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2022-03-28

Heed to this article or to chicken gang?

Palantir: It Has A Invisible Glass Ceiling?

2022-05-08

Believe this or Cathie Wood?Can this writer show us what he is doing exactly for TSLA? Shorting 100k shares of it?

Tesla: Overvalued By 85.26% And Not A Technology Company

2022-06-10

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The Stock Market and Inflation: How the S&P 500 Performs on CPI Report Days

2022-05-25

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Tiger Chart | A History of S&P 500 Bear Markets Since 1929

2022-05-03

Show us what you have done exactly. Don't just give the problem, provide constructive solutions.

Billionaire Hedge Fund Manager Paul Tudor Jones Says Don't Own Stocks, Bonds Now

2022-04-04

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U.S. Stocks to Watch: SRAX, Tesla, Atotech, Conformis and Nikola

2022-08-12

already up so much. Means Time for these stocks to go down

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2022-08-04

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2022-05-16

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Fed Hawkishness May Be Near Its Peak, Even if Inflation Isn't

2022-03-30

And then what is next?

U.S. Yield Curve Inversion: What Is It Telling Us?

2022-07-07

Expected but not yet

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2022-07-06

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Sorry, the original content has been removed

2022-05-06

Yesterday mentioned will go up but it went down. Today say down. Just parroting what US was last night

Losses May Accelerate For Singapore Stock Market

2022-04-04

Go Apple

2 FAANG Stocks to Buy Hand Over Fist and 1 to Avoid Like the Plague

2022-08-13

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Why Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231

2022-07-10

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Beyond Meat Stock Is a Busted Growth Play Not Worth Chasing

2022-07-06

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Fed Minutes Are Coming, Here Are 4 Things to Watch

2022-05-20

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Go to Tiger App to see more news

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brokerage for sg. Better than the big three banks and even the foreign banks.&nbsp;","listText":"Best brokerage for sg. Better than the big three banks and even the foreign banks.&nbsp;","text":"Best brokerage for sg. Better than the big three banks and even the foreign banks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963740234","isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990509223,"gmtCreate":1660361800664,"gmtModify":1676533459381,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990509223","repostId":"1129150866","repostType":2,"repost":{"id":"1129150866","pubTimestamp":1660352614,"share":"https://www.laohu8.com/m/news/1129150866?lang=&edition=full","pubTime":"2022-08-13 09:03","market":"us","language":"en","title":"Why Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231","url":"https://stock-news.laohu8.com/highlight/detail?id=1129150866","media":"MarketWatch","summary":"Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/e150d7de731c2e2e0ebee4395029900d\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The S&amp;P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities.</p><p>The S&amp;P 500 on Friday rose 1.7% to close at 4,280.15. The finish above 4,231 would mean the large-cap benchmark has recovered — or retraced — more than 50% of its fall from a Jan. 3 record finish at 4796.56.</p><p>“Since 1950 there has never been a bear market rally that exceeded the 50% retracement and then gone on to make new cycle lows,” said Jonathan Krinsky, chief market technician at BTIG, in a note earlier this month.</p><p>Stocks rose across the board Friday, with the S&amp;P 500 booking a fourth straight weekly gain. The Dow Jones Industrial Average advanced more than 420 points, or 1.3%, on Friday and the Nasdaq Composite rose 2.1%. The S&amp;P 500 attempted to complete the retracement in Thursday’s session, when it traded as high as 4,257.91, but gave up gains to end at 4,207.27.</p><p>Krinsky, in a Thursday update, had noted that an intraday breach of the level doesn’t cut it, but had cautioned that a close above 4,231 would still leave him cautious about the near-term outlook.</p><p>“Because the retracement is based on a closing basis, we would want to see a close above 4,231 to trigger that signal. Whether or not that happens, however, the tactical risk/reward looks poor to us here,” he wrote.</p><p>What’s so special about a 50% retracement? Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…).</p><p>If a number in the sequence is divided by the next number, for example 8 divided by 13, the result is near 0.618, a ratio that’s been dubbed the Golden Mean due to its prevalence in nature in everything from seashells to ocean waves to proportions of the human body. Back on Wall Street, technical analysts see key retracement targets for a rally from a significant low to a significant peak at 38.2%, 50% and 61.8%, while retracements of 23.6% and 76.4% are seen as secondary targets.</p><p>The push above the 50% retracement level during Thursday’s recession may have contributed to a round of selling itself, said Jeff deGraaf, founder of Renaissance Macro Research, in a Friday note.</p><p>He observed that the retracement corresponded to a 65-day high for the S&amp;P 500, offering another indication of an improving trend in a bear market as it represents the highest level of the last rolling quarter. A 65-day high is often seen as a default signal for commodity trading advisers, not just in the S&amp;P 500 but in commodity, bond and forex markets as well.</p><p>“That level coincidentally corresponded with the 50% retracement level of the bear market,” he wrote. “In essence, it forced the hand of one group to cover shorts (CTAs) while simultaneously giving another group (Fibonacci followers) an excuse to sell” on Thursday.</p><p>Krinsky, meanwhile, cautioned that previous 50% retracements in 1974, 2004, and 2009 all saw decent shakeouts shortly after clearing that threshold.</p><p>“Further, as the market has cheered ‘peak inflation’, we are now seeing a quiet resurgence in many commodities, and bonds continue to weaken,” he wrote Thursday.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-13 09:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129150866","content_text":"The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities.The S&P 500 on Friday rose 1.7% to close at 4,280.15. The finish above 4,231 would mean the large-cap benchmark has recovered — or retraced — more than 50% of its fall from a Jan. 3 record finish at 4796.56.“Since 1950 there has never been a bear market rally that exceeded the 50% retracement and then gone on to make new cycle lows,” said Jonathan Krinsky, chief market technician at BTIG, in a note earlier this month.Stocks rose across the board Friday, with the S&P 500 booking a fourth straight weekly gain. The Dow Jones Industrial Average advanced more than 420 points, or 1.3%, on Friday and the Nasdaq Composite rose 2.1%. The S&P 500 attempted to complete the retracement in Thursday’s session, when it traded as high as 4,257.91, but gave up gains to end at 4,207.27.Krinsky, in a Thursday update, had noted that an intraday breach of the level doesn’t cut it, but had cautioned that a close above 4,231 would still leave him cautious about the near-term outlook.“Because the retracement is based on a closing basis, we would want to see a close above 4,231 to trigger that signal. Whether or not that happens, however, the tactical risk/reward looks poor to us here,” he wrote.What’s so special about a 50% retracement? Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…).If a number in the sequence is divided by the next number, for example 8 divided by 13, the result is near 0.618, a ratio that’s been dubbed the Golden Mean due to its prevalence in nature in everything from seashells to ocean waves to proportions of the human body. Back on Wall Street, technical analysts see key retracement targets for a rally from a significant low to a significant peak at 38.2%, 50% and 61.8%, while retracements of 23.6% and 76.4% are seen as secondary targets.The push above the 50% retracement level during Thursday’s recession may have contributed to a round of selling itself, said Jeff deGraaf, founder of Renaissance Macro Research, in a Friday note.He observed that the retracement corresponded to a 65-day high for the S&P 500, offering another indication of an improving trend in a bear market as it represents the highest level of the last rolling quarter. A 65-day high is often seen as a default signal for commodity trading advisers, not just in the S&P 500 but in commodity, bond and forex markets as well.“That level coincidentally corresponded with the 50% retracement level of the bear market,” he wrote. “In essence, it forced the hand of one group to cover shorts (CTAs) while simultaneously giving another group (Fibonacci followers) an excuse to sell” on Thursday.Krinsky, meanwhile, cautioned that previous 50% retracements in 1974, 2004, and 2009 all saw decent shakeouts shortly after clearing that threshold.“Further, as the market has cheered ‘peak inflation’, we are now seeing a quiet resurgence in many commodities, and bonds continue to weaken,” he wrote Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990952328,"gmtCreate":1660275970991,"gmtModify":1676533442801,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"already up so much. Means&nbsp;Time for these stocks to go down","listText":"already up so much. Means&nbsp;Time for these stocks to go down","text":"already up so much. Means Time for these stocks to go down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990952328","repostId":"1131277687","repostType":2,"repost":{"id":"1131277687","pubTimestamp":1660275187,"share":"https://www.laohu8.com/m/news/1131277687?lang=&edition=full","pubTime":"2022-08-12 11:33","market":"other","language":"en","title":"Daily 2X Leveraged Electric and Autonomous Vehicle ETF is Launched by Direxion ","url":"https://stock-news.laohu8.com/highlight/detail?id=1131277687","media":"ETF Trends","summary":"Direxion, a provider of tradeable and thematic ETFs, today announced the launch of the Direxion Dail","content":"<html><head></head><body><p>Direxion, a provider of tradeable and thematic ETFs, today announced the launch of the <a href=\"https://laohu8.com/S/EVAV\">Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares</a>. The fund seeks to achieve 200% of the daily performance of the Indxx US Electric and Autonomous Vehicles Index.</p><p>The index provides exposure to 25 U.S.-listed companies poised to disrupt the existing transportation market by bringing new and cleaner modes of transportation, such as electric and autonomous vehicles. It includes companies beyond vehicle manufacturers to paint a more holistic picture of the industry. The index includes charging station manufacturers such as <a href=\"https://laohu8.com/S/CHPT\">ChargePoint</a> and <a href=\"https://laohu8.com/S/BLNK\">Blink</a>, companies involved in software development and the manufacturing of various electrical components, and electric vehicle manufacturers such as <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, <a href=\"https://laohu8.com/S/LCID\">Lucid</a>, and <a href=\"https://laohu8.com/S/NIO\">NIO</a>.</p><p>“The path to long-term acceptance and widespread adoption of electric and autonomous vehicles is brighter than ever before,” said Direxion managing director and head of product Dave Mazza in a news release. “EVAV allows traders to take an amplified bullish position on electric and autonomous vehicles, along with the infrastructure to support them.”</p><p>The global market share of electric and autonomous vehicles is expanding rapidly, with more than 10 million electric vehicles on the road today and an expected 66 million in the next 20 years. The number of autonomous vehicles is also expected to grow, with a projected 33 million autonomous cars on the road by 2040.</p><p>Those growth projections came before Senators Joe Manchin (D-W.Va.) and Chuck Schumer (D-N.Y.) introduced a $369 billion climate and tax proposal in the Senate in late July 2022. The Senate bill, called the Inflation Reduction Act, is expected to significantly affect the number of Americans driving next generation automobiles by improving U.S. energy production and storage, supply chain, and manufacturing capabilities.</p><p>“With the Senate passage of the Inflation Reduction Act, the market is looking at the electric and autonomous vehicle sector with fresh eyes given the prospect of long-term government support,” added Direxion managing director and head of sales and alternatives Edward Egilinsky. “These stocks can be volatile in nature, and thus EVAV may be a utilized as a trading tool for those active traders looking to take advantage of short-term price swings.”</p><p>Earlier this week, Direxion launched the first four of its single-stock leveraged and inverse ETFs that allow sophisticated traders to obtain magnified or inverse exposure to the daily performance of the common stocks of Apple and Tesla.</p><p>“This environment is one that’s ripe for short-term tactical trading opportunities,” Mazza told VettaFi in a phone interview. “And we’re likely to be in an environment where, because of the Federal Reserve’s plans to increase interest rates, we see heightened volatility for some time, so there are opportunities for traders to be more tactical with their portfolios.”</p><p>All Direxion leveraged and inverse ETFs are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee these ETFs will meet their objectives.</p><p>EVAV has a net expense ratio of 1.07%.</p></body></html>","source":"lsy1640144260762","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>Daily 2X Leveraged Electric and Autonomous Vehicle ETF is Launched by Direxion </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\">\nDaily 2X Leveraged Electric and Autonomous Vehicle ETF is Launched by Direxion \n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-12 11:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.etftrends.com/leveraged-inverse-channel/direxion-launches-daily-2x-leveraged-electric-and-autonomous-vehicle-etf/><strong>ETF Trends</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Direxion, a provider of tradeable and thematic ETFs, today announced the launch of the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares. The fund seeks to achieve 200% of the daily ...</p>\n\n<a href=\"https://www.etftrends.com/leveraged-inverse-channel/direxion-launches-daily-2x-leveraged-electric-and-autonomous-vehicle-etf/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EVAV":"DIREXION DAILY ELECTRIC AND AUTONOMOUS VEHICLES BULL 2X SHARES","TSLA":"特斯拉","BLNK":"Blink Charging","LCID":"Lucid Group Inc","CHPT":"ChargePoint Holdings Inc.","NIO":"蔚来"},"source_url":"https://www.etftrends.com/leveraged-inverse-channel/direxion-launches-daily-2x-leveraged-electric-and-autonomous-vehicle-etf/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131277687","content_text":"Direxion, a provider of tradeable and thematic ETFs, today announced the launch of the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares. The fund seeks to achieve 200% of the daily performance of the Indxx US Electric and Autonomous Vehicles Index.The index provides exposure to 25 U.S.-listed companies poised to disrupt the existing transportation market by bringing new and cleaner modes of transportation, such as electric and autonomous vehicles. It includes companies beyond vehicle manufacturers to paint a more holistic picture of the industry. The index includes charging station manufacturers such as ChargePoint and Blink, companies involved in software development and the manufacturing of various electrical components, and electric vehicle manufacturers such as Tesla, Lucid, and NIO.“The path to long-term acceptance and widespread adoption of electric and autonomous vehicles is brighter than ever before,” said Direxion managing director and head of product Dave Mazza in a news release. “EVAV allows traders to take an amplified bullish position on electric and autonomous vehicles, along with the infrastructure to support them.”The global market share of electric and autonomous vehicles is expanding rapidly, with more than 10 million electric vehicles on the road today and an expected 66 million in the next 20 years. The number of autonomous vehicles is also expected to grow, with a projected 33 million autonomous cars on the road by 2040.Those growth projections came before Senators Joe Manchin (D-W.Va.) and Chuck Schumer (D-N.Y.) introduced a $369 billion climate and tax proposal in the Senate in late July 2022. The Senate bill, called the Inflation Reduction Act, is expected to significantly affect the number of Americans driving next generation automobiles by improving U.S. energy production and storage, supply chain, and manufacturing capabilities.“With the Senate passage of the Inflation Reduction Act, the market is looking at the electric and autonomous vehicle sector with fresh eyes given the prospect of long-term government support,” added Direxion managing director and head of sales and alternatives Edward Egilinsky. “These stocks can be volatile in nature, and thus EVAV may be a utilized as a trading tool for those active traders looking to take advantage of short-term price swings.”Earlier this week, Direxion launched the first four of its single-stock leveraged and inverse ETFs that allow sophisticated traders to obtain magnified or inverse exposure to the daily performance of the common stocks of Apple and Tesla.“This environment is one that’s ripe for short-term tactical trading opportunities,” Mazza told VettaFi in a phone interview. “And we’re likely to be in an environment where, because of the Federal Reserve’s plans to increase interest rates, we see heightened volatility for some time, so there are opportunities for traders to be more tactical with their portfolios.”All Direxion leveraged and inverse ETFs are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee these ETFs will meet their objectives.EVAV has a net expense ratio of 1.07%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9904202155,"gmtCreate":1660048263180,"gmtModify":1703477306929,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904202155","repostId":"2257467200","repostType":2,"repost":{"id":"2257467200","pubTimestamp":1660047647,"share":"https://www.laohu8.com/m/news/2257467200?lang=&edition=full","pubTime":"2022-08-09 20:20","market":"other","language":"en","title":"3 Cryptos Billionaires Are Buying Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2257467200","media":"Motley Fool","summary":"In search of new wealth-building opportunities, billionaire investors are seeking out higher returns with these three cryptocurrencies.","content":"<html><head></head><body><p>In the crypto world, a single tweet from a famous billionaire investor can send a crypto up or down in a matter of seconds. An influential billionaire like Warren Buffett can stir up Fear, Uncertainty, and Doubt (FUD) in the crypto marketplace with a brief interview on CNBC. And billionaires looking to prop up the value of their crypto assets often find ways to introduce new narratives into the mainstream media. All of this can affect the fortunes of your favorite crypto.</p><p>So it&#39;s worth keeping an eye on what some of the most prominent billionaires are buying right now. As might be expected, <b>Bitcoin</b> (BTC) is a favorite choice of billionaires looking to extend their wealth into new asset classes such as crypto. Lately, <b>Ethereum</b> (ETH) has been attracting its own share of billionaire supporters. And don&#39;t forget about meme coins. Billionaire investors appear to be leading the crowd into get-rich-quick coins such as <b>Dogecoin</b> (DOGE), once again proving the adage that you can never have too much money.</p><h2>Bitcoin</h2><p>Billionaire investor Michael Saylor is arguably the best-known Bitcoin supporter, and he shows no signs of backing down on his bullish Bitcoin stance. On Twitter, he regularly sends out enthusiastic Bitcoin tweets to 2.6 million followers, with each tweet designed to pump up the value of Bitcoin and protect his massive Bitcoin position. At the top of his Twitter page is a tweet that is destined to become an all-time classic: &#34;Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster and stronger behind a wall of encrypted energy.&#34;</p><p>Obviously, Saylor is a Bitcoin maximalist, meaning that he views Bitcoin as the end-all and be-all of crypto. So it&#39;s perhaps not surprising that the company that he runs, <b>MicroStrategy Inc.</b>, has a huge Bitcoin position, or that Saylor recently took on fellow billionaire Elon Musk in a Twitter beef over Bitcoin. At the beginning of August, Saylor stepped down as chief executive officer of the company to become executive chairman, solely so that he could dedicate more of his time to managing his Bitcoin position.</p><h2>Ethereum</h2><p>Billionaire investor Mark Cuban, the hugely influential sports team owner perhaps best known for his role on the TV show &#34;Shark Tank,&#34; has emerged as Ethereum&#39;s version of Michael Saylor. He calls himself an &#34;Ethereum maxi&#34; and regularly bangs the drum for Ethereum. As he sees it, Bitcoin might be a good store of value, but Ethereum is where all the action is. In terms of smart contracts, non-fungible tokens (NFTs) and decentralized applications, Ethereum has emerged as the premier blockchain in the world, according to Cuban. Earlier this year, Cuban revealed a massive position in Ethereum, and he now appears to be doubling down on his Ethereum investment strategy ahead of the Merge, which is a hugely anticipated technological upgrade to the Ethereum blockchain.</p><h2>Dogecoin and other meme coins</h2><p>Elon Musk, the world&#39;s richest person at the moment, stands out among the best-known billionaire investors for his willingness to embrace the volatility and uncertainty surrounding meme coins such as Dogecoin. In fact, he is known as The Dogefather on social media for his huge role in bringing Dogecoin to the masses. He seems to enjoy the ability to send the value of Dogecoin up or down with a single tweet and regularly sends out missives designed to appeal to the Dogecoin community on Twitter.</p><p>At the beginning of August, for example, he tweeted out a photo of him and his son with matching haircuts. That led to Dogecoin fans begging him to send out a photo of his son and his pet dog, a Shiba Inu named Floki. When Musk complied, he almost broke the internet -- in addition to Dogecoin and <b>Shiba Inu</b>, people were even pumping an obscure meme coin called <b>Floki Inu</b>, a cryptocurrency named for Elon&#39;s dog. What&#39;s really interesting -- and perhaps a bit terrifying -- is that fans of Dogecoin and Elon Musk can also buy a crypto called <b>Dogelon Mars</b>. The ticker symbol, naturally, is ELON.</p><p>If you&#39;re trying to emulate the success of the world&#39;s wealthiest investors, Bitcoin and Ethereum should be at the top of your crypto shopping list. Depending on how much risk you are willing to take, you might also consider taking a position in your favorite meme coin. But just remember -- the value of any asset can fall to zero, and that includes crypto assets named for pet dogs.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Cryptos Billionaires Are Buying Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Cryptos Billionaires Are Buying Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-09 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/08/3-cryptos-billionaires-are-buying-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the crypto world, a single tweet from a famous billionaire investor can send a crypto up or down in a matter of seconds. An influential billionaire like Warren Buffett can stir up Fear, Uncertainty...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/08/3-cryptos-billionaires-are-buying-now/\">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://www.fool.com/investing/2022/08/08/3-cryptos-billionaires-are-buying-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2257467200","content_text":"In the crypto world, a single tweet from a famous billionaire investor can send a crypto up or down in a matter of seconds. An influential billionaire like Warren Buffett can stir up Fear, Uncertainty, and Doubt (FUD) in the crypto marketplace with a brief interview on CNBC. And billionaires looking to prop up the value of their crypto assets often find ways to introduce new narratives into the mainstream media. All of this can affect the fortunes of your favorite crypto.So it's worth keeping an eye on what some of the most prominent billionaires are buying right now. As might be expected, Bitcoin (BTC) is a favorite choice of billionaires looking to extend their wealth into new asset classes such as crypto. Lately, Ethereum (ETH) has been attracting its own share of billionaire supporters. And don't forget about meme coins. Billionaire investors appear to be leading the crowd into get-rich-quick coins such as Dogecoin (DOGE), once again proving the adage that you can never have too much money.BitcoinBillionaire investor Michael Saylor is arguably the best-known Bitcoin supporter, and he shows no signs of backing down on his bullish Bitcoin stance. On Twitter, he regularly sends out enthusiastic Bitcoin tweets to 2.6 million followers, with each tweet designed to pump up the value of Bitcoin and protect his massive Bitcoin position. At the top of his Twitter page is a tweet that is destined to become an all-time classic: \"Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster and stronger behind a wall of encrypted energy.\"Obviously, Saylor is a Bitcoin maximalist, meaning that he views Bitcoin as the end-all and be-all of crypto. So it's perhaps not surprising that the company that he runs, MicroStrategy Inc., has a huge Bitcoin position, or that Saylor recently took on fellow billionaire Elon Musk in a Twitter beef over Bitcoin. At the beginning of August, Saylor stepped down as chief executive officer of the company to become executive chairman, solely so that he could dedicate more of his time to managing his Bitcoin position.EthereumBillionaire investor Mark Cuban, the hugely influential sports team owner perhaps best known for his role on the TV show \"Shark Tank,\" has emerged as Ethereum's version of Michael Saylor. He calls himself an \"Ethereum maxi\" and regularly bangs the drum for Ethereum. As he sees it, Bitcoin might be a good store of value, but Ethereum is where all the action is. In terms of smart contracts, non-fungible tokens (NFTs) and decentralized applications, Ethereum has emerged as the premier blockchain in the world, according to Cuban. Earlier this year, Cuban revealed a massive position in Ethereum, and he now appears to be doubling down on his Ethereum investment strategy ahead of the Merge, which is a hugely anticipated technological upgrade to the Ethereum blockchain.Dogecoin and other meme coinsElon Musk, the world's richest person at the moment, stands out among the best-known billionaire investors for his willingness to embrace the volatility and uncertainty surrounding meme coins such as Dogecoin. In fact, he is known as The Dogefather on social media for his huge role in bringing Dogecoin to the masses. He seems to enjoy the ability to send the value of Dogecoin up or down with a single tweet and regularly sends out missives designed to appeal to the Dogecoin community on Twitter.At the beginning of August, for example, he tweeted out a photo of him and his son with matching haircuts. That led to Dogecoin fans begging him to send out a photo of his son and his pet dog, a Shiba Inu named Floki. When Musk complied, he almost broke the internet -- in addition to Dogecoin and Shiba Inu, people were even pumping an obscure meme coin called Floki Inu, a cryptocurrency named for Elon's dog. What's really interesting -- and perhaps a bit terrifying -- is that fans of Dogecoin and Elon Musk can also buy a crypto called Dogelon Mars. The ticker symbol, naturally, is ELON.If you're trying to emulate the success of the world's wealthiest investors, Bitcoin and Ethereum should be at the top of your crypto shopping list. Depending on how much risk you are willing to take, you might also consider taking a position in your favorite meme coin. But just remember -- the value of any asset can fall to zero, and that includes crypto assets named for pet dogs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902635725,"gmtCreate":1659682889370,"gmtModify":1704979196824,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902635725","repostId":"1135689494","repostType":2,"repost":{"id":"1135689494","pubTimestamp":1659668360,"share":"https://www.laohu8.com/m/news/1135689494?lang=&edition=full","pubTime":"2022-08-05 10:59","market":"us","language":"en","title":"The S&P 500 Is so Close to Crossing This Crucial Level and Challenging the Bear Market’s Trend Line","url":"https://stock-news.laohu8.com/highlight/detail?id=1135689494","media":"MarketWatch","summary":"The S&P 500 index may be about to secure two major bullish milestones.First, the S&P has rallied fro","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/ea6106e9a547ecbd11e4b1585ce6eeb2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The S&amp;P 500 index may be about to secure two major bullish milestones.</p><p>First, the S&amp;P has rallied from that mid-June low right up to the major resistance at 4170. A two-day close above that level would be quite bullish and would set the stage for a challenge of the downtrend line defining this bear market as well as a challenge of the 200-day moving average – both of which are currently near 300.</p><p>Second, the trend of VIX is changing, which would mean an intermediate-term buy signal. More about that later.</p><p><img src=\"https://static.tigerbbs.com/ccbb5be06eeaeb0db7d871ef74649e09\" tg-width=\"699\" tg-height=\"524\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>As the stock market has advanced, certain indicators are getting overbought. They will eventually generate sell signals, and we will trade them as they occur.</p><p>One of the first is that SPX has now closed above its +4σ “modified Bollinger Band” (mBB). This will eventually set up a “classic” mBB sell signal when SPX eventually closes back below the +3σ Band.</p><p>However, we would not trade that signal. We will wait to see if there is confirmation of that “classic” sell, which would mean a McMillan Volatility Band (MVB) sell signal. That we would trade, but it is not necessarily guaranteed.</p><p>In any case, neither the “classic” nor the MVB sell signal has occurred yet.</p><p>Equity-only put-call ratios continue to fall, and thus both ratios remain bullish in their outlook for stocks. The weighted ratio has been dropping more rapidly and is already in the lower half of its chart. As long as these ratios are declining, that is bullish for the stock market.</p><p><img src=\"https://static.tigerbbs.com/63b93783d5d9c75f8bc46ae54eb666f3\" tg-width=\"700\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/aaf981c232327458623214120ffb979d\" tg-width=\"700\" tg-height=\"526\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Breadth has been strong on this rally, and both breadth oscillators remain on buy signals – rather deeply in overbought territory. That overbought condition is a positive thing in the initial stages of a new bullish phase in the stock market (and I believe we are still in the initial stages of this rally). The breadth oscillators are at such high numbers that they could withstand a couple of days of negative breadth and still remain on those buy signals. Eventually, a sell signal will occur from breadth, but that is not immediately at hand.</p><p>The lone remaining sell signal is the comparison of new 52-week highs vs. lows. New Highs on the NYSE are still small in number (25 on Wednesday, and the peak over the last week was 45 one day). Thus, this indicator remains negative.</p><p>VIX has continued to decline slowly as the market has risen. Even so, a major change of the intermediate-term trend of VIX appears to be at hand.</p><p>VIX crossed below its 200-day moving average last week, when it fell below 24. Now VIX’s 20-day MA is crossing below the 200-day MA. If it holds this cross below, it would mean that the trend of VIX is downward (i.e., both VIX and its 20-day MA are below the 200-day MA).</p><p>A downward-trending VIX is an intermediate-term buy signal for the stock market. This is the first time since last November that the trend of VIX has been downward.</p><p><a href=\"/investing/index/VIX?mod=MW_story_quote\" target=\"_blank\"><img src=\"https://static.tigerbbs.com/6f1dd8d20adff3ff251d0a512ae8afdc\" tg-width=\"699\" tg-height=\"524\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></a>The construct of volatility derivatives has improved as well. It had been modestly bullish for stocks, but now it is taking on a fully bullish stance. The term structure of the VIX futures slopes upward through (it is a little flat at the far end). Also, the term structure of the CBOE Volatility Indices is positive.</p><p>In summary, a “core” bearish position will no longer be justified if SPX closes above 4170 for two consecutive days, and that could happen very quickly. Meanwhile, we continue to hold our various long positions that were bought in line with our indicators. Eventually, we will begin to see sell signals, but they have not emerged yet.</p><h2><b>New recommendation: VIX trend buy signal</b></h2><p>As noted in the Market Commentary above, VIX is on the verge of a major intermediate-term buy signal for stocks in that it is beginning to trend downward. We want to trade that signal:</p><p><b>IF VIX</b><b><i>closes</i></b><b> below 24.00 today,</b> <b>THEN buy 1 SPY Sept (16th) at-the-money call And sell 1 SPY Sept (16th) call with a striking price 15 points higher.</b></p><p>If this position is established, we will hold it as long as $VIX does not cross back above its 200-day moving average. Specifically, stop yourself out if VIX closes above 24.60 for two consecutive days.</p><h2><b>New recommendation: SPX breakout buy signal</b></h2><p>Also as noted in the Market Commentary above, SPX is on the verge of a major upside breakout.</p><p><b>IF SPX</b> <b><i>closes</i></b><b> above 4170 for two consecutive days,</b> <b>THEN buy 1 SPY Sept (16th) at-the-money call And sell 1 SPY Sept (16th) call with a striking price 15 points higher.</b></p><p>If bought, we would stop ourselves out on an SPX close below 4070.</p><h2><b>New recommendation: VanEck Oil Services ETF</b></h2><p>This recommendation is based solely on the put-call ratio buy signal for the VanEck Oil Services ETF. From the accompanying chart, one can see that previous buy signals over the past year have been well-timed. Since these are high-priced options, we are going to use a call bull spread.</p><p><b>Buy 2 OIH Sept (16th) 230 calls</b> <b>And sell 2 OIH Sept (16th) 250 calls</b> <b>In line with the market.</b></p><p>OIH: 231.85 Sept (16th) 230-250 call bull spread: 8.30 bid, offered at 9.30</p><p>We will hold this position as long as the <i>weighted</i>put-call ratio for OIH remains on a buy signal.</p><h2><img src=\"https://static.tigerbbs.com/154326a8c0af9e76501f684982065a0d\" tg-width=\"700\" tg-height=\"520\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><b>Follow-up action</b></h2><p><b><i>All stops are mental closing stops unless otherwise noted.</i></b></p><p><b>We are going to implement a “standard” rolling procedure for our SPY spreads: in any vertical bull or bear spread, if the underlying hits the short strike, then roll the entire spread. That would be roll</b><b><i>up</i></b><b> in the case of a call bull spread or roll</b><b><i>down</i></b><b> in the case of a bear put spread. Stay in the same expiration, and keep the distance between the strikes the same unless otherwise instructed.</b></p><p><b>Long 6 AMLX Aug (19th) 22.5 calls:</b> Raise the closing stop to 21.50.</p><p><b>Long 1 SPY Aug (19th) 398 call and short 1 SPY Aug (19th) 418 call:</b> A SPY call bull spread was originally bought in line with the McMillan Volatility Band (MVB) buy signal, and it has been rolled. It was most recently rolled up when SPY traded at 398 on July 21. Its target is for SPX to touch the +4σ Band, and that has occurred, so sell this spread now.</p><p><b>Long 10 CRNT Aug (19th) 2.5 calls:</b> Aviat Networks  announced it had submitted a revised non-binding proposal to acquire all of the outstanding shares of Ceragon Networks for $3.08 per share ($2.80 in cash per share, plus $0.28 in equity consideration). Continue to hold for now.</p><p><b>Long 2 COWN Aug (19th) 30 calls:</b> The company received a takeover offer for $39 cash. Sell these calls at a price of 8.20 or more; leave the rest for the risk arbs.</p><p><b>Long 2 AAPL Sep (16th) 160 calls:</b>This position was rolled up when Apple traded at 160. We will hold these as long as the put-call ratio buy signal remains in effect.</p><p><b>Long 2 SPY Aug (19th) 411 calls and short 2 SPY Aug (19th) 426 calls:</b>These spreads were bought on July 21, when several indicators generated buy signals. Then they were rolled up when SPY traded at 411 on July 29. We will stop ourselves out of this trade in the following manner: sell half if the breadth oscillators roll back over to sell signals and sell half if the equity-only put-call ratios roll back to sell signals. Both remain on buy signals at this time (see the Market Comment above).</p><p><b>Long 1 SPY Sept (16th) 402 put and short 1 SPY Sept (16th) 377 put:</b>Stop out of this position if SPX closes above 4170.</p><p><b>Long 3 MRO Oct (21st) 24 calls:</b>we will hold this position as long as the put-call ratio for Marathon Oil remains on a buy signal.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Is so Close to Crossing This Crucial Level and Challenging the Bear Market’s Trend 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\">\nThe S&P 500 Is so Close to Crossing This Crucial Level and Challenging the Bear Market’s Trend Line\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-05 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-s-p-500-is-so-close-to-crossing-this-crucial-level-and-challenging-the-bear-markets-trend-line-01659622869?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 index may be about to secure two major bullish milestones.First, the S&P has rallied from that mid-June low right up to the major resistance at 4170. A two-day close above that level would...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-s-p-500-is-so-close-to-crossing-this-crucial-level-and-challenging-the-bear-markets-trend-line-01659622869?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRO":"马拉松石油","OIH":"石油服务ETF","COWN":"高宏集团","SPY":"标普500ETF","AMLX":"Amylyx Pharmaceuticals, Inc.","VIX":"标普500波动率指数","CRNT":"Ceragon网络"},"source_url":"https://www.marketwatch.com/story/the-s-p-500-is-so-close-to-crossing-this-crucial-level-and-challenging-the-bear-markets-trend-line-01659622869?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135689494","content_text":"The S&P 500 index may be about to secure two major bullish milestones.First, the S&P has rallied from that mid-June low right up to the major resistance at 4170. A two-day close above that level would be quite bullish and would set the stage for a challenge of the downtrend line defining this bear market as well as a challenge of the 200-day moving average – both of which are currently near 300.Second, the trend of VIX is changing, which would mean an intermediate-term buy signal. More about that later.As the stock market has advanced, certain indicators are getting overbought. They will eventually generate sell signals, and we will trade them as they occur.One of the first is that SPX has now closed above its +4σ “modified Bollinger Band” (mBB). This will eventually set up a “classic” mBB sell signal when SPX eventually closes back below the +3σ Band.However, we would not trade that signal. We will wait to see if there is confirmation of that “classic” sell, which would mean a McMillan Volatility Band (MVB) sell signal. That we would trade, but it is not necessarily guaranteed.In any case, neither the “classic” nor the MVB sell signal has occurred yet.Equity-only put-call ratios continue to fall, and thus both ratios remain bullish in their outlook for stocks. The weighted ratio has been dropping more rapidly and is already in the lower half of its chart. As long as these ratios are declining, that is bullish for the stock market.Breadth has been strong on this rally, and both breadth oscillators remain on buy signals – rather deeply in overbought territory. That overbought condition is a positive thing in the initial stages of a new bullish phase in the stock market (and I believe we are still in the initial stages of this rally). The breadth oscillators are at such high numbers that they could withstand a couple of days of negative breadth and still remain on those buy signals. Eventually, a sell signal will occur from breadth, but that is not immediately at hand.The lone remaining sell signal is the comparison of new 52-week highs vs. lows. New Highs on the NYSE are still small in number (25 on Wednesday, and the peak over the last week was 45 one day). Thus, this indicator remains negative.VIX has continued to decline slowly as the market has risen. Even so, a major change of the intermediate-term trend of VIX appears to be at hand.VIX crossed below its 200-day moving average last week, when it fell below 24. Now VIX’s 20-day MA is crossing below the 200-day MA. If it holds this cross below, it would mean that the trend of VIX is downward (i.e., both VIX and its 20-day MA are below the 200-day MA).A downward-trending VIX is an intermediate-term buy signal for the stock market. This is the first time since last November that the trend of VIX has been downward.The construct of volatility derivatives has improved as well. It had been modestly bullish for stocks, but now it is taking on a fully bullish stance. The term structure of the VIX futures slopes upward through (it is a little flat at the far end). Also, the term structure of the CBOE Volatility Indices is positive.In summary, a “core” bearish position will no longer be justified if SPX closes above 4170 for two consecutive days, and that could happen very quickly. Meanwhile, we continue to hold our various long positions that were bought in line with our indicators. Eventually, we will begin to see sell signals, but they have not emerged yet.New recommendation: VIX trend buy signalAs noted in the Market Commentary above, VIX is on the verge of a major intermediate-term buy signal for stocks in that it is beginning to trend downward. We want to trade that signal:IF VIXcloses below 24.00 today, THEN buy 1 SPY Sept (16th) at-the-money call And sell 1 SPY Sept (16th) call with a striking price 15 points higher.If this position is established, we will hold it as long as $VIX does not cross back above its 200-day moving average. Specifically, stop yourself out if VIX closes above 24.60 for two consecutive days.New recommendation: SPX breakout buy signalAlso as noted in the Market Commentary above, SPX is on the verge of a major upside breakout.IF SPX closes above 4170 for two consecutive days, THEN buy 1 SPY Sept (16th) at-the-money call And sell 1 SPY Sept (16th) call with a striking price 15 points higher.If bought, we would stop ourselves out on an SPX close below 4070.New recommendation: VanEck Oil Services ETFThis recommendation is based solely on the put-call ratio buy signal for the VanEck Oil Services ETF. From the accompanying chart, one can see that previous buy signals over the past year have been well-timed. Since these are high-priced options, we are going to use a call bull spread.Buy 2 OIH Sept (16th) 230 calls And sell 2 OIH Sept (16th) 250 calls In line with the market.OIH: 231.85 Sept (16th) 230-250 call bull spread: 8.30 bid, offered at 9.30We will hold this position as long as the weightedput-call ratio for OIH remains on a buy signal.Follow-up actionAll stops are mental closing stops unless otherwise noted.We are going to implement a “standard” rolling procedure for our SPY spreads: in any vertical bull or bear spread, if the underlying hits the short strike, then roll the entire spread. That would be rollup in the case of a call bull spread or rolldown in the case of a bear put spread. Stay in the same expiration, and keep the distance between the strikes the same unless otherwise instructed.Long 6 AMLX Aug (19th) 22.5 calls: Raise the closing stop to 21.50.Long 1 SPY Aug (19th) 398 call and short 1 SPY Aug (19th) 418 call: A SPY call bull spread was originally bought in line with the McMillan Volatility Band (MVB) buy signal, and it has been rolled. It was most recently rolled up when SPY traded at 398 on July 21. Its target is for SPX to touch the +4σ Band, and that has occurred, so sell this spread now.Long 10 CRNT Aug (19th) 2.5 calls: Aviat Networks  announced it had submitted a revised non-binding proposal to acquire all of the outstanding shares of Ceragon Networks for $3.08 per share ($2.80 in cash per share, plus $0.28 in equity consideration). Continue to hold for now.Long 2 COWN Aug (19th) 30 calls: The company received a takeover offer for $39 cash. Sell these calls at a price of 8.20 or more; leave the rest for the risk arbs.Long 2 AAPL Sep (16th) 160 calls:This position was rolled up when Apple traded at 160. We will hold these as long as the put-call ratio buy signal remains in effect.Long 2 SPY Aug (19th) 411 calls and short 2 SPY Aug (19th) 426 calls:These spreads were bought on July 21, when several indicators generated buy signals. Then they were rolled up when SPY traded at 411 on July 29. We will stop ourselves out of this trade in the following manner: sell half if the breadth oscillators roll back over to sell signals and sell half if the equity-only put-call ratios roll back to sell signals. Both remain on buy signals at this time (see the Market Comment above).Long 1 SPY Sept (16th) 402 put and short 1 SPY Sept (16th) 377 put:Stop out of this position if SPX closes above 4170.Long 3 MRO Oct (21st) 24 calls:we will hold this position as long as the put-call ratio for Marathon Oil remains on a buy signal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902994027,"gmtCreate":1659623473772,"gmtModify":1705993908604,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902994027","repostId":"2256993259","repostType":2,"repost":{"id":"2256993259","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":1659627509,"share":"https://www.laohu8.com/m/news/2256993259?lang=&edition=full","pubTime":"2022-08-04 23:38","market":"us","language":"en","title":"Wall Street's \"Fear Gauge\" in Limbo As Big Investors Keep Shunning Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2256993259","media":"Reuters","summary":"(Reuters) - Wall Street’s most closely watched gauge of market anxiety shows expectations of choppy ","content":"<html><head></head><body><p>(Reuters) - Wall Street’s most closely watched gauge of market anxiety shows expectations of choppy trading ahead despite a recent snapback in U.S. stocks, though institutional investors&#39; low exposure to equities may help curb gyrations.</p><p>The Cboe Volatility Index, an options-based indicator that reflects demand for protection against drops in the stock market, recently stood at 23, following a sharp rally in stocks that has taken the S&amp;P 500 index up 12% from its mid-June low on expectations that the Federal Reserve may be less hawkish than anticipated in its fight against inflation.</p><p>VIX readings above 20 are generally associated with an elevated sense of investor anxiety about the near-term outlook for stocks, while readings north of 30 or 35 point to acute fear.</p><p>The VIX is well above its long-term median of 17.7, signaling continued unease about the longer-term outlook for stocks. Still, it is down from its year high of almost 40 and has oscillated between 20 and 30 for six weeks, its longest time within that 10-point range in a year-and-a-half.</p><p>Meanwhile, the VVIX index - a gauge of expected swings in the fear index, slumped to a three-year low earlier this week, signaling investors do not expect sharp swings in either direction from the VIX.</p><p>&#34;There is just less of a concern of an outlier kind of move in the market,&#34; said Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.</p><p>The lowered expectations for extreme volatility come as investors assess whether stocks can sustain a rally in which the S&amp;P 500 in July notched its best one-month percentage gain since November 2020. The July rally followed stocks&#39; worst first half of the year since 1970.</p><p>San Francisco Fed President Mary Daly on Tuesday pushed back on expectations of a so-called dovish pivot from the Fed, saying that the central bank’s fight against inflation was &#34;nowhere near&#34; done, and data on U.S. employment on Friday and consumer prices next week could bolster the case for Fed hawkishness.</p><p>Meanwhile, several Wall Street banks have cast a skeptical eye on the recent rebound in stocks and warned of more downside ahead.</p><p>&#34;We view this as a bear market rally,&#34; wrote Savita Subramanian, equity and quant strategist at BofA Global Research in a report, noting that such rebounds have occurred an average of 1.5 times per bear market since 1929. The bank has a year-end target of 3,600 on the S&amp;P 500, about 14% below current levels.</p><h3>LOW EXPOSURE</h3><p>One factor that could help dampen market volatility in coming months is limited exposure to stocks among institutional investors, who earlier this year raced to cut their stock allocations as the Fed ramped up expectations that it will fight inflation with market-bruising interest rate hikes.</p><p>Despite the recent bounce, big investors&#39; exposure to stocks remains low. Equity positioning for both discretionary and systematic investors remains in the 12th percentile of its range since January 2010, according to a July 29 note by Deutsche Bank analysts.</p><p>&#34;Institutional positioning in equities is at the low end of its historical range,&#34; said Anand Omprakash, head of derivatives and quantitative strategy at Elevation Securities. &#34;You have a situation where the catalyst for an explosive equity crash is not as prevalent as it might have been in the past.&#34;</p><p>Lighter positioning means investors are not exhibiting the same rush to load up on options insurance against a downside move in stocks, a factor that can moderate the VIX&#39;s rise even if stocks come in for another bout of weakness.</p><p>The 10-day average daily trading volume in VIX options has slipped to about 360,000 contracts, the lowest since early January, according to a Reuters analysis.</p><p>Lighter allocations to equities may also take the edge off potential selloffs, said Max Grinacoff, U.S. equity derivatives strategist at BNP Paribas. His firm has a year-end target of 4,400 on the S&amp;P 500 - some 7% above current levels.</p><p>&#34;Because of how clean positioning has become through the year ... you are not having the impact from everyone running for the exit at once,&#34; he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street's \"Fear Gauge\" in Limbo As Big Investors Keep Shunning Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street's \"Fear Gauge\" in Limbo As Big Investors Keep Shunning Stocks\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\">2022-08-04 23:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Wall Street’s most closely watched gauge of market anxiety shows expectations of choppy trading ahead despite a recent snapback in U.S. stocks, though institutional investors&#39; low exposure to equities may help curb gyrations.</p><p>The Cboe Volatility Index, an options-based indicator that reflects demand for protection against drops in the stock market, recently stood at 23, following a sharp rally in stocks that has taken the S&amp;P 500 index up 12% from its mid-June low on expectations that the Federal Reserve may be less hawkish than anticipated in its fight against inflation.</p><p>VIX readings above 20 are generally associated with an elevated sense of investor anxiety about the near-term outlook for stocks, while readings north of 30 or 35 point to acute fear.</p><p>The VIX is well above its long-term median of 17.7, signaling continued unease about the longer-term outlook for stocks. Still, it is down from its year high of almost 40 and has oscillated between 20 and 30 for six weeks, its longest time within that 10-point range in a year-and-a-half.</p><p>Meanwhile, the VVIX index - a gauge of expected swings in the fear index, slumped to a three-year low earlier this week, signaling investors do not expect sharp swings in either direction from the VIX.</p><p>&#34;There is just less of a concern of an outlier kind of move in the market,&#34; said Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.</p><p>The lowered expectations for extreme volatility come as investors assess whether stocks can sustain a rally in which the S&amp;P 500 in July notched its best one-month percentage gain since November 2020. The July rally followed stocks&#39; worst first half of the year since 1970.</p><p>San Francisco Fed President Mary Daly on Tuesday pushed back on expectations of a so-called dovish pivot from the Fed, saying that the central bank’s fight against inflation was &#34;nowhere near&#34; done, and data on U.S. employment on Friday and consumer prices next week could bolster the case for Fed hawkishness.</p><p>Meanwhile, several Wall Street banks have cast a skeptical eye on the recent rebound in stocks and warned of more downside ahead.</p><p>&#34;We view this as a bear market rally,&#34; wrote Savita Subramanian, equity and quant strategist at BofA Global Research in a report, noting that such rebounds have occurred an average of 1.5 times per bear market since 1929. The bank has a year-end target of 3,600 on the S&amp;P 500, about 14% below current levels.</p><h3>LOW EXPOSURE</h3><p>One factor that could help dampen market volatility in coming months is limited exposure to stocks among institutional investors, who earlier this year raced to cut their stock allocations as the Fed ramped up expectations that it will fight inflation with market-bruising interest rate hikes.</p><p>Despite the recent bounce, big investors&#39; exposure to stocks remains low. Equity positioning for both discretionary and systematic investors remains in the 12th percentile of its range since January 2010, according to a July 29 note by Deutsche Bank analysts.</p><p>&#34;Institutional positioning in equities is at the low end of its historical range,&#34; said Anand Omprakash, head of derivatives and quantitative strategy at Elevation Securities. &#34;You have a situation where the catalyst for an explosive equity crash is not as prevalent as it might have been in the past.&#34;</p><p>Lighter positioning means investors are not exhibiting the same rush to load up on options insurance against a downside move in stocks, a factor that can moderate the VIX&#39;s rise even if stocks come in for another bout of weakness.</p><p>The 10-day average daily trading volume in VIX options has slipped to about 360,000 contracts, the lowest since early January, according to a Reuters analysis.</p><p>Lighter allocations to equities may also take the edge off potential selloffs, said Max Grinacoff, U.S. equity derivatives strategist at BNP Paribas. His firm has a year-end target of 4,400 on the S&amp;P 500 - some 7% above current levels.</p><p>&#34;Because of how clean positioning has become through the year ... you are not having the impact from everyone running for the exit at once,&#34; he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VXX":"短期VIX期货ETN","VIX":"标普500波动率指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256993259","content_text":"(Reuters) - Wall Street’s most closely watched gauge of market anxiety shows expectations of choppy trading ahead despite a recent snapback in U.S. stocks, though institutional investors' low exposure to equities may help curb gyrations.The Cboe Volatility Index, an options-based indicator that reflects demand for protection against drops in the stock market, recently stood at 23, following a sharp rally in stocks that has taken the S&P 500 index up 12% from its mid-June low on expectations that the Federal Reserve may be less hawkish than anticipated in its fight against inflation.VIX readings above 20 are generally associated with an elevated sense of investor anxiety about the near-term outlook for stocks, while readings north of 30 or 35 point to acute fear.The VIX is well above its long-term median of 17.7, signaling continued unease about the longer-term outlook for stocks. Still, it is down from its year high of almost 40 and has oscillated between 20 and 30 for six weeks, its longest time within that 10-point range in a year-and-a-half.Meanwhile, the VVIX index - a gauge of expected swings in the fear index, slumped to a three-year low earlier this week, signaling investors do not expect sharp swings in either direction from the VIX.\"There is just less of a concern of an outlier kind of move in the market,\" said Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.The lowered expectations for extreme volatility come as investors assess whether stocks can sustain a rally in which the S&P 500 in July notched its best one-month percentage gain since November 2020. The July rally followed stocks' worst first half of the year since 1970.San Francisco Fed President Mary Daly on Tuesday pushed back on expectations of a so-called dovish pivot from the Fed, saying that the central bank’s fight against inflation was \"nowhere near\" done, and data on U.S. employment on Friday and consumer prices next week could bolster the case for Fed hawkishness.Meanwhile, several Wall Street banks have cast a skeptical eye on the recent rebound in stocks and warned of more downside ahead.\"We view this as a bear market rally,\" wrote Savita Subramanian, equity and quant strategist at BofA Global Research in a report, noting that such rebounds have occurred an average of 1.5 times per bear market since 1929. The bank has a year-end target of 3,600 on the S&P 500, about 14% below current levels.LOW EXPOSUREOne factor that could help dampen market volatility in coming months is limited exposure to stocks among institutional investors, who earlier this year raced to cut their stock allocations as the Fed ramped up expectations that it will fight inflation with market-bruising interest rate hikes.Despite the recent bounce, big investors' exposure to stocks remains low. Equity positioning for both discretionary and systematic investors remains in the 12th percentile of its range since January 2010, according to a July 29 note by Deutsche Bank analysts.\"Institutional positioning in equities is at the low end of its historical range,\" said Anand Omprakash, head of derivatives and quantitative strategy at Elevation Securities. \"You have a situation where the catalyst for an explosive equity crash is not as prevalent as it might have been in the past.\"Lighter positioning means investors are not exhibiting the same rush to load up on options insurance against a downside move in stocks, a factor that can moderate the VIX's rise even if stocks come in for another bout of weakness.The 10-day average daily trading volume in VIX options has slipped to about 360,000 contracts, the lowest since early January, according to a Reuters analysis.Lighter allocations to equities may also take the edge off potential selloffs, said Max Grinacoff, U.S. equity derivatives strategist at BNP Paribas. His firm has a year-end target of 4,400 on the S&P 500 - some 7% above current levels.\"Because of how clean positioning has become through the year ... you are not having the impact from everyone running for the exit at once,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906148413,"gmtCreate":1659503265835,"gmtModify":1705981079266,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906148413","repostId":"1141367241","repostType":2,"repost":{"id":"1141367241","pubTimestamp":1659503109,"share":"https://www.laohu8.com/m/news/1141367241?lang=&edition=full","pubTime":"2022-08-03 13:05","market":"us","language":"en","title":"This Is What Whales Are Betting On Sea","url":"https://stock-news.laohu8.com/highlight/detail?id=1141367241","media":"Benzinga","summary":"A whale with a lot of money to spend has taken a noticeably bearish stance on Sea.Looking at options","content":"<html><head></head><body><p>A whale with a lot of money to spend has taken a noticeably bearish stance on <b>Sea</b>.</p><p>Looking at options history for Sea we detected 26 strange trades.</p><p>If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.</p><p>From the overall spotted trades, 9 are puts, for a total amount of $573,430 and 17, calls, for a total amount of $1,957,964.</p><p><b>What&#39;s The Price Target?</b></p><p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $79.0 to $470.0 for Sea over the last 3 months.</p><p><b>Volume &amp; Open Interest Development</b></p><p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Sea&#39;s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sea&#39;s whale trades within a strike price range from $79.0 to $470.0 in the last 30 days.</p><p><b>Sea Option Volume And Open Interest Over Last 30 Days</b></p><p><img src=\"https://community-static.tradeup.com/news/74f558c6dfe6746313166c13752da908\" tg-width=\"3840\" tg-height=\"2048\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Biggest Options Spotted:</b></p><table><thead><tr><th><b>Symbol</b></th><th><b>PUT/CALL</b></th><th><b>Trade Type</b></th><th><b>Sentiment</b></th><th><b>Exp. Date</b></th><th><b>Strike Price</b></th><th><b>Total Trade Price</b></th><th><b>Open Interest</b></th><th><b>Volume</b></th></tr></thead><tbody><tr><td>SE</td><td>CALL</td><td>TRADE</td><td>BULLISH</td><td>08/19/22</td><td>$95.00</td><td>$258.0K</td><td>1.9K</td><td>4.7K</td></tr><tr><td>SE</td><td>CALL</td><td>TRADE</td><td>BULLISH</td><td>08/19/22</td><td>$95.00</td><td>$255.0K</td><td>1.9K</td><td>6.3K</td></tr><tr><td>SE</td><td>CALL</td><td>SWEEP</td><td>NEUTRAL</td><td>08/19/22</td><td>$83.00</td><td>$229.6K</td><td>1.0K</td><td>467</td></tr><tr><td>SE</td><td>CALL</td><td>TRADE</td><td>BULLISH</td><td>08/19/22</td><td>$95.00</td><td>$229.5K</td><td>1.9K</td><td>3.1K</td></tr><tr><td>SE</td><td>CALL</td><td>TRADE</td><td>BULLISH</td><td>08/19/22</td><td>$95.00</td><td>$199.5K</td><td>1.9K</td><td>1.5K</td></tr></tbody></table><p><b>Where Is Sea Standing Right Now?</b></p><ul><li>With a volume of 3,673,562, the price of SE is up 2.93% at $79.5.</li><li>RSI indicators hint that the underlying stock may be approaching overbought.</li><li>Next earnings are expected to be released in 14 days.</li></ul><p><b>What The Experts Say On Sea:</b></p><ul><li>Stifel has decided to maintain their Buy rating on Sea, which currently sits at a price target of $105.</li><li>Barclays has decided to maintain their Overweight rating on Sea, which currently sits at a price target of $125.</li></ul><p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Is What Whales Are Betting On Sea</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Is What Whales Are Betting On Sea\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-03 13:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/options/22/08/28320355/this-is-what-whales-are-betting-on-sea><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A whale with a lot of money to spend has taken a noticeably bearish stance on Sea.Looking at options history for Sea we detected 26 strange trades.If we consider the specifics of each trade, it is ...</p>\n\n<a href=\"https://www.benzinga.com/markets/options/22/08/28320355/this-is-what-whales-are-betting-on-sea\">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://www.benzinga.com/markets/options/22/08/28320355/this-is-what-whales-are-betting-on-sea","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141367241","content_text":"A whale with a lot of money to spend has taken a noticeably bearish stance on Sea.Looking at options history for Sea we detected 26 strange trades.If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.From the overall spotted trades, 9 are puts, for a total amount of $573,430 and 17, calls, for a total amount of $1,957,964.What's The Price Target?Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $79.0 to $470.0 for Sea over the last 3 months.Volume & Open Interest DevelopmentLooking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Sea's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sea's whale trades within a strike price range from $79.0 to $470.0 in the last 30 days.Sea Option Volume And Open Interest Over Last 30 DaysBiggest Options Spotted:SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolumeSECALLTRADEBULLISH08/19/22$95.00$258.0K1.9K4.7KSECALLTRADEBULLISH08/19/22$95.00$255.0K1.9K6.3KSECALLSWEEPNEUTRAL08/19/22$83.00$229.6K1.0K467SECALLTRADEBULLISH08/19/22$95.00$229.5K1.9K3.1KSECALLTRADEBULLISH08/19/22$95.00$199.5K1.9K1.5KWhere Is Sea Standing Right Now?With a volume of 3,673,562, the price of SE is up 2.93% at $79.5.RSI indicators hint that the underlying stock may be approaching overbought.Next earnings are expected to be released in 14 days.What The Experts Say On Sea:Stifel has decided to maintain their Buy rating on Sea, which currently sits at a price target of $105.Barclays has decided to maintain their Overweight rating on Sea, which currently sits at a price target of $125.Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908702942,"gmtCreate":1659430621591,"gmtModify":1705980282880,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908702942","repostId":"1123959345","repostType":2,"repost":{"id":"1123959345","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":1659427736,"share":"https://www.laohu8.com/m/news/1123959345?lang=&edition=full","pubTime":"2022-08-02 16:08","market":"us","language":"en","title":"AMTD Digital Continued to Rally Over 10% in Premarket Trading After It Gained 10500% in 13 Days and Its Market Value Reached $150 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1123959345","media":"Tiger Newspress","summary":"AMTD Digital continued to rally over 10% in premarket trading after it gained 10500% in 13 days and ","content":"<html><head></head><body><p>AMTD Digital continued to rally over 10% in premarket trading after it gained 10500% in 13 days and its market value reached $150 billion.<img src=\"https://static.tigerbbs.com/9c85c75752fdabf1845843ed1850d5df\" tg-width=\"670\" tg-height=\"551\" width=\"100%\" height=\"auto\"/></p><p>Its operations include financial services, marketing, media and digital investments. It is a unit of AMTD IDEA Group, which has said it is transforming &#34;from a traditional-financial-services play&#34; by expanding in categories like the metaverse.</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>AMTD Digital Continued to Rally Over 10% in Premarket Trading After It Gained 10500% in 13 Days and Its Market Value Reached $150 Billion</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\">\nAMTD Digital Continued to Rally Over 10% in Premarket Trading After It Gained 10500% in 13 Days and Its Market Value Reached $150 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-02 16:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>AMTD Digital continued to rally over 10% in premarket trading after it gained 10500% in 13 days and its market value reached $150 billion.<img src=\"https://static.tigerbbs.com/9c85c75752fdabf1845843ed1850d5df\" tg-width=\"670\" tg-height=\"551\" width=\"100%\" height=\"auto\"/></p><p>Its operations include financial services, marketing, media and digital investments. It is a unit of AMTD IDEA Group, which has said it is transforming &#34;from a traditional-financial-services play&#34; by expanding in categories like the metaverse.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HKD":"尚乘数科"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123959345","content_text":"AMTD Digital continued to rally over 10% in premarket trading after it gained 10500% in 13 days and its market value reached $150 billion.Its operations include financial services, marketing, media and digital investments. It is a unit of AMTD IDEA Group, which has said it is transforming \"from a traditional-financial-services play\" by expanding in categories like the metaverse.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901603441,"gmtCreate":1659174825483,"gmtModify":1676536268877,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901603441","repostId":"1167462110","repostType":2,"repost":{"id":"1167462110","pubTimestamp":1659137882,"share":"https://www.laohu8.com/m/news/1167462110?lang=&edition=full","pubTime":"2022-07-30 07:38","market":"us","language":"en","title":"SPY: The Bears Will Be Left Holding A Participation Trophy","url":"https://stock-news.laohu8.com/highlight/detail?id=1167462110","media":"seekingalpha","summary":"SummaryThe S&P 500 has gained momentum on an overall solid earnings season with a shifting macro env","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The S&amp;P 500 has gained momentum on an overall solid earnings season with a shifting macro environment.</li><li>An expectation for inflation to trend lower will set the stage for improving economic conditions going forward.</li><li>We are bullish on stocks and expect the rally to accelerate.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f744fd0ae071b9c2cf8c20afa3a5d7d7\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\"/><span>Motortion</span></p><p>The market action has turned decisively bullish with the S&amp;P 500 (NYSEARCA:SPY) up over 13% from its June cycle low. What we&#39;re seeing is a shifting narrative where the major macro headwinds from the first half of the year arebeing left behind with stocks starting to price in improving conditions. The news flash is that the doom-and-gloomers with a pocalyptic calls for a depression-style crash may end up being wrong. The momentum in stocks right now is real and our message here is that we expect more upside.</p><p><b>A Technical Recession Is No Problem</b></p><p>Inflation has been hot, interest rates are higher, and the latest Q2 GDP data confirmed a technical recession. That being said, the overall economy appears relatively stable or resilient with room to emerge out of this rough patch. The bigger point here is that Q2 is history with an understanding that stocks are forward-looking. From a macro perspective, the scenario we see playing out is the soft landing.</p><p>Briefly, our take on the 0.9% decline in the Q2 GDP is to keep in mind that the economy was historically strong in 2021, growing by a massive 5.7%, in part fueled by the record stimulus last year. The result left both a tough comparison base and added a layer of volatility beyond the headline-making supply chain disruptions and geopolitical issues that defined the quarter. What&#39;s more positive is the real growth on a 2- and 3-year stacked basis from pre-pandemic levels. It&#39;s also encouraging that the quarter-over-quarter decline narrowed compared to the Q1 trend.</p><p>Other data has been more positive including the low unemployment rate and latest retail sales. In our view, the U.S. consumer as a group has been bruised, but otherwise alive and well.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f471219423737fa34aa6d51422e1f5a0\" tg-width=\"640\" tg-height=\"334\" referrerpolicy=\"no-referrer\"/><span>source: tradingeconomics</span></p><p><b>Peak Inflation and Peak Fed Hawkishness</b></p><p>All indications are that inflation will begin to trend lower which removes one of the main culprits of the recent economic weakness. From there, the latest Fed rate hike likely marked &#34;peak hawkishness&#34; by removing the urgency to get more and more aggressive at future meetings. Inflation, as it relates to a near double-digit annual rate, may very well end up being transitory if we&#39;re allowed to un-retire that word.</p><p>The most positive indication is the sharp drop in gas prices which will directly hit the CPI over the next few months. According to data from &#34;GasBuddy&#34;, the national average for gas prices in the U.S. is down 78 cents from its peak in mid-June and forecast to drop under $4.00 per gallon over the next few weeks. Consumers are spending less on gas today than last month which means more money for other stuff.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d90d4f10e471f95a70656feacfb33d65\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/><span>source: Twitter</span></p><p>Companies complainingabout high costs are set to get some breathing room. Most commodities are down 10-20% or more from their highs. Furthermore, we can highlight that reports of major retailers moving to discount merchandise to deal with a glut of inventory will also help cool inflation on the goods side. This is important because it plays into both a potential rebound of consumer sentiment and improved economic activity into 2023.</p><p>Investors need to start looking ahead toward the July CPI data release on August 10th. It&#39;s not a stretch to imagine that a cold inflation rate print that day will be read positively and can work as a catalyst for the next leg higher in stocks. The Fed may come into September FOMC with some swagger based on evidence their strategy is working. Call it effective execution, good timing, or just dumb luck; but a combination of inflation expectations trending lower while leading economic indicators rebound higher is a strong setup for risk assets. That&#39;s why we&#39;re bullish.</p><p><b>The Earnings That Really Matter</b></p><p>With Q2 earnings season in full swing, what we&#39;re seeing is that the companies that matter, being the mega-cap leaders, are proving capable of effectively navigating the current environment. The bullish case for the S&amp;P 500 got a lift this week with Amazon.com (AMZN) and Apple Inc. (AAPL) both beating estimates adding some confidence to both economic conditions and the market earnings trajectory.</p><p>The reports from other high-profile names like Alphabet Inc. (GOOGL), Microsoft Corp. (MSFT), and Tesla, Inc. (TSLA) were also positive. Notably, these stocks are among the largest constituents of the S&amp;P 500 which makes the index hard to bet against. At the end of the day, earnings growth is the most important driver for stock market performance.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a81fd6f1229142dc7dfd044c031387a7\" tg-width=\"602\" tg-height=\"586\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>One of the most controversial data points right now is the outlook for S&amp;P 500 earnings to climb 10% this year to $229.14. Any bearish case for stocks essentially needs that number to be wrong and drastically underperform expectations, maybe from a collapse in the economy. It hasn&#39;t happened thus far and we don&#39;t think it will. The Q2 earnings season is helping to reaffirm the S&amp;P 500 bottom-up EPS estimates.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/166116ac51259509bf3bf659acda1ae5\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/><span>source: FactSet Research Systems</span></p><p>The other side to the earnings trend is the impact on valuations. The chart below makes it clear that the market is cheap considering earnings are climbing even as stock prices are down from their peak. With the S&amp;P 500 currently trading at around the index level of 4100, the implied 12-month market forward P/E is 17x, which is below the 5-year average of 18.5x, around 9% higher. The upside here should consider that as macro conditions improve, earnings estimates have room to be revised even higher, making stocks appear even more attractive. A dynamic of multiples expansion can take hold.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/700439f883ca2e0ab354c8bb6b980324\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/><span>source: FactSet</span></p><p><b>Behavioral Biases Are Dangerous</b></p><p>Putting it all together, we attempted to show that some of the biggest storm clouds are passing and there is light at the end of the tunnel. Anyone with a short position on stocks or even sitting on the sidelines is likely sweating amid the rally in recent weeks.</p><p>We sense that a large segment of the market is falling for a couple of textbook behavioral biases related to cognitive dissonance. The main concept here is the trap of getting too emotionally attached to the bearish (or bullish) case in stocks for any number of reasons.</p><p>In truth, the allure of being a market bear is tempting. There is just something extra gratifying about shorting a stock and making money while the big wigs on Wall Street have a buy rating. Doom and gloom commentary against the grain always seems to come off as extra smart. Similarly, it&#39;s fair to say that the current political environment is conducive to keeping a cynical view on things. A call against the market may seem like a referendum against the status quo or even a judgment on global Central Banking orthodoxy. It&#39;s understandable, we get it, but it doesn&#39;t work like that. The market doesn&#39;t care about opinions and keeping an open mind is the way to go.</p><p>It&#39;s important to incorporate new information to make more objective decisions to overcome what&#39;s known as conservatism bias. Bears may also be expressing some confirmation bias by only valuing the data points that help reaffirm their pessimistic outlook. The headline of Q2 GDP decline may have fed into a view that the economy is falling apart and stocks will crash lower, but what we say was the S&amp;P 500 surged by over 1% on the report.</p><p><b>What&#39;s Next?</b></p><p>The next test for the S&amp;P 500 will be at the index level of 4,200 corresponding to around $420 in the SPY ETF. Let&#39;s go. We then see SPX retesting 4,500 which is a level it last traded at in mid-April. On the downside, 4,000 is the first level of support while a break under 3,800 or $380 in SPY would be indicative of a more serious deterioration.</p><p>On that point, it&#39;s always worth covering some of the risks. We can bring up the ongoing Russia-Ukraine war, which still has the potential to escalate, would force a reassessment of global stability. Energy prices are also a key monitoring point. Significantly higher oil and gas prices could kickstart a new round of inflation which would undermine the bullish case for equities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f1785b169a249f7f1d138140fde7d84\" tg-width=\"640\" tg-height=\"308\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>The way we see it playing out is that the market narrative will take some time to change. Some don&#39;t want to believe it. People are still talking about high gas prices and record inflation. The Q2 GDP print and big recession word is the headline de jour.</p><p>Fast forward, the door for economic data to come in better than expected over the next few months sets the stage for a new theme of recovery and stronger sentiment. If stocks continue to trend higher, the action will evolve into a fear of missing out for anyone on the sidelines while shorts rush to cover. The momentum can accelerate. Bears were winners to start 2022 but may ultimately be left just holding a participation trophy.</p><p>This article was written by BOOX Research</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>SPY: The Bears Will Be Left Holding A Participation Trophy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSPY: The Bears Will Be Left Holding A Participation Trophy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-30 07:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4527348-spy-market-gained-momentum-solid-earnings-season?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Atrending_articles%7Cline%3A11><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe S&P 500 has gained momentum on an overall solid earnings season with a shifting macro environment.An expectation for inflation to trend lower will set the stage for improving economic ...</p>\n\n<a href=\"https://seekingalpha.com/article/4527348-spy-market-gained-momentum-solid-earnings-season?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Atrending_articles%7Cline%3A11\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4527348-spy-market-gained-momentum-solid-earnings-season?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Atrending_articles%7Cline%3A11","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1167462110","content_text":"SummaryThe S&P 500 has gained momentum on an overall solid earnings season with a shifting macro environment.An expectation for inflation to trend lower will set the stage for improving economic conditions going forward.We are bullish on stocks and expect the rally to accelerate.MotortionThe market action has turned decisively bullish with the S&P 500 (NYSEARCA:SPY) up over 13% from its June cycle low. What we're seeing is a shifting narrative where the major macro headwinds from the first half of the year arebeing left behind with stocks starting to price in improving conditions. The news flash is that the doom-and-gloomers with a pocalyptic calls for a depression-style crash may end up being wrong. The momentum in stocks right now is real and our message here is that we expect more upside.A Technical Recession Is No ProblemInflation has been hot, interest rates are higher, and the latest Q2 GDP data confirmed a technical recession. That being said, the overall economy appears relatively stable or resilient with room to emerge out of this rough patch. The bigger point here is that Q2 is history with an understanding that stocks are forward-looking. From a macro perspective, the scenario we see playing out is the soft landing.Briefly, our take on the 0.9% decline in the Q2 GDP is to keep in mind that the economy was historically strong in 2021, growing by a massive 5.7%, in part fueled by the record stimulus last year. The result left both a tough comparison base and added a layer of volatility beyond the headline-making supply chain disruptions and geopolitical issues that defined the quarter. What's more positive is the real growth on a 2- and 3-year stacked basis from pre-pandemic levels. It's also encouraging that the quarter-over-quarter decline narrowed compared to the Q1 trend.Other data has been more positive including the low unemployment rate and latest retail sales. In our view, the U.S. consumer as a group has been bruised, but otherwise alive and well.source: tradingeconomicsPeak Inflation and Peak Fed HawkishnessAll indications are that inflation will begin to trend lower which removes one of the main culprits of the recent economic weakness. From there, the latest Fed rate hike likely marked \"peak hawkishness\" by removing the urgency to get more and more aggressive at future meetings. Inflation, as it relates to a near double-digit annual rate, may very well end up being transitory if we're allowed to un-retire that word.The most positive indication is the sharp drop in gas prices which will directly hit the CPI over the next few months. According to data from \"GasBuddy\", the national average for gas prices in the U.S. is down 78 cents from its peak in mid-June and forecast to drop under $4.00 per gallon over the next few weeks. Consumers are spending less on gas today than last month which means more money for other stuff.source: TwitterCompanies complainingabout high costs are set to get some breathing room. Most commodities are down 10-20% or more from their highs. Furthermore, we can highlight that reports of major retailers moving to discount merchandise to deal with a glut of inventory will also help cool inflation on the goods side. This is important because it plays into both a potential rebound of consumer sentiment and improved economic activity into 2023.Investors need to start looking ahead toward the July CPI data release on August 10th. It's not a stretch to imagine that a cold inflation rate print that day will be read positively and can work as a catalyst for the next leg higher in stocks. The Fed may come into September FOMC with some swagger based on evidence their strategy is working. Call it effective execution, good timing, or just dumb luck; but a combination of inflation expectations trending lower while leading economic indicators rebound higher is a strong setup for risk assets. That's why we're bullish.The Earnings That Really MatterWith Q2 earnings season in full swing, what we're seeing is that the companies that matter, being the mega-cap leaders, are proving capable of effectively navigating the current environment. The bullish case for the S&P 500 got a lift this week with Amazon.com (AMZN) and Apple Inc. (AAPL) both beating estimates adding some confidence to both economic conditions and the market earnings trajectory.The reports from other high-profile names like Alphabet Inc. (GOOGL), Microsoft Corp. (MSFT), and Tesla, Inc. (TSLA) were also positive. Notably, these stocks are among the largest constituents of the S&P 500 which makes the index hard to bet against. At the end of the day, earnings growth is the most important driver for stock market performance.Seeking AlphaOne of the most controversial data points right now is the outlook for S&P 500 earnings to climb 10% this year to $229.14. Any bearish case for stocks essentially needs that number to be wrong and drastically underperform expectations, maybe from a collapse in the economy. It hasn't happened thus far and we don't think it will. The Q2 earnings season is helping to reaffirm the S&P 500 bottom-up EPS estimates.source: FactSet Research SystemsThe other side to the earnings trend is the impact on valuations. The chart below makes it clear that the market is cheap considering earnings are climbing even as stock prices are down from their peak. With the S&P 500 currently trading at around the index level of 4100, the implied 12-month market forward P/E is 17x, which is below the 5-year average of 18.5x, around 9% higher. The upside here should consider that as macro conditions improve, earnings estimates have room to be revised even higher, making stocks appear even more attractive. A dynamic of multiples expansion can take hold.source: FactSetBehavioral Biases Are DangerousPutting it all together, we attempted to show that some of the biggest storm clouds are passing and there is light at the end of the tunnel. Anyone with a short position on stocks or even sitting on the sidelines is likely sweating amid the rally in recent weeks.We sense that a large segment of the market is falling for a couple of textbook behavioral biases related to cognitive dissonance. The main concept here is the trap of getting too emotionally attached to the bearish (or bullish) case in stocks for any number of reasons.In truth, the allure of being a market bear is tempting. There is just something extra gratifying about shorting a stock and making money while the big wigs on Wall Street have a buy rating. Doom and gloom commentary against the grain always seems to come off as extra smart. Similarly, it's fair to say that the current political environment is conducive to keeping a cynical view on things. A call against the market may seem like a referendum against the status quo or even a judgment on global Central Banking orthodoxy. It's understandable, we get it, but it doesn't work like that. The market doesn't care about opinions and keeping an open mind is the way to go.It's important to incorporate new information to make more objective decisions to overcome what's known as conservatism bias. Bears may also be expressing some confirmation bias by only valuing the data points that help reaffirm their pessimistic outlook. The headline of Q2 GDP decline may have fed into a view that the economy is falling apart and stocks will crash lower, but what we say was the S&P 500 surged by over 1% on the report.What's Next?The next test for the S&P 500 will be at the index level of 4,200 corresponding to around $420 in the SPY ETF. Let's go. We then see SPX retesting 4,500 which is a level it last traded at in mid-April. On the downside, 4,000 is the first level of support while a break under 3,800 or $380 in SPY would be indicative of a more serious deterioration.On that point, it's always worth covering some of the risks. We can bring up the ongoing Russia-Ukraine war, which still has the potential to escalate, would force a reassessment of global stability. Energy prices are also a key monitoring point. Significantly higher oil and gas prices could kickstart a new round of inflation which would undermine the bullish case for equities.Seeking AlphaThe way we see it playing out is that the market narrative will take some time to change. Some don't want to believe it. People are still talking about high gas prices and record inflation. The Q2 GDP print and big recession word is the headline de jour.Fast forward, the door for economic data to come in better than expected over the next few months sets the stage for a new theme of recovery and stronger sentiment. If stocks continue to trend higher, the action will evolve into a fear of missing out for anyone on the sidelines while shorts rush to cover. The momentum can accelerate. Bears were winners to start 2022 but may ultimately be left just holding a participation trophy.This article was written by BOOX Research","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071095537,"gmtCreate":1657425672829,"gmtModify":1676536006567,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071095537","repostId":"1129631735","repostType":2,"repost":{"id":"1129631735","pubTimestamp":1657421087,"share":"https://www.laohu8.com/m/news/1129631735?lang=&edition=full","pubTime":"2022-07-10 10:44","market":"us","language":"en","title":"Beyond Meat Stock Is a Busted Growth Play Not Worth Chasing","url":"https://stock-news.laohu8.com/highlight/detail?id=1129631735","media":"InvestorPlace","summary":"Down more than 80% in the past year, Beyond Meat(BYND) may seem oversold at first glance.Given slowi","content":"<html><head></head><body><ul><li>Down more than 80% in the past year, <b>Beyond Meat</b>(<b><u>BYND</u></b>) may seem oversold at first glance.</li><li>Given slowing revenue growth and soaring losses, this move lower was more than justified.</li><li>As there is little to suggest that it will re-enter growth mode anytime soon, skip out on this busted growth play.</li></ul><p>No matter your opinion of plant-based meat, the most important thing to think of when it comes to investing in <b>Beyond Meat</b>(NASDAQ:<b><u>BYND</u></b>) or not is whether this product can become widely-consumed and profitable in the long-term. The verdict? So far, it’s murky at best. That’s a big reason why BYND stock has performed so poorly over the past twelve months.</p><p>Trading for nearly $150 per share a year ago, today it trades for just a fraction of that. To some bottom-fishers, today’s prices may seem like a big discount. However, there’s little to suggest that is truly the case. Instead, as its revenue growth keeps slowing down and it keeps on facing issues getting to the point of profitability, shares are more likely to see further drops than a pop out of left field.</p><p>With this in mind, your best move here is clear. Stay away from this busted growth play.</p><p><b>BYND Stock and its Extended Slide in Price</b></p><p>At first, you may think that Beyond Meat, like a lot of other high-flyers from the 2020 and 2021 market, has simply plunged in tandem with its peers since late last year.</p><p>However, take a look at a stock chart. You’ll see that the extended price slide with BYND stock began well before the most recent bull market came to an end. That is, shares began their descent last June. The main reason was quarter after quarter of disappointing results.</p><p>For example, this can be seen in its full-year numbers for 2021. As U.S. demand for plant-based meat faded, sales growth took a serious hit, with revenue only rising14.2%during the year. Coupled with this sales deceleration has been rising costs. The impact of inflation on ingredients, labor, and shipping expenses has resulted in Beyond Meat falling deeper in the red.</p><p>Per sell-side earnings estimates, high losses are expected to continue this year, next year, and in 2024. It’s going to be difficult for shares, despite their more than 81% drop in the past twelve months, to mount much of a recovery. This is even as some more optimistic investors may believe its fortunes could improve despite the gloomy earnings forecast.</p><p><b>Will New Product Launches Save the Day?</b></p><p>While I’m bearish on BYND stock, I will admit that it’s not as if management is sitting on its hands. Beyond Meat’s C-suite is at work pursuing paths to re-accelerated revenue growth and an eventual move out of the red into consistent profitability. So, what’s the issue? It’s still too early to determine whether these efforts will pay off or not.</p><p>For instance, the company has planned a launch of a plant-based steak product. So far, its beef-substitute products have mimicked the taste and mouthfeel of ground beef rather than steak. Expanded product offerings could in theory help it return to growth mode. But it also might not. The issue with sales growth may not be a lack of product offerings.</p><p>Instead, it may be due to the fact that the total addressable market for plant-based meat is much smaller than previously expected. Despite all the talk of the environmental and health benefits of a plant-based diet, most people aren’t interested in passing up on meat completely. Not even the potential for price parity between real meat and plant-based meat may do much to change this dynamic.</p><p><b>The Verdict on BYND Stock</b></p><p>Currently, Beyond Meat stock earns an “F” rating in my <i>Portfolio Grader</i>. Put simply, after quarters of disappointment, it’s hard to see this company being on the cusp of getting back into high-growth mode.</p><p>That’s not to say that things are necessarily going to get worse for Beyond Meat. It could continue to grow sales at a modest pace. I’ll admit that this product is more than a fad. There is a market for vegan “meat.”</p><p>However, there’s just not a tremendous market for this product. Instead, like meat substitutes of the past, it’s a niche product with limited growth prospects. With the stock’s tremendous drop since last year, the market has all but admitted this.</p><p>Still, a good deal of the past hype for it remains priced-in. Shares continue to trade at too high of a price-to-sales ratio. Until this premium fades, avoid BYND stock.</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>Beyond Meat Stock Is a Busted Growth Play Not Worth Chasing</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\">\nBeyond Meat Stock Is a Busted Growth Play Not Worth Chasing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-10 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/07/bynd-stock-busted-growth-play-not-worth-chasing/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Down more than 80% in the past year, Beyond Meat(BYND) may seem oversold at first glance.Given slowing revenue growth and soaring losses, this move lower was more than justified.As there is little to ...</p>\n\n<a href=\"https://investorplace.com/2022/07/bynd-stock-busted-growth-play-not-worth-chasing/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc."},"source_url":"https://investorplace.com/2022/07/bynd-stock-busted-growth-play-not-worth-chasing/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129631735","content_text":"Down more than 80% in the past year, Beyond Meat(BYND) may seem oversold at first glance.Given slowing revenue growth and soaring losses, this move lower was more than justified.As there is little to suggest that it will re-enter growth mode anytime soon, skip out on this busted growth play.No matter your opinion of plant-based meat, the most important thing to think of when it comes to investing in Beyond Meat(NASDAQ:BYND) or not is whether this product can become widely-consumed and profitable in the long-term. The verdict? So far, it’s murky at best. That’s a big reason why BYND stock has performed so poorly over the past twelve months.Trading for nearly $150 per share a year ago, today it trades for just a fraction of that. To some bottom-fishers, today’s prices may seem like a big discount. However, there’s little to suggest that is truly the case. Instead, as its revenue growth keeps slowing down and it keeps on facing issues getting to the point of profitability, shares are more likely to see further drops than a pop out of left field.With this in mind, your best move here is clear. Stay away from this busted growth play.BYND Stock and its Extended Slide in PriceAt first, you may think that Beyond Meat, like a lot of other high-flyers from the 2020 and 2021 market, has simply plunged in tandem with its peers since late last year.However, take a look at a stock chart. You’ll see that the extended price slide with BYND stock began well before the most recent bull market came to an end. That is, shares began their descent last June. The main reason was quarter after quarter of disappointing results.For example, this can be seen in its full-year numbers for 2021. As U.S. demand for plant-based meat faded, sales growth took a serious hit, with revenue only rising14.2%during the year. Coupled with this sales deceleration has been rising costs. The impact of inflation on ingredients, labor, and shipping expenses has resulted in Beyond Meat falling deeper in the red.Per sell-side earnings estimates, high losses are expected to continue this year, next year, and in 2024. It’s going to be difficult for shares, despite their more than 81% drop in the past twelve months, to mount much of a recovery. This is even as some more optimistic investors may believe its fortunes could improve despite the gloomy earnings forecast.Will New Product Launches Save the Day?While I’m bearish on BYND stock, I will admit that it’s not as if management is sitting on its hands. Beyond Meat’s C-suite is at work pursuing paths to re-accelerated revenue growth and an eventual move out of the red into consistent profitability. So, what’s the issue? It’s still too early to determine whether these efforts will pay off or not.For instance, the company has planned a launch of a plant-based steak product. So far, its beef-substitute products have mimicked the taste and mouthfeel of ground beef rather than steak. Expanded product offerings could in theory help it return to growth mode. But it also might not. The issue with sales growth may not be a lack of product offerings.Instead, it may be due to the fact that the total addressable market for plant-based meat is much smaller than previously expected. Despite all the talk of the environmental and health benefits of a plant-based diet, most people aren’t interested in passing up on meat completely. Not even the potential for price parity between real meat and plant-based meat may do much to change this dynamic.The Verdict on BYND StockCurrently, Beyond Meat stock earns an “F” rating in my Portfolio Grader. Put simply, after quarters of disappointment, it’s hard to see this company being on the cusp of getting back into high-growth mode.That’s not to say that things are necessarily going to get worse for Beyond Meat. It could continue to grow sales at a modest pace. I’ll admit that this product is more than a fad. There is a market for vegan “meat.”However, there’s just not a tremendous market for this product. Instead, like meat substitutes of the past, it’s a niche product with limited growth prospects. With the stock’s tremendous drop since last year, the market has all but admitted this.Still, a good deal of the past hype for it remains priced-in. Shares continue to trade at too high of a price-to-sales ratio. Until this premium fades, avoid BYND stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079601435,"gmtCreate":1657182460027,"gmtModify":1676535965396,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Expected but not yet&nbsp;","listText":"Expected but not yet&nbsp;","text":"Expected but not yet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079601435","repostId":"1154747137","repostType":2,"repost":{"id":"1154747137","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":1657193932,"share":"https://www.laohu8.com/m/news/1154747137?lang=&edition=full","pubTime":"2022-07-07 19:38","market":"nz","language":"en","title":"Boris Johnson Resigns As British PM","url":"https://stock-news.laohu8.com/highlight/detail?id=1154747137","media":"Reuters","summary":"LONDON, July 7 (Reuters) - Boris Johnson said on Thursday he was resigning as Britain's prime minist","content":"<html><head></head><body><p>LONDON, July 7 (Reuters) - Boris Johnson said on Thursday he was resigning as Britain&#39;s prime minister, bowing to calls from ministerial colleagues and lawmakers in his Conservative Party.</p><p>&#34;The process of choosing that new leader should begin now,&#34; Johnson said at the door of Number 10 Downing Street.</p><p>&#34;And today I have appointed a cabinet to serve, as I will, until a new leader is in place.&#34;</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>Boris Johnson Resigns As British PM</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\">\nBoris Johnson Resigns As British PM\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\">2022-07-07 19:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>LONDON, July 7 (Reuters) - Boris Johnson said on Thursday he was resigning as Britain&#39;s prime minister, bowing to calls from ministerial colleagues and lawmakers in his Conservative Party.</p><p>&#34;The process of choosing that new leader should begin now,&#34; Johnson said at the door of Number 10 Downing Street.</p><p>&#34;And today I have appointed a cabinet to serve, as I will, until a new leader is in place.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VUKE.UK":"英国富时100"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154747137","content_text":"LONDON, July 7 (Reuters) - Boris Johnson said on Thursday he was resigning as Britain's prime minister, bowing to calls from ministerial colleagues and lawmakers in his Conservative Party.\"The process of choosing that new leader should begin now,\" Johnson said at the door of Number 10 Downing Street.\"And today I have appointed a cabinet to serve, as I will, until a new leader is in place.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070794460,"gmtCreate":1657103498250,"gmtModify":1676535949746,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070794460","repostId":"1151256214","repostType":2,"repost":{"id":"1151256214","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1657099688,"share":"https://www.laohu8.com/m/news/1151256214?lang=&edition=full","pubTime":"2022-07-06 17:28","market":"us","language":"en","title":"Fed Minutes Are Coming, Here Are 4 Things to Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1151256214","media":"Dow Jones","summary":"When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a de","content":"<html><head></head><body><p>When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a deeper look at the central bank’s latest deliberations and economic analysis.</p><p>Rationale behind the Fed’s 0.75-percentage-point rate hike in June, which was the biggest since 1994, has been well telegraphed. Heading into the policy-setting meeting, the consumer price index made a fresh 40-year high and a separate report showed an alarming increase in consumers’ longer-term inflation expectations. The latter data point has since been revised lower, but inflation expectations remain well above the Fed’s 2% target. Central bankers have revealed increased concern over elevated inflation expectations because inflation psychology can become a self-fulfilling prophecy as expectations of higher future prices prompt consumers to pull forward spending.</p><p>In his press conference and subsequent congressional testimony last month, Fed Chairman Jerome Powell stressed that fighting inflation is the central bank’s top priority, even at the expense of economic growth. Inflation is already hurting growth, and Powell has said he wants to cool demand—which exploded on account of simultaneous fiscal and monetary pandemic stimulus—to regain price stability.</p><p>Since the June meeting and Powell’s most recent public appearances, commodity prices have cooled, mortgage rates have risen, and markets have fallen as recession fears intensify. Given the dramatic pivot in market focus to near-term recession concerns, many of the discussions in the minutes to the June meeting may thus appear stale, economists at Deutsche Bank say. Still, there may be clues about how the Fed is thinking about the tradeoff between some economic pain and the need to bring inflation down over time, they say.</p><p>Here are a few places to look for clues—and how to interpret them.</p><h3>Super-sized hikes–one and done or more to come?</h3><p>The 0.75-percentage-point hike was only a remote possibility leading up to the June decision. Powell has said a subsequent increase of that magnitude wasn’t his base case, but Wall Street believes it is. Much will depend on the data before the July 26-27 meeting, with the June CPI coming out July 13. The Deutsche Bank economists say they are looking for hits around the thresholds needed to “downshift” the pace of hikes, noting that many Fed officials are signaling expectations for another “super-sized” 0.75-percentage-point increase this month.</p><p>At this point, traders are pricing in about an 83% chance of another three-quarter point hike in July, with a 78% probability of a 0.5% increase in September.</p><h3>Inflation talk</h3><p>Given that the three-quarter point hike was a surprise until just before the meeting, the June minutes should reflect the increased inflation concern that led to the more aggressive policy move, economists at Citi say. Coupled with language echoing Powell’s pledge to bring down inflation despite the negative consequences for growth, the minutes may read “hawkish” to a market that has become much more focused on downside growth risks since the June meeting, they say.</p><p>While signs of peaking inflation have emerged, such as falling copper prices and inventory warnings from retailers including Target (ticker: TGT) and Walmart (WMT), the former has mostly happened after the June Fed meeting and wouldn’t show up in the minutes. Neither the former or the latter is yet showing up in the economic data, and it remains to be seen whether wither would enough to cool overall inflation. Powell has said he needs to see “clear and convincing evidence” that inflation is coming down—the minutes could shed light on what might represent such evidence.</p><h3>Growth concerns</h3><p>With the latest rate decision came updated quarterly economic forecasts through 2024, as well as new longer-run estimates. In the June summary of economic projections, or SEP, Fed officials raised their expectations for the fed funds rate, downgraded their gross domestic product estimates, and raised their unemployment rate forecasts. That is as they lifted their near-term estimate for the core PCE, or the personal consumption expenditure index minus food and energy, while lowering their forecasts for the metric in 2023 and 2024 and reiterating their belief that inflation by that measure would then return to target.</p><p>Some economists say the latest SEP is still far too optimistic and doesn’t add up. How, for example, can inflation fall within striking distance of 2% next year with GDP still rising 1.7%? Since the release, Powell and other Fed officials have more directly articulated the difficulty in engineering a so-called soft landing, where the central bank sufficiently cools inflation without reversing growth.</p><h3>The next Powell pivot</h3><p>As Jim Reid of Deutsche Bank points out, we are only 31/2 months into this Fed hiking cycle and futures are already pricing in around 0.7 percentage point of interest-rate cuts in the year after the February 2023 meeting. That translates to a peak policy rate of about 3.39%.</p><p>As growth concerns pick up, with more economists now saying a recession is inevitable and some of them pulling forward their recession start-date call to this year from 2023, stocks are continuing to fall and investors are wondering what it will take for the Fed to shift its focus back to growth from inflation.</p><p>“When markets are in turmoil, investors always look at the Fed as the entity that can save the day,” says Roberto Perli, head of global policy at Piper Sandler. This time is no exception, he says, adding that client questioning is intensifying around whether markets have dropped enough, and recession fears are high enough, to induce a Fed pause or pivot.</p><p>This time is no exception: We regularly field many questions to the effect of, have the markets dropped enough to induce the Fed to pause or reverse course? Recently, with markets remaining volatile and talks of recession becoming widespread, this line of questioning intensified.</p><p>For now, Perli says the Fed isn’t close to pausing or changing course. The June minutes will probably reflect that sentiment. What happens beyond that is far less certain.</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>Fed Minutes Are Coming, Here Are 4 Things to Watch</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\">\nFed Minutes Are Coming, Here Are 4 Things to Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-06 17:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a deeper look at the central bank’s latest deliberations and economic analysis.</p><p>Rationale behind the Fed’s 0.75-percentage-point rate hike in June, which was the biggest since 1994, has been well telegraphed. Heading into the policy-setting meeting, the consumer price index made a fresh 40-year high and a separate report showed an alarming increase in consumers’ longer-term inflation expectations. The latter data point has since been revised lower, but inflation expectations remain well above the Fed’s 2% target. Central bankers have revealed increased concern over elevated inflation expectations because inflation psychology can become a self-fulfilling prophecy as expectations of higher future prices prompt consumers to pull forward spending.</p><p>In his press conference and subsequent congressional testimony last month, Fed Chairman Jerome Powell stressed that fighting inflation is the central bank’s top priority, even at the expense of economic growth. Inflation is already hurting growth, and Powell has said he wants to cool demand—which exploded on account of simultaneous fiscal and monetary pandemic stimulus—to regain price stability.</p><p>Since the June meeting and Powell’s most recent public appearances, commodity prices have cooled, mortgage rates have risen, and markets have fallen as recession fears intensify. Given the dramatic pivot in market focus to near-term recession concerns, many of the discussions in the minutes to the June meeting may thus appear stale, economists at Deutsche Bank say. Still, there may be clues about how the Fed is thinking about the tradeoff between some economic pain and the need to bring inflation down over time, they say.</p><p>Here are a few places to look for clues—and how to interpret them.</p><h3>Super-sized hikes–one and done or more to come?</h3><p>The 0.75-percentage-point hike was only a remote possibility leading up to the June decision. Powell has said a subsequent increase of that magnitude wasn’t his base case, but Wall Street believes it is. Much will depend on the data before the July 26-27 meeting, with the June CPI coming out July 13. The Deutsche Bank economists say they are looking for hits around the thresholds needed to “downshift” the pace of hikes, noting that many Fed officials are signaling expectations for another “super-sized” 0.75-percentage-point increase this month.</p><p>At this point, traders are pricing in about an 83% chance of another three-quarter point hike in July, with a 78% probability of a 0.5% increase in September.</p><h3>Inflation talk</h3><p>Given that the three-quarter point hike was a surprise until just before the meeting, the June minutes should reflect the increased inflation concern that led to the more aggressive policy move, economists at Citi say. Coupled with language echoing Powell’s pledge to bring down inflation despite the negative consequences for growth, the minutes may read “hawkish” to a market that has become much more focused on downside growth risks since the June meeting, they say.</p><p>While signs of peaking inflation have emerged, such as falling copper prices and inventory warnings from retailers including Target (ticker: TGT) and Walmart (WMT), the former has mostly happened after the June Fed meeting and wouldn’t show up in the minutes. Neither the former or the latter is yet showing up in the economic data, and it remains to be seen whether wither would enough to cool overall inflation. Powell has said he needs to see “clear and convincing evidence” that inflation is coming down—the minutes could shed light on what might represent such evidence.</p><h3>Growth concerns</h3><p>With the latest rate decision came updated quarterly economic forecasts through 2024, as well as new longer-run estimates. In the June summary of economic projections, or SEP, Fed officials raised their expectations for the fed funds rate, downgraded their gross domestic product estimates, and raised their unemployment rate forecasts. That is as they lifted their near-term estimate for the core PCE, or the personal consumption expenditure index minus food and energy, while lowering their forecasts for the metric in 2023 and 2024 and reiterating their belief that inflation by that measure would then return to target.</p><p>Some economists say the latest SEP is still far too optimistic and doesn’t add up. How, for example, can inflation fall within striking distance of 2% next year with GDP still rising 1.7%? Since the release, Powell and other Fed officials have more directly articulated the difficulty in engineering a so-called soft landing, where the central bank sufficiently cools inflation without reversing growth.</p><h3>The next Powell pivot</h3><p>As Jim Reid of Deutsche Bank points out, we are only 31/2 months into this Fed hiking cycle and futures are already pricing in around 0.7 percentage point of interest-rate cuts in the year after the February 2023 meeting. That translates to a peak policy rate of about 3.39%.</p><p>As growth concerns pick up, with more economists now saying a recession is inevitable and some of them pulling forward their recession start-date call to this year from 2023, stocks are continuing to fall and investors are wondering what it will take for the Fed to shift its focus back to growth from inflation.</p><p>“When markets are in turmoil, investors always look at the Fed as the entity that can save the day,” says Roberto Perli, head of global policy at Piper Sandler. This time is no exception, he says, adding that client questioning is intensifying around whether markets have dropped enough, and recession fears are high enough, to induce a Fed pause or pivot.</p><p>This time is no exception: We regularly field many questions to the effect of, have the markets dropped enough to induce the Fed to pause or reverse course? Recently, with markets remaining volatile and talks of recession becoming widespread, this line of questioning intensified.</p><p>For now, Perli says the Fed isn’t close to pausing or changing course. The June minutes will probably reflect that sentiment. What happens beyond that is far less certain.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151256214","content_text":"When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a deeper look at the central bank’s latest deliberations and economic analysis.Rationale behind the Fed’s 0.75-percentage-point rate hike in June, which was the biggest since 1994, has been well telegraphed. Heading into the policy-setting meeting, the consumer price index made a fresh 40-year high and a separate report showed an alarming increase in consumers’ longer-term inflation expectations. The latter data point has since been revised lower, but inflation expectations remain well above the Fed’s 2% target. Central bankers have revealed increased concern over elevated inflation expectations because inflation psychology can become a self-fulfilling prophecy as expectations of higher future prices prompt consumers to pull forward spending.In his press conference and subsequent congressional testimony last month, Fed Chairman Jerome Powell stressed that fighting inflation is the central bank’s top priority, even at the expense of economic growth. Inflation is already hurting growth, and Powell has said he wants to cool demand—which exploded on account of simultaneous fiscal and monetary pandemic stimulus—to regain price stability.Since the June meeting and Powell’s most recent public appearances, commodity prices have cooled, mortgage rates have risen, and markets have fallen as recession fears intensify. Given the dramatic pivot in market focus to near-term recession concerns, many of the discussions in the minutes to the June meeting may thus appear stale, economists at Deutsche Bank say. Still, there may be clues about how the Fed is thinking about the tradeoff between some economic pain and the need to bring inflation down over time, they say.Here are a few places to look for clues—and how to interpret them.Super-sized hikes–one and done or more to come?The 0.75-percentage-point hike was only a remote possibility leading up to the June decision. Powell has said a subsequent increase of that magnitude wasn’t his base case, but Wall Street believes it is. Much will depend on the data before the July 26-27 meeting, with the June CPI coming out July 13. The Deutsche Bank economists say they are looking for hits around the thresholds needed to “downshift” the pace of hikes, noting that many Fed officials are signaling expectations for another “super-sized” 0.75-percentage-point increase this month.At this point, traders are pricing in about an 83% chance of another three-quarter point hike in July, with a 78% probability of a 0.5% increase in September.Inflation talkGiven that the three-quarter point hike was a surprise until just before the meeting, the June minutes should reflect the increased inflation concern that led to the more aggressive policy move, economists at Citi say. Coupled with language echoing Powell’s pledge to bring down inflation despite the negative consequences for growth, the minutes may read “hawkish” to a market that has become much more focused on downside growth risks since the June meeting, they say.While signs of peaking inflation have emerged, such as falling copper prices and inventory warnings from retailers including Target (ticker: TGT) and Walmart (WMT), the former has mostly happened after the June Fed meeting and wouldn’t show up in the minutes. Neither the former or the latter is yet showing up in the economic data, and it remains to be seen whether wither would enough to cool overall inflation. Powell has said he needs to see “clear and convincing evidence” that inflation is coming down—the minutes could shed light on what might represent such evidence.Growth concernsWith the latest rate decision came updated quarterly economic forecasts through 2024, as well as new longer-run estimates. In the June summary of economic projections, or SEP, Fed officials raised their expectations for the fed funds rate, downgraded their gross domestic product estimates, and raised their unemployment rate forecasts. That is as they lifted their near-term estimate for the core PCE, or the personal consumption expenditure index minus food and energy, while lowering their forecasts for the metric in 2023 and 2024 and reiterating their belief that inflation by that measure would then return to target.Some economists say the latest SEP is still far too optimistic and doesn’t add up. How, for example, can inflation fall within striking distance of 2% next year with GDP still rising 1.7%? Since the release, Powell and other Fed officials have more directly articulated the difficulty in engineering a so-called soft landing, where the central bank sufficiently cools inflation without reversing growth.The next Powell pivotAs Jim Reid of Deutsche Bank points out, we are only 31/2 months into this Fed hiking cycle and futures are already pricing in around 0.7 percentage point of interest-rate cuts in the year after the February 2023 meeting. That translates to a peak policy rate of about 3.39%.As growth concerns pick up, with more economists now saying a recession is inevitable and some of them pulling forward their recession start-date call to this year from 2023, stocks are continuing to fall and investors are wondering what it will take for the Fed to shift its focus back to growth from inflation.“When markets are in turmoil, investors always look at the Fed as the entity that can save the day,” says Roberto Perli, head of global policy at Piper Sandler. This time is no exception, he says, adding that client questioning is intensifying around whether markets have dropped enough, and recession fears are high enough, to induce a Fed pause or pivot.This time is no exception: We regularly field many questions to the effect of, have the markets dropped enough to induce the Fed to pause or reverse course? Recently, with markets remaining volatile and talks of recession becoming widespread, this line of questioning intensified.For now, Perli says the Fed isn’t close to pausing or changing course. The June minutes will probably reflect that sentiment. What happens beyond that is far less certain.","news_type":1},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070791058,"gmtCreate":1657102354774,"gmtModify":1676535949614,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070791058","repostId":"1103081366","repostType":2,"repost":{"id":"1103081366","pubTimestamp":1657102188,"share":"https://www.laohu8.com/m/news/1103081366?lang=&edition=full","pubTime":"2022-07-06 18:09","market":"sg","language":"en","title":"Reits Show Strength on Wednesday Even As Singapore Shares Close Almost Flat","url":"https://stock-news.laohu8.com/highlight/detail?id=1103081366","media":"The Business Times","summary":"SINGAPORE shares closed unchanged on Wednesday (Jul 6), even as regional markets mostly fell, with s","content":"<html><head></head><body><p>SINGAPORE shares closed unchanged on Wednesday (Jul 6), even as regional markets mostly fell, with strength recorded among real estate investment trusts (Reits).</p><p>The benchmark Straits Times Index (STI) fell 0.01 percent or 0.45 points to close at 3,103.66.</p><p>Elsewhere, key indices in Japan, Hong Kong, South Korea and Malaysia fell by between 1.2 and 2.1 percent.</p><p>Oanda senior market analyst, Jeffrey Halley, said: “Asian markets are mostly having a bad day at the office as they race to price in both a US recession overnight and also the potential for wider virus restrictions in China.</p><p>“The prospect of more Covid zero restrictions in China is an unwelcome dose of reality for Asia and is certainly carrying more weight, although Asian currency weakness is also in play.”</p><p>Across the broader Singapore market, decliners outnumbered gainers 268 to 222 after 1.3 billion securities worth S$1.1 billion were traded.</p><p>Shares of Hongkong Land were the top decliner on the STI, having fallen 2.2 percent to close at US$4.96.</p><p>The top 4 gainers on the index were Reits.</p><p>Units of Mapletree Logistics Trust ended the day at the top of the index performance table, climbing 3.6 percent to close at S$1.74. The other strong performers were Keppel DC Reit, Frasers Logistics &amp; Commercial Trust and Mapletree Industrial Trust, which rose 2.6, 2.2 and 1.9 percent respectively.</p><p>However, Singapore’s largest Reit, CapitaLand Integrated Commercial Trust, bucked the trend, amid active trading. The counter fell 1 percent to S$2.05, with 45.6 million units worth S$93.3 million being traded.</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>Reits Show Strength on Wednesday Even As Singapore Shares Close Almost Flat</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\">\nReits Show Strength on Wednesday Even As Singapore Shares Close Almost Flat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-06 18:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/reits-show-strength-on-wednesday-even-as-singapore-shares-close-flat><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE shares closed unchanged on Wednesday (Jul 6), even as regional markets mostly fell, with strength recorded among real estate investment trusts (Reits).The benchmark Straits Times Index (STI)...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/reits-show-strength-on-wednesday-even-as-singapore-shares-close-flat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/reits-show-strength-on-wednesday-even-as-singapore-shares-close-flat","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103081366","content_text":"SINGAPORE shares closed unchanged on Wednesday (Jul 6), even as regional markets mostly fell, with strength recorded among real estate investment trusts (Reits).The benchmark Straits Times Index (STI) fell 0.01 percent or 0.45 points to close at 3,103.66.Elsewhere, key indices in Japan, Hong Kong, South Korea and Malaysia fell by between 1.2 and 2.1 percent.Oanda senior market analyst, Jeffrey Halley, said: “Asian markets are mostly having a bad day at the office as they race to price in both a US recession overnight and also the potential for wider virus restrictions in China.“The prospect of more Covid zero restrictions in China is an unwelcome dose of reality for Asia and is certainly carrying more weight, although Asian currency weakness is also in play.”Across the broader Singapore market, decliners outnumbered gainers 268 to 222 after 1.3 billion securities worth S$1.1 billion were traded.Shares of Hongkong Land were the top decliner on the STI, having fallen 2.2 percent to close at US$4.96.The top 4 gainers on the index were Reits.Units of Mapletree Logistics Trust ended the day at the top of the index performance table, climbing 3.6 percent to close at S$1.74. The other strong performers were Keppel DC Reit, Frasers Logistics & Commercial Trust and Mapletree Industrial Trust, which rose 2.6, 2.2 and 1.9 percent respectively.However, Singapore’s largest Reit, CapitaLand Integrated Commercial Trust, bucked the trend, amid active trading. The counter fell 1 percent to S$2.05, with 45.6 million units worth S$93.3 million being traded.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040954575,"gmtCreate":1655604617997,"gmtModify":1676535669363,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040954575","repostId":"1111859639","repostType":4,"repost":{"id":"1111859639","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":1655475005,"share":"https://www.laohu8.com/m/news/1111859639?lang=&edition=full","pubTime":"2022-06-17 22:10","market":"us","language":"en","title":"Alibaba Trimmed Its Gains Within 4% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1111859639","media":"Tiger Newspress","summary":"Alibaba trimmed its gains within 4% in morning trading.It is reported that China's central bank has ","content":"<html><head></head><body><p>Alibaba trimmed its gains within 4% in morning trading.<img src=\"https://static.tigerbbs.com/14f10a0caa305c4a7c80304b582d2164\" tg-width=\"765\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/>It is reported that China&#39;s central bank has accepted Ant Group&#39;s application to set up a financial holding company. However, China&#39;s central bank has not accepted the application of Ant Group to establish a financial holding company.</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>Alibaba Trimmed Its Gains Within 4% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Trimmed Its Gains Within 4% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-17 22:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba trimmed its gains within 4% in morning trading.<img src=\"https://static.tigerbbs.com/14f10a0caa305c4a7c80304b582d2164\" tg-width=\"765\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/>It is reported that China&#39;s central bank has accepted Ant Group&#39;s application to set up a financial holding company. However, China&#39;s central bank has not accepted the application of Ant Group to establish a financial holding company.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111859639","content_text":"Alibaba trimmed its gains within 4% in morning trading.It is reported that China's central bank has accepted Ant Group's application to set up a financial holding company. However, China's central bank has not accepted the application of Ant Group to establish a financial holding company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058291617,"gmtCreate":1654838478539,"gmtModify":1676535520937,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058291617","repostId":"2242514365","repostType":4,"repost":{"id":"2242514365","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1654818218,"share":"https://www.laohu8.com/m/news/2242514365?lang=&edition=full","pubTime":"2022-06-10 07:43","market":"us","language":"en","title":"The Stock Market and Inflation: How the S&P 500 Performs on CPI Report Days","url":"https://stock-news.laohu8.com/highlight/detail?id=2242514365","media":"Dow Jones","summary":"Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a da","content":"<html><head></head><body><p>Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue.</p><p>&#34;While median returns for the S&amp;P 500 have been right around the flatline over the last two years on CPI days, more recent returns have been much weaker,&#34; wrote analysts at Bespoke Investment Group, in a Thursday note. Since Federal Reserve Chair Jerome Powell stopped using the term &#34;transitory&#34; in late November to describe inflation, the S&amp;P 500 has declined on the day of the CPI report four out of six times, including the past four reports.</p><p>Over the past six months, the S&amp;P 500&#39;s median performance on CPI days has been a decline of 0.18%, the analysts said.</p><p>The S&amp;P 500  dropped 2.4% on Thursday, while the Dow Jones Industrial Average  slumped nearly 640 points, or 1.9%, and the Nasdaq Composite  shed 2.7%.</p><p>The consumer-price index is expected to show a large, 0.7% increase when the report is released Friday morning -- more than double the gain in the prior month. The increase in inflation over the past year, meanwhile, is forecast to stay near a 40-year high of 8.4%.</p><p>The Bespoke analysts looked at sector performance over the past six reports and found that energy, unsurprisingly, has been the best performer on CPI days, with a median gain of 1.1%, while technology was the worst. Of course, 2022&#39;s stock-market fall has been led by tech-related stocks, while energy has soared in response to surging oil prices.</p><p><img src=\"https://static.tigerbbs.com/4a249d567c99dd8c9477bdce90f9089a\" tg-width=\"699\" tg-height=\"382\" width=\"100%\" height=\"auto\"/></p><p>Bespoke noted that for a market concerned about inflation, recent reports haven&#39;t offered investors much comfort. Over the past 24 months, there were just three months where headline CPI came in weaker than expected (6/10/20, 11/12/20, and 9/14/21), they said.</p><p>&#34;Ironically enough, on each of those three days, the S&amp;P 500 actually traded lower, although to be fair, all three of these reports were before Powell ditched the term &#39;transitory,&#39;&#34; the analysts wrote.</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>The Stock Market and Inflation: How the S&P 500 Performs on CPI Report Days</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\">\nThe Stock Market and Inflation: How the S&P 500 Performs on CPI Report Days\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-10 07:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue.</p><p>&#34;While median returns for the S&amp;P 500 have been right around the flatline over the last two years on CPI days, more recent returns have been much weaker,&#34; wrote analysts at Bespoke Investment Group, in a Thursday note. Since Federal Reserve Chair Jerome Powell stopped using the term &#34;transitory&#34; in late November to describe inflation, the S&amp;P 500 has declined on the day of the CPI report four out of six times, including the past four reports.</p><p>Over the past six months, the S&amp;P 500&#39;s median performance on CPI days has been a decline of 0.18%, the analysts said.</p><p>The S&amp;P 500  dropped 2.4% on Thursday, while the Dow Jones Industrial Average  slumped nearly 640 points, or 1.9%, and the Nasdaq Composite  shed 2.7%.</p><p>The consumer-price index is expected to show a large, 0.7% increase when the report is released Friday morning -- more than double the gain in the prior month. The increase in inflation over the past year, meanwhile, is forecast to stay near a 40-year high of 8.4%.</p><p>The Bespoke analysts looked at sector performance over the past six reports and found that energy, unsurprisingly, has been the best performer on CPI days, with a median gain of 1.1%, while technology was the worst. Of course, 2022&#39;s stock-market fall has been led by tech-related stocks, while energy has soared in response to surging oil prices.</p><p><img src=\"https://static.tigerbbs.com/4a249d567c99dd8c9477bdce90f9089a\" tg-width=\"699\" tg-height=\"382\" width=\"100%\" height=\"auto\"/></p><p>Bespoke noted that for a market concerned about inflation, recent reports haven&#39;t offered investors much comfort. Over the past 24 months, there were just three months where headline CPI came in weaker than expected (6/10/20, 11/12/20, and 9/14/21), they said.</p><p>&#34;Ironically enough, on each of those three days, the S&amp;P 500 actually traded lower, although to be fair, all three of these reports were before Powell ditched the term &#39;transitory,&#39;&#34; the analysts wrote.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4550":"红杉资本持仓","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","SH":"标普500反向ETF","SDS":"两倍做空标普500ETF","OEF":"标普100指数ETF-iShares","BK4534":"瑞士信贷持仓","OEX":"标普100",".SPX":"S&P 500 Index","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","BK4559":"巴菲特持仓","SSO":"两倍做多标普500ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242514365","content_text":"Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue.\"While median returns for the S&P 500 have been right around the flatline over the last two years on CPI days, more recent returns have been much weaker,\" wrote analysts at Bespoke Investment Group, in a Thursday note. Since Federal Reserve Chair Jerome Powell stopped using the term \"transitory\" in late November to describe inflation, the S&P 500 has declined on the day of the CPI report four out of six times, including the past four reports.Over the past six months, the S&P 500's median performance on CPI days has been a decline of 0.18%, the analysts said.The S&P 500  dropped 2.4% on Thursday, while the Dow Jones Industrial Average  slumped nearly 640 points, or 1.9%, and the Nasdaq Composite  shed 2.7%.The consumer-price index is expected to show a large, 0.7% increase when the report is released Friday morning -- more than double the gain in the prior month. The increase in inflation over the past year, meanwhile, is forecast to stay near a 40-year high of 8.4%.The Bespoke analysts looked at sector performance over the past six reports and found that energy, unsurprisingly, has been the best performer on CPI days, with a median gain of 1.1%, while technology was the worst. Of course, 2022's stock-market fall has been led by tech-related stocks, while energy has soared in response to surging oil prices.Bespoke noted that for a market concerned about inflation, recent reports haven't offered investors much comfort. Over the past 24 months, there were just three months where headline CPI came in weaker than expected (6/10/20, 11/12/20, and 9/14/21), they said.\"Ironically enough, on each of those three days, the S&P 500 actually traded lower, although to be fair, all three of these reports were before Powell ditched the term 'transitory,'\" the analysts wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9059470622,"gmtCreate":1654418251266,"gmtModify":1676535445466,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059470622","repostId":"2240727323","repostType":4,"repost":{"id":"2240727323","pubTimestamp":1654389620,"share":"https://www.laohu8.com/m/news/2240727323?lang=&edition=full","pubTime":"2022-06-05 08:40","market":"us","language":"en","title":"NIO: The Ultimate Bottom Has Occurred","url":"https://stock-news.laohu8.com/highlight/detail?id=2240727323","media":"seekingalpha","summary":"SummaryNIO is scheduled to report its FQ1'22 earnings release on June 9. Investors are waiting for m","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>NIO is scheduled to report its FQ1&#39;22 earnings release on June 9. Investors are waiting for management&#39;s guidance on its outlook, given the massive disruption due to China&#39;s COVID lockdowns.</li><li>NIO&#39;s May 2022 delivery update also shows a marked improvement from April&#39;s numbers. It also highlighted robust order book visibility in May.</li><li>Our price action analysis suggests a double bottom bear trap formed in NIO stock in the May sell-off. Therefore, we are confident that its bottom has occurred.</li><li>We reiterate our Speculative Buy rating on NIO stock, with a near-term price target of $22 (an implied upside of 23%).</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a6f81e3209340c18a4b341ffae90707d\" tg-width=\"594\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Drew Angerer/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>NIO Inc. (NYSE:NIO) is slated to report its FQ1&#39;22 earnings release on June 9, as investors anticipate the company&#39;s Q2 guidance given its recent May 2022 delivery update. We discussed in ourprevious article (Buy rating) that the market has already been looking forward to its H2&#39;22 recovery, despite facing significant challenges in April due to the onset of the COVID lockdowns.</p><p>NIO&#39;s May delivery numbers didn&#39;t impress. However, the company also emphasized that it will be ramping production from June, given the recent lifting of COVID lockdowns in China.</p><p>Furthermore, our price action analysis suggests a double bottom bear trap occurred in the May sell-off. Consequently, we are confident NIO stock could have staged a sustained reversal of its downward bias, leading to the potential recovery of its upward momentum.</p><p>Therefore, we reiterate our Speculative Buy rating on NIO stock. We urge investors to look forward and not backward as NIO continues to scale.</p><p><b>May Deliveries Indicate A Sign Of Bottoming</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c160afc2606abefe6cce0dd207c971b9\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/><span>NIO deliveries by month (Company filings)</span></p><p>NIO delivered 7.02K of vehicles in May, up 4.6% YoY. Notably, it represented a 38.5% MoM increase from April. NIO also highlighted its optimism about improving its delivery cadence in June and accentuated significant order inflows in Shanghai in May. Therefore, we think investors can look forward to a strong outlook in June and urge investors to parse management&#39;s commentary in its upcoming Q1 call.</p><p>The Chinese EV market remains a critical industry for the Chinese economy. Therefore, it was reported in the local media that the Chinese government has been deliberating plans to extend NEV subsidies that are set to expire by the end of 2022. The carnage brought upon by the COVID lockdowns has been massive on the Chinese economy and consumer confidence. Therefore, we believe China is not keen for its critical NEV adoption momentum to slow down while the NEV makers ramp up to compensate for their production gaps in April and May.</p><p>The company has also been approved to sell its ES7, which should continue the strong momentum seen in its ET7. In addition, NIO&#39;s ET7 deliveries have already eclipsed its EC6, despite having started deliveries only in March. Therefore, we believe the new launches in H2&#39;22 could lift NIO&#39;s order book visibility through FY23 as it refreshes its line-up.</p><p><b>Estimates Suggest A H2&#39;22 Revival Is On Track</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94c1c6b771f41d7e1b0e578cfb2968d0\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>NIO revenue change % consensus estimates (S&amp;P Cap IQ)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a2d2852cc5ef33395d3f24107b40dc0\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>NIO adjusted EBIT change % consensus estimates (S&amp;P Cap IQ)</span></p><p>The consensus estimates also suggest that NIO&#39;s revenue growth could reach its nadir in FQ1 before recovering remarkably through H2&#39;22. Furthermore, NIO is also charting its way towards adjusted EBIT profitability as it continues to scale.</p><p>As long as China&#39;s COVID crisis does not worsen further, we believe the re-rating in NIO stock could be on the horizon. Notwithstanding, the company must continue executing well to demonstrate its ability to grow rapidly and improve its underlying economics.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa987ea3fef271bda7685e30cb8416a0\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/><span>NIO revenue change % and adjusted EBIT margins % consensus estimates (By FY) (S&amp;P Cap IQ)</span></p><p>On an FY basis, the company is expected to post revenue growth of 73.9% in FY22, down from FY21&#39;s 122.3%. However, investors should expect slower growth through FY23.</p><p>Notwithstanding, NIO should achieve adjusted EBIT breakeven in FY24 as it scales further. Given its underlying profitability, we have always regarded NIO as a speculative play, and we urge investors to consider our perspective.</p><p><b>Price Action Suggests A Double Bottom Bear Trap In May</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f9cd34df5e7b31c07693d1f5fae99ce7\" tg-width=\"640\" tg-height=\"340\" referrerpolicy=\"no-referrer\"/><span>NIO price chart (TradingView)</span></p><p>Our price action analysis indicates that a double bottom bear trap formed in NIO stock in May&#39;s sell-off. As a result, it has validated a potent downtrend reversal signal.</p><p>As a result, we are not surprised that NIO stock has rallied from its potent double bottom bear trap. Furthermore, it remains reasonably below its near-term resistance zone.</p><p>Therefore, we believe that our base case of a $22 near-term price target (PT) is achievable. Our bear case suggests a re-test of the near-term support of $13. But, we expect the bear trap to hold.</p><p><b>Is NIO Stock A Buy, Sell, Or Hold?</b></p><p>Admittedly our calls in NIO stock have been disappointing. We had previously omitted detailed price action analysis in NIO stock. However, we have reinstated the critical charting discipline from our previous article in our analysis.</p><p>Therefore, we are confident that NIO stock has formed its bottom, and investors can consider layering in. However, more conservative investors can await a potential re-test of its near-term support before adding exposure.</p><p>Our near-term PT of $22 implies a potential upside of 23%. However, we expect the stock to rally towards its intermediate resistance over the medium term.</p><p>Investors who need a higher margin of safety can consider watching for a re-test first (note there&#39;s no guarantee a re-test could occur). But, we think the risk/reward profile has improved significantly, given its constructive price action.</p><p>Therefore, <i>we reiterate our Speculative Buy rating on NIO stock</i>.</p><p><i>This article was written by JR Research</i></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO: The Ultimate Bottom Has Occurred</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO: The Ultimate Bottom Has Occurred\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-05 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4516306-nio-the-ultimate-bottom-has-occurred><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNIO is scheduled to report its FQ1'22 earnings release on June 9. Investors are waiting for management's guidance on its outlook, given the massive disruption due to China's COVID lockdowns.NIO...</p>\n\n<a href=\"https://seekingalpha.com/article/4516306-nio-the-ultimate-bottom-has-occurred\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://seekingalpha.com/article/4516306-nio-the-ultimate-bottom-has-occurred","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2240727323","content_text":"SummaryNIO is scheduled to report its FQ1'22 earnings release on June 9. Investors are waiting for management's guidance on its outlook, given the massive disruption due to China's COVID lockdowns.NIO's May 2022 delivery update also shows a marked improvement from April's numbers. It also highlighted robust order book visibility in May.Our price action analysis suggests a double bottom bear trap formed in NIO stock in the May sell-off. Therefore, we are confident that its bottom has occurred.We reiterate our Speculative Buy rating on NIO stock, with a near-term price target of $22 (an implied upside of 23%).Drew Angerer/Getty Images NewsInvestment ThesisNIO Inc. (NYSE:NIO) is slated to report its FQ1'22 earnings release on June 9, as investors anticipate the company's Q2 guidance given its recent May 2022 delivery update. We discussed in ourprevious article (Buy rating) that the market has already been looking forward to its H2'22 recovery, despite facing significant challenges in April due to the onset of the COVID lockdowns.NIO's May delivery numbers didn't impress. However, the company also emphasized that it will be ramping production from June, given the recent lifting of COVID lockdowns in China.Furthermore, our price action analysis suggests a double bottom bear trap occurred in the May sell-off. Consequently, we are confident NIO stock could have staged a sustained reversal of its downward bias, leading to the potential recovery of its upward momentum.Therefore, we reiterate our Speculative Buy rating on NIO stock. We urge investors to look forward and not backward as NIO continues to scale.May Deliveries Indicate A Sign Of BottomingNIO deliveries by month (Company filings)NIO delivered 7.02K of vehicles in May, up 4.6% YoY. Notably, it represented a 38.5% MoM increase from April. NIO also highlighted its optimism about improving its delivery cadence in June and accentuated significant order inflows in Shanghai in May. Therefore, we think investors can look forward to a strong outlook in June and urge investors to parse management's commentary in its upcoming Q1 call.The Chinese EV market remains a critical industry for the Chinese economy. Therefore, it was reported in the local media that the Chinese government has been deliberating plans to extend NEV subsidies that are set to expire by the end of 2022. The carnage brought upon by the COVID lockdowns has been massive on the Chinese economy and consumer confidence. Therefore, we believe China is not keen for its critical NEV adoption momentum to slow down while the NEV makers ramp up to compensate for their production gaps in April and May.The company has also been approved to sell its ES7, which should continue the strong momentum seen in its ET7. In addition, NIO's ET7 deliveries have already eclipsed its EC6, despite having started deliveries only in March. Therefore, we believe the new launches in H2'22 could lift NIO's order book visibility through FY23 as it refreshes its line-up.Estimates Suggest A H2'22 Revival Is On TrackNIO revenue change % consensus estimates (S&P Cap IQ)NIO adjusted EBIT change % consensus estimates (S&P Cap IQ)The consensus estimates also suggest that NIO's revenue growth could reach its nadir in FQ1 before recovering remarkably through H2'22. Furthermore, NIO is also charting its way towards adjusted EBIT profitability as it continues to scale.As long as China's COVID crisis does not worsen further, we believe the re-rating in NIO stock could be on the horizon. Notwithstanding, the company must continue executing well to demonstrate its ability to grow rapidly and improve its underlying economics.NIO revenue change % and adjusted EBIT margins % consensus estimates (By FY) (S&P Cap IQ)On an FY basis, the company is expected to post revenue growth of 73.9% in FY22, down from FY21's 122.3%. However, investors should expect slower growth through FY23.Notwithstanding, NIO should achieve adjusted EBIT breakeven in FY24 as it scales further. Given its underlying profitability, we have always regarded NIO as a speculative play, and we urge investors to consider our perspective.Price Action Suggests A Double Bottom Bear Trap In MayNIO price chart (TradingView)Our price action analysis indicates that a double bottom bear trap formed in NIO stock in May's sell-off. As a result, it has validated a potent downtrend reversal signal.As a result, we are not surprised that NIO stock has rallied from its potent double bottom bear trap. Furthermore, it remains reasonably below its near-term resistance zone.Therefore, we believe that our base case of a $22 near-term price target (PT) is achievable. Our bear case suggests a re-test of the near-term support of $13. But, we expect the bear trap to hold.Is NIO Stock A Buy, Sell, Or Hold?Admittedly our calls in NIO stock have been disappointing. We had previously omitted detailed price action analysis in NIO stock. However, we have reinstated the critical charting discipline from our previous article in our analysis.Therefore, we are confident that NIO stock has formed its bottom, and investors can consider layering in. However, more conservative investors can await a potential re-test of its near-term support before adding exposure.Our near-term PT of $22 implies a potential upside of 23%. However, we expect the stock to rally towards its intermediate resistance over the medium term.Investors who need a higher margin of safety can consider watching for a re-test first (note there's no guarantee a re-test could occur). But, we think the risk/reward profile has improved significantly, given its constructive price action.Therefore, we reiterate our Speculative Buy rating on NIO stock.This article was written by JR Research","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022072097,"gmtCreate":1653448246619,"gmtModify":1676535284635,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022072097","repostId":"1139099159","repostType":4,"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021187198,"gmtCreate":1653013247014,"gmtModify":1676535208469,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021187198","repostId":"2236670897","repostType":4,"repost":{"id":"2236670897","pubTimestamp":1653011211,"share":"https://www.laohu8.com/m/news/2236670897?lang=&edition=full","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":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023544442,"gmtCreate":1652937060286,"gmtModify":1676535192874,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023544442","repostId":"2236743653","repostType":4,"repost":{"id":"2236743653","pubTimestamp":1652927995,"share":"https://www.laohu8.com/m/news/2236743653?lang=&edition=full","pubTime":"2022-05-19 10:39","market":"us","language":"en","title":"Defensive Stocks Are Starting to Crack","url":"https://stock-news.laohu8.com/highlight/detail?id=2236743653","media":"Motley Fool","summary":"A new set of stocks is taking big hits.","content":"<html><head></head><body><p>The stock market saw big declines on Wednesday, wiping out Tuesday&#39;s gains and returning to close to their worst levels in more than a year. Inflationary pressures made themselves felt more prominently than ever in earnings reports from key companies, setting the stage for a decline that continued throughout the day. By the close, the <b>Dow Jones Industrial Average</b>, <b>S&amp;P 500</b>, and <b>Nasdaq Composite</b> were down between 3.5% and 5%.</p><table><thead><tr><th><p><b>Index</b></p></th><th><p><b>Daily Percentage Change</b></p></th><th><p><b>Daily Point Change</b></p></th></tr></thead><tbody><tr><td width=\"213\"><p>Dow</p></td><td width=\"213\"><p>(3.57%)</p></td><td width=\"213\"><p>(1,165)</p></td></tr><tr><td width=\"213\"><p>S&amp;P 500</p></td><td width=\"213\"><p>(4.04%)</p></td><td width=\"213\"><p>(165)</p></td></tr><tr><td width=\"213\"><p>Nasdaq</p></td><td width=\"213\"><p>(4.73%)</p></td><td width=\"213\"><p>(566)</p></td></tr></tbody></table><p>Data source: Yahoo! Finance.</p><p>Over the past six months, high-priced tech stocks with extremely strong growth prospects took the brunt of the damage. However, this week, we&#39;ve seen some stocks that have historically been more defensive in nature start to take hits. That indicates that the bear market might be entering a new phase, and although it&#39;s impossible to be sure whether it will lead to a quick rebound or continue to drive indexes lower, it&#39;s bound to add to anxiety levels for many shareholders.</p><h2>Playing defense</h2><p>Investors have often looked to consumer-facing companies to weather economic storms in the past, especially those that have exposure to the staples that people actually <i>need </i>to buy on a regular basis. A conservative strategy emphasizing these stocks has done well during past downturns, and it had also been doing reasonably well in this one.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7f3e00872acf1a1675d4a69e5f257798\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><p>However, this week&#39;s results from retailers <b>Walmart</b> and <b>Target</b> have changed the narrative on defensive consumer stocks. Even big-name retailers are facing problems due to inflation, with inventories building and supply chain disruptions causing difficulties across their businesses. Moreover, as consumers return to more normal behavior and even have to cut back due to higher prices, the big gains that many of these stocks enjoyed due to pandemic-boosted financial metrics are seeing abrupt reversals.</p><p>You can see this effect today even in stocks that didn&#39;t report their latest results. Elsewhere in retail, <b>Costco Wholesale</b> fell 12%, as investors anticipate similar weakness in future reports. Among product manufacturers, <b>Procter &amp; Gamble</b> and <b>PepsiCo</b> were down 6%, while <b>Coca-Cola</b> fell 7%.</p><p>Even the relatively defensive plays in the tech space took big hits. <b>Apple</b> was down 6%, while <b>Amazon.com</b> took a 7% hit. It really looked like conservative investors had nowhere to avoid the downturn in the market.</p><h2>Low volatility?</h2><p>The phenomenon was more visible in the exchange-traded fund (ETF) world. There, ETFs specifically designed to reduce volatility didn&#39;t work terribly well today. The <b>Invesco S&amp;P 500 Low Volatility ETF </b>(SPLV -3.30%) is full of defensive stocks like Procter &amp; Gamble, PepsiCo, and <b>McDonald&#39;s</b>, but it was down 3.3% on Wednesday, just barely outperforming the 4% drop in the broader S&amp;P 500. A similar fund, the <b>iShares MSCI USA Minimum Volatility Factor ETF</b>, fell 3.7%.</p><p>Until today, those ETFs had been doing a reasonably good job. The Invesco fund was down just 5% in 2022 coming into the day, while the iShares fund was down 10%. That was notably better than the S&amp;P 500&#39;s 14% decline.</p><p>Part of the problem is that investors have turned to defensive stocks so much that their valuations are often high. Costco trades at more than 30 times trailing earnings even after today&#39;s drop. Coca-Cola fetches more than 25 times earnings. Moreover, these aren&#39;t high-growth companies that are likely to produce outsized increases in bottom-line performance. They&#39;re mature businesses that will keep growing steadily, but only at a modest pace.</p><p>As Wall Street deals with ongoing investor concerns, keeping an eye on defensive areas of the market is important. If these stocks start to give up more ground than they have historically, it could bring about a new crisis of confidence among shareholders.</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>Defensive Stocks Are Starting to Crack</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\">\nDefensive Stocks Are Starting to Crack\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-19 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/18/defensive-stocks-are-starting-to-crack/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market saw big declines on Wednesday, wiping out Tuesday's gains and returning to close to their worst levels in more than a year. Inflationary pressures made themselves felt more ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/18/defensive-stocks-are-starting-to-crack/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PEP":"百事可乐","KO":"可口可乐","COST":"好市多","AAPL":"苹果","PG":"宝洁","TGT":"塔吉特","AMZN":"亚马逊","WMT":"沃尔玛"},"source_url":"https://www.fool.com/investing/2022/05/18/defensive-stocks-are-starting-to-crack/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236743653","content_text":"The stock market saw big declines on Wednesday, wiping out Tuesday's gains and returning to close to their worst levels in more than a year. Inflationary pressures made themselves felt more prominently than ever in earnings reports from key companies, setting the stage for a decline that continued throughout the day. By the close, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite were down between 3.5% and 5%.IndexDaily Percentage ChangeDaily Point ChangeDow(3.57%)(1,165)S&P 500(4.04%)(165)Nasdaq(4.73%)(566)Data source: Yahoo! Finance.Over the past six months, high-priced tech stocks with extremely strong growth prospects took the brunt of the damage. However, this week, we've seen some stocks that have historically been more defensive in nature start to take hits. That indicates that the bear market might be entering a new phase, and although it's impossible to be sure whether it will lead to a quick rebound or continue to drive indexes lower, it's bound to add to anxiety levels for many shareholders.Playing defenseInvestors have often looked to consumer-facing companies to weather economic storms in the past, especially those that have exposure to the staples that people actually need to buy on a regular basis. A conservative strategy emphasizing these stocks has done well during past downturns, and it had also been doing reasonably well in this one.Image source: Getty Images.However, this week's results from retailers Walmart and Target have changed the narrative on defensive consumer stocks. Even big-name retailers are facing problems due to inflation, with inventories building and supply chain disruptions causing difficulties across their businesses. Moreover, as consumers return to more normal behavior and even have to cut back due to higher prices, the big gains that many of these stocks enjoyed due to pandemic-boosted financial metrics are seeing abrupt reversals.You can see this effect today even in stocks that didn't report their latest results. Elsewhere in retail, Costco Wholesale fell 12%, as investors anticipate similar weakness in future reports. Among product manufacturers, Procter & Gamble and PepsiCo were down 6%, while Coca-Cola fell 7%.Even the relatively defensive plays in the tech space took big hits. Apple was down 6%, while Amazon.com took a 7% hit. It really looked like conservative investors had nowhere to avoid the downturn in the market.Low volatility?The phenomenon was more visible in the exchange-traded fund (ETF) world. There, ETFs specifically designed to reduce volatility didn't work terribly well today. The Invesco S&P 500 Low Volatility ETF (SPLV -3.30%) is full of defensive stocks like Procter & Gamble, PepsiCo, and McDonald's, but it was down 3.3% on Wednesday, just barely outperforming the 4% drop in the broader S&P 500. A similar fund, the iShares MSCI USA Minimum Volatility Factor ETF, fell 3.7%.Until today, those ETFs had been doing a reasonably good job. The Invesco fund was down just 5% in 2022 coming into the day, while the iShares fund was down 10%. That was notably better than the S&P 500's 14% decline.Part of the problem is that investors have turned to defensive stocks so much that their valuations are often high. Costco trades at more than 30 times trailing earnings even after today's drop. Coca-Cola fetches more than 25 times earnings. Moreover, these aren't high-growth companies that are likely to produce outsized increases in bottom-line performance. They're mature businesses that will keep growing steadily, but only at a modest pace.As Wall Street deals with ongoing investor concerns, keeping an eye on defensive areas of the market is important. If these stocks start to give up more ground than they have historically, it could bring about a new crisis of confidence among shareholders.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029608022,"gmtCreate":1652761105466,"gmtModify":1676535157132,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029608022","repostId":"1114289990","repostType":4,"isVote":1,"tweetType":1,"viewCount":67,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9010795246,"gmtCreate":1648466962825,"gmtModify":1676534341250,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Heed to this article or to chicken gang?","listText":"Heed to this article or to chicken gang?","text":"Heed to this article or to chicken gang?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9010795246","repostId":"1197498442","repostType":4,"repost":{"id":"1197498442","pubTimestamp":1648459223,"share":"https://www.laohu8.com/m/news/1197498442?lang=&edition=full","pubTime":"2022-03-28 17:20","market":"us","language":"en","title":"Palantir: It Has A Invisible Glass Ceiling?\t","url":"https://stock-news.laohu8.com/highlight/detail?id=1197498442","media":"seekingalpha","summary":"SummaryIn my view, the more Palantir grows, the more it will attract public scrutiny over its influe","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>In my view, the more Palantir grows, the more it will attract public scrutiny over its influence.</li><li>Current prices seem to incorporate management&#39;s growth estimates.</li><li>Speculative investors might profit from hyped ticker volatility. However, fundamentally, PLTR doesn&#39;t offer an attractive risk/reward balance.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be7105a0a2a4e7560a724e681e477dba\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"/><span>Drew Angerer/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>When it comes to trade-offs around complex questions such as individual privacy versus collective security, a person will always feel alienated from opinionated dogmatists assertively choosing one side over the other, whether they share the same opinion or not. The reason is that zealots often seem to disregard competing values surrounding such complex questions. In a letter filed to the SEC, Palantir (NYSE:PLTR) CEO states that the data-mining company &#34;have chosen sides,&#34; standing by its government clients &#34;when it is convenient, and when it is not.&#34; Albeit well-intentioned, PLTR&#39;s stance entangled the company in Washington&#39;s debates more than would have been necessary, alienating half of the political institution and perhaps the public. I wasn&#39;t surprised that Avril Haines, the former deputy director of the CIA, removed references to consulting work with the software vendor from her biography shortly after joining the Biden Campaign, as reported by The Intercept.</p><p>Mainstream media captures&#39; the public&#39;s perception of PLTR&#39;s controversial position in the following news headlines and excerpts:</p><blockquote>Palantir trades: Shares in the controversial data analytics company Palantir Technologies begin trading publicly on Wednesday. Financial Times,Sept 2020</blockquote><blockquote>Palantir Embraces Controversial US Government Contract Work - Bloomberg,August 2020</blockquote><blockquote>The U.K. government has ended a controversial data agreement with U.S. tech firm Palantir following criticism from privacy campaigners. CNBC,Sept 2021</blockquote><blockquote>Palantir, the controversial data company, makes its Wall Street debut. CNN,Sept. 2020</blockquote><blockquote>Palantir is not a consumer-facing company but its work has generated public protest. Financial Times,December 2019</blockquote><blockquote>Peter Thiel’s Secretive Data Giant Palantir. WSJ,February 2019</blockquote><p>This image will have a detrimental effect on the company&#39;s plans to become the &#34;default operating system for the government,&#34; a stated goal fully incorporated in its share price. For example, PLTR&#39;s COVID-19 contract to track vaccine and infection data reignited controversies over its work with the Trump administration on immigration executive orders described as &#34;cruel&#34;by human rights organizations,arbitrary, and not justified by The Supreme Court, and controversial in mainstream media (as mentioned above). Its co-founder&#39;s outspoken support for Trump and its CEO&#39;s libertarian views didn&#39;t help either. Several congress members wrote:</p><blockquote>Naturally, we have valid concerns on whether the existing surveillance framework Palantir has created to track and arrest immigrants will be supplemented by the troves of potentially personal health information contained within the HHS Protect platform</blockquote><p>The strong resistance from politicians to give too much power to PLTR despite the COVID crises (letter posted on the Washington Post on July 1, 2020) mirrors the deep-rooted concerns over PLTR&#39;s activities and values. I believe that it is reasonable to say that the bigger PLTR gets, the more it will attract public and private scrutiny over its influence, as happened with the COVID contract.</p><p>PLTR acknowledges that public image and news reports over its operations might harm its shares in SEC disclosures. I don&#39;t think management made enough effort to address this issue beyond its lobbying spending. The way PLTR is depicted on mainstream media challenges its ability to maintain government contracts and expand in the commercial sector, harming its valuation. For example, PLTR has consistently traded below peers with similar growth. Moreover, it lacks the safety net available for other companies, presented by M&amp;A prospects. Given the reputational challenges manifested in the news headlines listed above, I doubt that larger tech firms will line up if management deems M&amp;A is a preferred strategic option, touching on the voting power exclusively held by the company&#39;s three co-founders.</p><p>Finally, the inability of PLTR to penetrate the Fortune 500 market after nineteen years of operations mirrors the commercial sector&#39;s worries of being associated with PLTR, in the same way, that Avril Haines decided to delete references to her work with the company.</p><p><b>Competition</b></p><p>Listening to shareholders&#39; questions, one can&#39;t help but sense a distorted image held by some retail investors regarding PLTR&#39;s competitive stance. For example, one shareholder compares PLTR&#39;s market position to the influence of Microsoft&#39;s (MSFT) MS Office. One asked if PLTR has competitors at all? Some think the PLTR products are so unique that they don&#39;t have competitors.</p><p>PLTR faces intense competition, and its products are replaceable. In 2020, the Anti-money Laundering division of The Department of Justice &#34;DOJ&#34; replaced PLTR with DataWalk (DAT.WA), a small-cap, Polish software vendor.</p><p>Many confuse PLTR&#39;s rapid growth with product superiority. However, its high growth stems from its relatively low revenue base in a large market. In 2018, PLTR won a verdict against the government that now mandates Federal organizations to consider commercial software before attempting to build their own. This, benefits PLTR, but also many of its peers who have built-in software solutions such as Microsoft&#39;sSynapse, Oracle&#39;s (ORCL) Database, Cloudera&#39;s (CLDR) Enterprise Data Hub - part of KKR (KKR), Databricks Lakehouse Platform, IBM&#39;s (IBM) Netezza Performance Server, Neo4j, and NuoDB - part of Dassault Systèmes (OTCPK:DASTY), to name just a few.</p><p>PLTR lists several &#34;strengths&#34; to investors, most of which center around the design of its product, which, to its credit, offers an agile data analytics platform. The company also demonstrated exemplary execution, emphasizing working with IT departments before complicating implementation by incorporating end-users into the discussions. PLTR also reduced installation time, shrinking the sales life cycle. However, I believe each client has different design preferences, and I don&#39;t see PLTR as fundamentally superior to its peers.</p><p><b>Growth</b></p><p>Another sign of the market&#39;s failure to assessing PLTR is the market reaction to its EPS miss, which saw its ticker tumble 13% in mid-day trading. Long-term investors should focus on revenue and revenue per share instead of EPS and net income. PLTR&#39;s business model is profitable, as seen in its high gross margins, and its operating losses are temporarily resulting from its growth initiatives. If it chooses, the company can quickly become profitable simply by halting its growth initiatives, but this wouldn&#39;t be in the interest of long-term investors.</p><p>For example, R&amp;D expenditure mirror costs related to scaling its platform for its clients, signaling higher future revenue despite short-term pressure on net income. Similarly, Selling and Marketing costs mirror expenses related to pilot programs which also reflect an interest in the company&#39;s products.</p><p>I believe that PLTR will continue to grow in the next five years at a decreasing rate. The company increased sales by $450 million in 2021; $287 million from government contracts awarded in previous periods, while the remaining $162 million is growth in its commercial segment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b9153c643474d5c4458bafa60c64038\" tg-width=\"640\" tg-height=\"83\" referrerpolicy=\"no-referrer\"/><span>SEC Filings</span></p><p>These are solid growth figures, but concerns over management&#39;s ability to maintain these rates will continue suppressing the ticker. Management estimates that its revenue will exceed $4 billion in 2025, which translates to 30% annual growth.</p><p>As mentioned above, I don&#39;t believe that PLTR will ever become the default operating system for the government or the commercial sector. A 30% growth rate will translate to a 5% market share in 2026, at which point, more scrutiny over its influence will restrict its growth, similar to what happened when the Trump administration awarded PLTR the COVID-tracing contract.</p><p><b>Valuation</b></p><p>KKR bought CLDR last year for $5.3 billion. At the time of the Purchase, CLDR TTM revenue was close to PLTR&#39;s 2020 revenue of $1 Billion, valuing the company at a 5.3x Price/Sales ratio.</p><p>Using Price/Sales sheds light on valuation without engaging too much into PLTR&#39;s spending on growth initiatives, mirrored in the R&amp;D and Sales accounts. As mentioned above, these expenses are temporary, and given the stickiness of customers and low variable costs, Price/Sales offers a valuable tool for comparable valuation.</p><p>Applying the Price/Sales of 5.3x on PLTR 2021 annual results yields an $8 billion market cap valuation, much less than the current market cap of $23 billion. This overvaluation is also mirrored in Seeking Alpha Quant Score System, which rates PLTR &#34;D&#34; on valuation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df2f7182f478a620c5b3c75828c82390\" tg-width=\"640\" tg-height=\"217\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>Even when considering growth, PLTR seems fully valued. Applying a 5.3x Price/Sales ratio on management&#39;s 2025 revenue estimates ($4.4 billion) translates to a $23 billion market cap, less than its current value. Thus, in my view, PLTR doesn&#39;t offer an attractive risk/reward balance.</p><p><b>How I Might be Wrong</b></p><p>Our thesis rests on the inability of PLTR to achieve the 30% growth target through 2025. However, if PLTR hits this target in the short run, the ticker might rise on investors&#39; optimism, contrary to our expectations.</p><p>The challenge in assigning a valuation to a particular ticker stem from the variability of price multiples. The growth-to-value rotation demonstrates this concept. Thus, a reverse in investors&#39; appetite for risk poses a risk for our hypothesis.</p><p>The increased geopolitical risks might increase demand for Gotham. However, this will enhance PLTR&#39;s image as a defense contractor, igniting controversies about immigrant child separation decrees during the Trump era.</p><p>Finally, news headlines that have often presented PLTR as a controversial company might change tone as the software vendor expands in the commercial sector, positively impacting valuation, making this analysis obsolete.</p><p><b>Summary</b></p><p>Current prices incorporate above-average valuation multiples, mirroring higher growth expectations beyond 2025. Nonetheless, this implies that at some point, PLTR will have a market share above 5% (based on $119 billion TAM) which I believe is the threshold where the company will face increased scrutiny over its influence on the public and private sectors, given the negative media coverage affecting its reputation. For this reason, I maintain a hold rating, noting that while some investors might profit from the stock volatility, I don&#39;t see the company offering an attractive risk/reward balance.</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: It Has A Invisible Glass Ceiling?\t</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: It Has A Invisible Glass Ceiling?\t\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-28 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4498065-palantirs-invisible-glass-ceiling><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIn my view, the more Palantir grows, the more it will attract public scrutiny over its influence.Current prices seem to incorporate management's growth estimates.Speculative investors might ...</p>\n\n<a href=\"https://seekingalpha.com/article/4498065-palantirs-invisible-glass-ceiling\">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/4498065-palantirs-invisible-glass-ceiling","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1197498442","content_text":"SummaryIn my view, the more Palantir grows, the more it will attract public scrutiny over its influence.Current prices seem to incorporate management's growth estimates.Speculative investors might profit from hyped ticker volatility. However, fundamentally, PLTR doesn't offer an attractive risk/reward balance.Drew Angerer/Getty Images NewsInvestment ThesisWhen it comes to trade-offs around complex questions such as individual privacy versus collective security, a person will always feel alienated from opinionated dogmatists assertively choosing one side over the other, whether they share the same opinion or not. The reason is that zealots often seem to disregard competing values surrounding such complex questions. In a letter filed to the SEC, Palantir (NYSE:PLTR) CEO states that the data-mining company \"have chosen sides,\" standing by its government clients \"when it is convenient, and when it is not.\" Albeit well-intentioned, PLTR's stance entangled the company in Washington's debates more than would have been necessary, alienating half of the political institution and perhaps the public. I wasn't surprised that Avril Haines, the former deputy director of the CIA, removed references to consulting work with the software vendor from her biography shortly after joining the Biden Campaign, as reported by The Intercept.Mainstream media captures' the public's perception of PLTR's controversial position in the following news headlines and excerpts:Palantir trades: Shares in the controversial data analytics company Palantir Technologies begin trading publicly on Wednesday. Financial Times,Sept 2020Palantir Embraces Controversial US Government Contract Work - Bloomberg,August 2020The U.K. government has ended a controversial data agreement with U.S. tech firm Palantir following criticism from privacy campaigners. CNBC,Sept 2021Palantir, the controversial data company, makes its Wall Street debut. CNN,Sept. 2020Palantir is not a consumer-facing company but its work has generated public protest. Financial Times,December 2019Peter Thiel’s Secretive Data Giant Palantir. WSJ,February 2019This image will have a detrimental effect on the company's plans to become the \"default operating system for the government,\" a stated goal fully incorporated in its share price. For example, PLTR's COVID-19 contract to track vaccine and infection data reignited controversies over its work with the Trump administration on immigration executive orders described as \"cruel\"by human rights organizations,arbitrary, and not justified by The Supreme Court, and controversial in mainstream media (as mentioned above). Its co-founder's outspoken support for Trump and its CEO's libertarian views didn't help either. Several congress members wrote:Naturally, we have valid concerns on whether the existing surveillance framework Palantir has created to track and arrest immigrants will be supplemented by the troves of potentially personal health information contained within the HHS Protect platformThe strong resistance from politicians to give too much power to PLTR despite the COVID crises (letter posted on the Washington Post on July 1, 2020) mirrors the deep-rooted concerns over PLTR's activities and values. I believe that it is reasonable to say that the bigger PLTR gets, the more it will attract public and private scrutiny over its influence, as happened with the COVID contract.PLTR acknowledges that public image and news reports over its operations might harm its shares in SEC disclosures. I don't think management made enough effort to address this issue beyond its lobbying spending. The way PLTR is depicted on mainstream media challenges its ability to maintain government contracts and expand in the commercial sector, harming its valuation. For example, PLTR has consistently traded below peers with similar growth. Moreover, it lacks the safety net available for other companies, presented by M&A prospects. Given the reputational challenges manifested in the news headlines listed above, I doubt that larger tech firms will line up if management deems M&A is a preferred strategic option, touching on the voting power exclusively held by the company's three co-founders.Finally, the inability of PLTR to penetrate the Fortune 500 market after nineteen years of operations mirrors the commercial sector's worries of being associated with PLTR, in the same way, that Avril Haines decided to delete references to her work with the company.CompetitionListening to shareholders' questions, one can't help but sense a distorted image held by some retail investors regarding PLTR's competitive stance. For example, one shareholder compares PLTR's market position to the influence of Microsoft's (MSFT) MS Office. One asked if PLTR has competitors at all? Some think the PLTR products are so unique that they don't have competitors.PLTR faces intense competition, and its products are replaceable. In 2020, the Anti-money Laundering division of The Department of Justice \"DOJ\" replaced PLTR with DataWalk (DAT.WA), a small-cap, Polish software vendor.Many confuse PLTR's rapid growth with product superiority. However, its high growth stems from its relatively low revenue base in a large market. In 2018, PLTR won a verdict against the government that now mandates Federal organizations to consider commercial software before attempting to build their own. This, benefits PLTR, but also many of its peers who have built-in software solutions such as Microsoft'sSynapse, Oracle's (ORCL) Database, Cloudera's (CLDR) Enterprise Data Hub - part of KKR (KKR), Databricks Lakehouse Platform, IBM's (IBM) Netezza Performance Server, Neo4j, and NuoDB - part of Dassault Systèmes (OTCPK:DASTY), to name just a few.PLTR lists several \"strengths\" to investors, most of which center around the design of its product, which, to its credit, offers an agile data analytics platform. The company also demonstrated exemplary execution, emphasizing working with IT departments before complicating implementation by incorporating end-users into the discussions. PLTR also reduced installation time, shrinking the sales life cycle. However, I believe each client has different design preferences, and I don't see PLTR as fundamentally superior to its peers.GrowthAnother sign of the market's failure to assessing PLTR is the market reaction to its EPS miss, which saw its ticker tumble 13% in mid-day trading. Long-term investors should focus on revenue and revenue per share instead of EPS and net income. PLTR's business model is profitable, as seen in its high gross margins, and its operating losses are temporarily resulting from its growth initiatives. If it chooses, the company can quickly become profitable simply by halting its growth initiatives, but this wouldn't be in the interest of long-term investors.For example, R&D expenditure mirror costs related to scaling its platform for its clients, signaling higher future revenue despite short-term pressure on net income. Similarly, Selling and Marketing costs mirror expenses related to pilot programs which also reflect an interest in the company's products.I believe that PLTR will continue to grow in the next five years at a decreasing rate. The company increased sales by $450 million in 2021; $287 million from government contracts awarded in previous periods, while the remaining $162 million is growth in its commercial segment.SEC FilingsThese are solid growth figures, but concerns over management's ability to maintain these rates will continue suppressing the ticker. Management estimates that its revenue will exceed $4 billion in 2025, which translates to 30% annual growth.As mentioned above, I don't believe that PLTR will ever become the default operating system for the government or the commercial sector. A 30% growth rate will translate to a 5% market share in 2026, at which point, more scrutiny over its influence will restrict its growth, similar to what happened when the Trump administration awarded PLTR the COVID-tracing contract.ValuationKKR bought CLDR last year for $5.3 billion. At the time of the Purchase, CLDR TTM revenue was close to PLTR's 2020 revenue of $1 Billion, valuing the company at a 5.3x Price/Sales ratio.Using Price/Sales sheds light on valuation without engaging too much into PLTR's spending on growth initiatives, mirrored in the R&D and Sales accounts. As mentioned above, these expenses are temporary, and given the stickiness of customers and low variable costs, Price/Sales offers a valuable tool for comparable valuation.Applying the Price/Sales of 5.3x on PLTR 2021 annual results yields an $8 billion market cap valuation, much less than the current market cap of $23 billion. This overvaluation is also mirrored in Seeking Alpha Quant Score System, which rates PLTR \"D\" on valuation.Seeking AlphaEven when considering growth, PLTR seems fully valued. Applying a 5.3x Price/Sales ratio on management's 2025 revenue estimates ($4.4 billion) translates to a $23 billion market cap, less than its current value. Thus, in my view, PLTR doesn't offer an attractive risk/reward balance.How I Might be WrongOur thesis rests on the inability of PLTR to achieve the 30% growth target through 2025. However, if PLTR hits this target in the short run, the ticker might rise on investors' optimism, contrary to our expectations.The challenge in assigning a valuation to a particular ticker stem from the variability of price multiples. The growth-to-value rotation demonstrates this concept. Thus, a reverse in investors' appetite for risk poses a risk for our hypothesis.The increased geopolitical risks might increase demand for Gotham. However, this will enhance PLTR's image as a defense contractor, igniting controversies about immigrant child separation decrees during the Trump era.Finally, news headlines that have often presented PLTR as a controversial company might change tone as the software vendor expands in the commercial sector, positively impacting valuation, making this analysis obsolete.SummaryCurrent prices incorporate above-average valuation multiples, mirroring higher growth expectations beyond 2025. Nonetheless, this implies that at some point, PLTR will have a market share above 5% (based on $119 billion TAM) which I believe is the threshold where the company will face increased scrutiny over its influence on the public and private sectors, given the negative media coverage affecting its reputation. For this reason, I maintain a hold rating, noting that while some investors might profit from the stock volatility, I don't see the company offering an attractive risk/reward balance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000135","authorId":"9000000000000135","name":"JesseRW","avatar":"https://static.tigerbbs.com/4301cbf338b1b38ccad0aea137806a00","crmLevel":1,"crmLevelSwitch":0},"content":"chicken gang will be a good choice.","text":"chicken gang will be a good choice.","html":"chicken gang will be a good choice."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062993546,"gmtCreate":1651983549285,"gmtModify":1676535009008,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Believe this or Cathie Wood?Can this writer show us what he is doing exactly for TSLA? Shorting 100k&nbsp;shares of it?","listText":"Believe this or Cathie Wood?Can this writer show us what he is doing exactly for TSLA? Shorting 100k&nbsp;shares of it?","text":"Believe this or Cathie Wood?Can this writer show us what he is doing exactly for TSLA? Shorting 100k shares of it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062993546","repostId":"1131831539","repostType":2,"repost":{"id":"1131831539","pubTimestamp":1651980653,"share":"https://www.laohu8.com/m/news/1131831539?lang=&edition=full","pubTime":"2022-05-08 11:30","market":"us","language":"en","title":"Tesla: Overvalued By 85.26% And Not A Technology Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1131831539","media":"Seeking Alpha","summary":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successfu","content":"<html><head></head><body><p>Summary</p><ul><li>Make no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.</li><li>Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn&#39;t mean Tesla&#39;s stock is a good investment today.</li><li>100% of gross profit and net income is generated from the automotive sector as Tesla&#39;s other businesses lose money, making them an automobile manufacturing company, not a technology company.</li><li>I compared Tesla&#39;s metrics to the auto industry and big tech and the results are the same, Tesla&#39;s valuation is egregious.</li></ul><p>It&#39;s rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.&#39;s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA&#39;s financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA&#39;s stock.</p><p>I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn&#39;t have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren&#39;t enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.</p><p>Just because TSLA is a great company, it doesn&#39;t mean TSLA has a great stock, or it isn&#39;t overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.</p><p><b>Tesla Vs. The World In The Automotive Sector</b></p><p>It feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it&#39;s their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let&#39;s look at the raw numbers.</p><p>TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA&#39;s market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.</p><p><img src=\"https://static.tigerbbs.com/ff930d2442bf282c1bd880cca408eb94\" tg-width=\"640\" tg-height=\"327\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo</p><p>The P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.</p><p><img src=\"https://static.tigerbbs.com/c9b9661fde232925a758c38fd2e93f36\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>As a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.</p><p><img src=\"https://static.tigerbbs.com/d25806eb839eb9ca2b4ef3c24218048c\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>TSLA is a great company, but its current valuation has become overly inflated. TSLA&#39;s market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.</p><p><img src=\"https://static.tigerbbs.com/a1b686de4009ca733ff9651ce0d9fcaf\" tg-width=\"640\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Looking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA&#39;s market cap reflects a level of dominance that is non-existent.</p><p>Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It&#39;s just math. TSLA doesn&#39;t have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.</p><p><img src=\"https://static.tigerbbs.com/442ffe151dd83bc524785857925f9797\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>www.goodcarbadcar.net</p><p><b>Tesla Isn&#39;t A Technology Company And Shouldn&#39;t Be Valued As One</b></p><p>The valuation rebuttal has always been that TSLA isn&#39;t an automobile company, rather, it&#39;s a technology company.</p><p><img src=\"https://static.tigerbbs.com/bbc9ccb2cb8a0e7d40804db24e183214\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Page 23 ofTSLA&#39;s Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA&#39;s gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn&#39;t even factor in operating expenses.</p><p>TSLA manufacturers state of the art automobiles, but this doesn&#39;t classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.</p><p>Prior to the comparisons, I want to frame the analysis by providing each company&#39;s market cap:</p><ul><li>AAPL $2.69 Trillion</li><li>MSFT $2.17 Trillion</li><li>GOOGL $1.62 Trillion</li><li>AMZN $1.28 Trillion</li><li>TSLA $986.92 Billion</li><li>FB $604.62 Billion</li></ul><p>I am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.</p><p>This is absolutely remarkable, but it doesn&#39;t place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that&#39;s $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN&#39;s market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn&#39;t support the valuation.</p><p><img src=\"https://static.tigerbbs.com/3c0fbd4eb93f026c4575ee8f77f53e4b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Next, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn&#39;t support the valuation when FB has a market cap that&#39;s $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.</p><p><img src=\"https://static.tigerbbs.com/c9716477607711ee0b6d4f77eb24c890\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>The new metric bulls are using in their thesis is TSLA&#39;s free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.</p><p>Let&#39;s look at FB once again, since TSLA&#39;s valuation isn&#39;t based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA&#39;s growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that&#39;s almost $400 billion less than TSLA. Growth within the financials does not support TSLA&#39;s valuation, which is a breath away from $1 trillion.</p><p><img src=\"https://static.tigerbbs.com/902a7074eda9e8f2f2765e0833423d2c\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Today you&#39;re paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that&#39;s growing its earnings quickly is normal, but TSLA isn&#39;t growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA&#39;s growth factor, but this doesn&#39;t hold up when FB has grown by larger amounts from larger starting positions and has a P/E that&#39;s a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.</p><p><img src=\"https://static.tigerbbs.com/75168f6e39ced721cf0c53d78481a983\" tg-width=\"614\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN&#39;s revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN&#39;s grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN&#39;s.</p><p><img src=\"https://static.tigerbbs.com/aad00a6c490808962705a1a2dae45cfe\" tg-width=\"608\" tg-height=\"338\" referrerpolicy=\"no-referrer\"/>TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it&#39;s been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.</p><p>Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company&#39;s FCF. Today, you&#39;re paying 142.52x TSLA&#39;s FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.</p><p>Why on earth would you want to pay 142.52x for TSLA&#39;s FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.</p><p>So what is a fair price to FCF multiple for TSLA? I don&#39;t believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.</p><p>I don&#39;t want to be overly bearish, so I will place a 21x multiple on TSLA&#39;s FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA&#39;s FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It&#39;s just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.</p><p>At the very least, there isn&#39;t a single reason why TSLA&#39;s market cap is larger than FB&#39;s. There isn&#39;t a single metric that TSLA beats FB in. Based on FB&#39;s valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.</p><p><img src=\"https://static.tigerbbs.com/b81a61d60d9ec098276569cc4a501da0\" tg-width=\"627\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/>TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).</p><p>The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL&#39;s. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.</p><p><b>TSLA&#39;s Future Catalysts Have A Long Way To Go Before Impacting Its Bottom Line</b></p><p>There are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it&#39;s only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.</p><p>TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.</p><p>We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance&#39;s $1 billion revenue mark is a long way away.</p><p><img src=\"https://static.tigerbbs.com/e86de6232b9abf7cee46a9607eb09741\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Next,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn&#39;t make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA&#39;s FSD isn&#39;t leaps and bounds ahead of the competition, the problem is that it&#39;s not exactly a self-driving car.</p><p>The questions around legality and where you can use it pop into my head, and how many of TSLA&#39;s drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.</p><p>Which Features Come With My Subscription?</p><blockquote>The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.</blockquote><blockquote><i>Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.</i></blockquote><p>The last catalyst is Robotaxis which many have commented on in my articles before. We&#39;re so far off on Robotaxis that this can&#39;t be considered in TSLA&#39;s upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.</p><p>Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don&#39;t want other people that I don&#39;t know in my car. I would think there are many others that have similar viewpoints.</p><p>The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA&#39;s growth rate become significantly reduced as more luxury operators put EVs on the road.</p><p>At TSLA&#39;s current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA&#39;s growth across any of the sectors isn&#39;t larger than FB or GOOGL?</p><p><b>Tesla Continues To Dilute Shareholders, And Almost No Shareholders Care</b></p><p>Dilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can&#39;t buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.</p><p>This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder&#39;s ownership and the amount of equity, revenue, and EPS our shares represent.</p><p>If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.</p><p><b>I Could Be Completely Wrong, And Tesla Could Continue Growing At These Rates</b></p><p>TSLA&#39;s vehicle deliveries continue to outpace its growing production. YoY TSLA&#39;s deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA&#39;s Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn&#39;t just focusing on the U.S, they have Europe and China in their sights.</p><p>EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).</p><p>Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.</p><p>The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA&#39;s dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.</p><p>Bulls aren&#39;t incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA&#39;s future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.</p><p>The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA&#39;s current 13.51% profit margin, if they achieved TM&#39;s level of revenue, they would generate $30.59 billion of net income, which would definitely make today&#39;s valuation look more realistic.</p><p><img src=\"https://static.tigerbbs.com/93c9176fa9bebc2c940e038cafd23229\" tg-width=\"603\" tg-height=\"631\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p><b>Conclusion</b></p><p>You&#39;re probably wondering how I can be a shareholder and be a bear on TSLA&#39;s valuation at the same time. It&#39;s simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.</p><p>Keep in mind a company and a company&#39;s stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it&#39;s FB or GOOGL. TSLA is not a technology company; it&#39;s an automobile company, as the automotive segments drive 100% of its gross revenue and net income.</p><p>TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA&#39;s $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.</p><p>With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it&#39;s hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Overvalued By 85.26% And Not A Technology Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: Overvalued By 85.26% And Not A Technology Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131831539","content_text":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn't mean Tesla's stock is a good investment today.100% of gross profit and net income is generated from the automotive sector as Tesla's other businesses lose money, making them an automobile manufacturing company, not a technology company.I compared Tesla's metrics to the auto industry and big tech and the results are the same, Tesla's valuation is egregious.It's rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.'s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA's financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA's stock.I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn't have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren't enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.Just because TSLA is a great company, it doesn't mean TSLA has a great stock, or it isn't overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.Tesla Vs. The World In The Automotive SectorIt feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it's their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let's look at the raw numbers.TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA's market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.Steven FiorilloThe P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.Steven Fiorillo, Seeking AlphaAs a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.Steven Fiorillo, Seeking AlphaTSLA is a great company, but its current valuation has become overly inflated. TSLA's market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.Steven Fiorillo, Seeking AlphaLooking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA's market cap reflects a level of dominance that is non-existent.Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It's just math. TSLA doesn't have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.www.goodcarbadcar.netTesla Isn't A Technology Company And Shouldn't Be Valued As OneThe valuation rebuttal has always been that TSLA isn't an automobile company, rather, it's a technology company.TeslaPage 23 ofTSLA's Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA's gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn't even factor in operating expenses.TSLA manufacturers state of the art automobiles, but this doesn't classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.Prior to the comparisons, I want to frame the analysis by providing each company's market cap:AAPL $2.69 TrillionMSFT $2.17 TrillionGOOGL $1.62 TrillionAMZN $1.28 TrillionTSLA $986.92 BillionFB $604.62 BillionI am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.This is absolutely remarkable, but it doesn't place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that's $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN's market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn't support the valuation.Steven Fiorillo, Seeking AlphaNext, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn't support the valuation when FB has a market cap that's $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.Steven Fiorillo, Seeking AlphaThe new metric bulls are using in their thesis is TSLA's free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.Let's look at FB once again, since TSLA's valuation isn't based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA's growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that's almost $400 billion less than TSLA. Growth within the financials does not support TSLA's valuation, which is a breath away from $1 trillion.Steven Fiorillo, Seeking AlphaToday you're paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that's growing its earnings quickly is normal, but TSLA isn't growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA's growth factor, but this doesn't hold up when FB has grown by larger amounts from larger starting positions and has a P/E that's a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN's revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN's grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN's.TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it's been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company's FCF. Today, you're paying 142.52x TSLA's FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.Why on earth would you want to pay 142.52x for TSLA's FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.So what is a fair price to FCF multiple for TSLA? I don't believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.I don't want to be overly bearish, so I will place a 21x multiple on TSLA's FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA's FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It's just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.At the very least, there isn't a single reason why TSLA's market cap is larger than FB's. There isn't a single metric that TSLA beats FB in. Based on FB's valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL's. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.TSLA's Future Catalysts Have A Long Way To Go Before Impacting Its Bottom LineThere are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it's only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance's $1 billion revenue mark is a long way away.TeslaNext,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn't make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA's FSD isn't leaps and bounds ahead of the competition, the problem is that it's not exactly a self-driving car.The questions around legality and where you can use it pop into my head, and how many of TSLA's drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.Which Features Come With My Subscription?The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.The last catalyst is Robotaxis which many have commented on in my articles before. We're so far off on Robotaxis that this can't be considered in TSLA's upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don't want other people that I don't know in my car. I would think there are many others that have similar viewpoints.The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA's growth rate become significantly reduced as more luxury operators put EVs on the road.At TSLA's current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA's growth across any of the sectors isn't larger than FB or GOOGL?Tesla Continues To Dilute Shareholders, And Almost No Shareholders CareDilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can't buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder's ownership and the amount of equity, revenue, and EPS our shares represent.If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.I Could Be Completely Wrong, And Tesla Could Continue Growing At These RatesTSLA's vehicle deliveries continue to outpace its growing production. YoY TSLA's deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA's Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn't just focusing on the U.S, they have Europe and China in their sights.EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA's dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.Bulls aren't incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA's future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA's current 13.51% profit margin, if they achieved TM's level of revenue, they would generate $30.59 billion of net income, which would definitely make today's valuation look more realistic.TeslaConclusionYou're probably wondering how I can be a shareholder and be a bear on TSLA's valuation at the same time. It's simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.Keep in mind a company and a company's stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it's FB or GOOGL. TSLA is not a technology company; it's an automobile company, as the automotive segments drive 100% of its gross revenue and net income.TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA's $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it's hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058291617,"gmtCreate":1654838478539,"gmtModify":1676535520937,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058291617","repostId":"2242514365","repostType":4,"repost":{"id":"2242514365","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1654818218,"share":"https://www.laohu8.com/m/news/2242514365?lang=&edition=full","pubTime":"2022-06-10 07:43","market":"us","language":"en","title":"The Stock Market and Inflation: How the S&P 500 Performs on CPI Report Days","url":"https://stock-news.laohu8.com/highlight/detail?id=2242514365","media":"Dow Jones","summary":"Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a da","content":"<html><head></head><body><p>Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue.</p><p>&#34;While median returns for the S&amp;P 500 have been right around the flatline over the last two years on CPI days, more recent returns have been much weaker,&#34; wrote analysts at Bespoke Investment Group, in a Thursday note. Since Federal Reserve Chair Jerome Powell stopped using the term &#34;transitory&#34; in late November to describe inflation, the S&amp;P 500 has declined on the day of the CPI report four out of six times, including the past four reports.</p><p>Over the past six months, the S&amp;P 500&#39;s median performance on CPI days has been a decline of 0.18%, the analysts said.</p><p>The S&amp;P 500  dropped 2.4% on Thursday, while the Dow Jones Industrial Average  slumped nearly 640 points, or 1.9%, and the Nasdaq Composite  shed 2.7%.</p><p>The consumer-price index is expected to show a large, 0.7% increase when the report is released Friday morning -- more than double the gain in the prior month. The increase in inflation over the past year, meanwhile, is forecast to stay near a 40-year high of 8.4%.</p><p>The Bespoke analysts looked at sector performance over the past six reports and found that energy, unsurprisingly, has been the best performer on CPI days, with a median gain of 1.1%, while technology was the worst. Of course, 2022&#39;s stock-market fall has been led by tech-related stocks, while energy has soared in response to surging oil prices.</p><p><img src=\"https://static.tigerbbs.com/4a249d567c99dd8c9477bdce90f9089a\" tg-width=\"699\" tg-height=\"382\" width=\"100%\" height=\"auto\"/></p><p>Bespoke noted that for a market concerned about inflation, recent reports haven&#39;t offered investors much comfort. Over the past 24 months, there were just three months where headline CPI came in weaker than expected (6/10/20, 11/12/20, and 9/14/21), they said.</p><p>&#34;Ironically enough, on each of those three days, the S&amp;P 500 actually traded lower, although to be fair, all three of these reports were before Powell ditched the term &#39;transitory,&#39;&#34; the analysts wrote.</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>The Stock Market and Inflation: How the S&P 500 Performs on CPI Report Days</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\">\nThe Stock Market and Inflation: How the S&P 500 Performs on CPI Report Days\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-10 07:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue.</p><p>&#34;While median returns for the S&amp;P 500 have been right around the flatline over the last two years on CPI days, more recent returns have been much weaker,&#34; wrote analysts at Bespoke Investment Group, in a Thursday note. Since Federal Reserve Chair Jerome Powell stopped using the term &#34;transitory&#34; in late November to describe inflation, the S&amp;P 500 has declined on the day of the CPI report four out of six times, including the past four reports.</p><p>Over the past six months, the S&amp;P 500&#39;s median performance on CPI days has been a decline of 0.18%, the analysts said.</p><p>The S&amp;P 500  dropped 2.4% on Thursday, while the Dow Jones Industrial Average  slumped nearly 640 points, or 1.9%, and the Nasdaq Composite  shed 2.7%.</p><p>The consumer-price index is expected to show a large, 0.7% increase when the report is released Friday morning -- more than double the gain in the prior month. The increase in inflation over the past year, meanwhile, is forecast to stay near a 40-year high of 8.4%.</p><p>The Bespoke analysts looked at sector performance over the past six reports and found that energy, unsurprisingly, has been the best performer on CPI days, with a median gain of 1.1%, while technology was the worst. Of course, 2022&#39;s stock-market fall has been led by tech-related stocks, while energy has soared in response to surging oil prices.</p><p><img src=\"https://static.tigerbbs.com/4a249d567c99dd8c9477bdce90f9089a\" tg-width=\"699\" tg-height=\"382\" width=\"100%\" height=\"auto\"/></p><p>Bespoke noted that for a market concerned about inflation, recent reports haven&#39;t offered investors much comfort. Over the past 24 months, there were just three months where headline CPI came in weaker than expected (6/10/20, 11/12/20, and 9/14/21), they said.</p><p>&#34;Ironically enough, on each of those three days, the S&amp;P 500 actually traded lower, although to be fair, all three of these reports were before Powell ditched the term &#39;transitory,&#39;&#34; the analysts wrote.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4550":"红杉资本持仓","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","SH":"标普500反向ETF","SDS":"两倍做空标普500ETF","OEF":"标普100指数ETF-iShares","BK4534":"瑞士信贷持仓","OEX":"标普100",".SPX":"S&P 500 Index","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","BK4559":"巴菲特持仓","SSO":"两倍做多标普500ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242514365","content_text":"Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue.\"While median returns for the S&P 500 have been right around the flatline over the last two years on CPI days, more recent returns have been much weaker,\" wrote analysts at Bespoke Investment Group, in a Thursday note. Since Federal Reserve Chair Jerome Powell stopped using the term \"transitory\" in late November to describe inflation, the S&P 500 has declined on the day of the CPI report four out of six times, including the past four reports.Over the past six months, the S&P 500's median performance on CPI days has been a decline of 0.18%, the analysts said.The S&P 500  dropped 2.4% on Thursday, while the Dow Jones Industrial Average  slumped nearly 640 points, or 1.9%, and the Nasdaq Composite  shed 2.7%.The consumer-price index is expected to show a large, 0.7% increase when the report is released Friday morning -- more than double the gain in the prior month. The increase in inflation over the past year, meanwhile, is forecast to stay near a 40-year high of 8.4%.The Bespoke analysts looked at sector performance over the past six reports and found that energy, unsurprisingly, has been the best performer on CPI days, with a median gain of 1.1%, while technology was the worst. Of course, 2022's stock-market fall has been led by tech-related stocks, while energy has soared in response to surging oil prices.Bespoke noted that for a market concerned about inflation, recent reports haven't offered investors much comfort. Over the past 24 months, there were just three months where headline CPI came in weaker than expected (6/10/20, 11/12/20, and 9/14/21), they said.\"Ironically enough, on each of those three days, the S&P 500 actually traded lower, although to be fair, all three of these reports were before Powell ditched the term 'transitory,'\" the analysts wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022072097,"gmtCreate":1653448246619,"gmtModify":1676535284635,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022072097","repostId":"1139099159","repostType":4,"repost":{"id":"1139099159","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":1653444320,"share":"https://www.laohu8.com/m/news/1139099159?lang=&edition=full","pubTime":"2022-05-25 10:05","market":"us","language":"en","title":"Tiger Chart | A History of S&P 500 Bear Markets Since 1929","url":"https://stock-news.laohu8.com/highlight/detail?id=1139099159","media":"Tiger Newspress","summary":"The S&P 500 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932 ","content":"<html><head></head><body><p>The S&amp;P 500 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932 experienced the longest duration in history, and its loss reached 86.2%, while the latest one occurred during the COVID-19 pandemic in 2020.</p><p>On average, each bear market faced a loss of 33.4% and experienced about 331 days. Moreover, it would occur nearly every four years.</p><p><img src=\"https://static.tigerbbs.com/e320175f3c959df19d6e36f9c45e64bd\" tg-width=\"750\" tg-height=\"1889\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart | A History of S&P 500 Bear Markets Since 1929</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\">\nTiger Chart | A History of S&P 500 Bear Markets Since 1929\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\">2022-05-25 10:05</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 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932 experienced the longest duration in history, and its loss reached 86.2%, while the latest one occurred during the COVID-19 pandemic in 2020.</p><p>On average, each bear market faced a loss of 33.4% and experienced about 331 days. Moreover, it would occur nearly every four years.</p><p><img src=\"https://static.tigerbbs.com/e320175f3c959df19d6e36f9c45e64bd\" tg-width=\"750\" tg-height=\"1889\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139099159","content_text":"The S&P 500 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932 experienced the longest duration in history, and its loss reached 86.2%, while the latest one occurred during the COVID-19 pandemic in 2020.On average, each bear market faced a loss of 33.4% and experienced about 331 days. Moreover, it would occur nearly every four years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061128095,"gmtCreate":1651588399732,"gmtModify":1676534931607,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Show us what you have done exactly. Don't just give the problem, provide constructive solutions.&nbsp;","listText":"Show us what you have done exactly. Don't just give the problem, provide constructive solutions.&nbsp;","text":"Show us what you have done exactly. Don't just give the problem, provide constructive solutions.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061128095","repostId":"2232030551","repostType":2,"repost":{"id":"2232030551","pubTimestamp":1651585137,"share":"https://www.laohu8.com/m/news/2232030551?lang=&edition=full","pubTime":"2022-05-03 21:38","market":"us","language":"en","title":"Billionaire Hedge Fund Manager Paul Tudor Jones Says Don't Own Stocks, Bonds Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2232030551","media":"seekingalpha","summary":"Billionaire hedge fund manager Paul Tudor Jones said we are currently in uncharted territory for the","content":"<html><head></head><body><p></p><p><img src=\"https://static.tigerbbs.com/eeb6840b6d504c5cdb6931eef4d89730\" tg-width=\"750\" tg-height=\"530\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Billionaire hedge fund manager Paul Tudor Jones said we are currently in uncharted territory for the Fed and investors shouldn&#39;t own stocks and bonds now.</p><p>&#34;Clearly you&#39;d don&#39;t want to own bonds and stocks,&#34; Tudor Jones said in an interview with CNBC. &#34;You start with that. It&#39;s going to be a very negative situation for either one of those asset classes. You can&#39;t think of a worse macro environment than where we are right now for financial assets.&#34;</p><p>Jones also said the Federal Reserve is an extremely tough period right now.</p><p>&#34;I think this is one of the most challenging period ahead for the Fed board in its history,&#34; Jones said. &#34;It&#39;s really unchartered water.&#34;</p><p>Tudor Jones&#39; comments come as the Federal Reserve is scheduled to meet Tuesday and Wednesday is poised to hike interest rates and shrink its balance sheet to fight inflation.</p><p>“I think we’re in one of those very difficult periods where simply capital preservation is I think the most important thing that we can strive for,” Jones said. “I don’t know if it’s going to be one of those periods where you’re actually trying to make money.”</p><p>On Monday, the 10-year Treasury yield hit 3%, the first time since 2018, ahead of the Fed meeting.</p><p>&#34;That&#39;s the scary part for Jay Powell,&#34; Jones said. &#34;The genies out of the bottle. We&#39;ve seen in history when the genies gotten out of the bottle it&#39;s really really hard to put it back in there. I wouldn&#39;t want to be in his seat right now.&#34;</p><p>Recall in October, Paul Tudor Jones said. inflation picture is &#39;very bleak,&#39; crypto offers great hedge.</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>Billionaire Hedge Fund Manager Paul Tudor Jones Says Don't Own Stocks, Bonds Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBillionaire Hedge Fund Manager Paul Tudor Jones Says Don't Own Stocks, Bonds Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-03 21:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3830929-billionaire-hedge-fund-manager-paul-tudor-jones-says-dont-own-stocks-bonds-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Billionaire hedge fund manager Paul Tudor Jones said we are currently in uncharted territory for the Fed and investors shouldn't own stocks and bonds now.\"Clearly you'd don't want to own bonds and ...</p>\n\n<a href=\"https://seekingalpha.com/news/3830929-billionaire-hedge-fund-manager-paul-tudor-jones-says-dont-own-stocks-bonds-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/news/3830929-billionaire-hedge-fund-manager-paul-tudor-jones-says-dont-own-stocks-bonds-now","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2232030551","content_text":"Billionaire hedge fund manager Paul Tudor Jones said we are currently in uncharted territory for the Fed and investors shouldn't own stocks and bonds now.\"Clearly you'd don't want to own bonds and stocks,\" Tudor Jones said in an interview with CNBC. \"You start with that. It's going to be a very negative situation for either one of those asset classes. You can't think of a worse macro environment than where we are right now for financial assets.\"Jones also said the Federal Reserve is an extremely tough period right now.\"I think this is one of the most challenging period ahead for the Fed board in its history,\" Jones said. \"It's really unchartered water.\"Tudor Jones' comments come as the Federal Reserve is scheduled to meet Tuesday and Wednesday is poised to hike interest rates and shrink its balance sheet to fight inflation.“I think we’re in one of those very difficult periods where simply capital preservation is I think the most important thing that we can strive for,” Jones said. “I don’t know if it’s going to be one of those periods where you’re actually trying to make money.”On Monday, the 10-year Treasury yield hit 3%, the first time since 2018, ahead of the Fed meeting.\"That's the scary part for Jay Powell,\" Jones said. \"The genies out of the bottle. We've seen in history when the genies gotten out of the bottle it's really really hard to put it back in there. I wouldn't want to be in his seat right now.\"Recall in October, Paul Tudor Jones said. inflation picture is 'very bleak,' crypto offers great hedge.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018524877,"gmtCreate":1649067895240,"gmtModify":1676534444154,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018524877","repostId":"1199827359","repostType":4,"repost":{"id":"1199827359","pubTimestamp":1649064072,"share":"https://www.laohu8.com/m/news/1199827359?lang=&edition=full","pubTime":"2022-04-04 17:21","market":"us","language":"en","title":"U.S. Stocks to Watch: SRAX, Tesla, Atotech, Conformis and Nikola","url":"https://stock-news.laohu8.com/highlight/detail?id=1199827359","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:Wall Street expects SRAX, Inc. SRAX to rep","content":"<html><head></head><body><p>Some of the stocks that may grab investor focus today are:</p><p>Wall Street expects SRAX, Inc. SRAX to report quarterly earnings at $2.56 per share on revenue of $10.17 million after the closing bell. SRAX shares gained 0.2% to $4.70 in after-hours trading.</p><p>Tesla Inc TSLA CEO Elon Musk said that the electric vehicle maker is aiming at a 30% gross margin or about 10% profitability including all costs for its Supercharger network business. Tesla shares rose 0.6% to $1,091.00 in the after-hours trading session.</p><p>Analysts are expecting Atotech Limited ATC to have earned $0.17 per share on revenue of $377.43 million. The company will release earnings before the markets open. Atotech shares fell 0.2% to $22.59 in after-hours trading.</p><p>Conformis, Inc. CFMS named Michael Fillion as its Chief Operating Officer. Conformis shares slipped 0.1% to $0.6399 in the after-hours trading session.</p><p>Nikola Corporation NKLA filed for mixed shelf of upto $1.2 billion. Nikola shares gained 0.5% to $10.08 in after-hours trading.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks to Watch: SRAX, Tesla, Atotech, Conformis and Nikola</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks to Watch: SRAX, Tesla, Atotech, Conformis and Nikola\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-04 17:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/22/04/26441954/5-stocks-to-watch-for-april-4-2022><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some of the stocks that may grab investor focus today are:Wall Street expects SRAX, Inc. SRAX to report quarterly earnings at $2.56 per share on revenue of $10.17 million after the closing bell. SRAX ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/22/04/26441954/5-stocks-to-watch-for-april-4-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NKLA":"Nikola Corporation","CFMS":"ConforMIS, Inc.","SRAX":"Social Reality Inc"},"source_url":"https://www.benzinga.com/news/earnings/22/04/26441954/5-stocks-to-watch-for-april-4-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199827359","content_text":"Some of the stocks that may grab investor focus today are:Wall Street expects SRAX, Inc. SRAX to report quarterly earnings at $2.56 per share on revenue of $10.17 million after the closing bell. SRAX shares gained 0.2% to $4.70 in after-hours trading.Tesla Inc TSLA CEO Elon Musk said that the electric vehicle maker is aiming at a 30% gross margin or about 10% profitability including all costs for its Supercharger network business. Tesla shares rose 0.6% to $1,091.00 in the after-hours trading session.Analysts are expecting Atotech Limited ATC to have earned $0.17 per share on revenue of $377.43 million. The company will release earnings before the markets open. Atotech shares fell 0.2% to $22.59 in after-hours trading.Conformis, Inc. CFMS named Michael Fillion as its Chief Operating Officer. Conformis shares slipped 0.1% to $0.6399 in the after-hours trading session.Nikola Corporation NKLA filed for mixed shelf of upto $1.2 billion. Nikola shares gained 0.5% to $10.08 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990952328,"gmtCreate":1660275970991,"gmtModify":1676533442801,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"already up so much. Means&nbsp;Time for these stocks to go down","listText":"already up so much. Means&nbsp;Time for these stocks to go down","text":"already up so much. Means Time for these stocks to go down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990952328","repostId":"1131277687","repostType":2,"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902994027,"gmtCreate":1659623473772,"gmtModify":1705993908604,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902994027","repostId":"2256993259","repostType":2,"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9020736594,"gmtCreate":1652684448918,"gmtModify":1676535140973,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9020736594","repostId":"2235127889","repostType":2,"repost":{"id":"2235127889","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1652676429,"share":"https://www.laohu8.com/m/news/2235127889?lang=&edition=full","pubTime":"2022-05-16 12:47","market":"us","language":"en","title":"Fed Hawkishness May Be Near Its Peak, Even if Inflation Isn't","url":"https://stock-news.laohu8.com/highlight/detail?id=2235127889","media":"Dow Jones","summary":"The April consumer price index and ongoing stock market turmoil captured much of investors' attention over the past week. They may be looking in the wrong places, at least when it comes to predicting ","content":"<html><head></head><body><p>The April consumer price index and ongoing stock market turmoil captured much of investors&#39; attention over the past week. They may be looking in the wrong places, at least when it comes to predicting the path of Federal Reserve policy.</p><p>One of the biggest questions investors have lately is whether the so-called Fed put -- the idea that the central bank will backstop financial markets and rescue investors from serious downturns -- is still alive. Many prognosticators say it is dead, because the Fed is so far behind the inflation curve that it has no choice but to tighten even if stocks crumble. The S&amp;P 500 is down about 14% from its January 2022 all-time high, a loss that is approaching the roughly 20% decline that prompted the Fed in January 2019 to stop shrinking its balance sheet. This time, quantitative tightening, or QT, hasn&#39;t even started, and central bankers sound increasingly hawkish, despite the carnage.</p><p>The Fed put probably still exists, if at a much lower strike price than investors have come to expect. The idea is that if stock prices fall far enough, the hit to household wealth would spill over into the broader economy. But while stocks matter, investors may be looking at the wrong market. It is pain in the credit market that will ultimately make the Fed relent, says Joe LaVorgna, chief economist for the Americas at Natixis, pointing in particular to the junkiest of junk bonds. That is where problems tend to originate, threatening a melt-up in the bond market that is akin to collapsing dominoes.</p><p>Relative to U.S. Treasuries, the yield on CCC-rated debt is widening quickly and substantially. That spread grew to about 10% this past week, the highest level since late 2020 and around levels where the Fed has previously eased monetary policy to counter slowing economic growth. LaVorgna pegs the strike price of the Fed put at a yield spread of 1,500 basis points, or 15%, between CCC-rated debt and the five-year U.S. Treasury note.</p><p>&#34;You can get there pretty quickly,&#34; he says, adding that the catalyst for such a move may come as early as next month, when the market has to absorb about $50 billion in extra Treasury and mortgage-backed securities supply as QT begins. &#34;We know it is coming,&#34; LaVorgna says. &#34;But when it actually comes, we need buyers other than the Fed, and that will suck liquidity out. No <a href=\"https://laohu8.com/S/AONE.U\">one</a> knows how to price for this.&#34;</p><p>The idea that the Fed could so quickly pivot flies in the face of recent Fedspeak. Consider Fed Chairman Jerome Powell&#39;s comments on Thursday that the one thing the Fed can&#39;t do is fail to restore price stability, even if it means economic pain. It also belies the latest inflation data. But investors interested in the weeds might find reason to wonder if the Fed already has a cover in the making that will allow it to more quickly shift its focus to weakening growth data.</p><p>First, the latest inflation data. The April CPI report wasn&#39;t good. Ahead of it, expectations ran high that the data would confirm what economists and strategists across Wall Street thought they already knew. But while headline CPI slowed a touch in April to an 8.3% pace from a year earlier, the report lacked evidence that inflation has really peaked, says Jefferies chief economist Aneta Markowska. Consider that the so-called base effect artificially pushed the year-over-year metric lower as a particularly high reading from a year ago fell out of the calculation, as well as the fact that the April decline in energy prices has reversed. Prices at the pump hit a record during the week, while diesel prices extended a streak of daily record highs.</p><p>All of that is before getting to the guts of the CPI report. Service-sector inflation is surging, undermining the conventional wisdom that inflation is mainly about supply-side issues that the Fed can&#39;t affect. Services inflation is rising beyond shelter prices, which represent a third of total CPI and won&#39;t slow soon, as rents lag behind still-rising home prices by about a year. What is more, CPI excluding food and energy doubled from a month earlier to rise a faster-than-expected 0.6% in April. Policy makers favor core measures, and Powell has suggested that month-over-month readings are more important than year-over-year levels as the Fed monitors price changes -- meaning the worst number in the April CPI report was the most important one.</p><p>The April producer price index, released a day after the CPI, didn&#39;t improve the picture. Wholesale prices rose 11% from a year earlier, a fifth consecutive double-digit increase and a sign that companies will continue to push higher prices through to consumers or eat them at their margins&#39; expense.</p><p>Here is where there is some hidden good news. Economists use the details of the CPI and PPI reports to predict the Fed&#39;s favored inflation metric, the core personal-consumption expenditures deflator. Put the latest inflation reports together and the core PCE probably rose at a much more benign pace last month (it is due out on May 27). Citi economist Veronica Clark points particularly to legislated cuts in Medicare payments to medical-services providers, which weighed on medical-services prices. She sees the core PCE rising 0.3% in April from March, matching the prior two gains, and 4.8% from a year earlier, down from a 5.2% pace a month earlier. Economists at Goldman Sachs estimate smaller, 0.2% and 4.7% monthly and annual rates of increase. The former would be the smallest gain since late 2020; the latter would mark the slowest pace this year.</p><p>There are problems focusing on the core PCE. It tends to run about a half-percentage point below the CPI, in part because of differences in how medical and housing costs are treated, and inflation already feels worse to many consumers and businesses than even the CPI shows. But for the purposes of predicting the path of monetary policy, it is the metric that counts most, and it is slowing faster than other inflation figures.</p><p>Consumers and businesses don&#39;t yet feel like price inflation has peaked. But a faster slowdown in the core PCE deflator alongside a brewing storm in the high-yield credit market mean that it&#39;s possible that Fed hawkishness has.</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>Fed Hawkishness May Be Near Its Peak, Even if Inflation Isn't</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\">\nFed Hawkishness May Be Near Its Peak, Even if Inflation Isn't\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-16 12:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The April consumer price index and ongoing stock market turmoil captured much of investors&#39; attention over the past week. They may be looking in the wrong places, at least when it comes to predicting the path of Federal Reserve policy.</p><p>One of the biggest questions investors have lately is whether the so-called Fed put -- the idea that the central bank will backstop financial markets and rescue investors from serious downturns -- is still alive. Many prognosticators say it is dead, because the Fed is so far behind the inflation curve that it has no choice but to tighten even if stocks crumble. The S&amp;P 500 is down about 14% from its January 2022 all-time high, a loss that is approaching the roughly 20% decline that prompted the Fed in January 2019 to stop shrinking its balance sheet. This time, quantitative tightening, or QT, hasn&#39;t even started, and central bankers sound increasingly hawkish, despite the carnage.</p><p>The Fed put probably still exists, if at a much lower strike price than investors have come to expect. The idea is that if stock prices fall far enough, the hit to household wealth would spill over into the broader economy. But while stocks matter, investors may be looking at the wrong market. It is pain in the credit market that will ultimately make the Fed relent, says Joe LaVorgna, chief economist for the Americas at Natixis, pointing in particular to the junkiest of junk bonds. That is where problems tend to originate, threatening a melt-up in the bond market that is akin to collapsing dominoes.</p><p>Relative to U.S. Treasuries, the yield on CCC-rated debt is widening quickly and substantially. That spread grew to about 10% this past week, the highest level since late 2020 and around levels where the Fed has previously eased monetary policy to counter slowing economic growth. LaVorgna pegs the strike price of the Fed put at a yield spread of 1,500 basis points, or 15%, between CCC-rated debt and the five-year U.S. Treasury note.</p><p>&#34;You can get there pretty quickly,&#34; he says, adding that the catalyst for such a move may come as early as next month, when the market has to absorb about $50 billion in extra Treasury and mortgage-backed securities supply as QT begins. &#34;We know it is coming,&#34; LaVorgna says. &#34;But when it actually comes, we need buyers other than the Fed, and that will suck liquidity out. No <a href=\"https://laohu8.com/S/AONE.U\">one</a> knows how to price for this.&#34;</p><p>The idea that the Fed could so quickly pivot flies in the face of recent Fedspeak. Consider Fed Chairman Jerome Powell&#39;s comments on Thursday that the one thing the Fed can&#39;t do is fail to restore price stability, even if it means economic pain. It also belies the latest inflation data. But investors interested in the weeds might find reason to wonder if the Fed already has a cover in the making that will allow it to more quickly shift its focus to weakening growth data.</p><p>First, the latest inflation data. The April CPI report wasn&#39;t good. Ahead of it, expectations ran high that the data would confirm what economists and strategists across Wall Street thought they already knew. But while headline CPI slowed a touch in April to an 8.3% pace from a year earlier, the report lacked evidence that inflation has really peaked, says Jefferies chief economist Aneta Markowska. Consider that the so-called base effect artificially pushed the year-over-year metric lower as a particularly high reading from a year ago fell out of the calculation, as well as the fact that the April decline in energy prices has reversed. Prices at the pump hit a record during the week, while diesel prices extended a streak of daily record highs.</p><p>All of that is before getting to the guts of the CPI report. Service-sector inflation is surging, undermining the conventional wisdom that inflation is mainly about supply-side issues that the Fed can&#39;t affect. Services inflation is rising beyond shelter prices, which represent a third of total CPI and won&#39;t slow soon, as rents lag behind still-rising home prices by about a year. What is more, CPI excluding food and energy doubled from a month earlier to rise a faster-than-expected 0.6% in April. Policy makers favor core measures, and Powell has suggested that month-over-month readings are more important than year-over-year levels as the Fed monitors price changes -- meaning the worst number in the April CPI report was the most important one.</p><p>The April producer price index, released a day after the CPI, didn&#39;t improve the picture. Wholesale prices rose 11% from a year earlier, a fifth consecutive double-digit increase and a sign that companies will continue to push higher prices through to consumers or eat them at their margins&#39; expense.</p><p>Here is where there is some hidden good news. Economists use the details of the CPI and PPI reports to predict the Fed&#39;s favored inflation metric, the core personal-consumption expenditures deflator. Put the latest inflation reports together and the core PCE probably rose at a much more benign pace last month (it is due out on May 27). Citi economist Veronica Clark points particularly to legislated cuts in Medicare payments to medical-services providers, which weighed on medical-services prices. She sees the core PCE rising 0.3% in April from March, matching the prior two gains, and 4.8% from a year earlier, down from a 5.2% pace a month earlier. Economists at Goldman Sachs estimate smaller, 0.2% and 4.7% monthly and annual rates of increase. The former would be the smallest gain since late 2020; the latter would mark the slowest pace this year.</p><p>There are problems focusing on the core PCE. It tends to run about a half-percentage point below the CPI, in part because of differences in how medical and housing costs are treated, and inflation already feels worse to many consumers and businesses than even the CPI shows. But for the purposes of predicting the path of monetary policy, it is the metric that counts most, and it is slowing faster than other inflation figures.</p><p>Consumers and businesses don&#39;t yet feel like price inflation has peaked. But a faster slowdown in the core PCE deflator alongside a brewing storm in the high-yield credit market mean that it&#39;s possible that Fed hawkishness has.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2235127889","content_text":"The April consumer price index and ongoing stock market turmoil captured much of investors' attention over the past week. They may be looking in the wrong places, at least when it comes to predicting the path of Federal Reserve policy.One of the biggest questions investors have lately is whether the so-called Fed put -- the idea that the central bank will backstop financial markets and rescue investors from serious downturns -- is still alive. Many prognosticators say it is dead, because the Fed is so far behind the inflation curve that it has no choice but to tighten even if stocks crumble. The S&P 500 is down about 14% from its January 2022 all-time high, a loss that is approaching the roughly 20% decline that prompted the Fed in January 2019 to stop shrinking its balance sheet. This time, quantitative tightening, or QT, hasn't even started, and central bankers sound increasingly hawkish, despite the carnage.The Fed put probably still exists, if at a much lower strike price than investors have come to expect. The idea is that if stock prices fall far enough, the hit to household wealth would spill over into the broader economy. But while stocks matter, investors may be looking at the wrong market. It is pain in the credit market that will ultimately make the Fed relent, says Joe LaVorgna, chief economist for the Americas at Natixis, pointing in particular to the junkiest of junk bonds. That is where problems tend to originate, threatening a melt-up in the bond market that is akin to collapsing dominoes.Relative to U.S. Treasuries, the yield on CCC-rated debt is widening quickly and substantially. That spread grew to about 10% this past week, the highest level since late 2020 and around levels where the Fed has previously eased monetary policy to counter slowing economic growth. LaVorgna pegs the strike price of the Fed put at a yield spread of 1,500 basis points, or 15%, between CCC-rated debt and the five-year U.S. Treasury note.\"You can get there pretty quickly,\" he says, adding that the catalyst for such a move may come as early as next month, when the market has to absorb about $50 billion in extra Treasury and mortgage-backed securities supply as QT begins. \"We know it is coming,\" LaVorgna says. \"But when it actually comes, we need buyers other than the Fed, and that will suck liquidity out. No one knows how to price for this.\"The idea that the Fed could so quickly pivot flies in the face of recent Fedspeak. Consider Fed Chairman Jerome Powell's comments on Thursday that the one thing the Fed can't do is fail to restore price stability, even if it means economic pain. It also belies the latest inflation data. But investors interested in the weeds might find reason to wonder if the Fed already has a cover in the making that will allow it to more quickly shift its focus to weakening growth data.First, the latest inflation data. The April CPI report wasn't good. Ahead of it, expectations ran high that the data would confirm what economists and strategists across Wall Street thought they already knew. But while headline CPI slowed a touch in April to an 8.3% pace from a year earlier, the report lacked evidence that inflation has really peaked, says Jefferies chief economist Aneta Markowska. Consider that the so-called base effect artificially pushed the year-over-year metric lower as a particularly high reading from a year ago fell out of the calculation, as well as the fact that the April decline in energy prices has reversed. Prices at the pump hit a record during the week, while diesel prices extended a streak of daily record highs.All of that is before getting to the guts of the CPI report. Service-sector inflation is surging, undermining the conventional wisdom that inflation is mainly about supply-side issues that the Fed can't affect. Services inflation is rising beyond shelter prices, which represent a third of total CPI and won't slow soon, as rents lag behind still-rising home prices by about a year. What is more, CPI excluding food and energy doubled from a month earlier to rise a faster-than-expected 0.6% in April. Policy makers favor core measures, and Powell has suggested that month-over-month readings are more important than year-over-year levels as the Fed monitors price changes -- meaning the worst number in the April CPI report was the most important one.The April producer price index, released a day after the CPI, didn't improve the picture. Wholesale prices rose 11% from a year earlier, a fifth consecutive double-digit increase and a sign that companies will continue to push higher prices through to consumers or eat them at their margins' expense.Here is where there is some hidden good news. Economists use the details of the CPI and PPI reports to predict the Fed's favored inflation metric, the core personal-consumption expenditures deflator. Put the latest inflation reports together and the core PCE probably rose at a much more benign pace last month (it is due out on May 27). Citi economist Veronica Clark points particularly to legislated cuts in Medicare payments to medical-services providers, which weighed on medical-services prices. She sees the core PCE rising 0.3% in April from March, matching the prior two gains, and 4.8% from a year earlier, down from a 5.2% pace a month earlier. Economists at Goldman Sachs estimate smaller, 0.2% and 4.7% monthly and annual rates of increase. The former would be the smallest gain since late 2020; the latter would mark the slowest pace this year.There are problems focusing on the core PCE. It tends to run about a half-percentage point below the CPI, in part because of differences in how medical and housing costs are treated, and inflation already feels worse to many consumers and businesses than even the CPI shows. But for the purposes of predicting the path of monetary policy, it is the metric that counts most, and it is slowing faster than other inflation figures.Consumers and businesses don't yet feel like price inflation has peaked. But a faster slowdown in the core PCE deflator alongside a brewing storm in the high-yield credit market mean that it's possible that Fed hawkishness has.","news_type":1},"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019676442,"gmtCreate":1648598684416,"gmtModify":1676534360297,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"And then what is next?","listText":"And then what is next?","text":"And then what is next?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019676442","repostId":"1191362865","repostType":2,"repost":{"id":"1191362865","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":1648596881,"share":"https://www.laohu8.com/m/news/1191362865?lang=&edition=full","pubTime":"2022-03-30 07:34","market":"us","language":"en","title":"U.S. Yield Curve Inversion: What Is It Telling Us?","url":"https://stock-news.laohu8.com/highlight/detail?id=1191362865","media":"Reuters","summary":"(Reuters) - The U.S. Treasury yield curve inverted on Tuesday for the first time since 2019, as inve","content":"<html><head></head><body><p>(Reuters) - The U.S. Treasury yield curve inverted on Tuesday for the first time since 2019, as investors priced in an aggressive rate-hiking plan by the Federal Reserve as it attempts to bring inflation down from 40-year highs.</p><p>Here is a quick primer explaining what a steep, flat or inverted yield curve means and how it has in the past predicted recession, and what it might be signaling now.</p><p>WHAT SHOULD THE CURVE LOOK LIKE?</p><p>The U.S. Treasury finances federal government budget obligations by issuing various forms of debt. The$23 trillionTreasury market includes Treasury bills with maturities from one month out to one year, notes from two years to 10 years, as well as 20- and 30-year bonds.</p><p>The yield curve plots the yield of all Treasury securities.</p><p>Typically, the curve slopes upwards because investors expect more compensation for taking on the risk that rising inflation will lower the expected return from owning longer-dated bonds. That means a 10-year note typically yields more than a two-year note because it has a longer duration. Yields move inversely to prices.</p><p>A steepening curve typically signals expectations of stronger economic activity, higher inflation, and higher interest rates. A flattening curve can mean the opposite: investors expect rate hikes in the near term and have lost confidence in the economy&#39;s growth outlook.</p><p>WHAT DOES AN INVERTED CURVE MEAN?</p><p>Investors watch parts of the yield curve as recession indicators, primarily the spread between the yield on three-month Treasury bills and 10-year notes and the U.S. two-year to 10-year (2/10) curve .</p><p>On Tuesday, the 2/10 part of the curve inverted, meaning yields on the 2-year Treasury were actually higher than the 10-year Treasury. That is a warning light to investors that a recession could follow.</p><p><img src=\"https://static.tigerbbs.com/dfccd15cd5e165b3913b1c7e17f02b9c\" tg-width=\"1320\" tg-height=\"800\" referrerpolicy=\"no-referrer\"/>Reuters Graphics</p><p>The U.S. curve has inverted before each recession since 1955, with a recession following between six and 24 months, according to a 2018reportby researchers at the Federal Reserve Bank of San Francisco. It offered a false signal just once in that time.</p><p>According to Anu Gaggar, Global Investment Strategist for Commonwealth Financial Network, who looked at the 2/10 part of the curve, there have been 28 instances since 1900 where the yield curve has inverted; in 22 of these episodes, a recession has followed. The lag between curve inversion and the start of a recession has averaged about 22 months but has ranged from 6 to 36 months for the last six recessions, she wrote.</p><p>The last time the 2/10 part of the yield curve inverted was in 2019. The following year, the United States entered a recession - albeit one caused by the global pandemic.</p><p><img src=\"https://static.tigerbbs.com/e1ad35d492b916a985aa18205f6bde78\" tg-width=\"729\" tg-height=\"474\" referrerpolicy=\"no-referrer\"/>2/10 curve</p><p>WHY IS THE YIELD CURVE INVERTING NOW?</p><p>Yields of short-term U.S. government debt have been rising quickly this year, reflecting expectations of a series of rate hikes by the U.S. Federal Reserve, while longer-dated government bond yields have moved at a slower pace amid concerns policy tightening may hurt the economy.</p><p>As a result, the shape of the Treasury yield curve has been generally flattening and in some cases inverting.</p><p>Other parts of the yield curve have also inverted, including the spread between five- and 30-year U.S. Treasury yields , which this week moved below zero for the first time since February 2006, according to Refinitiv data.</p><p>ARE WE GETTING MIXED SIGNALS?</p><p>Still, another closely monitored part of the curve has been giving off a different signal: The spread between the yield on three-month Treasury bills and 10-year notes this month has been widening , causing some to doubt a recession is imminent.</p><p>Meanwhile, the two-year/10-year yield curve has technical issues, and not everyone is convinced the flattening curve is telling the true story. They say the Fed&#39;s bond buying program of the last two years has resulted in an undervalued U.S. 10-year yield that will rise when the central bank starts shrinking its balance sheet, steepening the curve.read more</p><p>Researchers at the Fed, meanwhile, put outa paperon March 25 that suggested the predictive power of the spreads between 2 and 10-year Treasuries to signal a coming recession is &#34;probably spurious,&#34; and suggested a better herald of a coming economic slowdown is the spread of Treasuries with maturities of less than 2 years.</p><p>WHAT DOES THIS MEAN FOR THE REAL WORLD?</p><p>While rate increases can be a weapon against inflation, they can also slow economic growth by increasing the cost of borrowing for everything from mortgages to car loans.</p><p>Aside from signals it may flash on the economy, the shape of the yield curve has ramifications for consumers and business.</p><p>When short-term rates increase, U.S. banks tend to raise their benchmark rates for a wide range of consumer and commercial loans, including small business loans and credit cards, making borrowing more expensive for consumers. Mortgage rates also rise.</p><p>When the yield curve steepens, banks are able to borrow money at lower interest rates and lend at higher interest rates. Conversely, when the curve is flatter they find their margins squeezed, which may deter lending.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Yield Curve Inversion: What Is It Telling Us?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Yield Curve Inversion: What Is It Telling Us?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-30 07:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The U.S. Treasury yield curve inverted on Tuesday for the first time since 2019, as investors priced in an aggressive rate-hiking plan by the Federal Reserve as it attempts to bring inflation down from 40-year highs.</p><p>Here is a quick primer explaining what a steep, flat or inverted yield curve means and how it has in the past predicted recession, and what it might be signaling now.</p><p>WHAT SHOULD THE CURVE LOOK LIKE?</p><p>The U.S. Treasury finances federal government budget obligations by issuing various forms of debt. The$23 trillionTreasury market includes Treasury bills with maturities from one month out to one year, notes from two years to 10 years, as well as 20- and 30-year bonds.</p><p>The yield curve plots the yield of all Treasury securities.</p><p>Typically, the curve slopes upwards because investors expect more compensation for taking on the risk that rising inflation will lower the expected return from owning longer-dated bonds. That means a 10-year note typically yields more than a two-year note because it has a longer duration. Yields move inversely to prices.</p><p>A steepening curve typically signals expectations of stronger economic activity, higher inflation, and higher interest rates. A flattening curve can mean the opposite: investors expect rate hikes in the near term and have lost confidence in the economy&#39;s growth outlook.</p><p>WHAT DOES AN INVERTED CURVE MEAN?</p><p>Investors watch parts of the yield curve as recession indicators, primarily the spread between the yield on three-month Treasury bills and 10-year notes and the U.S. two-year to 10-year (2/10) curve .</p><p>On Tuesday, the 2/10 part of the curve inverted, meaning yields on the 2-year Treasury were actually higher than the 10-year Treasury. That is a warning light to investors that a recession could follow.</p><p><img src=\"https://static.tigerbbs.com/dfccd15cd5e165b3913b1c7e17f02b9c\" tg-width=\"1320\" tg-height=\"800\" referrerpolicy=\"no-referrer\"/>Reuters Graphics</p><p>The U.S. curve has inverted before each recession since 1955, with a recession following between six and 24 months, according to a 2018reportby researchers at the Federal Reserve Bank of San Francisco. It offered a false signal just once in that time.</p><p>According to Anu Gaggar, Global Investment Strategist for Commonwealth Financial Network, who looked at the 2/10 part of the curve, there have been 28 instances since 1900 where the yield curve has inverted; in 22 of these episodes, a recession has followed. The lag between curve inversion and the start of a recession has averaged about 22 months but has ranged from 6 to 36 months for the last six recessions, she wrote.</p><p>The last time the 2/10 part of the yield curve inverted was in 2019. The following year, the United States entered a recession - albeit one caused by the global pandemic.</p><p><img src=\"https://static.tigerbbs.com/e1ad35d492b916a985aa18205f6bde78\" tg-width=\"729\" tg-height=\"474\" referrerpolicy=\"no-referrer\"/>2/10 curve</p><p>WHY IS THE YIELD CURVE INVERTING NOW?</p><p>Yields of short-term U.S. government debt have been rising quickly this year, reflecting expectations of a series of rate hikes by the U.S. Federal Reserve, while longer-dated government bond yields have moved at a slower pace amid concerns policy tightening may hurt the economy.</p><p>As a result, the shape of the Treasury yield curve has been generally flattening and in some cases inverting.</p><p>Other parts of the yield curve have also inverted, including the spread between five- and 30-year U.S. Treasury yields , which this week moved below zero for the first time since February 2006, according to Refinitiv data.</p><p>ARE WE GETTING MIXED SIGNALS?</p><p>Still, another closely monitored part of the curve has been giving off a different signal: The spread between the yield on three-month Treasury bills and 10-year notes this month has been widening , causing some to doubt a recession is imminent.</p><p>Meanwhile, the two-year/10-year yield curve has technical issues, and not everyone is convinced the flattening curve is telling the true story. They say the Fed&#39;s bond buying program of the last two years has resulted in an undervalued U.S. 10-year yield that will rise when the central bank starts shrinking its balance sheet, steepening the curve.read more</p><p>Researchers at the Fed, meanwhile, put outa paperon March 25 that suggested the predictive power of the spreads between 2 and 10-year Treasuries to signal a coming recession is &#34;probably spurious,&#34; and suggested a better herald of a coming economic slowdown is the spread of Treasuries with maturities of less than 2 years.</p><p>WHAT DOES THIS MEAN FOR THE REAL WORLD?</p><p>While rate increases can be a weapon against inflation, they can also slow economic growth by increasing the cost of borrowing for everything from mortgages to car loans.</p><p>Aside from signals it may flash on the economy, the shape of the yield curve has ramifications for consumers and business.</p><p>When short-term rates increase, U.S. banks tend to raise their benchmark rates for a wide range of consumer and commercial loans, including small business loans and credit cards, making borrowing more expensive for consumers. Mortgage rates also rise.</p><p>When the yield curve steepens, banks are able to borrow money at lower interest rates and lend at higher interest rates. Conversely, when the curve is flatter they find their margins squeezed, which may deter lending.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191362865","content_text":"(Reuters) - The U.S. Treasury yield curve inverted on Tuesday for the first time since 2019, as investors priced in an aggressive rate-hiking plan by the Federal Reserve as it attempts to bring inflation down from 40-year highs.Here is a quick primer explaining what a steep, flat or inverted yield curve means and how it has in the past predicted recession, and what it might be signaling now.WHAT SHOULD THE CURVE LOOK LIKE?The U.S. Treasury finances federal government budget obligations by issuing various forms of debt. The$23 trillionTreasury market includes Treasury bills with maturities from one month out to one year, notes from two years to 10 years, as well as 20- and 30-year bonds.The yield curve plots the yield of all Treasury securities.Typically, the curve slopes upwards because investors expect more compensation for taking on the risk that rising inflation will lower the expected return from owning longer-dated bonds. That means a 10-year note typically yields more than a two-year note because it has a longer duration. Yields move inversely to prices.A steepening curve typically signals expectations of stronger economic activity, higher inflation, and higher interest rates. A flattening curve can mean the opposite: investors expect rate hikes in the near term and have lost confidence in the economy's growth outlook.WHAT DOES AN INVERTED CURVE MEAN?Investors watch parts of the yield curve as recession indicators, primarily the spread between the yield on three-month Treasury bills and 10-year notes and the U.S. two-year to 10-year (2/10) curve .On Tuesday, the 2/10 part of the curve inverted, meaning yields on the 2-year Treasury were actually higher than the 10-year Treasury. That is a warning light to investors that a recession could follow.Reuters GraphicsThe U.S. curve has inverted before each recession since 1955, with a recession following between six and 24 months, according to a 2018reportby researchers at the Federal Reserve Bank of San Francisco. It offered a false signal just once in that time.According to Anu Gaggar, Global Investment Strategist for Commonwealth Financial Network, who looked at the 2/10 part of the curve, there have been 28 instances since 1900 where the yield curve has inverted; in 22 of these episodes, a recession has followed. The lag between curve inversion and the start of a recession has averaged about 22 months but has ranged from 6 to 36 months for the last six recessions, she wrote.The last time the 2/10 part of the yield curve inverted was in 2019. The following year, the United States entered a recession - albeit one caused by the global pandemic.2/10 curveWHY IS THE YIELD CURVE INVERTING NOW?Yields of short-term U.S. government debt have been rising quickly this year, reflecting expectations of a series of rate hikes by the U.S. Federal Reserve, while longer-dated government bond yields have moved at a slower pace amid concerns policy tightening may hurt the economy.As a result, the shape of the Treasury yield curve has been generally flattening and in some cases inverting.Other parts of the yield curve have also inverted, including the spread between five- and 30-year U.S. Treasury yields , which this week moved below zero for the first time since February 2006, according to Refinitiv data.ARE WE GETTING MIXED SIGNALS?Still, another closely monitored part of the curve has been giving off a different signal: The spread between the yield on three-month Treasury bills and 10-year notes this month has been widening , causing some to doubt a recession is imminent.Meanwhile, the two-year/10-year yield curve has technical issues, and not everyone is convinced the flattening curve is telling the true story. They say the Fed's bond buying program of the last two years has resulted in an undervalued U.S. 10-year yield that will rise when the central bank starts shrinking its balance sheet, steepening the curve.read moreResearchers at the Fed, meanwhile, put outa paperon March 25 that suggested the predictive power of the spreads between 2 and 10-year Treasuries to signal a coming recession is \"probably spurious,\" and suggested a better herald of a coming economic slowdown is the spread of Treasuries with maturities of less than 2 years.WHAT DOES THIS MEAN FOR THE REAL WORLD?While rate increases can be a weapon against inflation, they can also slow economic growth by increasing the cost of borrowing for everything from mortgages to car loans.Aside from signals it may flash on the economy, the shape of the yield curve has ramifications for consumers and business.When short-term rates increase, U.S. banks tend to raise their benchmark rates for a wide range of consumer and commercial loans, including small business loans and credit cards, making borrowing more expensive for consumers. Mortgage rates also rise.When the yield curve steepens, banks are able to borrow money at lower interest rates and lend at higher interest rates. Conversely, when the curve is flatter they find their margins squeezed, which may deter lending.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079601435,"gmtCreate":1657182460027,"gmtModify":1676535965396,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Expected but not yet&nbsp;","listText":"Expected but not yet&nbsp;","text":"Expected but not yet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079601435","repostId":"1154747137","repostType":2,"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070791058,"gmtCreate":1657102354774,"gmtModify":1676535949614,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070791058","repostId":"1103081366","repostType":2,"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068480648,"gmtCreate":1651798320184,"gmtModify":1676534972683,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Yesterday mentioned will go up but it went down. Today say down. Just parroting what US was last night&nbsp;","listText":"Yesterday mentioned will go up but it went down. Today say down. Just parroting what US was last night&nbsp;","text":"Yesterday mentioned will go up but it went down. Today say down. Just parroting what US was last night","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068480648","repostId":"1101942858","repostType":4,"repost":{"id":"1101942858","pubTimestamp":1651796277,"share":"https://www.laohu8.com/m/news/1101942858?lang=&edition=full","pubTime":"2022-05-06 08:17","market":"sg","language":"en","title":"Losses May Accelerate For Singapore Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1101942858","media":"RTTNews","summary":"The Singapore stock market has tracked lower in back-to-back sessions, sinking almost 15 points or 0","content":"<html><head></head><body><p>The Singapore stock market has tracked lower in back-to-back sessions, sinking almost 15 points or 0.4 percent along the way. The Straits Times Index now rests just beneath the 3,345-point plateau and it&#39;s tipped to open in the red again on Friday.</p><p>The global forecast for the Asian markets suggests consolidation on concerns for the outlook for interest rates and the global economy. The European and U.S. markets were solidly lower and the Asian bourses are tipped to open in a similar fashion.</p><p>The STI finished slightly lower on Thursday following losses from the property stocks and a mixed picture from the financials and industrials.</p><p>For the day, the index dipped 5.70 points or 0.17 percent to finish at 3,343.57 after trading between 3,338.61 and 3,373.15. Volume was 2.04 billion shares worth 1.30 billion ringgit. There were 252 gainers and 224 decliners.</p><p>Among the actives, CapitaLand Integrated Commercial Trust advanced 0.87 percent, while CapitaLand Investment plummeted 3.16 percent, City Developments rallied 1.99 percent, Dairy Farm International soared 2.94 percent, DBS Group tumbled 1.32 percent, Genting Singapore shed 0.62 percent, Hongkong Land spiked 2.11 percent, Keppel Corp climbed 0.88 percent, Mapletree Commercial Trust added 0.53 percent, Mapletree Industrial Trust and Jardine Cycle both declined 1.17 percent, Oversea-Chinese Banking Corporation collected 0.24 percent, SATS skidded 1.10 percent, Singapore Technologies Engineering gained 0.49 percent, Thai Beverage surged 3.70 percent, United Overseas Bank retreated 1.12 percent, Wilmar International sank 0.68 percent, Yangzijiang Financial jumped 1.08 percent and Yangzijiang Shipbuilding, Mapletree Logistics Trust, Ascendas REIT, SembCorp Industries, Singapore Exchange, SingTel and Comfort DelGro all were unchanged.</p><p>The lead from Wall Street is broadly negative as the major averages opened under pressure and saw the losses accelerate as the day progressed, finishing deep in the red.</p><p>The Dow plummeted 1,063 points or 3.12 percent to finish at 32,997.97, while the NASDAQ plunged 647.16 points or 4.99 percent to close at 12,317.16 and the S&amp;P 500 tumbled 153.30 points or 3.56 percent to end at 4,146.87.</p><table><tbody><tr></tr></tbody></table><p>The sell-off on Wall Street came as traders cashed in on the rally that followed the Federal Reserve&#39;s monetary policy announcement on Wednesday, which was less hawkish than some had feared.</p><p>But concerns about higher rates, inflation, the economic outlook and the ongoing war in Ukraine remain, contributing to the sharp pullback on Wall Street. A sharp increase in treasury yields also weighed as the yield on the benchmark ten-year note hit to its highest levels in three years.</p><p>Traders were also looking ahead to the release of the Labor Department&#39;s closely watched monthly jobs report later today.</p><p>Crude oil futures settled higher Thursday, benefitting from the European Union proposal to impose sanctions on Russian oil, although prices pared some gains as the dollar rebounded on safe haven buying. West Texas Intermediate Crude oil futures for June ended higher by $0.45 or 0.4 percent at $108.26 a barrel.</p></body></html>","source":"lsy1626938412129","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>Losses May Accelerate For Singapore Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLosses May Accelerate For Singapore Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 08:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.rttnews.com/3282029/losses-may-accelerate-for-singapore-stock-market.aspx?type=acom><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market has tracked lower in back-to-back sessions, sinking almost 15 points or 0.4 percent along the way. The Straits Times Index now rests just beneath the 3,345-point plateau and...</p>\n\n<a href=\"https://www.rttnews.com/3282029/losses-may-accelerate-for-singapore-stock-market.aspx?type=acom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3282029/losses-may-accelerate-for-singapore-stock-market.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101942858","content_text":"The Singapore stock market has tracked lower in back-to-back sessions, sinking almost 15 points or 0.4 percent along the way. The Straits Times Index now rests just beneath the 3,345-point plateau and it's tipped to open in the red again on Friday.The global forecast for the Asian markets suggests consolidation on concerns for the outlook for interest rates and the global economy. The European and U.S. markets were solidly lower and the Asian bourses are tipped to open in a similar fashion.The STI finished slightly lower on Thursday following losses from the property stocks and a mixed picture from the financials and industrials.For the day, the index dipped 5.70 points or 0.17 percent to finish at 3,343.57 after trading between 3,338.61 and 3,373.15. Volume was 2.04 billion shares worth 1.30 billion ringgit. There were 252 gainers and 224 decliners.Among the actives, CapitaLand Integrated Commercial Trust advanced 0.87 percent, while CapitaLand Investment plummeted 3.16 percent, City Developments rallied 1.99 percent, Dairy Farm International soared 2.94 percent, DBS Group tumbled 1.32 percent, Genting Singapore shed 0.62 percent, Hongkong Land spiked 2.11 percent, Keppel Corp climbed 0.88 percent, Mapletree Commercial Trust added 0.53 percent, Mapletree Industrial Trust and Jardine Cycle both declined 1.17 percent, Oversea-Chinese Banking Corporation collected 0.24 percent, SATS skidded 1.10 percent, Singapore Technologies Engineering gained 0.49 percent, Thai Beverage surged 3.70 percent, United Overseas Bank retreated 1.12 percent, Wilmar International sank 0.68 percent, Yangzijiang Financial jumped 1.08 percent and Yangzijiang Shipbuilding, Mapletree Logistics Trust, Ascendas REIT, SembCorp Industries, Singapore Exchange, SingTel and Comfort DelGro all were unchanged.The lead from Wall Street is broadly negative as the major averages opened under pressure and saw the losses accelerate as the day progressed, finishing deep in the red.The Dow plummeted 1,063 points or 3.12 percent to finish at 32,997.97, while the NASDAQ plunged 647.16 points or 4.99 percent to close at 12,317.16 and the S&P 500 tumbled 153.30 points or 3.56 percent to end at 4,146.87.The sell-off on Wall Street came as traders cashed in on the rally that followed the Federal Reserve's monetary policy announcement on Wednesday, which was less hawkish than some had feared.But concerns about higher rates, inflation, the economic outlook and the ongoing war in Ukraine remain, contributing to the sharp pullback on Wall Street. A sharp increase in treasury yields also weighed as the yield on the benchmark ten-year note hit to its highest levels in three years.Traders were also looking ahead to the release of the Labor Department's closely watched monthly jobs report later today.Crude oil futures settled higher Thursday, benefitting from the European Union proposal to impose sanctions on Russian oil, although prices pared some gains as the dollar rebounded on safe haven buying. West Texas Intermediate Crude oil futures for June ended higher by $0.45 or 0.4 percent at $108.26 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581584102044175","authorId":"3581584102044175","name":"Slayer888","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"content":"Dow down follow","text":"Dow down follow","html":"Dow down follow"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018706434,"gmtCreate":1649085033428,"gmtModify":1676534447844,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Go Apple&nbsp;","listText":"Go Apple&nbsp;","text":"Go Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018706434","repostId":"2224603370","repostType":4,"repost":{"id":"2224603370","pubTimestamp":1649001600,"share":"https://www.laohu8.com/m/news/2224603370?lang=&edition=full","pubTime":"2022-04-04 00:00","market":"us","language":"en","title":"2 FAANG Stocks to Buy Hand Over Fist and 1 to Avoid Like the Plague","url":"https://stock-news.laohu8.com/highlight/detail?id=2224603370","media":"Motley Fool","summary":"Among Meta Platforms (formerly Facebook), Apple, Amazon, Netflix, and Alphabet (formerly Google), there are two incredible bargains and one successful company to shy away from.","content":"<html><head></head><body><p>Over the very long term, the stock market has averaged an annual return of right around 10%, thereby allowing patient investors to double their money every seven to eight years.  But for FAANG stock shareholders, gains have been far more robust in a much shorter time frame.</p><p>When I say &#34;FAANG,&#34; I&#39;m referring to:</p><ul><li>Facebook, which is now a part of parent company <b><a href=\"https://laohu8.com/S/FB\">Meta Platforms</a></b> ( FB 1.12% )</li><li><b>Apple</b> ( AAPL -0.17% )</li><li><b>Amazon</b> ( AMZN 0.34% )</li><li><b>Netflix</b> ( NFLX -0.30% )</li><li>Google, which is now part of parent company <b>Alphabet</b> ( GOOGL 0.78% )( GOOG 0.75% )</li></ul><p><img src=\"https://static.tigerbbs.com/fb1fd3c71278c123e5dd0404a4dbb43c\" tg-width=\"700\" tg-height=\"525\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><p>Over the trailing decade (through March 31, 2022), Apple, Amazon, Netflix, and Alphabet have risen by 716%, 1,510%, 2,180%, and 768%, respectively. Meta, which debuted via initial public offering a little less than 10 years ago, has galloped higher by a cool 482%.</p><p>The reason the FAANGs have outperformed is pretty simple: they&#39;re innovative industry leaders. From Meta&#39;s leading social media assets to Alphabet&#39;s internet search share and Amazon&#39;s e-commerce dominance, these are the premier names in their respective industries -- and their operating cash flow often shows it.</p><p>But in spite of their outperformance, not every FAANG stock is necessarily a great investment at the moment. While two FAANG stocks can be confidently bought hand over fist right now, <a href=\"https://laohu8.com/S/AONE.U\">one</a> stands out as a clear avoid.</p><p><img src=\"https://static.tigerbbs.com/622c2090a37311c6575e4ead7f69d5bf\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><h2>FAANG No. 1 to buy hand over fist: Alphabet</h2><p>Following the pullback in the broader market during the first quarter, Alphabet is potentially the most-attractive FAANG stock to buy right now.</p><p>For more than two decades, internet search engine Google has been the bread-and-butter sales and income generator for the company. Based on data from GlobalStats, Google has accounted for between 91% and 93% of monthly worldwide internet search share dating back at least two years. With such a dominant share of the internet search market, no one should be surprised that advertisers are willing to pay a premium to get their message in front of users.</p><p>What folks might not realize is that Alphabet is about much more than just internet search these days. Even though this remains a highly profitable part of its business, and operating margins should continue to improve over time, it&#39;s actually Alphabet&#39;s ancillary operations that could drive its greatest long-term growth prospects.</p><p>Streaming content platform YouTube has become one of the most-visited social sites in the world. During the fourth quarter, YouTube brought in a record $8.63 billion in ad revenue.</p><p>Perhaps even more exciting, Google Cloud is No. 3 in global cloud infrastructure spending. Google Cloud has consistently been growing by close to 50% on a year-over-year basis, and it recently hit a $22 billion annual revenue run-rate (as of Q4 2021). Since the margins associated with cloud services are considerably higher than advertising margins, the expectation is for Google Cloud to lead the charge in doubling Alphabet&#39;s operating cash flow by mid-decade.</p><p>Investors can currently scoop up shares of Alphabet for about 20 times Wall Street&#39;s forward-year earnings forecast, which is incredibly inexpensive when you consider the company is still growing by 15% to 20% on an annual basis.</p><p><img src=\"https://static.tigerbbs.com/94b624d190461ea2fbb6078fcff7614c\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><h2>FAANG No. 2 to buy hand over fist: Meta Platforms</h2><p>The second FAANG stock investors can confidently buy hand over fist is Meta Platforms.</p><p>Meta was one of the worst-performing stocks in the <b>S&amp;P 500</b> during the first quarter. Wall Street has been less than enthused about the company&#39;s beefed up spending on the metaverse. Additionally, there have been persistent concerns about how Apple&#39;s iOS privacy changes could adversely impact ad-driven operating models. While these <i>are</i> tangible concerns, the beating shares of Meta have taken seems uncalled for given a variety of reasons.</p><p>To begin with, Meta Platforms still controls four of the most-popular social media destinations on the planet. Facebook had 2.91 billion users visiting its site monthly during the fourth quarter, with an additional 680 million unique visitors heading to Instagram and/or WhatsApp, which Meta also owns. That&#39;s 3.59 billion combined monthly active users, or more than half of the world&#39;s adult population. Advertisers are aware that Meta gives them the broadest reach among any social media platform, which is why Meta has such incredible ad-pricing power. The average price per ad rose 24% year-over-year in 2021.</p><p>Something else to consider is that Meta has the luxury to invest aggressively in the metaverse -- i.e., the next iteration of the internet, which&#39;ll allow connected users to interact with each other and their 3D virtual surroundings -- without hurting its core ad business. The company&#39;s family of apps generated nearly $57 billion in operating income last year. What&#39;s more, Meta ended 2021 with over $33 billion in net cash. There&#39;s more than enough wiggle room for Mark Zuckerberg to build his company&#39;s position as a leading metaverse player, even if a significant surge in metaverse revenue is a long way off.</p><p>The bottom line is that Meta is continuing to grow by a double-digit percentage annually, yet is only valued at a multiple of 15 times Wall Street&#39;s forward-year consensus earnings forecast. For comparison, Meta&#39;s forward-year price-to-earnings multiple has averaged 25 over the past five years.  That&#39;s how much of a bargain its shares are right now.</p><p><img src=\"https://static.tigerbbs.com/9ed393b7e8e9f4de0b9ee81a647a64c6\" tg-width=\"700\" tg-height=\"463\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Apple.</p><h2>The FAANG stock to avoid like the plague: Apple</h2><p>On the other side of the coin is tech kingpin Apple, which I believe investors should avoid like the plague.</p><p>To be crystal clear, Apple has been a fantastic investment for much of the past 20 years. It sells the most-popular smartphone in the U.S., and generally has a long line of customers waiting outside its stores anytime a new product is released. It&#39;s a sign that Apple&#39;s innovation has been a driving force behind its growth.</p><p>Apple also deserves plenty of credit for shifting its focus to subscription services. Even though products (iPhone, Mac, and iPad) still account for the lion&#39;s share of the company&#39;s sales, subscription services are a faster growth opportunity over the long-term, and should help alleviate some of the sales lumpiness associated with product replacement cycles.</p><p>You might be asking, &#34;If Apple is such a well-rounded company, why avoid it?&#34;</p><p>First off, the company has benefited from more than 18 months of 5G-capable iPhone sales. This means its hit a lot of the low-hanging fruit when it comes to the 5G device replacement cycle. Surpassing last years&#39; iPhone sales in 2022 is going to be a lot tougher, especially without any significant changes to newer iPhone models.</p><p>Persistent global supply chain issues (more specifically, semiconductor chip shortages) are another reason to be concerned about Apple. Last week, Nikkei Asia reported that Apple is reducing production of its lower-priced iPhone SE by 20%. Apple may be resilient, but it&#39;s not immune to supply chain problems.</p><p>But the biggest red flag might be Apple&#39;s uninspiring sales and profit growth. It&#39;s expected to be the slowest-growing of the FAANGs (8% estimated sales growth in 2022, followed by 6% in 2023), yet sports one of the higher forward-year price-to-earnings ratios (27). Keep in mind that Apple&#39;s earnings have been buoyed by aggressive share repurchases. Without these buybacks, Apple&#39;s near-term profit growth could slow to the low-to-mid single digits. There are simply better deals right now than Apple.</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 FAANG Stocks to Buy Hand Over Fist and 1 to Avoid Like the Plague</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 FAANG Stocks to Buy Hand Over Fist and 1 to Avoid Like the Plague\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-04 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/04/2-faang-stocks-to-buy-1-to-avoid-like-the-plague/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Over the very long term, the stock market has averaged an annual return of right around 10%, thereby allowing patient investors to double their money every seven to eight years.  But for FAANG stock ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/04/2-faang-stocks-to-buy-1-to-avoid-like-the-plague/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4508":"社交媒体","GOOG":"谷歌","BK4525":"远程办公概念","BK4559":"巴菲特持仓","BK4108":"电影和娱乐","BK4077":"互动媒体与服务","BK4501":"段永平概念","BK4538":"云计算","BK4527":"明星科技股","GOOGL":"谷歌A","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","AMZN":"亚马逊","NFLX":"奈飞","BK4561":"索罗斯持仓","BK4574":"无人驾驶","BK4505":"高瓴资本持仓","BK4512":"苹果概念","AAPL":"苹果","BK4573":"虚拟现实","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","BK4170":"电脑硬件、储存设备及电脑周边","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","BK4534":"瑞士信贷持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4571":"数字音乐概念","BK4575":"芯片概念"},"source_url":"https://www.fool.com/investing/2022/04/04/2-faang-stocks-to-buy-1-to-avoid-like-the-plague/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2224603370","content_text":"Over the very long term, the stock market has averaged an annual return of right around 10%, thereby allowing patient investors to double their money every seven to eight years.  But for FAANG stock shareholders, gains have been far more robust in a much shorter time frame.When I say \"FAANG,\" I'm referring to:Facebook, which is now a part of parent company Meta Platforms ( FB 1.12% )Apple ( AAPL -0.17% )Amazon ( AMZN 0.34% )Netflix ( NFLX -0.30% )Google, which is now part of parent company Alphabet ( GOOGL 0.78% )( GOOG 0.75% )Image source: Getty Images.Over the trailing decade (through March 31, 2022), Apple, Amazon, Netflix, and Alphabet have risen by 716%, 1,510%, 2,180%, and 768%, respectively. Meta, which debuted via initial public offering a little less than 10 years ago, has galloped higher by a cool 482%.The reason the FAANGs have outperformed is pretty simple: they're innovative industry leaders. From Meta's leading social media assets to Alphabet's internet search share and Amazon's e-commerce dominance, these are the premier names in their respective industries -- and their operating cash flow often shows it.But in spite of their outperformance, not every FAANG stock is necessarily a great investment at the moment. While two FAANG stocks can be confidently bought hand over fist right now, one stands out as a clear avoid.Image source: Getty Images.FAANG No. 1 to buy hand over fist: AlphabetFollowing the pullback in the broader market during the first quarter, Alphabet is potentially the most-attractive FAANG stock to buy right now.For more than two decades, internet search engine Google has been the bread-and-butter sales and income generator for the company. Based on data from GlobalStats, Google has accounted for between 91% and 93% of monthly worldwide internet search share dating back at least two years. With such a dominant share of the internet search market, no one should be surprised that advertisers are willing to pay a premium to get their message in front of users.What folks might not realize is that Alphabet is about much more than just internet search these days. Even though this remains a highly profitable part of its business, and operating margins should continue to improve over time, it's actually Alphabet's ancillary operations that could drive its greatest long-term growth prospects.Streaming content platform YouTube has become one of the most-visited social sites in the world. During the fourth quarter, YouTube brought in a record $8.63 billion in ad revenue.Perhaps even more exciting, Google Cloud is No. 3 in global cloud infrastructure spending. Google Cloud has consistently been growing by close to 50% on a year-over-year basis, and it recently hit a $22 billion annual revenue run-rate (as of Q4 2021). Since the margins associated with cloud services are considerably higher than advertising margins, the expectation is for Google Cloud to lead the charge in doubling Alphabet's operating cash flow by mid-decade.Investors can currently scoop up shares of Alphabet for about 20 times Wall Street's forward-year earnings forecast, which is incredibly inexpensive when you consider the company is still growing by 15% to 20% on an annual basis.Image source: Getty Images.FAANG No. 2 to buy hand over fist: Meta PlatformsThe second FAANG stock investors can confidently buy hand over fist is Meta Platforms.Meta was one of the worst-performing stocks in the S&P 500 during the first quarter. Wall Street has been less than enthused about the company's beefed up spending on the metaverse. Additionally, there have been persistent concerns about how Apple's iOS privacy changes could adversely impact ad-driven operating models. While these are tangible concerns, the beating shares of Meta have taken seems uncalled for given a variety of reasons.To begin with, Meta Platforms still controls four of the most-popular social media destinations on the planet. Facebook had 2.91 billion users visiting its site monthly during the fourth quarter, with an additional 680 million unique visitors heading to Instagram and/or WhatsApp, which Meta also owns. That's 3.59 billion combined monthly active users, or more than half of the world's adult population. Advertisers are aware that Meta gives them the broadest reach among any social media platform, which is why Meta has such incredible ad-pricing power. The average price per ad rose 24% year-over-year in 2021.Something else to consider is that Meta has the luxury to invest aggressively in the metaverse -- i.e., the next iteration of the internet, which'll allow connected users to interact with each other and their 3D virtual surroundings -- without hurting its core ad business. The company's family of apps generated nearly $57 billion in operating income last year. What's more, Meta ended 2021 with over $33 billion in net cash. There's more than enough wiggle room for Mark Zuckerberg to build his company's position as a leading metaverse player, even if a significant surge in metaverse revenue is a long way off.The bottom line is that Meta is continuing to grow by a double-digit percentage annually, yet is only valued at a multiple of 15 times Wall Street's forward-year consensus earnings forecast. For comparison, Meta's forward-year price-to-earnings multiple has averaged 25 over the past five years.  That's how much of a bargain its shares are right now.Image source: Apple.The FAANG stock to avoid like the plague: AppleOn the other side of the coin is tech kingpin Apple, which I believe investors should avoid like the plague.To be crystal clear, Apple has been a fantastic investment for much of the past 20 years. It sells the most-popular smartphone in the U.S., and generally has a long line of customers waiting outside its stores anytime a new product is released. It's a sign that Apple's innovation has been a driving force behind its growth.Apple also deserves plenty of credit for shifting its focus to subscription services. Even though products (iPhone, Mac, and iPad) still account for the lion's share of the company's sales, subscription services are a faster growth opportunity over the long-term, and should help alleviate some of the sales lumpiness associated with product replacement cycles.You might be asking, \"If Apple is such a well-rounded company, why avoid it?\"First off, the company has benefited from more than 18 months of 5G-capable iPhone sales. This means its hit a lot of the low-hanging fruit when it comes to the 5G device replacement cycle. Surpassing last years' iPhone sales in 2022 is going to be a lot tougher, especially without any significant changes to newer iPhone models.Persistent global supply chain issues (more specifically, semiconductor chip shortages) are another reason to be concerned about Apple. Last week, Nikkei Asia reported that Apple is reducing production of its lower-priced iPhone SE by 20%. Apple may be resilient, but it's not immune to supply chain problems.But the biggest red flag might be Apple's uninspiring sales and profit growth. It's expected to be the slowest-growing of the FAANGs (8% estimated sales growth in 2022, followed by 6% in 2023), yet sports one of the higher forward-year price-to-earnings ratios (27). Keep in mind that Apple's earnings have been buoyed by aggressive share repurchases. Without these buybacks, Apple's near-term profit growth could slow to the low-to-mid single digits. There are simply better deals right now than Apple.","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990509223,"gmtCreate":1660361800664,"gmtModify":1676533459381,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990509223","repostId":"1129150866","repostType":2,"repost":{"id":"1129150866","pubTimestamp":1660352614,"share":"https://www.laohu8.com/m/news/1129150866?lang=&edition=full","pubTime":"2022-08-13 09:03","market":"us","language":"en","title":"Why Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231","url":"https://stock-news.laohu8.com/highlight/detail?id=1129150866","media":"MarketWatch","summary":"Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/e150d7de731c2e2e0ebee4395029900d\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The S&amp;P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities.</p><p>The S&amp;P 500 on Friday rose 1.7% to close at 4,280.15. The finish above 4,231 would mean the large-cap benchmark has recovered — or retraced — more than 50% of its fall from a Jan. 3 record finish at 4796.56.</p><p>“Since 1950 there has never been a bear market rally that exceeded the 50% retracement and then gone on to make new cycle lows,” said Jonathan Krinsky, chief market technician at BTIG, in a note earlier this month.</p><p>Stocks rose across the board Friday, with the S&amp;P 500 booking a fourth straight weekly gain. The Dow Jones Industrial Average advanced more than 420 points, or 1.3%, on Friday and the Nasdaq Composite rose 2.1%. The S&amp;P 500 attempted to complete the retracement in Thursday’s session, when it traded as high as 4,257.91, but gave up gains to end at 4,207.27.</p><p>Krinsky, in a Thursday update, had noted that an intraday breach of the level doesn’t cut it, but had cautioned that a close above 4,231 would still leave him cautious about the near-term outlook.</p><p>“Because the retracement is based on a closing basis, we would want to see a close above 4,231 to trigger that signal. Whether or not that happens, however, the tactical risk/reward looks poor to us here,” he wrote.</p><p>What’s so special about a 50% retracement? Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…).</p><p>If a number in the sequence is divided by the next number, for example 8 divided by 13, the result is near 0.618, a ratio that’s been dubbed the Golden Mean due to its prevalence in nature in everything from seashells to ocean waves to proportions of the human body. Back on Wall Street, technical analysts see key retracement targets for a rally from a significant low to a significant peak at 38.2%, 50% and 61.8%, while retracements of 23.6% and 76.4% are seen as secondary targets.</p><p>The push above the 50% retracement level during Thursday’s recession may have contributed to a round of selling itself, said Jeff deGraaf, founder of Renaissance Macro Research, in a Friday note.</p><p>He observed that the retracement corresponded to a 65-day high for the S&amp;P 500, offering another indication of an improving trend in a bear market as it represents the highest level of the last rolling quarter. A 65-day high is often seen as a default signal for commodity trading advisers, not just in the S&amp;P 500 but in commodity, bond and forex markets as well.</p><p>“That level coincidentally corresponded with the 50% retracement level of the bear market,” he wrote. “In essence, it forced the hand of one group to cover shorts (CTAs) while simultaneously giving another group (Fibonacci followers) an excuse to sell” on Thursday.</p><p>Krinsky, meanwhile, cautioned that previous 50% retracements in 1974, 2004, and 2009 all saw decent shakeouts shortly after clearing that threshold.</p><p>“Further, as the market has cheered ‘peak inflation’, we are now seeing a quiet resurgence in many commodities, and bonds continue to weaken,” he wrote Thursday.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-13 09:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129150866","content_text":"The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities.The S&P 500 on Friday rose 1.7% to close at 4,280.15. The finish above 4,231 would mean the large-cap benchmark has recovered — or retraced — more than 50% of its fall from a Jan. 3 record finish at 4796.56.“Since 1950 there has never been a bear market rally that exceeded the 50% retracement and then gone on to make new cycle lows,” said Jonathan Krinsky, chief market technician at BTIG, in a note earlier this month.Stocks rose across the board Friday, with the S&P 500 booking a fourth straight weekly gain. The Dow Jones Industrial Average advanced more than 420 points, or 1.3%, on Friday and the Nasdaq Composite rose 2.1%. The S&P 500 attempted to complete the retracement in Thursday’s session, when it traded as high as 4,257.91, but gave up gains to end at 4,207.27.Krinsky, in a Thursday update, had noted that an intraday breach of the level doesn’t cut it, but had cautioned that a close above 4,231 would still leave him cautious about the near-term outlook.“Because the retracement is based on a closing basis, we would want to see a close above 4,231 to trigger that signal. Whether or not that happens, however, the tactical risk/reward looks poor to us here,” he wrote.What’s so special about a 50% retracement? Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…).If a number in the sequence is divided by the next number, for example 8 divided by 13, the result is near 0.618, a ratio that’s been dubbed the Golden Mean due to its prevalence in nature in everything from seashells to ocean waves to proportions of the human body. Back on Wall Street, technical analysts see key retracement targets for a rally from a significant low to a significant peak at 38.2%, 50% and 61.8%, while retracements of 23.6% and 76.4% are seen as secondary targets.The push above the 50% retracement level during Thursday’s recession may have contributed to a round of selling itself, said Jeff deGraaf, founder of Renaissance Macro Research, in a Friday note.He observed that the retracement corresponded to a 65-day high for the S&P 500, offering another indication of an improving trend in a bear market as it represents the highest level of the last rolling quarter. A 65-day high is often seen as a default signal for commodity trading advisers, not just in the S&P 500 but in commodity, bond and forex markets as well.“That level coincidentally corresponded with the 50% retracement level of the bear market,” he wrote. “In essence, it forced the hand of one group to cover shorts (CTAs) while simultaneously giving another group (Fibonacci followers) an excuse to sell” on Thursday.Krinsky, meanwhile, cautioned that previous 50% retracements in 1974, 2004, and 2009 all saw decent shakeouts shortly after clearing that threshold.“Further, as the market has cheered ‘peak inflation’, we are now seeing a quiet resurgence in many commodities, and bonds continue to weaken,” he wrote Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071095537,"gmtCreate":1657425672829,"gmtModify":1676536006567,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071095537","repostId":"1129631735","repostType":2,"repost":{"id":"1129631735","pubTimestamp":1657421087,"share":"https://www.laohu8.com/m/news/1129631735?lang=&edition=full","pubTime":"2022-07-10 10:44","market":"us","language":"en","title":"Beyond Meat Stock Is a Busted Growth Play Not Worth Chasing","url":"https://stock-news.laohu8.com/highlight/detail?id=1129631735","media":"InvestorPlace","summary":"Down more than 80% in the past year, Beyond Meat(BYND) may seem oversold at first glance.Given slowi","content":"<html><head></head><body><ul><li>Down more than 80% in the past year, <b>Beyond Meat</b>(<b><u>BYND</u></b>) may seem oversold at first glance.</li><li>Given slowing revenue growth and soaring losses, this move lower was more than justified.</li><li>As there is little to suggest that it will re-enter growth mode anytime soon, skip out on this busted growth play.</li></ul><p>No matter your opinion of plant-based meat, the most important thing to think of when it comes to investing in <b>Beyond Meat</b>(NASDAQ:<b><u>BYND</u></b>) or not is whether this product can become widely-consumed and profitable in the long-term. The verdict? So far, it’s murky at best. That’s a big reason why BYND stock has performed so poorly over the past twelve months.</p><p>Trading for nearly $150 per share a year ago, today it trades for just a fraction of that. To some bottom-fishers, today’s prices may seem like a big discount. However, there’s little to suggest that is truly the case. Instead, as its revenue growth keeps slowing down and it keeps on facing issues getting to the point of profitability, shares are more likely to see further drops than a pop out of left field.</p><p>With this in mind, your best move here is clear. Stay away from this busted growth play.</p><p><b>BYND Stock and its Extended Slide in Price</b></p><p>At first, you may think that Beyond Meat, like a lot of other high-flyers from the 2020 and 2021 market, has simply plunged in tandem with its peers since late last year.</p><p>However, take a look at a stock chart. You’ll see that the extended price slide with BYND stock began well before the most recent bull market came to an end. That is, shares began their descent last June. The main reason was quarter after quarter of disappointing results.</p><p>For example, this can be seen in its full-year numbers for 2021. As U.S. demand for plant-based meat faded, sales growth took a serious hit, with revenue only rising14.2%during the year. Coupled with this sales deceleration has been rising costs. The impact of inflation on ingredients, labor, and shipping expenses has resulted in Beyond Meat falling deeper in the red.</p><p>Per sell-side earnings estimates, high losses are expected to continue this year, next year, and in 2024. It’s going to be difficult for shares, despite their more than 81% drop in the past twelve months, to mount much of a recovery. This is even as some more optimistic investors may believe its fortunes could improve despite the gloomy earnings forecast.</p><p><b>Will New Product Launches Save the Day?</b></p><p>While I’m bearish on BYND stock, I will admit that it’s not as if management is sitting on its hands. Beyond Meat’s C-suite is at work pursuing paths to re-accelerated revenue growth and an eventual move out of the red into consistent profitability. So, what’s the issue? It’s still too early to determine whether these efforts will pay off or not.</p><p>For instance, the company has planned a launch of a plant-based steak product. So far, its beef-substitute products have mimicked the taste and mouthfeel of ground beef rather than steak. Expanded product offerings could in theory help it return to growth mode. But it also might not. The issue with sales growth may not be a lack of product offerings.</p><p>Instead, it may be due to the fact that the total addressable market for plant-based meat is much smaller than previously expected. Despite all the talk of the environmental and health benefits of a plant-based diet, most people aren’t interested in passing up on meat completely. Not even the potential for price parity between real meat and plant-based meat may do much to change this dynamic.</p><p><b>The Verdict on BYND Stock</b></p><p>Currently, Beyond Meat stock earns an “F” rating in my <i>Portfolio Grader</i>. Put simply, after quarters of disappointment, it’s hard to see this company being on the cusp of getting back into high-growth mode.</p><p>That’s not to say that things are necessarily going to get worse for Beyond Meat. It could continue to grow sales at a modest pace. I’ll admit that this product is more than a fad. There is a market for vegan “meat.”</p><p>However, there’s just not a tremendous market for this product. Instead, like meat substitutes of the past, it’s a niche product with limited growth prospects. With the stock’s tremendous drop since last year, the market has all but admitted this.</p><p>Still, a good deal of the past hype for it remains priced-in. Shares continue to trade at too high of a price-to-sales ratio. Until this premium fades, avoid BYND stock.</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>Beyond Meat Stock Is a Busted Growth Play Not Worth Chasing</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\">\nBeyond Meat Stock Is a Busted Growth Play Not Worth Chasing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-10 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/07/bynd-stock-busted-growth-play-not-worth-chasing/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Down more than 80% in the past year, Beyond Meat(BYND) may seem oversold at first glance.Given slowing revenue growth and soaring losses, this move lower was more than justified.As there is little to ...</p>\n\n<a href=\"https://investorplace.com/2022/07/bynd-stock-busted-growth-play-not-worth-chasing/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc."},"source_url":"https://investorplace.com/2022/07/bynd-stock-busted-growth-play-not-worth-chasing/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129631735","content_text":"Down more than 80% in the past year, Beyond Meat(BYND) may seem oversold at first glance.Given slowing revenue growth and soaring losses, this move lower was more than justified.As there is little to suggest that it will re-enter growth mode anytime soon, skip out on this busted growth play.No matter your opinion of plant-based meat, the most important thing to think of when it comes to investing in Beyond Meat(NASDAQ:BYND) or not is whether this product can become widely-consumed and profitable in the long-term. The verdict? So far, it’s murky at best. That’s a big reason why BYND stock has performed so poorly over the past twelve months.Trading for nearly $150 per share a year ago, today it trades for just a fraction of that. To some bottom-fishers, today’s prices may seem like a big discount. However, there’s little to suggest that is truly the case. Instead, as its revenue growth keeps slowing down and it keeps on facing issues getting to the point of profitability, shares are more likely to see further drops than a pop out of left field.With this in mind, your best move here is clear. Stay away from this busted growth play.BYND Stock and its Extended Slide in PriceAt first, you may think that Beyond Meat, like a lot of other high-flyers from the 2020 and 2021 market, has simply plunged in tandem with its peers since late last year.However, take a look at a stock chart. You’ll see that the extended price slide with BYND stock began well before the most recent bull market came to an end. That is, shares began their descent last June. The main reason was quarter after quarter of disappointing results.For example, this can be seen in its full-year numbers for 2021. As U.S. demand for plant-based meat faded, sales growth took a serious hit, with revenue only rising14.2%during the year. Coupled with this sales deceleration has been rising costs. The impact of inflation on ingredients, labor, and shipping expenses has resulted in Beyond Meat falling deeper in the red.Per sell-side earnings estimates, high losses are expected to continue this year, next year, and in 2024. It’s going to be difficult for shares, despite their more than 81% drop in the past twelve months, to mount much of a recovery. This is even as some more optimistic investors may believe its fortunes could improve despite the gloomy earnings forecast.Will New Product Launches Save the Day?While I’m bearish on BYND stock, I will admit that it’s not as if management is sitting on its hands. Beyond Meat’s C-suite is at work pursuing paths to re-accelerated revenue growth and an eventual move out of the red into consistent profitability. So, what’s the issue? It’s still too early to determine whether these efforts will pay off or not.For instance, the company has planned a launch of a plant-based steak product. So far, its beef-substitute products have mimicked the taste and mouthfeel of ground beef rather than steak. Expanded product offerings could in theory help it return to growth mode. But it also might not. The issue with sales growth may not be a lack of product offerings.Instead, it may be due to the fact that the total addressable market for plant-based meat is much smaller than previously expected. Despite all the talk of the environmental and health benefits of a plant-based diet, most people aren’t interested in passing up on meat completely. Not even the potential for price parity between real meat and plant-based meat may do much to change this dynamic.The Verdict on BYND StockCurrently, Beyond Meat stock earns an “F” rating in my Portfolio Grader. Put simply, after quarters of disappointment, it’s hard to see this company being on the cusp of getting back into high-growth mode.That’s not to say that things are necessarily going to get worse for Beyond Meat. It could continue to grow sales at a modest pace. I’ll admit that this product is more than a fad. There is a market for vegan “meat.”However, there’s just not a tremendous market for this product. Instead, like meat substitutes of the past, it’s a niche product with limited growth prospects. With the stock’s tremendous drop since last year, the market has all but admitted this.Still, a good deal of the past hype for it remains priced-in. Shares continue to trade at too high of a price-to-sales ratio. Until this premium fades, avoid BYND stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070794460,"gmtCreate":1657103498250,"gmtModify":1676535949746,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070794460","repostId":"1151256214","repostType":2,"repost":{"id":"1151256214","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1657099688,"share":"https://www.laohu8.com/m/news/1151256214?lang=&edition=full","pubTime":"2022-07-06 17:28","market":"us","language":"en","title":"Fed Minutes Are Coming, Here Are 4 Things to Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1151256214","media":"Dow Jones","summary":"When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a de","content":"<html><head></head><body><p>When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a deeper look at the central bank’s latest deliberations and economic analysis.</p><p>Rationale behind the Fed’s 0.75-percentage-point rate hike in June, which was the biggest since 1994, has been well telegraphed. Heading into the policy-setting meeting, the consumer price index made a fresh 40-year high and a separate report showed an alarming increase in consumers’ longer-term inflation expectations. The latter data point has since been revised lower, but inflation expectations remain well above the Fed’s 2% target. Central bankers have revealed increased concern over elevated inflation expectations because inflation psychology can become a self-fulfilling prophecy as expectations of higher future prices prompt consumers to pull forward spending.</p><p>In his press conference and subsequent congressional testimony last month, Fed Chairman Jerome Powell stressed that fighting inflation is the central bank’s top priority, even at the expense of economic growth. Inflation is already hurting growth, and Powell has said he wants to cool demand—which exploded on account of simultaneous fiscal and monetary pandemic stimulus—to regain price stability.</p><p>Since the June meeting and Powell’s most recent public appearances, commodity prices have cooled, mortgage rates have risen, and markets have fallen as recession fears intensify. Given the dramatic pivot in market focus to near-term recession concerns, many of the discussions in the minutes to the June meeting may thus appear stale, economists at Deutsche Bank say. Still, there may be clues about how the Fed is thinking about the tradeoff between some economic pain and the need to bring inflation down over time, they say.</p><p>Here are a few places to look for clues—and how to interpret them.</p><h3>Super-sized hikes–one and done or more to come?</h3><p>The 0.75-percentage-point hike was only a remote possibility leading up to the June decision. Powell has said a subsequent increase of that magnitude wasn’t his base case, but Wall Street believes it is. Much will depend on the data before the July 26-27 meeting, with the June CPI coming out July 13. The Deutsche Bank economists say they are looking for hits around the thresholds needed to “downshift” the pace of hikes, noting that many Fed officials are signaling expectations for another “super-sized” 0.75-percentage-point increase this month.</p><p>At this point, traders are pricing in about an 83% chance of another three-quarter point hike in July, with a 78% probability of a 0.5% increase in September.</p><h3>Inflation talk</h3><p>Given that the three-quarter point hike was a surprise until just before the meeting, the June minutes should reflect the increased inflation concern that led to the more aggressive policy move, economists at Citi say. Coupled with language echoing Powell’s pledge to bring down inflation despite the negative consequences for growth, the minutes may read “hawkish” to a market that has become much more focused on downside growth risks since the June meeting, they say.</p><p>While signs of peaking inflation have emerged, such as falling copper prices and inventory warnings from retailers including Target (ticker: TGT) and Walmart (WMT), the former has mostly happened after the June Fed meeting and wouldn’t show up in the minutes. Neither the former or the latter is yet showing up in the economic data, and it remains to be seen whether wither would enough to cool overall inflation. Powell has said he needs to see “clear and convincing evidence” that inflation is coming down—the minutes could shed light on what might represent such evidence.</p><h3>Growth concerns</h3><p>With the latest rate decision came updated quarterly economic forecasts through 2024, as well as new longer-run estimates. In the June summary of economic projections, or SEP, Fed officials raised their expectations for the fed funds rate, downgraded their gross domestic product estimates, and raised their unemployment rate forecasts. That is as they lifted their near-term estimate for the core PCE, or the personal consumption expenditure index minus food and energy, while lowering their forecasts for the metric in 2023 and 2024 and reiterating their belief that inflation by that measure would then return to target.</p><p>Some economists say the latest SEP is still far too optimistic and doesn’t add up. How, for example, can inflation fall within striking distance of 2% next year with GDP still rising 1.7%? Since the release, Powell and other Fed officials have more directly articulated the difficulty in engineering a so-called soft landing, where the central bank sufficiently cools inflation without reversing growth.</p><h3>The next Powell pivot</h3><p>As Jim Reid of Deutsche Bank points out, we are only 31/2 months into this Fed hiking cycle and futures are already pricing in around 0.7 percentage point of interest-rate cuts in the year after the February 2023 meeting. That translates to a peak policy rate of about 3.39%.</p><p>As growth concerns pick up, with more economists now saying a recession is inevitable and some of them pulling forward their recession start-date call to this year from 2023, stocks are continuing to fall and investors are wondering what it will take for the Fed to shift its focus back to growth from inflation.</p><p>“When markets are in turmoil, investors always look at the Fed as the entity that can save the day,” says Roberto Perli, head of global policy at Piper Sandler. This time is no exception, he says, adding that client questioning is intensifying around whether markets have dropped enough, and recession fears are high enough, to induce a Fed pause or pivot.</p><p>This time is no exception: We regularly field many questions to the effect of, have the markets dropped enough to induce the Fed to pause or reverse course? Recently, with markets remaining volatile and talks of recession becoming widespread, this line of questioning intensified.</p><p>For now, Perli says the Fed isn’t close to pausing or changing course. The June minutes will probably reflect that sentiment. What happens beyond that is far less certain.</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>Fed Minutes Are Coming, Here Are 4 Things to Watch</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\">\nFed Minutes Are Coming, Here Are 4 Things to Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-06 17:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a deeper look at the central bank’s latest deliberations and economic analysis.</p><p>Rationale behind the Fed’s 0.75-percentage-point rate hike in June, which was the biggest since 1994, has been well telegraphed. Heading into the policy-setting meeting, the consumer price index made a fresh 40-year high and a separate report showed an alarming increase in consumers’ longer-term inflation expectations. The latter data point has since been revised lower, but inflation expectations remain well above the Fed’s 2% target. Central bankers have revealed increased concern over elevated inflation expectations because inflation psychology can become a self-fulfilling prophecy as expectations of higher future prices prompt consumers to pull forward spending.</p><p>In his press conference and subsequent congressional testimony last month, Fed Chairman Jerome Powell stressed that fighting inflation is the central bank’s top priority, even at the expense of economic growth. Inflation is already hurting growth, and Powell has said he wants to cool demand—which exploded on account of simultaneous fiscal and monetary pandemic stimulus—to regain price stability.</p><p>Since the June meeting and Powell’s most recent public appearances, commodity prices have cooled, mortgage rates have risen, and markets have fallen as recession fears intensify. Given the dramatic pivot in market focus to near-term recession concerns, many of the discussions in the minutes to the June meeting may thus appear stale, economists at Deutsche Bank say. Still, there may be clues about how the Fed is thinking about the tradeoff between some economic pain and the need to bring inflation down over time, they say.</p><p>Here are a few places to look for clues—and how to interpret them.</p><h3>Super-sized hikes–one and done or more to come?</h3><p>The 0.75-percentage-point hike was only a remote possibility leading up to the June decision. Powell has said a subsequent increase of that magnitude wasn’t his base case, but Wall Street believes it is. Much will depend on the data before the July 26-27 meeting, with the June CPI coming out July 13. The Deutsche Bank economists say they are looking for hits around the thresholds needed to “downshift” the pace of hikes, noting that many Fed officials are signaling expectations for another “super-sized” 0.75-percentage-point increase this month.</p><p>At this point, traders are pricing in about an 83% chance of another three-quarter point hike in July, with a 78% probability of a 0.5% increase in September.</p><h3>Inflation talk</h3><p>Given that the three-quarter point hike was a surprise until just before the meeting, the June minutes should reflect the increased inflation concern that led to the more aggressive policy move, economists at Citi say. Coupled with language echoing Powell’s pledge to bring down inflation despite the negative consequences for growth, the minutes may read “hawkish” to a market that has become much more focused on downside growth risks since the June meeting, they say.</p><p>While signs of peaking inflation have emerged, such as falling copper prices and inventory warnings from retailers including Target (ticker: TGT) and Walmart (WMT), the former has mostly happened after the June Fed meeting and wouldn’t show up in the minutes. Neither the former or the latter is yet showing up in the economic data, and it remains to be seen whether wither would enough to cool overall inflation. Powell has said he needs to see “clear and convincing evidence” that inflation is coming down—the minutes could shed light on what might represent such evidence.</p><h3>Growth concerns</h3><p>With the latest rate decision came updated quarterly economic forecasts through 2024, as well as new longer-run estimates. In the June summary of economic projections, or SEP, Fed officials raised their expectations for the fed funds rate, downgraded their gross domestic product estimates, and raised their unemployment rate forecasts. That is as they lifted their near-term estimate for the core PCE, or the personal consumption expenditure index minus food and energy, while lowering their forecasts for the metric in 2023 and 2024 and reiterating their belief that inflation by that measure would then return to target.</p><p>Some economists say the latest SEP is still far too optimistic and doesn’t add up. How, for example, can inflation fall within striking distance of 2% next year with GDP still rising 1.7%? Since the release, Powell and other Fed officials have more directly articulated the difficulty in engineering a so-called soft landing, where the central bank sufficiently cools inflation without reversing growth.</p><h3>The next Powell pivot</h3><p>As Jim Reid of Deutsche Bank points out, we are only 31/2 months into this Fed hiking cycle and futures are already pricing in around 0.7 percentage point of interest-rate cuts in the year after the February 2023 meeting. That translates to a peak policy rate of about 3.39%.</p><p>As growth concerns pick up, with more economists now saying a recession is inevitable and some of them pulling forward their recession start-date call to this year from 2023, stocks are continuing to fall and investors are wondering what it will take for the Fed to shift its focus back to growth from inflation.</p><p>“When markets are in turmoil, investors always look at the Fed as the entity that can save the day,” says Roberto Perli, head of global policy at Piper Sandler. This time is no exception, he says, adding that client questioning is intensifying around whether markets have dropped enough, and recession fears are high enough, to induce a Fed pause or pivot.</p><p>This time is no exception: We regularly field many questions to the effect of, have the markets dropped enough to induce the Fed to pause or reverse course? Recently, with markets remaining volatile and talks of recession becoming widespread, this line of questioning intensified.</p><p>For now, Perli says the Fed isn’t close to pausing or changing course. The June minutes will probably reflect that sentiment. What happens beyond that is far less certain.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151256214","content_text":"When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a deeper look at the central bank’s latest deliberations and economic analysis.Rationale behind the Fed’s 0.75-percentage-point rate hike in June, which was the biggest since 1994, has been well telegraphed. Heading into the policy-setting meeting, the consumer price index made a fresh 40-year high and a separate report showed an alarming increase in consumers’ longer-term inflation expectations. The latter data point has since been revised lower, but inflation expectations remain well above the Fed’s 2% target. Central bankers have revealed increased concern over elevated inflation expectations because inflation psychology can become a self-fulfilling prophecy as expectations of higher future prices prompt consumers to pull forward spending.In his press conference and subsequent congressional testimony last month, Fed Chairman Jerome Powell stressed that fighting inflation is the central bank’s top priority, even at the expense of economic growth. Inflation is already hurting growth, and Powell has said he wants to cool demand—which exploded on account of simultaneous fiscal and monetary pandemic stimulus—to regain price stability.Since the June meeting and Powell’s most recent public appearances, commodity prices have cooled, mortgage rates have risen, and markets have fallen as recession fears intensify. Given the dramatic pivot in market focus to near-term recession concerns, many of the discussions in the minutes to the June meeting may thus appear stale, economists at Deutsche Bank say. Still, there may be clues about how the Fed is thinking about the tradeoff between some economic pain and the need to bring inflation down over time, they say.Here are a few places to look for clues—and how to interpret them.Super-sized hikes–one and done or more to come?The 0.75-percentage-point hike was only a remote possibility leading up to the June decision. Powell has said a subsequent increase of that magnitude wasn’t his base case, but Wall Street believes it is. Much will depend on the data before the July 26-27 meeting, with the June CPI coming out July 13. The Deutsche Bank economists say they are looking for hits around the thresholds needed to “downshift” the pace of hikes, noting that many Fed officials are signaling expectations for another “super-sized” 0.75-percentage-point increase this month.At this point, traders are pricing in about an 83% chance of another three-quarter point hike in July, with a 78% probability of a 0.5% increase in September.Inflation talkGiven that the three-quarter point hike was a surprise until just before the meeting, the June minutes should reflect the increased inflation concern that led to the more aggressive policy move, economists at Citi say. Coupled with language echoing Powell’s pledge to bring down inflation despite the negative consequences for growth, the minutes may read “hawkish” to a market that has become much more focused on downside growth risks since the June meeting, they say.While signs of peaking inflation have emerged, such as falling copper prices and inventory warnings from retailers including Target (ticker: TGT) and Walmart (WMT), the former has mostly happened after the June Fed meeting and wouldn’t show up in the minutes. Neither the former or the latter is yet showing up in the economic data, and it remains to be seen whether wither would enough to cool overall inflation. Powell has said he needs to see “clear and convincing evidence” that inflation is coming down—the minutes could shed light on what might represent such evidence.Growth concernsWith the latest rate decision came updated quarterly economic forecasts through 2024, as well as new longer-run estimates. In the June summary of economic projections, or SEP, Fed officials raised their expectations for the fed funds rate, downgraded their gross domestic product estimates, and raised their unemployment rate forecasts. That is as they lifted their near-term estimate for the core PCE, or the personal consumption expenditure index minus food and energy, while lowering their forecasts for the metric in 2023 and 2024 and reiterating their belief that inflation by that measure would then return to target.Some economists say the latest SEP is still far too optimistic and doesn’t add up. How, for example, can inflation fall within striking distance of 2% next year with GDP still rising 1.7%? Since the release, Powell and other Fed officials have more directly articulated the difficulty in engineering a so-called soft landing, where the central bank sufficiently cools inflation without reversing growth.The next Powell pivotAs Jim Reid of Deutsche Bank points out, we are only 31/2 months into this Fed hiking cycle and futures are already pricing in around 0.7 percentage point of interest-rate cuts in the year after the February 2023 meeting. That translates to a peak policy rate of about 3.39%.As growth concerns pick up, with more economists now saying a recession is inevitable and some of them pulling forward their recession start-date call to this year from 2023, stocks are continuing to fall and investors are wondering what it will take for the Fed to shift its focus back to growth from inflation.“When markets are in turmoil, investors always look at the Fed as the entity that can save the day,” says Roberto Perli, head of global policy at Piper Sandler. This time is no exception, he says, adding that client questioning is intensifying around whether markets have dropped enough, and recession fears are high enough, to induce a Fed pause or pivot.This time is no exception: We regularly field many questions to the effect of, have the markets dropped enough to induce the Fed to pause or reverse course? Recently, with markets remaining volatile and talks of recession becoming widespread, this line of questioning intensified.For now, Perli says the Fed isn’t close to pausing or changing course. The June minutes will probably reflect that sentiment. What happens beyond that is far less certain.","news_type":1},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021187198,"gmtCreate":1653013247014,"gmtModify":1676535208469,"author":{"id":"4106719216781130","authorId":"4106719216781130","name":"balexhu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021187198","repostId":"2236670897","repostType":4,"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}