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2022-08-19

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EV Stocks Slid in Morning Trading

2022-08-19

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$100M College Whiz Who Scored As BBBY Squeezed Says He "Wasn't That Aware It Was A Meme"

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2022-05-10

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2022-05-10

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2022-04-28

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2022-04-28

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Better Stock Split Buy: Amazon or Tesla?

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8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stocks Slid in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-19 21:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV Stocks Slid in Morning Trading.</p><p>Tesla, Lucid, Rivian, Nio, Xpeng, Nikola, Canoo, Tusimple, Arrival and Fisker fell between 2% and 7%.<img src=\"https://static.tigerbbs.com/2dfb71d7f5881d98d8207cc0512668ec\" tg-width=\"431\" tg-height=\"721\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc.","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134195721","content_text":"EV Stocks Slid in Morning Trading.Tesla, Lucid, Rivian, Nio, Xpeng, Nikola, Canoo, Tusimple, Arrival and Fisker fell between 2% and 7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9998921681,"gmtCreate":1660920944745,"gmtModify":1676536423836,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998921681","repostId":"1117983793","repostType":4,"repost":{"id":"1117983793","kind":"news","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":1660918975,"share":"https://ttm.financial/m/news/1117983793?lang=&edition=fundamental","pubTime":"2022-08-19 22:22","market":"us","language":"en","title":"$100M College Whiz Who Scored As BBBY Squeezed Says He \"Wasn't That Aware It Was A Meme\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1117983793","media":"Benzinga","summary":"ZINGER KEY POINTS“I wasn’t that aware it was a meme stock,” Jake Freeman told Benzinga.Investor focu","content":"<html><head></head><body><h2>ZINGER KEY POINTS</h2><ul><li>“I wasn’t that aware it was a meme stock,” Jake Freeman told Benzinga.</li><li>Investor focus now, however, is on MindMed, which was co-Founded by Jake&#39;s uncle.</li></ul><p><img src=\"https://static.tigerbbs.com/2254510fd8e5225fad6178e4e1680a38\" tg-width=\"5616\" tg-height=\"3744\" referrerpolicy=\"no-referrer\"/><b>Jake Freeman</b>, the 20-year-old college student who reportedly banked $100 million trading Bed Bath and Beyond stock, purchased 4.69 million shares of the retailer <b>Bed Bath &amp; Beyond Inc</b></p><p>BBBY in July at roughly $5.20 per share along with his uncle, Dr. <b>Scott Freeman.</b></p><p>That netted their Freeman Capital Management family fund a 6.21% passive stake in the meme stock.</p><p>“I wasn’t that aware it was a meme stock,” the University of Southern California student told Benzinga on Thursday.</p><p>“I approached it more from a mathematical side — looking at the balance sheet and the intersection of the debt side, the equity. I did not expect in any way the stock going up so fast.”</p><p><b>The Bed Bath &amp; Beyond Investor&#39;s Plan:</b> In a July 21letter to Bed Bath &amp; Beyond, the younger Freeman outlined Freeman Capital’s plan for the realignment of the retailer, which consisted of two crucial legs: cutting debt and raising capital.</p><p>Fast forward just four weeks later, coupled with a carefully orchestrated short squeeze by Reddit&#39;s WallStreetBets community known as the &#34;Apes,&#34; shares of Bed Bath rocketed to $28.60 at the highs on Tuesday — the same day Freeman Capital exited its entire stake in the company.</p><p>Curiously, on the same day, <b>GameStop Corp.</b> Chairman <b>Ryan Cohen</b>, who sparked the Bed Bath &amp; Beyond fanfare with the Apes, filed with the SEC saying he intended to sell as many as 9.45 million shares of the company beginning that day.</p><p>The Freeman Family Fund&#39;s sale was well-timed. It closed at more than $130 million after spending $25 million in the initial investment, netting around $105-$110 million, or between 420%-460%.</p><p><b>MindMed Shares Skyrocket:</b> Jake, who previously interned at Volaris Capital Management invests with his uncle Scott, who is the co-founder and former chief medical officer of <b>Mind Medicine (MindMed) Inc</b>. MindMed shares rocketed 77.4% from the previous day&#39;s highs on Thursday after the Bed Bath &amp; Beyond sale was disclosed.</p><p><i>Read more: EXCLUSIVE: Food Wholesaler Talks Crazy Chicken And Beef Prices — &#39;Fresh Meat Arbitrage&#39;</i></p><p>The investor focus is now on MindMed, which was originally a privately owned company, Savant, co-founded Scott.</p><p>The Freemans have built a 5.6% stake in the company and sent astrategic value enhancement planto MindMed, outlining the fund&#39;s interest in working &#34;hand-in-hand&#34; to cut the development time of MindMed&#39;s two original drugs and slash its annual cash-burn rate.</p><p>Analyzing the letter, which the younger Freeman confirmed to Benzinga, FCM is focusing on MindMed&#39;s core drugs, cutting cash burn and terminating MindMed&#39;s at-the-money equity offering.</p><p>“I’ve been in drug development since I was in high school,” Scott said in an Aug. 16 interview on the YouTube channel Psychedelic Invest.</p><p>“About 13 years ago I partnered with <b>Stephen Hurst</b> and we founded a company called Savant.It was a private company working on drugs to treat addiction.”</p><p>After MindMed bought Savant, where he was previously CMO, Scott became the company&#39;s first CMO. Heleft the organizationaround a year after he arrived, making him the first senior member of the team to do so.</p><p>Benzinga asked the younger Freeman why Scott left the company; he said he could not divulge the reason for Freeman’s departure due to a non-disclosure agreement.</p><p>“As a co-founder,” Scott said in the aforementioned interview. “I’ve been sitting on the sidelines watching, and one of the reasons why I want to go back is that I think there are things that I think need to be done differently.”</p><p>In the letter to MindMed, the pair call for an overhaul of the company, including cutting 11 of its 22 employees; the elimination of more than $21.8 million in non-core expenditures; and half of its cash burn rate over time.</p><p>It also calls for the immediate development of a proposal to approach the FDA to upgrade its MM-120 drug from a Phase 2 trial to a Phase 3 trial, which the Freemans said could bring the drug to market in four years rather than the expected seven to eight years.</p><p>The enhancement plan calls for a 50% reduction in executive compensation as well.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$100M College Whiz Who Scored As BBBY Squeezed Says He \"Wasn't That Aware It Was A Meme\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$100M College Whiz Who Scored As BBBY Squeezed Says He \"Wasn't That Aware It Was A Meme\"\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\">2022-08-19 22:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2>ZINGER KEY POINTS</h2><ul><li>“I wasn’t that aware it was a meme stock,” Jake Freeman told Benzinga.</li><li>Investor focus now, however, is on MindMed, which was co-Founded by Jake&#39;s uncle.</li></ul><p><img src=\"https://static.tigerbbs.com/2254510fd8e5225fad6178e4e1680a38\" tg-width=\"5616\" tg-height=\"3744\" referrerpolicy=\"no-referrer\"/><b>Jake Freeman</b>, the 20-year-old college student who reportedly banked $100 million trading Bed Bath and Beyond stock, purchased 4.69 million shares of the retailer <b>Bed Bath &amp; Beyond Inc</b></p><p>BBBY in July at roughly $5.20 per share along with his uncle, Dr. <b>Scott Freeman.</b></p><p>That netted their Freeman Capital Management family fund a 6.21% passive stake in the meme stock.</p><p>“I wasn’t that aware it was a meme stock,” the University of Southern California student told Benzinga on Thursday.</p><p>“I approached it more from a mathematical side — looking at the balance sheet and the intersection of the debt side, the equity. I did not expect in any way the stock going up so fast.”</p><p><b>The Bed Bath &amp; Beyond Investor&#39;s Plan:</b> In a July 21letter to Bed Bath &amp; Beyond, the younger Freeman outlined Freeman Capital’s plan for the realignment of the retailer, which consisted of two crucial legs: cutting debt and raising capital.</p><p>Fast forward just four weeks later, coupled with a carefully orchestrated short squeeze by Reddit&#39;s WallStreetBets community known as the &#34;Apes,&#34; shares of Bed Bath rocketed to $28.60 at the highs on Tuesday — the same day Freeman Capital exited its entire stake in the company.</p><p>Curiously, on the same day, <b>GameStop Corp.</b> Chairman <b>Ryan Cohen</b>, who sparked the Bed Bath &amp; Beyond fanfare with the Apes, filed with the SEC saying he intended to sell as many as 9.45 million shares of the company beginning that day.</p><p>The Freeman Family Fund&#39;s sale was well-timed. It closed at more than $130 million after spending $25 million in the initial investment, netting around $105-$110 million, or between 420%-460%.</p><p><b>MindMed Shares Skyrocket:</b> Jake, who previously interned at Volaris Capital Management invests with his uncle Scott, who is the co-founder and former chief medical officer of <b>Mind Medicine (MindMed) Inc</b>. MindMed shares rocketed 77.4% from the previous day&#39;s highs on Thursday after the Bed Bath &amp; Beyond sale was disclosed.</p><p><i>Read more: EXCLUSIVE: Food Wholesaler Talks Crazy Chicken And Beef Prices — &#39;Fresh Meat Arbitrage&#39;</i></p><p>The investor focus is now on MindMed, which was originally a privately owned company, Savant, co-founded Scott.</p><p>The Freemans have built a 5.6% stake in the company and sent astrategic value enhancement planto MindMed, outlining the fund&#39;s interest in working &#34;hand-in-hand&#34; to cut the development time of MindMed&#39;s two original drugs and slash its annual cash-burn rate.</p><p>Analyzing the letter, which the younger Freeman confirmed to Benzinga, FCM is focusing on MindMed&#39;s core drugs, cutting cash burn and terminating MindMed&#39;s at-the-money equity offering.</p><p>“I’ve been in drug development since I was in high school,” Scott said in an Aug. 16 interview on the YouTube channel Psychedelic Invest.</p><p>“About 13 years ago I partnered with <b>Stephen Hurst</b> and we founded a company called Savant.It was a private company working on drugs to treat addiction.”</p><p>After MindMed bought Savant, where he was previously CMO, Scott became the company&#39;s first CMO. Heleft the organizationaround a year after he arrived, making him the first senior member of the team to do so.</p><p>Benzinga asked the younger Freeman why Scott left the company; he said he could not divulge the reason for Freeman’s departure due to a non-disclosure agreement.</p><p>“As a co-founder,” Scott said in the aforementioned interview. “I’ve been sitting on the sidelines watching, and one of the reasons why I want to go back is that I think there are things that I think need to be done differently.”</p><p>In the letter to MindMed, the pair call for an overhaul of the company, including cutting 11 of its 22 employees; the elimination of more than $21.8 million in non-core expenditures; and half of its cash burn rate over time.</p><p>It also calls for the immediate development of a proposal to approach the FDA to upgrade its MM-120 drug from a Phase 2 trial to a Phase 3 trial, which the Freemans said could bring the drug to market in four years rather than the expected seven to eight years.</p><p>The enhancement plan calls for a 50% reduction in executive compensation as well.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MNMD":"Mind Medicine (MindMed) Inc.","BBBY":"3B家居"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117983793","content_text":"ZINGER KEY POINTS“I wasn’t that aware it was a meme stock,” Jake Freeman told Benzinga.Investor focus now, however, is on MindMed, which was co-Founded by Jake's uncle.Jake Freeman, the 20-year-old college student who reportedly banked $100 million trading Bed Bath and Beyond stock, purchased 4.69 million shares of the retailer Bed Bath & Beyond IncBBBY in July at roughly $5.20 per share along with his uncle, Dr. Scott Freeman.That netted their Freeman Capital Management family fund a 6.21% passive stake in the meme stock.“I wasn’t that aware it was a meme stock,” the University of Southern California student told Benzinga on Thursday.“I approached it more from a mathematical side — looking at the balance sheet and the intersection of the debt side, the equity. I did not expect in any way the stock going up so fast.”The Bed Bath & Beyond Investor's Plan: In a July 21letter to Bed Bath & Beyond, the younger Freeman outlined Freeman Capital’s plan for the realignment of the retailer, which consisted of two crucial legs: cutting debt and raising capital.Fast forward just four weeks later, coupled with a carefully orchestrated short squeeze by Reddit's WallStreetBets community known as the \"Apes,\" shares of Bed Bath rocketed to $28.60 at the highs on Tuesday — the same day Freeman Capital exited its entire stake in the company.Curiously, on the same day, GameStop Corp. Chairman Ryan Cohen, who sparked the Bed Bath & Beyond fanfare with the Apes, filed with the SEC saying he intended to sell as many as 9.45 million shares of the company beginning that day.The Freeman Family Fund's sale was well-timed. It closed at more than $130 million after spending $25 million in the initial investment, netting around $105-$110 million, or between 420%-460%.MindMed Shares Skyrocket: Jake, who previously interned at Volaris Capital Management invests with his uncle Scott, who is the co-founder and former chief medical officer of Mind Medicine (MindMed) Inc. MindMed shares rocketed 77.4% from the previous day's highs on Thursday after the Bed Bath & Beyond sale was disclosed.Read more: EXCLUSIVE: Food Wholesaler Talks Crazy Chicken And Beef Prices — 'Fresh Meat Arbitrage'The investor focus is now on MindMed, which was originally a privately owned company, Savant, co-founded Scott.The Freemans have built a 5.6% stake in the company and sent astrategic value enhancement planto MindMed, outlining the fund's interest in working \"hand-in-hand\" to cut the development time of MindMed's two original drugs and slash its annual cash-burn rate.Analyzing the letter, which the younger Freeman confirmed to Benzinga, FCM is focusing on MindMed's core drugs, cutting cash burn and terminating MindMed's at-the-money equity offering.“I’ve been in drug development since I was in high school,” Scott said in an Aug. 16 interview on the YouTube channel Psychedelic Invest.“About 13 years ago I partnered with Stephen Hurst and we founded a company called Savant.It was a private company working on drugs to treat addiction.”After MindMed bought Savant, where he was previously CMO, Scott became the company's first CMO. Heleft the organizationaround a year after he arrived, making him the first senior member of the team to do so.Benzinga asked the younger Freeman why Scott left the company; he said he could not divulge the reason for Freeman’s departure due to a non-disclosure agreement.“As a co-founder,” Scott said in the aforementioned interview. “I’ve been sitting on the sidelines watching, and one of the reasons why I want to go back is that I think there are things that I think need to be done differently.”In the letter to MindMed, the pair call for an overhaul of the company, including cutting 11 of its 22 employees; the elimination of more than $21.8 million in non-core expenditures; and half of its cash burn rate over time.It also calls for the immediate development of a proposal to approach the FDA to upgrade its MM-120 drug from a Phase 2 trial to a Phase 3 trial, which the Freemans said could bring the drug to market in four years rather than the expected seven to eight years.The enhancement plan calls for a 50% reduction in executive compensation as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993429497,"gmtCreate":1660717985921,"gmtModify":1676536386282,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"&nbsp;Thanks&nbsp;","listText":"&nbsp;Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993429497","repostId":"1121757689","repostType":4,"repost":{"id":"1121757689","kind":"news","pubTimestamp":1660714565,"share":"https://ttm.financial/m/news/1121757689?lang=&edition=fundamental","pubTime":"2022-08-17 13:36","market":"us","language":"en","title":"\"The Mother of All Shorts\" Is Also an Extremely Risky Trade","url":"https://stock-news.laohu8.com/highlight/detail?id=1121757689","media":"Bloomberg","summary":"AMTD Digital still trading more than 2,000% above IPO priceHigh borrowing costs, low float keeping s","content":"<html><head></head><body><ul><li>AMTD Digital still trading more than 2,000% above IPO price</li><li>High borrowing costs, low float keeping short sellers at bay</li></ul><p>By any conventional measure, AMTD Digital Inc. is one of the world’s most overvalued stocks.</p><p>The barely profitable Hong Kong financial services firm trades at more than 400 times its latest fiscal-year earnings, compared with about 6 times for Goldman Sachs Group Inc., according to Bloomberg-compiled data. Even after tumbling more than 90% from its peak in early August, AMTD Digital’s 2,221% gain since listing in New York five weeks ago rivals GameStop Corp.’s surge at the peak of meme-stock mania.</p><p>One analyst has called AMTD Digital -- whose leader is appealing a ban from Hong Kong’s securities industry -- “the mother of all shorts.”</p><p>Yet ask professional short sellers about the stock, and they’re more likely to say it’s incredibly risky to bet against. AMTD’s tiny free float and low turnover makes borrowing shares prohibitively expensive for short sellers, while its extreme volatility could wipe out bearish positions in an instant.</p><p>“As a professional short seller, you want to stay a mile away from this,” Soren Aandahl, whose Blue Orca Capital is best known for betting against companies based in China and Hong Kong, said in an interview. “It’s so enormously volatile that it’s really dangerous.”</p><p>That reticence helps explain why AMTD Digital -- little-known even within Hong Kong financial circles until its eye-popping gain -- is still valued at more than $30 billion, making it bigger than about half the companies in the S&amp;P 500 Index.</p><p>With stocks like GameStop and Bed Bath &amp; Beyond Inc. climbing once again, AMTD Digital offers a stark reminder that seemingly irrational gains can last far longer than one would expect even in the age of meme investing. That’s partly because shorting the stocks is so risky, a lesson that hedge funds including Melvin Capital Management learned the hard way.</p><p><img src=\"https://static.tigerbbs.com/deab1f0dd5db38f816be2b70b67f7250\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>AMTD Digital has been raising eyebrows across Wall Street after a mysterious rally that exceeded 32,000% at its peak. At one point the company was worth about $400 billion on paper, more than the likes of Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co. Other newcomers from Hong Kong or mainland China have also posted similarly inexplicable gains, catching the attention of US regulators.</p><p>AMTD Digital hasn’t returned multiple requests for comment. It said in an Aug. 2 statement titled “Thank you note to investors” that it’s monitoring the market for any trading abnormalities and doesn’t know of any “material circumstances, events, nor other matters” that could be affecting the stock price.</p><p>Market observers interviewed by Bloomberg have been baffled by the move. Tellimer Ltd. became the first and sole brokerage to initiate coverage of the company, according to data compiled by Bloomberg, assigning it a sell rating on Monday in a report titled “AMTD Digital: The mother of all shorts.”</p><p>While the gains in AMC and GameStop were fueled by by a coordinated effort among retail investors to squeeze short sellers, Tellimer analyst Nirgunan Tiruchelvam said AMTD “seems to be a very curious case.”</p><p>AMTD Digital’s short interest as a percentage of shares outstanding is less than 0.1%, according to Markit data. One big deterrent for bears is the excessively high cost of borrowing the stock to sell it short. AMTD Digital’s IPO prospectus lists revenue from contracts with customers of just $21.5 million and profit of $23.9 million for the ten months ended in February.</p><p>As of Monday, investors needed to pay an annualized interest rate of 900%, according to Blue Orca’s Aandahl. That compares to about 1% for companies with large market capitalization.</p><p>Only about 10% of AMTD shares are available for trading, limiting the pool for investors and making the stock susceptible to wild swings.</p><p>“There’s much easier things to short,” Aandahl said.</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>\"The Mother of All Shorts\" Is Also an Extremely Risky Trade</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\">\n\"The Mother of All Shorts\" Is Also an Extremely Risky Trade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 13:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-17/-the-mother-of-all-shorts-is-also-an-extremely-dangerous-trade><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMTD Digital still trading more than 2,000% above IPO priceHigh borrowing costs, low float keeping short sellers at bayBy any conventional measure, AMTD Digital Inc. is one of the world’s most ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-17/-the-mother-of-all-shorts-is-also-an-extremely-dangerous-trade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-17/-the-mother-of-all-shorts-is-also-an-extremely-dangerous-trade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121757689","content_text":"AMTD Digital still trading more than 2,000% above IPO priceHigh borrowing costs, low float keeping short sellers at bayBy any conventional measure, AMTD Digital Inc. is one of the world’s most overvalued stocks.The barely profitable Hong Kong financial services firm trades at more than 400 times its latest fiscal-year earnings, compared with about 6 times for Goldman Sachs Group Inc., according to Bloomberg-compiled data. Even after tumbling more than 90% from its peak in early August, AMTD Digital’s 2,221% gain since listing in New York five weeks ago rivals GameStop Corp.’s surge at the peak of meme-stock mania.One analyst has called AMTD Digital -- whose leader is appealing a ban from Hong Kong’s securities industry -- “the mother of all shorts.”Yet ask professional short sellers about the stock, and they’re more likely to say it’s incredibly risky to bet against. AMTD’s tiny free float and low turnover makes borrowing shares prohibitively expensive for short sellers, while its extreme volatility could wipe out bearish positions in an instant.“As a professional short seller, you want to stay a mile away from this,” Soren Aandahl, whose Blue Orca Capital is best known for betting against companies based in China and Hong Kong, said in an interview. “It’s so enormously volatile that it’s really dangerous.”That reticence helps explain why AMTD Digital -- little-known even within Hong Kong financial circles until its eye-popping gain -- is still valued at more than $30 billion, making it bigger than about half the companies in the S&P 500 Index.With stocks like GameStop and Bed Bath & Beyond Inc. climbing once again, AMTD Digital offers a stark reminder that seemingly irrational gains can last far longer than one would expect even in the age of meme investing. That’s partly because shorting the stocks is so risky, a lesson that hedge funds including Melvin Capital Management learned the hard way.AMTD Digital has been raising eyebrows across Wall Street after a mysterious rally that exceeded 32,000% at its peak. At one point the company was worth about $400 billion on paper, more than the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co. Other newcomers from Hong Kong or mainland China have also posted similarly inexplicable gains, catching the attention of US regulators.AMTD Digital hasn’t returned multiple requests for comment. It said in an Aug. 2 statement titled “Thank you note to investors” that it’s monitoring the market for any trading abnormalities and doesn’t know of any “material circumstances, events, nor other matters” that could be affecting the stock price.Market observers interviewed by Bloomberg have been baffled by the move. Tellimer Ltd. became the first and sole brokerage to initiate coverage of the company, according to data compiled by Bloomberg, assigning it a sell rating on Monday in a report titled “AMTD Digital: The mother of all shorts.”While the gains in AMC and GameStop were fueled by by a coordinated effort among retail investors to squeeze short sellers, Tellimer analyst Nirgunan Tiruchelvam said AMTD “seems to be a very curious case.”AMTD Digital’s short interest as a percentage of shares outstanding is less than 0.1%, according to Markit data. One big deterrent for bears is the excessively high cost of borrowing the stock to sell it short. AMTD Digital’s IPO prospectus lists revenue from contracts with customers of just $21.5 million and profit of $23.9 million for the ten months ended in February.As of Monday, investors needed to pay an annualized interest rate of 900%, according to Blue Orca’s Aandahl. That compares to about 1% for companies with large market capitalization.Only about 10% of AMTD shares are available for trading, limiting the pool for investors and making the stock susceptible to wild swings.“There’s much easier things to short,” Aandahl said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076227186,"gmtCreate":1657854504745,"gmtModify":1676536073364,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076227186","repostId":"2251610452","repostType":4,"repost":{"id":"2251610452","kind":"highlight","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":1657854039,"share":"https://ttm.financial/m/news/2251610452?lang=&edition=fundamental","pubTime":"2022-07-15 11:00","market":"hk","language":"en","title":"BYD Co. Shares Rise After Upbeat Profit Alert","url":"https://stock-news.laohu8.com/highlight/detail?id=2251610452","media":"Dow Jones","summary":"Shares of BYD Co. rose in Friday morning trade in Hong Kong after the car maker said it expects firs","content":"<html><head></head><body><p>Shares of BYD Co. rose in Friday morning trade in Hong Kong after the car maker said it expects first-half net profit to more than double from a year earlier.</p><p>BYD&#39;s Hong Kong-listed shares added 4.8% to HK$296.60, taking year-to-date gains to 11%. Its Shenzhen-listed shares jumped 7.06% to CNY345.86.</p><p><img src=\"https://static.tigerbbs.com/55a0ebad3206cfb37ecba816fb25bc4c\" tg-width=\"999\" tg-height=\"668\" referrerpolicy=\"no-referrer\"/></p><p>The Chinese company expects net profit in the first six months to hit 2.80 billion yuan (US$414.4 million) to CNY3.60 billion, it said in a filing on Thursday. That compares with a net profit of CNY1.17 billion for the year-earlier period.</p><p>BYD attributed the expected strong results to the rapid growth of its new-energy vehicle business, the sales of which partly helped offset pressures from higher raw-material prices.</p><p>Bocom International analyst Angus Chan said in a note that the projected results were &#34;much stronger than our expectations,&#34; and that BYD&#39;s rich order backlog bodes well for sales volume growth for the rest of the year. The brokerage keeps a buy rating on BYD&#39;s H-shares with an unchanged target price of HK$382, citing the bright outlook for its electric cars and battery products.</p><p>&#34;We believe sales volume ramp-up in 2H22 and new model launches will spur share price,&#34; Mr. Chan added.</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>BYD Co. Shares Rise After Upbeat Profit Alert</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\">\nBYD Co. Shares Rise After Upbeat Profit Alert\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-15 11:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of BYD Co. rose in Friday morning trade in Hong Kong after the car maker said it expects first-half net profit to more than double from a year earlier.</p><p>BYD&#39;s Hong Kong-listed shares added 4.8% to HK$296.60, taking year-to-date gains to 11%. Its Shenzhen-listed shares jumped 7.06% to CNY345.86.</p><p><img src=\"https://static.tigerbbs.com/55a0ebad3206cfb37ecba816fb25bc4c\" tg-width=\"999\" tg-height=\"668\" referrerpolicy=\"no-referrer\"/></p><p>The Chinese company expects net profit in the first six months to hit 2.80 billion yuan (US$414.4 million) to CNY3.60 billion, it said in a filing on Thursday. That compares with a net profit of CNY1.17 billion for the year-earlier period.</p><p>BYD attributed the expected strong results to the rapid growth of its new-energy vehicle business, the sales of which partly helped offset pressures from higher raw-material prices.</p><p>Bocom International analyst Angus Chan said in a note that the projected results were &#34;much stronger than our expectations,&#34; and that BYD&#39;s rich order backlog bodes well for sales volume growth for the rest of the year. The brokerage keeps a buy rating on BYD&#39;s H-shares with an unchanged target price of HK$382, citing the bright outlook for its electric cars and battery products.</p><p>&#34;We believe sales volume ramp-up in 2H22 and new model launches will spur share price,&#34; Mr. Chan added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"002594":"比亚迪","01211":"比亚迪股份","BYDDY":"比亚迪ADR"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2251610452","content_text":"Shares of BYD Co. rose in Friday morning trade in Hong Kong after the car maker said it expects first-half net profit to more than double from a year earlier.BYD's Hong Kong-listed shares added 4.8% to HK$296.60, taking year-to-date gains to 11%. Its Shenzhen-listed shares jumped 7.06% to CNY345.86.The Chinese company expects net profit in the first six months to hit 2.80 billion yuan (US$414.4 million) to CNY3.60 billion, it said in a filing on Thursday. That compares with a net profit of CNY1.17 billion for the year-earlier period.BYD attributed the expected strong results to the rapid growth of its new-energy vehicle business, the sales of which partly helped offset pressures from higher raw-material prices.Bocom International analyst Angus Chan said in a note that the projected results were \"much stronger than our expectations,\" and that BYD's rich order backlog bodes well for sales volume growth for the rest of the year. The brokerage keeps a buy rating on BYD's H-shares with an unchanged target price of HK$382, citing the bright outlook for its electric cars and battery products.\"We believe sales volume ramp-up in 2H22 and new model launches will spur share price,\" Mr. Chan added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040522101,"gmtCreate":1655686771003,"gmtModify":1676535684835,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"&nbsp;Thanks.&nbsp;","listText":"&nbsp;Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040522101","repostId":"1145347873","repostType":4,"repost":{"id":"1145347873","kind":"news","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":1655263188,"share":"https://ttm.financial/m/news/1145347873?lang=&edition=fundamental","pubTime":"2022-06-15 11:19","market":"us","language":"en","title":"Reminder: U.S. Market Will Be Closed on June 20 for Juneteenth","url":"https://stock-news.laohu8.com/highlight/detail?id=1145347873","media":"Tiger Newspress","summary":"Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday,","content":"<html><head></head><body><p>Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday, 20 June 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><h2><img src=\"https://static.tigerbbs.com/4989a261ddb67ec705ca36de413a2f98\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/>What is Juneteenth and why is it a holiday?</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7bf04d06d6904956a7564f3d1ccafe6\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>People gather at a Juneteenth rally in 2020 in Brooklyn, N.Y.</span></p><p>Juneteenth, a portmanteau of June 19, is a holiday that honors the last enslaved Black people in Texas learning they were free.</p><p>On June 19, 1865, federal troops marched on Galveston, Texas, to take control of the state. Even though the Civil War had been over for two months, slavery remained in Texas.</p><p>Union General Gordon Granger arrived in Texas and famously read General Orders No. 3, which stated, “The people of Texas are informed that, in accordance with a proclamation from the Executive of the United States, all slaves are free.”</p><p>That day came two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on Jan. 1, 1863. Not all states immediately ended slavery when Lincoln signed the order during the Civil War.</p><p>While other dates — such as the Confederate Army’s surrender in the Civil War, the ratification of the 13th Amendment abolishing slavery, or the day Lincoln signed the Emancipation Proclamation — could similarly be viewed as the “end” of slavery in the U.S., Juneteenth is the day most people associate with its conclusion.</p><p>Congress moved to establish Juneteenth as a federal holiday in June 2021, and the holiday went into effect immediately. The bill, signed into law by President Biden, designated the date as Juneteenth National Independence Day.</p><p>June 19 this year falls on a Sunday, so most federal employees will get Monday, June 20 off. Some private companies last year also made Juneteenth a paid holiday for employees.</p><p>Congress had not added a federal holiday since Martin Luther King Day in 1983.</p><p>Juneteenth celebrations may include religious services, educational events, family gatherings and festivals. Some areas of the country, including Kansas and Texas, have had parades on Juneteenth.</p><p>Despite the U.S. recognizing Juneteenth as a federal holiday last year, many Americans still didn’t know the meaning of the observance. In a 2021 Gallup survey, 28% of U.S. adults said they knew “nothing at all” about Juneteenth.</p><p>Awareness of the date’s significance also broke along party lines. The survey found that 16% of Democrats knew “nothing at all” about Juneteenth, compared with 45% of Republicans.</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>Reminder: U.S. Market Will Be Closed on June 20 for Juneteenth</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\">\nReminder: U.S. Market Will Be Closed on June 20 for Juneteenth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-15 11:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday, 20 June 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><h2><img src=\"https://static.tigerbbs.com/4989a261ddb67ec705ca36de413a2f98\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/>What is Juneteenth and why is it a holiday?</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7bf04d06d6904956a7564f3d1ccafe6\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>People gather at a Juneteenth rally in 2020 in Brooklyn, N.Y.</span></p><p>Juneteenth, a portmanteau of June 19, is a holiday that honors the last enslaved Black people in Texas learning they were free.</p><p>On June 19, 1865, federal troops marched on Galveston, Texas, to take control of the state. Even though the Civil War had been over for two months, slavery remained in Texas.</p><p>Union General Gordon Granger arrived in Texas and famously read General Orders No. 3, which stated, “The people of Texas are informed that, in accordance with a proclamation from the Executive of the United States, all slaves are free.”</p><p>That day came two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on Jan. 1, 1863. Not all states immediately ended slavery when Lincoln signed the order during the Civil War.</p><p>While other dates — such as the Confederate Army’s surrender in the Civil War, the ratification of the 13th Amendment abolishing slavery, or the day Lincoln signed the Emancipation Proclamation — could similarly be viewed as the “end” of slavery in the U.S., Juneteenth is the day most people associate with its conclusion.</p><p>Congress moved to establish Juneteenth as a federal holiday in June 2021, and the holiday went into effect immediately. The bill, signed into law by President Biden, designated the date as Juneteenth National Independence Day.</p><p>June 19 this year falls on a Sunday, so most federal employees will get Monday, June 20 off. Some private companies last year also made Juneteenth a paid holiday for employees.</p><p>Congress had not added a federal holiday since Martin Luther King Day in 1983.</p><p>Juneteenth celebrations may include religious services, educational events, family gatherings and festivals. Some areas of the country, including Kansas and Texas, have had parades on Juneteenth.</p><p>Despite the U.S. recognizing Juneteenth as a federal holiday last year, many Americans still didn’t know the meaning of the observance. In a 2021 Gallup survey, 28% of U.S. adults said they knew “nothing at all” about Juneteenth.</p><p>Awareness of the date’s significance also broke along party lines. The survey found that 16% of Democrats knew “nothing at all” about Juneteenth, compared with 45% of Republicans.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145347873","content_text":"Juneteenth National Independence Day is around the corner. The U.S. market will be closed on Monday, 20 June 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.What is Juneteenth and why is it a holiday?People gather at a Juneteenth rally in 2020 in Brooklyn, N.Y.Juneteenth, a portmanteau of June 19, is a holiday that honors the last enslaved Black people in Texas learning they were free.On June 19, 1865, federal troops marched on Galveston, Texas, to take control of the state. Even though the Civil War had been over for two months, slavery remained in Texas.Union General Gordon Granger arrived in Texas and famously read General Orders No. 3, which stated, “The people of Texas are informed that, in accordance with a proclamation from the Executive of the United States, all slaves are free.”That day came two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on Jan. 1, 1863. Not all states immediately ended slavery when Lincoln signed the order during the Civil War.While other dates — such as the Confederate Army’s surrender in the Civil War, the ratification of the 13th Amendment abolishing slavery, or the day Lincoln signed the Emancipation Proclamation — could similarly be viewed as the “end” of slavery in the U.S., Juneteenth is the day most people associate with its conclusion.Congress moved to establish Juneteenth as a federal holiday in June 2021, and the holiday went into effect immediately. The bill, signed into law by President Biden, designated the date as Juneteenth National Independence Day.June 19 this year falls on a Sunday, so most federal employees will get Monday, June 20 off. Some private companies last year also made Juneteenth a paid holiday for employees.Congress had not added a federal holiday since Martin Luther King Day in 1983.Juneteenth celebrations may include religious services, educational events, family gatherings and festivals. Some areas of the country, including Kansas and Texas, have had parades on Juneteenth.Despite the U.S. recognizing Juneteenth as a federal holiday last year, many Americans still didn’t know the meaning of the observance. In a 2021 Gallup survey, 28% of U.S. adults said they knew “nothing at all” about Juneteenth.Awareness of the date’s significance also broke along party lines. The survey found that 16% of Democrats knew “nothing at all” about Juneteenth, compared with 45% of Republicans.","news_type":1},"isVote":1,"tweetType":1,"viewCount":543,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065301562,"gmtCreate":1652142139156,"gmtModify":1676535038242,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065301562","repostId":"2234884616","repostType":4,"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065303745,"gmtCreate":1652142091987,"gmtModify":1676535038225,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065303745","repostId":"2234884616","repostType":4,"repost":{"id":"2234884616","kind":"highlight","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":1652138058,"share":"https://ttm.financial/m/news/2234884616?lang=&edition=fundamental","pubTime":"2022-05-10 07:14","market":"us","language":"en","title":"S&P 500 Ends below 4,000 for 1st Time since March 2021; Growth Shares Lead Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=2234884616","media":"Reuters","summary":"* Nasdaq drops more than 4%* Twitter falls as short-seller Hindenburg flags risk to Musk deal* Indexes: Dow down 2%, S&P 500 down 3.2%, Nasdaq down 4.3%NEW YORK, May 9 (Reuters) - The S&P 500 ended be","content":"<html><head></head><body><p>* Nasdaq drops more than 4%</p><p>* Twitter falls as short-seller Hindenburg flags risk to Musk deal</p><p>* Indexes: Dow down 2%, S&amp;P 500 down 3.2%, Nasdaq down 4.3%</p><p>NEW YORK, May 9 (Reuters) - The S&amp;P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates.</p><p>The Nasdaq closed at its lowest level since November 2020. Apple shares dropped 3.3% and were the biggest weight on the Nasdaq and the S&amp;P 500. Microsoft Corp dropped 3.7% and Tesla Inc fell 9.1%.</p><p>Investors are worried about how aggressive the Federal Reserve will need to be to tame inflation. The U.S. central bank last week hiked interest rates by 50 basis points.</p><p>Benchmark 10-year U.S. Treasury yields hit their highest levels since November 2018 before easing on Monday.</p><p>&#34;Markets are digesting the start of a return to a more normal monetary policy environment,&#34; said Kristina Hooper, chief global market strategist at Invesco in New York.</p><p>&#34;Moving more aggressively (on rates) raises the specter of a recession, especially with all of these complications - high inflation, Ukraine war, COVID-related supply chain disruptions,&#34; she said.</p><p>Investors have also been worried about an economic slowdown in China following a recent rise in coronavirus cases.</p><p>The Dow Jones Industrial Average fell 653.67 points, or 1.99%, to 32,245.7, while the S&amp;P 500 lost 132.1 points, or 3.20%, to 3,991.24, its lowest close since March 31, 2021.</p><p>The Nasdaq Composite dropped 521.41 points, or 4.29%, to 11,623.25.</p><p>The S&amp;P 500 is now down 16.3% for the year so far.</p><p>Among the hardest hit in the recent selloff have been technology and growth stocks, whose valuations rely more heavily on future cash flows.</p><p>All S&amp;P 500 sectors ended lower on Monday except for consumer staples, which rose 0.1%.</p><p>The energy sector fell 8.3% as oil prices dropped.</p><p>The S&amp;P 500 growth index was down 3.9% on the day, while the S&amp;P 500 value index fell 2.5%.</p><p>Twitter Inc shares eased more than 3% as Hindenburg Research took a short position on the social media company&#39;s stock, saying the company&#39;s $44 billon deal to sell itself to Elon Musk has a significant risk of getting repriced lower.</p><p>Volume on U.S. exchanges was 15.29 billion shares, compared with the 12.34 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 7.18-to-1 ratio; on Nasdaq, a 5.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 73 new lows; the Nasdaq Composite recorded 13 new highs and 1,217 new lows.</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>S&P 500 Ends below 4,000 for 1st Time since March 2021; Growth Shares Lead Decline</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\">\nS&P 500 Ends below 4,000 for 1st Time since March 2021; Growth Shares Lead Decline\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\">2022-05-10 07:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Nasdaq drops more than 4%</p><p>* Twitter falls as short-seller Hindenburg flags risk to Musk deal</p><p>* Indexes: Dow down 2%, S&amp;P 500 down 3.2%, Nasdaq down 4.3%</p><p>NEW YORK, May 9 (Reuters) - The S&amp;P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates.</p><p>The Nasdaq closed at its lowest level since November 2020. Apple shares dropped 3.3% and were the biggest weight on the Nasdaq and the S&amp;P 500. Microsoft Corp dropped 3.7% and Tesla Inc fell 9.1%.</p><p>Investors are worried about how aggressive the Federal Reserve will need to be to tame inflation. The U.S. central bank last week hiked interest rates by 50 basis points.</p><p>Benchmark 10-year U.S. Treasury yields hit their highest levels since November 2018 before easing on Monday.</p><p>&#34;Markets are digesting the start of a return to a more normal monetary policy environment,&#34; said Kristina Hooper, chief global market strategist at Invesco in New York.</p><p>&#34;Moving more aggressively (on rates) raises the specter of a recession, especially with all of these complications - high inflation, Ukraine war, COVID-related supply chain disruptions,&#34; she said.</p><p>Investors have also been worried about an economic slowdown in China following a recent rise in coronavirus cases.</p><p>The Dow Jones Industrial Average fell 653.67 points, or 1.99%, to 32,245.7, while the S&amp;P 500 lost 132.1 points, or 3.20%, to 3,991.24, its lowest close since March 31, 2021.</p><p>The Nasdaq Composite dropped 521.41 points, or 4.29%, to 11,623.25.</p><p>The S&amp;P 500 is now down 16.3% for the year so far.</p><p>Among the hardest hit in the recent selloff have been technology and growth stocks, whose valuations rely more heavily on future cash flows.</p><p>All S&amp;P 500 sectors ended lower on Monday except for consumer staples, which rose 0.1%.</p><p>The energy sector fell 8.3% as oil prices dropped.</p><p>The S&amp;P 500 growth index was down 3.9% on the day, while the S&amp;P 500 value index fell 2.5%.</p><p>Twitter Inc shares eased more than 3% as Hindenburg Research took a short position on the social media company&#39;s stock, saying the company&#39;s $44 billon deal to sell itself to Elon Musk has a significant risk of getting repriced lower.</p><p>Volume on U.S. exchanges was 15.29 billion shares, compared with the 12.34 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 7.18-to-1 ratio; on Nasdaq, a 5.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 73 new lows; the Nasdaq Composite recorded 13 new highs and 1,217 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","TWTR":"Twitter","TSLA":"特斯拉","SH":"标普500反向ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234884616","content_text":"* Nasdaq drops more than 4%* Twitter falls as short-seller Hindenburg flags risk to Musk deal* Indexes: Dow down 2%, S&P 500 down 3.2%, Nasdaq down 4.3%NEW YORK, May 9 (Reuters) - The S&P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates.The Nasdaq closed at its lowest level since November 2020. Apple shares dropped 3.3% and were the biggest weight on the Nasdaq and the S&P 500. Microsoft Corp dropped 3.7% and Tesla Inc fell 9.1%.Investors are worried about how aggressive the Federal Reserve will need to be to tame inflation. The U.S. central bank last week hiked interest rates by 50 basis points.Benchmark 10-year U.S. Treasury yields hit their highest levels since November 2018 before easing on Monday.\"Markets are digesting the start of a return to a more normal monetary policy environment,\" said Kristina Hooper, chief global market strategist at Invesco in New York.\"Moving more aggressively (on rates) raises the specter of a recession, especially with all of these complications - high inflation, Ukraine war, COVID-related supply chain disruptions,\" she said.Investors have also been worried about an economic slowdown in China following a recent rise in coronavirus cases.The Dow Jones Industrial Average fell 653.67 points, or 1.99%, to 32,245.7, while the S&P 500 lost 132.1 points, or 3.20%, to 3,991.24, its lowest close since March 31, 2021.The Nasdaq Composite dropped 521.41 points, or 4.29%, to 11,623.25.The S&P 500 is now down 16.3% for the year so far.Among the hardest hit in the recent selloff have been technology and growth stocks, whose valuations rely more heavily on future cash flows.All S&P 500 sectors ended lower on Monday except for consumer staples, which rose 0.1%.The energy sector fell 8.3% as oil prices dropped.The S&P 500 growth index was down 3.9% on the day, while the S&P 500 value index fell 2.5%.Twitter Inc shares eased more than 3% as Hindenburg Research took a short position on the social media company's stock, saying the company's $44 billon deal to sell itself to Elon Musk has a significant risk of getting repriced lower.Volume on U.S. exchanges was 15.29 billion shares, compared with the 12.34 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 7.18-to-1 ratio; on Nasdaq, a 5.44-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 73 new lows; the Nasdaq Composite recorded 13 new highs and 1,217 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062300107,"gmtCreate":1651996053009,"gmtModify":1676535011369,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062300107","repostId":"1136606270","repostType":4,"repost":{"id":"1136606270","kind":"news","pubTimestamp":1651978218,"share":"https://ttm.financial/m/news/1136606270?lang=&edition=fundamental","pubTime":"2022-05-08 10:50","market":"us","language":"en","title":"Intel: Q1 Earnings And Buffett's 10x Pretax Rule","url":"https://stock-news.laohu8.com/highlight/detail?id=1136606270","media":"Seeking Alpha","summary":"SummaryThis is an updated coverage of an analysis I published in August 2021 on Intel Corporation.Th","content":"<html><head></head><body><p>Summary</p><ul><li>This is an updated coverage of an analysis I published in August 2021 on Intel Corporation.</li><li>The main update is twofold. First, it has just released its 2022 Q1 earnings and some of the financials in my original analysis need updating.</li><li>Second, the business fundamentals have also changed in several respects.</li><li>Both its fab initiative and Mobileye have achieved major milestones, and it also announced new R&amp;D and fab investments in Europe.</li><li>All told, it is a growth stock priced as a value stock. It is similar to owning an equity bond with ~9% yield and coupon payments that grow up to ~9% per year.</li></ul><p>The investment thesis</p><p>This is an updated coverage of an analysis I published on August 26, 2021, on Intel Corporation (NASDAQ:INTC). That article argued that INTC was a good fit for Buffett’s 10xPretax Rule. At that time, it was valued at 10x of its pretax earnings, and the article argued it was similar to owning an equity bond with a 10% yield and at the same with a coupon payment that increases 6~9% per year.</p><p>Since then, a few things have changed and the thesis deserves a reassessment. The conclusion is that it is still a good fit for Buffett’s 10x pretax rule. And I am still maintaining my bullish thesis and am optimistic about its double-digit annual return potential in the next few years. More specifically, the updates will be twofold.</p><p>First, the bad news is that both the stock price and its earnings have declined since then. The earnings have declined faster than the price, so as a result, the valuation has slightly expanded to about 11.6x pretax earnings now. Thus, its valuation is not exactly the best fit for the 10x pre-tax rule anymore, but still pretty close. And we will interpret the valuation implications more closely when we review its financials released in the 2022 Q1 earnings call.</p><p>Secondly, this article will also provide an updated evaluation of its growth potential. Since my last thesis, there have been more developments in these new growth areas such as the fab initiatives and Mobileye. And in Q1 2022, 3 of its 6 newly formed business segments (NEX, Mobileye, and IFS) all achieved record quarterly revenue. Going forward, it projects large CAPEX expenditures in the next few years (around $27B in 2022 alone) to support further growth. We will explore the implications of these developments in our thesis too.</p><p>What is Buffett’s 10x Pretax Rule?</p><p>As detailed in my other earlier writings, it is not a coincidence that many of Buffett&#39;s best and largest investment successes are from buying businesses at 10x pretax earnings, because:</p><blockquote><ul><li><i>Buying an average business that stagnates forever at 10x pretax would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond.</i></li><li><i>In case you get to buy an above-average business (like INTC here) at 10x pretax, then any growth would be a bonus on top of the 10% yield above, leading to a double-digit return.</i></li></ul></blockquote><p>As seen from the chart below, the market now presents INTC as such an opportunity. The following chart shows the price history of INTC and its 10x pretax earnings. Pretax earnings are also referred to as &#34;EBT&#34;, Earnings Before Taxes, in this article. As seen, for a business like INTC, whenever the price is near or below 10x EBT, it had a good time to buy (and vice versa). At the time of my last analysis, its valuation was at 10x EBT, and now it is about 11.6x FW EBT. Not the exact fit for the 10x EBT rule, but pretty close.</p><p><img src=\"https://static.tigerbbs.com/1967f3ce8090057ad32e37940872e829\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: author based on Seeking Alpha data</p><p>So, in this case, even if INTC stagnates forever, by paying 11.6x pretax, the investment would already provide a 9% pretax earnings yield, directly comparable to a 9% yield bond. And to be seen next, INTC has an excellent prospect to grow also.</p><p>As also detailed in my earlier writings, a strong warning is in order here:</p><blockquote><ul><li><i>I am NOT suggesting you go out and start buying every/any stock that is below 10x EBT. Investors face two major risks A) quality risk or value trap, i.e., paying a bargain price for something of horrible quality, and B) valuation risk, i.e., paying too much for something of superb quality. The 10x pretax rule is mainly 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, the business should have not an existential issue in the long run (largely a subjective judgment in the end). Second, the business should have no existential issue in the short run either. This can be quite reliably and objectively evaluated based on the cash flow and debt coverage. And finally, the business should have a decent chance to grow its earnings in the long term (and estimate the so-call perpetual growth rate). This will be a plus.</i></li></ul></blockquote><p>So with this framework, let’s examine INTC more closely.</p><p>INTC: does it have any short-term existential issues?</p><p>With INTC&#39;s market-leading position, scale, and management, I do not see any short-term survivability issues at all. As a matter of fact, INTC just affirmed a quite healthy 2022 outlook as shown below.</p><p>It projects a $76 billion revenue, representing a 2% year-over-year growth. And the management raised its EPS guidance by about $0.10 to $3.6 (non-GAAP) from its previous guidance. Note that the GAAP EPS outlook is $4.19. Also, the outlook for the tax rates is 9% in GAAP terms and 12% in non-GAAP terms. In my analysis here in this article, I used an effective tax rate of 10%.</p><p>Another reliable metric for checking on the short-term survival issue is debt coverage. The business is essentially debt-free with an average debt coverage above 50. Looking forward, its debt coverage will be a bit lower with the lowered EPS guidance and the heavy CAPEX expenditures expected. But it is still above 40 based on my projections, nowhere near levels that need to be concerned.</p><p><img src=\"https://static.tigerbbs.com/200376c4b4534816aa369f14a7fb1b48\" tg-width=\"640\" tg-height=\"342\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>INTC 2022 Q1 earnings report</p><p>NTC: does it have any long-term existential issues?</p><p>If any of us think INTC has issues surviving in the long term (say 10 to 20 years), it is probably mainly because of the competition from other chipmakers like Advanced Micro Devices (AMD), NVIDIA Corporation (NVDA), et al. I think these perceived threats are exaggerated for several reasons.</p><ul><li>Investors should not be too alarmed by the competition, especially not by the quarter-to-quarter fluctuations in their active users and margins. Furthermore, the pie is getting bigger at the same time. Emerging technologies such as autonomous driving, artificial intelligence, and smart appliances create an almost insatiable demand for chips. The global market for Multi-Core Processorswas estimated at $36.2 Billion in the year 2020. It is projected to reach $76.5 Billion by 2026, growing at a CAGR of 13.3%.</li><li><p>INTCiswell-positioned to compete on scale, existing products,new products, and its fabrication initiatives, etal.INTC&#39;s new CEO, Gelsinger&#39;s priorities on manufacturing are expected to tap into a high growth area and further diversify its revenue sources.</p></li><li><p>At the same time, the chip business also enjoys the government’s long-term support. The government now understands the chip business is a matter of national security. And INTC’s investment in foundry also enjoys support from the U.S. government. The Biden administration had recently pledged $52 billion toward building out domestic production.</p></li></ul><p>As such, the current valuation views INTC as a business that will never increase profits, but I think in the mid to long term, it will – which brings me to the third and last requirement.</p><p><img src=\"https://static.tigerbbs.com/41a248eab1f46afa2a4098a5aa40b741\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>INTC 2022 Q1 earnings report</p><p>INTC: what are its perpetual growth prospects?</p><p>With the above, I would be already happy to buy a quality business like INTC at 10x EBT if it stagnates forever. But in INTC&#39;s case, I think there are good perpetual growth prospects too. As detailed in my original article,</p><blockquote><i>In the long term (like 10 years or more), the growth rate is “simply”:</i></blockquote><blockquote><i>Longer-Term Growth Rate = ROCE * Reinvestment Rate</i></blockquote><blockquote><i>ROCE stands for the return on capital employed.</i></blockquote><p>Detailed analysis of ROCE has been provided in my earlier article and I will just show the results directly. As seen, it was able to maintain a respectably high ROCE over the past decade: on average 41.5% for the past decade.</p><p><img src=\"https://static.tigerbbs.com/e6191096d2e6607e35bf4282b47314dd\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: author.</p><p>I am optimistic that INTC can maintain and even improve its ROCE In the near future. It has been pursuing several high-growth and high-margin future directions. In Q1 2022, 3 of its 6 newly formed segments (NEX, Mobileye, and IFS) all achieved record quarterly revenue. Mobileye saw a record quarterly revenue of $394M, up 5% YoY. Mobileye also demonstrated its Level 4 self-driving system in Jerusalem, a major milestone in preparation for its upcoming robotaxi services. IFS also saw record quarterly revenue up 175% YoY thanks to increased tool deliveries and increased automotive revenue.</p><p>Going forward, INTC projects large CAPEX expenditures in the next few years to support further growth. We will explore the sustainability and implications of the CAPEX expenditures next.</p><p><img src=\"https://static.tigerbbs.com/aab1977428c731dae6933f250fdb1426\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>INTC 2022 Q1 earnings report</p><p>With the ROCE estimated, we can estimate the long-term growth rate, as shown in the next chart. This table shows the long-term growth rate at different combinations of ROCE and reinvestment rate. I assume a 10~15% as a long-term reinvestment rate for INTC even though it will be reinvesting more in the next few years due to the foundry initiative. Note that in this table, I also added 2.5% of inflation to the growth rate. I think this is justified as INTC has demonstrated in the past it has the pricing power to adjust for inflation.</p><p>As seen, the long-term growth rate is in the single upper-digit range, about 6~9%. Now to put the pieces together and conclude:</p><ul><li>In INTC&#39;s case here, its current valuation is about 11.6x EBT, equivalent to a 9% yielding equity bond.</li><li>At the same time, there is a good prospect of 6%~9% long-term growth – a growth rate that can be funded organically and sustained by the business itself.</li><li>So an investment here is similar to owning a bond with a ~9% yield and at the same time with the coupon payment increase of 6~9% per year, leading to very favorable odds of double-digit return in the long term.</li></ul><p><img src=\"https://static.tigerbbs.com/d5999d8662191a542bafaddc136e268a\" tg-width=\"640\" tg-height=\"285\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: author.</p><p>Final thoughts and risks</p><p>This article analyzes INTC, an industry leader that is for sale around 11.6x EBT. The current valuation views INTC as a business will stagnate permanently. Well, under its current valuation, our investment generates a handsome return already if it does.</p><p>Furthermore, on the contrary, there are good odds that it can grow its profits, by a healthy 6~9% per year. Its strategic initiatives in AXG (Accelerated Computing Systems and Graphics Group), IFS (Intel Foundry Services), Mobileye, and new expansion of R&amp;D and fab investments in Europe add further growth catalysts.</p><p>Although, INTC faces some macroscopic risks and also risks unique to its operations as detailed below:</p><ul><li>Macroscopic risks. The Ukraine/Russian conflict is a big near-term uncertainty. The ripple effects (such as disruption to the supply chain) create further and higher-order risks.</li><li>Also, the PC demand is showing a declining trend in the post-COVID market, which can soften the demand for INTC chips. The COVID pandemic has boosted PC demand when people change their working habits, and now the worldwide PC demand is showing signs of renormalization. The duration and degree of such decline is an uncertainty.</li><li>In the longer term, INTC competes with other players in the chip space. Even though INTC still dominates the chip market, it has lost significant market share to AMD in recent years.</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>Intel: Q1 Earnings And Buffett's 10x Pretax Rule</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\">\nIntel: Q1 Earnings And Buffett's 10x Pretax Rule\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 10:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4508340-intel-stock-q1-earnings-buffett-10x-pretax-rule><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThis is an updated coverage of an analysis I published in August 2021 on Intel Corporation.The main update is twofold. First, it has just released its 2022 Q1 earnings and some of the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4508340-intel-stock-q1-earnings-buffett-10x-pretax-rule\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4508340-intel-stock-q1-earnings-buffett-10x-pretax-rule","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136606270","content_text":"SummaryThis is an updated coverage of an analysis I published in August 2021 on Intel Corporation.The main update is twofold. First, it has just released its 2022 Q1 earnings and some of the financials in my original analysis need updating.Second, the business fundamentals have also changed in several respects.Both its fab initiative and Mobileye have achieved major milestones, and it also announced new R&D and fab investments in Europe.All told, it is a growth stock priced as a value stock. It is similar to owning an equity bond with ~9% yield and coupon payments that grow up to ~9% per year.The investment thesisThis is an updated coverage of an analysis I published on August 26, 2021, on Intel Corporation (NASDAQ:INTC). That article argued that INTC was a good fit for Buffett’s 10xPretax Rule. At that time, it was valued at 10x of its pretax earnings, and the article argued it was similar to owning an equity bond with a 10% yield and at the same with a coupon payment that increases 6~9% per year.Since then, a few things have changed and the thesis deserves a reassessment. The conclusion is that it is still a good fit for Buffett’s 10x pretax rule. And I am still maintaining my bullish thesis and am optimistic about its double-digit annual return potential in the next few years. More specifically, the updates will be twofold.First, the bad news is that both the stock price and its earnings have declined since then. The earnings have declined faster than the price, so as a result, the valuation has slightly expanded to about 11.6x pretax earnings now. Thus, its valuation is not exactly the best fit for the 10x pre-tax rule anymore, but still pretty close. And we will interpret the valuation implications more closely when we review its financials released in the 2022 Q1 earnings call.Secondly, this article will also provide an updated evaluation of its growth potential. Since my last thesis, there have been more developments in these new growth areas such as the fab initiatives and Mobileye. And in Q1 2022, 3 of its 6 newly formed business segments (NEX, Mobileye, and IFS) all achieved record quarterly revenue. Going forward, it projects large CAPEX expenditures in the next few years (around $27B in 2022 alone) to support further growth. We will explore the implications of these developments in our thesis too.What is Buffett’s 10x Pretax Rule?As detailed in my other earlier writings, it is not a coincidence that many of Buffett's best and largest investment successes are from buying businesses at 10x pretax earnings, because:Buying an average business that stagnates forever at 10x pretax would already provide a 10% pretax earnings yield, directly comparable to a 10% yield bond.In case you get to buy an above-average business (like INTC here) at 10x pretax, then any growth would be a bonus on top of the 10% yield above, leading to a double-digit return.As seen from the chart below, the market now presents INTC as such an opportunity. The following chart shows the price history of INTC and its 10x pretax earnings. Pretax earnings are also referred to as \"EBT\", Earnings Before Taxes, in this article. As seen, for a business like INTC, whenever the price is near or below 10x EBT, it had a good time to buy (and vice versa). At the time of my last analysis, its valuation was at 10x EBT, and now it is about 11.6x FW EBT. Not the exact fit for the 10x EBT rule, but pretty close.Source: author based on Seeking Alpha dataSo, in this case, even if INTC stagnates forever, by paying 11.6x pretax, the investment would already provide a 9% pretax earnings yield, directly comparable to a 9% yield bond. And to be seen next, INTC has an excellent prospect to grow also.As also detailed in my earlier writings, a strong warning is in order here:I am NOT suggesting you go out and start buying every/any stock that is below 10x EBT. Investors face two major risks A) quality risk or value trap, i.e., paying a bargain price for something of horrible quality, and B) valuation risk, i.e., paying too much for something of superb quality. The 10x pretax rule is mainly 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, the business should have not an existential issue in the long run (largely a subjective judgment in the end). Second, the business should have no existential issue in the short run either. This can be quite reliably and objectively evaluated based on the cash flow and debt coverage. And finally, the business should have a decent chance to grow its earnings in the long term (and estimate the so-call perpetual growth rate). This will be a plus.So with this framework, let’s examine INTC more closely.INTC: does it have any short-term existential issues?With INTC's market-leading position, scale, and management, I do not see any short-term survivability issues at all. As a matter of fact, INTC just affirmed a quite healthy 2022 outlook as shown below.It projects a $76 billion revenue, representing a 2% year-over-year growth. And the management raised its EPS guidance by about $0.10 to $3.6 (non-GAAP) from its previous guidance. Note that the GAAP EPS outlook is $4.19. Also, the outlook for the tax rates is 9% in GAAP terms and 12% in non-GAAP terms. In my analysis here in this article, I used an effective tax rate of 10%.Another reliable metric for checking on the short-term survival issue is debt coverage. The business is essentially debt-free with an average debt coverage above 50. Looking forward, its debt coverage will be a bit lower with the lowered EPS guidance and the heavy CAPEX expenditures expected. But it is still above 40 based on my projections, nowhere near levels that need to be concerned.INTC 2022 Q1 earnings reportNTC: does it have any long-term existential issues?If any of us think INTC has issues surviving in the long term (say 10 to 20 years), it is probably mainly because of the competition from other chipmakers like Advanced Micro Devices (AMD), NVIDIA Corporation (NVDA), et al. I think these perceived threats are exaggerated for several reasons.Investors should not be too alarmed by the competition, especially not by the quarter-to-quarter fluctuations in their active users and margins. Furthermore, the pie is getting bigger at the same time. Emerging technologies such as autonomous driving, artificial intelligence, and smart appliances create an almost insatiable demand for chips. The global market for Multi-Core Processorswas estimated at $36.2 Billion in the year 2020. It is projected to reach $76.5 Billion by 2026, growing at a CAGR of 13.3%.INTCiswell-positioned to compete on scale, existing products,new products, and its fabrication initiatives, etal.INTC's new CEO, Gelsinger's priorities on manufacturing are expected to tap into a high growth area and further diversify its revenue sources.At the same time, the chip business also enjoys the government’s long-term support. The government now understands the chip business is a matter of national security. And INTC’s investment in foundry also enjoys support from the U.S. government. The Biden administration had recently pledged $52 billion toward building out domestic production.As such, the current valuation views INTC as a business that will never increase profits, but I think in the mid to long term, it will – which brings me to the third and last requirement.INTC 2022 Q1 earnings reportINTC: what are its perpetual growth prospects?With the above, I would be already happy to buy a quality business like INTC at 10x EBT if it stagnates forever. But in INTC's case, I think there are good perpetual growth prospects too. As detailed in my original article,In the long term (like 10 years or more), the growth rate is “simply”:Longer-Term Growth Rate = ROCE * Reinvestment RateROCE stands for the return on capital employed.Detailed analysis of ROCE has been provided in my earlier article and I will just show the results directly. As seen, it was able to maintain a respectably high ROCE over the past decade: on average 41.5% for the past decade.Source: author.I am optimistic that INTC can maintain and even improve its ROCE In the near future. It has been pursuing several high-growth and high-margin future directions. In Q1 2022, 3 of its 6 newly formed segments (NEX, Mobileye, and IFS) all achieved record quarterly revenue. Mobileye saw a record quarterly revenue of $394M, up 5% YoY. Mobileye also demonstrated its Level 4 self-driving system in Jerusalem, a major milestone in preparation for its upcoming robotaxi services. IFS also saw record quarterly revenue up 175% YoY thanks to increased tool deliveries and increased automotive revenue.Going forward, INTC projects large CAPEX expenditures in the next few years to support further growth. We will explore the sustainability and implications of the CAPEX expenditures next.INTC 2022 Q1 earnings reportWith the ROCE estimated, we can estimate the long-term growth rate, as shown in the next chart. This table shows the long-term growth rate at different combinations of ROCE and reinvestment rate. I assume a 10~15% as a long-term reinvestment rate for INTC even though it will be reinvesting more in the next few years due to the foundry initiative. Note that in this table, I also added 2.5% of inflation to the growth rate. I think this is justified as INTC has demonstrated in the past it has the pricing power to adjust for inflation.As seen, the long-term growth rate is in the single upper-digit range, about 6~9%. Now to put the pieces together and conclude:In INTC's case here, its current valuation is about 11.6x EBT, equivalent to a 9% yielding equity bond.At the same time, there is a good prospect of 6%~9% long-term growth – a growth rate that can be funded organically and sustained by the business itself.So an investment here is similar to owning a bond with a ~9% yield and at the same time with the coupon payment increase of 6~9% per year, leading to very favorable odds of double-digit return in the long term.Source: author.Final thoughts and risksThis article analyzes INTC, an industry leader that is for sale around 11.6x EBT. The current valuation views INTC as a business will stagnate permanently. Well, under its current valuation, our investment generates a handsome return already if it does.Furthermore, on the contrary, there are good odds that it can grow its profits, by a healthy 6~9% per year. Its strategic initiatives in AXG (Accelerated Computing Systems and Graphics Group), IFS (Intel Foundry Services), Mobileye, and new expansion of R&D and fab investments in Europe add further growth catalysts.Although, INTC faces some macroscopic risks and also risks unique to its operations as detailed below:Macroscopic risks. The Ukraine/Russian conflict is a big near-term uncertainty. The ripple effects (such as disruption to the supply chain) create further and higher-order risks.Also, the PC demand is showing a declining trend in the post-COVID market, which can soften the demand for INTC chips. The COVID pandemic has boosted PC demand when people change their working habits, and now the worldwide PC demand is showing signs of renormalization. The duration and degree of such decline is an uncertainty.In the longer term, INTC competes with other players in the chip space. Even though INTC still dominates the chip market, it has lost significant market share to AMD in recent years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068133708,"gmtCreate":1651731043339,"gmtModify":1676534958364,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068133708","repostId":"2233046330","repostType":4,"repost":{"id":"2233046330","kind":"highlight","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":1651730112,"share":"https://ttm.financial/m/news/2233046330?lang=&edition=fundamental","pubTime":"2022-05-05 13:55","market":"us","language":"en","title":"Crypto Exchange Coinbase Opens up NFT Marketplace to All Users","url":"https://stock-news.laohu8.com/highlight/detail?id=2233046330","media":"Reuters","summary":"(Reuters) - Coinbase Global Inc is opening up its non-fungible token (NFT) marketplace to all users,","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/COIN\">Coinbase Global Inc</a> is opening up its non-fungible token (NFT) marketplace to all users, the U.S. cryptocurrency exchange said in a <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> post</p><p>on Wednesday, a platform which it had earlier rolled out for select users in the United States.</p><p>Coinbase said its NFT marketplace is in the beta stage and the company is still working on adding more features to the platform.</p><p>First announced in October last year, the platform was opened up to a &#34;small number&#34; of users in the U.S. in April and the company had at the time said more users would be added from a waiting list over the next three to five weeks while the platform is tested.</p><p>NFTs are a type of digital asset, which uses blockchain technology to record the ownership of digital files such as an image, video or a piece of text.</p><p>The popularity of such assets skyrocketed in 2021, but its growth has displayed signs of cooling of late.</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>Crypto Exchange Coinbase Opens up NFT Marketplace to All Users</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\">\nCrypto Exchange Coinbase Opens up NFT Marketplace to All Users\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\">2022-05-05 13:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/COIN\">Coinbase Global Inc</a> is opening up its non-fungible token (NFT) marketplace to all users, the U.S. cryptocurrency exchange said in a <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> post</p><p>on Wednesday, a platform which it had earlier rolled out for select users in the United States.</p><p>Coinbase said its NFT marketplace is in the beta stage and the company is still working on adding more features to the platform.</p><p>First announced in October last year, the platform was opened up to a &#34;small number&#34; of users in the U.S. in April and the company had at the time said more users would be added from a waiting list over the next three to five weeks while the platform is tested.</p><p>NFTs are a type of digital asset, which uses blockchain technology to record the ownership of digital files such as an image, video or a piece of text.</p><p>The popularity of such assets skyrocketed in 2021, but its growth has displayed signs of cooling of late.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4535":"淡马锡持仓","BK4551":"寇图资本持仓","BK4539":"次新股","BK4554":"元宇宙及AR概念","COIN":"Coinbase Global, Inc.","BK4112":"金融交易所和数据"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2233046330","content_text":"(Reuters) - Coinbase Global Inc is opening up its non-fungible token (NFT) marketplace to all users, the U.S. cryptocurrency exchange said in a Twitter poston Wednesday, a platform which it had earlier rolled out for select users in the United States.Coinbase said its NFT marketplace is in the beta stage and the company is still working on adding more features to the platform.First announced in October last year, the platform was opened up to a \"small number\" of users in the U.S. in April and the company had at the time said more users would be added from a waiting list over the next three to five weeks while the platform is tested.NFTs are a type of digital asset, which uses blockchain technology to record the ownership of digital files such as an image, video or a piece of text.The popularity of such assets skyrocketed in 2021, but its growth has displayed signs of cooling of late.","news_type":1},"isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061581301,"gmtCreate":1651642861941,"gmtModify":1676534941707,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061581301","repostId":"2232920016","repostType":4,"repost":{"id":"2232920016","kind":"news","pubTimestamp":1651633272,"share":"https://ttm.financial/m/news/2232920016?lang=&edition=fundamental","pubTime":"2022-05-04 11:01","market":"us","language":"en","title":"NIO: It Didn't Fall To Its March Lows - COVID Headwinds Priced In","url":"https://stock-news.laohu8.com/highlight/detail?id=2232920016","media":"seekingalpha","summary":"Investment ThesisNIO Inc. (NYSE:NIO) reported an April delivery card that reflected the significant ","content":"<html><head></head><body><h2>Investment Thesis</h2><p>NIO Inc. (NYSE:NIO) reported an April delivery card that reflected the significant challenges from the recent COVID lockdowns in China. As a result, we believe it could spend the next two quarters recovering to full production, impacting its revenue and profitability estimates.</p><p>Notably, the consensus estimates for FY22 have also been revised markedly downwards, reflecting these headwinds. Therefore, we believe that its stock re-rating could be delayed further into FY23. However, our price action analysis also suggested that the near-term bottom could be in. Despite the underwhelming April report, the stock did not revisit its March lows.</p><p>Furthermore, we also explained in a recent Alibaba &amp; Chinese tech stocks article that the regulatory environment had improved markedly. Even though the COVID situation remains fluid, automotive businesses in Shanghai have started to resume operations. Therefore, we think the worst seems to be over for NIO and its Chinese EV peers.</p><p>Consequently, we reiterate our Buy rating on NIO stock as a speculative opportunity only.</p><h2>NIO&#39;s Weak April Deliveries Are Expected</h2><p><img src=\"https://static.tigerbbs.com/b72e72d51dc0e33558772da67b1e7be4\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NIO deliveries by month (Company filings)</p><p>NIO delivered just 5.07K of vehicles in April 2022, down 28.6% YoY. It was also the company&#39;s worst showing since October 2021, when it delivered 3.67K of vehicles. Of course, its October performance was affected due to its production line upgrade. In April 2022, NIO was hit by industry-wide production cuts resulting from China&#39;s massive COVID lockdowns.</p><p>However, we believe that the impact is transitory, not structural, despite the downbeat numbers. Furthermore, companies in the automotive supply chain have started to resume operations. Therefore, NIO is also expected to increase production gradually. However, we expect full production resumption to recover only from H2&#39;22. Deutsche Bank (DB) also weighed in recently, as it added (edited):</p><blockquote>We expect some spillover effects in May related to suppliers slowly returning to production, while June could be the first &#34;normal&#34; month, assuming Covid conditions return to normal. NIO also continues to ramp up sales of its newly launched flagship ET7 sedan. We believe it will be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular premium cars on the market this year. - CnEVPost</blockquote><h2>Production Resumption In H2&#39;22 Is Key For Re-Rating</h2><p><img src=\"https://static.tigerbbs.com/a056767eb7b9217c864e457b35aaf0a9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NIO revenue YoY change % consensus estimates (Company filings)</p><p><img src=\"https://static.tigerbbs.com/def93c3e18b948aaa4ba9349d0e76325\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NIO adjusted EBIT margins % consensus estimates (Company filings)</p><p>As a result of the unexpected production curbs, the consensus estimates on NIO&#39;s revenue and profitability have been revised substantially downwards. Therefore, NIO&#39;s path to profitability has also been further extended.</p><p>Notably, NIO is estimated to post revenue growth of 22.3% in FQ1, which was not impacted by the lockdowns, which intensified only at the end of March. However, its Q2 revenue growth estimates have been revised to 41.9%, from 47.8% (March estimates). Moreover, NIO&#39;s revenue growth cadence is also expected to be affected throughout the rest of FY22.</p><p>In addition, NIO&#39;s adjusted EBIT margins are also estimated to suffer from significant markdowns. For instance, NIO is expected to post an adjusted EBIT margin of -15% in Q2 (ending June), down from the -8.6% estimates in March. Commentary from the Street also seemed downcast, as <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> (MS) accentuated (edited):</p><blockquote>NIO&#39;s vehicle production and delivery were severely affected by supply chain disruptions amid COVID-19 lockdowns in China. Though soft April sales should have been well anticipated, investors are likely to keep a close watch on the resumption progress post-China&#39;s May holidays. - The Fly</blockquote><p>Therefore, we strongly encourage investors to watch the automotive supply chain developments closely.</p><h2>Is NIO Stock A Buy, Sell, Or Hold?</h2><p><img src=\"https://static.tigerbbs.com/bfb9f2c70564032ce18de21a4b024324\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NIO stock price chart (TradingView)</p><p>As seen above, the market is still digesting the gains from 2020, overturned by the 2021 bull trap. Furthermore, NIO stock has also fallen through the 61.8% Fibonacci retracement level, indicating that the momentum is bearish.</p><p>However, we also observed that NIO stock did not break below its March lows, despite the underwhelming April delivery report and revised estimates. Therefore, we are sanguine that the market has already priced in significant headwinds in NIO stock.</p><p>Accordingly, we think the stage has been set for management to more easily outperform moving forward. In addition, the revised estimates have lowered the bar for NIO to beat its upcoming Q1 earnings card, coupled with its Q2 guidance.</p><p>However, we think its re-rating could take longer, potentially only from FY23, as the market parses its production cadence. Nevertheless, we believe the bottom seems to be near, as long as the COVID headwinds don&#39;t get worse moving forward.</p><p>As such, <i>we reiterate our Buy rating on NIO stock</i>. However, we emphasize that it&#39;s suitable only as a speculative opportunity. Therefore, investors are reminded to size their exposure appropriately.</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: It Didn't Fall To Its March Lows - COVID Headwinds Priced 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\">\nNIO: It Didn't Fall To Its March Lows - COVID Headwinds Priced In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-04 11:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4506509-nio-stock-april-deliveries-covid-headwinds-priced-in><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investment ThesisNIO Inc. (NYSE:NIO) reported an April delivery card that reflected the significant challenges from the recent COVID lockdowns in China. As a result, we believe it could spend the next...</p>\n\n<a href=\"https://seekingalpha.com/article/4506509-nio-stock-april-deliveries-covid-headwinds-priced-in\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4505":"高瓴资本持仓","BK4534":"瑞士信贷持仓","BK4548":"巴美列捷福持仓","BK4581":"高盛持仓","BK4555":"新能源车","BK4526":"热门中概股","BK4504":"桥水持仓","BK4531":"中概回港概念","BK4509":"腾讯概念","BK4532":"文艺复兴科技持仓","BK4099":"汽车制造商","BK4574":"无人驾驶","NIO":"蔚来","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM"},"source_url":"https://seekingalpha.com/article/4506509-nio-stock-april-deliveries-covid-headwinds-priced-in","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2232920016","content_text":"Investment ThesisNIO Inc. (NYSE:NIO) reported an April delivery card that reflected the significant challenges from the recent COVID lockdowns in China. As a result, we believe it could spend the next two quarters recovering to full production, impacting its revenue and profitability estimates.Notably, the consensus estimates for FY22 have also been revised markedly downwards, reflecting these headwinds. Therefore, we believe that its stock re-rating could be delayed further into FY23. However, our price action analysis also suggested that the near-term bottom could be in. Despite the underwhelming April report, the stock did not revisit its March lows.Furthermore, we also explained in a recent Alibaba & Chinese tech stocks article that the regulatory environment had improved markedly. Even though the COVID situation remains fluid, automotive businesses in Shanghai have started to resume operations. Therefore, we think the worst seems to be over for NIO and its Chinese EV peers.Consequently, we reiterate our Buy rating on NIO stock as a speculative opportunity only.NIO's Weak April Deliveries Are ExpectedNIO deliveries by month (Company filings)NIO delivered just 5.07K of vehicles in April 2022, down 28.6% YoY. It was also the company's worst showing since October 2021, when it delivered 3.67K of vehicles. Of course, its October performance was affected due to its production line upgrade. In April 2022, NIO was hit by industry-wide production cuts resulting from China's massive COVID lockdowns.However, we believe that the impact is transitory, not structural, despite the downbeat numbers. Furthermore, companies in the automotive supply chain have started to resume operations. Therefore, NIO is also expected to increase production gradually. However, we expect full production resumption to recover only from H2'22. Deutsche Bank (DB) also weighed in recently, as it added (edited):We expect some spillover effects in May related to suppliers slowly returning to production, while June could be the first \"normal\" month, assuming Covid conditions return to normal. NIO also continues to ramp up sales of its newly launched flagship ET7 sedan. We believe it will be one of the most popular premium cars on the market this year. - CnEVPostProduction Resumption In H2'22 Is Key For Re-RatingNIO revenue YoY change % consensus estimates (Company filings)NIO adjusted EBIT margins % consensus estimates (Company filings)As a result of the unexpected production curbs, the consensus estimates on NIO's revenue and profitability have been revised substantially downwards. Therefore, NIO's path to profitability has also been further extended.Notably, NIO is estimated to post revenue growth of 22.3% in FQ1, which was not impacted by the lockdowns, which intensified only at the end of March. However, its Q2 revenue growth estimates have been revised to 41.9%, from 47.8% (March estimates). Moreover, NIO's revenue growth cadence is also expected to be affected throughout the rest of FY22.In addition, NIO's adjusted EBIT margins are also estimated to suffer from significant markdowns. For instance, NIO is expected to post an adjusted EBIT margin of -15% in Q2 (ending June), down from the -8.6% estimates in March. Commentary from the Street also seemed downcast, as Morgan Stanley (MS) accentuated (edited):NIO's vehicle production and delivery were severely affected by supply chain disruptions amid COVID-19 lockdowns in China. Though soft April sales should have been well anticipated, investors are likely to keep a close watch on the resumption progress post-China's May holidays. - The FlyTherefore, we strongly encourage investors to watch the automotive supply chain developments closely.Is NIO Stock A Buy, Sell, Or Hold?NIO stock price chart (TradingView)As seen above, the market is still digesting the gains from 2020, overturned by the 2021 bull trap. Furthermore, NIO stock has also fallen through the 61.8% Fibonacci retracement level, indicating that the momentum is bearish.However, we also observed that NIO stock did not break below its March lows, despite the underwhelming April delivery report and revised estimates. Therefore, we are sanguine that the market has already priced in significant headwinds in NIO stock.Accordingly, we think the stage has been set for management to more easily outperform moving forward. In addition, the revised estimates have lowered the bar for NIO to beat its upcoming Q1 earnings card, coupled with its Q2 guidance.However, we think its re-rating could take longer, potentially only from FY23, as the market parses its production cadence. Nevertheless, we believe the bottom seems to be near, as long as the COVID headwinds don't get worse moving forward.As such, we reiterate our Buy rating on NIO stock. However, we emphasize that it's suitable only as a speculative opportunity. Therefore, investors are reminded to size their exposure appropriately.","news_type":1},"isVote":1,"tweetType":1,"viewCount":814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9069545043,"gmtCreate":1651324613348,"gmtModify":1676534890142,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9069545043","repostId":"1158983514","repostType":4,"repost":{"id":"1158983514","kind":"news","pubTimestamp":1651390198,"share":"https://ttm.financial/m/news/1158983514?lang=&edition=fundamental","pubTime":"2022-05-01 15:29","market":"us","language":"en","title":"Big Tech Is No Longer Winning as Big, but These Two Stocks Still Seem Safe","url":"https://stock-news.laohu8.com/highlight/detail?id=1158983514","media":"MarketWatch","summary":"Apple and Microsoft were the only two Big Tech companies to increase earnings from last year’s pande","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> were the only two Big Tech companies to increase earnings from last year’s pandemic boom, while <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, <a href=\"https://laohu8.com/S/GOOGL\">Google</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a> appear headed for an uneven year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f373a8487bad61d4e6ea8d74fdfff305\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Apple and Microsoft appear to be in better positions than other Big Tech companies.  AFP via Getty Images</span></p><p>The Big Tech earnings boom is officially over, but some of the world’s most powerful and valuable companies are breaking off from the pack.</p><p>As this column told you months ago, profit increases are no longer a given for Big Tech. Collectively, <a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc.</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc.</a>, <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a>, <a href=\"https://laohu8.com/S/FB\">Meta Platforms Inc.</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp.</a> saw profit fall more than 17% year-over-year in the first quarter in earnings reports delivered this week, as they lapped the end of a pandemic boom that brought record results. But only three of the five actually saw earnings decrease individually, as Amazon’s surprising loss swayed the collective results.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> justified their $2 trillion-plus valuations,  increasing profit against tough comps by more than $1 billion apiece.  <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> appears best-positioned, after surpassing profit and sales estimates while giving a strong outlook, helped in part by a price hike of its Office 365 software suite and its still-growing Azure cloud-computing business. While Apple reported record March-quarter revenue, the ongoing shortage of semiconductors weighed heavily on its outlook, with an estimated impact from constraints ranging from $4 billion to $8 billion, higher than the company experienced in the March quarter.</p><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a> wishes it had Apple’s problems, though. The e-commerce and cloud-computing giant reported its first net loss in seven years, as inflationary pressures added $6 billion to its already steep operating costs in the first quarter. Chief Financial Officer Brian Olsavsky admitted in a conference call that it was time for Amazon, known for its tremendous appetite to spend, to cut back — “resizing its cost structure and driving out inefficiencies,” as he termed it.</p><p>And then there is the advertising businesses, which look like it’s in much tougher straits this year as advertisers cut back and TikTok rises. Facebook parent company Meta had its lowest revenue growth in history and gave a disappointing forecast that included the possibility of the company’s first-ever quarterly decline in revenue. Chief Executive Mark Zuckerberg blamed the shortfall on the transition among consumers to more short-form videos like Reels, which Facebook copied from TikTok and is still figuring out how to monetize optimally.</p><p>YouTube may also be feeling the heat from TikTok, a downturn in the online-advertising industry and doubts about streaming in general. Google’s video service is starting to see revenue growth slow down after years of huge gains, and the search business’s large but steadier revenue stream can’t cover that up.</p><p>With doubts about online advertising and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> deciding how frugal it wants to get, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> seem like the safest landing spots for investors. Dan Ives, a Wedbush Securities analyst, believes Microsoft is one of the core holdings to own in the current environment for some investors.</p><p>“Our unwavering view is that despite the fear in the air given the Fed-tightening backdrop and valuations falling off a cliff in tech, underlying digital transformation growth is accelerating and not decelerating into the rest of 2022 as part of this 4th Industrial Revolution,” Ives wrote, calling Microsoft’s guidance a “blowout guide.”</p><p>“The Fed raising rates and inflation issues will slow down the economy, but we view cloud spending as deflationary and ultimately on an accelerated path, with Redmond leading the way,” he added. He maintained his outperform rating on the stock.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>, too, is in a better position, with its biggest issue seeming to be an inability to completely meet consumer demand. Analysts did ask CEO Tim Cook if he was seeing any signs of inflation and rising interest rates having an effect on demand, but he would only say that Apple is monitoring daily sales closely, and that the company’s main focus right now is on the supply side.</p><p>This year is likely to be choppy, as the costs that all these companies expected while raising prices last year actually come to fruition, likely bringing down expectations for continuing record profit margins.If you’re looking for a port in that volatile sea, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> and Apple seem like the best bets, at least for now.</p></body></html>","source":"lsy1603348471595","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>Big Tech Is No Longer Winning as Big, but These Two Stocks Still Seem Safe</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\">\nBig Tech Is No Longer Winning as Big, but These Two Stocks Still Seem Safe\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-01 15:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/big-tech-is-no-longer-winning-as-big-but-these-two-stocks-still-seem-safe-11651194167?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple and Microsoft were the only two Big Tech companies to increase earnings from last year’s pandemic boom, while Amazon, Google and Facebook appear headed for an uneven year.Apple and Microsoft ...</p>\n\n<a href=\"https://www.marketwatch.com/story/big-tech-is-no-longer-winning-as-big-but-these-two-stocks-still-seem-safe-11651194167?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":{"MSFT":"微软","AAPL":"苹果","GOOG":"谷歌","NFLX":"奈飞","AMZN":"亚马逊","GOOGL":"谷歌A"},"source_url":"https://www.marketwatch.com/story/big-tech-is-no-longer-winning-as-big-but-these-two-stocks-still-seem-safe-11651194167?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158983514","content_text":"Apple and Microsoft were the only two Big Tech companies to increase earnings from last year’s pandemic boom, while Amazon, Google and Facebook appear headed for an uneven year.Apple and Microsoft appear to be in better positions than other Big Tech companies.  AFP via Getty ImagesThe Big Tech earnings boom is officially over, but some of the world’s most powerful and valuable companies are breaking off from the pack.As this column told you months ago, profit increases are no longer a given for Big Tech. Collectively, Alphabet Inc., Amazon.com Inc., Apple Inc., Meta Platforms Inc. and Microsoft Corp. saw profit fall more than 17% year-over-year in the first quarter in earnings reports delivered this week, as they lapped the end of a pandemic boom that brought record results. But only three of the five actually saw earnings decrease individually, as Amazon’s surprising loss swayed the collective results.Apple and Microsoft justified their $2 trillion-plus valuations,  increasing profit against tough comps by more than $1 billion apiece.  Microsoft appears best-positioned, after surpassing profit and sales estimates while giving a strong outlook, helped in part by a price hike of its Office 365 software suite and its still-growing Azure cloud-computing business. While Apple reported record March-quarter revenue, the ongoing shortage of semiconductors weighed heavily on its outlook, with an estimated impact from constraints ranging from $4 billion to $8 billion, higher than the company experienced in the March quarter.Amazon wishes it had Apple’s problems, though. The e-commerce and cloud-computing giant reported its first net loss in seven years, as inflationary pressures added $6 billion to its already steep operating costs in the first quarter. Chief Financial Officer Brian Olsavsky admitted in a conference call that it was time for Amazon, known for its tremendous appetite to spend, to cut back — “resizing its cost structure and driving out inefficiencies,” as he termed it.And then there is the advertising businesses, which look like it’s in much tougher straits this year as advertisers cut back and TikTok rises. Facebook parent company Meta had its lowest revenue growth in history and gave a disappointing forecast that included the possibility of the company’s first-ever quarterly decline in revenue. Chief Executive Mark Zuckerberg blamed the shortfall on the transition among consumers to more short-form videos like Reels, which Facebook copied from TikTok and is still figuring out how to monetize optimally.YouTube may also be feeling the heat from TikTok, a downturn in the online-advertising industry and doubts about streaming in general. Google’s video service is starting to see revenue growth slow down after years of huge gains, and the search business’s large but steadier revenue stream can’t cover that up.With doubts about online advertising and Amazon deciding how frugal it wants to get, Microsoft and Apple seem like the safest landing spots for investors. Dan Ives, a Wedbush Securities analyst, believes Microsoft is one of the core holdings to own in the current environment for some investors.“Our unwavering view is that despite the fear in the air given the Fed-tightening backdrop and valuations falling off a cliff in tech, underlying digital transformation growth is accelerating and not decelerating into the rest of 2022 as part of this 4th Industrial Revolution,” Ives wrote, calling Microsoft’s guidance a “blowout guide.”“The Fed raising rates and inflation issues will slow down the economy, but we view cloud spending as deflationary and ultimately on an accelerated path, with Redmond leading the way,” he added. He maintained his outperform rating on the stock.Apple, too, is in a better position, with its biggest issue seeming to be an inability to completely meet consumer demand. Analysts did ask CEO Tim Cook if he was seeing any signs of inflation and rising interest rates having an effect on demand, but he would only say that Apple is monitoring daily sales closely, and that the company’s main focus right now is on the supply side.This year is likely to be choppy, as the costs that all these companies expected while raising prices last year actually come to fruition, likely bringing down expectations for continuing record profit margins.If you’re looking for a port in that volatile sea, Microsoft and Apple seem like the best bets, at least for now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9069104326,"gmtCreate":1651243999354,"gmtModify":1676534877330,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9069104326","repostId":"1114108370","repostType":4,"repost":{"id":"1114108370","kind":"news","pubTimestamp":1651231846,"share":"https://ttm.financial/m/news/1114108370?lang=&edition=fundamental","pubTime":"2022-04-29 19:30","market":"us","language":"en","title":"Tech Stocks Lose $1.8 Trillion in a Month Thanks to Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=1114108370","media":"Bloomberg","summary":"Nasdaq 100 Index posts worst start to the year since 2002Earnings, rate-hike expectations have made ","content":"<html><head></head><body><ul><li>Nasdaq 100 Index posts worst start to the year since 2002</li><li>Earnings, rate-hike expectations have made for volatile month</li></ul><p>For tech investors, it’s been the worst start to the year in two decades. And with another hike in the Federal Reserve’s interest rate seen next week, they are bracing for more volatility.</p><p>The Nasdaq 100 Index has been hammered this year -- wiping out $1.8 trillion in value in April alone -- amid a tumultuous earnings season as investors fear an economic slowdown and ever-more aggressive expectations around the Fed’s rate-hike trajectory.</p><p>The tech-heavy benchmark has seen a close of at least 2% in either direction on about 47% of trading days this month, the highest percentage since March 2020, according to data compiled by Bloomberg.</p><p><img src=\"https://static.tigerbbs.com/a40c75e32e3e6f42230d0ba33842a741\" tg-width=\"973\" tg-height=\"569\" referrerpolicy=\"no-referrer\"/></p><p>The central bank’s next decision due on Wednesday is likely to make for another rollercoaster ride. It is expected to raise rates by 50 basis points at that meeting with nearly 200 basis points of further interest-rate hikes projected by the end of this year, according to data compiled by Bloomberg. Higher rates are especially negative for technology stocks that are valued on future growth expectations.</p><p>While a hike in the 50-basis point magnitude may be priced in by the market, the decision comes as investors continue to assess a multitude of earnings reports, including some big misses, forecast cuts and the drama around Elon Musk’s agreement to buy Twitter Inc., including his $4 billion saleof Tesla Inc. shares.</p><p>“Earnings season is always eventful and this one certainly has lived up to that, as investors are interested to see if companies can continue to maintain high profit levels through inflation,” said Matt Carvalho, chief investment officer of Cardinal Point Wealth who oversees about $1.2 billion in U.S. and Canadian stocks. “But without a doubt the biggest question on everyone’s mind is how this Federal Reserve rate tightening cycle will play out.”</p><p>Here’s a look at what’s next for tech stocks in charts.</p><p><img src=\"https://static.tigerbbs.com/af36703ca540ca595d874b4a86154c91\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>The selloff in the Nasdaq 100 this month has been so swift that at one point this week its blended forward 12-month estimated price-to-earnings ratio sank to less than 22, its lowest level in two years. Back in mid-March the benchmark nearly broke the same level before staging a strong two-week rally.</p><p>That discount may have lured dip buyers back. “Megacap tech valuations are very attractive at the moment, given how underlying growth fundamentals remain very strong,” said Pat Burton, who manages about $16 billion as a co-portfolio manager at Winslow Capital Management.</p><p>The tech-heavy gauge surged on Thursday in its best day in more than a month as opportunistic investors emerged to take advantage of lower valuations and as strong earnings reports from Meta Platforms Inc. and Qualcomm Inc. helped boost investor sentiment. Now, that rally is in jeopardy after Apple Inc. and Amazon.com Inc.’s quarterly results sparked a selloff in tech stocks in afterhours trading on Thursday. Futures contracts on the Nasdaq 100 fell as much as 2.1% on Friday.</p><p><img src=\"https://static.tigerbbs.com/bcd8c1a6d0dd7977c03a630e9046553a\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>Still, Wall Street is staying bullish on the group. While the index is set to close the month with a decline of more than 9% -- the first monthly drop of that magnitude since late 2008 -- analyst price targets have largely remained intact.</p><p>The benchmark’s 12-month potential return, which is calculated by aggregating the average price targets of index constituents, stands at about 28% above its close on Thursday. Hitting that mark would send the gauge to a fresh record high.</p><p>To be sure, the price-targets are unlikely to be fully reflecting the changes, both up and down, that result from quarterly earnings as it can sometimes take weeks for analysts to fully incorporate them into their models. Some of the Nasdaq 100’s largest members, including Alphabet Inc., Amazon, Meta and Netflix Inc., have already started to see price target cuts flow in following their earnings releases.</p><p><img src=\"https://static.tigerbbs.com/3ed046ffa1270d225e85aa124d1b1610\" tg-width=\"960\" tg-height=\"555\" referrerpolicy=\"no-referrer\"/></p><p>One group of stocks that could sway the sector have yet to report: pandemic darlings. Many stay-at-home stocks have tumbled from their Covid-driven highs, with Netflix showing they may still have room to fall if their results disappoint. Zoom Video Communications Inc., DocuSign Inc. and Peloton Interactive Inc. are some of the biggest losers since pandemic restrictions were lifted. The trio has yet to report results with some slated for next month.</p><p>All in all, tech investors still have a lot to worry about.</p><p>“While it is difficult to know how long the current turbulence for growth stocks will continue, inflation concerns and the prospect for rising interest rates are not going away any time soon,” said Jason Hollands, managing director of online investment platform Bestinvest.</p><p><b>Tech Chart of the Day</b></p><p><img src=\"https://static.tigerbbs.com/c93a7a2ad59842696fd1c24c2269933e\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>As investors head into next week, rate-hike expectations have only been building amid a selloff in tech stocks. The rout was exacerbated this month when traderspricedin big rate increases and after Federal Reserve Chair Jerome Powell blessed a half-point interest-rate hike next month and signaled support for further aggressive tightening to curb inflation.</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>Tech Stocks Lose $1.8 Trillion in a Month Thanks to Fed</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\">\nTech Stocks Lose $1.8 Trillion in a Month Thanks to Fed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-29 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-04-29/fed-casts-long-shadow-over-1-8-trillion-stock-rout-tech-watch?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nasdaq 100 Index posts worst start to the year since 2002Earnings, rate-hike expectations have made for volatile monthFor tech investors, it’s been the worst start to the year in two decades. And with...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-04-29/fed-casts-long-shadow-over-1-8-trillion-stock-rout-tech-watch?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊",".SPX":"S&P 500 Index","AAPL":"苹果","TSLA":"特斯拉","NFLX":"奈飞",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","MSFT":"微软","GOOGL":"谷歌A"},"source_url":"https://www.bloomberg.com/news/articles/2022-04-29/fed-casts-long-shadow-over-1-8-trillion-stock-rout-tech-watch?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114108370","content_text":"Nasdaq 100 Index posts worst start to the year since 2002Earnings, rate-hike expectations have made for volatile monthFor tech investors, it’s been the worst start to the year in two decades. And with another hike in the Federal Reserve’s interest rate seen next week, they are bracing for more volatility.The Nasdaq 100 Index has been hammered this year -- wiping out $1.8 trillion in value in April alone -- amid a tumultuous earnings season as investors fear an economic slowdown and ever-more aggressive expectations around the Fed’s rate-hike trajectory.The tech-heavy benchmark has seen a close of at least 2% in either direction on about 47% of trading days this month, the highest percentage since March 2020, according to data compiled by Bloomberg.The central bank’s next decision due on Wednesday is likely to make for another rollercoaster ride. It is expected to raise rates by 50 basis points at that meeting with nearly 200 basis points of further interest-rate hikes projected by the end of this year, according to data compiled by Bloomberg. Higher rates are especially negative for technology stocks that are valued on future growth expectations.While a hike in the 50-basis point magnitude may be priced in by the market, the decision comes as investors continue to assess a multitude of earnings reports, including some big misses, forecast cuts and the drama around Elon Musk’s agreement to buy Twitter Inc., including his $4 billion saleof Tesla Inc. shares.“Earnings season is always eventful and this one certainly has lived up to that, as investors are interested to see if companies can continue to maintain high profit levels through inflation,” said Matt Carvalho, chief investment officer of Cardinal Point Wealth who oversees about $1.2 billion in U.S. and Canadian stocks. “But without a doubt the biggest question on everyone’s mind is how this Federal Reserve rate tightening cycle will play out.”Here’s a look at what’s next for tech stocks in charts.The selloff in the Nasdaq 100 this month has been so swift that at one point this week its blended forward 12-month estimated price-to-earnings ratio sank to less than 22, its lowest level in two years. Back in mid-March the benchmark nearly broke the same level before staging a strong two-week rally.That discount may have lured dip buyers back. “Megacap tech valuations are very attractive at the moment, given how underlying growth fundamentals remain very strong,” said Pat Burton, who manages about $16 billion as a co-portfolio manager at Winslow Capital Management.The tech-heavy gauge surged on Thursday in its best day in more than a month as opportunistic investors emerged to take advantage of lower valuations and as strong earnings reports from Meta Platforms Inc. and Qualcomm Inc. helped boost investor sentiment. Now, that rally is in jeopardy after Apple Inc. and Amazon.com Inc.’s quarterly results sparked a selloff in tech stocks in afterhours trading on Thursday. Futures contracts on the Nasdaq 100 fell as much as 2.1% on Friday.Still, Wall Street is staying bullish on the group. While the index is set to close the month with a decline of more than 9% -- the first monthly drop of that magnitude since late 2008 -- analyst price targets have largely remained intact.The benchmark’s 12-month potential return, which is calculated by aggregating the average price targets of index constituents, stands at about 28% above its close on Thursday. Hitting that mark would send the gauge to a fresh record high.To be sure, the price-targets are unlikely to be fully reflecting the changes, both up and down, that result from quarterly earnings as it can sometimes take weeks for analysts to fully incorporate them into their models. Some of the Nasdaq 100’s largest members, including Alphabet Inc., Amazon, Meta and Netflix Inc., have already started to see price target cuts flow in following their earnings releases.One group of stocks that could sway the sector have yet to report: pandemic darlings. Many stay-at-home stocks have tumbled from their Covid-driven highs, with Netflix showing they may still have room to fall if their results disappoint. Zoom Video Communications Inc., DocuSign Inc. and Peloton Interactive Inc. are some of the biggest losers since pandemic restrictions were lifted. The trio has yet to report results with some slated for next month.All in all, tech investors still have a lot to worry about.“While it is difficult to know how long the current turbulence for growth stocks will continue, inflation concerns and the prospect for rising interest rates are not going away any time soon,” said Jason Hollands, managing director of online investment platform Bestinvest.Tech Chart of the DayAs investors head into next week, rate-hike expectations have only been building amid a selloff in tech stocks. The rout was exacerbated this month when traderspricedin big rate increases and after Federal Reserve Chair Jerome Powell blessed a half-point interest-rate hike next month and signaled support for further aggressive tightening to curb inflation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060821647,"gmtCreate":1651124523013,"gmtModify":1676534855168,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060821647","repostId":"1137317954","repostType":4,"repost":{"id":"1137317954","kind":"news","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":1651122764,"share":"https://ttm.financial/m/news/1137317954?lang=&edition=fundamental","pubTime":"2022-04-28 13:12","market":"us","language":"en","title":"Nokia's Quarterly Profit Beats on 5G Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1137317954","media":"Reuters","summary":"(Reuters) - Telecom equipment maker Nokia  reported stronger-than-expected quarterly operating profi","content":"<html><head></head><body><p>(Reuters) - Telecom equipment maker <a href=\"https://laohu8.com/S/NOK\">Nokia </a> reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints.</p><p>First-quarter comparable operating profit rose to 583 million euros ($613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by Refinitiv.</p><p>($1 = 0.9509 euros)</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>Nokia's Quarterly Profit Beats on 5G Demand</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\">\nNokia's Quarterly Profit Beats on 5G Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-28 13:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Telecom equipment maker <a href=\"https://laohu8.com/S/NOK\">Nokia </a> reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints.</p><p>First-quarter comparable operating profit rose to 583 million euros ($613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by Refinitiv.</p><p>($1 = 0.9509 euros)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137317954","content_text":"(Reuters) - Telecom equipment maker Nokia  reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints.First-quarter comparable operating profit rose to 583 million euros ($613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by Refinitiv.($1 = 0.9509 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060823374,"gmtCreate":1651124361948,"gmtModify":1676534855127,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060823374","repostId":"2230982884","repostType":4,"repost":{"id":"2230982884","kind":"highlight","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":1651100461,"share":"https://ttm.financial/m/news/2230982884?lang=&edition=fundamental","pubTime":"2022-04-28 07:01","market":"us","language":"en","title":"US STOCKS-S&P 500 Ends Higher, Supported By Microsoft","url":"https://stock-news.laohu8.com/highlight/detail?id=2230982884","media":"Reuters","summary":"Microsoft rallies on double-digit revenue growth forecastAlphabet falls after revenue misses expecta","content":"<html><head></head><body><ul><li>Microsoft rallies on double-digit revenue growth forecast</li><li>Alphabet falls after revenue misses expectations</li><li>Indexes: Dow +0.19%, S&amp;P 500 +0.21%, Nasdaq -0.01%</li></ul><p>(Reuters) - The S&amp;P 500 ended higher on Wednesday following a steep drop the day before, with strong revenue forecasts from <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> and <a href=\"https://laohu8.com/S/V\">Visa</a> helping to alleviate worries about slowing global economic growth and rising interest rates.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp </a> rallied after the software heavyweight late on Tuesday gave a strong revenue forecast, while payments network <a href=\"https://laohu8.com/S/V\">Visa Inc </a> jumped after it predicted revenue above pre-pandemic levels.</p><p>Tuesday&#39;s gains in the S&amp;P 500 and Dow Jones Industrial Average followed a steep selloff the day before that saw the Nasdaq drop to its lowest close since December 2020 as investors worried that the U.S. Federal Reserve might raise interest rates more than expected in its fight against inflation.</p><p>The S&amp;P 500 communication services index (.SPLRCL) fell 2.6%, with Google-parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet </a> dropping 3.7% after it reported that quarterly YouTube ad sales slowed and its revenue missed expectations.</p><p>&#34;What we&#39;ve really been seeing is that misses are being punished a little more severely, but that beats are also being rewarded,&#34; said Rob Haworth, a senior investment strategist at U.S. Bank Wealth Management in Seattle. &#34;With interest rates where they are and the 10-year Treasury testing 2.8%, I think there is a big question about growth and valuations.&#34;</p><p>In extended trade, Facebook-owner <a href=\"https://laohu8.com/S/FB\">Meta Platforms Inc </a> rose 18% following its quarterly report. During the trading session it had declined 3.3%.</p><p>Planemaker <a href=\"https://laohu8.com/S/BA\">Boeing Co </a> tumbled 7.5% after it said it was halting production of 777X jets through 2023 due to certification problems, as well as weak demand for the wide-body jet.</p><p>Nearly a third of the companies on the S&amp;P 500 have reported results this week. Overall, earnings have been better than expected, with nearly 80% of the 176 companies in the S&amp;P 500 that have reported so far beating Wall Street expectations. Typically, only 66% of companies beat estimates.</p><p>The Dow Jones Industrial Average (.DJI) rose 0.19% to end at 33,301.93 points, while the S&amp;P 500 (.SPX) gained 0.21% to 4,183.92.</p><p>The Nasdaq Composite (.IXIC) dropped 0.01% to 12,488.93.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc </a> recovered 0.6% following a 12% slump on Tuesday related to concerns that Chief Executive Elon Musk may have to sell shares to fund his $44 billion buyout of <a href=\"https://laohu8.com/S/TWTR\">Twitter Inc </a>.</p><p>Toymaker <a href=\"https://laohu8.com/S/MAT\">Mattel Inc </a> surged almost 11% after a source told Reuters it was exploring a sale.</p><p>Audio streaming platform Spotify Technology SA&#39;s U.S.-listed shares (SPOT.N) tumbled more than 12% following a downbeat current-quarter revenue forecast.</p><p>Volume on U.S. exchanges was 12.1 billion shares, compared with a 11.7 billion average over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.26-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 64 new lows; the Nasdaq Composite recorded 25 new highs and 724 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500 Ends Higher, Supported By Microsoft</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500 Ends Higher, Supported By Microsoft\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-28 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Microsoft rallies on double-digit revenue growth forecast</li><li>Alphabet falls after revenue misses expectations</li><li>Indexes: Dow +0.19%, S&amp;P 500 +0.21%, Nasdaq -0.01%</li></ul><p>(Reuters) - The S&amp;P 500 ended higher on Wednesday following a steep drop the day before, with strong revenue forecasts from <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> and <a href=\"https://laohu8.com/S/V\">Visa</a> helping to alleviate worries about slowing global economic growth and rising interest rates.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp </a> rallied after the software heavyweight late on Tuesday gave a strong revenue forecast, while payments network <a href=\"https://laohu8.com/S/V\">Visa Inc </a> jumped after it predicted revenue above pre-pandemic levels.</p><p>Tuesday&#39;s gains in the S&amp;P 500 and Dow Jones Industrial Average followed a steep selloff the day before that saw the Nasdaq drop to its lowest close since December 2020 as investors worried that the U.S. Federal Reserve might raise interest rates more than expected in its fight against inflation.</p><p>The S&amp;P 500 communication services index (.SPLRCL) fell 2.6%, with Google-parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet </a> dropping 3.7% after it reported that quarterly YouTube ad sales slowed and its revenue missed expectations.</p><p>&#34;What we&#39;ve really been seeing is that misses are being punished a little more severely, but that beats are also being rewarded,&#34; said Rob Haworth, a senior investment strategist at U.S. Bank Wealth Management in Seattle. &#34;With interest rates where they are and the 10-year Treasury testing 2.8%, I think there is a big question about growth and valuations.&#34;</p><p>In extended trade, Facebook-owner <a href=\"https://laohu8.com/S/FB\">Meta Platforms Inc </a> rose 18% following its quarterly report. During the trading session it had declined 3.3%.</p><p>Planemaker <a href=\"https://laohu8.com/S/BA\">Boeing Co </a> tumbled 7.5% after it said it was halting production of 777X jets through 2023 due to certification problems, as well as weak demand for the wide-body jet.</p><p>Nearly a third of the companies on the S&amp;P 500 have reported results this week. Overall, earnings have been better than expected, with nearly 80% of the 176 companies in the S&amp;P 500 that have reported so far beating Wall Street expectations. Typically, only 66% of companies beat estimates.</p><p>The Dow Jones Industrial Average (.DJI) rose 0.19% to end at 33,301.93 points, while the S&amp;P 500 (.SPX) gained 0.21% to 4,183.92.</p><p>The Nasdaq Composite (.IXIC) dropped 0.01% to 12,488.93.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc </a> recovered 0.6% following a 12% slump on Tuesday related to concerns that Chief Executive Elon Musk may have to sell shares to fund his $44 billion buyout of <a href=\"https://laohu8.com/S/TWTR\">Twitter Inc </a>.</p><p>Toymaker <a href=\"https://laohu8.com/S/MAT\">Mattel Inc </a> surged almost 11% after a source told Reuters it was exploring a sale.</p><p>Audio streaming platform Spotify Technology SA&#39;s U.S.-listed shares (SPOT.N) tumbled more than 12% following a downbeat current-quarter revenue forecast.</p><p>Volume on U.S. exchanges was 12.1 billion shares, compared with a 11.7 billion average over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.26-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 64 new lows; the Nasdaq Composite recorded 25 new highs and 724 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4503":"景林资产持仓",".DJI":"道琼斯","V":"Visa","SH":"标普500反向ETF",".IXIC":"NASDAQ Composite","BK4097":"系统软件",".SPX":"S&P 500 Index","OEX":"标普100","BK4581":"高盛持仓","BK4504":"桥水持仓","SDS":"两倍做空标普500ETF","BK4548":"巴美列捷福持仓","SPY":"标普500ETF","SPOT":"Spotify Technology S.A.","BK4516":"特朗普概念","BK4528":"SaaS概念","OEF":"标普100指数ETF-iShares","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","MSFT":"微软","SPXU":"三倍做空标普500ETF","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4576":"AR","SSO":"两倍做多标普500ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4525":"远程办公概念","IVV":"标普500指数ETF","BK4535":"淡马锡持仓","BK4577":"网络游戏","BK4538":"云计算","BK4559":"巴菲特持仓","UPRO":"三倍做多标普500ETF","BK4527":"明星科技股","BK4579":"人工智能","BK4550":"红杉资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2230982884","content_text":"Microsoft rallies on double-digit revenue growth forecastAlphabet falls after revenue misses expectationsIndexes: Dow +0.19%, S&P 500 +0.21%, Nasdaq -0.01%(Reuters) - The S&P 500 ended higher on Wednesday following a steep drop the day before, with strong revenue forecasts from Microsoft and Visa helping to alleviate worries about slowing global economic growth and rising interest rates.Microsoft Corp  rallied after the software heavyweight late on Tuesday gave a strong revenue forecast, while payments network Visa Inc  jumped after it predicted revenue above pre-pandemic levels.Tuesday's gains in the S&P 500 and Dow Jones Industrial Average followed a steep selloff the day before that saw the Nasdaq drop to its lowest close since December 2020 as investors worried that the U.S. Federal Reserve might raise interest rates more than expected in its fight against inflation.The S&P 500 communication services index (.SPLRCL) fell 2.6%, with Google-parent Alphabet  dropping 3.7% after it reported that quarterly YouTube ad sales slowed and its revenue missed expectations.\"What we've really been seeing is that misses are being punished a little more severely, but that beats are also being rewarded,\" said Rob Haworth, a senior investment strategist at U.S. Bank Wealth Management in Seattle. \"With interest rates where they are and the 10-year Treasury testing 2.8%, I think there is a big question about growth and valuations.\"In extended trade, Facebook-owner Meta Platforms Inc  rose 18% following its quarterly report. During the trading session it had declined 3.3%.Planemaker Boeing Co  tumbled 7.5% after it said it was halting production of 777X jets through 2023 due to certification problems, as well as weak demand for the wide-body jet.Nearly a third of the companies on the S&P 500 have reported results this week. Overall, earnings have been better than expected, with nearly 80% of the 176 companies in the S&P 500 that have reported so far beating Wall Street expectations. Typically, only 66% of companies beat estimates.The Dow Jones Industrial Average (.DJI) rose 0.19% to end at 33,301.93 points, while the S&P 500 (.SPX) gained 0.21% to 4,183.92.The Nasdaq Composite (.IXIC) dropped 0.01% to 12,488.93.Tesla Inc  recovered 0.6% following a 12% slump on Tuesday related to concerns that Chief Executive Elon Musk may have to sell shares to fund his $44 billion buyout of Twitter Inc .Toymaker Mattel Inc  surged almost 11% after a source told Reuters it was exploring a sale.Audio streaming platform Spotify Technology SA's U.S.-listed shares (SPOT.N) tumbled more than 12% following a downbeat current-quarter revenue forecast.Volume on U.S. exchanges was 12.1 billion shares, compared with a 11.7 billion average over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.26-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.The S&P 500 posted 3 new 52-week highs and 64 new lows; the Nasdaq Composite recorded 25 new highs and 724 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9087930245,"gmtCreate":1650937726802,"gmtModify":1676534819600,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9087930245","repostId":"2230121904","repostType":4,"repost":{"id":"2230121904","kind":"highlight","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":1650918632,"share":"https://ttm.financial/m/news/2230121904?lang=&edition=fundamental","pubTime":"2022-04-26 04:30","market":"us","language":"en","title":"US STOCKS-Nasdaq Ends Sharply Higher After Twitter Agrees to Be Bought By Musk","url":"https://stock-news.laohu8.com/highlight/detail?id=2230121904","media":"Reuters","summary":"\"The Dow Jones Industrial Average  rose 0.7% to end at 34,049.46 points, while the S&P 500  gained 0.57% to 4,296.12.The Nasdaq Composite  climbed 1.29% to 13,004.85.The CBOE Volatility index , known as Wall Street's fear gauge, hit as high as 31.6 points, its highest level since mid-March.Bleak results from pandemic darling $Netflix $ along with surging bond yields pummeled high-growth stocks last week, bringing year-to-date losses in the tech-heavy Nasdaq  to about 18%.Traders are pricing in b","content":"<html><head></head><body><p>(Reuters) - Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks.</p><p><a href=\"https://laohu8.com/S/TWTR\">Twitter </a> ended up 5.6% after announcing it would be bought by Musk in a deal that will shift control of the social media giant to the world&#39;s richest person. read more</p><p>The S&amp;P 500 traded in negative territory for much of the session but extended gains after Twitter&#39;s announcement. The S&amp;P 500 growth index (.IGX) ended up over 1%, also bouncing back from an earlier decline.</p><p>&#34;You can tell growth wanted to rally all day but the market was holding it down. The Twitter news came and that was just a green light to start buying some of the growth names. They have been oversold for a while,&#34; said Dennis Dick, a trader at Bright Trading LLC.</p><p>Earlier, uncertainty reverberated across world markets, with Chinese shares marking their biggest slump since a pandemic-led selling in February 2020 and European stocks falling to their lowest in over a month on fears of strict restrictions in China.</p><p>The S&amp;P energy index (.SPNY) dropped 3.3% as Brent crude prices dropped almost 5% toward $100 a barrel.</p><p>Oil majors <a href=\"https://laohu8.com/S/CVX\">Chevron Corp</a> and <a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a> declined more than 2%, and oilfield services companies <a href=\"https://laohu8.com/S/SLB\">Schlumberger NV </a> and Halliburton Co (HAL.N) also fell more than 6%.</p><p>Google-owner <a href=\"https://laohu8.com/S/GOOGL\">Alphabet </a> rallied 2.9% ahead of its quarterly report after the bell on Tuesday. <a href=\"https://laohu8.com/S/MSFT\">Microsoft </a> and Facebook owner <a href=\"https://laohu8.com/S/FB\">Meta Platforms </a> also gained.</p><p>Nearly a third of S&amp;P 500 index firms are due to report this week. Of the 102 companies in the S&amp;P 500 that posted earnings so far, 77.5% reported above analysts&#39; expectations, according to Refinitiv data.</p><p>&#34;Earnings are going to be crucial to the mindset of the of the average investor. The playbook was buy Apple, buy Netflix, buy Google and throw away the key, but that playbook is no longer working,&#34; said Jake Dollarhide, chief executive officer at Longbow Asset Management. &#34;What is the outlook for these companies going to be?&#34;</p><p>The Dow Jones Industrial Average (.DJI) rose 0.7% to end at 34,049.46 points, while the S&amp;P 500 (.SPX) gained 0.57% to 4,296.12.</p><p>The Nasdaq Composite (.IXIC) climbed 1.29% to 13,004.85.</p><p>The CBOE Volatility index (.VIX), known as Wall Street&#39;s fear gauge, hit as high as 31.6 points, its highest level since mid-March.</p><p>Bleak results from pandemic darling <a href=\"https://laohu8.com/S/NFLX\">Netflix </a> along with surging bond yields pummeled high-growth stocks last week, bringing year-to-date losses in the tech-heavy Nasdaq (.IXIC) to about 18%.</p><p>Traders are pricing in big moves by the Fed this year to control inflation after a series of hawkish remarks from policymakers. Fed Chair Jerome Powell last week gave a &#34;go&#34; sign to a half-point rate hike in May and signaled he would be open to &#34;front-end loading&#34; the U.S. central bank&#39;s retreat from super-easy monetary policy. read more</p><p>Silicon Motion Technology Corp jumped almost 13%after a report that the chipmaker is exploring a sale.</p><p>Volume on U.S. exchanges was 12.8 billion shares, compared with the 12.7 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.21-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 50 new lows; the Nasdaq Composite recorded 26 new highs and 493 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Nasdaq Ends Sharply Higher After Twitter Agrees to Be Bought By Musk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Nasdaq Ends Sharply Higher After Twitter Agrees to Be Bought By Musk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-26 04:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks.</p><p><a href=\"https://laohu8.com/S/TWTR\">Twitter </a> ended up 5.6% after announcing it would be bought by Musk in a deal that will shift control of the social media giant to the world&#39;s richest person. read more</p><p>The S&amp;P 500 traded in negative territory for much of the session but extended gains after Twitter&#39;s announcement. The S&amp;P 500 growth index (.IGX) ended up over 1%, also bouncing back from an earlier decline.</p><p>&#34;You can tell growth wanted to rally all day but the market was holding it down. The Twitter news came and that was just a green light to start buying some of the growth names. They have been oversold for a while,&#34; said Dennis Dick, a trader at Bright Trading LLC.</p><p>Earlier, uncertainty reverberated across world markets, with Chinese shares marking their biggest slump since a pandemic-led selling in February 2020 and European stocks falling to their lowest in over a month on fears of strict restrictions in China.</p><p>The S&amp;P energy index (.SPNY) dropped 3.3% as Brent crude prices dropped almost 5% toward $100 a barrel.</p><p>Oil majors <a href=\"https://laohu8.com/S/CVX\">Chevron Corp</a> and <a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a> declined more than 2%, and oilfield services companies <a href=\"https://laohu8.com/S/SLB\">Schlumberger NV </a> and Halliburton Co (HAL.N) also fell more than 6%.</p><p>Google-owner <a href=\"https://laohu8.com/S/GOOGL\">Alphabet </a> rallied 2.9% ahead of its quarterly report after the bell on Tuesday. <a href=\"https://laohu8.com/S/MSFT\">Microsoft </a> and Facebook owner <a href=\"https://laohu8.com/S/FB\">Meta Platforms </a> also gained.</p><p>Nearly a third of S&amp;P 500 index firms are due to report this week. Of the 102 companies in the S&amp;P 500 that posted earnings so far, 77.5% reported above analysts&#39; expectations, according to Refinitiv data.</p><p>&#34;Earnings are going to be crucial to the mindset of the of the average investor. The playbook was buy Apple, buy Netflix, buy Google and throw away the key, but that playbook is no longer working,&#34; said Jake Dollarhide, chief executive officer at Longbow Asset Management. &#34;What is the outlook for these companies going to be?&#34;</p><p>The Dow Jones Industrial Average (.DJI) rose 0.7% to end at 34,049.46 points, while the S&amp;P 500 (.SPX) gained 0.57% to 4,296.12.</p><p>The Nasdaq Composite (.IXIC) climbed 1.29% to 13,004.85.</p><p>The CBOE Volatility index (.VIX), known as Wall Street&#39;s fear gauge, hit as high as 31.6 points, its highest level since mid-March.</p><p>Bleak results from pandemic darling <a href=\"https://laohu8.com/S/NFLX\">Netflix </a> along with surging bond yields pummeled high-growth stocks last week, bringing year-to-date losses in the tech-heavy Nasdaq (.IXIC) to about 18%.</p><p>Traders are pricing in big moves by the Fed this year to control inflation after a series of hawkish remarks from policymakers. Fed Chair Jerome Powell last week gave a &#34;go&#34; sign to a half-point rate hike in May and signaled he would be open to &#34;front-end loading&#34; the U.S. central bank&#39;s retreat from super-easy monetary policy. read more</p><p>Silicon Motion Technology Corp jumped almost 13%after a report that the chipmaker is exploring a sale.</p><p>Volume on U.S. exchanges was 12.8 billion shares, compared with the 12.7 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.21-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 50 new lows; the Nasdaq Composite recorded 26 new highs and 493 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","BK4527":"明星科技股",".DJI":"道琼斯","BK4550":"红杉资本持仓",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","BK4551":"寇图资本持仓","BK4574":"无人驾驶","NFLX":"奈飞","BK4581":"高盛持仓","BK4099":"汽车制造商","CVX":"雪佛龙","BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓","TSLA":"特斯拉","MSFT":"微软","XOM":"埃克森美孚","SLB":"斯伦贝谢","BK4534":"瑞士信贷持仓","AAPL":"苹果","HAL":"哈里伯顿","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","GOOGL":"谷歌A"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2230121904","content_text":"(Reuters) - Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks.Twitter  ended up 5.6% after announcing it would be bought by Musk in a deal that will shift control of the social media giant to the world's richest person. read moreThe S&P 500 traded in negative territory for much of the session but extended gains after Twitter's announcement. The S&P 500 growth index (.IGX) ended up over 1%, also bouncing back from an earlier decline.\"You can tell growth wanted to rally all day but the market was holding it down. The Twitter news came and that was just a green light to start buying some of the growth names. They have been oversold for a while,\" said Dennis Dick, a trader at Bright Trading LLC.Earlier, uncertainty reverberated across world markets, with Chinese shares marking their biggest slump since a pandemic-led selling in February 2020 and European stocks falling to their lowest in over a month on fears of strict restrictions in China.The S&P energy index (.SPNY) dropped 3.3% as Brent crude prices dropped almost 5% toward $100 a barrel.Oil majors Chevron Corp and ExxonMobil declined more than 2%, and oilfield services companies Schlumberger NV  and Halliburton Co (HAL.N) also fell more than 6%.Google-owner Alphabet  rallied 2.9% ahead of its quarterly report after the bell on Tuesday. Microsoft  and Facebook owner Meta Platforms  also gained.Nearly a third of S&P 500 index firms are due to report this week. Of the 102 companies in the S&P 500 that posted earnings so far, 77.5% reported above analysts' expectations, according to Refinitiv data.\"Earnings are going to be crucial to the mindset of the of the average investor. The playbook was buy Apple, buy Netflix, buy Google and throw away the key, but that playbook is no longer working,\" said Jake Dollarhide, chief executive officer at Longbow Asset Management. \"What is the outlook for these companies going to be?\"The Dow Jones Industrial Average (.DJI) rose 0.7% to end at 34,049.46 points, while the S&P 500 (.SPX) gained 0.57% to 4,296.12.The Nasdaq Composite (.IXIC) climbed 1.29% to 13,004.85.The CBOE Volatility index (.VIX), known as Wall Street's fear gauge, hit as high as 31.6 points, its highest level since mid-March.Bleak results from pandemic darling Netflix  along with surging bond yields pummeled high-growth stocks last week, bringing year-to-date losses in the tech-heavy Nasdaq (.IXIC) to about 18%.Traders are pricing in big moves by the Fed this year to control inflation after a series of hawkish remarks from policymakers. Fed Chair Jerome Powell last week gave a \"go\" sign to a half-point rate hike in May and signaled he would be open to \"front-end loading\" the U.S. central bank's retreat from super-easy monetary policy. read moreSilicon Motion Technology Corp jumped almost 13%after a report that the chipmaker is exploring a sale.Volume on U.S. exchanges was 12.8 billion shares, compared with the 12.7 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.21-to-1 ratio favored advancers.The S&P 500 posted 2 new 52-week highs and 50 new lows; the Nasdaq Composite recorded 26 new highs and 493 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084433203,"gmtCreate":1650898791118,"gmtModify":1676534811675,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084433203","repostId":"1174043711","repostType":4,"repost":{"id":"1174043711","kind":"news","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":1650895942,"share":"https://ttm.financial/m/news/1174043711?lang=&edition=fundamental","pubTime":"2022-04-25 22:12","market":"us","language":"en","title":"Metaverse Play Unity Software Stock Gained 3% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1174043711","media":"Tiger Newspress","summary":"Metaverse play Unity Software stock gained 3% in morning trading.","content":"<html><head></head><body><p>Metaverse play Unity Software stock gained 3% in morning trading.</p><p><img src=\"https://static.tigerbbs.com/0bd975d09d40ec768719b7e02800fc7a\" tg-width=\"840\" tg-height=\"616\" 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>Metaverse Play Unity Software Stock Gained 3% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMetaverse Play Unity Software Stock Gained 3% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-25 22:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Metaverse play Unity Software stock gained 3% in morning trading.</p><p><img src=\"https://static.tigerbbs.com/0bd975d09d40ec768719b7e02800fc7a\" tg-width=\"840\" tg-height=\"616\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U":"Unity Software Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174043711","content_text":"Metaverse play Unity Software stock gained 3% in morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085513884,"gmtCreate":1650725783881,"gmtModify":1676534782966,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085513884","repostId":"2229678171","repostType":4,"repost":{"id":"2229678171","kind":"highlight","pubTimestamp":1650676500,"share":"https://ttm.financial/m/news/2229678171?lang=&edition=fundamental","pubTime":"2022-04-23 09:15","market":"us","language":"en","title":"Apple Is the Last FAANG Standing","url":"https://stock-news.laohu8.com/highlight/detail?id=2229678171","media":"Barrons","summary":"Apple is the last FAANG standing -- and its earnings report this coming week could go a long way tow","content":"<html><head></head><body><p>Apple is the last FAANG standing -- and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further.</p><p>As bad as this year has been for the stock market, it&#39;s been even worse for the original FAANGs. While the S&amp;P 500 has fallen 10.4% in 2022, Facebook parent Meta Platforms (ticker: FB) has slumped 45.3%, Amazon.com has dropped 13.4%, Netflix has tumbled 64.2%, and Google parent Alphabet has fallen 17.4%.</p><p>The expanded FAANMGs haven&#39;t done much better, with Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> falling 18.5%, and only Apple -- down 8.9% in 2022 -- outperforming the S&amp;P 500.</p><p>To say this is bad news for the stock market is an understatement. In every year since 2014, those six stocks have added more to the S&amp;P 500&#39;s returns than their weight in the index would imply, according to Bespoke Investment Group data. They&#39;ve also contributed more to the market&#39;s gains than the rest of the stock market combined in three out of those eight years.</p><p>That&#39;s changed in 2022, with Meta, Amazon, Netflix, Microsoft, Apple, and Alphabet accounting for 3.9%, or about half, of the S&amp;P 500&#39;s 7.8% decline through Thursday&#39;s close. &#34;For years, a select group of megacap stocks propped up the market at large with huge outperformance and rising weightings,&#34; writes Bespoke&#39;s George Pearkes. &#34;In 2022, though, those same stocks are now a major index drag.&#34;</p><p>Five of those six stocks will get a chance to prove that the market has been too pessimistic when they report earnings this coming week. Alphabet is scheduled to report after the close on Tuesday, as is Microsoft, followed by Meta on Wednesday afternoon, then Apple and Amazon after Thursday&#39;s close. Netflix, of course, already whiffed on earnings, causing the stock to drop 37% this past week. The less said about Meta, the better.</p><p>Don&#39;t expect great things from Microsoft, Amazon, and Alphabet. The three are trading below their 40-week moving averages, suggesting that there is more downside ahead, writes John Roque, head of technical strategy at 22V Research. &#34;The charts continue to tell us they&#39;re going to move sharply lower and...investors [aren&#39;t] particularly prepared for that to happen,&#34; explains Roque, who sees Alphabet and Amazon hitting $2,000, with Microsoft potentially falling to $225.</p><p>That leaves the market&#39;s hopes resting on Apple, the largest of the tech giants. Unlike the rest of Big Tech, Apple stock is still trading above its 40-week moving average, notes Roque, while Mark Newton, head of technical strategy at Fundstrat Global Advisors, also noted Apple&#39;s relative strength -- and the impact it has on the stock market and on the Invesco QQQ exchange-traded fund (QQQ).</p><p>Fundamental analysts, too, are generally bullish on Apple. The company is expected to report a fiscal-second-quarter profit of $1.43 a share, up 2.1% from $1.40 one year earlier, on sales of $94.1 billion, up 5% from $89.6 billion. Many analysts believe it will be able to surpass those numbers despite numerous headwinds, including supply-chain issues and shutdowns in China.</p><p>Strong growth in Apple&#39;s very profitable services business should also help alleviate concerns, writes Deutsche Bank analyst Sidney Ho: &#34;We believe AAPL stock is a good hiding place in this volatile market.&#34;</p><p>Investors better hope so. Without Apple, the market&#39;s slide will only get worse.</p></body></html>","source":"lsy1601382232898","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 the Last FAANG Standing</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 the Last FAANG Standing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-23 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/apple-stock-aapl-faang-51650670596?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple is the last FAANG standing -- and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further.As bad as this year has been...</p>\n\n<a href=\"https://www.barrons.com/articles/apple-stock-aapl-faang-51650670596?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":{"BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","GOOG":"谷歌","BK4553":"喜马拉雅资本持仓","GOOGL":"谷歌A","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4501":"段永平概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4579":"人工智能","BK4550":"红杉资本持仓","NFLX":"奈飞","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/apple-stock-aapl-faang-51650670596?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229678171","content_text":"Apple is the last FAANG standing -- and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further.As bad as this year has been for the stock market, it's been even worse for the original FAANGs. While the S&P 500 has fallen 10.4% in 2022, Facebook parent Meta Platforms (ticker: FB) has slumped 45.3%, Amazon.com has dropped 13.4%, Netflix has tumbled 64.2%, and Google parent Alphabet has fallen 17.4%.The expanded FAANMGs haven't done much better, with Microsoft $(MSFT)$ falling 18.5%, and only Apple -- down 8.9% in 2022 -- outperforming the S&P 500.To say this is bad news for the stock market is an understatement. In every year since 2014, those six stocks have added more to the S&P 500's returns than their weight in the index would imply, according to Bespoke Investment Group data. They've also contributed more to the market's gains than the rest of the stock market combined in three out of those eight years.That's changed in 2022, with Meta, Amazon, Netflix, Microsoft, Apple, and Alphabet accounting for 3.9%, or about half, of the S&P 500's 7.8% decline through Thursday's close. \"For years, a select group of megacap stocks propped up the market at large with huge outperformance and rising weightings,\" writes Bespoke's George Pearkes. \"In 2022, though, those same stocks are now a major index drag.\"Five of those six stocks will get a chance to prove that the market has been too pessimistic when they report earnings this coming week. Alphabet is scheduled to report after the close on Tuesday, as is Microsoft, followed by Meta on Wednesday afternoon, then Apple and Amazon after Thursday's close. Netflix, of course, already whiffed on earnings, causing the stock to drop 37% this past week. The less said about Meta, the better.Don't expect great things from Microsoft, Amazon, and Alphabet. The three are trading below their 40-week moving averages, suggesting that there is more downside ahead, writes John Roque, head of technical strategy at 22V Research. \"The charts continue to tell us they're going to move sharply lower and...investors [aren't] particularly prepared for that to happen,\" explains Roque, who sees Alphabet and Amazon hitting $2,000, with Microsoft potentially falling to $225.That leaves the market's hopes resting on Apple, the largest of the tech giants. Unlike the rest of Big Tech, Apple stock is still trading above its 40-week moving average, notes Roque, while Mark Newton, head of technical strategy at Fundstrat Global Advisors, also noted Apple's relative strength -- and the impact it has on the stock market and on the Invesco QQQ exchange-traded fund (QQQ).Fundamental analysts, too, are generally bullish on Apple. The company is expected to report a fiscal-second-quarter profit of $1.43 a share, up 2.1% from $1.40 one year earlier, on sales of $94.1 billion, up 5% from $89.6 billion. Many analysts believe it will be able to surpass those numbers despite numerous headwinds, including supply-chain issues and shutdowns in China.Strong growth in Apple's very profitable services business should also help alleviate concerns, writes Deutsche Bank analyst Sidney Ho: \"We believe AAPL stock is a good hiding place in this volatile market.\"Investors better hope so. Without Apple, the market's slide will only get worse.","news_type":1},"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086247133,"gmtCreate":1650465289428,"gmtModify":1676534730131,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.","listText":"Thanks.","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086247133","repostId":"1183146871","repostType":4,"repost":{"id":"1183146871","kind":"news","pubTimestamp":1650451945,"share":"https://ttm.financial/m/news/1183146871?lang=&edition=fundamental","pubTime":"2022-04-20 18:52","market":"us","language":"en","title":"CrowdStrike: Striking the Right Note Amid a Solid Demand Backdrop","url":"https://stock-news.laohu8.com/highlight/detail?id=1183146871","media":"TipRanks","summary":"Shares of cybersecurity firm CrowdStrike (NASDAQ: CRWD) have risen 11.7% year-to-date and have outpe","content":"<div>\n<p>Shares of cybersecurity firm CrowdStrike (NASDAQ: CRWD) have risen 11.7% year-to-date and have outperformed the broader market.Through its cloud-native Falcon platform, CrowdStrike offers products and...</p>\n\n<a href=\"https://www.tipranks.com/news/article/crowdstrike-striking-the-right-note-amid-a-solid-demand-backdrop/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CrowdStrike: Striking the Right Note Amid a Solid Demand Backdrop</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\">\nCrowdStrike: Striking the Right Note Amid a Solid Demand Backdrop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-20 18:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/crowdstrike-striking-the-right-note-amid-a-solid-demand-backdrop/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of cybersecurity firm CrowdStrike (NASDAQ: CRWD) have risen 11.7% year-to-date and have outperformed the broader market.Through its cloud-native Falcon platform, CrowdStrike offers products and...</p>\n\n<a href=\"https://www.tipranks.com/news/article/crowdstrike-striking-the-right-note-amid-a-solid-demand-backdrop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc."},"source_url":"https://www.tipranks.com/news/article/crowdstrike-striking-the-right-note-amid-a-solid-demand-backdrop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183146871","content_text":"Shares of cybersecurity firm CrowdStrike (NASDAQ: CRWD) have risen 11.7% year-to-date and have outperformed the broader market.Through its cloud-native Falcon platform, CrowdStrike offers products and solutions for the protection of endpoints, cloud workloads, identity, and data.CrowdStrike is growing rapidly backed by the huge demand for cybersecurity amid an increase in ransomware and other cyber attacks. Also, concerns over the hacking of government organizations and large corporations have increased amid the ongoing Russia-Ukraine conflict.Impressive GrowthCrowdStrike’s FY22 (ended January 31, 2022) revenue increased 66% to $1.45 billion, with subscription revenue rising 69%. Annual recurring revenue (ARR) rose 65% to $1.73 billion, and the company ended FY22 with 16,325 subscription customers (also up 65%). Adjusted EPS surged 148% to $0.67 in FY22.Further, the company is experiencing higher acceptance of its products among customers. As of FY22 end, the proportion of subscription customers who adopted four or more modules grew to 69% from 63% at FY21 end.Looking ahead, CrowdStrike expects FY23 revenue between $2.133 billion-$2.163 billion and adjusted EPS in the range of $1.03-$1.13.Wall Street’s TakeIn a research note to investors, Goldman Sachs analyst Brian Essex highlighted that with its strong execution, CrowdStrike has delivered continued improvements to its fundamentals amid an unprecedented demand backdrop.Essex feels that the company is “well positioned in the sweet spot of demand ahead of accelerating deterioration of the threat environment with Endpoint expected to remain a top CIO priority within Security.”Essex upgraded CrowdStrike to a Buy from a Hold, citing a compelling valuation, solid secular demand trends, and a robust outlook. Essex raised the price target for CRWD stock to $285 from $241.This week, Jefferies analyst Joseph Gallo initiated coverage of CrowdStrike with a Buy rating and a price target of $275.Gallo believes that the company is a “category winner” given its high enterprise renewal rates, solid gross margin, and an addressable market capable of sustaining hypergrowth for years.Overall, CrowdStrike scores a Strong Buy consensus rating based on 19 Buys and one Hold. The average CrowdStrike price target of $276 implies 20.70% upside potential from current levels.ConclusionCrowdStrike’s strong execution will help it capture additional business in the cybersecurity space. The company now sees a potential total addressable market of $116 billion by 2025 as more companies are embracing digital transformation, and the risks of cyber attacks are increasing at an alarming pace.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086244091,"gmtCreate":1650465197284,"gmtModify":1676534730105,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.","listText":"Thanks.","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086244091","repostId":"2228947367","repostType":4,"repost":{"id":"2228947367","kind":"highlight","pubTimestamp":1650452424,"share":"https://ttm.financial/m/news/2228947367?lang=&edition=fundamental","pubTime":"2022-04-20 19:00","market":"us","language":"en","title":"2 Companies That Could Be Worth $1 Trillion by 2030","url":"https://stock-news.laohu8.com/highlight/detail?id=2228947367","media":"Motley Fool","summary":"Fast-growing companies with large addressable markets make good candidates for the $1 trillion mark.","content":"<html><head></head><body><p>Not long ago, $1 trillion seemed like a near-impossible milestone for a publicly traded company.</p><p>As recently as 2018, there were no American companies worth $1 trillion. Today, there are five -- <b>Apple</b>, <b>Microsoft</b>, <b>Amazon</b>, <b>Alphabet</b>, and <b>Tesla</b> -- with the iPhone-maker leading the pack at a market cap of $2.8 trillion. Not long ago, there was a sixth trillion-dollar company, but Facebook-parent <b><a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>&#39; </b>recent collapse has shaved its market value down to less than $600 billion.</p><p>There&#39;s no doubt that there will be more $1 trillion companies in the future, and some like Warren Buffett&#39;s <b>Berkshire Hathaway </b>are already knocking on the door. Keep reading to see why <b>Airbnb</b> and <b>Paypal</b> could also hit the 13-digit mark by the end of the decade.</p><h2>1. Airbnb</h2><p>Airbnb has disrupted the travel industry, making everyone&#39;s home into a potential hotel. The concept might have once seemed edgy, but it&#39;s gone mainstream in only a few years.</p><p>While Airbnb has competitors that also offer home-sharing like VRBO, the company&#39;s brand is synonymous with the business, and it&#39;s also different from many of its competitors because its accommodations are largely from individual hosts rather than professional short-term rental companies.</p><p>In order to reach a $1 trillion market cap, a company needs a large addressable market, and there&#39;s no question Airbnb has that. In its prospectus ahead of its IPO, the company estimated a $3.4 trillion addressable market between accommodations and experiences. Airbnb isn&#39;t going to kill the hotel industry, but market share in lodging is shifting steadily from traditional to apartments and home-sharing accommodations. The pandemic also added to Airbnb&#39;s advantage over hotels, as it can offer places to stay anywhere in the world, while traditional hotels tend to be clustered in downtowns, tourist areas, and airports, all of which have struggled over the last two years. Meanwhile, the rise of remote work should help fuel Airbnb&#39;s growth as well.</p><p>Airbnb is currently trading at a lofty valuation, but the company could grow its revenue by 20% annually over the next decade. That would give it $37 billion in revenue in a decade. That alone won&#39;t be enough to get the company to a $1 trillion valuation, but its margins are also ramping up quickly as its business model is scalable. Airbnb&#39;s EBITDA margin in 2021 was 26.7%. If that improves to 40% in ten years, the company would have $15 billion in EBITDA, meaning a $1 trillion valuation would price it at 67 times EBITDA. That&#39;s well within the company&#39;s reach if it executes on its vision for transforming the travel industry. Currently, Airbnb is worth roughly $100 billion.</p><h2>2. Paypal</h2><p><b>Paypal </b>( PYPL 3.06% ) pioneered online payments, and remains the leader of the industry. The company currently has a market cap of slightly more than $100 billion, but Paypal stock has fallen sharply in recent months amid the broader sell-off in growth stocks, down more than two thirds from its peak last summer.</p><p>Indeed, the company&#39;s growth rate is taking a breather after a pandemic-driven boom, but Paypal&#39;s long-term growth still makes it appealing. The company is forecasting 15%-17% revenue growth this year, or 19%-21% excluding <b>EBay</b>, which said last year it would stop using Paypal to pay its sellers.</p><p>Despite the loss of EBay, Paypal still has a number of tailwinds in its favor, including the growth of e-commerce, the movement of payments to digital channels, recent acquisitions like Venmo, and expanding its customer base. It recently became a payment option on <b>DoorDash</b>, for example, through both Paypal and Venmo, and is now used by DoorDash for some of its direct credit card processing.</p><p>The best reason though to bet on Paypal right now may be its valuation. Based on its adjusted earnings per share of $4.60 last year, the stock is trading at a price-to-earnings ratio of 21.7, which is cheaper than the S&amp;P 500&#39;s P/E multiple at 22.2. With 20% annual EPS growth over the next decade and modest multiple expansion, Paypal could hit the $1 trillion mark by 2030.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Companies That Could Be Worth $1 Trillion by 2030</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 Companies That Could Be Worth $1 Trillion by 2030\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-20 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/20/3-companies-that-could-be-worth-1-trillion-by-2030/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Not long ago, $1 trillion seemed like a near-impossible milestone for a publicly traded company.As recently as 2018, there were no American companies worth $1 trillion. Today, there are five -- Apple,...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/20/3-companies-that-could-be-worth-1-trillion-by-2030/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","ABNB":"爱彼迎","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4142":"酒店、度假村与豪华游轮","BK4514":"搜索引擎","BK4548":"巴美列捷福持仓","BK4176":"多领域控股","PYPL":"PayPal","BK4106":"数据处理与外包服务","BK4554":"元宇宙及AR概念","GOOG":"谷歌","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4525":"远程办公概念","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BRK.A":"伯克希尔","BRK.B":"伯克希尔B","BK4077":"互动媒体与服务","BK4527":"明星科技股","BK4579":"人工智能","BK4550":"红杉资本持仓"},"source_url":"https://www.fool.com/investing/2022/04/20/3-companies-that-could-be-worth-1-trillion-by-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228947367","content_text":"Not long ago, $1 trillion seemed like a near-impossible milestone for a publicly traded company.As recently as 2018, there were no American companies worth $1 trillion. Today, there are five -- Apple, Microsoft, Amazon, Alphabet, and Tesla -- with the iPhone-maker leading the pack at a market cap of $2.8 trillion. Not long ago, there was a sixth trillion-dollar company, but Facebook-parent Meta Platforms' recent collapse has shaved its market value down to less than $600 billion.There's no doubt that there will be more $1 trillion companies in the future, and some like Warren Buffett's Berkshire Hathaway are already knocking on the door. Keep reading to see why Airbnb and Paypal could also hit the 13-digit mark by the end of the decade.1. AirbnbAirbnb has disrupted the travel industry, making everyone's home into a potential hotel. The concept might have once seemed edgy, but it's gone mainstream in only a few years.While Airbnb has competitors that also offer home-sharing like VRBO, the company's brand is synonymous with the business, and it's also different from many of its competitors because its accommodations are largely from individual hosts rather than professional short-term rental companies.In order to reach a $1 trillion market cap, a company needs a large addressable market, and there's no question Airbnb has that. In its prospectus ahead of its IPO, the company estimated a $3.4 trillion addressable market between accommodations and experiences. Airbnb isn't going to kill the hotel industry, but market share in lodging is shifting steadily from traditional to apartments and home-sharing accommodations. The pandemic also added to Airbnb's advantage over hotels, as it can offer places to stay anywhere in the world, while traditional hotels tend to be clustered in downtowns, tourist areas, and airports, all of which have struggled over the last two years. Meanwhile, the rise of remote work should help fuel Airbnb's growth as well.Airbnb is currently trading at a lofty valuation, but the company could grow its revenue by 20% annually over the next decade. That would give it $37 billion in revenue in a decade. That alone won't be enough to get the company to a $1 trillion valuation, but its margins are also ramping up quickly as its business model is scalable. Airbnb's EBITDA margin in 2021 was 26.7%. If that improves to 40% in ten years, the company would have $15 billion in EBITDA, meaning a $1 trillion valuation would price it at 67 times EBITDA. That's well within the company's reach if it executes on its vision for transforming the travel industry. Currently, Airbnb is worth roughly $100 billion.2. PaypalPaypal ( PYPL 3.06% ) pioneered online payments, and remains the leader of the industry. The company currently has a market cap of slightly more than $100 billion, but Paypal stock has fallen sharply in recent months amid the broader sell-off in growth stocks, down more than two thirds from its peak last summer.Indeed, the company's growth rate is taking a breather after a pandemic-driven boom, but Paypal's long-term growth still makes it appealing. The company is forecasting 15%-17% revenue growth this year, or 19%-21% excluding EBay, which said last year it would stop using Paypal to pay its sellers.Despite the loss of EBay, Paypal still has a number of tailwinds in its favor, including the growth of e-commerce, the movement of payments to digital channels, recent acquisitions like Venmo, and expanding its customer base. It recently became a payment option on DoorDash, for example, through both Paypal and Venmo, and is now used by DoorDash for some of its direct credit card processing.The best reason though to bet on Paypal right now may be its valuation. Based on its adjusted earnings per share of $4.60 last year, the stock is trading at a price-to-earnings ratio of 21.7, which is cheaper than the S&P 500's P/E multiple at 22.2. With 20% annual EPS growth over the next decade and modest multiple expansion, Paypal could hit the $1 trillion mark by 2030.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086245030,"gmtCreate":1650465133321,"gmtModify":1676534730082,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.","listText":"Thanks.","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086245030","repostId":"2228947680","repostType":4,"repost":{"id":"2228947680","kind":"highlight","pubTimestamp":1650452577,"share":"https://ttm.financial/m/news/2228947680?lang=&edition=fundamental","pubTime":"2022-04-20 19:02","market":"us","language":"en","title":"Better Stock Split Buy: Amazon or Tesla?","url":"https://stock-news.laohu8.com/highlight/detail?id=2228947680","media":"Motley Fool","summary":"They're both leaders in high-growth areas.","content":"<html><head></head><body><p><b>Amazon</b> and <b>Tesla</b> may be getting a little cheaper -- per share -- in the near future. Both companies have announced stock splits. This doesn&#39;t change the overall market value of these superstar companies. But it does bring down their share prices. That means some investors who would have purchased fractional shares -- or no shares at all -- may choose to buy a full share. Or more.</p><p>I already own Amazon and Tesla shares. And I&#39;m interested in buying more. But if I had to choose just <a href=\"https://laohu8.com/S/AONE.U\">one</a> of these winners, which one would it be? Let&#39;s look at a few charts to help us decide which might be the better stock split buy right now.</p><h2>High-growth mode</h2><p>First, let&#39;s have a look at Tesla. The leading maker of electric vehicles (EV) is in high-growth mode. The company last year delivered a record number of vehicles. And the opening and ramping up of production facilities in Austin, Texas and Berlin, Germany should help the company keep up the pace and even accelerate.</p><p>Our first chart shows the growth in Tesla&#39;s deliveries. The EV company nearly doubled deliveries last year from the previous year. It delivered more than 936,000 vehicles last year. And this was in the context of chip supply shortages.</p><p><img src=\"https://static.tigerbbs.com/b2f525e4ebb4e2c40e0150bcf01ec7b9\" tg-width=\"700\" tg-height=\"700\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Statista.</p><p>Still, the one thing that worries some investors is illustrated in the next chart. And that has to do with market share. In the chart, we can see the company lost 4.5% of market share from the first quarter through the third quarter of last year. That&#39;s year over year. This is compared to gains for other carmakers. Tesla remains the market leader by far. But it&#39;s still important to remember that competition is on the rise.</p><p><img src=\"https://static.tigerbbs.com/e34ccc8a155f68043a220b0fc7739b4b\" tg-width=\"700\" tg-height=\"700\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Statista.</p><h2>Retail e-commerce sales</h2><p>Now, let&#39;s turn to Amazon. The company is operating in a growing market. The chart below shows retail e-commerce sales climbing over the past several years -- and a forecast for more than $7 trillion in global sales by 2025.</p><p><img src=\"https://static.tigerbbs.com/b28ed8d1a759484b57b1c55f3ac77699\" tg-width=\"700\" tg-height=\"520\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Statista.</p><p>Amazon is a leader in the e-commerce market. But, maybe even more importantly, Amazon also is the leader in the world of cloud computing. That&#39;s thanks to its Amazon Web Service (AWS) business. The chart below shows Amazon leading the $180 billion cloud computing market with 33% market share. It&#39;s well ahead of competitors. This is significant because AWS makes up most of Amazon&#39;s operating income.</p><p><img src=\"https://static.tigerbbs.com/67446a2ac4fb46d5fcac8def51074306\" tg-width=\"700\" tg-height=\"700\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Statista.</p><p>Which stock split player is a better buy today? It&#39;s a tough choice. Tesla&#39;s slight decline in market share isn&#39;t a big concern. The company is a leader by far. But it does rely on EV sales -- it doesn&#39;t have other areas of business. So, I have a slight preference for Amazon. That&#39;s thanks to its strengths in two businesses: e-commerce and cloud computing. So, if I had to choose between these dynamic stock-split players, I&#39;d go for Amazon.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Stock Split Buy: Amazon or 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\">\nBetter Stock Split Buy: Amazon or Tesla?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-20 19:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/20/better-stock-split-buy-amazon-or-tesla/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon and Tesla may be getting a little cheaper -- per share -- in the near future. Both companies have announced stock splits. This doesn't change the overall market value of these superstar ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/20/better-stock-split-buy-amazon-or-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓","BK4579":"人工智能","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4574":"无人驾驶","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","TSLA":"特斯拉","BK4581":"高盛持仓","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓","BK4527":"明星科技股","BK4538":"云计算","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","AMZN":"亚马逊","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4559":"巴菲特持仓"},"source_url":"https://www.fool.com/investing/2022/04/20/better-stock-split-buy-amazon-or-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228947680","content_text":"Amazon and Tesla may be getting a little cheaper -- per share -- in the near future. Both companies have announced stock splits. This doesn't change the overall market value of these superstar companies. But it does bring down their share prices. That means some investors who would have purchased fractional shares -- or no shares at all -- may choose to buy a full share. Or more.I already own Amazon and Tesla shares. And I'm interested in buying more. But if I had to choose just one of these winners, which one would it be? Let's look at a few charts to help us decide which might be the better stock split buy right now.High-growth modeFirst, let's have a look at Tesla. The leading maker of electric vehicles (EV) is in high-growth mode. The company last year delivered a record number of vehicles. And the opening and ramping up of production facilities in Austin, Texas and Berlin, Germany should help the company keep up the pace and even accelerate.Our first chart shows the growth in Tesla's deliveries. The EV company nearly doubled deliveries last year from the previous year. It delivered more than 936,000 vehicles last year. And this was in the context of chip supply shortages.Image source: Statista.Still, the one thing that worries some investors is illustrated in the next chart. And that has to do with market share. In the chart, we can see the company lost 4.5% of market share from the first quarter through the third quarter of last year. That's year over year. This is compared to gains for other carmakers. Tesla remains the market leader by far. But it's still important to remember that competition is on the rise.Image source: Statista.Retail e-commerce salesNow, let's turn to Amazon. The company is operating in a growing market. The chart below shows retail e-commerce sales climbing over the past several years -- and a forecast for more than $7 trillion in global sales by 2025.Image source: Statista.Amazon is a leader in the e-commerce market. But, maybe even more importantly, Amazon also is the leader in the world of cloud computing. That's thanks to its Amazon Web Service (AWS) business. The chart below shows Amazon leading the $180 billion cloud computing market with 33% market share. It's well ahead of competitors. This is significant because AWS makes up most of Amazon's operating income.Image source: Statista.Which stock split player is a better buy today? It's a tough choice. Tesla's slight decline in market share isn't a big concern. The company is a leader by far. But it does rely on EV sales -- it doesn't have other areas of business. So, I have a slight preference for Amazon. That's thanks to its strengths in two businesses: e-commerce and cloud computing. So, if I had to choose between these dynamic stock-split players, I'd go for Amazon.","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9068133708,"gmtCreate":1651731043339,"gmtModify":1676534958364,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068133708","repostId":"2233046330","repostType":4,"isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095824649,"gmtCreate":1644884369100,"gmtModify":1676533971401,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks 😊&nbsp;","listText":"Thanks 😊&nbsp;","text":"Thanks 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095824649","repostId":"2211507773","repostType":4,"repost":{"id":"2211507773","kind":"highlight","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":1644879690,"share":"https://ttm.financial/m/news/2211507773?lang=&edition=fundamental","pubTime":"2022-02-15 07:01","market":"us","language":"en","title":"US Stocks-The S&P 500 Ends down as Russia-Ukraine Tensions Heat Up","url":"https://stock-news.laohu8.com/highlight/detail?id=2211507773","media":"Reuters","summary":"The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S.","content":"<html><head></head><body><p>The S&amp;P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil.</p><p>All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced the relocation of U.S. diplomatic operations to western Ukraine, in a possible sign of an imminent Russian invasion.</p><p>Adding to uncertainty, Ukraine President Volodymyr Zelenskiy said Wednesday would be the day of the attack. Ukrainian officials later said Zelenskiy was not predicting an attack on that day but responding with skepticism to foreign media reports.</p><p>By the closing bell, the Dow Jones Industrial Average joined the S&amp;P 500 in negative territory, while the Nasdaq Composite Index    ended essentially unchanged.</p><p>Ongoing concerns over aggressive policy from the Federal Reserve also have contributed to recent market volatility.</p><p>&#34;There&#39;s a lot of cross currents, a lot of potential negatives in the markets,&#34; said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.</p><p>France&#39;s foreign minister said everything was in place for a Russian attack and that Europe was ready to impose massive sanctions if it happened.</p><p>Geopolitical anxieties have been simmering in recent weeks as negotiators scrambled to find a diplomatic path forward as Russia amassed troops along the Ukrainian border.</p><p>Still, market fallout due to geopolitical turmoil tends to be fleeting, according to historical data.</p><p>&#34;History actually tells investors that military and terrorist strikes tend to have short-lived shocks because they do not result in global recession,&#34; said Sam Stovall, chief investment strategist of CFRA Research in New York.</p><p>Adding to the uncertainty were increasingly hawkish comments from St. Louis Federal Reserve President James Bullard. He reiterated his call for a faster rake hike timeline and said the central bank&#39;s &#34;credibility is on the line&#34; in its battle against rising prices.</p><p>Recent data showed U.S. inflation at its hottest level in decades, ratcheting up concerns that the Fed could begin hiking key interest rates more aggressively than many had anticipated.</p><p>&#34;The market is being felled by a combination punch, with Bullard&#39;s comments as well as increased rhetoric about the imminent invasion by Russia,&#34; Stovall added.</p><p>The Dow Jones Industrial Average    fell 171.89 points, or 0.49%, to 34,566.17; the S&amp;P 500    lost 16.97 points, or 0.38%, at 4,401.67; and the Nasdaq Composite    dropped 0.24 points, or 0%, to 13,790.92.</p><p>Ten of the 11 major sectors in the S&amp;P 500 closed in negative territory, with energy stocks suffering the largest percentage drop. Consumer discretionary and communications services were the only gainers.</p><p>Fourth-quarter earnings season is approaching the home stretch, with 358 of the companies in the S&amp;P 500 having reported. Of those, 78% have beat consensus estimates, according to Refinitiv data.</p><p>Nvidia Corp and Walmart Inc are among the high profile companies posting results this week.</p><p>Tesla Inc advanced 1.8% after Chinese auto industry authorities announced the electric car maker sold nearly 60,000 China-made vehicles in January.</p><p>Drugmaker Biohaven shares rose 2.2% following positive topline trial results in the migraine treatment rimegepant. Pfizer Inc acquired the overseas marketing rights to the drug in November.</p><p>But Pfizer dropped 1.9%, joining other COVID vaccine makers in the red.</p><p>Moderna Inc tumbled 11.7% and Johnson &amp; Johnson dipped 1.3%. Novavax Inc, which on Monday submitted an application to Switzerland&#39;s drugs regulator for approval of its COVID vaccine, dropped 11.4%.</p><p>Declining issues outnumbered advancers on the NYSE by a 2.80-to-1 ratio; on Nasdaq, a 2.17-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and 18 new lows; the Nasdaq Composite recorded 24 new highs and 246 new lows.</p><p>Volume on U.S. exchanges was 11.32 billion shares, compared with the 12.67 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Stocks-The S&P 500 Ends down as Russia-Ukraine Tensions Heat Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Stocks-The S&P 500 Ends down as Russia-Ukraine Tensions Heat Up\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\">2022-02-15 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The S&amp;P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil.</p><p>All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced the relocation of U.S. diplomatic operations to western Ukraine, in a possible sign of an imminent Russian invasion.</p><p>Adding to uncertainty, Ukraine President Volodymyr Zelenskiy said Wednesday would be the day of the attack. Ukrainian officials later said Zelenskiy was not predicting an attack on that day but responding with skepticism to foreign media reports.</p><p>By the closing bell, the Dow Jones Industrial Average joined the S&amp;P 500 in negative territory, while the Nasdaq Composite Index    ended essentially unchanged.</p><p>Ongoing concerns over aggressive policy from the Federal Reserve also have contributed to recent market volatility.</p><p>&#34;There&#39;s a lot of cross currents, a lot of potential negatives in the markets,&#34; said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.</p><p>France&#39;s foreign minister said everything was in place for a Russian attack and that Europe was ready to impose massive sanctions if it happened.</p><p>Geopolitical anxieties have been simmering in recent weeks as negotiators scrambled to find a diplomatic path forward as Russia amassed troops along the Ukrainian border.</p><p>Still, market fallout due to geopolitical turmoil tends to be fleeting, according to historical data.</p><p>&#34;History actually tells investors that military and terrorist strikes tend to have short-lived shocks because they do not result in global recession,&#34; said Sam Stovall, chief investment strategist of CFRA Research in New York.</p><p>Adding to the uncertainty were increasingly hawkish comments from St. Louis Federal Reserve President James Bullard. He reiterated his call for a faster rake hike timeline and said the central bank&#39;s &#34;credibility is on the line&#34; in its battle against rising prices.</p><p>Recent data showed U.S. inflation at its hottest level in decades, ratcheting up concerns that the Fed could begin hiking key interest rates more aggressively than many had anticipated.</p><p>&#34;The market is being felled by a combination punch, with Bullard&#39;s comments as well as increased rhetoric about the imminent invasion by Russia,&#34; Stovall added.</p><p>The Dow Jones Industrial Average    fell 171.89 points, or 0.49%, to 34,566.17; the S&amp;P 500    lost 16.97 points, or 0.38%, at 4,401.67; and the Nasdaq Composite    dropped 0.24 points, or 0%, to 13,790.92.</p><p>Ten of the 11 major sectors in the S&amp;P 500 closed in negative territory, with energy stocks suffering the largest percentage drop. Consumer discretionary and communications services were the only gainers.</p><p>Fourth-quarter earnings season is approaching the home stretch, with 358 of the companies in the S&amp;P 500 having reported. Of those, 78% have beat consensus estimates, according to Refinitiv data.</p><p>Nvidia Corp and Walmart Inc are among the high profile companies posting results this week.</p><p>Tesla Inc advanced 1.8% after Chinese auto industry authorities announced the electric car maker sold nearly 60,000 China-made vehicles in January.</p><p>Drugmaker Biohaven shares rose 2.2% following positive topline trial results in the migraine treatment rimegepant. Pfizer Inc acquired the overseas marketing rights to the drug in November.</p><p>But Pfizer dropped 1.9%, joining other COVID vaccine makers in the red.</p><p>Moderna Inc tumbled 11.7% and Johnson &amp; Johnson dipped 1.3%. Novavax Inc, which on Monday submitted an application to Switzerland&#39;s drugs regulator for approval of its COVID vaccine, dropped 11.4%.</p><p>Declining issues outnumbered advancers on the NYSE by a 2.80-to-1 ratio; on Nasdaq, a 2.17-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and 18 new lows; the Nasdaq Composite recorded 24 new highs and 246 new lows.</p><p>Volume on U.S. exchanges was 11.32 billion shares, compared with the 12.67 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4504":"桥水持仓","SPY":"标普500ETF",".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":"2211507773","content_text":"The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil.All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced the relocation of U.S. diplomatic operations to western Ukraine, in a possible sign of an imminent Russian invasion.Adding to uncertainty, Ukraine President Volodymyr Zelenskiy said Wednesday would be the day of the attack. Ukrainian officials later said Zelenskiy was not predicting an attack on that day but responding with skepticism to foreign media reports.By the closing bell, the Dow Jones Industrial Average joined the S&P 500 in negative territory, while the Nasdaq Composite Index    ended essentially unchanged.Ongoing concerns over aggressive policy from the Federal Reserve also have contributed to recent market volatility.\"There's a lot of cross currents, a lot of potential negatives in the markets,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.France's foreign minister said everything was in place for a Russian attack and that Europe was ready to impose massive sanctions if it happened.Geopolitical anxieties have been simmering in recent weeks as negotiators scrambled to find a diplomatic path forward as Russia amassed troops along the Ukrainian border.Still, market fallout due to geopolitical turmoil tends to be fleeting, according to historical data.\"History actually tells investors that military and terrorist strikes tend to have short-lived shocks because they do not result in global recession,\" said Sam Stovall, chief investment strategist of CFRA Research in New York.Adding to the uncertainty were increasingly hawkish comments from St. Louis Federal Reserve President James Bullard. He reiterated his call for a faster rake hike timeline and said the central bank's \"credibility is on the line\" in its battle against rising prices.Recent data showed U.S. inflation at its hottest level in decades, ratcheting up concerns that the Fed could begin hiking key interest rates more aggressively than many had anticipated.\"The market is being felled by a combination punch, with Bullard's comments as well as increased rhetoric about the imminent invasion by Russia,\" Stovall added.The Dow Jones Industrial Average    fell 171.89 points, or 0.49%, to 34,566.17; the S&P 500    lost 16.97 points, or 0.38%, at 4,401.67; and the Nasdaq Composite    dropped 0.24 points, or 0%, to 13,790.92.Ten of the 11 major sectors in the S&P 500 closed in negative territory, with energy stocks suffering the largest percentage drop. Consumer discretionary and communications services were the only gainers.Fourth-quarter earnings season is approaching the home stretch, with 358 of the companies in the S&P 500 having reported. Of those, 78% have beat consensus estimates, according to Refinitiv data.Nvidia Corp and Walmart Inc are among the high profile companies posting results this week.Tesla Inc advanced 1.8% after Chinese auto industry authorities announced the electric car maker sold nearly 60,000 China-made vehicles in January.Drugmaker Biohaven shares rose 2.2% following positive topline trial results in the migraine treatment rimegepant. Pfizer Inc acquired the overseas marketing rights to the drug in November.But Pfizer dropped 1.9%, joining other COVID vaccine makers in the red.Moderna Inc tumbled 11.7% and Johnson & Johnson dipped 1.3%. Novavax Inc, which on Monday submitted an application to Switzerland's drugs regulator for approval of its COVID vaccine, dropped 11.4%.Declining issues outnumbered advancers on the NYSE by a 2.80-to-1 ratio; on Nasdaq, a 2.17-to-1 ratio favored decliners.The S&P 500 posted one new 52-week high and 18 new lows; the Nasdaq Composite recorded 24 new highs and 246 new lows.Volume on U.S. exchanges was 11.32 billion shares, compared with the 12.67 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9016826925,"gmtCreate":1649168737196,"gmtModify":1676534462651,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016826925","repostId":"1154558214","repostType":4,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092592490,"gmtCreate":1644652129437,"gmtModify":1676533951072,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Good&nbsp; news","listText":"Good&nbsp; news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092592490","repostId":"2210409526","repostType":4,"repost":{"id":"2210409526","kind":"news","pubTimestamp":1644633920,"share":"https://ttm.financial/m/news/2210409526?lang=&edition=fundamental","pubTime":"2022-02-12 10:45","market":"us","language":"en","title":"China Approves Use of Pfizer's COVID Drug Paxlovid","url":"https://stock-news.laohu8.com/highlight/detail?id=2210409526","media":"Reuters","summary":"BEIJING, Feb 12 (Reuters) - China's medical products regulator said on Saturday it has given conditi","content":"<html><head></head><body><p>BEIJING, Feb 12 (Reuters) - China&#39;s medical products regulator said on Saturday it has given conditional approval for Pfizer&#39;s COVID-19 treatment Paxlovid, making it the first oral anti-coronavirus pill approved in the country to treat the disease.</p><p>The National Medical Products Administration said Paxlovid has obtained conditional approval to treat adults who have mild to moderate COVID-19 and high risk of progressing to a severe condition. Further study on the drug needed to be conducted and submitted to the authority, it said.</p><p>It is not immediately clear if China is already in talks with Pfizer to procure the pill. Pfizer did not reply to a Reuters request for comment. </p></body></html>","source":"yahoofinance","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>China Approves Use of Pfizer's COVID Drug Paxlovid</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\">\nChina Approves Use of Pfizer's COVID Drug Paxlovid\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-12 10:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-china-approves-pfizers-covid-024520927.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, Feb 12 (Reuters) - China's medical products regulator said on Saturday it has given conditional approval for Pfizer's COVID-19 treatment Paxlovid, making it the first oral anti-coronavirus ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-china-approves-pfizers-covid-024520927.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","BK4550":"红杉资本持仓","BK4568":"美国抗疫概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4007":"制药","BK4124":"机动车零配件与设备","BK4534":"瑞士信贷持仓"},"source_url":"https://finance.yahoo.com/news/1-china-approves-pfizers-covid-024520927.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2210409526","content_text":"BEIJING, Feb 12 (Reuters) - China's medical products regulator said on Saturday it has given conditional approval for Pfizer's COVID-19 treatment Paxlovid, making it the first oral anti-coronavirus pill approved in the country to treat the disease.The National Medical Products Administration said Paxlovid has obtained conditional approval to treat adults who have mild to moderate COVID-19 and high risk of progressing to a severe condition. Further study on the drug needed to be conducted and submitted to the authority, it said.It is not immediately clear if China is already in talks with Pfizer to procure the pill. Pfizer did not reply to a Reuters request for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014571801,"gmtCreate":1649688579672,"gmtModify":1676534551647,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014571801","repostId":"2226683093","repostType":4,"repost":{"id":"2226683093","kind":"highlight","pubTimestamp":1649691304,"share":"https://ttm.financial/m/news/2226683093?lang=&edition=fundamental","pubTime":"2022-04-11 23:35","market":"us","language":"en","title":"3 of the Smartest Stocks to Buy in a Fed-Induced Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2226683093","media":"Motley Fool","summary":"A tumbling stock market is the ideal time to put your money to work in these rock-solid companies.","content":"<html><head></head><body><p>A little over a year ago, things couldn&#39;t have been better for Wall Street. The major U.S. indexes were a year removed from their pandemic bottom and had delivered <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the strongest bounces from a bear-market in history. What&#39;s more, there was abundant access to cheap capital and the Federal Reserve was intent on maintaining its dovish monetary stance.</p><p>But over the past 12 months, the wheels fell off the wagon in dramatic fashion -- and the nation&#39;s central bank may be to blame.</p><p>While no one ever said overseeing monetary policy for the largest economy in the world would be easy, in hindsight the Fed left its foot on the accelerator for far too long. A combination of historically low lending rates and ongoing quantitative easing measures designed to drive down long-term bond yields has played a big role in sending the U.S. inflation rate to a four-decade high. In fact, a good argument can be made that the growth-focused <b>Nasdaq Composite</b>&#39;s brief tumble into bear market territory was primarily Fed-induced.</p><p>Although big drops in the market can be scary at times -- especially when they&#39;re caused by the Fed shifting course -- they&#39;re historically the best time to put your money to work. That&#39;s because all notable declines are eventually erased by a bull market rally.</p><p>Below are three of the smartest stocks investors can buy in a Fed-driven bear market.</p><h2><a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a></h2><p>The first stock investors would be wise to buy in a Fed-induced bear market is conglomerate <b>Berkshire Hathaway</b> ( BRK.A )( BRK.B).</p><p>Berkshire may not be a household name, but its CEO, billionaire Warren Buffett, probably is. Since taking over as CEO of the company in 1965, Buffett has overseen more than $760 billion in valuation creation for shareholders (himself included), and he&#39;s led Berkshire&#39;s Class A shares (BRK.A) to an average annual gain of just over 20%. In aggregate, we&#39;re talking about an increase of 4,210,069%, as of April 7.</p><p>One of Buffett&#39;s not-so-subtle secrets to success is that he&#39;s packed Berkshire Hathaway&#39;s portfolio with cyclical companies. These are businesses that thrive when the economy is firing on all cylinders and struggle a bit when recessions strike. Instead of trying to time these inevitable downturns, Buffett has positioned Berkshire Hathaway and its investment portfolio to take advantage of long-winded expansions. After all, economic expansions last considerably longer than recessions.</p><p>Something else to consider is that a sizable percentage of Berkshire Hathaway&#39;s owned and invested assets are in the financial sector. The Fed has made clear that it intends to reduce its balance sheet (i.e., sell Treasury bonds) and raise interest rates. Higher lending rates will be a boon for bank stocks that have variable-rate outstanding loans, and it&#39;ll also allow insurance companies to generate more interest income on their float (i.e., their unused premium). In short, Berkshire Hathaway is well-positioned to navigate a rising-rate environment.</p><p>Berkshire Hathaway&#39;s success is also a function of Buffett&#39;s love for dividend stocks. Companies that pay a dividend are often profitable, time-tested, and have transparent long-term outlooks. This year, Berkshire should collect in excess of $5 billion in dividend income, with north of $4 billion coming from just a half-dozen holdings.</p><p>Long story short, riding Buffett&#39;s coattails has long been a moneymaking investment strategy.</p><p><img src=\"https://static.tigerbbs.com/258390c72eb8866a0650f6b06661fd51\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>Image source: Getty Images.</p><h2><a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings</a></h2><p>Just because the stock market is falling and the Fed is scrambling to control historically high inflation, it doesn&#39;t mean growth stocks are off-limits for patient investors. A perfect example of a fast-paced company that&#39;s a smart buy is cybersecurity stock <b>CrowdStrike Holdings</b> (CRWD).</p><p>Since the pandemic began more than two years ago, businesses have accelerated the pace at which they&#39;ve moved data online and into the cloud. Given that hackers and robots don&#39;t take time off just because Wall Street had a bad day, the onus of protecting this data is increasingly falling onto third-party providers like CrowdStrike. Put another way, cybersecurity has evolved from an optional to essential service over the past two-plus decades.</p><p>While the cybersecurity industry should be home to a number of winners, CrowdStrike really stands out for its cloud-native Falcon security platform. Falcon oversees approximately 1 trillion events <i>per day</i> and relies on artificial intelligence to grow more efficient at recognizing and responding to potential end-user threats. CrowdStrike isn&#39;t the cheapest solution in cybersecurity, but its gross retention rate of 98% suggests it&#39;s one of the best.</p><p>Additional proof of Falcon&#39;s success can be seen in CrowdStrike&#39;s subscriber figures and organic growth rate. Over the past five years, the company&#39;s subscriber count has grown by an annual average of 105%. What&#39;s more, CrowdStrike has reported 16 consecutive quarters with a dollar-based retention rate of at least 120%.  This is a fancy way of saying that existing clients spent at least 20% more on a year-over-year basis for four consecutive years (16 quarters).</p><p>As the premier name in cybersecurity, any significant pullback in a Fed-driven bear market should be viewed as a buying opportunity.</p><p><img src=\"https://static.tigerbbs.com/b13f98298635a74f4491a99bf47eeded\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>Image source: Getty Images.</p><h2><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a></h2><p>A third exceptionally smart stock to buy during a Fed-induced bear market is pharmacy chain <b>Walgreens Boots Alliance</b> (WBA).</p><p>Generally, healthcare stocks are nearly impervious to wild vacillations in the stock market and, to some extent, the U.S. economy. Because we can&#39;t control when we get sick, there&#39;s always demand for prescription drugs, medical devices, and healthcare services.</p><p>However, Walgreens proved to be a bit of an exception to this rule during the initial stages of the COVID-19 pandemic. Since pharmacy chains are reliant on foot traffic into their stores, the pandemic put a hurting on Walgreens and its peers for a couple of quarters. With the worst of the pandemic likely in the rearview mirror, Walgreens looks poised to shine no matter what the nation&#39;s central bank does on the interest rate front.</p><p>What makes Walgreens Boots Alliance such an attractive investment is the company&#39;s multipoint strategy to lift its margins and organic growth rate. As an example, Walgreens has slashed more than $2 billion in annual operating expenses a full year ahead of schedule. At the same time, it&#39;s spent aggressively on digitization initiatives that&#39;ll promote direct-to-consumer sales. Even though its brick-and-mortar locations will remain its primary revenue driver, the convenience of online sales should have no trouble boosting the company&#39;s organic growth rate.</p><p>Speaking of organic growth, Walgreens has also partnered with and invested in VillageMD. The two have opened more than 100 full-service clinics nationwide, as of Feb. 28, 2022, with the goal of reaching at least 600 clinics in more than 30 U.S. markets by the end of 2025.  The key here is that these are full-service, physician-staffed clinics, and can therefore handle much more than administering a vaccine. The ability to court repeat clients and funnel those patients to Walgreens&#39; pharmacy should help improve brand loyalty and the company&#39;s bottom line.</p><p>With Walgreens valued at just 9 times Wall Street&#39;s forecast earnings for fiscal 2022 (ended Aug. 31, 2022), now is the perfect time to pounce.</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 of the Smartest Stocks to Buy in a Fed-Induced Bear 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 of the Smartest Stocks to Buy in a Fed-Induced Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-11 23:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/11/3-smartest-stocks-buy-in-a-fed-induced-bear-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little over a year ago, things couldn't have been better for Wall Street. The major U.S. indexes were a year removed from their pandemic bottom and had delivered one of the strongest bounces from a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/11/3-smartest-stocks-buy-in-a-fed-induced-bear-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","BRK.B":"伯克希尔B","BRK.A":"伯克希尔","WBA":"沃尔格林联合博姿"},"source_url":"https://www.fool.com/investing/2022/04/11/3-smartest-stocks-buy-in-a-fed-induced-bear-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2226683093","content_text":"A little over a year ago, things couldn't have been better for Wall Street. The major U.S. indexes were a year removed from their pandemic bottom and had delivered one of the strongest bounces from a bear-market in history. What's more, there was abundant access to cheap capital and the Federal Reserve was intent on maintaining its dovish monetary stance.But over the past 12 months, the wheels fell off the wagon in dramatic fashion -- and the nation's central bank may be to blame.While no one ever said overseeing monetary policy for the largest economy in the world would be easy, in hindsight the Fed left its foot on the accelerator for far too long. A combination of historically low lending rates and ongoing quantitative easing measures designed to drive down long-term bond yields has played a big role in sending the U.S. inflation rate to a four-decade high. In fact, a good argument can be made that the growth-focused Nasdaq Composite's brief tumble into bear market territory was primarily Fed-induced.Although big drops in the market can be scary at times -- especially when they're caused by the Fed shifting course -- they're historically the best time to put your money to work. That's because all notable declines are eventually erased by a bull market rally.Below are three of the smartest stocks investors can buy in a Fed-driven bear market.Berkshire HathawayThe first stock investors would be wise to buy in a Fed-induced bear market is conglomerate Berkshire Hathaway ( BRK.A )( BRK.B).Berkshire may not be a household name, but its CEO, billionaire Warren Buffett, probably is. Since taking over as CEO of the company in 1965, Buffett has overseen more than $760 billion in valuation creation for shareholders (himself included), and he's led Berkshire's Class A shares (BRK.A) to an average annual gain of just over 20%. In aggregate, we're talking about an increase of 4,210,069%, as of April 7.One of Buffett's not-so-subtle secrets to success is that he's packed Berkshire Hathaway's portfolio with cyclical companies. These are businesses that thrive when the economy is firing on all cylinders and struggle a bit when recessions strike. Instead of trying to time these inevitable downturns, Buffett has positioned Berkshire Hathaway and its investment portfolio to take advantage of long-winded expansions. After all, economic expansions last considerably longer than recessions.Something else to consider is that a sizable percentage of Berkshire Hathaway's owned and invested assets are in the financial sector. The Fed has made clear that it intends to reduce its balance sheet (i.e., sell Treasury bonds) and raise interest rates. Higher lending rates will be a boon for bank stocks that have variable-rate outstanding loans, and it'll also allow insurance companies to generate more interest income on their float (i.e., their unused premium). In short, Berkshire Hathaway is well-positioned to navigate a rising-rate environment.Berkshire Hathaway's success is also a function of Buffett's love for dividend stocks. Companies that pay a dividend are often profitable, time-tested, and have transparent long-term outlooks. This year, Berkshire should collect in excess of $5 billion in dividend income, with north of $4 billion coming from just a half-dozen holdings.Long story short, riding Buffett's coattails has long been a moneymaking investment strategy.Image source: Getty Images.CrowdStrike HoldingsJust because the stock market is falling and the Fed is scrambling to control historically high inflation, it doesn't mean growth stocks are off-limits for patient investors. A perfect example of a fast-paced company that's a smart buy is cybersecurity stock CrowdStrike Holdings (CRWD).Since the pandemic began more than two years ago, businesses have accelerated the pace at which they've moved data online and into the cloud. Given that hackers and robots don't take time off just because Wall Street had a bad day, the onus of protecting this data is increasingly falling onto third-party providers like CrowdStrike. Put another way, cybersecurity has evolved from an optional to essential service over the past two-plus decades.While the cybersecurity industry should be home to a number of winners, CrowdStrike really stands out for its cloud-native Falcon security platform. Falcon oversees approximately 1 trillion events per day and relies on artificial intelligence to grow more efficient at recognizing and responding to potential end-user threats. CrowdStrike isn't the cheapest solution in cybersecurity, but its gross retention rate of 98% suggests it's one of the best.Additional proof of Falcon's success can be seen in CrowdStrike's subscriber figures and organic growth rate. Over the past five years, the company's subscriber count has grown by an annual average of 105%. What's more, CrowdStrike has reported 16 consecutive quarters with a dollar-based retention rate of at least 120%.  This is a fancy way of saying that existing clients spent at least 20% more on a year-over-year basis for four consecutive years (16 quarters).As the premier name in cybersecurity, any significant pullback in a Fed-driven bear market should be viewed as a buying opportunity.Image source: Getty Images.Walgreens Boots AllianceA third exceptionally smart stock to buy during a Fed-induced bear market is pharmacy chain Walgreens Boots Alliance (WBA).Generally, healthcare stocks are nearly impervious to wild vacillations in the stock market and, to some extent, the U.S. economy. Because we can't control when we get sick, there's always demand for prescription drugs, medical devices, and healthcare services.However, Walgreens proved to be a bit of an exception to this rule during the initial stages of the COVID-19 pandemic. Since pharmacy chains are reliant on foot traffic into their stores, the pandemic put a hurting on Walgreens and its peers for a couple of quarters. With the worst of the pandemic likely in the rearview mirror, Walgreens looks poised to shine no matter what the nation's central bank does on the interest rate front.What makes Walgreens Boots Alliance such an attractive investment is the company's multipoint strategy to lift its margins and organic growth rate. As an example, Walgreens has slashed more than $2 billion in annual operating expenses a full year ahead of schedule. At the same time, it's spent aggressively on digitization initiatives that'll promote direct-to-consumer sales. Even though its brick-and-mortar locations will remain its primary revenue driver, the convenience of online sales should have no trouble boosting the company's organic growth rate.Speaking of organic growth, Walgreens has also partnered with and invested in VillageMD. The two have opened more than 100 full-service clinics nationwide, as of Feb. 28, 2022, with the goal of reaching at least 600 clinics in more than 30 U.S. markets by the end of 2025.  The key here is that these are full-service, physician-staffed clinics, and can therefore handle much more than administering a vaccine. The ability to court repeat clients and funnel those patients to Walgreens' pharmacy should help improve brand loyalty and the company's bottom line.With Walgreens valued at just 9 times Wall Street's forecast earnings for fiscal 2022 (ended Aug. 31, 2022), now is the perfect time to pounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094197119,"gmtCreate":1645074895604,"gmtModify":1676533994762,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094197119","repostId":"2212910336","repostType":4,"repost":{"id":"2212910336","kind":"news","pubTimestamp":1645074210,"share":"https://ttm.financial/m/news/2212910336?lang=&edition=fundamental","pubTime":"2022-02-17 13:03","market":"us","language":"en","title":"Amazon Says It’s Reached Agreement With Visa on Payment Fees","url":"https://stock-news.laohu8.com/highlight/detail?id=2212910336","media":"Bloomberg","summary":"(Bloomberg) -- Amazon.com Inc. told customers that it has reached an agreement with Visa Inc. over t","content":"<html><head></head><body><p>(Bloomberg) -- <a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc.</a> told customers that it has reached an agreement with <a href=\"https://laohu8.com/S/V\">Visa Inc.</a> over the fees it pays to accept the payments giant’s cards on its website.</p><p>The retailer said it will no longer charge customers who use Visa cards on its site in Singapore and Australia an extra fee and it will not turn off Visa credit cards from amazon.co.uk.</p><p>“We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores,” Amazon said in the email. “Amazon remains committed to offering customers a payment experience that is convenient and offers choice.”</p><p>Amazon and Visa had been feuding over the so-called swipe fees that the retailer pays each time a consumer uses their card at checkout. While the customer’s bank reaps most of that fee, it’s Visa that sets the levels merchants are charged.</p><p>“Visa is pleased to have reached a broad, global agreement with Amazon,” a Visa spokesman said in an emailed statement. “This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives to ensure innovative payment experiences for our customers in the future.”</p><p>While Amazon has been surcharging customers who use Visa cards on its site in Singapore and Australia for months, it sought to up the ante late last year with a threat to stop accepting the firm’s credit cards by U.K. customers entirely. Last month, the two companies said they were working on an agreement, narrowly avoiding an outright ban on U.K. cards.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Says It’s Reached Agreement With Visa on Payment Fees</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Says It’s Reached Agreement With Visa on Payment Fees\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-17 13:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amazon-says-reached-agreement-visa-035935034.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Amazon.com Inc. told customers that it has reached an agreement with Visa Inc. over the fees it pays to accept the payments giant’s cards on its website.The retailer said it will no ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amazon-says-reached-agreement-visa-035935034.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","V":"Visa","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","COST":"好市多","BK4538":"云计算","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","AMZN":"亚马逊","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","MA":"万事达","BK4548":"巴美列捷福持仓","BK4106":"数据处理与外包服务","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓"},"source_url":"https://finance.yahoo.com/news/amazon-says-reached-agreement-visa-035935034.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2212910336","content_text":"(Bloomberg) -- Amazon.com Inc. told customers that it has reached an agreement with Visa Inc. over the fees it pays to accept the payments giant’s cards on its website.The retailer said it will no longer charge customers who use Visa cards on its site in Singapore and Australia an extra fee and it will not turn off Visa credit cards from amazon.co.uk.“We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores,” Amazon said in the email. “Amazon remains committed to offering customers a payment experience that is convenient and offers choice.”Amazon and Visa had been feuding over the so-called swipe fees that the retailer pays each time a consumer uses their card at checkout. While the customer’s bank reaps most of that fee, it’s Visa that sets the levels merchants are charged.“Visa is pleased to have reached a broad, global agreement with Amazon,” a Visa spokesman said in an emailed statement. “This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives to ensure innovative payment experiences for our customers in the future.”While Amazon has been surcharging customers who use Visa cards on its site in Singapore and Australia for months, it sought to up the ante late last year with a threat to stop accepting the firm’s credit cards by U.K. customers entirely. Last month, the two companies said they were working on an agreement, narrowly avoiding an outright ban on U.K. cards.","news_type":1},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010408293,"gmtCreate":1648438289861,"gmtModify":1676534337924,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010408293","repostId":"2222885292","repostType":4,"repost":{"id":"2222885292","kind":"news","pubTimestamp":1648420879,"share":"https://ttm.financial/m/news/2222885292?lang=&edition=fundamental","pubTime":"2022-03-28 06:41","market":"us","language":"en","title":"March Jobs Report, PCE Inflation, Consumer Confidence: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2222885292","media":"Yahoo Finance","summary":"The March jobs report takes center stage this week. The Labor Department’s monthly snapshot of U.S. ","content":"<html><head></head><body><p>The March jobs report takes center stage this week. The Labor Department’s monthly snapshot of U.S. employment will be closely watched by market participants and will carry special weight as Federal Reserve officials appear to signal more hawkishness in the central bank’s rate-hiking plans. Meanwhile, Core PCE, the Fed’s preferred inflation gauge, is also due out Wednesday and will offer further clues on how aggressive the next interest rate bump could be.</p><p>Despite a streak of seesaw action, markets have mostly fared well since the Fed raised interest rates by 25 basis points on March 16 in the first hike since 2018. The Dow Jones Industrial Average, Nasdaq Composite, and S&amp;P 500 each registered their second straight week of gains on Friday to close at one-month highs.</p><p>Still, questions remain around the central bank’s path forward and investors are watching closely to see whether the ramp up in short-term rates that is underway will blunt the market’s gains.</p><p>The latest jobs report due out Friday comes as traders are braced for the likelihood that Fed officials may lean into higher borrowing costs more aggressively than anticipated after recent remarks from Fed Chair Jerome Powell indicating “ongoing rate increases will be appropriate” to lower inflation readings. If Friday’s employment data shows a tighter-than-ever labor market, policymakers could be even more inclined to move ahead with a 50-basis point hike.</p><p>“The payroll jobs report could be the biggest one yet in this recovery from the pandemic,” FWDBONDS chief economist Christopher Rupkey said in a recent note. “Federal Reserve officials are already chomping at the bit for bigger 50 bps rate hikes at upcoming meetings, and the tightest labor market since the 1960s is like pouring gasoline on the fire where any policy official worth his or her salt is burning with desire to get interest rates up to 2% neutral levels now.”</p><p>All things suggest a jaw-dropping jobs report. Last week, U.S. jobless claims notched the lowest level since September 1969 at 187,000 filings. Moreover, the most recent employment report blew past what economists had estimated, posting a stunning 687,000 jobs added or created during the month of February. The March report is expected to show another robust reading with payrolls likely to rise by 490,000, according to Bloomberg economist estimates.</p><p>This labor market tightness has strongly informed the Fed’s decision to rein in monetary policy, with economic momentum suggesting to officials that the U.S. economy could weather less accommodative financial conditions.</p><p>“The Federal Reserve has a dual mandate to promote employment and stable prices,” Bankrate senior industry analyst Ted Rossman said in a note. “The strong labor market is leading the Fed to focus squarely on combating the high inflation rate. Fed Chair Jerome Powell recently hinted at a more aggressive pace of rate hikes, and this report fits that narrative since inflation is a much bigger concern than unemployment right now.”</p><p>While an improving labor market is good for U.S. households, widespread job openings have made room for significant leverage for workers, driving wage gains higher and further elevating inflationary pressures.</p><p>To add to that, Bank of America pointed out that amid the labor market recovery is a higher level of job openings for any given unemployment rate than compared to prior history. As a result, the short-run inflation neutral unemployment rate (NAIRU) may be higher than longer-run estimates, implying more sustained wage and price pressures in the near-term, according to the bank.</p><p>The Labor Department&#39;s JOLTs (Job Openings and Labor Turnover Summary) for February will be released Tuesday with analysts, according to Bloomberg consensus, expecting vacancies of 11 million, similar to January&#39;s results.</p><p>“The pandemic labor market has seen an extraordinary outward shift in the Beveridge curve (the relationship between unemployment and the job vacancy rate), suggesting difficulty in matching workers to jobs,” BofA economists said in a recent note. “This mismatch may reflect surging goods spending and hence a shortage of workers in the hottest part of the economy.”</p><h2><b>Fed&#39;s measure of inflation</b></h2><p>Also on the inflation front, the Bureau of Economic Analysis is scheduled to release a fresh read on its monthly personal consumption expenditures (PCE) deflator this Thursday. The measure is another gauge of how quickly prices are increasing across the country. Consensus economists expect the PCE to post a rise of another 0.6% in February, according to Bloomberg data, This would mark the 15th consecutive monthly increase and bring the index up by 6.4% on a year-over-year basis.</p><p>The core PCE index, which the Fed uses to conduct monetary policy, is also expected to show an increase when the print publishes Wednesday. Consensus economists are looking for a 5.5% increase in core PCE in February, compared to January’s 5.2% rise.</p><p>The Fed&#39;s already arduous task of mitigating inflation without stunting economic growth is further complicated by geopolitical turmoil in Eastern Europe. War in Ukraine and penalizing sanctions against Russia for its invasion of the country have raised uncertainty in recent weeks over the conflict’s toll on the global economic picture and potential spillover consequences for the U.S. Namely, rising oil prices have elevated inflation expectations. WTI crude oil futures snapped a two-week losing streak to round out the week 8.8% higher at $113.90 per barrel as of Friday&#39;s close.</p><p>OPEC+ (Organization of the Petroleum Exporting Countries) is scheduled to hold a virtual meeting on March 31 with Russia and its nine other allies to discuss May production levels. The intergovernmental organization is expected to maintain current production plans, even as crude oil prices trade at a 14-year high.</p><p>“The Fed seems to be the only central bank still focused on increasing its hawkishness” amid higher energy prices and inflation,&#34; Charles Schwab Chief Global Investment Strategist Jeffrey Kleintop told Yahoo Finance Live. “It’s noteworthy.”</p><h2><b>Consumer confidence</b></h2><p>As inflation worries mount, consumers are getting wary about what&#39;s ahead. The Conference Board&#39;s Consumer Confidence Index due for release on Tuesday will show a timely snapshot of their thinking following the latest spike in prices. Economists surveyed by Bloomberg are looking for the index to fall to 107.0 for March following a read of 110.5 last month.</p><p>Last week&#39;s further decline in the University of Michigan&#39;s final consumer sentiment index for March, which fell to 59.4 from a preliminary reading of 59.7 and 62.8 in the prior month, is an indication of consumers&#39; changing attitude about their economic future. The survey saw more consumers report reduced living standards due to rising inflation than any other time except during the two worst recessions in the past 50 years: from March 1979 to April 1981, and from May to October 2008, the University of Michigan said.</p><p>&#34;Usually consumers fret about job opportunities and the lack thereof, but this time, the consumer is in sync with Fed officials that the greatest danger the economy faces is inflation,&#34; Rupkey said in recent commentary. &#34;Consumers continue to spend, but future consumption is very much in doubt as the cost of store bought goods soars ever higher.&#34;</p><p>&#34;We have rarely seen consumers this pessimistic outside of the darkest days of recessions, but the polling indicates the public is more scared about their economic future than they have been in years,&#34; he wrote. &#34;Everyone get out of the way because if the consumer stops, then the economy drops and it will be a miracle if the economy can avoid a shipwreck on the shores of recession.&#34;</p><p>Earnings season has winded down — though the next quarterly read (representing the first three months of 2022) will be underway soon. A few reports are in the queue to trickle in on Friday, with names including <a href=\"https://laohu8.com/S/JEF\">Jefferies Financial </a>, <a href=\"https://laohu8.com/S/CHWY\">Chewy </a>, <a href=\"https://laohu8.com/S/LULU\">Lululemon </a>, and others.</p><p><b>Economic calendar</b></p><p><b>Monday:</b> Advance Goods Trade Balance, February (-$106.3 billion expected, -$107.6 billion during prior month); Wholesale Inventories, month-over-month, February preliminary (1.2% expected, 0.8% during previous month, upwardly revised to 1.0%); Retail Inventories, month-over-month, February (1.4% expected, 4.9% during prior month); Dallas Fed Manufacturing Activity, March (11 expected, 14 during prior month)</p><p><b>Tuesday:</b> FHFA House Pricing Index, month-over-month, January (1.3% expected, 1.2% during prior month); S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller 20-City Composite, month-over-month, January (1.50% expected, 1.46% during prior month); S&amp;P CoreLogic Case-Shiller 20-City Composite, year-over-year, January (18.55% expected, 18.56% during prior month); S&amp;P CoreLogic Case-Shiller U.S. National Home Price Index, year-over-year, January (18.84% during prior month); Conference Board Consumer Confidence, March (107.0 expected, 110.5 during prior read); Conference Board Present Situation, March (145.1 during prior read); Conference Board Expectations, March (87.5 during prior read); JOLTS job openings, February (11 million expected, 11.26 million during prior month)</p><p><b>Wednesday:</b> MBA Mortgage Applications, week ended March 25 (-8.1% during prior week); ADP Employment Change, March (450,000 expected, 475,000 during prior month); GDP Annualized, quarter-over-quarter, 4Q third (7.0% expected, 7.0% prior); Personal Consumption, quarter-over-quarter, 4Q third (3.1% expected, 3.1% prior); GDP Price Index, quarter-over-quarter, 4Q third (7.1% expected, 7.1% prior); Core PCE, quarter-over-quarter, 4Q third (5.0% expected, 5.0% prior);</p><p><b>Thursday</b>: Challenger Job Cuts, year-over-year, March (-55.9% during prior month); Personal Income, month-over-month, February (0.5% expected, 0.0% during prior month); Personal Spending, month-over-month, February (0.5% expected, 2.1% during prior month); Real Personal Spending, month-over-month, February (-0.2% expected, 1.5% during prior month); PCE deflator, month-over-month, February (0.6% expected, 0.6% during prior month); PCE deflator, year-over-year, February (6.4% expected, 6.1% during prior month); PCE core deflator, month-over-month, February (0.4% expected, 0.5% during prior month); PCE core deflator, year-over-year, February (5.5% expected, 5.2% during prior month); Initial Jobless Claims, week ended March 26 (200,000 expected, 187,000 during prior week); Continuing Claims, week ended March 19 (1.35 million expected, 1.35 million during prior week); MNI Chicago PMI, March (57.0 expected, 56.3 during prior month)</p><p><b>Friday: </b><a href=\"https://laohu8.com/S/TWOA.U\">Two</a>-Month Payroll Net Revision, March (92,000 prior); Change in Nonfarm Payrolls, March (490,000 expected, 678,000 during prior month); Change in Private Payrolls, March (408,000 expected, 444,000 during prior month); Change in Manufacturing Payrolls, January (30,000 expected, 36,000 during prior month); Unemployment Rate, March (3.7% expected, 3.8% during prior month); Average Hourly Earnings, month-over-month, March (0.4% expected, 0.0% during prior month); Average Hourly Earnings, year-over-year, March (5.5% expected, 5.1% prior month); Average Weekly Hours All Employees, March (34.7 expected, 34.7 during prior month); Labor Force Participation Rate, March (62.4% expected, 62.3% during prior month); Underemployment Rate, March (7.2% prior month); S&amp;P Global Manufacturing PMI, March final (58.5 expected, 58.5 during prior month); Construction Spending, month-over-month, February (1.0% expected, 1.3% during prior month); ISM Manufacturing, March (59.0 expected, 58.6 during prior month); ISM Prices Paid, March (80 expected, 75.6 prior month); ISM New Orders, March (61.7 during prior month); ISM Employment, March (52.9 during prior month); WARDS Total Vehicle Sales, March (13.90 million expected, 14.07 million prior month)</p><h3><b>Earnings calendar</b></h3><p><b>Monday</b></p><p>Before market open: <a href=\"https://laohu8.com/S/TPG\">TPG </a></p><p>After market close: <a href=\"https://laohu8.com/S/JEF\">Jefferies Financial </a>, <a href=\"https://laohu8.com/S/PLAY\">Dave &amp; Buster’s Entertainment </a></p><p><b>Tuesday</b></p><p>Before market open: <a href=\"https://laohu8.com/S/MKC\">McCormick </a></p><p>After market close: <a href=\"https://laohu8.com/S/CHWY\">Chewy </a>, <a href=\"https://laohu8.com/S/RH\">RH </a>, <a href=\"https://laohu8.com/S/MU\">Micron Technology </a>, <a href=\"https://laohu8.com/S/LULU\">Lululemon </a></p><p><b>Wednesday</b></p><p>Before market open: <a href=\"https://laohu8.com/S/FIVE\">Five Below</a></p><p>After market close: <i>No notable reports scheduled for release</i></p><p><b>Thursday</b></p><p>Before market open: <a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a> (WBA)</p><p>After market close: <a href=\"https://laohu8.com/S/BB\">Blackberry </a></p><p><b>Friday</b></p><p>No notable reports scheduled for release</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>March Jobs Report, PCE Inflation, Consumer Confidence: What to Know This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarch Jobs Report, PCE Inflation, Consumer Confidence: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-28 06:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/march-jobs-report-pce-inflation-fed-hike-watch-what-to-know-this-week-160533408.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The March jobs report takes center stage this week. The Labor Department’s monthly snapshot of U.S. employment will be closely watched by market participants and will carry special weight as Federal ...</p>\n\n<a href=\"https://finance.yahoo.com/news/march-jobs-report-pce-inflation-fed-hike-watch-what-to-know-this-week-160533408.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4561":"索罗斯持仓","BK4547":"WSB热门概念","BK4097":"系统软件","BK4581":"高盛持仓","FIVE":"Five Below","BK4504":"桥水持仓","BK4512":"苹果概念","SPY":"标普500ETF","BK4209":"餐馆","QQQ":"纳指100ETF","BK4200":"专卖店","BK4135":"资产管理与托管银行","BK4202":"服装、服饰与奢侈品","BK4548":"巴美列捷福持仓","BK4127":"投资银行业与经纪业","TPG":"TPG, Inc.","RH":"Restoration Hardware Holdings","MU":"美光科技","BK4212":"包装食品与肉类","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4178":"家庭装饰零售","BK4553":"喜马拉雅资本持仓","PLAY":"Dave & Buster","BK4534":"瑞士信贷持仓","BK4128":"药品零售","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4575":"芯片概念","LULU":"lululemon athletica","BB":"黑莓","CHWY":"Chewy, Inc.","MKC":"味好美","BK4559":"巴菲特持仓","SPY.AU":"SPDR® S&P 500® ETF Trust","BK4527":"明星科技股","BK4579":"人工智能","JEF":"杰富瑞","BK4550":"红杉资本持仓","BK4141":"半导体产品","WBA":"沃尔格林联合博姿","BK4122":"互联网与直销零售"},"source_url":"https://finance.yahoo.com/news/march-jobs-report-pce-inflation-fed-hike-watch-what-to-know-this-week-160533408.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222885292","content_text":"The March jobs report takes center stage this week. The Labor Department’s monthly snapshot of U.S. employment will be closely watched by market participants and will carry special weight as Federal Reserve officials appear to signal more hawkishness in the central bank’s rate-hiking plans. Meanwhile, Core PCE, the Fed’s preferred inflation gauge, is also due out Wednesday and will offer further clues on how aggressive the next interest rate bump could be.Despite a streak of seesaw action, markets have mostly fared well since the Fed raised interest rates by 25 basis points on March 16 in the first hike since 2018. The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 each registered their second straight week of gains on Friday to close at one-month highs.Still, questions remain around the central bank’s path forward and investors are watching closely to see whether the ramp up in short-term rates that is underway will blunt the market’s gains.The latest jobs report due out Friday comes as traders are braced for the likelihood that Fed officials may lean into higher borrowing costs more aggressively than anticipated after recent remarks from Fed Chair Jerome Powell indicating “ongoing rate increases will be appropriate” to lower inflation readings. If Friday’s employment data shows a tighter-than-ever labor market, policymakers could be even more inclined to move ahead with a 50-basis point hike.“The payroll jobs report could be the biggest one yet in this recovery from the pandemic,” FWDBONDS chief economist Christopher Rupkey said in a recent note. “Federal Reserve officials are already chomping at the bit for bigger 50 bps rate hikes at upcoming meetings, and the tightest labor market since the 1960s is like pouring gasoline on the fire where any policy official worth his or her salt is burning with desire to get interest rates up to 2% neutral levels now.”All things suggest a jaw-dropping jobs report. Last week, U.S. jobless claims notched the lowest level since September 1969 at 187,000 filings. Moreover, the most recent employment report blew past what economists had estimated, posting a stunning 687,000 jobs added or created during the month of February. The March report is expected to show another robust reading with payrolls likely to rise by 490,000, according to Bloomberg economist estimates.This labor market tightness has strongly informed the Fed’s decision to rein in monetary policy, with economic momentum suggesting to officials that the U.S. economy could weather less accommodative financial conditions.“The Federal Reserve has a dual mandate to promote employment and stable prices,” Bankrate senior industry analyst Ted Rossman said in a note. “The strong labor market is leading the Fed to focus squarely on combating the high inflation rate. Fed Chair Jerome Powell recently hinted at a more aggressive pace of rate hikes, and this report fits that narrative since inflation is a much bigger concern than unemployment right now.”While an improving labor market is good for U.S. households, widespread job openings have made room for significant leverage for workers, driving wage gains higher and further elevating inflationary pressures.To add to that, Bank of America pointed out that amid the labor market recovery is a higher level of job openings for any given unemployment rate than compared to prior history. As a result, the short-run inflation neutral unemployment rate (NAIRU) may be higher than longer-run estimates, implying more sustained wage and price pressures in the near-term, according to the bank.The Labor Department's JOLTs (Job Openings and Labor Turnover Summary) for February will be released Tuesday with analysts, according to Bloomberg consensus, expecting vacancies of 11 million, similar to January's results.“The pandemic labor market has seen an extraordinary outward shift in the Beveridge curve (the relationship between unemployment and the job vacancy rate), suggesting difficulty in matching workers to jobs,” BofA economists said in a recent note. “This mismatch may reflect surging goods spending and hence a shortage of workers in the hottest part of the economy.”Fed's measure of inflationAlso on the inflation front, the Bureau of Economic Analysis is scheduled to release a fresh read on its monthly personal consumption expenditures (PCE) deflator this Thursday. The measure is another gauge of how quickly prices are increasing across the country. Consensus economists expect the PCE to post a rise of another 0.6% in February, according to Bloomberg data, This would mark the 15th consecutive monthly increase and bring the index up by 6.4% on a year-over-year basis.The core PCE index, which the Fed uses to conduct monetary policy, is also expected to show an increase when the print publishes Wednesday. Consensus economists are looking for a 5.5% increase in core PCE in February, compared to January’s 5.2% rise.The Fed's already arduous task of mitigating inflation without stunting economic growth is further complicated by geopolitical turmoil in Eastern Europe. War in Ukraine and penalizing sanctions against Russia for its invasion of the country have raised uncertainty in recent weeks over the conflict’s toll on the global economic picture and potential spillover consequences for the U.S. Namely, rising oil prices have elevated inflation expectations. WTI crude oil futures snapped a two-week losing streak to round out the week 8.8% higher at $113.90 per barrel as of Friday's close.OPEC+ (Organization of the Petroleum Exporting Countries) is scheduled to hold a virtual meeting on March 31 with Russia and its nine other allies to discuss May production levels. The intergovernmental organization is expected to maintain current production plans, even as crude oil prices trade at a 14-year high.“The Fed seems to be the only central bank still focused on increasing its hawkishness” amid higher energy prices and inflation,\" Charles Schwab Chief Global Investment Strategist Jeffrey Kleintop told Yahoo Finance Live. “It’s noteworthy.”Consumer confidenceAs inflation worries mount, consumers are getting wary about what's ahead. The Conference Board's Consumer Confidence Index due for release on Tuesday will show a timely snapshot of their thinking following the latest spike in prices. Economists surveyed by Bloomberg are looking for the index to fall to 107.0 for March following a read of 110.5 last month.Last week's further decline in the University of Michigan's final consumer sentiment index for March, which fell to 59.4 from a preliminary reading of 59.7 and 62.8 in the prior month, is an indication of consumers' changing attitude about their economic future. The survey saw more consumers report reduced living standards due to rising inflation than any other time except during the two worst recessions in the past 50 years: from March 1979 to April 1981, and from May to October 2008, the University of Michigan said.\"Usually consumers fret about job opportunities and the lack thereof, but this time, the consumer is in sync with Fed officials that the greatest danger the economy faces is inflation,\" Rupkey said in recent commentary. \"Consumers continue to spend, but future consumption is very much in doubt as the cost of store bought goods soars ever higher.\"\"We have rarely seen consumers this pessimistic outside of the darkest days of recessions, but the polling indicates the public is more scared about their economic future than they have been in years,\" he wrote. \"Everyone get out of the way because if the consumer stops, then the economy drops and it will be a miracle if the economy can avoid a shipwreck on the shores of recession.\"Earnings season has winded down — though the next quarterly read (representing the first three months of 2022) will be underway soon. A few reports are in the queue to trickle in on Friday, with names including Jefferies Financial , Chewy , Lululemon , and others.Economic calendarMonday: Advance Goods Trade Balance, February (-$106.3 billion expected, -$107.6 billion during prior month); Wholesale Inventories, month-over-month, February preliminary (1.2% expected, 0.8% during previous month, upwardly revised to 1.0%); Retail Inventories, month-over-month, February (1.4% expected, 4.9% during prior month); Dallas Fed Manufacturing Activity, March (11 expected, 14 during prior month)Tuesday: FHFA House Pricing Index, month-over-month, January (1.3% expected, 1.2% during prior month); S&P CoreLogic Case-Shiller 20-City Composite, month-over-month, January (1.50% expected, 1.46% during prior month); S&P CoreLogic Case-Shiller 20-City Composite, year-over-year, January (18.55% expected, 18.56% during prior month); S&P CoreLogic Case-Shiller U.S. National Home Price Index, year-over-year, January (18.84% during prior month); Conference Board Consumer Confidence, March (107.0 expected, 110.5 during prior read); Conference Board Present Situation, March (145.1 during prior read); Conference Board Expectations, March (87.5 during prior read); JOLTS job openings, February (11 million expected, 11.26 million during prior month)Wednesday: MBA Mortgage Applications, week ended March 25 (-8.1% during prior week); ADP Employment Change, March (450,000 expected, 475,000 during prior month); GDP Annualized, quarter-over-quarter, 4Q third (7.0% expected, 7.0% prior); Personal Consumption, quarter-over-quarter, 4Q third (3.1% expected, 3.1% prior); GDP Price Index, quarter-over-quarter, 4Q third (7.1% expected, 7.1% prior); Core PCE, quarter-over-quarter, 4Q third (5.0% expected, 5.0% prior);Thursday: Challenger Job Cuts, year-over-year, March (-55.9% during prior month); Personal Income, month-over-month, February (0.5% expected, 0.0% during prior month); Personal Spending, month-over-month, February (0.5% expected, 2.1% during prior month); Real Personal Spending, month-over-month, February (-0.2% expected, 1.5% during prior month); PCE deflator, month-over-month, February (0.6% expected, 0.6% during prior month); PCE deflator, year-over-year, February (6.4% expected, 6.1% during prior month); PCE core deflator, month-over-month, February (0.4% expected, 0.5% during prior month); PCE core deflator, year-over-year, February (5.5% expected, 5.2% during prior month); Initial Jobless Claims, week ended March 26 (200,000 expected, 187,000 during prior week); Continuing Claims, week ended March 19 (1.35 million expected, 1.35 million during prior week); MNI Chicago PMI, March (57.0 expected, 56.3 during prior month)Friday: Two-Month Payroll Net Revision, March (92,000 prior); Change in Nonfarm Payrolls, March (490,000 expected, 678,000 during prior month); Change in Private Payrolls, March (408,000 expected, 444,000 during prior month); Change in Manufacturing Payrolls, January (30,000 expected, 36,000 during prior month); Unemployment Rate, March (3.7% expected, 3.8% during prior month); Average Hourly Earnings, month-over-month, March (0.4% expected, 0.0% during prior month); Average Hourly Earnings, year-over-year, March (5.5% expected, 5.1% prior month); Average Weekly Hours All Employees, March (34.7 expected, 34.7 during prior month); Labor Force Participation Rate, March (62.4% expected, 62.3% during prior month); Underemployment Rate, March (7.2% prior month); S&P Global Manufacturing PMI, March final (58.5 expected, 58.5 during prior month); Construction Spending, month-over-month, February (1.0% expected, 1.3% during prior month); ISM Manufacturing, March (59.0 expected, 58.6 during prior month); ISM Prices Paid, March (80 expected, 75.6 prior month); ISM New Orders, March (61.7 during prior month); ISM Employment, March (52.9 during prior month); WARDS Total Vehicle Sales, March (13.90 million expected, 14.07 million prior month)Earnings calendarMondayBefore market open: TPG After market close: Jefferies Financial , Dave & Buster’s Entertainment TuesdayBefore market open: McCormick After market close: Chewy , RH , Micron Technology , Lululemon WednesdayBefore market open: Five BelowAfter market close: No notable reports scheduled for releaseThursdayBefore market open: Walgreens Boots Alliance (WBA)After market close: Blackberry FridayNo notable reports scheduled for release","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010829988,"gmtCreate":1648342354787,"gmtModify":1676534328665,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010829988","repostId":"1111363520","repostType":4,"repost":{"id":"1111363520","kind":"news","pubTimestamp":1648252161,"share":"https://ttm.financial/m/news/1111363520?lang=&edition=fundamental","pubTime":"2022-03-26 07:49","market":"us","language":"en","title":"What Are MANGO Stocks? Why MANGO Stocks Could Outperform？","url":"https://stock-news.laohu8.com/highlight/detail?id=1111363520","media":"investorplace","summary":"MANGO stocks, a new term investors are adding to their vocabularies today, are a group of semiconduc","content":"<html><head></head><body><p>MANGO stocks, a new term investors are adding to their vocabularies today, are a group of semiconductor stocks. This new acronym, a riff on the Nasdaq Composite’s top-performing FAANG tech stocks, is generating interest. So what are the MANGO stocks and what else do you need to know?</p><p>Like the fruit, MANGO stocks have provided sweet returns for investors recently. Bank of America analyst Vivek Arya suggests this group of chip stocks — Marvell Technology (NASDAQ:MRVL), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Analog Devices (NASDAQ:ADI), Nvidia (NASDAQ:NVDA), GlobalFoundries (NASDAQ:GFS) and ON Semiconductor (NASDAQ:ON) — could be leaders in the future economy. Notably, this analyst believes that these chip stocks can outperform despite various market concerns right now.</p><p>Finding a group of stocks that is able to weather this current environment is what many investors are after. Indeed, there is an impressive amount of uncertainty weighing on Wall Street right now. Investors are concerned with inflation, interest rate hikes, geopolitical tensions and supply chain bottlenecks.</p><p>The semiconductor sector is exposed to these issues. However, there are reasons why analysts are growing increasingly bullish on these stocks.</p><p>Let’s dive into what investors may want to consider with chip stocks right now.</p><h2>Why MANGO Stocks Could Outperform</h2><p>Despite the impacts of the pandemic and supply chain woes on chip makers, the Bank of America analyst believes there is reason to be bullish on MANGO stocks. This is because demand has been increasing for chips for some time, and the underlying technology is improving. Assuming these tailwinds remain in place, MANGO stocks could be key winners.</p><p>Additionally, Arya sees a few other things to like about chip stocks. Many of the names in the MANGO acronym have ties to the cloud and artificial intelligence. Others are in the electric vehicle space.</p><p>Most investors can wrap their heads around this rather easy-to-understand thesis. While semiconductor stocks have struggled this year, the for this sector remain bright. Thus, MANGO stocks are the new tech grouping investors may want to keep on their radar right now.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Are MANGO Stocks? Why MANGO Stocks Could Outperform？</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 Are MANGO Stocks? Why MANGO Stocks Could Outperform？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-26 07:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/what-are-mango-stocks/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MANGO stocks, a new term investors are adding to their vocabularies today, are a group of semiconductor stocks. This new acronym, a riff on the Nasdaq Composite’s top-performing FAANG tech stocks, is ...</p>\n\n<a href=\"https://investorplace.com/2022/03/what-are-mango-stocks/\">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","ADI":"亚德诺","MRVL":"迈威尔科技","ON":"安森美半导体","AMD":"美国超微公司","AVGO":"博通","GFS":"GLOBALFOUNDRIES Inc."},"source_url":"https://investorplace.com/2022/03/what-are-mango-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111363520","content_text":"MANGO stocks, a new term investors are adding to their vocabularies today, are a group of semiconductor stocks. This new acronym, a riff on the Nasdaq Composite’s top-performing FAANG tech stocks, is generating interest. So what are the MANGO stocks and what else do you need to know?Like the fruit, MANGO stocks have provided sweet returns for investors recently. Bank of America analyst Vivek Arya suggests this group of chip stocks — Marvell Technology (NASDAQ:MRVL), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Analog Devices (NASDAQ:ADI), Nvidia (NASDAQ:NVDA), GlobalFoundries (NASDAQ:GFS) and ON Semiconductor (NASDAQ:ON) — could be leaders in the future economy. Notably, this analyst believes that these chip stocks can outperform despite various market concerns right now.Finding a group of stocks that is able to weather this current environment is what many investors are after. Indeed, there is an impressive amount of uncertainty weighing on Wall Street right now. Investors are concerned with inflation, interest rate hikes, geopolitical tensions and supply chain bottlenecks.The semiconductor sector is exposed to these issues. However, there are reasons why analysts are growing increasingly bullish on these stocks.Let’s dive into what investors may want to consider with chip stocks right now.Why MANGO Stocks Could OutperformDespite the impacts of the pandemic and supply chain woes on chip makers, the Bank of America analyst believes there is reason to be bullish on MANGO stocks. This is because demand has been increasing for chips for some time, and the underlying technology is improving. Assuming these tailwinds remain in place, MANGO stocks could be key winners.Additionally, Arya sees a few other things to like about chip stocks. Many of the names in the MANGO acronym have ties to the cloud and artificial intelligence. Others are in the electric vehicle space.Most investors can wrap their heads around this rather easy-to-understand thesis. While semiconductor stocks have struggled this year, the for this sector remain bright. Thus, MANGO stocks are the new tech grouping investors may want to keep on their radar right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010143228,"gmtCreate":1648305357363,"gmtModify":1676534326623,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010143228","repostId":"2222052834","repostType":4,"repost":{"id":"2222052834","kind":"highlight","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":1648249343,"share":"https://ttm.financial/m/news/2222052834?lang=&edition=fundamental","pubTime":"2022-03-26 07:02","market":"us","language":"en","title":"US STOCKS-S&P 500 Ends Higher with Financials as Treasury Yields Jump","url":"https://stock-news.laohu8.com/highlight/detail?id=2222052834","media":"Reuters","summary":"* Financials rise with 10-yr yield* Tech shares down, weighing on Nasdaq* Utilities sector hits reco","content":"<html><head></head><body><p>* Financials rise with 10-yr yield</p><p>* Tech shares down, weighing on Nasdaq</p><p>* Utilities sector hits record high</p><p>* Indexes: Dow up 0.4%, S&amp;P 500 up 0.5%, Nasdaq down 0.2%</p><p>* For the week, Dow up 0.3%, S&amp;P 500 up 1.8%, Nasdaq up 2%</p><p>NEW YORK, March 25 (Reuters) - The S&amp;P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years.</p><p>The Nasdaq ended lower, and tech and other big growth names mostly declined, but they finished off session lows following a late-session rally.</p><p>For the week, the Nasdaq and S&amp;P 500 registered solid gains of 2% and 1.8%, respectively, and the Dow was nominally higher with a 0.3% rise.</p><p>The S&amp;P 500 financials sector gave the S&amp;P 500 its biggest boost on Friday, rising 1.3%, while technology and consumer discretionary sectors were the only two major sectors to end lower on the day.</p><p>Investors are assessing how aggressive the Federal Reserve will be as it tightens policy after Fed Chair Jerome Powell this week said that the central bank needed to move &#34;expeditiously&#34; to combat high inflation and raised the possibility of a 50-basis-point hike in rates in May.</p><p>U.S. Treasury yields jumped on Friday, with the benchmark 10-year note surging to nearly three-year highs, as the market grappled with high inflation and a Federal Reserve that could easily spark a downturn as it aggressively tightens policy.</p><p>Ten-year Treasury yields were last at 2.492% after earlier rising above 2.50% for the first time since May 2019.</p><p>The equity market is pricing in a higher rate environment, said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta.</p><p>That is causing bank stocks to outperform, while &#34;adding more pressure to the riskier elements of the market,&#34; such as growth shares, he said.</p><p>Higher borrowing rates benefit banks, while higher rates are a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.</p><p>The Dow Jones Industrial Average rose 153.3 points, or 0.44%, to 34,861.24, the S&amp;P 500    gained 22.9 points, or 0.51%, to 4,543.06 and the Nasdaq Composite dropped 22.54 points, or 0.16%, to 14,169.30.</p><p>Shares of growth companies like Nvidia Corp eased after leading a Wall Street rebound earlier this week.</p><p>The utilities sector also rose sharply, hitting a record high as investors favored defensive stocks with the Russia-Ukraine war still raging after a month.</p><p>The sector ended up 1.5% on the day and up 3.5% for the week, while the energy sector ended up 2.3% on the day and jumped more than 7% for the week following sharp gains in oil prices.</p><p>Moscow signaled on Friday it was scaling back its ambitions in Ukraine to focus on territory claimed by Russian-backed separatists.</p><p>Economists at Citibank are expecting four 50 basis points interest rate hikes from the Fed this year, joining other Wall Street banks in forecasting an aggressive tightening path against the backdrop of soaring inflation.</p><p>The U.S. central bank last week raised interest rates for the first time since 2018.</p><p>&#34;The market&#39;s really macro driven,&#34; said Steve DeSanctis, small- and mid-capitalization equity strategist at Jefferies in New York. &#34;Company fundamentals haven&#39;t really mattered.&#34;</p><p>Volume on U.S. exchanges was 11.92 billion shares, compared with the 14.28 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.08-to-1 ratio; on Nasdaq, a 1.40-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 57 new 52-week highs and five new lows; the Nasdaq Composite recorded 73 new highs and 79 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500 Ends Higher with Financials as Treasury Yields Jump</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500 Ends Higher with Financials as Treasury Yields Jump\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-26 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Financials rise with 10-yr yield</p><p>* Tech shares down, weighing on Nasdaq</p><p>* Utilities sector hits record high</p><p>* Indexes: Dow up 0.4%, S&amp;P 500 up 0.5%, Nasdaq down 0.2%</p><p>* For the week, Dow up 0.3%, S&amp;P 500 up 1.8%, Nasdaq up 2%</p><p>NEW YORK, March 25 (Reuters) - The S&amp;P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years.</p><p>The Nasdaq ended lower, and tech and other big growth names mostly declined, but they finished off session lows following a late-session rally.</p><p>For the week, the Nasdaq and S&amp;P 500 registered solid gains of 2% and 1.8%, respectively, and the Dow was nominally higher with a 0.3% rise.</p><p>The S&amp;P 500 financials sector gave the S&amp;P 500 its biggest boost on Friday, rising 1.3%, while technology and consumer discretionary sectors were the only two major sectors to end lower on the day.</p><p>Investors are assessing how aggressive the Federal Reserve will be as it tightens policy after Fed Chair Jerome Powell this week said that the central bank needed to move &#34;expeditiously&#34; to combat high inflation and raised the possibility of a 50-basis-point hike in rates in May.</p><p>U.S. Treasury yields jumped on Friday, with the benchmark 10-year note surging to nearly three-year highs, as the market grappled with high inflation and a Federal Reserve that could easily spark a downturn as it aggressively tightens policy.</p><p>Ten-year Treasury yields were last at 2.492% after earlier rising above 2.50% for the first time since May 2019.</p><p>The equity market is pricing in a higher rate environment, said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta.</p><p>That is causing bank stocks to outperform, while &#34;adding more pressure to the riskier elements of the market,&#34; such as growth shares, he said.</p><p>Higher borrowing rates benefit banks, while higher rates are a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.</p><p>The Dow Jones Industrial Average rose 153.3 points, or 0.44%, to 34,861.24, the S&amp;P 500    gained 22.9 points, or 0.51%, to 4,543.06 and the Nasdaq Composite dropped 22.54 points, or 0.16%, to 14,169.30.</p><p>Shares of growth companies like Nvidia Corp eased after leading a Wall Street rebound earlier this week.</p><p>The utilities sector also rose sharply, hitting a record high as investors favored defensive stocks with the Russia-Ukraine war still raging after a month.</p><p>The sector ended up 1.5% on the day and up 3.5% for the week, while the energy sector ended up 2.3% on the day and jumped more than 7% for the week following sharp gains in oil prices.</p><p>Moscow signaled on Friday it was scaling back its ambitions in Ukraine to focus on territory claimed by Russian-backed separatists.</p><p>Economists at Citibank are expecting four 50 basis points interest rate hikes from the Fed this year, joining other Wall Street banks in forecasting an aggressive tightening path against the backdrop of soaring inflation.</p><p>The U.S. central bank last week raised interest rates for the first time since 2018.</p><p>&#34;The market&#39;s really macro driven,&#34; said Steve DeSanctis, small- and mid-capitalization equity strategist at Jefferies in New York. &#34;Company fundamentals haven&#39;t really mattered.&#34;</p><p>Volume on U.S. exchanges was 11.92 billion shares, compared with the 14.28 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.08-to-1 ratio; on Nasdaq, a 1.40-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 57 new 52-week highs and five new lows; the Nasdaq Composite recorded 73 new highs and 79 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4550":"红杉资本持仓",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF","OEX":"标普100","BK4559":"巴菲特持仓","BK4581":"高盛持仓","IVV":"标普500指数ETF","SPY":"标普500ETF","BK4504":"桥水持仓","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","BK4534":"瑞士信贷持仓","SH":"标普500反向ETF","UPRO":"三倍做多标普500ETF",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222052834","content_text":"* Financials rise with 10-yr yield* Tech shares down, weighing on Nasdaq* Utilities sector hits record high* Indexes: Dow up 0.4%, S&P 500 up 0.5%, Nasdaq down 0.2%* For the week, Dow up 0.3%, S&P 500 up 1.8%, Nasdaq up 2%NEW YORK, March 25 (Reuters) - The S&P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years.The Nasdaq ended lower, and tech and other big growth names mostly declined, but they finished off session lows following a late-session rally.For the week, the Nasdaq and S&P 500 registered solid gains of 2% and 1.8%, respectively, and the Dow was nominally higher with a 0.3% rise.The S&P 500 financials sector gave the S&P 500 its biggest boost on Friday, rising 1.3%, while technology and consumer discretionary sectors were the only two major sectors to end lower on the day.Investors are assessing how aggressive the Federal Reserve will be as it tightens policy after Fed Chair Jerome Powell this week said that the central bank needed to move \"expeditiously\" to combat high inflation and raised the possibility of a 50-basis-point hike in rates in May.U.S. Treasury yields jumped on Friday, with the benchmark 10-year note surging to nearly three-year highs, as the market grappled with high inflation and a Federal Reserve that could easily spark a downturn as it aggressively tightens policy.Ten-year Treasury yields were last at 2.492% after earlier rising above 2.50% for the first time since May 2019.The equity market is pricing in a higher rate environment, said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta.That is causing bank stocks to outperform, while \"adding more pressure to the riskier elements of the market,\" such as growth shares, he said.Higher borrowing rates benefit banks, while higher rates are a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.The Dow Jones Industrial Average rose 153.3 points, or 0.44%, to 34,861.24, the S&P 500    gained 22.9 points, or 0.51%, to 4,543.06 and the Nasdaq Composite dropped 22.54 points, or 0.16%, to 14,169.30.Shares of growth companies like Nvidia Corp eased after leading a Wall Street rebound earlier this week.The utilities sector also rose sharply, hitting a record high as investors favored defensive stocks with the Russia-Ukraine war still raging after a month.The sector ended up 1.5% on the day and up 3.5% for the week, while the energy sector ended up 2.3% on the day and jumped more than 7% for the week following sharp gains in oil prices.Moscow signaled on Friday it was scaling back its ambitions in Ukraine to focus on territory claimed by Russian-backed separatists.Economists at Citibank are expecting four 50 basis points interest rate hikes from the Fed this year, joining other Wall Street banks in forecasting an aggressive tightening path against the backdrop of soaring inflation.The U.S. central bank last week raised interest rates for the first time since 2018.\"The market's really macro driven,\" said Steve DeSanctis, small- and mid-capitalization equity strategist at Jefferies in New York. \"Company fundamentals haven't really mattered.\"Volume on U.S. exchanges was 11.92 billion shares, compared with the 14.28 billion average for the full session over the last 20 trading days.Advancing issues outnumbered declining ones on the NYSE by a 1.08-to-1 ratio; on Nasdaq, a 1.40-to-1 ratio favored decliners.The S&P 500 posted 57 new 52-week highs and five new lows; the Nasdaq Composite recorded 73 new highs and 79 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035738747,"gmtCreate":1647675016207,"gmtModify":1676534258006,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035738747","repostId":"2220777059","repostType":4,"repost":{"id":"2220777059","kind":"news","pubTimestamp":1647653153,"share":"https://ttm.financial/m/news/2220777059?lang=&edition=fundamental","pubTime":"2022-03-19 09:25","market":"us","language":"en","title":"Sea Limited: The Three-Headed Monster","url":"https://stock-news.laohu8.com/highlight/detail?id=2220777059","media":"seekingalpha","summary":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but B","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Garena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.</li><li>In addition, Shopee&#39;s losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.</li><li>SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea&#39;s second cash cow.</li><li>With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion.</li><li>Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51b3290f2015840c5d8f754c01de8a85\" tg-width=\"750\" tg-height=\"422\" referrerpolicy=\"no-referrer\"/><span>undefined undefined/iStock via Getty Images</span></p><p>I&#39;ve been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I&#39;m doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let&#39;s get started!</p><p><b>Investment Thesis</b></p><p>Sea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company&#39;s slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee&#39;s losses are also getting worse.</p><p>The Group&#39;s cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.</p><p>On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea&#39;s second cash cow.</p><p>Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.</p><p>The three-headed monster is a Buy at these levels.</p><p><b>Value Proposition</b></p><p>Founded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.</p><blockquote><b>Mission</b>: To better the lives of consumers and small businesses with technology.</blockquote><p>Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea&#39;s main value proposition is providing a vertically-integrated experience through its different core businesses.</p><p><b>Garena</b></p><p>Its digital entertainment division, Garena, was Sea&#39;s first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.</p><p>Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena&#39;s Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s findings, Free Fire still holds the most downloads globally as of January 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa392753c19f14d60ee0d992e58c3d2f\" tg-width=\"1280\" tg-height=\"741\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>Garena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.</p><p>In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.</p><p><b>Shopee</b></p><p>Perhaps the most exciting business segment is Sea&#39;s mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6649de846b2942b928a3f3e5d4035003\" tg-width=\"640\" tg-height=\"200\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee</span></p><p>Through the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee&#39;s two premium shopping platforms, Shopee Mall and Shopee Premium.</p><p>Along with Shopee&#39;s e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:</p><ul><li><b>Service by Shopee</b> - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.</li><li><b>BuyerProtection</b> - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers&#39; funds in a separate account until delivery is complete, where funds will be released to buyers.</li><li><b>Integrated Logistics Services</b>- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.</li><li><b>Social Features</b> - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).</li><li><b>On-demand Services</b>- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).</li></ul><p>Shopee&#39;s scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee&#39;s most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f9c550b140720336e00cc78e954d184\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p><b>SeaMoney</b></p><p>SeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea&#39;s operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney&#39;s various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.</p><p>Through SeaMoney&#39;s mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a &#34;buy now pay later&#34; payment option, enables consumers to purchase items without accessing credit. For those who are interested, I&#39;ve written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.</p><p>SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c85c862195f86fe9d4f0f8c8beced6b\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SeaBank Website</span></p><p>SeaMoney&#39;s main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea&#39;s other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.</p><p><b>Market Opportunity</b></p><p>Sea&#39;s market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let&#39;s take a look at each industry that Sea operates in.</p><p>First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f72bda6df6bc2b7bdf8756d218f53185\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>According to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021&#39;s total figure. Given Garena&#39;s successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity&#39;s findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.</p><p>Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.</p><p>Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee&#39;s vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fcb903aed7c0ec901fc83c4f25f18b8\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.</p><p>Lastly, we have the fintech industry pertaining to SeaMoney. In my <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea&#39;s markets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47ec896a6208b6023ae89f654704bbc7\" tg-width=\"1261\" tg-height=\"706\" referrerpolicy=\"no-referrer\"/><span>Source: Ark Invest Big Ideas 2022</span></p><p>As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney&#39;s other brands will benefit from this trend. Also of important note, SeaMoney&#39;s expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0eb814b800c3121e3fb8cd0913f239d5\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.</p><p><b>Revenue Model</b></p><p>As mentioned previously, Sea operates three main business segments.</p><p><b>Digital Entertainment</b></p><p>Garena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.</p><p>Investors should take note of how revenue is recognized for this segment. According to Sea&#39;s 10-K:</p><blockquote>Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.</blockquote><p>Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.</p><blockquote>Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.</blockquote><p><b>E-commerce</b></p><p>Shopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.</p><p>Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.</p><p><b>Digital Financial Services</b></p><p>SeaMoney revenue consists of:</p><ul><li>Interest and fees from loans granted to commercial customers</li><li>Interest and fees from Sea&#39;s consumer credit business such as SPayLater</li><li>Commissions charged to merchants when a customer pays using SeaMoney&#39;s mobile wallet</li></ul><p><b>Income Statement</b></p><p>Let&#39;s analyze each of the business segments and then look at the entire Group as a whole.</p><p><b>Digital Entertainment</b></p><p>Garena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/998dfbcf3f3dba11b8f8722710c36ba4\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e06de5e6066b66cd5596a445cd912c98\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3&#39;s QAUs of 729 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5bdd570a9eb859a9fef8569c9fad10a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3&#39;s 93 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/092c4a2f47b9336f2753b4548707b39f\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea&#39;s two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f28c9f35ee55afb5c7d170a80d26ebf2\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.</p><p><b>E-Commerce</b></p><p>Shopee GMV continues its upward march as e-commerce continues to gain traction in Shopee&#39;s existing and newer markets. However, we&#39;re also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f657f7cacc9e00bc57df0e913fdb9ae\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>GMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fbc7f044de03ec379f262a5bfcdf331\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27710dc2140a6d139900819f51bd688a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The faster growth in Revenue was due to Shopee&#39;s increasing take rate, which displays Shopee&#39;s ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e4267bc5d33a2153e8624f73ed71540\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Despite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9d27cef61bc9a9058233f7eccc5eaa1\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c0d6aa930a81ea4fc153b7134dbf9d3\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>On the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before &#34;allocation of the headquarters’ common expenses&#34; was $(0.15), an improvement from last year&#39;s $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:</p><blockquote>We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.</blockquote><p><b>Digital Financial Services</b></p><p>SeaMoney&#39;s Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fa5ef6efa513d9040963fda42b4b9f2\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9397aec066366f40ec92c24187347a44\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcaf6046cf3c27e00b233a8428eb2d75\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Furthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.</p><p>As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney&#39;s AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51f0d5a1800fef748694417e8cb8fc9f\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>This is the segment that investors should pay special attention to, given that it has the potential to be Sea&#39;s second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney&#39;s long-term margin profile.</p><p><b>Group</b></p><p>With that said, let&#39;s take a look at how the business is doing as a whole.</p><p>FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38de60bd773f3ef7afc4b2e28aa1c08f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Here, we can see how Revenue is distributed across the different segments.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a86e59478db8a3a4fdc85897f24410e9\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>What&#39;s encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee&#39;s aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd978ba4047cc6e20ac6086ba8420a8f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Operating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fbdbde2c2ae744f36f8168ed32f94d62\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Most of the Operating Expenses were used for Sales &amp; Marketing purposes. Unsurprisingly, Shopee had the highest S&amp;M burn rate. Discounts, cashback, celebrity promotions... they&#39;re everywhere.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5253f186120da17c4cd901e5c442bd1e\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Operating Profit Margins is still negative, although it is trending in the right direction.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a27b7833551107397c44acefc5ad2475\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA, on the other hand, is plunging. This is due to Garena&#39;s falling Bookings and Shoppe&#39;s widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d89fb95f74e23e85f8932870c0190bee\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021&#39;s number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.</p><p>On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena&#39;s estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae5e9399a838e5f841dcccaffbe673d8\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Because Garena is such an important piece of Shopee&#39;s and SeaMoney&#39;s growth story, a deceleration in Garena&#39;s business had investors reacting so negatively to Sea&#39;s latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.</p><p><b>Balance Sheet</b></p><p>Sea&#39;s balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc30ee494abc2eda3b75434b96e4a66b\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Adjusting for Sea&#39;s debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d3d0030e6518cc4198245f624cc75e1\" tg-width=\"640\" tg-height=\"437\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>With net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.</p><p><b>Cash Flow Statement</b></p><p>Here is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0aba061277a1410bb9f3dc176ea0115\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Unlike other high-flying growth companies, Sea&#39;s Share-Based Compensation expenses are relatively low.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81fa229682c8880d6edd35535ef6a747\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p><b>Competitive Moats</b></p><p>Based on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.</p><p><b>Brand</b></p><p>As discussed in previous sections, Garena&#39;s games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.</p><p><b>Network Effects</b></p><p>The sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world&#39;s population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.</p><p>With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c641ac08707cc868b9e6004e2deaf950\" tg-width=\"1200\" tg-height=\"600\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee Brazil</span></p><p><b>Barriers To Entry</b></p><p>I believe each of Sea&#39;s core businesses is operating in a winner-takes-most environment with high barriers to entry.</p><p>The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena&#39;s Free Fire is certainly a blockbuster game and time in Free Fire&#39;s game means time away from other mobile games.</p><p>Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.</p><p>Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.</p><p><b>Valuation</b></p><p>Based on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2400cd917e5f6ce8c47ef74a8062093\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/><span>Source: Author&#39;s Analysis</span></p><p>On the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bed1fd805a89523bbb8fa982bee40079\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>In terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf589a808c84131e9c36aa7b65a5129\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>The valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.</p><p><b>Catalysts</b></p><ul><li><b>Successful International Expansion</b> — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee&#39;s growth could turn exponential.</li><li><b>The Metaverse</b> — Sea&#39;s withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.</li></ul><blockquote>We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.</blockquote><ul><li><b>Regional SuperApp</b> — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.</li><li><b>Continued Growth In SeaMoney</b> — SeaMoney is still in its early stages and continued adoption of Sea&#39;s digital financial services offerings will be a strong addition to Sea&#39;s bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.</li><li><b>Free Fire India Ban Lift</b>— Garena&#39;s weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea&#39;s cash burn problems may be eliminated.</li></ul><p><b>Risks</b></p><ul><li><b>The Pressure to Launch Blockbuster Games</b>— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.</li><li><b>Shopee India Ban</b> — With Free Fire banned in India, there&#39;s also the potential for Shoppe to be banned as well.</li><li><b>Failure to Gain Traction in International Markets</b>— Shopee pulled out of France in early March, an indication that Shoppe&#39;s business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.</li><li><b>Geopolitical Risks</b>— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.</li><li><b>Local Competition</b>— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.</li></ul><p>In addition, there&#39;s a certain level of pride for consumers to see their native-born companies succeed. I&#39;m Indonesian, and it makes me really happy to see GoTo grow and grow.</p><p>GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here&#39;s a glance of GoTo&#39;s stats for the 12-months ended 30 September 2021:</p><ul><li>Valuation: $26.2 billion to $28.8 billion</li><li>GMV: $28.8 billion</li><li>Revenue: $1 billion</li><li>Gross Orders: 2 billion</li><li>Annual Transacting Users: 55 million</li><li>Driver Partners: 2.5 million</li><li>Merchants: 14 million</li></ul><p>The point is that there are big-time local players operating in Sea&#39;s markets that investors should never ignore. Here&#39;s a little snippet from my previous Shopee article:</p><blockquote>But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.</blockquote><blockquote>Meanwhile, Sea Limited&#39;s stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo&#39;s integration, Shopee&#39;s vertically-integrated business model doesn&#39;t look like a strong competitive advantage anymore.</blockquote><p><b>Conclusion</b></p><p>Each of Sea&#39;s core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.</p><p>That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company&#39;s unsustainable cash burn rate, which will likely lead to further capital raises in the near future.</p><p>Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.</p><p>Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don&#39;t hesitate to share your thoughts as well.</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: The Three-Headed Monster</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: The Three-Headed Monster\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-19 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster\">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/4496480-sea-limited-the-three-headed-monster","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2220777059","content_text":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea's second cash cow.With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion.Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.undefined undefined/iStock via Getty ImagesI've been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I'm doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let's get started!Investment ThesisSea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company's slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee's losses are also getting worse.The Group's cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea's second cash cow.Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.The three-headed monster is a Buy at these levels.Value PropositionFounded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.Mission: To better the lives of consumers and small businesses with technology.Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea's main value proposition is providing a vertically-integrated experience through its different core businesses.GarenaIts digital entertainment division, Garena, was Sea's first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena's Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor Tower's findings, Free Fire still holds the most downloads globally as of January 2022.Source: SensorTowerGarena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.ShopeePerhaps the most exciting business segment is Sea's mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.Source: ShopeeThrough the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee's two premium shopping platforms, Shopee Mall and Shopee Premium.Along with Shopee's e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:Service by Shopee - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.BuyerProtection - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers' funds in a separate account until delivery is complete, where funds will be released to buyers.Integrated Logistics Services- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.Social Features - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).On-demand Services- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).Shopee's scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee's most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.Source: SensorTowerSeaMoneySeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea's operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney's various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.Through SeaMoney's mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a \"buy now pay later\" payment option, enables consumers to purchase items without accessing credit. For those who are interested, I've written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.Source: SeaBank WebsiteSeaMoney's main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea's other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.Market OpportunitySea's market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let's take a look at each industry that Sea operates in.First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.Source: SensorTowerAccording to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021's total figure. Given Garena's successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity's findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee's vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.Source: e-Conomy SEA 2021Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.Lastly, we have the fintech industry pertaining to SeaMoney. In my PayPal (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea's markets.Source: Ark Invest Big Ideas 2022As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney's other brands will benefit from this trend. Also of important note, SeaMoney's expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.Source: e-Conomy SEA 2021As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.Revenue ModelAs mentioned previously, Sea operates three main business segments.Digital EntertainmentGarena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.Investors should take note of how revenue is recognized for this segment. According to Sea's 10-K:Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.E-commerceShopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.Digital Financial ServicesSeaMoney revenue consists of:Interest and fees from loans granted to commercial customersInterest and fees from Sea's consumer credit business such as SPayLaterCommissions charged to merchants when a customer pays using SeaMoney's mobile walletIncome StatementLet's analyze each of the business segments and then look at the entire Group as a whole.Digital EntertainmentGarena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.Source: Sea Limited Investor Relations and Author's AnalysisThe rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.Source: Sea Limited Investor Relations and Author's AnalysisThe drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3's QAUs of 729 million.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3's 93 million.Source: Sea Limited Investor Relations and Author's AnalysisThe markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea's two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.Source: Sea Limited Investor Relations and Author's AnalysisAs such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.E-CommerceShopee GMV continues its upward march as e-commerce continues to gain traction in Shopee's existing and newer markets. However, we're also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.Source: Sea Limited Investor Relations and Author's AnalysisGMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.Source: Sea Limited Investor Relations and Author's AnalysisThe increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.Source: Sea Limited Investor Relations and Author's AnalysisThe faster growth in Revenue was due to Shopee's increasing take rate, which displays Shopee's ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.Source: Sea Limited Investor Relations and Author's AnalysisDespite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).Source: Sea Limited Investor Relations and Author's AnalysisOn the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before \"allocation of the headquarters’ common expenses\" was $(0.15), an improvement from last year's $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.Digital Financial ServicesSeaMoney's Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.Source: Sea Limited Investor Relations and Author's AnalysisThe growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.Source: Sea Limited Investor Relations and Author's AnalysisThe real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.Source: Sea Limited Investor Relations and Author's AnalysisFurthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney's AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.Source: Sea Limited Investor Relations and Author's AnalysisThis is the segment that investors should pay special attention to, given that it has the potential to be Sea's second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney's long-term margin profile.GroupWith that said, let's take a look at how the business is doing as a whole.FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.Source: Sea Limited Investor Relations and Author's AnalysisHere, we can see how Revenue is distributed across the different segments.Source: Sea Limited Investor Relations and Author's AnalysisWhat's encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee's aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.Source: Sea Limited Investor Relations and Author's AnalysisOperating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.Source: Sea Limited Investor Relations and Author's AnalysisMost of the Operating Expenses were used for Sales & Marketing purposes. Unsurprisingly, Shopee had the highest S&M burn rate. Discounts, cashback, celebrity promotions... they're everywhere.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Operating Profit Margins is still negative, although it is trending in the right direction.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA, on the other hand, is plunging. This is due to Garena's falling Bookings and Shoppe's widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.Source: Sea Limited Investor Relations and Author's AnalysisThe guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021's number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena's estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.Source: Sea Limited FY2021 Q4 Investor PresentationBecause Garena is such an important piece of Shopee's and SeaMoney's growth story, a deceleration in Garena's business had investors reacting so negatively to Sea's latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.Balance SheetSea's balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.Source: Sea Limited FY2021 Q4 Investor PresentationAdjusting for Sea's debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.Source: Sea Limited Investor Relations and Author's AnalysisWith net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.Cash Flow StatementHere is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.Source: Sea Limited Investor Relations and Author's AnalysisUnlike other high-flying growth companies, Sea's Share-Based Compensation expenses are relatively low.Source: Sea Limited Investor Relations and Author's AnalysisCompetitive MoatsBased on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.BrandAs discussed in previous sections, Garena's games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.Network EffectsThe sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world's population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.Source: Shopee BrazilBarriers To EntryI believe each of Sea's core businesses is operating in a winner-takes-most environment with high barriers to entry.The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena's Free Fire is certainly a blockbuster game and time in Free Fire's game means time away from other mobile games.Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and MercadoLibre (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.ValuationBased on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.Source: Author's AnalysisOn the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.Source: KoyfinIn terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.Source: KoyfinThe valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.CatalystsSuccessful International Expansion — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee's growth could turn exponential.The Metaverse — Sea's withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.Regional SuperApp — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.Continued Growth In SeaMoney — SeaMoney is still in its early stages and continued adoption of Sea's digital financial services offerings will be a strong addition to Sea's bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.Free Fire India Ban Lift— Garena's weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea's cash burn problems may be eliminated.RisksThe Pressure to Launch Blockbuster Games— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.Shopee India Ban — With Free Fire banned in India, there's also the potential for Shoppe to be banned as well.Failure to Gain Traction in International Markets— Shopee pulled out of France in early March, an indication that Shoppe's business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.Geopolitical Risks— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.Local Competition— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.In addition, there's a certain level of pride for consumers to see their native-born companies succeed. I'm Indonesian, and it makes me really happy to see GoTo grow and grow.GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here's a glance of GoTo's stats for the 12-months ended 30 September 2021:Valuation: $26.2 billion to $28.8 billionGMV: $28.8 billionRevenue: $1 billionGross Orders: 2 billionAnnual Transacting Users: 55 millionDriver Partners: 2.5 millionMerchants: 14 millionThe point is that there are big-time local players operating in Sea's markets that investors should never ignore. Here's a little snippet from my previous Shopee article:But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.Meanwhile, Sea Limited's stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo's integration, Shopee's vertically-integrated business model doesn't look like a strong competitive advantage anymore.ConclusionEach of Sea's core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company's unsustainable cash burn rate, which will likely lead to further capital raises in the near future.Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don't hesitate to share your thoughts as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039969230,"gmtCreate":1645885859902,"gmtModify":1676534072528,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039969230","repostId":"1125580913","repostType":4,"repost":{"id":"1125580913","kind":"news","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":1645926503,"share":"https://ttm.financial/m/news/1125580913?lang=&edition=fundamental","pubTime":"2022-02-27 09:48","market":"us","language":"en","title":"Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1125580913","media":"Tiger Newspress","summary":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-yea","content":"<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</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>Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s 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\">\nBuffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value\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\">2022-02-27 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125580913","content_text":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”Read the full letter here：To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.What You OwnBerkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.Surprise, SurpriseHere are a few items about your company that often surprise even seasoned investors:• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.Our Four GiantsThrough Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.InvestmentsNow let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.* This is our actual purchase price and also our tax basis.** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.U.S. Treasury BillsBerkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.But $144 billion?That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.Share RepurchasesThere are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.A Wonderful Man and a Wonderful BusinessLast year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.In all ways, Paul was a class act.* * * * * * * * * * * *Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.ThanksI taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction workingfor you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”The Annual MeetingClear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.February 26, 2022Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094479069,"gmtCreate":1645230114754,"gmtModify":1676534010409,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094479069","repostId":"2212490673","repostType":4,"repost":{"id":"2212490673","kind":"highlight","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":1645226010,"share":"https://ttm.financial/m/news/2212490673?lang=&edition=fundamental","pubTime":"2022-02-19 07:13","market":"us","language":"en","title":"Wall Street Ends Lower as Investors Eye Ukraine Conflict","url":"https://stock-news.laohu8.com/highlight/detail?id=2212490673","media":"Reuters","summary":"* Roku tumbles as supply chain issues hit sales* Monthly options expiry seen adding volatilityFeb 18 (Reuters) - Wall Street ended lower on Friday after escalating tensions in Ukraine and U.S. warning","content":"<html><head></head><body><p>* Roku tumbles as supply chain issues hit sales</p><p>* Monthly options expiry seen adding volatility</p><p>Feb 18 (Reuters) - Wall Street ended lower on Friday after escalating tensions in Ukraine and U.S. warnings of a potential Russian invasion prompted investors to dump risky assets in the run-up to a long weekend.</p><p>The Nasdaq fell sharply, pulled down by declines in high-growth stocks, including Apple, Amazon and Microsoft, each down around.</p><p>Russian-backed separatists packed civilians onto buses out of breakaway regions in east Ukraine, another development in a conflict the West believes Moscow plans to use as justification for all-out invasion of its neighbor. Russia has said it has no intention to attack Ukraine, accusing the West of fear-mongering.</p><p>Speculation about the Federal Reserve&#39;s next move also weighed on equities. New York Fed Bank President John Williams said earlier in the day it would be appropriate to hike interest rates in March, without mentioning the magnitude.</p><p>&#34;This is a confused market, confused about Ukraine, confused about how aggressive the Fed is going to be, and pretty much ignoring very strong earnings results from the fourth quarter,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York.</p><p>Expiration of monthly options contracts was also seen adding to the volatility ahead of the U.S. market holiday on Monday for Presidents&#39; Day.</p><p>The Dow Jones Industrial Average fell 0.68% to end at 34,079.18 points, while the S&amp;P 500 lost 0.72% to 4,348.87.</p><p>The Nasdaq Composite dropped 1.23% to 13,548.07.</p><p>The indexes logged weekly declines for the second straight week, buffeted by rising tensions between Moscow and the West over Ukraine. For the week, the S&amp;P 500 fell 1.6%, the Dow lost 1.9% and the Nasdaq declined 1.8%.</p><p>Intel Corp tumbled 5.3% to its lowest since 2020 after the chipmaker&#39;s turnaround pitch failed to impress investors worried about its loss of market share.</p><p>About 78% of the 417 S&amp;P 500 companies have in this reporting season posted quarterly earnings above analyst estimates as per Refinitiv data.</p><p><a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> slumped 22% after the streaming platform&#39;s disappointing quarterly revenue and first-quarter outlook.</p><p>DraftKings Inc also fell 22% after the sports-betting company forecast a bigger-than anticipated 2022 loss.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.84-to-1 ratio; on Nasdaq, a 2.10-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 8 new 52-week highs and 28 new lows; the Nasdaq Composite recorded 19 new highs and 395 new lows.</p><p>Volume on U.S. exchanges was 11.3 billion shares, compared with the 12.3 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Ends Lower as Investors Eye Ukraine Conflict</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Ends Lower as Investors Eye Ukraine Conflict\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\">2022-02-19 07:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Roku tumbles as supply chain issues hit sales</p><p>* Monthly options expiry seen adding volatility</p><p>Feb 18 (Reuters) - Wall Street ended lower on Friday after escalating tensions in Ukraine and U.S. warnings of a potential Russian invasion prompted investors to dump risky assets in the run-up to a long weekend.</p><p>The Nasdaq fell sharply, pulled down by declines in high-growth stocks, including Apple, Amazon and Microsoft, each down around.</p><p>Russian-backed separatists packed civilians onto buses out of breakaway regions in east Ukraine, another development in a conflict the West believes Moscow plans to use as justification for all-out invasion of its neighbor. Russia has said it has no intention to attack Ukraine, accusing the West of fear-mongering.</p><p>Speculation about the Federal Reserve&#39;s next move also weighed on equities. New York Fed Bank President John Williams said earlier in the day it would be appropriate to hike interest rates in March, without mentioning the magnitude.</p><p>&#34;This is a confused market, confused about Ukraine, confused about how aggressive the Fed is going to be, and pretty much ignoring very strong earnings results from the fourth quarter,&#34; said Tim Ghriskey, senior portfolio strategist at Ingalls &amp; Snyder in New York.</p><p>Expiration of monthly options contracts was also seen adding to the volatility ahead of the U.S. market holiday on Monday for Presidents&#39; Day.</p><p>The Dow Jones Industrial Average fell 0.68% to end at 34,079.18 points, while the S&amp;P 500 lost 0.72% to 4,348.87.</p><p>The Nasdaq Composite dropped 1.23% to 13,548.07.</p><p>The indexes logged weekly declines for the second straight week, buffeted by rising tensions between Moscow and the West over Ukraine. For the week, the S&amp;P 500 fell 1.6%, the Dow lost 1.9% and the Nasdaq declined 1.8%.</p><p>Intel Corp tumbled 5.3% to its lowest since 2020 after the chipmaker&#39;s turnaround pitch failed to impress investors worried about its loss of market share.</p><p>About 78% of the 417 S&amp;P 500 companies have in this reporting season posted quarterly earnings above analyst estimates as per Refinitiv data.</p><p><a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> slumped 22% after the streaming platform&#39;s disappointing quarterly revenue and first-quarter outlook.</p><p>DraftKings Inc also fell 22% after the sports-betting company forecast a bigger-than anticipated 2022 loss.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.84-to-1 ratio; on Nasdaq, a 2.10-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 8 new 52-week highs and 28 new lows; the Nasdaq Composite recorded 19 new highs and 395 new lows.</p><p>Volume on U.S. exchanges was 11.3 billion shares, compared with the 12.3 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4141":"半导体产品","SPY":"标普500ETF",".SPX":"S&P 500 Index","BK4512":"苹果概念","BK4504":"桥水持仓","ROKU":"Roku Inc",".IXIC":"NASDAQ Composite","BK4548":"巴美列捷福持仓",".DJI":"道琼斯","BK4529":"IDC概念","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","INTC":"英特尔","BK4108":"电影和娱乐"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2212490673","content_text":"* Roku tumbles as supply chain issues hit sales* Monthly options expiry seen adding volatilityFeb 18 (Reuters) - Wall Street ended lower on Friday after escalating tensions in Ukraine and U.S. warnings of a potential Russian invasion prompted investors to dump risky assets in the run-up to a long weekend.The Nasdaq fell sharply, pulled down by declines in high-growth stocks, including Apple, Amazon and Microsoft, each down around.Russian-backed separatists packed civilians onto buses out of breakaway regions in east Ukraine, another development in a conflict the West believes Moscow plans to use as justification for all-out invasion of its neighbor. Russia has said it has no intention to attack Ukraine, accusing the West of fear-mongering.Speculation about the Federal Reserve's next move also weighed on equities. New York Fed Bank President John Williams said earlier in the day it would be appropriate to hike interest rates in March, without mentioning the magnitude.\"This is a confused market, confused about Ukraine, confused about how aggressive the Fed is going to be, and pretty much ignoring very strong earnings results from the fourth quarter,\" said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.Expiration of monthly options contracts was also seen adding to the volatility ahead of the U.S. market holiday on Monday for Presidents' Day.The Dow Jones Industrial Average fell 0.68% to end at 34,079.18 points, while the S&P 500 lost 0.72% to 4,348.87.The Nasdaq Composite dropped 1.23% to 13,548.07.The indexes logged weekly declines for the second straight week, buffeted by rising tensions between Moscow and the West over Ukraine. For the week, the S&P 500 fell 1.6%, the Dow lost 1.9% and the Nasdaq declined 1.8%.Intel Corp tumbled 5.3% to its lowest since 2020 after the chipmaker's turnaround pitch failed to impress investors worried about its loss of market share.About 78% of the 417 S&P 500 companies have in this reporting season posted quarterly earnings above analyst estimates as per Refinitiv data.Roku Inc slumped 22% after the streaming platform's disappointing quarterly revenue and first-quarter outlook.DraftKings Inc also fell 22% after the sports-betting company forecast a bigger-than anticipated 2022 loss.Declining issues outnumbered advancing ones on the NYSE by a 1.84-to-1 ratio; on Nasdaq, a 2.10-to-1 ratio favored decliners.The S&P 500 posted 8 new 52-week highs and 28 new lows; the Nasdaq Composite recorded 19 new highs and 395 new lows.Volume on U.S. exchanges was 11.3 billion shares, compared with the 12.3 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092728407,"gmtCreate":1644735994303,"gmtModify":1676533958074,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Great. Who is the competitors?","listText":"Great. Who is the competitors?","text":"Great. Who is the competitors?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092728407","repostId":"2210752103","repostType":4,"repost":{"id":"2210752103","kind":"highlight","pubTimestamp":1644714900,"share":"https://ttm.financial/m/news/2210752103?lang=&edition=fundamental","pubTime":"2022-02-13 09:15","market":"us","language":"en","title":"This Disruptive Company Has Explosive Growth Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=2210752103","media":"Motley Fool","summary":"The company's latest innovation transforms how companies perform a routine task.","content":"<html><head></head><body><p><b>Paycom Software</b> (NYSE:PAYC) has been at the forefront of disrupting the payroll sector since CEO Chad Richison founded the company in 1998. His company revolutionized the payroll process by taking it entirely online. It has continued to be a disruptive force over the years, developing a single cloud-based software solution to help companies manage all their human resources (HR) processes.</p><p>The company&#39;s latest innovation, Beti, is once again disrupting the industry by changing the entire payroll procedure. It&#39;s helping drive explosive growth for Paycom, which could continue for years to come.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/933b605f0da9ea748d7fd549f8360a85\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>A better payroll system</h2><p>Richison discussed Paycom&#39;s latest disruptive move on the fourth-quarter conference call. He noted that the company &#34;extended our platform to the employee even further through innovations like BETI, which enables employees to do their own payroll, and we are seeing very strong adoption and record employee usage.&#34;</p><p>The company sees Beti, which stands for Better Employee Transaction Interface, as the new way of doing payroll. The industry-first employee-driven payroll solution improves data accuracy, oversight, and user experience. It puts the payroll responsibility into the hands of employees, eliminating a multistep, imperfect, and time-consuming process for HR departments while giving employees more insight into their pay.</p><p>Richison stated on the call:</p><blockquote>For years, I have been predicting the end of the old model, whereby HR and payroll personnel&#39;s routine of inputting data for employees, is replaced by a self-service model that provides employees direct access to the database. The old model is dying and that is good for both the business and the employee. Paycom is leading this transformation.</blockquote><p>That&#39;s just the latest innovation from the company. The company&#39;s single-database HR platform works better than the cobbled-together systems that most companies use today. That has enabled Paycom to capitalize by offering companies an easy-to-use system that improves user experiences, allowing them to maximize the return on this investment in Paycom&#39;s software.</p><h2>An unstoppable growth driver</h2><p>This award-winning solution has been a smashing success. It helped drive record annual revenue retention of 94% in 2021, up from 93% in the prior year. It was also a key growth driver. The company ended the year with nearly 34,000 clients, up 9% compared to 2020. Meanwhile, revenue surged 29% year-over-year in the fourth quarter and 25.4% for the full year. Earnings grew even faster as its margin expanded despite aggressive spending to grow the business. The company delivered an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 39.7% of its revenue in 2021, up from 39.3% in 2020.</p><p>Paycom is only scratching the surface of its potential. Richison noted on the call that &#34;we still only have approximately 5% of the TAM (total available market) today, so there&#39;s plenty of runway ahead to expand and continue to capture market share.&#34; It&#39;s investing heavily to continue taking more market share. It opened five new outside sales offices over the last five months (<a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>, Las Vegas, Jacksonville, New England, and South Jersey) -- bringing the total to 54 -- to expand its geographic reach. In addition, it has expanded the upper end of its target client size from those with up to 5,000 employees to those with upwards of 10,000 employees.</p><p>These catalysts have Paycom positioned to continue growing fast in 2022 and beyond. The cloud-based software company sees its revenue rising to more than $1.3 billion this year, putting it up nearly 25% from last year&#39;s total. Meanwhile, it sees a further improvement in its adjusted EBITDA margin to around 40% this year, suggesting continued strong profit growth.</p><h2>Lots of growth still ahead</h2><p>Paycom continues to disrupt the payroll industry by launching innovative software solutions that improve the process. While it has grown tremendously over the years, it still has lots of room to run. That upside potential makes it a stock that investors won&#39;t want to miss.</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>This Disruptive Company Has Explosive Growth Potential</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\">\nThis Disruptive Company Has Explosive Growth Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-13 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/12/this-disruptive-company-has-explosive-growth-poten/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paycom Software (NYSE:PAYC) has been at the forefront of disrupting the payroll sector since CEO Chad Richison founded the company in 1998. His company revolutionized the payroll process by taking it ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/12/this-disruptive-company-has-explosive-growth-poten/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4203":"医疗保健房地产投资信托","BK4528":"SaaS概念","BK4023":"应用软件","PAYC":"Paycom Software, Inc."},"source_url":"https://www.fool.com/investing/2022/02/12/this-disruptive-company-has-explosive-growth-poten/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210752103","content_text":"Paycom Software (NYSE:PAYC) has been at the forefront of disrupting the payroll sector since CEO Chad Richison founded the company in 1998. His company revolutionized the payroll process by taking it entirely online. It has continued to be a disruptive force over the years, developing a single cloud-based software solution to help companies manage all their human resources (HR) processes.The company's latest innovation, Beti, is once again disrupting the industry by changing the entire payroll procedure. It's helping drive explosive growth for Paycom, which could continue for years to come.Image source: Getty Images.A better payroll systemRichison discussed Paycom's latest disruptive move on the fourth-quarter conference call. He noted that the company \"extended our platform to the employee even further through innovations like BETI, which enables employees to do their own payroll, and we are seeing very strong adoption and record employee usage.\"The company sees Beti, which stands for Better Employee Transaction Interface, as the new way of doing payroll. The industry-first employee-driven payroll solution improves data accuracy, oversight, and user experience. It puts the payroll responsibility into the hands of employees, eliminating a multistep, imperfect, and time-consuming process for HR departments while giving employees more insight into their pay.Richison stated on the call:For years, I have been predicting the end of the old model, whereby HR and payroll personnel's routine of inputting data for employees, is replaced by a self-service model that provides employees direct access to the database. The old model is dying and that is good for both the business and the employee. Paycom is leading this transformation.That's just the latest innovation from the company. The company's single-database HR platform works better than the cobbled-together systems that most companies use today. That has enabled Paycom to capitalize by offering companies an easy-to-use system that improves user experiences, allowing them to maximize the return on this investment in Paycom's software.An unstoppable growth driverThis award-winning solution has been a smashing success. It helped drive record annual revenue retention of 94% in 2021, up from 93% in the prior year. It was also a key growth driver. The company ended the year with nearly 34,000 clients, up 9% compared to 2020. Meanwhile, revenue surged 29% year-over-year in the fourth quarter and 25.4% for the full year. Earnings grew even faster as its margin expanded despite aggressive spending to grow the business. The company delivered an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 39.7% of its revenue in 2021, up from 39.3% in 2020.Paycom is only scratching the surface of its potential. Richison noted on the call that \"we still only have approximately 5% of the TAM (total available market) today, so there's plenty of runway ahead to expand and continue to capture market share.\" It's investing heavily to continue taking more market share. It opened five new outside sales offices over the last five months (Manhattan, Las Vegas, Jacksonville, New England, and South Jersey) -- bringing the total to 54 -- to expand its geographic reach. In addition, it has expanded the upper end of its target client size from those with up to 5,000 employees to those with upwards of 10,000 employees.These catalysts have Paycom positioned to continue growing fast in 2022 and beyond. The cloud-based software company sees its revenue rising to more than $1.3 billion this year, putting it up nearly 25% from last year's total. Meanwhile, it sees a further improvement in its adjusted EBITDA margin to around 40% this year, suggesting continued strong profit growth.Lots of growth still aheadPaycom continues to disrupt the payroll industry by launching innovative software solutions that improve the process. While it has grown tremendously over the years, it still has lots of room to run. That upside potential makes it a stock that investors won't want to miss.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092592143,"gmtCreate":1644652080019,"gmtModify":1676533951062,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092592143","repostId":"2210652351","repostType":4,"repost":{"id":"2210652351","kind":"highlight","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":1644614344,"share":"https://ttm.financial/m/news/2210652351?lang=&edition=fundamental","pubTime":"2022-02-12 05:19","market":"us","language":"en","title":"Wall Street ends down sharply on fears of Ukraine conflict","url":"https://stock-news.laohu8.com/highlight/detail?id=2210652351","media":"Reuters","summary":"Feb 11 (Reuters) - Wall Street stocks ended sharply lower on Friday for the second straight session,","content":"<html><head></head><body><p>Feb 11 (Reuters) - Wall Street stocks ended sharply lower on Friday for the second straight session, as investors fretted about deepening tensions between Russia and Ukraine.</p><p>Nine of the 11 major S&amp;P 500 sector indexes declined, led by technology   , down 3.0%, and consumer discretionary, down 2.8%. The energy sector index    surged 2.8% as oil prices hit seven-year highs.</p><p>With investors already fretting about inflation and rising interest rates, selling on Wall Street accelerated after Washington warned that Russia had massed enough troops near Ukraine to launch a major invasion, and that an attack could begin any day.</p><p>&#34;We just have to see how this plays out over the weekend and whether or not international leadership can bring this under wraps,&#34; said Thomas Hayes, managing member at Great Hill Capital LLC in New York. &#34;If not, then the knock-on effects could be material, and that&#39;s what the markets is worried about.&#34;</p><p>Nvidia Corp    tumbled 7.3%, Amazon.com Inc    dropped 3.6%, and Apple Inc    and Microsoft Corp    both lost over 2%. The four companies weighed more than any others on the S&amp;P 500&#39;s    decline.</p><p>The Dow Jones Industrial Average    fell 1.43% to end at 34,738.06 points, while the S&amp;P 500    lost 1.90% at 4,418.64.</p><p>The Nasdaq Composite    dropped 2.78% to 13,791.15.</p><p>The Philadelphia Semiconductor index    sank 4.83%.</p><p>U.S. exchanges were busy, with 13.4 billion shares changing hands, compared with a 12.6 billion average over the last 20 trading days.</p><p>Wall Street&#39;s latest sell-off follows a slump on Thursday, when data showed consumer prices surged 7.5% in January, the biggest annual increase in 40 years. Comments from St. Louis Fed Bank President James Bullard about aggressive rate hikes have also rattled investor sentiment.</p><p>For the week, the S&amp;P 500 fell 1.8% and the Nasdaq shed 2.2%.</p><p>Traders are pricing in a half-point rate hike in March with just a scant chance of a smaller quarter-point raise, and heavy bets for a policy path that would bring rates to a range of 1.75%-2.00% by the end of the year.</p><p>&#34;If the Ukraine is attacked, it adds more credence to our view that the Fed will be more dovish than the market currently believes as the war would make the outlook even more uncertain,&#34; said Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York.</p><p>A University of Michigan survey showed U.S. consumer sentiment fell to its lowest in more than a decade in early February on expectations that inflation would continue to rise in the near term.</p><p>The CBOE volatility index   , also known as Wall Street&#39;s fear gauge, was up for a second straight session and hit its highest level since the end of January.</p><p>Online real-estate platform Zillow Group Inc    jumped 12.7% after beating Wall Street estimates for quarterly sales, boosted by an 11-fold revenue increase in its homes segment.</p><p>Under Armour Inc    slumped 12.5% after warning that its profit margin would be under pressure in the current quarter.</p><p>Declining issues outnumbered advancers on the NYSE by a 2.40-to-1 ratio; on Nasdaq, a 2.54-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 15 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 40 new highs and 208 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends down sharply on fears of Ukraine conflict</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\">\nWall Street ends down sharply on fears of Ukraine conflict\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\">2022-02-12 05:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Feb 11 (Reuters) - Wall Street stocks ended sharply lower on Friday for the second straight session, as investors fretted about deepening tensions between Russia and Ukraine.</p><p>Nine of the 11 major S&amp;P 500 sector indexes declined, led by technology   , down 3.0%, and consumer discretionary, down 2.8%. The energy sector index    surged 2.8% as oil prices hit seven-year highs.</p><p>With investors already fretting about inflation and rising interest rates, selling on Wall Street accelerated after Washington warned that Russia had massed enough troops near Ukraine to launch a major invasion, and that an attack could begin any day.</p><p>&#34;We just have to see how this plays out over the weekend and whether or not international leadership can bring this under wraps,&#34; said Thomas Hayes, managing member at Great Hill Capital LLC in New York. &#34;If not, then the knock-on effects could be material, and that&#39;s what the markets is worried about.&#34;</p><p>Nvidia Corp    tumbled 7.3%, Amazon.com Inc    dropped 3.6%, and Apple Inc    and Microsoft Corp    both lost over 2%. The four companies weighed more than any others on the S&amp;P 500&#39;s    decline.</p><p>The Dow Jones Industrial Average    fell 1.43% to end at 34,738.06 points, while the S&amp;P 500    lost 1.90% at 4,418.64.</p><p>The Nasdaq Composite    dropped 2.78% to 13,791.15.</p><p>The Philadelphia Semiconductor index    sank 4.83%.</p><p>U.S. exchanges were busy, with 13.4 billion shares changing hands, compared with a 12.6 billion average over the last 20 trading days.</p><p>Wall Street&#39;s latest sell-off follows a slump on Thursday, when data showed consumer prices surged 7.5% in January, the biggest annual increase in 40 years. Comments from St. Louis Fed Bank President James Bullard about aggressive rate hikes have also rattled investor sentiment.</p><p>For the week, the S&amp;P 500 fell 1.8% and the Nasdaq shed 2.2%.</p><p>Traders are pricing in a half-point rate hike in March with just a scant chance of a smaller quarter-point raise, and heavy bets for a policy path that would bring rates to a range of 1.75%-2.00% by the end of the year.</p><p>&#34;If the Ukraine is attacked, it adds more credence to our view that the Fed will be more dovish than the market currently believes as the war would make the outlook even more uncertain,&#34; said Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York.</p><p>A University of Michigan survey showed U.S. consumer sentiment fell to its lowest in more than a decade in early February on expectations that inflation would continue to rise in the near term.</p><p>The CBOE volatility index   , also known as Wall Street&#39;s fear gauge, was up for a second straight session and hit its highest level since the end of January.</p><p>Online real-estate platform Zillow Group Inc    jumped 12.7% after beating Wall Street estimates for quarterly sales, boosted by an 11-fold revenue increase in its homes segment.</p><p>Under Armour Inc    slumped 12.5% after warning that its profit margin would be under pressure in the current quarter.</p><p>Declining issues outnumbered advancers on the NYSE by a 2.40-to-1 ratio; on Nasdaq, a 2.54-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 15 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 40 new highs and 208 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","APR":"Apria, Inc.","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4079":"房地产服务","BK4504":"桥水持仓","UAA":"安德玛公司A类股","LABP":"Landos Biopharma, Inc.",".DJI":"道琼斯","SANA":"Sana Biotechnology, Inc.","ZG":"Zillow Class A","BK4099":"汽车制造商","BK4202":"服装、服饰与奢侈品","BK4170":"电脑硬件、储存设备及电脑周边","BK4548":"巴美列捷福持仓","NVDA":"英伟达","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4554":"元宇宙及AR概念","BK4559":"巴菲特持仓","BK4553":"喜马拉雅资本持仓","AMZN":"亚马逊","BK4527":"明星科技股","MSFT":"微软","BK4538":"云计算","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4501":"段永平概念","BK4139":"生物科技","BK4533":"AQR资本管理(全球第二大对冲基金)","CGEM":"Cullinan Therapeutics","BK4555":"新能源车","AAPL":"苹果","BK4566":"资本集团","BK4007":"制药","Z":"Zillow","BK4196":"保健护理服务","BK4525":"远程办公概念","LHDX":"Lucira Health, Inc.","SPY":"标普500ETF","BK4508":"社交媒体","BK4082":"医疗保健设备","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4077":"互动媒体与服务"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210652351","content_text":"Feb 11 (Reuters) - Wall Street stocks ended sharply lower on Friday for the second straight session, as investors fretted about deepening tensions between Russia and Ukraine.Nine of the 11 major S&P 500 sector indexes declined, led by technology   , down 3.0%, and consumer discretionary, down 2.8%. The energy sector index    surged 2.8% as oil prices hit seven-year highs.With investors already fretting about inflation and rising interest rates, selling on Wall Street accelerated after Washington warned that Russia had massed enough troops near Ukraine to launch a major invasion, and that an attack could begin any day.\"We just have to see how this plays out over the weekend and whether or not international leadership can bring this under wraps,\" said Thomas Hayes, managing member at Great Hill Capital LLC in New York. \"If not, then the knock-on effects could be material, and that's what the markets is worried about.\"Nvidia Corp    tumbled 7.3%, Amazon.com Inc    dropped 3.6%, and Apple Inc    and Microsoft Corp    both lost over 2%. The four companies weighed more than any others on the S&P 500's    decline.The Dow Jones Industrial Average    fell 1.43% to end at 34,738.06 points, while the S&P 500    lost 1.90% at 4,418.64.The Nasdaq Composite    dropped 2.78% to 13,791.15.The Philadelphia Semiconductor index    sank 4.83%.U.S. exchanges were busy, with 13.4 billion shares changing hands, compared with a 12.6 billion average over the last 20 trading days.Wall Street's latest sell-off follows a slump on Thursday, when data showed consumer prices surged 7.5% in January, the biggest annual increase in 40 years. Comments from St. Louis Fed Bank President James Bullard about aggressive rate hikes have also rattled investor sentiment.For the week, the S&P 500 fell 1.8% and the Nasdaq shed 2.2%.Traders are pricing in a half-point rate hike in March with just a scant chance of a smaller quarter-point raise, and heavy bets for a policy path that would bring rates to a range of 1.75%-2.00% by the end of the year.\"If the Ukraine is attacked, it adds more credence to our view that the Fed will be more dovish than the market currently believes as the war would make the outlook even more uncertain,\" said Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York.A University of Michigan survey showed U.S. consumer sentiment fell to its lowest in more than a decade in early February on expectations that inflation would continue to rise in the near term.The CBOE volatility index   , also known as Wall Street's fear gauge, was up for a second straight session and hit its highest level since the end of January.Online real-estate platform Zillow Group Inc    jumped 12.7% after beating Wall Street estimates for quarterly sales, boosted by an 11-fold revenue increase in its homes segment.Under Armour Inc    slumped 12.5% after warning that its profit margin would be under pressure in the current quarter.Declining issues outnumbered advancers on the NYSE by a 2.40-to-1 ratio; on Nasdaq, a 2.54-to-1 ratio favored decliners.The S&P 500 posted 15 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 40 new highs and 208 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065301562,"gmtCreate":1652142139156,"gmtModify":1676535038242,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065301562","repostId":"2234884616","repostType":4,"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014571970,"gmtCreate":1649688540725,"gmtModify":1676534551647,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014571970","repostId":"2226344680","repostType":4,"repost":{"id":"2226344680","kind":"news","pubTimestamp":1649688318,"share":"https://ttm.financial/m/news/2226344680?lang=&edition=fundamental","pubTime":"2022-04-11 22:45","market":"us","language":"en","title":"Airline Stocks Rally Ahead of Delta Leading off Earnings Season","url":"https://stock-news.laohu8.com/highlight/detail?id=2226344680","media":"seekingalpha","summary":"Airline stocks gained on Monday with earnings season just around the corner as the calendar shows th","content":"<html><head></head><body><p>Airline stocks gained on Monday with earnings season just around the corner as the calendar shows that <a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a> is due to report on April 13.</p><p>Bank of America expects an upbeat Q1 earnings season for the sector given strong pricing power has emerged as corporate demand returns, leisure travel remains healthy and capacity is temporarily constrained by labor and fuel. The view is that solid demand will continue into the peak spring/summer travel period and improving international trends are encouraging.</p><p>&#34;While fuel costs and consumer concerns are issues, we think 2Q22 revenue outlooks have the ability to surprise to the upside based on our bookings data. While investor expectations have increased of late, we think DAL will be bullish on summer demand with airlines a major beneficiary of a shift to services spend.&#34;</p><p>BofA continues to favor airline companies with quality balance sheets and margins. Buy ratings were reiterated on Delta, <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> and <a href=\"https://laohu8.com/S/ALK\">Alaska Airlines </a>.</p><p>Gainers in Monday trading included <a href=\"https://laohu8.com/S/SNCY\">Sun Country Airlines</a>, <a href=\"https://laohu8.com/S/AAL\">American Airlines Group </a>, <a href=\"https://laohu8.com/S/SKYW\">SkyWest </a> and <a href=\"https://laohu8.com/S/JBLU\">JetBlue Airways </a>.</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>Airline Stocks Rally Ahead of Delta Leading off Earnings Season</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 Rally Ahead of Delta Leading off Earnings Season\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-11 22:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3822336-airline-stocks-rally-ahead-of-delta-leading-off-earnings-season><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Airline stocks gained on Monday with earnings season just around the corner as the calendar shows that Delta Air Lines is due to report on April 13.Bank of America expects an upbeat Q1 earnings season...</p>\n\n<a href=\"https://seekingalpha.com/news/3822336-airline-stocks-rally-ahead-of-delta-leading-off-earnings-season\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空","LUV":"西南航空","AAL":"美国航空","BK4008":"航空公司","BK4547":"WSB热门概念","SNCY":"Sun Country Airlines Holdings, Inc.","BK4500":"航空公司"},"source_url":"https://seekingalpha.com/news/3822336-airline-stocks-rally-ahead-of-delta-leading-off-earnings-season","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2226344680","content_text":"Airline stocks gained on Monday with earnings season just around the corner as the calendar shows that Delta Air Lines is due to report on April 13.Bank of America expects an upbeat Q1 earnings season for the sector given strong pricing power has emerged as corporate demand returns, leisure travel remains healthy and capacity is temporarily constrained by labor and fuel. The view is that solid demand will continue into the peak spring/summer travel period and improving international trends are encouraging.\"While fuel costs and consumer concerns are issues, we think 2Q22 revenue outlooks have the ability to surprise to the upside based on our bookings data. While investor expectations have increased of late, we think DAL will be bullish on summer demand with airlines a major beneficiary of a shift to services spend.\"BofA continues to favor airline companies with quality balance sheets and margins. Buy ratings were reiterated on Delta, Southwest Airlines and Alaska Airlines .Gainers in Monday trading included Sun Country Airlines, American Airlines Group , SkyWest  and JetBlue Airways .","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011407095,"gmtCreate":1648900131671,"gmtModify":1676534419586,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011407095","repostId":"2224347218","repostType":4,"repost":{"id":"2224347218","kind":"highlight","pubTimestamp":1648878635,"share":"https://ttm.financial/m/news/2224347218?lang=&edition=fundamental","pubTime":"2022-04-02 13:50","market":"us","language":"en","title":"Why AMC Shares Are Down Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2224347218","media":"Motley Fool","summary":"Its recent gold mine investment isn't going to be a game changer.","content":"<html><head></head><body><ul><li>Its recent gold mine investment isn&#39;t going to be a game-changer.</li></ul><p><b>What happened</b></p><p>Investors initially cheered some news this morning from the gold miner <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment Holdings</a> invested in earlier this month. But it&#39;s been all downhill for AMC&#39;s stock the rest of the day so far. As of 12:48 p.m. ET Friday, AMC shares were down 7%.</p><p><b>So what</b></p><p>Besides the small bump after <a href=\"https://laohu8.com/S/HYMC\">Hycroft Mining</a>, which AMC recently invested in, provided investors its full-year 2021 update, AMC stock may also have been riding a wave of enthusiasm from retail investors who were cheering news of a planned stock split for fellow meme stock <a href=\"https://laohu8.com/S/GME\">GameStop</a>.</p><p>But, of course, that has nothing to do with AMC or its prospects, and investors also probably realized that the enthusiasm from the Hycroft Mining investment was overdone.</p><p><b>Now what</b></p><p>Two weeks ago, AMC announced it was investing $27.9 million in cash for a 22% stake in Hycroft Mining, which owns the more than 70,000-acre Hycroft Mine in northern Nevada. It was part of CEO Adam Aron&#39;s plan to use money AMC has raised to diversify and make acquisitions to aid its recovery from pandemic impacts.</p><p>Hycroft needed the capital infusion to continue to operate its gold and silver mine. Hycroft is a micro-cap company, and its shares have soared more than 50% since AMC&#39;s investment. Retail investors have pushed AMC stock up nearly 60% since that time.</p><p>Hycroft said today that its gold production for the full year 2021 was above its previous estimates while silver production fell short of guidance. The company also raised additional capital from the equity markets on top of the AMC investment.</p><p>News that the company will remain solvent and has additional funds at its disposal is good for its investors. But AMC&#39;s fortunes will not be determined by its relatively small investment in Hycroft. That dose of reality is likely why AMC shares subsequently dropped as the day&#39;s trading progressed.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC Shares Are Down Today</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 AMC Shares Are Down Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-02 13:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/01/why-amc-shares-are-down-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Its recent gold mine investment isn't going to be a game-changer.What happenedInvestors initially cheered some news this morning from the gold miner AMC Entertainment Holdings invested in earlier this...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/01/why-amc-shares-are-down-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","BK4547":"WSB热门概念","HYMC":"Hycroft Mining Holding Corporation"},"source_url":"https://www.fool.com/investing/2022/04/01/why-amc-shares-are-down-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2224347218","content_text":"Its recent gold mine investment isn't going to be a game-changer.What happenedInvestors initially cheered some news this morning from the gold miner AMC Entertainment Holdings invested in earlier this month. But it's been all downhill for AMC's stock the rest of the day so far. As of 12:48 p.m. ET Friday, AMC shares were down 7%.So whatBesides the small bump after Hycroft Mining, which AMC recently invested in, provided investors its full-year 2021 update, AMC stock may also have been riding a wave of enthusiasm from retail investors who were cheering news of a planned stock split for fellow meme stock GameStop.But, of course, that has nothing to do with AMC or its prospects, and investors also probably realized that the enthusiasm from the Hycroft Mining investment was overdone.Now whatTwo weeks ago, AMC announced it was investing $27.9 million in cash for a 22% stake in Hycroft Mining, which owns the more than 70,000-acre Hycroft Mine in northern Nevada. It was part of CEO Adam Aron's plan to use money AMC has raised to diversify and make acquisitions to aid its recovery from pandemic impacts.Hycroft needed the capital infusion to continue to operate its gold and silver mine. Hycroft is a micro-cap company, and its shares have soared more than 50% since AMC's investment. Retail investors have pushed AMC stock up nearly 60% since that time.Hycroft said today that its gold production for the full year 2021 was above its previous estimates while silver production fell short of guidance. The company also raised additional capital from the equity markets on top of the AMC investment.News that the company will remain solvent and has additional funds at its disposal is good for its investors. But AMC's fortunes will not be determined by its relatively small investment in Hycroft. That dose of reality is likely why AMC shares subsequently dropped as the day's trading progressed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019913770,"gmtCreate":1648513186551,"gmtModify":1676534347483,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks.&nbsp;","listText":"Thanks.&nbsp;","text":"Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019913770","repostId":"2223815189","repostType":4,"repost":{"id":"2223815189","kind":"highlight","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":1648507232,"share":"https://ttm.financial/m/news/2223815189?lang=&edition=fundamental","pubTime":"2022-03-29 06:40","market":"us","language":"en","title":"US STOCKS-S&P 500 Climbs for Third Straight Day as Tesla Leads","url":"https://stock-news.laohu8.com/highlight/detail?id=2223815189","media":"Reuters","summary":"(Reuters) - The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first fa","content":"<html><head></head><body><p>(Reuters) - The S&amp;P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.</p><p>Electric-car maker <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> jumped 8.03% and was the biggest boost to the S&amp;P 500 and Nasdaq after saying it will seek investor approval to increase its number of shares to enable a stock split, helping to lift the consumer discretionary index as the best-performing sector on the session.</p><p>The S&amp;P energy index, off 2.56%, was the worst-performing sector on the session. <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil Corp</a> lost 2.81% and <a href=\"https://laohu8.com/S/CVX\">Chevron Corp</a> fell 1.75%.</p><p>Financials were also among the weaker sectors on the session, due in part to a Morgan Stanley downgrade on U.S. banks, which cited escalating risks and the likelihood that rate hikes by the Federal Reserve have already been priced in by the market. The S&amp;P bank index shed 0.99%.</p><p>The sell-off in the bond market resumed on Monday, with short-dated yields hitting their highest since 2019 and the yield curve as measured by the gap between five- and 30-year yields briefly inverted for the first time since early 2006, raising concerns the Federal Reserve&#39;s more aggressive monetary policy will dent economic growth and potentially cause a recession.</p><p>&#34;Financials ... so a lot of people bought those or own those on the basis of these will do better in a higher rate environment so I’m not surprised to see the financials back off relative to what is going on in the bond market,&#34; said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>&#34;Of course commodity names have rallied so high and so hot that it is not surprising to see those names back off, that is kind of what led the market down, but I still think the news for most of these commodity companies will be very, very good.&#34;</p><p>The Dow Jones Industrial Average rose 94.65 points, or 0.27%, to 34,955.89, the S&amp;P 500 gained 32.46 points, or 0.71%, to 4,575.52 and the Nasdaq Composite added 185.60 points, or 1.31%, to 14,354.90.</p><p>The S&amp;P was able to rebound from declines earlier in the session, with the benchmark index falling as much as 0.6% at one point.</p><p>Strong economic data and gains in beaten-down growth stocks have helped Wall Street&#39;s main indexes recover in recent days even as the conflict between Russia and Ukraine continues and a host of Federal Reserve policymakers have made hawkish comments about the path of interest rate hikes.</p><p>Still, analysts noted that value stocks remain cheap relative to their growth counterparts.</p><p>Meanwhile, Ukraine and Russia said their delegations would arrive in Turkey for peace talks that are expected to take place on Tuesday. A senior U.S. official said Russian President Vladimir Putin did not appear ready to make compromises, with Ukrainian officials also playing down the chances of a major breakthrough at the talks.</p><p><a href=\"https://laohu8.com/S/POLY\">Poly </a> soared 52.63% after <a href=\"https://laohu8.com/S/HPQ\">HP Inc</a> said it would buy the audio and video products maker for $1.7 billion in cash. Shares of HP declined 2.74%.</p><p>Volume on U.S. exchanges was 11.23 billion shares, compared with the 14.09 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.06-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 35 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 48 new highs and 107 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500 Climbs for Third Straight Day as Tesla Leads</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500 Climbs for Third Straight Day as Tesla Leads\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-29 06:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The S&amp;P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.</p><p>Electric-car maker <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> jumped 8.03% and was the biggest boost to the S&amp;P 500 and Nasdaq after saying it will seek investor approval to increase its number of shares to enable a stock split, helping to lift the consumer discretionary index as the best-performing sector on the session.</p><p>The S&amp;P energy index, off 2.56%, was the worst-performing sector on the session. <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil Corp</a> lost 2.81% and <a href=\"https://laohu8.com/S/CVX\">Chevron Corp</a> fell 1.75%.</p><p>Financials were also among the weaker sectors on the session, due in part to a Morgan Stanley downgrade on U.S. banks, which cited escalating risks and the likelihood that rate hikes by the Federal Reserve have already been priced in by the market. The S&amp;P bank index shed 0.99%.</p><p>The sell-off in the bond market resumed on Monday, with short-dated yields hitting their highest since 2019 and the yield curve as measured by the gap between five- and 30-year yields briefly inverted for the first time since early 2006, raising concerns the Federal Reserve&#39;s more aggressive monetary policy will dent economic growth and potentially cause a recession.</p><p>&#34;Financials ... so a lot of people bought those or own those on the basis of these will do better in a higher rate environment so I’m not surprised to see the financials back off relative to what is going on in the bond market,&#34; said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>&#34;Of course commodity names have rallied so high and so hot that it is not surprising to see those names back off, that is kind of what led the market down, but I still think the news for most of these commodity companies will be very, very good.&#34;</p><p>The Dow Jones Industrial Average rose 94.65 points, or 0.27%, to 34,955.89, the S&amp;P 500 gained 32.46 points, or 0.71%, to 4,575.52 and the Nasdaq Composite added 185.60 points, or 1.31%, to 14,354.90.</p><p>The S&amp;P was able to rebound from declines earlier in the session, with the benchmark index falling as much as 0.6% at one point.</p><p>Strong economic data and gains in beaten-down growth stocks have helped Wall Street&#39;s main indexes recover in recent days even as the conflict between Russia and Ukraine continues and a host of Federal Reserve policymakers have made hawkish comments about the path of interest rate hikes.</p><p>Still, analysts noted that value stocks remain cheap relative to their growth counterparts.</p><p>Meanwhile, Ukraine and Russia said their delegations would arrive in Turkey for peace talks that are expected to take place on Tuesday. A senior U.S. official said Russian President Vladimir Putin did not appear ready to make compromises, with Ukrainian officials also playing down the chances of a major breakthrough at the talks.</p><p><a href=\"https://laohu8.com/S/POLY\">Poly </a> soared 52.63% after <a href=\"https://laohu8.com/S/HPQ\">HP Inc</a> said it would buy the audio and video products maker for $1.7 billion in cash. Shares of HP declined 2.74%.</p><p>Volume on U.S. exchanges was 11.23 billion shares, compared with the 14.09 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.06-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 35 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 48 new highs and 107 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓","TSLA":"特斯拉","BK4555":"新能源车","BK4581":"高盛持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4504":"桥水持仓",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","BK4548":"巴美列捷福持仓","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4551":"寇图资本持仓","BK4574":"无人驾驶",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2223815189","content_text":"(Reuters) - The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.Electric-car maker Tesla Inc jumped 8.03% and was the biggest boost to the S&P 500 and Nasdaq after saying it will seek investor approval to increase its number of shares to enable a stock split, helping to lift the consumer discretionary index as the best-performing sector on the session.The S&P energy index, off 2.56%, was the worst-performing sector on the session. Exxon Mobil Corp lost 2.81% and Chevron Corp fell 1.75%.Financials were also among the weaker sectors on the session, due in part to a Morgan Stanley downgrade on U.S. banks, which cited escalating risks and the likelihood that rate hikes by the Federal Reserve have already been priced in by the market. The S&P bank index shed 0.99%.The sell-off in the bond market resumed on Monday, with short-dated yields hitting their highest since 2019 and the yield curve as measured by the gap between five- and 30-year yields briefly inverted for the first time since early 2006, raising concerns the Federal Reserve's more aggressive monetary policy will dent economic growth and potentially cause a recession.\"Financials ... so a lot of people bought those or own those on the basis of these will do better in a higher rate environment so I’m not surprised to see the financials back off relative to what is going on in the bond market,\" said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.\"Of course commodity names have rallied so high and so hot that it is not surprising to see those names back off, that is kind of what led the market down, but I still think the news for most of these commodity companies will be very, very good.\"The Dow Jones Industrial Average rose 94.65 points, or 0.27%, to 34,955.89, the S&P 500 gained 32.46 points, or 0.71%, to 4,575.52 and the Nasdaq Composite added 185.60 points, or 1.31%, to 14,354.90.The S&P was able to rebound from declines earlier in the session, with the benchmark index falling as much as 0.6% at one point.Strong economic data and gains in beaten-down growth stocks have helped Wall Street's main indexes recover in recent days even as the conflict between Russia and Ukraine continues and a host of Federal Reserve policymakers have made hawkish comments about the path of interest rate hikes.Still, analysts noted that value stocks remain cheap relative to their growth counterparts.Meanwhile, Ukraine and Russia said their delegations would arrive in Turkey for peace talks that are expected to take place on Tuesday. A senior U.S. official said Russian President Vladimir Putin did not appear ready to make compromises, with Ukrainian officials also playing down the chances of a major breakthrough at the talks.Poly  soared 52.63% after HP Inc said it would buy the audio and video products maker for $1.7 billion in cash. Shares of HP declined 2.74%.Volume on U.S. exchanges was 11.23 billion shares, compared with the 14.09 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.06-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.The S&P 500 posted 35 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 48 new highs and 107 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":46,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010143827,"gmtCreate":1648305306377,"gmtModify":1676534326631,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010143827","repostId":"1153047568","repostType":4,"repost":{"id":"1153047568","kind":"news","pubTimestamp":1648251874,"share":"https://ttm.financial/m/news/1153047568?lang=&edition=fundamental","pubTime":"2022-03-26 07:44","market":"us","language":"en","title":"3 Autonomous Vehicle Stocks to Buy Ahead of the Mobileye IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1153047568","media":"investorplace","summary":"Restrictions due to the coronavirus and regulatory issues have slowed the progress of autonomous vehicles more than I thought they would. However, I still believe that long-term investors will ultimat","content":"<html><head></head><body><p>Restrictions due to the coronavirus and regulatory issues have slowed the progress of autonomous vehicles more than I thought they would. However, I still believe that long-term investors will ultimately benefit a great deal from buying autonomous driving stocks. Many companies, including Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), General Motors (NYSE:GM), Velodyne (NASDAQ:VLDR), Embark (NASDAQ:EMBK) and Aurora Innovation (NASDAQ:AUR), are making a great deal of progress when it comes to commercializing self-driving technology on a significant scale.</p><p>Meanwhile, fears of the coronavirus have dropped tremendously, and the Biden administration seems to have decided recently to quickly facilitate the proliferation of autonomous vehicles.</p><p>For evidence of the latter trend, consider the fact that the  U.S. National Highway Traffic Safety Administration recently decided to allow “fully autonomous vehicles” to be built without certain safety features previously required in all vehicles, such as steering wheels. Moreover, U.S. Transportation Secretary Pete Buttigieg said earlier this month that his department does not want to prevent innovation in the autonomous vehicle space. He also predicted that regulation of the sector would evolve a great deal during the rest of the 2020’s.</p><p>And at the beginning of March, Intel (NASDQ:INTC) filed papers with the Securities and Exchange Commission to launch an IPO of its Mobileye unit, which develops and sells self-driving and advanced driving assistance systems. If Mobileye’s shares attain a high valuation, they could provide a positive catalyst to other companies in the sector.</p><p>Finally, since self-driving automobiles would save both businesses and consumers a great deal of time and money, I continue to believe that the technology will prove to be quite lucrative for the firms that successfully introduce it widely.</p><p>As such, I think that the best ways for investors to benefit from the ultimate proliferation of self-driving vehicles is by buying the following autonomous driving stocks:</p><ul><li>Aurora Innovation (AUR)</li><li>Embark (EMBK)</li><li>Velodyne (VLDR)</li></ul><h2>Autonomous Vehicle Stocks to Buy: Aurora Innovation (AUR)</h2><p>Encouragingly, way back in 2019, Amazon (NASDAQ:AMZN) invested in Aurora. In the process, it somewhat validated the company’s technology. It also helped make me more confident that Hyundai (OTCMKTS:HYMTF) also invested in the company in 2019.</p><p>Recently, Aurora announced that it had developed self-driving technology that is able to “work across multiple vehicle types.” That level of standardization should greatly facilitate the use of Aurora’s system by transportation companies and automakers.</p><p>Also increasing my confidence in AUR stock is the fact that the tech startup is partnering with “Volvo on autonomous trucks and Toyota to develop a fleet of self-driving Siennas,” according to Cnet.</p><p>The current market capitalization of AUR stock is $6 billion. That’s not low, but I believe that it greatly undervalues the company’s long-term potential.</p><h2>Embark (EMBK)</h2><p>The company sells self-driving software for trucks called Embark Driver. It charges trucking companies a per-mile subscription fee for the use of the software.</p><p>According to the company’s CEO, Alex Rodrigues, Embark uses technology that enables “trucks to update … maps in real time, which is critical when encountering situations like construction work zones, particularly when you’re on a two-lane highway and there are no alternative routes.” Moreover, the company’s system can be easily “integrated” with trucks made by any major manufacturer, and “some of the top carriers in the United States … [are its] customers.” For October, the company said that it had received “14,200 reservations for Embark-equipped autonomous trucks, more than twice the nearest public competitor” at that point.</p><p>Rodrigues noted that, in the U.S., human truck drivers cannot drive their vehicles for more than 11 hours each day. And that Embark’s software can dramatically expand that number.</p><p>Finally, the CEO reported that “over 1 million real world miles” had been driven using the company’s software “without a single department of Transportation reportable safety incident.”</p><p>Stephen Houghton, who was named the company’s COO in February, worked on autonomous vehicles for Amazon and Cruise (currently owned by GM) for six years.</p><h2>Autonomous Vehicle Stocks to Buy: Velodyne (VLDR)</h2><p>In a very positive development, Velodyne announced last month that Amazon had purchased a warrant that could enable the e-commerce giant to buy nearly 40 million shares of VLDR stock. The warrant will become exercisable “based on discretionary payments made by Amazon pursuant to existing commercial agreements between Velodyne and Amazon,” Seeking Alpha explained. I think the deal suggests that Amazon believes that Velodyne has a great deal of potential.</p><p>Also note that in 2017, Amazon obtained a warrant to buy up to 55.3 million shares of Plug Power (NASDAQ:PLUG) stock. PLUG stock finished 2017 at $1.93. On March 18, 2022, it closed at $26.15.</p><p>In 2021, Velodyne’s shipments of sensors jumped 35% versus 2020 to slightly over 15,000. In 2019, the company shipped just over 12,000 sensors. Last quarter, it sold a record 4,900 sensors. The company’s revenue dropped 1.7% year-over-year because of its strategy of using lower prices to gain market share. Ultimately, however, I expect that approach will be quite successful.</p><p>VLDR stock is trading at a reasonable trailing price-sales ratio of 7.67x, according to Yahoo Finance.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Autonomous Vehicle Stocks to Buy Ahead of the Mobileye IPO</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 Autonomous Vehicle Stocks to Buy Ahead of the Mobileye IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-26 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/3-autonomous-vehicle-stocks-to-buy-ahead-of-the-mobileye-ipo/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Restrictions due to the coronavirus and regulatory issues have slowed the progress of autonomous vehicles more than I thought they would. However, I still believe that long-term investors will ...</p>\n\n<a href=\"https://investorplace.com/2022/03/3-autonomous-vehicle-stocks-to-buy-ahead-of-the-mobileye-ipo/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EMBK":"Embark Technology, Inc","AUR":"Aurora Innovation","VLDR":"威力登激光雷达"},"source_url":"https://investorplace.com/2022/03/3-autonomous-vehicle-stocks-to-buy-ahead-of-the-mobileye-ipo/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153047568","content_text":"Restrictions due to the coronavirus and regulatory issues have slowed the progress of autonomous vehicles more than I thought they would. However, I still believe that long-term investors will ultimately benefit a great deal from buying autonomous driving stocks. Many companies, including Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), General Motors (NYSE:GM), Velodyne (NASDAQ:VLDR), Embark (NASDAQ:EMBK) and Aurora Innovation (NASDAQ:AUR), are making a great deal of progress when it comes to commercializing self-driving technology on a significant scale.Meanwhile, fears of the coronavirus have dropped tremendously, and the Biden administration seems to have decided recently to quickly facilitate the proliferation of autonomous vehicles.For evidence of the latter trend, consider the fact that the  U.S. National Highway Traffic Safety Administration recently decided to allow “fully autonomous vehicles” to be built without certain safety features previously required in all vehicles, such as steering wheels. Moreover, U.S. Transportation Secretary Pete Buttigieg said earlier this month that his department does not want to prevent innovation in the autonomous vehicle space. He also predicted that regulation of the sector would evolve a great deal during the rest of the 2020’s.And at the beginning of March, Intel (NASDQ:INTC) filed papers with the Securities and Exchange Commission to launch an IPO of its Mobileye unit, which develops and sells self-driving and advanced driving assistance systems. If Mobileye’s shares attain a high valuation, they could provide a positive catalyst to other companies in the sector.Finally, since self-driving automobiles would save both businesses and consumers a great deal of time and money, I continue to believe that the technology will prove to be quite lucrative for the firms that successfully introduce it widely.As such, I think that the best ways for investors to benefit from the ultimate proliferation of self-driving vehicles is by buying the following autonomous driving stocks:Aurora Innovation (AUR)Embark (EMBK)Velodyne (VLDR)Autonomous Vehicle Stocks to Buy: Aurora Innovation (AUR)Encouragingly, way back in 2019, Amazon (NASDAQ:AMZN) invested in Aurora. In the process, it somewhat validated the company’s technology. It also helped make me more confident that Hyundai (OTCMKTS:HYMTF) also invested in the company in 2019.Recently, Aurora announced that it had developed self-driving technology that is able to “work across multiple vehicle types.” That level of standardization should greatly facilitate the use of Aurora’s system by transportation companies and automakers.Also increasing my confidence in AUR stock is the fact that the tech startup is partnering with “Volvo on autonomous trucks and Toyota to develop a fleet of self-driving Siennas,” according to Cnet.The current market capitalization of AUR stock is $6 billion. That’s not low, but I believe that it greatly undervalues the company’s long-term potential.Embark (EMBK)The company sells self-driving software for trucks called Embark Driver. It charges trucking companies a per-mile subscription fee for the use of the software.According to the company’s CEO, Alex Rodrigues, Embark uses technology that enables “trucks to update … maps in real time, which is critical when encountering situations like construction work zones, particularly when you’re on a two-lane highway and there are no alternative routes.” Moreover, the company’s system can be easily “integrated” with trucks made by any major manufacturer, and “some of the top carriers in the United States … [are its] customers.” For October, the company said that it had received “14,200 reservations for Embark-equipped autonomous trucks, more than twice the nearest public competitor” at that point.Rodrigues noted that, in the U.S., human truck drivers cannot drive their vehicles for more than 11 hours each day. And that Embark’s software can dramatically expand that number.Finally, the CEO reported that “over 1 million real world miles” had been driven using the company’s software “without a single department of Transportation reportable safety incident.”Stephen Houghton, who was named the company’s COO in February, worked on autonomous vehicles for Amazon and Cruise (currently owned by GM) for six years.Autonomous Vehicle Stocks to Buy: Velodyne (VLDR)In a very positive development, Velodyne announced last month that Amazon had purchased a warrant that could enable the e-commerce giant to buy nearly 40 million shares of VLDR stock. The warrant will become exercisable “based on discretionary payments made by Amazon pursuant to existing commercial agreements between Velodyne and Amazon,” Seeking Alpha explained. I think the deal suggests that Amazon believes that Velodyne has a great deal of potential.Also note that in 2017, Amazon obtained a warrant to buy up to 55.3 million shares of Plug Power (NASDAQ:PLUG) stock. PLUG stock finished 2017 at $1.93. On March 18, 2022, it closed at $26.15.In 2021, Velodyne’s shipments of sensors jumped 35% versus 2020 to slightly over 15,000. In 2019, the company shipped just over 12,000 sensors. Last quarter, it sold a record 4,900 sensors. The company’s revenue dropped 1.7% year-over-year because of its strategy of using lower prices to gain market share. Ultimately, however, I expect that approach will be quite successful.VLDR stock is trading at a reasonable trailing price-sales ratio of 7.67x, according to Yahoo Finance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9034129881,"gmtCreate":1647828733395,"gmtModify":1676534269729,"author":{"id":"4103546058868860","authorId":"4103546058868860","name":"Aninpooh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103546058868860","authorIdStr":"4103546058868860"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034129881","repostId":"1148619313","repostType":4,"repost":{"id":"1148619313","kind":"news","pubTimestamp":1647827602,"share":"https://ttm.financial/m/news/1148619313?lang=&edition=fundamental","pubTime":"2022-03-21 09:53","market":"us","language":"en","title":"5 Well-Known 'Strong Buy' Stocks Trading Under $10 With Gigantic Upside Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=1148619313","media":"24/7 wall street","summary":"While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safe","content":"<html><head></head><body><p>While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep prices, it is difficult to get any decent share count leverage.</p><p>Many investors, especially more aggressive traders, look at lower-priced stocks as a way not only to make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.</p><p>We screened our 24/7 Wall St. research database looking for smaller cap companies that could very well offer patient investors some huge returns for the rest of 2022 and beyond. Skeptics of low-priced shares should remember that at one point both Amazon and Apple traded in the single digits. One stock we featured over the years, Zynga, recently was purchased by Take-Two Interactive.</p><p>While all five stocks are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.</p><h2>ADT</h2><p>This top security company is a well-known protector of homes and businesses. ADT Inc. (NYSE: ADT) is the largest residential and second-largest commercial security monitoring company in North America. The company serves over 7 million customers, installing over a million systems per year. Roughly 94% of revenue is generated in the United States, with the remainder from Canada.</p><p>Google announced last year that it was buying a 6.6% stake in the home security firm for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices. ADT said that the companies will work to combine Nest products like cameras, thermostats, doorbells and alarm systems with ADT’s installation, service and professional monitoring network. The company expects to expand the integration this year and beyond.</p><p>RBC Capital Markets has resumed coverage of ADT stock with a $12 price target. The consensus target is $10.89. The shares closed trading on Friday at $7.57.</p><h2>Arcos Dorados</h2><p>This company may be way under the radar, but it has one of the best products imaginable in terms of name recognition. Arcos Dorados Holdings Inc. (NYSE: ARCO) is the world’s largest independent McDonald’s franchisee.</p><p>The company has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Brazil, Colombia, Costa Rica, Mexico, Puerto Rico, the U.S. Virgin Islands and Venezuela. As of December 31, 2020, it operated or franchised 2,236 restaurants.</p><p>Credit Suisse’s $9.50 price target is above the $8.09 consensus target on Arcos Dorados stock. Shares last traded at $8.04 on Friday up almost 7%.</p><h2>Lantronix</h2><p>This company is producing solid revenue and is a great idea for aggressive traders. Lantronix Inc. (NASDAQ: LTRX) provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan.</p><p>The company’s IoT products include IoT Connectivity, which provides wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, application hosting, protocol conversion, secure access for distributed IoT deployments, and various other functions.</p><p>Further, its SaaS platform enables customers to deploy, monitor, manage and automate across their global deployments through a single platform login. The company offers its products through value-added resellers, systems integrators, distributors, online retailers and original equipment manufacturers, and it has an e-commerce site for direct sales. Lantronix was founded in 1989 and is headquartered in Irvine, California.</p><p>The $13 Canaccord Genuity price objective compares with a $12.69 consensus target. Lantronix stock traded on Friday at $6.58 down over 4%.</p><h2>Limelight Networks</h2><p>This stock looks to have bottomed recently, and it could be ready for a sizable move higher. Limelight Networks Inc. (NASDAQ: LLNW) offers services and solutions for businesses to deliver their digital content across the internet, mobile, social and other digital initiatives. It operates edge services platform that provides content delivery services, video content management services, performance services for website and web application acceleration and security, professional services, cloud storage and edge computing services, as well as sells equipment.</p><p>Limelight Networks also offers professional services and other infrastructure services, such as transit and rack space services. It serves media companies operating in the television, music, radio, newspaper, magazine, movie, gaming, software and social media industries, as well as enterprises, technology companies and government entities conducting business online.</p><p>A recent upgrade of Limelight Networks stock at Northland Capital included the $5 price target hiked to $6.50. The consensus target is $5.50, and the shares last traded at $4.78 on Friday.</p><h2>Nokia</h2><p>This telecommunications company ruled the cell phone arena until the advent of the smartphone in 2007 and recently re-emerged as a top meme stock. Nokia Corp. (NYSE: NOK) owns two main businesses: 1) Nokia Networks, a network infrastructure equipment supplier to global wireless and wireline operators, and 2) Technologies, its patent/IPR licensing activities.</p><p>In a very positive sign for investors this past week, the company restarted its quarterly dividend and initiated a share buyback program after reporting very solid fourth-quarter results, with comparable operating earnings above market estimates as the telecom equipment maker kept costs in check. Nokia also forecasted annual revenue that was largely ahead of projections and set a long-term target for operating margins of at least 14%, replacing its earlier 2023 target of between 11% and 13%.</p><p>Raymond James upgraded Nokia stock recently and has a $6.50 target price. That is lower than the $7.23 consensus target but higher than a last share price of $5.33 seen on Friday.</p><p>These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.</p></body></html>","source":"lsy1620372341666","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>5 Well-Known 'Strong Buy' Stocks Trading Under $10 With Gigantic Upside Potential</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\">\n5 Well-Known 'Strong Buy' Stocks Trading Under $10 With Gigantic Upside Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-21 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/investing/2022/03/19/5-well-known-strong-buy-stocks-trading-under-10-with-gigantic-upside-potential/><strong>24/7 wall street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the ...</p>\n\n<a href=\"https://247wallst.com/investing/2022/03/19/5-well-known-strong-buy-stocks-trading-under-10-with-gigantic-upside-potential/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADT":"Adt Inc.","NOK":"诺基亚","LTRX":"创力","ARCO":"Arcos Dorados Holdings"},"source_url":"https://247wallst.com/investing/2022/03/19/5-well-known-strong-buy-stocks-trading-under-10-with-gigantic-upside-potential/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148619313","content_text":"While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep prices, it is difficult to get any decent share count leverage.Many investors, especially more aggressive traders, look at lower-priced stocks as a way not only to make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.We screened our 24/7 Wall St. research database looking for smaller cap companies that could very well offer patient investors some huge returns for the rest of 2022 and beyond. Skeptics of low-priced shares should remember that at one point both Amazon and Apple traded in the single digits. One stock we featured over the years, Zynga, recently was purchased by Take-Two Interactive.While all five stocks are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.ADTThis top security company is a well-known protector of homes and businesses. ADT Inc. (NYSE: ADT) is the largest residential and second-largest commercial security monitoring company in North America. The company serves over 7 million customers, installing over a million systems per year. Roughly 94% of revenue is generated in the United States, with the remainder from Canada.Google announced last year that it was buying a 6.6% stake in the home security firm for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices. ADT said that the companies will work to combine Nest products like cameras, thermostats, doorbells and alarm systems with ADT’s installation, service and professional monitoring network. The company expects to expand the integration this year and beyond.RBC Capital Markets has resumed coverage of ADT stock with a $12 price target. The consensus target is $10.89. The shares closed trading on Friday at $7.57.Arcos DoradosThis company may be way under the radar, but it has one of the best products imaginable in terms of name recognition. Arcos Dorados Holdings Inc. (NYSE: ARCO) is the world’s largest independent McDonald’s franchisee.The company has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Brazil, Colombia, Costa Rica, Mexico, Puerto Rico, the U.S. Virgin Islands and Venezuela. As of December 31, 2020, it operated or franchised 2,236 restaurants.Credit Suisse’s $9.50 price target is above the $8.09 consensus target on Arcos Dorados stock. Shares last traded at $8.04 on Friday up almost 7%.LantronixThis company is producing solid revenue and is a great idea for aggressive traders. Lantronix Inc. (NASDAQ: LTRX) provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan.The company’s IoT products include IoT Connectivity, which provides wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, application hosting, protocol conversion, secure access for distributed IoT deployments, and various other functions.Further, its SaaS platform enables customers to deploy, monitor, manage and automate across their global deployments through a single platform login. The company offers its products through value-added resellers, systems integrators, distributors, online retailers and original equipment manufacturers, and it has an e-commerce site for direct sales. Lantronix was founded in 1989 and is headquartered in Irvine, California.The $13 Canaccord Genuity price objective compares with a $12.69 consensus target. Lantronix stock traded on Friday at $6.58 down over 4%.Limelight NetworksThis stock looks to have bottomed recently, and it could be ready for a sizable move higher. Limelight Networks Inc. (NASDAQ: LLNW) offers services and solutions for businesses to deliver their digital content across the internet, mobile, social and other digital initiatives. It operates edge services platform that provides content delivery services, video content management services, performance services for website and web application acceleration and security, professional services, cloud storage and edge computing services, as well as sells equipment.Limelight Networks also offers professional services and other infrastructure services, such as transit and rack space services. It serves media companies operating in the television, music, radio, newspaper, magazine, movie, gaming, software and social media industries, as well as enterprises, technology companies and government entities conducting business online.A recent upgrade of Limelight Networks stock at Northland Capital included the $5 price target hiked to $6.50. The consensus target is $5.50, and the shares last traded at $4.78 on Friday.NokiaThis telecommunications company ruled the cell phone arena until the advent of the smartphone in 2007 and recently re-emerged as a top meme stock. Nokia Corp. (NYSE: NOK) owns two main businesses: 1) Nokia Networks, a network infrastructure equipment supplier to global wireless and wireline operators, and 2) Technologies, its patent/IPR licensing activities.In a very positive sign for investors this past week, the company restarted its quarterly dividend and initiated a share buyback program after reporting very solid fourth-quarter results, with comparable operating earnings above market estimates as the telecom equipment maker kept costs in check. Nokia also forecasted annual revenue that was largely ahead of projections and set a long-term target for operating margins of at least 14%, replacing its earlier 2023 target of between 11% and 13%.Raymond James upgraded Nokia stock recently and has a $6.50 target price. That is lower than the $7.23 consensus target but higher than a last share price of $5.33 seen on Friday.These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.","news_type":1},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}