edition=fundamental","pubTime":"2023-01-29 11:03","market":"us","language":"en","title":"Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2306228413","media":"seekingalpha","summary":"SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash p","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/22d7d2314781dfbb6ec171acbfc934c6\" tg-width=\"750\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/></p><h2>Summary</h2><ul><li>Google (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.</li><li>It is essentially viewed by the market as a terminally stagnating business, according to Buffett’s 10x EBT rule.</li><li>Yet, the reality is the exact opposite in the way I see things.</li><li>Plenty of strong growth catalysts are afoot to support outsized long-term return potential for Google stock.</li></ul><h2>The investment thesis</h2><p>The argument in this article is quite simple: Alphabet Inc. (NASDAQ:GOOG) (&#34;Google&#34;) is undervalued based on the Buffett 10x EBT (earnings before taxes) rule. It is selling at a valuation of around 13x FW EBT only after its cash position is adjusted. At such a valuation, the market essentially views Google as a terminally stagnating business. A 13x FW EBT already provides close to 8% of pretax earnings earning yield, making it equivalent to owning an equity bond with a similar yield (bond yields are all quoted on a pretax basis). Any growth will be a bonus at this valuation.</p><p>Yet the reality is the exact opposite in the way I see things. GOOG is anything but a terminally stagnating business. As to be detailed in the rest of the article, GOOG not only enjoys a tremendous moat in its current segments (search engine and digital ad), but it is also well-positioned to capitalize on a range of high-growth areas. And all these new initiatives are supported by its fortressbalance sheet and highly profitable existing products.</p><p>All told, I see GOOG stock easily offers a double-digit pretax annual return potential (around 13%) under current conditions, consisting of about 8% of pretax earnings earning yield as just mentioned and about 5% of perpetual growth rates.</p><h2>Google stock and Buffett&#39;s 10x EBT rule</h2><p>As seen from the next plot, Google has been trading at valuations well above 10x EBT historically. However, under current conditions, it is trading very close to 10x EBT. Note that the vertical axis in the plot is in logarithm scale. So the current valuation is closer to 10x EBT than it appears visually in the plot.</p><p>To be more specific, as of this writing, Google&#39;s stock price is about $98 per share. And my estimate for its 2023 EPS is about $5.8 per share and its tax rate is about 14%. And finally, do not forget that it has about $9 of net cash position sitting on its balance sheet (more on this later). Putting all these numbers together, its current valuations turn out to be ~13x FW EBT after the cash position is subtracted from its stock price.</p><p><img src=\"https://static.tigerbbs.com/35e66c24dfb45a6addaef9025db37ba7\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"/>At such a valuation, Google is essentially viewed by the market as a terminally stagnating business, according to Buffett&#39;s 10x EBT rule. In Buffett&#39;s 10x EBT rule is new to you, I have a <i>blog article</i> detailing it with Q&amp;As I&#39;ve received. A quick summary:</p><ul><li><i>Buffett paid ~10x pretax earnings for many of his largest and best deals (ranging from Coca-Cola, American Express, Walmart, Burlington Northern, and also the more recent Apple purchase). It is hardly a coincidence because buying a business that stagnates forever at 10x EBT would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond. Any growth is a bonus.</i></li></ul><ul><li><i>The 10x EBT rule, of course, does NOT mean you should buy every/any stock trading below 10x EBT. Investors face two primary risks: A) quality risk and B) valuation risk. The 10x EBT rule is to avoid the type B risk AFTER the type A risk has been eliminated already.</i></li><li><i>Then how do we eliminate type A risks? I look for three things primarily. First and second, the business should have no existential issue in short term and the long term. And third, the business should have a decent chance to grow (at the so-call perpetual growth rate). This will be a plus.</i></li></ul><p>Under this framework, next, I will argue that Google meets all the above requirements. It has no existential threats at all and is well-positioned to grow.</p><h2>Does GOOG have existential issues?</h2><p>I do not see any short-term or long-term survivability issues at all in Google&#39;s case. In the near term, the survivability issue can always be reliably evaluated by dividends (if the company pays regular dividends) and/or its balance sheet and capital structure. In Google&#39;s case, it does not pay dividends. Thus, let&#39;s examine its balance sheet more closely.</p><p>It is a bit of an understatement to say that Google has a strong balance sheet. It has one of the strongest balance sheets in my view. As of its most recent financial statements, it has a significant amount of cash (and cash equivalents) and a net cash position totaling about $116B. translating into about $9 per share. Additionally, Google has a low level of debt (only $29B as seen). It is currently facing some immediate uncertainties ahead (like the layoffs) together with the rest of the economy. But its fortress balance sheet provides a thick cushion for the company to weather any potential downturns in the economy.</p><p><img src=\"https://static.tigerbbs.com/a6ee30acbc6c60a38d548c271b0821cc\" tg-width=\"640\" tg-height=\"256\" referrerpolicy=\"no-referrer\"/>Long-term survivability hinges on the fundamental moat. And here again, I see Google enjoys one of the widest and most dominant moats. Google has a dominating market share in the search engine space. According to statistics from Statcounter below, as of December 2022, Google had a market share of over 92.5% of the global search engine market share. The next largest player, Microsoft Bing, is a remote second, with a ~3% market share only.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6aa9dcd6cf59e83cd6bdc3a715ff9300\" tg-width=\"640\" tg-height=\"176\" referrerpolicy=\"no-referrer\"/><span>Statcounter data</span></p><p>Many of us worry about an economic recession and further worry that a recession might hit the ad space more harshly. However, in reality, advertising expenditures are quite stable as you can see from the following data. After all, ad is what draws customers in the first place.</p><p>To wit, the chart shows ad spending is quite stable over time, with only small fluctuations in both the U.S. and China, the two largest economies. In the U.S., ad spending has fluctuated within a relatively narrow range of 1.01% to 1.80% over the past decade. The only exception was 2021. The COVID-19 pandemic unexpectedly spurred ad spending drastically. The picture for China is very similar.</p><p>Also note that developed countries like the U.S., where consumption is a larger part of the economy, have been demonstrating higher ad spending as a percentage of GDP. Ad spending as a percentage of GDP has been in a range of 0.85% to 0.90% over the past 10 years in China. And this observation leads me to the next topic: the profitability and growth potential of Google.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5eff0175bca799bc8343e75ff56a6aba\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"/><span>Dolphin Research</span></p><h2>GOOG: Profitability and growth prospects</h2><p>Thanks to its moat and technological lead, Google has a robust revenue stream and has been consistently profitable. Furthermore, its diversified business model across various segments and geographies has also helped in providing a stable revenue stream and growth opportunities (especially in developing countries as mentioned above). All told, the plot next shows GOOG&#39;s profitability in terms of ROCE (return on capital employed). As seen, its ROCE is on average 48.7% in recent years, a very competitive level even in the overachieving FAAMG group.</p><p><img src=\"https://static.tigerbbs.com/8eda4c9b77bdda6573ed7eb1b2a4dab4\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>Supported by its existing moat and strong ROCE, I see strong potential for Google ahead. Leading growth catalysts include growth in the advertising space as mentioned above, cloud computing, its multitude of digital services, and also its fast expansion of hardware lineup (such as Pixel smartphones and smart home devices).</p><p>For the long-term, as also detailed in my blog article, the growth rate of any business is ultimately governed by the products of ROCE and Reinvestment Rate (&#34;RR&#34;). Google has been maintaining a 10%+ RR in recent years, and I see such a RR as sustainable in the long term given its strong cash flow. And the combination of an average 48.7% ROCE and 10% RR could lead to ~5% of perpetual growth rates (48.7% ROCE * 10% RR = ~4.87% of perpetual growth rates) as summarized in the table below.</p><p><img src=\"https://static.tigerbbs.com/ddd204f37b091dd434c2a7dbcad4eaa1\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/></p><h2>Risks and final thoughts</h2><p>To recap, Google certainly faces uncertainties. In the near term, Google faces competition from other social media platforms such as Facebook, Twitter, and TikTok. The company also faces regulatory risks almost constantly. Its core business relies on collecting and using data from users, which has always attracted privacy concerns and regulatory scrutiny. In recent years, Google has faced fines and penalties from various governments for alleged violations of privacy laws. These risks have (and could) impact Google&#39;s stock prices substantially.</p><p>However, to me, the current valuation suggests that these above issues are overblown. At ~13x FW EBT after adjusting for its cash position, the market essentially views it as a terminally stagnating business according to Buffett&#39;s 10x EBT rule. Yet, I see it as anything but. I see the stock as an almost-perfect fit to the Buffett 10x EBT rule (except the valuation is a bit above 10x EBT). And as such, I see very favorable prospects for double-digit annual returns in the long term. My projections show ~13% of annual long-term return potential, with about 8% coming from pretax earnings yield and about 5% coming from organic growth.</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>Google Shouldn't Be, But Approaches, A Buffett 10x EBT Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle Shouldn't Be, But Approaches, A Buffett 10x EBT Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.It is essentially viewed by the market as a terminally stagnating business, according to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","BK4581":"高盛持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0861579265.USD":"联博低波幅策略股票基金A","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4573":"虚拟现实","BK4548":"巴美列捷福持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0444971666.USD":"天利全球科技基金","BK4574":"无人驾驶","LU1046421795.USD":"富达环球科技A-ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4579":"人工智能","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4576":"AR","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4525":"远程办公概念","GOOG":"谷歌","LU0079474960.USD":"联博美国增长基金A","SG9999001077.SGD":"United International Growth Fund SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4077":"互动媒体与服务","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU0109392836.USD":"富兰克林科技股A","BK4503":"景林资产持仓","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0097036916.USD":"贝莱德美国增长A2 USD"},"source_url":"https://seekingalpha.com/article/4573059-google-approaches-buffett-10x-ebt-stock","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2306228413","content_text":"SummaryGoogle (Alphabet) stock is now priced at ~13x FW pretax earnings when adjusted for its cash position.It is essentially viewed by the market as a terminally stagnating business, according to Buffett’s 10x EBT rule.Yet, the reality is the exact opposite in the way I see things.Plenty of strong growth catalysts are afoot to support outsized long-term return potential for Google stock.The investment thesisThe argument in this article is quite simple: Alphabet Inc. (NASDAQ:GOOG) (\"Google\") is undervalued based on the Buffett 10x EBT (earnings before taxes) rule. It is selling at a valuation of around 13x FW EBT only after its cash position is adjusted. At such a valuation, the market essentially views Google as a terminally stagnating business. A 13x FW EBT already provides close to 8% of pretax earnings earning yield, making it equivalent to owning an equity bond with a similar yield (bond yields are all quoted on a pretax basis). Any growth will be a bonus at this valuation.Yet the reality is the exact opposite in the way I see things. GOOG is anything but a terminally stagnating business. As to be detailed in the rest of the article, GOOG not only enjoys a tremendous moat in its current segments (search engine and digital ad), but it is also well-positioned to capitalize on a range of high-growth areas. And all these new initiatives are supported by its fortressbalance sheet and highly profitable existing products.All told, I see GOOG stock easily offers a double-digit pretax annual return potential (around 13%) under current conditions, consisting of about 8% of pretax earnings earning yield as just mentioned and about 5% of perpetual growth rates.Google stock and Buffett's 10x EBT ruleAs seen from the next plot, Google has been trading at valuations well above 10x EBT historically. However, under current conditions, it is trading very close to 10x EBT. Note that the vertical axis in the plot is in logarithm scale. So the current valuation is closer to 10x EBT than it appears visually in the plot.To be more specific, as of this writing, Google's stock price is about $98 per share. And my estimate for its 2023 EPS is about $5.8 per share and its tax rate is about 14%. And finally, do not forget that it has about $9 of net cash position sitting on its balance sheet (more on this later). Putting all these numbers together, its current valuations turn out to be ~13x FW EBT after the cash position is subtracted from its stock price.At such a valuation, Google is essentially viewed by the market as a terminally stagnating business, according to Buffett's 10x EBT rule. In Buffett's 10x EBT rule is new to you, I have a blog article detailing it with Q&As I've received. A quick summary:Buffett paid ~10x pretax earnings for many of his largest and best deals (ranging from Coca-Cola, American Express, Walmart, Burlington Northern, and also the more recent Apple purchase). It is hardly a coincidence because buying a business that stagnates forever at 10x EBT would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond. Any growth is a bonus.The 10x EBT rule, of course, does NOT mean you should buy every/any stock trading below 10x EBT. Investors face two primary risks: A) quality risk and B) valuation risk. The 10x EBT rule is to avoid the type B risk AFTER the type A risk has been eliminated already.Then how do we eliminate type A risks? I look for three things primarily. First and second, the business should have no existential issue in short term and the long term. And third, the business should have a decent chance to grow (at the so-call perpetual growth rate). This will be a plus.Under this framework, next, I will argue that Google meets all the above requirements. It has no existential threats at all and is well-positioned to grow.Does GOOG have existential issues?I do not see any short-term or long-term survivability issues at all in Google's case. In the near term, the survivability issue can always be reliably evaluated by dividends (if the company pays regular dividends) and/or its balance sheet and capital structure. In Google's case, it does not pay dividends. Thus, let's examine its balance sheet more closely.It is a bit of an understatement to say that Google has a strong balance sheet. It has one of the strongest balance sheets in my view. As of its most recent financial statements, it has a significant amount of cash (and cash equivalents) and a net cash position totaling about $116B. translating into about $9 per share. Additionally, Google has a low level of debt (only $29B as seen). It is currently facing some immediate uncertainties ahead (like the layoffs) together with the rest of the economy. But its fortress balance sheet provides a thick cushion for the company to weather any potential downturns in the economy.Long-term survivability hinges on the fundamental moat. And here again, I see Google enjoys one of the widest and most dominant moats. Google has a dominating market share in the search engine space. According to statistics from Statcounter below, as of December 2022, Google had a market share of over 92.5% of the global search engine market share. The next largest player, Microsoft Bing, is a remote second, with a ~3% market share only.Statcounter dataMany of us worry about an economic recession and further worry that a recession might hit the ad space more harshly. However, in reality, advertising expenditures are quite stable as you can see from the following data. After all, ad is what draws customers in the first place.To wit, the chart shows ad spending is quite stable over time, with only small fluctuations in both the U.S. and China, the two largest economies. In the U.S., ad spending has fluctuated within a relatively narrow range of 1.01% to 1.80% over the past decade. The only exception was 2021. The COVID-19 pandemic unexpectedly spurred ad spending drastically. The picture for China is very similar.Also note that developed countries like the U.S., where consumption is a larger part of the economy, have been demonstrating higher ad spending as a percentage of GDP. Ad spending as a percentage of GDP has been in a range of 0.85% to 0.90% over the past 10 years in China. And this observation leads me to the next topic: the profitability and growth potential of Google.Dolphin ResearchGOOG: Profitability and growth prospectsThanks to its moat and technological lead, Google has a robust revenue stream and has been consistently profitable. Furthermore, its diversified business model across various segments and geographies has also helped in providing a stable revenue stream and growth opportunities (especially in developing countries as mentioned above). All told, the plot next shows GOOG's profitability in terms of ROCE (return on capital employed). As seen, its ROCE is on average 48.7% in recent years, a very competitive level even in the overachieving FAAMG group.Supported by its existing moat and strong ROCE, I see strong potential for Google ahead. Leading growth catalysts include growth in the advertising space as mentioned above, cloud computing, its multitude of digital services, and also its fast expansion of hardware lineup (such as Pixel smartphones and smart home devices).For the long-term, as also detailed in my blog article, the growth rate of any business is ultimately governed by the products of ROCE and Reinvestment Rate (\"RR\"). Google has been maintaining a 10%+ RR in recent years, and I see such a RR as sustainable in the long term given its strong cash flow. And the combination of an average 48.7% ROCE and 10% RR could lead to ~5% of perpetual growth rates (48.7% ROCE * 10% RR = ~4.87% of perpetual growth rates) as summarized in the table below.Risks and final thoughtsTo recap, Google certainly faces uncertainties. In the near term, Google faces competition from other social media platforms such as Facebook, Twitter, and TikTok. The company also faces regulatory risks almost constantly. Its core business relies on collecting and using data from users, which has always attracted privacy concerns and regulatory scrutiny. In recent years, Google has faced fines and penalties from various governments for alleged violations of privacy laws. These risks have (and could) impact Google's stock prices substantially.However, to me, the current valuation suggests that these above issues are overblown. At ~13x FW EBT after adjusting for its cash position, the market essentially views it as a terminally stagnating business according to Buffett's 10x EBT rule. Yet, I see it as anything but. I see the stock as an almost-perfect fit to the Buffett 10x EBT rule (except the valuation is a bit above 10x EBT). And as such, I see very favorable prospects for double-digit annual returns in the long term. My projections show ~13% of annual long-term return potential, with about 8% coming from pretax earnings yield and about 5% coming from organic growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":608,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923858686,"gmtCreate":1670831982745,"gmtModify":1676538442376,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9923858686","repostId":"2290441392","repostType":4,"repost":{"id":"2290441392","pubTimestamp":1670825820,"share":"https://ttm.financial/m/news/2290441392?lang=&edition=fundamental","pubTime":"2022-12-12 14:17","market":"us","language":"en","title":"3 Incredible Tech Stocks Down More Than 50% to Buy Before the Next Bull Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2290441392","media":"Motley Fool","summary":"These companies are doing well in spite of economic difficulties.","content":"<html><head></head><body><p>We are officially headed into the second year of the bear market. Businesses around the world are feeling the pinch as consumers and trade partners tighten their budgets heading into 2023. A recession is possible, and inflation is still a persistent worry among many.</p><p>Eventually this bear market will end, and the best businesses that managed the economic downturn will shoot higher. Three such companies with stocks that have fallen by at least 50% are <b>The Trade Desk</b>, <b>Roku</b>, and <b>Sea</b>. Here&#39;s why three Fool.com contributors think they are buys before the next bull market starts.</p><h2>A top play in digital ads, in good times and bad</h2><p><b>Nicholas Rossolillo (The Trade Desk): </b>The digital ad industry is in disarray at the end of 2022, but The Trade Desk is doing just fine. Sluggish economic activity is blunting marketing budgets. Additionally, <b>Apple</b>&#39;s privacy changes -- users can now opt out of app activity tracking, which advertisers use to target the right audience for their promotions -- are also hurting the digital ad space. While many software companies that help with the flow of ads have experienced a sharp decline in revenue, The Trade Desk is humming along nicely.</p><p>Specifically, third-quarter 2022 revenue soared 31% higher to $395 million. And the outlook for the fourth quarter implies growth of <i>at least </i>24%, to $490 million or more.</p><p>Growth amid a tough economy is all fine and well, but what makes The Trade Desk &#34;incredible?&#34; As a demand-side ad platform (it connects marketers with publishers listing ad time for sale), the company has significant competition in the form of <b>Alphabet</b>&#39;s Google, <b><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></b>&#39; Facebook, <b>Amazon</b>, big internet service providers, and more.</p><p>And yet The Trade Desk has differentiated itself with an excellent software stack that makes it more of a partner to marketers -- as opposed to a service provider <i>and competitor </i>like the aforementioned names. Other big tech companies have conflicts of interest that might work against their advertising agent customers, but that&#39;s not the case at The Trade Desk.</p><p>Plus, The Trade Desk generates lots of profits, and it&#39;s early on in beginning to return those profits to shareholders. Net income per share was just $0.03 last quarter (down from last year due to stock-based compensation to employees). But on a per-share basis (which accounts for dilution from stock-based comp), free cash flow is soaring.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55ae5d47f278daf7cf8be91d4811f495\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts.</span></p><p>After getting clobbered by the market this year, The Trade Desk is valued at just under 50 times trailing 12-month free cash flow. It&#39;s a high price tag, but one I&#39;m happy to pay up for given this company&#39;s superior returns in the digital ad industry. When this bear market ends, this business could be in for a massive run-up.</p><h2>Let me repeat: Roku is a screaming buy right now</h2><p><b>Anders Bylund (Roku):</b> I&#39;m sure you have heard this before. However, it&#39;s still true. Therefore, I&#39;m saying it again.</p><p>Media-streaming technology veteran Roku is a no-brainer buy right now.</p><p>As of this writing, Roku&#39;s shares are down by 80% in 52 weeks and 50% in the last six months. The stock trades at eminently reasonable valuation ratios, such as 2.3 times trailing sales and 2.6 times the company&#39;s book value.</p><p>And Roku faces tremendous growth prospects in a thriving market. People all around the world are dropping their cable, satellite, and broadcast TV habits in favor of digital streaming options. Roku offers an incredibly user-friendly platform for streaming video content, with a market-leading footprint in North America and ambitious long-term plans for international growth.</p><p>Business is actually booming. Roku&#39;s third-quarter report showed a 16% year-over-year increase in the number of active users. Each customer also made use of their Roku-powered devices more often, resulting in a 21% uptick in streaming hours and 10% higher average revenues per user (ARPU).</p><p>Keep in mind that most analysts and many investors saw this report as a big disappointment. Share prices fell as much as 18% the next day. But Roku&#39;s greatest mistake was to set modest guidance targets for the next quarter. The reported third-quarter figures exceeded Wall Street&#39;s expectations across the board, with adjusted losses 31% below the consensus estimate on a 10% revenue surprise.</p><p>Roku keeps doing almost everything right, setting the stage for a massive upswing when the global economy gets back on its feet. Meanwhile, clear-eyed growth investors are taking advantage of this wide-open buying window. For example, Cathie Wood&#39;s <b><a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a></b> (ARKK -1.45%) picked up 167,000 more Roku shares after the third-quarter report.</p><p>That&#39;s a smart move, as long as you agree that digital streaming is the future of the media industry. I highly recommend following Wood&#39;s example while Roku&#39;s stock is hanging out in Wall Street&#39;s bargain bin.</p><h2>A leader in high-growth markets on the horizon of profitability</h2><p><b>Billy Duberstein (Sea Limited): </b> Southeast Asia&#39;s Sea Limited catapulted higher during the pandemic, as its three main businesses in gaming, e-commerce, and digital financial services were tailor-made for the pandemic era. During that time, Sea Limited posted eye-popping triple-digit growth rates -- but also losses on its bottom line that were just as eye-opening, as it invested heavily in market leadership.</p><p>As we all know, the winds shifted in 2022. Rising interest rates hurt unprofitable growth stocks&#39; valuations, and Sea&#39;s business growth slowed as customers returned to out-of-home pursuits. Moreover, the dollar strengthened, hurting the value of revenues and profits earned overseas.</p><p>After that perfect storm, no wonder Sea Limited&#39;s stock declined 74% this year. In fact, Sea Limited was actually down much more at one point, but recently rose nearly 50% off its lows following its recent earnings report.</p><p>The recent bounce came as investors saw management executing on promises made earlier in the year. In early 2022, Sea&#39;s management pivoted its mentality to focus on getting to profitability as quickly as possible. With its profitable gaming segment stalling out and beginning to decline, as the hit game <i>Free Fire</i> matured, that meant bringing its unprofitable e-commerce and fintech segments from losses to breakeven.</p><p>Nowhere is that more important than in its Shopee e-commerce platform, now Sea&#39;s largest segment. At the beginning of the year, management laid out the goal of getting Shopee&#39;s core Southeast Asian markets to breakeven on an EBITDA basis (earnings before interest, taxes, depreciation, and amortization), before the allocation of headquarters costs, by the end of this year. Management achieved that a quarter early in Q3, with Taiwan and Malaysia posting positive EBITDA even <i>with</i> the inclusion of allocated headquarters costs.</p><p>Shopee still posted pretty respectable revenue growth as well -- 32.4%, or 38.8% in constant currency, That&#39;s impressive, especially considering Shopee was lapping a quarter in which it grew 134.4% at the end of the pandemic.</p><p>Meanwhile, Sea&#39;s other unprofitable division, its SeaMoney digital financial services segment, continued its torrid growth. It rose 147.2% to $326.9 million, with its EBITDA loss narrowing by 57.4% over the past year to just $67.7 million.</p><p>With management backing up its promises from earlier this year, that bodes well for its next goal stated on the recent conference call. That&#39;s for Shopee and SeaMoney to reach EBITDA breakeven overall, including all allocated headquarters costs as well as the high-growth Brazilian market, by the end of 2023.</p><p>With $7.3 billion in cash, Shopee should have plenty of cushion to get there. Once the company gets to a point where overall profitability becomes more visible, this market-leading growth stock should take off again.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Incredible Tech Stocks Down More Than 50% to Buy Before the Next Bull Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Incredible Tech Stocks Down More Than 50% to Buy Before the Next Bull Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-12 14:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/11/3-incredible-tech-stocks-down-more-than-50-to-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We are officially headed into the second year of the bear market. Businesses around the world are feeling the pinch as consumers and trade partners tighten their budgets heading into 2023. A recession...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/11/3-incredible-tech-stocks-down-more-than-50-to-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TTD":"Trade Desk Inc.","ROKU":"Roku Inc","SE":"Sea Ltd"},"source_url":"https://www.fool.com/investing/2022/12/11/3-incredible-tech-stocks-down-more-than-50-to-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2290441392","content_text":"We are officially headed into the second year of the bear market. Businesses around the world are feeling the pinch as consumers and trade partners tighten their budgets heading into 2023. A recession is possible, and inflation is still a persistent worry among many.Eventually this bear market will end, and the best businesses that managed the economic downturn will shoot higher. Three such companies with stocks that have fallen by at least 50% are The Trade Desk, Roku, and Sea. Here's why three Fool.com contributors think they are buys before the next bull market starts.A top play in digital ads, in good times and badNicholas Rossolillo (The Trade Desk): The digital ad industry is in disarray at the end of 2022, but The Trade Desk is doing just fine. Sluggish economic activity is blunting marketing budgets. Additionally, Apple's privacy changes -- users can now opt out of app activity tracking, which advertisers use to target the right audience for their promotions -- are also hurting the digital ad space. While many software companies that help with the flow of ads have experienced a sharp decline in revenue, The Trade Desk is humming along nicely.Specifically, third-quarter 2022 revenue soared 31% higher to $395 million. And the outlook for the fourth quarter implies growth of at least 24%, to $490 million or more.Growth amid a tough economy is all fine and well, but what makes The Trade Desk \"incredible?\" As a demand-side ad platform (it connects marketers with publishers listing ad time for sale), the company has significant competition in the form of Alphabet's Google, Meta Platforms' Facebook, Amazon, big internet service providers, and more.And yet The Trade Desk has differentiated itself with an excellent software stack that makes it more of a partner to marketers -- as opposed to a service provider and competitor like the aforementioned names. Other big tech companies have conflicts of interest that might work against their advertising agent customers, but that's not the case at The Trade Desk.Plus, The Trade Desk generates lots of profits, and it's early on in beginning to return those profits to shareholders. Net income per share was just $0.03 last quarter (down from last year due to stock-based compensation to employees). But on a per-share basis (which accounts for dilution from stock-based comp), free cash flow is soaring.Data by YCharts.After getting clobbered by the market this year, The Trade Desk is valued at just under 50 times trailing 12-month free cash flow. It's a high price tag, but one I'm happy to pay up for given this company's superior returns in the digital ad industry. When this bear market ends, this business could be in for a massive run-up.Let me repeat: Roku is a screaming buy right nowAnders Bylund (Roku): I'm sure you have heard this before. However, it's still true. Therefore, I'm saying it again.Media-streaming technology veteran Roku is a no-brainer buy right now.As of this writing, Roku's shares are down by 80% in 52 weeks and 50% in the last six months. The stock trades at eminently reasonable valuation ratios, such as 2.3 times trailing sales and 2.6 times the company's book value.And Roku faces tremendous growth prospects in a thriving market. People all around the world are dropping their cable, satellite, and broadcast TV habits in favor of digital streaming options. Roku offers an incredibly user-friendly platform for streaming video content, with a market-leading footprint in North America and ambitious long-term plans for international growth.Business is actually booming. Roku's third-quarter report showed a 16% year-over-year increase in the number of active users. Each customer also made use of their Roku-powered devices more often, resulting in a 21% uptick in streaming hours and 10% higher average revenues per user (ARPU).Keep in mind that most analysts and many investors saw this report as a big disappointment. Share prices fell as much as 18% the next day. But Roku's greatest mistake was to set modest guidance targets for the next quarter. The reported third-quarter figures exceeded Wall Street's expectations across the board, with adjusted losses 31% below the consensus estimate on a 10% revenue surprise.Roku keeps doing almost everything right, setting the stage for a massive upswing when the global economy gets back on its feet. Meanwhile, clear-eyed growth investors are taking advantage of this wide-open buying window. For example, Cathie Wood's ARK Innovation ETF (ARKK -1.45%) picked up 167,000 more Roku shares after the third-quarter report.That's a smart move, as long as you agree that digital streaming is the future of the media industry. I highly recommend following Wood's example while Roku's stock is hanging out in Wall Street's bargain bin.A leader in high-growth markets on the horizon of profitabilityBilly Duberstein (Sea Limited):  Southeast Asia's Sea Limited catapulted higher during the pandemic, as its three main businesses in gaming, e-commerce, and digital financial services were tailor-made for the pandemic era. During that time, Sea Limited posted eye-popping triple-digit growth rates -- but also losses on its bottom line that were just as eye-opening, as it invested heavily in market leadership.As we all know, the winds shifted in 2022. Rising interest rates hurt unprofitable growth stocks' valuations, and Sea's business growth slowed as customers returned to out-of-home pursuits. Moreover, the dollar strengthened, hurting the value of revenues and profits earned overseas.After that perfect storm, no wonder Sea Limited's stock declined 74% this year. In fact, Sea Limited was actually down much more at one point, but recently rose nearly 50% off its lows following its recent earnings report.The recent bounce came as investors saw management executing on promises made earlier in the year. In early 2022, Sea's management pivoted its mentality to focus on getting to profitability as quickly as possible. With its profitable gaming segment stalling out and beginning to decline, as the hit game Free Fire matured, that meant bringing its unprofitable e-commerce and fintech segments from losses to breakeven.Nowhere is that more important than in its Shopee e-commerce platform, now Sea's largest segment. At the beginning of the year, management laid out the goal of getting Shopee's core Southeast Asian markets to breakeven on an EBITDA basis (earnings before interest, taxes, depreciation, and amortization), before the allocation of headquarters costs, by the end of this year. Management achieved that a quarter early in Q3, with Taiwan and Malaysia posting positive EBITDA even with the inclusion of allocated headquarters costs.Shopee still posted pretty respectable revenue growth as well -- 32.4%, or 38.8% in constant currency, That's impressive, especially considering Shopee was lapping a quarter in which it grew 134.4% at the end of the pandemic.Meanwhile, Sea's other unprofitable division, its SeaMoney digital financial services segment, continued its torrid growth. It rose 147.2% to $326.9 million, with its EBITDA loss narrowing by 57.4% over the past year to just $67.7 million.With management backing up its promises from earlier this year, that bodes well for its next goal stated on the recent conference call. That's for Shopee and SeaMoney to reach EBITDA breakeven overall, including all allocated headquarters costs as well as the high-growth Brazilian market, by the end of 2023.With $7.3 billion in cash, Shopee should have plenty of cushion to get there. Once the company gets to a point where overall profitability becomes more visible, this market-leading growth stock should take off again.","news_type":1},"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987465286,"gmtCreate":1667966404645,"gmtModify":1676537992007,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"그는 돈이 많다","listText":"그는 돈이 많다","text":"그는 돈이 많다","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9987465286","repostId":"1175498015","repostType":4,"repost":{"id":"1175498015","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":1667974605,"share":"https://ttm.financial/m/news/1175498015?lang=&edition=fundamental","pubTime":"2022-11-09 14:16","market":"us","language":"en","title":"Musk Sells Tesla Shares Worth $3.95 Bln Days After Twitter Takeover","url":"https://stock-news.laohu8.com/highlight/detail?id=1175498015","media":"Reuters","summary":"Nov 8 (Reuters) - Tesla IncChief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed his pur","content":"<html><head></head><body><p>Nov 8 (Reuters) - Tesla Inc Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed his purchase of Twitter Inc for $44 billion.</p><p>Musk, whose net worth dropped below $200 billion after investors dumped Tesla stock, unloaded 19.5 million shares between Friday and Tuesday, filings published by the U.S. Securities and Exchange Commission showed.</p><p>The latest share sale leaves Musk with a stake of roughly 14% in Tesla, according to a Reuters calculation.</p><p>The purpose of the sale was not disclosed.</p><p>The latest sale dump comes as analysts had widely expected Musk to sell additional Tesla shares to finance the Twitter deal.</p><p>Musk, the world&#39;s richest man, had asserted in April he was done selling Tesla stock. Still, he went on to sell another $6.9 billion worth Tesla shares in August and said the sale was conducted to pay for the social media platform.</p><p>Musk, the world&#39;s richest man, had about $20 billion in cash after selling a part of his stake in Tesla, including the sales made last year. This would have required him to raise an additional $2 billion to $3 billion to finance the takeover, according to a Reuters calculation.</p><p>Tesla has lost nearly half its market value and Musk&#39;s net worth slumped by $70 billion ever since he bid for Twitter in April.</p><p>Twitter and Tesla did not immediately respond to Reuters&#39; requests for comment.</p><p>Musk took over Twitter last month and has engaged in drastic measures including sacking half the staff and a plan to charge for blue check verification marks.</p><p>The billionaire pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. Banks, including Morgan Stanley and Bank of America Corp, committed to provide $13 billion in debt financing.</p><p>Musk&#39;s $33.5 billion equity commitment included his 9.6% Twitter stake, which is worth $4 billion, and the $7.1 billion he had secured from equity investors, including Oracle Corp co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal.</p><p>Musk had tried to walk away from the deal in May, alleging that Twitter understated the number of bot and spam accounts on the platform. This led to a series of lawsuits between the two parties.</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>Musk Sells Tesla Shares Worth $3.95 Bln Days After Twitter Takeover</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\">\nMusk Sells Tesla Shares Worth $3.95 Bln Days After Twitter Takeover\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\">2022-11-09 14:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nov 8 (Reuters) - Tesla Inc Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed his purchase of Twitter Inc for $44 billion.</p><p>Musk, whose net worth dropped below $200 billion after investors dumped Tesla stock, unloaded 19.5 million shares between Friday and Tuesday, filings published by the U.S. Securities and Exchange Commission showed.</p><p>The latest share sale leaves Musk with a stake of roughly 14% in Tesla, according to a Reuters calculation.</p><p>The purpose of the sale was not disclosed.</p><p>The latest sale dump comes as analysts had widely expected Musk to sell additional Tesla shares to finance the Twitter deal.</p><p>Musk, the world&#39;s richest man, had asserted in April he was done selling Tesla stock. Still, he went on to sell another $6.9 billion worth Tesla shares in August and said the sale was conducted to pay for the social media platform.</p><p>Musk, the world&#39;s richest man, had about $20 billion in cash after selling a part of his stake in Tesla, including the sales made last year. This would have required him to raise an additional $2 billion to $3 billion to finance the takeover, according to a Reuters calculation.</p><p>Tesla has lost nearly half its market value and Musk&#39;s net worth slumped by $70 billion ever since he bid for Twitter in April.</p><p>Twitter and Tesla did not immediately respond to Reuters&#39; requests for comment.</p><p>Musk took over Twitter last month and has engaged in drastic measures including sacking half the staff and a plan to charge for blue check verification marks.</p><p>The billionaire pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. Banks, including Morgan Stanley and Bank of America Corp, committed to provide $13 billion in debt financing.</p><p>Musk&#39;s $33.5 billion equity commitment included his 9.6% Twitter stake, which is worth $4 billion, and the $7.1 billion he had secured from equity investors, including Oracle Corp co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal.</p><p>Musk had tried to walk away from the deal in May, alleging that Twitter understated the number of bot and spam accounts on the platform. This led to a series of lawsuits between the two parties.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175498015","content_text":"Nov 8 (Reuters) - Tesla Inc Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed his purchase of Twitter Inc for $44 billion.Musk, whose net worth dropped below $200 billion after investors dumped Tesla stock, unloaded 19.5 million shares between Friday and Tuesday, filings published by the U.S. Securities and Exchange Commission showed.The latest share sale leaves Musk with a stake of roughly 14% in Tesla, according to a Reuters calculation.The purpose of the sale was not disclosed.The latest sale dump comes as analysts had widely expected Musk to sell additional Tesla shares to finance the Twitter deal.Musk, the world's richest man, had asserted in April he was done selling Tesla stock. Still, he went on to sell another $6.9 billion worth Tesla shares in August and said the sale was conducted to pay for the social media platform.Musk, the world's richest man, had about $20 billion in cash after selling a part of his stake in Tesla, including the sales made last year. This would have required him to raise an additional $2 billion to $3 billion to finance the takeover, according to a Reuters calculation.Tesla has lost nearly half its market value and Musk's net worth slumped by $70 billion ever since he bid for Twitter in April.Twitter and Tesla did not immediately respond to Reuters' requests for comment.Musk took over Twitter last month and has engaged in drastic measures including sacking half the staff and a plan to charge for blue check verification marks.The billionaire pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. Banks, including Morgan Stanley and Bank of America Corp, committed to provide $13 billion in debt financing.Musk's $33.5 billion equity commitment included his 9.6% Twitter stake, which is worth $4 billion, and the $7.1 billion he had secured from equity investors, including Oracle Corp co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal.Musk had tried to walk away from the deal in May, alleging that Twitter understated the number of bot and spam accounts on the platform. This led to a series of lawsuits between the two parties.","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997863831,"gmtCreate":1661780834825,"gmtModify":1676536577422,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Ready amd steady&nbsp;","listText":"Ready amd steady&nbsp;","text":"Ready amd steady","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997863831","repostId":"1125495644","repostType":4,"repost":{"id":"1125495644","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1661783284,"share":"https://ttm.financial/m/news/1125495644?lang=&edition=fundamental","pubTime":"2022-08-29 22:28","market":"us","language":"en","title":"Apple Is “Well Positioned” to Beat a DOJ Lawsuit, Analyst Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1125495644","media":"Dow Jones","summary":"The Justice Department is preparing to file a sweeping antitrust complaint against Apple, according ","content":"<html><head></head><body><p>The Justice Department is preparing to file a sweeping antitrust complaint against Apple, according to a report from Politico, but Evercore ISI analyst Amit Daryanani thinks the tech giant remains the least at risk from regulatory changes among big tech companies.</p><p>On Friday, Politico reported that various groups inside the DOJ were hoping to file an antitrust suit against <a href=\"https://laohu8.com/S/AAPL\">Apple</a> by the end of the year. Most of the attention has focused on the company’s App Store, but the case could also allege that Apple’s hardware harms competitors beyond app developers, Politico added.</p><p>Apple didn’t immediately respond to a request for comment early Monday morning.</p><p>While the lawsuit would be a “headline risk” that could affect the stock price, investors shouldn’t be too worried, wrote Daryanani. “We think Apple is well positioned to win any potential lawsuit related to the App Store,” he said.</p><p>The risks regarding hardware are also relatively small, Daryanani added. Politico reported that the DOJ suit could center around Apple’s dispute with Tile, a tracking-device company whose signature tracking hardware competes against Apple’s AirTags. If the suit does pivot to focusing on Tile’s claims, that would be a positive for Apple, as changes to AirTags would be “relatively immaterial” to the company’s bottom line, Daryanani said.</p><p>If filed, the DOJ’s suit would be the latest legal action challenging Apple’s market position in recent years. The company is currently appealing the outcome of its battle with Fortnite developer Epic Games, which would bring about significant changes to the App Store by making it easier for software developers to circumvent Apple’s payment system for in-game purchases.</p><p>A DOJ suit focused on App Store practices would be more significant, Daryanani wrote. He said an antitrust suit probably wouldn’t be filed until later this year, once the appeals of the Epic lawsuit have been resolved.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Is “Well Positioned” to Beat a DOJ Lawsuit, Analyst Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Is “Well Positioned” to Beat a DOJ Lawsuit, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-29 22:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Justice Department is preparing to file a sweeping antitrust complaint against Apple, according to a report from Politico, but Evercore ISI analyst Amit Daryanani thinks the tech giant remains the least at risk from regulatory changes among big tech companies.</p><p>On Friday, Politico reported that various groups inside the DOJ were hoping to file an antitrust suit against <a href=\"https://laohu8.com/S/AAPL\">Apple</a> by the end of the year. Most of the attention has focused on the company’s App Store, but the case could also allege that Apple’s hardware harms competitors beyond app developers, Politico added.</p><p>Apple didn’t immediately respond to a request for comment early Monday morning.</p><p>While the lawsuit would be a “headline risk” that could affect the stock price, investors shouldn’t be too worried, wrote Daryanani. “We think Apple is well positioned to win any potential lawsuit related to the App Store,” he said.</p><p>The risks regarding hardware are also relatively small, Daryanani added. Politico reported that the DOJ suit could center around Apple’s dispute with Tile, a tracking-device company whose signature tracking hardware competes against Apple’s AirTags. If the suit does pivot to focusing on Tile’s claims, that would be a positive for Apple, as changes to AirTags would be “relatively immaterial” to the company’s bottom line, Daryanani said.</p><p>If filed, the DOJ’s suit would be the latest legal action challenging Apple’s market position in recent years. The company is currently appealing the outcome of its battle with Fortnite developer Epic Games, which would bring about significant changes to the App Store by making it easier for software developers to circumvent Apple’s payment system for in-game purchases.</p><p>A DOJ suit focused on App Store practices would be more significant, Daryanani wrote. He said an antitrust suit probably wouldn’t be filed until later this year, once the appeals of the Epic lawsuit have been resolved.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125495644","content_text":"The Justice Department is preparing to file a sweeping antitrust complaint against Apple, according to a report from Politico, but Evercore ISI analyst Amit Daryanani thinks the tech giant remains the least at risk from regulatory changes among big tech companies.On Friday, Politico reported that various groups inside the DOJ were hoping to file an antitrust suit against Apple by the end of the year. Most of the attention has focused on the company’s App Store, but the case could also allege that Apple’s hardware harms competitors beyond app developers, Politico added.Apple didn’t immediately respond to a request for comment early Monday morning.While the lawsuit would be a “headline risk” that could affect the stock price, investors shouldn’t be too worried, wrote Daryanani. “We think Apple is well positioned to win any potential lawsuit related to the App Store,” he said.The risks regarding hardware are also relatively small, Daryanani added. Politico reported that the DOJ suit could center around Apple’s dispute with Tile, a tracking-device company whose signature tracking hardware competes against Apple’s AirTags. If the suit does pivot to focusing on Tile’s claims, that would be a positive for Apple, as changes to AirTags would be “relatively immaterial” to the company’s bottom line, Daryanani said.If filed, the DOJ’s suit would be the latest legal action challenging Apple’s market position in recent years. The company is currently appealing the outcome of its battle with Fortnite developer Epic Games, which would bring about significant changes to the App Store by making it easier for software developers to circumvent Apple’s payment system for in-game purchases.A DOJ suit focused on App Store practices would be more significant, Daryanani wrote. He said an antitrust suit probably wouldn’t be filed until later this year, once the appeals of the Epic lawsuit have been resolved.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996311985,"gmtCreate":1661124963549,"gmtModify":1676536455267,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Still have some room","listText":"Still have some room","text":"Still have some room","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996311985","repostId":"1166184234","repostType":2,"repost":{"id":"1166184234","pubTimestamp":1661124076,"share":"https://ttm.financial/m/news/1166184234?lang=&edition=fundamental","pubTime":"2022-08-22 07:21","market":"us","language":"en","title":"Why Is Apple's Biggest Day Of Year Happening Earlier Than Usual In 2022? Gurman Weighs In","url":"https://stock-news.laohu8.com/highlight/detail?id=1166184234","media":"Benzinga","summary":"ZINGER KEY POINTSApple iPhone launch event in 2022 could be the earliest since 2016: Bloomberg Gurma","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>Apple iPhone launch event in 2022 could be the earliest since 2016: Bloomberg Gurman.</li><li>This could be Apple&#39;s most normal fall since the 2019 launch of the iPhone, he says.</li></ul><p><b>Apple, Inc.’s</b> iPhone 14 launch, rumored to take place on Sept. 7, would be the earliest iPhone launch since 2016, Bloomberg columnist <b>Mark Gurman</b> said in his weekly “Power On” newsletter.</p><p><b>Gurrnan has three takeaways from this:</b></p><ul><li>Apple gets an additional week of iPhone 14 sales in its fiscal fourth quarter, which ends in September – an advantage as it faces a tougher comparison with the year-ago quarter, when sales climbed 29%. An extra week of iPhone 14 sales could help beat the $83 billion revenue earned in the fiscal year 2021 fourth quarter.</li><li>The early launch being planned suggests Apple’s iPhone supply chain is working well, despite lingering chip shortages and rising costs.</li><li>Apple may want to space out its second-half launch events.</li></ul><p><b>Potential</b> <b>iPhone</b> <b>Launch Plans:</b> Following the launch on Sept. 7, Gurman expects the new iPhone iteration to go on sale on Sept. 16.</p><p>Atypically, the launch day is going to be on Wednesday, apparently to give time for the press and other guests to travel after Monday’s Labor Day holiday, he said. Gurman, therefore, expects a hybrid event, with an in-person event hosted on the Apple Park campus. The launch event could be streamed live to a crowd at the campus, he added.</p><p>“The combination of an on-site media event and in-person office work could make it feel like Apple’s most normal fall since the iPhone11 was launched in 2019,” Gurman said.</p><p>Apple will likely send out invites between Aug. 29 and Aug. 31, he said.</p><p><b>Other Launches:</b> Gurman expects the Apple Watch to be launched in September followed by new iPads and Macs, together, in October.</p><p>Apple will likely announce in October a revamped iPad Pro with an M2 processor and an updated entry-level iPad with an A14 chip and USB-C port, Gurman said. The company could also launch at least two of the Macs it is currently working on - M2-based versions of the Mac mini, Mac Pro and MacBook Pro, he added.</p><p>Apple closed Friday’s session down 1.15% at $171.52.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Apple's Biggest Day Of Year Happening Earlier Than Usual In 2022? Gurman Weighs In</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Apple's Biggest Day Of Year Happening Earlier Than Usual In 2022? Gurman Weighs In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-22 07:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/22/08/28577619/apples-biggest-day-of-year-will-ring-in-earlier-than-usual-in-2022-what-that-means-for-the-iphone-ma><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSApple iPhone launch event in 2022 could be the earliest since 2016: Bloomberg Gurman.This could be Apple's most normal fall since the 2019 launch of the iPhone, he says.Apple, Inc.’s ...</p>\n\n<a href=\"https://www.benzinga.com/news/22/08/28577619/apples-biggest-day-of-year-will-ring-in-earlier-than-usual-in-2022-what-that-means-for-the-iphone-ma\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.benzinga.com/news/22/08/28577619/apples-biggest-day-of-year-will-ring-in-earlier-than-usual-in-2022-what-that-means-for-the-iphone-ma","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166184234","content_text":"ZINGER KEY POINTSApple iPhone launch event in 2022 could be the earliest since 2016: Bloomberg Gurman.This could be Apple's most normal fall since the 2019 launch of the iPhone, he says.Apple, Inc.’s iPhone 14 launch, rumored to take place on Sept. 7, would be the earliest iPhone launch since 2016, Bloomberg columnist Mark Gurman said in his weekly “Power On” newsletter.Gurrnan has three takeaways from this:Apple gets an additional week of iPhone 14 sales in its fiscal fourth quarter, which ends in September – an advantage as it faces a tougher comparison with the year-ago quarter, when sales climbed 29%. An extra week of iPhone 14 sales could help beat the $83 billion revenue earned in the fiscal year 2021 fourth quarter.The early launch being planned suggests Apple’s iPhone supply chain is working well, despite lingering chip shortages and rising costs.Apple may want to space out its second-half launch events.Potential iPhone Launch Plans: Following the launch on Sept. 7, Gurman expects the new iPhone iteration to go on sale on Sept. 16.Atypically, the launch day is going to be on Wednesday, apparently to give time for the press and other guests to travel after Monday’s Labor Day holiday, he said. Gurman, therefore, expects a hybrid event, with an in-person event hosted on the Apple Park campus. The launch event could be streamed live to a crowd at the campus, he added.“The combination of an on-site media event and in-person office work could make it feel like Apple’s most normal fall since the iPhone11 was launched in 2019,” Gurman said.Apple will likely send out invites between Aug. 29 and Aug. 31, he said.Other Launches: Gurman expects the Apple Watch to be launched in September followed by new iPads and Macs, together, in October.Apple will likely announce in October a revamped iPad Pro with an M2 processor and an updated entry-level iPad with an A14 chip and USB-C port, Gurman said. The company could also launch at least two of the Macs it is currently working on - M2-based versions of the Mac mini, Mac Pro and MacBook Pro, he added.Apple closed Friday’s session down 1.15% at $171.52.","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993454104,"gmtCreate":1660721195011,"gmtModify":1676536386781,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Still not bottom","listText":"Still not bottom","text":"Still not bottom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993454104","repostId":"1107258045","repostType":4,"repost":{"id":"1107258045","pubTimestamp":1660716487,"share":"https://ttm.financial/m/news/1107258045?lang=&edition=fundamental","pubTime":"2022-08-17 14:08","market":"us","language":"en","title":"Sea Limited: Is It Cheap Enough?","url":"https://stock-news.laohu8.com/highlight/detail?id=1107258045","media":"seekingalpha","summary":"SummarySea Limited reported second quarter results but investors were disappointed and punished the ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Sea Limited reported second quarter results but investors were disappointed and punished the stock during the following trading day.</li><li>When looking at the results, we can see signs of the business struggling already and the looming recession is adding another risk to the business.</li><li>It is difficult to determine an intrinsic value for Sea Limited, but the stock could be undervalued right now and might be a speculative bet.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a963b30c4a818dfcf6148d33a7d6eaae\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>bunhill</span></p><p>My last article about Sea Limited (NYSE:SE) was published in February 2022 when the stock was trading around $140, and I rated the stock as a hold. Since then, the stock declined more than 35% (and was trading even lower inthe meantime) and as Sea Limited was already declining before my last article it is now trading about 75% below its all-time high the stock reached in the fall of 2021.</p><p>The quarterly earnings results are a good opportunity to take a closer look at Sea Limited again and ask the question if the stock is now cheap enough and a good investment. We start by looking at the quarterly results.</p><p><b>Quarterly Results</b></p><p>On Tuesday, Sea Limited reported second quarter results for fiscal 2022. And while the company could slightly beat earnings per share estimates, it slightly missed revenue expectations. When turning away from analysts’ estimates and look at the hard numbers we can see sales increasing 29.0% year-over-year from $2,281 million in the same quarter last year to $2,943 million this quarter. The rather negative point of view might be growth slowing down over the last few quarters as revenue growth was 64% one quarter ago and 106% two quarters earlier. However, we must keep the macro-economic environment in mind and several other technology companies have troubles growing at all these days.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b36a47b7e0494c88aec4f60add1163b4\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Sea Limited Q2/22 Presentation</span></p><p>When looking at the three different segments we see extremely mixed results. Revenue for “Digital Entertainment” declined from $1,024 million in the same quarter last year to $900 million this quarter – resulting in 12.1% year-over-year decline. And “sales of goods” could increase revenue from $257 million in Q2/21 to $287 million in Q2/22 – resulting in 11.7% YoY growth. The biggest part of growth (in absolute and relative numbers) stemmed from “E-commerce and other services” which could grow 75.6% year-over-year from $1,000 million in Q2/21 to $1,756 million in Q2/22.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e4e50c54d34ff1ca86adbe13b84de2c\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Sea Limited Q2/22 Presentation</span></p><p>While Sea Limited is still able to grow its top line with a solid pace, the increasing costs have a huge negative impact on the operating income (or rather: operating loss) as well as the bottom line. Expenses for sales and marketing were more or less the same (compared to the same quarter last year) but costs of revenue increased with a higher pace than revenue. And especially general &amp; administrative expenses (+96% YoY) as well as research and development expenses (+115% YoY) increased quite a lot.</p><p>As a result, operating loss increased from a loss of $334 million in the same quarter last year to $837 million this quarter and net losses per share increased from $0.61 in Q2/21 to $1.03 in Q2/22.</p><p>And finally, Sea Limited also suspended its e-commerce guidance and although there seems to be a logical explanation, I would see this move as a rather bad sign. In its earnings release, the company is stating:</p><blockquote>In our efforts to adapt to increasing macro uncertainties, we are proactively shifting our strategies to further focus on efficiency and optimization for the long-term strength and profitability of the e-commerce business. Given this strategic shift, we will be suspending e-commerce GAAP revenue guidance for the full year 2022.</blockquote><p><b>Light and Shadow</b></p><p>When looking at the e-commerce segment we see solid growth rates for Sea Limited. Year-over-year the number of gross orders increased 42% to 2.0 billion and gross merchandise volume also increased in the same timeframe, but only 27%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04efc4f6c6fdc4547ec2d87affe5352a\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\"/><span>Sea Limited Q2/22 Presentation</span></p><p>Aside from e-commerce, digital financial services are also growing. Quarterly active users are growing 53% year-over-year to 52.7 million and the total payment volume for mobile wallet was increasing 36% year-over-year to $5.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/798fa51a2c7f971c127efeeb28e5595d\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\"/><span>Sea Limited Q2/22 Presentation</span></p><p>In both cases we are seeing solid growth rates, but the number of orders and quarterly active users is growing with a higher pace than gross merchandise/payment volume and this could be interpreted as small warning sign. Active customers are obviously spending less money. This could have several different reasons but could be a first hint for the economy slowing down.</p><p>And when looking at digital entertainment, the picture is becoming murkier. While digital entertainment certainly has a large global user base, we cannot ignore the negative trends over the last few quarters. Not only are quarterly active users declining from 725.2 million one year ago to 619.3 million right now (15% YoY decline), but quarterly paying users declined even 39% YoY from 92.2 million in Q2/21 to 56.1 million in Q2/22.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94ec45c6f2c60c8479c296ae35bef6a6\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\"/><span>Sea Limited Q2/22 Presentation</span></p><p>Sea Limited is explaining the decrease in revenue due to the softening of bookings post-COVID. However, the increase of quarterly paying users between Q2/20 and Q2/21 was almost completely erased. Quarterly paying users increased only with a CAGR of 6% in the last two years – from 49.9 million in Q2/20 to 56.1 million in Q2/22. And so far, digital entertainment is the only segment for Sea Limited which is profitable and with sales and operating income declining this is especially problematic as Sea Limited is using the cash to fund its other business segments.</p><p><b>Recession as Headwind</b></p><p>The looming recession was mentioned countless times in the last few months (by many analysts and contributors including myself). We are seeing growth rates slowing down for many businesses – recently I wrote about Meta Platforms (META) which had to report declining revenue for the first time ever – and Sea Limited is no exception (as we already saw above). And if the recession will hit the world, growth rates might slow down even more. Sea Limited is depending on entertainment, games as well as retail/e-commerce. And these are all segments that are usually affected by a recession. People usually purchase less goods in case of a recession as the disposable income will decline. Rising interest rates will also force people to choose more wisely where to spend money. And spendings for games as well as entertainment are probably not considered essential by most people and might be among the first victims when expenses must be cut.</p><p>Of course, Sea Limited is very active in the Southeast Asia region and while I am pretty sure the United States and many European countries will be in a recession in 2023, I don’t know enough about that region to make reasonable predictions. I am just assuming the next recession being a global and brutal one and therefore affecting most countries and companies around the world.</p><p><b>Problems: Lacking Profitability and Dilution</b></p><p>One problem I see with investing in Sea Limited right now is the lacking profitability of the business. I know Sea Limited is still a rather young company (founded 13 years ago) and it is not untypical for young companies to be not profitable yet – especially if management is still focused on growing with a high pace and sacrificing profitability for high revenue growth. And it seems to be working as Sea Limited is still growing with an extremely high pace compared to other competitors. And the balance sheet (we will get to this) is allowing Sea Limited to be not profitable yet and focus on growth while still burning cash for a few more years.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eed9e10e9d9d00e449ddc1b7e0df9db5\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/><span>SE Average Diluted Shares Outstanding (Quarterly) data by YCharts</span></p><p>Sea Limited is also increasing the number of outstanding shares constantly – another aspect I don’t like to see as potential investors. I don’t want to see my stake in the company diluted over time. Nevertheless, Sea Limited is increasing the number of outstanding shares with a high pace in the last few quarters, and we must assume the business will continue to do so in the quarters to come.</p><p><b>Balance Sheet</b></p><p>Sea Limited is continuing to dilute is shares, which is not a good sign for investors as it is lowering the profit for each investor when the number of outstanding shares is continuously increasing. However, it is good to know that Sea Limited doesn’t have to issue additional shares to raise capital as the balance sheet is solid (when management is continuing to dilute it is happening for different reasons).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01b9f1c402d80e51be966f2ec26fc672\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Sea Limited Q2/22 Presentation</span></p><p>In the last few quarters, cash and cash equivalents as well as short-term investments declined from $11.8 billion in the third quarter of fiscal 2021 to about $7.8 billion in the second quarter of fiscal 2022. Nevertheless, on June 30, 2022, the company still had $6,493 million in cash and cash equivalents and $1,288 million in short-term investments on its balance sheet and no short- or long-term debt. And as Sea Limited will probably not be profitable in the next few quarters (and most likely not generate free cash flow) it is good to know that the business won’t have to rely on additional cash.</p><p><b>Intrinsic Value Calculation</b></p><p>Sea Limited is still not profitable, which is making it rather difficult to look at simple valuation metrics – with free cash flow as well as earnings per share being negative in the last four quarters, we can’t neither calculate a P/FCF ratio nor a P/E ratio. Instead, we can look at the price-sales ratio and since my last article in February 2022, the price-sales ratio continued to decline further. Right now, Sea Limited is trading for 4.4 times sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14542e22f7c95a056cfb343d98340c5c\" tg-width=\"1280\" tg-height=\"877\" referrerpolicy=\"no-referrer\"/><span>SE PS Ratio data by YCharts</span></p><p>And it might be helpful to offer some perspective to interpret that price-sales ratio. Of the four companies presented above, Sea Limited has the highest price-sales ratio, but aside from Alibaba (BABA), which is trading for only 1.9 times sales, the other three companies have almost similar P/S ratios. Tencent (OTCPK:TCEHY) is trading for 4.3 times sales and Meta Platforms is trading for 4.2 times sales.</p><p>And these three companies – Alibaba, Tencent and Meta Platforms – are all stocks I consider undervalued right now. The fact, that two of them are trading for a similar P/S ratio as Sea Limited although Sea Limited can grow at a much higher pace might imply that Sea Limited is rather cheap right now.</p><p>Of course, Sea Limited must become profitable in a similar way as these businesses to make P/S ratios comparable. And so far, Sea Limited is struggling to be profitable, but as we are talking about similar business models, I think Sea Limited can become profitable in a similar way. The company is trying to grow with a high pace and take market shares – like most of these technology companies did in the early days.</p><p><b>Conclusion</b></p><p>Following earnings, Sea Limited seems to be taking a big hit and the stock declined almost 14% on Tuesday as investors are obviously not satisfied with the news. And at $75 the stock might be worth a shot, and I would describe myself as slightly bullish. Ray Dalio and his hedge fund Bridgewater also invested recently in Sea Limited (and sold the stakes in the Chinese companies Alibaba and JD.com (JD)).</p><p>Although Sea Limited might be undervalued at this point, we should not ignore that a bear market and recession is most likely still upon us. I expect the next few years to be rather challenging for stocks and when the recession will hit the economy earnings per share will decline and many stocks will go much lower. Despite an already 75% decline for Sea Limited, the stock could go lower. When remembering the Dotcom bubble and stocks declining 90% or 95%, we get a feeling how low technology stocks could go.</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>Sea Limited: Is It Cheap Enough?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited: Is It Cheap Enough?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 14:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4535070-sea-limited-is-it-cheap-enough?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited reported second quarter results but investors were disappointed and punished the stock during the following trading day.When looking at the results, we can see signs of the business...</p>\n\n<a href=\"https://seekingalpha.com/article/4535070-sea-limited-is-it-cheap-enough?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4535070-sea-limited-is-it-cheap-enough?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1107258045","content_text":"SummarySea Limited reported second quarter results but investors were disappointed and punished the stock during the following trading day.When looking at the results, we can see signs of the business struggling already and the looming recession is adding another risk to the business.It is difficult to determine an intrinsic value for Sea Limited, but the stock could be undervalued right now and might be a speculative bet.bunhillMy last article about Sea Limited (NYSE:SE) was published in February 2022 when the stock was trading around $140, and I rated the stock as a hold. Since then, the stock declined more than 35% (and was trading even lower inthe meantime) and as Sea Limited was already declining before my last article it is now trading about 75% below its all-time high the stock reached in the fall of 2021.The quarterly earnings results are a good opportunity to take a closer look at Sea Limited again and ask the question if the stock is now cheap enough and a good investment. We start by looking at the quarterly results.Quarterly ResultsOn Tuesday, Sea Limited reported second quarter results for fiscal 2022. And while the company could slightly beat earnings per share estimates, it slightly missed revenue expectations. When turning away from analysts’ estimates and look at the hard numbers we can see sales increasing 29.0% year-over-year from $2,281 million in the same quarter last year to $2,943 million this quarter. The rather negative point of view might be growth slowing down over the last few quarters as revenue growth was 64% one quarter ago and 106% two quarters earlier. However, we must keep the macro-economic environment in mind and several other technology companies have troubles growing at all these days.Sea Limited Q2/22 PresentationWhen looking at the three different segments we see extremely mixed results. Revenue for “Digital Entertainment” declined from $1,024 million in the same quarter last year to $900 million this quarter – resulting in 12.1% year-over-year decline. And “sales of goods” could increase revenue from $257 million in Q2/21 to $287 million in Q2/22 – resulting in 11.7% YoY growth. The biggest part of growth (in absolute and relative numbers) stemmed from “E-commerce and other services” which could grow 75.6% year-over-year from $1,000 million in Q2/21 to $1,756 million in Q2/22.Sea Limited Q2/22 PresentationWhile Sea Limited is still able to grow its top line with a solid pace, the increasing costs have a huge negative impact on the operating income (or rather: operating loss) as well as the bottom line. Expenses for sales and marketing were more or less the same (compared to the same quarter last year) but costs of revenue increased with a higher pace than revenue. And especially general & administrative expenses (+96% YoY) as well as research and development expenses (+115% YoY) increased quite a lot.As a result, operating loss increased from a loss of $334 million in the same quarter last year to $837 million this quarter and net losses per share increased from $0.61 in Q2/21 to $1.03 in Q2/22.And finally, Sea Limited also suspended its e-commerce guidance and although there seems to be a logical explanation, I would see this move as a rather bad sign. In its earnings release, the company is stating:In our efforts to adapt to increasing macro uncertainties, we are proactively shifting our strategies to further focus on efficiency and optimization for the long-term strength and profitability of the e-commerce business. Given this strategic shift, we will be suspending e-commerce GAAP revenue guidance for the full year 2022.Light and ShadowWhen looking at the e-commerce segment we see solid growth rates for Sea Limited. Year-over-year the number of gross orders increased 42% to 2.0 billion and gross merchandise volume also increased in the same timeframe, but only 27%.Sea Limited Q2/22 PresentationAside from e-commerce, digital financial services are also growing. Quarterly active users are growing 53% year-over-year to 52.7 million and the total payment volume for mobile wallet was increasing 36% year-over-year to $5.7 billion.Sea Limited Q2/22 PresentationIn both cases we are seeing solid growth rates, but the number of orders and quarterly active users is growing with a higher pace than gross merchandise/payment volume and this could be interpreted as small warning sign. Active customers are obviously spending less money. This could have several different reasons but could be a first hint for the economy slowing down.And when looking at digital entertainment, the picture is becoming murkier. While digital entertainment certainly has a large global user base, we cannot ignore the negative trends over the last few quarters. Not only are quarterly active users declining from 725.2 million one year ago to 619.3 million right now (15% YoY decline), but quarterly paying users declined even 39% YoY from 92.2 million in Q2/21 to 56.1 million in Q2/22.Sea Limited Q2/22 PresentationSea Limited is explaining the decrease in revenue due to the softening of bookings post-COVID. However, the increase of quarterly paying users between Q2/20 and Q2/21 was almost completely erased. Quarterly paying users increased only with a CAGR of 6% in the last two years – from 49.9 million in Q2/20 to 56.1 million in Q2/22. And so far, digital entertainment is the only segment for Sea Limited which is profitable and with sales and operating income declining this is especially problematic as Sea Limited is using the cash to fund its other business segments.Recession as HeadwindThe looming recession was mentioned countless times in the last few months (by many analysts and contributors including myself). We are seeing growth rates slowing down for many businesses – recently I wrote about Meta Platforms (META) which had to report declining revenue for the first time ever – and Sea Limited is no exception (as we already saw above). And if the recession will hit the world, growth rates might slow down even more. Sea Limited is depending on entertainment, games as well as retail/e-commerce. And these are all segments that are usually affected by a recession. People usually purchase less goods in case of a recession as the disposable income will decline. Rising interest rates will also force people to choose more wisely where to spend money. And spendings for games as well as entertainment are probably not considered essential by most people and might be among the first victims when expenses must be cut.Of course, Sea Limited is very active in the Southeast Asia region and while I am pretty sure the United States and many European countries will be in a recession in 2023, I don’t know enough about that region to make reasonable predictions. I am just assuming the next recession being a global and brutal one and therefore affecting most countries and companies around the world.Problems: Lacking Profitability and DilutionOne problem I see with investing in Sea Limited right now is the lacking profitability of the business. I know Sea Limited is still a rather young company (founded 13 years ago) and it is not untypical for young companies to be not profitable yet – especially if management is still focused on growing with a high pace and sacrificing profitability for high revenue growth. And it seems to be working as Sea Limited is still growing with an extremely high pace compared to other competitors. And the balance sheet (we will get to this) is allowing Sea Limited to be not profitable yet and focus on growth while still burning cash for a few more years.SE Average Diluted Shares Outstanding (Quarterly) data by YChartsSea Limited is also increasing the number of outstanding shares constantly – another aspect I don’t like to see as potential investors. I don’t want to see my stake in the company diluted over time. Nevertheless, Sea Limited is increasing the number of outstanding shares with a high pace in the last few quarters, and we must assume the business will continue to do so in the quarters to come.Balance SheetSea Limited is continuing to dilute is shares, which is not a good sign for investors as it is lowering the profit for each investor when the number of outstanding shares is continuously increasing. However, it is good to know that Sea Limited doesn’t have to issue additional shares to raise capital as the balance sheet is solid (when management is continuing to dilute it is happening for different reasons).Sea Limited Q2/22 PresentationIn the last few quarters, cash and cash equivalents as well as short-term investments declined from $11.8 billion in the third quarter of fiscal 2021 to about $7.8 billion in the second quarter of fiscal 2022. Nevertheless, on June 30, 2022, the company still had $6,493 million in cash and cash equivalents and $1,288 million in short-term investments on its balance sheet and no short- or long-term debt. And as Sea Limited will probably not be profitable in the next few quarters (and most likely not generate free cash flow) it is good to know that the business won’t have to rely on additional cash.Intrinsic Value CalculationSea Limited is still not profitable, which is making it rather difficult to look at simple valuation metrics – with free cash flow as well as earnings per share being negative in the last four quarters, we can’t neither calculate a P/FCF ratio nor a P/E ratio. Instead, we can look at the price-sales ratio and since my last article in February 2022, the price-sales ratio continued to decline further. Right now, Sea Limited is trading for 4.4 times sales.SE PS Ratio data by YChartsAnd it might be helpful to offer some perspective to interpret that price-sales ratio. Of the four companies presented above, Sea Limited has the highest price-sales ratio, but aside from Alibaba (BABA), which is trading for only 1.9 times sales, the other three companies have almost similar P/S ratios. Tencent (OTCPK:TCEHY) is trading for 4.3 times sales and Meta Platforms is trading for 4.2 times sales.And these three companies – Alibaba, Tencent and Meta Platforms – are all stocks I consider undervalued right now. The fact, that two of them are trading for a similar P/S ratio as Sea Limited although Sea Limited can grow at a much higher pace might imply that Sea Limited is rather cheap right now.Of course, Sea Limited must become profitable in a similar way as these businesses to make P/S ratios comparable. And so far, Sea Limited is struggling to be profitable, but as we are talking about similar business models, I think Sea Limited can become profitable in a similar way. The company is trying to grow with a high pace and take market shares – like most of these technology companies did in the early days.ConclusionFollowing earnings, Sea Limited seems to be taking a big hit and the stock declined almost 14% on Tuesday as investors are obviously not satisfied with the news. And at $75 the stock might be worth a shot, and I would describe myself as slightly bullish. Ray Dalio and his hedge fund Bridgewater also invested recently in Sea Limited (and sold the stakes in the Chinese companies Alibaba and JD.com (JD)).Although Sea Limited might be undervalued at this point, we should not ignore that a bear market and recession is most likely still upon us. I expect the next few years to be rather challenging for stocks and when the recession will hit the economy earnings per share will decline and many stocks will go much lower. Despite an already 75% decline for Sea Limited, the stock could go lower. When remembering the Dotcom bubble and stocks declining 90% or 95%, we get a feeling how low technology stocks could go.","news_type":1},"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919464244,"gmtCreate":1663847431788,"gmtModify":1676537348783,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Very good day for the next day of summer","listText":"Very good day for the next day of summer","text":"Very good day for the next day of summer","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919464244","repostId":"1179739004","repostType":4,"repost":{"id":"1179739004","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1663837893,"share":"https://ttm.financial/m/news/1179739004?lang=&edition=fundamental","pubTime":"2022-09-22 17:11","market":"us","language":"en","title":"U.S. Stocks To Watch: Accenture, FedEx, Costco and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1179739004","media":"Benzinga","summary":"With US stock futures trading higher this morning on Thursday, some of the stocks that may grab inve","content":"<html><head></head><body><p>With US stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:</p><ul><li>Wall Street expects <a href=\"https://laohu8.com/S/ACN\">Accenture plc</a> to report quarterly earnings at $2.57 per share on revenue of $15.39 billion before the opening bell. Accenture shares fell 1.7% to $260.93 in after-hours trading.</li><li><a href=\"https://laohu8.com/S/KBH\">KB Home</a> reported better-than-expected earnings for its third quarter. The company also said it sees Q4 housing revenue of $1.95 billion to $2.05 billion. KB Home shares fell 0.1% to $28.00 in the pre-market trading session.</li><li>Analysts expect <a href=\"https://laohu8.com/S/FDX\">FedEx Corporation</a> to post quarterly earnings at $3.35 per share on revenue of $24.01 billion after the closing bell. FedEx shares gained 0.4% to $153.89 in pre-market trading.</li></ul><ul><li><a href=\"https://laohu8.com/S/LEN\">Lennar Corporation</a> reported upbeat earnings for its third quarter on Wednesday. Lennar shares gained 1.5% to $77.09 in the pre-market trading session.</li><li>Analysts are expecting <a href=\"https://laohu8.com/S/COST\">Costco Wholesale Corporation</a> to have earned $4.16 per share on revenue of $72.06 billion for the latest quarter. The company will release earnings after the markets close. Costco shares rose 0.2% to $94.25 in pre-market trading.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks To Watch: Accenture, FedEx, Costco and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks To Watch: Accenture, FedEx, Costco and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-09-22 17:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>With US stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:</p><ul><li>Wall Street expects <a href=\"https://laohu8.com/S/ACN\">Accenture plc</a> to report quarterly earnings at $2.57 per share on revenue of $15.39 billion before the opening bell. Accenture shares fell 1.7% to $260.93 in after-hours trading.</li><li><a href=\"https://laohu8.com/S/KBH\">KB Home</a> reported better-than-expected earnings for its third quarter. The company also said it sees Q4 housing revenue of $1.95 billion to $2.05 billion. KB Home shares fell 0.1% to $28.00 in the pre-market trading session.</li><li>Analysts expect <a href=\"https://laohu8.com/S/FDX\">FedEx Corporation</a> to post quarterly earnings at $3.35 per share on revenue of $24.01 billion after the closing bell. FedEx shares gained 0.4% to $153.89 in pre-market trading.</li></ul><ul><li><a href=\"https://laohu8.com/S/LEN\">Lennar Corporation</a> reported upbeat earnings for its third quarter on Wednesday. Lennar shares gained 1.5% to $77.09 in the pre-market trading session.</li><li>Analysts are expecting <a href=\"https://laohu8.com/S/COST\">Costco Wholesale Corporation</a> to have earned $4.16 per share on revenue of $72.06 billion for the latest quarter. The company will release earnings after the markets close. Costco shares rose 0.2% to $94.25 in pre-market trading.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACN":"埃森哲","KBH":"KB Home","LEN":"莱纳建筑公司","FDX":"联邦快递","COST":"好市多"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179739004","content_text":"With US stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Accenture plc to report quarterly earnings at $2.57 per share on revenue of $15.39 billion before the opening bell. Accenture shares fell 1.7% to $260.93 in after-hours trading.KB Home reported better-than-expected earnings for its third quarter. The company also said it sees Q4 housing revenue of $1.95 billion to $2.05 billion. KB Home shares fell 0.1% to $28.00 in the pre-market trading session.Analysts expect FedEx Corporation to post quarterly earnings at $3.35 per share on revenue of $24.01 billion after the closing bell. FedEx shares gained 0.4% to $153.89 in pre-market trading.Lennar Corporation reported upbeat earnings for its third quarter on Wednesday. Lennar shares gained 1.5% to $77.09 in the pre-market trading session.Analysts are expecting Costco Wholesale Corporation to have earned $4.16 per share on revenue of $72.06 billion for the latest quarter. The company will release earnings after the markets close. Costco shares rose 0.2% to $94.25 in pre-market trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919469155,"gmtCreate":1663846226077,"gmtModify":1676537348520,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Getting ready","listText":"Getting ready","text":"Getting ready","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919469155","repostId":"1168375426","repostType":4,"repost":{"id":"1168375426","pubTimestamp":1663860442,"share":"https://ttm.financial/m/news/1168375426?lang=&edition=fundamental","pubTime":"2022-09-22 23:27","market":"us","language":"en","title":"3 Beaten-Down Stocks That Could Soar 51% to 70% From Their 52-Week Lows, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1168375426","media":"Motley Fool","summary":"Its valuation is no doubt high on the list. Meta's shares currently trade at only 12.2 times expected earnings. The company's social media platforms also still draw 2.88 billion active users on a daily basis and 3.65 billion on a monthly basis. Those numbers represent an audience that's still very attractive to advertisers.A rebound in digital-advertising growth would help Meta meet analysts' expectations. Over the longer term, the stock could be a monster winner if CEO Mark Zuckerberg's vision ","content":"<html><head></head><body><p><b>KEY POINTS</b></p><ul><li>Nvidia plans to launch several new chips that could improve its fortunes.</li><li>Meta Platforms trades at a bargain price with a still-huge global user base for its social media platforms.</li><li>Moderna hopes to market its COVID-19 vaccines in China and achieve success with its omicron boosters.</li></ul><p>Analysts remain very bullish about these former big winners.</p><p>Down but not out. That old adage applies to many one-time high-flying growth stocks.</p><p>Some stocks have taken it on the chin more than others. But some also could rebound more strongly, too. Here are three beaten-down stocks that could soar from 58% to 88%, according to Wall Street.</p><p>1. Nvidia: New chips on the way</p><p><b>Nvidia</b> is a former rising star that&#39;s crashing and burning this year. Shares of the graphics chipmaker have plunged close to 55% so far in 2022. Macroeconomic issues and a cryptocurrency crash combined to pull the stock down.</p><p>Analysts don&#39;t appear to be overly worried about any of these challenges, though. The average price target for the stock is nearly 51% higher than Nvidia&#39;s current share price.</p><p>Nvidia CFO Colette Kress noted in the Q2 conference call that the company has several launches of next-generation superchip platforms on the way soon. Nvidia also recently launched an update to its NeMo Megatron artificial-intelligence framework that can increase the speed of training large language models by as much as 30%.</p><p>Wall Street likely expects positive results from these launches. Analysts also recognize that Nvidia operates in a cyclical market. The current downturn won&#39;t last forever.</p><p>2. Meta Platforms: A big-tech bargain</p><p>Facebook-parent <b>Meta Platforms</b> hasn&#39;t received many &#34;likes&#34; from investors in 2022. The stock has fallen more than 50% year to date. Shareholders are worried about a slowing digital ad market, combined with Meta&#39;s massive and risky investment in the metaverse.</p><p>However, Wall Street remains highly optimistic about Meta&#39;s prospects. The consensus 12-month price target for the stock reflects an upside potential of 53%.</p><p>What do analysts like about Meta Platforms? Its valuation is no doubt high on the list. Meta&#39;s shares currently trade at only 12.2 times expected earnings. The company&#39;s social media platforms also still draw 2.88 billion active users on a daily basis and 3.65 billion on a monthly basis. Those numbers represent an audience that&#39;s still very attractive to advertisers.</p><p>A rebound in digital-advertising growth would help Meta meet analysts&#39; expectations. Over the longer term, the stock could be a monster winner if CEO Mark Zuckerberg&#39;s vision of the metaverse is fulfilled.</p><p>3. Moderna: A potential bull in the China shop</p><p><b>Moderna</b> is yet another company that&#39;s seen its high-flying ways of the past disappear. The vaccine stock has plummeted close to 50% year to date. It&#39;s now down more than 70% from the peak set in the summer of 2021.</p><p>The biggest problem for Moderna is that COVID-19 cases are falling while the demand for vaccines seems to have plateaued. But analysts still think the best is yet to come for the messenger RNA (mRNA) pioneer. The average 12-month price target for Moderna is a whopping 70% higher than the current share price.</p><p>Wall Street seems to believe that Moderna could have a big opportunity for its COVID-19 vaccines in China. The company is in discussions with the Chinese government about potentially marketing its vaccines in the country.</p><p>Moderna could also regain momentum in North America and Europe with its boosters targeting the coronavirus omicron variant. It has recently won several authorizations for the new omicron booster.</p><p>Over the longer term, Moderna hopes to expand beyond COVID-19. The company&#39;s pipeline includes three non-COVID candidates in late-stage testing -- experimental mRNA vaccines targeting flu, cytomegalovirus, and respiratory syncytial virus.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Beaten-Down Stocks That Could Soar 51% to 70% From Their 52-Week Lows, According to Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Beaten-Down Stocks That Could Soar 51% to 70% From Their 52-Week Lows, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-22 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/21/3-beaten-down-stocks-that-could-soar-51-to-70-from/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSNvidia plans to launch several new chips that could improve its fortunes.Meta Platforms trades at a bargain price with a still-huge global user base for its social media platforms.Moderna ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/21/3-beaten-down-stocks-that-could-soar-51-to-70-from/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","META":"Meta Platforms, Inc.","MRNA":"Moderna, Inc."},"source_url":"https://www.fool.com/investing/2022/09/21/3-beaten-down-stocks-that-could-soar-51-to-70-from/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168375426","content_text":"KEY POINTSNvidia plans to launch several new chips that could improve its fortunes.Meta Platforms trades at a bargain price with a still-huge global user base for its social media platforms.Moderna hopes to market its COVID-19 vaccines in China and achieve success with its omicron boosters.Analysts remain very bullish about these former big winners.Down but not out. That old adage applies to many one-time high-flying growth stocks.Some stocks have taken it on the chin more than others. But some also could rebound more strongly, too. Here are three beaten-down stocks that could soar from 58% to 88%, according to Wall Street.1. Nvidia: New chips on the wayNvidia is a former rising star that's crashing and burning this year. Shares of the graphics chipmaker have plunged close to 55% so far in 2022. Macroeconomic issues and a cryptocurrency crash combined to pull the stock down.Analysts don't appear to be overly worried about any of these challenges, though. The average price target for the stock is nearly 51% higher than Nvidia's current share price.Nvidia CFO Colette Kress noted in the Q2 conference call that the company has several launches of next-generation superchip platforms on the way soon. Nvidia also recently launched an update to its NeMo Megatron artificial-intelligence framework that can increase the speed of training large language models by as much as 30%.Wall Street likely expects positive results from these launches. Analysts also recognize that Nvidia operates in a cyclical market. The current downturn won't last forever.2. Meta Platforms: A big-tech bargainFacebook-parent Meta Platforms hasn't received many \"likes\" from investors in 2022. The stock has fallen more than 50% year to date. Shareholders are worried about a slowing digital ad market, combined with Meta's massive and risky investment in the metaverse.However, Wall Street remains highly optimistic about Meta's prospects. The consensus 12-month price target for the stock reflects an upside potential of 53%.What do analysts like about Meta Platforms? Its valuation is no doubt high on the list. Meta's shares currently trade at only 12.2 times expected earnings. The company's social media platforms also still draw 2.88 billion active users on a daily basis and 3.65 billion on a monthly basis. Those numbers represent an audience that's still very attractive to advertisers.A rebound in digital-advertising growth would help Meta meet analysts' expectations. Over the longer term, the stock could be a monster winner if CEO Mark Zuckerberg's vision of the metaverse is fulfilled.3. Moderna: A potential bull in the China shopModerna is yet another company that's seen its high-flying ways of the past disappear. The vaccine stock has plummeted close to 50% year to date. It's now down more than 70% from the peak set in the summer of 2021.The biggest problem for Moderna is that COVID-19 cases are falling while the demand for vaccines seems to have plateaued. But analysts still think the best is yet to come for the messenger RNA (mRNA) pioneer. The average 12-month price target for Moderna is a whopping 70% higher than the current share price.Wall Street seems to believe that Moderna could have a big opportunity for its COVID-19 vaccines in China. The company is in discussions with the Chinese government about potentially marketing its vaccines in the country.Moderna could also regain momentum in North America and Europe with its boosters targeting the coronavirus omicron variant. It has recently won several authorizations for the new omicron booster.Over the longer term, Moderna hopes to expand beyond COVID-19. The company's pipeline includes three non-COVID candidates in late-stage testing -- experimental mRNA vaccines targeting flu, cytomegalovirus, and respiratory syncytial virus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994285630,"gmtCreate":1661648981722,"gmtModify":1676536553743,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Nice 👍👏","listText":"Nice 👍👏","text":"Nice 👍👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994285630","repostId":"2262908721","repostType":4,"repost":{"id":"2262908721","pubTimestamp":1661646786,"share":"https://ttm.financial/m/news/2262908721?lang=&edition=fundamental","pubTime":"2022-08-28 08:33","market":"us","language":"en","title":"2 Top Stocks to Buy in September to Fight Inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2262908721","media":"Zacks","summary":"With surging prices still a major issue and the Fed determined to keep up its fight, investors might","content":"<html><head></head><body><p>With surging prices still a major issue and the Fed determined to keep up its fight, investors might want to buy stocks poised to outpace inflation heading into September and beyond.</p><p>Stocks tumbled through early afternoon trading Friday after Powell gave his highly anticipated speech from Jackson Hole. The Fed Chair’s comments shouldn’t have come as too much of a surprise to the market, since Powell and many of his peers had remained steadfast in their commitment to raising rates to combat soaring prices.</p><p>Yet, the market appeared to be hoping for something far more dovish. Much of the stock market’s run off its mid-June lows came on the back of growing sentiment that inflation had finally peaked and the Fed could take a step back.  </p><p>Unfortunately, bets on peak inflation always seemed a bit premature and far too optimistic since inflation remained at 40-year highs in July, and gas prices, although down from their peaks, were still up 40% YoY. Plus, unemployment hit 50-year lows and a tight labor market pushed up wages.</p><p>Powell acknowledged once again Friday that the Fed understands it might have to cause some harm on the jobs and growth fronts if it hopes to tame inflation. “Those are the unfortunate costs of reducing inflation,” Powell said during his Jackson Hole remarks. “But a failure to restore price stability would mean far greater pain.”</p><p>Growth stocks that rallied off their mid-June lows could come under pressure. And changing consumer habits are quickly making their way through the economy. </p><p>Thankfully, there are still stocks poised to outperform the market during the ongoing bout of inflation.</p><p>The first stock that we dive into today is <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil Corporation</a>. Exxon is coming off another blockbuster quarter where it generated roughly $17 billion in free cash flow. The U.S. oil titan’s earnings estimates continue to soar, driven by strong oil prices, streamlined business operations, and beyond. Plus, XOM’s valuation and dividend payout help make Exxon worth considering at the moment.</p><p>The next stock up is big box retail titan <a href=\"https://laohu8.com/S/COST\">Costco Wholesale</a>. Costco is a one-stop shop and it’s able to keep its prices low because of its membership fees. Costco’s memberships also help foster very loyal customers. COST is set to post another year of double-digit earnings and revenue growth. Plus, Costco shares have held up well in 2022 and have crushed Target, its industry, and the market over the past decade. </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>2 Top Stocks to Buy in September to Fight Inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Top Stocks to Buy in September to Fight Inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-28 08:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1973072/2-top-stocks-to-buy-in-september-to-fight-inflation?art_rec=home-home-investment_ideas_stocks-ID01-txt-1973072><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With surging prices still a major issue and the Fed determined to keep up its fight, investors might want to buy stocks poised to outpace inflation heading into September and beyond.Stocks tumbled ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1973072/2-top-stocks-to-buy-in-september-to-fight-inflation?art_rec=home-home-investment_ideas_stocks-ID01-txt-1973072\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4155":"大卖场与超市","BK4550":"红杉资本持仓","BK4581":"高盛持仓","BK4201":"综合性石油与天然气企业","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4516":"特朗普概念","BK4504":"桥水持仓","XOM":"埃克森美孚","BK4570":"地缘局势概念股","COST":"好市多","BK4534":"瑞士信贷持仓"},"source_url":"https://www.zacks.com/stock/news/1973072/2-top-stocks-to-buy-in-september-to-fight-inflation?art_rec=home-home-investment_ideas_stocks-ID01-txt-1973072","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262908721","content_text":"With surging prices still a major issue and the Fed determined to keep up its fight, investors might want to buy stocks poised to outpace inflation heading into September and beyond.Stocks tumbled through early afternoon trading Friday after Powell gave his highly anticipated speech from Jackson Hole. The Fed Chair’s comments shouldn’t have come as too much of a surprise to the market, since Powell and many of his peers had remained steadfast in their commitment to raising rates to combat soaring prices.Yet, the market appeared to be hoping for something far more dovish. Much of the stock market’s run off its mid-June lows came on the back of growing sentiment that inflation had finally peaked and the Fed could take a step back.  Unfortunately, bets on peak inflation always seemed a bit premature and far too optimistic since inflation remained at 40-year highs in July, and gas prices, although down from their peaks, were still up 40% YoY. Plus, unemployment hit 50-year lows and a tight labor market pushed up wages.Powell acknowledged once again Friday that the Fed understands it might have to cause some harm on the jobs and growth fronts if it hopes to tame inflation. “Those are the unfortunate costs of reducing inflation,” Powell said during his Jackson Hole remarks. “But a failure to restore price stability would mean far greater pain.”Growth stocks that rallied off their mid-June lows could come under pressure. And changing consumer habits are quickly making their way through the economy. Thankfully, there are still stocks poised to outperform the market during the ongoing bout of inflation.The first stock that we dive into today is Exxon Mobil Corporation. Exxon is coming off another blockbuster quarter where it generated roughly $17 billion in free cash flow. The U.S. oil titan’s earnings estimates continue to soar, driven by strong oil prices, streamlined business operations, and beyond. Plus, XOM’s valuation and dividend payout help make Exxon worth considering at the moment.The next stock up is big box retail titan Costco Wholesale. Costco is a one-stop shop and it’s able to keep its prices low because of its membership fees. Costco’s memberships also help foster very loyal customers. COST is set to post another year of double-digit earnings and revenue growth. Plus, Costco shares have held up well in 2022 and have crushed Target, its industry, and the market over the past decade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958150361,"gmtCreate":1673663721554,"gmtModify":1676538872517,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"왜 그래?","listText":"왜 그래?","text":"왜 그래?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958150361","repostId":"2303385383","repostType":4,"repost":{"id":"2303385383","pubTimestamp":1673662824,"share":"https://ttm.financial/m/news/2303385383?lang=&edition=fundamental","pubTime":"2023-01-14 10:20","market":"us","language":"en","title":"What to Know as Nancy Pelosi Sells These 5 Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2303385383","media":"InvestorPlace","summary":"Former House Speaker Nancy Pelosi made headlines as she cleaned out her equities portfolio.The power","content":"<html><head></head><body><ul><li>Former House Speaker Nancy Pelosi made headlines as she cleaned out her equities portfolio.</li><li>The powerhouse politician sold some of her high-profile tickers at a loss.</li><li>Queries about Nancy Pelosi stocks remain a hot but debated topic.</li></ul><p>Though the Democrats lost control of the lower chamber of Congress, demand for information regarding Nancy Pelosi stocks remains hot. Not surprisingly, then, when news broke that the former House Speaker exited many positions – some of them at a loss – the move generated headlines. Though the viability of following “Congressional trades” incurs much debate, many retail investors believe they provide important trajectory-related clues.</p><p>According to the Financial Disclosure Reports database by the U.S. House of Representatives, Pelosi reported selling a total of 30,000 shares of <b>Alphabet</b> (NASDAQ:<b><u>GOOG</u></b>, NASDAQ:<b><u>GOOGL</u></b>) evenly across three transaction dates last year: Dec. 20, Dec. 21 and Dec. 28. Each transaction featured a value of between $500,001 and $1 million.</p><p>As well, the former Speaker sold a total of 2,000 shares of <b>Netflix</b> (NASDAQ:<b>NFLX</b>) from two separate transactions, one dated Dec. 29 and the other Dec. 30. In the first transaction, Pelosi sold at a loss of $66,385 while losing $63,535 in the second. Each transaction featured a value of between $250,001 and $500,000.</p><p>Moreover, Pelosi dumped 5,000 shares of <b>Tesla</b> (NASDAQ:<b>TSLA</b>) at an average share price of $140.38. The total loss came out to $511,197. As well, she targeted fellow blue-chip giant <b>Disney</b> (NYSE:<b>DIS</b>), exiting 10,000 shares at an average price of $87.58. This transaction resulted in a loss of $114,138.</p><p>Finally, regarding arguably the most notable of Nancy Pelosi stocks recently sold, the former Speaker sold a total of 10,000 shares of <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b> (NASDAQ:<b>PYPL</b>) on two transactions: one dated Dec. 21 and the other dated Dec. 28. In total, the transactions featured a value range between $500,002 and $1 million. Pelosi lost $424,313 in the first transaction and $429,938 in the second.</p><h2>Nancy Pelosi Stocks Remain a Popular Trend</h2><p>In many ways, the concept of following Nancy Pelosi stocks appears counterintuitive. Not always enjoying robust support from her own party, a survey in December 2022 revealed nearly half of Americans have an unfavorable view of the former House Speaker from California. Still, as a celebrated stock picker, she generates intense interest among retail investors.</p><p>As <i>NPR</i> reported in September 2021, “Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips.” Further, the news agency stated the following about the demand for so-called Nancy Pelosi stocks:</p><blockquote>“Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi’s stock trading disclosures are a treasure trove. ‘Shouts out to Nancy Pelosi, the stock market’s biggest whale,’ said user “ceowatchlist.” Another said, ‘I’ve come to the conclusion that Nancy Pelosi is a psychic,’ while adding that she is the ‘queen of investing.’</blockquote><blockquote>‘She knew,’ declared Chris Josephs, analyzing a particular trade in Pelosi’s financial disclosures. ‘And you would have known if you had followed her portfolio.&#39;”</blockquote><p>In 2012, former President Barack Obama “…signed into law the STOCK Act, a bipartisan bill that prevents Members of Congress from trading stocks based on nonpublic information they gleaned on Capitol Hill,” according to the official White House statement.</p><p>Nevertheless, many retail investors continued to follow Nancy Pelosi stocks under the notion of following the smart money.</p><h2>Congressional ‘Guidance’ of Debatable Merit</h2><p>Inherently, value exists in gleaning information from the most powerful lawmakers in the U.S. government. Nevertheless, the merit of following implied guidance from members of Congress is a debated topic.</p><p>According to research published by the Journal of Public Economics, the authors of the study found “no evidence of superior investment performance whether [looking] in aggregate or at Senators specifically accused of informed trading.” The research covered the period between January 2012 and December 2020.</p><p>Still, that might not be the end for retail investors interested in Nancy Pelosi stocks. As <i>Reuters</i> reported in March 2020, public outcry rang out against U.S. senators who sold equity shares right before the coronavirus pandemic uprooted American society.</p><p>Therefore, this latest batch of data – this time for Nancy Pelosi stocks to <i>sell</i> – might rile market participants once again.</p><p><i>On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</i></p><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.</p><p><img src=\"https://static.tigerbbs.com/d89746888da2d9510b64a9f031eaecd5\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><h3></h3><p>Submit</p><hr/><p>Article printed from InvestorPlace Media, https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/.</p><p>©2023 InvestorPlace Media, LLC</p><h2>Sponsored Headlines</h2></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Know as Nancy Pelosi Sells These 5 Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Know as Nancy Pelosi Sells These 5 Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-14 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Former House Speaker Nancy Pelosi made headlines as she cleaned out her equities portfolio.The powerhouse politician sold some of her high-profile tickers at a loss.Queries about Nancy Pelosi stocks ...</p>\n\n<a href=\"https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","GOOGL":"谷歌A","NFLX":"奈飞","PYPL":"PayPal","GOOG":"谷歌","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2303385383","content_text":"Former House Speaker Nancy Pelosi made headlines as she cleaned out her equities portfolio.The powerhouse politician sold some of her high-profile tickers at a loss.Queries about Nancy Pelosi stocks remain a hot but debated topic.Though the Democrats lost control of the lower chamber of Congress, demand for information regarding Nancy Pelosi stocks remains hot. Not surprisingly, then, when news broke that the former House Speaker exited many positions – some of them at a loss – the move generated headlines. Though the viability of following “Congressional trades” incurs much debate, many retail investors believe they provide important trajectory-related clues.According to the Financial Disclosure Reports database by the U.S. House of Representatives, Pelosi reported selling a total of 30,000 shares of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) evenly across three transaction dates last year: Dec. 20, Dec. 21 and Dec. 28. Each transaction featured a value of between $500,001 and $1 million.As well, the former Speaker sold a total of 2,000 shares of Netflix (NASDAQ:NFLX) from two separate transactions, one dated Dec. 29 and the other Dec. 30. In the first transaction, Pelosi sold at a loss of $66,385 while losing $63,535 in the second. Each transaction featured a value of between $250,001 and $500,000.Moreover, Pelosi dumped 5,000 shares of Tesla (NASDAQ:TSLA) at an average share price of $140.38. The total loss came out to $511,197. As well, she targeted fellow blue-chip giant Disney (NYSE:DIS), exiting 10,000 shares at an average price of $87.58. This transaction resulted in a loss of $114,138.Finally, regarding arguably the most notable of Nancy Pelosi stocks recently sold, the former Speaker sold a total of 10,000 shares of PayPal (NASDAQ:PYPL) on two transactions: one dated Dec. 21 and the other dated Dec. 28. In total, the transactions featured a value range between $500,002 and $1 million. Pelosi lost $424,313 in the first transaction and $429,938 in the second.Nancy Pelosi Stocks Remain a Popular TrendIn many ways, the concept of following Nancy Pelosi stocks appears counterintuitive. Not always enjoying robust support from her own party, a survey in December 2022 revealed nearly half of Americans have an unfavorable view of the former House Speaker from California. Still, as a celebrated stock picker, she generates intense interest among retail investors.As NPR reported in September 2021, “Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips.” Further, the news agency stated the following about the demand for so-called Nancy Pelosi stocks:“Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi’s stock trading disclosures are a treasure trove. ‘Shouts out to Nancy Pelosi, the stock market’s biggest whale,’ said user “ceowatchlist.” Another said, ‘I’ve come to the conclusion that Nancy Pelosi is a psychic,’ while adding that she is the ‘queen of investing.’‘She knew,’ declared Chris Josephs, analyzing a particular trade in Pelosi’s financial disclosures. ‘And you would have known if you had followed her portfolio.'”In 2012, former President Barack Obama “…signed into law the STOCK Act, a bipartisan bill that prevents Members of Congress from trading stocks based on nonpublic information they gleaned on Capitol Hill,” according to the official White House statement.Nevertheless, many retail investors continued to follow Nancy Pelosi stocks under the notion of following the smart money.Congressional ‘Guidance’ of Debatable MeritInherently, value exists in gleaning information from the most powerful lawmakers in the U.S. government. Nevertheless, the merit of following implied guidance from members of Congress is a debated topic.According to research published by the Journal of Public Economics, the authors of the study found “no evidence of superior investment performance whether [looking] in aggregate or at Senators specifically accused of informed trading.” The research covered the period between January 2012 and December 2020.Still, that might not be the end for retail investors interested in Nancy Pelosi stocks. As Reuters reported in March 2020, public outcry rang out against U.S. senators who sold equity shares right before the coronavirus pandemic uprooted American society.Therefore, this latest batch of data – this time for Nancy Pelosi stocks to sell – might rile market participants once again.On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.SubmitArticle printed from InvestorPlace Media, https://investorplace.com/2023/01/what-to-know-as-nancy-pelosi-sells-these-5-stocks/.©2023 InvestorPlace Media, LLCSponsored Headlines","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951178708,"gmtCreate":1673438227905,"gmtModify":1676538836548,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"Just an incident","listText":"Just an incident","text":"Just an incident","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951178708","repostId":"2302071224","repostType":2,"repost":{"id":"2302071224","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":1673437980,"share":"https://ttm.financial/m/news/2302071224?lang=&edition=fundamental","pubTime":"2023-01-11 19:53","market":"us","language":"en","title":"Airline Stocks Fell Premarket After FAA Says All U.S. Flights Grounded Over Computer Outage","url":"https://stock-news.laohu8.com/highlight/detail?id=2302071224","media":"Dow Jones","summary":"Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Admin","content":"<html><head></head><body><p>Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Administration said  a computer outage had led to all U.S. fights being grounded. </p><p>The agency said on its website that its &#34;Notice to Air Missions&#34; system has been activated &#34;to address the equipment outage issues for the U.S. NOTAM system.&#34; A NOTAM is a notice for workers engaged in flight operations. </p><p>There was no indication of when service might be restored. </p><p>Southwest Airlines JCo. <a href=\"https://laohu8.com/S/LUV\">$(LUV)$</a> led the decliners, falling 2.79%. American Airlines Group Inc. <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a> was down 1.32%, United Airlines Holdings Inc. <a href=\"https://laohu8.com/S/UAL\">$(UAL)$</a> was down 1.09% and Delta Air Lines Inc.  <a href=\"https://laohu8.com/S/DAL\">$(DAL)$</a> was down 0.87%. The <a href=\"https://laohu8.com/S/JETS\">U.S. Global Jets ETF</a> was down 0.94% and has fallen 14% in the last 12 months, while the S&amp;P 500  has fallen 17%.</p><p><img src=\"https://static.tigerbbs.com/2d05a1af7ccad825059af66ab38febe2\" tg-width=\"261\" tg-height=\"224\" 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>Airline Stocks Fell Premarket After FAA Says All U.S. Flights Grounded Over Computer Outage</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\">\nAirline Stocks Fell Premarket After FAA Says All U.S. Flights Grounded Over Computer Outage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 19:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Administration said  a computer outage had led to all U.S. fights being grounded. </p><p>The agency said on its website that its &#34;Notice to Air Missions&#34; system has been activated &#34;to address the equipment outage issues for the U.S. NOTAM system.&#34; A NOTAM is a notice for workers engaged in flight operations. </p><p>There was no indication of when service might be restored. </p><p>Southwest Airlines JCo. <a href=\"https://laohu8.com/S/LUV\">$(LUV)$</a> led the decliners, falling 2.79%. American Airlines Group Inc. <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a> was down 1.32%, United Airlines Holdings Inc. <a href=\"https://laohu8.com/S/UAL\">$(UAL)$</a> was down 1.09% and Delta Air Lines Inc.  <a href=\"https://laohu8.com/S/DAL\">$(DAL)$</a> was down 0.87%. The <a href=\"https://laohu8.com/S/JETS\">U.S. Global Jets ETF</a> was down 0.94% and has fallen 14% in the last 12 months, while the S&amp;P 500  has fallen 17%.</p><p><img src=\"https://static.tigerbbs.com/2d05a1af7ccad825059af66ab38febe2\" tg-width=\"261\" tg-height=\"224\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4139":"生物科技","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4191":"家用电器","BK4007":"制药","JETS":"U.S. Global Jets ETF","LUV":"西南航空","UAL":"联合大陆航空","JBLU":"捷蓝航空","AAL":"美国航空","BOLT":"Bolt Biotherapeutics, Inc.","BK4008":"航空公司","TERN":"Terns Pharmaceuticals, Inc.","DAL":"达美航空","CRCT":"Cricut, Inc.","BK4539":"次新股","BK4500":"航空公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302071224","content_text":"Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Administration said  a computer outage had led to all U.S. fights being grounded. The agency said on its website that its \"Notice to Air Missions\" system has been activated \"to address the equipment outage issues for the U.S. NOTAM system.\" A NOTAM is a notice for workers engaged in flight operations. There was no indication of when service might be restored. Southwest Airlines JCo. $(LUV)$ led the decliners, falling 2.79%. American Airlines Group Inc. $(AAL)$ was down 1.32%, United Airlines Holdings Inc. $(UAL)$ was down 1.09% and Delta Air Lines Inc.  $(DAL)$ was down 0.87%. The U.S. Global Jets ETF was down 0.94% and has fallen 14% in the last 12 months, while the S&P 500  has fallen 17%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925135977,"gmtCreate":1671949063000,"gmtModify":1676538614616,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"being driven by a collection of individuals who have pushed them to that \"next\" level. - indeed","listText":"being driven by a collection of individuals who have pushed them to that \"next\" level. - indeed","text":"being driven by a collection of individuals who have pushed them to that \"next\" level. - indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925135977","repostId":"1102593770","repostType":2,"repost":{"id":"1102593770","pubTimestamp":1671940563,"share":"https://ttm.financial/m/news/1102593770?lang=&edition=fundamental","pubTime":"2022-12-25 11:56","market":"us","language":"en","title":"Apple, Google And Amazon: How Big Tech's Sports Splurge Is More Like A Game Of Inches","url":"https://stock-news.laohu8.com/highlight/detail?id=1102593770","media":"Seeking Alpha","summary":"SummaryGoogle, Amazon and Apple have become the companies they are today because they were being dri","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Google, Amazon and Apple have become the companies they are today because they were being driven by a collection of individuals who have pushed them to that &#34;next&#34; level.</li><li>While none of them started as entertainment providers, they’ve all morphed into that space, with sports now playing a more prominent role in their growth - specifically regarding streaming.</li><li>The NFL in particular brings a massive audience to the table, which comes at a massive price and one each is prepared to pay if they see enough value.</li><li>This week Google snared the rights to the “NFL Sunday Ticket” package, following the lead of Apple and Amazon which also have made prior deals for a piece of the football pie.</li><li>This is a long-term play for all three companies as while the linear/broadcast model has taken a hit, it still has strong influence over sports - complicating the encroachment of streamers.</li></ul><p>It has been said “football is a game of inches.”</p><p>The reason is because it&#39;s a game often decided by the narrowest of margins. If you need proof of that go back and watch the end of Super Bowl XXXIV (34).</p><p>Although that expression also has parallels to real life as well because the people who fight for those extra yards tend to be the ones to come out on top. It’s part of the reason we’ve seen Google (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon (AMZN) and Apple (NASDAQ:AAPL) become the companies they are today. Each has been driven by a collection of individuals who have pushed them to the next level.</p><p>While none of them started as entertainment providers they’ve all morphed into that space in the past decade or two. Google with YouTube, Amazon with Prime Video and Apple with…well a lot of things.</p><p>Most of that has stemmed from the evolution of streaming and lately the evolution has come to include sports. From the unpredictability that comes with live games to the fact they occur daily like clockwork, sports give platforms the ability to snare a captive audience for hours at a time.</p><p>And given we spend hours at a time on our phones and computers it’s a natural fit.</p><p>So, it came as no surprise that when the NFL was looking for a new partner for its <i>NFL Sunday Ticket</i>, Google, Amazon and Apple were right at the top of the list of potential teammates (along with places like Disney (NYSE:DIS).</p><p>The NFL brings a massive audience and that commands a massive price tag for the rights to air the games. They have in many ways set the tone for putting a value on sports rights in general.</p><p>For big tech, streaming is a valuable area for their growth as it&#39;s not only a subscription driver at times it also helps with other areas of its business. With <i>Sunday Ticket</i>, ultimately it was Google that came out with the deal, but it wasn’t a forgone conclusion and for investors it&#39;s not something that may have an immediate impact.</p><p>Google, like Amazon and Apple, are playing the long game and going inch by inch as this new landscape continues to unfold for them.</p><p>So, while the ink on the contract is still fresh and shareholders across those various companies are wondering how we got here and what’s next, it seems liked a good time to go behind the numbers a bit.</p><p>This push by the tech world to enter sports is far more detailed than one may imagine. While each of those big three now control a piece of the NFL pie, there&#39;s a reason why each has carved out what it has and for investors to fully weigh their options they need to fully understand the thinking.</p><p>First as always, some background.</p><p>Amazon made history the other year when it acquired the rights to <i>Thursday Night Football</i>. To say the package has made the rounds over the years is an understatement. Originating at CBS and then moving to Fox it now calls Prime Video home (and will for the next decade).</p><p>The shift to streaming was a massive one and raised the questions about whether audiences would follow, truthfully for real fans, it’s not like there was really a choice. They are going to find their team and they have no qualms about paying a premium to do it.</p><p>On top of that, an Amazon subscription also is very common place these days given how valuable that free two-day (or less) shipping is to consumers… the trick is more getting people used to taking the extra step to log in vs. just changing the channel.</p><p>It&#39;s an adjustment – especially to a certain generation.</p><p>Although for Prime Video, the <i>TNF</i> brand is really just another value-addition proposition. For them, that subscription is the main goal, just as with Apple the end goal is to sell hardware – content is more a means to an end.</p><p>It was a similar situation for DirecTV which has been the home to <i>NFL Sunday Ticket</i> since it launched in the 90s. You needed DirecTV to buy the package and despite its high price tag, people gladly shelled out the money.</p><p>Times have changed and that demand has waned.</p><p>For one, NFL Red Zone – a specialized channel that offers whip-around coverage from each game based on what’s happening – has negated some of the need for a full roster (it’s also a fraction of the price and in some cases included in your TV package).</p><p>That, along with the debut of <i>TNF,</i> and a variety of economic factors has made DirecTV re-think the value of its deal. Less people were now paying for it and that was making it harder to justify the cost to continue the partnership.</p><p>It became less of a “if” they’ll keep it and more of a “where” it will go next?</p><p>For a while it looked Apple was in pole position.</p><p>There were even rumors a deal was done and the pair were just waiting for the right moment to announce.</p><p>Although last week in a shock move, it wasreportedApple had bowed out. It was suggested while Apple could (obviously) afford the presumed $2.5 billion price tag, the company also was questioning the value of it all.</p><p>While a number of analysts were firmly on board the Apple track (myself included) and were surprised by the news, given Apple’s propensity for watching its spending and desire to innovate, it really shouldn’t have been a shock in retrospect.</p><p>Apple has always been very careful about what it acquires. It&#39;s part of the reason why Apple never invested in a massive back-catalog to support its Apple TV + streaming service. To them, there was no need to spend on a library, as they were still the cheapest streaming option and they were valuing quality over quantity.</p><p>It also has been reported that Apple’s interest wasn’t in being a “conduit” for the NFL programming, but to be a partner with the league. In other words, they wanted to do something on the same scale as to what they are doing with Major League Soccer.</p><p>Apple is building a new service from the ground up with the league. It will for the first time unite all the games, so regardless of where you live you will have access to any team’s matchup for the full season.</p><p>It also was believed they wanted to make the <i>Sunday Ticket</i> package more affordable for fans, but what they soon learned is that both options were something that is simply not possible with the NFL’s other broadcast deals.</p><p>Its agreements with CBS and FOX actually prevent any major changes to the package including the price. In other words, the networks were worried that if <i>Sunday Ticket</i> was cheaper <i>or</i> promoted as an add-on that was free with subscription, CBS and FOX would take a hit in viewership in the various local markets the games air.</p><p>In either case, Apple wanted to help innovate the way the NFL broadcasts its game, which was going to be harder than it thought.</p><p>On top of that, Apple had already secured the rights to produce the Super Bowl halftime show production, which long-time sponsor Pepsi was walking away from after a decade long run. So in effect, Apple had its foothold into the NFL machine and as part of an area that gets almost as much coverage as the game itself.</p><p>That, paired with its <i>Friday Night Baseball</i> deal with MLB (and the upcoming MLS package), gives them a solid sports portfolio that allows them to walk away should they see fit.</p><p>So with Apple out, the assumption became either Amazon or Google would swoop in for the rights. Of the two, Google was more likely because Amazon already has the Thursday package (which is doing well) and the NFL has a history of trying to bring in new partners whenever it can.</p><p>What makes Google different is that your subscription means more to their business model. They aren’t doing this to sell more devices or to get you buy from their e-commerce store – they want you to use them to watch TV.</p><p>While Google’s YouTube TV has seen a strong boost in recognition over the last year, it&#39;s still not as well known as a traditional streamer, so having the NFL package would get them a sizable amount of extra attention. It also would be a closer by example comparison to the current DirecTV package where <i>Sunday Ticket</i> is an add-on to a traditional TV package – just in this case you are trading satellite for streaming.</p><p>That said, keep in mind <i>Sunday Ticket</i> was always going to be going to a streamer. It&#39;s not just a “sign of the times.” DirecTV was one of only a handful of places that had both the reach and infrastructure in place to house something of that level on a linear scale. It couldn’t go to an Optimum or a Comcast because then you cut off a large part of the population – so really it had to be online based.</p><p>Overall, it’s a win for Google, there’s no argument there… but the question of how much of a win remains to be seen. The company is effectively shooting its shot with a top tier brand that has proven to be reliable and popular. To continue competing in this landscape it HAD to make some type of big move.</p><p>Yet as expected, parent company Alphabet didn’t see a massive stock leap when news leaked (or was made official), so the short-term effect may be minimal, however over the next eight-to-nine months in the run-up to next season YouTube TV should be more prominent in the media and that could help boost subscriptions.</p><p>Again – a long term inch-by-inch play, but it also comes with a risk.</p><p>Google is betting on cord-cutting to help them continue to divert viewers from the major players to them, but it still needs those networks to survive so they can stream them on their service. Remember YouTube TV is an aggregator, meaning it relies on the traditional model to feed them content to stream.</p><p>Part of what remains to be seen in that long term timing is the role linear and cable TV plays. As mentioned, their influence in the NFL ecosystem is what complicated this deal being done sooner.</p><p>It stands to reason that traditional TV’s existence is important to keep the prices at this high of a level. Without it, the value shifts for all parties, and if that influence fades, Google potentially may have overpaid for those rights. It&#39;s something Apple and Amazon were likely mindful of as well when they are looking at the perceived value of this deal as well as the others they had made with the NFL.</p><p>The league needs multiple bidders to keep that price tag high, and without broadcast and cable in the model, the competition for these packages would shrink considerably. For them, part of the value in having CBS, NBC, FOX and ESPN/ABC in the mix is the convenience factor to fans. While many have cut the cord, a good chunk still haven’t and have no plans to in the future.</p><p>That’s what makes those “corded” ratings so important to the NFL and other leagues – they validate the costs of these deals. And here, had those broadcast deals not been so iron-clad, we likely would have seen a very different scenario play out and a company like Disney could have swooped in and used it as way to support ESPN+.</p><p>All sides are banking on the current model changing, but only enough that it makes their deals look good - if it changes to much, the deals begin to look a little less desirable which will raise flags with investors and also make re-negotiations a beast down the road.</p><p>It’s a delicate line but one Google is willing to walk because, like Apple and Amazon, they see the payoff that could come with the risk.</p><p>For investor’s sake, let’s just hope there’s no flag on the play.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple, Google And Amazon: How Big Tech's Sports Splurge Is More Like A Game Of Inches</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\">\nApple, Google And Amazon: How Big Tech's Sports Splurge Is More Like A Game Of Inches\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-25 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4566041-apple-google-and-amazon-how-big-techs-sports-splurge-is-more-like-a-game-of-inches><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGoogle, Amazon and Apple have become the companies they are today because they were being driven by a collection of individuals who have pushed them to that \"next\" level.While none of them ...</p>\n\n<a href=\"https://seekingalpha.com/article/4566041-apple-google-and-amazon-how-big-techs-sports-splurge-is-more-like-a-game-of-inches\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌","GOOGL":"谷歌A","AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4566041-apple-google-and-amazon-how-big-techs-sports-splurge-is-more-like-a-game-of-inches","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102593770","content_text":"SummaryGoogle, Amazon and Apple have become the companies they are today because they were being driven by a collection of individuals who have pushed them to that \"next\" level.While none of them started as entertainment providers, they’ve all morphed into that space, with sports now playing a more prominent role in their growth - specifically regarding streaming.The NFL in particular brings a massive audience to the table, which comes at a massive price and one each is prepared to pay if they see enough value.This week Google snared the rights to the “NFL Sunday Ticket” package, following the lead of Apple and Amazon which also have made prior deals for a piece of the football pie.This is a long-term play for all three companies as while the linear/broadcast model has taken a hit, it still has strong influence over sports - complicating the encroachment of streamers.It has been said “football is a game of inches.”The reason is because it's a game often decided by the narrowest of margins. If you need proof of that go back and watch the end of Super Bowl XXXIV (34).Although that expression also has parallels to real life as well because the people who fight for those extra yards tend to be the ones to come out on top. It’s part of the reason we’ve seen Google (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon (AMZN) and Apple (NASDAQ:AAPL) become the companies they are today. Each has been driven by a collection of individuals who have pushed them to the next level.While none of them started as entertainment providers they’ve all morphed into that space in the past decade or two. Google with YouTube, Amazon with Prime Video and Apple with…well a lot of things.Most of that has stemmed from the evolution of streaming and lately the evolution has come to include sports. From the unpredictability that comes with live games to the fact they occur daily like clockwork, sports give platforms the ability to snare a captive audience for hours at a time.And given we spend hours at a time on our phones and computers it’s a natural fit.So, it came as no surprise that when the NFL was looking for a new partner for its NFL Sunday Ticket, Google, Amazon and Apple were right at the top of the list of potential teammates (along with places like Disney (NYSE:DIS).The NFL brings a massive audience and that commands a massive price tag for the rights to air the games. They have in many ways set the tone for putting a value on sports rights in general.For big tech, streaming is a valuable area for their growth as it's not only a subscription driver at times it also helps with other areas of its business. With Sunday Ticket, ultimately it was Google that came out with the deal, but it wasn’t a forgone conclusion and for investors it's not something that may have an immediate impact.Google, like Amazon and Apple, are playing the long game and going inch by inch as this new landscape continues to unfold for them.So, while the ink on the contract is still fresh and shareholders across those various companies are wondering how we got here and what’s next, it seems liked a good time to go behind the numbers a bit.This push by the tech world to enter sports is far more detailed than one may imagine. While each of those big three now control a piece of the NFL pie, there's a reason why each has carved out what it has and for investors to fully weigh their options they need to fully understand the thinking.First as always, some background.Amazon made history the other year when it acquired the rights to Thursday Night Football. To say the package has made the rounds over the years is an understatement. Originating at CBS and then moving to Fox it now calls Prime Video home (and will for the next decade).The shift to streaming was a massive one and raised the questions about whether audiences would follow, truthfully for real fans, it’s not like there was really a choice. They are going to find their team and they have no qualms about paying a premium to do it.On top of that, an Amazon subscription also is very common place these days given how valuable that free two-day (or less) shipping is to consumers… the trick is more getting people used to taking the extra step to log in vs. just changing the channel.It's an adjustment – especially to a certain generation.Although for Prime Video, the TNF brand is really just another value-addition proposition. For them, that subscription is the main goal, just as with Apple the end goal is to sell hardware – content is more a means to an end.It was a similar situation for DirecTV which has been the home to NFL Sunday Ticket since it launched in the 90s. You needed DirecTV to buy the package and despite its high price tag, people gladly shelled out the money.Times have changed and that demand has waned.For one, NFL Red Zone – a specialized channel that offers whip-around coverage from each game based on what’s happening – has negated some of the need for a full roster (it’s also a fraction of the price and in some cases included in your TV package).That, along with the debut of TNF, and a variety of economic factors has made DirecTV re-think the value of its deal. Less people were now paying for it and that was making it harder to justify the cost to continue the partnership.It became less of a “if” they’ll keep it and more of a “where” it will go next?For a while it looked Apple was in pole position.There were even rumors a deal was done and the pair were just waiting for the right moment to announce.Although last week in a shock move, it wasreportedApple had bowed out. It was suggested while Apple could (obviously) afford the presumed $2.5 billion price tag, the company also was questioning the value of it all.While a number of analysts were firmly on board the Apple track (myself included) and were surprised by the news, given Apple’s propensity for watching its spending and desire to innovate, it really shouldn’t have been a shock in retrospect.Apple has always been very careful about what it acquires. It's part of the reason why Apple never invested in a massive back-catalog to support its Apple TV + streaming service. To them, there was no need to spend on a library, as they were still the cheapest streaming option and they were valuing quality over quantity.It also has been reported that Apple’s interest wasn’t in being a “conduit” for the NFL programming, but to be a partner with the league. In other words, they wanted to do something on the same scale as to what they are doing with Major League Soccer.Apple is building a new service from the ground up with the league. It will for the first time unite all the games, so regardless of where you live you will have access to any team’s matchup for the full season.It also was believed they wanted to make the Sunday Ticket package more affordable for fans, but what they soon learned is that both options were something that is simply not possible with the NFL’s other broadcast deals.Its agreements with CBS and FOX actually prevent any major changes to the package including the price. In other words, the networks were worried that if Sunday Ticket was cheaper or promoted as an add-on that was free with subscription, CBS and FOX would take a hit in viewership in the various local markets the games air.In either case, Apple wanted to help innovate the way the NFL broadcasts its game, which was going to be harder than it thought.On top of that, Apple had already secured the rights to produce the Super Bowl halftime show production, which long-time sponsor Pepsi was walking away from after a decade long run. So in effect, Apple had its foothold into the NFL machine and as part of an area that gets almost as much coverage as the game itself.That, paired with its Friday Night Baseball deal with MLB (and the upcoming MLS package), gives them a solid sports portfolio that allows them to walk away should they see fit.So with Apple out, the assumption became either Amazon or Google would swoop in for the rights. Of the two, Google was more likely because Amazon already has the Thursday package (which is doing well) and the NFL has a history of trying to bring in new partners whenever it can.What makes Google different is that your subscription means more to their business model. They aren’t doing this to sell more devices or to get you buy from their e-commerce store – they want you to use them to watch TV.While Google’s YouTube TV has seen a strong boost in recognition over the last year, it's still not as well known as a traditional streamer, so having the NFL package would get them a sizable amount of extra attention. It also would be a closer by example comparison to the current DirecTV package where Sunday Ticket is an add-on to a traditional TV package – just in this case you are trading satellite for streaming.That said, keep in mind Sunday Ticket was always going to be going to a streamer. It's not just a “sign of the times.” DirecTV was one of only a handful of places that had both the reach and infrastructure in place to house something of that level on a linear scale. It couldn’t go to an Optimum or a Comcast because then you cut off a large part of the population – so really it had to be online based.Overall, it’s a win for Google, there’s no argument there… but the question of how much of a win remains to be seen. The company is effectively shooting its shot with a top tier brand that has proven to be reliable and popular. To continue competing in this landscape it HAD to make some type of big move.Yet as expected, parent company Alphabet didn’t see a massive stock leap when news leaked (or was made official), so the short-term effect may be minimal, however over the next eight-to-nine months in the run-up to next season YouTube TV should be more prominent in the media and that could help boost subscriptions.Again – a long term inch-by-inch play, but it also comes with a risk.Google is betting on cord-cutting to help them continue to divert viewers from the major players to them, but it still needs those networks to survive so they can stream them on their service. Remember YouTube TV is an aggregator, meaning it relies on the traditional model to feed them content to stream.Part of what remains to be seen in that long term timing is the role linear and cable TV plays. As mentioned, their influence in the NFL ecosystem is what complicated this deal being done sooner.It stands to reason that traditional TV’s existence is important to keep the prices at this high of a level. Without it, the value shifts for all parties, and if that influence fades, Google potentially may have overpaid for those rights. It's something Apple and Amazon were likely mindful of as well when they are looking at the perceived value of this deal as well as the others they had made with the NFL.The league needs multiple bidders to keep that price tag high, and without broadcast and cable in the model, the competition for these packages would shrink considerably. For them, part of the value in having CBS, NBC, FOX and ESPN/ABC in the mix is the convenience factor to fans. While many have cut the cord, a good chunk still haven’t and have no plans to in the future.That’s what makes those “corded” ratings so important to the NFL and other leagues – they validate the costs of these deals. And here, had those broadcast deals not been so iron-clad, we likely would have seen a very different scenario play out and a company like Disney could have swooped in and used it as way to support ESPN+.All sides are banking on the current model changing, but only enough that it makes their deals look good - if it changes to much, the deals begin to look a little less desirable which will raise flags with investors and also make re-negotiations a beast down the road.It’s a delicate line but one Google is willing to walk because, like Apple and Amazon, they see the payoff that could come with the risk.For investor’s sake, let’s just hope there’s no flag on the play.","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962240443,"gmtCreate":1669791338283,"gmtModify":1676538243924,"author":{"id":"4100058529967950","authorId":"4100058529967950","name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100058529967950","authorIdStr":"4100058529967950"},"themes":[],"htmlText":"• This option is ok","listText":"• This option is ok","text":"• This option is ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9962240443","repostId":"1198328697","repostType":4,"repost":{"id":"1198328697","pubTimestamp":1669790948,"share":"https://ttm.financial/m/news/1198328697?lang=&edition=fundamental","pubTime":"2022-11-30 14:49","market":"us","language":"en","title":"SPY: Got The Move We Wanted, But It's Time To Hold Back","url":"https://stock-news.laohu8.com/highlight/detail?id=1198328697","media":"Seeking Alpha","summary":"SummaryThe SPDR S&P 500 ETF has recovered remarkably, as we postulated in our previous article. The ","content":"<html><head></head><body><h3>Summary</h3><ul><li>The SPDR S&amp;P 500 ETF has recovered remarkably, as we postulated in our previous article. The market forced weak holders to flee at its October lows before recovering sharply.</li><li>The market&#39;s focus has likely shifted to the Fed&#39;s terminal rate exiting H1&#39;23. However, recent commentary from Fed speakers suggests that a higher-than-anticipated FFR cannot be ruled out.</li><li>We discuss why the near-term bias has moved into the bearish zone, with a pullback looking increasingly likely.</li><li>However, we still expect October lows to hold firmly before a re-test of August highs subsequently.</li><li>Revising from Buy to Hold for now.</li></ul><h3>Thesis</h3><p>We updated investors in our previous update to ignore the market pessimism in October. We postulated that the market forced a steep selloff from the <a href=\"https://laohu8.com/S/SPY\">SPDR S&amp;P 500 ETF</a>&#39;s August highs, leading to a potent double-bottom bear trap predicated against June&#39;s lows.</p><p>Accordingly, the SPY recovered nearly 16% from its October lows toward its November highs. As such, we believe it&#39;s appropriate for investors to pause and assess whether the current levels still represent attractive reward/risk through a potential recession.</p><p>The recovery is also in line with the SPY&#39;s 5Y and 10Y total return CAGR of 11% and 13.1%, respectively. Notwithstanding, its YTD return remains well in the red at -14.3%.</p><p>Fed Chair Jerome Powell is also due to speak on November 30 at a conference on &#34;Economic Outlook, Inflation, and the Labor Market.&#34; All eyes will therefore be on Powell as investors parse for clues in the Fed&#39;s updated dot plot. In addition, investors expect a slower rate hike cadence in its upcoming December FOMC meeting, which we believe has already been reflected in the recent recovery.</p><p>Hence, investors&#39; focus has justifiably shifted to whether there&#39;s a need to reprice the Fed&#39;s median terminal rate higher than anticipated. Recent commentary from Fed speakers sounded more hawkish than preferred. Given the SPY&#39;s near- to medium-term overbought levels, we believe caution is warranted.</p><p>Hence, we believe moving to the sidelines from here is appropriate, as we anticipate a healthy pullback before another attempt to re-test August highs.</p><p>Revising from Buy to Hold.</p><h3>All Eyes On Powell Next</h3><p>The recent release of the Fed&#39;s minutes corroborated the market&#39;s expectations of a slower pace in rate hikes moving forward. Therefore, the market has already priced in a 50 bps hike, with a probability of nearly 70% as of November 28 (down from 75% in the previous week).</p><p>Therefore, there wasn&#39;t any noticeable uplift from the release, as SPY had already bottomed out in October. Hence, we postulate that the recent rally has already appropriately captured the less hawkish hiking cadence.</p><p>The Fed Fund rates (FFR) forward curve indicates a 5% terminal rate exiting H1&#39;23 before falling below 4.4% exiting Q1&#39;24. As such, the market will assess whether the updated dot plot could suggest a terminal rate higher/lower than what the market has priced in.</p><p>However, recent commentary from Fed speakers highlights that the Fed could remain in a hawkish stance for longer as it continues to combat stubbornly high inflation rates.</p><p>The Fed&#39;s James Bullard also reiterated that the terminal rate needs to rise to at least 5% but could potentially be higher. Hence, Bullard cautioned investors that inflation remains the Fed&#39;s number one priority, and the work is far from done.</p><p>Therefore, investors are urged not to rule out higher terminal rates than currently reflected, which could impact the economy in 2023. Edward Yardeni also cautioned in a recent briefing:</p><blockquote>In our opinion, inflation is the one key variable that clearly will determine the economic and financial outcome in 2023. If it moderates without a hard landing of the economy, as we expect, then 2023 will be a better year all around than 2022. If it has peaked but remains persistently high, the Fed will have no choice but to continue tightening until a broad-based recession ensues. - Yardeni Research November 28 morning brief</blockquote><p>The SPY bottomed out at its October lows, as we postulated in our previous article.</p><p>However, the momentum has reached a standstill recently at its November highs. We believe the market&#39;s positioning is justified, with SPY&#39;s NTM P/E around 17.4x, in line with its 10Y average of 17.7x. A further re-rating is unlikely for now as the market parses the possibility for a repricing or shifting of the FFR&#39;s forward curve.</p><p>SPY&#39;s August highs remain the critical impediment, which we believe remains its intermediate resistance level. Based on an implied NTM P/E of 18.7x, we think it&#39;s within reach subsequently if the market doesn&#39;t anticipate a severe recessionary scenario. We assess that analysts&#39; estimates on the S&amp;P 500 have already been revised downward markedly to reflect a mild-to-moderate recession, likely reflected at SPY&#39;s October lows.</p><p>Hence, we believe SPY&#39;s October lows should hold robustly, but a pullback to de-risk the Fed&#39;s positioning in the upcoming December FOMC is likely.</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>SPY: Got The Move We Wanted, But It's Time To Hold Back</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSPY: Got The Move We Wanted, But It's Time To Hold Back\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-30 14:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4561101-spy-got-the-move-we-wanted-but-its-time-to-hold-back><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe SPDR S&P 500 ETF has recovered remarkably, as we postulated in our previous article. The market forced weak holders to flee at its October lows before recovering sharply.The market's focus ...</p>\n\n<a href=\"https://seekingalpha.com/article/4561101-spy-got-the-move-we-wanted-but-its-time-to-hold-back\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4561101-spy-got-the-move-we-wanted-but-its-time-to-hold-back","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198328697","content_text":"SummaryThe SPDR S&P 500 ETF has recovered remarkably, as we postulated in our previous article. The market forced weak holders to flee at its October lows before recovering sharply.The market's focus has likely shifted to the Fed's terminal rate exiting H1'23. However, recent commentary from Fed speakers suggests that a higher-than-anticipated FFR cannot be ruled out.We discuss why the near-term bias has moved into the bearish zone, with a pullback looking increasingly likely.However, we still expect October lows to hold firmly before a re-test of August highs subsequently.Revising from Buy to Hold for now.ThesisWe updated investors in our previous update to ignore the market pessimism in October. We postulated that the market forced a steep selloff from the SPDR S&P 500 ETF's August highs, leading to a potent double-bottom bear trap predicated against June's lows.Accordingly, the SPY recovered nearly 16% from its October lows toward its November highs. As such, we believe it's appropriate for investors to pause and assess whether the current levels still represent attractive reward/risk through a potential recession.The recovery is also in line with the SPY's 5Y and 10Y total return CAGR of 11% and 13.1%, respectively. Notwithstanding, its YTD return remains well in the red at -14.3%.Fed Chair Jerome Powell is also due to speak on November 30 at a conference on \"Economic Outlook, Inflation, and the Labor Market.\" All eyes will therefore be on Powell as investors parse for clues in the Fed's updated dot plot. In addition, investors expect a slower rate hike cadence in its upcoming December FOMC meeting, which we believe has already been reflected in the recent recovery.Hence, investors' focus has justifiably shifted to whether there's a need to reprice the Fed's median terminal rate higher than anticipated. Recent commentary from Fed speakers sounded more hawkish than preferred. Given the SPY's near- to medium-term overbought levels, we believe caution is warranted.Hence, we believe moving to the sidelines from here is appropriate, as we anticipate a healthy pullback before another attempt to re-test August highs.Revising from Buy to Hold.All Eyes On Powell NextThe recent release of the Fed's minutes corroborated the market's expectations of a slower pace in rate hikes moving forward. Therefore, the market has already priced in a 50 bps hike, with a probability of nearly 70% as of November 28 (down from 75% in the previous week).Therefore, there wasn't any noticeable uplift from the release, as SPY had already bottomed out in October. Hence, we postulate that the recent rally has already appropriately captured the less hawkish hiking cadence.The Fed Fund rates (FFR) forward curve indicates a 5% terminal rate exiting H1'23 before falling below 4.4% exiting Q1'24. As such, the market will assess whether the updated dot plot could suggest a terminal rate higher/lower than what the market has priced in.However, recent commentary from Fed speakers highlights that the Fed could remain in a hawkish stance for longer as it continues to combat stubbornly high inflation rates.The Fed's James Bullard also reiterated that the terminal rate needs to rise to at least 5% but could potentially be higher. Hence, Bullard cautioned investors that inflation remains the Fed's number one priority, and the work is far from done.Therefore, investors are urged not to rule out higher terminal rates than currently reflected, which could impact the economy in 2023. Edward Yardeni also cautioned in a recent briefing:In our opinion, inflation is the one key variable that clearly will determine the economic and financial outcome in 2023. If it moderates without a hard landing of the economy, as we expect, then 2023 will be a better year all around than 2022. If it has peaked but remains persistently high, the Fed will have no choice but to continue tightening until a broad-based recession ensues. - Yardeni Research November 28 morning briefThe SPY bottomed out at its October lows, as we postulated in our previous article.However, the momentum has reached a standstill recently at its November highs. We believe the market's positioning is justified, with SPY's NTM P/E around 17.4x, in line with its 10Y average of 17.7x. A further re-rating is unlikely for now as the market parses the possibility for a repricing or shifting of the FFR's forward curve.SPY's August highs remain the critical impediment, which we believe remains its intermediate resistance level. Based on an implied NTM P/E of 18.7x, we think it's within reach subsequently if the market doesn't anticipate a severe recessionary scenario. We assess that analysts' estimates on the S&P 500 have already been revised downward markedly to reflect a mild-to-moderate recession, likely reflected at SPY's October lows.Hence, we believe SPY's October lows should hold robustly, but a pullback to de-risk the Fed's positioning in the upcoming December FOMC is likely.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}