X99 personal page - To The Moon

X99

X99

You Never Walk Alone

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2022-03-03

My first blue chip US stock investment!

Apple Stock: Resilient To Turbulence In 2022

2022-02-16

This is a very long term bet.

Palantir Q4 Earnings Are Coming - What To Expect

2022-05-20

Thanks. Good insight

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2022-02-17

Agreed on Tencent, especially cheap at this levels.

2 Metaverse Stocks to Buy and Hold for the Next 10 Years

2022-03-14

Likely because of US delisting of some China stocks, and fear of western sanctions against China for perceived inaction against Russia.

Hong Kong Stock Market Plunged on Monday

2022-02-19

In this sort of market, stocks with negative earnings are punished severely. Probably more downside to come.

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2022-05-02

$Amazon.com(AMZN)$Opportunity to buy!

2022-02-15

There are other better alternatives eg Tencent or Baba.

Cathie Wood’s Ark Bought Sea Shares as Gaming Firm Plunged

2022-02-15

Temporary blips from this geo politics situation.

US Stocks-The S&P 500 Ends down as Russia-Ukraine Tensions Heat Up

2022-02-24

Market is bearish now... be patient

Sea Limited Offers Serious Upside Potential Following Normalization

2022-02-13

Good. Up for a change.

Credo Tech Shares Pop After Completing Its IPO

2022-03-10

Thanks. At most it's a trading buy currently.

Grab Stock: Celebrate Strong Results, But Read the Bottom Line

04-11

$Trump Media & Technology(DJT)$ Target price is $10. Trump has too many court cases going on at the same time. In particular, his trial on the hush money to a porn star will begin on April 15. This case will likely convict him. So the risk of the stock spiraling down is very high. Furthermore there is no real fundamentals to this stock. Hence no real support there, and once Trump supporters stop buying, the share will tumble down to at least $10.

2022-05-20

Unfortunately have to agree with you.

Apple: Be Careful, There's A Lot More Downside Risk

2022-05-20

Good insight. Thanks.

Apple: Be Careful, There's A Lot More Downside Risk

2022-03-01

Good write up. But my take is that might as well buy Baba or AMZ.

Sea Limited: Buy, Sell Or Hold?

2022-02-15

Thanks for sharing.

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06-19

Why can't Tiger allow automatic exchange of currency (at wholesale rates) when buying a stock of different currency from what one is holding? Other trading platforms have already offered this flexibility and currency convenience.

2022-05-02

Still good value.

Sorry, the original content has been removed

2022-03-30

$DBS GROUP HOLDINGS LTD(D05.SI)$How high can it go before it goes ex dividend?

Go to Tiger App to see more news

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Other trading platforms have already offered this flexibility and currency convenience.","listText":"Why can't Tiger allow automatic exchange of currency (at wholesale rates) when buying a stock of different currency from what one is holding? Other trading platforms have already offered this flexibility and currency convenience.","text":"Why can't Tiger allow automatic exchange of currency (at wholesale rates) when buying a stock of different currency from what one is holding? Other trading platforms have already offered this flexibility and currency convenience.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318314330108096","isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293934807777440,"gmtCreate":1712792886260,"gmtModify":1712799822756,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$ </a> Target price is $10. Trump has too many court cases going on at the same time. In particular,&nbsp; his trial on the hush money to a porn star will begin on April 15. This case will likely convict him. So the risk of the stock spiraling down is very high. Furthermore there is no real fundamentals to this stock. Hence no real support there,&nbsp; and once Trump supporters stop buying,&nbsp; the share will tumble down to at least $10.","listText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$ </a> Target price is $10. Trump has too many court cases going on at the same time. In particular,&nbsp; his trial on the hush money to a porn star will begin on April 15. This case will likely convict him. So the risk of the stock spiraling down is very high. Furthermore there is no real fundamentals to this stock. Hence no real support there,&nbsp; and once Trump supporters stop buying,&nbsp; the share will tumble down to at least $10.","text":"$Trump Media & Technology(DJT)$ Target price is $10. Trump has too many court cases going on at the same time. In particular, his trial on the hush money to a porn star will begin on April 15. This case will likely convict him. So the risk of the stock spiraling down is very high. Furthermore there is no real fundamentals to this stock. Hence no real support there, and once Trump supporters stop buying, the share will tumble down to at least $10.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293934807777440","isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021808016,"gmtCreate":1653020264335,"gmtModify":1676535210022,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Unfortunately have to agree with you.&nbsp;","listText":"Unfortunately have to agree with you.&nbsp;","text":"Unfortunately have to agree with you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021808016","repostId":"2236670897","repostType":4,"repost":{"id":"2236670897","kind":"news","pubTimestamp":1653011211,"share":"https://ttm.financial/m/news/2236670897?lang=&edition=fundamental","pubTime":"2022-05-20 09:46","market":"us","language":"en","title":"Apple: Be Careful, There's A Lot More Downside Risk","url":"https://stock-news.laohu8.com/highlight/detail?id=2236670897","media":"Seekingalpha","summary":"SummaryApple is a fundamentally strong company that will generate some business growth in the coming","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple is a fundamentally strong company that will generate some business growth in the coming years.</li><li>The huge baseline means that relative growth won&#39;t be too strong, and at the same time, AAPL&#39;s buybacks are way less effective than they used to be.</li><li>AAPL shares have sold off considerably, but they are still far from cheap. In fact, another 30% share price drop could bring the valuation to the long-term average.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/155c5440be53b77f03e11163375aa17c\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>24K-Production/iStock via Getty Images</span></p><p><b>Article Thesis</b></p><p>Apple (NASDAQ:AAPL) is a fundamentally strong company, but its growth is not outrageously high. At the same time, shares trade well above the historical norm, which makes its buybacks less effective and which results in multiplecompression risk. Over the last couple of months, Apple has already seen its shares pull back considerably. Depending on where rates are headed, shares could fall further, however.</p><p><b>Apple Has A Strong Business, But Not Too Much Growth</b></p><p>Looking at Apple&#39;s fundamentals, we can say that this is clearly a strong company. Not only does Apple have a great balance sheet with ample cash resources, but Apple also operates with attractive margins and returns on capital.</p><p>During the last four quarters, Apple&#39;s net margin was 26%. That does not only mean that Apple generates a hefty amount of profit for every additional sale it makes, but Apple&#39;s margins also are reducing risks in times of inflation. Some companies have already seen their margins compress due to the current high-inflation environment. That is way more dangerous for companies with low margins, as a 200-basis point margin hit would cut profits in half for a company with a 4% net margin. Apple, in the same scenario, would see its profits decline by less than 10%, which means that high-margin businesses such as Apple are lower-risk investments in times such as these.</p><p>A high-quality company isn&#39;t necessarily a high-growth company, however. In Apple&#39;s case, the enormous baseline means that growing the business further is far from easy. A company that generates annual revenue of close to $400 billion needs to add billions of dollars in revenue every year just for a paltry 1% revenue growth rate. If the company wants a 5% growth rate, which is solid but far from spectacular, $20 billion in additional sales during a single year are required. Price increases for its hardware products such as the iPhone, iPad, Mac, etc. help drive some revenue growth in the long run, but volume growth is not too much of a tailwind. After all, most people that want a smartphone or a tablet already have one and replacing existing ones does not lead to long-term volume growth. Apple&#39;s services business has generated above-average growth in recent years, but that will likely not be enough to lead to great business growth in the long run. After all, even when Apple rolls out new services over time that add a billion in revenue or two, that barely moves the needle for a $400 billion-a-year giant.</p><p>Not too surprisingly, Apple&#39;s forecasted revenue growth is thus not overly strong:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b34d4d22439ea64352caf9220cffbb8b\" tg-width=\"640\" tg-height=\"146\" width=\"100%\" height=\"auto\"/><span>AAPL revenue growth forecast (Source: Seeking Alpha)</span></p><p>Growth during the current year is forecasted at a little less than 8%, partially made possible thanks to a still somewhat easy comparison to the pandemic-impacted quarters last year. Beyond the current year, growth is forecasted to decelerate meaningfully, however, to just 5% in 2023 and 4% in 2024-2025.</p><p>Earnings per share growth is not only coming from revenue growth, of course. Margin expansion can boost earnings further, but due to Apple&#39;s already very high margins and due to inflationary pressures in all kinds of products and commodities, it seems doubtful whether Apple will be able to boost its margins dramatically from the already very elevated level.</p><p>Last but not least, buybacks can result in earnings per share growing faster than the company&#39;s overall net profits. That has been the case for Apple for many years, and it will likely hold true in the future as well. Unfortunately, Apple&#39;s buybacks have become a lot less efficient over time. Between May 2013 and May 2020, Apple&#39;s share count declined by 32%, which pencils out to a 5.4% annual reduction rate (CAGR). Over the last two years, however, Apple has only reduced its share count by 4.8%:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2f8fa0d831de491cef772ea0668d8b1\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>The annual share count reduction pace in that time frame was thus just 2.4%, or significantly less than half the buyback pace seen over the previous seven years. That is not the result of a reduction in Apple&#39;s absolute buyback spending. Instead, Apple&#39;s shares have become way more expensive than they used to be over the last decade, which has made buybacks less efficient - naturally, buying back shares when they are cheap is more impactful than buying back shares when they are expensive.</p><p>Since Apple&#39;s shares are still very pricey when compared to the historical norm, we can expect that Apple&#39;s buybacks will continue to lack behind the historic average in relative terms. The earnings per share growth tailwinds from buybacks should thus continue to underwhelm going forward, compared to the way more pronounced buyback impact we have seen in prior years when Apple was able to scoop up shares at a way lower valuation.</p><p>Due to the baseline effect/law of large numbers that makes maintaining a lot of business growth difficult, and due to the fact that smartphones, PCs, and so on aren&#39;t really a growth industry, combined with a weak impact from buybacks, Apple is thus not expected to grow its earnings per share very much going forward. I still do expect that Apple will generate a solid earnings per share growth pace in the long run, but not an exciting one.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18547e21264db45381f14fec12e30f17\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Over the last decade, Apple has grown its earnings per share by a huge 305%. That pencils out to an annual earnings per share growth rate of 15.0%. Going forward, the analyst community is predicting earnings per share growth that is roughly half as high:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c0e4b495e8312d0585f3bd55eb891d6\" tg-width=\"640\" tg-height=\"296\" width=\"100%\" height=\"auto\"/><span>AAPL EPS growth forecast (Source: Seeking Alpha)</span></p><p>We see expected EPS growth of 10% this year, while earnings per share growth is forecasted to decelerate to as low as 4% in the years beyond 2022. Overall, earnings per share are forecasted to rise by just 80% over the coming nine years, while Apple roughly quadrupled its EPS over the last ten years. Clearly, growth in the coming years will likely be way lower than it used to be in the past. That is not necessarily a disaster. In fact, growth deceleration over time has to be expected as companies mature eventually. The lower future growth should be reflected in the company&#39;s valuation, however, and that does not seem to be the case at all.</p><p><b>AAPL Stock: Expensive By Historical Standards</b></p><p>Right now, Apple is trading for $141 per share, which is down by 23% from the 52-week high. But that has by far not made Apple into a cheap stock:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d84af723e478e338c15dddd6434ab26\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>In the above chart, we see that Apple is now trading for 23x forward net profits, while the 10-year median earnings multiple is 16.4. In other words, Apple is still trading at a 40% premium compared to how shares were valued, on average, in the past. Looking at the company&#39;s enterprise value to EBITDA multiple, which accounts for changes in net cash due to using EV, the premium versus the historical valuation is even more pronounced. At a 19x forward EV/EBITDA multiple, Apple is trading at a premium of almost 80% compared to the 10-year median EV/EBITDA ratio of 10.6.</p><p>We can thus summarize that Apple&#39;s current valuation is still way higher than it was, on average, over the last decade - despite the 20%+ share price decline since the company peaked earlier this year. At the same time, Apple&#39;s expected revenue and earnings per share growth rate for the coming years is way<i>lower</i>than the growth the company has delivered over the last decade. A way higher valuation for a company that will be delivering way less growth in the coming years does not seem like an attractive investment proposal to me.</p><p>Another way to look at Apple&#39;s valuation is a comparison between its earnings yield and the US Treasury yield:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cf71cfbf6927b0cbc348428cff0fb3b\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>We see that Apple&#39;s earnings yield is currently 1.1% higher than the 10-year treasury rate. Historically, the risk premium has been much larger, often around 3%, but even higher at times. We can thus say that, relative to risk-free investments (treasuries), Apple has become more expensive over the last couple of years, as its spread has dwindled. That does not necessarily mean that Treasuries are a better investment. But it seems clear that Apple has been getting way more expensive in recent years, as investors bid up its shares further and further, pushing the yield spread versus risk-free investments lower and lower.</p><p><b>What It Means</b></p><p>The combination of these factors means that Apple could have considerably more downside potential. The company, which will most likely not grow as much in the future as it did in the past, could see its shares fall by another 30%, and it would still not be cheap by historical standards. Instead, Apple would be trading perfectly in line with its 10-year median earnings multiple of 16 in that scenario. Apple&#39;s shares are not as overvalued as they were when they traded at $160, $170, or even higher. But even at $141, AAPL is still very clearly on the expensive side by historical standards. With interest rates rising, which is a clear negative for equity valuations, Apple has considerably more downside risk. That will not necessarily materialize, but investors should at least know that buying Apple at $141, and at an earnings multiple well above 20 is far from a value pick. Apple was a great value pick when it traded at earnings multiples of 10-15 years ago. But today, even following a sizeable downturn in recent months, AAPL is still pricey.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Be Careful, There's A Lot More Downside Risk</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: Be Careful, There's A Lot More Downside Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 09:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple is a fundamentally strong company that will generate some business growth in the coming years.The huge baseline means that relative growth won't be too strong, and at the same time, AAPL'...</p>\n\n<a href=\"https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2236670897","content_text":"SummaryApple is a fundamentally strong company that will generate some business growth in the coming years.The huge baseline means that relative growth won't be too strong, and at the same time, AAPL's buybacks are way less effective than they used to be.AAPL shares have sold off considerably, but they are still far from cheap. In fact, another 30% share price drop could bring the valuation to the long-term average.24K-Production/iStock via Getty ImagesArticle ThesisApple (NASDAQ:AAPL) is a fundamentally strong company, but its growth is not outrageously high. At the same time, shares trade well above the historical norm, which makes its buybacks less effective and which results in multiplecompression risk. Over the last couple of months, Apple has already seen its shares pull back considerably. Depending on where rates are headed, shares could fall further, however.Apple Has A Strong Business, But Not Too Much GrowthLooking at Apple's fundamentals, we can say that this is clearly a strong company. Not only does Apple have a great balance sheet with ample cash resources, but Apple also operates with attractive margins and returns on capital.During the last four quarters, Apple's net margin was 26%. That does not only mean that Apple generates a hefty amount of profit for every additional sale it makes, but Apple's margins also are reducing risks in times of inflation. Some companies have already seen their margins compress due to the current high-inflation environment. That is way more dangerous for companies with low margins, as a 200-basis point margin hit would cut profits in half for a company with a 4% net margin. Apple, in the same scenario, would see its profits decline by less than 10%, which means that high-margin businesses such as Apple are lower-risk investments in times such as these.A high-quality company isn't necessarily a high-growth company, however. In Apple's case, the enormous baseline means that growing the business further is far from easy. A company that generates annual revenue of close to $400 billion needs to add billions of dollars in revenue every year just for a paltry 1% revenue growth rate. If the company wants a 5% growth rate, which is solid but far from spectacular, $20 billion in additional sales during a single year are required. Price increases for its hardware products such as the iPhone, iPad, Mac, etc. help drive some revenue growth in the long run, but volume growth is not too much of a tailwind. After all, most people that want a smartphone or a tablet already have one and replacing existing ones does not lead to long-term volume growth. Apple's services business has generated above-average growth in recent years, but that will likely not be enough to lead to great business growth in the long run. After all, even when Apple rolls out new services over time that add a billion in revenue or two, that barely moves the needle for a $400 billion-a-year giant.Not too surprisingly, Apple's forecasted revenue growth is thus not overly strong:AAPL revenue growth forecast (Source: Seeking Alpha)Growth during the current year is forecasted at a little less than 8%, partially made possible thanks to a still somewhat easy comparison to the pandemic-impacted quarters last year. Beyond the current year, growth is forecasted to decelerate meaningfully, however, to just 5% in 2023 and 4% in 2024-2025.Earnings per share growth is not only coming from revenue growth, of course. Margin expansion can boost earnings further, but due to Apple's already very high margins and due to inflationary pressures in all kinds of products and commodities, it seems doubtful whether Apple will be able to boost its margins dramatically from the already very elevated level.Last but not least, buybacks can result in earnings per share growing faster than the company's overall net profits. That has been the case for Apple for many years, and it will likely hold true in the future as well. Unfortunately, Apple's buybacks have become a lot less efficient over time. Between May 2013 and May 2020, Apple's share count declined by 32%, which pencils out to a 5.4% annual reduction rate (CAGR). Over the last two years, however, Apple has only reduced its share count by 4.8%:Data by YChartsThe annual share count reduction pace in that time frame was thus just 2.4%, or significantly less than half the buyback pace seen over the previous seven years. That is not the result of a reduction in Apple's absolute buyback spending. Instead, Apple's shares have become way more expensive than they used to be over the last decade, which has made buybacks less efficient - naturally, buying back shares when they are cheap is more impactful than buying back shares when they are expensive.Since Apple's shares are still very pricey when compared to the historical norm, we can expect that Apple's buybacks will continue to lack behind the historic average in relative terms. The earnings per share growth tailwinds from buybacks should thus continue to underwhelm going forward, compared to the way more pronounced buyback impact we have seen in prior years when Apple was able to scoop up shares at a way lower valuation.Due to the baseline effect/law of large numbers that makes maintaining a lot of business growth difficult, and due to the fact that smartphones, PCs, and so on aren't really a growth industry, combined with a weak impact from buybacks, Apple is thus not expected to grow its earnings per share very much going forward. I still do expect that Apple will generate a solid earnings per share growth pace in the long run, but not an exciting one.Data by YChartsOver the last decade, Apple has grown its earnings per share by a huge 305%. That pencils out to an annual earnings per share growth rate of 15.0%. Going forward, the analyst community is predicting earnings per share growth that is roughly half as high:AAPL EPS growth forecast (Source: Seeking Alpha)We see expected EPS growth of 10% this year, while earnings per share growth is forecasted to decelerate to as low as 4% in the years beyond 2022. Overall, earnings per share are forecasted to rise by just 80% over the coming nine years, while Apple roughly quadrupled its EPS over the last ten years. Clearly, growth in the coming years will likely be way lower than it used to be in the past. That is not necessarily a disaster. In fact, growth deceleration over time has to be expected as companies mature eventually. The lower future growth should be reflected in the company's valuation, however, and that does not seem to be the case at all.AAPL Stock: Expensive By Historical StandardsRight now, Apple is trading for $141 per share, which is down by 23% from the 52-week high. But that has by far not made Apple into a cheap stock:Data by YChartsIn the above chart, we see that Apple is now trading for 23x forward net profits, while the 10-year median earnings multiple is 16.4. In other words, Apple is still trading at a 40% premium compared to how shares were valued, on average, in the past. Looking at the company's enterprise value to EBITDA multiple, which accounts for changes in net cash due to using EV, the premium versus the historical valuation is even more pronounced. At a 19x forward EV/EBITDA multiple, Apple is trading at a premium of almost 80% compared to the 10-year median EV/EBITDA ratio of 10.6.We can thus summarize that Apple's current valuation is still way higher than it was, on average, over the last decade - despite the 20%+ share price decline since the company peaked earlier this year. At the same time, Apple's expected revenue and earnings per share growth rate for the coming years is waylowerthan the growth the company has delivered over the last decade. A way higher valuation for a company that will be delivering way less growth in the coming years does not seem like an attractive investment proposal to me.Another way to look at Apple's valuation is a comparison between its earnings yield and the US Treasury yield:Data by YChartsWe see that Apple's earnings yield is currently 1.1% higher than the 10-year treasury rate. Historically, the risk premium has been much larger, often around 3%, but even higher at times. We can thus say that, relative to risk-free investments (treasuries), Apple has become more expensive over the last couple of years, as its spread has dwindled. That does not necessarily mean that Treasuries are a better investment. But it seems clear that Apple has been getting way more expensive in recent years, as investors bid up its shares further and further, pushing the yield spread versus risk-free investments lower and lower.What It MeansThe combination of these factors means that Apple could have considerably more downside potential. The company, which will most likely not grow as much in the future as it did in the past, could see its shares fall by another 30%, and it would still not be cheap by historical standards. Instead, Apple would be trading perfectly in line with its 10-year median earnings multiple of 16 in that scenario. Apple's shares are not as overvalued as they were when they traded at $160, $170, or even higher. But even at $141, AAPL is still very clearly on the expensive side by historical standards. With interest rates rising, which is a clear negative for equity valuations, Apple has considerably more downside risk. That will not necessarily materialize, but investors should at least know that buying Apple at $141, and at an earnings multiple well above 20 is far from a value pick. Apple was a great value pick when it traded at earnings multiples of 10-15 years ago. But today, even following a sizeable downturn in recent months, AAPL is still pricey.","news_type":1},"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021153350,"gmtCreate":1653015864470,"gmtModify":1676535209185,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Thanks. Good insight","listText":"Thanks. Good insight","text":"Thanks. Good insight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021153350","repostId":"2236338440","repostType":2,"repost":{"id":"2236338440","kind":"highlight","pubTimestamp":1653014957,"share":"https://ttm.financial/m/news/2236338440?lang=&edition=fundamental","pubTime":"2022-05-20 10:49","market":"us","language":"en","title":"Palantir: Visibility Into The Upside","url":"https://stock-news.laohu8.com/highlight/detail?id=2236338440","media":"seekingalpha","summary":"SummaryPalantir shares have been rocked as the market prices in an underlying growth rate closer to ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Palantir shares have been rocked as the market prices in an underlying growth rate closer to 20% rather than the company’s 30% guidance.</li><li>Management stated that its Foundry platform could be to the coming decade what Amazon’s AWS was to the last, offering a glimpse into the vast upside potential.</li><li>Palantir has suspended its SPAC investment strategy, eliminating a major customer acquisition red flag after unrealized losses surpassed $200 million.</li><li>With growth slowing, the open question is whether Palantir can broadly penetrate the enterprise software market and the non-US and UK government market.</li><li>Palantir offers one of the largest long-term growth opportunities in the marketplace. With the shares down 87% and expectations adjusting lower, there is increasing visibility into the upside potential.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b22457c73fde6bb9452530e03e739c60\" tg-width=\"750\" tg-height=\"580\" width=\"100%\" height=\"auto\"/><span>agawa288/iStock via Getty Images</span></p><p>I am assigning Palantir (NYSE:PLTR) a positive risk/reward rating based on the vast nature of its long-term opportunity set, its increasingly attractive valuation, and its deeply oversold technical position. In my prior Palantir report from February 3, 2022, I made the following observation of the likely downside potential for Palantir:</p><blockquote>To estimate downside potential beneath $10, I apply an earnings multiple of 40x the 2022 non-GAAP consensus earnings estimate… would place Palantir shares at $8… If the 39% consensus earnings estimate for 2022 is too high, further downside from $8 is in the realm of possibility… I apply the same 40x non-GAAP earnings to my estimate of Palantir&#39;s current annual run rate… If earnings growth comes in at 25% for 2022 (my estimate of adjusted gross profit growth as of Q3 2021)… the shares could trade down to $6.</blockquote><p>In fact, the shares touched a low of $6.44 on May 12, 2022, punctuating a vicious -32% selloff following the company&#39;s Q1 2022 earnings release. Interestingly, consensus earnings growth estimates are now aligned with my previous 25% earnings growth estimate for 2022. The extraordinary volatility is a reminder that Palantir is for those seeking exceptional growth potential with the associated risk.</p><p>Nonetheless, the shares are testing a reasonable valuation zone, as outlined in my prior report. Additionally, Palantir&#39;s stock is down roughly 87% from its all-time high reached in 2021. As a result, it is fair to say that a significant amount of risk has already materialized and thus has been removed from Palantir&#39;s share price.</p><p><b>Risk/Reward Rating: Positive</b></p><p>While taking notes during Palantir&#39;s Q1 2022 earnings conference call, <a href=\"https://laohu8.com/S/AONE.U\">one</a> line, in particular, stood out and captures the essence of the Palantir investment case. The following is a paraphrase of my notes from the call: &#34;What AWS was to the last decade, Foundry will be to the next.&#34;</p><p>Foundry is one of three primary platforms offered by Palantir. This type of vision speaks to the upside opportunity that many envision for Palantir&#39;s future. Most investors attribute the majority of Amazon&#39;s (AMZN) $1.2 trillion market value to its AWS division. As a result, even a fraction of an AWS-like opportunity represents extraordinary growth potential for Palantir and its shareholders. Palantir&#39;s current valuation is near $18 billion (using the fully diluted share count) and trending lower.</p><p><b>Growth Trajectory</b></p><p>In terms of its growth potential, Palantir continues to guide investors to 30% revenue growth per year through 2025. The 32% selloff in the shares following the reiteration of this guidance speaks to the challenge facing Palantir&#39;s stock in the near term. The market has clearly signaled that it doubts whether management&#39;s 30% growth guidance can be achieved. I spoke to the high likelihood that growth would disappoint in my February report after breaking down Palantir&#39;s growth by customer cohort (emphasis added):</p><blockquote>Similar to the Scale cohort growth rate annualizing at 20% in 2021, the new customer sales growth rate is annualizing at 22% through Q3 2021… As a result<b>, Palantir appears to be trending toward an underlying sales growth rate closer to 20%</b> than the company&#39;s 30% sales growth guidance through mid-decade.</blockquote><p>Now that the risk of disappointment has materialized, the market is increasingly uncertain about the sustainable growth trajectory for Palantir. To tackle this question, I compiled Palantir&#39;s segment sales performance for Q1 2022 and the full year of 2021 to construct a picture of the near-term growth trajectory. The following two tables were compiled from Palantir&#39;s Q1 2022 10-Q and 2021 10-K filed with the SEC. The first table displays Q1 2022 and the second displays 2021. Please note that I have color-coded the related cells for comparison within and between the tables.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6014209021f3fa2f8092daf4a26dba11\" tg-width=\"640\" tg-height=\"464\" width=\"100%\" height=\"auto\"/><span>Created by Brian Kapp, stoxdox</span></p><p>Before adding the 2021 table for comparison, note that Palantir grew its revenue by just over 19% in Q1 2022, excluding revenue from Investees (the lower blue highlighted cell). Please compare the 19% growth in Q1 2022 to the blue highlighted cells in the table below for 2021. The growth deceleration is material excluding Investee revenue.</p><p>I would highly recommend reading my prior report for a detailed discussion of the Investee situation. A summary of the current Investees is included at the end of this article for those interested. In essence, investing in companies in return for software sales to those same companies is not a sustainable customer acquisition strategy.</p><p>As a result, I and many others exclude sales to Investees from view when trying to determine Palantir&#39;s sustainable growth trajectory. Interestingly, Palantir stated on the Q1 2022 conference call that they have discontinued the Investee program thus removing a major red flag going forward.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a7b062d439185403c6bcd0841413601\" tg-width=\"640\" tg-height=\"464\" width=\"100%\" height=\"auto\"/><span>Created by Brian Kapp, stoxdox</span></p><p>Notice that total sales grew nearly 37% excluding Investees in 2021 (the lower blue highlighted cell). It should be noted that the growth rate in Q3 2021 was 29% and in Q4 2021 it was 25% (not shown here). The 19% growth posted in Q1 2022 is a substantial deceleration, however, it is generally in line with what one would expect given the preexisting slowdown in Palantir&#39;s growth trajectory.</p><p>I have highlighted in yellow the total dollar growth of revenue for Q1 2022 and the full year of 2021 (excluding sales to Investees). The $66 million of revenue growth in Q1 2022 annualizes at $264 million, in comparison to the $401 million of revenue growth posted in 2021. While Palantir experiences some cyclicality, with the potential for stronger sales in the second half of the year, the Q1 2022 sales figure looks quite weak.</p><p>In fact, in Q1 2021, Palantir grew sales by $112 million (not shown here) which annualized at $448 million compared to the actual sales growth achieved in 2021 of $401 million (excluding Investee revenue). As a result, the Q1 2022 sales growth figure, which annualizes at $264 million, is worrisome when compared to 2021 and the company&#39;s 30% sales growth guidance.</p><p>If sales growth were to come in at $264 million for all of 2022 (excluding Investees), Palantir would grow at 17%. With 19% growth in Q1 2022, down from 37% in 2021, 17% growth would represent a stabilization of the existing downtrend rather than a continuation of Palantir&#39;s growth deceleration.</p><p>Growth stabilization looks to be a possibility as the following paraphrase from my Q1 2022 conference call notes highlights. The paraphrase pertains to management&#39;s discussion of Palantir&#39;s near-term sales guidance which disappointed investors (emphasis added): <i>&#34;We have visibility into the upside,</i> and the upside is quite large.&#34;</p><p><b>Upside Visibility</b></p><p>The bolded text in the above quote inspired the title for this report. It also captures the increasing upside visibility available to investors as Palantir&#39;s share price continues to fall. In terms of what could drive Palantir&#39;s revenue upside, management believes that US government sales will reaccelerate as 2022 unfolds. The 16% growth posted in Q1 2022 is well below the historical Government segment growth rate of 30% per year. This segment could certainly stabilize Palantir&#39;s growth rate as it represents 54% of sales as of Q1.</p><p>With Commercial segment sales growth stable in 2021 and Q1 2022 near 24% per year (excluding Investee revenue), the Government segment trending back towards its historical growth rate of 30% would return Palantir to the ballpark of its 30% annual sales growth guidance.</p><p>The following table highlights another Government segment growth vector that could open up given the extreme level of geopolitical instability and the structural ripple effects into the Commercial segment. These ripple effects are most clearly visible in the widespread failure of supply chains in recent times. The table was compiled from Palantir&#39;s Q1 2022 10-Q filed with the SEC. I have highlighted the additional Government growth vector.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cde3ec929a5825c2fbed7e6a378b108a\" tg-width=\"640\" tg-height=\"135\" width=\"100%\" height=\"auto\"/><span>Created by Brian Kapp, stoxdox</span></p><p>The US government represented 42% of Palantir&#39;s total sales in Q1 2022 or approximately $187 million. The UK is a large government customer as well, with the Royal Navy and NHS being notable Palantir customers. I estimate that the US and UK governments account for approximately 92% of Palantir&#39;s total Government segment sales. As a result, the vast majority of the rest of world sales in the above table represent Commercial segment sales. I estimate commercial sales comprise 84% of Palantir&#39;s rest of world revenue.</p><p>There is extraordinary upside potential for Palantir in the Government segment globally at only 16% of rest of world sales. With the US and UK governments serving as early adopters, other governments are likely to be incentivized to explore Palantir&#39;s capabilities.</p><p>Greater integration with the US and UK should become increasingly attractive for the rest of the world category. This is especially true given the geopolitical situation and associated commercial disruptions. The possibility that this could become a growth vector for Palantir is highlighted by the following two paraphrases from my Q1 2022 conference call notes: &#34;The nuclear threat is much higher than is believed or than is being portrayed in the media.&#34;</p><p>The underappreciated risk of nuclear events, while at the extreme end of the risk spectrum that Palantir&#39;s products help address, serves to accentuate the opportunity set for Palantir. There are an unlimited number of geopolitical risk vectors for the Government segment with direct ripple effects into the Commercial segment. These risks are now on the front burner for the world&#39;s governments and enterprises alike.</p><p>The second paraphrase from my notes pertains to the spillover of geopolitical tensions into the commercial realm and the disruption of supply chains in particular: &#34;Literally every function of every business is breaking.&#34;</p><p>In essence, Palantir believes that the rapid escalation of geopolitical risks (Russia and China in particular) and the spillover into the commercial sector represents an ideal backdrop for Palantir to sell into, given the company&#39;s deep roots in national security and mission-critical operations. I tend to agree overall with this positive competitive assessment for the coming years. These dynamics could very well lead to nearer-term growth opportunities that could surprise to the upside once the current growth disappointment dissipates and expectations are fully reset.</p><p><b>Consensus Growth Estimates</b></p><p>Interestingly, consensus revenue growth estimates remain unchanged since my February report. As evidenced by Palantir&#39;s collapsing share price, the market has sent a clear signal of no confidence in Palantir achieving 30% sales growth. That said, consensus growth estimates continue to embed the company&#39;s 30% sales growth guidance. Please note that consensus sales estimates include Investee revenue which should account for 6% of total sales in 2022. The following tables were compiled from Seeking Alpha and my prior article and display consensus estimates as of 5-15-22 compared to 2-2-22.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/796c39436a333158793cf93601e3da5f\" tg-width=\"638\" tg-height=\"242\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha. Created by Brian Kapp, stoxdox</span></p><p>I have highlighted 2022 and 2023 for ease of comparison. Based on the underlying 17% to 19% sales growth trajectory as of Q1 2022 discussed above, the likelihood of missing estimates in 2022 and 2023 is elevated. This is especially true for sales in light of the termination of the Investee customer acquisition strategy. While consensus revenue estimates remain unchanged and at risk, earnings estimates have ratcheted lower since my last report as can be seen in the following table.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7c561c18fb35635a76c9ce58f477db0\" tg-width=\"638\" tg-height=\"242\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha. Created by Brian Kapp, stoxdox</span></p><p>I have highlighted in yellow the consensus earnings estimates for 2022 and 2023 which have declined by -20% and -14%, respectively, since February 2. Additionally, notice that the valuation multiple has contracted by 18%, from 62x to 51x the 2022 consensus estimate (highlighted in blue). The valuation multiple contracted 22%, from 45x to 35x the 2023 consensus earnings estimate. Please note that these are non-GAAP earnings estimates as Palantir currently operates at a loss on a GAAP basis.</p><p>Nonetheless, when earnings and valuation multiples are moving in the same direction, amplified price volatility is the end result. As investors, we are looking for situations in which earnings estimates and valuation multiples are moving up together, creating amplified upside opportunities. Palantir is clearly undergoing the opposite at the moment.</p><p><b>Profitability Trends</b></p><p>There remains further risk to consensus earnings estimates for 2022 and 2023 as is evidenced by the company&#39;s various profitability measures. When reviewing the underlying trend in Palantir&#39;s profitability measures, consensus estimates for 25% and 47% growth in 2022 and 2023, respectively, appear to be at risk. The following table was compiled from Palantir&#39;s Q1 2022 10-Q filed with the SEC and displays the company&#39;s adjusted operating income growth (highlighted in yellow).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e6c7104e38d18395dea8d8d4d8aa3b03\" tg-width=\"640\" tg-height=\"132\" width=\"100%\" height=\"auto\"/><span>Created by Brian Kapp, stoxdox</span></p><p>While Palantir&#39;s GAAP income is improving from -$114 million to -$39 million, its adjusted operating income has stagnated for all intents and purposes. The signs of profitability stagnation are also evident in Palantir&#39;s cash flow statement below (compiled from the same 10-Q). I have highlighted the key data points.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4643407d0c54c1abe4e12ae6e9a370de\" tg-width=\"640\" tg-height=\"464\" width=\"100%\" height=\"auto\"/><span>Created by Brian Kapp, stoxdox</span></p><p>Importantly, Palantir&#39;s Q1 cash flow from operations declined by 70% to $35 million in Q1 2022, while free cash flow turned decidedly negative (the yellow highlighted cells versus the blue highlighted cells). I have included Palantir&#39;s investments in Investees in my free cash flow estimation. This amounted to $89.5 million in Q1 and was recently discontinued. Regardless, Palantir&#39;s declining cash flows fully support the message from its stagnant adjusted income. The consensus earnings estimates of 25% for 2022 and 47% for 2023 are clearly at risk.</p><p><b>Key Business Measure</b></p><p>Palantir utilizes a KPI or Key Performance Indicator for allocating resources internally, which is closely related to the concept of gross profit margin, called Contribution Margin. For a more detailed discussion of this metric, please see my February report. The underlying trajectory of this KPI is similar to the adjusted income and cash flow trends above, if less extreme.</p><p>The following tables display Palantir&#39;s Contribution Margin and were compiled from the company&#39;s Q1 2022 10-Q and my previous Palantir report. The first table displays Q1 2022 and the second displays the trend through Q3 2021. Please note that I have color-coded the related cells for comparison within and between the tables.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f1976698261d14d8ba419b33b43766a8\" tg-width=\"640\" tg-height=\"423\" width=\"100%\" height=\"auto\"/><span>Created by Brian Kapp, stoxdox</span></p><p>Before displaying the 2021 data, please note that the Contribution Margin grew 24% in Q1 2022 (highlighted in yellow). The growth through Q3 2021 is displayed below and is also highlighted in yellow. Through the first three quarters of 2021, Contribution Margin grew by 64%, however, it slowed dramatically to 37% in Q3 2021 and 27% in Q4 2021 (not shown below). The research and development expense stagnation highlighted in blue, both above and below, will shed some light on the dynamics at play.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1eb3259f5f1b0ee57573816b7dd3484e\" tg-width=\"640\" tg-height=\"247\" width=\"100%\" height=\"auto\"/><span>Created by Brian Kapp, stoxdox</span></p><p>While the Contribution Margin is in a similar deceleration trend as most of Palantir&#39;s business metrics, at 24% growth in Q1 2022, the growth rate remains above all other metrics. The higher growth rate of Palantir&#39;s Contribution Margin in the face of stagnating adjusted income and declining cash flows is likely an artifact of the Investee program that was active through Q1 2022 and which was recently terminated.</p><p>In essence, Palantir invested in companies (Investees) in return for software sales commitments. Sales to such customers accounted for $39 million of Q1 2022 total sales. Notice in the first table that the 24% Contribution Margin growth in Q1 2022 equates to an increase of $48 million compared to Q1 2021. The Investee sales likely required little in the way of research and development or general and administrative expenses. Palantir acquired and implemented the relationships via an investment agreement.</p><p>As a result, the Contribution Margin growth of 24% in Q1 2022 is likely inflated by up to $39 million. Removing this would result in Contribution Margin growth of just 4%, which is more in line with the adjusted income stagnation and cash flow contraction. The stagnation of research and development expenses from Q3 2021 to Q1 2022 (highlighted in blue in the above tables) suggests that this is the correct inference regarding the inflated growth of Palantir&#39;s Contribution Margin compared to its other performance metrics.</p><p><b>Research and Development</b></p><p>In my February report, I highlighted the rapid slowdown of research and development expenses as a likely negative signal. The reason for this is Palantir&#39;s unique sales cycle compared to standard enterprise software companies. I covered the details of Palantir&#39;s unique sales cycle and customer cohorts in the prior report. The essence is captured by the following quote from the February article:</p><blockquote>The research and development investment slowdown could be a negative read through for sales growth as R&amp;D is an integral part of the sales process. Research and development expenses should track the sales cycle through the three customer phases: Acquire, Expand, and Scale… This does not appear to be happening at the moment.</blockquote><p>The following passage from Palantir&#39;s 2021 10-K supports my interpretation of the signal being sent by Palantir&#39;s stagnant research and development investment.</p><blockquote>We believe that in order to fully address the most complex and valuable challenges that our customers face, we must experience and understand their problems firsthand… we embed with our users. Our research and development function is responsible for the design, development, testing, validation, and refinement of our platforms, and embedding with our users allows us to identify research and development opportunities…</blockquote><p>In summary, all profit growth measures look to be on a stagnating trajectory at minimum and point to an elevated risk of disappointment in regard to consensus earnings growth estimates. As a result, a primary challenge in evaluating the timing of an investment in Palantir is inferring what is priced into the shares on the sales and earnings growth front. With consensus growth estimates and the underlying trends in hand, we can begin to construct Palantir&#39;s potential return spectrum.</p><p><b>Technicals</b></p><p>The technical backdrop provides an excellent bird&#39;s eye view of Palantir&#39;s upside return potential, while fundamental measures will dominate the downside return potential given that Palantir is testing new all-time lows. The following 2-year daily chart captures Palantir&#39;s IPO and the essence of the technical backdrop. I have highlighted the key resistance levels (technical upside targets) with orange lines.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a15fef920f0c09c71a9d697b708eaa\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/><span>Palantir 2-year daily chart (Created by Brian Kapp using a chart from Barchart.com)</span></p><p>Given the recent break to all-time lows, there are no visible technical support levels. The 1-year daily chart below provides a closer look.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/806868dae1d9a75949a30a224137e08e\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/><span>Palantir 1-year daily chart (Created by Brian Kapp using a chart from Barchart.com)</span></p><p>Please note that the gold line represents the 50-day moving average and the grey line denotes the 200-day moving average. At roughly $8 per share, Palantir is deeply oversold as is evidenced by it being 128% away from its 200-day moving average. The 200-day moving average happens to coincide with the second resistance level. This is likely to be a very heavy resistance zone as it served as the primary support level during Q2 and Q4 of 2021.</p><p>Before testing the upper resistance levels, Palantir will first have to clear the first resistance level near the IPO price of $10. The following 6-month daily chart zooms in on this first resistance level.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94142f6bc2a59a08e88cd3e3422a9c12\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/><span>Palantir 6-month daily chart (Created by Brian Kapp using a chart from Barchart.com)</span></p><p>Notice that trading volume is dropping off following the two-day rally off the recent all-time low. This suggests that Palantir is likely to retest the all-time lows toward $6. A retest of the lows and the need for more extensive base building is well supported by the fundamental deterioration discussed above, as well as in my February report. This interpretation is also supported by the fact that Palantir still trades at an elevated valuation of 8.5x the 2022 consensus sales estimate and 51x the consensus non-GAAP EPS estimate.</p><p><b>Potential Return Spectrum</b></p><p>The upside return potential to each of the technical resistance levels is summarized in the table below. I have estimated the downside return potential using various comparable company valuations in the software industry: <a href=\"https://laohu8.com/S/CRM\">Salesforce</a> (CRM), <a href=\"https://laohu8.com/S/WDAY\">Workday</a> (WDAY), and Splunk (SPLK). These comparables are a good representation of current valuations throughout the software sector. The lowest downside return estimate is arrived at by applying the market multiple to Palantir&#39;s 2022 EPS estimate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69450b8413221d5ba42faa5de2a4591f\" tg-width=\"640\" tg-height=\"402\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha. Created by Brian Kapp, stoxdox</span></p><p>I have highlighted in yellow what I view as the most likely nearer-term return spectrum of -30% to +128%. The blue highlighted cells represent my estimation of the nearer-term (1-3 years) extremes of the potential return spectrum, which ranges from -44% to +239%.</p><p>The -60% downside potential cannot be ruled out if Palantir&#39;s growth disappointment persists, however, I view this as a low probability level even with further disappointment. On the upside, assuming Palantir begins to gain material traction in the Commercial segment, all-time highs within a 5-year time frame are a reasonable possibility. If so, the upside opportunity is extraordinary at +463%.</p><p><b>Summary</b></p><p>All told, Palantir&#39;s risk/reward asymmetry is heavily skewed to the upside. The vast nature of its long-term opportunity combined with its well-advanced valuation correction should bring all secular growth investors to attention. With the stock highly likely to retest recent lows or lower while building a base, the time is now to plan and execute an accumulation strategy for those seeking exceptional return potential.</p><p>If Palantir can execute on its growth plan and become some version of what AWS was to the last decade, the upside potential is truly vast. In conclusion, my prior quote captures the essence of the Palantir investment case, from the perspective of the company and its business as well as that of an investor: &#34;We have visibility into the upside, and the upside is quite large.&#34;</p><p><b>Investee Details</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54e74788c15daaafe35356e42375e00c\" tg-width=\"640\" tg-height=\"474\" width=\"100%\" height=\"auto\"/><span>Created by Brian Kapp, stoxdox</span></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>Palantir: Visibility Into The Upside</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\">\nPalantir: Visibility Into The Upside\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513235-palantir-visibility-into-the-upside><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPalantir shares have been rocked as the market prices in an underlying growth rate closer to 20% rather than the company’s 30% guidance.Management stated that its Foundry platform could be to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4513235-palantir-visibility-into-the-upside\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4513235-palantir-visibility-into-the-upside","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2236338440","content_text":"SummaryPalantir shares have been rocked as the market prices in an underlying growth rate closer to 20% rather than the company’s 30% guidance.Management stated that its Foundry platform could be to the coming decade what Amazon’s AWS was to the last, offering a glimpse into the vast upside potential.Palantir has suspended its SPAC investment strategy, eliminating a major customer acquisition red flag after unrealized losses surpassed $200 million.With growth slowing, the open question is whether Palantir can broadly penetrate the enterprise software market and the non-US and UK government market.Palantir offers one of the largest long-term growth opportunities in the marketplace. With the shares down 87% and expectations adjusting lower, there is increasing visibility into the upside potential.agawa288/iStock via Getty ImagesI am assigning Palantir (NYSE:PLTR) a positive risk/reward rating based on the vast nature of its long-term opportunity set, its increasingly attractive valuation, and its deeply oversold technical position. In my prior Palantir report from February 3, 2022, I made the following observation of the likely downside potential for Palantir:To estimate downside potential beneath $10, I apply an earnings multiple of 40x the 2022 non-GAAP consensus earnings estimate… would place Palantir shares at $8… If the 39% consensus earnings estimate for 2022 is too high, further downside from $8 is in the realm of possibility… I apply the same 40x non-GAAP earnings to my estimate of Palantir's current annual run rate… If earnings growth comes in at 25% for 2022 (my estimate of adjusted gross profit growth as of Q3 2021)… the shares could trade down to $6.In fact, the shares touched a low of $6.44 on May 12, 2022, punctuating a vicious -32% selloff following the company's Q1 2022 earnings release. Interestingly, consensus earnings growth estimates are now aligned with my previous 25% earnings growth estimate for 2022. The extraordinary volatility is a reminder that Palantir is for those seeking exceptional growth potential with the associated risk.Nonetheless, the shares are testing a reasonable valuation zone, as outlined in my prior report. Additionally, Palantir's stock is down roughly 87% from its all-time high reached in 2021. As a result, it is fair to say that a significant amount of risk has already materialized and thus has been removed from Palantir's share price.Risk/Reward Rating: PositiveWhile taking notes during Palantir's Q1 2022 earnings conference call, one line, in particular, stood out and captures the essence of the Palantir investment case. The following is a paraphrase of my notes from the call: \"What AWS was to the last decade, Foundry will be to the next.\"Foundry is one of three primary platforms offered by Palantir. This type of vision speaks to the upside opportunity that many envision for Palantir's future. Most investors attribute the majority of Amazon's (AMZN) $1.2 trillion market value to its AWS division. As a result, even a fraction of an AWS-like opportunity represents extraordinary growth potential for Palantir and its shareholders. Palantir's current valuation is near $18 billion (using the fully diluted share count) and trending lower.Growth TrajectoryIn terms of its growth potential, Palantir continues to guide investors to 30% revenue growth per year through 2025. The 32% selloff in the shares following the reiteration of this guidance speaks to the challenge facing Palantir's stock in the near term. The market has clearly signaled that it doubts whether management's 30% growth guidance can be achieved. I spoke to the high likelihood that growth would disappoint in my February report after breaking down Palantir's growth by customer cohort (emphasis added):Similar to the Scale cohort growth rate annualizing at 20% in 2021, the new customer sales growth rate is annualizing at 22% through Q3 2021… As a result, Palantir appears to be trending toward an underlying sales growth rate closer to 20% than the company's 30% sales growth guidance through mid-decade.Now that the risk of disappointment has materialized, the market is increasingly uncertain about the sustainable growth trajectory for Palantir. To tackle this question, I compiled Palantir's segment sales performance for Q1 2022 and the full year of 2021 to construct a picture of the near-term growth trajectory. The following two tables were compiled from Palantir's Q1 2022 10-Q and 2021 10-K filed with the SEC. The first table displays Q1 2022 and the second displays 2021. Please note that I have color-coded the related cells for comparison within and between the tables.Created by Brian Kapp, stoxdoxBefore adding the 2021 table for comparison, note that Palantir grew its revenue by just over 19% in Q1 2022, excluding revenue from Investees (the lower blue highlighted cell). Please compare the 19% growth in Q1 2022 to the blue highlighted cells in the table below for 2021. The growth deceleration is material excluding Investee revenue.I would highly recommend reading my prior report for a detailed discussion of the Investee situation. A summary of the current Investees is included at the end of this article for those interested. In essence, investing in companies in return for software sales to those same companies is not a sustainable customer acquisition strategy.As a result, I and many others exclude sales to Investees from view when trying to determine Palantir's sustainable growth trajectory. Interestingly, Palantir stated on the Q1 2022 conference call that they have discontinued the Investee program thus removing a major red flag going forward.Created by Brian Kapp, stoxdoxNotice that total sales grew nearly 37% excluding Investees in 2021 (the lower blue highlighted cell). It should be noted that the growth rate in Q3 2021 was 29% and in Q4 2021 it was 25% (not shown here). The 19% growth posted in Q1 2022 is a substantial deceleration, however, it is generally in line with what one would expect given the preexisting slowdown in Palantir's growth trajectory.I have highlighted in yellow the total dollar growth of revenue for Q1 2022 and the full year of 2021 (excluding sales to Investees). The $66 million of revenue growth in Q1 2022 annualizes at $264 million, in comparison to the $401 million of revenue growth posted in 2021. While Palantir experiences some cyclicality, with the potential for stronger sales in the second half of the year, the Q1 2022 sales figure looks quite weak.In fact, in Q1 2021, Palantir grew sales by $112 million (not shown here) which annualized at $448 million compared to the actual sales growth achieved in 2021 of $401 million (excluding Investee revenue). As a result, the Q1 2022 sales growth figure, which annualizes at $264 million, is worrisome when compared to 2021 and the company's 30% sales growth guidance.If sales growth were to come in at $264 million for all of 2022 (excluding Investees), Palantir would grow at 17%. With 19% growth in Q1 2022, down from 37% in 2021, 17% growth would represent a stabilization of the existing downtrend rather than a continuation of Palantir's growth deceleration.Growth stabilization looks to be a possibility as the following paraphrase from my Q1 2022 conference call notes highlights. The paraphrase pertains to management's discussion of Palantir's near-term sales guidance which disappointed investors (emphasis added): \"We have visibility into the upside, and the upside is quite large.\"Upside VisibilityThe bolded text in the above quote inspired the title for this report. It also captures the increasing upside visibility available to investors as Palantir's share price continues to fall. In terms of what could drive Palantir's revenue upside, management believes that US government sales will reaccelerate as 2022 unfolds. The 16% growth posted in Q1 2022 is well below the historical Government segment growth rate of 30% per year. This segment could certainly stabilize Palantir's growth rate as it represents 54% of sales as of Q1.With Commercial segment sales growth stable in 2021 and Q1 2022 near 24% per year (excluding Investee revenue), the Government segment trending back towards its historical growth rate of 30% would return Palantir to the ballpark of its 30% annual sales growth guidance.The following table highlights another Government segment growth vector that could open up given the extreme level of geopolitical instability and the structural ripple effects into the Commercial segment. These ripple effects are most clearly visible in the widespread failure of supply chains in recent times. The table was compiled from Palantir's Q1 2022 10-Q filed with the SEC. I have highlighted the additional Government growth vector.Created by Brian Kapp, stoxdoxThe US government represented 42% of Palantir's total sales in Q1 2022 or approximately $187 million. The UK is a large government customer as well, with the Royal Navy and NHS being notable Palantir customers. I estimate that the US and UK governments account for approximately 92% of Palantir's total Government segment sales. As a result, the vast majority of the rest of world sales in the above table represent Commercial segment sales. I estimate commercial sales comprise 84% of Palantir's rest of world revenue.There is extraordinary upside potential for Palantir in the Government segment globally at only 16% of rest of world sales. With the US and UK governments serving as early adopters, other governments are likely to be incentivized to explore Palantir's capabilities.Greater integration with the US and UK should become increasingly attractive for the rest of the world category. This is especially true given the geopolitical situation and associated commercial disruptions. The possibility that this could become a growth vector for Palantir is highlighted by the following two paraphrases from my Q1 2022 conference call notes: \"The nuclear threat is much higher than is believed or than is being portrayed in the media.\"The underappreciated risk of nuclear events, while at the extreme end of the risk spectrum that Palantir's products help address, serves to accentuate the opportunity set for Palantir. There are an unlimited number of geopolitical risk vectors for the Government segment with direct ripple effects into the Commercial segment. These risks are now on the front burner for the world's governments and enterprises alike.The second paraphrase from my notes pertains to the spillover of geopolitical tensions into the commercial realm and the disruption of supply chains in particular: \"Literally every function of every business is breaking.\"In essence, Palantir believes that the rapid escalation of geopolitical risks (Russia and China in particular) and the spillover into the commercial sector represents an ideal backdrop for Palantir to sell into, given the company's deep roots in national security and mission-critical operations. I tend to agree overall with this positive competitive assessment for the coming years. These dynamics could very well lead to nearer-term growth opportunities that could surprise to the upside once the current growth disappointment dissipates and expectations are fully reset.Consensus Growth EstimatesInterestingly, consensus revenue growth estimates remain unchanged since my February report. As evidenced by Palantir's collapsing share price, the market has sent a clear signal of no confidence in Palantir achieving 30% sales growth. That said, consensus growth estimates continue to embed the company's 30% sales growth guidance. Please note that consensus sales estimates include Investee revenue which should account for 6% of total sales in 2022. The following tables were compiled from Seeking Alpha and my prior article and display consensus estimates as of 5-15-22 compared to 2-2-22.Seeking Alpha. Created by Brian Kapp, stoxdoxI have highlighted 2022 and 2023 for ease of comparison. Based on the underlying 17% to 19% sales growth trajectory as of Q1 2022 discussed above, the likelihood of missing estimates in 2022 and 2023 is elevated. This is especially true for sales in light of the termination of the Investee customer acquisition strategy. While consensus revenue estimates remain unchanged and at risk, earnings estimates have ratcheted lower since my last report as can be seen in the following table.Seeking Alpha. Created by Brian Kapp, stoxdoxI have highlighted in yellow the consensus earnings estimates for 2022 and 2023 which have declined by -20% and -14%, respectively, since February 2. Additionally, notice that the valuation multiple has contracted by 18%, from 62x to 51x the 2022 consensus estimate (highlighted in blue). The valuation multiple contracted 22%, from 45x to 35x the 2023 consensus earnings estimate. Please note that these are non-GAAP earnings estimates as Palantir currently operates at a loss on a GAAP basis.Nonetheless, when earnings and valuation multiples are moving in the same direction, amplified price volatility is the end result. As investors, we are looking for situations in which earnings estimates and valuation multiples are moving up together, creating amplified upside opportunities. Palantir is clearly undergoing the opposite at the moment.Profitability TrendsThere remains further risk to consensus earnings estimates for 2022 and 2023 as is evidenced by the company's various profitability measures. When reviewing the underlying trend in Palantir's profitability measures, consensus estimates for 25% and 47% growth in 2022 and 2023, respectively, appear to be at risk. The following table was compiled from Palantir's Q1 2022 10-Q filed with the SEC and displays the company's adjusted operating income growth (highlighted in yellow).Created by Brian Kapp, stoxdoxWhile Palantir's GAAP income is improving from -$114 million to -$39 million, its adjusted operating income has stagnated for all intents and purposes. The signs of profitability stagnation are also evident in Palantir's cash flow statement below (compiled from the same 10-Q). I have highlighted the key data points.Created by Brian Kapp, stoxdoxImportantly, Palantir's Q1 cash flow from operations declined by 70% to $35 million in Q1 2022, while free cash flow turned decidedly negative (the yellow highlighted cells versus the blue highlighted cells). I have included Palantir's investments in Investees in my free cash flow estimation. This amounted to $89.5 million in Q1 and was recently discontinued. Regardless, Palantir's declining cash flows fully support the message from its stagnant adjusted income. The consensus earnings estimates of 25% for 2022 and 47% for 2023 are clearly at risk.Key Business MeasurePalantir utilizes a KPI or Key Performance Indicator for allocating resources internally, which is closely related to the concept of gross profit margin, called Contribution Margin. For a more detailed discussion of this metric, please see my February report. The underlying trajectory of this KPI is similar to the adjusted income and cash flow trends above, if less extreme.The following tables display Palantir's Contribution Margin and were compiled from the company's Q1 2022 10-Q and my previous Palantir report. The first table displays Q1 2022 and the second displays the trend through Q3 2021. Please note that I have color-coded the related cells for comparison within and between the tables.Created by Brian Kapp, stoxdoxBefore displaying the 2021 data, please note that the Contribution Margin grew 24% in Q1 2022 (highlighted in yellow). The growth through Q3 2021 is displayed below and is also highlighted in yellow. Through the first three quarters of 2021, Contribution Margin grew by 64%, however, it slowed dramatically to 37% in Q3 2021 and 27% in Q4 2021 (not shown below). The research and development expense stagnation highlighted in blue, both above and below, will shed some light on the dynamics at play.Created by Brian Kapp, stoxdoxWhile the Contribution Margin is in a similar deceleration trend as most of Palantir's business metrics, at 24% growth in Q1 2022, the growth rate remains above all other metrics. The higher growth rate of Palantir's Contribution Margin in the face of stagnating adjusted income and declining cash flows is likely an artifact of the Investee program that was active through Q1 2022 and which was recently terminated.In essence, Palantir invested in companies (Investees) in return for software sales commitments. Sales to such customers accounted for $39 million of Q1 2022 total sales. Notice in the first table that the 24% Contribution Margin growth in Q1 2022 equates to an increase of $48 million compared to Q1 2021. The Investee sales likely required little in the way of research and development or general and administrative expenses. Palantir acquired and implemented the relationships via an investment agreement.As a result, the Contribution Margin growth of 24% in Q1 2022 is likely inflated by up to $39 million. Removing this would result in Contribution Margin growth of just 4%, which is more in line with the adjusted income stagnation and cash flow contraction. The stagnation of research and development expenses from Q3 2021 to Q1 2022 (highlighted in blue in the above tables) suggests that this is the correct inference regarding the inflated growth of Palantir's Contribution Margin compared to its other performance metrics.Research and DevelopmentIn my February report, I highlighted the rapid slowdown of research and development expenses as a likely negative signal. The reason for this is Palantir's unique sales cycle compared to standard enterprise software companies. I covered the details of Palantir's unique sales cycle and customer cohorts in the prior report. The essence is captured by the following quote from the February article:The research and development investment slowdown could be a negative read through for sales growth as R&D is an integral part of the sales process. Research and development expenses should track the sales cycle through the three customer phases: Acquire, Expand, and Scale… This does not appear to be happening at the moment.The following passage from Palantir's 2021 10-K supports my interpretation of the signal being sent by Palantir's stagnant research and development investment.We believe that in order to fully address the most complex and valuable challenges that our customers face, we must experience and understand their problems firsthand… we embed with our users. Our research and development function is responsible for the design, development, testing, validation, and refinement of our platforms, and embedding with our users allows us to identify research and development opportunities…In summary, all profit growth measures look to be on a stagnating trajectory at minimum and point to an elevated risk of disappointment in regard to consensus earnings growth estimates. As a result, a primary challenge in evaluating the timing of an investment in Palantir is inferring what is priced into the shares on the sales and earnings growth front. With consensus growth estimates and the underlying trends in hand, we can begin to construct Palantir's potential return spectrum.TechnicalsThe technical backdrop provides an excellent bird's eye view of Palantir's upside return potential, while fundamental measures will dominate the downside return potential given that Palantir is testing new all-time lows. The following 2-year daily chart captures Palantir's IPO and the essence of the technical backdrop. I have highlighted the key resistance levels (technical upside targets) with orange lines.Palantir 2-year daily chart (Created by Brian Kapp using a chart from Barchart.com)Given the recent break to all-time lows, there are no visible technical support levels. The 1-year daily chart below provides a closer look.Palantir 1-year daily chart (Created by Brian Kapp using a chart from Barchart.com)Please note that the gold line represents the 50-day moving average and the grey line denotes the 200-day moving average. At roughly $8 per share, Palantir is deeply oversold as is evidenced by it being 128% away from its 200-day moving average. The 200-day moving average happens to coincide with the second resistance level. This is likely to be a very heavy resistance zone as it served as the primary support level during Q2 and Q4 of 2021.Before testing the upper resistance levels, Palantir will first have to clear the first resistance level near the IPO price of $10. The following 6-month daily chart zooms in on this first resistance level.Palantir 6-month daily chart (Created by Brian Kapp using a chart from Barchart.com)Notice that trading volume is dropping off following the two-day rally off the recent all-time low. This suggests that Palantir is likely to retest the all-time lows toward $6. A retest of the lows and the need for more extensive base building is well supported by the fundamental deterioration discussed above, as well as in my February report. This interpretation is also supported by the fact that Palantir still trades at an elevated valuation of 8.5x the 2022 consensus sales estimate and 51x the consensus non-GAAP EPS estimate.Potential Return SpectrumThe upside return potential to each of the technical resistance levels is summarized in the table below. I have estimated the downside return potential using various comparable company valuations in the software industry: Salesforce (CRM), Workday (WDAY), and Splunk (SPLK). These comparables are a good representation of current valuations throughout the software sector. The lowest downside return estimate is arrived at by applying the market multiple to Palantir's 2022 EPS estimate.Seeking Alpha. Created by Brian Kapp, stoxdoxI have highlighted in yellow what I view as the most likely nearer-term return spectrum of -30% to +128%. The blue highlighted cells represent my estimation of the nearer-term (1-3 years) extremes of the potential return spectrum, which ranges from -44% to +239%.The -60% downside potential cannot be ruled out if Palantir's growth disappointment persists, however, I view this as a low probability level even with further disappointment. On the upside, assuming Palantir begins to gain material traction in the Commercial segment, all-time highs within a 5-year time frame are a reasonable possibility. If so, the upside opportunity is extraordinary at +463%.SummaryAll told, Palantir's risk/reward asymmetry is heavily skewed to the upside. The vast nature of its long-term opportunity combined with its well-advanced valuation correction should bring all secular growth investors to attention. With the stock highly likely to retest recent lows or lower while building a base, the time is now to plan and execute an accumulation strategy for those seeking exceptional return potential.If Palantir can execute on its growth plan and become some version of what AWS was to the last decade, the upside potential is truly vast. In conclusion, my prior quote captures the essence of the Palantir investment case, from the perspective of the company and its business as well as that of an investor: \"We have visibility into the upside, and the upside is quite large.\"Investee DetailsCreated by Brian Kapp, stoxdox","news_type":1},"isVote":1,"tweetType":1,"viewCount":530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021150509,"gmtCreate":1653015690301,"gmtModify":1676535209153,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Good insight.&nbsp; Thanks.&nbsp;","listText":"Good insight.&nbsp; Thanks.&nbsp;","text":"Good insight. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021150509","repostId":"2236670897","repostType":2,"repost":{"id":"2236670897","kind":"news","pubTimestamp":1653011211,"share":"https://ttm.financial/m/news/2236670897?lang=&edition=fundamental","pubTime":"2022-05-20 09:46","market":"us","language":"en","title":"Apple: Be Careful, There's A Lot More Downside Risk","url":"https://stock-news.laohu8.com/highlight/detail?id=2236670897","media":"Seekingalpha","summary":"SummaryApple is a fundamentally strong company that will generate some business growth in the coming","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple is a fundamentally strong company that will generate some business growth in the coming years.</li><li>The huge baseline means that relative growth won&#39;t be too strong, and at the same time, AAPL&#39;s buybacks are way less effective than they used to be.</li><li>AAPL shares have sold off considerably, but they are still far from cheap. In fact, another 30% share price drop could bring the valuation to the long-term average.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/155c5440be53b77f03e11163375aa17c\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>24K-Production/iStock via Getty Images</span></p><p><b>Article Thesis</b></p><p>Apple (NASDAQ:AAPL) is a fundamentally strong company, but its growth is not outrageously high. At the same time, shares trade well above the historical norm, which makes its buybacks less effective and which results in multiplecompression risk. Over the last couple of months, Apple has already seen its shares pull back considerably. Depending on where rates are headed, shares could fall further, however.</p><p><b>Apple Has A Strong Business, But Not Too Much Growth</b></p><p>Looking at Apple&#39;s fundamentals, we can say that this is clearly a strong company. Not only does Apple have a great balance sheet with ample cash resources, but Apple also operates with attractive margins and returns on capital.</p><p>During the last four quarters, Apple&#39;s net margin was 26%. That does not only mean that Apple generates a hefty amount of profit for every additional sale it makes, but Apple&#39;s margins also are reducing risks in times of inflation. Some companies have already seen their margins compress due to the current high-inflation environment. That is way more dangerous for companies with low margins, as a 200-basis point margin hit would cut profits in half for a company with a 4% net margin. Apple, in the same scenario, would see its profits decline by less than 10%, which means that high-margin businesses such as Apple are lower-risk investments in times such as these.</p><p>A high-quality company isn&#39;t necessarily a high-growth company, however. In Apple&#39;s case, the enormous baseline means that growing the business further is far from easy. A company that generates annual revenue of close to $400 billion needs to add billions of dollars in revenue every year just for a paltry 1% revenue growth rate. If the company wants a 5% growth rate, which is solid but far from spectacular, $20 billion in additional sales during a single year are required. Price increases for its hardware products such as the iPhone, iPad, Mac, etc. help drive some revenue growth in the long run, but volume growth is not too much of a tailwind. After all, most people that want a smartphone or a tablet already have one and replacing existing ones does not lead to long-term volume growth. Apple&#39;s services business has generated above-average growth in recent years, but that will likely not be enough to lead to great business growth in the long run. After all, even when Apple rolls out new services over time that add a billion in revenue or two, that barely moves the needle for a $400 billion-a-year giant.</p><p>Not too surprisingly, Apple&#39;s forecasted revenue growth is thus not overly strong:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b34d4d22439ea64352caf9220cffbb8b\" tg-width=\"640\" tg-height=\"146\" width=\"100%\" height=\"auto\"/><span>AAPL revenue growth forecast (Source: Seeking Alpha)</span></p><p>Growth during the current year is forecasted at a little less than 8%, partially made possible thanks to a still somewhat easy comparison to the pandemic-impacted quarters last year. Beyond the current year, growth is forecasted to decelerate meaningfully, however, to just 5% in 2023 and 4% in 2024-2025.</p><p>Earnings per share growth is not only coming from revenue growth, of course. Margin expansion can boost earnings further, but due to Apple&#39;s already very high margins and due to inflationary pressures in all kinds of products and commodities, it seems doubtful whether Apple will be able to boost its margins dramatically from the already very elevated level.</p><p>Last but not least, buybacks can result in earnings per share growing faster than the company&#39;s overall net profits. That has been the case for Apple for many years, and it will likely hold true in the future as well. Unfortunately, Apple&#39;s buybacks have become a lot less efficient over time. Between May 2013 and May 2020, Apple&#39;s share count declined by 32%, which pencils out to a 5.4% annual reduction rate (CAGR). Over the last two years, however, Apple has only reduced its share count by 4.8%:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2f8fa0d831de491cef772ea0668d8b1\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>The annual share count reduction pace in that time frame was thus just 2.4%, or significantly less than half the buyback pace seen over the previous seven years. That is not the result of a reduction in Apple&#39;s absolute buyback spending. Instead, Apple&#39;s shares have become way more expensive than they used to be over the last decade, which has made buybacks less efficient - naturally, buying back shares when they are cheap is more impactful than buying back shares when they are expensive.</p><p>Since Apple&#39;s shares are still very pricey when compared to the historical norm, we can expect that Apple&#39;s buybacks will continue to lack behind the historic average in relative terms. The earnings per share growth tailwinds from buybacks should thus continue to underwhelm going forward, compared to the way more pronounced buyback impact we have seen in prior years when Apple was able to scoop up shares at a way lower valuation.</p><p>Due to the baseline effect/law of large numbers that makes maintaining a lot of business growth difficult, and due to the fact that smartphones, PCs, and so on aren&#39;t really a growth industry, combined with a weak impact from buybacks, Apple is thus not expected to grow its earnings per share very much going forward. I still do expect that Apple will generate a solid earnings per share growth pace in the long run, but not an exciting one.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18547e21264db45381f14fec12e30f17\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Over the last decade, Apple has grown its earnings per share by a huge 305%. That pencils out to an annual earnings per share growth rate of 15.0%. Going forward, the analyst community is predicting earnings per share growth that is roughly half as high:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c0e4b495e8312d0585f3bd55eb891d6\" tg-width=\"640\" tg-height=\"296\" width=\"100%\" height=\"auto\"/><span>AAPL EPS growth forecast (Source: Seeking Alpha)</span></p><p>We see expected EPS growth of 10% this year, while earnings per share growth is forecasted to decelerate to as low as 4% in the years beyond 2022. Overall, earnings per share are forecasted to rise by just 80% over the coming nine years, while Apple roughly quadrupled its EPS over the last ten years. Clearly, growth in the coming years will likely be way lower than it used to be in the past. That is not necessarily a disaster. In fact, growth deceleration over time has to be expected as companies mature eventually. The lower future growth should be reflected in the company&#39;s valuation, however, and that does not seem to be the case at all.</p><p><b>AAPL Stock: Expensive By Historical Standards</b></p><p>Right now, Apple is trading for $141 per share, which is down by 23% from the 52-week high. But that has by far not made Apple into a cheap stock:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d84af723e478e338c15dddd6434ab26\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>In the above chart, we see that Apple is now trading for 23x forward net profits, while the 10-year median earnings multiple is 16.4. In other words, Apple is still trading at a 40% premium compared to how shares were valued, on average, in the past. Looking at the company&#39;s enterprise value to EBITDA multiple, which accounts for changes in net cash due to using EV, the premium versus the historical valuation is even more pronounced. At a 19x forward EV/EBITDA multiple, Apple is trading at a premium of almost 80% compared to the 10-year median EV/EBITDA ratio of 10.6.</p><p>We can thus summarize that Apple&#39;s current valuation is still way higher than it was, on average, over the last decade - despite the 20%+ share price decline since the company peaked earlier this year. At the same time, Apple&#39;s expected revenue and earnings per share growth rate for the coming years is way<i>lower</i>than the growth the company has delivered over the last decade. A way higher valuation for a company that will be delivering way less growth in the coming years does not seem like an attractive investment proposal to me.</p><p>Another way to look at Apple&#39;s valuation is a comparison between its earnings yield and the US Treasury yield:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cf71cfbf6927b0cbc348428cff0fb3b\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>We see that Apple&#39;s earnings yield is currently 1.1% higher than the 10-year treasury rate. Historically, the risk premium has been much larger, often around 3%, but even higher at times. We can thus say that, relative to risk-free investments (treasuries), Apple has become more expensive over the last couple of years, as its spread has dwindled. That does not necessarily mean that Treasuries are a better investment. But it seems clear that Apple has been getting way more expensive in recent years, as investors bid up its shares further and further, pushing the yield spread versus risk-free investments lower and lower.</p><p><b>What It Means</b></p><p>The combination of these factors means that Apple could have considerably more downside potential. The company, which will most likely not grow as much in the future as it did in the past, could see its shares fall by another 30%, and it would still not be cheap by historical standards. Instead, Apple would be trading perfectly in line with its 10-year median earnings multiple of 16 in that scenario. Apple&#39;s shares are not as overvalued as they were when they traded at $160, $170, or even higher. But even at $141, AAPL is still very clearly on the expensive side by historical standards. With interest rates rising, which is a clear negative for equity valuations, Apple has considerably more downside risk. That will not necessarily materialize, but investors should at least know that buying Apple at $141, and at an earnings multiple well above 20 is far from a value pick. Apple was a great value pick when it traded at earnings multiples of 10-15 years ago. But today, even following a sizeable downturn in recent months, AAPL is still pricey.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Be Careful, There's A Lot More Downside Risk</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: Be Careful, There's A Lot More Downside Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 09:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple is a fundamentally strong company that will generate some business growth in the coming years.The huge baseline means that relative growth won't be too strong, and at the same time, AAPL'...</p>\n\n<a href=\"https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2236670897","content_text":"SummaryApple is a fundamentally strong company that will generate some business growth in the coming years.The huge baseline means that relative growth won't be too strong, and at the same time, AAPL's buybacks are way less effective than they used to be.AAPL shares have sold off considerably, but they are still far from cheap. In fact, another 30% share price drop could bring the valuation to the long-term average.24K-Production/iStock via Getty ImagesArticle ThesisApple (NASDAQ:AAPL) is a fundamentally strong company, but its growth is not outrageously high. At the same time, shares trade well above the historical norm, which makes its buybacks less effective and which results in multiplecompression risk. Over the last couple of months, Apple has already seen its shares pull back considerably. Depending on where rates are headed, shares could fall further, however.Apple Has A Strong Business, But Not Too Much GrowthLooking at Apple's fundamentals, we can say that this is clearly a strong company. Not only does Apple have a great balance sheet with ample cash resources, but Apple also operates with attractive margins and returns on capital.During the last four quarters, Apple's net margin was 26%. That does not only mean that Apple generates a hefty amount of profit for every additional sale it makes, but Apple's margins also are reducing risks in times of inflation. Some companies have already seen their margins compress due to the current high-inflation environment. That is way more dangerous for companies with low margins, as a 200-basis point margin hit would cut profits in half for a company with a 4% net margin. Apple, in the same scenario, would see its profits decline by less than 10%, which means that high-margin businesses such as Apple are lower-risk investments in times such as these.A high-quality company isn't necessarily a high-growth company, however. In Apple's case, the enormous baseline means that growing the business further is far from easy. A company that generates annual revenue of close to $400 billion needs to add billions of dollars in revenue every year just for a paltry 1% revenue growth rate. If the company wants a 5% growth rate, which is solid but far from spectacular, $20 billion in additional sales during a single year are required. Price increases for its hardware products such as the iPhone, iPad, Mac, etc. help drive some revenue growth in the long run, but volume growth is not too much of a tailwind. After all, most people that want a smartphone or a tablet already have one and replacing existing ones does not lead to long-term volume growth. Apple's services business has generated above-average growth in recent years, but that will likely not be enough to lead to great business growth in the long run. After all, even when Apple rolls out new services over time that add a billion in revenue or two, that barely moves the needle for a $400 billion-a-year giant.Not too surprisingly, Apple's forecasted revenue growth is thus not overly strong:AAPL revenue growth forecast (Source: Seeking Alpha)Growth during the current year is forecasted at a little less than 8%, partially made possible thanks to a still somewhat easy comparison to the pandemic-impacted quarters last year. Beyond the current year, growth is forecasted to decelerate meaningfully, however, to just 5% in 2023 and 4% in 2024-2025.Earnings per share growth is not only coming from revenue growth, of course. Margin expansion can boost earnings further, but due to Apple's already very high margins and due to inflationary pressures in all kinds of products and commodities, it seems doubtful whether Apple will be able to boost its margins dramatically from the already very elevated level.Last but not least, buybacks can result in earnings per share growing faster than the company's overall net profits. That has been the case for Apple for many years, and it will likely hold true in the future as well. Unfortunately, Apple's buybacks have become a lot less efficient over time. Between May 2013 and May 2020, Apple's share count declined by 32%, which pencils out to a 5.4% annual reduction rate (CAGR). Over the last two years, however, Apple has only reduced its share count by 4.8%:Data by YChartsThe annual share count reduction pace in that time frame was thus just 2.4%, or significantly less than half the buyback pace seen over the previous seven years. That is not the result of a reduction in Apple's absolute buyback spending. Instead, Apple's shares have become way more expensive than they used to be over the last decade, which has made buybacks less efficient - naturally, buying back shares when they are cheap is more impactful than buying back shares when they are expensive.Since Apple's shares are still very pricey when compared to the historical norm, we can expect that Apple's buybacks will continue to lack behind the historic average in relative terms. The earnings per share growth tailwinds from buybacks should thus continue to underwhelm going forward, compared to the way more pronounced buyback impact we have seen in prior years when Apple was able to scoop up shares at a way lower valuation.Due to the baseline effect/law of large numbers that makes maintaining a lot of business growth difficult, and due to the fact that smartphones, PCs, and so on aren't really a growth industry, combined with a weak impact from buybacks, Apple is thus not expected to grow its earnings per share very much going forward. I still do expect that Apple will generate a solid earnings per share growth pace in the long run, but not an exciting one.Data by YChartsOver the last decade, Apple has grown its earnings per share by a huge 305%. That pencils out to an annual earnings per share growth rate of 15.0%. Going forward, the analyst community is predicting earnings per share growth that is roughly half as high:AAPL EPS growth forecast (Source: Seeking Alpha)We see expected EPS growth of 10% this year, while earnings per share growth is forecasted to decelerate to as low as 4% in the years beyond 2022. Overall, earnings per share are forecasted to rise by just 80% over the coming nine years, while Apple roughly quadrupled its EPS over the last ten years. Clearly, growth in the coming years will likely be way lower than it used to be in the past. That is not necessarily a disaster. In fact, growth deceleration over time has to be expected as companies mature eventually. The lower future growth should be reflected in the company's valuation, however, and that does not seem to be the case at all.AAPL Stock: Expensive By Historical StandardsRight now, Apple is trading for $141 per share, which is down by 23% from the 52-week high. But that has by far not made Apple into a cheap stock:Data by YChartsIn the above chart, we see that Apple is now trading for 23x forward net profits, while the 10-year median earnings multiple is 16.4. In other words, Apple is still trading at a 40% premium compared to how shares were valued, on average, in the past. Looking at the company's enterprise value to EBITDA multiple, which accounts for changes in net cash due to using EV, the premium versus the historical valuation is even more pronounced. At a 19x forward EV/EBITDA multiple, Apple is trading at a premium of almost 80% compared to the 10-year median EV/EBITDA ratio of 10.6.We can thus summarize that Apple's current valuation is still way higher than it was, on average, over the last decade - despite the 20%+ share price decline since the company peaked earlier this year. At the same time, Apple's expected revenue and earnings per share growth rate for the coming years is waylowerthan the growth the company has delivered over the last decade. A way higher valuation for a company that will be delivering way less growth in the coming years does not seem like an attractive investment proposal to me.Another way to look at Apple's valuation is a comparison between its earnings yield and the US Treasury yield:Data by YChartsWe see that Apple's earnings yield is currently 1.1% higher than the 10-year treasury rate. Historically, the risk premium has been much larger, often around 3%, but even higher at times. We can thus say that, relative to risk-free investments (treasuries), Apple has become more expensive over the last couple of years, as its spread has dwindled. That does not necessarily mean that Treasuries are a better investment. But it seems clear that Apple has been getting way more expensive in recent years, as investors bid up its shares further and further, pushing the yield spread versus risk-free investments lower and lower.What It MeansThe combination of these factors means that Apple could have considerably more downside potential. The company, which will most likely not grow as much in the future as it did in the past, could see its shares fall by another 30%, and it would still not be cheap by historical standards. Instead, Apple would be trading perfectly in line with its 10-year median earnings multiple of 16 in that scenario. Apple's shares are not as overvalued as they were when they traded at $160, $170, or even higher. But even at $141, AAPL is still very clearly on the expensive side by historical standards. With interest rates rising, which is a clear negative for equity valuations, Apple has considerably more downside risk. That will not necessarily materialize, but investors should at least know that buying Apple at $141, and at an earnings multiple well above 20 is far from a value pick. Apple was a great value pick when it traded at earnings multiples of 10-15 years ago. But today, even following a sizeable downturn in recent months, AAPL is still pricey.","news_type":1},"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063256228,"gmtCreate":1651480287282,"gmtModify":1676534913912,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Still good value.&nbsp;","listText":"Still good value.&nbsp;","text":"Still good value.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063256228","repostId":"2232627854","repostType":4,"repost":{"id":"2232627854","kind":"news","pubTimestamp":1651474203,"share":"https://ttm.financial/m/news/2232627854?lang=&edition=fundamental","pubTime":"2022-05-02 14:50","market":"us","language":"en","title":"Amazon and Ford Have a Big Problem They Can't Control","url":"https://stock-news.laohu8.com/highlight/detail?id=2232627854","media":"TheStreet","summary":"E-commerce giant Amazon and automaker Ford both have stakes in a company that is becoming a financia","content":"<html><head></head><body><p>E-commerce giant Amazon and automaker Ford both have stakes in a company that is becoming a financial headache.</p><p>Amazon and Ford operate in two different sectors.</p><p>The first is in online commerce, streaming, sport and, above all, cloud computing, an El Dorado that Microsoft and Google also battle for.</p><p>As for Ford, after decades of focusing on making vehicles with internal combustion engines, Dearborn has focused on transforming itself into a manufacturer of electric vehicles.</p><p>But if the one doesn&#39;t make cars and the other is not an e-commerce juggernaut, they share a common priority: Both are betting on clean vehicles.</p><p>Amazon, which is forever building out its logistics network, wants to make sure it stays ahead in the race for fast product delivery. Ford, for its part, wants to ensure that the EV gap with Tesla does not widen to the point that it&#39;s unbridgeable.</p><p>It was these concerns that somewhat motivated their equity investments in Rivian, the manufacturer of electric pickups, vans and SUVs, which presents as one of Tesla&#39;s main rivals.</p><p>These investments initially paid off. Rivian Automotive’s IPO last November generated an about $12 billion gain for Amazon, for example.</p><p>Amazon owned 17.74% of Rivian as of Dec. 31 and Ford owned 11.42%, according to documents filed with the Securities and Exchange Commission.</p><p><b>Rivian Faces a Lot of Headwinds</b></p><p>But Rivian&#39;s horizon has darkened somewhat due to numerous problems related to its production activities.</p><p>Like the rest of the auto industry, Rivian has been unable to produce the number of cars that its capacity enables.</p><p>The industry points to several factors, but in particular auto-supply chains remain messy. Carmakers have run short of parts, especially the semiconductors that have become integral to vehicles.</p><p>Rivian and rivals are also facing rising raw-material prices, which are increasing its costs.</p><p>Finally, the upstart vehicle manufacturer is experiencing the classic problems of maturity linked to the rise in production rates. &#34;Our initial deliveries for the R1T and R1S were delayed, and our production ramp is taking longer than originally expected due to a number of reasons,&#34; Rivian said early April.</p><p>&#34;The cascading impacts of the covid-19 pandemic, and more recently the conflict in the Ukraine, have impacted our business and operations from facility construction to equipment installation to vehicle component supply.&#34;</p><p>Rivian was founded in 2009 and went public in 2021. From facilities in Normal, Ill., the carmaker produces three vehicles: the R1T electric pickup, the R1S electric SUV, and the RCV electric commercial van.</p><p>Rivian plans to open a second production site, east of Atlanta, in 2024. And it plans to manufacture 400,000 vehicles a year, compared with 1,015 units in 2021.</p><p>At the beginning of March, the company had said that the Normal factory had capacity to produce 50,000 vehicles in 2022, but due to supply-chain difficulties, Rivian would manufacture only half that number -- 25,000.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/454f21c5d7ffe36568d6005847295b60\" tg-width=\"1240\" tg-height=\"698\" width=\"100%\" height=\"auto\"/><span>Amazon</span></p><p><b>Rivian Is a Loss-Maker for Amazon and Ford</b></p><p>These operational difficulties are reflected on the stock market, as Rivian shares have slumped 69% this year. The market capitalization at Rivian has shrunk by $63.4 billion, to $28.2 billion, in this four-month period. No surprise, then, that the shares of Amazon and Ford have also been hit.</p><p>Another point: Companies in their earnings reports must update the fair values of the securities they hold. These securities are usually valued in terms of market capitalization, by using the values on the last trading day of a quarter.</p><p>Rivian shares lost 52% -- more than half -- of their value from Dec. 31 through March 31.</p><p>&#34;We reported an overall net loss of $3.8 billion in the first quarter,&#34; Brian Olsavsky, Amazon&#39;s chief financial officer, told analysts on April 29 during the first-quarter-earnings call.</p><p>&#34;While we primarily focus our comments on operating income, I&#39;d point out that this net loss includes a pre-tax valuation loss of $7.6 billion included in nonoperating expense from our common-stock investment in Rivian Automotive.&#34;</p><p>This impairment contrasts with the fourth quarter of 2021, when Amazon&#39;s stake in Rivian gave the e-commerce giant a $12 billion gain.</p><p>Ford, for its part, posted a net loss of $3.1 billion from January to March. In the first three months of 2021, the maker of the hugely popular F-150 pickup had posted net income of $2.3 billion.</p><p>The veteran carmaker said that its loss stemmed from elements external to its operations.</p><p>&#34;A net loss of $3.1 billion was primarily attributable to a mark-to-market loss of $5.4 billion on the company’s investment in Rivian. Adjusted earnings before interest and taxes were $2.3 billion,&#34; Ford said.</p><p>Ford’s stake in Rivian was valued at $5.1 billion on March 31, down more than half from $10.6 billion at the end of 2021, the company said.</p><p>Neither Amazon nor Ford will say whether they intend to reduce their stakes in Rivian. Asked about the matter, Jim Farley, CEO of Ford, declined to comment.</p><p>&#34;As we near the, I think, 180-day lockup expiry on your investment in Rivian, how are you thinking about the options available to you in terms of this investment going forward?&#34; J.P Morgan analyst Ryan Brinkman asked Farley during the earnings&#39; call.</p><p>&#34;Are you maybe more inclined to retain some or all of the stake given the recent decline in Rivian shares?&#34;</p><p>&#34;Unfortunately at this point, we&#39;re not going to comment on Rivian,&#34; Farley responded.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon and Ford Have a Big Problem They Can't Control</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 and Ford Have a Big Problem They Can't Control\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-02 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/amazon-and-ford-have-a-big-problem-they-cant-control><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>E-commerce giant Amazon and automaker Ford both have stakes in a company that is becoming a financial headache.Amazon and Ford operate in two different sectors.The first is in online commerce, ...</p>\n\n<a href=\"https://www.thestreet.com/technology/amazon-and-ford-have-a-big-problem-they-cant-control\">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","AMZN":"亚马逊","BK4581":"高盛持仓","F":"福特汽车","RIVN":"Rivian Automotive, Inc.","BK4548":"巴美列捷福持仓","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4551":"寇图资本持仓","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","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","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4538":"云计算","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"},"source_url":"https://www.thestreet.com/technology/amazon-and-ford-have-a-big-problem-they-cant-control","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2232627854","content_text":"E-commerce giant Amazon and automaker Ford both have stakes in a company that is becoming a financial headache.Amazon and Ford operate in two different sectors.The first is in online commerce, streaming, sport and, above all, cloud computing, an El Dorado that Microsoft and Google also battle for.As for Ford, after decades of focusing on making vehicles with internal combustion engines, Dearborn has focused on transforming itself into a manufacturer of electric vehicles.But if the one doesn't make cars and the other is not an e-commerce juggernaut, they share a common priority: Both are betting on clean vehicles.Amazon, which is forever building out its logistics network, wants to make sure it stays ahead in the race for fast product delivery. Ford, for its part, wants to ensure that the EV gap with Tesla does not widen to the point that it's unbridgeable.It was these concerns that somewhat motivated their equity investments in Rivian, the manufacturer of electric pickups, vans and SUVs, which presents as one of Tesla's main rivals.These investments initially paid off. Rivian Automotive’s IPO last November generated an about $12 billion gain for Amazon, for example.Amazon owned 17.74% of Rivian as of Dec. 31 and Ford owned 11.42%, according to documents filed with the Securities and Exchange Commission.Rivian Faces a Lot of HeadwindsBut Rivian's horizon has darkened somewhat due to numerous problems related to its production activities.Like the rest of the auto industry, Rivian has been unable to produce the number of cars that its capacity enables.The industry points to several factors, but in particular auto-supply chains remain messy. Carmakers have run short of parts, especially the semiconductors that have become integral to vehicles.Rivian and rivals are also facing rising raw-material prices, which are increasing its costs.Finally, the upstart vehicle manufacturer is experiencing the classic problems of maturity linked to the rise in production rates. \"Our initial deliveries for the R1T and R1S were delayed, and our production ramp is taking longer than originally expected due to a number of reasons,\" Rivian said early April.\"The cascading impacts of the covid-19 pandemic, and more recently the conflict in the Ukraine, have impacted our business and operations from facility construction to equipment installation to vehicle component supply.\"Rivian was founded in 2009 and went public in 2021. From facilities in Normal, Ill., the carmaker produces three vehicles: the R1T electric pickup, the R1S electric SUV, and the RCV electric commercial van.Rivian plans to open a second production site, east of Atlanta, in 2024. And it plans to manufacture 400,000 vehicles a year, compared with 1,015 units in 2021.At the beginning of March, the company had said that the Normal factory had capacity to produce 50,000 vehicles in 2022, but due to supply-chain difficulties, Rivian would manufacture only half that number -- 25,000.AmazonRivian Is a Loss-Maker for Amazon and FordThese operational difficulties are reflected on the stock market, as Rivian shares have slumped 69% this year. The market capitalization at Rivian has shrunk by $63.4 billion, to $28.2 billion, in this four-month period. No surprise, then, that the shares of Amazon and Ford have also been hit.Another point: Companies in their earnings reports must update the fair values of the securities they hold. These securities are usually valued in terms of market capitalization, by using the values on the last trading day of a quarter.Rivian shares lost 52% -- more than half -- of their value from Dec. 31 through March 31.\"We reported an overall net loss of $3.8 billion in the first quarter,\" Brian Olsavsky, Amazon's chief financial officer, told analysts on April 29 during the first-quarter-earnings call.\"While we primarily focus our comments on operating income, I'd point out that this net loss includes a pre-tax valuation loss of $7.6 billion included in nonoperating expense from our common-stock investment in Rivian Automotive.\"This impairment contrasts with the fourth quarter of 2021, when Amazon's stake in Rivian gave the e-commerce giant a $12 billion gain.Ford, for its part, posted a net loss of $3.1 billion from January to March. In the first three months of 2021, the maker of the hugely popular F-150 pickup had posted net income of $2.3 billion.The veteran carmaker said that its loss stemmed from elements external to its operations.\"A net loss of $3.1 billion was primarily attributable to a mark-to-market loss of $5.4 billion on the company’s investment in Rivian. Adjusted earnings before interest and taxes were $2.3 billion,\" Ford said.Ford’s stake in Rivian was valued at $5.1 billion on March 31, down more than half from $10.6 billion at the end of 2021, the company said.Neither Amazon nor Ford will say whether they intend to reduce their stakes in Rivian. Asked about the matter, Jim Farley, CEO of Ford, declined to comment.\"As we near the, I think, 180-day lockup expiry on your investment in Rivian, how are you thinking about the options available to you in terms of this investment going forward?\" J.P Morgan analyst Ryan Brinkman asked Farley during the earnings' call.\"Are you maybe more inclined to retain some or all of the stake given the recent decline in Rivian shares?\"\"Unfortunately at this point, we're not going to comment on Rivian,\" Farley responded.","news_type":1},"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063258841,"gmtCreate":1651480125259,"gmtModify":1676534913871,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a>Opportunity to buy!","listText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a>Opportunity to buy!","text":"$Amazon.com(AMZN)$Opportunity to buy!","images":[{"img":"https://community-static.tradeup.com/news/dacd5bf134bc2fc100189008cc283fe7","width":"1080","height":"3489"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063258841","isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9019791712,"gmtCreate":1648637230384,"gmtModify":1676534368927,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>How high can it go before it goes ex dividend?","listText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>How high can it go before it goes ex dividend?","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$How high can it go before it goes ex dividend?","images":[{"img":"https://community-static.tradeup.com/news/22b5b6b3b0c702f9b4e48c1b94daeccf","width":"1080","height":"3396"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019791712","isVote":1,"tweetType":1,"viewCount":661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9032079940,"gmtCreate":1647248090663,"gmtModify":1676534207541,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Likely because of US delisting of some China stocks,&nbsp; and fear of western sanctions against China for perceived inaction against Russia.&nbsp;","listText":"Likely because of US delisting of some China stocks,&nbsp; and fear of western sanctions against China for perceived inaction against Russia.&nbsp;","text":"Likely because of US delisting of some China stocks, and fear of western sanctions against China for perceived inaction against Russia.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032079940","repostId":"1172697400","repostType":4,"isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038709506,"gmtCreate":1646906657954,"gmtModify":1676534175611,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Agreed.&nbsp;","listText":"Agreed.&nbsp;","text":"Agreed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038709506","repostId":"2218236991","repostType":4,"repost":{"id":"2218236991","kind":"news","pubTimestamp":1646905232,"share":"https://ttm.financial/m/news/2218236991?lang=&edition=fundamental","pubTime":"2022-03-10 17:40","market":"us","language":"en","title":"Even The Batman May Not Be Strong Enough to Save AMC Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2218236991","media":"TipRanks","summary":"From Thursday through Sunday, the new \"The Batman\" feature film exploded onto screens, delivering th","content":"<div>\n<p>From Thursday through Sunday, the new \"The Batman\" feature film exploded onto screens, delivering the third highest attended movie weekend of the past two years for AMC Theatres (AMC), with more than ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/even-the-batman-may-not-be-strong-enough-to-save-amc-stock/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Even The Batman May Not Be Strong Enough to Save AMC Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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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\">\nEven The Batman May Not Be Strong Enough to Save AMC Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-10 17:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/even-the-batman-may-not-be-strong-enough-to-save-amc-stock/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>From Thursday through Sunday, the new \"The Batman\" feature film exploded onto screens, delivering the third highest attended movie weekend of the past two years for AMC Theatres (AMC), with more than ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/even-the-batman-may-not-be-strong-enough-to-save-amc-stock/\">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","BK4108":"电影和娱乐","BK4547":"WSB热门概念"},"source_url":"https://www.tipranks.com/news/article/even-the-batman-may-not-be-strong-enough-to-save-amc-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2218236991","content_text":"From Thursday through Sunday, the new \"The Batman\" feature film exploded onto screens, delivering the third highest attended movie weekend of the past two years for AMC Theatres (AMC), with more than four million tickets sold globally. It didn't hurt that, with $128.5 million it box office revenue booked over four days, \"The Batman\" easily delivered \"the most successful opening weekend of all the first installments in the Batman series of films\" (according to Quartz.com).And yet, by the evening of the Tuesday after this boffo Batman weekend, AMC's share price had fallen a stunning 17% from the share price it enjoyed on the day before the caped crusader's arrival. So did investors simply not get the memo? Are they making a mistake in not realizing that \"The Batman\" has saved the day, and AMC stock is now a \"buy?\"Not necessarily -- at least not according to Barrington's James Goss. The analyst explained that -- with Batman or without him -- AMC stock remains a pretty \"speculative\" investment, and is no sure thing.In Q4, notes Goss, AMC's revenues approached $1.2 billion, and earnings before interest, taxes, depreciation, and amortization were $159.2 million. CEO Adam Aron is being \"diligent\" about keeping costs in check, \"operating at relatively constrained hours... offering fewer showings [to] limit the impact of labor and supply challenges, while maximizing the utilization of the footprint,\" and \"negotiate[ing] with landlords, vendors and creditors [to free] up liquidity,\" the analyst opined.Aron has refinanced AMC's debt to lower interest payments and give the company some measure of \"additional flexibility.\" And he's succeeded in \"limit[ing] cash burn,\" and even managed to generate some positive operating cash flow in Q4. Combined will well-timed sales of stock to raise cash, Aron has amassed $1.5 billion in cash on the company's balance sheet (alongside, admittedly, nearly $10.8 billion in debt).All these steps, admits Goss, have resulted in \"improved... ability to sustain operations despite the challenging financial markets.\" Nevertheless, the company's financial situation remains tenuous, and the best rating Goss can bring himself to give the stock is Market Perform (i.e. Hold) -- without making any promises on the stock's price target.What might AMC do to turn that \"market perform\" rating into a \"market outperform?\" The analyst notes that the CEO has \"outlined a number of initiatives designed to create a more diverse business model beyond its core theatrical exhibition operations.\" The company might, for example, issue co-branded credit cards to create new revenue streams and bolster customer loyalty to AMC. Or it might create its own cryptocurrency. (AMC has already introduced a series of Non Fungible Tokens for sale). AMC might even sell \"AMC branded popcorn\" in grocery stores \"in packaged or microwavable forms.\" (Don't laugh. Goss says that could actually be \"a substantial business.\")As the analyst muses hopefully, \"there is always a possibility that one or more [of these ideas] may gain traction.\" In the meantime, however, investors should probably expect AMC to keep losing money while it seeks such traction. In Goss's estimation, the earliest AMC might conceivably turn profitable again is... 2025.Looking at the consensus breakdown, the bears have it. Based on 3 Holds and 2 Sells received in the last three months, the word on the Street is that AMC is a Moderate Sell. At $9.83, the average price target suggests shares will be changing hands at ~38% discount a year from now. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038441695,"gmtCreate":1646901765370,"gmtModify":1676534175081,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Thanks.&nbsp; At most it's a trading buy currently.&nbsp;","listText":"Thanks.&nbsp; At most it's a trading buy currently.&nbsp;","text":"Thanks. At most it's a trading buy currently.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038441695","repostId":"1180018427","repostType":2,"repost":{"id":"1180018427","kind":"news","pubTimestamp":1646877624,"share":"https://ttm.financial/m/news/1180018427?lang=&edition=fundamental","pubTime":"2022-03-10 10:00","market":"us","language":"en","title":"Grab Stock: Celebrate Strong Results, But Read the Bottom Line","url":"https://stock-news.laohu8.com/highlight/detail?id=1180018427","media":"InvestorPlace","summary":"Southeast Asian ride-hailing and delivery company Grab Holdings (NASDAQ:GRAB) is headquartered in Si","content":"<html><head></head><body><p>Southeast Asian ride-hailing and delivery company <b>Grab Holdings</b> (NASDAQ:<b><u>GRAB</u></b>) is headquartered in Singapore and provides a “super-app.” If you’re just now learning about the company, you might be tempted to own GRAB stock as an intriguing international investment.</p><p>It’s easy to see why Grab Holdings describes its app as “super.” Local app users can get food, medications, flowers and other goods delivered quickly and conveniently.</p><p>This certainly sounds like a terrific business model, and a great way to get exposure to Asian e-commerce. However, the recent performance of GRAB stock has been less than stellar.</p><p>So, investors are faced with a billion-dollar question. Is Wall Street wrong in its assessment of Grab Holdings? Before you jump into the trade, you’ll definitely want to consider the company’s fiscal stats.</p><p>As it turns out, some of the data points look great, while others raise major red flags.</p><p>A Closer Look at GRAB Stock</p><p>Grab Holdingsmade its debut on the <b>Nasdaq</b> on Dec. 2 after the company reverse-merged with blank-check company Altimeter Growth Corp.</p><p>The stock started off near $9, and it hit the $17 resistance level twice: once in January 2021, and another time in November of that year. Therefore, that’s a price level to keep an eye on and, potentially, a place to consider taking profits.</p><p>Yet, GRAB stock might not revisit $17 for a long time. After topping out at $17.15 in November, the stock dove below $4, shaking many shareholders out of the trade.</p><p>Breaking below the $5 level is significant. Some traders will informally classify a stock that represents a small company and trades for less than $5 per share as a penny stock.</p><p>Can GRAB stock escape from Penny Stock Land? The answer may depend on the company’s financials, which are a mix of good and not-so-good.</p><p>An Irrational Response?</p><p>On March 3, Grab Holdings released its fourth-quarter and full-year 2021fiscal results. As you might expect, this was a high-stakes press release.</p><p>After the results were disclosed, GRAB stock fell sharply, from more than $5 to less than $4. At first glance, one might be tempted to conclude that this was an irrational response from nervous investors.</p><p>Notably, Grab Holdings’ full-year 2021 gross merchandise value (GMV) grew 29% year-over-year, reaching $16.1 billion and marking a record year for the company.</p><p>Not only that, but the company’s full-year 2021 revenue increased 44% year-over-year to $675 million. Plus, in 2021’s fourth quarter, Grab Holdings grew its GMV by 26% year-over-year to $4.5 billion, thereby producing four consecutive record quarters for the company.</p><p>Furthermore, Grab Holdings’ Q4 2021 average spend per user increased 23% year-over-year to $173. So far, it seems like the company has been firing on all cylinders.</p><p>Here’s the Bad News</p><p>Unfortunately, Grab Holdings’ financial performance has been far from perfect.</p><p>Why did investors dump their GRAB stock shares? Perhaps it was because the company reported a 44% year-over-year revenue decline in Q4 2021.</p><p>In defense of this disappointing result, Grab Holdings cited an increase in consumer incentives for mobility and deliveries. The company also pointed to investments in “driver supply to support strong recovery in mobility demand.”</p><p>The fourth-quarter revenue decline wasn’t the only problem, though. Turning to the bottom-line results, Grab Holdings’ full-year 2021 earnings loss widened by 30% to $3.555 billion, while the company’s Q4 2021 earnings loss increased 73% to $1.1 billion.</p><p>It’s understandable if Grab Holdings wants to spend money on consumer incentives and “driver supply.” However, given the company’s lack of profitability, Grab Holdings should consider cutting back its expenditures.</p><p>The Bottom Line</p><p>After viewing the full picture, including the company’s widening earnings loss, we can see why the GRAB stock price dropped.</p><p>Is it a good time to pick up some shares at a discount? The most cautious strategy would probably be to wait and see if Grab Holdings plans to cut back on its spending.</p><p>Unless/until that happens, it’s not a bad idea to stay on the sidelines and keep an eye out for further developments.</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>Grab Stock: Celebrate Strong Results, But Read the Bottom Line</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\">\nGrab Stock: Celebrate Strong Results, But Read the Bottom Line\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-10 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/grab-stock-celebrate-strong-results-but-read-the-bottom-line/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeast Asian ride-hailing and delivery company Grab Holdings (NASDAQ:GRAB) is headquartered in Singapore and provides a “super-app.” If you’re just now learning about the company, you might be ...</p>\n\n<a href=\"https://investorplace.com/2022/03/grab-stock-celebrate-strong-results-but-read-the-bottom-line/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://investorplace.com/2022/03/grab-stock-celebrate-strong-results-but-read-the-bottom-line/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180018427","content_text":"Southeast Asian ride-hailing and delivery company Grab Holdings (NASDAQ:GRAB) is headquartered in Singapore and provides a “super-app.” If you’re just now learning about the company, you might be tempted to own GRAB stock as an intriguing international investment.It’s easy to see why Grab Holdings describes its app as “super.” Local app users can get food, medications, flowers and other goods delivered quickly and conveniently.This certainly sounds like a terrific business model, and a great way to get exposure to Asian e-commerce. However, the recent performance of GRAB stock has been less than stellar.So, investors are faced with a billion-dollar question. Is Wall Street wrong in its assessment of Grab Holdings? Before you jump into the trade, you’ll definitely want to consider the company’s fiscal stats.As it turns out, some of the data points look great, while others raise major red flags.A Closer Look at GRAB StockGrab Holdingsmade its debut on the Nasdaq on Dec. 2 after the company reverse-merged with blank-check company Altimeter Growth Corp.The stock started off near $9, and it hit the $17 resistance level twice: once in January 2021, and another time in November of that year. Therefore, that’s a price level to keep an eye on and, potentially, a place to consider taking profits.Yet, GRAB stock might not revisit $17 for a long time. After topping out at $17.15 in November, the stock dove below $4, shaking many shareholders out of the trade.Breaking below the $5 level is significant. Some traders will informally classify a stock that represents a small company and trades for less than $5 per share as a penny stock.Can GRAB stock escape from Penny Stock Land? The answer may depend on the company’s financials, which are a mix of good and not-so-good.An Irrational Response?On March 3, Grab Holdings released its fourth-quarter and full-year 2021fiscal results. As you might expect, this was a high-stakes press release.After the results were disclosed, GRAB stock fell sharply, from more than $5 to less than $4. At first glance, one might be tempted to conclude that this was an irrational response from nervous investors.Notably, Grab Holdings’ full-year 2021 gross merchandise value (GMV) grew 29% year-over-year, reaching $16.1 billion and marking a record year for the company.Not only that, but the company’s full-year 2021 revenue increased 44% year-over-year to $675 million. Plus, in 2021’s fourth quarter, Grab Holdings grew its GMV by 26% year-over-year to $4.5 billion, thereby producing four consecutive record quarters for the company.Furthermore, Grab Holdings’ Q4 2021 average spend per user increased 23% year-over-year to $173. So far, it seems like the company has been firing on all cylinders.Here’s the Bad NewsUnfortunately, Grab Holdings’ financial performance has been far from perfect.Why did investors dump their GRAB stock shares? Perhaps it was because the company reported a 44% year-over-year revenue decline in Q4 2021.In defense of this disappointing result, Grab Holdings cited an increase in consumer incentives for mobility and deliveries. The company also pointed to investments in “driver supply to support strong recovery in mobility demand.”The fourth-quarter revenue decline wasn’t the only problem, though. Turning to the bottom-line results, Grab Holdings’ full-year 2021 earnings loss widened by 30% to $3.555 billion, while the company’s Q4 2021 earnings loss increased 73% to $1.1 billion.It’s understandable if Grab Holdings wants to spend money on consumer incentives and “driver supply.” However, given the company’s lack of profitability, Grab Holdings should consider cutting back its expenditures.The Bottom LineAfter viewing the full picture, including the company’s widening earnings loss, we can see why the GRAB stock price dropped.Is it a good time to pick up some shares at a discount? The most cautious strategy would probably be to wait and see if Grab Holdings plans to cut back on its spending.Unless/until that happens, it’s not a bad idea to stay on the sidelines and keep an eye out for further developments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033229797,"gmtCreate":1646290034957,"gmtModify":1676534113548,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"There are other better stocks to buy in this bear market.&nbsp;","listText":"There are other better stocks to buy in this bear market.&nbsp;","text":"There are other better stocks to buy in this bear market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033229797","repostId":"1187102968","repostType":2,"repost":{"id":"1187102968","kind":"news","pubTimestamp":1646274889,"share":"https://ttm.financial/m/news/1187102968?lang=&edition=fundamental","pubTime":"2022-03-03 10:34","market":"us","language":"en","title":"Sea Limited Stock Is as Action-Packed as a Bollywood Film","url":"https://stock-news.laohu8.com/highlight/detail?id=1187102968","media":"investorplace","summary":"Based in Singapore, Sea Limited (NYSE:SE) operates e-commerce websites for countries in Southeast As","content":"<html><head></head><body><p>Based in Singapore, Sea Limited (NYSE:SE) operates e-commerce websites for countries in Southeast Asia and Taiwan. Plus, the company offers online video games in Latin America and Southeast Asia. Therefore, international tech market investors might consider a position in SE stock.</p><p>Just as a Bollywood movie is typically rife with action and drama, Sea Limited has provided active traders with constant excitement and thrills. However, not every development has been a positive one.</p><p>Notably, regulators in India have taken steps to crack down on perceived cybersecurity threats. As we’ll see, Sea Limited and its shareholder may have suffered collateral damage due to India’s regulatory measures.</p><p>Even as SE stock falls, though, not everyone is pessimistic about Sea Limited. Indeed, there’s at least one well-known investor whose fund bought the dip with a mega-scale share purchase.</p><h2>A Closer Look at SE Stock</h2><p>After the U.S. equities market bottomed out in March of 2020, many technology stocks rallied hard. Some of them went up too far and too fast and were probably due for a correction.</p><p>This may have been the case with SE stock, which soared from $38 in March 2020 to $372.70 in October 2021. An almost-900% return on investment might be something to celebrate, but it is also an indication that a retracement is likely imminent.</p><p>There aren’t any meaningful support levels to speak of here, as the Sea Limited share price just ascended without interruption and then crashed. By late February, the stock was hurtling toward $100.</p><p>Since SE stock is so volatile, it is important to maintain small position sizes and have an exit strategy. Don’t expect a revisit of $300 in the near future — for the time being, let’s just hope for the carnage to stop.</p><h2>A Magic Wand</h2><p>As I mentioned earlier, Sea Limited is involved in e-commerce websites, as well as video games. Lately, the company’s video-game business has been the focus of regulators in India. To quote InvestorPlace contributor Brian Paradza, Free Fire was Sea Limited’s breakthrough video game and a “magic wand” for the company.</p><p>Developed by Sea Limited subsidiary Garena, Free Fire is known to be addictive. This game, along with other video-game titles, helped Sea Limited’s Digital Entertainment segment surpass 729 million active users by September 2021.</p><p>That magic wand was recently broken, however. Reportedly, India’s Ministry of Home Affairs has banned Free Fire, along with 53 other apps, not all belonging to Sea Limited.</p><p>In response to this ban and Free Fire‘s unavailability on certain platforms in India, Garena stated, “We are working to address this situation, and we apologise to our users for any inconvenience.”</p><h2>Wood Buys the Dip</h2><p>As you might expect, the Free Fire ban didn’t help SE stock stay afloat at all. If anything, it probably hastened the stock’s drawdown.</p><p>Famous investor Cathie Wood doesn’t seem to be deterred by the stock’s decline, however. In a Bollywood-like dramatic turn of events, Wood’s Ark Invest reportedly purchased over 145,000 shares of Sea Limited. I cannot confirm Wood’s reasons for approving such a large share purchase. Still, it is possible that she simply saw an irresistible value proposition in Sea Limited.</p><p>Prospective investors should understand that video games aren’t Sea Limited’s only revenue source. In fact, the company recorded $4.6 billion in total payment volume in Sea Limited’s mobile-wallet business.</p><p>Besides, Sea Limited might not actually pose any cybersecurity threat at all. “We comply with Indian laws and regulations, and we do not transfer to or store any data of our Indian users in China,” the company assured.</p><p>If that is true, then Sea Limited might not continue to be a regulatory target — or at least, that is what Wood and other investors should hope.</p><h2>The Bottom Line on SE Stock</h2><p>I’m certainly not suggesting that anyone should buy SE stock just because Ark Invest took a stake. Wood’s involvement is an interesting point to mention, though.</p><p>More importantly, Sea Limited’s revenue doesn’t solely rely on Free Fire. The company can continue to generate capital with or without that particular game.</p><p>In the final analysis, don’t count on SE stock to provide another 900% rally anytime soon. Instead, be realistic — and be ready for more drama and excitement from Sea Limited.</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>Sea Limited Stock Is as Action-Packed as a Bollywood Film</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 Stock Is as Action-Packed as a Bollywood Film\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 10:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/se-stock-is-action-packed-like-a-bollywood-film/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Based in Singapore, Sea Limited (NYSE:SE) operates e-commerce websites for countries in Southeast Asia and Taiwan. Plus, the company offers online video games in Latin America and Southeast Asia. ...</p>\n\n<a href=\"https://investorplace.com/2022/03/se-stock-is-action-packed-like-a-bollywood-film/\">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://investorplace.com/2022/03/se-stock-is-action-packed-like-a-bollywood-film/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187102968","content_text":"Based in Singapore, Sea Limited (NYSE:SE) operates e-commerce websites for countries in Southeast Asia and Taiwan. Plus, the company offers online video games in Latin America and Southeast Asia. Therefore, international tech market investors might consider a position in SE stock.Just as a Bollywood movie is typically rife with action and drama, Sea Limited has provided active traders with constant excitement and thrills. However, not every development has been a positive one.Notably, regulators in India have taken steps to crack down on perceived cybersecurity threats. As we’ll see, Sea Limited and its shareholder may have suffered collateral damage due to India’s regulatory measures.Even as SE stock falls, though, not everyone is pessimistic about Sea Limited. Indeed, there’s at least one well-known investor whose fund bought the dip with a mega-scale share purchase.A Closer Look at SE StockAfter the U.S. equities market bottomed out in March of 2020, many technology stocks rallied hard. Some of them went up too far and too fast and were probably due for a correction.This may have been the case with SE stock, which soared from $38 in March 2020 to $372.70 in October 2021. An almost-900% return on investment might be something to celebrate, but it is also an indication that a retracement is likely imminent.There aren’t any meaningful support levels to speak of here, as the Sea Limited share price just ascended without interruption and then crashed. By late February, the stock was hurtling toward $100.Since SE stock is so volatile, it is important to maintain small position sizes and have an exit strategy. Don’t expect a revisit of $300 in the near future — for the time being, let’s just hope for the carnage to stop.A Magic WandAs I mentioned earlier, Sea Limited is involved in e-commerce websites, as well as video games. Lately, the company’s video-game business has been the focus of regulators in India. To quote InvestorPlace contributor Brian Paradza, Free Fire was Sea Limited’s breakthrough video game and a “magic wand” for the company.Developed by Sea Limited subsidiary Garena, Free Fire is known to be addictive. This game, along with other video-game titles, helped Sea Limited’s Digital Entertainment segment surpass 729 million active users by September 2021.That magic wand was recently broken, however. Reportedly, India’s Ministry of Home Affairs has banned Free Fire, along with 53 other apps, not all belonging to Sea Limited.In response to this ban and Free Fire‘s unavailability on certain platforms in India, Garena stated, “We are working to address this situation, and we apologise to our users for any inconvenience.”Wood Buys the DipAs you might expect, the Free Fire ban didn’t help SE stock stay afloat at all. If anything, it probably hastened the stock’s drawdown.Famous investor Cathie Wood doesn’t seem to be deterred by the stock’s decline, however. In a Bollywood-like dramatic turn of events, Wood’s Ark Invest reportedly purchased over 145,000 shares of Sea Limited. I cannot confirm Wood’s reasons for approving such a large share purchase. Still, it is possible that she simply saw an irresistible value proposition in Sea Limited.Prospective investors should understand that video games aren’t Sea Limited’s only revenue source. In fact, the company recorded $4.6 billion in total payment volume in Sea Limited’s mobile-wallet business.Besides, Sea Limited might not actually pose any cybersecurity threat at all. “We comply with Indian laws and regulations, and we do not transfer to or store any data of our Indian users in China,” the company assured.If that is true, then Sea Limited might not continue to be a regulatory target — or at least, that is what Wood and other investors should hope.The Bottom Line on SE StockI’m certainly not suggesting that anyone should buy SE stock just because Ark Invest took a stake. Wood’s involvement is an interesting point to mention, though.More importantly, Sea Limited’s revenue doesn’t solely rely on Free Fire. The company can continue to generate capital with or without that particular game.In the final analysis, don’t count on SE stock to provide another 900% rally anytime soon. Instead, be realistic — and be ready for more drama and excitement from Sea Limited.","news_type":1},"isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033220740,"gmtCreate":1646289780719,"gmtModify":1676534113524,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"My first blue chip US stock investment!","listText":"My first blue chip US stock investment!","text":"My first blue chip US stock investment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033220740","repostId":"1190725364","repostType":2,"repost":{"id":"1190725364","kind":"news","pubTimestamp":1646287142,"share":"https://ttm.financial/m/news/1190725364?lang=&edition=fundamental","pubTime":"2022-03-03 13:59","market":"us","language":"en","title":"Apple Stock: Resilient To Turbulence In 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1190725364","media":"TheStreet","summary":"So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks.","content":"<html><head></head><body><p>So far in 2022, Apple stock has done better than the S&amp;P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?</p><p>The US stock market (<b>SPY</b>) continues to bounce around on the back of macroeconomic and geopolitical turbulence. If high inflation, choked supply chains and rising interest rates were not enough, the Russia-Ukraine conflict escalated fast and has no end in sight.</p><p>Meanwhile, Apple stock (<b>AAPL</b>) has been faring better. Even though it is considered a growth and higher-beta stock, investors seem to be finding safety in this stock.</p><p><b>AAPL: an outperformer</b></p><p>The chart below is telling. So far in 2022, AAPL has dipped a modest 8%, as of the writing of this sentence. This is better than the S&amp;P 500’s and the Nasdaq’s (<b>QQQ</b>) 10% and 14% declines during the same period, respectively.</p><p>But Apple’s outperformance can not be easily explained by a sector and factor analysis alone. For example, growth stocks (<b>VUG</b>)  have shed 15% of their market value in 2022. Meanwhile, tech stock (<b>XLK</b>)  prices have sunk 13%. Apple stock has outperformed them all.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b8f1a178fb1564fef58bbcfa378b905\" tg-width=\"1200\" tg-height=\"633\" width=\"100%\" height=\"auto\"/><span>Figure 2: AAPL performance vs. S&amp;P 500, Nasdaq, XLK and VUG.</span></p><p><b>Why so resilient?</b></p><p>In my view, Apple’s resilience in 2022 is a bit counterintuitive, at first glance. Before the start of the war in Eastern Europe, the market’s biggest concern was high inflation leading to rising interest rates. This setup has been most damaging to growth and richly-valued stocks.</p><p>Because AAPL trades at the richest 2025 earnings multiple of all FAAMG names, one could have assumed that shares of the Cupertino company would have corrected sharply in Q1. So far, this has not been the case at all.</p><p>The most likely explanation is Apple’s strong business fundamentals that are unlikely to be hurt by macroeconomic and geopolitical issues — that is, unless something highly disruptive to either happens, including sharp economic growth deceleration.</p><p>Also, Apple’s business is not very dependent on Russia.I explained recently that less than 1% of the company’s revenues are estimated to come from Vladimir Putin’s country. Meanwhile, the Cupertino company does not have any Russia-based supplier.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: Resilient To Turbulence In 2022</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 Stock: Resilient To Turbulence In 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 13:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?The US stock market (SPY) continues to bounce around on the back of...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190725364","content_text":"So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?The US stock market (SPY) continues to bounce around on the back of macroeconomic and geopolitical turbulence. If high inflation, choked supply chains and rising interest rates were not enough, the Russia-Ukraine conflict escalated fast and has no end in sight.Meanwhile, Apple stock (AAPL) has been faring better. Even though it is considered a growth and higher-beta stock, investors seem to be finding safety in this stock.AAPL: an outperformerThe chart below is telling. So far in 2022, AAPL has dipped a modest 8%, as of the writing of this sentence. This is better than the S&P 500’s and the Nasdaq’s (QQQ) 10% and 14% declines during the same period, respectively.But Apple’s outperformance can not be easily explained by a sector and factor analysis alone. For example, growth stocks (VUG)  have shed 15% of their market value in 2022. Meanwhile, tech stock (XLK)  prices have sunk 13%. Apple stock has outperformed them all.Figure 2: AAPL performance vs. S&P 500, Nasdaq, XLK and VUG.Why so resilient?In my view, Apple’s resilience in 2022 is a bit counterintuitive, at first glance. Before the start of the war in Eastern Europe, the market’s biggest concern was high inflation leading to rising interest rates. This setup has been most damaging to growth and richly-valued stocks.Because AAPL trades at the richest 2025 earnings multiple of all FAAMG names, one could have assumed that shares of the Cupertino company would have corrected sharply in Q1. So far, this has not been the case at all.The most likely explanation is Apple’s strong business fundamentals that are unlikely to be hurt by macroeconomic and geopolitical issues — that is, unless something highly disruptive to either happens, including sharp economic growth deceleration.Also, Apple’s business is not very dependent on Russia.I explained recently that less than 1% of the company’s revenues are estimated to come from Vladimir Putin’s country. Meanwhile, the Cupertino company does not have any Russia-based supplier.","news_type":1},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039768316,"gmtCreate":1646130249727,"gmtModify":1676534094165,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Good write up.&nbsp; But my take is that might as well buy Baba or AMZ.","listText":"Good write up.&nbsp; But my take is that might as well buy Baba or AMZ.","text":"Good write up. But my take is that might as well buy Baba or AMZ.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039768316","repostId":"1140639018","repostType":2,"repost":{"id":"1140639018","kind":"news","pubTimestamp":1646113621,"share":"https://ttm.financial/m/news/1140639018?lang=&edition=fundamental","pubTime":"2022-03-01 13:47","market":"us","language":"en","title":"Sea Limited: Buy, Sell Or Hold?","url":"https://stock-news.laohu8.com/highlight/detail?id=1140639018","media":"seekingalpha","summary":"SummarySea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Sea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services.</li><li>The company is still not profitable, but can report extremely impressive growth rates in the last few quarters.</li><li>And although Sea Limited will face headwinds and competition, analysts are still expecting high growth rates for the years to come.</li></ul><p>What we witnessed in the last few years could be described as a kind of &#34;tech massacre&#34; - we have several stocks (especially technology companies) declining more than 50% and while the major indices in the United States are still close to all-time highs. Therefore, it would be wrong to talk about a major bear market or stock market crash, but it would also be wrong to ignore, that several technology stocks (in different countries around the world) declined rather steep.</p><p>One of those stocks was Sea Limited (SE). Together with many other technology stocks, Sea Limited could increase the stock price in an impressive way and from January 01, 2020, till the peak in late 2021, the stock price increased more than 800%; however, in the recent past we saw a similar steep decline with Sea Limited declining about 65% in just a few weeks.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/effe101a2592d47983328c50a2f51497\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>And after such a steep decline, the question arises quite naturally, if we are dealing with a bargain. Without any doubt, a stock losing 65% of its previous value might seem cheap. But increasing more than 800% in less than two years is impressive and might indicate overvaluation. We probably won&#39;t answer the question by just looking at the stock price but must go deeper and look at the fundamental business.</p><p><b>Business Description</b></p><p>Sea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services. The company, which was founded in 2009, was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Today, the business has 33,000 employees and is the holding company for three major businesses:</p><ul><li><b>Garena</b>: A digital entertainment platform and one of the leaders in games development (games are including the famous and success Garena Free Fire) and probably the leader in esports in Southeast Asia, Taiwan, and Brazil (according to Annual Report). In Q3/21, the business had 729 million quarterly active users and 93.2 million quarterly paying users.</li><li><b>Shopee</b>: An ecommerce platform connecting buyers and sellers and the largest in Southeast Asia and Taiwan, which offers integrated payment and logistics infrastructure and other services for sellers. It was the largest e-commerce platform in Southeast Asia in 2020 by GMV and total orders and in Q3/21, gross merchandise value was $16.8 billion and gross orders were 1.7 billion in total.</li><li><b>SeaMoney</b>: The financial services and payment segment, which is the leading financial services and payment provider in Southeast Asia. It offers mobile wallet and payments services like AirPay, ShopeePay or SPayLater. In Q3/21, the total payment volume for mobile wallet was $4.6 billion.</li></ul><p>In fiscal 2020, Sea Limited generated $4,376 million in revenue and compared to $2,175 million in revenue in the previous year, this is an increase of 101.1%. And while the company could increase its gross profit from $605 million in 2019 to $1,349 million in 2020, it still had to report an operating loss in 2020 ($1,303 million and therefore an even higher loss than in 2019). However, adjusted EBITDA was $107 million in 2020 compared to a loss of $179 million in the year before.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69bb400205973c8ac991cd0418cfa22e\" tg-width=\"640\" tg-height=\"1013\" width=\"100%\" height=\"auto\"/><span>Sea Limited Q3/21 Infographic</span></p><p>In the third quarter of fiscal 2021, Sea Limited generated $2,689 million in revenue and compared to $1,212 million in revenue in the same quarter last year, this is an increase of 122%. But while gross profit could increase 147.5% to $1,009 million, the company still is reporting an operating loss.</p><p>The business is reporting in two segments and three sub-segments: &#34;Service revenue&#34; (consisting of &#34;digital entertainment&#34; as well as &#34;E-commerce and other services&#34;) and &#34;Sales of Goods&#34;:</p><ul><li><b>Digital Entertainment</b>: This segment is offering mobile and PC online games and is generating revenue primarily by selling in-game items to players of the freemium games. It is also generating revenue from offering eSports operations and other entertainment content. In Q3/21, this segment generated $1,099 million in quarterly revenue (41% of total revenue).</li><li><b>E-commerce and other services</b>: This segment is mostly generating revenue from e-commerce marketplace services and digital financial services. The business is offering sellers paid advertisement services and is charging transaction-based fees. Additionally, Sea Limited is generating revenue from interest and fees from loans granted to commercial and consumer customers. In Q3/21, this segment generated $1,310 million in quarterly revenue (49% of total revenue).</li><li><b>Sales of Goods</b>: Sea Limited is generating revenue as the company is also purchasing products from manufacturer or third parties and is selling it directly on its own Shopee platform. In Q3/21, this segment generated $280 million in revenue (10% of total revenue).</li></ul><p>When looking at digital entertainment, quarterly active users increased from 572.4 million in Q3/20 to 729.0 million in Q3/21 (resulting in 27% YoY growth). Quarterly paying users increased even 43% YoY from 65.3 million in Q3/20 to 93.2 million in Q3/21.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db774740c4f143c0ade000bc242cc4d2\" tg-width=\"640\" tg-height=\"361\" width=\"100%\" height=\"auto\"/><span>Sea Limited Q3/21 Presentation</span></p><p>When looking at e-commerce, we see much higher growth rates. Total number of gross orders increased from 0.7 billion in Q3/20 to 1.7 billion in Q3/21, which is resulting in 123% year-over-year growth. And gross merchandise volume increased from $9.3 billion in Q3/20 to $16.8 billion in Q3/21 resulting in 81% YoY growth.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/90b2945a1a34073d6712a4facc20b9a4\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"/><span>Sea Limited Q3/21 Presentation</span></p><p><b>Headwinds</b></p><p>Despite these impressive growth rates Sea Limited is reporting, the stock nevertheless fell 60% in a very short timeframe, and we can assume that the business is facing some headwinds. And a few weeks ago, it was announced that Tencent Holdings Limited (OTCPK:TCEHY) is selling its stake in Sea Limited, which caused the stock of Sea Limited to tumble about 10%. We therefore can assume, that Tencent selling its stake is a bad sign for the long-term prospects of Sea Limited, but we must put this into context. First,Tencent sold only about $3 billion worth of shares and trimmed its stake from 21.3% to 18.7%. Second, Tencent is also selling other stakes it has: The company also announced it will distribute its shares ofJD.com(JD) as special dividend to its shareholders. And therefore, we should not be worried. Tencent is probably trying to be less like a monopoly, that has controlling stakes in many different businesses to avoid getting in the crosshairs of the Chinese government in the future.</p><p>And while the news, that Tencent was selling shares made the stock slip more than 10%, the news a few weeks ago, that India&#39;s government had issued a ban of 54 apps, which it links to China - including Garena Free Fire - sent the shares of Sea Limited even 20% down in a single day. India has already banned several apps in June 2020 - including TikTok and WeChat. But we also must put these numbers into context. According to different sources , Free Fire sales in India are only responsible for 3% of Sea&#39;s gaming revenue and only for 1.2% of total sales. In the 2020 Annual Report (20-F file), I could only find the information, that &#34;Rest of Asia&#34; - which is including India - was responsible for 15.0% of total revenue in fiscal 2020. Losing India as market will probably hurt Sea Limited, but in this early phase it should not create a serious, long-term problem.</p><p><b>Profitability and Competition</b></p><p>The two above mentioned headwinds are probably rather short-term. A bigger problem could be the fact, that Sea Limited is still not profitable. When looking at the last ten quarters, Sea Limited wasn&#39;t profitable in any of them, and operating losses increased - at least in absolute numbers. In relative numbers, the operating loss in the last quarter was only 17% of revenue compared to 68% of revenue in Q1/19. And while R&amp;D expenses are stable at around 8%, especially selling, general &amp; administrative expenses decreased.</p><p><img src=\"https://static.tigerbbs.com/46a85e0448b35bbefc81e143554694b8\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>And when considering increasing competition, Sea Limited not being profitable could become a problem. Especially when your competitors are called Alibaba (BABA) and Amazon (AMZN), this is no cause for joy. In December 2021, Amazonannounced, that it is planning to expand Amazon Prime Video to Southeast Asia and Amazon is already active in Southeast Asia - despite itslate arrivalin 2017. But not only the U.S. retail and technology giant is a serious competitor - the Chinese retail and technology giant Alibaba is also a serious competitor. During its Investor Day in December 2021, Alibaba announced its plans to drive expansion in Southeast Asia and Lazada, which is owned by Alibaba, aims to achieve much higher sales in the region. Alibaba&#39;s vision is to serve more than 300 million customers and achieve $100 billion in gross merchandise volume in a market that is expected to increase to $260 billion in 2025.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/93615c3cb2728beaebe18c1813a932d7\" tg-width=\"640\" tg-height=\"297\" width=\"100%\" height=\"auto\"/><span>Alibaba Investor Day 2021 Presentation</span></p><p>While I don&#39;t know how serious Amazon must be taken as a competitor - Lazada (and therefore Alibaba) should not be ignored.</p><p><b>Balance Sheet</b></p><p>Amazon and Alibaba are certainly two competitors, Sea Limited must take seriously. But in this context, it is worth mentioning, that Sea Limited has a great balance sheet, which is a valuable asset.</p><p>As of September 30, 2021, Sea Limited has no debt on its balance sheet, which is great for a company that is not yet profitable. On the asset side, Sea Limited has $477 million in goodwill (only 2.5% of $18,549 million in total assets) and $706 million in short-term investments as well as $11,126 million in cash and cash equivalents. This is resulting in almost $12 billion of very liquid assets, that Sea Limited can use to drive growth and expand its business. At the time of writing, these liquid assets are about one sixth of the company&#39;s market capitalization.</p><p>And Sea Limited already managed to generate a positive free cash flow in the last few quarters - therefore we also must not be afraid of Sea Limited burning cash and decreasing the short-term investments and cash reserves on the balance sheet.</p><p><b>Growth</b></p><p>But while Sea Limited is still not profitable and might be facing increased competition, the company is also reporting extremely impressive growth rates. When looking at the last ten quarters, there is only a single quarter in which Sea Limited could not grow in the triple-digits. And gross profit is growing at even higher rates than revenue.</p><p><img src=\"https://static.tigerbbs.com/221525dd315705d008debaa5e6ce8cd5\" tg-width=\"640\" tg-height=\"154\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Analysts are expecting growth rates to slow down in the years to come. Analysts are also not really providing estimates for earnings per share as this number is difficult to estimate. But analysts are providing estimates for revenue, and we can see growth slowing down (not anywhere near to the triple-digit growth rates of the last few quarters). On the other hand, growth rates between 10% and 20% for revenue are still extremely impressive.</p><p><img src=\"https://static.tigerbbs.com/60acae4293bf3942c4e6cc3a1c1b21c5\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>When asking the question where growth could stem from, the Southeast Asia e-commerce market is expected to grow with a high pace. According to the above-mentioned Alibaba investor presentation, the market is expected to grow with a CAGR of 27% between 2020 and 2025 and this should enable Sea Limited to grow with the market at a high pace (even without taking market shares).</p><p>And Sea Limited is generating about two thirds of its revenue in Southeast Asia (fiscal 2020 numbers), but the company is also expanding to other markets. Especially revenue from Latin America is increasing with a high pace. While in 2018, only 1.8% of revenue stemmed from Latin America, in 2020 it was already 18.1% of total revenue. And according to Statista, retail e-commerce sales are also expected to increase with a high pace - from $85 billion in 2021 to $160 billion in 2025 resulting in a CAGR of 17%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ccd6e627c089bd4304ecb325a571c93a\" tg-width=\"640\" tg-height=\"182\" width=\"100%\" height=\"auto\"/><span>Sea Limited Annual Report 2020</span></p><p>Sea Limited is also writing in its annual report about the growth potential:</p><blockquote>Our seven markets in Southeast Asia and Taiwan were estimated to have 608.1 million people and a GDP of US$3.6 trillion in 2020 according to the IMF World Economic Outlook Database. Southeast Asia and Taiwan region is also one of the world&#39;s fastest growing regions based on per capita GDP and, moreover, at the early stages of internet penetration. In addition, the Latin America region (including the Caribbean) was estimated to have 637.1 million people and a GDP of US$4.2 trillion in 2020 according to the IMF World Economic Outlook Database. Many of our global markets are experiencing a generational transition to the new digital economy, with digital inclusion bringing consumers ever more closely to each other and online services, by leading internet business models such as our own. Our culturally rich and diverse markets observe a rise in traditionally underserved digital consumers, who require dedicated focus, resources, and respective local market knowledge.</blockquote><p>Without much doubt, high growth rates can be achieved in Southeast Asia as well as Latin America. And aspects like gaming and e-commerce could take off in the years to come and Sea Limited is set up to profit from this growing market. However, many different scenarios are possible. In theory, Sea Limited can increase its revenue substantially for years to come as it can still grow in its core markets, which are expected to grow with a high pace and Sea Limited can also expand to other countries and markets. But if the company is successful against competitors is a different story and hard to predict.</p><p><b>Intrinsic Value Calculation</b></p><p>In a final step, as always, we must look at the stock price and compare it to the fundamental business to determine if we are talking about a solid investment or not. In case of Sea Limited, we can&#39;t look at the P/E ratio as the company is not profitable yet. Instead, we can look at the price-to-free-cash-flow ratio, but the numbers are not useful at this point (260 times free cash flow right now). The only useful simple valuation metric is the price-sales ratio.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ee0c00f5fa2822e47170487befb92d3\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Sea Limited is trading for 9.33 times sales right now after it had already been trading for 30 times sales about one year ago. When comparing to some peers, we see Alibaba trading only for 2.77 times sales and Amazon trading for 3.43 times sales. And from that point of view, Sea Limited seems to be expensive. But we must point out, that Sea Limited is probably able to grow with a much higher pace for several years to come and especially due to its gaming segment, Sea Limited should be able to achieve higher margins justifying a higher P/S ratio. We can rather compare the business to Tencent (also generating a huge part of its sales from gaming and fintech), which is trading for 7.01 times sales and therefore in a similar range as Sea Limited.</p><p>Usually, I am trying to calculate an intrinsic value by using a discount cash flow calculation, but this is extremely difficult as we have so many variables affecting the calculation and stability as well as consistency are still missing. For example, the number of outstanding shares is still increasing. And although this is not untypical for younger companies, it is not what shareholders like to see and it is making it difficult to calculate an intrinsic value by using DCF analysis.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1524f6ae7e7435b02326948f99bfafc\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>It is also difficult to estimate growth rates in the years to come: While it seems obvious that growth will slow down, we don&#39;t know how fast. And finally, we must estimate when Sea Limited will get profitable, what margins the company can achieve and how much free cash flow it can generate. Summing up, I don&#39;t want to put a price tag on Sea Limited right now as I don&#39;t think I can provide a useful intrinsic value calculation for the stock at this point. However, if Sea Limited should be able to grow with a high pace (and we don&#39;t have to see triple digit or high double-digit growth) and become profitable to a similar level as Tencent, the business could be undervalued right now.</p><p><b>Conclusion</b></p><p>I usually try to avoid investing in unprofitable businesses as a huge range of outcomes is possible for these rather young companies. And investing is always a bet to some degree as we can never be certain. I am not saying that Sea Limited could not be an incredible investment, but it is extremely difficult for me to put a price tag on the stock. And extreme fluctuations will continue as investors could have extremely different opinions what the stock should be worth.</p><p>I would rate Sea Limited as a hold right now as it is difficult to make a case for Sea Limited being undervalued or overvalued. On March 01, 2022, Sea Limited will report the next quarterly results, and this might give us some hints again how to valuate Sea Limited.</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: Buy, Sell Or Hold?</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: Buy, Sell Or Hold?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-01 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4491285-sea-limited-stock-buy-sell-hold><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services.The company is still not profitable, but can report extremely impressive...</p>\n\n<a href=\"https://seekingalpha.com/article/4491285-sea-limited-stock-buy-sell-hold\">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/4491285-sea-limited-stock-buy-sell-hold","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1140639018","content_text":"SummarySea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services.The company is still not profitable, but can report extremely impressive growth rates in the last few quarters.And although Sea Limited will face headwinds and competition, analysts are still expecting high growth rates for the years to come.What we witnessed in the last few years could be described as a kind of \"tech massacre\" - we have several stocks (especially technology companies) declining more than 50% and while the major indices in the United States are still close to all-time highs. Therefore, it would be wrong to talk about a major bear market or stock market crash, but it would also be wrong to ignore, that several technology stocks (in different countries around the world) declined rather steep.One of those stocks was Sea Limited (SE). Together with many other technology stocks, Sea Limited could increase the stock price in an impressive way and from January 01, 2020, till the peak in late 2021, the stock price increased more than 800%; however, in the recent past we saw a similar steep decline with Sea Limited declining about 65% in just a few weeks.Data by YChartsAnd after such a steep decline, the question arises quite naturally, if we are dealing with a bargain. Without any doubt, a stock losing 65% of its previous value might seem cheap. But increasing more than 800% in less than two years is impressive and might indicate overvaluation. We probably won't answer the question by just looking at the stock price but must go deeper and look at the fundamental business.Business DescriptionSea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services. The company, which was founded in 2009, was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Today, the business has 33,000 employees and is the holding company for three major businesses:Garena: A digital entertainment platform and one of the leaders in games development (games are including the famous and success Garena Free Fire) and probably the leader in esports in Southeast Asia, Taiwan, and Brazil (according to Annual Report). In Q3/21, the business had 729 million quarterly active users and 93.2 million quarterly paying users.Shopee: An ecommerce platform connecting buyers and sellers and the largest in Southeast Asia and Taiwan, which offers integrated payment and logistics infrastructure and other services for sellers. It was the largest e-commerce platform in Southeast Asia in 2020 by GMV and total orders and in Q3/21, gross merchandise value was $16.8 billion and gross orders were 1.7 billion in total.SeaMoney: The financial services and payment segment, which is the leading financial services and payment provider in Southeast Asia. It offers mobile wallet and payments services like AirPay, ShopeePay or SPayLater. In Q3/21, the total payment volume for mobile wallet was $4.6 billion.In fiscal 2020, Sea Limited generated $4,376 million in revenue and compared to $2,175 million in revenue in the previous year, this is an increase of 101.1%. And while the company could increase its gross profit from $605 million in 2019 to $1,349 million in 2020, it still had to report an operating loss in 2020 ($1,303 million and therefore an even higher loss than in 2019). However, adjusted EBITDA was $107 million in 2020 compared to a loss of $179 million in the year before.Sea Limited Q3/21 InfographicIn the third quarter of fiscal 2021, Sea Limited generated $2,689 million in revenue and compared to $1,212 million in revenue in the same quarter last year, this is an increase of 122%. But while gross profit could increase 147.5% to $1,009 million, the company still is reporting an operating loss.The business is reporting in two segments and three sub-segments: \"Service revenue\" (consisting of \"digital entertainment\" as well as \"E-commerce and other services\") and \"Sales of Goods\":Digital Entertainment: This segment is offering mobile and PC online games and is generating revenue primarily by selling in-game items to players of the freemium games. It is also generating revenue from offering eSports operations and other entertainment content. In Q3/21, this segment generated $1,099 million in quarterly revenue (41% of total revenue).E-commerce and other services: This segment is mostly generating revenue from e-commerce marketplace services and digital financial services. The business is offering sellers paid advertisement services and is charging transaction-based fees. Additionally, Sea Limited is generating revenue from interest and fees from loans granted to commercial and consumer customers. In Q3/21, this segment generated $1,310 million in quarterly revenue (49% of total revenue).Sales of Goods: Sea Limited is generating revenue as the company is also purchasing products from manufacturer or third parties and is selling it directly on its own Shopee platform. In Q3/21, this segment generated $280 million in revenue (10% of total revenue).When looking at digital entertainment, quarterly active users increased from 572.4 million in Q3/20 to 729.0 million in Q3/21 (resulting in 27% YoY growth). Quarterly paying users increased even 43% YoY from 65.3 million in Q3/20 to 93.2 million in Q3/21.Sea Limited Q3/21 PresentationWhen looking at e-commerce, we see much higher growth rates. Total number of gross orders increased from 0.7 billion in Q3/20 to 1.7 billion in Q3/21, which is resulting in 123% year-over-year growth. And gross merchandise volume increased from $9.3 billion in Q3/20 to $16.8 billion in Q3/21 resulting in 81% YoY growth.Sea Limited Q3/21 PresentationHeadwindsDespite these impressive growth rates Sea Limited is reporting, the stock nevertheless fell 60% in a very short timeframe, and we can assume that the business is facing some headwinds. And a few weeks ago, it was announced that Tencent Holdings Limited (OTCPK:TCEHY) is selling its stake in Sea Limited, which caused the stock of Sea Limited to tumble about 10%. We therefore can assume, that Tencent selling its stake is a bad sign for the long-term prospects of Sea Limited, but we must put this into context. First,Tencent sold only about $3 billion worth of shares and trimmed its stake from 21.3% to 18.7%. Second, Tencent is also selling other stakes it has: The company also announced it will distribute its shares ofJD.com(JD) as special dividend to its shareholders. And therefore, we should not be worried. Tencent is probably trying to be less like a monopoly, that has controlling stakes in many different businesses to avoid getting in the crosshairs of the Chinese government in the future.And while the news, that Tencent was selling shares made the stock slip more than 10%, the news a few weeks ago, that India's government had issued a ban of 54 apps, which it links to China - including Garena Free Fire - sent the shares of Sea Limited even 20% down in a single day. India has already banned several apps in June 2020 - including TikTok and WeChat. But we also must put these numbers into context. According to different sources , Free Fire sales in India are only responsible for 3% of Sea's gaming revenue and only for 1.2% of total sales. In the 2020 Annual Report (20-F file), I could only find the information, that \"Rest of Asia\" - which is including India - was responsible for 15.0% of total revenue in fiscal 2020. Losing India as market will probably hurt Sea Limited, but in this early phase it should not create a serious, long-term problem.Profitability and CompetitionThe two above mentioned headwinds are probably rather short-term. A bigger problem could be the fact, that Sea Limited is still not profitable. When looking at the last ten quarters, Sea Limited wasn't profitable in any of them, and operating losses increased - at least in absolute numbers. In relative numbers, the operating loss in the last quarter was only 17% of revenue compared to 68% of revenue in Q1/19. And while R&D expenses are stable at around 8%, especially selling, general & administrative expenses decreased.And when considering increasing competition, Sea Limited not being profitable could become a problem. Especially when your competitors are called Alibaba (BABA) and Amazon (AMZN), this is no cause for joy. In December 2021, Amazonannounced, that it is planning to expand Amazon Prime Video to Southeast Asia and Amazon is already active in Southeast Asia - despite itslate arrivalin 2017. But not only the U.S. retail and technology giant is a serious competitor - the Chinese retail and technology giant Alibaba is also a serious competitor. During its Investor Day in December 2021, Alibaba announced its plans to drive expansion in Southeast Asia and Lazada, which is owned by Alibaba, aims to achieve much higher sales in the region. Alibaba's vision is to serve more than 300 million customers and achieve $100 billion in gross merchandise volume in a market that is expected to increase to $260 billion in 2025.Alibaba Investor Day 2021 PresentationWhile I don't know how serious Amazon must be taken as a competitor - Lazada (and therefore Alibaba) should not be ignored.Balance SheetAmazon and Alibaba are certainly two competitors, Sea Limited must take seriously. But in this context, it is worth mentioning, that Sea Limited has a great balance sheet, which is a valuable asset.As of September 30, 2021, Sea Limited has no debt on its balance sheet, which is great for a company that is not yet profitable. On the asset side, Sea Limited has $477 million in goodwill (only 2.5% of $18,549 million in total assets) and $706 million in short-term investments as well as $11,126 million in cash and cash equivalents. This is resulting in almost $12 billion of very liquid assets, that Sea Limited can use to drive growth and expand its business. At the time of writing, these liquid assets are about one sixth of the company's market capitalization.And Sea Limited already managed to generate a positive free cash flow in the last few quarters - therefore we also must not be afraid of Sea Limited burning cash and decreasing the short-term investments and cash reserves on the balance sheet.GrowthBut while Sea Limited is still not profitable and might be facing increased competition, the company is also reporting extremely impressive growth rates. When looking at the last ten quarters, there is only a single quarter in which Sea Limited could not grow in the triple-digits. And gross profit is growing at even higher rates than revenue.Analysts are expecting growth rates to slow down in the years to come. Analysts are also not really providing estimates for earnings per share as this number is difficult to estimate. But analysts are providing estimates for revenue, and we can see growth slowing down (not anywhere near to the triple-digit growth rates of the last few quarters). On the other hand, growth rates between 10% and 20% for revenue are still extremely impressive.When asking the question where growth could stem from, the Southeast Asia e-commerce market is expected to grow with a high pace. According to the above-mentioned Alibaba investor presentation, the market is expected to grow with a CAGR of 27% between 2020 and 2025 and this should enable Sea Limited to grow with the market at a high pace (even without taking market shares).And Sea Limited is generating about two thirds of its revenue in Southeast Asia (fiscal 2020 numbers), but the company is also expanding to other markets. Especially revenue from Latin America is increasing with a high pace. While in 2018, only 1.8% of revenue stemmed from Latin America, in 2020 it was already 18.1% of total revenue. And according to Statista, retail e-commerce sales are also expected to increase with a high pace - from $85 billion in 2021 to $160 billion in 2025 resulting in a CAGR of 17%.Sea Limited Annual Report 2020Sea Limited is also writing in its annual report about the growth potential:Our seven markets in Southeast Asia and Taiwan were estimated to have 608.1 million people and a GDP of US$3.6 trillion in 2020 according to the IMF World Economic Outlook Database. Southeast Asia and Taiwan region is also one of the world's fastest growing regions based on per capita GDP and, moreover, at the early stages of internet penetration. In addition, the Latin America region (including the Caribbean) was estimated to have 637.1 million people and a GDP of US$4.2 trillion in 2020 according to the IMF World Economic Outlook Database. Many of our global markets are experiencing a generational transition to the new digital economy, with digital inclusion bringing consumers ever more closely to each other and online services, by leading internet business models such as our own. Our culturally rich and diverse markets observe a rise in traditionally underserved digital consumers, who require dedicated focus, resources, and respective local market knowledge.Without much doubt, high growth rates can be achieved in Southeast Asia as well as Latin America. And aspects like gaming and e-commerce could take off in the years to come and Sea Limited is set up to profit from this growing market. However, many different scenarios are possible. In theory, Sea Limited can increase its revenue substantially for years to come as it can still grow in its core markets, which are expected to grow with a high pace and Sea Limited can also expand to other countries and markets. But if the company is successful against competitors is a different story and hard to predict.Intrinsic Value CalculationIn a final step, as always, we must look at the stock price and compare it to the fundamental business to determine if we are talking about a solid investment or not. In case of Sea Limited, we can't look at the P/E ratio as the company is not profitable yet. Instead, we can look at the price-to-free-cash-flow ratio, but the numbers are not useful at this point (260 times free cash flow right now). The only useful simple valuation metric is the price-sales ratio.Data by YChartsSea Limited is trading for 9.33 times sales right now after it had already been trading for 30 times sales about one year ago. When comparing to some peers, we see Alibaba trading only for 2.77 times sales and Amazon trading for 3.43 times sales. And from that point of view, Sea Limited seems to be expensive. But we must point out, that Sea Limited is probably able to grow with a much higher pace for several years to come and especially due to its gaming segment, Sea Limited should be able to achieve higher margins justifying a higher P/S ratio. We can rather compare the business to Tencent (also generating a huge part of its sales from gaming and fintech), which is trading for 7.01 times sales and therefore in a similar range as Sea Limited.Usually, I am trying to calculate an intrinsic value by using a discount cash flow calculation, but this is extremely difficult as we have so many variables affecting the calculation and stability as well as consistency are still missing. For example, the number of outstanding shares is still increasing. And although this is not untypical for younger companies, it is not what shareholders like to see and it is making it difficult to calculate an intrinsic value by using DCF analysis.Data by YChartsIt is also difficult to estimate growth rates in the years to come: While it seems obvious that growth will slow down, we don't know how fast. And finally, we must estimate when Sea Limited will get profitable, what margins the company can achieve and how much free cash flow it can generate. Summing up, I don't want to put a price tag on Sea Limited right now as I don't think I can provide a useful intrinsic value calculation for the stock at this point. However, if Sea Limited should be able to grow with a high pace (and we don't have to see triple digit or high double-digit growth) and become profitable to a similar level as Tencent, the business could be undervalued right now.ConclusionI usually try to avoid investing in unprofitable businesses as a huge range of outcomes is possible for these rather young companies. And investing is always a bet to some degree as we can never be certain. I am not saying that Sea Limited could not be an incredible investment, but it is extremely difficult for me to put a price tag on the stock. And extreme fluctuations will continue as investors could have extremely different opinions what the stock should be worth.I would rate Sea Limited as a hold right now as it is difficult to make a case for Sea Limited being undervalued or overvalued. On March 01, 2022, Sea Limited will report the next quarterly results, and this might give us some hints again how to valuate Sea Limited.","news_type":1},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030810884,"gmtCreate":1645677360022,"gmtModify":1676534052767,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Market is bearish now... be patient","listText":"Market is bearish now... be patient","text":"Market is bearish now... be patient","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030810884","repostId":"1182824138","repostType":4,"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094486299,"gmtCreate":1645220858242,"gmtModify":1676534009203,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"In this sort of market,&nbsp; stocks with negative earnings are punished severely. Probably more downside to come.&nbsp;","listText":"In this sort of market,&nbsp; stocks with negative earnings are punished severely. Probably more downside to come.&nbsp;","text":"In this sort of market, stocks with negative earnings are punished severely. Probably more downside to come.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094486299","repostId":"1194989459","repostType":2,"repost":{"id":"1194989459","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":1645190602,"share":"https://ttm.financial/m/news/1194989459?lang=&edition=fundamental","pubTime":"2022-02-18 21:23","market":"us","language":"en","title":"Cathie Wood Dumps $56M In Palantir Shares After Dismal Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1194989459","media":"Benzinga","summary":"Cathie Wood-ledArk Investment Managementon Thursday significantly lowered its exposure toPalantir Technologies Incon the day shares of thePeterThiel-backed company plummeted after it reported worse-than-expected quarterly earnings.The popular investment managementfirm sold 4.77 million shares — estimated to be worth $56.2 million based on Thursday’s closing — in the big data company.Palantir stock closed 15.7% lower at $11.7 a share on Thursday. The stock is down 36.5% year-to-date.Palantir repo","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Thursday significantly lowered its exposure to <b>Palantir Technologies Inc</b> on the day shares of the <b>PeterThiel</b>-backed company plummeted after it reported worse-than-expected quarterly earnings.</p><p>The popular investment management firm sold 4.77 million shares — estimated to be worth $56.2 million based on Thursday’s closing — in the big data company.</p><p>Palantir stock closed 15.7% lower at $11.7 a share on Thursday. The stock is down 36.5% year-to-date.</p><p>Palantir reported fourth-quarter earnings of 2 cents per share before the market opened on Thursday, missing the analyst consensus estimate of 4 cents.</p><p>The software company, known for its work with government agencies, reported quarterly sales of $432.87 million, which beat the analyst consensus estimate of $417.69 million.</p><p>Ark Invest held 30.48 million shares in Palantir, prior to Thursday’s trade, implying it trimmed nearly 16% of the total stake.</p><p>The St. Petersburg, Florida-based investment management firm owns shares in Palantir via all of its active exchange-traded funds, including the flagship <b>Ark Innovation ETF.</b></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>Cathie Wood Dumps $56M In Palantir Shares After Dismal Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Dumps $56M In Palantir Shares After Dismal Earnings\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\">2022-02-18 21:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Thursday significantly lowered its exposure to <b>Palantir Technologies Inc</b> on the day shares of the <b>PeterThiel</b>-backed company plummeted after it reported worse-than-expected quarterly earnings.</p><p>The popular investment management firm sold 4.77 million shares — estimated to be worth $56.2 million based on Thursday’s closing — in the big data company.</p><p>Palantir stock closed 15.7% lower at $11.7 a share on Thursday. The stock is down 36.5% year-to-date.</p><p>Palantir reported fourth-quarter earnings of 2 cents per share before the market opened on Thursday, missing the analyst consensus estimate of 4 cents.</p><p>The software company, known for its work with government agencies, reported quarterly sales of $432.87 million, which beat the analyst consensus estimate of $417.69 million.</p><p>Ark Invest held 30.48 million shares in Palantir, prior to Thursday’s trade, implying it trimmed nearly 16% of the total stake.</p><p>The St. Petersburg, Florida-based investment management firm owns shares in Palantir via all of its active exchange-traded funds, including the flagship <b>Ark Innovation ETF.</b></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194989459","content_text":"Cathie Wood-led Ark Investment Management on Thursday significantly lowered its exposure to Palantir Technologies Inc on the day shares of the PeterThiel-backed company plummeted after it reported worse-than-expected quarterly earnings.The popular investment management firm sold 4.77 million shares — estimated to be worth $56.2 million based on Thursday’s closing — in the big data company.Palantir stock closed 15.7% lower at $11.7 a share on Thursday. The stock is down 36.5% year-to-date.Palantir reported fourth-quarter earnings of 2 cents per share before the market opened on Thursday, missing the analyst consensus estimate of 4 cents.The software company, known for its work with government agencies, reported quarterly sales of $432.87 million, which beat the analyst consensus estimate of $417.69 million.Ark Invest held 30.48 million shares in Palantir, prior to Thursday’s trade, implying it trimmed nearly 16% of the total stake.The St. Petersburg, Florida-based investment management firm owns shares in Palantir via all of its active exchange-traded funds, including the flagship Ark Innovation ETF.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094595827,"gmtCreate":1645173791552,"gmtModify":1676534005801,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Is gold still a safe haven?","listText":"Is gold still a safe haven?","text":"Is gold still a safe haven?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094595827","repostId":"1142155098","repostType":4,"repost":{"id":"1142155098","kind":"news","pubTimestamp":1645170216,"share":"https://ttm.financial/m/news/1142155098?lang=&edition=fundamental","pubTime":"2022-02-18 15:43","market":"fut","language":"en","title":"Gold Price Pushes Above $1,900 as Ukraine Crisis Spurs Haven Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1142155098","media":"Bloomberg","summary":"(Bloomberg) -- Gold dropped from an eight-month high after Russia agreed to meet with the U.S. for t","content":"<html><head></head><body><p>(Bloomberg) -- Gold dropped from an eight-month high after Russia agreed to meet with the U.S. for talks over the Ukraine standoff, easing some geopolitical concerns that had fueled demand for the haven asset.</p><p>Russia responded to an offer for a meeting between U.S. Secretary of State Antony Blinken and Russia Foreign Minister Sergei Lavrov in Europe with proposed dates for late next week. The U.S. has accepted, “provided there is no further Russian invasion of Ukraine,” State Department spokesperson Ned Price said in a statement.</p><p>Tensions have been high this week as the U.S. ramped up warnings of a possible Russian attack, with President Joe Biden saying a “false-flag” event may be under way. Russian officials said no invasion of Ukraine was underway and none was planned. But the Kremlin said in an official response to the Biden administration’s proposed security assurances that the offers were unsatisfactory and Russia might have to resort to unspecified “military-technical measures.”</p><p>Gold has made a strong start to the year, surging to the highest since June, as the possibility of a conflict in Europe buoyed prices. The commodity is set for a third weekly gain even as the U.S. Federal Reserve is preparing to raise rates, which could damp demand for the non-interest bearing precious metal.</p><p>“Expect gold to remain quite volatile,” said John Feeney, business development manager at Sydney-based bullion dealer Guardian Gold Australia. “We could still see gold add a significant amount on official news of an invasion,” Feeney said, adding that there could be a drop of $50 or more if the situation calmed.</p><p>Citigroup Inc. analysts including Aakash Doshi upgraded their near-term gold forecast to $1,950 from $1,825, citing geopolitical tensions. Further out, the bank remains bearish, with a target of $1,750 over six to 12 months as “higher real yields and stronger equities can weigh on bullion prices again.”</p><p>Spot gold fell 0.3% to $1,891.98 at 6:28 a.m. in London. Prices had earlier climbed as much as 0.2% to $1,902.48 an ounce, the highest since June 11. The Bloomberg Dollar Spot Index was flat. Silver and platinum rose, while palladium dropped.</p></body></html>","source":"lsy1612507957220","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>Gold Price Pushes Above $1,900 as Ukraine Crisis Spurs Haven 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\">\nGold Price Pushes Above $1,900 as Ukraine Crisis Spurs Haven Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 15:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/gold-pushes-above-1-900-005620268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Gold dropped from an eight-month high after Russia agreed to meet with the U.S. for talks over the Ukraine standoff, easing some geopolitical concerns that had fueled demand for the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/gold-pushes-above-1-900-005620268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/gold-pushes-above-1-900-005620268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142155098","content_text":"(Bloomberg) -- Gold dropped from an eight-month high after Russia agreed to meet with the U.S. for talks over the Ukraine standoff, easing some geopolitical concerns that had fueled demand for the haven asset.Russia responded to an offer for a meeting between U.S. Secretary of State Antony Blinken and Russia Foreign Minister Sergei Lavrov in Europe with proposed dates for late next week. The U.S. has accepted, “provided there is no further Russian invasion of Ukraine,” State Department spokesperson Ned Price said in a statement.Tensions have been high this week as the U.S. ramped up warnings of a possible Russian attack, with President Joe Biden saying a “false-flag” event may be under way. Russian officials said no invasion of Ukraine was underway and none was planned. But the Kremlin said in an official response to the Biden administration’s proposed security assurances that the offers were unsatisfactory and Russia might have to resort to unspecified “military-technical measures.”Gold has made a strong start to the year, surging to the highest since June, as the possibility of a conflict in Europe buoyed prices. The commodity is set for a third weekly gain even as the U.S. Federal Reserve is preparing to raise rates, which could damp demand for the non-interest bearing precious metal.“Expect gold to remain quite volatile,” said John Feeney, business development manager at Sydney-based bullion dealer Guardian Gold Australia. “We could still see gold add a significant amount on official news of an invasion,” Feeney said, adding that there could be a drop of $50 or more if the situation calmed.Citigroup Inc. analysts including Aakash Doshi upgraded their near-term gold forecast to $1,950 from $1,825, citing geopolitical tensions. Further out, the bank remains bearish, with a target of $1,750 over six to 12 months as “higher real yields and stronger equities can weigh on bullion prices again.”Spot gold fell 0.3% to $1,891.98 at 6:28 a.m. in London. Prices had earlier climbed as much as 0.2% to $1,902.48 an ounce, the highest since June 11. The Bloomberg Dollar Spot Index was flat. Silver and platinum rose, while palladium dropped.","news_type":1},"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094160135,"gmtCreate":1645083944126,"gmtModify":1676533995538,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Agreed on Tencent, especially cheap at this levels.&nbsp;","listText":"Agreed on Tencent, especially cheap at this levels.&nbsp;","text":"Agreed on Tencent, especially cheap at this levels.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094160135","repostId":"2211766151","repostType":2,"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095712087,"gmtCreate":1644990013671,"gmtModify":1676533984270,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"This is a very long term bet.&nbsp;","listText":"This is a very long term bet.&nbsp;","text":"This is a very long term bet.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095712087","repostId":"1138765189","repostType":2,"repost":{"id":"1138765189","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":1644811290,"share":"https://ttm.financial/m/news/1138765189?lang=&edition=fundamental","pubTime":"2022-02-14 12:01","market":"us","language":"en","title":"Palantir Q4 Earnings Are Coming - What To Expect","url":"https://stock-news.laohu8.com/highlight/detail?id=1138765189","media":"Tiger Newspress","summary":"Palantir Technologies Inc. is slated to report fourth-quarter 2021 results on Feb 17, before the bel","content":"<html><head></head><body><p>Palantir Technologies Inc. is slated to report fourth-quarter 2021 results on Feb 17, before the bell.</p><p>The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the same on the other two occasions, delivering an earnings surprise of 70.8%, on average.</p><p>Palantir&#39;s revenue grew 36% YoY in Q3 and the consensus analysts estimate revenue to grow 30% to $418.07 million. The company&#39;s initial focus was on the government sector. The company&#39;s first platform Gotham was mainly built for government operatives in the defense and intelligence sector. The company continues to win deals from the public sector. On the other hand, the commercial revenue segment has also shown strong growth in the past few quarters.</p><p><b>Q4 Expectations</b></p><p>The Zacks Consensus Estimate for revenues is pegged at $418.1 million, indicating 29.8% year-over-year growth. The top line is expected to have benefited from strength in both the government and commercial segments. Both segments are likely to have benefited from increased contributions from existing as well as new customers.</p><p>The consensus mark for earnings is pegged at 4 cents per share, indicating 42.9% year-over-year decline. Increase in expenses toward product development and sales is likely to have weighed on the bottom line in the quarter.</p><p><b>Analyst Opinion on Palantir Stock</b></p><p>Royal Bank of Canada downgraded Palantir Technologies from a &#34;sector perform&#34; rating to an &#34;underperform&#34; rating and dropped their price objective for the stock from $25.00 to $19.00 in a research note on Tuesday, November 9th. </p><p>Deutsche Bank Aktiengesellschaft dropped their price objective on Palantir Technologies from $25.00 to $18.00 in a research note on Friday, January 21st.</p><p>Zacks Investment Researchraised Palantir Technologies from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $18.00 price objective on the stock in a research note on Wednesday, January 12th. </p><p>Wolfe Research decreased their target price on Palantir Technologies from $25.00 to $20.00 and set a &#34;market perform&#34; rating on the stock in a report on Wednesday, November 10th. </p><p>Finally, Credit Suisse Group assumed coverage on Palantir Technologies in a report on Tuesday, November 16th. They issued a &#34;neutral&#34; rating and a $25.00 target price on the stock. </p><p>Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company&#39;s stock. </p><p>According to data from MarketBeat.com, the stock has a consensus rating of &#34;Hold&#34; and an average target price of $22.75.</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>Palantir Q4 Earnings Are Coming - What To Expect</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Q4 Earnings Are Coming - What To Expect\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\">2022-02-14 12:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Palantir Technologies Inc. is slated to report fourth-quarter 2021 results on Feb 17, before the bell.</p><p>The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the same on the other two occasions, delivering an earnings surprise of 70.8%, on average.</p><p>Palantir&#39;s revenue grew 36% YoY in Q3 and the consensus analysts estimate revenue to grow 30% to $418.07 million. The company&#39;s initial focus was on the government sector. The company&#39;s first platform Gotham was mainly built for government operatives in the defense and intelligence sector. The company continues to win deals from the public sector. On the other hand, the commercial revenue segment has also shown strong growth in the past few quarters.</p><p><b>Q4 Expectations</b></p><p>The Zacks Consensus Estimate for revenues is pegged at $418.1 million, indicating 29.8% year-over-year growth. The top line is expected to have benefited from strength in both the government and commercial segments. Both segments are likely to have benefited from increased contributions from existing as well as new customers.</p><p>The consensus mark for earnings is pegged at 4 cents per share, indicating 42.9% year-over-year decline. Increase in expenses toward product development and sales is likely to have weighed on the bottom line in the quarter.</p><p><b>Analyst Opinion on Palantir Stock</b></p><p>Royal Bank of Canada downgraded Palantir Technologies from a &#34;sector perform&#34; rating to an &#34;underperform&#34; rating and dropped their price objective for the stock from $25.00 to $19.00 in a research note on Tuesday, November 9th. </p><p>Deutsche Bank Aktiengesellschaft dropped their price objective on Palantir Technologies from $25.00 to $18.00 in a research note on Friday, January 21st.</p><p>Zacks Investment Researchraised Palantir Technologies from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $18.00 price objective on the stock in a research note on Wednesday, January 12th. </p><p>Wolfe Research decreased their target price on Palantir Technologies from $25.00 to $20.00 and set a &#34;market perform&#34; rating on the stock in a report on Wednesday, November 10th. </p><p>Finally, Credit Suisse Group assumed coverage on Palantir Technologies in a report on Tuesday, November 16th. They issued a &#34;neutral&#34; rating and a $25.00 target price on the stock. </p><p>Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company&#39;s stock. </p><p>According to data from MarketBeat.com, the stock has a consensus rating of &#34;Hold&#34; and an average target price of $22.75.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138765189","content_text":"Palantir Technologies Inc. is slated to report fourth-quarter 2021 results on Feb 17, before the bell.The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the same on the other two occasions, delivering an earnings surprise of 70.8%, on average.Palantir's revenue grew 36% YoY in Q3 and the consensus analysts estimate revenue to grow 30% to $418.07 million. The company's initial focus was on the government sector. The company's first platform Gotham was mainly built for government operatives in the defense and intelligence sector. The company continues to win deals from the public sector. On the other hand, the commercial revenue segment has also shown strong growth in the past few quarters.Q4 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $418.1 million, indicating 29.8% year-over-year growth. The top line is expected to have benefited from strength in both the government and commercial segments. Both segments are likely to have benefited from increased contributions from existing as well as new customers.The consensus mark for earnings is pegged at 4 cents per share, indicating 42.9% year-over-year decline. Increase in expenses toward product development and sales is likely to have weighed on the bottom line in the quarter.Analyst Opinion on Palantir StockRoyal Bank of Canada downgraded Palantir Technologies from a \"sector perform\" rating to an \"underperform\" rating and dropped their price objective for the stock from $25.00 to $19.00 in a research note on Tuesday, November 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Palantir Technologies from $25.00 to $18.00 in a research note on Friday, January 21st.Zacks Investment Researchraised Palantir Technologies from a \"hold\" rating to a \"buy\" rating and set a $18.00 price objective on the stock in a research note on Wednesday, January 12th. Wolfe Research decreased their target price on Palantir Technologies from $25.00 to $20.00 and set a \"market perform\" rating on the stock in a report on Wednesday, November 10th. Finally, Credit Suisse Group assumed coverage on Palantir Technologies in a report on Tuesday, November 16th. They issued a \"neutral\" rating and a $25.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of \"Hold\" and an average target price of $22.75.","news_type":1},"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095645134,"gmtCreate":1644909898452,"gmtModify":1676533974773,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Thanks for sharing.&nbsp;&nbsp;","listText":"Thanks for sharing.&nbsp;&nbsp;","text":"Thanks for sharing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095645134","repostId":"1139000181","repostType":4,"repost":{"id":"1139000181","kind":"news","pubTimestamp":1644903677,"share":"https://ttm.financial/m/news/1139000181?lang=&edition=fundamental","pubTime":"2022-02-15 13:41","market":"us","language":"en","title":"Rivian Is a Prime Example of an Epic Bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=1139000181","media":"InvestorPlace","summary":"Shares of electric vehicle (EV) maker Rivian Automotive(NASDAQ:RIVN) have crashed nearly 40% year-to","content":"<html><head></head><body><p>Shares of electric vehicle (EV) maker <b>Rivian Automotive</b>(NASDAQ:<b><u>RIVN</u></b>) have crashed nearly 40% year-to-date, and approximately 50% in the past three-month period while they are off 20% from their initial public offering (IPO) price of $78 a share back in November 2021. This definitely does not improve the case for RIVN stock.</p><p>Buying the dip now is like jumping into the waters of Antarctica without any previous experience in winter swimming. You will get shocked for sure.</p><p>There are many reasons why I do not like the RIVN stock, and valuation is on top of the list. Let’s dig into some of the other reasons as well.</p><p>Elon Musk Was Right About Rivian</p><p>A few days after Rivian went public I wrote an article titled “How Elon Musk Got It Right About Rivian and Its Irrational Valuation.”</p><p>Elon Musk said “high production and breakeven cash flow would be the ‘true test’ for Rivian.”</p><p>One of the highlights of the article was “When it comes down to it, though, this IPO price and the current price tag both simply flirt with irrationality. There seems to be a complete lack of logic here. Investors are missing what they should be focusing on with RIVN stock.” I concluded, “RIVN stock is synonymous with an epic bubble.”</p><p>Rivian shares reached a 52-week high of $179.47 in mid-November. Why?</p><p>I do not know. I cannot find words for this other than speculation is in full force. When you play with fire and danger chances are things may not end up going well.</p><p>RIVN Stock Catalysts: Irrational Exuberance Meets Reality</p><p>Rivian produced 1,015 vehicles by the end of 2021 missing its goal of 1200 cars.</p><p>The third quarter 2021 Shareholder Letter is full of valuable insights about performance, expectations, and risks investors should know about.</p><p>Rivian stated it has 71,000 R1 net preorders in the U.S. and Canada as of December 15, 2021. It intends to invest capital to improve battery technology, electric drive system and expand the production capacity of its Illinois factory from 150,000 to 200,000 vehicles per year. In other words, capital expenditures and total operating expenses are expected to rise significantly over the next quarters.</p><p>The second manufacturing facility in Georgia is expected to start its construction in the summer of 2022 to develop the next generation of vehicles.</p><p>Rivian expects production in this facility to start in 2024 with up to 400,000 vehicles annually.</p><p>This is a dilemma for Rivian management. Should they invest in the future now and risk losing two years of transformation and breakthroughs not just in the EV industry but rather in the broader automotive industry? Or should they focus more on the here and now?</p><p>There is also the expansion of the service network to be able to offer the highest customer service. This brings me to another point. We do not know yet any problems or complaints that may arise related to quality, range specification and/or endurance. It is too early right now in the lifecycles of Rivian’s models to say for certain and owners have only started to form a community.</p><p>Expect No Surprises from Rivian’s Fundamentals</p><p>I expect the trend that was evident in Q3 2021, net loss, free cash flow, to remain negative in the fourth quarter of 2021 and for the full year 2021.</p><p>There is one statement that I will monitor and, it will be trivial. Rivian in theQ3 Shareholder Letter stated:</p><blockquote>The funds we have raised throughout 2021 offer us the opportunity to execute on our near-term objectives. We will continue to look for opportunities to pull forward investments to further accelerate our strategy.</blockquote><p>It is hard to predict if any future stock offerings are in the cards. Though, for now, this is good news. But I personally do not think a potential stock dilution is still out of the question. It is too early to have crucial trends in key financial metrics.</p><p>Valuation of RIVN Stock</p><p>Compared to Consumer Discretionary sectorRivian has a forward price to sales (P/S) ratio of 864.75, and a forward enterprise value to sales (EV/Sales) ratio of 961.51. The median values for the sector for a Price / Sales (FWD) and EV / Sales (FWD) ratios are 1.09 and 1.32 respectively.</p><p>There is a huge difference in the sector values. And it is no surprise at all as Rivian is expected to increase production volumes but still trades at irrational levels for almost all major key financial ratios. Investors may look at the Price / Book (FWD) ratio of 2.55 for Rivian which is less than the median value of 3.00 for the sector and find an argument that the stock is a bargain.</p><p>At the peak of the irrational exuberance, Rivian had a market capitalization higher than <b>Ford Motor Company</b>(NYSE:<b><u>F</u></b>) and <b>General Motors Company</b>(NYSE:<b><u>GM</u></b>).</p><p>The Bottom Line on RIVN Stock</p><p>Over the next quarter’s deliveries numbers, margins, free cash flow, will be analyzed and there will be two sides, haters and supporters of Rivian.</p><p>I am not a supporter and not a hater either. I do not like RIVN stock as it is still an epic bubble. The road to profitability will be too challenging and I see it to be several years away. In the meantime, speculating that Rivian will change the EV industry will persist.</p><p>The numbers do not support this concept at all.</p><p>Choose reality based, fundamentals focused investing over myopic investing.</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>Rivian Is a Prime Example of an Epic Bubble</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\">\nRivian Is a Prime Example of an Epic Bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-15 13:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/rivn-stock-is-a-textbook-definition-of-an-epic-bubble/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of electric vehicle (EV) maker Rivian Automotive(NASDAQ:RIVN) have crashed nearly 40% year-to-date, and approximately 50% in the past three-month period while they are off 20% from their ...</p>\n\n<a href=\"https://investorplace.com/2022/02/rivn-stock-is-a-textbook-definition-of-an-epic-bubble/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"source_url":"https://investorplace.com/2022/02/rivn-stock-is-a-textbook-definition-of-an-epic-bubble/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139000181","content_text":"Shares of electric vehicle (EV) maker Rivian Automotive(NASDAQ:RIVN) have crashed nearly 40% year-to-date, and approximately 50% in the past three-month period while they are off 20% from their initial public offering (IPO) price of $78 a share back in November 2021. This definitely does not improve the case for RIVN stock.Buying the dip now is like jumping into the waters of Antarctica without any previous experience in winter swimming. You will get shocked for sure.There are many reasons why I do not like the RIVN stock, and valuation is on top of the list. Let’s dig into some of the other reasons as well.Elon Musk Was Right About RivianA few days after Rivian went public I wrote an article titled “How Elon Musk Got It Right About Rivian and Its Irrational Valuation.”Elon Musk said “high production and breakeven cash flow would be the ‘true test’ for Rivian.”One of the highlights of the article was “When it comes down to it, though, this IPO price and the current price tag both simply flirt with irrationality. There seems to be a complete lack of logic here. Investors are missing what they should be focusing on with RIVN stock.” I concluded, “RIVN stock is synonymous with an epic bubble.”Rivian shares reached a 52-week high of $179.47 in mid-November. Why?I do not know. I cannot find words for this other than speculation is in full force. When you play with fire and danger chances are things may not end up going well.RIVN Stock Catalysts: Irrational Exuberance Meets RealityRivian produced 1,015 vehicles by the end of 2021 missing its goal of 1200 cars.The third quarter 2021 Shareholder Letter is full of valuable insights about performance, expectations, and risks investors should know about.Rivian stated it has 71,000 R1 net preorders in the U.S. and Canada as of December 15, 2021. It intends to invest capital to improve battery technology, electric drive system and expand the production capacity of its Illinois factory from 150,000 to 200,000 vehicles per year. In other words, capital expenditures and total operating expenses are expected to rise significantly over the next quarters.The second manufacturing facility in Georgia is expected to start its construction in the summer of 2022 to develop the next generation of vehicles.Rivian expects production in this facility to start in 2024 with up to 400,000 vehicles annually.This is a dilemma for Rivian management. Should they invest in the future now and risk losing two years of transformation and breakthroughs not just in the EV industry but rather in the broader automotive industry? Or should they focus more on the here and now?There is also the expansion of the service network to be able to offer the highest customer service. This brings me to another point. We do not know yet any problems or complaints that may arise related to quality, range specification and/or endurance. It is too early right now in the lifecycles of Rivian’s models to say for certain and owners have only started to form a community.Expect No Surprises from Rivian’s FundamentalsI expect the trend that was evident in Q3 2021, net loss, free cash flow, to remain negative in the fourth quarter of 2021 and for the full year 2021.There is one statement that I will monitor and, it will be trivial. Rivian in theQ3 Shareholder Letter stated:The funds we have raised throughout 2021 offer us the opportunity to execute on our near-term objectives. We will continue to look for opportunities to pull forward investments to further accelerate our strategy.It is hard to predict if any future stock offerings are in the cards. Though, for now, this is good news. But I personally do not think a potential stock dilution is still out of the question. It is too early to have crucial trends in key financial metrics.Valuation of RIVN StockCompared to Consumer Discretionary sectorRivian has a forward price to sales (P/S) ratio of 864.75, and a forward enterprise value to sales (EV/Sales) ratio of 961.51. The median values for the sector for a Price / Sales (FWD) and EV / Sales (FWD) ratios are 1.09 and 1.32 respectively.There is a huge difference in the sector values. And it is no surprise at all as Rivian is expected to increase production volumes but still trades at irrational levels for almost all major key financial ratios. Investors may look at the Price / Book (FWD) ratio of 2.55 for Rivian which is less than the median value of 3.00 for the sector and find an argument that the stock is a bargain.At the peak of the irrational exuberance, Rivian had a market capitalization higher than Ford Motor Company(NYSE:F) and General Motors Company(NYSE:GM).The Bottom Line on RIVN StockOver the next quarter’s deliveries numbers, margins, free cash flow, will be analyzed and there will be two sides, haters and supporters of Rivian.I am not a supporter and not a hater either. I do not like RIVN stock as it is still an epic bubble. The road to profitability will be too challenging and I see it to be several years away. In the meantime, speculating that Rivian will change the EV industry will persist.The numbers do not support this concept at all.Choose reality based, fundamentals focused investing over myopic investing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9033220740,"gmtCreate":1646289780719,"gmtModify":1676534113524,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"My first blue chip US stock investment!","listText":"My first blue chip US stock investment!","text":"My first blue chip US stock investment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033220740","repostId":"1190725364","repostType":2,"repost":{"id":"1190725364","kind":"news","pubTimestamp":1646287142,"share":"https://ttm.financial/m/news/1190725364?lang=&edition=fundamental","pubTime":"2022-03-03 13:59","market":"us","language":"en","title":"Apple Stock: Resilient To Turbulence In 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1190725364","media":"TheStreet","summary":"So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks.","content":"<html><head></head><body><p>So far in 2022, Apple stock has done better than the S&amp;P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?</p><p>The US stock market (<b>SPY</b>) continues to bounce around on the back of macroeconomic and geopolitical turbulence. If high inflation, choked supply chains and rising interest rates were not enough, the Russia-Ukraine conflict escalated fast and has no end in sight.</p><p>Meanwhile, Apple stock (<b>AAPL</b>) has been faring better. Even though it is considered a growth and higher-beta stock, investors seem to be finding safety in this stock.</p><p><b>AAPL: an outperformer</b></p><p>The chart below is telling. So far in 2022, AAPL has dipped a modest 8%, as of the writing of this sentence. This is better than the S&amp;P 500’s and the Nasdaq’s (<b>QQQ</b>) 10% and 14% declines during the same period, respectively.</p><p>But Apple’s outperformance can not be easily explained by a sector and factor analysis alone. For example, growth stocks (<b>VUG</b>)  have shed 15% of their market value in 2022. Meanwhile, tech stock (<b>XLK</b>)  prices have sunk 13%. Apple stock has outperformed them all.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b8f1a178fb1564fef58bbcfa378b905\" tg-width=\"1200\" tg-height=\"633\" width=\"100%\" height=\"auto\"/><span>Figure 2: AAPL performance vs. S&amp;P 500, Nasdaq, XLK and VUG.</span></p><p><b>Why so resilient?</b></p><p>In my view, Apple’s resilience in 2022 is a bit counterintuitive, at first glance. Before the start of the war in Eastern Europe, the market’s biggest concern was high inflation leading to rising interest rates. This setup has been most damaging to growth and richly-valued stocks.</p><p>Because AAPL trades at the richest 2025 earnings multiple of all FAAMG names, one could have assumed that shares of the Cupertino company would have corrected sharply in Q1. So far, this has not been the case at all.</p><p>The most likely explanation is Apple’s strong business fundamentals that are unlikely to be hurt by macroeconomic and geopolitical issues — that is, unless something highly disruptive to either happens, including sharp economic growth deceleration.</p><p>Also, Apple’s business is not very dependent on Russia.I explained recently that less than 1% of the company’s revenues are estimated to come from Vladimir Putin’s country. Meanwhile, the Cupertino company does not have any Russia-based supplier.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: Resilient To Turbulence In 2022</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 Stock: Resilient To Turbulence In 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 13:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?The US stock market (SPY) continues to bounce around on the back of...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190725364","content_text":"So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?The US stock market (SPY) continues to bounce around on the back of macroeconomic and geopolitical turbulence. If high inflation, choked supply chains and rising interest rates were not enough, the Russia-Ukraine conflict escalated fast and has no end in sight.Meanwhile, Apple stock (AAPL) has been faring better. Even though it is considered a growth and higher-beta stock, investors seem to be finding safety in this stock.AAPL: an outperformerThe chart below is telling. So far in 2022, AAPL has dipped a modest 8%, as of the writing of this sentence. This is better than the S&P 500’s and the Nasdaq’s (QQQ) 10% and 14% declines during the same period, respectively.But Apple’s outperformance can not be easily explained by a sector and factor analysis alone. For example, growth stocks (VUG)  have shed 15% of their market value in 2022. Meanwhile, tech stock (XLK)  prices have sunk 13%. Apple stock has outperformed them all.Figure 2: AAPL performance vs. S&P 500, Nasdaq, XLK and VUG.Why so resilient?In my view, Apple’s resilience in 2022 is a bit counterintuitive, at first glance. Before the start of the war in Eastern Europe, the market’s biggest concern was high inflation leading to rising interest rates. This setup has been most damaging to growth and richly-valued stocks.Because AAPL trades at the richest 2025 earnings multiple of all FAAMG names, one could have assumed that shares of the Cupertino company would have corrected sharply in Q1. So far, this has not been the case at all.The most likely explanation is Apple’s strong business fundamentals that are unlikely to be hurt by macroeconomic and geopolitical issues — that is, unless something highly disruptive to either happens, including sharp economic growth deceleration.Also, Apple’s business is not very dependent on Russia.I explained recently that less than 1% of the company’s revenues are estimated to come from Vladimir Putin’s country. Meanwhile, the Cupertino company does not have any Russia-based supplier.","news_type":1},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095712087,"gmtCreate":1644990013671,"gmtModify":1676533984270,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"This is a very long term bet.&nbsp;","listText":"This is a very long term bet.&nbsp;","text":"This is a very long term bet.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095712087","repostId":"1138765189","repostType":2,"repost":{"id":"1138765189","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":1644811290,"share":"https://ttm.financial/m/news/1138765189?lang=&edition=fundamental","pubTime":"2022-02-14 12:01","market":"us","language":"en","title":"Palantir Q4 Earnings Are Coming - What To Expect","url":"https://stock-news.laohu8.com/highlight/detail?id=1138765189","media":"Tiger Newspress","summary":"Palantir Technologies Inc. is slated to report fourth-quarter 2021 results on Feb 17, before the bel","content":"<html><head></head><body><p>Palantir Technologies Inc. is slated to report fourth-quarter 2021 results on Feb 17, before the bell.</p><p>The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the same on the other two occasions, delivering an earnings surprise of 70.8%, on average.</p><p>Palantir&#39;s revenue grew 36% YoY in Q3 and the consensus analysts estimate revenue to grow 30% to $418.07 million. The company&#39;s initial focus was on the government sector. The company&#39;s first platform Gotham was mainly built for government operatives in the defense and intelligence sector. The company continues to win deals from the public sector. On the other hand, the commercial revenue segment has also shown strong growth in the past few quarters.</p><p><b>Q4 Expectations</b></p><p>The Zacks Consensus Estimate for revenues is pegged at $418.1 million, indicating 29.8% year-over-year growth. The top line is expected to have benefited from strength in both the government and commercial segments. Both segments are likely to have benefited from increased contributions from existing as well as new customers.</p><p>The consensus mark for earnings is pegged at 4 cents per share, indicating 42.9% year-over-year decline. Increase in expenses toward product development and sales is likely to have weighed on the bottom line in the quarter.</p><p><b>Analyst Opinion on Palantir Stock</b></p><p>Royal Bank of Canada downgraded Palantir Technologies from a &#34;sector perform&#34; rating to an &#34;underperform&#34; rating and dropped their price objective for the stock from $25.00 to $19.00 in a research note on Tuesday, November 9th. </p><p>Deutsche Bank Aktiengesellschaft dropped their price objective on Palantir Technologies from $25.00 to $18.00 in a research note on Friday, January 21st.</p><p>Zacks Investment Researchraised Palantir Technologies from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $18.00 price objective on the stock in a research note on Wednesday, January 12th. </p><p>Wolfe Research decreased their target price on Palantir Technologies from $25.00 to $20.00 and set a &#34;market perform&#34; rating on the stock in a report on Wednesday, November 10th. </p><p>Finally, Credit Suisse Group assumed coverage on Palantir Technologies in a report on Tuesday, November 16th. They issued a &#34;neutral&#34; rating and a $25.00 target price on the stock. </p><p>Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company&#39;s stock. </p><p>According to data from MarketBeat.com, the stock has a consensus rating of &#34;Hold&#34; and an average target price of $22.75.</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>Palantir Q4 Earnings Are Coming - What To Expect</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Q4 Earnings Are Coming - What To Expect\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\">2022-02-14 12:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Palantir Technologies Inc. is slated to report fourth-quarter 2021 results on Feb 17, before the bell.</p><p>The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the same on the other two occasions, delivering an earnings surprise of 70.8%, on average.</p><p>Palantir&#39;s revenue grew 36% YoY in Q3 and the consensus analysts estimate revenue to grow 30% to $418.07 million. The company&#39;s initial focus was on the government sector. The company&#39;s first platform Gotham was mainly built for government operatives in the defense and intelligence sector. The company continues to win deals from the public sector. On the other hand, the commercial revenue segment has also shown strong growth in the past few quarters.</p><p><b>Q4 Expectations</b></p><p>The Zacks Consensus Estimate for revenues is pegged at $418.1 million, indicating 29.8% year-over-year growth. The top line is expected to have benefited from strength in both the government and commercial segments. Both segments are likely to have benefited from increased contributions from existing as well as new customers.</p><p>The consensus mark for earnings is pegged at 4 cents per share, indicating 42.9% year-over-year decline. Increase in expenses toward product development and sales is likely to have weighed on the bottom line in the quarter.</p><p><b>Analyst Opinion on Palantir Stock</b></p><p>Royal Bank of Canada downgraded Palantir Technologies from a &#34;sector perform&#34; rating to an &#34;underperform&#34; rating and dropped their price objective for the stock from $25.00 to $19.00 in a research note on Tuesday, November 9th. </p><p>Deutsche Bank Aktiengesellschaft dropped their price objective on Palantir Technologies from $25.00 to $18.00 in a research note on Friday, January 21st.</p><p>Zacks Investment Researchraised Palantir Technologies from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $18.00 price objective on the stock in a research note on Wednesday, January 12th. </p><p>Wolfe Research decreased their target price on Palantir Technologies from $25.00 to $20.00 and set a &#34;market perform&#34; rating on the stock in a report on Wednesday, November 10th. </p><p>Finally, Credit Suisse Group assumed coverage on Palantir Technologies in a report on Tuesday, November 16th. They issued a &#34;neutral&#34; rating and a $25.00 target price on the stock. </p><p>Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company&#39;s stock. </p><p>According to data from MarketBeat.com, the stock has a consensus rating of &#34;Hold&#34; and an average target price of $22.75.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138765189","content_text":"Palantir Technologies Inc. is slated to report fourth-quarter 2021 results on Feb 17, before the bell.The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the same on the other two occasions, delivering an earnings surprise of 70.8%, on average.Palantir's revenue grew 36% YoY in Q3 and the consensus analysts estimate revenue to grow 30% to $418.07 million. The company's initial focus was on the government sector. The company's first platform Gotham was mainly built for government operatives in the defense and intelligence sector. The company continues to win deals from the public sector. On the other hand, the commercial revenue segment has also shown strong growth in the past few quarters.Q4 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $418.1 million, indicating 29.8% year-over-year growth. The top line is expected to have benefited from strength in both the government and commercial segments. Both segments are likely to have benefited from increased contributions from existing as well as new customers.The consensus mark for earnings is pegged at 4 cents per share, indicating 42.9% year-over-year decline. Increase in expenses toward product development and sales is likely to have weighed on the bottom line in the quarter.Analyst Opinion on Palantir StockRoyal Bank of Canada downgraded Palantir Technologies from a \"sector perform\" rating to an \"underperform\" rating and dropped their price objective for the stock from $25.00 to $19.00 in a research note on Tuesday, November 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Palantir Technologies from $25.00 to $18.00 in a research note on Friday, January 21st.Zacks Investment Researchraised Palantir Technologies from a \"hold\" rating to a \"buy\" rating and set a $18.00 price objective on the stock in a research note on Wednesday, January 12th. Wolfe Research decreased their target price on Palantir Technologies from $25.00 to $20.00 and set a \"market perform\" rating on the stock in a report on Wednesday, November 10th. Finally, Credit Suisse Group assumed coverage on Palantir Technologies in a report on Tuesday, November 16th. They issued a \"neutral\" rating and a $25.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of \"Hold\" and an average target price of $22.75.","news_type":1},"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021153350,"gmtCreate":1653015864470,"gmtModify":1676535209185,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Thanks. Good insight","listText":"Thanks. Good insight","text":"Thanks. Good insight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021153350","repostId":"2236338440","repostType":2,"isVote":1,"tweetType":1,"viewCount":530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094160135,"gmtCreate":1645083944126,"gmtModify":1676533995538,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Agreed on Tencent, especially cheap at this levels.&nbsp;","listText":"Agreed on Tencent, especially cheap at this levels.&nbsp;","text":"Agreed on Tencent, especially cheap at this levels.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094160135","repostId":"2211766151","repostType":2,"repost":{"id":"2211766151","kind":"highlight","pubTimestamp":1645057191,"share":"https://ttm.financial/m/news/2211766151?lang=&edition=fundamental","pubTime":"2022-02-17 08:19","market":"us","language":"en","title":"2 Metaverse Stocks to Buy and Hold for the Next 10 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2211766151","media":"Motley Fool","summary":"Investors can bet on these two companies to ride the metaverse trend.","content":"<html><head></head><body><p>The metaverse is becoming a popular investment theme of late. Investors are scrambling for stock ideas to avoid missing out on what many are suggesting will be a huge trend.</p><p>While much about the metaverse is speculative right now and lots of new companies are coming to market with their ideas for capitalizing on it, investors do not have to buy in on unknown or unproven startups to benefit from the tailwind. There are well-established companies that investors can bet on to ride the metaverse story.</p><p>Let&#39;s explore two of these metaverse stocks that might just be worth buying and holding for the next decade of development.</p><h2>1. <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>: The social media-turned-metaverse contender</h2><p><b>Meta Platforms</b> (NASDAQ:FB), formerly known as Facebook, has been a social media platform for most of its existence. With more than 3 billion monthly active users, Meta is used by almost half of the global population who access at least <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its family of apps -- Facebook, Facebook Messenger, Instagram, and WhatsApp.</p><p>While its social media apps generate most of the revenue -- with income mainly from advertising -- Meta made a strategic move last year to pivot the company&#39;s focus toward the metaverse. In this new frontier, Meta aims to help users maintain a feeling of physical presence, beyond just text and video, when connecting with anyone, anywhere.</p><p>For example, today, we video call our family members who live in another location using Facebook Messenger, Whatsapp, or another video streaming program. But in the metaverse world, we can put on our VR headsets and be together with our family members in a virtual space. The experience will be similar to watching <i>Avatar</i> in a 3D cinema. The difference is that we can interact with the virtual avatars of our family members. Or imagine a world where we can attend any live concert, globally, without leaving the comfort of our homes. All we need is to put on Meta&#39;s Oculus headset and our favorite artists appear in front of us (at least virtually). And while we are at the concert, we can make purchases in a virtual marketplace and the products we buy can be virtual as well (like dressing our avatar in a concert T-shirt) or real (like buying an actual concert T-shirt) and the products are then shipped to our homes. These are just some early and basic examples of what we can experience in a metaverse.</p><p>So what is Meta&#39;s role in this gigantic shift? To start, the company wants to help develop the core technologies -- like virtual reality (VR) and augmented reality (AR) -- as well as the social platforms that will bring the metaverse to life. It will also focus on building a more inclusive community, ensuring that privacy and safety, open standards, and the appropriate governance are all there from the start.</p><p>While all these sound good and exciting, investors should note that the metaverse will take years, if not decades, to become mainstream. Along the way, Meta will need to invest heavily in technology, talent, and partnerships to pull this off. It helps that the tech company has an advertising business that generates billions in profit annually, billions of active users, thousands of world-class talents (developers), and a visionary founder who has significant skin in the game.</p><p>With these ingredients in place, Meta can take a long-term approach toward building its metaverse business.</p><h2>2. Tencent Holdings: The leading technology conglomerate in China</h2><p><b>Tencent Holdings</b> (OTC:TCEHY) is one of the most valuable companies in China thanks to its wide-ranging business activities. It is the leading Chinese company in online games, social media, mobile messaging, fintech, and more. Think of it as the combination of Meta, <b>Activision Blizzard</b>, and <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>. Besides its fully owned businesses, Tencent is also an investor in some of the best companies globally, including <b>Meituan</b>, <b>Pinduoduo</b>, <b>Sea Limited</b>,<b> Spotify Technology</b>, and<b> Snap</b>, just to mention a few.</p><p>Unlike Meta, which has shifted its whole company to focus on metaverse, Tencent has yet to make such a major change to its business model. Nevertheless, the latter&#39;s exposure to the metaverse is in no way less significant.</p><p>To start, Tencent is already an active participant in metaverse via its exposure to video games. As the largest gaming company in China, the company is well-positioned to take the next step of making its games more interactive and immersive. To this end, Tencent has all the resources -- cash, developers, and users -- to pivot its gaming business toward that direction.</p><p>Besides, it has exposure to other leading gaming companies -- such as Epic Games and <b>Roblox</b> -- to help it ride the metaverse trend. For example, Tencent and Roblox have a joint venture that will distribute Roblox&#39;s content in China. In other words, Tencent will benefit directly (from accessing Roblox&#39;s content) and indirectly (from watching and learning Roblox&#39;s moves) so long as it maintains its partnership with Roblox.</p><p>On top of that, Tencent has recently acquired Chinese gaming-focused specialty smartphone maker Black Shark as a move into the AR/VR hardware business. This move completes the puzzle within Tencent&#39;s metaverse plan since the company already has all the necessary pieces through its wide-ranging businesses.</p><p>In short, investors looking to ride the metaverse tailwind can keep Tencent on their radar.</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 Metaverse Stocks to Buy and Hold for the Next 10 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Metaverse Stocks to Buy and Hold for the Next 10 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-17 08:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/16/metaverse-stocks-buy-and-hold-for-next-10-years/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The metaverse is becoming a popular investment theme of late. Investors are scrambling for stock ideas to avoid missing out on what many are suggesting will be a huge trend.While much about the ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/16/metaverse-stocks-buy-and-hold-for-next-10-years/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4508":"社交媒体","BK4527":"明星科技股","VR":"GLOBAL X METAVERSE ETF","BK4077":"互动媒体与服务","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","META":"Meta Platforms, Inc.","BK4525":"远程办公概念","BK4547":"WSB热门概念","TCEHY":"腾讯控股ADR","BK4085":"互动家庭娱乐","BK4548":"巴美列捷福持仓","BK4565":"NFT概念","BK4213":"石油与天然气的勘探与生产","BK4554":"元宇宙及AR概念","BK4553":"喜马拉雅资本持仓","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","00700":"腾讯控股","AR":"Antero Resources Corp","BK4533":"AQR资本管理(全球第二大对冲基金)","RBLX":"Roblox Corporation","BK4566":"资本集团"},"source_url":"https://www.fool.com/investing/2022/02/16/metaverse-stocks-buy-and-hold-for-next-10-years/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2211766151","content_text":"The metaverse is becoming a popular investment theme of late. Investors are scrambling for stock ideas to avoid missing out on what many are suggesting will be a huge trend.While much about the metaverse is speculative right now and lots of new companies are coming to market with their ideas for capitalizing on it, investors do not have to buy in on unknown or unproven startups to benefit from the tailwind. There are well-established companies that investors can bet on to ride the metaverse story.Let's explore two of these metaverse stocks that might just be worth buying and holding for the next decade of development.1. Meta Platforms: The social media-turned-metaverse contenderMeta Platforms (NASDAQ:FB), formerly known as Facebook, has been a social media platform for most of its existence. With more than 3 billion monthly active users, Meta is used by almost half of the global population who access at least one of its family of apps -- Facebook, Facebook Messenger, Instagram, and WhatsApp.While its social media apps generate most of the revenue -- with income mainly from advertising -- Meta made a strategic move last year to pivot the company's focus toward the metaverse. In this new frontier, Meta aims to help users maintain a feeling of physical presence, beyond just text and video, when connecting with anyone, anywhere.For example, today, we video call our family members who live in another location using Facebook Messenger, Whatsapp, or another video streaming program. But in the metaverse world, we can put on our VR headsets and be together with our family members in a virtual space. The experience will be similar to watching Avatar in a 3D cinema. The difference is that we can interact with the virtual avatars of our family members. Or imagine a world where we can attend any live concert, globally, without leaving the comfort of our homes. All we need is to put on Meta's Oculus headset and our favorite artists appear in front of us (at least virtually). And while we are at the concert, we can make purchases in a virtual marketplace and the products we buy can be virtual as well (like dressing our avatar in a concert T-shirt) or real (like buying an actual concert T-shirt) and the products are then shipped to our homes. These are just some early and basic examples of what we can experience in a metaverse.So what is Meta's role in this gigantic shift? To start, the company wants to help develop the core technologies -- like virtual reality (VR) and augmented reality (AR) -- as well as the social platforms that will bring the metaverse to life. It will also focus on building a more inclusive community, ensuring that privacy and safety, open standards, and the appropriate governance are all there from the start.While all these sound good and exciting, investors should note that the metaverse will take years, if not decades, to become mainstream. Along the way, Meta will need to invest heavily in technology, talent, and partnerships to pull this off. It helps that the tech company has an advertising business that generates billions in profit annually, billions of active users, thousands of world-class talents (developers), and a visionary founder who has significant skin in the game.With these ingredients in place, Meta can take a long-term approach toward building its metaverse business.2. Tencent Holdings: The leading technology conglomerate in ChinaTencent Holdings (OTC:TCEHY) is one of the most valuable companies in China thanks to its wide-ranging business activities. It is the leading Chinese company in online games, social media, mobile messaging, fintech, and more. Think of it as the combination of Meta, Activision Blizzard, and PayPal Holdings. Besides its fully owned businesses, Tencent is also an investor in some of the best companies globally, including Meituan, Pinduoduo, Sea Limited, Spotify Technology, and Snap, just to mention a few.Unlike Meta, which has shifted its whole company to focus on metaverse, Tencent has yet to make such a major change to its business model. Nevertheless, the latter's exposure to the metaverse is in no way less significant.To start, Tencent is already an active participant in metaverse via its exposure to video games. As the largest gaming company in China, the company is well-positioned to take the next step of making its games more interactive and immersive. To this end, Tencent has all the resources -- cash, developers, and users -- to pivot its gaming business toward that direction.Besides, it has exposure to other leading gaming companies -- such as Epic Games and Roblox -- to help it ride the metaverse trend. For example, Tencent and Roblox have a joint venture that will distribute Roblox's content in China. In other words, Tencent will benefit directly (from accessing Roblox's content) and indirectly (from watching and learning Roblox's moves) so long as it maintains its partnership with Roblox.On top of that, Tencent has recently acquired Chinese gaming-focused specialty smartphone maker Black Shark as a move into the AR/VR hardware business. This move completes the puzzle within Tencent's metaverse plan since the company already has all the necessary pieces through its wide-ranging businesses.In short, investors looking to ride the metaverse tailwind can keep Tencent on their radar.","news_type":1},"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032079940,"gmtCreate":1647248090663,"gmtModify":1676534207541,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Likely because of US delisting of some China stocks,&nbsp; and fear of western sanctions against China for perceived inaction against Russia.&nbsp;","listText":"Likely because of US delisting of some China stocks,&nbsp; and fear of western sanctions against China for perceived inaction against Russia.&nbsp;","text":"Likely because of US delisting of some China stocks, and fear of western sanctions against China for perceived inaction against Russia.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032079940","repostId":"1172697400","repostType":4,"repost":{"id":"1172697400","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":1647242540,"share":"https://ttm.financial/m/news/1172697400?lang=&edition=fundamental","pubTime":"2022-03-14 15:22","market":"hk","language":"en","title":"Hong Kong Stock Market Plunged on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1172697400","media":"Tiger Newspress","summary":"Hong Kong stock market plunged on Monday, with the Hang Seng Index down more than 5% and the Hang Se","content":"<html><head></head><body><p>Hong Kong stock market plunged on Monday, with the Hang Seng Index down more than 5% and the Hang Seng Tech Index down more than 10%.</p><p><img src=\"https://static.tigerbbs.com/1d64d8bd44d18251a1fda1e8b12ecb46\" tg-width=\"840\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/5f850e86fe7fb27d12fb615ddf37791e\" tg-width=\"839\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/c02c6d6caab6a76f0d630260ebf2547a\" tg-width=\"419\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/></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>Hong Kong Stock Market Plunged on Monday</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\">\nHong Kong Stock Market Plunged on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-14 15:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hong Kong stock market plunged on Monday, with the Hang Seng Index down more than 5% and the Hang Seng Tech Index down more than 10%.</p><p><img src=\"https://static.tigerbbs.com/1d64d8bd44d18251a1fda1e8b12ecb46\" tg-width=\"840\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/5f850e86fe7fb27d12fb615ddf37791e\" tg-width=\"839\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/c02c6d6caab6a76f0d630260ebf2547a\" tg-width=\"419\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172697400","content_text":"Hong Kong stock market plunged on Monday, with the Hang Seng Index down more than 5% and the Hang Seng Tech Index down more than 10%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094486299,"gmtCreate":1645220858242,"gmtModify":1676534009203,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"In this sort of market,&nbsp; stocks with negative earnings are punished severely. Probably more downside to come.&nbsp;","listText":"In this sort of market,&nbsp; stocks with negative earnings are punished severely. Probably more downside to come.&nbsp;","text":"In this sort of market, stocks with negative earnings are punished severely. Probably more downside to come.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094486299","repostId":"1194989459","repostType":2,"isVote":1,"tweetType":1,"viewCount":1605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063258841,"gmtCreate":1651480125259,"gmtModify":1676534913871,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a>Opportunity to buy!","listText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a>Opportunity to buy!","text":"$Amazon.com(AMZN)$Opportunity to buy!","images":[{"img":"https://community-static.tradeup.com/news/dacd5bf134bc2fc100189008cc283fe7","width":"1080","height":"3489"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063258841","isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9095642770,"gmtCreate":1644909730278,"gmtModify":1676533974753,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"There are other better alternatives eg Tencent or Baba.","listText":"There are other better alternatives eg Tencent or Baba.","text":"There are other better alternatives eg Tencent or Baba.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095642770","repostId":"2211686008","repostType":4,"repost":{"id":"2211686008","kind":"news","pubTimestamp":1644908201,"share":"https://ttm.financial/m/news/2211686008?lang=&edition=fundamental","pubTime":"2022-02-15 14:56","market":"us","language":"en","title":"Cathie Wood’s Ark Bought Sea Shares as Gaming Firm Plunged","url":"https://stock-news.laohu8.com/highlight/detail?id=2211686008","media":"Bloomberg","summary":"(Bloomberg) -- Cathie Wood took advantage of a record slump in Sea Ltd., snapping up more of the gam","content":"<html><head></head><body><p>(Bloomberg) -- Cathie Wood took advantage of a record slump in <a href=\"https://laohu8.com/S/SE\">Sea Ltd</a>., snapping up more of the gaming firm’s shares after India banned <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its products.</p><p>Wood’s thematic investing firm ARK Investment Management LLC bought more than 145,000 Sea shares on Monday, with the Ark Next Generation Internet ETF buying up the bulk, according to the firm’s daily trading updates compiled by Bloomberg. Sea closed down 18% in New York after India banned its marquee game Free Fire, extending a selloff in its shares to 65% from an Oct. 19 peak.</p><p>Analysts have cited a slowdown in gaming revenues, user growth and pressures on its e-commerce business among the factors weighing on Sea’s shares. India’s move to ban 54 apps due to security concerns, including Sea’s Free Fire, have only added to the headwinds.</p><p>“The ban certainly clouds Sea’s outlook a little, not just for gaming but e-commerce too,” said Bloomberg Intelligence analyst Nathan Naidu. He added that it also raised concerns about the firm’s ability to expand into new markets.</p><p>Ark has been accumulating Sea shares since the start of this year and the frequency of its purchases increased this month. Ark ETFs have bought Sea shares almost every day in February, Bloomberg-compiled data showed.</p><p>Sea -- founded in Singapore by Chinese-born founders who became Singaporean citizens -- has been growing its gaming and e-commerce business globally with early backing from Tencent Holdings Ltd., the largest shareholder of the company.</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>Cathie Wood’s Ark Bought Sea Shares as Gaming Firm Plunged</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\">\nCathie Wood’s Ark Bought Sea Shares as Gaming Firm Plunged\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-15 14:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cathie-wood-ark-bought-sea-045441291.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Cathie Wood took advantage of a record slump in Sea Ltd., snapping up more of the gaming firm’s shares after India banned one of its products.Wood’s thematic investing firm ARK ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cathie-wood-ark-bought-sea-045441291.html\">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","ARKK":"ARK Innovation ETF","BK4544":"ARK ETF合集"},"source_url":"https://finance.yahoo.com/news/cathie-wood-ark-bought-sea-045441291.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2211686008","content_text":"(Bloomberg) -- Cathie Wood took advantage of a record slump in Sea Ltd., snapping up more of the gaming firm’s shares after India banned one of its products.Wood’s thematic investing firm ARK Investment Management LLC bought more than 145,000 Sea shares on Monday, with the Ark Next Generation Internet ETF buying up the bulk, according to the firm’s daily trading updates compiled by Bloomberg. Sea closed down 18% in New York after India banned its marquee game Free Fire, extending a selloff in its shares to 65% from an Oct. 19 peak.Analysts have cited a slowdown in gaming revenues, user growth and pressures on its e-commerce business among the factors weighing on Sea’s shares. India’s move to ban 54 apps due to security concerns, including Sea’s Free Fire, have only added to the headwinds.“The ban certainly clouds Sea’s outlook a little, not just for gaming but e-commerce too,” said Bloomberg Intelligence analyst Nathan Naidu. He added that it also raised concerns about the firm’s ability to expand into new markets.Ark has been accumulating Sea shares since the start of this year and the frequency of its purchases increased this month. Ark ETFs have bought Sea shares almost every day in February, Bloomberg-compiled data showed.Sea -- founded in Singapore by Chinese-born founders who became Singaporean citizens -- has been growing its gaming and e-commerce business globally with early backing from Tencent Holdings Ltd., the largest shareholder of the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":732,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095642658,"gmtCreate":1644909626105,"gmtModify":1676533974735,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Temporary blips from this geo politics situation.&nbsp;","listText":"Temporary blips from this geo politics situation.&nbsp;","text":"Temporary blips from this geo politics situation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095642658","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",".DJI":"道琼斯","BK4550":"红杉资本持仓",".IXIC":"NASDAQ Composite","SPY":"标普500ETF","BK4504":"桥水持仓",".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":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030810884,"gmtCreate":1645677360022,"gmtModify":1676534052767,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Market is bearish now... be patient","listText":"Market is bearish now... be patient","text":"Market is bearish now... be patient","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030810884","repostId":"1182824138","repostType":4,"repost":{"id":"1182824138","kind":"news","pubTimestamp":1645667538,"share":"https://ttm.financial/m/news/1182824138?lang=&edition=fundamental","pubTime":"2022-02-24 09:52","market":"us","language":"en","title":"Sea Limited Offers Serious Upside Potential Following Normalization","url":"https://stock-news.laohu8.com/highlight/detail?id=1182824138","media":"investorplace","summary":"Should you take a crack at Sea Limited (NYSE:SE), the Singapore-based consumer internet firm that to","content":"<html><head></head><body><p>Should you take a crack at Sea Limited (NYSE:SE), the Singapore-based consumer internet firm that took off like a rocket during the new normal? Although there’s plenty to like for those with a patient outlook, most investors will probably want to keep the powder keg dry for a far superior entry point into SE stock.</p><p>Sea Limited was one of the more-discussed foreign investments even prior to the novel coronavirus pandemic. But SE stock truly came alive when the coronavirus forced countless numbers of workers into their homes. Thanks to the underlying emphasis on connected services, though, Sea Limited was among the lucky few entities that benefitted from the catastrophe.</p><p>However, now SE stock is down nearly 45% on a year-to-date (YTD) basis. In turn, investors who missed out on the first ticket to party down are doing some serious thinking. Fundamentally, the underlying narrative hasn’t changed. Instead, what did change were factors outside of Sea’s control, particularly blistering tensions in eastern Europe and the Federal Reserve’s rumored response to soaring consumer inflation.</p><p>Still, the problem is that SE stock is down 45% YTD. Whether by the underlying company’s own doing or by external factors, a security losing that much market value over a short period is always a cause for concern.</p><p>While I certainly don’t represent the final word on the discipline of technical analysis, presumably most adherents to the methodology would warn investors away from SE stock at the present juncture. Essentially, the current price action (following a devastating erosion) is too pensive, implying a lack of confidence among bulls to bolster SE stock shares.</p><p>Therefore, I’m not gung-ho about buying the security at the moment. But should the volatility finally dissipate, investors ought to consider switching sides.</p><h2>Compelling Market Undergirds SE Stock</h2><p>One of the lessons that we all learned about the recent geopolitical flashpoints that contributed to the global market meltdown is the liability of dependency. For instance, the primary reason why President Joe Biden’s administration is concerned about Russia’s possible planned invasion of Ukraine is that it sparks a new world order.</p><p>As New York Times columnist David Leonhardt wrote recently, “If the world is entering an era in which countries again make decisions based, above all, on what their military power allows them to do, it would be a big change.” In other words, forget laws, principles and treaties: if you’ve got the tanks and other military hardware, you can invade and colonize lesser-equipped nations at will.</p><p>Therefore, SE stock is one of the most holistic long-term plays available, in my humble opinion. For one thing, Southeast Asia is fertile ideological ground, with the U.S. and western allies having a clear opportunity to turn the region into a counterweight against China’s increasing influence on the world stage.</p><p>More importantly, Southeast Asia is perhaps the next big thing when it comes to global investing opportunities. According to data compiled by Statista.com, in 2021, “the internet economy size across Southeast Asia was valued at approximately 174 billion U.S. dollars. This was forecasted to increase dramatically by 2025, in which the internet economy in Southeast Asia was expected to reach 363 billion U.S. dollars.”</p><p>Of course, anyone can make projections. But the beautiful part for SE stock is that the overwhelming consensus calls for the region to command serious growth. As proof, Reuters noted that Southeast Asia’s internet economy could reach $1 trillion by 2030. Providing the impetus for such a forecast is increased embracement of online shopping and food delivery services.</p><h2>Play the Waiting Game</h2><p>Despite the lucrative potential that SE stock features, I’ll repeat the same principle mentioned above; basically, you don’t want to fight the tape. Whether it’s the Russia-Ukraine conflict, inflation, Covid-19 or some other headwind, Wall Street is very concerned about economic viability. Therefore, waiting it out for clarity would likely be the wisest move.</p><p>How far could shares tumble? I don’t want to sound alarmist but a return back to approximately the $60 level wouldn’t be out of the question if circumstances go awry. With everything going bonkers over the last two years, I’m in no hurry to make drastic moves with my money.</p><p>But once enough risk has been taken off the table and following a technical stabilization of SE stock, it would be one of my top speculative ideas to consider. Very simply, the forward-looking backdrop is too enticing to ignore.</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>Sea Limited Offers Serious Upside Potential Following Normalization</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 Offers Serious Upside Potential Following Normalization\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-24 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/se-stock-offers-serious-upside-potential-after-normalization/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Should you take a crack at Sea Limited (NYSE:SE), the Singapore-based consumer internet firm that took off like a rocket during the new normal? Although there’s plenty to like for those with a patient...</p>\n\n<a href=\"https://investorplace.com/2022/02/se-stock-offers-serious-upside-potential-after-normalization/\">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://investorplace.com/2022/02/se-stock-offers-serious-upside-potential-after-normalization/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182824138","content_text":"Should you take a crack at Sea Limited (NYSE:SE), the Singapore-based consumer internet firm that took off like a rocket during the new normal? Although there’s plenty to like for those with a patient outlook, most investors will probably want to keep the powder keg dry for a far superior entry point into SE stock.Sea Limited was one of the more-discussed foreign investments even prior to the novel coronavirus pandemic. But SE stock truly came alive when the coronavirus forced countless numbers of workers into their homes. Thanks to the underlying emphasis on connected services, though, Sea Limited was among the lucky few entities that benefitted from the catastrophe.However, now SE stock is down nearly 45% on a year-to-date (YTD) basis. In turn, investors who missed out on the first ticket to party down are doing some serious thinking. Fundamentally, the underlying narrative hasn’t changed. Instead, what did change were factors outside of Sea’s control, particularly blistering tensions in eastern Europe and the Federal Reserve’s rumored response to soaring consumer inflation.Still, the problem is that SE stock is down 45% YTD. Whether by the underlying company’s own doing or by external factors, a security losing that much market value over a short period is always a cause for concern.While I certainly don’t represent the final word on the discipline of technical analysis, presumably most adherents to the methodology would warn investors away from SE stock at the present juncture. Essentially, the current price action (following a devastating erosion) is too pensive, implying a lack of confidence among bulls to bolster SE stock shares.Therefore, I’m not gung-ho about buying the security at the moment. But should the volatility finally dissipate, investors ought to consider switching sides.Compelling Market Undergirds SE StockOne of the lessons that we all learned about the recent geopolitical flashpoints that contributed to the global market meltdown is the liability of dependency. For instance, the primary reason why President Joe Biden’s administration is concerned about Russia’s possible planned invasion of Ukraine is that it sparks a new world order.As New York Times columnist David Leonhardt wrote recently, “If the world is entering an era in which countries again make decisions based, above all, on what their military power allows them to do, it would be a big change.” In other words, forget laws, principles and treaties: if you’ve got the tanks and other military hardware, you can invade and colonize lesser-equipped nations at will.Therefore, SE stock is one of the most holistic long-term plays available, in my humble opinion. For one thing, Southeast Asia is fertile ideological ground, with the U.S. and western allies having a clear opportunity to turn the region into a counterweight against China’s increasing influence on the world stage.More importantly, Southeast Asia is perhaps the next big thing when it comes to global investing opportunities. According to data compiled by Statista.com, in 2021, “the internet economy size across Southeast Asia was valued at approximately 174 billion U.S. dollars. This was forecasted to increase dramatically by 2025, in which the internet economy in Southeast Asia was expected to reach 363 billion U.S. dollars.”Of course, anyone can make projections. But the beautiful part for SE stock is that the overwhelming consensus calls for the region to command serious growth. As proof, Reuters noted that Southeast Asia’s internet economy could reach $1 trillion by 2030. Providing the impetus for such a forecast is increased embracement of online shopping and food delivery services.Play the Waiting GameDespite the lucrative potential that SE stock features, I’ll repeat the same principle mentioned above; basically, you don’t want to fight the tape. Whether it’s the Russia-Ukraine conflict, inflation, Covid-19 or some other headwind, Wall Street is very concerned about economic viability. Therefore, waiting it out for clarity would likely be the wisest move.How far could shares tumble? I don’t want to sound alarmist but a return back to approximately the $60 level wouldn’t be out of the question if circumstances go awry. With everything going bonkers over the last two years, I’m in no hurry to make drastic moves with my money.But once enough risk has been taken off the table and following a technical stabilization of SE stock, it would be one of my top speculative ideas to consider. Very simply, the forward-looking backdrop is too enticing to ignore.","news_type":1},"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092783774,"gmtCreate":1644729989453,"gmtModify":1676533957497,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Good. Up for a change.&nbsp;","listText":"Good. Up for a change.&nbsp;","text":"Good. Up for a change.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092783774","repostId":"2210168525","repostType":4,"repost":{"id":"2210168525","kind":"news","pubTimestamp":1644626552,"share":"https://ttm.financial/m/news/2210168525?lang=&edition=fundamental","pubTime":"2022-02-12 08:42","market":"us","language":"en","title":"Credo Tech Shares Pop After Completing Its IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2210168525","media":"Benzinga","summary":"Credo Technology Group Holding Ltd (NASDAQ: CRDO) completed an initial public offering of 20 million","content":"<html><head></head><body><ul><li><b>Credo Technology Group Holding Ltd</b> (NASDAQ: CRDO) completed an initial public offering of 20 million shares at $10.00 per share.</li><li>The company raised $183.8 million from the offering.</li><li>The underwriters had a 30-day option to purchase additional shares up to 3 million.</li><li>On February 7, the underwriters exercised the option to purchase additional shares in total.</li><li>Credo delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.</li><li><b>Price Action:</b> CRDO shares traded higher by 3.92% at $15.79 on the last check Friday.</li></ul></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>Credo Tech Shares Pop After Completing Its 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\">\nCredo Tech Shares Pop After Completing Its IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-12 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/credo-tech-shares-pop-completing-201032140.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Credo Technology Group Holding Ltd (NASDAQ: CRDO) completed an initial public offering of 20 million shares at $10.00 per share.The company raised $183.8 million from the offering.The underwriters had...</p>\n\n<a href=\"https://finance.yahoo.com/news/credo-tech-shares-pop-completing-201032140.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRDO":"Credo Technology Group Holding Ltd","IPO":"Renaissance IPO ETF"},"source_url":"https://finance.yahoo.com/news/credo-tech-shares-pop-completing-201032140.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2210168525","content_text":"Credo Technology Group Holding Ltd (NASDAQ: CRDO) completed an initial public offering of 20 million shares at $10.00 per share.The company raised $183.8 million from the offering.The underwriters had a 30-day option to purchase additional shares up to 3 million.On February 7, the underwriters exercised the option to purchase additional shares in total.Credo delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.Price Action: CRDO shares traded higher by 3.92% at $15.79 on the last check Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038441695,"gmtCreate":1646901765370,"gmtModify":1676534175081,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Thanks.&nbsp; At most it's a trading buy currently.&nbsp;","listText":"Thanks.&nbsp; At most it's a trading buy currently.&nbsp;","text":"Thanks. At most it's a trading buy currently.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038441695","repostId":"1180018427","repostType":2,"repost":{"id":"1180018427","kind":"news","pubTimestamp":1646877624,"share":"https://ttm.financial/m/news/1180018427?lang=&edition=fundamental","pubTime":"2022-03-10 10:00","market":"us","language":"en","title":"Grab Stock: Celebrate Strong Results, But Read the Bottom Line","url":"https://stock-news.laohu8.com/highlight/detail?id=1180018427","media":"InvestorPlace","summary":"Southeast Asian ride-hailing and delivery company Grab Holdings (NASDAQ:GRAB) is headquartered in Si","content":"<html><head></head><body><p>Southeast Asian ride-hailing and delivery company <b>Grab Holdings</b> (NASDAQ:<b><u>GRAB</u></b>) is headquartered in Singapore and provides a “super-app.” If you’re just now learning about the company, you might be tempted to own GRAB stock as an intriguing international investment.</p><p>It’s easy to see why Grab Holdings describes its app as “super.” Local app users can get food, medications, flowers and other goods delivered quickly and conveniently.</p><p>This certainly sounds like a terrific business model, and a great way to get exposure to Asian e-commerce. However, the recent performance of GRAB stock has been less than stellar.</p><p>So, investors are faced with a billion-dollar question. Is Wall Street wrong in its assessment of Grab Holdings? Before you jump into the trade, you’ll definitely want to consider the company’s fiscal stats.</p><p>As it turns out, some of the data points look great, while others raise major red flags.</p><p>A Closer Look at GRAB Stock</p><p>Grab Holdingsmade its debut on the <b>Nasdaq</b> on Dec. 2 after the company reverse-merged with blank-check company Altimeter Growth Corp.</p><p>The stock started off near $9, and it hit the $17 resistance level twice: once in January 2021, and another time in November of that year. Therefore, that’s a price level to keep an eye on and, potentially, a place to consider taking profits.</p><p>Yet, GRAB stock might not revisit $17 for a long time. After topping out at $17.15 in November, the stock dove below $4, shaking many shareholders out of the trade.</p><p>Breaking below the $5 level is significant. Some traders will informally classify a stock that represents a small company and trades for less than $5 per share as a penny stock.</p><p>Can GRAB stock escape from Penny Stock Land? The answer may depend on the company’s financials, which are a mix of good and not-so-good.</p><p>An Irrational Response?</p><p>On March 3, Grab Holdings released its fourth-quarter and full-year 2021fiscal results. As you might expect, this was a high-stakes press release.</p><p>After the results were disclosed, GRAB stock fell sharply, from more than $5 to less than $4. At first glance, one might be tempted to conclude that this was an irrational response from nervous investors.</p><p>Notably, Grab Holdings’ full-year 2021 gross merchandise value (GMV) grew 29% year-over-year, reaching $16.1 billion and marking a record year for the company.</p><p>Not only that, but the company’s full-year 2021 revenue increased 44% year-over-year to $675 million. Plus, in 2021’s fourth quarter, Grab Holdings grew its GMV by 26% year-over-year to $4.5 billion, thereby producing four consecutive record quarters for the company.</p><p>Furthermore, Grab Holdings’ Q4 2021 average spend per user increased 23% year-over-year to $173. So far, it seems like the company has been firing on all cylinders.</p><p>Here’s the Bad News</p><p>Unfortunately, Grab Holdings’ financial performance has been far from perfect.</p><p>Why did investors dump their GRAB stock shares? Perhaps it was because the company reported a 44% year-over-year revenue decline in Q4 2021.</p><p>In defense of this disappointing result, Grab Holdings cited an increase in consumer incentives for mobility and deliveries. The company also pointed to investments in “driver supply to support strong recovery in mobility demand.”</p><p>The fourth-quarter revenue decline wasn’t the only problem, though. Turning to the bottom-line results, Grab Holdings’ full-year 2021 earnings loss widened by 30% to $3.555 billion, while the company’s Q4 2021 earnings loss increased 73% to $1.1 billion.</p><p>It’s understandable if Grab Holdings wants to spend money on consumer incentives and “driver supply.” However, given the company’s lack of profitability, Grab Holdings should consider cutting back its expenditures.</p><p>The Bottom Line</p><p>After viewing the full picture, including the company’s widening earnings loss, we can see why the GRAB stock price dropped.</p><p>Is it a good time to pick up some shares at a discount? The most cautious strategy would probably be to wait and see if Grab Holdings plans to cut back on its spending.</p><p>Unless/until that happens, it’s not a bad idea to stay on the sidelines and keep an eye out for further developments.</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>Grab Stock: Celebrate Strong Results, But Read the Bottom Line</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\">\nGrab Stock: Celebrate Strong Results, But Read the Bottom Line\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-10 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/grab-stock-celebrate-strong-results-but-read-the-bottom-line/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeast Asian ride-hailing and delivery company Grab Holdings (NASDAQ:GRAB) is headquartered in Singapore and provides a “super-app.” If you’re just now learning about the company, you might be ...</p>\n\n<a href=\"https://investorplace.com/2022/03/grab-stock-celebrate-strong-results-but-read-the-bottom-line/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://investorplace.com/2022/03/grab-stock-celebrate-strong-results-but-read-the-bottom-line/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180018427","content_text":"Southeast Asian ride-hailing and delivery company Grab Holdings (NASDAQ:GRAB) is headquartered in Singapore and provides a “super-app.” If you’re just now learning about the company, you might be tempted to own GRAB stock as an intriguing international investment.It’s easy to see why Grab Holdings describes its app as “super.” Local app users can get food, medications, flowers and other goods delivered quickly and conveniently.This certainly sounds like a terrific business model, and a great way to get exposure to Asian e-commerce. However, the recent performance of GRAB stock has been less than stellar.So, investors are faced with a billion-dollar question. Is Wall Street wrong in its assessment of Grab Holdings? Before you jump into the trade, you’ll definitely want to consider the company’s fiscal stats.As it turns out, some of the data points look great, while others raise major red flags.A Closer Look at GRAB StockGrab Holdingsmade its debut on the Nasdaq on Dec. 2 after the company reverse-merged with blank-check company Altimeter Growth Corp.The stock started off near $9, and it hit the $17 resistance level twice: once in January 2021, and another time in November of that year. Therefore, that’s a price level to keep an eye on and, potentially, a place to consider taking profits.Yet, GRAB stock might not revisit $17 for a long time. After topping out at $17.15 in November, the stock dove below $4, shaking many shareholders out of the trade.Breaking below the $5 level is significant. Some traders will informally classify a stock that represents a small company and trades for less than $5 per share as a penny stock.Can GRAB stock escape from Penny Stock Land? The answer may depend on the company’s financials, which are a mix of good and not-so-good.An Irrational Response?On March 3, Grab Holdings released its fourth-quarter and full-year 2021fiscal results. As you might expect, this was a high-stakes press release.After the results were disclosed, GRAB stock fell sharply, from more than $5 to less than $4. At first glance, one might be tempted to conclude that this was an irrational response from nervous investors.Notably, Grab Holdings’ full-year 2021 gross merchandise value (GMV) grew 29% year-over-year, reaching $16.1 billion and marking a record year for the company.Not only that, but the company’s full-year 2021 revenue increased 44% year-over-year to $675 million. Plus, in 2021’s fourth quarter, Grab Holdings grew its GMV by 26% year-over-year to $4.5 billion, thereby producing four consecutive record quarters for the company.Furthermore, Grab Holdings’ Q4 2021 average spend per user increased 23% year-over-year to $173. So far, it seems like the company has been firing on all cylinders.Here’s the Bad NewsUnfortunately, Grab Holdings’ financial performance has been far from perfect.Why did investors dump their GRAB stock shares? Perhaps it was because the company reported a 44% year-over-year revenue decline in Q4 2021.In defense of this disappointing result, Grab Holdings cited an increase in consumer incentives for mobility and deliveries. The company also pointed to investments in “driver supply to support strong recovery in mobility demand.”The fourth-quarter revenue decline wasn’t the only problem, though. Turning to the bottom-line results, Grab Holdings’ full-year 2021 earnings loss widened by 30% to $3.555 billion, while the company’s Q4 2021 earnings loss increased 73% to $1.1 billion.It’s understandable if Grab Holdings wants to spend money on consumer incentives and “driver supply.” However, given the company’s lack of profitability, Grab Holdings should consider cutting back its expenditures.The Bottom LineAfter viewing the full picture, including the company’s widening earnings loss, we can see why the GRAB stock price dropped.Is it a good time to pick up some shares at a discount? The most cautious strategy would probably be to wait and see if Grab Holdings plans to cut back on its spending.Unless/until that happens, it’s not a bad idea to stay on the sidelines and keep an eye out for further developments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293934807777440,"gmtCreate":1712792886260,"gmtModify":1712799822756,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$ </a> Target price is $10. Trump has too many court cases going on at the same time. In particular,&nbsp; his trial on the hush money to a porn star will begin on April 15. This case will likely convict him. So the risk of the stock spiraling down is very high. Furthermore there is no real fundamentals to this stock. Hence no real support there,&nbsp; and once Trump supporters stop buying,&nbsp; the share will tumble down to at least $10.","listText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$ </a> Target price is $10. Trump has too many court cases going on at the same time. In particular,&nbsp; his trial on the hush money to a porn star will begin on April 15. This case will likely convict him. So the risk of the stock spiraling down is very high. Furthermore there is no real fundamentals to this stock. Hence no real support there,&nbsp; and once Trump supporters stop buying,&nbsp; the share will tumble down to at least $10.","text":"$Trump Media & Technology(DJT)$ Target price is $10. Trump has too many court cases going on at the same time. In particular, his trial on the hush money to a porn star will begin on April 15. This case will likely convict him. So the risk of the stock spiraling down is very high. Furthermore there is no real fundamentals to this stock. Hence no real support there, and once Trump supporters stop buying, the share will tumble down to at least $10.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293934807777440","isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021808016,"gmtCreate":1653020264335,"gmtModify":1676535210022,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Unfortunately have to agree with you.&nbsp;","listText":"Unfortunately have to agree with you.&nbsp;","text":"Unfortunately have to agree with you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021808016","repostId":"2236670897","repostType":4,"repost":{"id":"2236670897","kind":"news","pubTimestamp":1653011211,"share":"https://ttm.financial/m/news/2236670897?lang=&edition=fundamental","pubTime":"2022-05-20 09:46","market":"us","language":"en","title":"Apple: Be Careful, There's A Lot More Downside Risk","url":"https://stock-news.laohu8.com/highlight/detail?id=2236670897","media":"Seekingalpha","summary":"SummaryApple is a fundamentally strong company that will generate some business growth in the coming","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple is a fundamentally strong company that will generate some business growth in the coming years.</li><li>The huge baseline means that relative growth won&#39;t be too strong, and at the same time, AAPL&#39;s buybacks are way less effective than they used to be.</li><li>AAPL shares have sold off considerably, but they are still far from cheap. In fact, another 30% share price drop could bring the valuation to the long-term average.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/155c5440be53b77f03e11163375aa17c\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>24K-Production/iStock via Getty Images</span></p><p><b>Article Thesis</b></p><p>Apple (NASDAQ:AAPL) is a fundamentally strong company, but its growth is not outrageously high. At the same time, shares trade well above the historical norm, which makes its buybacks less effective and which results in multiplecompression risk. Over the last couple of months, Apple has already seen its shares pull back considerably. Depending on where rates are headed, shares could fall further, however.</p><p><b>Apple Has A Strong Business, But Not Too Much Growth</b></p><p>Looking at Apple&#39;s fundamentals, we can say that this is clearly a strong company. Not only does Apple have a great balance sheet with ample cash resources, but Apple also operates with attractive margins and returns on capital.</p><p>During the last four quarters, Apple&#39;s net margin was 26%. That does not only mean that Apple generates a hefty amount of profit for every additional sale it makes, but Apple&#39;s margins also are reducing risks in times of inflation. Some companies have already seen their margins compress due to the current high-inflation environment. That is way more dangerous for companies with low margins, as a 200-basis point margin hit would cut profits in half for a company with a 4% net margin. Apple, in the same scenario, would see its profits decline by less than 10%, which means that high-margin businesses such as Apple are lower-risk investments in times such as these.</p><p>A high-quality company isn&#39;t necessarily a high-growth company, however. In Apple&#39;s case, the enormous baseline means that growing the business further is far from easy. A company that generates annual revenue of close to $400 billion needs to add billions of dollars in revenue every year just for a paltry 1% revenue growth rate. If the company wants a 5% growth rate, which is solid but far from spectacular, $20 billion in additional sales during a single year are required. Price increases for its hardware products such as the iPhone, iPad, Mac, etc. help drive some revenue growth in the long run, but volume growth is not too much of a tailwind. After all, most people that want a smartphone or a tablet already have one and replacing existing ones does not lead to long-term volume growth. Apple&#39;s services business has generated above-average growth in recent years, but that will likely not be enough to lead to great business growth in the long run. After all, even when Apple rolls out new services over time that add a billion in revenue or two, that barely moves the needle for a $400 billion-a-year giant.</p><p>Not too surprisingly, Apple&#39;s forecasted revenue growth is thus not overly strong:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b34d4d22439ea64352caf9220cffbb8b\" tg-width=\"640\" tg-height=\"146\" width=\"100%\" height=\"auto\"/><span>AAPL revenue growth forecast (Source: Seeking Alpha)</span></p><p>Growth during the current year is forecasted at a little less than 8%, partially made possible thanks to a still somewhat easy comparison to the pandemic-impacted quarters last year. Beyond the current year, growth is forecasted to decelerate meaningfully, however, to just 5% in 2023 and 4% in 2024-2025.</p><p>Earnings per share growth is not only coming from revenue growth, of course. Margin expansion can boost earnings further, but due to Apple&#39;s already very high margins and due to inflationary pressures in all kinds of products and commodities, it seems doubtful whether Apple will be able to boost its margins dramatically from the already very elevated level.</p><p>Last but not least, buybacks can result in earnings per share growing faster than the company&#39;s overall net profits. That has been the case for Apple for many years, and it will likely hold true in the future as well. Unfortunately, Apple&#39;s buybacks have become a lot less efficient over time. Between May 2013 and May 2020, Apple&#39;s share count declined by 32%, which pencils out to a 5.4% annual reduction rate (CAGR). Over the last two years, however, Apple has only reduced its share count by 4.8%:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2f8fa0d831de491cef772ea0668d8b1\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>The annual share count reduction pace in that time frame was thus just 2.4%, or significantly less than half the buyback pace seen over the previous seven years. That is not the result of a reduction in Apple&#39;s absolute buyback spending. Instead, Apple&#39;s shares have become way more expensive than they used to be over the last decade, which has made buybacks less efficient - naturally, buying back shares when they are cheap is more impactful than buying back shares when they are expensive.</p><p>Since Apple&#39;s shares are still very pricey when compared to the historical norm, we can expect that Apple&#39;s buybacks will continue to lack behind the historic average in relative terms. The earnings per share growth tailwinds from buybacks should thus continue to underwhelm going forward, compared to the way more pronounced buyback impact we have seen in prior years when Apple was able to scoop up shares at a way lower valuation.</p><p>Due to the baseline effect/law of large numbers that makes maintaining a lot of business growth difficult, and due to the fact that smartphones, PCs, and so on aren&#39;t really a growth industry, combined with a weak impact from buybacks, Apple is thus not expected to grow its earnings per share very much going forward. I still do expect that Apple will generate a solid earnings per share growth pace in the long run, but not an exciting one.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18547e21264db45381f14fec12e30f17\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Over the last decade, Apple has grown its earnings per share by a huge 305%. That pencils out to an annual earnings per share growth rate of 15.0%. Going forward, the analyst community is predicting earnings per share growth that is roughly half as high:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c0e4b495e8312d0585f3bd55eb891d6\" tg-width=\"640\" tg-height=\"296\" width=\"100%\" height=\"auto\"/><span>AAPL EPS growth forecast (Source: Seeking Alpha)</span></p><p>We see expected EPS growth of 10% this year, while earnings per share growth is forecasted to decelerate to as low as 4% in the years beyond 2022. Overall, earnings per share are forecasted to rise by just 80% over the coming nine years, while Apple roughly quadrupled its EPS over the last ten years. Clearly, growth in the coming years will likely be way lower than it used to be in the past. That is not necessarily a disaster. In fact, growth deceleration over time has to be expected as companies mature eventually. The lower future growth should be reflected in the company&#39;s valuation, however, and that does not seem to be the case at all.</p><p><b>AAPL Stock: Expensive By Historical Standards</b></p><p>Right now, Apple is trading for $141 per share, which is down by 23% from the 52-week high. But that has by far not made Apple into a cheap stock:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d84af723e478e338c15dddd6434ab26\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>In the above chart, we see that Apple is now trading for 23x forward net profits, while the 10-year median earnings multiple is 16.4. In other words, Apple is still trading at a 40% premium compared to how shares were valued, on average, in the past. Looking at the company&#39;s enterprise value to EBITDA multiple, which accounts for changes in net cash due to using EV, the premium versus the historical valuation is even more pronounced. At a 19x forward EV/EBITDA multiple, Apple is trading at a premium of almost 80% compared to the 10-year median EV/EBITDA ratio of 10.6.</p><p>We can thus summarize that Apple&#39;s current valuation is still way higher than it was, on average, over the last decade - despite the 20%+ share price decline since the company peaked earlier this year. At the same time, Apple&#39;s expected revenue and earnings per share growth rate for the coming years is way<i>lower</i>than the growth the company has delivered over the last decade. A way higher valuation for a company that will be delivering way less growth in the coming years does not seem like an attractive investment proposal to me.</p><p>Another way to look at Apple&#39;s valuation is a comparison between its earnings yield and the US Treasury yield:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cf71cfbf6927b0cbc348428cff0fb3b\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>We see that Apple&#39;s earnings yield is currently 1.1% higher than the 10-year treasury rate. Historically, the risk premium has been much larger, often around 3%, but even higher at times. We can thus say that, relative to risk-free investments (treasuries), Apple has become more expensive over the last couple of years, as its spread has dwindled. That does not necessarily mean that Treasuries are a better investment. But it seems clear that Apple has been getting way more expensive in recent years, as investors bid up its shares further and further, pushing the yield spread versus risk-free investments lower and lower.</p><p><b>What It Means</b></p><p>The combination of these factors means that Apple could have considerably more downside potential. The company, which will most likely not grow as much in the future as it did in the past, could see its shares fall by another 30%, and it would still not be cheap by historical standards. Instead, Apple would be trading perfectly in line with its 10-year median earnings multiple of 16 in that scenario. Apple&#39;s shares are not as overvalued as they were when they traded at $160, $170, or even higher. But even at $141, AAPL is still very clearly on the expensive side by historical standards. With interest rates rising, which is a clear negative for equity valuations, Apple has considerably more downside risk. That will not necessarily materialize, but investors should at least know that buying Apple at $141, and at an earnings multiple well above 20 is far from a value pick. Apple was a great value pick when it traded at earnings multiples of 10-15 years ago. But today, even following a sizeable downturn in recent months, AAPL is still pricey.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Be Careful, There's A Lot More Downside Risk</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: Be Careful, There's A Lot More Downside Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 09:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple is a fundamentally strong company that will generate some business growth in the coming years.The huge baseline means that relative growth won't be too strong, and at the same time, AAPL'...</p>\n\n<a href=\"https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2236670897","content_text":"SummaryApple is a fundamentally strong company that will generate some business growth in the coming years.The huge baseline means that relative growth won't be too strong, and at the same time, AAPL's buybacks are way less effective than they used to be.AAPL shares have sold off considerably, but they are still far from cheap. In fact, another 30% share price drop could bring the valuation to the long-term average.24K-Production/iStock via Getty ImagesArticle ThesisApple (NASDAQ:AAPL) is a fundamentally strong company, but its growth is not outrageously high. At the same time, shares trade well above the historical norm, which makes its buybacks less effective and which results in multiplecompression risk. Over the last couple of months, Apple has already seen its shares pull back considerably. Depending on where rates are headed, shares could fall further, however.Apple Has A Strong Business, But Not Too Much GrowthLooking at Apple's fundamentals, we can say that this is clearly a strong company. Not only does Apple have a great balance sheet with ample cash resources, but Apple also operates with attractive margins and returns on capital.During the last four quarters, Apple's net margin was 26%. That does not only mean that Apple generates a hefty amount of profit for every additional sale it makes, but Apple's margins also are reducing risks in times of inflation. Some companies have already seen their margins compress due to the current high-inflation environment. That is way more dangerous for companies with low margins, as a 200-basis point margin hit would cut profits in half for a company with a 4% net margin. Apple, in the same scenario, would see its profits decline by less than 10%, which means that high-margin businesses such as Apple are lower-risk investments in times such as these.A high-quality company isn't necessarily a high-growth company, however. In Apple's case, the enormous baseline means that growing the business further is far from easy. A company that generates annual revenue of close to $400 billion needs to add billions of dollars in revenue every year just for a paltry 1% revenue growth rate. If the company wants a 5% growth rate, which is solid but far from spectacular, $20 billion in additional sales during a single year are required. Price increases for its hardware products such as the iPhone, iPad, Mac, etc. help drive some revenue growth in the long run, but volume growth is not too much of a tailwind. After all, most people that want a smartphone or a tablet already have one and replacing existing ones does not lead to long-term volume growth. Apple's services business has generated above-average growth in recent years, but that will likely not be enough to lead to great business growth in the long run. After all, even when Apple rolls out new services over time that add a billion in revenue or two, that barely moves the needle for a $400 billion-a-year giant.Not too surprisingly, Apple's forecasted revenue growth is thus not overly strong:AAPL revenue growth forecast (Source: Seeking Alpha)Growth during the current year is forecasted at a little less than 8%, partially made possible thanks to a still somewhat easy comparison to the pandemic-impacted quarters last year. Beyond the current year, growth is forecasted to decelerate meaningfully, however, to just 5% in 2023 and 4% in 2024-2025.Earnings per share growth is not only coming from revenue growth, of course. Margin expansion can boost earnings further, but due to Apple's already very high margins and due to inflationary pressures in all kinds of products and commodities, it seems doubtful whether Apple will be able to boost its margins dramatically from the already very elevated level.Last but not least, buybacks can result in earnings per share growing faster than the company's overall net profits. That has been the case for Apple for many years, and it will likely hold true in the future as well. Unfortunately, Apple's buybacks have become a lot less efficient over time. Between May 2013 and May 2020, Apple's share count declined by 32%, which pencils out to a 5.4% annual reduction rate (CAGR). Over the last two years, however, Apple has only reduced its share count by 4.8%:Data by YChartsThe annual share count reduction pace in that time frame was thus just 2.4%, or significantly less than half the buyback pace seen over the previous seven years. That is not the result of a reduction in Apple's absolute buyback spending. Instead, Apple's shares have become way more expensive than they used to be over the last decade, which has made buybacks less efficient - naturally, buying back shares when they are cheap is more impactful than buying back shares when they are expensive.Since Apple's shares are still very pricey when compared to the historical norm, we can expect that Apple's buybacks will continue to lack behind the historic average in relative terms. The earnings per share growth tailwinds from buybacks should thus continue to underwhelm going forward, compared to the way more pronounced buyback impact we have seen in prior years when Apple was able to scoop up shares at a way lower valuation.Due to the baseline effect/law of large numbers that makes maintaining a lot of business growth difficult, and due to the fact that smartphones, PCs, and so on aren't really a growth industry, combined with a weak impact from buybacks, Apple is thus not expected to grow its earnings per share very much going forward. I still do expect that Apple will generate a solid earnings per share growth pace in the long run, but not an exciting one.Data by YChartsOver the last decade, Apple has grown its earnings per share by a huge 305%. That pencils out to an annual earnings per share growth rate of 15.0%. Going forward, the analyst community is predicting earnings per share growth that is roughly half as high:AAPL EPS growth forecast (Source: Seeking Alpha)We see expected EPS growth of 10% this year, while earnings per share growth is forecasted to decelerate to as low as 4% in the years beyond 2022. Overall, earnings per share are forecasted to rise by just 80% over the coming nine years, while Apple roughly quadrupled its EPS over the last ten years. Clearly, growth in the coming years will likely be way lower than it used to be in the past. That is not necessarily a disaster. In fact, growth deceleration over time has to be expected as companies mature eventually. The lower future growth should be reflected in the company's valuation, however, and that does not seem to be the case at all.AAPL Stock: Expensive By Historical StandardsRight now, Apple is trading for $141 per share, which is down by 23% from the 52-week high. But that has by far not made Apple into a cheap stock:Data by YChartsIn the above chart, we see that Apple is now trading for 23x forward net profits, while the 10-year median earnings multiple is 16.4. In other words, Apple is still trading at a 40% premium compared to how shares were valued, on average, in the past. Looking at the company's enterprise value to EBITDA multiple, which accounts for changes in net cash due to using EV, the premium versus the historical valuation is even more pronounced. At a 19x forward EV/EBITDA multiple, Apple is trading at a premium of almost 80% compared to the 10-year median EV/EBITDA ratio of 10.6.We can thus summarize that Apple's current valuation is still way higher than it was, on average, over the last decade - despite the 20%+ share price decline since the company peaked earlier this year. At the same time, Apple's expected revenue and earnings per share growth rate for the coming years is waylowerthan the growth the company has delivered over the last decade. A way higher valuation for a company that will be delivering way less growth in the coming years does not seem like an attractive investment proposal to me.Another way to look at Apple's valuation is a comparison between its earnings yield and the US Treasury yield:Data by YChartsWe see that Apple's earnings yield is currently 1.1% higher than the 10-year treasury rate. Historically, the risk premium has been much larger, often around 3%, but even higher at times. We can thus say that, relative to risk-free investments (treasuries), Apple has become more expensive over the last couple of years, as its spread has dwindled. That does not necessarily mean that Treasuries are a better investment. But it seems clear that Apple has been getting way more expensive in recent years, as investors bid up its shares further and further, pushing the yield spread versus risk-free investments lower and lower.What It MeansThe combination of these factors means that Apple could have considerably more downside potential. The company, which will most likely not grow as much in the future as it did in the past, could see its shares fall by another 30%, and it would still not be cheap by historical standards. Instead, Apple would be trading perfectly in line with its 10-year median earnings multiple of 16 in that scenario. Apple's shares are not as overvalued as they were when they traded at $160, $170, or even higher. But even at $141, AAPL is still very clearly on the expensive side by historical standards. With interest rates rising, which is a clear negative for equity valuations, Apple has considerably more downside risk. That will not necessarily materialize, but investors should at least know that buying Apple at $141, and at an earnings multiple well above 20 is far from a value pick. Apple was a great value pick when it traded at earnings multiples of 10-15 years ago. But today, even following a sizeable downturn in recent months, AAPL is still pricey.","news_type":1},"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021150509,"gmtCreate":1653015690301,"gmtModify":1676535209153,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Good insight.&nbsp; Thanks.&nbsp;","listText":"Good insight.&nbsp; Thanks.&nbsp;","text":"Good insight. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021150509","repostId":"2236670897","repostType":2,"repost":{"id":"2236670897","kind":"news","pubTimestamp":1653011211,"share":"https://ttm.financial/m/news/2236670897?lang=&edition=fundamental","pubTime":"2022-05-20 09:46","market":"us","language":"en","title":"Apple: Be Careful, There's A Lot More Downside Risk","url":"https://stock-news.laohu8.com/highlight/detail?id=2236670897","media":"Seekingalpha","summary":"SummaryApple is a fundamentally strong company that will generate some business growth in the coming","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple is a fundamentally strong company that will generate some business growth in the coming years.</li><li>The huge baseline means that relative growth won&#39;t be too strong, and at the same time, AAPL&#39;s buybacks are way less effective than they used to be.</li><li>AAPL shares have sold off considerably, but they are still far from cheap. In fact, another 30% share price drop could bring the valuation to the long-term average.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/155c5440be53b77f03e11163375aa17c\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>24K-Production/iStock via Getty Images</span></p><p><b>Article Thesis</b></p><p>Apple (NASDAQ:AAPL) is a fundamentally strong company, but its growth is not outrageously high. At the same time, shares trade well above the historical norm, which makes its buybacks less effective and which results in multiplecompression risk. Over the last couple of months, Apple has already seen its shares pull back considerably. Depending on where rates are headed, shares could fall further, however.</p><p><b>Apple Has A Strong Business, But Not Too Much Growth</b></p><p>Looking at Apple&#39;s fundamentals, we can say that this is clearly a strong company. Not only does Apple have a great balance sheet with ample cash resources, but Apple also operates with attractive margins and returns on capital.</p><p>During the last four quarters, Apple&#39;s net margin was 26%. That does not only mean that Apple generates a hefty amount of profit for every additional sale it makes, but Apple&#39;s margins also are reducing risks in times of inflation. Some companies have already seen their margins compress due to the current high-inflation environment. That is way more dangerous for companies with low margins, as a 200-basis point margin hit would cut profits in half for a company with a 4% net margin. Apple, in the same scenario, would see its profits decline by less than 10%, which means that high-margin businesses such as Apple are lower-risk investments in times such as these.</p><p>A high-quality company isn&#39;t necessarily a high-growth company, however. In Apple&#39;s case, the enormous baseline means that growing the business further is far from easy. A company that generates annual revenue of close to $400 billion needs to add billions of dollars in revenue every year just for a paltry 1% revenue growth rate. If the company wants a 5% growth rate, which is solid but far from spectacular, $20 billion in additional sales during a single year are required. Price increases for its hardware products such as the iPhone, iPad, Mac, etc. help drive some revenue growth in the long run, but volume growth is not too much of a tailwind. After all, most people that want a smartphone or a tablet already have one and replacing existing ones does not lead to long-term volume growth. Apple&#39;s services business has generated above-average growth in recent years, but that will likely not be enough to lead to great business growth in the long run. After all, even when Apple rolls out new services over time that add a billion in revenue or two, that barely moves the needle for a $400 billion-a-year giant.</p><p>Not too surprisingly, Apple&#39;s forecasted revenue growth is thus not overly strong:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b34d4d22439ea64352caf9220cffbb8b\" tg-width=\"640\" tg-height=\"146\" width=\"100%\" height=\"auto\"/><span>AAPL revenue growth forecast (Source: Seeking Alpha)</span></p><p>Growth during the current year is forecasted at a little less than 8%, partially made possible thanks to a still somewhat easy comparison to the pandemic-impacted quarters last year. Beyond the current year, growth is forecasted to decelerate meaningfully, however, to just 5% in 2023 and 4% in 2024-2025.</p><p>Earnings per share growth is not only coming from revenue growth, of course. Margin expansion can boost earnings further, but due to Apple&#39;s already very high margins and due to inflationary pressures in all kinds of products and commodities, it seems doubtful whether Apple will be able to boost its margins dramatically from the already very elevated level.</p><p>Last but not least, buybacks can result in earnings per share growing faster than the company&#39;s overall net profits. That has been the case for Apple for many years, and it will likely hold true in the future as well. Unfortunately, Apple&#39;s buybacks have become a lot less efficient over time. Between May 2013 and May 2020, Apple&#39;s share count declined by 32%, which pencils out to a 5.4% annual reduction rate (CAGR). Over the last two years, however, Apple has only reduced its share count by 4.8%:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2f8fa0d831de491cef772ea0668d8b1\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>The annual share count reduction pace in that time frame was thus just 2.4%, or significantly less than half the buyback pace seen over the previous seven years. That is not the result of a reduction in Apple&#39;s absolute buyback spending. Instead, Apple&#39;s shares have become way more expensive than they used to be over the last decade, which has made buybacks less efficient - naturally, buying back shares when they are cheap is more impactful than buying back shares when they are expensive.</p><p>Since Apple&#39;s shares are still very pricey when compared to the historical norm, we can expect that Apple&#39;s buybacks will continue to lack behind the historic average in relative terms. The earnings per share growth tailwinds from buybacks should thus continue to underwhelm going forward, compared to the way more pronounced buyback impact we have seen in prior years when Apple was able to scoop up shares at a way lower valuation.</p><p>Due to the baseline effect/law of large numbers that makes maintaining a lot of business growth difficult, and due to the fact that smartphones, PCs, and so on aren&#39;t really a growth industry, combined with a weak impact from buybacks, Apple is thus not expected to grow its earnings per share very much going forward. I still do expect that Apple will generate a solid earnings per share growth pace in the long run, but not an exciting one.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18547e21264db45381f14fec12e30f17\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Over the last decade, Apple has grown its earnings per share by a huge 305%. That pencils out to an annual earnings per share growth rate of 15.0%. Going forward, the analyst community is predicting earnings per share growth that is roughly half as high:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c0e4b495e8312d0585f3bd55eb891d6\" tg-width=\"640\" tg-height=\"296\" width=\"100%\" height=\"auto\"/><span>AAPL EPS growth forecast (Source: Seeking Alpha)</span></p><p>We see expected EPS growth of 10% this year, while earnings per share growth is forecasted to decelerate to as low as 4% in the years beyond 2022. Overall, earnings per share are forecasted to rise by just 80% over the coming nine years, while Apple roughly quadrupled its EPS over the last ten years. Clearly, growth in the coming years will likely be way lower than it used to be in the past. That is not necessarily a disaster. In fact, growth deceleration over time has to be expected as companies mature eventually. The lower future growth should be reflected in the company&#39;s valuation, however, and that does not seem to be the case at all.</p><p><b>AAPL Stock: Expensive By Historical Standards</b></p><p>Right now, Apple is trading for $141 per share, which is down by 23% from the 52-week high. But that has by far not made Apple into a cheap stock:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d84af723e478e338c15dddd6434ab26\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>In the above chart, we see that Apple is now trading for 23x forward net profits, while the 10-year median earnings multiple is 16.4. In other words, Apple is still trading at a 40% premium compared to how shares were valued, on average, in the past. Looking at the company&#39;s enterprise value to EBITDA multiple, which accounts for changes in net cash due to using EV, the premium versus the historical valuation is even more pronounced. At a 19x forward EV/EBITDA multiple, Apple is trading at a premium of almost 80% compared to the 10-year median EV/EBITDA ratio of 10.6.</p><p>We can thus summarize that Apple&#39;s current valuation is still way higher than it was, on average, over the last decade - despite the 20%+ share price decline since the company peaked earlier this year. At the same time, Apple&#39;s expected revenue and earnings per share growth rate for the coming years is way<i>lower</i>than the growth the company has delivered over the last decade. A way higher valuation for a company that will be delivering way less growth in the coming years does not seem like an attractive investment proposal to me.</p><p>Another way to look at Apple&#39;s valuation is a comparison between its earnings yield and the US Treasury yield:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cf71cfbf6927b0cbc348428cff0fb3b\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>We see that Apple&#39;s earnings yield is currently 1.1% higher than the 10-year treasury rate. Historically, the risk premium has been much larger, often around 3%, but even higher at times. We can thus say that, relative to risk-free investments (treasuries), Apple has become more expensive over the last couple of years, as its spread has dwindled. That does not necessarily mean that Treasuries are a better investment. But it seems clear that Apple has been getting way more expensive in recent years, as investors bid up its shares further and further, pushing the yield spread versus risk-free investments lower and lower.</p><p><b>What It Means</b></p><p>The combination of these factors means that Apple could have considerably more downside potential. The company, which will most likely not grow as much in the future as it did in the past, could see its shares fall by another 30%, and it would still not be cheap by historical standards. Instead, Apple would be trading perfectly in line with its 10-year median earnings multiple of 16 in that scenario. Apple&#39;s shares are not as overvalued as they were when they traded at $160, $170, or even higher. But even at $141, AAPL is still very clearly on the expensive side by historical standards. With interest rates rising, which is a clear negative for equity valuations, Apple has considerably more downside risk. That will not necessarily materialize, but investors should at least know that buying Apple at $141, and at an earnings multiple well above 20 is far from a value pick. Apple was a great value pick when it traded at earnings multiples of 10-15 years ago. But today, even following a sizeable downturn in recent months, AAPL is still pricey.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Be Careful, There's A Lot More Downside Risk</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: Be Careful, There's A Lot More Downside Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 09:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple is a fundamentally strong company that will generate some business growth in the coming years.The huge baseline means that relative growth won't be too strong, and at the same time, AAPL'...</p>\n\n<a href=\"https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4513040-apple-stock-lot-more-downside-risk","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2236670897","content_text":"SummaryApple is a fundamentally strong company that will generate some business growth in the coming years.The huge baseline means that relative growth won't be too strong, and at the same time, AAPL's buybacks are way less effective than they used to be.AAPL shares have sold off considerably, but they are still far from cheap. In fact, another 30% share price drop could bring the valuation to the long-term average.24K-Production/iStock via Getty ImagesArticle ThesisApple (NASDAQ:AAPL) is a fundamentally strong company, but its growth is not outrageously high. At the same time, shares trade well above the historical norm, which makes its buybacks less effective and which results in multiplecompression risk. Over the last couple of months, Apple has already seen its shares pull back considerably. Depending on where rates are headed, shares could fall further, however.Apple Has A Strong Business, But Not Too Much GrowthLooking at Apple's fundamentals, we can say that this is clearly a strong company. Not only does Apple have a great balance sheet with ample cash resources, but Apple also operates with attractive margins and returns on capital.During the last four quarters, Apple's net margin was 26%. That does not only mean that Apple generates a hefty amount of profit for every additional sale it makes, but Apple's margins also are reducing risks in times of inflation. Some companies have already seen their margins compress due to the current high-inflation environment. That is way more dangerous for companies with low margins, as a 200-basis point margin hit would cut profits in half for a company with a 4% net margin. Apple, in the same scenario, would see its profits decline by less than 10%, which means that high-margin businesses such as Apple are lower-risk investments in times such as these.A high-quality company isn't necessarily a high-growth company, however. In Apple's case, the enormous baseline means that growing the business further is far from easy. A company that generates annual revenue of close to $400 billion needs to add billions of dollars in revenue every year just for a paltry 1% revenue growth rate. If the company wants a 5% growth rate, which is solid but far from spectacular, $20 billion in additional sales during a single year are required. Price increases for its hardware products such as the iPhone, iPad, Mac, etc. help drive some revenue growth in the long run, but volume growth is not too much of a tailwind. After all, most people that want a smartphone or a tablet already have one and replacing existing ones does not lead to long-term volume growth. Apple's services business has generated above-average growth in recent years, but that will likely not be enough to lead to great business growth in the long run. After all, even when Apple rolls out new services over time that add a billion in revenue or two, that barely moves the needle for a $400 billion-a-year giant.Not too surprisingly, Apple's forecasted revenue growth is thus not overly strong:AAPL revenue growth forecast (Source: Seeking Alpha)Growth during the current year is forecasted at a little less than 8%, partially made possible thanks to a still somewhat easy comparison to the pandemic-impacted quarters last year. Beyond the current year, growth is forecasted to decelerate meaningfully, however, to just 5% in 2023 and 4% in 2024-2025.Earnings per share growth is not only coming from revenue growth, of course. Margin expansion can boost earnings further, but due to Apple's already very high margins and due to inflationary pressures in all kinds of products and commodities, it seems doubtful whether Apple will be able to boost its margins dramatically from the already very elevated level.Last but not least, buybacks can result in earnings per share growing faster than the company's overall net profits. That has been the case for Apple for many years, and it will likely hold true in the future as well. Unfortunately, Apple's buybacks have become a lot less efficient over time. Between May 2013 and May 2020, Apple's share count declined by 32%, which pencils out to a 5.4% annual reduction rate (CAGR). Over the last two years, however, Apple has only reduced its share count by 4.8%:Data by YChartsThe annual share count reduction pace in that time frame was thus just 2.4%, or significantly less than half the buyback pace seen over the previous seven years. That is not the result of a reduction in Apple's absolute buyback spending. Instead, Apple's shares have become way more expensive than they used to be over the last decade, which has made buybacks less efficient - naturally, buying back shares when they are cheap is more impactful than buying back shares when they are expensive.Since Apple's shares are still very pricey when compared to the historical norm, we can expect that Apple's buybacks will continue to lack behind the historic average in relative terms. The earnings per share growth tailwinds from buybacks should thus continue to underwhelm going forward, compared to the way more pronounced buyback impact we have seen in prior years when Apple was able to scoop up shares at a way lower valuation.Due to the baseline effect/law of large numbers that makes maintaining a lot of business growth difficult, and due to the fact that smartphones, PCs, and so on aren't really a growth industry, combined with a weak impact from buybacks, Apple is thus not expected to grow its earnings per share very much going forward. I still do expect that Apple will generate a solid earnings per share growth pace in the long run, but not an exciting one.Data by YChartsOver the last decade, Apple has grown its earnings per share by a huge 305%. That pencils out to an annual earnings per share growth rate of 15.0%. Going forward, the analyst community is predicting earnings per share growth that is roughly half as high:AAPL EPS growth forecast (Source: Seeking Alpha)We see expected EPS growth of 10% this year, while earnings per share growth is forecasted to decelerate to as low as 4% in the years beyond 2022. Overall, earnings per share are forecasted to rise by just 80% over the coming nine years, while Apple roughly quadrupled its EPS over the last ten years. Clearly, growth in the coming years will likely be way lower than it used to be in the past. That is not necessarily a disaster. In fact, growth deceleration over time has to be expected as companies mature eventually. The lower future growth should be reflected in the company's valuation, however, and that does not seem to be the case at all.AAPL Stock: Expensive By Historical StandardsRight now, Apple is trading for $141 per share, which is down by 23% from the 52-week high. But that has by far not made Apple into a cheap stock:Data by YChartsIn the above chart, we see that Apple is now trading for 23x forward net profits, while the 10-year median earnings multiple is 16.4. In other words, Apple is still trading at a 40% premium compared to how shares were valued, on average, in the past. Looking at the company's enterprise value to EBITDA multiple, which accounts for changes in net cash due to using EV, the premium versus the historical valuation is even more pronounced. At a 19x forward EV/EBITDA multiple, Apple is trading at a premium of almost 80% compared to the 10-year median EV/EBITDA ratio of 10.6.We can thus summarize that Apple's current valuation is still way higher than it was, on average, over the last decade - despite the 20%+ share price decline since the company peaked earlier this year. At the same time, Apple's expected revenue and earnings per share growth rate for the coming years is waylowerthan the growth the company has delivered over the last decade. A way higher valuation for a company that will be delivering way less growth in the coming years does not seem like an attractive investment proposal to me.Another way to look at Apple's valuation is a comparison between its earnings yield and the US Treasury yield:Data by YChartsWe see that Apple's earnings yield is currently 1.1% higher than the 10-year treasury rate. Historically, the risk premium has been much larger, often around 3%, but even higher at times. We can thus say that, relative to risk-free investments (treasuries), Apple has become more expensive over the last couple of years, as its spread has dwindled. That does not necessarily mean that Treasuries are a better investment. But it seems clear that Apple has been getting way more expensive in recent years, as investors bid up its shares further and further, pushing the yield spread versus risk-free investments lower and lower.What It MeansThe combination of these factors means that Apple could have considerably more downside potential. The company, which will most likely not grow as much in the future as it did in the past, could see its shares fall by another 30%, and it would still not be cheap by historical standards. Instead, Apple would be trading perfectly in line with its 10-year median earnings multiple of 16 in that scenario. Apple's shares are not as overvalued as they were when they traded at $160, $170, or even higher. But even at $141, AAPL is still very clearly on the expensive side by historical standards. With interest rates rising, which is a clear negative for equity valuations, Apple has considerably more downside risk. That will not necessarily materialize, but investors should at least know that buying Apple at $141, and at an earnings multiple well above 20 is far from a value pick. Apple was a great value pick when it traded at earnings multiples of 10-15 years ago. But today, even following a sizeable downturn in recent months, AAPL is still pricey.","news_type":1},"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039768316,"gmtCreate":1646130249727,"gmtModify":1676534094165,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Good write up.&nbsp; But my take is that might as well buy Baba or AMZ.","listText":"Good write up.&nbsp; But my take is that might as well buy Baba or AMZ.","text":"Good write up. But my take is that might as well buy Baba or AMZ.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039768316","repostId":"1140639018","repostType":2,"repost":{"id":"1140639018","kind":"news","pubTimestamp":1646113621,"share":"https://ttm.financial/m/news/1140639018?lang=&edition=fundamental","pubTime":"2022-03-01 13:47","market":"us","language":"en","title":"Sea Limited: Buy, Sell Or Hold?","url":"https://stock-news.laohu8.com/highlight/detail?id=1140639018","media":"seekingalpha","summary":"SummarySea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Sea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services.</li><li>The company is still not profitable, but can report extremely impressive growth rates in the last few quarters.</li><li>And although Sea Limited will face headwinds and competition, analysts are still expecting high growth rates for the years to come.</li></ul><p>What we witnessed in the last few years could be described as a kind of &#34;tech massacre&#34; - we have several stocks (especially technology companies) declining more than 50% and while the major indices in the United States are still close to all-time highs. Therefore, it would be wrong to talk about a major bear market or stock market crash, but it would also be wrong to ignore, that several technology stocks (in different countries around the world) declined rather steep.</p><p>One of those stocks was Sea Limited (SE). Together with many other technology stocks, Sea Limited could increase the stock price in an impressive way and from January 01, 2020, till the peak in late 2021, the stock price increased more than 800%; however, in the recent past we saw a similar steep decline with Sea Limited declining about 65% in just a few weeks.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/effe101a2592d47983328c50a2f51497\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>And after such a steep decline, the question arises quite naturally, if we are dealing with a bargain. Without any doubt, a stock losing 65% of its previous value might seem cheap. But increasing more than 800% in less than two years is impressive and might indicate overvaluation. We probably won&#39;t answer the question by just looking at the stock price but must go deeper and look at the fundamental business.</p><p><b>Business Description</b></p><p>Sea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services. The company, which was founded in 2009, was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Today, the business has 33,000 employees and is the holding company for three major businesses:</p><ul><li><b>Garena</b>: A digital entertainment platform and one of the leaders in games development (games are including the famous and success Garena Free Fire) and probably the leader in esports in Southeast Asia, Taiwan, and Brazil (according to Annual Report). In Q3/21, the business had 729 million quarterly active users and 93.2 million quarterly paying users.</li><li><b>Shopee</b>: An ecommerce platform connecting buyers and sellers and the largest in Southeast Asia and Taiwan, which offers integrated payment and logistics infrastructure and other services for sellers. It was the largest e-commerce platform in Southeast Asia in 2020 by GMV and total orders and in Q3/21, gross merchandise value was $16.8 billion and gross orders were 1.7 billion in total.</li><li><b>SeaMoney</b>: The financial services and payment segment, which is the leading financial services and payment provider in Southeast Asia. It offers mobile wallet and payments services like AirPay, ShopeePay or SPayLater. In Q3/21, the total payment volume for mobile wallet was $4.6 billion.</li></ul><p>In fiscal 2020, Sea Limited generated $4,376 million in revenue and compared to $2,175 million in revenue in the previous year, this is an increase of 101.1%. And while the company could increase its gross profit from $605 million in 2019 to $1,349 million in 2020, it still had to report an operating loss in 2020 ($1,303 million and therefore an even higher loss than in 2019). However, adjusted EBITDA was $107 million in 2020 compared to a loss of $179 million in the year before.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69bb400205973c8ac991cd0418cfa22e\" tg-width=\"640\" tg-height=\"1013\" width=\"100%\" height=\"auto\"/><span>Sea Limited Q3/21 Infographic</span></p><p>In the third quarter of fiscal 2021, Sea Limited generated $2,689 million in revenue and compared to $1,212 million in revenue in the same quarter last year, this is an increase of 122%. But while gross profit could increase 147.5% to $1,009 million, the company still is reporting an operating loss.</p><p>The business is reporting in two segments and three sub-segments: &#34;Service revenue&#34; (consisting of &#34;digital entertainment&#34; as well as &#34;E-commerce and other services&#34;) and &#34;Sales of Goods&#34;:</p><ul><li><b>Digital Entertainment</b>: This segment is offering mobile and PC online games and is generating revenue primarily by selling in-game items to players of the freemium games. It is also generating revenue from offering eSports operations and other entertainment content. In Q3/21, this segment generated $1,099 million in quarterly revenue (41% of total revenue).</li><li><b>E-commerce and other services</b>: This segment is mostly generating revenue from e-commerce marketplace services and digital financial services. The business is offering sellers paid advertisement services and is charging transaction-based fees. Additionally, Sea Limited is generating revenue from interest and fees from loans granted to commercial and consumer customers. In Q3/21, this segment generated $1,310 million in quarterly revenue (49% of total revenue).</li><li><b>Sales of Goods</b>: Sea Limited is generating revenue as the company is also purchasing products from manufacturer or third parties and is selling it directly on its own Shopee platform. In Q3/21, this segment generated $280 million in revenue (10% of total revenue).</li></ul><p>When looking at digital entertainment, quarterly active users increased from 572.4 million in Q3/20 to 729.0 million in Q3/21 (resulting in 27% YoY growth). Quarterly paying users increased even 43% YoY from 65.3 million in Q3/20 to 93.2 million in Q3/21.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db774740c4f143c0ade000bc242cc4d2\" tg-width=\"640\" tg-height=\"361\" width=\"100%\" height=\"auto\"/><span>Sea Limited Q3/21 Presentation</span></p><p>When looking at e-commerce, we see much higher growth rates. Total number of gross orders increased from 0.7 billion in Q3/20 to 1.7 billion in Q3/21, which is resulting in 123% year-over-year growth. And gross merchandise volume increased from $9.3 billion in Q3/20 to $16.8 billion in Q3/21 resulting in 81% YoY growth.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/90b2945a1a34073d6712a4facc20b9a4\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"/><span>Sea Limited Q3/21 Presentation</span></p><p><b>Headwinds</b></p><p>Despite these impressive growth rates Sea Limited is reporting, the stock nevertheless fell 60% in a very short timeframe, and we can assume that the business is facing some headwinds. And a few weeks ago, it was announced that Tencent Holdings Limited (OTCPK:TCEHY) is selling its stake in Sea Limited, which caused the stock of Sea Limited to tumble about 10%. We therefore can assume, that Tencent selling its stake is a bad sign for the long-term prospects of Sea Limited, but we must put this into context. First,Tencent sold only about $3 billion worth of shares and trimmed its stake from 21.3% to 18.7%. Second, Tencent is also selling other stakes it has: The company also announced it will distribute its shares ofJD.com(JD) as special dividend to its shareholders. And therefore, we should not be worried. Tencent is probably trying to be less like a monopoly, that has controlling stakes in many different businesses to avoid getting in the crosshairs of the Chinese government in the future.</p><p>And while the news, that Tencent was selling shares made the stock slip more than 10%, the news a few weeks ago, that India&#39;s government had issued a ban of 54 apps, which it links to China - including Garena Free Fire - sent the shares of Sea Limited even 20% down in a single day. India has already banned several apps in June 2020 - including TikTok and WeChat. But we also must put these numbers into context. According to different sources , Free Fire sales in India are only responsible for 3% of Sea&#39;s gaming revenue and only for 1.2% of total sales. In the 2020 Annual Report (20-F file), I could only find the information, that &#34;Rest of Asia&#34; - which is including India - was responsible for 15.0% of total revenue in fiscal 2020. Losing India as market will probably hurt Sea Limited, but in this early phase it should not create a serious, long-term problem.</p><p><b>Profitability and Competition</b></p><p>The two above mentioned headwinds are probably rather short-term. A bigger problem could be the fact, that Sea Limited is still not profitable. When looking at the last ten quarters, Sea Limited wasn&#39;t profitable in any of them, and operating losses increased - at least in absolute numbers. In relative numbers, the operating loss in the last quarter was only 17% of revenue compared to 68% of revenue in Q1/19. And while R&amp;D expenses are stable at around 8%, especially selling, general &amp; administrative expenses decreased.</p><p><img src=\"https://static.tigerbbs.com/46a85e0448b35bbefc81e143554694b8\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>And when considering increasing competition, Sea Limited not being profitable could become a problem. Especially when your competitors are called Alibaba (BABA) and Amazon (AMZN), this is no cause for joy. In December 2021, Amazonannounced, that it is planning to expand Amazon Prime Video to Southeast Asia and Amazon is already active in Southeast Asia - despite itslate arrivalin 2017. But not only the U.S. retail and technology giant is a serious competitor - the Chinese retail and technology giant Alibaba is also a serious competitor. During its Investor Day in December 2021, Alibaba announced its plans to drive expansion in Southeast Asia and Lazada, which is owned by Alibaba, aims to achieve much higher sales in the region. Alibaba&#39;s vision is to serve more than 300 million customers and achieve $100 billion in gross merchandise volume in a market that is expected to increase to $260 billion in 2025.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/93615c3cb2728beaebe18c1813a932d7\" tg-width=\"640\" tg-height=\"297\" width=\"100%\" height=\"auto\"/><span>Alibaba Investor Day 2021 Presentation</span></p><p>While I don&#39;t know how serious Amazon must be taken as a competitor - Lazada (and therefore Alibaba) should not be ignored.</p><p><b>Balance Sheet</b></p><p>Amazon and Alibaba are certainly two competitors, Sea Limited must take seriously. But in this context, it is worth mentioning, that Sea Limited has a great balance sheet, which is a valuable asset.</p><p>As of September 30, 2021, Sea Limited has no debt on its balance sheet, which is great for a company that is not yet profitable. On the asset side, Sea Limited has $477 million in goodwill (only 2.5% of $18,549 million in total assets) and $706 million in short-term investments as well as $11,126 million in cash and cash equivalents. This is resulting in almost $12 billion of very liquid assets, that Sea Limited can use to drive growth and expand its business. At the time of writing, these liquid assets are about one sixth of the company&#39;s market capitalization.</p><p>And Sea Limited already managed to generate a positive free cash flow in the last few quarters - therefore we also must not be afraid of Sea Limited burning cash and decreasing the short-term investments and cash reserves on the balance sheet.</p><p><b>Growth</b></p><p>But while Sea Limited is still not profitable and might be facing increased competition, the company is also reporting extremely impressive growth rates. When looking at the last ten quarters, there is only a single quarter in which Sea Limited could not grow in the triple-digits. And gross profit is growing at even higher rates than revenue.</p><p><img src=\"https://static.tigerbbs.com/221525dd315705d008debaa5e6ce8cd5\" tg-width=\"640\" tg-height=\"154\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Analysts are expecting growth rates to slow down in the years to come. Analysts are also not really providing estimates for earnings per share as this number is difficult to estimate. But analysts are providing estimates for revenue, and we can see growth slowing down (not anywhere near to the triple-digit growth rates of the last few quarters). On the other hand, growth rates between 10% and 20% for revenue are still extremely impressive.</p><p><img src=\"https://static.tigerbbs.com/60acae4293bf3942c4e6cc3a1c1b21c5\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>When asking the question where growth could stem from, the Southeast Asia e-commerce market is expected to grow with a high pace. According to the above-mentioned Alibaba investor presentation, the market is expected to grow with a CAGR of 27% between 2020 and 2025 and this should enable Sea Limited to grow with the market at a high pace (even without taking market shares).</p><p>And Sea Limited is generating about two thirds of its revenue in Southeast Asia (fiscal 2020 numbers), but the company is also expanding to other markets. Especially revenue from Latin America is increasing with a high pace. While in 2018, only 1.8% of revenue stemmed from Latin America, in 2020 it was already 18.1% of total revenue. And according to Statista, retail e-commerce sales are also expected to increase with a high pace - from $85 billion in 2021 to $160 billion in 2025 resulting in a CAGR of 17%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ccd6e627c089bd4304ecb325a571c93a\" tg-width=\"640\" tg-height=\"182\" width=\"100%\" height=\"auto\"/><span>Sea Limited Annual Report 2020</span></p><p>Sea Limited is also writing in its annual report about the growth potential:</p><blockquote>Our seven markets in Southeast Asia and Taiwan were estimated to have 608.1 million people and a GDP of US$3.6 trillion in 2020 according to the IMF World Economic Outlook Database. Southeast Asia and Taiwan region is also one of the world&#39;s fastest growing regions based on per capita GDP and, moreover, at the early stages of internet penetration. In addition, the Latin America region (including the Caribbean) was estimated to have 637.1 million people and a GDP of US$4.2 trillion in 2020 according to the IMF World Economic Outlook Database. Many of our global markets are experiencing a generational transition to the new digital economy, with digital inclusion bringing consumers ever more closely to each other and online services, by leading internet business models such as our own. Our culturally rich and diverse markets observe a rise in traditionally underserved digital consumers, who require dedicated focus, resources, and respective local market knowledge.</blockquote><p>Without much doubt, high growth rates can be achieved in Southeast Asia as well as Latin America. And aspects like gaming and e-commerce could take off in the years to come and Sea Limited is set up to profit from this growing market. However, many different scenarios are possible. In theory, Sea Limited can increase its revenue substantially for years to come as it can still grow in its core markets, which are expected to grow with a high pace and Sea Limited can also expand to other countries and markets. But if the company is successful against competitors is a different story and hard to predict.</p><p><b>Intrinsic Value Calculation</b></p><p>In a final step, as always, we must look at the stock price and compare it to the fundamental business to determine if we are talking about a solid investment or not. In case of Sea Limited, we can&#39;t look at the P/E ratio as the company is not profitable yet. Instead, we can look at the price-to-free-cash-flow ratio, but the numbers are not useful at this point (260 times free cash flow right now). The only useful simple valuation metric is the price-sales ratio.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ee0c00f5fa2822e47170487befb92d3\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Sea Limited is trading for 9.33 times sales right now after it had already been trading for 30 times sales about one year ago. When comparing to some peers, we see Alibaba trading only for 2.77 times sales and Amazon trading for 3.43 times sales. And from that point of view, Sea Limited seems to be expensive. But we must point out, that Sea Limited is probably able to grow with a much higher pace for several years to come and especially due to its gaming segment, Sea Limited should be able to achieve higher margins justifying a higher P/S ratio. We can rather compare the business to Tencent (also generating a huge part of its sales from gaming and fintech), which is trading for 7.01 times sales and therefore in a similar range as Sea Limited.</p><p>Usually, I am trying to calculate an intrinsic value by using a discount cash flow calculation, but this is extremely difficult as we have so many variables affecting the calculation and stability as well as consistency are still missing. For example, the number of outstanding shares is still increasing. And although this is not untypical for younger companies, it is not what shareholders like to see and it is making it difficult to calculate an intrinsic value by using DCF analysis.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1524f6ae7e7435b02326948f99bfafc\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>It is also difficult to estimate growth rates in the years to come: While it seems obvious that growth will slow down, we don&#39;t know how fast. And finally, we must estimate when Sea Limited will get profitable, what margins the company can achieve and how much free cash flow it can generate. Summing up, I don&#39;t want to put a price tag on Sea Limited right now as I don&#39;t think I can provide a useful intrinsic value calculation for the stock at this point. However, if Sea Limited should be able to grow with a high pace (and we don&#39;t have to see triple digit or high double-digit growth) and become profitable to a similar level as Tencent, the business could be undervalued right now.</p><p><b>Conclusion</b></p><p>I usually try to avoid investing in unprofitable businesses as a huge range of outcomes is possible for these rather young companies. And investing is always a bet to some degree as we can never be certain. I am not saying that Sea Limited could not be an incredible investment, but it is extremely difficult for me to put a price tag on the stock. And extreme fluctuations will continue as investors could have extremely different opinions what the stock should be worth.</p><p>I would rate Sea Limited as a hold right now as it is difficult to make a case for Sea Limited being undervalued or overvalued. On March 01, 2022, Sea Limited will report the next quarterly results, and this might give us some hints again how to valuate Sea Limited.</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: Buy, Sell Or Hold?</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: Buy, Sell Or Hold?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-01 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4491285-sea-limited-stock-buy-sell-hold><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services.The company is still not profitable, but can report extremely impressive...</p>\n\n<a href=\"https://seekingalpha.com/article/4491285-sea-limited-stock-buy-sell-hold\">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/4491285-sea-limited-stock-buy-sell-hold","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1140639018","content_text":"SummarySea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services.The company is still not profitable, but can report extremely impressive growth rates in the last few quarters.And although Sea Limited will face headwinds and competition, analysts are still expecting high growth rates for the years to come.What we witnessed in the last few years could be described as a kind of \"tech massacre\" - we have several stocks (especially technology companies) declining more than 50% and while the major indices in the United States are still close to all-time highs. Therefore, it would be wrong to talk about a major bear market or stock market crash, but it would also be wrong to ignore, that several technology stocks (in different countries around the world) declined rather steep.One of those stocks was Sea Limited (SE). Together with many other technology stocks, Sea Limited could increase the stock price in an impressive way and from January 01, 2020, till the peak in late 2021, the stock price increased more than 800%; however, in the recent past we saw a similar steep decline with Sea Limited declining about 65% in just a few weeks.Data by YChartsAnd after such a steep decline, the question arises quite naturally, if we are dealing with a bargain. Without any doubt, a stock losing 65% of its previous value might seem cheap. But increasing more than 800% in less than two years is impressive and might indicate overvaluation. We probably won't answer the question by just looking at the stock price but must go deeper and look at the fundamental business.Business DescriptionSea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services. The company, which was founded in 2009, was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Today, the business has 33,000 employees and is the holding company for three major businesses:Garena: A digital entertainment platform and one of the leaders in games development (games are including the famous and success Garena Free Fire) and probably the leader in esports in Southeast Asia, Taiwan, and Brazil (according to Annual Report). In Q3/21, the business had 729 million quarterly active users and 93.2 million quarterly paying users.Shopee: An ecommerce platform connecting buyers and sellers and the largest in Southeast Asia and Taiwan, which offers integrated payment and logistics infrastructure and other services for sellers. It was the largest e-commerce platform in Southeast Asia in 2020 by GMV and total orders and in Q3/21, gross merchandise value was $16.8 billion and gross orders were 1.7 billion in total.SeaMoney: The financial services and payment segment, which is the leading financial services and payment provider in Southeast Asia. It offers mobile wallet and payments services like AirPay, ShopeePay or SPayLater. In Q3/21, the total payment volume for mobile wallet was $4.6 billion.In fiscal 2020, Sea Limited generated $4,376 million in revenue and compared to $2,175 million in revenue in the previous year, this is an increase of 101.1%. And while the company could increase its gross profit from $605 million in 2019 to $1,349 million in 2020, it still had to report an operating loss in 2020 ($1,303 million and therefore an even higher loss than in 2019). However, adjusted EBITDA was $107 million in 2020 compared to a loss of $179 million in the year before.Sea Limited Q3/21 InfographicIn the third quarter of fiscal 2021, Sea Limited generated $2,689 million in revenue and compared to $1,212 million in revenue in the same quarter last year, this is an increase of 122%. But while gross profit could increase 147.5% to $1,009 million, the company still is reporting an operating loss.The business is reporting in two segments and three sub-segments: \"Service revenue\" (consisting of \"digital entertainment\" as well as \"E-commerce and other services\") and \"Sales of Goods\":Digital Entertainment: This segment is offering mobile and PC online games and is generating revenue primarily by selling in-game items to players of the freemium games. It is also generating revenue from offering eSports operations and other entertainment content. In Q3/21, this segment generated $1,099 million in quarterly revenue (41% of total revenue).E-commerce and other services: This segment is mostly generating revenue from e-commerce marketplace services and digital financial services. The business is offering sellers paid advertisement services and is charging transaction-based fees. Additionally, Sea Limited is generating revenue from interest and fees from loans granted to commercial and consumer customers. In Q3/21, this segment generated $1,310 million in quarterly revenue (49% of total revenue).Sales of Goods: Sea Limited is generating revenue as the company is also purchasing products from manufacturer or third parties and is selling it directly on its own Shopee platform. In Q3/21, this segment generated $280 million in revenue (10% of total revenue).When looking at digital entertainment, quarterly active users increased from 572.4 million in Q3/20 to 729.0 million in Q3/21 (resulting in 27% YoY growth). Quarterly paying users increased even 43% YoY from 65.3 million in Q3/20 to 93.2 million in Q3/21.Sea Limited Q3/21 PresentationWhen looking at e-commerce, we see much higher growth rates. Total number of gross orders increased from 0.7 billion in Q3/20 to 1.7 billion in Q3/21, which is resulting in 123% year-over-year growth. And gross merchandise volume increased from $9.3 billion in Q3/20 to $16.8 billion in Q3/21 resulting in 81% YoY growth.Sea Limited Q3/21 PresentationHeadwindsDespite these impressive growth rates Sea Limited is reporting, the stock nevertheless fell 60% in a very short timeframe, and we can assume that the business is facing some headwinds. And a few weeks ago, it was announced that Tencent Holdings Limited (OTCPK:TCEHY) is selling its stake in Sea Limited, which caused the stock of Sea Limited to tumble about 10%. We therefore can assume, that Tencent selling its stake is a bad sign for the long-term prospects of Sea Limited, but we must put this into context. First,Tencent sold only about $3 billion worth of shares and trimmed its stake from 21.3% to 18.7%. Second, Tencent is also selling other stakes it has: The company also announced it will distribute its shares ofJD.com(JD) as special dividend to its shareholders. And therefore, we should not be worried. Tencent is probably trying to be less like a monopoly, that has controlling stakes in many different businesses to avoid getting in the crosshairs of the Chinese government in the future.And while the news, that Tencent was selling shares made the stock slip more than 10%, the news a few weeks ago, that India's government had issued a ban of 54 apps, which it links to China - including Garena Free Fire - sent the shares of Sea Limited even 20% down in a single day. India has already banned several apps in June 2020 - including TikTok and WeChat. But we also must put these numbers into context. According to different sources , Free Fire sales in India are only responsible for 3% of Sea's gaming revenue and only for 1.2% of total sales. In the 2020 Annual Report (20-F file), I could only find the information, that \"Rest of Asia\" - which is including India - was responsible for 15.0% of total revenue in fiscal 2020. Losing India as market will probably hurt Sea Limited, but in this early phase it should not create a serious, long-term problem.Profitability and CompetitionThe two above mentioned headwinds are probably rather short-term. A bigger problem could be the fact, that Sea Limited is still not profitable. When looking at the last ten quarters, Sea Limited wasn't profitable in any of them, and operating losses increased - at least in absolute numbers. In relative numbers, the operating loss in the last quarter was only 17% of revenue compared to 68% of revenue in Q1/19. And while R&D expenses are stable at around 8%, especially selling, general & administrative expenses decreased.And when considering increasing competition, Sea Limited not being profitable could become a problem. Especially when your competitors are called Alibaba (BABA) and Amazon (AMZN), this is no cause for joy. In December 2021, Amazonannounced, that it is planning to expand Amazon Prime Video to Southeast Asia and Amazon is already active in Southeast Asia - despite itslate arrivalin 2017. But not only the U.S. retail and technology giant is a serious competitor - the Chinese retail and technology giant Alibaba is also a serious competitor. During its Investor Day in December 2021, Alibaba announced its plans to drive expansion in Southeast Asia and Lazada, which is owned by Alibaba, aims to achieve much higher sales in the region. Alibaba's vision is to serve more than 300 million customers and achieve $100 billion in gross merchandise volume in a market that is expected to increase to $260 billion in 2025.Alibaba Investor Day 2021 PresentationWhile I don't know how serious Amazon must be taken as a competitor - Lazada (and therefore Alibaba) should not be ignored.Balance SheetAmazon and Alibaba are certainly two competitors, Sea Limited must take seriously. But in this context, it is worth mentioning, that Sea Limited has a great balance sheet, which is a valuable asset.As of September 30, 2021, Sea Limited has no debt on its balance sheet, which is great for a company that is not yet profitable. On the asset side, Sea Limited has $477 million in goodwill (only 2.5% of $18,549 million in total assets) and $706 million in short-term investments as well as $11,126 million in cash and cash equivalents. This is resulting in almost $12 billion of very liquid assets, that Sea Limited can use to drive growth and expand its business. At the time of writing, these liquid assets are about one sixth of the company's market capitalization.And Sea Limited already managed to generate a positive free cash flow in the last few quarters - therefore we also must not be afraid of Sea Limited burning cash and decreasing the short-term investments and cash reserves on the balance sheet.GrowthBut while Sea Limited is still not profitable and might be facing increased competition, the company is also reporting extremely impressive growth rates. When looking at the last ten quarters, there is only a single quarter in which Sea Limited could not grow in the triple-digits. And gross profit is growing at even higher rates than revenue.Analysts are expecting growth rates to slow down in the years to come. Analysts are also not really providing estimates for earnings per share as this number is difficult to estimate. But analysts are providing estimates for revenue, and we can see growth slowing down (not anywhere near to the triple-digit growth rates of the last few quarters). On the other hand, growth rates between 10% and 20% for revenue are still extremely impressive.When asking the question where growth could stem from, the Southeast Asia e-commerce market is expected to grow with a high pace. According to the above-mentioned Alibaba investor presentation, the market is expected to grow with a CAGR of 27% between 2020 and 2025 and this should enable Sea Limited to grow with the market at a high pace (even without taking market shares).And Sea Limited is generating about two thirds of its revenue in Southeast Asia (fiscal 2020 numbers), but the company is also expanding to other markets. Especially revenue from Latin America is increasing with a high pace. While in 2018, only 1.8% of revenue stemmed from Latin America, in 2020 it was already 18.1% of total revenue. And according to Statista, retail e-commerce sales are also expected to increase with a high pace - from $85 billion in 2021 to $160 billion in 2025 resulting in a CAGR of 17%.Sea Limited Annual Report 2020Sea Limited is also writing in its annual report about the growth potential:Our seven markets in Southeast Asia and Taiwan were estimated to have 608.1 million people and a GDP of US$3.6 trillion in 2020 according to the IMF World Economic Outlook Database. Southeast Asia and Taiwan region is also one of the world's fastest growing regions based on per capita GDP and, moreover, at the early stages of internet penetration. In addition, the Latin America region (including the Caribbean) was estimated to have 637.1 million people and a GDP of US$4.2 trillion in 2020 according to the IMF World Economic Outlook Database. Many of our global markets are experiencing a generational transition to the new digital economy, with digital inclusion bringing consumers ever more closely to each other and online services, by leading internet business models such as our own. Our culturally rich and diverse markets observe a rise in traditionally underserved digital consumers, who require dedicated focus, resources, and respective local market knowledge.Without much doubt, high growth rates can be achieved in Southeast Asia as well as Latin America. And aspects like gaming and e-commerce could take off in the years to come and Sea Limited is set up to profit from this growing market. However, many different scenarios are possible. In theory, Sea Limited can increase its revenue substantially for years to come as it can still grow in its core markets, which are expected to grow with a high pace and Sea Limited can also expand to other countries and markets. But if the company is successful against competitors is a different story and hard to predict.Intrinsic Value CalculationIn a final step, as always, we must look at the stock price and compare it to the fundamental business to determine if we are talking about a solid investment or not. In case of Sea Limited, we can't look at the P/E ratio as the company is not profitable yet. Instead, we can look at the price-to-free-cash-flow ratio, but the numbers are not useful at this point (260 times free cash flow right now). The only useful simple valuation metric is the price-sales ratio.Data by YChartsSea Limited is trading for 9.33 times sales right now after it had already been trading for 30 times sales about one year ago. When comparing to some peers, we see Alibaba trading only for 2.77 times sales and Amazon trading for 3.43 times sales. And from that point of view, Sea Limited seems to be expensive. But we must point out, that Sea Limited is probably able to grow with a much higher pace for several years to come and especially due to its gaming segment, Sea Limited should be able to achieve higher margins justifying a higher P/S ratio. We can rather compare the business to Tencent (also generating a huge part of its sales from gaming and fintech), which is trading for 7.01 times sales and therefore in a similar range as Sea Limited.Usually, I am trying to calculate an intrinsic value by using a discount cash flow calculation, but this is extremely difficult as we have so many variables affecting the calculation and stability as well as consistency are still missing. For example, the number of outstanding shares is still increasing. And although this is not untypical for younger companies, it is not what shareholders like to see and it is making it difficult to calculate an intrinsic value by using DCF analysis.Data by YChartsIt is also difficult to estimate growth rates in the years to come: While it seems obvious that growth will slow down, we don't know how fast. And finally, we must estimate when Sea Limited will get profitable, what margins the company can achieve and how much free cash flow it can generate. Summing up, I don't want to put a price tag on Sea Limited right now as I don't think I can provide a useful intrinsic value calculation for the stock at this point. However, if Sea Limited should be able to grow with a high pace (and we don't have to see triple digit or high double-digit growth) and become profitable to a similar level as Tencent, the business could be undervalued right now.ConclusionI usually try to avoid investing in unprofitable businesses as a huge range of outcomes is possible for these rather young companies. And investing is always a bet to some degree as we can never be certain. I am not saying that Sea Limited could not be an incredible investment, but it is extremely difficult for me to put a price tag on the stock. And extreme fluctuations will continue as investors could have extremely different opinions what the stock should be worth.I would rate Sea Limited as a hold right now as it is difficult to make a case for Sea Limited being undervalued or overvalued. On March 01, 2022, Sea Limited will report the next quarterly results, and this might give us some hints again how to valuate Sea Limited.","news_type":1},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095645134,"gmtCreate":1644909898452,"gmtModify":1676533974773,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Thanks for sharing.&nbsp;&nbsp;","listText":"Thanks for sharing.&nbsp;&nbsp;","text":"Thanks for sharing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095645134","repostId":"1139000181","repostType":4,"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318314330108096,"gmtCreate":1718751947195,"gmtModify":1718761691271,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Why can't Tiger allow automatic exchange of currency (at wholesale rates) when buying a stock of different currency from what one is holding? Other trading platforms have already offered this flexibility and currency convenience.","listText":"Why can't Tiger allow automatic exchange of currency (at wholesale rates) when buying a stock of different currency from what one is holding? Other trading platforms have already offered this flexibility and currency convenience.","text":"Why can't Tiger allow automatic exchange of currency (at wholesale rates) when buying a stock of different currency from what one is holding? Other trading platforms have already offered this flexibility and currency convenience.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318314330108096","isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063256228,"gmtCreate":1651480287282,"gmtModify":1676534913912,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"Still good value.&nbsp;","listText":"Still good value.&nbsp;","text":"Still good value.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063256228","repostId":"2232627854","repostType":4,"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019791712,"gmtCreate":1648637230384,"gmtModify":1676534368927,"author":{"id":"4106452164727570","authorId":"4106452164727570","name":"X99","avatar":"https://static.itradeup.com/news/4ed5965c3d32c334de5db15d929ebac2","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106452164727570","authorIdStr":"4106452164727570"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>How high can it go before it goes ex dividend?","listText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>How high can it go before it goes ex dividend?","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$How high can it go before it goes ex dividend?","images":[{"img":"https://community-static.tradeup.com/news/22b5b6b3b0c702f9b4e48c1b94daeccf","width":"1080","height":"3396"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019791712","isVote":1,"tweetType":1,"viewCount":661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}